# EDGAR Filing Document

**Accession Number:** 0001098605
**File Stem:** 0001099263-25-004528
**Filing Date:** 2025-11
**Character Count:** 849108
**Document Hash:** 19e3976372fa2d540e2e10d0579022c3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-25-004528.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001099263-25-004528

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09721
- **FILM NUMBER:** 251528508

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

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

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

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

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

## Series and Classes Contracts Data

### Fixed Income SHares: Series R (Series ID: S000004805)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000013021 | Series R     | FXIRX           |

## Nport-Ex

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 140.4% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **American Airlines, Inc.**<br>6.575% (TSFR3M + 2.250%) due 04/20/2028 ~ | $2204 | $2204 |
| **Quikrete Holdings, Inc.**<br>6.413% (TSFR1M + 2.250%) due 02/10/2032 ~ | 1194 | 1194 |
| **SkyMiles IP Ltd.**<br>7.752% (TSFR3M + 3.750%) due 10/20/2027 ~ | 331 | 332 |
| Total Loan Participations and Assignments (Cost $3,720) |  | 3730 |
| **CORPORATE BONDS & NOTES 42.3%**  |  |  |
| **BANKING & FINANCE 28.9%**  |  |  |
| **Aircastle Ltd.** <br>5.950% due 02/15/2029 | 1600 | 1670 |
| **Ally Financial, Inc.** <br>6.184% due 07/26/2035 •  | 1600 | 1651 |
| **American Assets Trust LP**  |  |  |
| 3.375% due 02/01/2031  | 4000 | 3635 |
| 6.150% due 10/01/2034  | 4550 | 4633 |
| **Antares Holdings LP** <br>6.500% due 02/08/2029 | 2000 | 2045 |
| **ARES Capital Corp.** <br>2.875% due 06/15/2028 | 3300 | 3151 |
| **ARES Finance Co. II LLC** <br>3.250% due 06/15/2030 | 4950 | 4678 |
| **ARES Management Corp.** <br>5.600% due 10/11/2054 | 2000 | 1936 |
| **Athene Global Funding**  |  |  |
| 5.380% due 01/07/2030  | 3000 | 3097 |
| 5.526% due 07/11/2031  | 5000 | 5158 |
| **Aviation Capital Group LLC** <br>3.500% due 11/01/2027 | 1300 | 1278 |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | 2696 | 2593 |
| **Banco Bilbao Vizcaya Argentaria SA** <br>6.033% due 03/13/2035 •  | 5000 | 5319 |
| **Banco Santander SA**  |  |  |
| 5.538% due 03/14/2030 •  | 10000 | 10361 |
| 6.033% due 01/17/2035  | 2000 | 2150 |
| **Bank of America Corp.**  |  |  |
| 5.468% due 01/23/2035 •  | 25300 | 26434 |
| 5.511% due 01/24/2036 •  | 15000 | 15686 |
| **Barclays PLC**  |  |  |
| 2.894% due 11/24/2032 •  | 6900 | 6220 |
| 6.692% due 09/13/2034 •  | 4100 | 4538 |
| **BGC Group, Inc.** <br>6.600% due 06/10/2029 | 3750 | 3902 |
| **BNP Paribas SA**  |  |  |
| 1.904% due 09/30/2028 •  | 8000 | 7630 |
| 4.500% due 02/25/2030 •(d)(e)  | 900 | 825 |
| 4.625% due 02/25/2031 •(d)(e)  | 1900 | 1737 |
| 5.738% due 02/20/2035 •(h)  | 7500 | 7891 |
| **Brookfield Finance, Inc.** <br>6.350% due 01/05/2034 | 2500 | 2733 |
| **CaixaBank SA**  |  |  |
| 6.037% due 06/15/2035 •  | 3000 | 3190 |
| 6.840% due 09/13/2034 •  | 5000 | 5574 |
| **Cantor Fitzgerald LP** <br>7.200% due 12/12/2028 | 8700 | 9298 |
| **Capital One Financial Corp.** <br>7.964% due 11/02/2034 •  | 3000 | 3548 |
| **CI Financial Corp.** <br>3.200% due 12/17/2030 | 3200 | 2873 |
| **Citadel Finance LLC** <br>5.900% due 02/10/2030 | 3000 | 3045 |
| **Citadel LP** <br>6.375% due 01/23/2032 | 3000 | 3177 |
| **Citadel Securities Global Holdings LLC** <br>5.500% due 06/18/2030 | 2500 | 2567 |
| **Citigroup, Inc.** <br>3.785% due 03/17/2033 •  | 2000 | 1901 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Cooperatieve** **Rabobank UA** <br>5.710% due 01/21/2033 •  | 3500 | 3683 |
| **Credit Agricole SA** <br>5.862% due 01/09/2036 •  | 3000 | 3156 |
| **Credit Suisse AG AT1 Claim** <br>1.000% due 12/31/2060 | 10000 | 1300 |
| **Crown Castle, Inc.**  |  |  |
| 4.300% due 02/15/2029  | 3000 | 2988 |
| 5.200% due 09/01/2034  | 6000 | 6067 |
| **Deloitte LLP**  |  |  |
| 5.690% due 01/30/2037 «(g)  | 700 | 716 |
| 5.790% due 01/30/2040 «(g)  | 1200 | 1221 |
| **Deutsche Bank AG**  |  |  |
| 3.729% due 01/14/2032 •  | 1200 | 1126 |
| 5.403% due 09/11/2035 •  | 5000 | 5100 |
| 5.625% due 05/19/2031 •  | 200 | 238 |
| 6.819% due 11/20/2029 •  | $6000 | 6419 |
| **Fairfax Financial Holdings Ltd.**  |  |  |
| 4.230% due 06/14/2029  | 300 | 222 |
| 5.750% due 05/20/2035  | $4000 | 4150 |
| 6.500% due 05/20/2055  | 2100 | 2260 |
| **First American Financial Corp.** <br>4.000% due 05/15/2030 | 3850 | 3724 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 2.700% due 08/10/2026  | 400 | 394 |
| 4.950% due 05/28/2027  | 5000 | 4994 |
| 6.125% due 03/08/2034  | 4150 | 4172 |
| **Freedom Mortgage Holdings LLC** <br>8.375% due 04/01/2032 | 4700 | 4930 |
| **GA Global Funding Trust** <br>5.900% due 01/13/2035 | 4900 | 5092 |
| **Global Atlantic Fin Co.** <br>3.125% due 06/15/2031 | 1200 | 1084 |
| **GLP Capital LP/GLP Financing II, Inc.**  |  |  |
| 4.000% due 01/15/2030  | 3278 | 3177 |
| 5.300% due 01/15/2029  | 3150 | 3210 |
| 6.250% due 09/15/2054  | 2500 | 2520 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 5.536% due 01/28/2036 •  | 15000 | 15665 |
| 5.851% due 04/25/2035 •  | 19700 | 20997 |
| **Golub Capital BDC, Inc.**  |  |  |
| 2.050% due 02/15/2027  | 4000 | 3856 |
| 6.000% due 07/15/2029  | 1000 | 1022 |
| **Golub Capital Private Credit Fund** <br>5.875% due 05/01/2030 | 1500 | 1527 |
| **Host Hotels & Resorts LP** <br>5.500% due 04/15/2035 | 7650 | 7707 |
| **HSBC Holdings PLC** <br>5.875% due 09/28/2026 •(d)(e) | 11800 | 15919 |
| **Hudson Pacific Properties LP**  |  |  |
| 3.250% due 01/15/2030  | $100 | 86 |
| 3.950% due 11/01/2027  | 100 | 96 |
| 4.650% due 04/01/2029  | 400 | 373 |
| 5.950% due 02/15/2028  | 200 | 197 |
| **Invitation Homes Operating Partnership LP** <br>5.450% due 08/15/2030 | 5000 | 5204 |
| **JPMorgan Chase & Co.**  |  |  |
| 5.294% due 07/22/2035 •  | 4000 | 4133 |
| 5.350% due 06/01/2034 •  | 17000 | 17719 |
| 5.766% due 04/22/2035 •  | 4900 | 5223 |
| **KBC Group NV** <br>6.324% due 09/21/2034 •  | 3000 | 3283 |
| **Kilroy Realty LP**  |  |  |
| 3.050% due 02/15/2030  | 3000 | 2771 |
| 4.750% due 12/15/2028  | 400 | 403 |
| **KKR Financial Holdings LLC** <br>5.400% due 05/23/2033 | 9000 | 8830 |
| **Liberty Mutual Group, Inc.** <br>4.300% due 02/01/2061 | 2000 | 1261 |
| **Maple Grove Funding Trust I** <br>4.161% due 08/15/2051 | 8000 | 5641 |
| **Massachusetts Mutual Life Insurance Co.** <br>5.077% due 02/15/2069 •  | 4500 | 4096 |
| **Morgan Stanley**  |  |  |
| 0.000% due 04/02/2032 þ(g)  | 7000 | 5057 |
| 5.320% due 07/19/2035 •  | 2500 | 2581 |
| 5.587% due 01/18/2036 •  | 10000 | 10475 |
| 5.831% due 04/19/2035 •  | 14300 | 15250 |
| **Nissan Motor Acceptance Co. LLC** <br>2.750% due 03/09/2028 | 3000 | 2817 |
| **NMI Holdings, Inc.** <br>6.000% due 08/15/2029 | 6000 | 6209 |
| **Nordea Bank Abp**  |  |  |
| 3.750% due 03/01/2029 •(d)(e)  | 5850 | 5450 |
| 6.625% due 03/26/2026 •(d)(e)  | 5000 | 5032 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Prologis** **LP** <br>4.200% due 02/15/2033 | 3000 | 2205 |
| **Sammons Financial Group, Inc.**  |  |  |
| 3.350% due 04/16/2031  | $3000 | 2777 |
| 6.875% due 04/15/2034  | 5800 | 6392 |
| **Sixth Street Lending Partners** <br>5.750% due 01/15/2030 | 3100 | 3152 |
| **SMBC Aviation Capital Finance DAC** <br>5.450% due 05/03/2028 | 3600 | 3692 |
| **Stellantis Finance U.S., Inc.** <br>6.450% due 03/18/2035 | 1700 | 1744 |
| **Synchrony Financial** <br>3.950% due 12/01/2027 | 1100 | 1088 |
| **Tesco Property Finance 3 PLC** <br>5.744% due 04/13/2040 | 560 | 750 |
| **Tesco Property Finance 4 PLC** <br>5.801% due 10/13/2040 | 6224 | 8336 |
| **Tesco Property Finance 6 PLC** <br>5.411% due 07/13/2044 | 171 | 221 |
| **UBS Group AG**  |  |  |
| 6.301% due 09/22/2034 •  | $10326 | 11278 |
| 6.537% due 08/12/2033 •  | 10000 | 11034 |
| **Ventas Realty LP** <br>5.000% due 01/15/2035 | 3000 | 3004 |
| **VICI Properties LP** <br>5.750% due 04/01/2034 | 3000 | 3119 |
| **Wells Fargo & Co.**  |  |  |
| 3.350% due 03/02/2033 •  | 8000 | 7449 |
| 5.211% due 12/03/2035 •  | 20000 | 20443 |
| 5.499% due 01/23/2035 •(h)  | 15400 | 16069 |
|  |  | 519700 |
| **INDUSTRIALS 9.6%**  |  |  |
| **Adventist Health System** <br>4.742% due 12/01/2030 | 1000 | 1001 |
| **Air Canada Pass-Through Trust** <br>3.750% due 06/15/2029 | 1698 | 1666 |
| **Alaska Airlines Pass-Through Trust** <br>4.800% due 02/15/2029 | 2067 | 2072 |
| **American Airlines Pass-Through Trust**  |  |  |
| 3.200% due 12/15/2029  | 1639 | 1589 |
| 3.375% due 11/01/2028  | 4284 | 4216 |
| 3.575% due 07/15/2029  | 1544 | 1515 |
| 3.650% due 08/15/2030  | 2069 | 2014 |
| 3.700% due 04/01/2028  | 1912 | 1901 |
| **American Airlines, Inc./AAdvantage Loyalty IP Ltd.**  |  |  |
| 5.500% due 04/20/2026  | 1025 | 1026 |
| 5.750% due 04/20/2029  | 1700 | 1708 |
| **Bayer U.S. Finance II LLC** <br>4.375% due 12/15/2028 | 6900 | 6877 |
| **Bayer U.S. Finance LLC** <br>6.875% due 11/21/2053 | 3500 | 3813 |
| **Boeing Co.**  |  |  |
| 6.298% due 05/01/2029  | 2000 | 2123 |
| 6.528% due 05/01/2034  | 1900 | 2102 |
| 6.858% due 05/01/2054  | 8200 | 9360 |
| **British Airways Pass-Through Trust** <br>3.300% due 06/15/2034 | 2200 | 2085 |
| **Charter Communications Operating LLC/Charter Communications Operating Capital** <br>5.125% due 07/01/2049 | 2000 | 1655 |
| **Conagra Brands, Inc.** <br>5.750% due 08/01/2035 | 3100 | 3158 |
| **DR Horton, Inc.** <br>5.000% due 10/15/2034 | 5500 | 5565 |
| **Elevance Health, Inc.** <br>5.200% due 02/15/2035 | 3000 | 3059 |
| **Energy Transfer LP**  |  |  |
| 5.600% due 09/01/2034  | 4100 | 4210 |
| 5.700% due 04/01/2035  | 4000 | 4133 |
| 6.200% due 04/01/2055  | 4000 | 4027 |
| **Eni SpA** <br>5.500% due 05/15/2034 | 1600 | 1647 |
| **Fraport AG Frankfurt Airport Services Worldwide** <br>1.875% due 03/31/2028 | 2600 | 2987 |
| **Greensaif Pipelines Bidco SARL** <br>6.103% due 08/23/2042 | $4500 | 4737 |
| **Harbour Energy PLC** <br>6.327% due 04/01/2035 | 1400 | 1438 |
| **HCA, Inc.**  |  |  |
| 5.450% due 09/15/2034  | 2750 | 2822 |
| 6.200% due 03/01/2055  | 1000 | 1033 |
| **Imperial Brands Finance PLC** <br>3.875% due 07/26/2029 | 4000 | 3931 |
| **Kraft Heinz Foods Co.** <br>4.375% due 06/01/2046 | 5000 | 4164 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Las** **Vegas Sands Corp.** <br>3.500% due 08/18/2026 | 4750 | 4713 |
| **MSCI, Inc.**  |  |  |
| 3.250% due 08/15/2033  | 300 | 268 |
| 3.625% due 09/01/2030  | 200 | 191 |
| **NetApp, Inc.** <br>5.700% due 03/17/2035 | 3400 | 3556 |
| **Nissan Motor Co. Ltd.**  |  |  |
| 4.345% due 09/17/2027  | 2900 | 2847 |
| 4.810% due 09/17/2030  | 700 | 660 |
| **Oracle Corp.**  |  |  |
| 5.500% due 08/03/2035  | 7500 | 7721 |
| 6.000% due 08/03/2055  | 4500 | 4521 |
| **Quikrete Holdings, Inc.**  |  |  |
| 6.375% due 03/01/2032  | 1600 | 1659 |
| 6.750% due 03/01/2033  | 500 | 520 |
| **Smith & Nephew PLC** <br>5.400% due 03/20/2034 | 4000 | 4132 |
| **Spirit Airlines Pass-Through Trust** <br>4.100% due 10/01/2029 | 245 | 233 |
| **Tennessee Gas Pipeline Co. LLC** <br>2.900% due 03/01/2030 | 3800 | 3560 |
| **United Airlines Pass-Through Trust**  |  |  |
| 2.700% due 11/01/2033  | 3784 | 3478 |
| 2.875% due 04/07/2030  | 1310 | 1249 |
| 3.450% due 01/07/2030  | 1300 | 1250 |
| 4.000% due 10/11/2027  | 797 | 795 |
| 5.875% due 04/15/2029  | 4462 | 4590 |
| **United Airlines, Inc.** <br>4.625% due 04/15/2029 | 1000 | 985 |
| **UnitedHealth Group, Inc.** <br>5.150% due 07/15/2034 | 5000 | 5134 |
| **Vale Overseas Ltd.** <br>6.400% due 06/28/2054 | 2000 | 2058 |
| **Venture Global Calcasieu Pass LLC** <br>4.125% due 08/15/2031 | 4800 | 4534 |
| **Venture Global LNG, Inc.** <br>7.000% due 01/15/2030 | 6800 | 7041 |
| **Viper Energy Partners LLC** <br>5.700% due 08/01/2035 | 1200 | 1221 |
| **Vmed O2 U.K. Financing I PLC** <br>4.750% due 07/15/2031 | 6000 | 5651 |
| **Volkswagen Group of America Finance LLC** <br>3.750% due 05/13/2030 | 1300 | 1249 |
| **Woodside Finance Ltd.**  |  |  |
| 5.700% due 05/19/2032  | 1400 | 1454 |
| 5.700% due 09/12/2054  | 4600 | 4410 |
|  |  | 173314 |
| **UTILITIES 3.8%**  |  |  |
| **AES Corp.** <br>5.800% due 03/15/2032 | 6250 | 6474 |
| **Black Hills Corp.** <br>6.000% due 01/15/2035 | 3000 | 3196 |
| **Cleveland Electric Illuminating Co.** <br>4.550% due 11/15/2030 | 2500 | 2478 |
| **Dominion Energy, Inc.** <br>3.300% due 04/15/2041 | 2500 | 1912 |
| **E.ON International Finance BV** <br>6.650% due 04/30/2038 | 1300 | 1443 |
| **Edison International** <br>5.750% due 06/15/2027 | 1050 | 1063 |
| **Electricite de France SA** <br>6.000% due 04/22/2064 | 5500 | 5444 |
| **NiSource, Inc.** <br>1.700% due 02/15/2031 | 8200 | 7126 |
| **ONEOK, Inc.**  |  |  |
| 4.750% due 10/15/2031  | 4600 | 4604 |
| 5.050% due 11/01/2034  | 4700 | 4637 |
| **Pacific Gas & Electric Co.**  |  |  |
| 3.300% due 12/01/2027  | 2800 | 2741 |
| 3.750% due 07/01/2028  | 1800 | 1769 |
| 3.950% due 12/01/2047  | 2400 | 1796 |
| 4.300% due 03/15/2045  | 700 | 562 |
| 4.500% due 07/01/2040  | 1800 | 1567 |
| 4.550% due 07/01/2030  | 3400 | 3378 |
| 5.250% due 03/01/2052  | 2000 | 1781 |
| 6.700% due 04/01/2053  | 5000 | 5353 |
| **PacifiCorp** <br>4.150% due 02/15/2050 | 1800 | 1403 |
| **Puget Energy, Inc.** <br>5.725% due 03/15/2035 | 2500 | 2583 |
| **Southern California Edison Co.**  |  |  |
| 4.000% due 04/01/2047  | 3700 | 2803 |
| 4.650% due 10/01/2043  | 200 | 171 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Toledo** **Edison Co.** <br>2.650% due 05/01/2028 | 4584 | 4353 |
|  |  | 68637 |
| Total Corporate Bonds & Notes (Cost $754,943) |  | 761651 |
| **MUNICIPAL BONDS & NOTES 0.7%**  |  |  |
| **CALIFORNIA 0.3%**  |  |  |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021**  |  |  |
| 3.714% due 06/01/2041  | 1200 | 943 |
| 3.850% due 06/01/2050  | 2860 | 2607 |
| **Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021** <br>2.587% due 06/01/2029 | 2515 | 2353 |
|  |  | 5903 |
| **ILLINOIS 0.1%**  |  |  |
| **Illinois State General Obligation Bonds, (BABs), Series 2010** <br>7.350% due 07/01/2035 | 782 | 853 |
| **WEST VIRGINIA 0.3%**  |  |  |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2020** <br>4.875% due 06/01/2049 | 6025 | 5498 |
| Total Municipal Bonds & Notes (Cost $12,741) |  | 12254 |
| **U.S. GOVERNMENT AGENCIES 52.3%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 4.000% due 09/01/2048 | 203 | 195 |
| 4.500% due 06/01/2053 - 10/01/2053 | 7996 | 7784 |
| 5.000% due 07/01/2053 - 01/01/2054 | 71375 | 71100 |
| 5.500% due 10/01/2053 - 01/01/2054 | 1745 | 1764 |
| 6.500% due 01/01/2038 | 11 | 12 |
| **Federal National Mortgage Association**  |  |  |
| 4.500% due 08/01/2039 - 07/01/2053 | 19344 | 18851 |
| 5.000% due 11/01/2053 | 19028 | 18944 |
| 5.500% due 11/01/2053 | 2515 | 2544 |
| 6.500% due 02/01/2054 | 9796 | 10154 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.500% due 11/01/2055 | 77400 | 66651 |
| 6.000% due 10/01/2055 | 102000 | 103751 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.500% due 10/01/2055 - 11/01/2055 | 106384 | 103151 |
| 5.000% due 11/01/2055 | 80000 | 79295 |
| 5.500% due 11/01/2055 | 201300 | 202840 |
| 6.000% due 11/01/2055 | 201000 | 205316 |
| 6.500% due 11/01/2055 | 47000 | 48604 |
| Total U.S. Government Agencies (Cost $940,445) |  | 940956 |
| **U.S. TREASURY OBLIGATIONS 20.6%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.625% due 02/15/2055 | 30000 | 29498 |
| 4.750% due 08/15/2055 | 46900 | 47069 |
| **U.S. Treasury Inflation Protected Securities (c)** |  |  |
| 0.500% due 01/15/2028 (j)(l) | 65480 | 64733 |
| 1.750% due 01/15/2034  | 127262 | 127909 |
| 2.125% due 01/15/2035  | 98572 | 101509 |
| Total U.S. Treasury Obligations (Cost $362,203) |  | 370718 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 5.2%**  |  |  |
| **AG Trust** <br>6.166% due 07/15/2041 •  | 4181 | 4202 |
| **Angel Oak Mortgage Trust** <br>1.581% due 09/25/2066 ~ | 1805 | 1538 |
| **Atrium Hotel Portfolio Trust** <br>5.378% due 12/15/2036 •  | 1587 | 1563 |
| **Banc of America Funding Trust** <br>4.971% due 01/20/2047 ~ | 14 | 12 |
| **Bank5**  |  |  |
| 5.769% due 06/15/2057  | 2835 | 2961 |
| 5.788% due 06/15/2057  | 5700 | 5946 |
| **Bear Stearns ALT-A Trust** <br>4.511% due 02/25/2036 ~ | 212 | 150 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.000% due 05/25/2034 ~  | 6 | 5 |
| 5.862% due 10/25/2033 ~  | 4 | 4 |
| **Benchmark Mortgage Trust** <br>6.363% due 07/15/2056 ~ | 6500 | 6818 |
| **BMO Mortgage Trust**  |  |  |
| 5.462% due 02/15/2057  | 3500 | 3603 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.857% due 02/15/2057  | 2250 | 2358 |
| **BSST Mortgage Trust** <br>5.451% due 02/15/2037 •  | 300 | 265 |
| **BX Commercial Mortgage Trust**  |  |  |
| 5.140% due 01/17/2039 •  | 5000 | 4999 |
| 5.185% due 12/15/2038 •  | 3255 | 3254 |
| **CHL Mortgage Pass-Through Trust** <br>4.912% due 03/25/2035 •  | 40 | 38 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 6.000% due 09/25/2035 •  | 17 | 18 |
| 6.190% due 09/25/2035 •  | 7 | 7 |
| **COMM Mortgage Trust** <br>5.565% due 12/15/2038 •  | 7974 | 7871 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.672% due 05/25/2036 •  | 25 | 21 |
| 6.000% due 08/25/2034  | 1800 | 1861 |
| **CSMC Trust**  |  |  |
| 3.869% due 02/25/2061 ~  | 1989 | 1980 |
| 4.209% due 07/27/2061 ~  | 3824 | 3809 |
| 4.991% due 08/25/2067 ~  | 1177 | 1174 |
| **DC Commercial Mortgage Trust** <br>6.314% due 09/12/2040 | 1100 | 1140 |
| **DSLA Mortgage Loan Trust**  |  |  |
| 4.988% due 08/19/2045 •  | 259 | 232 |
| 5.104% due 07/19/2044 ~  | 142 | 135 |
| **Eurosail-U.K. PLC** <br>5.055% due 06/13/2045 •  | 323 | 435 |
| **GreenPoint MTA Trust** <br>4.732% due 06/25/2045 •  | $569 | 452 |
| **GS Mortgage Securities Corp. Trust** <br>5.397% due 07/15/2035 •  | 1298 | 883 |
| **GSR Mortgage Loan Trust**  |  |  |
| 5.191% due 09/25/2035 ~  | 31 | 29 |
| 5.880% due 03/25/2033 •  | 2 | 2 |
| 6.363% due 09/25/2035 ~  | 5 | 5 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.628% due 01/19/2038 •  | 58 | 52 |
| 4.930% due 06/20/2035 •  | 95 | 91 |
| **HomeBanc Mortgage Trust** <br>4.792% due 01/25/2036 •  | 112 | 110 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 4.997% due 04/15/2037 •  | 976 | 963 |
| 5.614% due 12/15/2036 •  | 100 | 50 |
| **JP Morgan Mortgage Trust**  |  |  |
| 5.583% due 02/25/2035 ~  | 3 | 3 |
| 5.945% due 11/25/2033 ~  | 3 | 3 |
| 6.262% due 07/25/2035 ~  | 45 | 45 |
| **Legacy Mortgage Asset Trust** <br>5.892% due 10/25/2066 þ | 2085 | 2087 |
| **LUX** <br>6.841% due 08/15/2040 •  | 4500 | 4559 |
| **MFA Trust**  |  |  |
| 1.381% due 04/25/2065 ~  | 469 | 460 |
| 1.947% due 04/25/2065 ~  | 477 | 468 |
| **Morgan Stanley Capital I Trust** <br>2.509% due 04/05/2042 ~ | 5000 | 4420 |
| **Morgan Stanley Mortgage Loan Trust** <br>5.010% due 08/25/2034 ~ | 106 | 102 |
| **Natixis Commercial Mortgage Securities Trust** <br>5.365% due 08/15/2038 •  | 1114 | 1072 |
| **OBX Trust** <br>6.567% due 06/25/2063 þ | 1509 | 1521 |
| **OPEN Trust** <br>7.239% due 11/15/2040 •  | 728 | 730 |
| **RALI Trust** <br>4.692% due 04/25/2046 •  | 700 | 174 |
| **RCKT Mortgage Trust**  |  |  |
| 5.582% due 12/25/2044 þ  | 2065 | 2089 |
| 6.808% due 09/25/2043 ~  | 514 | 520 |
| **SMRT Commercial Mortgage Trust** <br>5.151% due 01/15/2039 •  | 2900 | 2897 |
| **Structured Adjustable Rate Mortgage Loan Trust** <br>6.336% due 02/25/2034 ~ | 7 | 7 |
| **Structured Asset Mortgage Investments II Trust** <br>4.892% due 09/25/2045 •  | 155 | 146 |
| **Towd Point Mortgage Trust** <br>5.272% due 10/25/2059 •  | 2009 | 2012 |
| **Verus Securitization Trust** <br>6.665% due 09/25/2068 þ | 5939 | 6012 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.892% due 01/25/2045 •  | 14 | 14 |
| 5.012% due 11/25/2034 •  | 239 | 232 |
| 5.153% due 02/25/2046 •  | 209 | 192 |
| **Warwick Finance Residential Mortgages Number Three PLC** <br>4.937% due 12/21/2049 •  | 313 | 422 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Wells** **Fargo Commercial Mortgage Trust** <br>3.862% due 12/15/2039 | $2600 | 2507 |
| **Wells Fargo Mortgage-Backed Securities Trust** <br>6.241% due 10/25/2037 ~ | 1144 | 1126 |
| Total Non-Agency Mortgage-Backed Securities (Cost $92,834) |  | 92856 |
| **ASSET-BACKED SECURITIES 11.2%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.3%**  |  |  |
| **Santander Drive Auto Receivables Trust**  |  |  |
| 5.980% due 04/16/2029  | 2300 | 2339 |
| 6.400% due 03/17/2031  | 2300 | 2379 |
|  |  | 4718 |
| **AUTOMOBILE SEQUENTIAL 0.6%**  |  |  |
| **Avis Budget Rental Car Funding AESOP LLC** <br>6.020% due 02/20/2030 | 7500 | 7885 |
| **Octane Receivables Trust** <br>6.440% due 03/20/2029 | 1374 | 1383 |
| **Santander Drive Auto Receivables Trust** <br>5.930% due 07/17/2028 | 1408 | 1414 |
|  |  | 10682 |
| **CMBS OTHER 0.4%**  |  |  |
| **ACREC Ltd.** <br>5.400% due 10/16/2036 •  | 645 | 645 |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.615% due 11/15/2036 •  | 3888 | 3898 |
| **Starwood Ltd.** <br>5.450% due 04/18/2038 •  | 3493 | 3504 |
|  |  | 8047 |
| **HOME EQUITY OTHER 1.1%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust** <br>5.052% due 04/25/2034 •  | 188 | 179 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 5.187% due 01/25/2035 •  | 837 | 857 |
| 5.292% due 01/25/2035 •  | 1269 | 1249 |
| **Centex Home Equity Loan Trust** <br>5.232% due 10/25/2035 •  | 2190 | 2193 |
| **GSAMP Trust** <br>5.052% due 07/25/2045 •  | 304 | 305 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.512% due 02/25/2037 •  | 132 | 37 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>5.522% due 07/25/2037 •  | 7000 | 6160 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.992% due 01/25/2036 •  | 1051 | 1043 |
| 5.232% due 08/25/2035 •  | 1840 | 1830 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>5.052% due 02/25/2034 •  | 4710 | 4917 |
| **Structured Asset Investment Loan Trust** <br>4.977% due 03/25/2034 •  | 943 | 990 |
|  |  | 19760 |
| **HOME EQUITY SEQUENTIAL 0.0%**  |  |  |
| **Morgan Stanley Mortgage Loan Trust** <br>4.992% due 04/25/2037 •  | 84 | 22 |
| **MANUFACTURING HOUSE SEQUENTIAL 0.0%**  |  |  |
| **Conseco Finance Corp.** <br>6.530% due 02/01/2031 ~ | 532 | 482 |
| **OTHER ABS 8.8%**  |  |  |
| **AASET MT-1 Ltd.** <br>5.522% due 02/16/2050 | 4910 | 4971 |
| **AASET Trust** <br>2.798% due 01/15/2047 | 4306 | 4063 |
| **APL Finance DAC** <br>7.000% due 07/21/2031 | 314 | 315 |
| **Atlas Senior Loan Fund XII Ltd.** <br>5.760% due 10/24/2031 •  | 1197 | 1198 |
| **Aurium CLO III DAC** <br>2.922% due 04/16/2030 •  | 2611 | 3069 |
| **Birch Grove CLO Ltd.** <br>5.870% due 07/17/2037 •  | $6200 | 6231 |
| **BlueMountain EUR CLO DAC** <br>2.856% due 04/15/2034 •  | 6000 | 7043 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **BlueMountain** **Fuji EUR CLO V DAC** <br>2.936% due 01/15/2033 •  | 7340 | 8626 |
| **BNPP AM Euro CLO DAC** <br>2.626% due 04/15/2031 •  | 1797 | 2109 |
| **Cairn CLO VII DAC** <br>2.696% due 01/31/2030 •  | 3555 | 4175 |
| **CARS-DB7 LP** <br>5.750% due 09/15/2053 | $6563 | 6618 |
| **CVC Cordatus Loan Fund VII DAC** <br>2.644% due 09/15/2031 •  | 2549 | 2989 |
| **DataBank Issuer II LLC** <br>5.180% due 09/27/2055 | $3000 | 3009 |
| **Domino's Pizza Master Issuer LLC** <br>5.217% due 07/25/2055 | 11500 | 11629 |
| **ECAF I Ltd.**  |  |  |
| 3.473% due 06/15/2040  | 51 | 44 |
| 4.947% due 06/15/2040  | 148 | 134 |
| **ECMC Group Student Loan Trust** <br>5.221% due 02/27/2068 •  | 3749 | 3736 |
| **Gallatin CLO VIII Ltd.** <br>5.669% due 07/15/2031 •  | 5981 | 5988 |
| **Harvest CLO XVI DAC** <br>2.666% due 10/15/2031 •  | 3757 | 4415 |
| **Home Partners of America Trust** <br>2.200% due 01/17/2041 | $2230 | 2074 |
| **MACH 1 Cayman Ltd.** <br>3.474% due 10/15/2039 | 418 | 413 |
| **Man GLG Euro CLO V DAC** <br>2.704% due 12/15/2031 •  | 2174 | 2555 |
| **METAL LLC** <br>4.581% due 10/15/2042 | $1493 | 1008 |
| **Mountain View CLO XIV Ltd.** <br>6.813% due 10/15/2034 •  | 3300 | 3305 |
| **Navient Private Education Refi Loan Trust** <br>2.600% due 08/15/2068 | 1510 | 1461 |
| **Nelnet Student Loan Trust** <br>0.000% due 06/22/2065 •  | 2820 | 2824 |
| **OCP Euro CLO DAC** <br>3.300% due 10/20/2039 •  | 6300 | 7419 |
| **OZLM VI Ltd.** <br>5.452% due 04/17/2031 •  | $6830 | 6834 |
| **Pagaya AI Debt Trust**  |  |  |
| 5.373% due 01/17/2033  | 700 | 706 |
| 6.660% due 07/15/2031  | 295 | 297 |
| **Palmer Square European Loan Funding DAC** <br>2.746% due 10/15/2031 •  | 1569 | 1843 |
| **Progress Residential Trust** <br>2.393% due 12/17/2040 | $1750 | 1659 |
| **QTS Issuer ABS II LLC** <br>5.044% due 10/05/2055 | 2500 | 2514 |
| **Slam Ltd.** <br>5.807% due 05/15/2050 | 7055 | 7253 |
| **SMB Private Education Loan Trust** <br>6.172% due 10/16/2056 •  | 1448 | 1479 |
| **Stonepeak ABS** <br>2.301% due 02/28/2033 | 538 | 520 |
| **Symphony CLO XXIX Ltd.** <br>5.433% due 10/15/2035 •  | 18800 | 18875 |
| **Symphony CLO XXXII Ltd.** <br>5.419% due 10/23/2035 •  | 6600 | 6627 |
| **Tikehau CLO V DAC** <br>3.253% due 10/15/2038 •  | 2750 | 3225 |
| **Toro European CLO 6 DAC** <br>2.921% due 01/12/2032 •  | 2170 | 2551 |
| **VB-S1 Issuer LLC** <br>3.706% due 02/15/2057 | $2000 | 1842 |
| **Wave LLC** <br>3.597% due 09/15/2044 | 1194 | 1155 |
|  |  | 158801 |
| Total Asset-Backed Securities (Cost $202,236) |  | 202512 |
| **SOVEREIGN ISSUES 6.4%**  |  |  |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | 23100 | 23465 |
| **Mexico Government International Bonds**  |  |  |
| 6.875% due 05/13/2037  | 4000 | 4324 |
| 7.375% due 05/13/2055  | 1700 | 1871 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 14900 | 4157 |
| 6.150% due 08/12/2032  | 3000 | 916 |
| 6.850% due 08/12/2035  | 98600 | 30035 |
| **Province of Ontario**  |  |  |
| 3.650% due 06/02/2033  | 100 | 73 |
| 3.800% due 12/02/2034  | 15200 | 11071 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Province** **of Quebec**  |  |  |
| 3.600% due 09/01/2033  | 600 | 437 |
| 4.450% due 09/01/2034  | 7000 | 5361 |
| **Republic of South Africa Government Bonds** <br>8.875% due 02/28/2035 | 606300 | 34491 |
| Total Sovereign Issues (Cost $109,384) |  | 116201 |
|  | SHARES |  |
| **PREFERRED SECURITIES 1.4%**  |  |  |
| **BANKING & FINANCE 1.4%**  |  |  |
| **Capital Farm Credit ACA**<br>5.000% due 03/15/2026 •(d) | 4700000 | 4667 |
| **Charles Schwab Corp.**  |  |  |
| 4.000% due 12/01/2030 •(d) | 5000000 | 4703 |
| 5.000% due 12/01/2027 •(d) | 5000000 | 4923 |
| **CoBank ACB**  |  |  |
| 4.250% due 01/01/2027 •(d) | 2000000 | 1947 |
| 6.450% due 10/01/2027 •(d) | 5500000 | 5550 |
| **Farm Credit Bank of Texas**<br>7.750% due 06/15/2029 •(d) | 2700000 | 2835 |
| **MetLife Capital Trust IV**<br>7.875% due 12/15/2067 | 600000 | 672 |
| Total Preferred Securities (Cost $25,420) |  | 25297 |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 4.200% (f) | 549503 | 550 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **U.S. TREASURY BILLS 0.1%**  |  |  |
| 4.073% due 10/02/2025 - 01/27/2026 (a)(b) | $2086 | 2073 |
| Total Short-Term Instruments (Cost $2,622) |  | 2623 |
| Total Investments in Securities (Cost $2,506,548) |  | 2528798 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 4.5%**  |  |  |
| **SHORT-TERM INSTRUMENTS 4.5%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.5%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 8241040 | 80259 |
| Total Short-Term Instruments (Cost $80,254) |  | 80259 |
| Total Investments in Affiliates (Cost $80,254) |  | 80259 |
| Total Investments 144.9% (Cost $2,586,802) |  | $2609057 |
| **Financial Derivative Instruments (i)(k) 0.1**%(Cost or Premiums, net $(2979)) |  | 1000 |
| Other Assets and Liabilities, net (45.0)% |  | (809910) |
| Net Assets 100.0% |  | $1800147 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(b)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(c)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(d)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(e)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(f)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(g)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Coupon | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Deloitte LLP | Deloitte LLP | 5.690 | 01/30/2037 | 10/30/2024 | 10/30/2024 | 700 | 700 | 716 | 716 | 716 | 0.04% |
| Deloitte LLP | Deloitte LLP | 5.790 | 01/30/2040 | 10/30/2024 | 10/30/2024 | 1200 | 1200 | 1221 | 1221 | 1221 | 0.07 |
| Morgan Stanley | Morgan Stanley | 0.000 | 04/02/2032 | 02/11/2020 | 02/11/2020 | 6287 | 6287 | 5057 | 5057 | 5057 | 0.28 |
|  |  |  |  |  |  | 8187 | 8187 | 6994 | 6994 | 6994 | 0.39%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BPS | BPS | 3.500%  | 09/19/2025 | 09/19/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (3196) | (3196) | $(3200) | (3200) | (3200) |
| BRC | BRC | 4.050  | 09/19/2025 | 09/19/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (9031) | (9031) | (9043) | (9043) | (9043) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  | $**(12243)** | **(12243)** | **(12243)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales | Payable for<br>Short Sales |
| U.S. Government Agencies (2.4)% | U.S. Government Agencies (2.4)% | U.S. Government Agencies (2.4)% | U.S. Government Agencies (2.4)% | U.S. Government Agencies (2.4)% | U.S. Government Agencies (2.4)% | U.S. Government Agencies (2.4)% | U.S. Government Agencies (2.4)% | U.S. Government Agencies (2.4)% | U.S. Government Agencies (2.4)% | U.S. Government Agencies (2.4)% | U.S. Government Agencies (2.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 11/01/2055 | $ | 48000 | $(44016) | (44016) | $ | $(43847) |
| **Total Short Sales (2.4)%** | **Total Short Sales (2.4)%** | **Total Short Sales (2.4)%** | **Total Short Sales (2.4)%** | **Total Short Sales (2.4)%** |  |  |  | $**(44016)** | **(44016)** | **$** | $**(43847)** |
| **(h)** | **Securities with an aggregate market value of $12,548 and cash of $100 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $12,548 and cash of $100 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $12,548 and cash of $100 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $12,548 and cash of $100 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $12,548 and cash of $100 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $12,548 and cash of $100 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $12,548 and cash of $100 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $12,548 and cash of $100 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $12,548 and cash of $100 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $12,548 and cash of $100 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $12,548 and cash of $100 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(28186) at a weighted average interest rate of 4.356%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(28186) at a weighted average interest rate of 4.356%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(28186) at a weighted average interest rate of 4.356%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(28186) at a weighted average interest rate of 4.356%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(28186) at a weighted average interest rate of 4.356%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(28186) at a weighted average interest rate of 4.356%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(28186) at a weighted average interest rate of 4.356%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(28186) at a weighted average interest rate of 4.356%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(28186) at a weighted average interest rate of 4.356%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(28186) at a weighted average interest rate of 4.356%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(28186) at a weighted average interest rate of 4.356%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(2)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(i)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset |  |  | Liability |
| Canada Government 10-Year Bond December Futures  | 12/2025 | 1030 | $90633 | 90633 | $1880 | 1880 | 1880 | 407 | $ | $ | 0 |
| Long Guilt December Futures  | 12/2025 | 412 | 50334 | 50334 | 83 | 83 | 83 | 216 |  |  | (28) |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) September 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| U.S. Treasury 2-Year Note December Futures  | U.S. Treasury 2-Year Note December Futures  | U.S. Treasury 2-Year Note December Futures  | U.S. Treasury 2-Year Note December Futures  | U.S. Treasury 2-Year Note December Futures  | U.S. Treasury 2-Year Note December Futures  | U.S. Treasury 2-Year Note December Futures  | U.S. Treasury 2-Year Note December Futures  | U.S. Treasury 2-Year Note December Futures  | 12/2025 | 12/2025 | 856 | 178389 | 89 | 89 | 89 | 94 | 94 | 94 |  | 0 |
| U.S. Treasury 10-Year Note December Futures  | U.S. Treasury 10-Year Note December Futures  | U.S. Treasury 10-Year Note December Futures  | U.S. Treasury 10-Year Note December Futures  | U.S. Treasury 10-Year Note December Futures  | U.S. Treasury 10-Year Note December Futures  | U.S. Treasury 10-Year Note December Futures  | U.S. Treasury 10-Year Note December Futures  | U.S. Treasury 10-Year Note December Futures  | 12/2025 | 12/2025 | 1673 | 188213 | 944 | 944 | 944 | 0 | 0 | 0 |  | (26) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $2996 | 2996 | 2996 | $717 | 717 | 717 | $ | (54) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description | Description |  |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | 12/2025 | 12/2025 | 3766 | (433384) | $(4554) | (4554) | (4554) | $235 | 235 | 235 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | $**(1558)** | **(1558)** | **(1558)** | $**952** | **952** | **952** | **$** | **(54)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>September 30, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>September 30, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>September 30, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>September 30, 2025<sup>(2)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> |  | Asset | Asset | Liability |
| ZF Europe Finance BV  | ZF Europe Finance BV  | ZF Europe Finance BV  | 5.000% | Quarterly | 12/20/2029 | 12/20/2029 | 3.496 | 3.496 | % | % | 100 | 7 | 0 | $ | 7 | 7 | $ | 0 | 0 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500% | Annual | Annual | 12/18/2025 | 12/18/2025 | $ | 175700 | $130 | 1374 | 1374 | $1504 | 1504 | 1504 | $3 | 3 | $0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.264 | Annual | Annual | 06/30/2031 | 06/30/2031 |  | 58500 | 0 | 656 | 656 | 656 | 656 | 656 | 0 | 0 | (21) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.266 | Annual | Annual | 06/30/2031 | 06/30/2031 |  | 194300 | 0 | 2155 | 2155 | 2155 | 2155 | 2155 | 0 | 0 | (69) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | Annual | 08/07/2034 | 08/07/2034 |  | 10000 | (55) | (27) | (27) | (82) | (82) | (82) | 0 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.613 | Annual | Annual | 08/22/2034 | 08/22/2034 |  | 5700 | (20) | 18 | 18 | (2) | (2) | (2) | 0 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.555 | Annual | Annual | 08/28/2034 | 08/28/2034 |  | 5700 | (21) | 44 | 44 | 23 | 23 | 23 | 0 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.565 | Annual | Annual | 08/28/2034 | 08/28/2034 |  | 5700 | (21) | 39 | 39 | 18 | 18 | 18 | 0 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.599 | Annual | Annual | 08/28/2034 | 08/28/2034 |  | 5700 | (21) | 24 | 24 | 3 | 3 | 3 | 0 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.605 | Annual | Annual | 08/28/2034 | 08/28/2034 |  | 4000 | (16) | 17 | 17 | 1 | 1 | 1 | 0 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.643 | Annual | Annual | 08/28/2034 | 08/28/2034 |  | 5700 | (21) | 5 | 5 | (16) | (16) | (16) | 0 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.514 | Annual | Annual | 09/04/2034 | 09/04/2034 |  | 5700 | (22) | 62 | 62 | 40 | 40 | 40 | 0 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.525 | Annual | Annual | 09/04/2034 | 09/04/2034 |  | 5700 | (21) | 57 | 57 | 36 | 36 | 36 | 0 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.232 | Annual | Annual | 09/10/2034 | 09/10/2034 |  | 2850 | (14) | 96 | 96 | 82 | 82 | 82 | 0 | 0 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.240 | Annual | Annual | 09/16/2034 | 09/16/2034 |  | 5100 | (23) | 166 | 166 | 143 | 143 | 143 | 0 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.278 | Annual | Annual | 09/16/2034 | 09/16/2034 |  | 10100 | (44) | 298 | 298 | 254 | 254 | 254 | 0 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/18/2034 | 12/18/2034 |  | 11500 | 38 | (100) | (100) | (62) | (62) | (62) | 0 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.012 | Annual | Annual | 02/14/2035 | 02/14/2035 |  | 90700 | 40 | (2623) | (2623) | (2583) | (2583) | (2583) | 0 | 0 | (10) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | Annual | 05/15/2035 | 05/15/2035 |  | 131543 | (2318) | 1493 | 1493 | (825) | (825) | (825) | 0 | 0 | (6) |
| Receive | Receive | CAONREPO | CAONREPO | CAONREPO | 3.500 | Semi-Annual | Semi-Annual | 06/01/2032 | 06/01/2032 | CAD | 76900 | (577) | (2445) | (2445) | (3022) | (3022) | (3022) | 0 | 0 | (146) |
| Receive | Receive | CAONREPO | CAONREPO | CAONREPO | 2.850 | Semi-Annual | Semi-Annual | 06/01/2033 | 06/01/2033 |  | 400 | 0 | (3) | (3) | (3) | (3) | (3) | 0 | 0 | (1) |
| Receive | Receive | CAONREPO | CAONREPO | CAONREPO | 2.900 | Semi-Annual | Semi-Annual | 06/01/2033 | 06/01/2033 |  | 300 | 0 | (3) | (3) | (3) | (3) | (3) | 0 | 0 | (1) |
| Receive | Receive | CAONREPO | CAONREPO | CAONREPO | 2.740 | Semi-Annual | Semi-Annual | 06/01/2034 | 06/01/2034 |  | 7100 | 0 | 21 | 21 | 21 | 21 | 21 | 0 | 0 | (15) |
|  |  |  |  |  |  |  |  |  |  |  |  | (2986) | 1324 | $ | (1662) | (1662) | $ | 3 | 3 | (281) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **(2979)** | **1324** | **$** | **(1655)** | **(1655)** | **$** | **3** | **3** | **(281)** |
| **(j)** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $39,060 and cash of $4,166 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** |
| <sup>(1)</sup> | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) September 30, 2025 (Unaudited)

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|:---|:---|:---|:---|:---|:---|:---|
| <sup>(</sup><sup>2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(k)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp; AZD | 10/2025  | 19578 | $12666 | $0 | $(289) |
|  |  | 10/2025  | 37565 | 43814 | 0 | (289) |
|  |  | 10/2025  | $3818 | 5813 | 29 | 0 |
|  |  | 10/2025  | 32935 | 45820 | 0 | (10) |
|  |  | 11/2025  | 5813 | $3819 | 0 | (29) |
|  |  | 11/2025  | 45747 | 32935 | 10 | 0 |
| &nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp; BOA | 10/2025  | $651 | 2189 | 10 | 0 |
|  |  | 10/2025  | 1913 | 169235 | 0 | (9) |
|  |  | 10/2025  | 823 | 1139219 | 0 | (10) |
|  |  | 10/2025  | 809 | 1406 | 6 | 0 |
|  |  | 10/2025  | 286 | 1031 | 0 | (3) |
|  |  | 11/2025  | 1406 | $810 | 0 | (6) |
|  |  | 11/2025  | $269 | 898 | 3 | 0 |
|  |  | 11/2025  | 8330 | $477 | 0 | (4) |
| &nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp; BPS | 10/2025  | 9411 | 1769 | 1 | 0 |
|  |  | 10/2025  | 19305 | 2711 | 1 | 0 |
|  |  | 10/2025  | 57682649 | 3492 | 35 | (4) |
|  |  | 10/2025  | 94013 | 1067 | 9 | 0 |
|  |  | 10/2025  | 174899 | 5824 | 85 | (7) |
|  |  | 10/2025  | $1720 | 9411 | 48 | 0 |
|  |  | 10/2025  | 4391 | 72505004 | 0 | (41) |
|  |  | 10/2025  | 4046 | 5592399 | 0 | (58) |
|  |  | 10/2025  | 6399 | 23274 | 6 | (3) |
|  |  | 11/2025  | 11363730 | $680 | 0 | (2) |
|  |  | 11/2025  | 68537 | 770 | 0 | (1) |
|  |  | 11/2025  | 588763 | 420 | 0 | 0 |
|  |  | 11/2025  | $801 | 2691 | 12 | 0 |
|  |  | 12/2025  | 20113 | $670 | 7 | 0 |
|  |  | 12/2025  | $615 | 10344424 | 5 | 0 |
|  |  | 12/2025  | 160 | 2968 | 1 | 0 |
| &nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp; BRC | 10/2025  | 3376 | $4230 | 0 | (11) |
|  |  | 10/2025  | 439686 | 27 | 0 | 0 |
|  |  | 10/2025  | $4464 | 3580 | 33 | 0 |
|  |  | 10/2025  | 7 | 67 | 0 | 0 |
|  |  | 10/2025  | 450 | 1645 | 3 | 0 |
|  |  | 10/2025  | 120 | 5203 | 2 | 0 |
|  |  | 11/2025  | 15740 | $10405 | 0 | (15) |
|  |  | 11/2025  | 67 | 7 | 0 | 0 |
|  |  | 11/2025  | $4230 | 3363 | 11 | 0 |
|  |  | 11/2025  | 23174 | 1009023 | 274 | 0 |
|  |  | 11/2025  | 80673 | $4582 | 0 | (74) |
| &nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp; BSH | 10/2025  | $239 | 412 | 0 | 0 |
|  |  | 11/2025  | 412 | $239 | 0 | 0 |
|  |  | 12/2025  | 6417 | 337 | 0 | (11) |
|  |  | 12/2025  | 78678 | 22086 | 0 | (531) |
| &nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp; CBK | 10/2025  | 988 | 645 | 0 | (9) |
|  |  | 10/2025  | 13388 | 2517 | 2 | 0 |
|  |  | 10/2025  | 53 | 38 | 0 | 0 |
|  |  | 10/2025  | 728 | 102 | 0 | 0 |
|  |  | 10/2025  | 33258240 | 2015 | 23 | (3) |
|  |  | 10/2025  | 115350 | 1299 | 1 | 0 |
|  |  | 10/2025  | 520 | 51 | 0 | (1) |
|  |  | 10/2025  | 14553 | 4164 | 0 | (26) |
|  |  | 10/2025  | 7283 | 5674 | 27 | 0 |
|  |  | 10/2025  | 4261 | 132 | 0 | 0 |
|  |  | 10/2025  | 234999 | 7930 | 208 | 0 |
|  |  | 10/2025  | $2422 | 13388 | 93 | 0 |
|  |  | 10/2025  | 1307 | 21491253 | 0 | (17) |
|  |  | 10/2025  | 7089 | 623233 | 0 | (76) |
|  |  | 10/2025  | 660 | 6585 | 0 | 0 |
|  |  | 10/2025  | 1697 | 16105 | 13 | 0 |
|  |  | 10/2025  | 19672 | 25384 | 7 | 0 |
|  |  | 10/2025  | 2869 | 87318 | 2 | (3) |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 10/2025  | 20011 | $1155 | 0 | (3) |
|  | 11/2025  | 6583 | 660 | 0 | 0 |
|  | 11/2025  | 25319 | 19672 | 0 | (7) |
|  | 11/2025  | $38 | 53 | 0 | 0 |
|  | 11/2025  | 576 | 1931 | 7 | 0 |
|  | 11/2025  | 1299 | 115576 | 0 | (1) |
|  | 12/2025  | 53954 | $1785 | 5 | 0 |
|  | 12/2025  | $636 | 10683209 | 5 | 0 |
|  | 01/2026  | 32712 | $1084 | 2 | 0 |
| &nbsp;&nbsp;&nbsp; DUB | 10/2025  | 41368 | 5818 | 12 | 0 |
|  | 10/2025  | 23159610 | 1413 | 24 | 0 |
|  | 10/2025  | 187372 | 2109 | 1 | 0 |
|  | 10/2025  | 2391294 | 1725 | 19 | 0 |
|  | 10/2025  | $1260 | 4304 | 40 | 0 |
|  | 10/2025  | 4386 | 387843 | 0 | (22) |
|  | 11/2025  | 4302 | $1260 | 0 | (39) |
|  | 11/2025  | 16806 | 189 | 0 | 0 |
|  | 11/2025  | $2109 | 187744 | 0 | (1) |
|  | 11/2025  | 194808 | $11129 | 0 | (112) |
| &nbsp;&nbsp;&nbsp; GLM | 10/2025  | 114859 | 21523 | 0 | (58) |
|  | 10/2025  | 152 | 190 | 0 | (1) |
|  | 10/2025  | 2909 | 409 | 1 | 0 |
|  | 10/2025  | 10644979 | 638 | 0 | 0 |
|  | 10/2025  | 282 | 220 | 1 | 0 |
|  | 10/2025  | $20616 | 114859 | 968 | (3) |
|  | 10/2025  | 1331 | 22006250 | 0 | (11) |
|  | 10/2025  | 1532 | 134428 | 0 | (19) |
|  | 11/2025  | 150 | 501 | 1 | 0 |
|  | 12/2025  | 324203 | $19 | 0 | 0 |
|  | 12/2025  | 1682 | 89 | 0 | (2) |
|  | 12/2025  | $614 | 10258222 | 2 | 0 |
|  | 01/2026  | 21523 | 117338 | 36 | 0 |
| &nbsp;&nbsp;&nbsp; IND | 10/2025  | 987 | $645 | 0 | (8) |
|  | 12/2025  | 22216 | 6218 | 0 | (168) |
| &nbsp;&nbsp;&nbsp; JPM | 10/2025  | 47312 | 34236 | 239 | 0 |
|  | 10/2025  | 46507220 | 2786 | 0 | (5) |
|  | 10/2025  | 4138828 | 2985 | 33 | 0 |
|  | 10/2025  | 1351 | 1051 | 4 | 0 |
|  | 10/2025  | $1373 | 1021 | 1 | 0 |
|  | 10/2025  | 4195 | 69713211 | 4 | (15) |
|  | 10/2025  | 688 | 2311 | 9 | 0 |
|  | 10/2025  | 296 | 1090 | 3 | 0 |
|  | 10/2025  | 341 | 10344 | 0 | (1) |
|  | 11/2025  | 172509 | $9842 | 0 | (113) |
| &nbsp;&nbsp;&nbsp; MBC | 10/2025  | 25 | 18 | 0 | 0 |
|  | 10/2025  | 161 | 202 | 0 | 0 |
|  | 10/2025  | 21051 | 2962 | 7 | 0 |
|  | 10/2025  | 606 | 718 | 7 | 0 |
|  | 10/2025  | 2308775 | 140 | 2 | 0 |
|  | 10/2025  | 6224695 | 4464 | 25 | 0 |
|  | 10/2025  | 19738 | 2059 | 0 | (38) |
|  | 10/2025  | 16168 | 12617 | 83 | 0 |
|  | 10/2025  | 10062 | 312 | 2 | 0 |
|  | 10/2025  | $907 | 714 | 0 | (10) |
|  | 10/2025  | 2099 | 14949 | 0 | 0 |
|  | 10/2025  | 1525 | 1290 | 0 | (10) |
|  | 10/2025  | 3178 | 4436802 | 0 | (13) |
|  | 10/2025  | 7 | 68 | 0 | 0 |
|  | 10/2025  | 590 | 19101 | 0 | 0 |
|  | 11/2025  | 14913 | $2099 | 0 | 0 |
|  | 11/2025  | 68 | 7 | 0 | 0 |
|  | 11/2025  | $1092 | 812 | 1 | 0 |
|  | 11/2025  | 162 | 539 | 1 | 0 |
| &nbsp;&nbsp;&nbsp; MYI | 10/2025  | 21253 | $2987 | 4 | 0 |
|  | 10/2025  | 9339979 | 567 | 7 | 0 |
|  | 10/2025  | 918 | 6 | 0 | 0 |
|  | 10/2025  | $1168 | 1613 | 0 | (9) |
|  | 10/2025  | 0 | 2 | 0 | 0 |
|  | 10/2025  | 2223 | 8046 | 0 | (9) |
|  | 10/2025  | 1444 | 43518 | 0 | (15) |
|  | 11/2025  | 2 | $0 | 0 | 0 |
|  | 11/2025  | $6 | 915 | 0 | 0 |
|  | 12/2025  | 43235 | $1444 | 18 | 0 |
| &nbsp;&nbsp;&nbsp; SCX | 10/2025  | 31621 | 4450 | 12 | 0 |
|  | 10/2025  | 15576464 | 933 | 0 | (2) |
|  | 10/2025  | 135639 | 1526 | 0 | (1) |
|  | 10/2025  | 3208 | 916 | 0 | (7) |
|  | 10/2025  | 280 | 220 | 2 | 0 |
|  | 10/2025  | 138939 | 4689 | 124 | 0 |
|  | 10/2025  | $22733 | 16995 | 124 | 0 |
|  | 10/2025  | 1314 | 21610377 | 0 | (18) |
|  | 10/2025  | 4262 | 376205 | 0 | (28) |
|  | 11/2025  | 16995 | $22737 | 0 | (124) |
|  | 11/2025  | $1337 | 119082 | 1 | 0 |
|  | 11/2025  | 15 | 20 | 0 | 0 |
|  | 12/2025  | 933 | 15615832 | 3 | 0 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; SOG | 10/2025  | 1999 | 1999 | $13 | 13 |  | 0 | 0 |
|  | 10/2025  | 1818 | 1818 | 1059 | 1059 |  | 5 | 0 |
|  | 10/2025  | $43372 | 43372 | 36881 | 36881 |  | 0 | (72) |
|  | 10/2025  | 21 | 21 | 3048 | 3048 |  | 0 | 0 |
|  | 10/2025  | 22 | 22 | 223 | 223 |  | 0 | 0 |
|  | 11/2025  | 36881 | 36881 | $43459 | 43459 |  | 72 | 0 |
|  | 11/2025  | 223 | 223 | 22 | 22 |  | 0 | 0 |
|  | 11/2025  | $13 | 13 | 1992 | 1992 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp; SSB | 10/2025  | 18016 | 18016 | $24284 | 24284 |  | 54 | 0 |
|  | 11/2025  | $759 | 759 | 604 | 604 |  | 2 | 0 |
| &nbsp;&nbsp;&nbsp; UAG | 10/2025  | 43 | 43 | $31 | 31 |  | 0 | 0 |
|  | 10/2025  | 9237 | 9237 | 2769 | 2769 |  | 0 | (20) |
|  | 10/2025  | 6425 | 6425 | 631 | 631 |  | 0 | (12) |
|  | 10/2025  | $126 | 126 | 432 | 432 |  | 4 | 0 |
|  | 10/2025  | 115 | 115 | 10159 | 10159 |  | 0 | (1) |
|  | 10/2025  | 2355 | 2355 | 8544 | 8544 |  | 0 | (5) |
|  | 10/2025  | 590 | 590 | 19094 | 19094 |  | 0 | 0 |
|  | 10/2025  | 1158 | 1158 | 20010 | 20010 |  | 0 | 0 |
|  | 10/2025  | 20019 | 20019 | $1158 | 1158 |  | 0 | 0 |
|  | 11/2025  | 432 | 432 | 126 | 126 |  | 0 | (4) |
|  | 11/2025  | 87752 | 87752 | 4978 | 4978 |  | 0 | (86) |
|  | 12/2025  | $2521 | 2521 | 47495 | 47495 |  | 51 | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | $**2995** | $**(2615)** |
| **Securities with an aggregate market value of $1,348 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $1,348 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $1,348 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $1,348 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $1,348 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $1,348 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $1,348 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $1,348 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $1,348 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Fair Value<br>at 09/30/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | $3730 | 3730 | $0 | 3730 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 517763 | 517763 | 1937 | 519700 |
| Industrials | Industrials | Industrials | 0 | 0 | 173314 | 173314 | 0 | 173314 |
| Utilities | Utilities | Utilities | 0 | 0 | 68637 | 68637 | 0 | 68637 |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| California | California | California | 0 | 0 | 5903 | 5903 | 0 | 5903 |
| Illinois | Illinois | Illinois | 0 | 0 | 853 | 853 | 0 | 853 |
| West Virginia | West Virginia | West Virginia | 0 | 0 | 5498 | 5498 | 0 | 5498 |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 940956 | 940956 | 0 | 940956 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 370718 | 370718 | 0 | 370718 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 92856 | 92856 | 0 | 92856 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | 0 | 0 | 4718 | 4718 | 0 | 4718 |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 10682 | 10682 | 0 | 10682 |
| CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 8047 | 8047 | 0 | 8047 |
| Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 19760 | 19760 | 0 | 19760 |
| Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | 0 | 0 | 22 | 22 | 0 | 22 |
| Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | 0 | 0 | 482 | 482 | 0 | 482 |
| Other ABS | Other ABS | Other ABS | 0 | 0 | 158801 | 158801 | 0 | 158801 |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 116201 | 116201 | 0 | 116201 |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 25297 | 25297 | 0 | 25297 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 550 | 550 | 0 | 550 |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 2073 | 2073 | 0 | 2073 |
|  |  |  | $0 | 0 | $2526861 | 2526861 | $1937 | 2528798 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $80259 | 80259 | $0 | 0 | $0 | 80259 |
| Total Investments | Total Investments | Total Investments | $80259 | 80259 | $2526861 | 2526861 | $1937 | 2609057 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | $(43847) | (43847) | $0 | (43847) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 623 | 623 | 332 | 332 | 0 | 955 |
| Over the counter | Over the counter | Over the counter | 0 | 0 | 2995 | 2995 | 0 | 2995 |
|  |  |  | $623 | 623 | $3327 | 3327 | $0 | 3950 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (28) | (28) | (307) | (307) | 0 | (335) |
| Over the counter | Over the counter | Over the counter | 0 | 0 | (2615) | (2615) | 0 | (2615) |
|  |  |  | $(28) | (28) | $(2922) | (2922) | $0 | (2950) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $595 | 595 | $405 | 405 | $0 | 1000 |
| Totals | Totals | Totals | $80854 | 80854 | $2483419 | 2483419 | $1937 | 2566210 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) September 30, 2025 (Unaudited)

**There were no significant transfers into or out of Level 3 during the period ended September 30, 2025.**<br>

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 136.8% ¤** |  |  |
| **CORPORATE BONDS & NOTES 30.2%**  |  |  |
| **BANKING & FINANCE 12.5%**  |  |  |
| **ABN AMRO Bank NV**  |  |  |
| 5.211% (SOFRINDX + 1.000%) due 12/03/2028 ~  | $500 | $501 |
| 6.575% due 10/13/2026 •  | 300 | 300 |
| **American Honda Finance Corp.** <br>4.927% due 03/08/2027 •(e) | 900 | 902 |
| **American Tower Corp.** <br>5.000% due 01/31/2030 | 200 | 205 |
| **Athene Global Funding**  |  |  |
| 5.174% (SOFRINDX + 0.830%) due 01/07/2027 ~  | 800 | 802 |
| 5.363% (SOFRINDX + 1.210%) due 03/25/2027 ~  | 400 | 403 |
| **Avolon Holdings Funding Ltd.** <br>5.500% due 01/15/2026 | 300 | 301 |
| **BPCE SA** <br>6.612% due 10/19/2027 •  | 400 | 409 |
| **Ford Motor Credit Co. LLC** <br>7.147% (SOFRRATE + 2.950%) due 03/06/2026 ~ | 500 | 504 |
| **Mizuho Financial Group, Inc.** <br>5.361% (SOFRRATE + 1.080%) due 05/13/2031 ~(e) | 1000 | 1002 |
| **National Bank of Canada** <br>4.702% due 03/05/2027 •(e) | 700 | 701 |
| **ORIX Corp.** <br>4.650% due 09/10/2029 (e) | 500 | 506 |
| **Societe Generale SA** <br>1.488% due 12/14/2026 •  | 400 | 398 |
|  |  | 6934 |
| **INDUSTRIALS 13.0%**  |  |  |
| **Arrow Electronics, Inc.** <br>5.150% due 08/21/2029 | 300 | 307 |
| **Beignet** <br>6.850% due 06/01/2049 «(a) | 200 | 200 |
| **Berry Global, Inc.**  |  |  |
| 1.570% due 01/15/2026  | 600 | 595 |
| 4.875% due 07/15/2026  | 280 | 280 |
| **BMW U.S. Capital LLC** <br>4.975% (SOFRRATE + 0.710%) due 08/11/2027 ~(e) | 1000 | 1005 |
| **Boeing Co.** <br>2.196% due 02/04/2026 | 300 | 298 |
| **Broadcom, Inc.** <br>3.459% due 09/15/2026 | 900 | 896 |
| **Canadian Natural Resources Ltd.** <br>5.000% due 12/15/2029 | 200 | 205 |
| **HCA, Inc.**  |  |  |
| 5.000% due 03/01/2028  | 100 | 102 |
| 5.250% due 06/15/2026  | 500 | 501 |
| 5.375% due 09/01/2026  | 500 | 502 |
| **Las Vegas Sands Corp.**  |  |  |
| 3.500% due 08/18/2026  | 600 | 595 |
| 5.900% due 06/01/2027  | 500 | 510 |
| **Rogers Communications, Inc.** <br>3.200% due 03/15/2027 | 400 | 394 |
| **South Bow USA Infrastructure Holdings LLC** <br>4.911% due 09/01/2027 | 200 | 202 |
| **Volkswagen Group of America Finance LLC** <br>4.950% due 03/25/2027 | 300 | 303 |
| **Westinghouse Air Brake Technologies Corp.** <br>4.700% due 09/15/2028 | 300 | 304 |
|  |  | 7199 |
| **UTILITIES 4.7%**  |  |  |
| **AES Corp.** <br>1.375% due 01/15/2026 | 1300 | 1288 |
| **Evergy Kansas Central, Inc.** <br>4.700% due 03/13/2028 (e) | 600 | 608 |
| **ONEOK, Inc.** <br>4.400% due 10/15/2029 | 300 | 300 |
| **Pacific Gas & Electric Co.** <br>2.950% due 03/01/2026 | 100 | 99 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Southern** **California Edison Co.** <br>4.700% due 06/01/2027 | 300 | 301 |
|  |  | 2596 |
| Total Corporate Bonds & Notes (Cost $16,698) |  | 16729 |
| **U.S. GOVERNMENT AGENCIES 52.3%**  |  |  |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 1.000% due 09/15/2044 (e) | 1056 | 941 |
| 5.226% due 04/25/2055 •(e) | 654 | 655 |
| 5.250% due 10/25/2055 •  | 500 | 501 |
| 5.256% due 09/25/2054 •(e) | 640 | 642 |
| 5.296% due 11/25/2054 •(e) | 1275 | 1277 |
| 5.306% due 10/25/2054 - 08/25/2055 •  | 1227 | 1230 |
| 5.306% due 04/25/2055 •(e) | 644 | 645 |
| 5.356% due 10/25/2052 - 06/25/2055 •  | 1595 | 1591 |
| 5.356% due 06/25/2055 •(e) | 1896 | 1907 |
| 5.456% due 07/25/2055 •  | 193 | 194 |
| 5.506% due 12/25/2054 - 01/25/2055 •  | 932 | 936 |
| 5.506% due 03/25/2055 •(e) | 749 | 752 |
| 5.556% due 01/25/2055 - 02/25/2055 •  | 541 | 544 |
| 5.606% due 05/25/2054 •  | 325 | 327 |
| 5.606% due 06/25/2055 •(e) | 679 | 683 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 5.256% due 09/25/2054 - 03/25/2055 •(e) | 2031 | 2034 |
| 5.356% due 05/25/2055 •  | 186 | 187 |
| 5.406% due 01/25/2055 •  | 451 | 452 |
| 5.456% due 06/25/2054 - 01/25/2055 •  | 876 | 878 |
| 5.506% due 01/25/2055 •  | 449 | 451 |
| 5.556% due 01/25/2055 •  | 180 | 181 |
| 5.606% due 11/25/2053 •  | 265 | 266 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.700% due 10/20/2037 •  | 14 | 14 |
| 5.146% due 08/20/2061 •  | 1 | 1 |
| 5.289% due 06/20/2055 •  | 595 | 597 |
| 5.339% due 05/20/2055 •  | 198 | 199 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 5.000% due 11/01/2055 | 2000 | 1982 |
| 5.500% due 11/01/2055 | 3200 | 3225 |
| 6.000% due 11/01/2055 | 5600 | 5720 |
| Total U.S. Government Agencies (Cost $29,101) |  | 29012 |
| **U.S. TREASURY OBLIGATIONS 3.0%**  |  |  |
| **U.S. Treasury Inflation Protected Securities (c)** |  |  |
| 0.125% due 07/15/2026  | 1078 | 1075 |
| 0.125% due 10/15/2026  | 236 | 235 |
| 2.125% due 04/15/2029  | 334 | 345 |
| Total U.S. Treasury Obligations (Cost $1,639) |  | 1655 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 16.9%**  |  |  |
| **AG Trust** <br>6.166% due 07/15/2041 •  | 190 | 191 |
| **Banc of America Funding Trust** <br>6.619% due 09/20/2034 ~ | 6 | 6 |
| **Bear Stearns ARM Trust**  |  |  |
| 5.923% due 01/25/2034 ~  | 3 | 3 |
| 6.331% due 04/25/2033 ~  | 6 | 6 |
| 6.341% due 11/25/2034 ~  | 11 | 11 |
| **BWAY Mortgage Trust** <br>5.515% due 09/15/2036 •  | 1000 | 970 |
| **BX Trust** <br>4.964% due 01/15/2034 •  | 128 | 128 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 5.000% due 05/25/2051 •  | 774 | 719 |
| 6.480% due 10/25/2035 •  | 1 | 1 |
| **Credit Suisse First Boston Mortgage Securities Corp.**  |  |  |
| 5.683% due 06/25/2033 ~  | 4 | 4 |
| 6.500% due 04/25/2033  | 9 | 9 |
| **Extended Stay America Trust** <br>5.344% due 07/15/2038 •  | 1096 | 1097 |
| **GCAT Trust**  |  |  |
| 1.348% due 05/25/2066 ~  | 398 | 349 |
| 1.503% due 05/25/2066 ~  | 398 | 351 |
| **Gemgarto PLC** <br>4.871% due 12/16/2067 •  | 90 | 121 |
| **GS Mortgage-Backed Securities Trust**  |  |  |
| 5.000% due 12/25/2051 •  | $373 | 346 |
| 5.000% due 02/25/2052 •  | 1087 | 1009 |
| **GSR Mortgage Loan Trust**  |  |  |
| 5.191% due 09/25/2035 ~  | 1 | 1 |
| 6.224% due 08/25/2033 •  | 3 | 3 |
| **Impac CMB Trust** <br>4.912% due 03/25/2035 •  | 93 | 91 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **JP** **Morgan Chase Commercial Mortgage Securities Trust** <br>5.648% due 12/15/2031 •  | 276 | 275 |
| **JP Morgan Mortgage Trust**  |  |  |
| 5.583% due 02/25/2035 ~  | 1 | 1 |
| 5.882% due 09/25/2034 ~  | 3 | 3 |
| 7.157% due 02/25/2034 ~  | 7 | 7 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Trust**  |  |  |
| 4.745% due 06/15/2030 •  | 2 | 2 |
| 5.137% due 10/20/2029 •  | 2 | 2 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.732% due 04/25/2029 •  | 1 | 1 |
| 5.457% due 02/25/2035 ~  | 38 | 36 |
| **MFA Trust**  |  |  |
| 1.131% due 07/25/2060 ~  | 389 | 357 |
| 1.381% due 04/25/2065 ~  | 47 | 46 |
| 6.105% due 12/25/2068 þ  | 127 | 128 |
| **Morgan Stanley Mortgage Loan Trust** <br>5.573% due 11/25/2034 ~ | 1 | 1 |
| **Morgan Stanley Residential Mortgage Loan Trust** <br>5.000% due 09/25/2051 •  | 147 | 136 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 0.941% due 10/25/2058 ~  | 158 | 152 |
| 3.500% due 12/25/2057 ~  | 380 | 370 |
| **NYO Commercial Mortgage Trust** <br>5.360% due 11/15/2038 •  | 1000 | 997 |
| **OBX Trust** <br>6.520% due 07/25/2063 þ | 228 | 231 |
| **Prime Mortgage Trust** <br>4.672% due 02/25/2034 •  | 1 | 1 |
| **Sequoia Mortgage Trust 10** <br>5.010% due 10/20/2027 •  | 1 | 1 |
| **Sequoia Mortgage Trust 5** <br>4.948% due 10/19/2026 •  | 13 | 13 |
| **Structured Asset Mortgage Investments II Trust** <br>4.828% due 07/19/2034 •  | 7 | 7 |
| **Structured Asset Mortgage Investments Trust**  |  |  |
| 3.905% due 06/25/2029 ~  | 3 | 2 |
| 4.908% due 09/19/2032 •  | 1 | 1 |
| **Thornburg Mortgage Securities Trust**  |  |  |
| 4.912% due 09/25/2043 •  | 2 | 2 |
| 5.693% due 04/25/2045 ~  | 5 | 5 |
| **Towd Point Mortgage Trust**  |  |  |
| 2.710% due 01/25/2060 ~  | 185 | 179 |
| 3.750% due 05/25/2058 ~  | 344 | 339 |
| 5.272% due 05/25/2058 •  | 212 | 217 |
| 5.272% due 10/25/2059 •  | 184 | 184 |
| **Verus Securitization Trust** <br>5.712% due 01/25/2069 þ | 177 | 178 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.812% due 12/25/2045 •  | 50 | 51 |
| 4.852% due 10/25/2045 •  | 8 | 8 |
| 5.012% due 11/25/2034 •  | 19 | 19 |
| 5.072% due 06/25/2044 •  | 8 | 8 |
| 5.553% due 06/25/2042 •  | 2 | 1 |
| Total Non-Agency Mortgage-Backed Securities (Cost $9,766) |  | 9377 |
| **ASSET-BACKED SECURITIES 30.2%**  |  |  |
| **AUTOMOBILE ABS OTHER 1.9%**  |  |  |
| **Cars Alliance Auto Loans Germany V** <br>2.429% due 01/18/2036 •  | 465 | 547 |
| **FACT SA** <br>2.580% due 09/22/2031 •  | 442 | 521 |
|  |  | 1068 |
| **AUTOMOBILE SEQUENTIAL 0.4%**  |  |  |
| **ARI Fleet Lease Trust** <br>4.590% due 03/15/2034 | $200 | 201 |
| **CMBS OTHER 0.9%**  |  |  |
| **BXMT Ltd.** <br>6.157% due 11/15/2037 •  | 363 | 363 |
| **MF1 Ltd.**  |  |  |
| 5.330% due 10/16/2036 •  | 34 | 33 |
| 5.957% due 12/15/2035 •  | 87 | 88 |
|  |  | 484 |
| **HOME EQUITY OTHER 2.8%**  |  |  |
| **Amortizing Residential Collateral Trust** <br>5.272% due 10/25/2034 •  | 93 | 94 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Bear** **Stearns Asset-Backed Securities I Trust** <br>5.397% due 03/25/2035 •  | 127 | 127 |
| **Bear Stearns Asset-Backed Securities Trust** <br>5.072% due 10/27/2032 •  | 2 | 2 |
| **Chase Funding Trust** <br>5.012% due 10/25/2032 •  | 23 | 23 |
| **Countrywide Asset-Backed Certificates Trust** <br>4.489% due 05/25/2036 •  | 93 | 93 |
| **Delta Funding Home Equity Loan Trust** <br>5.085% due 09/15/2029 •  | 3 | 3 |
| **Finance America Mortgage Loan Trust** <br>5.097% due 08/25/2034 •  | 72 | 70 |
| **GSAMP Trust** <br>4.792% due 06/25/2036 •  | 314 | 306 |
| **New Century Home Equity Loan Trust** <br>5.202% due 11/25/2034 •  | 428 | 436 |
| **RAAC Trust** <br>4.822% due 01/25/2046 •  | 194 | 194 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.947% due 01/25/2035 •  | 239 | 222 |
|  |  | 1570 |
| **WHOLE LOAN COLLATERAL 1.2%**  |  |  |
| **First Franklin Mortgage Loan Trust** <br>4.592% due 04/25/2036 •  | 671 | 660 |
| **OTHER ABS 23.0%**  |  |  |
| **37 Capital CLO 1 Ltd.** <br>5.598% due 10/15/2034 •  | 400 | 400 |
| **522 Funding CLO Ltd.** <br>5.627% due 10/20/2031 •  | 160 | 160 |
| **ARES LIX CLO Ltd.** <br>5.610% due 04/25/2034 •  | 400 | 401 |
| **ARES XLIV CLO Ltd.** <br>5.424% due 04/15/2034 •  | 500 | 501 |
| **BlackRock European CLO VII DAC** <br>2.646% due 10/15/2031 •  | 1059 | 1244 |
| **Canyon CLO Ltd.** <br>5.398% due 07/15/2034 •  | $400 | 400 |
| **Carlyle Euro CLO DAC** <br>2.726% due 01/15/2031 •  | 388 | 455 |
| **Carlyle Global Market Strategies Euro CLO Ltd.** <br>2.786% due 11/15/2031 •  | 222 | 260 |
| **Dryden 95 CLO Ltd.** <br>5.244% due 08/20/2034 •  | $400 | 400 |
| **Elevation CLO Ltd.** <br>5.448% due 07/25/2034 •  | 400 | 401 |
| **ELFI Graduate Loan Program LLC** <br>1.530% due 12/26/2046 | 662 | 593 |
| **Harvest CLO XXI DAC** <br>1.040% due 07/15/2031 | 270 | 312 |
| **Invesco CLO Ltd.** <br>5.441% due 07/20/2035 •  | $500 | 502 |
| **KKR CLO 42 Ltd.** <br>5.349% due 07/20/2034 •  | 500 | 500 |
| **LCM 30 Ltd.** <br>5.667% due 04/20/2031 •  | 111 | 112 |
| **Navient Private Education Refi Loan Trust**  |  |  |
| 1.170% due 09/16/2069  | 267 | 250 |
| 1.690% due 05/15/2069  | 485 | 457 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.670% due 06/22/2065  | 500 | 499 |
| 4.840% due 05/17/2055  | 300 | 303 |
| **Octagon 64 Ltd.** <br>5.585% due 07/21/2035 •  | 500 | 502 |
| **Octagon Investment Partners 40 Ltd.** <br>5.365% due 01/20/2035 •  | 400 | 401 |
| **Palmer Square European Loan Funding DAC** <br>3.006% due 01/15/2033 •  | 167 | 196 |
| **Sculptor CLO XXVII Ltd.** <br>5.385% due 07/20/2034 •  | $400 | 400 |
| **SLM Student Loan Trust**  |  |  |
| 5.352% due 04/25/2049 •  | 21 | 21 |
| 6.302% due 01/27/2026 •  | 78 | 78 |
| **SMB Private Education Loan Trust**  |  |  |
| 4.865% due 03/17/2053 •  | 65 | 65 |
| 5.122% due 09/15/2054 •  | 942 | 939 |
| 5.822% due 03/15/2056 •  | 410 | 415 |
| **Toro European CLO 6 DAC** <br>2.921% due 01/12/2032 •  | 434 | 510 |
| **Towd Point Asset Trust** <br>4.950% due 11/20/2061 •  | $100 | 100 |
| **Tralee CLO VI Ltd.** <br>5.538% due 10/25/2032 •  | 260 | 260 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Trinitas** **CLO XVII Ltd.** <br>5.310% due 10/20/2034 •  | 500 | 500 |
| **Voya CLO Ltd.** <br>5.579% due 10/15/2030 •  | 235 | 235 |
|  |  | 12772 |
| Total Asset-Backed Securities (Cost $16,883) |  | 16755 |
| **SOVEREIGN ISSUES 4.1%**  |  |  |
| **Brazil Letras do Tesouro Nacional** <br>0.000% due 04/01/2026 (b) | 7800 | 1369 |
| **Cassa Depositi e Prestiti SpA** <br>5.875% due 04/30/2029 | $300 | 317 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | 600 | 609 |
| Total Sovereign Issues (Cost $2,259) |  | 2295 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **MUTUAL FUNDS 0.1%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 4.200% (d) | 52231 | 52 |
| Total Short-Term Instruments (Cost $52) |  | 52 |
| Total Investments in Securities (Cost $76,398) |  | 75875 |
| **INVESTMENTS IN AFFILIATES 4.0%**  |  |  |
| **SHORT-TERM INSTRUMENTS 4.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.0%**  |  |  |
| **PIMCO Short Asset Portfolio** | 226163 | 2219 |
| **PIMCO Short-Term Floating NAV Portfolio III** | 762 | 7 |
| Total Short-Term Instruments (Cost $2,224) |  | 2226 |
| Total Investments in Affiliates (Cost $2,224) |  | 2226 |
| Total Investments 140.8% (Cost $78,622) |  | $78101 |
| **Financial Derivative Instruments (f)(g) (0.2)**% (Cost or Premiums, net $(254)) |  | (136) |
| Other Assets and Liabilities, net (40.6)% |  | (22499) |
| Net Assets 100.0% |  | $55466 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(c)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(d)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| SBI | SBI | SBI | 4.270%  | 09/19/2025 | 09/19/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (9187) | (9187) | (9187) | $(9200) | (9200) |
| TDM | TDM | TDM | 4.300  | 09/19/2025 | 09/19/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (4501) | (4501) | (4501) | (4505) | (4505) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  | $**(13705)** | **(13705)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount |  | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (16.8)% | U.S. Government Agencies (16.8)% | U.S. Government Agencies (16.8)% | U.S. Government Agencies (16.8)% | U.S. Government Agencies (16.8)% | U.S. Government Agencies (16.8)% | U.S. Government Agencies (16.8)% | U.S. Government Agencies (16.8)% | U.S. Government Agencies (16.8)% | U.S. Government Agencies (16.8)% | U.S. Government Agencies (16.8)% | U.S. Government Agencies (16.8)% | U.S. Government Agencies (16.8)% | U.S. Government Agencies (16.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 11/01/2055 | 11/01/2055 | $ | 9900 | $ | $(9349) | (9349) | $(9329) |
| **Total Short Sales (16.8)%** | **Total Short Sales (16.8)%** | **Total Short Sales (16.8)%** | **Total Short Sales (16.8)%** | **Total Short Sales (16.8)%** | **Total Short Sales (16.8)%** |  |  |  |  | **$** | $**(9349)** | **(9349)** | $**(9329)** |
| **(e)** | **Securities with an aggregate market value of $14,260 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $14,260 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $14,260 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $14,260 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $14,260 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $14,260 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $14,260 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $14,260 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $14,260 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $14,260 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $14,260 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $14,260 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $14,260 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(15503) at a weighted average interest rate of 4.515%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(15503) at a weighted average interest rate of 4.515%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(15503) at a weighted average interest rate of 4.515%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(15503) at a weighted average interest rate of 4.515%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(15503) at a weighted average interest rate of 4.515%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(15503) at a weighted average interest rate of 4.515%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(15503) at a weighted average interest rate of 4.515%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(15503) at a weighted average interest rate of 4.515%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(15503) at a weighted average interest rate of 4.515%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(15503) at a weighted average interest rate of 4.515%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(15503) at a weighted average interest rate of 4.515%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(15503) at a weighted average interest rate of 4.515%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(15503) at a weighted average interest rate of 4.515%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(2)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(f)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset |  | Liability |
| 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 09/2026 | 09/2026 | 167 | $40379 | 40379 | $15 | 15 | 15 | $13 | 13 | $ | 0 |
| 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 12/2025 | 12/2025 | 178 | 42701 | 42701 | (1) | (1) | (1) | 3 | 3 |  | 0 |
| Canada Government 5-Year Bond December Futures  | Canada Government 5-Year Bond December Futures  | 12/2025 | 12/2025 | 32 | 2652 | 2652 | 31 | 31 | 31 | 6 | 6 |  | 0 |
| U.S. Treasury 5-Year Note December Futures  | U.S. Treasury 5-Year Note December Futures  | 12/2025 | 12/2025 | 664 | 72506 | 72506 | 133 | 133 | 133 | 26 | 26 |  | 0 |
|  |  |  |  |  |  |  | $178 | 178 | 178 | $48 | 48 | $ | 0 |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset |  | Liability |
| U.S. Treasury 2-Year Note December Futures  | U.S. Treasury 2-Year Note December Futures  | 12/2025 | 12/2025 | 77 | $(16047) | (16047) | $(27) | (27) | (27) | $0 | 0 | $ | (8) |
| U.S. Treasury 10-Year Note December Futures  | U.S. Treasury 10-Year Note December Futures  | 12/2025 | 12/2025 | 27 | (3038) | (3038) | (25) | (25) | (25) | 0 | 0 |  | 0 |
| U.S. Treasury Ultra Long-Term Bond December Futures  | U.S. Treasury Ultra Long-Term Bond December Futures  | 12/2025 | 12/2025 | 26 | (3122) | (3122) | (74) | (74) | (74) | 15 | 15 |  | 0 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | 12/2025 | 12/2025 | 60 |  |  | (6905) | (6905) | (41) | (41) | (41) | 4 | 4 | 4 |  |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(167) | (167) | (167) | $19 | 19 | 19 | $ | $ | (8) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | $**11** | **11** | **11** | $**67** | **67** | **67** | **$** | **$** | **(8)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount |  | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Asset | Liability |
| Pay | Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.750% | Annual | Annual | 09/17/2030 | 09/17/2030 | GBP | 2000 | 2000 | $ | (10) | (10) | (2) | (2) | $(12) | (12) | (12) | $3 | 3 | 3 | $0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.100 | Annual | Annual | 02/11/2026 | 02/11/2026 | $ | $10000 | 10000 |  | 12 | 12 | 3 | 3 | 15 | 15 | 15 | 0 | 0 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.862 | Annual | Annual | 02/28/2029 | 02/28/2029 |  | 2600 | 2600 |  | 0 | 0 | (35) | (35) | (35) | (35) | (35) | 0 | 0 | 0 | (2) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/18/2029 | 12/18/2029 |  | 2700 | 2700 |  | 8 | 8 | (35) | (35) | (27) | (27) | (27) | 0 | 0 | 0 | (1) |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | Annual | 02/28/2030 | 02/28/2030 |  | 12163 | 12163 |  | (5) | (5) | 19 | 19 | 14 | 14 | 14 | 0 | 0 | 0 | (6) |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.325 | Annual | Annual | 02/28/2030 | 02/28/2030 |  | 39695 | 39695 |  | (241) | (241) | 248 | 248 | 7 | 7 | 7 | 0 | 0 | 0 | (20) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | Semi-Annual | 09/20/2033 | 09/20/2033 | AUD | 1200 | 1200 |  | (19) | (19) | 41 | 41 | 22 | 22 | 22 | 3 | 3 | 3 | 0 |
| Pay<sup>(1)</sup> | Pay<sup>(1)</sup> | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | Semi-Annual | 03/18/2036 | 03/18/2036 |  | 3400 | 3400 |  | 7 | 7 | (17) | (17) | (10) | (10) | (10) | 12 | 12 | 12 | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **$** | **(248)** | **$** | **222** | **$** | **(26)** | **(26)** | **$** | **18** | **18** | **$** | **(30)** |
| **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Cash of $2,233 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** |
| <sup>(1)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(g)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received |  | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp; BOA | 10/2025  | 10/2025  | 10/2025  | $ | $ | $10 | 10 | 10 | 10 | ILS | 34 | 34 | 34 | $ | 0 | 0 | 0 | 0 | $0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  |  |  | 17 | 17 | 17 | 17 | INR | 1527 | 1527 | 1527 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  |  |  | 10 | 10 | 10 | 10 | KRW | 13893 | 13893 | 13893 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  |  |  | 6 | 6 | 6 | 6 | NZD | 11 | 11 | 11 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 11/2025  | 11/2025  | 11/2025  | NZD | NZD | 11 | 11 | 11 | 11 | $ | $6 | 6 | 6 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp; BPS | 10/2025  | 10/2025  | 10/2025  | BRL | BRL | 3035 | 3035 | 3035 | 3035 |  | 508 | 508 | 508 |  | 0 | 0 | 0 | 0 | (63) | (63) | (63) |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | CNH | CNH | 202 | 202 | 202 | 202 |  | 28 | 28 | 28 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | IDR | IDR | 1145717 | 1145717 | 1145717 | 1145717 |  | 69 | 69 | 69 |  | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | INR | INR | 2103 | 2103 | 2103 | 2103 |  | 24 | 24 | 24 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | TWD | TWD | 2899 | 2899 | 2899 | 2899 |  | 97 | 97 | 97 |  | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | $ | $ | $564 | 564 | 564 | 564 | BRL | 3035 | 3035 | 3035 |  | 6 | 6 | 6 | 6 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  |  |  | 34 | 34 | 34 | 34 | EUR | 29 | 29 | 29 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  |  |  | 94 | 94 | 94 | 94 | IDR | 1544985 | 1544985 | 1544985 |  | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 10/2025  | 10/2025  | 10/2025  |  |  | 65 | 65 | 65 | 65 | KRW | 89984 | 89984 | 89984 |  | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 10/2025  | 10/2025  | 10/2025  |  |  | 82 | 82 | 82 | 82 | PLN | 300 | 300 | 300 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 11/2025  | 11/2025  | 11/2025  | IDR | IDR | 167114 | 167114 | 167114 | 167114 | $ | $10 | 10 | 10 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 11/2025  | 11/2025  | 11/2025  | INR | INR | 890 | 890 | 890 | 890 |  | 10 | 10 | 10 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 11/2025  | 11/2025  | 11/2025  | KRW | KRW | 14018 | 14018 | 14018 | 14018 |  | 10 | 10 | 10 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 11/2025  | 11/2025  | 11/2025  | $ | $ | $19 | 19 | 19 | 19 | BRL | 100 | 100 | 100 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 11/2025  | 11/2025  | 11/2025  |  |  | 10 | 10 | 10 | 10 | ILS | 34 | 34 | 34 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 12/2025  | 12/2025  | 12/2025  | TWD | TWD | 305 | 305 | 305 | 305 | $ | $10 | 10 | 10 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 12/2025  | 12/2025  | 12/2025  | $ | $ | $19 | 19 | 19 | 19 | IDR | 312023 | 312023 | 312023 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | BRL | BRL | 1200 | 1200 | 1200 | 1200 | $ | $211 | 211 | 211 |  | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
| &nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp; BRC | 10/2025  | 10/2025  | 10/2025  | CHF | CHF | 64 | 64 | 64 | 64 |  | 80 | 80 | 80 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | $ | $ | $104 | 104 | 104 | 104 | CHF | 83 | 83 | 83 |  | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  |  |  | 0 | 0 | 0 | 0 | NOK | 1 | 1 | 1 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  |  |  | 80 | 80 | 80 | 80 | ZAR | 1412 | 1412 | 1412 |  | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 11/2025  | 11/2025  | 11/2025  | AUD | AUD | 58 | 58 | 58 | 58 | $ | $38 | 38 | 38 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 11/2025  | 11/2025  | 11/2025  | NOK | NOK | 1 | 1 | 1 | 1 |  | 0 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 11/2025  | 11/2025  | 11/2025  | $ | $ | $80 | 80 | 80 | 80 | CHF | 64 | 64 | 64 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 11/2025  | 11/2025  | 11/2025  | ZAR | ZAR | 50 | 50 | 50 | 50 | $ | $3 | 3 | 3 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp; CBK | 10/2025  | 10/2025  | 10/2025  | AUD | AUD | 58 | 58 | 58 | 58 |  | 38 | 38 | 38 |  | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | BRL | BRL | 1991 | 1991 | 1991 | 1991 |  | 374 | 374 | 374 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | IDR | IDR | 641953 | 641953 | 641953 | 641953 |  | 39 | 39 | 39 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | INR | INR | 1516 | 1516 | 1516 | 1516 |  | 17 | 17 | 17 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | JPY | JPY | 800 | 800 | 800 | 800 |  | 5 | 5 | 5 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | SGD | SGD | 142 | 142 | 142 | 142 |  | 111 | 111 | 111 |  | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | THB | THB | 234 | 234 | 234 | 234 |  | 7 | 7 | 7 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | TWD | TWD | 3588 | 3588 | 3588 | 3588 |  | 121 | 121 | 121 |  | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | $ | $ | $360 | 360 | 360 | 360 | BRL | 1991 | 1991 | 1991 |  | 14 | 14 | 14 | 14 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  |  |  | 241 | 241 | 241 | 241 | CAD | 336 | 336 | 336 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 10/2025  | 28 | 457945 | 0 | 0 |
|  | 10/2025  | 73 | 6456 | 0 | (1) |
|  | 10/2025  | 8 | 83 | 0 | 0 |
|  | 10/2025  | 30 | 285 | 0 | 0 |
|  | 10/2025  | 43 | 1318 | 0 | 0 |
|  | 11/2025  | 336 | $241 | 0 | 0 |
|  | 11/2025  | 83 | 8 | 0 | 0 |
|  | 11/2025  | $10 | 33 | 0 | 0 |
|  | 11/2025  | 17 | 1519 | 0 | 0 |
|  | 12/2025  | 854 | $28 | 0 | 0 |
|  | 12/2025  | $19 | 322226 | 0 | 0 |
|  | 01/2026  | 454 | $15 | 0 | 0 |
| &nbsp;&nbsp;&nbsp; DUB | 10/2025  | 432 | 61 | 0 | 0 |
|  | 10/2025  | 328505 | 20 | 0 | 0 |
|  | 10/2025  | 2453 | 28 | 0 | 0 |
|  | 10/2025  | 64194 | 46 | 1 | 0 |
|  | 10/2025  | 14 | 8 | 0 | 0 |
|  | 10/2025  | $136 | 463 | 4 | 0 |
|  | 10/2025  | 43 | 3824 | 0 | 0 |
|  | 11/2025  | 463 | $136 | 0 | (4) |
|  | 11/2025  | 885 | 10 | 0 | 0 |
|  | 11/2025  | $28 | 2458 | 0 | 0 |
|  | 11/2025  | 57 | $3 | 0 | 0 |
| &nbsp;&nbsp;&nbsp; FAR | 10/2025  | 416 | 270 | 0 | (6) |
|  | 10/2025  | 11 | 14 | 0 | 0 |
|  | 10/2025  | 188 | 27 | 0 | 0 |
|  | 10/2025  | $272 | 416 | 4 | 0 |
|  | 10/2025  | 4055 | 3471 | 20 | 0 |
|  | 10/2025  | 70 | 6155 | 0 | (1) |
|  | 10/2025  | 48 | 173 | 0 | 0 |
|  | 10/2025  | 339 | 437 | 0 | (1) |
|  | 11/2025  | 416 | $272 | 0 | (4) |
|  | 11/2025  | 3471 | 4063 | 0 | (20) |
|  | 11/2025  | 436 | 339 | 1 | 0 |
|  | 11/2025  | $14 | 11 | 0 | 0 |
| &nbsp;&nbsp;&nbsp; GLM | 10/2025  | 6200 | $1063 | 0 | (102) |
|  | 10/2025  | 15 | 2 | 0 | 0 |
|  | 10/2025  | 316440 | 19 | 0 | 0 |
|  | 10/2025  | $1147 | 6200 | 18 | 0 |
|  | 10/2025  | 28 | 462010 | 0 | 0 |
|  | 10/2025  | 20 | 1754 | 0 | 0 |
|  | 12/2025  | 313 | 1694 | 1 | 0 |
|  | 12/2025  | 18 | 309420 | 0 | 0 |
|  | 04/2026  | 6600 | $1169 | 0 | (19) |
| &nbsp;&nbsp;&nbsp; JPM | 10/2025  | 420 | 304 | 2 | 0 |
|  | 10/2025  | 3366 | 3936 | 0 | (15) |
|  | 10/2025  | 818223 | 49 | 0 | 0 |
|  | 10/2025  | 111109 | 80 | 1 | 0 |
|  | 10/2025  | 26 | 20 | 0 | 0 |
|  | 10/2025  | $79 | 1312812 | 0 | 0 |
|  | 10/2025  | 18 | 318 | 1 | 0 |
|  | 11/2025  | 54 | $3 | 0 | 0 |
| &nbsp;&nbsp;&nbsp; MBC | 10/2025  | 8 | 10 | 0 | 0 |
|  | 10/2025  | 220 | 31 | 0 | 0 |
|  | 10/2025  | 134 | 159 | 1 | 0 |
|  | 10/2025  | 11 | 14 | 0 | 0 |
|  | 10/2025  | 36333 | 2 | 0 | 0 |
|  | 10/2025  | 123797 | 89 | 1 | 0 |
|  | 10/2025  | 384 | 40 | 0 | (1) |
|  | 10/2025  | 269 | 210 | 2 | 0 |
|  | 10/2025  | 553 | 17 | 0 | 0 |
|  | 10/2025  | $22 | 156 | 0 | 0 |
|  | 10/2025  | 218 | 160 | 0 | (3) |
|  | 10/2025  | 54 | 75816 | 0 | 0 |
|  | 10/2025  | 0 | 1 | 0 | 0 |
|  | 10/2025  | 10 | 324 | 0 | 0 |
|  | 11/2025  | 155 | $22 | 0 | 0 |
|  | 11/2025  | 1 | 0 | 0 | 0 |
|  | 11/2025  | $14 | 11 | 0 | 0 |
| &nbsp;&nbsp;&nbsp; MYI | 10/2025  | 200 | $33 | 0 | (5) |
|  | 10/2025  | 222 | 31 | 0 | 0 |
|  | 10/2025  | 175386 | 11 | 0 | 0 |
|  | 10/2025  | $38 | 200 | 0 | 0 |
|  | 10/2025  | 61 | 84 | 0 | (1) |
|  | 10/2025  | 45 | 163 | 0 | 0 |
|  | 10/2025  | 23 | 689 | 0 | 0 |
|  | 12/2025  | 684 | $23 | 0 | 0 |
| &nbsp;&nbsp;&nbsp; SCX | 10/2025  | 295 | 55 | 0 | 0 |
|  | 10/2025  | 161 | 23 | 0 | 0 |
|  | 10/2025  | 377619 | 23 | 0 | 0 |
|  | 10/2025  | 1562 | 18 | 0 | 0 |
|  | 10/2025  | 2178 | 73 | 2 | 0 |
|  | 10/2025  | $55 | 295 | 0 | 0 |
|  | 10/2025  | 28 | 460486 | 0 | (1) |
|  | 10/2025  | 32 | 2854 | 0 | 0 |
|  | 11/2025  | 18 | 1565 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | 12/2025  |  | 55 | 55 | BRL | 299 | 299 | 299 | 0 | 0 |  | 0 | 0 |
|  |  |  |  | 12/2025  |  | 23 | 23 | IDR | 378574 | 378574 | 378574 | 0 | 0 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp; SSB | 10/2025  | GBP | 142 | 142 | $ | 191 | 191 | 191 | 1 | 1 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp; UAG | 10/2025  | ILS | 544 | 544 |  | 163 | 163 | 163 | 0 | 0 |  | (1) | (1) |
|  |  |  |  | 10/2025  | NOK | 88 | 88 |  | 9 | 9 | 9 | 0 | 0 |  | 0 | 0 |
|  |  |  |  | 10/2025  | $ | 14 | 14 | ILS | 46 | 46 | 46 | 1 | 1 |  | 0 | 0 |
|  |  |  |  | 10/2025  |  | 45 | 45 | PLN | 162 | 162 | 162 | 0 | 0 |  | 0 | 0 |
|  |  |  |  | 10/2025  |  | 10 | 10 | THB | 324 | 324 | 324 | 0 | 0 |  | 0 | 0 |
|  |  |  |  | 11/2025  | ILS | 46 | 46 | $ | 14 | 14 | 14 | 0 | 0 |  | (1) | (1) |
|  |  |  |  | 11/2025  | ZAR | 55 | 55 |  | 3 | 3 | 3 | 0 | 0 |  | 0 | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**91** | **91** | **$** | **(257)** | **(257)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost | Market<br>Value | Market<br>Value |
| JPM | JPM | JPM | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 2.500% | 2.500% | 02/13/2026 | 02/13/2026 | 47600 | 47600 | 26 | 26 | $12 | 12 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **26** | **26** | $**12** | **12** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Reference Entity | Reference Entity | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Maturity<br>Date | Implied<br>Credit Spread at<br>September 30, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>September 30, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>September 30, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> |  | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| MYC | MYC | South Korea Government International Bonds  | South Korea Government International Bonds  | (1.000)% | (1.000)% | 12/20/2030 | 0.248% | 0.248% | 0.248% | $800 | $ | (32) | $3 | $0 | 0 | $(29) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **(32)** | $**3** | $**0** | **0** | $**(29)** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 09/30/2025 | Fair Value<br>at 09/30/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 6934 | 6934 | $0 | 0 | 6934 | 6934 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 6999 | 6999 | 200 | 200 | 7199 | 7199 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 2596 | 2596 | 0 | 0 | 2596 | 2596 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 29012 | 29012 | 0 | 0 | 29012 | 29012 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 1655 | 1655 | 0 | 0 | 1655 | 1655 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 9377 | 9377 | 0 | 0 | 9377 | 9377 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | 0 | 0 | 0 | 1068 | 1068 | 0 | 0 | 1068 | 1068 |  |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 0 | 201 | 201 | 0 | 0 | 201 | 201 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 484 | 484 | 0 | 0 | 484 | 484 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 1570 | 1570 | 0 | 0 | 1570 | 1570 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 0 | 660 | 660 | 0 | 0 | 660 | 660 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 12772 | 12772 | 0 | 0 | 12772 | 12772 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 2295 | 2295 | 0 | 0 | 2295 | 2295 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 52 | 52 | 0 | 0 | 52 | 52 |  |
|  |  |  |  |  |  |  | 0 | 0 | 0 | 75675 | 75675 | $200 | 200 | 75875 | 75875 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) September 30, 2025 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $2226 | $0 | $0 | $2226 |
| Total Investments | $2226 | $75675 | $200 | $78101 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| U.S. Government Agencies | $0 | $(9329) | $0 | $(9329) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 6 | 79 | 0 | 85 |
| Over the counter | 0 | 103 | 0 | 103 |
|  | $6 | $182 | $0 | $188 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | 0 | (38) | 0 | (38) |
| Over the counter | 0 | (286) | 0 | (286) |
|  | $0 | $(324) | $0 | $(324) |
| Total Financial Derivative Instruments | $6 | $(142) | $0 | $(136) |
| Totals | $2232 | $66204 | $200 | $68636 |
| **There were no significant transfers into or out of Level 3 during the period ended September 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended September 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended September 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended September 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended September 30, 2025.** |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series M September 30, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 140.6% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.4%**  |  |  |
| **Castlelake LP**<br>2.950% due 05/12/2031 « | $6533 | $6244 |
| Total Loan Participations and Assignments (Cost $6,527) |  | 6244 |
| **CORPORATE BONDS & NOTES 33.3%**  |  |  |
| **BANKING & FINANCE 20.3%**  |  |  |
| **Ally Financial, Inc.** <br>6.848% due 01/03/2030 •  | 3600 | 3810 |
| **American Homes 4 Rent LP** <br>5.250% due 03/15/2035 | 3000 | 3034 |
| **American Tower Corp.** <br>5.550% due 07/15/2033 | 1100 | 1152 |
| **Antares Holdings LP**  |  |  |
| 6.350% due 10/23/2029  | 4300 | 4399 |
| 7.950% due 08/11/2028  | 7550 | 8034 |
| **Athene Global Funding**  |  |  |
| 5.380% due 01/07/2030  | 3000 | 3097 |
| 5.526% due 07/11/2031  | 5000 | 5158 |
| **Aviation Capital Group LLC** <br>6.750% due 10/25/2028 | 5250 | 5586 |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | 107 | 103 |
| **Banco Bilbao Vizcaya Argentaria SA** <br>6.033% due 03/13/2035 •  | 5000 | 5319 |
| **Banco Santander SA**  |  |  |
| 5.538% due 03/14/2030 •  | 3800 | 3937 |
| 6.033% due 01/17/2035  | 3200 | 3441 |
| **Bank of America Corp.** <br>5.288% due 04/25/2034 •  | 15000 | 15524 |
| **Barclays PLC**  |  |  |
| 6.224% due 05/09/2034 •  | 2000 | 2152 |
| 7.437% due 11/02/2033 •  | 1200 | 1377 |
| **BGC Group, Inc.**  |  |  |
| 6.150% due 04/02/2030  | 4000 | 4104 |
| 8.000% due 05/25/2028  | 4300 | 4593 |
| **Blue Cross & Blue Shield of Minnesota** <br>4.850% due 09/30/2030 «(g) | 4700 | 4670 |
| **Blue Owl Capital Corp.** <br>2.875% due 06/11/2028 | 9700 | 9181 |
| **BPCE SA**  |  |  |
| 6.714% due 10/19/2029 •  | 7500 | 7966 |
| 7.003% due 10/19/2034 •  | 7500 | 8370 |
| **Broadstone Net Lease LLC** <br>5.000% due 11/01/2032 | 2900 | 2884 |
| **Capital One Financial Corp.** <br>7.624% due 10/30/2031 •  | 5000 | 5656 |
| **CI Financial Corp.** <br>4.100% due 06/15/2051 | 5000 | 3629 |
| **Citadel Finance LLC** <br>5.900% due 02/10/2030 | 4100 | 4161 |
| **Citadel LP** <br>6.375% due 01/23/2032 | 2700 | 2859 |
| **Citigroup, Inc.**  |  |  |
| 3.785% due 03/17/2033 •  | 2000 | 1901 |
| 5.449% due 06/11/2035 •  | 12000 | 12448 |
| 6.270% due 11/17/2033 •  | 7000 | 7642 |
| **Cousins Properties LP**  |  |  |
| 5.250% due 07/15/2030  | 3800 | 3893 |
| 5.375% due 02/15/2032  | 2400 | 2464 |
| **Credit Agricole SA** <br>5.862% due 01/09/2036 •  | 3000 | 3156 |
| **Credit Suisse AG AT1 Claim** <br>1.000% due 12/31/2060 | 5500 | 715 |
| **Crown Castle, Inc.** <br>5.200% due 09/01/2034 | 3000 | 3034 |
| **DaVinciRe Holdings Ltd.** <br>5.950% due 04/15/2035 | 3150 | 3263 |
| **Deloitte LLP**  |  |  |
| 5.410% due 01/30/2032 «(g)  | 1800 | 1849 |
| 5.590% due 01/30/2035 «(g)  | 1100 | 1127 |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| 5.970% due 01/30/2045 «(g)  | 900 | 905 |
| **Deutsche Bank AG** <br>5.625% due 05/19/2031 •  | 900 | 1069 |
| **Doctors Co. An Interinsurance Exchange** <br>4.500% due 01/18/2032 | $2000 | 1783 |
| **Essex Portfolio LP** <br>5.500% due 04/01/2034 | 5000 | 5197 |
| **F&G Annuities & Life, Inc.** <br>6.500% due 06/04/2029 | 2600 | 2712 |
| **Fairfax Financial Holdings Ltd.** <br>4.850% due 04/17/2028 | 4000 | 4054 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 3.375% due 11/13/2025  | 200 | 200 |
| 5.800% due 03/05/2027  | 1000 | 1010 |
| 6.125% due 03/08/2034  | 4000 | 4021 |
| 6.800% due 05/12/2028  | 8000 | 8310 |
| 6.950% due 03/06/2026  | 4500 | 4536 |
| 7.350% due 11/04/2027  | 5000 | 5216 |
| **Freedom Mortgage Holdings LLC** <br>8.375% due 04/01/2032 | 3000 | 3147 |
| **FS KKR Capital Corp.**  |  |  |
| 2.625% due 01/15/2027  | 9000 | 8748 |
| 6.875% due 08/15/2029  | 3200 | 3279 |
| **GA Global Funding Trust**  |  |  |
| 4.500% due 09/18/2030  | 5000 | 4963 |
| 5.500% due 01/08/2029  | 3000 | 3106 |
| 5.900% due 01/13/2035  | 2000 | 2079 |
| **Global Atlantic Fin Co.** <br>6.750% due 03/15/2054 | 400 | 424 |
| **GLP Capital LP/GLP Financing II, Inc.**  |  |  |
| 5.625% due 09/15/2034  | 1500 | 1519 |
| 5.750% due 11/01/2037  | 4000 | 3975 |
| **Goldman Sachs Group, Inc.** <br>6.561% due 10/24/2034 •  | 5000 | 5608 |
| **Golub Capital Private Credit Fund**  |  |  |
| 0.000% due 08/15/2028  | 4600 | 4625 |
| 5.875% due 05/01/2030  | 2000 | 2036 |
| **HA Sustainable Infrastructure Capital, Inc.** <br>6.375% due 07/01/2034 | 3200 | 3258 |
| **HPS Corporate Lending Fund** <br>4.900% due 09/11/2028 | 1200 | 1194 |
| **HSBC Holdings PLC**  |  |  |
| 2.848% due 06/04/2031 •  | 1600 | 1488 |
| 5.719% due 03/04/2035 •  | 2000 | 2111 |
| **ING Groep NV** <br>4.500% due 05/23/2029 •  | 400 | 491 |
| **Invitation Homes Operating Partnership LP**  |  |  |
| 4.150% due 04/15/2032  | $1101 | 1066 |
| 4.875% due 02/01/2035  | 1000 | 988 |
| **Jane Street Group/JSG Finance, Inc.** <br>7.125% due 04/30/2031 | 2000 | 2099 |
| **JPMorgan Chase & Co.** <br>5.294% due 07/22/2035 •  | 2400 | 2480 |
| **KBC Group NV** <br>6.324% due 09/21/2034 •  | 3000 | 3283 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** <br>5.500% due 08/01/2030 | 1500 | 1531 |
| **Liberty Mutual Group, Inc.**  |  |  |
| 4.125% due 12/15/2051 •  | 6700 | 6582 |
| 4.300% due 02/01/2061  | 4000 | 2523 |
| **LPL Holdings, Inc.** <br>5.750% due 06/15/2035 | 4000 | 4105 |
| **Marex Group PLC** <br>5.829% due 05/08/2028 | 4000 | 4059 |
| **Massachusetts Mutual Life Insurance Co.** <br>5.077% due 02/15/2069 •  | 4500 | 4096 |
| **Morgan Stanley**  |  |  |
| 0.000% due 04/02/2032 þ(g)  | 8000 | 5779 |
| 5.250% due 04/21/2034 •  | 20000 | 20631 |
| **Nomura Holdings, Inc.** <br>5.783% due 07/03/2034 | 2750 | 2915 |
| **Oaktree Strategic Credit Fund** <br>6.500% due 07/23/2029 | 1500 | 1555 |
| **Prologis LP** <br>4.200% due 02/15/2033 | 4000 | 2941 |
| **Realty Income Corp.** <br>5.125% due 04/15/2035 | $2000 | 2035 |
| **Sabra Health Care LP** <br>3.900% due 10/15/2029 | 4600 | 4459 |
| **Sammons Financial Group Global Funding** <br>5.100% due 12/10/2029 | 2500 | 2573 |
| **Sixth Street Lending Partners** <br>6.125% due 07/15/2030 | 1500 | 1551 |
| **Stellantis Finance U.S., Inc.** <br>6.450% due 03/18/2035 | 5300 | 5436 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Stellantis** **Financial Services U.S. Corp.** <br>5.400% due 09/15/2030 | 2000 | 2005 |
| **Tesco Property Finance 3 PLC** <br>5.744% due 04/13/2040 | 560 | 751 |
| **Tesco Property Finance 4 PLC** <br>5.801% due 10/13/2040 | 614 | 822 |
| **Tesco Property Finance 5 PLC** <br>5.661% due 10/13/2041 | 90 | 119 |
| **Trustage Financial Group, Inc.** <br>4.625% due 04/15/2032 | $5300 | 5086 |
| **UBS Group AG** <br>5.699% due 02/08/2035 •  | 9000 | 9485 |
| **VICI Properties LP** <br>5.625% due 04/01/2035 | 4800 | 4918 |
| **Wells Fargo & Co.** <br>3.350% due 03/02/2033 •  | 4000 | 3725 |
|  |  | 366350 |
| **INDUSTRIALS 10.2%**  |  |  |
| **Adventist Health System** <br>4.742% due 12/01/2030 | 1300 | 1301 |
| **Air Canada** <br>4.625% due 08/15/2029 | 900 | 647 |
| **Alaska Airlines Pass-Through Trust** <br>4.800% due 02/15/2029 | $2128 | 2133 |
| **American Airlines Pass-Through Trust**  |  |  |
| 3.150% due 08/15/2033  | 4209 | 3951 |
| 3.375% due 11/01/2028  | 3946 | 3884 |
| 3.500% due 08/15/2033  | 421 | 386 |
| **Amrize Finance U.S. LLC** <br>5.400% due 04/07/2035 | 5400 | 5566 |
| **Bacardi Ltd.** <br>4.700% due 05/15/2028 | 1000 | 1009 |
| **Bayer U.S. Finance II LLC** <br>4.375% due 12/15/2028 | 358 | 357 |
| **Bayer U.S. Finance LLC**  |  |  |
| 6.500% due 11/21/2033  | 2200 | 2374 |
| 6.875% due 11/21/2053  | 2300 | 2506 |
| **Beignet** <br>6.850% due 06/01/2049 «(a) | 75000 | 75000 |
| **Booz Allen Hamilton, Inc.** <br>5.950% due 04/15/2035 | 2000 | 2087 |
| **Cheniere Energy, Inc.** <br>5.650% due 04/15/2034 | 2000 | 2063 |
| **CVS Pass-Through Trust** <br>7.507% due 01/10/2032 | 3600 | 3838 |
| **Diageo Investment Corp.** <br>5.625% due 04/15/2035 | 1500 | 1593 |
| **Diamondback Energy, Inc.** <br>5.550% due 04/01/2035 | 2600 | 2670 |
| **DR Horton, Inc.** <br>5.000% due 10/15/2034 | 4000 | 4047 |
| **Energy Transfer LP**  |  |  |
| 5.600% due 09/01/2034  | 6000 | 6161 |
| 6.200% due 04/01/2055  | 4000 | 4027 |
| **Eni SpA** <br>5.750% due 05/19/2035 | 1800 | 1876 |
| **Flex Intermediate Holdco LLC**  |  |  |
| 3.363% due 06/30/2031  | 2800 | 2578 |
| 4.317% due 12/30/2039  | 2800 | 2331 |
| **Harbour Energy PLC** <br>6.327% due 04/01/2035 | 2000 | 2055 |
| **HCA, Inc.** <br>5.750% due 03/01/2035 | 2500 | 2615 |
| **Kraft Heinz Foods Co.** <br>4.375% due 06/01/2046 | 5000 | 4164 |
| **Mars, Inc.** <br>5.700% due 05/01/2055 | 3000 | 3041 |
| **Mondelez International, Inc.** <br>4.625% due 07/03/2031 | 5000 | 3768 |
| **Mundys SpA** <br>1.875% due 02/12/2028 | 400 | 459 |
| **National Fuel Gas Co.** <br>5.950% due 03/15/2035 | $1650 | 1722 |
| **Nissan Motor Co. Ltd.** <br>4.810% due 09/17/2030 | 3100 | 2922 |
| **Quanta Services, Inc.** <br>5.250% due 08/09/2034 | 2700 | 2770 |
| **Rolls-Royce PLC**  |  |  |
| 1.625% due 05/09/2028  | 100 | 115 |
| 3.375% due 06/18/2026  | 100 | 134 |
| **Smith & Nephew PLC** <br>5.400% due 03/20/2034 | $5000 | 5165 |
| **South Bow USA Infrastructure Holdings LLC**  |  |  |
| 4.911% due 09/01/2027  | 2000 | 2017 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.026% due 10/01/2029  | 2400 | 2428 |
| **Tennessee Gas Pipeline Co. LLC** <br>2.900% due 03/01/2030 | 3800 | 3560 |
| **Turkish Airlines Pass-Through Trust** <br>4.200% due 09/15/2028 | 1241 | 1222 |
| **United Airlines Pass-Through Trust** <br>5.450% due 08/15/2038 | 1834 | 1893 |
| **Vale Overseas Ltd.** <br>6.400% due 06/28/2054 | 3000 | 3087 |
| **Venture Global Calcasieu Pass LLC** <br>4.125% due 08/15/2031 | 2500 | 2361 |
| **Weir Group, Inc.** <br>5.350% due 05/06/2030 | 2200 | 2264 |
| **Woodside Finance Ltd.** <br>6.000% due 05/19/2035 | 3350 | 3499 |
|  |  | 183646 |
| **UTILITIES 2.8%**  |  |  |
| **AES Corp.** <br>5.800% due 03/15/2032 | 5000 | 5179 |
| **Appalachian Power Co.** <br>5.650% due 04/01/2034 | 1900 | 1986 |
| **Black Hills Corp.** <br>6.000% due 01/15/2035 | 4100 | 4368 |
| **Edison International**  |  |  |
| 5.450% due 06/15/2029  | 600 | 605 |
| 5.750% due 06/15/2027  | 1800 | 1822 |
| **Electricite de France SA** <br>5.950% due 04/22/2034 | 5500 | 5865 |
| **EPH Financing International AS** <br>6.651% due 11/13/2028 | 6000 | 7667 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | $27 | 27 |
| **IPALCO Enterprises, Inc.** <br>4.250% due 05/01/2030 | 2600 | 2548 |
| **Pacific Gas & Electric Co.**  |  |  |
| 4.500% due 07/01/2040  | 1500 | 1306 |
| 4.550% due 07/01/2030  | 1300 | 1291 |
| 4.750% due 02/15/2044  | 3000 | 2573 |
| 4.950% due 07/01/2050  | 700 | 601 |
| 6.000% due 08/15/2035  | 2000 | 2095 |
| 6.700% due 04/01/2053  | 4700 | 5032 |
| **PPL Capital Funding, Inc.** <br>5.250% due 09/01/2034 | 2900 | 2968 |
| **Puget Energy, Inc.** <br>5.725% due 03/15/2035 | 3000 | 3100 |
| **Southern California Edison Co.** <br>4.875% due 03/01/2049 | 400 | 339 |
| **System Energy Resources, Inc.** <br>6.000% due 04/15/2028 | 1900 | 1978 |
|  |  | 51350 |
| Total Corporate Bonds & Notes (Cost $593,818) |  | 601346 |
| **MUNICIPAL BONDS & NOTES 0.6%**  |  |  |
| **CALIFORNIA 0.6%**  |  |  |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021** <br>3.850% due 06/01/2050 | 6710 | 6118 |
| **Newport Beach, California Certificates of Participation Bonds, (BABs), Series 2010** <br>7.168% due 07/01/2040 | 3400 | 3840 |
|  |  | 9958 |
| **PENNSYLVANIA 0.0%**  |  |  |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, (BABs), Series 2010** <br>6.532% due 06/15/2039 | 600 | 661 |
| Total Municipal Bonds & Notes (Cost $10,234) |  | 10619 |
| **U.S. GOVERNMENT AGENCIES 46.4%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 4.000% due 11/01/2047 - 03/01/2049 | 15 | 14 |
| 4.955% due 08/01/2032 •  | 11 | 11 |
| 5.000% due 07/01/2053 | 21399 | 21322 |
| 5.500% due 12/01/2053 | 1216 | 1228 |
| 6.375% due 01/01/2032 •  | 11 | 12 |
| 6.426% due 02/01/2033 •  | 5 | 5 |
| 7.000% due 04/01/2029 - 03/01/2030 | 2 | 2 |
| 7.250% due 10/01/2032 •  | 2 | 2 |
| 7.500% due 10/01/2032 •  | 24 | 24 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 4.937% due 08/15/2029 - 12/15/2031 •  | 2 | 2 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.987% due 09/15/2030 •  | 0 | 1 |
| 5.037% due 03/15/2032 •  | 1 | 1 |
| 6.000% due 12/15/2028 | 26 | 27 |
| 7.500% due 08/15/2030 | 7 | 7 |
| **Federal National Mortgage Association**  |  |  |
| 3.000% due 01/01/2046 | 64 | 58 |
| 3.500% due 05/01/2047 | 88 | 83 |
| 4.000% due 12/01/2044 | 9 | 9 |
| 5.500% due 09/01/2053 | 434 | 439 |
| 6.348% due 11/01/2032 •  | 4 | 4 |
| 6.358% due 01/01/2033 •  | 6 | 7 |
| 6.364% due 05/01/2033 •  | 9 | 10 |
| 6.447% due 12/01/2034 •  | 16 | 16 |
| 6.500% due 12/01/2028 | 0 | 1 |
| 7.095% due 09/01/2027 •  | 4 | 5 |
| **Federal National Mortgage Association Grantor Trust**  |  |  |
| 5.011% due 05/25/2042 ~ | 5 | 5 |
| 5.374% due 03/25/2041 ~ | 4 | 4 |
| **Government National Mortgage Association**  |  |  |
| 4.625% due 07/20/2027 - 07/20/2029 •  | 4 | 4 |
| 4.750% due 10/20/2027 •  | 1 | 0 |
| 5.625% due 01/20/2027 - 06/20/2032 •  | 21 | 21 |
| **Government National Mortgage Association, TBA**<br>2.500% due 10/01/2055 - 11/01/2055 | 350900 | 302169 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.500% due 10/01/2055 - 11/01/2055 | 140000 | 135748 |
| 5.000% due 11/01/2055 | 188000 | 186343 |
| 5.500% due 11/01/2055 | 48100 | 48468 |
| 6.000% due 11/01/2055 | 50000 | 51074 |
| 6.500% due 11/01/2055 | 86900 | 89866 |
| Total U.S. Government Agencies (Cost $837,391) |  | 836992 |
| **U.S. TREASURY OBLIGATIONS 10.3%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.250% due 08/15/2054 | 40000 | 36938 |
| 4.750% due 08/15/2055 | 61000 | 61219 |
| **U.S. Treasury Inflation Protected Securities (d)** |  |  |
| 1.250% due 04/15/2028 (i)(k) | 53848 | 54063 |
| 1.750% due 01/15/2034 (i) | 33418 | 33588 |
| Total U.S. Treasury Obligations (Cost $184,152) |  | 185808 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 12.2%**  |  |  |
| **Adjustable Rate Mortgage Trust**  |  |  |
| 3.951% due 01/25/2036 ~  | 4 | 3 |
| 4.572% due 02/25/2036 ~  | 70 | 44 |
| 4.783% due 11/25/2035 ~  | 53 | 37 |
| **AG Trust** <br>6.166% due 07/15/2041 •  | 5750 | 5778 |
| **American Home Mortgage Assets Trust**  |  |  |
| 4.482% due 10/25/2046 •  | 312 | 156 |
| 4.652% due 09/25/2046 •  | 281 | 268 |
| 5.073% due 11/25/2046 •  | 471 | 115 |
| **Arroyo Mortgage Trust** <br>4.950% due 07/25/2057 þ | 1883 | 1877 |
| **Banc of America Alternative Loan Trust** <br>6.000% due 07/25/2046 | 57 | 50 |
| **Banc of America Funding Trust**  |  |  |
| 4.482% due 08/27/2036 ~  | 4808 | 4628 |
| 4.498% due 09/20/2047 ~  | 59 | 51 |
| 4.630% due 10/20/2036 •  | 65 | 50 |
| 4.692% due 04/25/2037 •  | 51 | 43 |
| 4.835% due 09/20/2046 ~  | 29 | 26 |
| 4.850% due 05/20/2047 •  | 22 | 20 |
| 5.072% due 05/25/2037 •  | 49 | 42 |
| 5.500% due 03/25/2036  | 5 | 5 |
| 5.557% due 04/20/2035 ~  | 37 | 34 |
| 5.831% due 04/25/2037 ~  | 326 | 284 |
| 6.063% due 02/20/2036 ~  | 62 | 60 |
| **Banc of America Mortgage Trust**  |  |  |
| 5.391% due 05/25/2035 ~  | 176 | 157 |
| 5.487% due 07/25/2035 ~  | 4 | 4 |
| 5.500% due 09/25/2035  | 121 | 108 |
| 5.500% due 05/25/2037  | 58 | 45 |
| 5.864% due 02/25/2034 ~  | 48 | 47 |
| **BCAP LLC Trust**  |  |  |
| 3.834% due 07/26/2036 ~  | 13 | 12 |
| 4.737% due 05/25/2047 •  | 24 | 22 |
| 4.765% due 03/26/2037 ~  | 47 | 39 |
| 4.877% due 05/25/2047 •  | 154 | 141 |
| 5.124% due 03/27/2037 ~  | 177 | 152 |
| 5.572% due 09/25/2047 •  | 45 | 40 |
| 6.672% due 10/25/2047 •  | 7588 | 5686 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.126% due 08/25/2036 ~  | 200 | 133 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.167% due 11/25/2036 ~  | 64 | 29 |
| 4.511% due 02/25/2036 ~  | 151 | 107 |
| 4.712% due 04/25/2036 •  | 53 | 48 |
| 4.714% due 05/25/2036 ~  | 293 | 140 |
| 4.766% due 02/25/2036 ~  | 16 | 14 |
| 4.857% due 01/25/2036 ~  | 1606 | 1495 |
| 4.888% due 07/25/2035 ~  | 279 | 187 |
| 5.425% due 05/25/2035 ~  | 23 | 22 |
| 5.493% due 06/25/2034 ~  | 677 | 613 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.208% due 05/25/2047 ~  | 72 | 65 |
| 4.345% due 05/25/2034 ~  | 16 | 15 |
| 4.475% due 02/25/2036 ~  | 30 | 27 |
| 4.807% due 03/25/2035 ~  | 20 | 19 |
| 5.053% due 01/25/2035 ~  | 5 | 5 |
| 5.235% due 02/25/2034 ~  | 21 | 19 |
| 5.391% due 11/25/2034 ~  | 23 | 21 |
| 6.142% due 10/25/2035 ~  | 17 | 17 |
| 6.233% due 06/25/2035 ~  | 1 | 1 |
| 6.373% due 12/25/2046 •  | 253 | 213 |
| 6.420% due 10/25/2035 •  | 113 | 109 |
| 6.513% due 01/25/2034 ~  | 22 | 22 |
| **Bear Stearns Mortgage Funding Trust** <br>4.652% due 01/25/2037 •  | 42 | 40 |
| **Bear Stearns Structured Products, Inc. Trust** <br>4.972% due 01/26/2036 ~ | 240 | 170 |
| **Benchmark Mortgage Trust**  |  |  |
| 2.952% due 08/15/2057  | 4565 | 4314 |
| 4.077% due 07/15/2051  | 3262 | 3232 |
| **BMO Mortgage Trust** <br>5.625% due 12/15/2057 ~ | 3500 | 3650 |
| **Chase Home Lending Mortgage Trust**  |  |  |
| 3.250% due 03/25/2063 ~  | 5676 | 5161 |
| 3.250% due 09/25/2063 ~  | 3437 | 3119 |
| **Chase Mortgage Finance Trust**  |  |  |
| 4.222% due 03/25/2037 ~  | 14 | 13 |
| 4.469% due 09/25/2036 ~  | 473 | 403 |
| 4.619% due 03/25/2037 ~  | 28 | 27 |
| 6.000% due 05/25/2037  | 95 | 39 |
| **ChaseFlex Trust**  |  |  |
| 4.872% due 07/25/2037 •  | 108 | 96 |
| 5.000% due 07/25/2037  | 67 | 22 |
| **ChaseFlex Trust Multi-Class Mortgage Pass-Through Certificates** <br>4.262% due 08/25/2037 þ | 19 | 16 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>4.502% due 10/25/2035 •  | 447 | 431 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.032% due 05/20/2036 ~  | 67 | 63 |
| 4.241% due 02/20/2036 ~  | 91 | 82 |
| 4.457% due 11/25/2037 ~  | 66 | 60 |
| 4.485% due 05/20/2036 ~  | 23 | 21 |
| 4.732% due 05/25/2035 •  | 35 | 31 |
| 4.812% due 02/25/2035 •  | 3 | 3 |
| 4.882% due 01/25/2036 ~  | 21 | 20 |
| 4.892% due 03/25/2035 •  | 117 | 106 |
| 4.952% due 03/25/2036 •  | 5 | 1 |
| 5.012% due 02/25/2035 •  | 155 | 145 |
| 5.052% due 02/25/2035 •  | 131 | 123 |
| 5.097% due 11/25/2034 ~  | 27 | 26 |
| 5.325% due 08/25/2034 ~  | 1374 | 1356 |
| 5.402% due 06/25/2034 ~  | 308 | 285 |
| 5.500% due 07/25/2037  | 226 | 90 |
| 5.750% due 12/25/2035  | 56 | 26 |
| 6.000% due 02/25/2037  | 203 | 89 |
| 6.000% due 03/25/2037  | 76 | 32 |
| 6.000% due 07/25/2037  | 162 | 69 |
| 6.224% due 02/20/2036 •  | 6 | 6 |
| 6.500% due 11/25/2036  | 525 | 152 |
| 6.507% due 08/25/2034 ~  | 13 | 12 |
| **CHL Reperforming Loan Trust REMICS** <br>6.000% due 03/25/2035 | 19 | 22 |
| **CIM Trust** <br>5.500% due 08/25/2064 ~ | 14051 | 14183 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.072% due 09/25/2037 ~  | 9 | 9 |
| 4.112% due 10/25/2046 ~  | 63 | 56 |
| 4.244% due 12/25/2035 ~  | 57 | 35 |
| 4.487% due 09/25/2037 ~  | 171 | 158 |
| 4.712% due 01/25/2037 •  | 1097 | 966 |
| 4.765% due 03/25/2037 ~  | 33 | 28 |
| 5.059% due 07/25/2037 ~  | 308 | 275 |
| 5.482% due 08/25/2035 ~  | 4 | 4 |
| 5.500% due 12/25/2035  | 107 | 52 |
| 5.805% due 08/25/2035 ~  | 68 | 68 |
| 6.250% due 11/25/2037 ~  | 93 | 37 |
| 6.310% due 11/25/2035 •  | 9 | 9 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.480% due 10/25/2035 •  | 28 | 29 |
| **CitiMortgage Alternative Loan Trust**  |  |  |
| 6.000% due 06/25/2037  | 5796 | 5098 |
| 6.500% due 06/25/2037  | 61 | 55 |
| **COMM Mortgage Trust** <br>3.545% due 02/10/2036 | 1667 | 1650 |
| **Community Program Loan Trust** <br>4.500% due 04/01/2029 | 1 | 1 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.132% due 05/25/2036 ~  | 6 | 5 |
| 4.273% due 08/25/2035 ~  | 101 | 95 |
| 4.333% due 06/25/2037 ~  | 29 | 28 |
| 4.430% due 02/20/2047 •  | 674 | 545 |
| 4.552% due 08/25/2037 •  | 278 | 261 |
| 4.622% due 11/25/2036 •  | 2813 | 2622 |
| 4.632% due 11/25/2036 •  | 14 | 19 |
| 4.632% due 05/25/2047 •  | 514 | 477 |
| 4.652% due 07/25/2046 •  | 17 | 19 |
| 4.652% due 09/25/2046 •  | 149 | 146 |
| 4.670% due 07/20/2046 •  | 20 | 17 |
| 4.712% due 05/25/2035 •  | 562 | 531 |
| 4.772% due 05/25/2035 •  | 1072 | 933 |
| 4.772% due 06/25/2035 •  | 58 | 55 |
| 4.792% due 07/25/2035 •  | 60 | 54 |
| 4.792% due 12/25/2035 •  | 416 | 387 |
| 4.856% due 11/25/2035 ~  | 39 | 36 |
| 4.892% due 08/25/2035 •  | 63 | 58 |
| 5.153% due 02/25/2036 •  | 207 | 190 |
| 5.403% due 11/25/2047 •  | 354 | 317 |
| 5.443% due 11/20/2035 •  | 3625 | 3264 |
| 5.500% due 11/25/2035  | 62 | 35 |
| 5.500% due 02/25/2036  | 43 | 24 |
| 5.533% due 11/25/2047 •  | 984 | 881 |
| 5.732% due 11/25/2035 •  | 524 | 492 |
| 5.750% due 03/25/2037 •  | 79 | 41 |
| 5.750% due 07/25/2037  | 12 | 7 |
| 5.750% due 04/25/2047  | 91 | 46 |
| 6.000% due 12/25/2034  | 34 | 31 |
| 6.000% due 03/25/2036  | 142 | 64 |
| 6.000% due 08/25/2036 •  | 43 | 24 |
| 6.000% due 08/25/2036  | 418 | 235 |
| 6.000% due 02/25/2037  | 370 | 141 |
| 6.000% due 04/25/2037  | 5697 | 4761 |
| 6.000% due 05/25/2037  | 326 | 135 |
| 6.000% due 08/25/2037 •  | 328 | 154 |
| 6.250% due 11/25/2036  | 50 | 37 |
| 6.500% due 05/25/2036  | 1231 | 554 |
| 6.500% due 12/25/2036  | 59 | 25 |
| 6.500% due 08/25/2037  | 338 | 142 |
| 8.051% due 07/25/2035 •  | 19 | 18 |
| **Countrywide Alternative Loan Trust Resecuritization**  |  |  |
| 3.948% due 08/25/2037 ~  | 46 | 20 |
| 6.000% due 08/25/2037 ~  | 48 | 22 |
| **Credit Suisse First Boston Mortgage Securities Corp.**  |  |  |
| 5.063% due 03/25/2032 ~  | 5 | 5 |
| 5.422% due 09/25/2034 •  | 11 | 21 |
| **CSMC Trust**  |  |  |
| 1.756% due 10/25/2066 ~  | 6646 | 5876 |
| 3.431% due 11/10/2032  | 1200 | 961 |
| 3.500% due 04/26/2038 ~  | 100 | 97 |
| 3.843% due 04/28/2037 ~  | 97 | 91 |
| 4.136% due 12/27/2060 ~  | 2628 | 2620 |
| **DBGS Mortgage Trust** <br>5.660% due 10/15/2036 •  | 1000 | 993 |
| **Deephaven Residential Mortgage Trust** <br>0.899% due 04/25/2066 ~ | 2397 | 2134 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust** <br>4.652% due 08/25/2047 •  | 149 | 138 |
| **Deutsche Alt-B Securities, Inc. Mortgage Loan Trust** <br>4.572% due 04/25/2037 •  | 162 | 114 |
| **Deutsche Mortgage & Asset Receiving Corp.** <br>3.833% due 11/27/2036 •  | 2 | 2 |
| **DSLA Mortgage Loan Trust** <br>4.888% due 07/19/2045 •  | 3 | 0 |
| **Eurosail-U.K. PLC** <br>5.055% due 06/13/2045 •  | 676 | 910 |
| **First Horizon Alternative Mortgage Securities Trust**  |  |  |
| 4.347% due 01/25/2036 ~  | $121 | 58 |
| 5.326% due 04/25/2036 ~  | 40 | 33 |
| **First Horizon Mortgage Pass-Through Trust** <br>5.719% due 11/25/2037 ~ | 15 | 11 |
| **GMACM Mortgage Loan Trust** <br>3.837% due 11/19/2035 ~ | 79 | 58 |
| **GreenPoint Mortgage Funding Trust**  |  |  |
| 4.672% due 05/25/2037 •  | 1401 | 1372 |
| 4.672% due 12/25/2046 •  | 158 | 156 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **GS** **Mortgage Securities Trust** <br>3.722% due 10/10/2049 ~ | 5000 | 4360 |
| **GSC Capital Corp. Mortgage Trust** <br>4.632% due 05/25/2036 •  | 46 | 44 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.431% due 04/25/2035 ~  | 14 | 12 |
| 5.191% due 09/25/2035 ~  | 49 | 47 |
| 5.272% due 04/25/2035 ~  | 12 | 12 |
| 5.381% due 09/25/2035 ~  | 16 | 14 |
| 6.120% due 11/25/2035 ~  | 84 | 42 |
| 6.300% due 09/25/2034 ~  | 20 | 21 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.304% due 06/19/2036 ~  | 114 | 46 |
| 4.628% due 01/19/2038 •  | 19 | 17 |
| 4.658% due 12/19/2036 •  | 4437 | 3517 |
| 4.688% due 05/19/2035 •  | 995 | 962 |
| 4.728% due 12/19/2036 •  | 2311 | 2197 |
| 4.748% due 01/19/2036 •  | 71 | 46 |
| 4.748% due 01/19/2038 •  | 24 | 36 |
| 4.754% due 12/19/2035 ~  | 65 | 32 |
| 4.928% due 01/19/2035 •  | 16 | 16 |
| 5.227% due 07/19/2045 •  | 22 | 19 |
| **IndyMac IMSC Mortgage Loan Trust** <br>4.632% due 07/25/2047 •  | 164 | 107 |
| **IndyMac INDA Mortgage Loan Trust** <br>3.644% due 08/25/2036 ~ | 1266 | 987 |
| **IndyMac INDB Mortgage Loan Trust** <br>4.872% due 11/25/2035 •  | 111 | 63 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 3.197% due 06/25/2037 ~  | 48 | 39 |
| 3.462% due 06/25/2036 ~  | 668 | 579 |
| 3.561% due 06/25/2036 ~  | 3248 | 2223 |
| 3.656% due 10/25/2035 ~  | 439 | 353 |
| 3.686% due 08/25/2035 ~  | 423 | 315 |
| 3.953% due 11/25/2035 ~  | 70 | 67 |
| 4.049% due 09/25/2035 ~  | 42 | 35 |
| 4.567% due 06/25/2035 ~  | 15 | 14 |
| 4.652% due 09/25/2046 •  | 66 | 61 |
| **JP Morgan Alternative Loan Trust**  |  |  |
| 4.592% due 10/25/2036 •  | 2333 | 2158 |
| 4.647% due 12/25/2036 ~  | 3 | 3 |
| 4.946% due 06/27/2037 •  | 1209 | 714 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 1.974% due 01/05/2040  | 2940 | 2691 |
| 7.235% due 10/05/2040  | 3200 | 3390 |
| **JP Morgan Mortgage Trust**  |  |  |
| 3.000% due 04/25/2052 ~  | 8388 | 7305 |
| 4.983% due 11/25/2035 ~  | 31 | 24 |
| 5.258% due 06/25/2037 ~  | 53 | 41 |
| 5.425% due 11/25/2035 ~  | 22 | 18 |
| 5.485% due 01/25/2037 ~  | 6 | 5 |
| 5.913% due 07/25/2035 ~  | 37 | 37 |
| 6.000% due 01/25/2036  | 94 | 42 |
| 6.262% due 07/25/2035 ~  | 56 | 56 |
| 6.841% due 09/25/2034 ~  | 45 | 45 |
| **Lavender Trust** <br>6.250% due 10/26/2036 | 206 | 92 |
| **Legacy Mortgage Asset Trust** <br>5.750% due 07/25/2061 þ | 1458 | 1459 |
| **Lehman Mortgage Trust**  |  |  |
| 4.352% due 12/25/2035 ~  | 172 | 26 |
| 5.033% due 01/25/2036 ~  | 32 | 31 |
| 6.000% due 07/25/2036  | 55 | 28 |
| **Lehman XS Trust**  |  |  |
| 4.542% due 02/25/2036 •  | 3268 | 3080 |
| 4.652% due 11/25/2046 •  | 6900 | 6155 |
| 4.672% due 08/25/2046 •  | 21 | 22 |
| 4.752% due 11/25/2046 •  | 7 | 10 |
| **Luminent Mortgage Trust**  |  |  |
| 4.612% due 12/25/2036 •  | 314 | 276 |
| 4.672% due 10/25/2046 •  | 87 | 80 |
| **MASTR Adjustable Rate Mortgages Trust** <br>4.752% due 05/25/2037 •  | 80 | 31 |
| **MASTR Reperforming Loan Trust**  |  |  |
| 7.000% due 05/25/2035  | 592 | 388 |
| 8.000% due 07/25/2035  | 577 | 401 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Trust** <br>5.137% due 10/20/2029 •  | 8 | 8 |
| **Merrill Lynch Alternative Note Asset Trust**  |  |  |
| 4.592% due 01/25/2037 •  | 101 | 30 |
| 4.872% due 03/25/2037 •  | 716 | 167 |
| 6.000% due 05/25/2037  | 115 | 88 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.732% due 04/25/2029 •  | 7 | 7 |
| 4.932% due 09/25/2029 •  | 1 | 1 |
| 4.932% due 11/25/2029 •  | 14 | 12 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.601% due 02/25/2036 ~  | 13 | 13 |
| 5.655% due 07/25/2029 •  | 5 | 5 |
| 5.943% due 11/25/2035 •  | 22 | 21 |
| 6.250% due 10/25/2036  | 1020 | 372 |
| **Morgan Stanley Capital I Trust**  |  |  |
| 2.509% due 04/05/2042 ~  | 5000 | 4420 |
| 3.912% due 09/09/2032  | 3180 | 2892 |
| **Morgan Stanley Dean Witter Capital I, Inc. Trust** <br>5.219% due 03/25/2033 ~ | 12 | 11 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 3.582% due 07/25/2035 ~  | 954 | 854 |
| 4.592% due 01/25/2035 •  | 9 | 8 |
| 6.000% due 10/25/2037  | 67 | 34 |
| 6.126% due 06/25/2036 ~  | 10 | 10 |
| **Morgan Stanley Re-REMICS Trust**  |  |  |
| 3.008% due 02/26/2037 •  | 78 | 74 |
| 5.500% due 10/26/2035 ~  | 4721 | 2903 |
| 7.306% due 03/26/2037 þ  | 41 | 43 |
| **NAAC Reperforming Loan REMICS Trust** <br>7.500% due 03/25/2034 | 226 | 212 |
| **New Residential Mortgage Loan Trust** <br>6.864% due 10/25/2063 þ | 8321 | 8444 |
| **NLT Trust** <br>1.162% due 08/25/2056 ~ | 3131 | 2750 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust** <br>0.000% due 02/25/2036 ~ | 21 | 0 |
| **Nomura Resecuritization Trust** <br>6.500% due 10/26/2037 | 4359 | 1799 |
| **NYO Commercial Mortgage Trust** <br>5.360% due 11/15/2038 •  | 1200 | 1197 |
| **OBX Trust**  |  |  |
| 6.120% due 11/25/2062 ~  | 2282 | 2281 |
| 7.045% due 09/25/2063 þ  | 1413 | 1434 |
| 7.159% due 10/25/2063 þ  | 3290 | 3348 |
| **PRET Trust** <br>4.000% due 03/25/2065 «þ | 4000 | 3893 |
| **RALI Trust**  |  |  |
| 4.572% due 08/25/2035 •  | 64 | 45 |
| 4.612% due 12/25/2036 •  | 141 | 127 |
| 4.672% due 05/25/2047 •  | 50 | 46 |
| 4.692% due 06/25/2037 •  | 45 | 40 |
| 4.772% due 08/25/2037 •  | 102 | 98 |
| 4.903% due 02/25/2035 ~  | 137 | 122 |
| 5.072% due 10/25/2045 •  | 51 | 36 |
| 5.818% due 02/25/2036 ~  | 74 | 63 |
| 6.000% due 09/25/2035  | 456 | 402 |
| 6.000% due 06/25/2036  | 2121 | 1738 |
| 8.000% due 04/25/2036 •  | 56 | 48 |
| **RCKT Mortgage Trust** <br>5.582% due 12/25/2044 þ | 1721 | 1741 |
| **Residential Asset Securitization Trust**  |  |  |
| 6.000% due 06/25/2036  | 167 | 63 |
| 6.000% due 11/25/2036  | 123 | 42 |
| 6.000% due 03/25/2037  | 98 | 30 |
| 6.250% due 11/25/2036  | 84 | 30 |
| 6.500% due 04/25/2037  | 1138 | 303 |
| **RFMSI Trust**  |  |  |
| 5.226% due 03/25/2035 ~  | 668 | 430 |
| 6.000% due 09/25/2036  | 86 | 69 |
| **STARM Mortgage Loan Trust** <br>6.614% due 02/25/2037 ~ | 51 | 47 |
| **Starwood Mortgage Residential Trust** <br>0.943% due 05/25/2065 ~ | 760 | 718 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.260% due 09/25/2036 ~  | 1409 | 949 |
| 4.326% due 07/25/2037 ~  | 3 | 2 |
| 4.509% due 10/25/2036 ~  | 77 | 38 |
| 4.574% due 02/25/2036 ~  | 134 | 99 |
| 4.592% due 10/25/2035 •  | 455 | 439 |
| 5.007% due 06/25/2034 •  | 139 | 136 |
| 5.361% due 10/25/2034 ~  | 4 | 4 |
| 5.553% due 05/25/2035 •  | 179 | 140 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.532% due 03/25/2037 •  | 63 | 24 |
| 4.632% due 09/25/2047 •  | 30 | 28 |
| 4.652% due 06/25/2036 •  | 1349 | 1335 |
| 4.652% due 07/25/2046 •  | 268 | 189 |
| 4.652% due 09/25/2047 •  | 295 | 277 |
| 4.672% due 05/25/2036 •  | 377 | 311 |
| 4.692% due 09/25/2047 •  | 564 | 494 |
| 4.712% due 05/25/2046 •  | 673 | 230 |
| 4.792% due 05/25/2046 •  | 28 | 17 |
| 4.948% due 03/19/2034 •  | 77 | 73 |
| 4.948% due 02/19/2035 •  | 46 | 44 |
| 6.226% due 02/25/2036 •  | 185 | 159 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Structured** **Asset Mortgage Investments Trust** <br>4.988% due 12/19/2033 •  | 67 | 66 |
| **Suntrust Alternative Loan Trust** <br>6.000% due 12/25/2035 | 140 | 130 |
| **TBW Mortgage-Backed Trust** <br>5.965% due 07/25/2037 ~ | 2617 | 758 |
| **Thornburg Mortgage Securities Trust**  |  |  |
| 4.072% due 09/25/2037 ~  | 6 | 6 |
| 4.912% due 09/25/2043 •  | 61 | 61 |
| 5.012% due 09/25/2034 •  | 10 | 10 |
| **Towd Point Mortgage Trust**  |  |  |
| 3.750% due 02/25/2059 ~  | 4487 | 4401 |
| 4.562% due 10/25/2064 ~  | 4571 | 4606 |
| **VASA Trust** <br>5.165% due 07/15/2039 •  | 1000 | 980 |
| **Verus Securitization Trust** <br>1.824% due 11/25/2066 ~ | 2829 | 2623 |
| **Wachovia Mortgage Loan Trust LLC** <br>7.280% due 10/20/2035 ~ | 5 | 5 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.161% due 12/25/2036 ~  | 562 | 511 |
| 4.206% due 12/25/2036 ~  | 57 | 51 |
| 4.554% due 08/25/2036 ~  | 45 | 42 |
| 4.812% due 12/25/2045 •  | 2 | 2 |
| 4.853% due 02/25/2047 •  | 993 | 919 |
| 4.903% due 06/25/2047 •  | 23 | 19 |
| 4.912% due 01/25/2045 •  | 72 | 72 |
| 4.963% due 07/25/2047 •  | 7670 | 6503 |
| 5.012% due 11/25/2034 •  | 60 | 58 |
| 5.052% due 10/25/2044 •  | 325 | 319 |
| 5.092% due 11/25/2045 •  | 84 | 79 |
| 5.153% due 08/25/2046 •  | 461 | 424 |
| 5.252% due 11/25/2034 •  | 164 | 160 |
| 5.353% due 11/25/2042 •  | 6 | 6 |
| 5.471% due 08/25/2033 ~  | 76 | 75 |
| 5.653% due 11/25/2046 •  | 137 | 122 |
| **Washington Mutual Mortgage Pass-Through Certificates WMALT Trust**  |  |  |
| 3.918% due 09/25/2036 þ  | 119 | 31 |
| 4.722% due 05/25/2035 •  | 171 | 145 |
| 4.853% due 04/25/2047 •  | 195 | 161 |
| 4.923% due 04/25/2047 •  | 285 | 237 |
| **Wells Fargo Alternative Loan Trust** <br>6.443% due 07/25/2037 ~ | 20 | 18 |
| **Wells Fargo Mortgage-Backed Securities Trust**  |  |  |
| 6.000% due 06/25/2037  | 20 | 19 |
| 6.502% due 10/25/2036 ~  | 106 | 97 |
| Total Non-Agency Mortgage-Backed Securities (Cost $236,183) |  | 220373 |
| **ASSET-BACKED SECURITIES 28.7%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.3%**  |  |  |
| **Carvana Auto Receivables Trust**  |  |  |
| 4.610% due 11/10/2027  | 692 | 693 |
| 5.330% due 07/10/2029  | 1000 | 1009 |
| 5.630% due 11/10/2027  | 161 | 161 |
| 5.900% due 08/10/2027  | 217 | 217 |
| **Citizens Auto Receivables Trust** <br>5.840% due 01/18/2028 | 1146 | 1154 |
| **Ford Auto Securitization Trust** <br>4.972% due 03/15/2030 | 2400 | 1791 |
| **Octane Receivables Trust** <br>6.440% due 03/20/2029 | $933 | 939 |
|  |  | 5964 |
| **CMBS OTHER 1.6%**  |  |  |
| **ACRES LLC** <br>5.755% due 08/18/2040 •  | 9900 | 9933 |
| **BSPRT Issuer Ltd.** <br>6.446% due 07/15/2039 •  | 1990 | 1995 |
| **Greystone CRE Notes LLC** <br>5.631% due 01/15/2043 •  | 7000 | 7018 |
| **MF1 LLC** <br>5.456% due 02/18/2040 •  | 5500 | 5507 |
| **MF1 Ltd.** <br>5.484% due 02/19/2037 •  | 1653 | 1655 |
| **TRTX Issuer Ltd.** <br>5.457% due 03/15/2038 •  | 1864 | 1866 |
|  |  | 27974 |
| **HOME EQUITY OTHER 10.4%**  |  |  |
| **Aames Mortgage Investment Trust** <br>5.052% due 10/25/2035 •  | 36 | 36 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **ABFC** **Trust**  |  |  |
| 4.552% due 11/25/2036 •  | 7399 | 4741 |
| 5.272% due 06/25/2037 •  | 126 | 107 |
| **Accredited Mortgage Loan Trust** <br>4.532% due 09/25/2036 •  | 861 | 859 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.492% due 12/25/2036 •  | 281 | 71 |
| 4.552% due 07/25/2036 •  | 89 | 73 |
| 4.582% due 08/25/2036 •  | 172 | 168 |
| 4.872% due 02/25/2036 •  | 4 | 4 |
| 4.887% due 12/25/2035 •  | 1404 | 1337 |
| 4.932% due 11/25/2035 •  | 11 | 12 |
| 5.172% due 12/25/2034 •  | 87 | 80 |
| 5.202% due 02/25/2036 •  | 49 | 46 |
| 5.247% due 06/25/2034 •  | 270 | 257 |
| **Aegis Asset-Backed Securities Trust**  |  |  |
| 4.917% due 12/25/2035 •  | 135 | 128 |
| 4.972% due 03/25/2035 •  | 21 | 21 |
| 4.992% due 06/25/2035 •  | 61 | 59 |
| 5.272% due 03/25/2035 •  | 25 | 24 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.977% due 11/25/2035 •  | 24 | 24 |
| 5.382% due 03/25/2035 •  | 101 | 100 |
| **Amortizing Residential Collateral Trust** <br>5.272% due 10/25/2034 •  | 63 | 64 |
| **Argent Securities Trust**  |  |  |
| 4.422% due 09/25/2036 •  | 713 | 230 |
| 4.652% due 03/25/2036 •  | 262 | 147 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.732% due 01/25/2036 •  | 62 | 60 |
| 4.912% due 01/25/2036 •  | 2513 | 2343 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust**  |  |  |
| 3.648% due 12/25/2036 •  | 6300 | 5853 |
| 5.172% due 06/25/2035 •  | 48 | 47 |
| **Bear Stearns Asset-Backed Securities I Trust**  |  |  |
| 4.618% due 11/25/2035 •  | 74 | 75 |
| 4.732% due 02/25/2037 •  | 10092 | 9789 |
| 5.322% due 08/25/2037 •  | 4090 | 3717 |
| 5.522% due 08/25/2037 •  | 7 | 7 |
| **Bear Stearns Asset-Backed Securities Trust**  |  |  |
| 4.947% due 08/25/2036 •  | 5 | 5 |
| 5.185% due 03/25/2034 •  | 1372 | 1450 |
| 5.452% due 06/25/2043 •  | 421 | 418 |
| **Carrington Mortgage Loan Trust**  |  |  |
| 4.492% due 01/25/2037 •  | 1200 | 930 |
| 4.532% due 02/25/2037 •  | 2898 | 2806 |
| 5.322% due 05/25/2035 •  | 166 | 162 |
| **CIT Mortgage Loan Trust** <br>6.522% due 10/25/2037 •  | 4085 | 4137 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.442% due 05/25/2037 •  | 9839 | 8706 |
| 5.007% due 09/25/2035 •  | 121 | 120 |
| 5.952% due 07/25/2035 •  | 1000 | 876 |
| **Countrywide Asset-Backed Certificates**  |  |  |
| 4.772% due 01/25/2046 •  | 2810 | 2673 |
| 5.172% due 03/25/2047 •  | 48 | 38 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 3.123% due 03/25/2036 •  | 298 | 295 |
| 3.364% due 04/25/2035 •  | 27 | 26 |
| 4.265% due 10/25/2046 ~  | 3705 | 3742 |
| 4.472% due 06/25/2047 •  | 10257 | 9117 |
| 4.502% due 10/25/2047 •  | 15 | 15 |
| 4.522% due 06/25/2047 •  | 115 | 112 |
| 4.532% due 04/25/2046 •  | 2623 | 2506 |
| 4.552% due 06/25/2035 •  | 5869 | 5382 |
| 4.552% due 02/25/2037 •  | 3125 | 2984 |
| 4.672% due 09/25/2037 •  | 2133 | 1970 |
| 4.712% due 09/25/2037 •  | 164 | 174 |
| 4.712% due 09/25/2047 •  | 403 | 408 |
| 4.992% due 07/25/2034 •  | 6 | 7 |
| 5.172% due 10/25/2034 •  | 19 | 19 |
| 5.772% due 02/25/2035 •  | 50 | 50 |
| **Credit-Based Asset Servicing & Securitization LLC**  |  |  |
| 4.392% due 07/25/2037 •  | 7 | 5 |
| 4.492% due 07/25/2037 •  | 154 | 102 |
| **Delta Funding Home Equity Loan Trust** <br>4.905% due 08/15/2030 •  | 13 | 13 |
| **EMC Mortgage Loan Trust** <br>5.012% due 05/25/2040 •  | 5 | 5 |
| **First NLC Trust**  |  |  |
| 2.595% due 05/25/2035 •  | 561 | 506 |
| 4.342% due 08/25/2037 •  | 39 | 20 |
| **Fremont Home Loan Trust**  |  |  |
| 4.422% due 01/25/2037 •  | 197 | 91 |
| 4.592% due 08/25/2036 •  | 174 | 54 |
| 4.612% due 02/25/2036 •  | 15 | 15 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.612% due 02/25/2037 •  | 663 | 205 |
| 4.812% due 02/25/2036 •  | 300 | 277 |
| 4.812% due 04/25/2036 •  | 2586 | 2370 |
| 5.062% due 12/25/2029 •  | 4 | 4 |
| **GSAA Home Equity Trust** <br>4.512% due 04/25/2047 •  | 42 | 39 |
| **GSAMP Trust**  |  |  |
| 4.362% due 01/25/2037 •  | 1913 | 1174 |
| 4.392% due 12/25/2036 •  | 1419 | 703 |
| 4.412% due 12/25/2036 •  | 6078 | 3252 |
| 4.412% due 01/25/2037 •  | 34593 | 21511 |
| 4.572% due 09/25/2036 •  | 2597 | 899 |
| 4.572% due 12/25/2046 •  | 417 | 207 |
| 4.672% due 11/25/2036 •  | 362 | 169 |
| 4.732% due 12/25/2046 •  | 125 | 62 |
| 4.752% due 06/25/2036 •  | 174 | 96 |
| 4.812% due 04/25/2036 •  | 212 | 144 |
| 5.922% due 10/25/2034 •  | 12 | 12 |
| **Home Equity Asset Trust** <br>5.367% due 05/25/2035 •  | 14 | 14 |
| **Home Equity Loan Trust**  |  |  |
| 4.502% due 04/25/2037 •  | 307 | 300 |
| 4.612% due 04/25/2037 •  | 500 | 449 |
| **Home Equity Mortgage Loan Asset-Backed Trust**  |  |  |
| 4.412% due 11/25/2036 •  | 198 | 187 |
| 4.432% due 11/25/2036 •  | 159 | 146 |
| 4.592% due 04/25/2037 •  | 163 | 145 |
| **HSI Asset Securitization Corp. Trust**  |  |  |
| 4.492% due 12/25/2036 •  | 188 | 47 |
| 4.612% due 12/25/2036 •  | 855 | 204 |
| 4.712% due 12/25/2036 •  | 570 | 136 |
| 5.052% due 11/25/2035 •  | 1977 | 1851 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 4.677% due 07/25/2036 •  | 86 | 85 |
| 6.337% due 08/25/2036 þ  | 83 | 49 |
| **Lehman ABS Mortgage Loan Trust**  |  |  |
| 4.362% due 06/25/2037 •  | 143 | 95 |
| 4.472% due 06/25/2037 •  | 115 | 77 |
| **Long Beach Mortgage Loan Trust**  |  |  |
| 5.322% due 06/25/2035 •  | 251 | 247 |
| 5.547% due 02/25/2035 •  | 5795 | 5707 |
| 5.697% due 03/25/2032 •  | 8 | 12 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 4.492% due 08/25/2036 •  | 130 | 46 |
| 4.572% due 08/25/2036 •  | 215 | 76 |
| 4.632% due 02/25/2036 •  | 278 | 101 |
| 4.712% due 11/25/2036 •  | 3294 | 1949 |
| 4.752% due 06/25/2036 •  | 119 | 40 |
| 4.752% due 08/25/2036 •  | 129 | 46 |
| 4.772% due 11/25/2035 •  | 6478 | 3671 |
| 4.842% due 01/25/2036 •  | 77 | 77 |
| 5.022% due 12/25/2034 •  | 10 | 10 |
| 5.022% due 10/25/2035 •  | 163 | 159 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.752% due 08/25/2037 •  | 626 | 308 |
| 5.172% due 02/25/2047 •  | 726 | 431 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 4.342% due 10/25/2036 •  | 66 | 29 |
| 4.382% due 10/25/2036 •  | 539 | 282 |
| 4.412% due 10/25/2036 •  | 1974 | 868 |
| 4.412% due 11/25/2036 •  | 171 | 82 |
| 4.422% due 10/25/2036 •  | 158 | 82 |
| 4.422% due 11/25/2036 •  | 846 | 499 |
| 4.452% due 03/25/2037 •  | 298 | 127 |
| 4.472% due 02/25/2037 •  | 99 | 44 |
| 4.492% due 11/25/2036 •  | 1025 | 490 |
| 4.522% due 03/25/2037 •  | 298 | 127 |
| 4.572% due 06/25/2036 •  | 449 | 342 |
| 4.572% due 09/25/2036 •  | 310 | 107 |
| 4.872% due 12/25/2035 •  | 9538 | 8973 |
| 4.892% due 12/25/2035 •  | 63 | 62 |
| 5.172% due 05/25/2034 •  | 51 | 50 |
| 5.262% due 06/25/2035 •  | 32 | 32 |
| 5.322% due 04/25/2035 •  | 130 | 123 |
| 5.522% due 07/25/2037 •  | 400 | 352 |
| **Morgan Stanley Capital I, Inc. Trust** <br>4.852% due 01/25/2036 •  | 343 | 334 |
| **Morgan Stanley Dean Witter Capital I, Inc. Trust** <br>5.622% due 02/25/2033 •  | 154 | 165 |
| **Morgan Stanley Home Equity Loan Trust**  |  |  |
| 4.442% due 04/25/2037 •  | 415 | 216 |
| 4.502% due 04/25/2037 •  | 138 | 72 |
| 4.592% due 04/25/2036 •  | 70 | 49 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 5.695% due 11/25/2036 •  | 208 | 76 |
| 6.465% due 09/25/2046 þ  | 275 | 90 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **New** **Century Home Equity Loan Trust** <br>5.247% due 10/25/2033 •  | 604 | 604 |
| **Newcastle Mortgage Securities Trust**  |  |  |
| 4.502% due 04/25/2037 •  | 510 | 507 |
| 4.612% due 04/25/2037 •  | 4292 | 4034 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust** <br>6.532% due 10/25/2036 þ | 140 | 24 |
| **NovaStar Mortgage Funding Trust** <br>4.572% due 06/25/2036 •  | 73 | 54 |
| **Option One Mortgage Loan Trust**  |  |  |
| 4.442% due 05/25/2037 •  | 8677 | 4691 |
| 4.552% due 01/25/2037 •  | 44 | 26 |
| 4.602% due 04/25/2037 •  | 90 | 44 |
| 4.712% due 01/25/2037 •  | 178 | 104 |
| 4.812% due 01/25/2036 •  | 270 | 255 |
| 5.037% due 08/25/2035 •  | 204 | 200 |
| **Option One Mortgage Loan Trust Asset-Backed Certificates** <br>4.962% due 11/25/2035 •  | 1229 | 1190 |
| **Ownit Mortgage Loan Trust** <br>5.172% due 10/25/2036 •  | 99 | 98 |
| **Park Place Securities, Inc.** <br>5.007% due 09/25/2035 •  | 113 | 111 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 5.007% due 08/25/2035 •  | 83 | 83 |
| 5.007% due 09/25/2035 •  | 114 | 112 |
| 5.097% due 07/25/2035 •  | 917 | 887 |
| 5.322% due 10/25/2034 •  | 133 | 131 |
| 5.397% due 03/25/2035 •  | 102 | 101 |
| 6.072% due 12/25/2034 •  | 2809 | 2811 |
| **People's Financial Realty Mortgage Securities Trust** <br>4.412% due 09/25/2036 •  | 337 | 81 |
| **RAAC Trust** <br>4.972% due 11/25/2046 •  | 252 | 234 |
| **Renaissance Home Equity Loan Trust**  |  |  |
| 5.545% due 01/25/2037 þ  | 7350 | 2310 |
| 5.608% due 05/25/2036 þ  | 9550 | 4237 |
| 5.812% due 11/25/2036 þ  | 513 | 170 |
| 6.254% due 08/25/2036 þ  | 9184 | 3481 |
| 7.238% due 09/25/2037 þ  | 204 | 80 |
| **Residential Asset Mortgage Products Trust** <br>4.962% due 10/25/2035 •  | 3 | 3 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.532% due 11/25/2036 •  | 187 | 174 |
| 4.612% due 11/25/2036 •  | 206 | 194 |
| 4.932% due 12/25/2035 •  | 81 | 72 |
| 4.952% due 04/25/2037 •  | 863 | 843 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 2.825% due 01/25/2036 þ  | 39 | 33 |
| 4.452% due 07/25/2036 •  | 181 | 60 |
| 4.592% due 07/25/2036 •  | 177 | 58 |
| 4.752% due 07/25/2036 •  | 607 | 201 |
| 4.812% due 03/25/2036 •  | 89 | 82 |
| 4.947% due 01/25/2035 •  | 16 | 14 |
| **SG Mortgage Securities Trust**  |  |  |
| 4.592% due 07/25/2036 •  | 27078 | 5633 |
| 4.947% due 10/25/2035 •  | 256 | 253 |
| **Soundview Home Loan Trust**  |  |  |
| 4.352% due 06/25/2037 •  | 34 | 23 |
| 4.452% due 07/25/2037 •  | 1164 | 1057 |
| 4.492% due 02/25/2037 •  | 263 | 70 |
| 4.632% due 02/25/2037 •  | 368 | 98 |
| 4.772% due 06/25/2036 •  | 1658 | 1646 |
| 4.797% due 03/25/2036 •  | 14 | 14 |
| 5.222% due 10/25/2037 •  | 191 | 148 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 4.422% due 09/25/2036 •  | 3 | 3 |
| 4.872% due 01/25/2036 •  | 36 | 36 |
| 5.172% due 05/25/2035 •  | 188 | 185 |
| 5.202% due 09/25/2034 •  | 91 | 79 |
| 5.397% due 07/25/2033 •  | 11 | 11 |
| 5.547% due 12/25/2034 •  | 1138 | 1110 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 4.422% due 09/25/2036 •  | 26 | 25 |
| 4.692% due 02/25/2037 •  | 161 | 159 |
| 4.732% due 01/25/2037 •  | 1625 | 936 |
| 6.272% due 08/25/2037 •  | 10 | 10 |
| **Structured Asset Securities Corp. Trust** <br>4.962% due 09/25/2035 •  | 255 | 245 |
| **WaMu Asset-Backed Certificates WaMu Trust**  |  |  |
| 4.497% due 05/25/2037 •  | 4761 | 4499 |
| 4.512% due 05/25/2037 •  | 905 | 806 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Wells** **Fargo Home Equity Trust Mortgage Pass-Through Certificates** <br>4.872% due 04/25/2034 •  | 70 | 70 |
|  |  | 187390 |
| **HOME EQUITY SEQUENTIAL 0.0%**  |  |  |
| **ABFC Trust**  |  |  |
| 4.492% due 01/25/2037 •  | 286 | 161 |
| 4.592% due 01/25/2037 •  | 181 | 102 |
| 4.712% due 01/25/2037 •  | 108 | 61 |
| **JP Morgan Mortgage Acquisition Trust** <br>4.532% due 03/25/2037 •  | 62 | 61 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 4.732% due 02/25/2037 •  | 96 | 19 |
| 4.992% due 04/25/2037 •  | 196 | 51 |
| **Structured Asset Investment Loan Trust** <br>4.652% due 03/25/2036 •  | 25 | 25 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 4.612% due 12/25/2036 •  | 29 | 29 |
| 6.072% due 08/25/2037 •  | 10 | 10 |
|  |  | 519 |
| **MANUFACTURING HOUSE SEQUENTIAL 0.0%**  |  |  |
| **Conseco Finance Corp.** <br>7.060% due 02/01/2031 ~ | 166 | 153 |
| **WHOLE LOAN COLLATERAL 0.8%**  |  |  |
| **Bear Stearns Asset-Backed Securities I Trust** <br>9.455% due 03/25/2036 •  | 183 | 56 |
| **Bear Stearns Asset-Backed Securities Trust**  |  |  |
| 5.037% due 07/25/2036 ~  | 4 | 4 |
| 5.072% due 09/25/2046 •  | 62 | 60 |
| 5.125% due 10/25/2036 ~  | 30 | 13 |
| 5.472% due 06/25/2036 •  | 600 | 618 |
| **Cendant Mortgage Corp.** <br>6.000% due 07/25/2043 ~ | 6 | 6 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.672% due 11/25/2046 •  | 53 | 53 |
| 6.851% due 05/25/2036 þ  | 118 | 42 |
| **Countrywide Asset-Backed Certificates** <br>4.772% due 03/25/2036 •  | 174 | 186 |
| **First Franklin Mortgage Loan Trust**  |  |  |
| 4.552% due 12/25/2036 •  | 196 | 80 |
| 4.592% due 04/25/2036 •  | 87 | 85 |
| 4.752% due 04/25/2036 •  | 400 | 367 |
| 4.752% due 08/25/2036 •  | 90 | 88 |
| 4.992% due 11/25/2035 •  | 81 | 76 |
| 5.217% due 03/25/2035 •  | 19 | 21 |
| 5.457% due 12/25/2034 •  | 886 | 899 |
| 5.472% due 01/25/2035 •  | 36 | 37 |
| 5.697% due 10/25/2034 •  | 201 | 203 |
| **Lehman XS Trust** <br>4.442% due 02/25/2037 •  | 747 | 641 |
| **PRET LLC** <br>5.744% due 07/25/2051 þ | 1025 | 1025 |
| **RAAC Trust**  |  |  |
| 4.872% due 06/25/2044 •  | 17 | 15 |
| 4.872% due 09/25/2045 •  | 361 | 357 |
| 5.772% due 09/25/2047 •  | 394 | 393 |
| **Residential Asset Mortgage Products Trust**  |  |  |
| 4.832% due 09/25/2036 •  | 59 | 55 |
| 4.872% due 05/25/2036 •  | 545 | 464 |
| 4.912% due 01/25/2036 •  | 322 | 300 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.552% due 05/25/2036 •  | 3698 | 2002 |
| 4.772% due 05/25/2036 •  | 769 | 416 |
| 4.932% due 08/25/2035 •  | 84 | 64 |
| 5.232% due 01/25/2036 •  | 23 | 22 |
| **Specialty Underwriting & Residential Finance Trust**  |  |  |
| 4.542% due 04/25/2037 •  | 105 | 77 |
| 4.570% due 12/25/2036 •  | 674 | 668 |
| 4.572% due 09/25/2037 •  | 6737 | 4684 |
| 4.572% due 11/25/2037 •  | 578 | 319 |
| 5.247% due 12/25/2035 •  | 36 | 36 |
|  |  | 14432 |
| **OTHER ABS 15.6%**  |  |  |
| **AASET MT-1 Ltd.** <br>5.522% due 02/16/2050 | 4419 | 4474 |
| **Anchorage Capital CLO 21 Ltd.** <br>5.375% due 10/20/2034 •  | 4300 | 4304 |
| **ARES XXVII CLO Ltd.** <br>5.464% due 10/28/2034 •  | 4600 | 4608 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Atlantic** **Avenue Ltd.** <br>5.585% due 01/20/2035 •  | 6200 | 6208 |
| **Atlas Senior Loan Fund XV Ltd.** <br>5.539% due 10/23/2032 •  | 6128 | 6136 |
| **Atlas Senior Loan Fund XVIII Ltd.** <br>5.439% due 01/18/2035 •  | 2100 | 2108 |
| **Aurium CLO III DAC** <br>2.922% due 04/16/2030 •  | 2020 | 2375 |
| **Bain Capital Credit CLO Ltd.**  |  |  |
| 5.309% due 04/23/2035 •  | $3700 | 3713 |
| 5.355% due 10/21/2034 •  | 3200 | 3203 |
| 5.379% due 07/24/2034 •  | 2000 | 2003 |
| 5.525% due 10/20/2034 •  | 7500 | 7513 |
| **Carlyle Global Market Strategies CLO Ltd.** <br>5.415% due 07/20/2034 •  | 6000 | 6003 |
| **CarVal CLO III Ltd.** <br>5.315% due 07/20/2032 •  | 7071 | 7078 |
| **Cedar Funding VI CLO Ltd.** <br>5.637% due 04/20/2034 •  | 3750 | 3756 |
| **DataBank Issuer II LLC** <br>5.180% due 09/27/2055 | 3000 | 3009 |
| **Domino's Pizza Master Issuer LLC**  |  |  |
| 4.930% due 07/25/2055  | 10600 | 10687 |
| 5.217% due 07/25/2055  | 6700 | 6775 |
| **Dryden 27 R Euro CLO DAC** <br>2.686% due 04/15/2033 •  | 7234 | 8477 |
| **Dryden 95 CLO Ltd.** <br>5.244% due 08/20/2034 •  | $3600 | 3603 |
| **ECMC Group Student Loan Trust** <br>5.221% due 02/27/2068 •  | 3749 | 3737 |
| **Elevation CLO Ltd.** <br>5.448% due 07/25/2034 •  | 7000 | 7012 |
| **Fortress Credit BSL VII Ltd.** <br>5.409% due 07/23/2032 •  | 2455 | 2457 |
| **Gallatin CLO VIII Ltd.** <br>5.669% due 07/15/2031 •  | 3388 | 3392 |
| **Hayfin Emerald CLO X DAC** <br>0.000% due 10/18/2039 •(a) | 1000 | 1176 |
| **IFC Emerging Markets Securitization Ltd.** <br>5.454% due 12/31/2035 •  | $4400 | 4400 |
| **Invesco Euro CLO I DAC** <br>2.676% due 07/15/2031 •  | 634 | 745 |
| **KKR CLO 9 Ltd.** <br>5.529% due 07/15/2030 •  | $794 | 795 |
| **LCM 31 Ltd.** <br>5.605% due 07/20/2034 •  | 5600 | 5607 |
| **LCM 35 Ltd.** <br>5.398% due 10/15/2034 •  | 11900 | 11914 |
| **LCM 36 Ltd.** <br>5.388% due 01/15/2034 •  | 2000 | 2006 |
| **MACH 1 Cayman Ltd.** <br>3.474% due 10/15/2039 | 418 | 413 |
| **Madison Park Euro Funding XIV DAC** <br>2.826% due 07/15/2032 •  | 5671 | 6665 |
| **Madison Park Funding XLIX Ltd.** <br>5.375% due 10/19/2034 •  | $5300 | 5309 |
| **Madison Park Funding XLVI Ltd.** <br>5.318% due 10/15/2034 •  | 4900 | 4905 |
| **METAL LLC** <br>4.581% due 10/15/2042 | 2560 | 1728 |
| **Mountain View CLO XIV Ltd.** <br>6.813% due 10/15/2034 •  | 11200 | 11216 |
| **Navesink CLO 2 Ltd.** <br>5.588% due 04/15/2036 •  | 6000 | 6005 |
| **Navient Private Education Loan Trust** <br>4.100% due 12/16/2058 ~ | 195 | 194 |
| **Navient Student Loan Trust** <br>7.230% due 03/15/2072 | 2200 | 2395 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.670% due 06/22/2065  | 8950 | 8928 |
| 6.589% due 02/20/2041 •  | 2662 | 2720 |
| **Ocean Trails CLO 8** <br>5.608% due 07/15/2034 •  | 4800 | 4807 |
| **OFSI BSL X Ltd.** <br>5.595% due 04/20/2034 •  | 3700 | 3704 |
| **Pagaya AI Debt Selection Trust** <br>6.117% due 12/15/2031 | 343 | 346 |
| **Pagaya AI Debt Trust** <br>9.099% due 04/15/2031 | 162 | 162 |
| **Palmer Square European Loan Funding DAC**  |  |  |
| 0.000% due 07/15/2035 «•(a)  | 2300 | 2700 |
| 4.053% due 02/15/2035 •  | 2100 | 2473 |
| **Parallel Ltd.** <br>5.428% due 07/15/2034 •  | $6000 | 6005 |
| **Pikes Peak CLO 2** <br>5.549% due 10/11/2034 •  | 8200 | 8210 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **QTS** **Issuer ABS II LLC** <br>5.044% due 10/05/2055 | 2500 | 2514 |
| **Rockford Tower Europe CLO DAC** <br>3.292% due 08/29/2036 •  | 1400 | 1649 |
| **Romark CLO V Ltd.** <br>5.476% due 01/15/2035 •  | $5600 | 5622 |
| **Romark Credit Funding Ltd.** <br>5.423% due 07/29/2043 | 2700 | 2707 |
| **Sandstone Peak Ltd.** <br>5.598% due 10/15/2034 •  | 7000 | 7016 |
| **Slam Ltd.** <br>5.335% due 09/15/2049 | 3794 | 3831 |
| **SLM Private Education Loan Trust** <br>9.015% due 10/15/2041 •  | 1359 | 1426 |
| **SMB Private Education Loan Trust** <br>3.500% due 12/16/2041 | 500 | 490 |
| **TCW CLO AMR Ltd.** <br>5.484% due 08/16/2034 •  | 7100 | 7111 |
| **Trinitas CLO VI Ltd.** <br>5.648% due 01/25/2034 •  | 9500 | 9499 |
| **Trinitas CLO XIX Ltd.** <br>5.435% due 10/20/2033 •  | 2900 | 2906 |
| **Trinitas Euro CLO I DAC** <br>3.232% due 07/15/2039 •  | 2100 | 2472 |
| **VB-S1 Issuer LLC** <br>3.706% due 02/15/2057 | $1400 | 1289 |
| **Verdelite Static CLO Ltd.** <br>5.455% due 07/20/2032 •  | 6021 | 6025 |
| **Voya CLO Ltd.** <br>5.385% due 04/20/2034 •  | 7100 | 7109 |
| **Wave LLC** <br>3.597% due 09/15/2044 | 1194 | 1155 |
|  |  | 280980 |
| Total Asset-Backed Securities (Cost $549,632) |  | 517412 |
| **SOVEREIGN ISSUES 8.0%**  |  |  |
| **Brazil Government International Bonds** <br>6.125% due 03/15/2034 | 11500 | 11782 |
| **European Union** <br>2.875% due 10/05/2029 | 77600 | 92657 |
| **Mexico Government International Bonds** <br>6.000% due 05/13/2030 | $1600 | 1682 |
| **Peru Government International Bonds** <br>5.400% due 08/12/2034 | 600 | 167 |
| **Province of Ontario** <br>3.800% due 12/02/2034 | 8000 | 5827 |
| **Republic of South Africa Government Bonds**  |  |  |
| 6.250% due 03/31/2036  | 30174 | 1387 |
| 8.750% due 01/31/2044  | 36814 | 1856 |
| 8.750% due 02/28/2048  | 22640 | 1133 |
| 8.875% due 02/28/2035  | 444988 | 25314 |
| 9.000% due 01/31/2040  | 36655 | 1944 |
| Total Sovereign Issues (Cost $133,406) |  | 143749 |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **INDUSTRIALS 0.0%**  |  |  |
| **Drillco Holdings Luxembourg SA «(g)** | 1575 | 35 |
| **Foresea Holdings SA «** | 623 | 13 |
| Total Common Stocks (Cost $32) |  | 48 |
| **PREFERRED SECURITIES 0.7%**  |  |  |
| **BANKING & FINANCE 0.7%**  |  |  |
| **American AgCredit Corp.**<br>5.250% due 06/15/2026 •(e) | 6000000 | 5926 |
| **Charles Schwab Corp.**<br>5.000% due 12/01/2027 •(e) | 4200000 | 4135 |
| **Farm Credit Bank of Texas**<br>7.750% due 06/15/2029 •(e) | 2500000 | 2625 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Preferred Securities (Cost $12,676) |  | <br> 12686 |
| **SHORT-TERM INSTRUMENTS 0.0%**  |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class**<br> 4.200% (f) | 568642 | 569 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **U.S. TREASURY BILLS 0.0%**  |  |  |
| 4.160% due 11/28/2025 - 01/27/2026 (b)(c)(k) | $309 | 307 |
| Total Short-Term Instruments (Cost $876) |  | 876 |
| Total Investments in Securities (Cost $2,564,927) |  | 2536153 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 7.6%**  |  |  |
| **SHORT-TERM INSTRUMENTS 7.6%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 7.6%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 14041361 | 136749 |
| Total Short-Term Instruments (Cost $136,713) |  | 136749 |
| Total Investments in Affiliates (Cost $136,713) |  | 136749 |
| Total Investments 148.2% (Cost $2,701,640) |  | $2672902 |
| **Financial Derivative Instruments (h)(j) 0.0**%(Cost or Premiums, net $4,709) |  | 191 |
| Other Assets and Liabilities, net (48.2)% |  | (869666) |
| Net Assets 100.0% |  | $1803427 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(c)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(d)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(e)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(f)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(g)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Coupon | Maturity<br> Date | Maturity<br> Date | Acquisition<br>Date | Acquisition<br>Date | Cost |  | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Blue Cross & Blue Shield of Minnesota  | Blue Cross & Blue Shield of Minnesota  | Blue Cross & Blue Shield of Minnesota  | 4.850% | 09/30/2030 | 09/30/2030 | 09/16/2025 | 09/16/2025 | 4700 | $ | 4670 | 0.27% |
| Deloitte LLP  | Deloitte LLP  | Deloitte LLP  | 5.410 | 01/30/2032 | 01/30/2032 | 10/30/2024 | 10/30/2024 | 1800 |  | 1849 | 0.10 |
| Deloitte LLP  | Deloitte LLP  | Deloitte LLP  | 5.590 | 01/30/2035 | 01/30/2035 | 10/30/2024 | 10/30/2024 | 1100 |  | 1127 | 0.06 |
| Deloitte LLP  | Deloitte LLP  | Deloitte LLP  | 5.970 | 01/30/2045 | 01/30/2045 | 10/30/2024 | 10/30/2024 | 900 |  | 905 | 0.05 |
| Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA |  |  |  | 06/08/2023 | 06/08/2023 | 32 |  | 35 | 0.00 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley | 0.000 | 04/02/2032 | 04/02/2032 | 02/11/2020 | 02/11/2020 | 7185 |  | 5779 | 0.32 |
|  |  |  |  |  |  |  |  | 15717 | $ | 14365 | 0.80%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **The average amount of borrowings outstanding during the period ended September 30, 2025 was $(19094) at a weighted average interest rate of 4.370%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended September 30, 2025 was $(19094) at a weighted average interest rate of 4.370%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended September 30, 2025 was $(19094) at a weighted average interest rate of 4.370%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended September 30, 2025 was $(19094) at a weighted average interest rate of 4.370%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended September 30, 2025 was $(19094) at a weighted average interest rate of 4.370%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended September 30, 2025 was $(19094) at a weighted average interest rate of 4.370%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended September 30, 2025 was $(19094) at a weighted average interest rate of 4.370%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended September 30, 2025 was $(19094) at a weighted average interest rate of 4.370%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended September 30, 2025 was $(19094) at a weighted average interest rate of 4.370%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended September 30, 2025 was $(19094) at a weighted average interest rate of 4.370%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended September 30, 2025 was $(19094) at a weighted average interest rate of 4.370%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** | **The average amount of borrowings outstanding during the period ended September 30, 2025 was $(19094) at a weighted average interest rate of 4.370%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** |
| **(h)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Canada Government 10-Year Bond December Futures  | Canada Government 10-Year Bond December Futures  | 12/2025 | 416 | 416 | $36605 | 36605 | $759 | 759 | $164 | 164 | $0 |
| U.S. Treasury 5-Year Note December Futures  | U.S. Treasury 5-Year Note December Futures  | 12/2025 | 15536 | 15536 | 1696458 | 1696458 | 763 | 763 | 607 | 607 | 0 |
| U.S. Treasury 10-Year Note December Futures  | U.S. Treasury 10-Year Note December Futures  | 12/2025 | 1470 | 1470 | 165375 | 165375 | (80) | (80) | 0 | 0 | (119) |
| U.S. Treasury Long-Term Bond December Futures  | U.S. Treasury Long-Term Bond December Futures  | 12/2025 | 1025 | 1025 | 119509 | 119509 | 2319 | 2319 | 0 | 0 | (256) |
| U.S. Treasury Ultra Long-Term Bond December Futures  | U.S. Treasury Ultra Long-Term Bond December Futures  | 12/2025 | 2190 | 2190 | 262937 | 262937 | 7056 | 7056 | 0 | 0 | (1232) |
|  |  |  |  |  |  |  | $10817 | 10817 | $771 | 771 | $(1607) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| U.S. Treasury 2-Year Note December Futures  | U.S. Treasury 2-Year Note December Futures  | 12/2025 | 1686 | 1686 | $(351360) | (351360) | $72 | 72 | $0 | 0 | $(184) |
| U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | 12/2025 | 5820 | 5820 | (669755) | (669755) | (6774) | (6774) | 364 | 364 | 0 |
|  |  |  |  |  |  |  | $(6702) | (6702) | $364 | 364 | $(184) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | $**4115** | **4115** | $**1135** | **1135** | $**(1791)** |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>September 30, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>September 30, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>September 30, 2025<sup>(2)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> |  | Asset | Liability |
| ZF Europe Finance BV  | ZF Europe Finance BV  | ZF Europe Finance BV  | 5.000% | Quarterly | 12/20/2029 | 12/20/2029 | 3.496 | % | % | 1500 | 117 | (16) | 101 | $ | 0 | (2) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Liability |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.261% | Annual | Annual | 02/28/2029 | $ | 116700 | $0 | $1105 | $1105 | 1105 | $0 | $(70) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.280 | Annual | Annual | 02/28/2029 |  | 116850 | 0 | 1020 | 1020 | 1020 | 0 | (71) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.281 | Annual | Annual | 02/28/2029 |  | 150700 | 0 | 1313 | 1313 | 1313 | 0 | (91) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.620 | Annual | Annual | 02/14/2030 |  | 166800 | 2636 | (3535) | (899) | (899) | 0 | (87) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.325 | Annual | Annual | 02/28/2030 |  | 264151 | (1604) | 1652 | 48 | 48 | 0 | (133) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | Annual | 08/05/2034 |  | 5800 | (22) | (86) | (108) | (108) | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.645 | Annual | Annual | 08/07/2034 |  | 5800 | (20) | 4 | (16) | (16) | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | Annual | 08/19/2034 |  | 5700 | (20) | 26 | 6 | 6 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.558 | Annual | Annual | 08/21/2034 |  | 5600 | (19) | 40 | 21 | 21 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.611 | Annual | Annual | 08/28/2034 |  | 8620 | (35) | 32 | (3) | (3) | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | Annual | 09/04/2034 |  | 5000 | (19) | 71 | 52 | 52 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.410 | Annual | Annual | 09/05/2034 |  | 5700 | (23) | 109 | 86 | 86 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.231 | Annual | Annual | 09/18/2034 |  | 5700 | (20) | 184 | 164 | 164 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.248 | Annual | Annual | 09/18/2034 |  | 5600 | (20) | 173 | 153 | 153 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | Annual | 02/12/2055 |  | 48700 | 7902 | 482 | 8384 | 8384 | 137 | 0 |
| Pay | Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 13.353 | Maturity | Maturity | 01/02/2029 | BRL | 553200 | 0 | 125 | 125 | 125 | 60 | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.750 | Semi-Annual | Semi-Annual | 12/20/2033 | AUD | 202400 | (2453) | 4197 | 1744 | 1744 | 421 | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | Semi-Annual | 02/15/2034 |  | 131300 | (272) | 428 | 156 | 156 | 278 | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.050 | Annual | Annual | 10/05/2029 | EUR | 16300 | 0 | 90 | 90 | 90 | 0 | (17) |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.056 | Annual | Annual | 10/05/2029 |  | 24200 | 0 | 125 | 125 | 125 | 0 | (25) |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.063 | Annual | Annual | 10/05/2029 |  | 37100 | 0 | 184 | 184 | 184 | 0 | (38) |
| Receive | Receive | CAONREPO | CAONREPO | CAONREPO | 3.500 | Semi-Annual | Semi-Annual | 06/01/2032 | CAD | 64000 | (1401) | (1114) | (2515) | (2515) | 0 | (122) |
|  |  |  |  |  |  |  |  |  |  |  | 4610 | 6625 | 11235 | $ | 896 | (663) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **4727** | **6609** | **11336** | **$** | **896** | **(665)** |
| **(i)** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $53,449 and cash of $12,538 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** |
| <sup>(1)</sup> | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| <sup>(</sup><sup>5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(j)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp; AZD | 10/2025  | 18338 | $11864 | $0 | $(271) |
|  |  | 10/2025  | 100058 | 116703 | 0 | (771) |
|  |  | 10/2025  | $3487 | 5310 | 27 | 0 |
|  |  | 10/2025  | 23528 | 32732 | 0 | (7) |
|  |  | 11/2025  | 5310 | $3489 | 0 | (26) |
|  |  | 11/2025  | 32680 | 23528 | 7 | 0 |
| &nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp; BOA | 10/2025  | $651 | 2189 | 10 | 0 |
|  |  | 10/2025  | 1905 | 168539 | 0 | (9) |
|  |  | 10/2025  | 823 | 1139219 | 0 | (10) |
|  |  | 10/2025  | 723 | 1256 | 5 | 0 |
|  |  | 10/2025  | 285 | 1026 | 0 | (3) |
|  |  | 10/2025  | 4518 | 187990 | 4 | 0 |
|  |  | 11/2025  | 1256 | $724 | 0 | (5) |
|  |  | 11/2025  | $269 | 898 | 3 | 0 |
|  |  | 11/2025  | 244170 | $14007 | 0 | (82) |
| &nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp; BPS | 10/2025  | 9411 | 1769 | 1 | 0 |
|  |  | 10/2025  | 19352 | 2717 | 1 | 0 |
|  |  | 10/2025  | 59262092 | 3586 | 35 | (5) |
|  |  | 10/2025  | 94013 | 1067 | 9 | 0 |
|  |  | 10/2025  | 10872 | 255 | 0 | (4) |
|  |  | 10/2025  | 178380 | 5940 | 87 | (7) |
|  |  | 10/2025  | $1720 | 9411 | 48 | 0 |
|  |  | 10/2025  | 4645 | 76687383 | 0 | (43) |
|  |  | 10/2025  | 4060 | 5610794 | 0 | (58) |
|  |  | 10/2025  | 6279 | 22837 | 6 | (3) |
|  |  | 10/2025  | 1788 | 75235 | 3 | 0 |
|  |  | 11/2025  | 11363730 | $680 | 0 | (2) |
|  |  | 11/2025  | 69427 | 780 | 0 | (1) |
|  |  | 11/2025  | 602781 | 430 | 0 | 0 |
|  |  | 11/2025  | $801 | 2691 | 12 | 0 |
|  |  | 11/2025  | 3999 | 173204 | 8 | 0 |
|  |  | 12/2025  | 20113 | $670 | 7 | 0 |
|  |  | 12/2025  | $709 | 11928410 | 6 | 0 |
|  |  | 12/2025  | 160 | 2969 | 1 | 0 |
| &nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp; BRC | 10/2025  | 3210 | $4021 | 0 | (11) |
|  |  | 10/2025  | 1251 | 1690 | 7 | 0 |
|  |  | 10/2025  | 439686 | 27 | 0 | 0 |
|  |  | 10/2025  | $4217 | 3381 | 31 | 0 |
|  |  | 10/2025  | 1035 | 766 | 0 | (4) |
|  |  | 10/2025  | 8 | 84 | 0 | 0 |
|  |  | 10/2025  | 400 | 1461 | 2 | 0 |
|  |  | 10/2025  | 244 | 10519 | 6 | 0 |
|  |  | 10/2025  | 1561 | 27536 | 31 | 0 |
|  |  | 11/2025  | 14377 | $9504 | 0 | (14) |
|  |  | 11/2025  | 84 | 8 | 0 | 0 |
|  |  | 11/2025  | $4021 | 3197 | 11 | 0 |
|  |  | 11/2025  | 1690 | 1251 | 0 | (7) |
|  |  | 11/2025  | 6184 | $351 | 0 | (6) |
|  |  | 12/2025  | $27483 | 1205916 | 61 | 0 |
| &nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp; BSH | 10/2025  | 213 | 368 | 0 | 0 |
|  |  | 11/2025  | 368 | $214 | 0 | 0 |
|  |  | 12/2025  | 6417 | 337 | 0 | (11) |
| &nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp; CBK | 10/2025  | 3175 | 2071 | 0 | (30) |
|  |  | 10/2025  | 13331 | 2507 | 2 | 0 |
|  |  | 10/2025  | 38 | 27 | 0 | 0 |
|  |  | 10/2025  | 729 | 103 | 0 | 0 |
|  |  | 10/2025  | 1040 | 1214 | 0 | (7) |
|  |  | 10/2025  | 34889467 | 2113 | 23 | (4) |
|  |  | 10/2025  | 114871 | 1293 | 1 | 0 |
|  |  | 10/2025  | 655 | 65 | 0 | (1) |
|  |  | 10/2025  | 583 | 167 | 0 | (1) |
|  |  | 10/2025  | 7282 | 5673 | 27 | 0 |
|  |  | 10/2025  | 4261 | 132 | 0 | 0 |
|  |  | 10/2025  | 244790 | 8260 | 217 | 0 |
|  |  | 10/2025  | $1214 | 1826 | 0 | (6) |
|  |  | 10/2025  | 2412 | 13331 | 93 | 0 |
|  |  | 10/2025  | 1382 | 22730939 | 0 | (18) |
|  |  | 10/2025  | 7060 | 620670 | 0 | (75) |
|  |  | 10/2025  | 832 | 8297 | 0 | 0 |
|  |  | 10/2025  | 1697 | 16105 | 13 | 0 |
|  |  | 10/2025  | 19817 | 25571 | 7 | 0 |
|  |  | 10/2025  | 2946 | 89662 | 2 | (3) |
|  |  | 10/2025  | 1534 | $89 | 0 | 0 |
|  |  | 11/2025  | 8295 | 832 | 0 | 0 |
|  |  | 11/2025  | 25505 | 19817 | 0 | (7) |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 11/2025  | $27 | 38 | 0 | 0 |
|  | 11/2025  | 576 | 1931 | 7 | 0 |
|  | 11/2025  | 1293 | 115096 | 0 | (1) |
|  | 11/2025  | 46495 | $2678 | 0 | (5) |
|  | 12/2025  | 56285 | 1862 | 5 | 0 |
|  | 12/2025  | $733 | 12319060 | 6 | 0 |
|  | 01/2026  | 32712 | $1084 | 2 | 0 |
| &nbsp;&nbsp;&nbsp; CIB | 11/2025  | 117257 | 6766 | 0 | 0 |
| &nbsp;&nbsp;&nbsp; DUB | 10/2025  | 41467 | 5832 | 12 | 0 |
|  | 10/2025  | 23159610 | 1413 | 24 | 0 |
|  | 10/2025  | 186597 | 2100 | 1 | 0 |
|  | 10/2025  | 2309221 | 1666 | 18 | 0 |
|  | 10/2025  | $1650 | 5636 | 52 | 0 |
|  | 10/2025  | 4369 | 386318 | 0 | (22) |
|  | 11/2025  | 5633 | $1650 | 0 | (51) |
|  | 11/2025  | 16806 | 189 | 0 | 0 |
|  | 11/2025  | $2100 | 186968 | 0 | (1) |
|  | 11/2025  | 14934 | $853 | 0 | (9) |
| &nbsp;&nbsp;&nbsp; GLM | 10/2025  | 114803 | 21513 | 0 | (58) |
|  | 10/2025  | 153 | 192 | 0 | (1) |
|  | 10/2025  | 2916 | 410 | 1 | 0 |
|  | 10/2025  | 12211998 | 732 | 0 | (1) |
|  | 10/2025  | 282 | 220 | 1 | 0 |
|  | 10/2025  | $20606 | 114803 | 968 | (3) |
|  | 10/2025  | 1407 | 23256968 | 0 | (12) |
|  | 10/2025  | 1526 | 133875 | 0 | (19) |
|  | 11/2025  | 150 | 501 | 1 | 0 |
|  | 11/2025  | 142 | 6220 | 1 | 0 |
|  | 11/2025  | 143591 | $8283 | 0 | (3) |
|  | 12/2025  | 324203 | 19 | 0 | 0 |
|  | 12/2025  | 1682 | 89 | 0 | (2) |
|  | 12/2025  | $9869 | 53415 | 24 | 0 |
|  | 12/2025  | 707 | 11828999 | 2 | 0 |
|  | 01/2026  | 11644 | 63479 | 19 | 0 |
| &nbsp;&nbsp;&nbsp; JPM | 10/2025  | 32647 | $23624 | 165 | 0 |
|  | 10/2025  | 46507220 | 2786 | 0 | (5) |
|  | 10/2025  | 3996779 | 2883 | 32 | 0 |
|  | 10/2025  | 1351 | 1051 | 4 | 0 |
|  | 10/2025  | $4276 | 71053146 | 4 | (16) |
|  | 10/2025  | 688 | 2310 | 9 | 0 |
|  | 10/2025  | 263 | 968 | 3 | 0 |
|  | 10/2025  | 341 | 10344 | 0 | (1) |
|  | 10/2025  | 351 | 6208 | 8 | 0 |
|  | 11/2025  | 13224 | $754 | 0 | (9) |
| &nbsp;&nbsp;&nbsp; MBC | 10/2025  | 18 | 13 | 0 | 0 |
|  | 10/2025  | 161 | 202 | 0 | 0 |
|  | 10/2025  | 21102 | 2969 | 7 | 0 |
|  | 10/2025  | 1812 | 2443 | 7 | (1) |
|  | 10/2025  | 2308775 | 140 | 2 | 0 |
|  | 10/2025  | 6181680 | 4433 | 24 | 0 |
|  | 10/2025  | 19549 | 2039 | 0 | (37) |
|  | 10/2025  | 16350 | 12759 | 84 | 0 |
|  | 10/2025  | 10062 | 312 | 1 | 0 |
|  | 10/2025  | $910 | 717 | 0 | (10) |
|  | 10/2025  | 2104 | 14985 | 0 | 0 |
|  | 10/2025  | 3191 | 4455098 | 0 | (13) |
|  | 10/2025  | 9 | 86 | 0 | 0 |
|  | 10/2025  | 590 | 19101 | 0 | 0 |
|  | 11/2025  | 14949 | $2104 | 0 | 0 |
|  | 11/2025  | 86 | 9 | 0 | 0 |
|  | 11/2025  | $2444 | 1812 | 1 | (7) |
|  | 11/2025  | 166 | 551 | 1 | 0 |
| &nbsp;&nbsp;&nbsp; MYI | 10/2025  | 21304 | $2994 | 4 | 0 |
|  | 10/2025  | 9339979 | 567 | 7 | 0 |
|  | 10/2025  | 1331 | 9 | 0 | 0 |
|  | 10/2025  | $0 | 3 | 0 | 0 |
|  | 10/2025  | 2181 | 7895 | 0 | (9) |
|  | 10/2025  | 1507 | 45398 | 0 | (15) |
|  | 11/2025  | 3 | $0 | 0 | 0 |
|  | 11/2025  | $9 | 1327 | 0 | 0 |
|  | 12/2025  | 45102 | $1507 | 19 | 0 |
| &nbsp;&nbsp;&nbsp; SCX | 10/2025  | 31697 | 4461 | 12 | 0 |
|  | 10/2025  | 16838156 | 1008 | 0 | (2) |
|  | 10/2025  | 135145 | 1520 | 0 | (1) |
|  | 10/2025  | 286 | 224 | 3 | 0 |
|  | 10/2025  | 144882 | 4889 | 129 | 0 |
|  | 10/2025  | $1390 | 22856937 | 0 | (19) |
|  | 10/2025  | 4245 | 374727 | 0 | (28) |
|  | 11/2025  | 1331 | 118587 | 1 | 0 |
|  | 11/2025  | 15 | 20 | 0 | 0 |
|  | 12/2025  | 1008 | 16880713 | 4 | 0 |
| &nbsp;&nbsp;&nbsp; SOG | 10/2025  | 2899 | $19 | 0 | 0 |
|  | 10/2025  | 1625 | 947 | 5 | 0 |
|  | 10/2025  | $118891 | 101098 | 0 | (197) |
|  | 10/2025  | 30 | 4422 | 0 | 0 |
|  | 10/2025  | 28 | 281 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | 11/2025  | EUR | 101098 | 101098 | $ | 119130 | 119130 | 198 | 198 | 0 | 0 |
|  |  |  | 11/2025  | NOK | 281 | 281 |  | 28 | 28 | 0 | 0 | 0 | 0 |
|  |  |  | 11/2025  | $ | 19 | 19 | JPY | 2889 | 2889 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp; SSB | 10/2025  |  | 3945 | 3945 | GBP | 2927 | 2927 | 0 | 0 | (9) | (9) |
|  |  |  | 11/2025  |  | 722 | 722 | CHF | 574 | 574 | 2 | 2 | 0 | 0 |
| &nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp; UAG | 10/2025  | CAD | 30 | 30 | $ | 21 | 21 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2025  | ILS | 10702 | 10702 |  | 3208 | 3208 | 0 | 0 | (23) | (23) |
|  |  |  | 10/2025  | NOK | 8095 | 8095 |  | 796 | 796 | 0 | 0 | (16) | (16) |
|  |  |  | 10/2025  | $ | 165 | 165 | ILS | 566 | 566 | 5 | 5 | 0 | 0 |
|  |  |  | 10/2025  |  | 115 | 115 | INR | 10117 | 10117 | 0 | 0 | (1) | (1) |
|  |  |  | 10/2025  |  | 2314 | 2314 | PLN | 8393 | 8393 | 0 | 0 | (5) | (5) |
|  |  |  | 10/2025  |  | 590 | 590 | THB | 19094 | 19094 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2025  |  | 89 | 89 | ZAR | 1534 | 1534 | 0 | 0 | 0 | 0 |
|  |  |  | 10/2025  | ZAR | 1535 | 1535 | $ | 89 | 89 | 0 | 0 | 0 | 0 |
|  |  |  | 11/2025  | ILS | 566 | 566 |  | 165 | 165 | 0 | 0 | (5) | (5) |
|  |  |  | 11/2025  | ZAR | 6727 | 6727 |  | 382 | 382 | 0 | 0 | (7) | (7) |
|  |  |  | 12/2025  | $ | 2456 | 2456 | MXN | 46257 | 46257 | 50 | 50 | 0 | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**2749** | **2749** | $**(2136)** | **(2136)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | Counterparty | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Maturity<br>Date | Implied<br>Credit Spread at<br>September 30, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>September 30, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>September 30, 2025<sup>(2)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| GST | GST | Soft Bank Group,Inc.  | 1.000% | 1.000% | 06/20/2026 | 0.872% | 0.872% | 0.872% | $2100 | (18) | $21 | 3 | $0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **(18)** | $**21** | **3** | $**0** |
| **(k)** | **Securities with an aggregate market value of $866 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $866 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $866 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $866 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $866 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $866 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $866 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $866 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $866 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $866 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $866 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $866 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $866 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2025.** |
| <sup>(1)</sup> | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 09/30/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 0 | 0 | 0 | 0 | $6244 | 6244 | 6244 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 357799 | 8551 | 8551 | 366350 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 108646 | 75000 | 75000 | 183646 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 51350 | 0 | 0 | 51350 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| California | California | California | California | California | California | 0 | 0 | 0 | 9958 | 0 | 0 | 9958 |  |
| Pennsylvania | Pennsylvania | Pennsylvania | Pennsylvania | Pennsylvania | Pennsylvania | 0 | 0 | 0 | 661 | 0 | 0 | 661 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 836992 | 0 | 0 | 836992 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 185808 | 0 | 0 | 185808 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 216480 | 3893 | 3893 | 220373 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 0 | 5964 | 0 | 0 | 5964 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 27974 | 0 | 0 | 27974 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 187390 | 0 | 0 | 187390 |  |
| Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | 0 | 0 | 0 | 519 | 0 | 0 | 519 |  |
| Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | 0 | 0 | 0 | 153 | 0 | 0 | 153 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 0 | 14432 | 0 | 0 | 14432 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 278280 | 2700 | 2700 | 280980 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 143749 | 0 | 0 | 143749 |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 48 | 48 | 48 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 12686 | 0 | 0 | 12686 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 569 | 0 | 0 | 569 |  |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 |  | 307 | 307 | 0 | 0 |  | 307 |  |  |
|  |  |  |  |  |  | $0 | 0 | $ | $2439717 | 2439717 | $96436 | 96436 | $ | 2536153 |  |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |  |
|  | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $136749 | 136749 | $ | $0 | 0 | $0 | 0 | $ | 136749 |  |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $136749 | 136749 | $ | $2439717 | 2439717 | $96436 | 96436 | $ | 2672902 |  |  |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 164 | 164 |  | 1867 | 1867 | 0 | 0 |  | 2031 |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 |  | 2752 | 2752 | 0 | 0 |  | 2752 |  |  |
|  |  |  |  |  |  | $164 | 164 | $ | $4619 | 4619 | $0 | 0 | $ | 4783 |  |  |
| **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** |  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 |  | (2456) | (2456) | 0 | 0 |  | (2456) |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 |  | (2136) | (2136) | 0 | 0 |  | (2136) |  |  |
|  |  |  |  |  |  | $0 | 0 | $ | $(4592) | (4592) | $0 | 0 | $ | (4592) |  |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $164 | 164 | $ | $27 | 27 | $0 | 0 | $ | 191 |  |  |
| Totals | Totals | Totals | Totals | Totals | Totals | $136913 | 136913 | $ | $2439744 | 2439744 | $96436 | 96436 | $ | 2673093 |  |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** |
| Category and Subcategory | Category and Subcategory | Beginning<br>Balance<br>at 12/31/2024 | Net<br>Purchases | Net<br>Sales/Settlement<sup>S</sup> | Net<br>Sales/Settlement<sup>S</sup> | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 09/30/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>09/30/2025<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>09/30/2025<sup>(1)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | $6731 | 0 | $ | $(774) | 1 | $1 | $ | 285 | $0 | 0 | $0 | 0 | 6244 | $ | 224 |
| Corporate Bonds & Notes | Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | Banking & Finance | 3739 | 4700 |  | 0 | 0 | 0 |  | 112 | 0 | 0 | 0 | 0 | 8551 |  | 112 |
| Industrials | Industrials | 0 | 75000 |  | 0 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0 | 75000 |  | 0 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 2000 | 3919 |  | (279) | 0 | 0 |  | (6) | 0 | 0 | (1741) | (1741) | 3893 |  | (26) |
| Asset-Backed Securities | Asset-Backed Securities | 0 | 0 |  | 0 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0 | 0 |  | 0 |
| Other ABS | Other ABS | 0 | 2691 |  | 0 | 0 | 0 |  | 9 | 0 | 0 | 0 | 0 | 2700 |  | 9 |
| Common Stocks | Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Industrials | Industrials | 55 | 0 |  | 0 | 0 | 0 |  | (7) | 0 | 0 | 0 | 0 | 48 |  | (8) |
| Totals | Totals | $12525 | 86310 | $ | $(1053) | 1 | $1 | $ | 393 | $0 | 0 | $(1741) | (1741) | 96436 | $ | 311 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 09/30/2025 | Ending<br>Balance<br>at 09/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Weighted Average% | Weighted Average% |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $6244 | 6244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp; Broker Quote | 95.558 | 95.558 |  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | 3881 | 3881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp; Discount Rate | 4.910 - 5.920 | 4.910 - 5.920 | 5.244 | 5.244 |
|  |  |  | 4670 | 4670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy pricing | &nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp; Base Price | 100.000 | 100.000 |  |  |
| Industrials | Industrials | Industrials | 75000 | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 |  |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 3893 | 3893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy pricing | &nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp; Base Price | 97.967 | 97.967 |  |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Other UBS | Other UBS | Other UBS | 2700 | 2700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 |  |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Industrials | Industrials | Industrials | 48 | 48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp; Broker Quote | $21.667 | 21.667 | 21.667 | 21.667 |
| Total | Total | Total | $96436 | 96436 |  |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

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------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series R September 30, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 204.9% ¤** |  |  |
| **CORPORATE BONDS & NOTES 2.4%**  |  |  |
| **BANKING & FINANCE 1.3%**  |  |  |
| **Jyske Realkredit AS**  |  |  |
| 1.500% due 10/01/2053  | 1874 | $233 |
| **Nordea Kredit Realkreditaktieselskab**  |  |  |
| 1.000% due 10/01/2053  | 23 | 3 |
| 1.500% due 10/01/2053  | 780 | 98 |
| 2.000% due 10/01/2053  | 499 | 66 |
| **Nykredit Realkredit AS**  |  |  |
| 1.000% due 10/01/2050  | 12 | 1 |
| 1.500% due 10/01/2053  | 100 | 11 |
| 2.500% due 10/01/2047  | 15 | 2 |
| 3.000% due 10/01/2053  | 4918 | 735 |
| **Realkredit Danmark AS**  |  |  |
| 1.500% due 10/01/2053  | 2221 | 285 |
| 2.000% due 10/01/2053  | 367 | 45 |
| 2.500% due 04/01/2047  | 10 | 1 |
| 3.000% due 10/01/2053  | 4365 | 651 |
| **UBS Group AG** <br>7.750% due 03/01/2029 •  | 100 | 131 |
|  |  | 2262 |
| **INDUSTRIALS 1.1%**  |  |  |
| **Beignet** <br>6.850% due 06/01/2049 «(a) | $1800 | 1800 |
| Total Corporate Bonds & Notes (Cost $4,079) |  | 4062 |
| **U.S. GOVERNMENT AGENCIES 39.6%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 5.500% due 11/01/2054 | 4899 | 4945 |
| 6.000% due 03/01/2054 - 07/01/2054 | 5272 | 5397 |
| 6.195% due 09/01/2036 •  | 4 | 5 |
| 6.417% due 07/01/2036 •  | 14 | 14 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 5.506% due 08/25/2055 •  | 1666 | 1673 |
| 5.556% due 08/25/2055 •  | 3374 | 3392 |
| **Federal National Mortgage Association**  |  |  |
| 3.500% due 12/01/2045 | 6 | 6 |
| 5.421% due 10/01/2044 •  | 1 | 1 |
| 6.000% due 04/01/2054 | 4066 | 4161 |
| 6.500% due 12/01/2053 - 02/01/2054 | 4037 | 4177 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.916% due 02/25/2037 •  | 7 | 7 |
| 5.386% due 06/25/2055 •  | 1649 | 1660 |
| **Government National Mortgage Association**<br>3.500% due 10/20/2054 | 1292 | 1179 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.927% due 08/20/2068 •  | 244 | 246 |
| 5.289% due 11/20/2073 •  | 1189 | 1195 |
| 5.339% due 09/20/2073 - 10/20/2073 •  | 5339 | 5379 |
| 5.369% due 09/20/2073 •  | 3586 | 3622 |
| 5.489% due 11/20/2073 •  | 1648 | 1673 |
| **Government National Mortgage Association, TBA**<br>3.500% due 11/01/2055 | 12000 | 10940 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.500% due 10/01/2055 - 11/01/2055 | 15300 | 14840 |
| 6.500% due 11/01/2055 | 1000 | 1034 |
| Total U.S. Government Agencies (Cost $65,309) |  | 65546 |
| **U.S. TREASURY OBLIGATIONS 136.9%**  |  |  |
| **U.S. Treasury Inflation Protected Securities (b)** |  |  |
| 0.125% due 02/15/2051  | 4219 | 2343 |
| 0.125% due 02/15/2052  | 3017 | 1637 |
| 0.250% due 02/15/2050  | 2576 | 1526 |
| 0.625% due 02/15/2043  | 3962 | 3012 |
| 0.750% due 02/15/2042  | 4560 | 3620 |
| 0.750% due 02/15/2045  | 2565 | 1915 |
| 0.875% due 02/15/2047  | 1131 | 836 |
| 1.000% due 02/15/2046  | 6121 | 4725 |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series R (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 1.000% due 02/15/2048  | 1685 | 1264 |
| 1.000% due 02/15/2049  | 3505 | 2589 |
| 1.500% due 02/15/2053  | 1956 | 1567 |
| 1.750% due 01/15/2028  | 4556 | 4633 |
| 2.125% due 02/15/2040  | 1734 | 1749 |
| 2.125% due 02/15/2041  | 2611 | 2611 |
| 2.125% due 02/15/2054  | 3368 | 3112 |
| 2.375% due 02/15/2055 (e) | 512 | 500 |
| 2.500% due 01/15/2029  | 1383 | 1445 |
| 3.375% due 04/15/2032  | 464 | 520 |
| 3.625% due 04/15/2028  | 2616 | 2784 |
| 0.125% due 10/15/2026  | 6265 | 6231 |
| 0.125% due 04/15/2027  | 3089 | 3047 |
| 0.125% due 01/15/2030 (e) | 9705 | 9269 |
| 0.125% due 07/15/2030  | 2142 | 2037 |
| 0.125% due 01/15/2031  | 7110 | 6679 |
| 0.125% due 07/15/2031 (e) | 10450 | 9762 |
| 0.125% due 01/15/2032 (e) | 8390 | 7728 |
| 0.250% due 07/15/2029 (e) | 11998 | 11643 |
| 0.375% due 01/15/2027  | 401 | 398 |
| 0.375% due 07/15/2027 (e) | 10617 | 10547 |
| 0.500% due 01/15/2028 (e) | 7517 | 7431 |
| 0.625% due 07/15/2032 (e) | 7894 | 7474 |
| 0.750% due 07/15/2028 (e)(g) | 901 | 897 |
| 0.875% due 01/15/2029  | 4861 | 4826 |
| 1.125% due 01/15/2033  | 868 | 841 |
| 1.375% due 07/15/2033 (e) | 14040 | 13829 |
| 1.625% due 10/15/2027 (e) | 7088 | 7203 |
| 1.625% due 10/15/2029 (e) | 13551 | 13823 |
| 1.625% due 04/15/2030 (e) | 9437 | 9585 |
| 1.750% due 01/15/2034 (e) | 9143 | 9189 |
| 1.875% due 07/15/2034 (e) | 13280 | 13479 |
| 1.875% due 07/15/2035 (e) | 6237 | 6290 |
| 2.125% due 01/15/2035 (e) | 6858 | 7062 |
| 2.375% due 10/15/2028 (e) | 14449 | 15053 |
| Total U.S. Treasury Obligations (Cost $238,199) |  | 226711 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.8%**  |  |  |
| **Banc of America Funding Trust** <br>4.522% due 01/20/2047 ~ | 265 | 229 |
| **Countrywide Alternative Loan Trust** <br>4.445% due 12/20/2046 •  | 461 | 406 |
| **Grifonas Finance No. 1 PLC** <br>2.344% due 08/28/2039 •  | 41 | 47 |
| **GSR Mortgage Loan Trust** <br>5.191% due 09/25/2035 ~ | $5 | 5 |
| **HarborView Mortgage Loan Trust** <br>5.150% due 06/20/2035 •  | 162 | 151 |
| **IndyMac INDX Mortgage Loan Trust** <br>5.112% due 05/25/2034 •  | 429 | 392 |
| **MortgageIT Trust** <br>5.277% due 12/25/2034 •  | 5 | 4 |
| **OPEN Trust** <br>7.239% due 11/15/2040 •  | 117 | 117 |
| **RALI Trust** <br>4.632% due 06/25/2046 •  | 198 | 42 |
| Total Non-Agency Mortgage-Backed Securities (Cost $1,412) |  | 1393 |
| **ASSET-BACKED SECURITIES 14.1%**  |  |  |
| **CMBS OTHER 0.3%**  |  |  |
| **ACRES LLC** <br>5.755% due 08/18/2040 •  | 600 | 602 |
| **HOME EQUITY OTHER 1.0%**  |  |  |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.432% due 01/25/2037 •  | 120 | 88 |
| 4.562% due 09/25/2036 •  | 157 | 154 |
| 4.962% due 10/25/2035 •  | 500 | 467 |
| **Home Equity Asset Trust** <br>5.127% due 08/25/2034 •  | 20 | 20 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>4.932% due 01/25/2035 •  | 145 | 142 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust** <br>5.037% due 05/25/2035 •  | 728 | 726 |
| **Saxon Asset Securities Trust** <br>0.000% due 05/25/2035 •  | 19 | 18 |

---

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series R (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Structured** **Asset Securities Corp. Mortgage Loan Trust** <br>6.272% due 08/25/2037 •  | 1 | 1 |
|  |  | 1616 |
| **OTHER ABS 12.8%**  |  |  |
| **AGL CLO 14 Ltd.** <br>5.455% due 12/02/2034 •  | 1600 | 1601 |
| **Arcano Euro CLO II DAC** <br>0.000% due 07/25/2039 •  | 1700 | 2002 |
| **Avoca Static CLO I DAC** <br>2.996% due 01/15/2035 •  | 893 | 1048 |
| **Bain Capital Credit CLO Ltd.** <br>5.482% due 07/17/2035 •  | $1700 | 1706 |
| **Carlyle Global Market Strategies Euro CLO Ltd.** <br>2.786% due 11/15/2031 •  | 285 | 335 |
| **Man Euro CLO DAC** <br>3.776% due 10/15/2036 •  | 1800 | 2116 |
| **Man GLG Euro CLO V DAC** <br>2.704% due 12/15/2031 •  | 298 | 350 |
| **Massachusetts Educational Financing Authority** <br>5.552% due 04/25/2038 •  | $9 | 9 |
| **OCP Euro CLO DAC** <br>3.264% due 07/20/2036 •  | 1700 | 2002 |
| **Palmer Square CLO Ltd.** <br>5.265% due 05/21/2034 •  | $1600 | 1602 |
| **Palmer Square European Loan Funding DAC** <br>3.006% due 05/15/2033 •  | 944 | 1108 |
| **Rockford Tower CLO Ltd.** <br>5.293% due 07/20/2034 •  | $1600 | 1600 |
| **Romark Credit Funding Ltd.** <br>5.423% due 07/29/2043 | 1700 | 1705 |
| **Shackleton CLO Ltd.** <br>5.525% due 07/20/2034 •  | 1700 | 1703 |
| **Symphony CLO XXXII Ltd.** <br>5.419% due 10/23/2035 •  | 1680 | 1687 |
| **Tikehau CLO V DAC** <br>3.253% due 10/15/2038 •  | 500 | 586 |
|  |  | 21160 |
| Total Asset-Backed Securities (Cost $22,804) |  | 23378 |
| **SOVEREIGN ISSUES 8.7%**  |  |  |
| **Canada Government Real Return Bonds** <br>4.250% due 12/01/2026 (b) | 1126 | 844 |
| **French Republic Government Bonds OAT**  |  |  |
| 0.100% due 03/01/2026 (b)  | 2811 | 3288 |
| 0.100% due 07/25/2031 (b)  | 1102 | 1226 |
| **Italy Buoni Poliennali Del Tesoro**  |  |  |
| 0.400% due 05/15/2030 (b)  | 248 | 283 |
| 1.800% due 05/15/2036 (b)  | 104 | 121 |
| **Japan Government CPI-Linked Bonds**  |  |  |
| 0.100% due 03/10/2028 (b)  | 449432 | 3091 |
| 0.100% due 03/10/2029 (b)  | 798218 | 5511 |
| **Mexico Udibonos** <br>4.000% due 08/24/2034 (b) | 128 | 7 |
| Total Sovereign Issues (Cost $15,567) |  | 14371 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 2.4%**  |  |  |
| **MUTUAL FUNDS 0.5%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class**<br> 4.200% (c) | 856581 | 856 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (d) 1.9%** |  | 3100 |
| Total Short-Term Instruments (Cost $3,956) |  | 3956 |
| Total Investments in Securities (Cost $351,326) |  | 339417 |
| Total Investments 204.9% (Cost $351,326) |  | $339417 |
| **Financial Derivative Instruments (f)(h) 0.0**%(Cost or Premiums, net $(994)) |  | 24 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series R (Cont.) September 30, 2025 (Unaudited)

---

| | |
|:---|:---|
| Other Assets and Liabilities, net (104.9)% | (173782) |
| Net Assets 100.0% | $165659 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series R (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(c)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(d)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date |  | Principal<br>Amount | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| JPS | 10/01/2025 | $ | 3100 | 3100 | &nbsp;&nbsp; U.S. Treasury Notes 4.500% due 05/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.500% due 05/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.500% due 05/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.500% due 05/31/2029 | (3163) | (3163) | 3100 | 3100 | 3100 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  | **(3163)** | **(3163)** | **3100** | **3100** | **3100** |
| **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Borrowing Date | Borrowing Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Sale-Buyback<br>Transactions<sup>(3)</sup> | Payable for<br>Sale-Buyback<br>Transactions<sup>(3)</sup> |
| BCY | BCY | BCY | 4.220%  | 4.220%  | 09/23/2025 | 09/23/2025 | 10/07/2025 | 10/07/2025 | (3974) | (3974) | (3974) | $(3978) | (3978) |
|  |  |  | 4.270  | 4.270  | 09/23/2025 | 09/23/2025 | 10/20/2025 | 10/20/2025 | (26860) | (26860) | (26860) | (26885) | (26885) |
|  |  |  | 4.280  | 4.280  | 10/01/2025 | 10/01/2025 | 10/06/2025 | 10/06/2025 | (88310) | (88310) | (88310) | (88310) | (88310) |
|  |  |  | 4.360  | 4.360  | 09/24/2025 | 09/24/2025 | 10/01/2025 | 10/01/2025 | (89283) | (89283) | (89283) | (89359) | (89359) |
| BPS | BPS | BPS | 4.260  | 4.260  | 09/18/2025 | 09/18/2025 | 10/16/2025 | 10/16/2025 | (27084) | (27084) | (27084) | (27125) | (27125) |
| **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** |  |  |  |  |  |  |  |  |  | $**(235657)** | **(235657)** |
| **(e)** | **Securities with an aggregate market value of $234,323 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $234,323 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $234,323 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $234,323 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $234,323 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $234,323 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $234,323 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $234,323 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $234,323 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $234,323 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $234,323 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $234,323 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** | **Securities with an aggregate market value of $234,323 have been pledged as collateral under the terms of master agreements as of September 30, 2025.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(137666) at a weighted average interest rate of 4.368%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(137666) at a weighted average interest rate of 4.368%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(137666) at a weighted average interest rate of 4.368%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(137666) at a weighted average interest rate of 4.368%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(137666) at a weighted average interest rate of 4.368%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(137666) at a weighted average interest rate of 4.368%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(137666) at a weighted average interest rate of 4.368%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(137666) at a weighted average interest rate of 4.368%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(137666) at a weighted average interest rate of 4.368%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(137666) at a weighted average interest rate of 4.368%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(137666) at a weighted average interest rate of 4.368%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(137666) at a weighted average interest rate of 4.368%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended September 30, 2025 was $(137666) at a weighted average interest rate of 4.368%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(3)</sup> | Payable for sale-buyback transactions includes $(164) of deferred price drop. | Payable for sale-buyback transactions includes $(164) of deferred price drop. | Payable for sale-buyback transactions includes $(164) of deferred price drop. | Payable for sale-buyback transactions includes $(164) of deferred price drop. | Payable for sale-buyback transactions includes $(164) of deferred price drop. | Payable for sale-buyback transactions includes $(164) of deferred price drop. | Payable for sale-buyback transactions includes $(164) of deferred price drop. | Payable for sale-buyback transactions includes $(164) of deferred price drop. | Payable for sale-buyback transactions includes $(164) of deferred price drop. | Payable for sale-buyback transactions includes $(164) of deferred price drop. | Payable for sale-buyback transactions includes $(164) of deferred price drop. | Payable for sale-buyback transactions includes $(164) of deferred price drop. | Payable for sale-buyback transactions includes $(164) of deferred price drop. |
| **(f)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset |  | Liability |
| Brent Crude June Futures  | Brent Crude June Futures  | 04/2026 | 04/2026 | 1 | 1 | $65 | 65 | $(2) | (2) | $0 | 0 | $ | (1) |
| Cocoa December Futures  | Cocoa December Futures  | 12/2025 | 12/2025 | 1 | 1 | 67 | 67 | (6) | (6) | 0 | 0 |  | (2) |
| Cocoa March Futures  | Cocoa March Futures  | 03/2026 | 03/2026 | 1 | 1 | 68 | 68 | (6) | (6) | 0 | 0 |  | (2) |
| Copper December Futures  | Copper December Futures  | 12/2025 | 12/2025 | 1 | 1 | 121 | 121 | (22) | (22) | 0 | 0 |  | (1) |
| Euro-BTP Future December Futures  | Euro-BTP Future December Futures  | 12/2025 | 12/2025 | 48 | 48 | 6754 | 6754 | 62 | 62 | 21 | 21 |  | 0 |
| Gas Oil March Futures  | Gas Oil March Futures  | 03/2026 | 03/2026 | 1 | 1 | 65 | 65 | 2 | 2 | 0 | 0 |  | (1) |
| Iron Ore January Futures  | Iron Ore January Futures  | 01/2026 | 01/2026 | 5 | 5 | 50 | 50 | (1) | (1) | 0 | 0 |  | 0 |
| Iron Ore November Futures  | Iron Ore November Futures  | 11/2025 | 11/2025 | 5 | 5 | 52 | 52 | 0 | 0 | 0 | 0 |  | 0 |
| Live Cattle December Futures  | Live Cattle December Futures  | 12/2025 | 12/2025 | 3 | 3 | 282 | 282 | (2) | (2) | 2 | 2 |  | 0 |
| LME Zinc January Futures  | LME Zinc January Futures  | 01/2026 | 01/2026 | 1 | 1 | 74 | 74 | 3 | 3 | 3 | 3 |  | 0 |
| New York Harbor March Futures  | New York Harbor March Futures  | 02/2026 | 02/2026 | 1 | 1 | 94 | 94 | 1 | 1 | 0 | 0 |  | (1) |
| RBOB Gasoline March Futures  | RBOB Gasoline March Futures  | 02/2026 | 02/2026 | 2 | 2 | 157 | 157 | 0 | 0 | 0 | 0 |  | (2) |
| Soybean January Futures  | Soybean January Futures  | 01/2026 | 01/2026 | 1 | 1 | 51 | 51 | (1) | (1) | 0 | 0 |  | 0 |
| Soybean Meal January Futures  | Soybean Meal January Futures  | 01/2026 | 01/2026 | 11 | 11 | 306 | 306 | (9) | (9) | 0 | 0 |  | (2) |
| U.S. Treasury 5-Year Note December Futures  | U.S. Treasury 5-Year Note December Futures  | 12/2025 | 12/2025 | 52 | 52 | 5678 | 5678 | (1) | (1) | 2 | 2 |  | 0 |
| U.S. Treasury 10-Year Note December Futures  | U.S. Treasury 10-Year Note December Futures  | 12/2025 | 12/2025 | 123 | 123 | 13838 | 13838 | 44 | 44 | 0 | 0 |  | (5) |

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------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series R (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| U.S. Treasury Ultra Long-Term Bond December Futures  | U.S. Treasury Ultra Long-Term Bond December Futures  | U.S. Treasury Ultra Long-Term Bond December Futures  | U.S. Treasury Ultra Long-Term Bond December Futures  | U.S. Treasury Ultra Long-Term Bond December Futures  | 12/2025 | 12/2025 | 116 |  | 13927 | 255 | 255 | 0 | 0 | 0 |  | (65) |
| U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | U.S. Ultra Treasury 10-Year Note December Futures  | 12/2025 | 12/2025 | 32 |  | 3683 | (3) | (3) | 0 | 0 | 0 |  | (4) |
| WTI Crude March Futures  | WTI Crude March Futures  | WTI Crude March Futures  | WTI Crude March Futures  | WTI Crude March Futures  | 02/2026 | 02/2026 | 1 |  | 61 | (2) | (2) | 0 | 0 | 0 |  | (1) |
|  |  |  |  |  |  |  |  |  |  | $312 | 312 | $28 | 28 | 28 | $ | (87) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| Corn December Futures  | Corn December Futures  | Corn December Futures  | Corn December Futures  | Corn December Futures  | 12/2025 | 12/2025 | 18 | $ | (374) | $2 | 2 | $5 | 5 | 5 | $ | 0 |
| Corn March Futures  | Corn March Futures  | Corn March Futures  | Corn March Futures  | Corn March Futures  | 03/2026 | 03/2026 | 8 |  | (173) | (1) | (1) | 3 | 3 | 3 |  | 0 |
| Cotton No. 2 December Futures  | Cotton No. 2 December Futures  | Cotton No. 2 December Futures  | Cotton No. 2 December Futures  | Cotton No. 2 December Futures  | 12/2025 | 12/2025 | 1 |  | (33) | 1 | 1 | 0 | 0 | 0 |  | 0 |
| Cotton No. 2 March Futures  | Cotton No. 2 March Futures  | Cotton No. 2 March Futures  | Cotton No. 2 March Futures  | Cotton No. 2 March Futures  | 03/2026 | 03/2026 | 4 |  | (135) | 1 | 1 | 0 | 0 | 0 |  | 0 |
| Euro-Bobl December Futures  | Euro-Bobl December Futures  | Euro-Bobl December Futures  | Euro-Bobl December Futures  | Euro-Bobl December Futures  | 12/2025 | 12/2025 | 34 |  | (4703) | (2) | (2) | 0 | 0 | 0 |  | (6) |
| Euro-Bund December Futures  | Euro-Bund December Futures  | Euro-Bund December Futures  | Euro-Bund December Futures  | Euro-Bund December Futures  | 12/2025 | 12/2025 | 10 |  | (1509) | (9) | (9) | 0 | 0 | 0 |  | (4) |
| Euro-Buxl 30-Year Bond December Futures  | Euro-Buxl 30-Year Bond December Futures  | Euro-Buxl 30-Year Bond December Futures  | Euro-Buxl 30-Year Bond December Futures  | Euro-Buxl 30-Year Bond December Futures  | 12/2025 | 12/2025 | 2 |  | (269) | (6) | (6) | 1 | 1 | 1 |  | (3) |
| Euro-Oat December Futures  | Euro-Oat December Futures  | Euro-Oat December Futures  | Euro-Oat December Futures  | Euro-Oat December Futures  | 12/2025 | 12/2025 | 107 |  | (15244) | (122) | (122) | 0 | 0 | 0 |  | (36) |
| Gold 100 oz. December Futures  | Gold 100 oz. December Futures  | Gold 100 oz. December Futures  | Gold 100 oz. December Futures  | Gold 100 oz. December Futures  | 12/2025 | 12/2025 | 2 |  | (775) | (23) | (23) | 0 | 0 | 0 |  | (4) |
| Hard Red Winter Wheat December Futures  | Hard Red Winter Wheat December Futures  | Hard Red Winter Wheat December Futures  | Hard Red Winter Wheat December Futures  | Hard Red Winter Wheat December Futures  | 12/2025 | 12/2025 | 3 |  | (75) | 3 | 3 | 1 | 1 | 1 |  | 0 |
| Hard Red Winter Wheat March Futures  | Hard Red Winter Wheat March Futures  | Hard Red Winter Wheat March Futures  | Hard Red Winter Wheat March Futures  | Hard Red Winter Wheat March Futures  | 03/2026 | 03/2026 | 2 |  | (52) | 5 | 5 | 1 | 1 | 1 |  | 0 |
| Lean Hogs December Futures  | Lean Hogs December Futures  | Lean Hogs December Futures  | Lean Hogs December Futures  | Lean Hogs December Futures  | 12/2025 | 12/2025 | 3 |  | (106) | (5) | (5) | 2 | 2 | 2 |  | 0 |
| LME Aluminum January Futures  | LME Aluminum January Futures  | LME Aluminum January Futures  | LME Aluminum January Futures  | LME Aluminum January Futures  | 01/2026 | 01/2026 | 1 |  | (67) | 0 | 0 | 0 | 0 | 0 |  | 0 |
| LME Lead January Futures  | LME Lead January Futures  | LME Lead January Futures  | LME Lead January Futures  | LME Lead January Futures  | 01/2026 | 01/2026 | 2 |  | (100) | 1 | 1 | 1 | 1 | 1 |  | 0 |
| LME Nickel January Futures  | LME Nickel January Futures  | LME Nickel January Futures  | LME Nickel January Futures  | LME Nickel January Futures  | 01/2026 | 01/2026 | 1 |  | (92) | 1 | 1 | 1 | 1 | 1 |  | 0 |
| Natural Gas January Futures  | Natural Gas January Futures  | Natural Gas January Futures  | Natural Gas January Futures  | Natural Gas January Futures  | 12/2025 | 12/2025 | 1 |  | (42) | 0 | 0 | 0 | 0 | 0 |  | 0 |
| Natural Gas March Futures  | Natural Gas March Futures  | Natural Gas March Futures  | Natural Gas March Futures  | Natural Gas March Futures  | 02/2026 | 02/2026 | 1 |  | (36) | (1) | (1) | 0 | 0 | 0 |  | 0 |
| Soybean March Futures  | Soybean March Futures  | Soybean March Futures  | Soybean March Futures  | Soybean March Futures  | 03/2026 | 03/2026 | 2 |  | (104) | 4 | 4 | 1 | 1 | 1 |  | 0 |
| Soybean Meal March Futures  | Soybean Meal March Futures  | Soybean Meal March Futures  | Soybean Meal March Futures  | Soybean Meal March Futures  | 03/2026 | 03/2026 | 2 |  | (57) | 3 | 3 | 0 | 0 | 0 |  | 0 |
| Soybean Oil January Futures  | Soybean Oil January Futures  | Soybean Oil January Futures  | Soybean Oil January Futures  | Soybean Oil January Futures  | 01/2026 | 01/2026 | 2 |  | (60) | 2 | 2 | 0 | 0 | 0 |  | 0 |
| Sugar No. 11 March Futures  | Sugar No. 11 March Futures  | Sugar No. 11 March Futures  | Sugar No. 11 March Futures  | Sugar No. 11 March Futures  | 02/2026 | 02/2026 | 10 |  | (186) | 4 | 4 | 0 | 0 | 0 |  | (2) |
| U.S. Treasury 2-Year Note December Futures  | U.S. Treasury 2-Year Note December Futures  | U.S. Treasury 2-Year Note December Futures  | U.S. Treasury 2-Year Note December Futures  | U.S. Treasury 2-Year Note December Futures  | 12/2025 | 12/2025 | 261 |  | (54392) | (64) | (64) | 0 | 0 | 0 |  | (29) |
| U.S. Treasury Long-Term Bond December Futures  | U.S. Treasury Long-Term Bond December Futures  | U.S. Treasury Long-Term Bond December Futures  | U.S. Treasury Long-Term Bond December Futures  | U.S. Treasury Long-Term Bond December Futures  | 12/2025 | 12/2025 | 179 |  | (20870) | (439) | (439) | 45 | 45 | 45 |  | 0 |
| Wheat December Futures  | Wheat December Futures  | Wheat December Futures  | Wheat December Futures  | Wheat December Futures  | 12/2025 | 12/2025 | 5 |  | (127) | 10 | 10 | 3 | 3 | 3 |  | 0 |
| Wheat December Futures  | Wheat December Futures  | Wheat December Futures  | Wheat December Futures  | Wheat December Futures  | 12/2025 | 12/2025 | 4 |  | (44) | 4 | 4 | 1 | 1 | 1 |  | 0 |
| Wheat March Futures  | Wheat March Futures  | Wheat March Futures  | Wheat March Futures  | Wheat March Futures  | 03/2026 | 03/2026 | 5 |  | (132) | 6 | 6 | 3 | 3 | 3 |  | 0 |
| White Sugar March Futures  | White Sugar March Futures  | White Sugar March Futures  | White Sugar March Futures  | White Sugar March Futures  | 02/2026 | 02/2026 | 1 |  | (23) | 0 | 0 | 0 | 0 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  | $(625) | (625) | $68 | 68 | 68 | $ | (84) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | $**(313)** | **(313)** | $**96** | **96** | **96** | **$** | **(171)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 3.750% | Annual | 09/17/2030 | 09/17/2030 | GBP | 14100 | 14100 | $(73) | (8) | $(81) | (81) | (81) | $19 | 19 | $0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.300 | Semi-Annual | 09/20/2027 | 09/20/2027 | JPY | 172740 | 172740 | (3) | 19 | 16 | 16 | 16 | 0 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.550 | Annual | 09/14/2028 | 09/14/2028 |  | 160000 | 160000 | (2) | 18 | 16 | 16 | 16 | 1 | 1 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.500 | Annual | 12/15/2031 | 12/15/2031 |  | 607000 | 607000 | 55 | 131 | 186 | 186 | 186 | 5 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | 12/20/2025 | 12/20/2025 | $ | $18280 | 18280 | 122 | (105) | 17 | 17 | 17 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.750 | Annual | 01/18/2026 | 01/18/2026 |  | 1400 | 1400 | (7) | 1 | (6) | (6) | (6) | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.758 | Annual | 01/18/2026 | 01/18/2026 |  | 4800 | 4800 | (22) | 0 | (22) | (22) | (22) | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.340 | Semi-Annual | 11/21/2028 | 11/21/2028 |  | 14780 | 14780 | (186) | (330) | (516) | (516) | (516) | 8 | 8 | 0 |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 02/28/2030 | 02/28/2030 |  | 5400 | 5400 | (1) | 7 | 6 | 6 | 6 | 0 | 0 | (3) |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.325 | Annual | 02/28/2030 | 02/28/2030 |  | 10400 | 10400 | (81) | 83 | 2 | 2 | 2 | 0 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 05/15/2032 |  | 17303 | 17303 | (17) | (263) | (280) | (280) | (280) | 0 | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2034 | 06/18/2034 |  | 550 | 550 | 24 | (8) | 16 | 16 | 16 | 0 | 0 | 0 |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.100 | Annual | 11/15/2053 | 11/15/2053 |  | 1897 | 1897 | (48) | (2) | (50) | (50) | (50) | 5 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.237 | Semi-Annual | 11/21/2053 | 11/21/2053 |  | 3050 | 3050 | 189 | 835 | 1024 | 1024 | 1024 | 8 | 8 | 0 |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series R (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.865 | Annual | Annual | 02/13/2054 | 7000 |  | 134 |  | 1228 |  | 1362 |  | 19 | 19 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | Annual | 06/20/2054 | 2000 |  | 53 |  | 106 |  | 159 |  | 6 | 6 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.879 | Annual | Annual | 08/15/2032 | 5600 |  | 0 |  | 160 |  | 160 |  | 13 | 13 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.740 | Annual | Annual | 09/10/2035 | 1900 |  | (48) |  | 36 |  | (12) |  | 0 | 0 |  | (6) |
| Pay<sup>(1)</sup> | Pay<sup>(1)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 03/18/2036 | 16200 |  | (43) |  | 66 |  | 23 |  | 54 | 54 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.190 | Annual | Annual | 11/04/2052 | 1000 |  | 62 |  | 552 |  | 614 |  | 0 | 0 |  | (5) |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.195 | Annual | Annual | 11/04/2052 | 1100 |  | 1 |  | 673 |  | 674 |  | 0 | 0 |  | (5) |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.197 | Annual | Annual | 11/08/2052 | 1900 |  | 118 |  | 1046 |  | 1164 |  | 0 | 0 |  | (9) |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 03/18/2056 | 2710 |  | (41) |  | (9) |  | (50) |  | 0 | 0 |  | (21) |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.965 | Maturity | Maturity | 05/15/2027 | 200 |  | 0 |  | 4 |  | 4 |  | 0 | 0 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 3.000 | Maturity | Maturity | 05/15/2027 | 1000 |  | 1 |  | 19 |  | 20 |  | 0 | 0 |  | (2) |
| Receive | Receive | CPTFEMU | CPTFEMU | 3.130 | Maturity | Maturity | 05/15/2027 | 300 |  | 0 |  | 3 |  | 3 |  | 0 | 0 |  | (1) |
| Receive | Receive | CPTFEMU | CPTFEMU | 1.636 | Maturity | Maturity | 06/15/2027 | 2800 |  | 0 |  | 13 |  | 13 |  | 0 | 0 |  | (4) |
| Pay | Pay | CPTFEMU | CPTFEMU | 1.380 | Maturity | Maturity | 03/15/2031 | 2570 |  | (19) |  | (526) |  | (545) |  | 10 | 10 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.600 | Maturity | Maturity | 05/15/2032 | 450 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | (2) |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.720 | Maturity | Maturity | 06/15/2032 | 2100 |  | (6) |  | (70) |  | (76) |  | 0 | 0 |  | (8) |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.049 | Maturity | Maturity | 08/15/2034 | 3100 |  | (1) |  | (40) |  | (41) |  | 0 | 0 |  | (12) |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.034 | Maturity | Maturity | 09/15/2034 | 1100 |  | (2) |  | (10) |  | (12) |  | 0 | 0 |  | (4) |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.487 | Maturity | Maturity | 05/15/2037 | 10 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.580 | Maturity | Maturity | 03/15/2052 | 300 |  | 0 |  | 14 |  | 14 |  | 2 | 2 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.590 | Maturity | Maturity | 03/15/2052 | 400 |  | (10) |  | 31 |  | 21 |  | 3 | 3 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.421 | Maturity | Maturity | 05/15/2052 | 170 |  | 0 |  | 2 |  | 2 |  | 1 | 1 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.590 | Maturity | Maturity | 12/15/2052 | 300 |  | 0 |  | 35 |  | 35 |  | 2 | 2 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.700 | Maturity | Maturity | 04/15/2053 | 700 |  | 5 |  | 108 |  | 113 |  | 5 | 5 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.763 | Maturity | Maturity | 09/15/2053 | 700 |  | 2 |  | 128 |  | 130 |  | 5 | 5 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.682 | Maturity | Maturity | 10/15/2053 | 200 |  | 0 |  | 32 |  | 32 |  | 1 | 1 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.736 | Maturity | Maturity | 10/15/2053 | 400 |  | 4 |  | 66 |  | 70 |  | 3 | 3 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.208 | Maturity | Maturity | 10/07/2025 | 15408 |  | 0 |  | (83) |  | (83) |  | 0 | 0 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.214 | Maturity | Maturity | 10/10/2025 | 12000 |  | 0 |  | 66 |  | 66 |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.380 | Maturity | Maturity | 10/15/2025 | 2600 |  | 0 |  | (11) |  | (11) |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.341 | Maturity | Maturity | 11/07/2025 | 5100 |  | 0 |  | (30) |  | (30) |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 3.042 | Maturity | Maturity | 02/21/2026 | 1600 |  | 0 |  | (2) |  | (2) |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.418 | Maturity | Maturity | 03/05/2026 | 4500 |  | (542) |  | (3) |  | (545) |  | 1 | 1 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 3.323 | Maturity | Maturity | 04/23/2026 | 6500 |  | 4 |  | 13 |  | 17 |  | 1 | 1 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.767 | Maturity | Maturity | 05/13/2026 | 2900 |  | (295) |  | 4 |  | (291) |  | 1 | 1 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.813 | Maturity | Maturity | 05/14/2026 | 800 |  | 0 |  | 78 |  | 78 |  | 0 | 0 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.703 | Maturity | Maturity | 05/25/2026 | 830 |  | 0 |  | 85 |  | 85 |  | 0 | 0 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.690 | Maturity | Maturity | 06/01/2026 | 600 |  | 0 |  | 61 |  | 61 |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.370 | Maturity | Maturity | 06/06/2028 | 2200 |  | 0 |  | (256) |  | (256) |  | 1 | 1 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.165 | Maturity | Maturity | 04/16/2029 | 2000 |  | 0 |  | (288) |  | (288) |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 1.954 | Maturity | Maturity | 06/03/2029 | 1000 |  | 0 |  | (164) |  | (164) |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 1.997 | Maturity | Maturity | 07/25/2029 | 1300 |  | 0 |  | (205) |  | (205) |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 1.882 | Maturity | Maturity | 11/20/2029 | 500 |  | 1 |  | (87) |  | (86) |  | 0 | 0 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.311 | Maturity | Maturity | 02/24/2031 | 1500 |  | 1 |  | 199 |  | 200 |  | 1 | 1 |  | 0 |
| Pay | Pay | FRCPXTOB | FRCPXTOB | 1.410 | Maturity | Maturity | 11/15/2039 | 300 |  | 0 |  | (52) |  | (52) |  | 1 | 1 |  | 0 |
| Receive | Receive | UKRPI | UKRPI | 0.000 | Maturity | Maturity | 09/15/2027 | 1200 |  | 0 |  | (1) |  | (1) |  | 0 | 0 |  | (2) |
| Pay | Pay | UKRPI | UKRPI | 3.500 | Maturity | Maturity | 08/15/2034 | 1500 |  | 8 |  | 21 |  | 29 |  | 6 | 6 |  | 0 |
| Pay | Pay | UKRPI | UKRPI | 3.466 | Maturity | Maturity | 09/15/2034 | 600 |  | 0 |  | 8 |  | 8 |  | 2 | 2 |  | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**(663)** | **(663)** | $**3398** | **3398** | $**2735** | **2735** | $**184** | **184** | **184** | $**(95)** | **(95)** |
| **(g)** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** | **Securities with an aggregate market value of $533 and cash of $2,257 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2025.** |
| <sup>(1)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| <sup>(2)</sup> | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 and liability of $(15) for closed futures is outstanding at period end. |
| **(h)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp; AZD | 10/2025  | 10/2025  | 10/2025  | AUD | 3623 | 3623 | $ | $2344 | 2344 | 2344 | 0 | 0 | 0 | 0 | $(53) | (53) | (53) |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | EUR | 11836 | 11836 |  | 13805 | 13805 | 13805 | 0 | 0 | 0 | 0 | (91) | (91) | (91) |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | $ | $707 | 707 | AUD | 1077 | 1077 | 1077 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  |  | 3439 | 3439 | CAD | 4784 | 4784 | 4784 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 11/2025  | 11/2025  | 11/2025  | AUD | 1077 | 1077 | $ | $708 | 708 | 708 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 11/2025  | 11/2025  | 11/2025  | CAD | 4777 | 4777 |  | 3439 | 3439 | 3439 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 11/2025  | 11/2025  | 11/2025  | NZD | 74 | 74 |  | 43 | 43 | 43 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp; BOA | 10/2025  | 10/2025  | 10/2025  | JPY | 44612 | 44612 |  | 304 | 304 | 304 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | $ | $120 | 120 | ILS | 405 | 405 | 405 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  |  | 503 | 503 | INR | 44479 | 44479 | 44479 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 10/2025  | 10/2025  | 10/2025  |  | 1902 | 1902 | JPY | 284924 | 284924 | 284924 | 24 | 24 | 24 | 24 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  |  | 150 | 150 | KRW | 208394 | 208394 | 208394 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series R (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 10/2025  | 145 | 252 | 1 | 0 |
|  | 10/2025  | 53 | 191 | 0 | (1) |
|  | 11/2025  | 283937 | $1902 | 0 | (24) |
|  | 11/2025  | 252 | 145 | 0 | (1) |
|  | 11/2025  | $50 | 166 | 1 | 0 |
| &nbsp;&nbsp;&nbsp; BPS | 10/2025  | 1751 | $329 | 0 | 0 |
|  | 10/2025  | 3909 | 549 | 0 | 0 |
|  | 10/2025  | 11916116 | 720 | 7 | (1) |
|  | 10/2025  | 18530 | 210 | 2 | 0 |
|  | 10/2025  | 39511 | 1314 | 17 | (1) |
|  | 10/2025  | $320 | 1751 | 9 | 0 |
|  | 10/2025  | 984 | 16251383 | 0 | (9) |
|  | 10/2025  | 2222 | 330097 | 11 | 0 |
|  | 10/2025  | 748 | 1034007 | 0 | (11) |
|  | 10/2025  | 1112 | 4046 | 1 | (1) |
|  | 11/2025  | 2005364 | $120 | 0 | 0 |
|  | 11/2025  | 12461 | 140 | 0 | 0 |
|  | 11/2025  | 328951 | 2222 | 0 | (10) |
|  | 11/2025  | 112145 | 80 | 0 | 0 |
|  | 11/2025  | $150 | 505 | 2 | 0 |
|  | 12/2025  | 3657 | $122 | 1 | 0 |
|  | 12/2025  | $177 | 2975974 | 2 | 0 |
| &nbsp;&nbsp;&nbsp; BRC | 10/2025  | 712 | $892 | 0 | (2) |
|  | 10/2025  | 380 | 513 | 2 | 0 |
|  | 10/2025  | $972 | 779 | 7 | 0 |
|  | 10/2025  | 13824 | 11792 | 21 | 0 |
|  | 10/2025  | 66 | 243 | 0 | 0 |
|  | 10/2025  | 404 | 7135 | 8 | 0 |
|  | 11/2025  | 2916 | $1928 | 0 | (3) |
|  | 11/2025  | 11792 | 13852 | 0 | (21) |
|  | 11/2025  | $892 | 709 | 2 | 0 |
|  | 11/2025  | 514 | 380 | 0 | (2) |
|  | 11/2025  | 1128 | $64 | 0 | (1) |
|  | 12/2025  | $101 | 1877 | 0 | 0 |
| &nbsp;&nbsp;&nbsp; CBK | 10/2025  | 186 | $121 | 0 | (2) |
|  | 10/2025  | 2143 | 403 | 0 | 0 |
|  | 10/2025  | 7 | 5 | 0 | 0 |
|  | 10/2025  | 148 | 21 | 0 | 0 |
|  | 10/2025  | 7243 | 1131 | 0 | (8) |
|  | 10/2025  | 7233079 | 437 | 4 | (1) |
|  | 10/2025  | 24479 | 276 | 0 | 0 |
|  | 10/2025  | 1365 | 1063 | 5 | 0 |
|  | 10/2025  | 1334 | 41 | 0 | 0 |
|  | 10/2025  | 50214 | 1694 | 45 | 0 |
|  | 10/2025  | $388 | 2143 | 15 | 0 |
|  | 10/2025  | 97 | 83 | 1 | 0 |
|  | 10/2025  | 185 | 137 | 0 | (1) |
|  | 10/2025  | 293 | 4817076 | 0 | (4) |
|  | 10/2025  | 1464 | 128681 | 0 | (16) |
|  | 10/2025  | 261 | 2475 | 2 | 0 |
|  | 10/2025  | 3926 | 5066 | 1 | 0 |
|  | 10/2025  | 585 | 17794 | 1 | (1) |
|  | 10/2025  | 552 | $32 | 0 | 0 |
|  | 11/2025  | 5053 | 3926 | 0 | (2) |
|  | 11/2025  | $111 | 372 | 1 | 0 |
|  | 11/2025  | 276 | 24526 | 0 | 0 |
|  | 12/2025  | 11606 | $384 | 1 | 0 |
|  | 12/2025  | $183 | 3073425 | 1 | 0 |
|  | 01/2026  | 6058 | $201 | 1 | 0 |
| &nbsp;&nbsp;&nbsp; DUB | 10/2025  | 8377 | 1178 | 2 | 0 |
|  | 10/2025  | 4270566 | 261 | 4 | 0 |
|  | 10/2025  | 39761 | 448 | 0 | 0 |
|  | 10/2025  | 532456 | 384 | 4 | 0 |
|  | 10/2025  | 326 | 191 | 2 | 0 |
|  | 10/2025  | $335 | 1145 | 11 | 0 |
|  | 10/2025  | 906 | 80147 | 0 | (5) |
|  | 11/2025  | 1145 | $335 | 0 | (10) |
|  | 11/2025  | 3538 | 40 | 0 | 0 |
|  | 11/2025  | $448 | 39840 | 0 | 0 |
|  | 11/2025  | 1283 | $73 | 0 | (1) |
| &nbsp;&nbsp;&nbsp; GLM | 10/2025  | 21046 | 3941 | 0 | (13) |
|  | 10/2025  | 31 | 38 | 0 | 0 |
|  | 10/2025  | 589 | 83 | 0 | 0 |
|  | 10/2025  | 3021338 | 181 | 0 | 0 |
|  | 10/2025  | 51 | 40 | 0 | 0 |
|  | 10/2025  | $3775 | 21046 | 180 | (1) |
|  | 10/2025  | 294 | 4859845 | 0 | (2) |
|  | 10/2025  | 316 | 27756 | 0 | (4) |
|  | 11/2025  | 30 | 100 | 0 | 0 |
|  | 12/2025  | 3941 | 21345 | 12 | 0 |
|  | 12/2025  | 176 | 2951180 | 1 | 0 |
| &nbsp;&nbsp;&nbsp; IND | 10/2025  | 184 | $120 | 0 | (2) |
|  | 10/2025  | $1233 | 7883 | 7 | 0 |
|  | 11/2025  | 7865 | $1233 | 0 | (7) |
| &nbsp;&nbsp;&nbsp; JPM | 10/2025  | 4772 | 3453 | 24 | 0 |
|  | 10/2025  | 8761315 | 525 | 0 | (1) |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series R (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 10/2025  | 10/2025  | KRW | 921573 |  | 665 | 665 | 7 | 7 |  | 0 |
|  |  | 10/2025  | 10/2025  | SGD | 254 |  | 198 | 198 | 1 | 1 |  | 0 |
|  |  | 10/2025  | 10/2025  | $ | 859 | DKK | 5467 | 5467 | 1 | 1 |  | 0 |
|  |  | 10/2025  | 10/2025  |  | 112 | EUR | 96 | 96 | 1 | 1 |  | 0 |
|  |  | 10/2025  | 10/2025  |  | 841 | IDR | 13963544 | 13963544 | 1 | 1 |  | (4) |
|  |  | 10/2025  | 10/2025  |  | 130 | ILS | 435 | 435 | 2 | 2 |  | 0 |
|  |  | 10/2025  | 10/2025  |  | 44 | PLN | 161 | 161 | 1 | 1 |  | 0 |
|  |  | 10/2025  | 10/2025  |  | 68 | TWD | 2069 | 2069 | 0 | 0 |  | 0 |
|  |  | 10/2025  | 10/2025  |  | 91 | ZAR | 1609 | 1609 | 2 | 2 |  | 0 |
|  |  | 11/2025  | 11/2025  | DKK | 5454 | $ | 859 | 859 | 0 | 0 |  | (1) |
|  |  | 11/2025  | 11/2025  | ZAR | 3580 |  | 205 | 205 | 0 | 0 |  | (2) |
| &nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp; MBC | 10/2025  | 10/2025  | CHF | 32 |  | 40 | 40 | 0 | 0 |  | 0 |
|  |  | 10/2025  | 10/2025  | CNH | 4263 |  | 600 | 600 | 2 | 2 |  | 0 |
|  |  | 10/2025  | 10/2025  | EUR | 135 |  | 159 | 159 | 0 | 0 |  | 0 |
|  |  | 10/2025  | 10/2025  | GBP | 551 |  | 742 | 742 | 2 | 2 |  | 0 |
|  |  | 10/2025  | 10/2025  | IDR | 437084 |  | 27 | 27 | 0 | 0 |  | 0 |
|  |  | 10/2025  | 10/2025  | JPY | 31718 |  | 216 | 216 | 2 | 2 |  | 0 |
|  |  | 10/2025  | 10/2025  | KRW | 1220633 |  | 876 | 876 | 5 | 5 |  | 0 |
|  |  | 10/2025  | 10/2025  | SEK | 3853 |  | 402 | 402 | 0 | 0 |  | (7) |
|  |  | 10/2025  | 10/2025  | SGD | 3342 |  | 2608 | 2608 | 17 | 17 |  | 0 |
|  |  | 10/2025  | 10/2025  | THB | 3149 |  | 98 | 98 | 1 | 1 |  | 0 |
|  |  | 10/2025  | 10/2025  | $ | 156 | CHF | 123 | 123 | 0 | 0 |  | (2) |
|  |  | 10/2025  | 10/2025  |  | 425 | CNH | 3027 | 3027 | 0 | 0 |  | 0 |
|  |  | 10/2025  | 10/2025  |  | 291 | GBP | 215 | 215 | 0 | 0 |  | (2) |
|  |  | 10/2025  | 10/2025  |  | 1100 | JPY | 163600 | 163600 | 7 | 7 |  | 0 |
|  |  | 10/2025  | 10/2025  |  | 589 | KRW | 822587 | 822587 | 0 | 0 |  | (2) |
|  |  | 10/2025  | 10/2025  |  | 160 | SEK | 1535 | 1535 | 3 | 3 |  | 0 |
|  |  | 10/2025  | 10/2025  |  | 110 | THB | 3561 | 3561 | 0 | 0 |  | 0 |
|  |  | 11/2025  | 11/2025  | CNH | 3020 | $ | 425 | 425 | 0 | 0 |  | 0 |
|  |  | 11/2025  | 11/2025  | JPY | 279696 |  | 1891 | 1891 | 0 | 0 |  | (7) |
|  |  | 11/2025  | 11/2025  | $ | 742 | GBP | 551 | 551 | 0 | 0 |  | (2) |
|  |  | 11/2025  | 11/2025  |  | 30 | ILS | 100 | 100 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp; MYI | 10/2025  | 10/2025  | CAD | 123 | $ | 88 | 88 | 0 | 0 |  | 0 |
|  |  | 10/2025  | 10/2025  | CNH | 4304 |  | 605 | 605 | 1 | 1 |  | 0 |
|  |  | 10/2025  | 10/2025  | IDR | 1753993 |  | 107 | 107 | 1 | 1 |  | 0 |
|  |  | 10/2025  | 10/2025  | JPY | 197275 |  | 1337 | 1337 | 3 | 3 |  | 0 |
|  |  | 10/2025  | 10/2025  | $ | 2589 | JPY | 386460 | 386460 | 25 | 25 |  | 0 |
|  |  | 10/2025  | 10/2025  |  | 386 | PLN | 1399 | 1399 | 0 | 0 |  | (2) |
|  |  | 10/2025  | 10/2025  |  | 330 | TWD | 9928 | 9928 | 0 | 0 |  | (3) |
|  |  | 11/2025  | 11/2025  | JPY | 385131 | $ | 2589 | 2589 | 0 | 0 |  | (25) |
|  |  | 12/2025  | 12/2025  | TWD | 9864 |  | 330 | 330 | 4 | 4 |  | 0 |
| &nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp; SCX | 10/2025  | 10/2025  | CNH | 6403 |  | 901 | 901 | 2 | 2 |  | 0 |
|  |  | 10/2025  | 10/2025  | DKK | 6106 |  | 951 | 951 | 0 | 0 |  | (10) |
|  |  | 10/2025  | 10/2025  | GBP | 191 |  | 256 | 256 | 0 | 0 |  | (1) |
|  |  | 10/2025  | 10/2025  | IDR | 3752601 |  | 225 | 225 | 0 | 0 |  | 0 |
|  |  | 10/2025  | 10/2025  | INR | 28756 |  | 323 | 323 | 0 | 0 |  | 0 |
|  |  | 10/2025  | 10/2025  | JPY | 1010024 |  | 6869 | 6869 | 39 | 39 |  | 0 |
|  |  | 10/2025  | 10/2025  | SGD | 51 |  | 40 | 40 | 1 | 1 |  | 0 |
|  |  | 10/2025  | 10/2025  | TWD | 30009 |  | 1013 | 1013 | 27 | 27 |  | 0 |
|  |  | 10/2025  | 10/2025  | $ | 295 | IDR | 4843779 | 4843779 | 0 | 0 |  | (4) |
|  |  | 10/2025  | 10/2025  |  | 881 | INR | 77745 | 77745 | 0 | 0 |  | (6) |
|  |  | 11/2025  | 11/2025  | JPY | 1347 | $ | 9 | 9 | 0 | 0 |  | 0 |
|  |  | 11/2025  | 11/2025  | $ | 256 | GBP | 191 | 191 | 1 | 1 |  | 0 |
|  |  | 11/2025  | 11/2025  |  | 284 | INR | 25270 | 25270 | 0 | 0 |  | 0 |
|  |  | 12/2025  | 12/2025  |  | 225 | IDR | 3762085 | 3762085 | 1 | 1 |  | 0 |
| &nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp; SSB | 10/2025  | 10/2025  |  | 1038 | GBP | 770 | 770 | 0 | 0 |  | (2) |
|  |  | 11/2025  | 11/2025  | $ | 160 | CHF | 127 | 127 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp; UAG | 10/2025  | 10/2025  | ILS | 2101 | $ | 630 | 630 | 0 | 0 |  | (5) |
|  |  | 10/2025  | 10/2025  | $ | 34 | ILS | 115 | 115 | 1 | 1 |  | 0 |
|  |  | 10/2025  | 10/2025  |  | 24 | INR | 2098 | 2098 | 0 | 0 |  | 0 |
|  |  | 10/2025  | 10/2025  |  | 385 | PLN | 1398 | 1398 | 0 | 0 |  | (1) |
|  |  | 10/2025  | 10/2025  |  | 110 | THB | 3560 | 3560 | 0 | 0 |  | 0 |
|  |  | 10/2025  | 10/2025  |  | 32 | ZAR | 552 | 552 | 0 | 0 |  | 0 |
|  |  | 10/2025  | 10/2025  | ZAR | 552 | $ | 32 | 32 | 0 | 0 |  | 0 |
|  |  | 11/2025  | 11/2025  | ILS | 115 |  | 34 | 34 | 0 | 0 |  | (1) |
|  |  | 11/2025  | 11/2025  | ZAR | 1227 |  | 70 | 70 | 0 | 0 |  | (1) |
|  |  | 12/2025  | 12/2025  | MXN | 1133 |  | 59 | 59 | 0 | 0 |  | (2) |
|  |  | 12/2025  | 12/2025  | $ | 533 | MXN | 10039 | 10039 | 11 | 11 |  | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**625** | **625** | **$** | **(416)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** |
| Counterparty | Description | Description | Initial<br>Index | &nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp; Floating<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value |
| GLM | Cap - OTC CPALEMU  | Cap - OTC CPALEMU  | 100.151 | &nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | 06/22/2035 | 1200 | 1200 | $(54) | (54) | $(26) |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series R (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** |
| Counterparty | Description | Description | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| GLM | Call - OTC 2-Year Interest Rate Swap | Call - OTC 2-Year Interest Rate Swap | 6-Month EUR-EURIBOR | Receive | Receive | 2.350% | 01/07/2027 | 01/07/2027 |  | 12200 | 12200 | 12200 | $(111) | (111) | (65) | (65) |
|  | Put - OTC 2-Year Interest Rate Swap | Put - OTC 2-Year Interest Rate Swap | 6-Month EUR-EURIBOR | Pay | Pay | 2.350 | 01/07/2027 | 01/07/2027 |  | 12200 | 12200 | 12200 | (111) | (111) | (66) | (66) |
|  | Call - OTC 2-Year Interest Rate Swap | Call - OTC 2-Year Interest Rate Swap | 6-Month EUR-EURIBOR | Receive | Receive | 2.500 | 01/14/2027 | 01/14/2027 |  | 3000 | 3000 | 3000 | (27) | (27) | (22) | (22) |
|  | Put - OTC 2-Year Interest Rate Swap | Put - OTC 2-Year Interest Rate Swap | 6-Month EUR-EURIBOR | Pay | Pay | 2.500 | 01/14/2027 | 01/14/2027 |  | 3000 | 3000 | 3000 | (28) | (28) | (12) | (12) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $(277) | (277) | (165) | (165) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(331)** | **(331)** | **(191)** | **(191)** |
| Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 09/30/2025 | Fair Value<br>at 09/30/2025 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | $0 | 0 | 0 | $2262 | 2262 | 2262 | $0 | 0 | 0 | 2262 | 2262 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 0 | 0 | 1800 | 1800 | 1800 | 1800 | 1800 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 65546 | 65546 | 65546 | 0 | 0 | 0 | 65546 | 65546 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 226711 | 226711 | 226711 | 0 | 0 | 0 | 226711 | 226711 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 1393 | 1393 | 1393 | 0 | 0 | 0 | 1393 | 1393 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 602 | 602 | 602 | 0 | 0 | 0 | 602 | 602 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 1616 | 1616 | 1616 | 0 | 0 | 0 | 1616 | 1616 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 21160 | 21160 | 21160 | 0 | 0 | 0 | 21160 | 21160 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 14371 | 14371 | 14371 | 0 | 0 | 0 | 14371 | 14371 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 856 | 856 | 856 | 0 | 0 | 0 | 856 | 856 |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 3100 | 3100 | 3100 | 0 | 0 | 0 | 3100 | 3100 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $0 | 0 | 0 | $337617 | 337617 | 337617 | $1800 | 1800 | 1800 | 339417 | 339417 |  |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 49 | 49 | 49 | 231 | 231 | 231 | 0 | 0 | 0 | 280 | 280 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 625 | 625 | 625 | 0 | 0 | 0 | 625 | 625 |  |
|  |  |  |  |  | $49 | 49 | 49 | $856 | 856 | 856 | $0 | 0 | 0 | 905 | 905 |  |
| **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (68) | (68) | (68) | (198) | (198) | (198) | 0 | 0 | 0 | (266) | (266) |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (607) | (607) | (607) | 0 | 0 | 0 | (607) | (607) |  |
|  |  |  |  |  | $(68) | (68) | (68) | $(805) | (805) | (805) | $0 | 0 | 0 | (873) | (873) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $(19) | (19) | (19) | $51 | 51 | 51 | $0 | 0 | 0 | 32 | 32 |  |
| Totals | Totals | Totals | Totals | Totals | $(19) | (19) | (19) | $337668 | 337668 | 337668 | $1800 | 1800 | 1800 | 339449 | 339449 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** |
| Category and Subcategory | Category and Subcategory | Net<br>Purchases | Net<br>Sales/Settlements | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 09/30/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>09/30/2025<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>09/30/2025<sup>(1)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Corporate Bonds & Notes | Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Industrials | Industrials | 1800 | $0 | $ | 0 | $ | $ | 0 | $ | $0 | 0 | $ | 0 | 1800 | $ | 0 |
| Totals | Totals | 1800 | $0 | $ | 0 | $ | $ | 0 | $ | $0 | 0 | $ | 0 | 1800 | $ | 0 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 09/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Weighted Average% |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Industrials | Industrials | $1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 |  |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series R (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total | Total | $1800 |
| <sup>(1)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

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------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 96.7% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 1.0%**  |  |  |
| **Bonnie Brae**  |  |  |
| 7.095% due 06/01/2059 « | $520 | $534 |
| 7.095% due 06/02/2059 « | 1620 | 1663 |
| **Gladieux Metals Recycling LLC**<br>14.107% (TSFR3M + 10.000%) due 10/19/2025 «~(f) | 171 | 85 |
| Total Loan Participations and Assignments (Cost $2,253) |  | 2282 |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **BANKING & FINANCE 0.1%**  |  |  |
| **Benloch Ranch Improvement Association No. 2** <br>10.000% due 12/01/2051 « | 200 | 151 |
| **INDUSTRIALS 0.3%**  |  |  |
| **Providence St. Joseph Health Obligated Group** <br>5.403% due 10/01/2033 | 700 | 720 |
| Total Corporate Bonds & Notes (Cost $896) |  | 871 |
| **MUNICIPAL BONDS & NOTES 92.3%**  |  |  |
| **ALABAMA 5.5%**  |  |  |
| **Baldwin County, Alabama Industrial Development Authority Revenue Bonds, Series 2025**  |  |  |
| 4.625% due 06/01/2055  | 250 | 251 |
| 5.000% due 06/01/2055  | 800 | 819 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2023** <br>5.500% due 10/01/2054 | 2000 | 2213 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2024** <br>5.000% due 03/01/2055 | 600 | 655 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2025** <br>5.000% due 12/01/2055 | 300 | 323 |
| **Energy Southeast A Cooperative District, Alabama Revenue Bonds, Series 2024** <br>5.250% due 07/01/2054 | 1000 | 1096 |
| **Mobile County, Alabama Industrial Development Authority Revenue Bonds, Series 2024** <br>5.000% due 06/01/2054 | 1990 | 1916 |
| **Southeast Alabama Gas Supply District Revenue Bonds, Series 2024** <br>5.000% due 06/01/2049 | 1000 | 1085 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2024** <br>5.000% due 11/01/2035 | 800 | 844 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 05/01/2055  | 1500 | 1621 |
| 5.250% due 03/01/2055  | 2000 | 2139 |
|  |  | 12962 |
| **ARIZONA 0.8%**  |  |  |
| **Arizona Industrial Development Authority Revenue Bonds, Series 2025** <br>6.750% due 12/01/2055 | 250 | 254 |
| **Industrial Development Authority of the City of Phoenix, Arizona Revenue Notes, Series 2018** <br>5.000% due 07/01/2028 | 250 | 260 |
| **Phoenix Civic Improvement Corp. Arizona Revenue Bonds, Series 2019** <br>5.000% due 07/01/2049 | 1250 | 1267 |
|  |  | 1781 |
| **ARKANSAS 0.8%**  |  |  |
| **Arkansas Development Finance Authority Revenue Bonds, Series 2019** <br>4.500% due 09/01/2049 | 1200 | 1151 |
| **Arkansas Development Finance Authority Revenue Bonds, Series 2020** <br>4.750% due 09/01/2049 | 200 | 193 |
| **Arkansas Development Finance Authority Revenue Bonds, Series 2023** <br>7.375% due 07/01/2048 | 500 | 543 |
|  |  | 1887 |
| **CALIFORNIA 7.0%**  |  |  |
| **California Community Choice Financing Authority Revenue Bonds, Series 2024**  |  |  |
| 5.000% due 05/01/2054  | 1000 | 1081 |
| 5.000% due 02/01/2055  | 700 | 763 |

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------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **California** **Community Choice Financing Authority Revenue Bonds, Series 2025** <br>5.000% due 10/01/2055 | 600 | 646 |
| **California Community Housing Agency Revenue Bonds, Series 2022** <br>4.500% due 08/01/2052 | 250 | 193 |
| **California County Tobacco Securitization Agency Revenue Bonds, Series 2020** <br>0.000% due 06/01/2055 (c) | 1000 | 187 |
| **California Educational Facilities Authority Revenue Bonds, Series 2023** <br>5.500% due 10/01/2053 | 1000 | 976 |
| **California Housing Finance Revenue Bonds, Series 2024**  |  |  |
| 6.000% due 03/01/2053  | 800 | 816 |
| 7.000% due 03/01/2053  | 250 | 244 |
| **California Infrastructure & Economic Development Bank Revenue Bonds, Series 2020** <br>0.000% due 01/01/2060 (c) | 2250 | 205 |
| **California Municipal Finance Authority Revenue Bonds, Series 2024** <br>6.000% due 01/01/2039 | 1000 | 1027 |
| **California Municipal Finance Authority Revenue Bonds, Series 2025** <br>5.000% due 01/01/2038 | 500 | 505 |
| **California Public Finance Authority Revenue Bonds, Series 2019** <br>6.250% due 07/01/2054 | 250 | 257 |
| **California State General Obligation Bonds, Series 2015** <br>3.875% due 12/01/2030 | 500 | 500 |
| **California Statewide Communities Development Authority Revenue Bonds, (AGM Insured), Series 2022** <br>5.375% due 08/15/2057 | 250 | 257 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2019** <br>4.250% due 11/01/2059 | 200 | 173 |
| **CSCDA Community Improvement Authority, California Revenue Bonds, Series 2022** <br>4.750% due 09/01/2062 (d) | 500 | 320 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021**  |  |  |
| 0.000% due 06/01/2066 (c)  | 9000 | 959 |
| 3.714% due 06/01/2041  | 2000 | 1571 |
| 4.214% due 06/01/2050  | 100 | 74 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2022** <br>5.000% due 06/01/2051 | 300 | 296 |
| **Hastings Campus Housing Finance Authority, California Revenue Bonds, Series 2020** <br>5.000% due 07/01/2061 | 1000 | 890 |
| **Los Angeles Department of Airports, California Revenue Bonds, Series 2018** <br>4.000% due 05/15/2048 | 1000 | 905 |
| **Sacramento County, California Special Tax Bonds, Series 2022** <br>5.000% due 09/01/2047 | 500 | 502 |
| **San Joaquin Valley Clean Energy Authority, California Revenue Bonds, Series 2025** <br>5.500% due 01/01/2056 | 300 | 345 |
| **Tobacco Securitization Authority of Northern California Revenue Bonds, Series 2021** <br>0.000% due 06/01/2060 (c) | 2500 | 385 |
| **Tobacco Securitization Authority of Southern California Revenue Bonds, Series 2019** <br>0.000% due 06/01/2054 (c) | 2000 | 406 |
| **University of California Revenue Bonds, Series 2022** <br>5.000% due 05/15/2052 | 1800 | 1877 |
|  |  | 16360 |
| **COLORADO 5.4%**  |  |  |
| **Aerotropolis Regional Transportation Authority, Colorado Revenue Bonds, Series 2024** <br>5.500% due 12/01/2044 | 1000 | 979 |
| **Canyons Metropolitan District No 5, Colorado General Obligation Bonds, Series 2024** <br>6.500% due 12/15/2054 | 250 | 251 |
| **Centerra Metropolitan District No 1, Colorado Tax Allocation Bonds, Series 2017** <br>5.000% due 12/01/2037 | 250 | 250 |
| **Centerra Metropolitan District No 1, Colorado Tax Allocation Bonds, Series 2018** <br>5.250% due 12/01/2048 | 500 | 500 |
| **Colorado Crossing Metropolitan District No 2, General Obligation Bonds, Series 2020** <br>5.000% due 12/01/2047 | 500 | 473 |
| **Colorado International Center Metropolitan District No 7, General Obligation Bonds, Series 2021** <br>5.250% due 12/01/2051 (d) | 750 | 609 |
| **Colorado State Building Excellent School Certificates of Participation Bonds, Series 2021** <br>4.000% due 03/15/2046 | 1000 | 935 |
| **Crowfoot Valley Ranch Metropolitan District No 2, Colorado General Obligation Bonds, Series 2024** <br>6.125% due 12/15/2054 | 750 | 723 |
| **Denver, Colorado Airport System City & County Revenue Bonds, Series 2018** <br>4.000% due 12/01/2043 | 1000 | 911 |
| **Dominion Water & Sanitation District, Colorado Revenue Bonds, Series 2022** <br>5.875% due 12/01/2052 | 1950 | 1981 |
| **Elbert County, Colorado Independence Water & Sanitation District Revenue Notes, Series 2024** <br>5.125% due 12/01/2033 | 1000 | 1030 |
| **Johnstown Village Metropolitan District No 2, Colorado General Obligation Bonds, Series 2020** <br>5.000% due 12/01/2050 | 500 | 447 |
| **Longs Peak Metropolitan District, Colorado General Obligation Bonds, Series 2021** <br>5.250% due 12/01/2051 | 500 | 480 |
| **Rampart Range Metropolitan District No 5, Colorado Revenue Bonds, Series 2021** <br>4.000% due 12/01/2036 | 750 | 714 |
| **Senac South Metropolitan District No 1, Colorado General Obligation Bonds, Series 2021** <br>5.250% due 12/01/2051 | 550 | 516 |
| **Sterling Ranch Community Authority Board, Colorado Revenue Bonds, Series 2024** <br>5.750% due 12/01/2054 | 500 | 498 |
| **Velocity Metropolitan District No 5, Colorado General Obligation Bonds, Series 2020** <br>6.000% due 12/01/2050 (d) | 1000 | 852 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Willow** **Bend Metropolitan District, Colorado General Obligation Bonds, Series 2019** <br>5.000% due 12/01/2049 | 500 | 461 |
|  |  | 12610 |
| **DELAWARE 0.6%**  |  |  |
| **Affordable Housing Opportunities Trust, Delaware Revenue Bonds, Series 2022**  |  |  |
| 3.167% due 10/01/2038  | 970 | 826 |
| 7.120% due 10/01/2038  | 175 | 166 |
| **Delaware State Economic Development Authority Revenue Bonds, Series 2020** <br>1.250% due 10/01/2045 | 500 | 500 |
|  |  | 1492 |
| **DISTRICT OF COLUMBIA 0.3%**  |  |  |
| **Washington Metropolitan Area Transit Authority Dedicated, District of Columbia Revenue Bonds, Series 2024** <br>5.000% due 07/15/2054 | 300 | 309 |
| **Washington Metropolitan Area Transit Authority Dedicated, District of Columbia Revenue Bonds, Series 2025** <br>5.250% due 07/15/2055 | 300 | 317 |
|  |  | 626 |
| **FLORIDA 11.8%**  |  |  |
| **Alachua County, Florida Housing Finance Authority Revenue Bonds, Series 2025** <br>6.300% due 07/01/2055 | 250 | 257 |
| **Antillia Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.600% due 05/01/2044 | 710 | 716 |
| **Avenir Community Development District, Florida Special Assessment Bonds, Series 2023** <br>5.625% due 05/01/2054 | 405 | 409 |
| **Babcock Ranch Community Independent Special District, Florida Special Assessment Bonds, Series 2022** <br>5.000% due 05/01/2042 | 300 | 300 |
| **Babcock Ranch Community Independent Special District, Florida Special Assessment Bonds, Series 2024** <br>5.250% due 05/01/2055 | 250 | 247 |
| **Babcock Ranch Community Independent Special District, Florida Special Assessment Notes, Series 2022** <br>4.250% due 05/01/2032 | 390 | 397 |
| **Bella Collina Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.000% due 05/01/2044 | 250 | 245 |
| **Berry Bay II Community Development District, Florida Special Assessment Notes, Series 2024** <br>4.450% due 05/01/2031 | 220 | 223 |
| **Capital Trust Agency Inc, Florida Revenue Bonds, Series 2021** <br>5.000% due 01/01/2056 | 250 | 209 |
| **Capital Trust Authority, Florida Revenue Bonds, Series 2025** <br>5.250% due 07/01/2050 | 1300 | 1263 |
| **Charlotte County Industrial Development Authority, Florida Revenue Notes, Series 2025** <br>5.125% due 10/01/2035 | 685 | 700 |
| **Edgewater West Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.250% due 05/01/2044 | 500 | 484 |
| **Florida Development Finance Corp. Revenue Bonds, (AGM Insured), Series 2024** <br>5.250% due 07/01/2053 | 1000 | 978 |
| **Florida Development Finance Corp. Revenue Bonds, Series 2024** <br>5.250% due 08/01/2049 | 1000 | 1022 |
| **Florida Higher Educational Facilities Financing Authority Revenue Bonds, Series 2025**  |  |  |
| 6.000% due 07/01/2045  | 600 | 596 |
| 6.250% due 07/01/2055  | 200 | 199 |
| **Florida Local Government Finance Commission Revenue Bonds, Series 2025** <br>6.625% due 11/15/2045 | 335 | 349 |
| **Gas Worx Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.000% due 05/01/2036 | 615 | 633 |
| **GIR East Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.300% due 05/01/2045 | 1000 | 976 |
| **Golden Gem Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.700% due 05/01/2044 | 1000 | 1002 |
| **Hammock Oaks Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.750% due 05/01/2055 | 500 | 501 |
| **Hickory Tree Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.450% due 05/01/2055 | 250 | 242 |
| **Hyde Park Community Development District No 1, Florida Special Assessment Bonds, Series 2024** <br>5.350% due 05/01/2044 | 420 | 415 |
| **Ibis Landing Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.700% due 06/15/2045 | 615 | 630 |
| **Lakes of Sarasota Community Development District 2, Florida Special Assessment Bonds, Series 2025** <br>5.500% due 05/01/2045 | 230 | 229 |
| **Lakes of Sarasota Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.300% due 05/01/2044 | 425 | 417 |
| **Lakewood Ranch Stewardship District, Florida Special Assessment Bonds, Series 2024**  |  |  |
| 5.250% due 05/01/2044  | 585 | 589 |
| 5.550% due 05/01/2054  | 530 | 533 |
| **Lakewood Ranch Stewardship District, Florida Special Assessment Bonds, Series 2025** <br>5.500% due 05/01/2040 | 400 | 410 |
| **LTC Ranch West Residential Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.375% due 05/01/2044 | 875 | 853 |
| **Magnolia Island Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.550% due 05/01/2045 | 250 | 248 |
| **Miami-Dade County, Florida Aviation Revenue Bonds, Series 2025** <br>5.250% due 10/01/2055 | 1000 | 1049 |

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------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Miami** **-Dade County, Florida Aviation Revenue Notes, Series 2024** <br>5.000% due 10/01/2034 | 700 | 784 |
| **Miami-Dade County, Florida Transit System Revenue Bonds, Series 2018** <br>4.000% due 07/01/2044 | 1000 | 965 |
| **Midtown Miami Community Development District, Florida Special Assessment Bonds, Series 2014** <br>5.000% due 05/01/2029 | 615 | 616 |
| **Newfield Community Development District, Florida Special Assessment Notes, Series 2025** <br>5.000% due 05/01/2035 | 790 | 829 |
| **Newport Isles Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.200% due 05/01/2054 | 150 | 143 |
| **Normandy Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.550% due 05/01/2054 | 250 | 240 |
| **Orange County, Florida Health Facilities Authority Revenue Bonds, Series 2024** <br>5.000% due 08/01/2047 | 150 | 146 |
| **Osceola County, Florida Transportation Revenue Notes, Series 2020** <br>0.000% due 10/01/2028 (c) | 475 | 426 |
| **Parrish Lakes Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.500% due 05/01/2044 | 510 | 509 |
| **Pasadena Ridge Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.375% due 05/01/2055 | 100 | 97 |
| **Pioneer Ranch Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.000% due 05/01/2044 | 795 | 762 |
| **Reflection Bay Community Development District, Florida Special Assessment Notes, Series 2025** <br>5.000% due 05/01/2035 | 625 | 649 |
| **Rivers Edge III Community Development District, Florida Special Assessment Bonds, Series 2025** <br>5.750% due 05/01/2045 | 100 | 102 |
| **Rookery Community Development District, Florida Special Assessment Bonds, Series 2024** <br>5.000% due 05/01/2044 | 300 | 288 |
| **School Board of Miami-Dade County, Florida General Obligation Bonds, Series 2017** <br>4.000% due 03/15/2042 | 1000 | 980 |
| **Seagrove Community Development District, Florida Special Assessment Bonds, Series 2024** <br>4.875% due 06/15/2044 | 250 | 238 |
| **St Johns County, Florida Industrial Development Authority Revenue Notes, Series 2021**  |  |  |
| 4.000% due 12/15/2029  | 225 | 222 |
| 4.000% due 12/15/2030  | 200 | 197 |
| 4.000% due 12/15/2031  | 210 | 205 |
| **Village Community Development District No. 15, Florida Special Assessment Bonds, Series 2023** <br>4.850% due 05/01/2038 | 495 | 506 |
| **Village Community Development District No. 15, Florida Special Assessment Notes, Series 2024** <br>4.000% due 05/01/2034 | 250 | 251 |
| **Westview South Community Development District, Florida Special Assessment Bonds, Series 2025** <br>6.000% due 05/01/2045 | 1000 | 1030 |
|  |  | 27506 |
| **GEORGIA 0.9%**  |  |  |
| **Atlanta Development Authority, Georgia Revenue Bonds, Series 2024** <br>6.500% due 12/15/2048 (d) | 500 | 439 |
| **Atlanta Development Authority, Georgia Tax Allocation Notes, Series 2024** <br>5.000% due 04/01/2034 | 100 | 102 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2024** <br>5.000% due 12/01/2054 | 550 | 599 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2025** <br>5.000% due 12/01/2055 | 900 | 978 |
|  |  | 2118 |
| **IDAHO 0.3%**  |  |  |
| **Idaho Health Facilities Authority Revenue Bonds, Series 2025** <br>5.000% due 03/01/2060 | 200 | 219 |
| **Spring Valley Community Infrastructure District No 1, Idaho Special Assessment Bonds, Series 2021** <br>3.750% due 09/01/2051 | 430 | 404 |
|  |  | 623 |
| **ILLINOIS 5.2%**  |  |  |
| **Chicago Board of Education, Illinois General Obligation Bonds, Series 2016** <br>7.000% due 12/01/2044 | 200 | 200 |
| **Chicago Board of Education, Illinois General Obligation Bonds, Series 2025** <br>5.750% due 12/01/2050 | 1400 | 1377 |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, Series 2024** <br>5.250% due 01/01/2048 | 1000 | 1039 |
| **Chicago O'Hare International Airport, Illinois Revenue Notes, Series 2024** <br>5.000% due 01/01/2033 | 500 | 554 |
| **Chicago Transit Authority Sales Tax Receipts Fund, Illinois Revenue Bonds, Series 2024** <br>5.000% due 12/01/2049 | 300 | 306 |
| **Chicago, Illinois General Obligation Bonds, Series 2023** <br>5.500% due 01/01/2039 | 300 | 307 |
| **Illinois Finance Authority Revenue Bonds, Series 2017**  |  |  |
| 4.000% due 07/15/2047  | 1975 | 1784 |
| 5.250% due 05/15/2054  | 100 | 74 |
| 5.500% due 05/15/2054  | 400 | 309 |
| **Illinois Finance Authority Revenue Bonds, Series 2018** <br>5.000% due 05/15/2043 | 440 | 444 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Illinois** **Sales Tax State Revenue Bonds, Series 2016** <br>3.000% due 06/15/2034 | 1180 | 1093 |
| **Illinois State General Obligation Bonds, Series 2018** <br>5.000% due 10/01/2033 | 1000 | 1049 |
| **Illinois State General Obligation Bonds, Series 2024**  |  |  |
| 5.000% due 02/01/2036  | 1100 | 1217 |
| 5.000% due 05/01/2037  | 1000 | 1088 |
| **Illinois State General Obligation Notes, Series 2020** <br>5.500% due 05/01/2030 | 850 | 918 |
| **Village of Gilberts, Illinois Special Service Area No 24, Special Tax Bonds, Series 2014** <br>5.375% due 03/01/2034 | 443 | 425 |
|  |  | 12184 |
| **INDIANA 0.9%**  |  |  |
| **Evansville, Indiana Revenue Bonds, Series 2017** <br>5.450% due 01/01/2038 | 500 | 466 |
| **Indiana Finance Authority Revenue Bonds, Series 2024** <br>5.000% due 07/01/2054 | 100 | 99 |
| **Indiana Housing & Community Development Authority Revenue Bonds, Series 2016**  |  |  |
| 5.750% due 01/01/2036  | 175 | 172 |
| 6.250% due 07/01/2056  | 295 | 281 |
| **Indianapolis, Indiana Revenue Bonds, Series 2016** <br>6.250% due 07/01/2056 | 295 | 282 |
| **Mishawaka, Indiana Revenue Bonds, Series 2017** <br>5.375% due 01/01/2038 | 300 | 288 |
| **Valparaiso, Indiana Revenue Bonds, Series 2021** <br>5.375% due 12/01/2041 | 250 | 222 |
| **Valparaiso, Indiana Revenue Bonds, Series 2025** <br>6.250% due 10/01/2050 | 250 | 251 |
|  |  | 2061 |
| **IOWA 1.0%**  |  |  |
| **Iowa Finance Authority Midwestern Disaster Area Revenue Refunding Bonds, (FNMA Insured), Series 2024** <br>4.650% due 07/01/2043 | 2000 | 2012 |
| **Iowa Finance Authority Revenue Bonds, Series 2022** <br>8.000% due 01/01/2042 | 250 | 217 |
|  |  | 2229 |
| **KANSAS 0.4%**  |  |  |
| **Colby, Kansas Revenue Notes, Series 2024** <br>5.500% due 07/01/2026 | 1000 | 1001 |
| **LOUISIANA 0.9%**  |  |  |
| **Louisiana Public Facilities Authority Revenue Bonds, (AGM Insured), Series 2025** <br>4.750% due 07/01/2065 | 1500 | 1462 |
| **Louisiana Public Facilities Authority Revenue Bonds, Series 2020** <br>4.000% due 04/01/2050 | 660 | 583 |
|  |  | 2045 |
| **MAINE 0.4%**  |  |  |
| **Finance Authority of Maine Revenue Bonds, Series 2015** <br>5.000% due 08/01/2035 | 675 | 687 |
| **Finance Authority of Maine Revenue Bonds, Series 2024** <br>4.625% due 12/01/2047 | 250 | 246 |
|  |  | 933 |
| **MARYLAND 0.5%**  |  |  |
| **Maryland Department of Transportation State Revenue Bonds, (AGC/CR Insured), Series 2021** <br>4.000% due 08/01/2051 | 1000 | 875 |
| **Maryland Health & Higher Educational Facilities Authority Revenue Bonds, Series 2025** <br>5.000% due 07/01/2045 | 300 | 329 |
|  |  | 1204 |
| **MASSACHUSETTS 2.5%**  |  |  |
| **Commonwealth of Massachusetts General Obligation Bonds, Series 2020** <br>5.000% due 07/01/2048 | 600 | 618 |
| **Commonwealth of Massachusetts General Obligation Bonds, Series 2025** <br>5.000% due 08/01/2048 | 700 | 739 |
| **Massachusetts Development Finance Agency Revenue Bonds, (AGM Insured), Series 2025** <br>5.000% due 07/01/2050 | 600 | 611 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2013** <br>4.000% due 07/01/2043 | 1750 | 1571 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2016** <br>5.000% due 10/01/2048 | 1000 | 933 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2024** <br>5.000% due 07/01/2044 | 350 | 342 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Massachusetts** **Development Finance Agency Revenue Bonds, Series 2025** <br>6.000% due 07/01/2050 | 1000 | 1068 |
|  |  | 5882 |
| **MICHIGAN 1.3%**  |  |  |
| **Detroit, Michigan General Obligation Bonds, Series 2014** <br>4.000% due 04/01/2044 | 497 | 392 |
| **Detroit, Michigan Sewage Disposal System Revenue Bonds, (AGM Insured), Series 2006** <br>3.650% (TSFR3M) due 07/01/2032 ~ | 1000 | 992 |
| **Michigan State Hospital Finance Authority Revenue Bonds, Series 2025** <br>5.000% due 08/15/2055 | 1500 | 1668 |
|  |  | 3052 |
| **MINNESOTA 1.0%**  |  |  |
| **Minnesota Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>6.500% due 01/01/2055 | 1985 | 2246 |
| **MISSOURI 0.4%**  |  |  |
| **Jefferson County Industrial Development Authority, Missouri Revenue Bonds, (FNMA Insured), Series 2024** <br>4.450% due 02/01/2043 | 996 | 987 |
| **MULTI-STATE 2.2%**  |  |  |
| **Douglas County, Georgia Housing Authority Multifamly Tax-Exempt Bonds, (FNMA Insured), Series 2024** <br>4.375% due 04/01/2043 | 1000 | 990 |
| **FHLMC Multifamily VRD Certificates, Revenue Bonds, Series 2025** <br>4.869% due 01/25/2043 | 2195 | 2273 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2023**  |  |  |
| 4.140% due 01/25/2040  | 489 | 480 |
| 4.553% due 08/25/2040  | 494 | 503 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2024**  |  |  |
| 4.615% due 08/25/2041 ~(f)  | 497 | 506 |
| 4.685% due 10/25/2040  | 495 | 509 |
|  |  | 5261 |
| **NEVADA 0.2%**  |  |  |
| **Las Vegas, Nevada Revenue Bonds, Series 2016** <br>4.375% due 06/15/2035 | 320 | 313 |
| **Reno, Nevada Revenue Bonds, Series 2018** <br>0.000% due 07/01/2058 (c) | 1000 | 157 |
|  |  | 470 |
| **NEW HAMPSHIRE 1.4%**  |  |  |
| **New Hampshire Business Finance Authority Affordable Housing Bonds, (HUD Insured), Series 2024** <br>4.150% due 10/20/2040 | 400 | 390 |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2025**  |  |  |
| 4.168% due 01/20/2041 ~  | 2000 | 1509 |
| 4.216% due 11/20/2042  | 999 | 949 |
| 5.625% due 06/01/2039  | 200 | 201 |
| **New Hampshire Business Finance Authority Revenue Notes, Series 2021** <br>4.000% due 01/01/2030 | 280 | 282 |
|  |  | 3331 |
| **NEW JERSEY 1.2%**  |  |  |
| **New Jersey Economic Development Authority Special Assessment Bonds, Series 2002** <br>5.750% due 04/01/2031 | 1000 | 1010 |
| **New Jersey Housing & Mortgage Finance Agency Revenue Bonds, (FNMA Insured), Series 2025** <br>4.550% due 05/01/2041 | 1000 | 1026 |
| **Passaic County, New Jersey Improvement Authority Revenue Bonds, Series 2025** <br>5.000% due 07/01/2044 | 750 | 750 |
|  |  | 2786 |
| **NEW MEXICO 0.2%**  |  |  |
| **Farmington, New Mexico Revenue Bonds, Series 2005** <br>1.800% due 04/01/2029 | 500 | 473 |
| **NEW YORK 4.9%**  |  |  |
| **Brookhaven Local Development Corp. New York Revenue Bonds, Series 2020** <br>4.000% due 11/01/2055 | 500 | 409 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2023** <br>5.250% due 06/15/2053 | 200 | 211 |
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2024** <br>5.000% due 05/01/2046 | 1000 | 1046 |
| **New York Energy Finance Development Corp. Revenue Bonds, Series 2025** <br>5.000% due 07/01/2056 | 600 | 641 |
| **New York Liberty Development Corp. Revenue Bonds, Series 2014** <br>5.000% due 11/15/2044 | 1000 | 1000 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **New** **York State Dormitory Authority Revenue Bonds, Series 2025** <br>5.000% due 07/01/2036 | 660 | 734 |
| **New York State Thruway Authority Revenue Bonds, Series 2025** <br>5.000% due 03/15/2055 | 1000 | 1037 |
| **New York Transportation Development Corp. Revenue Bonds, (BAM Insured), Series 2024** <br>5.500% due 06/30/2060 | 1000 | 1031 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2020** <br>5.000% due 10/01/2040 | 2000 | 2022 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2025** <br>6.000% due 06/30/2059 | 750 | 795 |
| **Onondaga Civic Development Corp. New York Revenue Bonds, Series 2024** <br>5.375% due 08/01/2054 | 1000 | 830 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2022** <br>5.250% due 08/01/2047 | 1000 | 1039 |
| **Suffolk Tobacco Asset Securitization Corp. New York Revenue Bonds, Series 2021** <br>0.000% due 06/01/2066 (c) | 2000 | 174 |
| **Westchester County, New York Local Development Corp. Revenue Bonds, Series 2025** <br>7.500% due 11/01/2055 (f) | 500 | 535 |
|  |  | 11504 |
| **OHIO 4.6%**  |  |  |
| **Buckeye Tobacco Settlement Financing Authority, Ohio Revenue Bonds, Series 2020**  |  |  |
| 0.000% due 06/01/2057 (c)  | 11300 | 1060 |
| 5.000% due 06/01/2055  | 4700 | 4017 |
| **Cuyahoga County, Ohio Revenue Bonds, Series 2017**  |  |  |
| 5.000% due 02/15/2057  | 1155 | 1051 |
| 5.500% due 02/15/2057  | 510 | 509 |
| **Dayton-Montgomery County, Ohio Port Authority Revenue Bonds, Series 2025** <br>6.625% due 01/01/2045 | 200 | 206 |
| **Lancaster Port Authority, Ohio Revenue Bonds, Series 2024** <br>5.000% due 02/01/2055 | 150 | 161 |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2019** <br>5.000% due 07/01/2049 | 750 | 687 |
| **Ohio Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024** <br>6.250% due 03/01/2055 | 695 | 768 |
| **Ohio Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2025** <br>4.550% due 09/01/2045 | 1000 | 997 |
| **Ohio Housing Finance Agency Revenue Bonds, Series 2024** <br>6.000% due 01/01/2045 | 250 | 246 |
| **Ohio Housing Finance Agency Revenue Bonds, Series 2025**  |  |  |
| 6.250% due 01/01/2045  | 400 | 405 |
| 6.375% due 01/01/2045  | 250 | 255 |
| 6.500% due 01/01/2045  | 200 | 203 |
| **Port of Greater Cincinnati Development Authority, Ohio Revenue Bonds, Series 2025** <br>6.500% due 01/01/2045 | 300 | 307 |
|  |  | 10872 |
| **OREGON 0.3%**  |  |  |
| **Multnomah County School District 40, Oregon General Obligation Bonds, Series 2023** <br>0.000% due 06/15/2038 (c) | 750 | 431 |
| **University of Oregon Revenue Bonds, Series 2020** <br>5.000% due 04/01/2050 | 200 | 203 |
|  |  | 634 |
| **PENNSYLVANIA 3.3%**  |  |  |
| **Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania Revenue Bonds, Series 2022** <br>5.250% due 05/01/2042 | 465 | 475 |
| **Lancaster County Hospital Authority, Pennsylvania Revenue Bonds, Series 2021** <br>5.000% due 11/01/2046 | 1045 | 1053 |
| **Lancaster Municipal Authority, Pennsylvania Revenue Bonds, Series 2024** <br>5.000% due 05/01/2054 | 400 | 387 |
| **Lehigh County, Pennsylvania Revenue Bonds, (AGC/CR Insured), Series 2019** <br>4.000% due 07/01/2049 | 500 | 445 |
| **Montgomery County Industrial Development Authority, Pennsylvania Revenue Bonds, Series 2024** <br>5.000% due 11/01/2044 | 150 | 143 |
| **Montgomery County Industrial Development Authority, Pennsylvania Revenue Notes, Series 2023** <br>4.100% due 06/01/2029 | 500 | 520 |
| **Moon Industrial Development Authority, Pennsylvania Revenue Bonds, Series 2015** <br>6.000% due 07/01/2045 | 1000 | 952 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2022** <br>6.000% due 06/30/2061 | 1000 | 1050 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2025** <br>5.000% due 03/15/2060 | 1000 | 1104 |
| **Pennsylvania Higher Educational Facilities Authority Revenue Bonds, Series 2019** <br>5.000% due 08/15/2049 | 500 | 508 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Pennsylvania** **Housing Finance Agency Revenue Bonds, (FNMA Insured), Series 2025** <br>4.900% due 06/01/2041 | 1000 | 1038 |
|  |  | 7675 |
| **PUERTO RICO 4.7%**  |  |  |
| **Commonwealth of Puerto Rico Bonds, Series 2022**  |  |  |
| 0.000% due 11/01/2043  | 834 | 553 |
| 0.000% due 11/01/2051  | 3379 | 2285 |
| **GDB Debt Recovery Authority of Puerto Rico Revenue Bonds, Series 2018** <br>7.500% due 08/20/2040 | 1311 | 1275 |
| **Puerto Rico Electric Power Authority Revenue Bonds, (AGM Insured), Series 2007** <br>3.571% (0.67\*US0003M + 0.520%) due 07/01/2029 ~ | 735 | 707 |
| **Puerto Rico Electric Power Authority Revenue Bonds, Series 2010** <br>5.250% due 07/01/2040 ^(b) | 1150 | 779 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2018**  |  |  |
| 0.000% due 07/01/2046 (c)  | 1730 | 591 |
| 0.000% due 07/01/2051 (c)  | 17345 | 4363 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2019** <br>4.550% due 07/01/2040 | 500 | 489 |
|  |  | 11042 |
| **RHODE ISLAND 1.0%**  |  |  |
| **Tobacco Settlement Financing Corp. Rhode Island Revenue Bonds, Series 2015**  |  |  |
| 5.000% due 06/01/2040  | 1000 | 1000 |
| 5.000% due 06/01/2050  | 1250 | 1227 |
|  |  | 2227 |
| **SOUTH CAROLINA 1.1%**  |  |  |
| **County of Lancaster, Special Assessment Revenue Bonds, Series 2025** <br>6.000% due 06/01/2045 | 500 | 510 |
| **South Carolina Public Service Authority Revenue Bonds, Series 2024**  |  |  |
| 5.250% due 12/01/2049  | 200 | 209 |
| 5.500% due 12/01/2054  | 625 | 665 |
| **Spartanburg Regional Health Services District, South Carolina Revenue Bonds, Series 2017** <br>5.000% due 04/15/2048 | 1200 | 1208 |
|  |  | 2592 |
| **TENNESSEE 0.5%**  |  |  |
| **Tennessee Housing Development Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2025** <br>6.000% due 01/01/2056 | 1000 | 1108 |
| **TEXAS 12.0%**  |  |  |
| **Arlington Higher Education Finance Corp. Texas Revenue Bonds, (PSF Insured), Series 2025** <br>4.500% due 08/15/2050 | 1000 | 981 |
| **Athens Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025** <br>5.000% due 02/15/2055 | 500 | 516 |
| **Austin Housing Finance Corp. Texas Revenue Bonds, Series 2024** <br>3.400% due 11/01/2042 | 100 | 101 |
| **Brazoria County, Texas Industrial Development Corp. Revenue Bonds, Series 2023** <br>12.000% due 06/01/2043 | 73 | 17 |
| **Calhoun County, Texas Navigation Industrial Development Authority Revenue Notes, Series 2021** <br>3.625% due 07/01/2026 | 250 | 243 |
| **Celina, Texas Special Assessment Bonds, Series 2024** <br>5.500% due 09/01/2054 | 500 | 500 |
| **City of Lavon, Texas, Special Assessment Revenue Bonds, Series 2025** <br>5.750% due 09/15/2045 | 875 | 894 |
| **Club Municipal Management District No 1, Texas Special Assessment Bonds, Series 2024** <br>5.100% due 09/01/2044 | 350 | 343 |
| **Dallas Fort Worth International Airport, Texas Revenue Bonds, Series 2025** <br>5.250% due 11/01/2043 (a) | 1000 | 1057 |
| **Dallas Housing Finance Corp. Texas Revenue Bonds, Series 2022** <br>6.000% due 12/01/2062 | 250 | 229 |
| **Denton County, Texas Special Assessment Bonds, Series 2025** <br>6.125% due 12/31/2055 | 1250 | 1279 |
| **Denton Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2023** <br>5.000% due 08/15/2053 | 500 | 516 |
| **EP Essential Housing WF PFC, Texas Revenue Notes, Series 2024** <br>4.250% due 12/01/2034 | 400 | 405 |
| **Frenship Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025** <br>5.000% due 02/15/2055 | 1000 | 1041 |
| **Grand Parkway Transportation Corp. Texas Revenue Bonds, Series 2018** <br>5.000% due 10/01/2043 | 1000 | 1022 |
| **Houston, Texas Airport System Revenue Bonds, Series 2024** <br>5.500% due 07/15/2036 | 2150 | 2337 |
| **Houston, Texas Airport System Revenue Notes, Series 2024** <br>5.250% due 07/15/2034 | 300 | 321 |
| **Jarrell Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2023** <br>5.000% due 02/15/2053 | 600 | 615 |
| **Leander Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025** <br>5.000% due 08/15/2055 | 2000 | 2080 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Liberty** **Hill Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025** <br>5.000% due 02/01/2055 | 2000 | 2078 |
| **Lower Colorado River Authority, Texas Revenue Bonds, Series 2025** <br>5.000% due 05/15/2050 | 200 | 206 |
| **Manor Housing Public Facility Corp. Texas Revenue Bonds, Series 2024** <br>3.400% due 11/01/2042 | 200 | 202 |
| **Matagorda County, Texas Navigation District No 1, Revenue Bonds, Series 2001** <br>2.600% due 11/01/2029 | 500 | 486 |
| **New Hope Cultural Education Facilities Finance Corp. Texas Revenue Bonds, Series 2016**  |  |  |
| 4.000% due 07/01/2031 ^(b)  | 260 | 203 |
| 4.000% due 07/01/2036 ^  | 915 | 826 |
| 4.250% due 07/01/2036 ^(b)  | 920 | 718 |
| 4.750% due 07/01/2051 ^  | 50 | 39 |
| **New Hope Cultural Education Facilities Finance Corp. Texas Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 11/01/2055  | 500 | 470 |
| 5.000% due 11/01/2060  | 1000 | 926 |
| 5.250% due 08/15/2043  | 500 | 543 |
| **North Texas Municipal Water District Water System Revenue Bonds, Series 2025** <br>5.000% due 09/01/2044 | 2000 | 2122 |
| **Pilot Point, Texas Special Assessment Bonds, Series 2025** <br>6.125% due 09/15/2045 | 680 | 696 |
| **Princeton, Texas Special Assessment Bonds, Series 2025** <br>5.375% due 09/01/2045 | 420 | 420 |
| **Princeton, Texas Special Assessment Notes, Series 2024** <br>4.250% due 09/01/2031 | 261 | 263 |
| **Royse City Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024** <br>5.000% due 02/15/2054 | 200 | 207 |
| **Tarrant County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2020** <br>6.875% due 11/15/2055 | 200 | 179 |
| **Tarrant County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2025**  |  |  |
| 5.000% due 11/15/2049  | 500 | 519 |
| 5.500% due 11/15/2052  | 300 | 323 |
| **Texas Municipal Gas Acquisition & Supply Corp. Revenue Bonds, Series 2006** <br>4.331% (TSFR3M) due 12/15/2026 ~ | 500 | 500 |
| **Texas Water Development Board Revenue Bonds, Series 2024** <br>4.125% due 10/15/2047 | 600 | 570 |
| **Texas Water Development Board Revenue Bonds, Series 2025** <br>4.750% due 10/15/2055 (a) | 1000 | 1008 |
|  |  | 28001 |
| **UTAH 2.4%**  |  |  |
| **Downtown Revitalization Public Infrastructure District, Utah Revenue Bonds, (AGC Insured), Series 2025** <br>5.000% due 06/01/2040 | 1000 | 1094 |
| **Downtown Revitalization Public Infrastructure District, Utah Revenue Notes, Series 2025** <br>5.000% due 07/15/2035 | 1300 | 1308 |
| **Mida Mountain Village Public Infrastructure District, Utah Tax Allocation Bonds, Series 2024**  |  |  |
| 5.500% due 06/15/2039  | 500 | 506 |
| 6.000% due 06/15/2054  | 1000 | 1017 |
| **Salt Lake City, Utah Airport Revenue Bonds, (AGM/CR Insured), Series 2021** <br>4.000% due 07/01/2051 | 1000 | 889 |
| **UIPA Crossroads Public Infrastructure District, Utah Tax Allocation Bonds, Series 2021** <br>4.375% due 06/01/2052 | 1000 | 898 |
|  |  | 5712 |
| **VERMONT 0.1%**  |  |  |
| **Vermont Economic Development Authority Revenue Bonds, Series 2022** <br>4.375% due 06/01/2052 | 250 | 249 |
| **VIRGINIA 0.6%**  |  |  |
| **Farms New Kent Community Development Authority, Virginia Special Assessment Bonds, Series 2021** <br>3.750% due 03/01/2036 | 380 | 366 |
| **Virginia Small Business Financing Authority Revenue Bonds, Series 2024** <br>5.000% due 12/01/2039 | 1000 | 1046 |
|  |  | 1412 |
| **WASHINGTON 1.1%**  |  |  |
| **Snohomish County, Washington Housing Authority Revenue Bonds, Series 2019** <br>4.000% due 04/01/2044 | 1000 | 919 |
| **Washington Health Care Facilities Authority Revenue Notes, Series 2025** <br>5.000% due 10/01/2035 (a) | 700 | 786 |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2024** <br>6.000% due 07/01/2059 | 500 | 502 |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2025**  |  |  |
| 4.078% due 11/20/2041  | 200 | 184 |
| 7.000% due 07/01/2064  | 100 | 103 |
|  |  | 2494 |
| **WEST VIRGINIA 0.4%**  |  |  |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2007** <br>0.000% due 06/01/2047 (c) | 1000 | 94 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE (Cont.) September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **West** **Virginia Economic Development Authority Revenue Bonds, Series 2025** <br>5.450% due 01/01/2055 | 900 | 939 |
|  |  | 1033 |
| **WISCONSIN 2.2%**  |  |  |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2017** <br>6.750% due 08/01/2031 | 1000 | 770 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2021**  |  |  |
| 0.000% due 01/01/2061 (c)  | 1915 | 155 |
| 4.500% due 06/01/2056  | 225 | 164 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2024** <br>5.000% due 12/15/2044 | 290 | 272 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2025**  |  |  |
| 5.250% due 06/15/2045  | 550 | 558 |
| 5.750% due 12/31/2065  | 1800 | 1852 |
| **Public Finance Authority, Wisconsin Revenue Notes, Series 2023** <br>0.000% due 09/01/2029 (c) | 371 | 280 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2018** <br>4.500% due 07/01/2043 | 100 | 85 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2024** <br>5.875% due 07/01/2055 | 300 | 297 |
| **Wisconsin Health & Educational Facilities Authority Revenue Notes, Series 2025** <br>5.625% due 07/01/2035 | 575 | 601 |
|  |  | 5034 |
| Total Municipal Bonds & Notes (Cost $211,671) |  | 215699 |
| **U.S. GOVERNMENT AGENCIES 2.9%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 3.720% due 01/01/2041 | 984 | 916 |
| 3.800% due 01/01/2040 | 985 | 928 |
| 3.850% due 07/01/2039 - 01/01/2040 | 1488 | 1407 |
| 4.250% due 08/01/2038 | 990 | 985 |
| 4.370% due 03/01/2040 | 491 | 491 |
| 4.900% due 02/01/2040 | 494 | 518 |
| 5.210% due 08/01/2040 | 296 | 320 |
| **Federal Home Loan Mortgage Corp. Multifamily ML Certificates**  |  |  |
| 3.084% due 04/25/2043 ~ | 197 | 172 |
| 3.260% due 01/25/2039 ~ | 700 | 469 |
| 3.541% due 01/25/2043 ~ | 300 | 202 |
| 5.469% due 01/25/2042 ~ | 300 | 247 |
| **Federal Home Loan Mortgage Corp. Multifamily Variable Rate Certificate**<br>4.955% due 07/15/2040 •  | 244 | 250 |
| Total U.S. Government Agencies (Cost $6,793) |  | 6905 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **MUTUAL FUNDS 0.1%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 4.200%(e) | 208396 | 208 |
| Total Short-Term Instruments (Cost $208) |  | 208 |
| Total Investments in Securities (Cost $221,821) |  | 225965 |
| **INVESTMENTS IN AFFILIATES 3.0%**  |  |  |
| **SHORT-TERM INSTRUMENTS 3.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 3.0%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 721850 | 7030 |
| Total Short-Term Instruments (Cost $7,027) |  | 7030 |
| Total Investments in Affiliates (Cost $7,027) |  | 7030 |
| Total Investments 99.7% (Cost $228,848) |  | $232995 |
| Other Assets and Liabilities, net 0.3% |  | 713 |
| Net Assets 100.0% |  | $233708 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(c)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(d)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(e)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(f)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Coupon | Coupon | Maturity<br>Date | Acquisition<br>Date | Cost | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2024 | 4.615 | % | 08/25/2041 | 03/19/2024 | 501 | 506 | 0.22% |
| Gladieux Metals Recycling LLC | 14.107 |  | 10/19/2025 | 08/20/2025 - 09/30/2025 | 113 | 85 | 0.04 |
| Westchester County, New York Local Development Corp. Revenue Bonds, Series 2025 | 7.500 |  | 11/01/2055 | 08/25/2025 | 500 | 535 | 0.23 |
|  |  |  |  |  | 1114 | 1126 | 0.48%  |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Portfolio's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 3 | Fair Value<br>at 09/30/2025 | Fair Value<br>at 09/30/2025 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | $ | $0 | $0 | $2282 | $2282 | 2282 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance |  | 0 | 0 | 151 | 151 | 151 |
| Industrials | Industrials |  | 0 | 720 | 0 | 720 | 720 |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| Alabama | Alabama |  | 0 | 12962 | 0 | 12962 | 12962 |
| Arizona | Arizona |  | 0 | 1781 | 0 | 1781 | 1781 |
| Arkansas | Arkansas |  | 0 | 1887 | 0 | 1887 | 1887 |
| California | California |  | 0 | 16360 | 0 | 16360 | 16360 |
| Colorado | Colorado |  | 0 | 12610 | 0 | 12610 | 12610 |
| Delaware | Delaware |  | 0 | 1492 | 0 | 1492 | 1492 |
| District of Columbia | District of Columbia |  | 0 | 626 | 0 | 626 | 626 |
| Florida | Florida |  | 0 | 27506 | 0 | 27506 | 27506 |
| Georgia | Georgia |  | 0 | 2118 | 0 | 2118 | 2118 |
| Idaho | Idaho |  | 0 | 623 | 0 | 623 | 623 |
| Illinois | Illinois |  | 0 | 12184 | 0 | 12184 | 12184 |
| Indiana | Indiana |  | 0 | 2061 | 0 | 2061 | 2061 |
| Iowa | Iowa |  | 0 | 2229 | 0 | 2229 | 2229 |
| Kansas | Kansas |  | 0 | 1001 | 0 | 1001 | 1001 |
| Louisiana | Louisiana |  | 0 | 2045 | 0 | 2045 | 2045 |
| Maine | Maine |  | 0 | 933 | 0 | 933 | 933 |
| Maryland | Maryland |  | 0 | 1204 | 0 | 1204 | 1204 |
| Massachusetts | Massachusetts |  | 0 | 5882 | 0 | 5882 | 5882 |
| Michigan | Michigan |  | 0 | 3052 | 0 | 3052 | 3052 |
| Minnesota | Minnesota |  | 0 | 2246 | 0 | 2246 | 2246 |
| Missouri | Missouri |  | 0 | 987 | 0 | 987 | 987 |
| Multi-State | Multi-State |  | 0 | 5261 | 0 | 5261 | 5261 |
| Nevada | Nevada |  | 0 | 470 | 0 | 470 | 470 |
| New Hampshire | New Hampshire |  | 0 | 3331 | 0 | 3331 | 3331 |
| New Jersey | New Jersey |  | 0 | 2786 | 0 | 2786 | 2786 |
| New Mexico | New Mexico |  | 0 | 473 | 0 | 473 | 473 |
| New York | New York |  | 0 | 11504 | 0 | 11504 | 11504 |
| Ohio | Ohio |  | 0 | 10872 | 0 | 10872 | 10872 |
| Oregon | Oregon |  | 0 | 634 | 0 | 634 | 634 |
| Pennsylvania | Pennsylvania |  | 0 | 7675 | 0 | 7675 | 7675 |
| Puerto Rico | Puerto Rico |  | 0 | 11042 | 0 | 11042 | 11042 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE (Cont.) September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Rhode Island | Rhode Island | Rhode Island | Rhode Island | Rhode Island | 0 | 0 | 0 | 2227 | 2227 | 0 | 0 |  |  | 2227 |  |  |
|  | South Carolina | South Carolina | South Carolina | South Carolina | South Carolina | 0 | 0 | 0 | 2592 | 2592 | 0 | 0 |  |  | 2592 |  |  |
|  | Tennessee | Tennessee | Tennessee | Tennessee | Tennessee | 0 | 0 | 0 | 1108 | 1108 | 0 | 0 |  |  | 1108 |  |  |
|  | Texas | Texas | Texas | Texas | Texas | 0 | 0 | 0 | 28001 | 28001 | 0 | 0 |  |  | 28001 |  |  |
|  | Utah | Utah | Utah | Utah | Utah | 0 | 0 | 0 | 5712 | 5712 | 0 | 0 |  |  | 5712 |  |  |
|  | Vermont | Vermont | Vermont | Vermont | Vermont | 0 | 0 | 0 | 249 | 249 | 0 | 0 |  |  | 249 |  |  |
|  | Virginia | Virginia | Virginia | Virginia | Virginia | 0 | 0 | 0 | 1412 | 1412 | 0 | 0 |  |  | 1412 |  |  |
|  | Washington | Washington | Washington | Washington | Washington | 0 | 0 | 0 | 2494 | 2494 | 0 | 0 |  |  | 2494 |  |  |
|  | West Virginia | West Virginia | West Virginia | West Virginia | West Virginia | 0 | 0 | 0 | 1033 | 1033 | 0 | 0 |  |  | 1033 |  |  |
|  | Wisconsin | Wisconsin | Wisconsin | Wisconsin | Wisconsin | 0 | 0 | 0 | 5034 | 5034 | 0 | 0 |  |  | 5034 |  |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 6905 | 6905 | 0 | 0 |  |  | 6905 |  |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |  |
|  | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 208 | 208 | 0 | 0 |  |  | 208 |  |  |
|  |  |  |  |  |  | $0 | 0 | 0 | $223532 | 223532 | $2433 | 2433 | $ | $ | 225965 |  |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |  |
|  | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $7030 | 7030 | 7030 | $0 | 0 | $0 | 0 | $ | $ | 7030 |  |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $7030 | 7030 | 7030 | $223532 | 223532 | $2433 | 2433 | $ | $ | 232995 |  |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended September 30, 2025:** |
| Category and Subcategory | Category and Subcategory | Beginning<br>Balance<br>at 12/31/2024 | Net<br>Purchases | Net<br>Sales/Settlements | Net<br>Sales/Settlements | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 09/30/2025 | Ending<br>Balance<br>at 09/30/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>09/30/2025<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>09/30/2025<sup>(1)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | $0 | 2253 | $ | $0 | 0 | $0 | $ | 29 | $0 | 0 | $0 | 0 | $ | 2282 | $ | 29 |
| Corporate Bonds & Notes | Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | Banking & Finance | 200 | 0 |  | 0 | 0 | 0 |  | (49) | 0 | 0 | 0 | 0 |  | 151 |  | (49) |
| U.S. Government Agencies | U.S. Government Agencies | 241 | 0 |  | 0 | 1 | 0 |  | 5 | 0 | 0 | (247) | (247) |  | 0 |  | 0 |
| Totals | Totals | $441 | 2253 | $ | $0 | 1 | $0 | $ | (15) | $0 | 0 | $(247) | (247) | $ | 2433 | $ | (20) |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 09/30/2025 | Ending<br>Balance<br>at 09/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $2197 | 2197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp; Discount Rate | 6.510 - 8.090 | 6.510 - 8.090 | 6.510 - 8.090 | 6.894 | 6.894 |
|  |  |  | 85 | 85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 | 100.000 |  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | 151 | 151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp; Discount Rate | 22.288 | 22.288 | 22.288 |  |  |
| Total | Total | Total | $2433 | 2433 |  |  |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at September 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

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------

Notes to Financial Statements

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

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

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

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

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

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

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

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

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

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

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

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Notes to Financial Statements (Cont.)

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

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

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

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for each respective Portfolio.

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

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

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

Common stocks, ETFs, exchange-traded notes and financial derivative instruments, such as futures contracts, rights and warrants, or options on futures that are traded on a national securities exchange, are stated at the last reported sale or settlement price on the day of valuation. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized as Level 1 of the fair value hierarchy. Investments valued (denominated) in currencies other than the U.S. dollar are converted to the U.S. dollar using exchange rates (currency spot and forward rates) obtained from Pricing Sources. As a result, the NAV of a Portfolio's shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Trust is not open for business.

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

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

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

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

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

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

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

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

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Notes to Financial Statements (Cont.)

value hierarchy.<br>Proxy pricing procedures set the base price of a fixed income security and subsequently adjust the price proportionally to market value changes of a pre-determined security deemed to be comparable in duration, generally a U.S. Treasury or sovereign note based on country of issuance. The base price may be a broker-dealer quote, transaction price, or an internal value as derived by analysis of market data. The base price of the security may be reset on a periodic basis based on the availability of market data and procedures approved by the Valuation Oversight Committee. Significant changes in the unobservable inputs of the proxy pricing process (the base price) would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.<br>The Discounted Cash Flow model is based on future cash flows generated by the investment and may be normalized based on expected investment performance. Future cash flows are discounted to present value using an appropriate rate of return, typically calibrated to the initial transaction date and adjusted based on Capital Asset Pricing Model and/or other market-based inputs. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.<br>

Securities may be valued based on purchase prices of privately negotiated transactions. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

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

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

**2. FEDERAL INCOME TAX MATTERS**

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

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

In accordance with U.S. GAAP, the Adviser has reviewed the Portfolios' tax positions for all open tax years. As of September 30, 2025, the Portfolios have recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in future tax returns.

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

**3. INVESTMENTS IN AFFILIATES**

Each Portfolio may invest in the PIMCO Short Asset Portfolio and the PIMCO Short-Term Floating NAV Portfolio III ("Central Funds") to the extent permitted by the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolios. A copy of each affiliate fund's shareholder report is available at the U.S Securities and Exchange Commission ("SEC") website at www.sec.gov, on the Portfolios' website at www.pimco.com, or upon request, as applicable. The tables below show the Portfolios' transactions in and earnings from these affiliated funds for the period ended September 30, 2025 (amounts in thousands<sup>†</sup>):

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

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Name** | **Market Value<br>12/31/2024** | **Purchases at<br>Cost** | **Proceeds from<br>Sales** | **Net<br>Realized<br>Gain (Loss)** | **Change in<br>Unrealized<br>Appreciation<br>(Depreciation)** | **Market Value<br>09/30/2025** | **Dividend<br>Income**<sup>(1)</sup> | **Realized Net<br>Capital<br>Gain<br>Distributions**<sup>(1)</sup> |
| PIMCO Fixed Income SHares: Series C | $2733 | $556994 | $(479500) | $27 | $5 | $80259 | $488 | $0 |
| PIMCO Fixed Income SHares: Series LD | 1480 | 45090 | (46565) | 2 | 0 | 7 | 91 | 0 |
| PIMCO Fixed Income SHares: Series M | 3366 | 566541 | (433200) | 7 | 35 | 136749 | 1425 | 0 |
| PIMCO Fixed Income SHares: Series TE | 9818 | 130508 | (133300) | 6 | (2) | 7030 | 410 | 0 |

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

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Notes to Financial Statements (Cont.)

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio** **Name** | **Market Value<br>12/31/2024** | **Purchases at<br>Cost** | **Proceeds from<br>Sales** | **Net<br>Realized<br>Gain (Loss)** | **Change in<br>Unrealized<br>Appreciation<br>(Depreciation)** | **Market Value<br>09/30/2025** | **Dividend<br>Income**<sup>(1)</sup> | **Realized Net<br>Capital<br>Gain<br>Distributions**<sup>(1)</sup> |
| PIMCO Fixed Income SHares: Series LD | $0 | $2217 | $0 | $0 | $2 | $2219 | $17 | $0 |

---

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

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

------

---

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

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PIMCO Managed Accounts Trust

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

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

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

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

  - **Street Address 1:** 1633 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

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

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

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

- **b. EDGAR series identifier (if any):** S000004805

- **c. LEI of Series:** ERY81DFZGNQ1I1V32G12

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $363477402.99

**Total Liabilities:** $197866611.43

**Net Assets:** $165610791.56

**Delayed Delivery Securities:** $1800000.00

**Cash Not Reported:** $2817425.93

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 12345.512600 | **1-Year:** 5876.510700 | **5-Year:** 24237.459800 | **10-Year:** 11655.646000 | **30-Year:** -7747.067800

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

- **3-Month:** 0.000000 | **1-Year:** 160.729600 | **5-Year:** 414.055300 | **10-Year:** 5.984700 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013021 | 0.17%                | 2.73%                | 0.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-116485.54              | $-1627929.50                               |
| Month 2  | $-326404.45              | $4235417.22                                |
| Month 3  | $321352.58               | $123253.06                                 |

**Designated Index Information**

- **Index Name:** ICE BofA 7-10 Year US Inflation-Linked Treasury Index

- **Index Identifier:** G4QI

### Schedule of Portfolio Investments

| Name                                                       | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                        | SOLD DKK BOUGHT USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | DK        |         1 | NC      | $-7156.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | EURO-BOBL FUTURE  DEC25 XEUR 20251208                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | DE        |       -34 | NC      | $-1458.12     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 02/47 0.875                             | CUSIP: 912810RW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1130779 | PA      | $835898.84    | 0.50%             | 2047-02-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 02/50 0.25                              | CUSIP: 912810SM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2575764 | PA      | $1525497.61   | 0.92%             | 2050-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| REALKREDIT DANMARK A/S                                     | REALKREDIT DANMARK COVERED REGS 10/53 1                 | CUSIP: BL63VKII4<br>LEI: 549300NLOMBOWE943Y30 | Long             | DBT              | CORP              | DK        |         2 | PA      | $0.24         | 0.00%             | 2053-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SGX IRON ORE 62   NOV25 XSIM 20251128                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | SG        |         5 | NC      | $141.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251119                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-119.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT GBP SOLD USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-2088.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | RFR USD SOFR/4.75750 01/18/24-2Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-22445.18    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD EUR BOUGHT USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-20485.74    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD CNH BOUGHT USD 20251016                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |         1 | NC      | $768.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD KRW BOUGHT USD 20251022                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |         1 | NC      | $4172.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NORDEA KREDIT REALKREDITAKTIESELSKAB                       | NORDEA KREDIT REALKREDIT COVERED 144A REGS 10/53 2      | CUSIP: ACI22CN07<br>LEI: 52990080NNXXLC14OC65 | Long             | DBT              | CORP              | DK        |    499158 | PA      | $66070.80     | 0.04%             | 2053-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD JPY BOUGHT USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $-6463.81     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | EURO-BUXL 30Y BND DEC25 XEUR 20251208                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | DE        |        -2 | NC      | $-6107.27     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | BOUGHT TWD SOLD USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $385.67       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD INR BOUGHT USD 20251006                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $255.85       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                       | FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE               | CUSIP: 01F0426B4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4900000 | PA      | $4750963.61   | 2.87%             | 2055-11-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD BRL BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-13143.85    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $3661.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 2.421 05/15/22-30Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $1721.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | RFR JPY MUT+5.89/0.3000 09/20/17-10Y LCH                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |         1 | NC      | $16260.76     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CANADA GOVT                                                | CANADIAN GOVERNMENT RRB BONDS 12/26 4.25                | CUSIP: 135087VS0<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |   1126434 | PA      | $843754.16    | 0.51%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 10/27 1.625                             | CUSIP: 91282CFR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7088120 | PA      | $7203246.88   | 4.35%             | 2027-10-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| FRANCE GOVT                                                | FRANCE (GOVT OF) BONDS 144A REGS 03/26 0.1              | CUSIP: ACI1N4959<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |   2811037 | PA      | $3288088.74   | 1.99%             | 2026-03-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| JYSKE REALKREDIT A/S                                       | JYSKE REALKREDIT A/S COVERED REGS 10/50 1               | CUSIP: ACI1CPNN9<br>LEI: 529900R9HQNZRT2OXB26 | Long             | DBT              | CORP              | DK        |         2 | PA      | $0.20         | 0.00%             | 2050-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| SAXON ASSET SECURITIES TRUST 2005-1                        | SAXON ASSET SECURITIES TRUST SAST 2005 1 M2             | CUSIP: 805564RN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     18707 | PA      | $18212.52     | 0.01%             | 2035-05-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 07/28 0.75                              | CUSIP: 912828Y38<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    900823 | PA      | $896842.64    | 0.54%             | 2028-07-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT IDR SOLD USD 20251008                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $571.54       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT SEK SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SE        |         1 | NC      | $2734.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD INR BOUGHT USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $21.42        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD INR BOUGHT USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-28.84       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD AUD BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $-53457.17    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| TIKEHAU CLO V BV 5A                                        | TIKEHAU TIKEH 5A AR 144A                                | CUSIP: ACI2YQ816<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    500000 | PA      | $586443.06    | 0.35%             | 2038-10-15      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT ILS SOLD USD 20251113                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $470.83       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | EURO-OAT FUTURE   DEC25 XEUR 20251208                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | DE        |      -107 | NC      | $-121491.07   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | BOUGHT ZAR SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $11.65        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $-141.38      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA HOME EQUITY LOAN INC 2005-FM1                       | NOMURA HOME EQUITY LOAN INC NHELI 2005 FM1 M3           | CUSIP: 65536HAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    727628 | PA      | $726195.57    | 0.44%             | 2035-05-25      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                      | FED HM LN PC POOL SD8447 FR 07/54 FIXED 6               | CUSIP: 3132DWL43<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     87052 | PA      | $89062.76     | 0.05%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 02/40 2.125                             | CUSIP: 912810QF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1733678 | PA      | $1748522.48   | 1.06%             | 2040-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 02/42 0.75                              | CUSIP: 912810QV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4560392 | PA      | $3620005.05   | 2.19%             | 2042-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 07/34 1.875                             | CUSIP: 91282CLE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13280163 | PA      | $13478588.16  | 8.14%             | 2034-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| JYSKE REALKREDIT A/S                                       | JYSKE REALKREDIT A/S COVERED 10/53 1.5                  | CUSIP: ACI1W77N5<br>LEI: 529900R9HQNZRT2OXB26 | Long             | DBT              | CORP              | DK        |   1874423 | PA      | $232850.55    | 0.14%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 07/35 1.875                             | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3923478 | PA      | $3956477.75   | 2.39%             | 2035-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| ROCKFORD TOWER CLO 2021-2 LTD                              | ROCKFORD TOWER CLO LTD ROCKT 2021 2A A1R 144A           | CUSIP: 77341LAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1600105.23   | 0.97%             | 2034-07-20      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD AUD BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $-1705.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 02/46 1                                 | CUSIP: 912810RR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6121307 | PA      | $4724980.40   | 2.85%             | 2046-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 01/34 1.75                              | CUSIP: 91282CJY8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9142656 | PA      | $9189153.54   | 5.55%             | 2034-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| REALKREDIT DANMARK A/S                                     | REALKREDIT DANMARK COVERED REGS 10/50 1.5               | CUSIP: BH3VWMII9<br>LEI: 549300NLOMBOWE943Y30 | Long             | DBT              | CORP              | DK        |         2 | PA      | $0.23         | 0.00%             | 2050-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $8193.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | J P MORGAN TERM REPO                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               |  | US        |   3100000 | PA      | $3100000.00   | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP GB NI 3.365 09/15/25-2Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |         1 | NC      | $-1241.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AGL CLO 14 LTD 2021-14A                                    | AGL CLO 14, LTD. AGL 2021 14A AR 144A                   | CUSIP: 00851WAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1601502.48   | 0.97%             | 2034-12-02      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $7279.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                       | FNMA POOL 806506 FN 10/44 FLOATING VAR                  | CUSIP: 31406DAF3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1025 | PA      | $1037.83      | 0.00%             | 2044-10-01      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD KRW BOUGHT USD 20251022                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |         1 | NC      | $2600.71      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP GB NI 3.5 08/15/24-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |         1 | NC      | $28443.08     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD MXN BOUGHT USD 20251217                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |         1 | NC      | $-1932.81     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD ZAR BOUGHT USD 20251120                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $-1200.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 01/30 0.125                             | CUSIP: 912828Z37<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9705402 | PA      | $9268854.68   | 5.60%             | 2030-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | MILL WHEAT EURO   DEC25 XPAR 20251210                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | FR        |        -4 | NC      | $4203.45      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SOLD ILS BOUGHT USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $-1561.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD NZD BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |         1 | NC      | $2405.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | COTTON NO.2 FUTR  DEC25 IFUS 20251208                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -1 | NC      | $1405.58      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FREDDIE MAC REMICS 5564                                    | FREDDIE MAC FHR 5564 PF                                 | CUSIP: 3137HMDP2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1788391 | PA      | $1798189.80   | 1.09%             | 2055-08-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 02/52 0.125                             | CUSIP: 912810TE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3017092 | PA      | $1637085.07   | 0.99%             | 2052-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT ZAR SOLD USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $3630.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT NZD SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |         1 | NC      | $995.70       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | IRS EUR 0.19000 11/04/22-30Y LCH                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $614171.33    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 02/45 0.75                              | CUSIP: 912810RL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2565247 | PA      | $1914794.24   | 1.16%             | 2045-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-4083.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | RFR USD SOFR/3.50000 06/20/24-30Y CME                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $159339.40    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT A/S                                    | NYKREDIT REALKREDIT AS COVERED REGS 10/52 1.5           | CUSIP: ACI1NN643<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |         1 | PA      | $0.15         | 0.00%             | 2052-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 02/54 2.125                             | CUSIP: 912810TY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3368160 | PA      | $3112414.43   | 1.88%             | 2054-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE CLO LTD 2015-1A                              | PALMER SQUARE CLO LTD PLMRS 2015 1A A1A5 144A           | CUSIP: 69689ABU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1601710.74   | 0.97%             | 2034-05-21      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $4017.94      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT TWD SOLD USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $-147.54      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 02/55 2.375                             | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    511855 | PA      | $500235.18    | 0.30%             | 2055-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD JPY BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $1965.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT IDR SOLD USD 20251006                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $116.91       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD CAD BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $72.31        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2023-H22          | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 H22 FB          | CUSIP: 38383KEF5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1927119 | PA      | $1942032.95   | 1.17%             | 2073-09-20      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| REALKREDIT DANMARK A/S                                     | REALKREDIT DANMARK COVERED REGS 10/53 2                 | CUSIP: ACI1Z07K3<br>LEI: 549300NLOMBOWE943Y30 | Long             | DBT              | CORP              | DK        |    330078 | PA      | $39546.24     | 0.02%             | 2053-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | 3175RWRC3 INF CAP FWD EU JUN35 3 CALL                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | DE        |  -1200000 | NC      | $-14033.26    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT GBP SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-1872.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ACRES COMMERCIAL REALTY LTD 2025-FL3                       | ACRES PLC ACRES 2025 FL3 A 144A                         | CUSIP: 00501DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    600000 | PA      | $602016.96    | 0.36%             | 2040-08-18      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD CNH BOUGHT USD 20251016                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |         1 | NC      | $1865.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET SEC CORP 2007-WF2                         | STRUCTURED ASSET SECURITIES CO SASC 2007 WF2 A1         | CUSIP: 86364LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       713 | PA      | $712.45       | 0.00%             | 2037-08-25      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT THB SOLD USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |         1 | NC      | $57.28        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2023-H27          | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 H27 FA          | CUSIP: 38383KHN5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1188718 | PA      | $1195242.44   | 0.72%             | 2073-11-20      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT BRL SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $5054.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SGX IRON ORE 62   JAN26 XSIM 20260130                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | SG        |         5 | NC      | $-1123.20     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NORDEA KREDIT REALKREDITAKTIESELSKAB                       | NORDEA KREDIT REALKREDIT COVERED 10/47 2.5              | CUSIP: ACI0CR3W9<br>LEI: 52990080NNXXLC14OC65 | Long             | DBT              | CORP              | DK        |       110 | PA      | $16.22        | 0.00%             | 2047-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT PLN SOLD USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |         1 | NC      | $-57.73       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD ZAR BOUGHT USD 20251120                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $-1028.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 2.2147 10/10/24-1Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $66277.69     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $2357.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD GBP BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-1395.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT JPY SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $24375.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ARCAN-2A                                                   | ARCANO EURO CLO ARCAN 2A A 144A                         | CUSIP: ACI2YDJX3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   1700000 | PA      | $2002194.52   | 1.21%             | 2039-07-25      | Floating      | 3.22%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | US 5YR NOTE (CBT) DEC25 XCBT 20251231                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |        94 | NC      | $-3265.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 2.58 03/15/22-30Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $14434.79     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $-409.26      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD CNH BOUGHT USD 20251016                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |         1 | NC      | $538.38       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT ILS SOLD USD 20251113                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $341.99       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD THB BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |         1 | NC      | $114.68       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ITALY GOVT                                                 | BUONI POLIENNALI DEL TES SR UNSECURED 144A REGS 05/30 0 | CUSIP: BK5MSXII1<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    248228 | PA      | $283680.16    | 0.17%             | 2030-05-15      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD SGD BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |         1 | NC      | $2655.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT KRW SOLD USD 20251022                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |         1 | NC      | $-1851.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | KC HRW WHEAT FUT  DEC25 XCBT 20251212                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -2 | NC      | $2279.45      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $4260.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 1.9975 07/25/19-10Y LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-204858.06   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251006                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $912.28       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NORDEA KREDIT REALKREDITAKTIESELSKAB                       | NORDEA KREDIT REALKREDIT COVERED REGS 10/50 1           | CUSIP: BK99HJII9<br>LEI: 52990080NNXXLC14OC65 | Long             | DBT              | CORP              | DK        |         1 | PA      | $0.15         | 0.00%             | 2050-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251006                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $545.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT BRL SOLD USD 20251202                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $12190.08     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD THB BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |         1 | NC      | $247.76       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 2.034 09/15/24-10Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $-12253.58    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT A/S                                    | NYKREDIT REALKREDIT AS COVERED REGS 10/53 1             | CUSIP: ACI1N7309<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |         2 | PA      | $0.20         | 0.00%             | 2053-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 2.7 04/15/23-30Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $113341.62    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | NY HARB ULSD FUT  MAR26 XNYM 20260227                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         1 | NC      | $789.51       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | US 10YR ULTRA FUT DEC25 XCBT 20251219                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |        -4 | NC      | $-3768.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD AUD BOUGHT USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $-5384.09     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT JPY SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $10441.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | US 10YR NOTE (CBT)DEC25 XCBT 20251219                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |        88 | NC      | $46637.50     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AVOCA STATIC CLO I DAC 1A                                  | AVOCA STATIC CLO AVOST 1A AR 144A                       | CUSIP: ACI2S1S08<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    893093 | PA      | $1047551.44   | 0.63%             | 2035-01-15      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 2.72 06/15/22-10Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $-75883.31    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | RFR USD SOFR/4.25000 12/20/23-2Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $17189.52     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT AUD SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $5384.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251006                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $217.49       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD SGD BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |         1 | NC      | $3104.44      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 01/27 0.375                             | CUSIP: 912828V49<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    401184 | PA      | $398148.68    | 0.24%             | 2027-01-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT IDR SOLD USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $-2298.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT EUR SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $20644.27     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 07/31 0.125                             | CUSIP: 91282CCM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10449518 | PA      | $9761730.15   | 5.89%             | 2031-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT IDR SOLD USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $-4388.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 04/28 3.625                             | CUSIP: 912810FD5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2616371 | PA      | $2784372.22   | 1.68%             | 2028-04-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | US ULTRA BOND CBT DEC25 XCBT 20251219                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       168 | NC      | $426411.22    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT SGD SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |         1 | NC      | $1381.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251008                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $107.61       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2023-H24          | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 H24 FA          | CUSIP: 38383KGP1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3411455 | PA      | $3437267.52   | 2.08%             | 2073-10-20      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 04/32 3.375                             | CUSIP: 912810FQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    464074 | PA      | $519637.17    | 0.31%             | 2032-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 3.0 05/15/22-5Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $19678.70     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD KRW BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |         1 | NC      | $705.37       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS 2006-QO6                        | RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QO6 A1         | CUSIP: 75114NAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    198059 | PA      | $41587.74     | 0.03%             | 2046-06-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | IRS EUR 2.74000 09/10/25-10Y LCH                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $-12307.66    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $7702.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | RFRF USD SOFR/2.23650 11/21/23-30Y LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $1023882.43   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | US 2YR NOTE (CBT) DEC25 XCBT 20251231                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      -261 | NC      | $-57297.61    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | LOW SU GASOIL G   MAR26 IFEU 20260312                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |         1 | NC      | $2289.43      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 02/49 1                                 | CUSIP: 912810SG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3504583 | PA      | $2588607.66   | 1.56%             | 2049-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 2.965 05/15/22-5Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $4384.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2023-H27          | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 H27 FD          | CUSIP: 38383KHV7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1647708 | PA      | $1673023.36   | 1.01%             | 2073-11-20      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 07/29 0.25                              | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11998433 | PA      | $11642976.53  | 7.03%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $-203.37      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | IRS EUR 3.00000 03/18/26-30Y LCH                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $-49820.29    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 2.6 05/15/22-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $-57.49       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT ILS SOLD USD 20251113                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $2211.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $-4.14        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REALKREDIT DANMARK A/S                                     | REALKREDIT DANMARK COVERED REGS 10/53 1.5               | CUSIP: ACI1WVDP0<br>LEI: 549300NLOMBOWE943Y30 | Long             | DBT              | CORP              | DK        |         2 | PA      | $0.22         | 0.00%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 07/33 1.375                             | CUSIP: 91282CHP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14039916 | PA      | $13828933.97  | 8.35%             | 2033-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT TWD SOLD USD 20251007                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $58.39        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20260122                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $456.06       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CMLTI 2005-HE4                                             | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 HE4 M3         | CUSIP: 17307GP85<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $467166.15    | 0.28%             | 2035-10-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 01/29 0.875                             | CUSIP: 9128285W6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4861416 | PA      | $4825582.41   | 2.91%             | 2029-01-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 2.37 06/06/18-10Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-255680.54   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT IDR SOLD USD 20251217                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $1557.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT A/S                                    | NYKREDIT REALKREDIT AS COVERED REGS 10/53 1             | CUSIP: ACI1N9610<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |       252 | PA      | $29.49        | 0.00%             | 2053-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251008                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $3255.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING CORP 2006-J                        | BANC OF AMERICA FUNDING CORPOR BAFC 2006 J 2A1          | CUSIP: 05951EAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    264647 | PA      | $228580.55    | 0.14%             | 2047-01-20      | Variable      | 4.52%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD JPY BOUGHT USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $-24604.73    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MAN EURO CLO 2023-1 DAC 23-1A                              | MAN EURO CLO MECLO 2023 1A A 144A                       | CUSIP: ACI2KHWL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   1800000 | PA      | $2116461.13   | 1.28%             | 2036-10-15      | Floating      | 3.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | 317U80OA6 PIMCO FPPSWAPTION 2.5 PUT EUR                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |  -3000000 | NC      | $-11278.28    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TR 2006-AMC1                       | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2006 AMC1 A1 144A   | CUSIP: 17309PAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    157362 | PA      | $153476.58    | 0.09%             | 2036-09-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251008                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $676.55       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT BRL SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $14909.43     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | LME ZINC FUTURE   JAN26 XLME 20260119                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |         1 | NC      | $2610.11      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 07/27 0.375                             | CUSIP: 9128282L3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10617222 | PA      | $10547125.19  | 6.37%             | 2027-07-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| GSR MORTGAGE LOAN TRUST 2005-AR6                           | GSR MORTGAGE LOAN TRUST GSR 2005 AR6 2A1                | CUSIP: 362341RX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4887 | PA      | $4713.23      | 0.00%             | 2035-09-25      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT A/S                                    | NYKREDIT REALKREDIT AS COVERED REGS 10/53 1.5           | CUSIP: ACI1X30Y6<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |     99575 | PA      | $10643.67     | 0.01%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BRENT CRUDE FUTR  JUN26 IFEU 20260430                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |         1 | NC      | $-1805.33     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $7425.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD ZAR BOUGHT USD 20251120                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $-1228.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | RFR USD SOFR/2.86500 02/13/24-30Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $1362340.00   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD CHF BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |         1 | NC      | $-87.15       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | RFR USD SOFR/3.30000 12/01/25-4Y* LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $6269.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 02/48 1                                 | CUSIP: 912810SB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1684609 | PA      | $1263668.73   | 0.76%             | 2048-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                      | FED HM LN PC POOL SD8475 FR 11/54 FIXED 5.5             | CUSIP: 3132DWMY6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4898797 | PA      | $4945279.77   | 2.99%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 2.69 06/01/21-5Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $61291.65     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT DKK SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | DK        |         1 | NC      | $7143.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 1.8825 11/20/19-10Y LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-86122.57    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $8131.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 2.165 04/16/19-10Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-288281.07   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD INR BOUGHT USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $152.82       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 2.208 10/07/24-1Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-83019.41    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD CAD BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $24064.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 2.341 11/07/24-1Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-29977.42    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251007                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $-435.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                 | JAPAN GOVT CPI LINKED BONDS 03/29 0.1                   | CUSIP: ACI1BXN03<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        | 798217500 | PA      | $5510904.20   | 3.33%             | 2029-03-10      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| SYMPHONY CLO XXXII LTD                                     | SYMPHONY CLO LTD SYMP 2022 32A AR 144A                  | CUSIP: 87168NAU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   1680000 | PA      | $1686847.71   | 1.02%             | 2035-10-23      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                      | FED HM LN PC POOL SD8409 FR 03/54 FIXED 6               | CUSIP: 3132DWKW2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5184699 | PA      | $5307867.73   | 3.21%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD ZAR BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $-87.82       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOYBEAN MEAL FUTR DEC25 XCBT 20251212                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         2 | NC      | $-2597.40     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| COUNTRYWIDE ALT LOAN TRUST 2006-OA17                       | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 OA17 1A1A     | CUSIP: 12668PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    460864 | PA      | $406263.75    | 0.25%             | 2046-12-20      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO 2022-3 LTD                         | BAIN CAPITAL CREDIT CLO, LIMIT BCC 2022 3A A1R 144A     | CUSIP: 05684NAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1700000 | PA      | $1706267.42   | 1.03%             | 2035-07-17      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD ZAR BOUGHT USD 20251120                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $-686.46      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | LEAN HOGS FUTURE  DEC25 XCME 20251212                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -3 | NC      | $-5419.56     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SOLD ZAR BOUGHT USD 20251120                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $-1133.65     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HOME EQUITY ASSET TRUST 2004-3                             | HOME EQUITY ASSET TRUST HEAT 2004 3 M1                  | CUSIP: 437084CE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19960 | PA      | $19886.98     | 0.01%             | 2034-08-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD CNH BOUGHT USD 20251016                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |         1 | NC      | $1436.94      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 10/26 0.125                             | CUSIP: 91282CDC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6974685 | PA      | $6936786.24   | 4.19%             | 2026-10-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 02/51 0.125                             | CUSIP: 912810SV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4218550 | PA      | $2342706.82   | 1.41%             | 2051-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                      | FED HM LN PC POOL 1J1334 FH 09/36 FLOATING VAR          | CUSIP: 3128NHPT4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      4444 | PA      | $4538.51      | 0.00%             | 2036-09-01      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT A/S                                    | NYKREDIT REALKREDIT AS COVERED REGS 10/53 3             | CUSIP: ACI24L9V3<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |   4917824 | PA      | $734674.38    | 0.44%             | 2053-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD JPY BOUGHT USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $-24382.53    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | RFR USD SOFR/4.75000 01/18/24-2Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-6441.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT CAD SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $-1069.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REALKREDIT DANMARK A/S                                     | REALKREDIT DANMARK COVERED REGS 10/53 2                 | CUSIP: ACI22BWW9<br>LEI: 549300NLOMBOWE943Y30 | Long             | DBT              | CORP              | DK        |     36680 | PA      | $4858.46      | 0.00%             | 2053-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT IDR SOLD USD 20251217                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $1393.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD GBP BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $2156.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 2.31125 02/24/21-10Y LCH                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $199936.82    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 04/27 0.125                             | CUSIP: 91282CEJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3089070 | PA      | $3046935.70   | 1.84%             | 2027-04-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-1804.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251008                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $53.62        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOYBEAN OIL FUTR  JAN26 XCBT 20260114                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -2 | NC      | $2407.65      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SOLD CNH BOUGHT USD 20251016                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |         1 | NC      | $212.74       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD ILS BOUGHT USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $-2960.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | RFR USD SOFR/3.75000 09/02/25-7Y* LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-280199.75   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT A/S                                    | NYKREDIT REALKREDIT AS COVERED REGS 10/53 2             | CUSIP: ACI1Z8QS8<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |         2 | PA      | $0.18         | 0.00%             | 2053-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD CHF BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |         1 | NC      | $-172.32      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251215                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $-20.67       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD THB BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |         1 | NC      | $0.13         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD NZD BOUGHT USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |         1 | NC      | $-999.46      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 2.763 09/15/23-30Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $129889.36    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT JPY SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $24593.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $-712.11      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                       | GNMA II POOL MA9961 G2 10/54 FIXED 3.5                  | CUSIP: 36180AB69<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1292175 | PA      | $1179319.97   | 0.71%             | 2054-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | RFR USD SOFR/3.25000 06/18/25-9Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $15739.44     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251215                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $4139.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $10147.15     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| REALKREDIT DANMARK A/S                                     | REALKREDIT DANMARK COVERED REGS 10/53 3                 | CUSIP: ACI24KGY1<br>LEI: 549300NLOMBOWE943Y30 | Long             | DBT              | CORP              | DK        |   4364832 | PA      | $651156.62    | 0.39%             | 2053-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | WHEAT FUTURE(CBT) MAR26 XCBT 20260313                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -4 | NC      | $5099.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SOLD EUR BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $71.76        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SHACKLETON CLO LTD 2019-14A                                | SHACKLETON CLO LTD SHACK 2019 14A A1RR 144A             | CUSIP: 81880XAW2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1702648.12   | 1.03%             | 2034-07-20      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT KRW SOLD USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |         1 | NC      | $-1862.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD JPY BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $2948.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 01/33 1.125                             | CUSIP: 91282CGK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    867560 | PA      | $841135.65    | 0.51%             | 2033-01-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 2.59 12/15/22-30Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $34446.27     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2023-H23          | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 H23 JF          | CUSIP: 38383KFR8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3585542 | PA      | $3621928.40   | 2.19%             | 2073-09-20      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 07/30 0.125                             | CUSIP: 912828ZZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2141864 | PA      | $2037113.53   | 1.23%             | 2030-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| HARBORVIEW MORTGAGE LOAN TR 2005-9                         | HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2005 9 B1          | CUSIP: 41161PSV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    161922 | PA      | $151259.71    | 0.09%             | 2035-06-20      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $826.34       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251008                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $625.40       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT PLN SOLD USD 20251022                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |         1 | NC      | $-435.01      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 2.7675 05/13/21-5Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-290570.64   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD JPY BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $17252.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INDYMAC INDX MTGE LOAN TRUST 2004-AR10                     | INDYMAC INDX MORTGAGE LOAN TRU INDX 2004 AR10 1A1       | CUSIP: 45660N2W4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    428727 | PA      | $392035.92    | 0.24%             | 2034-05-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD SGD BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |         1 | NC      | $1480.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT GBP SOLD USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $285.70       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251119                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $77.73        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $-1160.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 10/28 2.375                             | CUSIP: 91282CJH5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14448705 | PA      | $15052815.90  | 9.09%             | 2028-10-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 01/32 0.125                             | CUSIP: 91282CDX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8390376 | PA      | $7728398.24   | 4.67%             | 2032-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 01/29 2.5                               | CUSIP: 912810PZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1382700 | PA      | $1445222.90   | 0.87%             | 2029-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT CHF SOLD USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |         1 | NC      | $2415.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-5425.63     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251215                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $1010.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT IDR SOLD USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $-3842.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOYBEAN MEAL FUTR JAN26 XCBT 20260114                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         9 | NC      | $-8664.92     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 1.38 03/15/21-10Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $-545399.12   | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT PLN SOLD USD 20251022                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |         1 | NC      | $-582.72      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MEXICO GOVT                                                | MEXICAN UDIBONOS BONDS 08/34 4                          | CUSIP: ACI2NBJY7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    128260 | PA      | $6708.73      | 0.00%             | 2034-08-24      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | COCOA FUTURE      MAR26 IFUS 20260316                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         1 | NC      | $-5931.15     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | LIVE CATTLE FUTR  DEC25 XCME 20251231                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         2 | NC      | $-2661.17     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SOYBEAN FUTURE    NOV25 XCBT 20251114                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         1 | NC      | $-402.90      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NORDEA KREDIT REALKREDITAKTIESELSKAB                       | NORDEA KREDIT REALKREDIT COVERED 10/53 1                | CUSIP: ACI1N7374<br>LEI: 52990080NNXXLC14OC65 | Long             | DBT              | CORP              | DK        |     23382 | PA      | $2938.56      | 0.00%             | 2053-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD KRW BOUGHT USD 20251022                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |         1 | NC      | $7303.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT PLN SOLD USD 20251022                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |         1 | NC      | $-524.62      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | EURO-BUND FUTURE  DEC25 XEUR 20251208                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | DE        |       -10 | NC      | $-8933.82     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | BOUGHT IDR SOLD USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $-3952.97     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD SGD BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |         1 | NC      | $452.57       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | EURO-BTP FUTURE   DEC25 XEUR 20251208                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | DE        |        48 | NC      | $61892.38     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 2.703 05/25/21-5Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $84889.62     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD SEK BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SE        |         1 | NC      | $-7376.81     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NORDEA KREDIT REALKREDITAKTIESELSKAB                       | NORDEA KREDIT REALKREDIT COVERED 10/53 1.5              | CUSIP: ACI1Z8QZ2<br>LEI: 52990080NNXXLC14OC65 | Long             | DBT              | CORP              | DK        |    100000 | PA      | $10677.33     | 0.01%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | NATURAL GAS FUTR  JAN26 XNYM 20251229                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -1 | NC      | $208.36       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | RFRF USD SOFR/2.34000 11/21/23-5Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-515844.30   | -0.31%            |  |  |  | No            |                  2 | On Loan: No      |
| OPEN TRUST 2023-AIR                                        | OPEN TRUST OPEN 2023 AIR A 144A                         | CUSIP: 68373BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    117022 | PA      | $117268.62    | 0.07%             | 2040-11-15      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| NORDEA KREDIT REALKREDITAKTIESELSKAB                       | NORDEA KREDIT REALKREDIT COVERED 10/53 1.5              | CUSIP: ACI1WZT66<br>LEI: 52990080NNXXLC14OC65 | Long             | DBT              | CORP              | DK        |     54941 | PA      | $6833.21      | 0.00%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD GBP BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $2094.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                               | UBS GROUP AG SR UNSECURED REGS 03/29 VAR                | CUSIP: ACI2B33K5<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    100000 | PA      | $130959.48    | 0.08%             | 2029-03-01      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-3074.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-151.41      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT GBP SOLD USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-2146.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD DKK BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | DK        |         1 | NC      | $-9824.37     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP FR NI 1.41 11/15/19-20Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | FR        |         1 | NC      | $-51921.59    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | CORN FUTURE       DEC25 XCBT 20251212                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -17 | NC      | $1353.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | BOUGHT KRW SOLD USD 20251022                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |         1 | NC      | $-1665.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251215                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $1212.94      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                       | GNMA II TBA 30 YR 3.5 JUMBOS                            | CUSIP: 21H0326B1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  12000000 | PA      | $10940330.16  | 6.61%             | 2055-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT ILS SOLD USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $1113.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $4332.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT PLN SOLD USD 20251022                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |         1 | NC      | $1028.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PALMER SQUARE EUROPEAN LOAN FUNDING 2023-3 DAC 23-3A       | PALMER SQUARE EUROPEAN LOAN FU PSTET 2023 3A AR 144A    | CUSIP: ACI2S2BG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    944093 | PA      | $1107658.83   | 0.67%             | 2033-05-15      | Floating      | 3.01%                 | No            |                  2 | On Loan: No      |
| ROMARK CREDIT FUNDING III LTD 2025-4A                      | ROMARK CREDIT FUNDING LTD RCF 2025 4A A 144A            | CUSIP: 77588RAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1704590.00   | 1.03%             | 2043-07-29      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| FRANCE GOVT                                                | FRANCE (GOVT OF) BONDS 144A REGS 07/31 0.1              | CUSIP: ACI1VB392<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |   1101681 | PA      | $1226274.46   | 0.74%             | 2031-07-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT IDR SOLD USD 20251217                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $833.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | 317U7XVA7 PIMCO FPPSWAPTION 2.35 CALL EUR               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        | -12200000 | NC      | $-62193.71    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT PLN SOLD USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |         1 | NC      | $386.06       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251008                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-21.23       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD JPY BOUGHT USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $-10425.30    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 2.049 08/15/24-10Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $-40730.46    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD THB BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |         1 | NC      | $220.12       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT CHF SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |         1 | NC      | $-1667.61     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $1130.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 04/30 1.625                             | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9437361 | PA      | $9585034.94   | 5.79%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT TWD SOLD USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $-660.86      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL INC 2005-HE2                        | MORGAN STANLEY CAPITAL INC MSAC 2005 HE2 M2             | CUSIP: 61744CNC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    144725 | PA      | $141838.33    | 0.09%             | 2035-01-25      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 01/35 2.125                             | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6858053 | PA      | $7062407.82   | 4.26%             | 2035-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP GB NI 3.466 09/15/24-10Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |         1 | NC      | $8367.46      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT THB SOLD USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |         1 | NC      | $13.09        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | NATURAL GAS FUTR  MAR26 XNYM 20260225                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -1 | NC      | $-991.93      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | BOUGHT ILS SOLD USD 20251113                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $139.73       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-2286.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT GBP SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-848.79      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                       | FNMA TBA 30 YR 6.5 SINGLE FAMILY MORTGAGE               | CUSIP: 01F0626A4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1033539.94   | 0.62%             | 2054-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 3.0425 02/21/25-1Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-1817.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $-991.46      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD CHF BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |         1 | NC      | $-2410.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | IRS EUR 0.19700 11/08/22-30Y LCH                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $1163987.20   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 10/29 1.625                             | CUSIP: 91282CLV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13551384 | PA      | $13823473.30  | 8.35%             | 2029-10-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-3954.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 3.13 05/15/22-5Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $3397.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT ILS SOLD USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $1764.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251007                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $-838.16      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REALKREDIT DANMARK A/S                                     | REALKREDIT DANMARK COVERED REGS 10/50 1                 | CUSIP: BKDSHLII7<br>LEI: 549300NLOMBOWE943Y30 | Long             | DBT              | CORP              | DK        |         2 | PA      | $0.20         | 0.00%             | 2050-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | RFR JPY MUTK/0.55000 09/14/23-5Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |         1 | NC      | $16013.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE 2007-4                                          | FANNIE MAE FNR 2007 4 DF                                | CUSIP: 31396PMC2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      7290 | PA      | $7233.68      | 0.00%             | 2037-02-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 2.736 10/15/23-30Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $70391.11     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD INR BOUGHT USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $157.67       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                 | JAPAN GOVT CPI LINKED BONDS 03/28 0.1                   | CUSIP: ACI12NZL6<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        | 449431790 | PA      | $3090726.78   | 1.87%             | 2028-03-10      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-47                                  | FANNIE MAE FNR 2025 47 FJ                               | CUSIP: 3136BWNH5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1648758 | PA      | $1659949.88   | 1.00%             | 2055-06-25      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS EDUC FINANCING AUTH 2008-1                   | MASSACHUSETTS EDUCATIONAL FINA MEFA 2008 1 A1           | CUSIP: 57563NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8924 | PA      | $8947.47      | 0.01%             | 2038-04-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT DKK SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | DK        |         1 | NC      | $1169.41      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | KC HRW WHEAT FUT  MAR26 XCBT 20260313                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -2 | NC      | $4629.83      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | BOUGHT SEK SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SE        |         1 | NC      | $332.39       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OCP EURO CLO 2022-6 DAC 6A                                 | OCP EURO CLO OCPE 2022 6A ARR 144A                      | CUSIP: ACI2YHRS6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   1700000 | PA      | $2002136.64   | 1.21%             | 2036-07-20      | Floating      | 3.26%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD ZAR BOUGHT USD 20251009                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $-11.57       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 02/43 0.625                             | CUSIP: 912810RA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3962185 | PA      | $3012344.11   | 1.82%             | 2043-02-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD SGD BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |         1 | NC      | $266.43       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORTGAGEIT TRUST 2004-2                                    | MORTGAGEIT TRUST MHL 2004 2 M2                          | CUSIP: 61913PAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4533 | PA      | $4452.05      | 0.00%             | 2034-12-25      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TR INC 2007-AMC2                       | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 AMC2 A3A       | CUSIP: 17311XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    119843 | PA      | $88352.18     | 0.05%             | 2037-01-25      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-2968.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | IRS EUR 2.87880 06/12/23-9Y* LCH                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $160096.53    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | US LONG BOND(CBT) DEC25 XCBT 20251219                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      -179 | NC      | $-441989.50   | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES EURO CLO 2014-2 LTD 14-2A | CARLYLE GLOBAL MARKET STRATEGI CGMSE 2014 2A AR1 144A   | CUSIP: ACI1XGH29<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    285095 | PA      | $334907.52    | 0.20%             | 2031-11-15      | Floating      | 2.79%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT KRW SOLD USD 20251022                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |         1 | NC      | $-1882.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 07/32 0.625                             | CUSIP: 91282CEZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7893780 | PA      | $7473987.44   | 4.51%             | 2032-07-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT GBP SOLD USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $1395.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT EUR SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $470.21       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT A/S                                    | NYKREDIT REALKREDIT AS COVERED REGS 10/50 1             | CUSIP: BK9CXBII1<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |     11733 | PA      | $1453.20      | 0.00%             | 2050-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | CORN FUTURE       MAR26 XCBT 20260313                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -8 | NC      | $-1221.52     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SOLD DKK BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | DK        |         1 | NC      | $-8024.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | WHITE SUGAR (ICE) MAR26 IFEU 20260213                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        -1 | NC      | $-220.63      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | BOUGHT ILS SOLD USD 20251113                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $887.94       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 2.59 03/15/22-30Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $20637.56     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT IDR SOLD USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $-2454.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD GBP BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-281.96      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                       | FNMA POOL AS6311 FN 12/45 FIXED 3.5                     | CUSIP: 3138WGAM6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      6242 | PA      | $5863.43      | 0.00%             | 2045-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT KRW SOLD USD 20251010                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |         1 | NC      | $-647.51      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT A/S                                    | NYKREDIT REALKREDIT AS COVERED REGS 10/47 2.5           | CUSIP: ACI09WV27<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |     15289 | PA      | $2253.01      | 0.00%             | 2047-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT JPY SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $6470.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT PLN SOLD USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |         1 | NC      | $476.21       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 2.38 10/15/24-1Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-10946.51    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT ZAR SOLD USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $2089.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SUGAR  11 (WORLD) MAR26 IFUS 20260227                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -10 | NC      | $3777.94      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | RFR USD SOFR/3.32500 12/01/25-4Y* LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $1872.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD DKK BOUGHT USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | DK        |         1 | NC      | $-1185.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD EUR BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-91170.76    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | WTI CRUDE FUTURE  MAR26 XNYM 20260220                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         1 | NC      | $-1740.76     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| FNMA PASS THRU POOLS                                       | FNMA POOL MA5328 FN 04/54 FIXED 6                       | CUSIP: 31418E4N7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4065724 | PA      | $4161215.38   | 2.51%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | LME NICKEL FUTURE JAN26 XLME 20260119                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        -1 | NC      | $1294.51      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | GASOLINE RBOB FUT MAR26 XNYM 20260227                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         2 | NC      | $-289.56      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 01/31 0.125                             | CUSIP: 91282CBF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7110472 | PA      | $6679008.89   | 4.03%             | 2031-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT KRW SOLD USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |         1 | NC      | $-3866.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD CAD BOUGHT USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $1077.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD KRW BOUGHT USD 20251010                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |         1 | NC      | $1672.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 2.682 10/15/23-30Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $31470.78     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | COPPER FUTURE     DEC25 XCEC 20251229                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         1 | NC      | $-21633.07    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SOLD CNH BOUGHT USD 20251016                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |         1 | NC      | $2408.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD INR BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $402.11       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REALKREDIT DANMARK A/S                                     | REALKREDIT DANMARK COVERED REGS 10/53 1.5               | CUSIP: BMXQXJII2<br>LEI: 549300NLOMBOWE943Y30 | Long             | DBT              | CORP              | DK        |   2220785 | PA      | $284613.13    | 0.17%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BEIGNET INVESTOR LLC                                       | PROJECT BEIGNET SR SEC 144A PROJECT BEIGNET SR SEC 144A | CUSIP: 990AAXQG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1800000.00   | 1.09%             | 2049-06-01      | Fixed         | 6.85%                 | No            |                  3 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $9243.96      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 2.4875 05/15/22-15Y LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $67.21        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOYBEAN MEAL FUTR MAR26 XCBT 20260313                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -2 | NC      | $3272.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | GOLD 100 OZ FUTR  DEC25 XCEC 20251229                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -2 | NC      | $-22777.44    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SOLD JPY BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $21567.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD AUD BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $-1524.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD IDR BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $809.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | 317U80NA7 PIMCO FPPSWAPTION 2.5 CALL EUR                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |  -3000000 | NC      | $-20977.23    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-2749.72     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | COTTON NO.2 FUTR  MAR26 IFUS 20260309                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -3 | NC      | $1518.14      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | BOUGHT ILS SOLD USD 20251113                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $197.27       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP EM NI 1.636 06/15/25-2Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $13073.15     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                      | FED HM LN PC POOL 1A1082 FH 07/36 FLOATING VAR          | CUSIP: 3128NFFX0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     13600 | PA      | $13877.52     | 0.01%             | 2036-07-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 2.41875 03/05/21-5Y LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-545408.74   | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | RFR USD SOFR/4.10000 12/31/25-28Y* LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-49807.32    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 3.323 04/23/25-1Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $17397.23     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 01/28 1.75                              | CUSIP: 912810PV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4556433 | PA      | $4632614.66   | 2.80%             | 2028-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT ZAR SOLD USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |         1 | NC      | $4511.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251006                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-22.81       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | RFR JPY MUTK/0.50000 12/15/21-10Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |         1 | NC      | $185716.40    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | RFR GBP SONIO/3.75000 09/17/25-5Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |         1 | NC      | $-81473.31    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT MXN SOLD USD 20251217                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |         1 | NC      | $156.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MAN GLG EURO CLO V DAC 5A                                  | MAN GLG EURO CLO GLGE 5A A1R 144A                       | CUSIP: ACI1WBHS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    297752 | PA      | $349979.01    | 0.21%             | 2031-12-15      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT A/S                                    | NYKREDIT REALKREDIT AS COVERED REGS 10/53 1.5           | CUSIP: ACI1P1CP5<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |         2 | PA      | $0.23         | 0.00%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $10300.98     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD SGD BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |         1 | NC      | $687.81       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | 317U7XUA8 PIMCO FPPSWAPTION 2.35 PUT EUR                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        | -12200000 | NC      | $-62326.92    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT KRW SOLD USD 20251022                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |         1 | NC      | $-709.87      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-2190.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                       | FNMA POOL MA5217 FN 12/53 FIXED 6.5                     | CUSIP: 31418EYP9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3947364 | PA      | $4084101.53   | 2.47%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD SGD BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |         1 | NC      | $14412.88     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | WHEAT FUTURE(CBT) DEC25 XCBT 20251212                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -5 | NC      | $10231.98     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | BOUGHT BRL SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $180118.18    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD CNH BOUGHT USD 20251016                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |         1 | NC      | $197.72       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD SGD BOUGHT USD 20251104                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |         1 | NC      | $-1465.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT KRW SOLD USD 20251010                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |         1 | NC      | $-2436.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD INR BOUGHT USD 20251008                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $286.76       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT GBP SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-2322.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOYBEAN FUTURE    JAN26 XCBT 20260114                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         2 | NC      | $-3005.03     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 01/28 0.5                               | CUSIP: 9128283R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7517047 | PA      | $7431429.39   | 4.49%             | 2028-01-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT MXN SOLD USD 20251217                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |         1 | NC      | $10813.99     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT PLN SOLD USD 20251022                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |         1 | NC      | $-1659.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD TWD BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $9239.69      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-683.94      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOYBEAN FUTURE    MAR26 XCBT 20260313                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -2 | NC      | $4085.10      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SOLD INR BOUGHT USD 20251119                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $13.69        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 02/53 1.5                               | CUSIP: 912810TP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1956096 | PA      | $1567202.32   | 0.95%             | 2053-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | IRS EUR 0.19500 11/04/22-30Y LCH                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $674310.71    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD ILS BOUGHT USD 20251113                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $-10419.45    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT IDR SOLD USD 20251217                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $451.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                         | TSY INFL IX N/B 02/41 2.125                             | CUSIP: 912810QP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2610909 | PA      | $2610785.86   | 1.58%             | 2041-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT TWD SOLD USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |         1 | NC      | $-3323.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 1.954 06/03/19-10Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-164434.17   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                       | FNMA POOL MA5273 FN 02/54 FIXED 6.5                     | CUSIP: 31418E2F6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     89928 | PA      | $93043.75     | 0.06%             | 2054-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251119                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-127.85      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JYSKE REALKREDIT A/S                                       | JYSKE REALKREDIT A/S COVERED 10/53 1.5                  | CUSIP: ACI1X8QV3<br>LEI: 529900R9HQNZRT2OXB26 | Long             | DBT              | CORP              | DK        |         2 | PA      | $0.25         | 0.00%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT ILS SOLD USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $10579.78     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT INR SOLD USD 20251017                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $-3075.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT IDR SOLD USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $-2489.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT ILS SOLD USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $1822.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT SEK SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SE        |         1 | NC      | $1263.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT BRL SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $3918.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GRIFONAS FINANCE NO.1 PLC GRIF-1                           | GRIFONAS FINANCE PLC GRIF 1 A REGS                      | CUSIP: B1DFQWII3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     40941 | PA      | $46711.85     | 0.03%             | 2039-08-28      | Floating      | 2.34%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD SGD BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |         1 | NC      | $570.71       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5564                                    | FREDDIE MAC FHR 5564 FB                                 | CUSIP: 3137HMD23<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1585229 | PA      | $1593484.01   | 0.96%             | 2055-08-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | IRS EUR 2.75000 03/18/26-10Y LCH                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |         1 | NC      | $22640.96     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD ILS BOUGHT USD 20251113                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $-1097.63     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD CNH BOUGHT USD 20251016                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |         1 | NC      | $67.04        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2018-H15          | GOVERNMENT NATIONAL MORTGAGE A GNR 2018 H15 FG          | CUSIP: 38380LJY0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    244406 | PA      | $245416.42    | 0.15%             | 2068-08-20      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5565                                    | FREDDIE MAC FHR 5565 FA                                 | CUSIP: 3137HMGJ3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1666415 | PA      | $1672843.16   | 1.01%             | 2055-08-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | INF SWAP US IT 2.813 05/14/21-5Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $78077.48     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | COCOA FUTURE      DEC25 IFUS 20251215                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         1 | NC      | $-6312.54     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | BOUGHT ILS SOLD USD 20251113                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $73.12        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                       | FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE               | CUSIP: 01F0426A6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  10400000 | PA      | $10088959.09  | 6.09%             | 2055-10-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | SOLD INR BOUGHT USD 20251020                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |         1 | NC      | $836.22       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ITALY GOVT                                                 | BUONI POLIENNALI DEL TES SR UNSECURED 144A REGS 05/36 1 | CUSIP: ACI2NDKJ4<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    103749 | PA      | $121179.28    | 0.07%             | 2036-05-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT CHF SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |         1 | NC      | $7167.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT IDR SOLD USD 20251015                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |         1 | NC      | $-3461.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REALKREDIT DANMARK A/S                                     | REALKREDIT DANMARK COVERED REGS 04/47 2.5               | CUSIP: ACI0B2V53<br>LEI: 549300NLOMBOWE943Y30 | Long             | DBT              | CORP              | DK        |     10426 | PA      | $1538.39      | 0.00%             | 2047-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | BOUGHT EUR SOLD USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $433.47       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NORDEA KREDIT REALKREDITAKTIESELSKAB                       | NORDEA KREDIT REALKREDIT COVERED 10/53 1.5              | CUSIP: BL6K5DII1<br>LEI: 52990080NNXXLC14OC65 | Long             | DBT              | CORP              | DK        |    625494 | PA      | $80499.96     | 0.05%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | LME LEAD FUTURE   JAN26 XLME 20260119                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        -2 | NC      | $552.72       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SOLD JPY BOUGHT USD 20251002                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |         1 | NC      | $2393.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-26

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

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer