# EDGAR Filing Document

**Accession Number:** 0000810893
**File Stem:** 0000810893-25-002604
**Filing Date:** 2025-8
**Character Count:** 3169423
**Document Hash:** 80d7752dc853a82604c9e56f0732a87b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000810893-25-002604.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0000810893-25-002604

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20260331

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05028
- **FILM NUMBER:** 251273793

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

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

## Series and Classes Contracts Data

### PIMCO U.S. Government and Short-Term Investments Portfolio (Series ID: S000009847)

| Class ID   | Class Name                                                 | Ticker Symbol   |
|:---|:---|:---|
| C000027275 | PIMCO U.S. Government and Short-Term Investments Portfolio |  |

## Nport-Ex

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio June 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 141.0% ¤** |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **BANKING & FINANCE 0.2%**  |  |  |
| **Ambac Assurance Corp.** <br>5.100% due 12/31/2099 (f) | $43 | $58 |
| **BPCE SA** <br>5.936% due 05/30/2035 •  | 250 | 256 |
| **Preferred Term Securities Ltd.**  |  |  |
| 4.668% (US0003M + 0.350%) due 03/22/2038 ~  | 17288 | 16467 |
| 5.417% (US0003M + 0.860%) due 07/03/2033 ~  | 325 | 325 |
|  |  | 17106 |
| **INDUSTRIALS 0.0%**  |  |  |
| **CVS Pass-Through Trust** <br>5.880% due 01/10/2028 | 387 | 392 |
| **Times Square Hotel Trust** <br>8.528% due 08/01/2026 | 860 | 863 |
|  |  | 1255 |
| Total Corporate Bonds & Notes (Cost $18,253) |  | 18361 |
| **U.S. GOVERNMENT AGENCIES 60.1%**  |  |  |
| **Fannie Mae**  |  |  |
| 1.580% due 11/25/2049 •(a) | 472 | 63 |
| 4.000% due 11/25/2033 - 01/01/2059 | 223 | 211 |
| 4.676% due 08/25/2031 •  | 26 | 25 |
| 4.690% due 05/01/2036 •  | 1 | 1 |
| 4.807% due 07/25/2037 •  | 391 | 384 |
| 4.881% due 03/25/2036 •  | 6 | 5 |
| 5.000% due 11/25/2032 | 433 | 430 |
| 5.016% due 11/18/2031 •  | 1 | 1 |
| 5.070% due 11/25/2031 •  | 10 | 10 |
| 5.420% due 04/25/2032 •  | 1 | 1 |
| 5.500% due 09/25/2035 | 2274 | 2334 |
| 5.505% due 12/25/2054 •  | 1769 | 1773 |
| 5.697% due 03/01/2044 - 10/01/2044 •  | 14 | 13 |
| 5.897% due 10/01/2040 •  | 5 | 5 |
| 5.935% due 02/01/2033 •  | 6 | 6 |
| 6.022% due 05/01/2034 •  | 8 | 8 |
| 6.078% due 06/01/2033 •  | 2 | 2 |
| 6.106% due 03/01/2035 •  | 3 | 3 |
| 6.125% due 09/01/2033 •  | 10 | 10 |
| 6.140% due 11/01/2035 •  | 1 | 1 |
| 6.224% due 07/01/2033 •  | 1 | 1 |
| 6.242% due 02/01/2035 •  | 2 | 2 |
| 6.270% due 05/01/2036 •  | 3 | 4 |
| 6.276% due 01/01/2035 •  | 3 | 3 |
| 6.291% due 04/01/2036 •  | 1 | 1 |
| 6.298% due 12/01/2035 •  | 2 | 2 |
| 6.302% due 11/01/2032 •  | 7 | 7 |
| 6.332% due 03/01/2035 •  | 4 | 4 |
| 6.345% due 10/01/2032 •  | 3 | 3 |
| 6.350% due 11/01/2034 •  | 1 | 1 |
| 6.357% due 02/01/2035 •  | 1 | 1 |
| 6.375% due 03/01/2029 - 04/01/2032 •  | 5 | 4 |
| 6.377% due 07/01/2035 •  | 2 | 2 |
| 6.410% due 11/01/2034 •  | 5 | 5 |
| 6.465% due 05/01/2033 •  | 7 | 7 |
| 6.493% due 03/01/2033 •  | 1 | 1 |
| 6.500% due 06/25/2028 | 2 | 2 |
| 6.584% due 12/01/2036 •  | 1 | 1 |
| 6.634% due 04/01/2033 •  | 3 | 3 |
| 6.637% due 01/01/2037 •  | 2 | 2 |
| 6.650% due 03/01/2035 •  | 1 | 1 |
| 6.701% due 12/01/2036 •  | 3 | 3 |
| 6.744% due 07/01/2033 •  | 1 | 1 |
| 6.853% due 10/01/2034 •  | 2 | 2 |
| 7.000% due 07/25/2042 | 2 | 3 |
| 7.263% due 09/01/2033 •  | 2 | 2 |
| 7.282% due 04/01/2036 •  | 7 | 7 |
| 7.488% due 06/01/2033 •  | 44 | 46 |
| 7.500% due 09/01/2033 •  | 4 | 5 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 8.500% due 11/01/2030 | 1 | 1 |
| **Freddie Mac**  |  |  |
| 0.635% due 01/25/2034 ~(a) | 85710 | 2481 |
| 0.926% due 03/25/2034 ~(a) | 66804 | 3092 |
| 2.862% due 07/25/2054 ~ | 50484 | 47368 |
| 3.000% due 09/01/2046 - 03/01/2048 | 9347 | 8255 |
| 3.500% due 07/01/2046 - 02/01/2048 | 114 | 105 |
| 4.000% due 10/15/2033 | 12 | 12 |
| 4.668% due 10/15/2032 •  | 2 | 2 |
| 4.694% due 08/25/2031 •  | 17 | 17 |
| 4.768% due 12/15/2029 •  | 2 | 2 |
| 4.868% due 12/15/2031 •  | 1 | 1 |
| 4.968% due 08/15/2031 •  | 2 | 2 |
| 5.000% due 02/15/2036 | 74 | 76 |
| 5.500% due 05/15/2036 | 6 | 6 |
| 5.505% due 12/25/2054 •  | 1847 | 1848 |
| 5.599% due 10/25/2044 - 02/25/2045 •  | 844 | 773 |
| 5.799% due 07/25/2044 •  | 175 | 169 |
| 5.941% due 08/01/2031 •  | 4 | 4 |
| 6.340% due 02/01/2035 •  | 6 | 7 |
| 6.402% due 11/01/2034 •  | 6 | 6 |
| 6.480% due 03/01/2034 - 04/01/2034 •  | 6 | 6 |
| 6.500% due 02/01/2035 •  | 5 | 5 |
| 6.500% due 07/25/2043 | 225 | 234 |
| 6.552% due 01/01/2035 •  | 2 | 2 |
| 6.595% due 12/01/2033 •  | 8 | 8 |
| 6.612% due 01/01/2035 •  | 4 | 4 |
| 6.645% due 02/01/2036 •  | 1 | 1 |
| 6.657% due 02/01/2035 •  | 2 | 3 |
| 6.660% due 11/01/2034 •  | 1 | 1 |
| 6.825% due 03/01/2032 •  | 7 | 7 |
| 6.932% due 10/01/2034 •  | 4 | 4 |
| 6.990% due 01/01/2035 •  | 1 | 1 |
| 7.000% due 06/15/2029 | 2 | 2 |
| 7.044% due 09/01/2035 •  | 2 | 2 |
| 7.090% due 09/01/2028 •  | 1 | 1 |
| 7.302% due 09/01/2033 •  | 5 | 5 |
| 7.500% due 01/15/2031 | 1 | 1 |
| 7.590% due 09/01/2035 •  | 1 | 1 |
| 7.617% due 07/01/2037 •  | 1 | 1 |
| **Ginnie Mae**  |  |  |
| 3.000% due 10/20/2051 - 12/20/2052 | 21313 | 18873 |
| 3.500% due 05/20/2052 - 10/20/2054 | 14239 | 12993 |
| 4.500% due 07/20/2040 - 12/20/2053 | 7274 | 7047 |
| 4.625% due 07/20/2029 - 09/20/2033 •  | 13 | 13 |
| 4.746% due 03/20/2068 •  | 997 | 997 |
| 4.750% (H15T1Y + 1.500%) due 10/20/2026 ~ | 1 | 1 |
| 4.750% due 12/20/2027 - 10/20/2033 •  | 6 | 5 |
| 4.752% due 01/20/2072 •  | 260 | 260 |
| 4.786% due 12/20/2062 •  | 582 | 582 |
| 4.796% due 10/20/2062 •  | 449 | 449 |
| 4.875% due 05/20/2030 - 05/20/2032 •  | 10 | 9 |
| 4.896% due 02/20/2061 •  | 61 | 61 |
| 5.000% due 05/20/2030 - 07/20/2030 •  | 13 | 12 |
| 5.096% due 02/20/2070 •  | 234 | 235 |
| 5.196% due 09/20/2063 - 02/20/2067 •  | 659 | 661 |
| 5.446% due 12/20/2066 •  | 726 | 730 |
| 5.625% due 01/20/2027 - 02/20/2030 •  | 6 | 6 |
| **Ginnie Mae, TBA**  |  |  |
| 2.000% due 07/01/2055 | 3000 | 2444 |
| 2.500% due 08/01/2055 | 3600 | 3059 |
| 3.500% due 07/01/2055 | 49800 | 45282 |
| 4.000% due 07/01/2055 - 08/01/2055 | 30700 | 28546 |
| 4.500% due 07/01/2055 | 20400 | 19530 |
| 5.000% due 08/01/2055 | 3300 | 3240 |
| 5.500% due 07/01/2055 | 10800 | 10818 |
| 6.500% due 08/01/2055 - 09/01/2055 | 53900 | 55197 |
| **Uniform Mortgage-Backed Security**  |  |  |
| 2.500% due 07/01/2037 | 857 | 800 |
| 3.000% due 12/01/2026 - 05/01/2052 | 14498 | 13072 |
| 3.500% due 03/01/2040 - 05/01/2052 | 17164 | 15752 |
| 4.000% due 08/01/2038 - 09/01/2052 | 15134 | 14576 |
| 4.500% due 07/01/2052 - 04/01/2053 | 68892 | 66079 |
| 5.000% due 06/01/2053 - 03/01/2055 | 1306 | 1281 |
| 5.500% due 11/01/2052 - 05/01/2053 | 61642 | 61816 |
| 6.000% due 12/01/2052 - 02/01/2054 | 2295 | 2340 |
| 6.500% due 02/01/2044 - 04/01/2055 | 110350 | 114082 |
| 7.000% due 05/01/2054 | 3696 | 3899 |
| 8.500% due 04/01/2030 - 06/01/2030 | 2 | 2 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 2.500% due 08/01/2055 | 29400 | 24386 |
| 3.000% due 07/01/2040 - 08/01/2055 | 128740 | 116717 |
| 3.500% due 07/01/2055 - 08/01/2055 | 85000 | 76523 |
| 4.000% due 07/01/2055 - 08/01/2055 | 263450 | 244948 |
| 5.000% due 07/01/2055 - 08/01/2055 | 631035 | 618172 |
| 5.500% due 07/01/2055 - 08/01/2055 | 623400 | 622877 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.000% due 07/01/2055 - 08/01/2055 | 1160910 | 1178718 |
| 6.500% due 08/01/2055 | 1133058 | 1168307 |
| 7.000% due 08/01/2055 - 09/01/2055 | 64700 | 67833 |
| Total U.S. Government Agencies (Cost $4,654,252) |  | 4693158 |
| **U.S. TREASURY OBLIGATIONS 1.1%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.000% due 11/15/2042 (i)(k) | 49800 | 45448 |
| 4.000% due 11/15/2052 (i) | 37800 | 33071 |
| **U.S. Treasury Notes**  |  |  |
| 2.375% due 05/15/2029 (i) | 8900 | 8468 |
| Total U.S. Treasury Obligations (Cost $100,256) |  | 86987 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 22.2%**  |  |  |
| **1211 Avenue of the Americas Trust** <br>3.901% due 08/10/2035 | 4050 | 3887 |
| **225 Liberty Street Trust** <br>3.597% due 02/10/2036 | 2000 | 1910 |
| **280 Park Avenue Mortgage Trust** <br>5.492% due 09/15/2034 •  | 1400 | 1388 |
| **ACRA Trust** <br>5.608% due 10/25/2064 þ | 931 | 933 |
| **Adjustable Rate Mortgage Trust**  |  |  |
| 4.994% due 11/25/2035 •  | 153 | 151 |
| 4.994% due 08/25/2036 •  | 29444 | 9116 |
| 5.074% due 01/25/2036 •  | 205 | 175 |
| 6.051% due 11/25/2037 ~  | 297 | 197 |
| **AG Trust** <br>6.327% due 07/15/2041 •  | 3136 | 3146 |
| **American Home Mortgage Assets Trust** <br>6.750% due 11/25/2046 | 7019 | 6287 |
| **American Home Mortgage Investment Trust** <br>6.710% due 04/25/2044 •  | 156 | 171 |
| **Angel Oak Mortgage Trust**  |  |  |
| 1.469% due 06/25/2065 ~  | 107 | 101 |
| 4.800% due 11/25/2067 þ  | 24724 | 24581 |
| 5.985% due 01/25/2069 þ  | 780 | 784 |
| 6.197% due 01/25/2069 þ  | 2492 | 2514 |
| 6.500% due 12/25/2067 þ  | 760 | 765 |
| **Arroyo Mortgage Trust**  |  |  |
| 1.175% due 10/25/2048 ~  | 3486 | 3149 |
| 1.483% due 10/25/2048 ~  | 4585 | 4156 |
| 1.637% due 10/25/2048 ~  | 2326 | 2106 |
| **Ashford Hospitality Trust** <br>5.384% due 04/15/2035 •  | 5039 | 5015 |
| **ATLX Trust** <br>3.850% due 04/25/2064 þ | 2047 | 1980 |
| **BAMLL Commercial Mortgage Securities Trust** <br>4.227% due 08/10/2038 ~ | 1655 | 1611 |
| **Banc of America Alternative Loan Trust**  |  |  |
| 6.000% due 07/25/2034  | 385 | 359 |
| 6.000% due 04/25/2037  | 1331 | 1146 |
| **Banc of America Funding Trust**  |  |  |
| 3.448% due 01/20/2047 ~  | 323 | 229 |
| 3.507% due 10/20/2046 ~  | 286 | 245 |
| 4.098% due 10/26/2036 ~  | 64975 | 62235 |
| 4.226% due 09/20/2046 ~  | 49 | 40 |
| 4.812% due 10/20/2036 •  | 2267 | 1749 |
| 4.846% due 09/20/2046 ~  | 340 | 307 |
| 4.892% due 02/20/2047 •  | 1295 | 1212 |
| 5.078% due 01/20/2047 ~  | 4 | 3 |
| 5.750% due 08/25/2036  | 78 | 67 |
| 6.878% due 09/20/2046 ~  | 273 | 265 |
| **Banc of America Mortgage Trust**  |  |  |
| 3.645% due 11/20/2046 ~  | 22 | 18 |
| 4.858% due 10/25/2035 ~  | 165 | 156 |
| 5.411% due 06/25/2035 ~  | 209 | 201 |
| 5.749% due 06/25/2034 ~  | 74 | 71 |
| 6.209% due 11/25/2033 ~  | 4 | 4 |
| 6.527% due 09/25/2033 ~  | 369 | 318 |
| 6.997% due 12/25/2033 ~  | 23 | 23 |
| 7.081% due 05/25/2034 ~  | 304 | 300 |
| **BankUnited Trust** <br>5.034% due 09/25/2045 •  | 43 | 41 |
| **BCAP LLC Trust**  |  |  |
| 4.644% due 11/26/2036 ~  | 3989 | 3277 |
| 4.733% due 01/26/2036 •  | 8725 | 8034 |
| 6.834% due 10/25/2047 •  | 11444 | 8564 |
| **Bear Stearns Adjustable Rate Mortgage Trust**  |  |  |
| 0.000% due 10/25/2034 ~  | 16 | 13 |
| 4.000% due 05/25/2034 ~  | 14 | 13 |
| 4.250% due 05/25/2047 ~  | 188 | 170 |
| 4.696% due 02/25/2035 ~  | 298 | 239 |
| 4.811% due 11/25/2030 ~  | 31 | 31 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.153% due 04/25/2034 ~  | 25 | 22 |
| 5.369% due 01/25/2035 ~  | 934 | 879 |
| 5.931% due 12/25/2035 ~  | 77 | 67 |
| 5.939% due 01/25/2034 ~  | 17 | 16 |
| 6.100% due 12/25/2046 •  | 1544 | 1374 |
| 6.291% due 02/25/2036 ~  | 32 | 31 |
| 6.442% due 08/25/2035 ~  | 331 | 322 |
| 6.535% due 11/25/2034 ~  | 196 | 181 |
| 6.971% due 11/25/2034 ~  | 72 | 68 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 3.675% due 11/25/2034 ~  | 195 | 163 |
| 3.758% due 04/25/2035 ~  | 998 | 809 |
| 4.192% due 08/25/2036 ~  | 901 | 412 |
| 4.308% due 04/25/2035 ~  | 11 | 11 |
| 4.545% due 02/25/2036 ~  | 1840 | 1321 |
| 4.810% due 08/25/2036 ~  | 1372 | 881 |
| 5.174% due 01/25/2036 ~  | 543 | 515 |
| 5.197% due 07/25/2035 ~  | 6120 | 3861 |
| 5.406% due 01/25/2034 ~  | 202 | 190 |
| 5.684% due 11/25/2035 ~  | 619 | 280 |
| 5.985% due 08/25/2034 ~  | 375 | 357 |
| 6.159% due 09/25/2034 •  | 2668 | 2578 |
| 6.188% due 12/25/2033 ~  | 96 | 93 |
| **Bear Stearns Mortgage Funding Trust**  |  |  |
| 4.594% due 12/25/2046 •  | 4639 | 4155 |
| 4.644% due 01/25/2037 •  | 288 | 265 |
| **Bear Stearns Mortgage Securities, Inc.** <br>5.895% due 06/25/2030 ~ | 1 | 1 |
| **Bear Stearns Structured Products, Inc. Trust**  |  |  |
| 4.120% due 12/26/2046 ~  | 2021 | 1608 |
| 5.062% due 01/26/2036 ~  | 1406 | 1001 |
| **Bella Vista Mortgage Trust** <br>7.643% due 11/20/2034 ~ | 1842 | 1861 |
| **BellaVista Mortgage Trust**  |  |  |
| 4.932% due 05/20/2045 •  | 1079 | 694 |
| 5.174% due 02/25/2035 •  | 6931 | 4372 |
| **Benchmark Mortgage Trust** <br>3.094% due 04/15/2054 ~ | 8809 | 5957 |
| **BINOM Securitization Trust** <br>4.441% due 08/25/2057 ~ | 6851 | 6645 |
| **BX Commercial Mortgage Trust**  |  |  |
| 5.096% due 06/15/2038 •  | 1173 | 1173 |
| 5.115% due 10/15/2038 •  | 89 | 89 |
| 5.276% due 11/15/2038 •  | 11383 | 11383 |
| 5.302% due 01/17/2039 •  | 9600 | 9598 |
| 5.325% due 02/15/2039 •  | 1271 | 1271 |
| **BX Trust**  |  |  |
| 3.202% due 12/09/2041  | 2726 | 2545 |
| 5.226% due 02/15/2036 •  | 4152 | 4152 |
| **Cascade Funding Mortgage Trust**  |  |  |
| 3.000% due 03/25/2035 ~  | 3676 | 3599 |
| 4.000% due 10/25/2054 ~  | 5449 | 5334 |
| **Chase Home Lending Mortgage Trust**  |  |  |
| 3.250% due 03/25/2063 ~  | 5920 | 5333 |
| 3.250% due 09/25/2063 ~  | 5908 | 5298 |
| 3.250% due 03/25/2064 ~  | 3701 | 3297 |
| 3.250% due 08/25/2064 ~  | 2774 | 2461 |
| 3.250% due 09/25/2064 ~  | 45852 | 40859 |
| 3.375% due 12/25/2064 ~  | 9713 | 8700 |
| 3.500% due 06/25/2062 ~  | 3298 | 3034 |
| 5.555% due 09/25/2055 •  | 3907 | 3911 |
| **Chase Mortgage Finance Trust** <br>4.780% due 12/25/2035 ~ | 466 | 413 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates**  |  |  |
| 4.457% due 01/25/2035 ~  | 208 | 195 |
| 4.975% due 03/25/2035 ~  | 570 | 465 |
| **CIM Trust**  |  |  |
| 3.000% due 01/25/2061 ~  | 2901 | 2705 |
| 3.250% due 10/25/2058 ~  | 1056 | 961 |
| 3.750% due 12/25/2061 ~  | 9395 | 8954 |
| 4.500% due 01/25/2063 ~  | 4069 | 3873 |
| 5.000% due 05/25/2062 ~  | 1349 | 1352 |
| 5.000% due 02/25/2099 þ  | 2563 | 2536 |
| 5.500% due 08/25/2064 ~  | 19180 | 19367 |
| 6.639% due 12/25/2067 þ  | 907 | 913 |
| **Citicorp Mortgage Securities REMIC Trust Pass-Through Certificates** <br>5.351% due 08/25/2035 ~ | 1305 | 835 |
| **Citicorp Mortgage Securities Trust** <br>6.000% due 08/25/2036 | 452 | 417 |
| **Citigroup Commercial Mortgage Trust**  |  |  |
| 3.098% due 04/10/2049  | 918 | 916 |
| 3.209% due 05/10/2049  | 700 | 691 |
| **Citigroup Mortgage Loan Trust**  |  |  |
| 4.468% due 11/25/2036 ~  | 902 | 837 |
| 4.564% due 06/25/2036 •  | 418 | 404 |
| 4.764% due 12/25/2034 •  | 45 | 43 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.934% due 09/25/2036 •  | 1952 | 1849 |
| 5.234% due 08/25/2035 •  | 587 | 571 |
| 5.718% due 05/25/2042 ~  | 459 | 447 |
| 5.988% due 08/25/2035 ~  | 55 | 52 |
| 6.309% due 11/25/2036 •  | 1957 | 1926 |
| 6.310% due 11/25/2035 •  | 188 | 190 |
| 6.490% due 05/25/2035 •  | 22 | 22 |
| 6.980% due 12/25/2034 ~  | 24 | 23 |
| 7.230% due 10/25/2035 •  | 7 | 8 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>5.830% due 09/25/2035 •  | 55 | 54 |
| **CitiMortgage Alternative Loan Trust** <br>6.500% due 06/25/2037 | 788 | 712 |
| **Colony Mortgage Capital Ltd.** <br>5.805% due 11/15/2038 •  | 6963 | 6841 |
| **COLT Mortgage Loan Trust**  |  |  |
| 4.301% due 03/25/2067 ~  | 6255 | 6238 |
| 4.550% due 04/25/2067 ~  | 9118 | 9144 |
| 6.393% due 06/25/2069 þ  | 2112 | 2140 |
| 6.421% due 05/25/2069  | 825 | 836 |
| 6.467% due 08/25/2067 þ  | 3547 | 3564 |
| 7.256% due 12/25/2067 ~  | 7516 | 7492 |
| **COMM Mortgage Trust** <br>3.545% due 02/10/2036 | 3800 | 3735 |
| **Countrywide Alternative Loan Resecuritization Trust** <br>6.000% due 08/25/2037 ~ | 361 | 167 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 3.662% due 08/25/2035 ~  | 1768 | 1688 |
| 4.612% due 02/20/2047 •  | 1126 | 904 |
| 4.627% due 12/20/2046 •  | 5120 | 4477 |
| 4.734% due 10/25/2035 •  | 1976 | 717 |
| 4.754% due 02/25/2047 •  | 4286 | 4190 |
| 4.814% due 07/25/2046 •  | 7009 | 6321 |
| 4.814% due 09/25/2046 •  | 172 | 167 |
| 4.832% due 07/20/2046 •  | 375 | 319 |
| 4.834% due 06/25/2037 •  | 490 | 452 |
| 4.852% due 03/20/2046 •  | 185 | 171 |
| 4.854% due 06/25/2046 •  | 1147 | 914 |
| 4.934% due 05/25/2035 •  | 169 | 144 |
| 4.934% due 06/25/2035 •  | 1160 | 1108 |
| 4.974% due 02/25/2036 •  | 61 | 52 |
| 4.994% due 12/25/2035 •  | 307 | 281 |
| 5.014% due 02/25/2036 •  | 169 | 153 |
| 5.073% due 05/25/2035 ~  | 87 | 73 |
| 5.076% due 11/20/2035 •  | 100 | 94 |
| 5.094% due 10/25/2035 •  | 2518 | 1668 |
| 5.134% due 01/25/2046 •  | 798 | 660 |
| 5.144% due 02/25/2036 ~  | 1154 | 1073 |
| 5.194% due 12/25/2035 •  | 4180 | 3566 |
| 5.239% due 03/25/2047 •  | 1591 | 1355 |
| 5.366% due 12/25/2034 ~  | 1303 | 1266 |
| 5.399% due 02/25/2036 •  | 402 | 366 |
| 5.500% due 04/25/2035  | 769 | 532 |
| 5.500% due 11/25/2035  | 711 | 391 |
| 5.500% due 03/25/2036  | 62 | 25 |
| 5.649% due 11/25/2047 •  | 2517 | 2238 |
| 5.750% due 03/25/2037 •  | 239 | 124 |
| 5.750% due 04/25/2047  | 340 | 176 |
| 5.779% due 11/25/2047 •  | 4591 | 4081 |
| 5.974% due 11/25/2035 •  | 1432 | 1291 |
| 6.000% due 03/25/2037  | 913 | 459 |
| 6.000% due 04/25/2037  | 2990 | 1551 |
| 6.250% due 12/25/2033  | 10 | 11 |
| 6.250% due 07/25/2036  | 3697 | 1026 |
| 6.500% due 11/25/2031  | 13 | 13 |
| 6.500% due 06/25/2036  | 3219 | 1478 |
| 7.000% due 10/25/2035  | 3000 | 1533 |
| **Countrywide Home Loan Mortgage Pass-Through Trust**  |  |  |
| 3.884% due 07/19/2033 ~  | 43 | 42 |
| 4.405% due 05/19/2033 ~  | 6 | 5 |
| 4.491% due 04/25/2035 ~  | 270 | 234 |
| 4.580% due 07/19/2033 ~  | 772 | 690 |
| 4.843% due 01/20/2035 ~  | 1688 | 1588 |
| 4.914% due 03/25/2036 •  | 8322 | 7773 |
| 4.925% due 01/25/2036 ~  | 15 | 14 |
| 4.934% due 03/25/2036 •  | 5142 | 4650 |
| 5.014% due 04/25/2035 •  | 5 | 5 |
| 5.029% due 03/20/2036 ~  | 3104 | 2779 |
| 5.034% due 03/25/2035 •  | 23 | 13 |
| 5.054% due 03/25/2035 •  | 17 | 15 |
| 5.055% due 06/20/2036 ~  | 568 | 509 |
| 5.074% due 03/25/2035 •  | 1452 | 1409 |
| 5.085% due 05/20/2035 ~  | 1444 | 949 |
| 5.114% due 02/25/2035 •  | 37 | 35 |
| 5.122% due 02/20/2036 ~  | 318 | 278 |
| 5.134% due 02/25/2035 •  | 294 | 267 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.134% due 05/25/2035 •  | 1113 | 820 |
| 5.138% due 11/25/2034 ~  | 1063 | 671 |
| 5.214% due 02/25/2035 •  | 53 | 50 |
| 5.354% due 09/25/2034 •  | 130 | 113 |
| 5.395% due 02/20/2035 ~  | 18 | 18 |
| 5.500% due 06/25/2034  | 1569 | 1242 |
| 5.500% due 06/25/2035  | 3486 | 1886 |
| 5.500% due 05/25/2036  | 1008 | 874 |
| 5.750% due 12/25/2035  | 962 | 455 |
| 5.750% due 02/25/2036  | 3467 | 1563 |
| 6.000% due 03/25/2037  | 3063 | 1362 |
| 6.000% due 11/25/2037  | 68 | 29 |
| 6.093% due 12/19/2033 ~  | 201 | 197 |
| 6.182% due 06/20/2034 ~  | 1160 | 1080 |
| 6.248% due 02/20/2036 •  | 605 | 560 |
| 6.305% due 06/19/2031 ~  | 1 | 1 |
| 6.609% due 02/19/2034 ~  | 5 | 5 |
| 6.662% due 02/20/2036 •  | 33 | 29 |
| 6.741% due 02/25/2034 ~  | 5 | 5 |
| 6.897% due 02/19/2034 ~  | 6 | 5 |
| **Credit Suisse First Boston Mortgage Securities Corp.**  |  |  |
| 2.664% due 12/25/2032 ~  | 26 | 21 |
| 4.630% due 12/25/2033 ~  | 79 | 79 |
| 5.063% due 03/25/2032 ~  | 41 | 39 |
| 5.584% due 09/25/2034 •  | 206 | 382 |
| 5.695% due 06/25/2033 ~  | 83 | 80 |
| 5.750% due 04/25/2033  | 4 | 4 |
| 6.250% due 07/25/2035  | 104 | 107 |
| 6.318% due 08/25/2033 ~  | 750 | 692 |
| 6.434% due 03/25/2034 •  | 1115 | 758 |
| 7.000% due 02/25/2033  | 8 | 8 |
| **Credit Suisse First Boston Mortgage-Backed Pass-Through Certificates**  |  |  |
| 5.500% due 11/25/2035  | 118 | 86 |
| 6.846% due 10/25/2033 ~  | 1193 | 1092 |
| 7.210% due 10/25/2033 ~  | 21 | 20 |
| **Credit Suisse First Boston Mortgage-Backed Trust** <br>5.634% due 10/25/2034 •  | 1837 | 1727 |
| **Credit Suisse Mortgage Capital Mortgage-Backed Trust**  |  |  |
| 2.000% due 01/25/2060 ~  | 5599 | 4959 |
| 2.000% due 10/25/2060 ~  | 5662 | 5124 |
| 2.750% due 01/25/2060  | 9795 | 7392 |
| 2.750% due 01/25/2060 ~  | 5626 | 4265 |
| 2.974% due 07/25/2057 ~  | 1000 | 855 |
| 3.250% due 01/25/2060  | 7373 | 5477 |
| 3.250% due 01/25/2060 ~  | 3775 | 2785 |
| 3.375% due 01/25/2060  | 1000 | 812 |
| 3.595% due 01/25/2060 ~  | 3343 | 2229 |
| 3.784% due 02/25/2061 ~  | 4595 | 4554 |
| 3.844% due 04/28/2037 ~  | 209 | 193 |
| 3.904% due 04/25/2062 ~  | 5011 | 4772 |
| 3.962% due 09/25/2057 ~  | 1300 | 1229 |
| 4.197% due 07/27/2061 ~  | 8452 | 8383 |
| 4.456% due 02/27/2036 ~  | 3675 | 2356 |
| 5.500% due 04/25/2036  | 460 | 299 |
| 5.750% due 12/26/2035  | 161 | 93 |
| 6.250% due 05/26/2048  | 5701 | 4727 |
| 6.276% due 10/15/2037 •  | 1000 | 994 |
| 6.421% due 10/25/2037 ~  | 174 | 101 |
| **Cross Mortgage Trust**  |  |  |
| 5.129% due 09/25/2069 ~  | 6957 | 6937 |
| 5.549% due 12/25/2069 ~  | 950 | 955 |
| 6.093% due 04/25/2069 þ  | 1973 | 1988 |
| 6.147% due 07/25/2069 þ  | 20182 | 20377 |
| 6.272% due 06/25/2069 þ  | 2839 | 2872 |
| 6.615% due 03/25/2068 þ  | 1445 | 1456 |
| **DC Commercial Mortgage Trust** <br>6.314% due 09/12/2040 | 1200 | 1253 |
| **DC Office Trust** <br>2.965% due 09/15/2045 | 2205 | 2010 |
| **Deephaven Residential Mortgage Trust** <br>4.300% due 03/25/2067 ~ | 1520 | 1472 |
| **Deutsche Alt-A Securities Mortgage Loan Trust**  |  |  |
| 4.794% due 01/25/2047 •  | 3402 | 3111 |
| 5.074% due 08/25/2047 •  | 4074 | 2981 |
| **DSLA Mortgage Loan Trust**  |  |  |
| 5.032% due 08/19/2045 •  | 345 | 217 |
| 5.339% due 04/19/2046 •  | 225 | 184 |
| **Ellington Financial Mortgage Trust**  |  |  |
| 5.522% due 01/26/2060 þ  | 919 | 925 |
| 5.655% due 02/25/2060 þ  | 1742 | 1757 |
| 5.726% due 01/25/2060 þ  | 1052 | 1062 |
| **Extended Stay America Trust** <br>5.506% due 07/15/2038 •  | 49748 | 49792 |
| **First Horizon Alternative Mortgage Securities Trust**  |  |  |
| 3.000% due 04/25/2036 ~  | 384 | 353 |
| 4.599% due 09/25/2035 ~  | 427 | 181 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.649% due 03/25/2035 ~  | 73 | 42 |
| 4.811% due 02/25/2037 ~  | 1025 | 702 |
| 5.151% due 09/25/2034 ~  | 161 | 164 |
| 5.365% due 12/25/2035 ~  | 361 | 274 |
| 5.400% due 07/25/2035 ~  | 2332 | 2202 |
| 5.876% due 06/25/2034 ~  | 502 | 503 |
| **First Horizon Asset Securities, Inc.**  |  |  |
| 4.996% due 01/25/2036 ~  | 1392 | 711 |
| 5.263% due 01/25/2036 ~  | 375 | 335 |
| **First Horizon Mortgage Pass-Through Trust** <br>5.257% due 10/25/2035 ~ | 1194 | 1101 |
| **GCAT Trust**  |  |  |
| 3.450% due 10/25/2068 ~  | 1500 | 1401 |
| 4.250% due 05/25/2067 ~  | 15089 | 14351 |
| 6.007% due 01/25/2059 þ  | 858 | 862 |
| 6.085% due 06/25/2059 þ  | 1274 | 1286 |
| **GMACM Mortgage Loan Trust**  |  |  |
| 4.292% due 05/25/2035 ~  | 717 | 668 |
| 4.835% due 09/19/2035 ~  | 766 | 630 |
| 7.500% due 05/25/2035 ~  | 5 | 5 |
| **GreenPoint Mortgage Funding Trust**  |  |  |
| 4.854% due 04/25/2036 •  | 83 | 74 |
| 5.319% due 07/25/2035 •  | 5062 | 4755 |
| **GreenPoint MTA Trust** <br>4.894% due 06/25/2045 •  | 6425 | 5086 |
| **GS Mortgage Securities Corp. Resecuritization Trust** <br>5.051% due 11/26/2037 | 11896 | 11226 |
| **GS Mortgage Securities Corp. Trust**  |  |  |
| 3.104% due 05/10/2034  | 15900 | 8755 |
| 5.680% due 12/15/2036 •  | 4156 | 4149 |
| **GS Mortgage Securities Trust** <br>3.621% due 10/10/2035 | 2000 | 1990 |
| **GS Mortgage-Backed Securities Corp. Trust** <br>2.000% due 12/25/2060 ~ | 1100 | 953 |
| **GS Mortgage-Backed Securities Trust**  |  |  |
| 3.750% due 07/25/2061 ~  | 2183 | 2128 |
| 4.100% due 07/25/2065  | 4900 | 4717 |
| **GSAA Trust** <br>5.986% due 11/25/2033 þ | 392 | 362 |
| **GSC Capital Corp. Mortgage Trust** <br>4.794% due 05/25/2036 •  | 612 | 587 |
| **GSMPS Mortgage Loan Trust**  |  |  |
| 4.784% due 09/25/2035 •  | 13551 | 11664 |
| 4.784% due 01/25/2036 •  | 16967 | 13728 |
| 7.000% due 06/25/2043  | 292 | 308 |
| 8.000% due 09/19/2027 ~  | 134 | 130 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.729% due 01/25/2036 ~  | 90 | 85 |
| 4.772% due 06/25/2034 ~  | 612 | 552 |
| 4.784% due 01/25/2034 •  | 1 | 1 |
| 4.934% due 07/25/2035 •  | 296 | 264 |
| 5.068% due 12/25/2034 ~  | 966 | 127 |
| 5.283% due 04/25/2035 ~  | 234 | 221 |
| 5.743% due 09/25/2035 ~  | 2458 | 2029 |
| 6.000% due 03/25/2032  | 5 | 5 |
| 6.415% due 01/25/2034 ~  | 977 | 757 |
| 6.562% due 09/25/2035 ~  | 6 | 6 |
| 7.635% due 04/25/2035 ~  | 179 | 175 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.306% due 06/19/2036 ~  | 684 | 280 |
| 4.787% due 06/19/2045 •  | 219 | 100 |
| 4.812% due 01/19/2038 •  | 18818 | 16524 |
| 4.812% due 02/19/2046 •  | 165 | 154 |
| 4.842% due 12/19/2036 •  | 888 | 697 |
| 4.872% due 05/19/2035 •  | 492 | 473 |
| 4.912% due 06/19/2035 •  | 2842 | 2777 |
| 4.912% due 01/19/2036 •  | 20 | 20 |
| 4.912% due 03/19/2036 •  | 4848 | 4435 |
| 4.912% due 12/19/2036 •  | 5969 | 5636 |
| 5.132% due 01/19/2035 •  | 10 | 9 |
| 5.332% due 06/20/2035 •  | 109 | 103 |
| 5.485% due 08/19/2034 ~  | 47 | 44 |
| 5.599% due 08/19/2034 ~  | 636 | 456 |
| 5.729% due 11/19/2034 ~  | 3 | 3 |
| 6.157% due 06/20/2035 •  | 2194 | 1727 |
| **Hilton USA Trust**  |  |  |
| 2.828% due 11/05/2035  | 6500 | 5528 |
| 3.719% due 11/05/2038  | 1000 | 984 |
| **HomeBanc Mortgage Trust**  |  |  |
| 5.124% due 03/25/2035 •  | 106 | 87 |
| 5.169% due 10/25/2035 •  | 6940 | 6934 |
| **HSI Asset Loan Obligation Trust** <br>6.000% due 09/25/2037 | 1192 | 373 |
| **Impac Secured Assets Trust**  |  |  |
| 4.654% due 05/25/2037 •  | 3210 | 2662 |
| 4.704% due 07/25/2035 •  | 845 | 535 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.744% due 07/25/2035 •  | 799 | 513 |
| 5.134% due 05/25/2036 •  | 11 | 10 |
| 5.436% due 03/25/2034  | 317 | 297 |
| 6.324% due 07/25/2035 ~  | 1170 | 729 |
| **IndyMac Adjustable Rate Mortgage Trust** <br>6.636% due 01/25/2032 ~ | 2 | 2 |
| **IndyMac INDA Mortgage Loan Trust**  |  |  |
| 3.201% due 11/25/2035 ~  | 1318 | 1001 |
| 5.506% due 01/25/2036 ~  | 302 | 286 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 2.853% due 06/25/2036 ~  | 404 | 322 |
| 3.345% due 06/25/2035 ~  | 2749 | 2151 |
| 3.421% due 06/25/2036 ~  | 1517 | 942 |
| 3.429% due 06/25/2036 ~  | 2598 | 2040 |
| 3.446% due 06/25/2036 ~  | 720 | 625 |
| 3.677% due 02/25/2036 ~  | 2899 | 2087 |
| 3.772% due 05/25/2035 ~  | 1237 | 1096 |
| 3.775% due 02/25/2036 ~  | 2003 | 1585 |
| 3.790% due 07/25/2035 ~  | 837 | 769 |
| 4.132% due 01/25/2036 ~  | 2949 | 2675 |
| 4.263% due 06/25/2034 ~(a)  | 1217 | 991 |
| 4.629% due 09/25/2035 ~  | 7201 | 4876 |
| 4.670% due 07/25/2037 ~  | 2484 | 1044 |
| 4.674% due 07/25/2036 •  | 11662 | 11399 |
| 4.734% due 06/25/2037 •  | 101 | 36 |
| 4.774% due 11/25/2036 •  | 147 | 145 |
| 4.794% due 07/25/2037 •  | 5125 | 4708 |
| 4.794% due 08/25/2037 •  | 2873 | 2639 |
| 4.814% due 09/25/2046 •  | 300 | 271 |
| 4.914% due 04/25/2035 •  | 80 | 66 |
| 4.994% due 03/25/2035 •  | 5 | 5 |
| 5.074% due 02/25/2035 •  | 446 | 412 |
| 5.074% due 07/25/2045 •  | 2938 | 2335 |
| 5.174% due 07/25/2045 •  | 606 | 456 |
| 5.234% due 11/25/2034 •  | 2003 | 1855 |
| 5.654% due 09/25/2034 •  | 57 | 46 |
| **JP Morgan Alternative Loan Trust**  |  |  |
| 4.914% due 07/25/2036 •  | 12411 | 11348 |
| 4.914% due 11/25/2036 •  | 3021 | 2579 |
| 4.939% due 06/27/2037 •  | 1006 | 606 |
| 4.994% due 06/25/2037 •  | 30834 | 11533 |
| 5.888% due 06/27/2037 ~  | 13532 | 6548 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 2.287% due 03/05/2042  | 18200 | 16810 |
| 2.713% due 08/15/2049  | 1349 | 1342 |
| 3.648% due 12/15/2049 ~  | 300 | 295 |
| 4.549% due 07/05/2033  | 23176 | 18552 |
| 5.409% due 02/15/2035 •  | 5681 | 5591 |
| 5.691% due 11/15/2038 •  | 7000 | 6969 |
| 5.805% due 07/05/2033 •  | 3239 | 2824 |
| 5.809% due 12/15/2031 •  | 413 | 412 |
| **JP Morgan Mortgage Trust**  |  |  |
| 0.000% due 04/25/2037 ~  | 433 | 226 |
| 4.428% due 10/25/2036 ~  | 1084 | 611 |
| 4.625% due 07/25/2063 ~  | 1198 | 1167 |
| 4.914% due 08/25/2037 •  | 2369 | 756 |
| 4.958% due 06/25/2035 ~  | 792 | 652 |
| 5.000% due 07/25/2036  | 210 | 80 |
| 5.250% due 11/25/2063 ~  | 787 | 787 |
| 5.555% due 03/25/2055 •  | 4911 | 4915 |
| 5.620% due 10/25/2035 ~  | 23 | 16 |
| 5.655% due 02/25/2055 •  | 3566 | 3583 |
| 5.775% due 10/25/2035 ~  | 162 | 153 |
| 5.990% due 07/25/2064 ~  | 1168 | 1176 |
| 6.071% due 06/25/2035 ~  | 40 | 32 |
| 6.931% due 08/25/2034 ~  | 783 | 750 |
| 7.700% due 08/25/2036  | 32 | 13 |
| **JP Morgan Seasoned Mortgage Trust**  |  |  |
| 3.700% due 01/25/2063 ~  | 4000 | 3751 |
| 4.446% due 01/25/2063 ~  | 953 | 915 |
| **Legacy Mortgage Asset Trust**  |  |  |
| 4.650% due 11/25/2060  | 1584 | 1585 |
| 5.250% due 07/25/2067  | 1810 | 1807 |
| 5.750% due 07/25/2061  | 6947 | 6930 |
| 5.892% due 10/25/2066  | 1723 | 1724 |
| **Lehman Mortgage Trust** <br>5.500% due 02/25/2036 | 200 | 93 |
| **Lehman XS Trust**  |  |  |
| 4.794% due 11/25/2035 •  | 3322 | 3351 |
| 4.974% due 12/25/2035 •  | 2574 | 2399 |
| **Luminent Mortgage Trust** <br>4.854% due 05/25/2036 •  | 1892 | 1672 |
| **LUX** <br>7.002% due 08/15/2040 •  | 2800 | 2823 |
| **Manhattan West Mortgage Trust** <br>2.130% due 09/10/2039 | 3400 | 3217 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **MASTR** **Adjustable Rate Mortgages Trust**  |  |  |
| 3.678% due 07/25/2034 ~  | 630 | 568 |
| 4.564% due 02/25/2034 ~  | 1078 | 950 |
| 4.734% due 03/25/2047 •  | 5196 | 4714 |
| 4.764% due 12/25/2034 •  | 176 | 164 |
| 5.008% due 05/25/2034 ~  | 826 | 510 |
| 5.452% due 07/25/2035 ~  | 9039 | 4535 |
| 5.534% due 09/25/2037 •  | 3359 | 1344 |
| 6.500% due 12/25/2033 ~  | 3 | 3 |
| 6.731% due 12/21/2034 ~  | 29 | 28 |
| **MASTR Alternative Loan Trust**  |  |  |
| 5.500% due 04/25/2035  | 555 | 506 |
| 6.168% due 06/25/2033 ~  | 220 | 142 |
| **MASTR Asset Securitization Trust** <br>5.500% due 03/25/2034 | 560 | 458 |
| **MASTR Seasoned Securitization Trust** <br>6.500% due 08/25/2032 | 1796 | 271 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Certificates** <br>5.126% due 11/15/2031 •  | 12 | 12 |
| **Merrill Lynch Alternative Note Asset Trust** <br>5.750% due 05/25/2037 | 78 | 75 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 5.054% due 08/25/2028 •  | 1 | 1 |
| 5.074% due 10/25/2028 •  | 38 | 36 |
| 5.094% due 06/25/2028 •  | 1 | 1 |
| 5.154% due 04/25/2035 ~  | 6 | 5 |
| 5.154% due 08/25/2035 •  | 12000 | 11239 |
| 5.174% due 03/25/2028 •  | 2 | 2 |
| 5.205% due 05/25/2036 ~  | 219 | 204 |
| 5.439% due 09/25/2029 •  | 449 | 437 |
| 5.634% due 03/25/2028 •  | 168 | 129 |
| 5.926% due 08/25/2033 ~  | 12 | 0 |
| 6.028% due 11/25/2035 •  | 2681 | 2599 |
| 6.029% due 05/25/2036 ~  | 4773 | 4314 |
| **MFA Trust**  |  |  |
| 1.947% due 04/25/2065 ~  | 204 | 198 |
| 2.855% due 07/25/2060 ~  | 500 | 414 |
| 3.300% due 08/25/2061 ~  | 7772 | 7338 |
| 4.400% due 03/25/2068 þ  | 4877 | 4846 |
| 6.105% due 12/25/2068 þ  | 13713 | 13792 |
| 6.775% due 10/25/2058 þ  | 1171 | 1185 |
| **Mill City Mortgage Loan Trust**  |  |  |
| 1.850% due 11/25/2060 ~  | 8550 | 7729 |
| 2.500% due 11/25/2060 ~  | 5358 | 4602 |
| 3.250% due 01/25/2061 ~  | 97 | 81 |
| 3.953% due 11/25/2058 ~  | 1000 | 844 |
| **Mill City Mortgage Trust** <br>3.708% due 09/25/2057 ~ | 64 | 63 |
| **Morgan Stanley Capital Trust** <br>5.426% due 05/15/2036 •  | 5347 | 3369 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 0.000% due 11/25/2037 ~  | 1364 | 115 |
| 3.379% due 10/25/2037 ~  | 2366 | 1350 |
| 4.684% due 03/25/2036 •  | 1960 | 1283 |
| 4.694% due 03/25/2036 •  | 7708 | 5048 |
| 5.334% due 02/25/2036 •  | 180 | 170 |
| 5.697% due 10/25/2034 ~  | 12 | 11 |
| **Morgan Stanley Resecuritization Trust** <br>3.381% due 06/26/2047 •  | 11170 | 10013 |
| **Morgan Stanley Residential Mortgage Loan Trust** <br>4.000% due 06/25/2064 | 2147 | 2080 |
| **MTN Commercial Mortgage Trust** <br>5.717% due 03/15/2039 •  | 6165 | 6165 |
| **NAAC Reperforming Loan REMIC Trust** <br>7.500% due 03/25/2034 | 275 | 258 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 13459 | 12931 |
| 3.000% due 07/25/2059 ~  | 1000 | 916 |
| 3.250% due 02/25/2059 ~  | 5834 | 5678 |
| 3.500% due 12/25/2057 ~  | 278 | 270 |
| 4.000% due 02/25/2057 ~  | 14825 | 14427 |
| 4.500% due 05/25/2058 ~  | 417 | 409 |
| **New York Mortgage Trust Loan Trust**  |  |  |
| 3.215% due 07/25/2061  | 250 | 217 |
| 3.514% due 07/25/2061  | 2000 | 1709 |
| 3.750% due 02/25/2068 ~  | 871 | 806 |
| 4.670% due 08/25/2061 þ  | 1906 | 1893 |
| 5.379% due 06/25/2069 ~  | 1127 | 1127 |
| **NLT Trust** <br>3.200% due 10/25/2062 ~ | 11354 | 10369 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust**  |  |  |
| 5.534% due 08/25/2034 •  | 627 | 715 |
| 5.754% due 10/25/2034  | 6703 | 6640 |
| 6.159% due 05/25/2036 ~  | 201 | 36 |
| **NYO Commercial Mortgage Trust** <br>5.521% due 11/15/2038 •  | 3865 | 3860 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **OBX** **Trust**  |  |  |
| 3.646% due 03/25/2053 ~  | 3285 | 3238 |
| 3.677% due 04/25/2053 ~  | 5086 | 5081 |
| 5.110% due 08/25/2062 þ  | 1230 | 1224 |
| 5.949% due 02/25/2063 þ  | 5348 | 5358 |
| 6.030% due 01/25/2064 þ  | 1946 | 1964 |
| 6.100% due 09/25/2062 þ  | 13217 | 13190 |
| 6.113% due 03/25/2063 þ  | 2555 | 2564 |
| 6.233% due 05/25/2064 þ  | 1430 | 1446 |
| 6.465% due 10/25/2063 þ  | 2099 | 2118 |
| 6.520% due 07/25/2063 þ  | 1458 | 1470 |
| 6.567% due 06/25/2063 þ  | 2303 | 2322 |
| 6.844% due 04/25/2063 þ  | 905 | 917 |
| 7.045% due 09/25/2063 þ  | 1711 | 1737 |
| 7.159% due 10/25/2063 þ  | 2983 | 3035 |
| **Oceanview Mortgage Trust** <br>5.105% due 11/25/2054 •  | 1640 | 1635 |
| **One Market Plaza Trust** <br>3.614% due 02/10/2032 | 2337 | 2236 |
| **One New York Plaza Trust** <br>5.376% due 01/15/2036 •  | 9700 | 9435 |
| **ONE Park Mortgage Trust** <br>5.126% due 03/15/2036 •  | 2600 | 2554 |
| **OPEN Trust** <br>7.401% due 11/15/2040 •  | 1930 | 1935 |
| **PRET LLC** <br>5.963% due 11/25/2054 þ | 2571 | 2574 |
| **PRET Trust**  |  |  |
| 3.900% due 10/25/2063 ~  | 985 | 950 |
| 4.000% due 08/25/2064 þ  | 974 | 943 |
| 4.000% due 07/25/2069 þ  | 954 | 925 |
| 4.075% due 06/25/2064 ~  | 917 | 876 |
| 4.150% due 04/25/2065 þ  | 3077 | 2966 |
| **Prime Mortgage Trust**  |  |  |
| 3.860% due 10/25/2032 ~  | 408 | 363 |
| 5.250% due 06/25/2033  | 324 | 318 |
| **PRKCM Trust**  |  |  |
| 6.333% due 03/25/2059 þ  | 1362 | 1374 |
| 6.431% due 05/25/2059 þ  | 747 | 756 |
| 6.584% due 09/25/2058 þ  | 1944 | 1963 |
| 7.225% due 11/25/2058 þ  | 1084 | 1101 |
| **PRPM LLC**  |  |  |
| 3.750% due 03/25/2054 þ  | 819 | 798 |
| 3.750% due 04/25/2055 þ  | 1276 | 1234 |
| 4.000% due 11/25/2053 þ  | 368 | 362 |
| 4.000% due 01/25/2054 þ  | 812 | 796 |
| 4.000% due 05/25/2054 þ  | 761 | 747 |
| 4.000% due 07/25/2054 þ  | 778 | 763 |
| 4.000% due 10/25/2054 þ  | 899 | 878 |
| 4.000% due 11/25/2054 þ  | 1869 | 1815 |
| 4.000% due 10/25/2064 þ  | 4706 | 4577 |
| 4.200% due 12/25/2064 þ  | 867 | 848 |
| 4.500% due 02/25/2055 þ  | 940 | 928 |
| 5.228% due 08/25/2069 þ  | 7349 | 7339 |
| 5.250% due 07/25/2055 ~  | 1100 | 1099 |
| 5.699% due 11/25/2029 þ  | 928 | 931 |
| 5.870% due 11/25/2029 þ  | 2312 | 2313 |
| 5.897% due 12/25/2029 þ  | 1460 | 1451 |
| 6.179% due 06/25/2030 þ  | 2700 | 2724 |
| 6.255% due 05/25/2030 þ  | 993 | 999 |
| 6.414% due 08/25/2029 þ  | 873 | 875 |
| 7.026% due 03/25/2029 þ  | 4537 | 4549 |
| **PRPM Trust**  |  |  |
| 5.674% due 12/26/2069 þ  | 4091 | 4100 |
| 5.802% due 11/25/2069 þ  | 3092 | 3119 |
| 6.221% due 11/25/2068 þ  | 5729 | 5766 |
| 6.250% due 08/25/2068 þ  | 1829 | 1839 |
| 6.265% due 12/25/2068 þ  | 760 | 767 |
| 6.327% due 06/25/2069 þ  | 17314 | 17636 |
| **RCKT Mortgage Trust**  |  |  |
| 5.158% due 10/25/2044 þ  | 3228 | 3221 |
| 5.472% due 06/25/2055 «þ  | 6700 | 6733 |
| 5.553% due 03/25/2055 þ  | 4222 | 4250 |
| 5.582% due 12/25/2044 þ  | 3778 | 3797 |
| 5.653% due 01/25/2045 þ  | 4007 | 4034 |
| 5.846% due 08/25/2044 þ  | 41008 | 41238 |
| 6.808% due 09/25/2043 ~  | 609 | 616 |
| **Residential Accredit Loans, Inc. Trust**  |  |  |
| 4.794% due 11/25/2036 •  | 5987 | 3144 |
| 4.814% due 07/25/2036 •  | 4867 | 4468 |
| 4.814% due 08/25/2036 •  | 4254 | 4286 |
| 4.814% due 04/25/2046 •  | 947 | 884 |
| 4.834% due 10/25/2046 •  | 4985 | 4795 |
| 4.920% due 02/25/2035 ~  | 422 | 376 |
| 5.397% due 10/25/2037 ~  | 725 | 584 |
| 5.504% due 12/25/2035 ~  | 603 | 529 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.832% due 09/25/2034 ~  | 2 | 2 |
| 6.000% due 12/25/2035  | 2263 | 1963 |
| 6.155% due 12/26/2034 ~  | 124 | 79 |
| 6.500% due 10/25/2036  | 17107 | 14884 |
| **Residential Asset Securitization Trust**  |  |  |
| 4.784% due 10/25/2048  | 2 | 2 |
| 4.884% due 02/25/2034 •  | 13 | 12 |
| 4.884% due 04/25/2035 •  | 3246 | 1657 |
| 4.934% due 08/25/2036 •  | 2727 | 879 |
| 6.000% due 08/25/2036  | 6009 | 2637 |
| 6.250% due 08/25/2036  | 1752 | 1144 |
| 6.500% due 04/25/2037  | 4348 | 1158 |
| **Residential Funding Mortgage Securities, Inc. Trust**  |  |  |
| 3.200% due 02/25/2037 ~  | 200 | 172 |
| 3.642% due 06/25/2035 ~  | 1531 | 845 |
| 5.541% due 09/25/2035 ~  | 4254 | 2437 |
| 5.548% due 02/25/2036 ~  | 64 | 62 |
| 6.000% due 02/25/2037 ~  | 493 | 436 |
| 6.000% due 04/25/2037  | 82 | 63 |
| 6.097% due 02/25/2036 ~  | 30 | 28 |
| 6.365% due 10/25/2037 ~  | 1031 | 1009 |
| **RiverView HECM Trust** <br>4.500% due 05/25/2047 •« | 2065 | 1848 |
| **SACO, Inc.** <br>7.000% due 08/25/2036 | 2 | 2 |
| **Santander Mortgage Asset Receivable Trust** <br>5.545% due 01/25/2065 | 950 | 954 |
| **Sequoia Mortgage Trust**  |  |  |
| 4.407% due 06/20/2034 ~  | 31 | 29 |
| 4.466% due 11/25/2063 ~  | 6807 | 6880 |
| 4.731% due 01/20/2047 ~  | 271 | 193 |
| 4.892% due 02/20/2035 •  | 274 | 261 |
| 5.052% due 11/20/2034 •  | 12 | 11 |
| 5.076% due 05/20/2034 •  | 119 | 112 |
| 5.132% due 10/19/2026 •  | 9 | 9 |
| 5.192% due 10/20/2027 •  | 1 | 1 |
| 5.232% due 10/20/2027 •  | 2 | 2 |
| 5.290% due 02/20/2034 •  | 39 | 35 |
| 5.792% due 10/20/2027 •  | 45 | 45 |
| 5.800% due 08/20/2034 ~  | 28 | 27 |
| 6.296% due 09/20/2032 ~  | 9 | 8 |
| **SFO Commercial Mortgage Trust** <br>5.576% due 05/15/2038 •  | 1800 | 1793 |
| **SG Commercial Mortgage Securities Trust** <br>2.895% due 10/10/2048 | 196 | 195 |
| **SG Residential Mortgage Trust** <br>5.353% due 08/25/2062 | 13050 | 13034 |
| **SMRT Commercial Mortgage Trust** <br>5.312% due 01/15/2039 •  | 25570 | 25486 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 3.893% due 05/25/2036 ~  | 2323 | 1329 |
| 4.073% due 02/25/2036 ~  | 52 | 44 |
| 4.814% due 07/25/2037 •  | 4391 | 4110 |
| 5.037% due 07/25/2035 ~  | 24 | 21 |
| 5.105% due 04/25/2035 ~  | 32 | 28 |
| 5.169% due 06/25/2034 •  | 143 | 138 |
| 5.221% due 09/25/2034 ~  | 285 | 278 |
| 5.799% due 01/25/2035 •  | 276 | 249 |
| 5.799% due 05/25/2035 •  | 319 | 253 |
| 6.174% due 04/25/2034 ~  | 1 | 1 |
| 6.525% due 02/25/2034 ~  | 16 | 16 |
| **Structured Asset Mortgage Investments Trust**  |  |  |
| 4.734% due 02/25/2037 •  | 705 | 675 |
| 4.814% due 09/25/2047 •  | 7117 | 6624 |
| 4.974% due 08/25/2035 •  | 3534 | 3373 |
| 4.994% due 02/25/2036 •  | 88 | 74 |
| 5.032% due 07/19/2034 •  | 170 | 157 |
| 5.054% due 12/25/2035 •  | 10933 | 9164 |
| 5.132% due 03/19/2034 •  | 63 | 59 |
| 5.272% due 10/19/2033 •  | 31 | 29 |
| 5.332% due 11/19/2033 •  | 651 | 590 |
| 5.632% due 10/19/2033 •  | 707 | 726 |
| **Structured Asset Mortgage Investments, Inc.** <br>6.750% due 05/02/2030 ~ | 63 | 0 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 4.724% due 10/25/2036 •  | 180 | 151 |
| 7.500% due 10/25/2036  | 1013 | 579 |
| **SunTrust Adjustable Rate Mortgage Loan Trust**  |  |  |
| 6.715% due 01/25/2037 ~  | 77 | 55 |
| 7.153% due 01/25/2037 ~  | 823 | 821 |
| **TBW Mortgage-Backed Pass-Through Certificates** <br>6.500% due 04/25/2036 | 1260 | 400 |
| **TBW Mortgage-Backed Trust**  |  |  |
| 6.500% due 07/25/2036  | 5765 | 1909 |
| 7.000% due 07/25/2036  | 863 | 242 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Thornburg** **Mortgage Securities Trust**  |  |  |
| 4.400% due 09/25/2037 ~  | 731 | 727 |
| 4.918% due 09/25/2037 ~  | 14206 | 8047 |
| **Towd Point Mortgage Trust**  |  |  |
| 1.636% due 04/25/2060 ~  | 31481 | 28626 |
| 2.250% due 12/25/2061 ~  | 5090 | 4931 |
| 2.710% due 01/25/2060 ~  | 23745 | 22814 |
| 2.750% due 06/25/2057 ~  | 3281 | 3200 |
| 2.900% due 10/25/2059 ~  | 9037 | 8684 |
| 3.000% due 10/25/2057 ~  | 1000 | 956 |
| 3.250% due 07/25/2056 ~  | 563 | 556 |
| 4.097% due 04/25/2056 ~  | 1000 | 937 |
| 4.435% due 10/27/2064 ~  | 6507 | 6541 |
| 4.518% due 10/25/2064 ~  | 11299 | 11291 |
| 5.107% due 07/25/2065 ~  | 820 | 837 |
| 5.434% due 10/25/2059 •  | 236 | 238 |
| 5.725% due 11/25/2064  | 3018 | 3035 |
| 6.134% due 10/25/2059 •  | 11615 | 11888 |
| **TTAN** <br>5.276% due 03/15/2038 •  | 1538 | 1539 |
| **Verus Securitization Trust**  |  |  |
| 0.820% due 10/25/2063 ~  | 714 | 690 |
| 1.057% due 10/25/2063 ~  | 19 | 19 |
| 1.262% due 10/25/2063 ~  | 29 | 28 |
| 4.130% due 02/25/2067  | 6115 | 5857 |
| 4.260% due 02/25/2067  | 1272 | 1217 |
| 5.041% due 08/25/2067  | 715 | 712 |
| 5.218% due 09/25/2069 ~  | 2218 | 2218 |
| 5.811% due 05/25/2068  | 1953 | 1956 |
| 5.999% due 02/25/2068  | 892 | 893 |
| 6.116% due 03/25/2069  | 11457 | 11570 |
| 6.192% due 06/25/2069 þ  | 2735 | 2764 |
| 6.218% due 06/25/2069 þ  | 2086 | 2110 |
| 6.338% due 04/25/2069  | 1561 | 1579 |
| 6.443% due 08/25/2068  | 1461 | 1472 |
| 6.476% due 06/25/2068  | 901 | 907 |
| 6.665% due 09/25/2068 þ  | 6620 | 6701 |
| 6.876% due 11/25/2068 ~  | 780 | 792 |
| 7.070% due 10/25/2068 þ  | 3675 | 3729 |
| **Visio Trust** <br>6.598% due 10/25/2058 þ | 922 | 930 |
| **Wachovia Mortgage Loan Trust LLC** <br>7.444% due 10/20/2035 ~ | 57 | 55 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 2.566% due 11/25/2041 ~  | 2 | 2 |
| 3.876% due 05/25/2037 ~  | 774 | 670 |
| 4.804% due 05/25/2034 •  | 13804 | 12881 |
| 4.974% due 12/25/2045 •  | 3525 | 3554 |
| 4.983% due 10/25/2035 ~  | 752 | 688 |
| 5.014% due 07/25/2045 •  | 3614 | 3561 |
| 5.141% due 09/25/2035 ~  | 2785 | 2594 |
| 5.174% due 11/25/2034 •  | 68 | 66 |
| 5.214% due 10/25/2044 •  | 201 | 196 |
| 5.239% due 11/25/2046 •  | 7467 | 6320 |
| 5.274% due 06/25/2044 •  | 948 | 941 |
| 5.346% due 07/25/2034 ~  | 420 | 383 |
| 5.387% due 06/25/2034 ~  | 274 | 240 |
| 5.399% due 08/25/2046 •  | 3894 | 3567 |
| 5.414% due 11/25/2034 •  | 435 | 416 |
| 5.414% due 10/25/2045 •  | 634 | 629 |
| 5.434% due 07/25/2044 •  | 9 | 9 |
| 5.447% due 08/25/2046 •  | 10691 | 9184 |
| 5.500% due 06/25/2033 ~  | 917 | 785 |
| 5.776% due 03/25/2033 ~  | 46 | 46 |
| 5.780% due 06/25/2034 ~  | 119 | 117 |
| 5.799% due 06/25/2042 •  | 49 | 46 |
| 5.799% due 08/25/2042 •  | 633 | 613 |
| 5.799% due 04/25/2044 •  | 379 | 325 |
| 6.172% due 08/25/2033 ~  | 4 | 4 |
| 6.267% due 01/25/2033 ~  | 666 | 659 |
| 6.375% due 12/19/2039 ~  | 87 | 81 |
| 6.694% due 10/25/2033 ~  | 77 | 65 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust**  |  |  |
| 5.084% due 10/25/2035 •  | 293 | 266 |
| 5.149% due 02/25/2047 •  | 10899 | 10013 |
| 5.229% due 11/25/2046 •  | 11174 | 9402 |
| 5.500% due 05/25/2035  | 1124 | 998 |
| 5.500% due 06/25/2035  | 94 | 87 |
| 5.500% due 11/25/2035  | 145 | 129 |
| **Washington Mutual MSC Mortgage Pass-Through Certificates Trust**  |  |  |
| 5.424% due 02/25/2033 ~  | 334 | 317 |
| 5.750% due 03/25/2033  | 63 | 57 |
| 5.765% due 02/25/2033 ~  | 478 | 504 |
| 5.892% due 12/25/2032 ~  | 80 | 75 |
| 6.225% due 12/25/2032 ~  | 72 | 71 |
| 6.768% due 11/25/2030 ~  | 2 | 3 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 7.500% due 04/25/2033 ~  | 100 | 32 |
| **Wells Fargo Mortgage Loan Trust** <br>4.208% due 09/27/2036 ~ | 408 | 403 |
| **Wells Fargo Mortgage-Backed Securities Trust** <br>6.928% due 12/25/2036 ~ | 33 | 32 |
| **WSTN Trust** <br>6.518% due 07/05/2037 ~ | 4800 | 4873 |
| Total Non-Agency Mortgage-Backed Securities (Cost $1,793,237) |  | 1730311 |
| **ASSET-BACKED SECURITIES 57.1%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.5%**  |  |  |
| **Ally Bank Auto Credit-Linked Notes Trust**  |  |  |
| 5.117% due 09/15/2032  | 372 | 375 |
| 5.215% due 09/15/2032  | 372 | 373 |
| **AmeriCredit Automobile Receivables Trust** <br>4.902% due 02/18/2028 •  | 1939 | 1940 |
| **Carmax Select Receivables Trust**  |  |  |
| 4.984% due 05/15/2028 •  | 3000 | 3002 |
| 5.034% due 09/15/2027 •  | 3054 | 3057 |
| **Carvana Auto Receivables Trust**  |  |  |
| 2.900% due 03/10/2028  | 577 | 563 |
| 4.550% due 01/10/2028  | 364 | 362 |
| **Exeter Automobile Receivables Trust** <br>6.310% due 10/15/2027 | 404 | 404 |
| **M&T Bank Auto Receivables Trust** <br>4.804% due 05/15/2028 •  | 17850 | 17873 |
| **Tesla Electric Vehicle Trust** <br>4.822% due 12/21/2026 •  | 6764 | 6767 |
| **Westlake Automobile Receivables Trust** <br>4.964% due 08/16/2027 •  | 1744 | 1745 |
|  |  | 36461 |
| **AUTOMOBILE SEQUENTIAL 14.3%**  |  |  |
| **Ally Auto Receivables Trust** <br>4.140% due 07/16/2029 | 3500 | 3498 |
| **Ally Bank Auto Credit-Linked Notes Trust** <br>4.970% due 09/15/2032 | 893 | 900 |
| **American Credit Acceptance Receivables Trust** <br>4.810% due 03/13/2028 | 259 | 259 |
| **American Heritage Auto Receivables Trust** <br>4.830% due 03/15/2028 | 711 | 712 |
| **AmeriCredit Automobile Receivables Trust**  |  |  |
| 5.430% due 01/18/2029  | 5900 | 5958 |
| 5.750% due 02/18/2028  | 2119 | 2124 |
| **ARI Fleet Lease Trust** <br>4.380% due 01/17/2034 | 2400 | 2396 |
| **Avis Budget Rental Car Funding AESOP LLC**  |  |  |
| 5.490% due 06/20/2029  | 2800 | 2879 |
| 5.810% due 12/20/2029  | 1000 | 1040 |
| **Bayview Opportunity Master Fund Trust** <br>5.660% due 03/15/2028 | 1300 | 1305 |
| **BMW Vehicle Lease Trust** <br>4.180% due 10/25/2027 | 5300 | 5301 |
| **BofA Auto Trust**  |  |  |
| 4.520% due 11/22/2027  | 16100 | 16114 |
| 5.350% due 11/15/2028  | 1500 | 1515 |
| 5.570% due 12/15/2026  | 757 | 758 |
| **Bridgecrest Lending Auto Securitization Trust**  |  |  |
| 4.720% due 09/15/2028  | 1300 | 1301 |
| 4.840% due 09/15/2027  | 1133 | 1134 |
| 4.840% due 01/18/2028  | 21050 | 21051 |
| 5.340% due 04/17/2028  | 12800 | 12837 |
| 5.540% due 02/16/2027  | 1227 | 1228 |
| **CarMax Auto Owner Trust**  |  |  |
| 4.670% due 12/15/2027  | 2142 | 2144 |
| 4.750% due 10/15/2027  | 2628 | 2631 |
| 5.280% due 05/15/2028  | 4015 | 4040 |
| **Carmax Select Receivables Trust**  |  |  |
| 4.760% due 05/15/2028  | 3600 | 3602 |
| 5.400% due 11/15/2028  | 6200 | 6270 |
| 5.780% due 09/15/2027  | 5279 | 5298 |
| **Carvana Auto Receivables Trust**  |  |  |
| 0.800% due 01/10/2027  | 417 | 414 |
| 0.860% due 01/11/2027  | 97 | 97 |
| 4.260% due 10/10/2029  | 3900 | 3898 |
| 4.310% due 09/10/2030  | 2300 | 2301 |
| 4.500% due 06/12/2028  | 2535 | 2532 |
| 4.530% due 01/10/2029  | 4600 | 4601 |
| 4.550% due 05/10/2030  | 8200 | 8246 |
| 4.560% due 08/10/2028  | 9000 | 9019 |
| 4.610% due 11/10/2027  | 1212 | 1212 |
| 4.620% due 02/10/2028  | 1753 | 1754 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.640% due 01/10/2030  | 3000 | 3019 |
| 4.740% due 12/10/2030  | 1800 | 1822 |
| 4.740% due 04/10/2031  | 5400 | 5461 |
| 4.780% due 05/10/2028  | 664 | 664 |
| 4.840% due 12/10/2027  | 673 | 673 |
| 4.910% due 08/10/2029  | 1100 | 1109 |
| 5.080% due 03/11/2030  | 2000 | 2035 |
| 5.210% due 06/10/2030  | 2600 | 2665 |
| 5.330% due 07/10/2029  | 3300 | 3335 |
| 5.500% due 08/10/2027  | 470 | 470 |
| 5.620% due 01/10/2029  | 9200 | 9275 |
| 5.630% due 11/10/2027  | 897 | 898 |
| 5.710% due 07/10/2028  | 1482 | 1493 |
| 5.710% due 07/10/2029  | 1300 | 1337 |
| 5.740% due 11/13/2029  | 9457 | 9769 |
| 5.770% due 04/12/2027  | 718 | 718 |
| 5.820% due 08/10/2028  | 1574 | 1585 |
| 5.900% due 08/10/2027  | 849 | 850 |
| 6.160% due 10/10/2028  | 436 | 440 |
| **Chase Auto Owner Trust**  |  |  |
| 4.180% due 08/27/2029  | 2300 | 2299 |
| 4.400% due 11/26/2027  | 1266 | 1265 |
| 5.220% due 07/25/2029  | 25000 | 25300 |
| 5.530% due 09/27/2027  | 10938 | 10967 |
| 5.680% due 01/25/2029  | 3000 | 3035 |
| **Citizens Auto Receivables Trust**  |  |  |
| 5.830% due 02/15/2028  | 20552 | 20709 |
| 5.840% due 01/18/2028  | 1765 | 1776 |
| **Consumer Portfolio Services Auto Trust** <br>4.740% due 02/15/2029 | 4434 | 4435 |
| **CPS Auto Receivables Trust**  |  |  |
| 4.910% due 06/15/2028  | 1445 | 1446 |
| 5.880% due 02/15/2028  | 9629 | 9663 |
| **Drive Auto Receivables Trust**  |  |  |
| 4.500% due 09/15/2028  | 3000 | 2999 |
| 4.870% due 08/15/2028  | 64700 | 64803 |
| 4.940% due 12/15/2027  | 4401 | 4405 |
| **Ent Auto Receivables Trust**  |  |  |
| 6.220% due 08/16/2027  | 97 | 97 |
| 6.240% due 01/16/2029  | 2000 | 2017 |
| 6.260% due 11/15/2029  | 1000 | 1028 |
| **Enterprise Fleet Financing LLC**  |  |  |
| 4.560% due 11/20/2028  | 2700 | 2716 |
| 4.650% due 10/20/2027  | 1500 | 1505 |
| 4.650% due 05/21/2029  | 145 | 145 |
| 4.690% due 07/20/2027  | 2500 | 2504 |
| 4.820% due 02/20/2029  | 1500 | 1523 |
| 4.980% due 08/21/2028  | 12600 | 12773 |
| 5.310% due 04/20/2027  | 11635 | 11683 |
| **Exeter Automobile Receivables Trust**  |  |  |
| 4.450% due 03/15/2028  | 1850 | 1847 |
| 4.780% due 06/15/2027  | 2200 | 2200 |
| 4.790% due 04/15/2027  | 991 | 991 |
| 4.830% due 01/18/2028  | 20400 | 20415 |
| 5.280% due 08/15/2030  | 1400 | 1403 |
| 5.600% due 05/17/2027  | 1287 | 1288 |
| 5.650% due 12/15/2027  | 1000 | 1002 |
| 5.820% due 02/15/2027  | 238 | 238 |
| **FCCU Auto Receivables Trust**  |  |  |
| 4.870% due 01/16/2029  | 9100 | 9122 |
| 5.460% due 04/15/2030  | 500 | 512 |
| 5.540% due 04/16/2029  | 1200 | 1216 |
| 5.760% due 11/15/2027  | 1083 | 1086 |
| **First Help Financial Issuer Trust**  |  |  |
| 4.920% due 02/15/2031  | 3800 | 3814 |
| 4.940% due 11/15/2030  | 1415 | 1420 |
| 5.690% due 02/15/2030  | 1528 | 1544 |
| 5.890% due 06/15/2030  | 1227 | 1242 |
| 6.790% due 10/15/2029  | 1096 | 1112 |
| **First Investors Auto Owner Trust** <br>6.440% due 10/16/2028 | 765 | 773 |
| **Flagship Credit Auto Trust** <br>5.640% due 03/15/2028 | 2020 | 2025 |
| **Ford Credit Auto Owner Trust**  |  |  |
| 4.070% due 07/15/2029  | 2900 | 2898 |
| 4.320% due 08/15/2027  | 8854 | 8848 |
| 4.610% due 08/15/2029  | 7050 | 7125 |
| 5.530% due 09/15/2028  | 7626 | 7704 |
| **GLS Auto Receivables Issuer Trust**  |  |  |
| 4.750% due 03/15/2028  | 14500 | 14513 |
| 4.750% due 07/17/2028  | 1000 | 1003 |
| 4.760% due 10/15/2027  | 2182 | 2183 |
| 5.770% due 06/15/2027  | 875 | 877 |
| **GLS Auto Select Receivables Trust**  |  |  |
| 4.430% due 12/17/2029  | 2457 | 2457 |
| 4.460% due 10/15/2030 (c)  | 700 | 700 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.580% due 06/17/2030  | 2021 | 2041 |
| 5.590% due 10/15/2029  | 6536 | 6617 |
| 6.370% due 06/15/2028  | 857 | 863 |
| **GM Financial Automobile Leasing Trust**  |  |  |
| 4.210% due 10/20/2027  | 5000 | 5001 |
| 4.550% due 07/20/2027  | 13800 | 13839 |
| **GM Financial Consumer Automobile Receivables Trust**  |  |  |
| 4.400% due 08/16/2029  | 4700 | 4716 |
| 4.470% due 02/16/2028  | 1208 | 1207 |
| 4.530% due 10/18/2027  | 1842 | 1842 |
| 5.130% due 04/16/2029  | 20000 | 20213 |
| **GreenState Auto Receivables Trust** <br>5.530% due 08/16/2027 | 1156 | 1156 |
| **Harley-Davidson Motorcycle Trust**  |  |  |
| 4.310% due 07/16/2029  | 12200 | 12227 |
| 4.620% due 08/16/2027  | 15142 | 15148 |
| 5.650% due 02/16/2027  | 932 | 933 |
| **Hertz Vehicle Financing LLC**  |  |  |
| 5.570% due 09/25/2029  | 10000 | 10222 |
| **Hertz Vehicle Financing LP** <br>1.680% due 12/27/2027 | 5321 | 5120 |
| **Honda Auto Receivables Owner Trust** <br>4.330% due 05/15/2029 | 5200 | 5214 |
| **Hyundai Auto Lease Securitization Trust** <br>5.800% due 12/15/2026 | 36783 | 36910 |
| **Hyundai Auto Receivables Trust**  |  |  |
| 4.410% due 05/15/2029  | 6900 | 6938 |
| 4.840% due 03/15/2029  | 52300 | 52857 |
| **LAD Auto Receivables Trust**  |  |  |
| 4.520% due 03/15/2029  | 1200 | 1203 |
| 4.600% due 12/15/2027  | 3600 | 3600 |
| 4.640% due 11/15/2027  | 1408 | 1407 |
| 5.420% due 02/15/2028  | 540 | 541 |
| 5.460% due 07/16/2029  | 500 | 509 |
| 5.610% due 08/15/2028  | 1200 | 1209 |
| 5.700% due 03/15/2027  | 99 | 99 |
| **Lendbuzz Securitization Trust**  |  |  |
| 4.759% due 07/15/2026  | 600 | 600 |
| 4.970% due 10/15/2029  | 1616 | 1618 |
| 5.100% due 10/15/2030  | 800 | 803 |
| **M&T Bank Auto Receivables Trust**  |  |  |
| 4.630% due 05/15/2028  | 29200 | 29244 |
| 5.220% due 02/17/2032  | 3600 | 3645 |
| 5.590% due 02/17/2032  | 1672 | 1676 |
| **Mercedes-Benz Auto Lease Trust**  |  |  |
| 4.570% due 12/15/2026  | 3717 | 3718 |
| 4.570% due 04/17/2028  | 67100 | 67422 |
| **Nissan Auto Receivables Owner Trust**  |  |  |
| 4.340% due 03/15/2029  | 2800 | 2807 |
| 4.500% due 02/15/2028  | 63500 | 63681 |
| **Octane Receivables Trust** <br>4.940% due 05/20/2030 | 856 | 859 |
| **OneMain Direct Auto Receivables Trust** <br>5.410% due 11/14/2029 | 7800 | 7876 |
| **Oscar U.S. Funding LLC**  |  |  |
| 4.470% due 03/12/2029  | 600 | 600 |
| 4.630% due 12/10/2027  | 1908 | 1910 |
| **PenFed Auto Receivables Owner Trust**  |  |  |
| 4.700% due 06/15/2029  | 2500 | 2510 |
| 5.040% due 09/15/2027  | 2100 | 2103 |
| **Porsche Innovative Lease Owner Trust**  |  |  |
| 4.350% due 10/20/2027  | 3500 | 3502 |
| 4.470% due 12/21/2026  | 1577 | 1577 |
| 4.600% due 12/20/2027  | 29300 | 29370 |
| **Research-Driven Pagaya Motor Asset Trust**  |  |  |
| 4.811% due 07/27/2026  | 3700 | 3700 |
| 7.130% due 01/26/2032  | 1548 | 1554 |
| **Research-Driven Pagaya Motor Trust** <br>7.090% due 06/25/2032 | 350 | 353 |
| **Santander Drive Auto Receivables Trust**  |  |  |
| 4.620% due 11/15/2028  | 700 | 701 |
| 4.710% due 06/15/2028  | 12400 | 12406 |
| 4.880% due 09/15/2027  | 3640 | 3642 |
| 5.630% due 01/16/2029  | 7900 | 7941 |
| 5.910% due 06/15/2027  | 705 | 705 |
| **SBNA Auto Lease Trust**  |  |  |
| 4.680% due 04/20/2027  | 2750 | 2751 |
| 4.830% due 04/20/2028  | 3000 | 3020 |
| 5.560% due 11/22/2027  | 6700 | 6757 |
| 5.670% due 11/20/2026  | 914 | 916 |
| 6.520% due 04/20/2028  | 1000 | 1014 |
| **SBNA Auto Receivables Trust**  |  |  |
| 5.210% due 04/16/2029  | 1100 | 1111 |
| 5.320% due 12/15/2028  | 3535 | 3546 |
| **SCCU Auto Receivables Trust**  |  |  |
| 5.110% due 06/15/2029  | 2800 | 2817 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.160% due 05/15/2030  | 3200 | 3246 |
| 5.450% due 12/15/2027  | 2813 | 2820 |
| 5.700% due 10/16/2028  | 1500 | 1515 |
| 5.700% due 08/15/2029  | 700 | 719 |
| 5.850% due 05/17/2027  | 280 | 280 |
| **SFS Auto Receivables Securitization Trust**  |  |  |
| 4.520% due 11/20/2028  | 23950 | 23991 |
| 4.550% due 06/20/2030  | 2900 | 2913 |
| 4.650% due 05/22/2028  | 5096 | 5099 |
| 4.710% due 05/22/2028  | 1642 | 1643 |
| 5.470% due 10/20/2028  | 2773 | 2792 |
| **Tesla Auto Lease Trust** <br>4.790% due 01/20/2027 | 1514 | 1515 |
| **Tesla Electric Vehicle Trust**  |  |  |
| 5.380% due 06/20/2028  | 25000 | 25218 |
| 5.380% due 02/20/2029  | 12500 | 12735 |
| 5.540% due 12/21/2026  | 3517 | 3523 |
| **Toyota Auto Receivables Owner Trust** <br>4.400% due 06/15/2029 | 5000 | 5024 |
| **Tricolor Auto Securitization Trust** <br>6.360% due 12/15/2027 | 134 | 134 |
| **USAA Auto Owner Trust** <br>4.510% due 06/15/2028 | 7500 | 7518 |
| **Veros Auto Receivables Trust** <br>6.280% due 11/15/2027 | 265 | 266 |
| **VStrong Auto Receivables Trust** <br>5.790% due 08/16/2027 | 89 | 90 |
| **Westlake Automobile Receivables Trust**  |  |  |
| 4.710% due 04/17/2028  | 2500 | 2510 |
| 4.820% due 09/15/2027  | 5734 | 5737 |
| 5.560% due 02/15/2028  | 1400 | 1409 |
| 5.750% due 08/16/2027  | 3858 | 3868 |
| **World Omni Auto Receivables Trust**  |  |  |
| 5.270% due 09/17/2029  | 2200 | 2223 |
| 5.480% due 09/15/2027  | 174 | 174 |
| 5.610% due 02/15/2028  | 560 | 562 |
| **World Omni Select Auto Trust**  |  |  |
| 4.980% due 02/15/2030  | 20000 | 20113 |
| 5.370% due 02/15/2028  | 9906 | 9929 |
|  |  | 1116291 |
| **CMBS OTHER 1.5%**  |  |  |
| **ACREC LLC**  |  |  |
| 5.625% due 08/18/2042 •  | 6400 | 6379 |
| 6.542% due 02/19/2038 •  | 2769 | 2771 |
| **AREIT Trust** <br>6.426% due 08/17/2041 •  | 3036 | 3047 |
| **BDS LLC** <br>5.599% due 10/21/2042 •  | 2650 | 2641 |
| **BDS Ltd.** <br>5.779% due 12/16/2036 •  | 5413 | 5420 |
| **BSPRT Issuer Ltd.** <br>5.746% due 12/15/2038 •  | 7837 | 7856 |
| **BXMT Ltd.** <br>6.328% due 11/15/2037 •  | 8080 | 8072 |
| **HERA Commercial Mortgage Ltd.** <br>5.479% due 02/18/2038 •  | 803 | 804 |
| **LFT CRE Ltd.** <br>5.596% due 06/15/2039 •  | 307 | 307 |
| **MF1 LLC**  |  |  |
| 5.635% due 02/18/2040 •  | 9100 | 9088 |
| 6.055% due 03/19/2039 •  | 3500 | 3515 |
| 6.468% due 06/19/2037 •  | 15570 | 15581 |
| **MF1 Ltd.**  |  |  |
| 5.509% due 10/16/2036 •  | 9954 | 9955 |
| 5.529% due 07/16/2036 •  | 5739 | 5743 |
| 5.668% due 02/19/2037 •  | 19242 | 19259 |
| 6.128% due 12/15/2035 •  | 5156 | 5165 |
| **PFP Ltd.** <br>6.144% due 09/17/2039 •  | 3966 | 3980 |
| **Ready Capital Mortgage Financing LLC** <br>6.693% due 10/25/2039 •  | 1187 | 1187 |
| **TPG Real Estate Finance Issuer Ltd.**  |  |  |
| 5.628% due 03/15/2038 •  | 3161 | 3158 |
| 5.964% due 02/15/2039 •  | 5744 | 5757 |
|  |  | 119685 |
| **CREDIT CARD OTHER 0.7%**  |  |  |
| **Golden Credit Card Trust**  |  |  |
| 1.140% due 08/15/2028  | 26900 | 25972 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 1.970% due 01/15/2029  | 33100 | 31974 |
|  |  | 57946 |
| **HOME EQUITY OTHER 16.9%**  |  |  |
| **Aames Mortgage Investment Trust** <br>5.349% due 10/25/2035 •  | 1900 | 1790 |
| **ABFC Trust**  |  |  |
| 4.714% due 11/25/2036 •  | 7576 | 4831 |
| 4.914% due 09/25/2036 •  | 3840 | 3795 |
| 5.114% due 04/25/2033 •  | 393 | 383 |
| 5.434% due 05/25/2037 •  | 12189 | 8917 |
| 5.454% due 03/25/2032 •  | 139 | 140 |
| 5.684% due 06/25/2037 •  | 7401 | 5277 |
| **ABFS Mortgage Loan Trust** <br>6.785% due 07/15/2033 þ | 480 | 375 |
| **Accredited Mortgage Loan Trust**  |  |  |
| 4.694% due 09/25/2036 •  | 261 | 260 |
| 5.813% due 04/25/2035 •  | 862 | 897 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.794% due 10/25/2036 •  | 14642 | 5027 |
| 4.874% due 01/25/2037 •  | 22556 | 4909 |
| 4.874% due 05/25/2037 •  | 57020 | 8872 |
| 4.954% due 10/25/2036 •  | 2088 | 717 |
| 5.334% due 09/25/2033 •  | 606 | 603 |
| 5.484% due 12/25/2033 •  | 441 | 453 |
| 5.484% due 07/25/2034 •  | 11 | 11 |
| 7.629% due 06/25/2034 •  | 675 | 568 |
| **AFC Home Equity Loan Trust** <br>5.034% due 06/25/2028 •  | 56 | 55 |
| **American Home Mortgage Investment Trust** <br>4.614% due 08/25/2035 •  | 3 | 3 |
| **Ameriquest Mortgage Securities Trust**  |  |  |
| 4.594% due 10/25/2036 •  | 18142 | 5334 |
| 4.674% due 10/25/2036 •  | 3010 | 885 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.500% due 06/25/2034 •  | 2584 | 2463 |
| 5.304% due 10/25/2035 •  | 8889 | 8775 |
| 5.349% due 01/25/2035 •  | 170 | 172 |
| 5.379% due 07/25/2035 •  | 235 | 234 |
| 5.484% due 11/25/2034 •  | 6568 | 6490 |
| 5.544% due 03/25/2035 •  | 3652 | 3625 |
| 6.489% due 11/25/2034 •  | 3844 | 3454 |
| **Amortizing Residential Collateral Trust** <br>5.434% due 10/25/2034 •  | 1401 | 1405 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.904% due 01/25/2036 •  | 5612 | 5570 |
| 5.169% due 10/25/2035 •  | 109 | 108 |
| 5.199% due 10/25/2035 •  | 37500 | 34894 |
| 5.559% due 05/25/2034 •  | 1231 | 1030 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust**  |  |  |
| 3.921% due 01/25/2036 •  | 9644 | 9451 |
| 4.946% due 06/15/2031 •  | 111 | 110 |
| 5.139% due 11/25/2035 •  | 14015 | 14106 |
| 5.776% due 04/15/2033 •  | 11 | 11 |
| **Bayview Financial Acquisition Trust** <br>2.158% due 12/28/2036 •  | 7064 | 6099 |
| **Bear Stearns Asset-Backed Securities Trust**  |  |  |
| 2.744% due 09/25/2034 •  | 13 | 13 |
| 4.714% due 01/25/2037 •  | 725 | 706 |
| 4.754% due 08/25/2036 •  | 264 | 255 |
| 4.974% due 11/25/2035 •  | 700 | 699 |
| 5.084% due 01/25/2047 •  | 6958 | 5703 |
| 5.234% due 10/27/2032 •  | 2 | 2 |
| 5.259% due 10/25/2036 •  | 14958 | 14236 |
| 5.334% due 12/25/2033 •  | 207 | 214 |
| 5.358% due 06/25/2043 ~  | 466 | 426 |
| 5.434% due 10/25/2037 •  | 5397 | 4698 |
| 5.434% due 11/25/2042 •  | 39 | 39 |
| 5.529% due 01/25/2034 •  | 997 | 1008 |
| 5.614% due 06/25/2043 •  | 207 | 205 |
| 5.620% due 01/25/2035 •  | 2037 | 2096 |
| 5.684% due 08/25/2037 •  | 1380 | 1368 |
| 5.699% due 03/25/2035 •  | 8392 | 8481 |
| 5.934% due 11/25/2042 •  | 24 | 24 |
| 6.159% due 08/25/2034 •  | 16 | 15 |
| **BNC Mortgage Loan Trust** <br>4.644% due 07/25/2037 •  | 61453 | 56932 |
| **Centex Home Equity Loan Trust**  |  |  |
| 4.746% due 06/25/2034 •  | 207 | 203 |
| 5.454% due 03/25/2035 •  | 1413 | 1378 |
| 5.469% due 09/25/2034 •  | 7 | 7 |
| **Chase Funding Trust**  |  |  |
| 4.537% due 09/25/2032  | 1 | 1 |
| 5.014% due 11/25/2034 •  | 1 | 1 |
| 5.334% due 05/25/2033 •  | 599 | 603 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Citigroup** **Global Markets Mortgage Securities, Inc.** <br>7.000% due 12/25/2027 | 341 | 73 |
| **Citigroup Mortgage Loan Trust**  |  |  |
| 4.594% due 01/25/2037 •  | 525 | 384 |
| 4.714% due 01/25/2037 •  | 9152 | 8558 |
| 4.754% due 09/25/2036 •  | 9029 | 8105 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.954% due 03/25/2036 •  | 3513 | 3206 |
| 7.809% due 12/25/2033 •  | 1976 | 1984 |
| **Countrywide Asset-Backed Certificates**  |  |  |
| 4.854% due 08/25/2034 •  | 5885 | 5791 |
| 5.334% due 06/25/2034 •  | 566 | 563 |
| 5.529% due 02/25/2036 •  | 4032 | 3392 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.267% due 01/25/2037 •  | 2550 | 2518 |
| 4.284% due 12/25/2034 •  | 346 | 316 |
| 4.341% due 12/25/2035 •  | 6539 | 6457 |
| 4.341% due 02/25/2036 •  | 6250 | 5642 |
| 4.634% due 10/25/2047 •  | 13668 | 12950 |
| 4.714% due 06/25/2035 •  | 14656 | 13338 |
| 4.724% due 10/25/2047 •  | 47529 | 41164 |
| 4.874% due 06/25/2047 •  | 14952 | 13940 |
| 4.934% due 04/25/2046 •  | 5164 | 5086 |
| 4.994% due 04/25/2034 •  | 379 | 358 |
| 5.019% due 06/25/2036 •  | 14939 | 14764 |
| 5.124% due 04/25/2036 •  | 4235 | 4151 |
| 5.125% due 12/25/2034 ~  | 455 | 453 |
| 5.154% due 05/25/2036 •  | 48258 | 46021 |
| 5.174% due 12/25/2034 •  | 11 | 11 |
| 5.174% due 08/25/2047 •  | 472 | 461 |
| 5.214% due 11/25/2034 •  | 2289 | 2206 |
| 5.214% due 05/25/2036 •  | 32300 | 27990 |
| 5.334% due 05/25/2032 •  | 106 | 104 |
| 5.404% due 08/25/2047 •  | 3000 | 2605 |
| 5.409% due 10/25/2034 •  | 155 | 154 |
| 5.434% due 09/25/2032 •  | 104 | 105 |
| 5.529% due 04/25/2036 •  | 5500 | 5354 |
| 5.574% due 08/25/2035 •  | 10809 | 10786 |
| 6.547% due 05/25/2036  | 293 | 241 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>4.562% due 01/25/2032 •  | 13 | 12 |
| **Credit-Based Asset Servicing & Securitization LLC**  |  |  |
| 3.084% due 05/25/2036 •  | 4036 | 2727 |
| 3.646% due 12/25/2035 •  | 1377 | 1317 |
| 6.780% due 05/25/2035  | 168 | 155 |
| **Credit-Based Asset Servicing & Securitization Trust** <br>3.390% due 04/25/2037 þ | 1367 | 1339 |
| **Ellington Loan Acquisition Trust** <br>5.934% due 05/25/2037 •  | 1895 | 1867 |
| **EMC Mortgage Loan Trust** <br>5.934% due 08/25/2040 •  | 141 | 143 |
| **Encore Credit Receivables Trust**  |  |  |
| 5.124% due 07/25/2035 •  | 249 | 244 |
| 5.364% due 11/25/2035 •  | 11430 | 10911 |
| 5.484% due 01/25/2036 •  | 12708 | 10768 |
| **EquiFirst Mortgage Loan Trust** <br>9.534% due 10/25/2034 •  | 2281 | 1906 |
| **Equity One Mortgage Pass-Through Trust** <br>3.009% due 07/25/2034 •  | 2 | 2 |
| **Finance of America HECM Buyout** <br>4.000% due 10/01/2034 ~ | 4368 | 4341 |
| **First NLC Trust**  |  |  |
| 4.574% due 08/25/2037 •  | 23923 | 11956 |
| 4.714% due 08/25/2037 •  | 1307 | 653 |
| **Fremont Home Loan Trust**  |  |  |
| 4.574% due 01/25/2037 •  | 7396 | 3830 |
| 4.704% due 10/25/2036 •  | 26212 | 23847 |
| 5.289% due 07/25/2034 •  | 3107 | 2902 |
| 5.409% due 06/25/2035 •  | 12475 | 10577 |
| **GSAA Home Equity Trust**  |  |  |
| 5.074% due 10/25/2035 •  | 994 | 1040 |
| 5.109% due 10/25/2035 •  | 3600 | 3528 |
| 5.139% due 10/25/2035 •  | 4148 | 3926 |
| 5.859% due 12/25/2034 •  | 3413 | 3019 |
| 6.114% due 06/25/2034 þ  | 4009 | 4014 |
| **GSAMP Trust**  |  |  |
| 2.520% due 10/25/2036 •  | 5044 | 24 |
| 4.574% due 12/25/2036 •  | 750 | 400 |
| 4.884% due 06/25/2036 •  | 13061 | 11097 |
| 5.079% due 11/25/2035 •  | 23 | 23 |
| 5.169% due 09/25/2035 •  | 5133 | 5077 |
| **Home Equity Asset Trust**  |  |  |
| 5.034% due 11/25/2032 •  | 4 | 3 |
| 5.334% due 12/25/2035 •  | 4895 | 4869 |
| 5.349% due 03/25/2035 •  | 2786 | 2748 |
| 5.354% due 02/25/2033 •  | 1 | 1 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.634% due 07/25/2035 •  | 1269 | 1258 |
| **Home Equity Loan Trust** <br>4.624% due 04/25/2037 •  | 2290 | 2206 |
| **Home Equity Mortgage Loan Asset-Backed Trust**  |  |  |
| 3.688% due 06/25/2031 •  | 316 | 324 |
| 3.779% due 07/25/2034 •  | 188 | 181 |
| 4.594% due 07/25/2037 •  | 78 | 43 |
| 5.518% due 02/25/2030  | 205 | 104 |
| **HSI Asset Loan Obligation Trust** <br>4.554% due 12/25/2036 •  | 9 | 3 |
| **HSI Asset Securitization Corp. Trust**  |  |  |
| 0.000% due 10/25/2036 (b)(e)  | 4136 | 1096 |
| 4.634% due 07/25/2036 •  | 2055 | 888 |
| 5.019% due 01/25/2036 •  | 412 | 409 |
| **IXIS Real Estate Capital Trust**  |  |  |
| 4.634% due 01/25/2037 •  | 15097 | 5116 |
| 4.754% due 08/25/2036 •  | 21116 | 5799 |
| 4.894% due 01/25/2037 •  | 41107 | 13932 |
| **JP Morgan Mortgage Acquisition Corp.**  |  |  |
| 5.064% due 05/25/2035 •  | 21779 | 20683 |
| 5.409% due 12/25/2035 •  | 5000 | 4698 |
| 6.234% due 07/25/2035 •  | 10000 | 9118 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 4.594% due 08/25/2036 •  | 451 | 199 |
| 4.654% due 08/25/2036 •  | 537 | 403 |
| 4.734% due 03/25/2037 •  | 3851 | 3746 |
| 4.804% due 03/25/2037 •  | 20645 | 17919 |
| **Long Beach Mortgage Loan Trust**  |  |  |
| 4.734% due 05/25/2036 •  | 12650 | 6660 |
| 4.734% due 09/25/2036 •  | 1131 | 726 |
| 4.754% due 11/25/2036 •  | 12837 | 3854 |
| 4.794% due 05/25/2046 •  | 39502 | 11841 |
| 4.994% due 10/25/2034 •  | 636 | 628 |
| 5.054% due 08/25/2033 •  | 597 | 592 |
| 5.139% due 08/25/2045 •  | 15859 | 13588 |
| 5.289% due 07/25/2034 •  | 4067 | 4024 |
| 5.484% due 10/25/2034 •  | 3 | 3 |
| 5.484% due 06/25/2035 •  | 12858 | 12614 |
| 5.859% due 03/25/2032 •  | 5 | 7 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 4.330% due 08/25/2033 •  | 591 | 625 |
| 4.694% due 08/25/2036 •  | 13075 | 6459 |
| 5.134% due 09/25/2034 •  | 478 | 413 |
| 5.184% due 12/25/2034 •  | 255 | 257 |
| 5.259% due 10/25/2034 •  | 397 | 384 |
| 5.334% due 10/25/2035 •  | 1950 | 1791 |
| 5.534% due 08/25/2037 •  | 11301 | 9058 |
| 10.434% due 11/25/2032 •  | 3497 | 3346 |
| **MASTR Specialized Loan Trust** <br>5.709% due 05/25/2037 •  | 229 | 37 |
| **Meritage Mortgage Loan Trust** <br>5.229% due 11/25/2035 •  | 5471 | 5275 |
| **Merrill Lynch First Franklin Mortgage Loan Trust**  |  |  |
| 4.694% due 06/25/2037 •  | 1245 | 1260 |
| 7.434% due 10/25/2037 •  | 90 | 87 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.554% due 10/25/2037 •  | 5823 | 855 |
| 4.594% due 09/25/2037 •  | 124 | 24 |
| 4.614% due 06/25/2037 •  | 6353 | 1666 |
| 4.774% due 07/25/2037 •  | 26956 | 10451 |
| 4.934% due 05/25/2037 •  | 15210 | 1695 |
| **Morgan Stanley ABS Capital, Inc. Trust**  |  |  |
| 4.494% due 05/25/2037 •  | 66 | 60 |
| 4.534% due 11/25/2036 •  | 7124 | 3385 |
| 4.564% due 01/25/2037 •  | 53102 | 20118 |
| 4.734% due 06/25/2036 •  | 432 | 374 |
| 4.774% due 03/25/2037 •  | 19083 | 8131 |
| 4.914% due 06/25/2036 •  | 5419 | 4726 |
| 4.929% due 03/25/2036 •  | 19093 | 16434 |
| 5.094% due 11/25/2035 •  | 5993 | 5839 |
| 5.114% due 08/25/2034 •  | 5909 | 5508 |
| 5.289% due 07/25/2034 •  | 6230 | 6497 |
| 5.319% due 11/25/2034 •  | 1548 | 1478 |
| 5.424% due 03/25/2035 •  | 2387 | 2330 |
| 5.469% due 03/25/2035 •  | 3789 | 3376 |
| 6.434% due 07/25/2037 •  | 356 | 289 |
| **Morgan Stanley Capital, Inc. Trust**  |  |  |
| 4.974% due 02/25/2036 •  | 2494 | 2358 |
| 4.974% due 03/25/2036 •  | 5151 | 4298 |
| 4.989% due 01/25/2036 •  | 7117 | 5864 |
| **Morgan Stanley Dean Witter Capital, Inc. Trust**  |  |  |
| 5.784% due 02/25/2033 •  | 22 | 23 |
| 6.909% due 01/25/2032 •  | 39 | 94 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 4.754% due 11/25/2036 •  | 547 | 40 |
| 4.954% due 10/25/2036 •  | 1188 | 331 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Nationstar** **Home Equity Loan Trust**  |  |  |
| 4.854% due 03/25/2037 •  | 5632 | 5433 |
| 4.989% due 09/25/2036 •  | 5483 | 5244 |
| **New Century Home Equity Loan Trust**  |  |  |
| 3.464% due 06/20/2031 ~  | 1067 | 993 |
| 4.794% due 05/25/2036 •  | 52 | 52 |
| 5.109% due 02/25/2036 •  | 5738 | 5573 |
| 5.214% due 03/25/2035 •  | 1980 | 1971 |
| 5.650% due 08/25/2034 ~  | 41 | 50 |
| 6.384% due 07/25/2035 •  | 23642 | 19747 |
| **Newcastle Mortgage Securities Trust** <br>5.154% due 03/25/2036 •  | 7700 | 7621 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust** <br>4.929% due 03/25/2036 •  | 6481 | 6058 |
| **NovaStar Mortgage Funding Trust**  |  |  |
| 4.634% due 03/25/2037 •  | 10 | 3 |
| 4.734% due 09/25/2037 •  | 10354 | 9174 |
| 5.169% due 01/25/2036 •  | 24658 | 23889 |
| 5.174% due 02/25/2034 •  | 5139 | 5139 |
| 5.534% due 02/25/2034 •  | 3 | 3 |
| **Option One Mortgage Asset Corp. Asset-Backed Certificates** <br>5.334% due 08/25/2033 •  | 24 | 26 |
| **Option One Mortgage Loan Trust**  |  |  |
| 4.974% due 01/25/2036 •  | 23778 | 22402 |
| 5.214% due 02/25/2035 •  | 363 | 346 |
| 5.229% due 05/25/2034 •  | 8 | 8 |
| 5.934% due 02/25/2035 •  | 2932 | 2034 |
| **Option One Mortgage Loan Trust Asset-Backed Certificates** <br>4.932% due 08/20/2030 •  | 1 | 1 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates** <br>5.484% due 10/25/2034 •  | 3164 | 3129 |
| **Popular ABS Mortgage Pass-Through Trust**  |  |  |
| 3.294% due 01/25/2036 þ  | 141 | 133 |
| 3.522% due 11/25/2035 •  | 3880 | 3466 |
| **RCKT Mortgage Trust**  |  |  |
| 5.344% due 09/25/2044 þ  | 1776 | 1777 |
| 6.025% due 02/25/2044 ~  | 681 | 686 |
| 6.141% due 04/25/2044 ~  | 4812 | 4850 |
| **Renaissance Home Equity Loan Trust**  |  |  |
| 5.434% due 08/25/2035 þ  | 10 | 10 |
| 5.534% due 09/25/2037 •  | 667 | 270 |
| 5.634% due 08/25/2032 •  | 394 | 376 |
| 5.674% due 03/25/2033 •  | 7 | 6 |
| 5.784% due 11/25/2034  | 3681 | 3267 |
| **Residential Asset Mortgage Products Trust** <br>4.974% due 02/25/2036 •  | 10809 | 10498 |
| **Residential Asset Securities Corp. Trust**  |  |  |
| 4.704% due 08/25/2036 •  | 3309 | 3271 |
| 4.724% due 06/25/2033 •  | 392 | 361 |
| 4.724% due 08/25/2036 •  | 18508 | 16562 |
| 5.079% due 01/25/2036 •  | 8108 | 7984 |
| 5.584% due 06/25/2035 •  | 3291 | 3258 |
| 6.084% due 07/25/2035 •  | 687 | 680 |
| 6.309% due 07/25/2035 •  | 3000 | 2806 |
| 6.354% due 07/25/2035 •  | 1645 | 1665 |
| 6.384% due 11/25/2034 •  | 2653 | 2644 |
| **SACO Trust**  |  |  |
| 4.794% due 05/25/2036 •  | 58 | 93 |
| 4.954% due 06/25/2036 •  | 13 | 13 |
| **SACO, Inc.** <br>5.184% due 07/25/2035 •  | 49 | 50 |
| **Saxon Asset Securities Trust**  |  |  |
| 1.540% due 03/25/2035 •  | 1665 | 1465 |
| 1.788% due 11/25/2035 •  | 758 | 516 |
| 2.070% due 08/25/2035 •  | 3202 | 3422 |
| 4.674% due 05/25/2047 •  | 7248 | 5289 |
| 4.744% due 09/25/2037 •  | 594 | 572 |
| 6.184% due 12/25/2037 •  | 6200 | 5929 |
| 7.021% due 12/25/2032 •  | 2971 | 2707 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.714% due 09/25/2036 •  | 11408 | 6411 |
| 4.734% due 12/25/2036 •  | 17787 | 8678 |
| 4.794% due 05/25/2037 •  | 18980 | 14517 |
| 5.214% due 02/25/2034 •  | 1164 | 1201 |
| **SG Mortgage Securities Trust** <br>4.694% due 07/25/2036 •  | 45367 | 18697 |
| **Soundview Home Loan Trust**  |  |  |
| 4.514% due 06/25/2037 •  | 3233 | 2128 |
| 4.604% due 07/25/2037 •  | 23124 | 20428 |
| 4.604% due 08/25/2037 •  | 20541 | 17973 |
| 4.684% due 08/25/2037 •  | 3000 | 2747 |
| 4.809% due 07/25/2036 •  | 11146 | 9494 |
| 5.049% due 02/25/2036 •  | 11220 | 10370 |
| 5.139% due 11/25/2035 •  | 922 | 917 |
| 5.334% due 10/25/2037 •  | 57875 | 44415 |
| 5.409% due 03/25/2036 •  | 2200 | 2090 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.434% due 09/25/2037 •  | 7318 | 5315 |
| 5.734% due 11/25/2033 •  | 3 | 3 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 5.199% due 08/25/2035 •  | 507 | 496 |
| 5.709% due 12/25/2034 •  | 813 | 789 |
| 7.359% due 04/25/2033 •  | 3731 | 3879 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 4.589% due 09/25/2036 •  | 5977 | 3666 |
| 4.594% due 01/25/2037 •  | 3760 | 3557 |
| 4.694% due 05/25/2047 •  | 21126 | 18687 |
| 4.717% due 12/25/2034 •  | 691 | 687 |
| 5.559% due 04/25/2035 •  | 270 | 279 |
| **Structured Asset Securities Corp. Mortgage Pass-Through Certificates** <br>3.375% due 08/25/2031 | 2 | 2 |
| **Towd Point Mortgage Trust**  |  |  |
| 5.348% due 07/25/2065 þ  | 2300 | 2300 |
| 6.125% due 02/25/2064 ~  | 682 | 688 |
| 6.290% due 05/25/2064 ~  | 4469 | 4514 |
| **Washington Mutual Asset-Backed Certificates Trust** <br>4.129% due 10/25/2036 •  | 73 | 25 |
| **Wells Fargo Home Equity Asset-Backed Securities Trust** <br>4.779% due 01/25/2037 •  | 4140 | 4120 |
|  |  | 1320402 |
| **HOME EQUITY SEQUENTIAL 0.0%**  |  |  |
| **EquiFirst Mortgage Loan Trust** <br>4.250% due 09/25/2033 þ | 82 | 81 |
| **JP Morgan Mortgage Acquisition Trust** <br>4.714% due 03/25/2047 •  | 3343 | 3198 |
| **Wells Fargo Home Equity Asset-Backed Securities Trust** <br>5.074% due 03/25/2037 •  | 230 | 216 |
|  |  | 3495 |
| **MANUFACTURING HOUSE ABS OTHER 0.0%**  |  |  |
| **UCFC Manufactured Housing Contract** <br>7.900% due 01/15/2028 ~ | 14 | 14 |
| **MANUFACTURING HOUSE SEQUENTIAL 0.1%**  |  |  |
| **Cascade MH Asset Trust** <br>5.695% due 11/25/2056 ~ | 942 | 963 |
| **Conseco Finance Securitizations Corp.** <br>8.260% due 12/01/2030 ~ | 22467 | 3987 |
|  |  | 4950 |
| **WHOLE LOAN COLLATERAL 4.4%**  |  |  |
| **Bear Stearns Asset-Backed Securities Trust**  |  |  |
| 4.684% due 07/25/2036 •  | 8853 | 6850 |
| 4.934% due 05/25/2037 •  | 482 | 452 |
| 5.199% due 07/25/2036 ~  | 6 | 6 |
| 5.500% due 01/25/2034  | 17 | 15 |
| 5.500% due 06/25/2034  | 165 | 161 |
| 5.500% due 12/25/2035  | 46 | 30 |
| 5.750% due 10/25/2033  | 46 | 52 |
| 11.782% due 02/25/2037 •  | 2379 | 2134 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.839% due 06/25/2037 •  | 24348 | 23369 |
| 4.854% due 08/25/2036 •  | 6338 | 6262 |
| 4.899% due 08/25/2036 •  | 11305 | 10041 |
| 6.050% due 08/25/2035 þ  | 179 | 177 |
| 6.129% due 08/25/2035 þ  | 994 | 920 |
| **First Franklin Mortgage Loan Trust**  |  |  |
| 4.554% due 11/25/2036 •  | 31710 | 29347 |
| 4.654% due 12/25/2037 •  | 32571 | 30873 |
| 4.684% due 06/25/2036 •  | 359 | 359 |
| 4.744% due 11/25/2036 •  | 25256 | 21457 |
| 4.754% due 06/25/2036 •  | 8854 | 8770 |
| 5.109% due 11/25/2035 •  | 820 | 812 |
| 5.184% due 12/25/2035 •  | 14004 | 13660 |
| 6.309% due 03/25/2034 •  | 1765 | 1691 |
| 6.309% due 07/25/2034 •  | 1797 | 1805 |
| **Lehman XS Trust**  |  |  |
| 4.834% due 06/25/2046 •  | 4806 | 4406 |
| 4.854% due 04/25/2036 •  | 2072 | 1790 |
| 4.894% due 03/25/2036 •  | 6634 | 6716 |
| 4.914% due 03/25/2037 •  | 10113 | 9413 |
| 5.034% due 06/25/2037 •  | 20012 | 18011 |
| **Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates** <br>5.409% due 07/25/2035 •  | 4763 | 4791 |
| **PRET LLC**  |  |  |
| 4.744% due 07/25/2051 þ  | 4748 | 4725 |
| 4.843% due 09/25/2051 þ  | 21944 | 21878 |
| 5.000% due 06/25/2052 þ  | 240 | 240 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.487% due 10/25/2051 ~  | 910 | 910 |
| 5.744% due 06/25/2055 þ(c)  | 1000 | 1003 |
| 5.851% due 12/25/2054 þ  | 3530 | 3537 |
| 5.925% due 10/25/2054 þ  | 4957 | 4948 |
| 5.926% due 10/25/2054 þ  | 2231 | 2229 |
| 5.963% due 09/25/2054 þ  | 2067 | 2071 |
| 6.244% due 05/25/2055 þ  | 5754 | 5781 |
| 6.721% due 07/25/2051 þ  | 14104 | 14123 |
| 7.125% due 04/25/2054 þ  | 938 | 945 |
| **RAAC Trust**  |  |  |
| 6.534% due 05/25/2044 •  | 500 | 498 |
| 8.184% due 12/25/2035 •  | 1447 | 1514 |
| **Residential Asset Mortgage Products Trust**  |  |  |
| 5.034% due 05/25/2036 •  | 18599 | 15759 |
| 5.214% due 09/25/2035 •  | 2450 | 2369 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.534% due 10/25/2036 •  | 4258 | 1414 |
| 4.934% due 03/25/2036 •  | 3273 | 2046 |
| **Specialty Underwriting & Residential Finance Trust**  |  |  |
| 4.664% due 04/25/2037 •  | 8090 | 5897 |
| 4.714% due 06/25/2037 •  | 23296 | 21516 |
| 4.734% due 06/25/2037 •  | 17439 | 10266 |
| 5.334% due 06/25/2036 •  | 8629 | 8315 |
| **VCAT LLC**  |  |  |
| 5.877% due 01/25/2055 þ  | 2033 | 2038 |
| 5.977% due 01/25/2055 þ  | 3694 | 3704 |
|  |  | 342096 |
| **OTHER ABS 18.7%**  |  |  |
| **37 Capital CLO Ltd.**  |  |  |
| 5.346% due 04/15/2035 •  | 5000 | 4984 |
| 5.536% due 10/15/2034 •  | 2900 | 2903 |
| 5.546% due 07/15/2034 •  | 1600 | 1602 |
| **522 Funding CLO Ltd.** <br>5.479% due 10/23/2034 •  | 2600 | 2601 |
| **ACHV ABS Trust**  |  |  |
| 4.760% due 04/26/2032  | 393 | 393 |
| 5.010% due 12/26/2031  | 277 | 278 |
| 5.040% due 04/26/2032  | 606 | 605 |
| 5.900% due 04/25/2031  | 120 | 121 |
| **Affirm Asset Securitization Trust** <br>5.220% due 12/17/2029 | 1616 | 1617 |
| **Affirm Master Trust**  |  |  |
| 4.670% due 07/15/2033  | 7400 | 7432 |
| 4.990% due 02/15/2033  | 8100 | 8167 |
| **AGL CLO Ltd.** <br>5.399% due 12/02/2034 •  | 6750 | 6753 |
| **AIMCO CLO** <br>5.530% due 10/17/2034 •  | 4300 | 4307 |
| **Allegro CLO Ltd.** <br>5.519% due 01/19/2033 •  | 1000 | 1001 |
| **American Money Management Corp. CLO Ltd.** <br>5.469% due 01/20/2035 •  | 2400 | 2401 |
| **AMSR Trust**  |  |  |
| 1.632% due 07/17/2037  | 19598 | 19557 |
| 2.033% due 07/17/2037  | 11000 | 10976 |
| **Anchorage Capital CLO Ltd.**  |  |  |
| 5.319% due 10/20/2034 •  | 6500 | 6502 |
| 5.369% due 01/20/2035 •  | 1000 | 998 |
| 5.712% due 04/22/2034 •  | 2700 | 2706 |
| 5.969% due 04/20/2037 •  | 11800 | 11826 |
| **Anchorage Credit Funding Ltd.**  |  |  |
| 2.871% due 01/28/2039  | 1725 | 1636 |
| 2.875% due 07/27/2039  | 1000 | 940 |
| 3.000% due 01/21/2040  | 1000 | 932 |
| 3.177% due 10/25/2038  | 2000 | 1918 |
| 3.400% due 04/25/2038  | 9300 | 9061 |
| 3.619% due 04/25/2038  | 2000 | 1968 |
| 3.793% due 10/25/2037  | 1456 | 1428 |
| 3.900% due 07/28/2037  | 5590 | 5488 |
| 3.928% due 04/25/2038  | 2800 | 2750 |
| 4.169% due 04/25/2038  | 1000 | 963 |
| 4.300% due 07/25/2036  | 3015 | 2989 |
| 4.430% due 07/25/2037  | 1817 | 1799 |
| 4.620% due 04/25/2037  | 805 | 799 |
| **Apex Credit CLO Ltd.** <br>6.069% due 04/20/2036 •  | 6400 | 6419 |
| **Apidos CLO**  |  |  |
| 5.520% due 04/17/2034 •  | 7400 | 7397 |
| 5.591% due 04/20/2031 •  | 567 | 568 |
| **Ares CLO Ltd.**  |  |  |
| 5.433% due 10/28/2034 •  | 6700 | 6708 |
| 5.600% due 04/17/2033 •  | 15300 | 15349 |
| **Atlantic Avenue Ltd.** <br>5.529% due 01/20/2035 •  | 7400 | 7398 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Atlas** **Senior Loan Fund Ltd.**  |  |  |
| 5.379% due 01/18/2035 •  | 6800 | 6795 |
| 5.499% due 10/23/2032 •  | 6345 | 6354 |
| **Bain Capital Credit CLO Ltd.**  |  |  |
| 0.000% due 04/22/2035 •(c)  | 9200 | 9200 |
| 5.269% due 04/23/2035 •  | 9750 | 9721 |
| 5.299% due 10/21/2034 •  | 4100 | 4080 |
| 5.335% due 07/24/2034 •  | 4000 | 3983 |
| 5.359% due 10/21/2034 •  | 3700 | 3704 |
| 5.422% due 10/23/2034 •  | 1000 | 998 |
| 5.469% due 10/20/2034 •  | 6800 | 6817 |
| 5.489% due 10/23/2034 •  | 2600 | 2602 |
| 5.509% due 07/19/2034 •  | 4300 | 4310 |
| 5.719% due 10/20/2034 •  | 1000 | 1001 |
| 5.919% due 10/20/2034 •  | 1000 | 1004 |
| **Bankers Healthcare Group Securitization Trust**  |  |  |
| 1.420% due 11/17/2033  | 667 | 656 |
| 4.820% due 04/17/2036  | 1522 | 1533 |
| **Barings CLO Ltd.** <br>5.681% due 01/18/2035 •  | 3700 | 3708 |
| **Benefit Street Partners CLO Ltd.**  |  |  |
| 5.619% due 04/20/2034 •  | 8500 | 8513 |
| 5.631% due 01/20/2031 •  | 226 | 226 |
| **Betony CLO Ltd.** <br>5.621% due 04/30/2031 •  | 1170 | 1172 |
| **BlueMountain CLO Ltd.**  |  |  |
| 5.472% due 10/25/2030 •  | 4266 | 4269 |
| 5.526% due 11/15/2030 •  | 478 | 478 |
| **Canyon Capital CLO Ltd.** <br>5.266% due 10/15/2034 •  | 2800 | 2803 |
| **Canyon CLO Ltd.** <br>5.336% due 07/15/2034 •  | 1000 | 1001 |
| **Capital Four U.S. CLO Ltd.** <br>6.169% due 01/20/2037 •  | 30000 | 30114 |
| **Carlyle CLO Ltd.** <br>5.571% due 04/30/2031 •  | 1617 | 1619 |
| **Carlyle Global Market Strategies CLO Ltd.**  |  |  |
| 5.359% due 07/20/2034 •  | 8300 | 8310 |
| 5.489% due 07/20/2032 •  | 644 | 645 |
| 5.511% due 04/17/2031 •  | 254 | 254 |
| 5.594% due 07/27/2031 •  | 1054 | 1056 |
| 5.638% due 05/15/2031 •  | 1723 | 1724 |
| 5.658% due 07/15/2031 •  | 4396 | 4406 |
| **Carval CLO Ltd.**  |  |  |
| 5.259% due 07/20/2032 •  | 6116 | 6120 |
| 5.491% due 07/16/2031 •  | 4016 | 4022 |
| **Cathedral Lake Ltd.** <br>5.751% due 01/20/2035 •  | 3300 | 3303 |
| **CBAM Ltd.** <br>5.631% due 07/20/2031 •  | 8331 | 8340 |
| **Cedar Funding CLO Ltd.** <br>5.641% due 07/17/2031 •  | 2836 | 2839 |
| **CIFC Funding Ltd.**  |  |  |
| 5.487% due 10/24/2030 •  | 893 | 893 |
| 5.531% due 10/18/2030 •  | 2516 | 2518 |
| 5.658% due 07/15/2036 •  | 7000 | 7015 |
| **College Avenue Student Loans LLC**  |  |  |
| 1.600% due 07/25/2051  | 6497 | 5923 |
| 3.280% due 12/28/2048  | 6704 | 6424 |
| 4.130% due 12/26/2047  | 3421 | 3352 |
| 5.539% due 07/25/2051 •  | 3876 | 3854 |
| 5.634% due 12/26/2047 •  | 2507 | 2502 |
| 6.205% due 05/25/2055 •  | 1023 | 1036 |
| **CoreVest American Finance Trust** <br>1.358% due 08/15/2053 | 3305 | 3245 |
| **CQS U.S. CLO Ltd.** <br>5.469% due 01/20/2035 •  | 3700 | 3701 |
| **Crossroads Asset Trust** <br>4.910% due 02/20/2032 | 600 | 602 |
| **Crown Point CLO Ltd.** <br>5.499% due 10/20/2031 •  | 1260 | 1261 |
| **Dell Equipment Finance Trust** <br>4.690% due 08/22/2030 | 6200 | 6206 |
| **Dewolf Park CLO Ltd.** <br>5.438% due 10/15/2030 •  | 380 | 381 |
| **Diameter Capital CLO Ltd.**  |  |  |
| 5.866% due 04/15/2037 •  | 11700 | 11737 |
| 6.086% due 01/15/2037 •  | 50000 | 50229 |
| **Diameter Credit Funding Ltd.**  |  |  |
| 3.940% due 01/25/2038  | 1000 | 984 |
| 4.600% due 07/25/2037  | 899 | 892 |
| **Dryden CLO Ltd.** <br>5.362% due 08/20/2034 •  | 9100 | 9078 |
| **Dryden Senior Loan Fund**  |  |  |
| 5.339% due 04/20/2034 •  | 1000 | 1000 |
| 5.419% due 10/19/2029 •  | 3849 | 3851 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **ECMC** **Group Student Loan Trust** <br>5.570% due 11/25/2069 •  | 4753 | 4775 |
| **Elevation CLO Ltd.**  |  |  |
| 5.412% due 07/25/2034 •  | 6100 | 6107 |
| 5.582% due 01/25/2035 •  | 6600 | 6603 |
| 5.882% due 01/25/2035 •  | 1000 | 1002 |
| 6.132% due 01/25/2035 •  | 1000 | 998 |
| **FirstKey Homes Trust** <br>1.339% due 08/17/2037 | 2922 | 2901 |
| **Flatiron CLO Ltd.** <br>5.505% due 11/16/2034 •  | 2655 | 2660 |
| **Fortress Credit BSL Ltd.** <br>5.369% due 07/23/2032 •  | 1664 | 1665 |
| **Foundation Finance Trust** <br>4.670% due 04/15/2052 (c) | 1300 | 1300 |
| **Gallatin CLO Ltd.** <br>5.608% due 07/15/2031 •  | 8436 | 8457 |
| **Generate CLO Ltd.** <br>6.099% due 10/20/2036 •  | 50000 | 50754 |
| **GoldenTree Loan Management U.S. CLO Ltd.** <br>5.419% due 10/20/2034 •  | 1000 | 1001 |
| **Golub Capital Partners Static Ltd.** <br>5.499% due 04/20/2033 •  | 3609 | 3609 |
| **GoodLeap Home Improvement Solutions Trust** <br>5.320% due 06/20/2049 « | 4900 | 4943 |
| **GreatAmerica Leasing Receivables Funding LLC** <br>5.280% due 03/15/2027 | 12867 | 12923 |
| **GreenSky Home Improvement Issuer Trust**  |  |  |
| 5.120% due 03/25/2060  | 3355 | 3362 |
| 5.150% due 10/27/2059  | 839 | 849 |
| 5.220% due 03/25/2060  | 1691 | 1708 |
| 5.320% due 03/25/2060  | 2400 | 2446 |
| **GreenSky Home Improvement Trust**  |  |  |
| 5.550% due 06/25/2059  | 500 | 512 |
| 5.880% due 06/25/2059  | 827 | 831 |
| **Greywolf CLO Ltd.**  |  |  |
| 5.502% due 04/22/2033 •  | 6400 | 6415 |
| 5.574% due 04/26/2031 •  | 2019 | 2021 |
| 6.122% due 04/22/2033 •  | 2700 | 2707 |
| **Guggenheim CLO Ltd.** <br>5.406% due 01/15/2035 •  | 3650 | 3644 |
| **Home Partners of America Trust** <br>2.200% due 01/17/2041 | 5097 | 4707 |
| **ICG U.S. CLO Ltd.**  |  |  |
| 5.251% due 01/16/2033 •  | 3123 | 3123 |
| 5.419% due 10/20/2034 •  | 6700 | 6705 |
| **Jamestown CLO Ltd.**  |  |  |
| 5.402% due 07/25/2034 •  | 6500 | 6481 |
| 5.552% due 07/25/2035 •  | 6700 | 6710 |
| **KKR CLO Ltd.**  |  |  |
| 5.471% due 07/18/2030 •  | 140 | 140 |
| 5.518% due 04/15/2031 •  | 342 | 342 |
| 5.701% due 02/09/2035 •  | 6000 | 6004 |
| **LCM Loan Income Fund Ltd.** <br>5.561% due 04/20/2031 •  | 4478 | 4483 |
| **LCM Ltd.**  |  |  |
| 5.336% due 10/15/2034 •  | 4400 | 4389 |
| 5.549% due 07/20/2034 •  | 40900 | 40930 |
| 5.601% due 01/20/2031 •  | 405 | 406 |
| 5.611% due 04/20/2031 •  | 698 | 700 |
| **LendingPoint Pass-Through Trust** <br>5.700% due 07/15/2029 | 281 | 277 |
| **Lendmark Funding Trust**  |  |  |
| 4.470% due 02/21/2034  | 1600 | 1596 |
| 5.530% due 06/21/2032  | 800 | 814 |
| **M&T Equipment Notes** <br>4.700% due 12/16/2027 | 7700 | 7736 |
| **Madison Park Funding Ltd.**  |  |  |
| 5.256% due 10/15/2034 •  | 9200 | 9211 |
| 5.319% due 10/19/2034 •  | 6250 | 6242 |
| 5.471% due 10/21/2030 •  | 1859 | 1861 |
| 5.514% due 07/27/2031 •  | 1316 | 1318 |
| 5.521% due 04/20/2032 •  | 2152 | 2156 |
| 5.522% due 10/22/2034 •  | 1000 | 1001 |
| 5.598% due 10/15/2032 •  | 11770 | 11776 |
| **Magnetite Ltd.**  |  |  |
| 5.406% due 10/15/2031 •  | 1552 | 1553 |
| 5.743% due 01/25/2032 •  | 639 | 640 |
| **Marathon CLO Ltd.** <br>5.456% due 04/15/2032 •  | 3771 | 3777 |
| **Marble Point CLO Ltd.** <br>5.469% due 01/20/2032 •  | 816 | 816 |
| **Marlette Funding Trust** <br>7.130% due 12/15/2033 | 1362 | 1378 |
| **Massachusetts Educational Financing Authority** <br>5.575% due 04/25/2038 •  | 86 | 86 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **MidOcean** **Credit CLO** <br>5.499% due 04/20/2033 •  | 11420 | 11433 |
| **Mountain View CLO Ltd.**  |  |  |
| 5.415% due 10/15/2034 •  | 6300 | 6294 |
| 5.638% due 07/15/2031 •  | 320 | 320 |
| 5.716% due 04/15/2034 •  | 3400 | 3405 |
| **Navesink CLO Ltd.** <br>5.526% due 04/15/2036 •  | 2000 | 2001 |
| **Navient Private Education Loan Trust**  |  |  |
| 3.910% due 12/15/2045  | 538 | 536 |
| 5.876% due 07/16/2040 •  | 1322 | 1329 |
| **Navient Private Education Refi Loan Trust**  |  |  |
| 1.310% due 01/15/2069  | 876 | 824 |
| 1.330% due 04/15/2069  | 1120 | 1029 |
| 1.690% due 05/15/2069  | 731 | 680 |
| 2.600% due 08/15/2068  | 1213 | 1169 |
| 5.426% due 04/15/2069 •  | 1260 | 1254 |
| **Navient Refinance Loan Trust**  |  |  |
| 5.020% due 07/15/2055  | 2900 | 2923 |
| 5.150% due 02/16/2055  | 1715 | 1736 |
| **Navient Student Loan Trust**  |  |  |
| 5.406% due 12/15/2059 •  | 2223 | 2220 |
| 6.004% due 03/15/2072 •  | 5376 | 5425 |
| 7.230% due 03/15/2072  | 4300 | 4647 |
| **Nelnet Student Loan Trust**  |  |  |
| 5.220% due 09/25/2065 •  | 5421 | 5415 |
| 5.320% due 06/27/2067 •  | 13378 | 13378 |
| 6.502% due 02/20/2041 •  | 3133 | 3203 |
| 6.640% due 02/20/2041  | 2913 | 3017 |
| **Neuberger Berman Loan Advisers CLO Ltd.**  |  |  |
| 5.302% due 10/14/2036 •  | 6400 | 6388 |
| 5.330% due 07/17/2036 •  | 5300 | 5296 |
| **Newark BSL CLO Ltd.** <br>5.513% due 07/25/2030 •  | 442 | 442 |
| **Northwoods Capital Ltd.**  |  |  |
| 5.508% due 06/15/2031 •  | 2677 | 2674 |
| 5.558% due 11/13/2031 •  | 641 | 640 |
| **Ocean Trails CLO**  |  |  |
| 5.299% due 07/20/2034 •  | 7300 | 7301 |
| 5.546% due 07/15/2034 •  | 7500 | 7509 |
| 5.556% due 10/15/2034 •  | 1000 | 1001 |
| **OCP CLO Ltd.** <br>5.624% due 04/26/2031 •  | 690 | 690 |
| **Octagon Investment Partners Ltd.**  |  |  |
| 5.309% due 01/20/2035 •  | 8900 | 8851 |
| 5.419% due 10/20/2030 •  | 2329 | 2331 |
| 5.488% due 04/15/2031 •  | 1524 | 1526 |
| **OFSI BSL Ltd.** <br>5.539% due 04/20/2034 •  | 5200 | 5206 |
| **OneMain Financial Issuance Trust**  |  |  |
| 1.750% due 09/14/2035  | 1791 | 1747 |
| 5.804% due 09/15/2036 •  | 6000 | 6107 |
| **Oportun Funding Trust** <br>4.960% due 08/16/2032 | 1740 | 1737 |
| **Oportun Issuance Trust** <br>5.010% due 02/08/2033 | 1600 | 1600 |
| **OZLM Ltd.**  |  |  |
| 5.419% due 07/20/2030 •  | 173 | 173 |
| 5.469% due 10/20/2031 •  | 2272 | 2275 |
| 5.538% due 04/15/2031 •  | 1052 | 1053 |
| **Pagaya AI Debt Grantor Trust**  |  |  |
| 4.670% due 03/16/2026  | 4507 | 4507 |
| 4.708% due 02/17/2026  | 1829 | 1829 |
| 4.961% due 10/15/2032  | 500 | 499 |
| 5.065% due 03/15/2032  | 947 | 947 |
| 5.156% due 07/15/2032  | 900 | 903 |
| 5.183% due 06/15/2032  | 1285 | 1290 |
| 5.331% due 01/15/2032  | 850 | 853 |
| 6.278% due 10/15/2031  | 518 | 523 |
| **Pagaya AI Debt Grantor Trust & Pagaya AI Debt Trust** <br>6.093% due 11/15/2031 | 502 | 505 |
| **Pagaya AI Debt Selection Trust** <br>6.117% due 12/15/2031 | 7078 | 7137 |
| **Pagaya AI Debt Trust**  |  |  |
| 5.373% due 01/17/2033  | 1200 | 1203 |
| 6.258% due 10/15/2031  | 1360 | 1370 |
| 6.319% due 08/15/2031  | 583 | 588 |
| 8.050% due 03/15/2030 ~  | 5 | 5 |
| 9.524% due 12/16/2030 ~  | 1384 | 1394 |
| **Pagaya Point of Sale Holdings Grantor Trust** <br>5.715% due 01/20/2034 | 1800 | 1812 |
| **Palmer Square CLO Ltd.** <br>5.592% due 04/20/2035 •  | 15600 | 15627 |
| **Palmer Square Loan Funding Ltd.** <br>5.318% due 10/15/2029 •  | 288 | 289 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Parallel** **Ltd.** <br>5.366% due 07/15/2034 •  | 5700 | 5691 |
| **Pikes Peak CLO**  |  |  |
| 5.466% due 07/15/2034 •  | 6100 | 6105 |
| 5.489% due 10/11/2034 •  | 6000 | 6006 |
| **Rad CLO Ltd.**  |  |  |
| 5.512% due 04/25/2032 •  | 2002 | 2004 |
| 5.657% due 07/24/2032 •  | 8972 | 8985 |
| **Reach ABS Trust**  |  |  |
| 4.960% due 08/16/2032  | 1650 | 1650 |
| 5.880% due 07/15/2031  | 601 | 603 |
| **Regatta Funding Ltd.**  |  |  |
| 5.456% due 01/15/2033 •  | 6912 | 6914 |
| 5.592% due 04/20/2035 •  | 2100 | 2104 |
| **Regional Management Issuance Trust**  |  |  |
| 5.110% due 12/15/2033  | 1800 | 1811 |
| 5.830% due 07/15/2036  | 900 | 921 |
| **Romark Credit Funding Ltd.**  |  |  |
| 2.625% due 10/25/2039  | 1000 | 940 |
| 3.572% due 04/28/2038  | 3700 | 3620 |
| 5.539% due 09/15/2042  | 2500 | 2505 |
| **Romark WM-R Ltd.** <br>5.561% due 04/20/2031 •  | 5610 | 5616 |
| **Sandstone Peak Ltd.** <br>5.536% due 10/15/2034 •  | 6300 | 6304 |
| **Sculptor CLO Ltd.** <br>5.329% due 07/20/2034 •  | 5200 | 5201 |
| **Shenton Aircraft Investment Ltd.** <br>4.750% due 10/15/2042 | 5600 | 5443 |
| **Silver Rock CLO Ltd.** <br>5.309% due 01/20/2035 •  | 5000 | 4991 |
| **SLC Student Loan Trust** <br>5.505% due 06/15/2040 •  | 1635 | 1619 |
| **SLM Private Credit Student Loan Trust** <br>4.910% due 06/15/2039 •  | 877 | 855 |
| **SLM Student Loan Trust**  |  |  |
| 5.525% due 07/25/2049  | 4385 | 4311 |
| 5.805% due 12/15/2033 •  | 10069 | 9886 |
| 6.325% due 01/27/2026  | 2271 | 2280 |
| **SMB Private Education Loan Trust**  |  |  |
| 1.600% due 09/15/2054  | 11004 | 10359 |
| 2.880% due 09/15/2034  | 59 | 59 |
| 3.940% due 02/16/2055  | 10870 | 10589 |
| 5.060% due 03/16/2054  | 3285 | 3324 |
| 5.090% due 10/16/2056  | 1783 | 1802 |
| 5.284% due 09/15/2054 •  | 4660 | 4647 |
| 5.380% due 01/15/2053  | 322 | 327 |
| 5.380% due 07/15/2053  | 35543 | 36296 |
| 5.403% due 06/17/2052 •  | 781 | 776 |
| 5.403% due 07/15/2053 •  | 17772 | 17799 |
| 5.500% due 06/17/2052  | 3297 | 3379 |
| 5.754% due 02/16/2055 •  | 13108 | 13214 |
| 6.154% due 05/16/2050 •  | 672 | 678 |
| **SoFi Consumer Loan Program Trust**  |  |  |
| 4.800% due 02/27/2034  | 1607 | 1610 |
| 4.820% due 06/25/2034  | 15900 | 15930 |
| **SoFi Professional Loan Program LLC** <br>2.370% due 11/16/2048 | 9767 | 9384 |
| **SoFi Professional Loan Program Trust** <br>1.950% due 02/15/2046 | 759 | 711 |
| **Sound Point CLO** <br>5.688% due 07/15/2034 •  | 7000 | 7009 |
| **Sound Point CLO Ltd.**  |  |  |
| 5.518% due 04/15/2031 •  | 4233 | 4238 |
| 5.562% due 01/25/2032 •  | 4011 | 4013 |
| 5.644% due 07/26/2031 •  | 2789 | 2791 |
| 5.651% due 01/21/2031 •  | 1473 | 1474 |
| 5.681% due 04/18/2031 •  | 4942 | 4949 |
| 5.723% due 10/25/2034 •  | 3500 | 3505 |
| **Steele Creek CLO Ltd.**  |  |  |
| 5.528% due 04/15/2031 •  | 6020 | 6028 |
| 5.768% due 10/15/2030 •  | 846 | 846 |
| **Symphony CLO Ltd.**  |  |  |
| 5.449% due 04/18/2033 •  | 2400 | 2402 |
| 6.072% due 01/20/2037 •  | 1700 | 1706 |
| **T-Mobile U.S. Trust** <br>4.250% due 05/21/2029 | 2700 | 2705 |
| **TCI-Symphony CLO Ltd.** <br>5.523% due 10/13/2032 •  | 29881 | 29904 |
| **TCW CLO AMR Ltd.** <br>5.624% due 08/16/2034 •  | 7200 | 7210 |
| **Tesla Sustainable Energy Trust** <br>5.290% due 06/20/2050 | 600 | 604 |
| **THL Credit Wind River CLO Ltd.** <br>5.658% due 01/15/2031 •  | 17 | 17 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **TIAA** **CLO Ltd.**  |  |  |
| 5.409% due 01/20/2032 •  | 18053 | 18071 |
| 5.672% due 01/16/2031 •  | 135 | 135 |
| **Tralee CLO Ltd.**  |  |  |
| 5.349% due 10/20/2034 •  | 4700 | 4706 |
| 5.502% due 10/25/2032 •  | 727 | 728 |
| **Tricon American Homes**  |  |  |
| 1.499% due 07/17/2038  | 26294 | 25507 |
| 2.049% due 07/17/2038  | 5280 | 5118 |
| 2.249% due 07/17/2038  | 3300 | 3202 |
| **Trinitas CLO Ltd.**  |  |  |
| 5.309% due 07/20/2035 •  | 4100 | 4080 |
| 5.342% due 01/25/2035 •  | 5300 | 5280 |
| 5.379% due 10/20/2033 •  | 6900 | 6904 |
| 5.612% due 01/25/2034 •  | 5100 | 5106 |
| 5.622% due 01/25/2034 •  | 9400 | 9406 |
| 5.631% due 07/20/2031 •  | 488 | 489 |
| 5.652% due 04/25/2033 •  | 8300 | 8311 |
| **Trysail CLO Ltd.** <br>5.511% due 10/20/2033 •  | 1000 | 1000 |
| **TSTAT Ltd.** <br>5.419% due 07/20/2037 •  | 9465 | 9473 |
| **Upstart Pass-Through Trust**  |  |  |
| 3.800% due 04/20/2030  | 346 | 344 |
| 7.900% due 10/20/2028  | 5402 | 5485 |
| **Upstart Structured Pass-Through Trust** <br>4.250% due 06/17/2030 | 235 | 234 |
| **Venture CLO Ltd.**  |  |  |
| 5.409% due 10/20/2034 •  | 800 | 799 |
| 5.578% due 09/07/2030 •  | 2615 | 2617 |
| 5.578% due 07/15/2031 •  | 840 | 841 |
| 5.581% due 07/20/2030 •  | 2311 | 2307 |
| **Verdelite Static CLO Ltd.** <br>5.399% due 07/20/2032 •  | 77533 | 77430 |
| **Voya CLO Ltd.**  |  |  |
| 5.329% due 04/20/2034 •  | 12400 | 12354 |
| 5.469% due 07/20/2032 •  | 1897 | 1899 |
| 5.621% due 10/17/2032 •  | 28266 | 28294 |
| **Voya Ltd.** <br>5.518% due 10/15/2030 •  | 1854 | 1855 |
| **Wind River CLO Ltd.**  |  |  |
| 5.316% due 10/15/2034 •  | 4824 | 4810 |
| 5.581% due 07/18/2031 •  | 36 | 36 |
|  |  | 1461692 |
| Total Asset-Backed Securities (Cost $4,565,758) |  | 4463032 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.3%**  |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class**<br> **4.380% (g)** | 1419511 | 1420 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM NOTES 0.1%**  |  |  |
| **ARI Fleet Lease Trust**<br>4.511% due 02/17/2026 | $2366 | 2366 |
| **Pagaya AI Debt Trust**<br>4.858% due 06/15/2026 | 2600 | 2601 |
|  |  | 4967 |
| **U.S. TREASURY BILLS 0.2%**  |  |  |
| 4.323% due 07/31/2025 - 09/16/2025 (d)(e)(i)(k) | 14743 | 14647 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Short-Term Instruments (Cost $21,035) |  | 21034 |
| Total Investments in Securities (Cost $11,152,791) |  | 11012883 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 13.6%**  |  |  |
| **SHORT-TERM INSTRUMENTS 13.6%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 13.6%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 109479883 | 1066006 |
| Total Short-Term Instruments (Cost $1,065,826) |  | 1066006 |
| Total Investments in Affiliates (Cost $1,065,826) |  | 1066006 |
| Total Investments 154.6% (Cost $12,218,617) |  | $12078889 |
| **Financial Derivative Instruments (h)(j) (0.0)**%(Cost or Premiums, net $51,505) |  | (5331) |
| Other Assets and Liabilities, net (54.6)% |  | (4262434) |
| Net Assets 100.0% |  | $7811124 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 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)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** |
| **(c)** | **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.** |
| **(d)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(g)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **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** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Coupon | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount |  | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (0.5)% | U.S. Government Agencies (0.5)% | U.S. Government Agencies (0.5)% | U.S. Government Agencies (0.5)% | U.S. Government Agencies (0.5)% | U.S. Government Agencies (0.5)% | U.S. Government Agencies (0.5)% | U.S. Government Agencies (0.5)% | U.S. Government Agencies (0.5)% | U.S. Government Agencies (0.5)% | U.S. Government Agencies (0.5)% | U.S. Government Agencies (0.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.000% | 07/01/2055 | 07/01/2055 | 15900 | $ | (14769) | $(14786) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.500 | 08/01/2055 | 08/01/2055 | 25200 |  | (24007) | (24096) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.500 | 07/01/2055 | 07/01/2055 | 200 |  | (200) | (200) |
| **Total Short Sales (0.5)%** | **Total Short Sales (0.5)%** | **Total Short Sales (0.5)%** | **Total Short Sales (0.5)%** | **Total Short Sales (0.5)%** |  |  |  |  | **$** | **(38976)** | $**(39082)** |
| **(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 | Notional<br>Amount | 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 September Futures  | U.S. Treasury 2-Year Note September Futures  | 09/2025 | 809 | $168291 | 168291 | 168291 | $610 | 610 | $44 | 44 | 0 |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2026 | 104 | $(25046) | (25046) | (25046) | $394 | 394 | $0 | 0 | (5) |
| 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 09/2025 | 99 | (23677) | (23677) | (23677) | 536 | 536 | 2 | 2 | 0 |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2026 | 99 | (23909) | (23909) | (23909) | 302 | 302 | 0 | 0 | (7) |
| 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 12/2025 | 81 | (19438) | (19438) | (19438) | 375 | 375 | 0 | 0 | (1) |
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 09/2025 | 7601 | (828509) | (828509) | (828509) | (7190) | (7190) | 0 | 0 | (1010) |
| U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | 09/2025 | 11594 | (1299977) | (1299977) | (1299977) | (14779) | (14779) | 0 | 0 | (3623) |
| U.S. Treasury Long-Term Bond September Futures  | U.S. Treasury Long-Term Bond September Futures  | 09/2025 | 748 | (86371) | (86371) | (86371) | (3042) | (3042) | 0 | 0 | (748) |
|  |  |  |  |  |  |  | (23404) | $ | 2 | $ | (5394) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(22794)** | **$** | **46** | **$** | **(5394)** |

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<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 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:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Liability |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250% | Annual | 06/18/2030 | $1085170 | $(17257) | $8426 | (8831) | $1795 | $0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.300 | Annual | 01/17/2026 | 15800 | 7 | 306 | 313 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.928 | Semi-Annual | 05/06/2026 | 10100 | (11) | 346 | 335 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 0.500 | Semi-Annual | 06/16/2026 | 69500 | (1301) | (1205) | (2506) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Semi-Annual | 06/19/2026 | 176400 | (2985) | 5030 | 2045 | 0 | (15) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/21/2026 | 70230 | 3 | 267 | 270 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.250 | Semi-Annual | 12/15/2026 | 2500 | (40) | 138 | 98 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Semi-Annual | 12/21/2026 | 105400 | 2374 | 953 | 3327 | 0 | (20) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.380 | Semi-Annual | 01/04/2027 | 14500 | (21) | (580) | (601) | 2 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.570 | Semi-Annual | 01/12/2027 | 5300 | (7) | (190) | (197) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.425 | Semi-Annual | 01/18/2027 | 10200 | (18) | (386) | (404) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.418 | Semi-Annual | 01/20/2027 | 5000 | (5) | (194) | (199) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.580 | Semi-Annual | 02/16/2027 | 10400 | (20) | (354) | (374) | 3 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.573 | Annual | 02/28/2027 | 6800 | (12) | (271) | (283) | 2 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.928 | Annual | 03/25/2027 | 11500 | (24) | (365) | (389) | 3 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.620 | Annual | 04/18/2027 | 10700 | (34) | (379) | (413) | 5 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.783 | Annual | 04/22/2027 | 8000 | (28) | (256) | (284) | 2 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.788 | Annual | 05/03/2027 | 8100 | (28) | (254) | (282) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Annual | 06/15/2027 | 12600 | 501 | 109 | 610 | 0 | (4) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.250 | Annual | 06/17/2027 | 17800 | (71) | (362) | (433) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.500 | Semi-Annual | 06/21/2027 | 13600 | 517 | 78 | 595 | 0 | (4) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.370 | Annual | 06/21/2027 | 12300 | (50) | (218) | (268) | 4 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.605 | Annual | 06/28/2027 | 12100 | (61) | (412) | (473) | 4 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.850 | Annual | 08/30/2027 | 11700 | (59) | (264) | (323) | 5 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.050 | Annual | 09/07/2027 | 5900 | (30) | (95) | (125) | 3 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.900 | Annual | 10/04/2027 | 36450 | (265) | (611) | (876) | 16 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.638 | Annual | 05/31/2028 | 4800 | 0 | (28) | (28) | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.655 | Annual | 05/31/2028 | 9500 | 0 | (61) | (61) | 0 | (8) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.807 | Annual | 05/31/2028 | 3400 | 0 | (37) | (37) | 0 | (3) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 0.500 | Semi-Annual | 06/16/2028 | 62849 | (2404) | (3285) | (5689) | 39 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2028 | 1100 | (4) | (7) | (11) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/21/2028 | 26150 | (3) | 118 | 115 | 0 | (22) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.265 | Semi-Annual | 09/28/2028 | 8100 | (10) | (657) | (667) | 6 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.500 | Semi-Annual | 12/15/2028 | 35446 | 583 | (3123) | (2540) | 30 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/20/2028 | 207390 | (314) | 2019 | 1705 | 218 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.379 | Semi-Annual | 12/22/2028 | 7800 | (2) | 590 | 588 | 0 | (7) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.518 | Semi-Annual | 01/20/2029 | 3000 | (5) | (217) | (222) | 2 | 0 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.630 | Semi-Annual | 01/26/2029 | 5100 | (10) | (344) | (354) | 5 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.618 | Annual | 02/09/2029 | 68400 | (163) | (4678) | (4841) | 67 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.567 | Annual | 11/30/2029 | 497600 | 0 | 4177 | 4177 | 733 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Semi-Annual | 12/10/2029 | 14800 | (22) | 1068 | 1046 | 0 | (19) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.500 | Semi-Annual | 12/18/2029 | 11800 | 250 | 825 | 1075 | 0 | (15) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2029 | 117740 | 215 | (1482) | (1267) | 0 | (172) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Semi-Annual | 01/15/2030 | 38000 | (327) | 3478 | 3151 | 0 | (49) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Semi-Annual | 02/12/2030 | 28600 | (363) | 2383 | 2020 | 0 | (38) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Semi-Annual | 03/10/2030 | 14100 | (13) | 994 | 981 | 0 | (19) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 03/19/2030 | 78600 | 3058 | (1343) | 1715 | 0 | (119) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.250 | Semi-Annual | 06/17/2030 | 320180 | 9752 | 26312 | 36064 | 0 | (452) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2030 | 182090 | 2143 | 1401 | 3544 | 0 | (298) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.545 | Annual | 10/31/2030 | 16900 | 0 | 18 | 18 | 0 | (31) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.547 | Annual | 10/31/2030 | 39300 | 0 | 39 | 39 | 0 | (72) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.550 | Annual | 10/31/2030 | 33800 | 0 | 27 | 27 | 0 | (62) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.572 | Annual | 10/31/2030 | 33500 | 0 | (15) | (15) | 0 | (62) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.582 | Annual | 10/31/2030 | 60500 | 0 | (57) | (57) | 0 | (111) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | 10/31/2030 | 42300 | 0 | (72) | (72) | 0 | (78) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.601 | Annual | 10/31/2030 | 76200 | 0 | (154) | (154) | 0 | (140) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.602 | Annual | 10/31/2030 | 76100 | 0 | (160) | (160) | 0 | (140) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.606 | Annual | 10/31/2030 | 33700 | 0 | (78) | (78) | 0 | (62) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.623 | Annual | 10/31/2030 | 33600 | 0 | (109) | (109) | 0 | (62) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.664 | Annual | 10/31/2030 | 22300 | 0 | (123) | (123) | 0 | (41) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.677 | Annual | 10/31/2030 | 17800 | 0 | (111) | (111) | 0 | (33) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.687 | Annual | 10/31/2030 | 28300 | 0 | (192) | (192) | 0 | (52) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.689 | Annual | 10/31/2030 | 47100 | 0 | (325) | (325) | 0 | (87) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | 10/31/2030 | 35700 | 0 | (250) | (250) | 0 | (66) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.721 | Annual | 10/31/2030 | 22300 | 0 | (194) | (194) | 0 | (41) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.722 | Annual | 10/31/2030 | 22300 | 0 | (194) | (194) | 0 | (41) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.727 | Annual | 10/31/2030 | 22300 | 0 | (200) | (200) | 0 | (41) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.732 | Annual | 10/31/2030 | 14800 | 0 | (137) | (137) | 0 | (27) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 10/31/2030 | 22300 | 0 | (211) | (211) | 0 | (41) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.739 | Annual | 10/31/2030 | 22300 | 0 | (215) | (215) | 0 | (41) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.749 | Annual | 10/31/2030 | 22300 | 0 | (228) | (228) | 0 | (41) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Semi-Annual | 12/16/2030 | 9102 | 29 | 1214 | 1243 | 0 | (14) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2030 | 204570 | 1606 | (1163) | 443 | 0 | (385) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | 03/20/2031 | 17670 | (812) | 100 | (712) | 0 | (36) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 0.750 | Semi-Annual | 06/16/2031 | 44422 | (3235) | (3985) | (7220) | 77 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2031 | 467700 | 6337 | (13224) | (6887) | 0 | (996) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.405 | Semi-Annual | 09/07/2031 | 10100 | (44) | 1351 | 1307 | 0 | (19) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.500 | Semi-Annual | 10/05/2031 | 6100 | (14) | (808) | (822) | 12 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.535 | Semi-Annual | 10/15/2031 | 6100 | (10) | (799) | (809) | 12 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.535 | Semi-Annual | 10/22/2031 | 4000 | (9) | (520) | (529) | 8 | 0 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.545 | Semi-Annual | 10/26/2031 | 4000 | (8) | (518) | (526) | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2031 | 33720 | 47 | (417) | (370) | 0 | (80) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.735 | Semi-Annual | 01/12/2032 | 4000 | (10) | (475) | (485) | 8 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.655 | Semi-Annual | 01/24/2032 | 5000 | (14) | (618) | (632) | 11 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.768 | Semi-Annual | 02/02/2032 | 3800 | (11) | (440) | (451) | 8 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.650 | Annual | 02/08/2032 | 6400 | (24) | (744) | (768) | 14 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.988 | Semi-Annual | 02/09/2032 | 1900 | 10 | 189 | 199 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.008 | Semi-Annual | 02/09/2032 | 3100 | 12 | 310 | 322 | 0 | (7) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.770 | Annual | 02/14/2032 | 5700 | (20) | (622) | (642) | 13 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.730 | Annual | 02/24/2032 | 6100 | (23) | (677) | (700) | 13 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.765 | Annual | 03/16/2032 | 2100 | (10) | (225) | (235) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2032 | 88270 | 3344 | (1673) | 1671 | 0 | (213) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.817 | Annual | 04/05/2032 | 23300 | (115) | (2403) | (2518) | 52 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.872 | Annual | 04/06/2032 | 11800 | (61) | (1174) | (1235) | 27 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.694 | Annual | 04/30/2032 | 329800 | 0 | 3986 | 3986 | 845 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.674 | Annual | 05/31/2032 | 333400 | 0 | 3578 | 3578 | 865 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.678 | Annual | 05/31/2032 | 270200 | 0 | 2964 | 2964 | 702 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.680 | Annual | 05/31/2032 | 333700 | 0 | 3682 | 3682 | 866 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.705 | Annual | 05/31/2032 | 298700 | 0 | 3753 | 3753 | 776 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.250 | Annual | 06/15/2032 | 71100 | (5283) | (4801) | (10084) | 161 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2032 | 51180 | (2503) | (3158) | (5661) | 119 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2032 | 11890 | 153 | 54 | 207 | 0 | (30) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.680 | Annual | 07/11/2032 | 1100 | (15) | (65) | (80) | 3 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.690 | Annual | 07/11/2032 | 1100 | (15) | (65) | (80) | 3 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.050 | Annual | 09/06/2032 | 8900 | (74) | (315) | (389) | 23 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.430 | Annual | 02/27/2033 | 2500 | (10) | (21) | (31) | 7 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.405 | Annual | 03/01/2033 | 2600 | (11) | (25) | (36) | 8 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.425 | Annual | 03/01/2033 | 780 | (3) | (7) | (10) | 2 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 03/06/2033 | 2600 | (9) | (47) | (56) | 8 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.450 | Annual | 03/07/2033 | 5000 | (18) | (36) | (54) | 15 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2033 | 1530 | (9) | (54) | (63) | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2033 | 14105 | 141 | 431 | 572 | 0 | (42) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2033 | 22500 | (969) | 683 | (286) | 74 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2033 | 30600 | 849 | (439) | 410 | 0 | (102) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 50910 | (1373) | 1809 | 436 | 182 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 14440 | (97) | 44 | (53) | 0 | (54) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 | 943940 | 47260 | (12628) | 34632 | 0 | (3625) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.524 | Semi-Annual | 01/19/2051 | 23500 | (169) | (10178) | (10347) | 110 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.250 | Semi-Annual | 06/16/2051 | 65800 | 12519 | 19433 | 31952 | 0 | (315) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.967 | Semi-Annual | 06/23/2051 | 22900 | (173) | 8652 | 8479 | 0 | (122) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.968 | Semi-Annual | 06/23/2051 | 69000 | (526) | 26062 | 25536 | 0 | (368) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.815 | Semi-Annual | 01/24/2052 | 1000 | (8) | (391) | (399) | 5 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.867 | Semi-Annual | 01/26/2052 | 1000 | (9) | (381) | (390) | 5 | 0 |

---

------

<br> Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2052 | 06/15/2052 | 174500 | 174500 |  |  | 20937 | 20937 |  | 42974 | 42974 |  | 63911 | 63911 |  | 0 | 0 |  |  |  | (970) |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.080 | Annual | 02/23/2053 | 02/23/2053 | 1300 | 1300 |  |  | (12) | (12) |  | (182) | (182) |  | (194) | (194) |  | 9 | 9 |  |  |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.750 | Annual | 06/21/2053 | 06/21/2053 | 44800 | 44800 |  |  | 4229 | 4229 |  | 4783 | 4783 |  | 9012 | 9012 |  | 0 | 0 |  |  |  | (299) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 12/20/2053 | 12/20/2053 | 109800 | 109800 |  |  | 5438 | 5438 |  | 7992 | 7992 |  | 13430 | 13430 |  | 0 | 0 |  |  |  | (796) |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2055 | 06/18/2055 | 166700 | 166700 |  |  | (22712) | (22712) |  | 3238 | 3238 |  | (19474) | (19474) |  | 1256 | 1256 |  |  |  | 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** | **$** | **$** | $**57929** | **57929** | **57929** | $**108423** | **108423** | **108423** | $**166352** | **166352** | **166352** | $**9273** | **9273** | **9273** | **$** | **$** | $**(11124)** | **(11124)** |
| **(i)** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $79,471 and cash of $7,424 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 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. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(j)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | 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) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value | Market<br>Value | Market<br>Value |
| SAL | SAL | SAL | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | $ | 92.469 | 92.469 | 07/07/2025 | 07/07/2025 |  |  | $ | 4900 | 4900 | 4900 | (26) | (26) | (26) | (26) | $0 | 0 | 0 | 0 |
|  |  |  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  |  | 96.469 | 96.469 | 07/07/2025 | 07/07/2025 |  |  |  | 4900 | 4900 | 4900 | (23) | (23) | (23) | (23) | (2) | (2) | (2) | (2) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **(49)** | **(49)** | **(49)** | **(49)** | $**(2)** | **(2)** | **(2)** | **(2)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **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 ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | Counterparty | Counterparty | Reference Obligation | Reference Obligation | Reference Obligation | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| BOA | BOA | BOA | Long Beach Mortgage Loan Trust 6.584% due 07/25/2033  | Long Beach Mortgage Loan Trust 6.584% due 07/25/2033  | Long Beach Mortgage Loan Trust 6.584% due 07/25/2033  | 6.250% | 6.250% | Monthly | 07/25/2033 | 07/25/2033 | 07/25/2033 | 07/25/2033 | $51 | 51 | 51 | $0 | 0 | 0 | $0 | 0 | 0 | $0 | 0 | 0 | $ | $0 |
| GST | GST | GST | Structured Asset Investment Loan Trust 5.034% due 11/25/2034  | Structured Asset Investment Loan Trust 5.034% due 11/25/2034  | Structured Asset Investment Loan Trust 5.034% due 11/25/2034  | 1.950 | 1.950 | Monthly | 11/25/2034 | 11/25/2034 | 11/25/2034 | 11/25/2034 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $0 | 0 | 0 | $0 | 0 | 0 | $0 | 0 | 0 | $ | $0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | Counterparty | Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset |  |  | Liability |
| BOA | BOA | BOA | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | ABX.HE.AAA.6-2 Index « | 0.110% | 0.110% | Monthly | 05/25/2046 | 05/25/2046 | 05/25/2046 | $ | 7952 | 7952 | (2275) | (2275) | (2275) | 1651 | 1651 | 1651 | 0 | 0 | $ | $ | (624) |
| DUB | DUB | DUB | ABX.HE.AA.6-2 Index « | ABX.HE.AA.6-2 Index « | ABX.HE.AA.6-2 Index « | ABX.HE.AA.6-2 Index « | 0.170 | 0.170 | Monthly | 05/25/2046 | 05/25/2046 | 05/25/2046 |  | 105 | 105 | (42) | (42) | (42) | 24 | 24 | 24 | 0 | 0 |  |  | (18) |
|  |  |  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500 | 0.500 | Monthly | 05/11/2063 | 05/11/2063 | 05/11/2063 |  | 36 | 36 | (1) | (1) | (1) | 1 | 1 | 1 | 0 | 0 |  |  | 0 |
| GST | GST | GST | CMBX.NA.AAA.11 Index  | CMBX.NA.AAA.11 Index  | CMBX.NA.AAA.11 Index  | CMBX.NA.AAA.11 Index  | 0.500 | 0.500 | Monthly | 11/18/2054 | 11/18/2054 | 11/18/2054 |  | 30000 | 30000 | 231 | 231 | 231 | (50) | (50) | (50) | 181 | 181 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | 0.500 | 0.500 | Monthly | 12/16/2072 | 12/16/2072 | 12/16/2072 |  | 160600 | 160600 | (84) | (84) | (84) | 665 | 665 | 665 | 581 | 581 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | 0.500 | 0.500 | Monthly | 10/17/2057 | 10/17/2057 | 10/17/2057 |  | 30 | 30 | (1) | (1) | (1) | 1 | 1 | 1 | 0 | 0 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | 0.500 | 0.500 | Monthly | 09/17/2058 | 09/17/2058 | 09/17/2058 |  | 58326 | 58326 | (3595) | (3595) | (3595) | 3639 | 3639 | 3639 | 44 | 44 |  |  | 0 |
| JPS | JPS | JPS | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | Monthly | 11/17/2059 | 11/17/2059 | 11/17/2059 |  | 3900 | 3900 | (73) | (73) | (73) | 90 | 90 | 90 | 17 | 17 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500 | 0.500 | Monthly | 05/11/2063 | 05/11/2063 | 05/11/2063 |  | 33 | 33 | (1) | (1) | (1) | 1 | 1 | 1 | 0 | 0 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | 0.500 | 0.500 | Monthly | 10/17/2057 | 10/17/2057 | 10/17/2057 |  | 1298 | 1298 | (60) | (60) | (60) | 60 | 60 | 60 | 0 | 0 |  |  | 0 |
| MYC | MYC | MYC | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | 0.500 | 0.500 | Monthly | 08/17/2061 | 08/17/2061 | 08/17/2061 |  | 13500 | 13500 | (38) | (38) | (38) | 110 | 110 | 110 | 72 | 72 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | 0.500 | 0.500 | Monthly | 12/16/2072 | 12/16/2072 | 12/16/2072 |  | 11900 | 11900 | (5) | (5) | (5) | 48 | 48 | 48 | 43 | 43 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500 | 0.500 | Monthly | 05/11/2063 | 05/11/2063 | 05/11/2063 |  | 7 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  |  | 0 |
| SAL | SAL | SAL | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | Monthly | 11/17/2059 | 11/17/2059 | 11/17/2059 |  | 61500 | 61500 | (588) | (588) | (588) | 852 | 852 | 852 | 264 | 264 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.11 Index  | CMBX.NA.AAA.11 Index  | CMBX.NA.AAA.11 Index  | CMBX.NA.AAA.11 Index  | 0.500 | 0.500 | Monthly | 11/18/2054 | 11/18/2054 | 11/18/2054 |  | 55100 | 55100 | 197 | 197 | 197 | 135 | 135 | 135 | 332 | 332 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | 0.500 | 0.500 | Monthly | 08/17/2061 | 08/17/2061 | 08/17/2061 |  | 135000 | 135000 | (340) | (340) | (340) | 1055 | 1055 | 1055 | 715 | 715 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | 0.500 | 0.500 | Monthly | 12/16/2072 | 12/16/2072 | 12/16/2072 |  | 75000 | 75000 | 300 | 300 | 300 | (29) | (29) | (29) | 271 | 271 |  |  | 0 |
| UAG | UAG | UAG | ABX.HE.AA.7-1 Index « | ABX.HE.AA.7-1 Index « | ABX.HE.AA.7-1 Index « | ABX.HE.AA.7-1 Index « | 0.150 | 0.150 | Monthly | 08/25/2037 | 08/25/2037 | 08/25/2037 |  | 105 | 105 | 0 | 0 | 0 | (8) | (8) | (8) | 0 | 0 |  |  | (8) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6375) | (6375) | (6375) | 8245 | 8245 | 8245 | 2520 | 2520 | 2520 | $ | (650) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **(6375)** | **(6375)** | **(6375)** | **8245** | **8245** | **8245** | **2520** | **2520** | **2520** | **$** | **(650)** |
| **(k)** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $779 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable 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 ABS and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <sup>(</sup><sup>3)</sup> | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **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 June 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 June 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 June 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 June 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 June 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 June 30, 2025 in valuing the Portfolio's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 06/30/2025 |
| **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** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | $0 | $17106 | $0 | $17106 |
| Industrials | Industrials | 0 | 1255 | 0 | 1255 |
| U.S. Government Agencies | U.S. Government Agencies | 0 | 4693158 | 0 | 4693158 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 86987 | 0 | 86987 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 1721730 | 8581 | 1730311 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile ABS Other | Automobile ABS Other | 0 | 36461 | 0 | 36461 |
| Automobile Sequential | Automobile Sequential | 0 | 1116291 | 0 | 1116291 |
| CMBS Other | CMBS Other | 0 | 119685 | 0 | 119685 |
| Credit Card Other | Credit Card Other | 0 | 57946 | 0 | 57946 |
| Home Equity Other | Home Equity Other | 2300 | 1318102 | 0 | 1320402 |
| Home Equity Sequential | Home Equity Sequential | 0 | 3495 | 0 | 3495 |
| Manufacturing House ABS Other | Manufacturing House ABS Other | 0 | 14 | 0 | 14 |
| Manufacturing House Sequential | Manufacturing House Sequential | 0 | 4950 | 0 | 4950 |
| Whole Loan Collateral | Whole Loan Collateral | 0 | 342096 | 0 | 342096 |
| Other ABS | Other ABS | 0 | 1456749 | 4943 | 1461692 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds | 0 | 1420 | 0 | 1420 |
| Short-Term Notes | Short-Term Notes | 0 | 4967 | 0 | 4967 |
| U.S. Treasury Bills | U.S. Treasury Bills | 0 | 14647 | 0 | 14647 |
|  |  | $2300 | $10997059 | $13524 | $11012883 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $1066006 | $0 | $0 | $1066006 |
| Total Investments | Total Investments | $1068306 | $10997059 | $13524 | $12078889 |
| **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 | $0 | $(39082) | $0 | $(39082) |
| **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 | 0 | 9319 | 0 | 9319 |
| Over the counter | Over the counter | 0 | 2520 | 0 | 2520 |
|  |  | $0 | $11839 | $0 | $11839 |
| **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 | 0 | (16518) | 0 | (16518) |
| Over the counter | Over the counter | 0 | (2) | (650) | (652) |
|  |  | $0 | $(16520) | $(650) | $(17170) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | $0 | $(4681) | $(650) | $(5331) |
| Totals | Totals | $1068306 | $10953296 | $12874 | $12034476 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

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<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund June 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 165.4% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.3%**  |  |  |
| **Bank of Industry Ltd.**<br>3.695% (EUR003M + 1.700%) due 08/23/2027 ~ | 3100 | $3627 |
| **Republic of Panama**<br>4.804% (EUR006M + 2.450%) due 04/01/2027 «~ | 2000 | 2367 |
| Total Loan Participations and Assignments (Cost $5,413) |  | 5994 |
| **CORPORATE BONDS & NOTES 8.1%**  |  |  |
| **BANKING & FINANCE 5.6%**  |  |  |
| **AerCap Ireland Capital DAC** <br>3.300% due 01/30/2032 | $2000 | 1813 |
| **American Express Co.** <br>5.442% due 01/30/2036 •  | 3900 | 3983 |
| **American Tower Corp.**  |  |  |
| 1.000% due 01/15/2032  | 496 | 502 |
| 3.800% due 08/15/2029  | $836 | 813 |
| **Ares Strategic Income Fund** <br>5.450% due 09/09/2028 | 5700 | 5704 |
| **Aviation Capital Group LLC** <br>4.125% due 08/01/2025 | 1200 | 1199 |
| **Avolon Holdings Funding Ltd.**  |  |  |
| 2.125% due 02/21/2026  | 161 | 158 |
| 2.528% due 11/18/2027  | 2755 | 2620 |
| **Bank of America Corp.**  |  |  |
| 1.734% due 07/22/2027 •  | 3000 | 2917 |
| 5.202% due 04/25/2029 •  | 1200 | 1227 |
| **Bank of Nova Scotia** <br>5.450% due 08/01/2029 | 8400 | 8726 |
| **Barclays PLC**  |  |  |
| 4.837% due 09/10/2028 •  | 400 | 403 |
| 5.690% due 03/12/2030 •  | 2500 | 2587 |
| 6.224% due 05/09/2034 •  | 500 | 531 |
| 7.437% due 11/02/2033 •  | 2800 | 3179 |
| **BPCE SA** <br>5.203% due 01/18/2027 | 250 | 254 |
| **Credicorp Capital Sociedad Titulizadora SA** <br>9.700% due 03/05/2045 « | 1600 | 472 |
| **Credit Suisse AG AT1 Claim** | $14166 | 1700 |
| **Crown Castle, Inc.** <br>4.300% due 02/15/2029 | 351 | 347 |
| **Deutsche Bank AG**  |  |  |
| 1.375% due 09/03/2026 •  | 1900 | 2234 |
| 2.129% due 11/24/2026 •  | $4400 | 4356 |
| 3.547% due 09/18/2031 •  | 4633 | 4335 |
| **Equinix, Inc.** <br>1.550% due 03/15/2028 | 222 | 207 |
| **Extra Space Storage LP** <br>5.400% due 06/15/2035 | 1500 | 1509 |
| **F&G Global Funding** <br>5.875% due 01/16/2030 | 500 | 514 |
| **Fairfax Financial Holdings Ltd.** <br>2.750% due 03/29/2028 | 2303 | 2699 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 3.375% due 11/13/2025  | $1300 | 1291 |
| 5.303% due 09/06/2029  | 1800 | 1768 |
| 5.800% due 03/08/2029  | 700 | 702 |
| 5.918% due 03/20/2028  | 1900 | 1920 |
| 7.350% due 11/04/2027  | 700 | 727 |
| **GA Global Funding Trust**  |  |  |
| 5.500% due 04/01/2032  | 400 | 407 |
| 5.900% due 01/13/2035  | 900 | 913 |
| **Goldman Sachs Group, Inc.** <br>6.249% due 03/15/2028 ~ | 10500 | 10703 |
| **GSPA Monetization Trust** <br>6.422% due 10/09/2029 | 141 | 141 |
| **Healthcare Realty Holdings LP** <br>2.400% due 03/15/2030 | 241 | 215 |
| **Host Hotels & Resorts LP** <br>5.500% due 04/15/2035 | 2000 | 1981 |
| **HPS Corporate Lending Fund** <br>5.950% due 04/14/2032 | 1500 | 1493 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **HSBC** **Holdings PLC**  |  |  |
| 2.357% due 08/18/2031 •  | 431 | 383 |
| 2.848% due 06/04/2031 •  | 300 | 274 |
| 4.950% due 03/31/2030  | 200 | 203 |
| 5.887% due 08/14/2027 •  | 800 | 812 |
| **Jackson National Life Global Funding**  |  |  |
| 5.315% due 01/14/2028 ~  | 500 | 502 |
| 5.350% due 01/13/2030  | 200 | 206 |
| 5.600% due 04/10/2026  | 5200 | 5245 |
| **JPMorgan Chase & Co.**  |  |  |
| 2.182% due 06/01/2028 •  | 862 | 829 |
| 5.040% due 01/23/2028 •  | 3000 | 3029 |
| **Lloyds Banking Group PLC** <br>4.550% due 08/16/2028 | 266 | 267 |
| **Mizuho Financial Group, Inc.**  |  |  |
| 4.711% due 07/08/2031 •(c)  | 3000 | 3001 |
| 5.594% due 07/10/2035 •  | 2300 | 2368 |
| **Morgan Stanley**  |  |  |
| 1.512% due 07/20/2027 •  | 5703 | 5533 |
| 4.654% due 10/18/2030 •  | 1800 | 1804 |
| **Nomura Holdings, Inc.** <br>2.679% due 07/16/2030 | 409 | 371 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (e) | 3900 | 2775 |
| **Park Intermediate Holdings LLC** <br>4.875% due 05/15/2029 | 1500 | 1454 |
| **Prologis LP**  |  |  |
| 4.200% due 02/15/2033  | 900 | 666 |
| 5.000% due 01/31/2035  | $1500 | 1500 |
| **Santander U.K. Group Holdings PLC** <br>6.534% due 01/10/2029 •  | 500 | 522 |
| **Sumitomo Mitsui Financial Group, Inc.**  |  |  |
| 2.130% due 07/08/2030  | 991 | 886 |
| 4.660% due 07/08/2031 •(c)  | 4400 | 4400 |
| **UBS Group AG**  |  |  |
| 3.091% due 05/14/2032 •  | 1700 | 1544 |
| 4.194% due 04/01/2031 •  | 250 | 245 |
| **VICI Properties LP** <br>4.750% due 02/15/2028 | 1650 | 1660 |
| **Vitality Re Ltd.** <br>8.044% due 01/08/2030 ~ | 250 | 251 |
| **Wells Fargo & Co.**  |  |  |
| 1.741% due 05/04/2030 •  | 2100 | 2371 |
| 5.707% due 04/22/2028 •  | $500 | 511 |
| **Weyerhaeuser Co.** <br>4.000% due 04/15/2030 | 354 | 345 |
|  |  | 121207 |
| **INDUSTRIALS 1.2%**  |  |  |
| **AngloGold Ashanti Holdings PLC** <br>3.375% due 11/01/2028 | 4300 | 4107 |
| **Bayer U.S. Finance LLC**  |  |  |
| 4.375% due 12/15/2028  | 400 | 396 |
| 6.375% due 11/21/2030  | 400 | 425 |
| 6.500% due 11/21/2033  | 200 | 215 |
| 6.875% due 11/21/2053  | 400 | 425 |
| **Boeing Co.** <br>2.196% due 02/04/2026 | 1300 | 1280 |
| **Cheniere Corpus Christi Holdings LLC** <br>3.700% due 11/15/2029 | 1300 | 1255 |
| **CVS Health Corp.** <br>4.125% due 04/01/2040 | 8 | 7 |
| **CVS Pass-Through Trust** <br>6.943% due 01/10/2030 | 23 | 23 |
| **DAE Funding LLC** <br>3.375% due 03/20/2028 | 1800 | 1733 |
| **Energy Transfer LP** <br>5.700% due 04/01/2035 | 1300 | 1325 |
| **Equinor ASA** <br>3.125% due 04/06/2030 | 18 | 17 |
| **Expedia Group, Inc.** <br>2.950% due 03/15/2031 | 189 | 172 |
| **Hyatt Hotels Corp.** <br>5.750% due 03/30/2032 | 200 | 205 |
| **Imperial Brands Finance PLC** <br>3.500% due 07/26/2026 | 1527 | 1509 |
| **Mars, Inc.** <br>5.200% due 03/01/2035 | 600 | 608 |
| **MPLX LP** <br>2.650% due 08/15/2030 | 1100 | 996 |
| **Nakilat, Inc.** <br>6.067% due 12/31/2033 | 363 | 380 |
| **NPC Ukrenergo** <br>6.875% due 11/09/2028 | 400 | 325 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Occidental** **Petroleum Corp.** <br>5.550% due 10/01/2034 | 8500 | 8346 |
| **Oracle Corp.** <br>3.600% due 04/01/2040 | 18 | 14 |
| **Rolls-Royce PLC** <br>1.625% due 05/09/2028 | 400 | 460 |
| **Southern Co.** <br>3.700% due 04/30/2030 | $123 | 119 |
| **T-Mobile USA, Inc.**  |  |  |
| 2.875% due 02/15/2031  | 1800 | 1639 |
| 3.375% due 04/15/2029  | 1300 | 1252 |
|  |  | 27233 |
| **UTILITIES 1.3%**  |  |  |
| **Consolidated Edison Co. of New York, Inc.** <br>3.350% due 04/01/2030 | 266 | 256 |
| **Edison International**  |  |  |
| 5.750% due 06/15/2027  | 54 | 54 |
| 6.250% due 03/15/2030  | 700 | 711 |
| **Eversource Energy** <br>5.850% due 04/15/2031 | 6300 | 6631 |
| **Exelon Corp.** <br>4.050% due 04/15/2030 | 18 | 18 |
| **Georgia Power Co.** <br>2.650% due 09/15/2029 | 18 | 17 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.500% due 02/01/2031  | 582 | 505 |
| 3.000% due 06/15/2028  | 2300 | 2185 |
| 4.550% due 07/01/2030  | 1200 | 1172 |
| 5.339% due 09/04/2025 ~  | 6000 | 6000 |
| 6.150% due 03/01/2055  | 600 | 561 |
| **Rio Oil Finance Trust** <br>8.200% due 04/06/2028 | 1346 | 1404 |
| **San Diego Gas & Electric Co.**  |  |  |
| 5.350% due 04/01/2053  | 900 | 841 |
| 5.550% due 04/15/2054  | 234 | 226 |
| **Southern California Edison Co.**  |  |  |
| 4.650% due 10/01/2043  | 1500 | 1214 |
| 4.875% due 02/01/2027  | 2300 | 2314 |
| 5.150% due 06/01/2029  | 3600 | 3638 |
| 5.350% due 03/01/2026  | 1100 | 1106 |
|  |  | 28853 |
| Total Corporate Bonds & Notes (Cost $176,075) |  | 177293 |
| **MUNICIPAL BONDS & NOTES 0.1%**  |  |  |
| **CALIFORNIA 0.1%**  |  |  |
| **California State Public Works Board Revenue Bonds, (BABs), Series 2010** <br>7.804% due 03/01/2035 | 35 | 40 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021** <br>3.000% due 06/01/2046 | 1065 | 935 |
|  |  | 975 |
| **ILLINOIS 0.0%**  |  |  |
| **Chicago, Illinois Waterworks Revenue Bonds, Series 2010** <br>6.642% due 11/01/2029 | 110 | 114 |
| **Illinois State General Obligation Bonds, (BABs), Series 2010**  |  |  |
| 6.630% due 02/01/2035  | 50 | 53 |
| 6.725% due 04/01/2035  | 100 | 106 |
| 7.350% due 07/01/2035  | 79 | 84 |
|  |  | 357 |
| **NEBRASKA 0.0%**  |  |  |
| **Public Power Generation Agency, Nebraska Revenue Bonds, (BABs), Series 2009** <br>7.242% due 01/01/2041 | 20 | 22 |
| **OHIO 0.0%**  |  |  |
| **Ohio State University Revenue Bonds, Series 2011** <br>4.800% due 06/01/2111 | 67 | 56 |
| **PENNSYLVANIA 0.0%**  |  |  |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, (BABs), Series 2010** <br>6.532% due 06/15/2039 | 5 | 5 |
| **WASHINGTON 0.0%**  |  |  |
| **Washington State Convention Center Public Facilities District Revenue Bonds, (BABs), Series 2010** <br>6.790% due 07/01/2040 | 635 | 669 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Municipal Bonds & Notes (Cost $2,392) |  | 2084 |
| **U.S. GOVERNMENT AGENCIES 57.8%**  |  |  |
| **Fannie Mae**  |  |  |
| 0.000% due 08/25/2039 (b)(e) | 69 | 60 |
| 0.000% due 11/25/2040 •  | 1 | 1 |
| 1.430% due 03/25/2041 •(a) | 106 | 10 |
| 1.630% due 03/25/2037 •(a) | 30 | 3 |
| 1.680% due 04/25/2037 •(a) | 110 | 10 |
| 1.730% due 11/25/2039 •(a) | 17 | 2 |
| 1.960% due 03/25/2037 •(a) | 40 | 4 |
| 1.980% due 05/25/2037 •(a) | 97 | 8 |
| 2.280% due 03/25/2036 •(a) | 29 | 2 |
| 2.349% due 01/25/2031 ~(a) | 781 | 45 |
| 2.370% due 04/25/2037 •(a) | 182 | 24 |
| 2.780% due 02/25/2037 •(a) | 18 | 2 |
| 3.230% due 07/25/2033 •(a) | 10 | 1 |
| 4.202% due 10/01/2029 ~ | 11100 | 11146 |
| 4.300% due 12/01/2029 | 7717 | 7774 |
| 4.500% due 09/25/2040 | 452 | 435 |
| 4.540% due 07/01/2030 | 2600 | 2634 |
| 4.705% due 09/01/2031 ~ | 20400 | 20789 |
| 4.720% due 10/01/2028 - 08/01/2030 | 7274 | 7410 |
| 4.750% due 04/25/2037 •  | 1 | 1 |
| 4.770% due 10/01/2028 | 3100 | 3162 |
| 4.770% due 07/25/2037 - 09/25/2042 •  | 7 | 6 |
| 4.800% due 07/25/2037 •  | 7 | 7 |
| 4.820% due 09/25/2035 •  | 12 | 11 |
| 4.830% due 09/25/2035 •  | 10 | 10 |
| 4.850% due 05/01/2029 | 1900 | 1944 |
| 4.860% due 08/01/2030 | 3500 | 3602 |
| 4.881% due 03/25/2036 •  | 1 | 1 |
| 4.930% due 06/01/2029 | 5000 | 5129 |
| 4.940% due 10/25/2040 •  | 4 | 4 |
| 5.060% due 10/01/2033 | 7039 | 7234 |
| 5.140% due 06/25/2037 •  | 49 | 49 |
| 5.210% due 04/01/2035 | 2136 | 2210 |
| 5.255% due 11/25/2054 •  | 7704 | 7661 |
| 5.300% due 11/01/2030 | 10000 | 10452 |
| 5.402% due 07/25/2055 ~•  | 1000 | 1000 |
| 6.202% due 03/01/2034 •  | 4 | 4 |
| 6.426% due 12/01/2034 •  | 16 | 16 |
| 6.534% due 10/01/2035 •  | 1 | 1 |
| 6.692% due 08/01/2035 •  | 2 | 2 |
| 6.797% due 03/01/2036 •  | 1 | 1 |
| 7.037% due 11/01/2034 •  | 0 | 1 |
| 8.881% due 12/25/2036 •  | 1 | 2 |
| **Freddie Mac**  |  |  |
| 1.269% due 09/15/2041 •  | 134 | 126 |
| 2.023% due 02/15/2040 •  | 26 | 24 |
| 2.052% due 07/15/2036 •(a) | 59 | 6 |
| 2.152% due 09/15/2036 •(a) | 34 | 4 |
| 2.282% due 04/15/2036 •(a) | 6 | 1 |
| 2.862% due 07/25/2054 ~ | 6500 | 6099 |
| 3.000% due 11/01/2032 | 2436 | 2369 |
| 3.500% due 07/15/2042 - 05/01/2049 | 761 | 711 |
| 3.650% due 11/01/2043 | 10377 | 8576 |
| 4.000% due 07/01/2047 - 03/01/2049 | 520 | 494 |
| 4.718% due 05/15/2037 •  | 1 | 1 |
| 4.798% due 03/15/2037 •  | 12 | 12 |
| 4.818% due 11/15/2043 •  | 16 | 16 |
| 4.968% due 07/15/2041 •  | 21 | 21 |
| 5.000% due 01/01/2028 - 04/15/2041 | 442 | 446 |
| 5.118% due 08/15/2037 •  | 58 | 58 |
| 5.128% due 10/15/2037 •  | 8 | 8 |
| 5.138% due 05/15/2037 - 09/15/2037 •  | 63 | 62 |
| 5.245% due 11/25/2054 •  | 8494 | 8477 |
| 5.404% due 07/25/2055 ~•  | 1100 | 1100 |
| 5.500% due 03/15/2034 - 03/01/2039 | 46 | 48 |
| 5.505% due 02/25/2055 •  | 1874 | 1880 |
| 5.799% due 07/25/2044 •  | 2 | 2 |
| 6.000% due 08/01/2027 - 12/01/2037 | 1 | 1 |
| 6.500% due 05/01/2035 | 12 | 13 |
| **Ginnie Mae**  |  |  |
| 3.500% due 02/15/2045 - 03/15/2045 | 48 | 45 |
| 4.750% due 11/20/2044 •  | 96 | 99 |
| 4.789% due 08/20/2047 •  | 145 | 142 |
| 4.977% due 04/20/2068 •  | 378 | 383 |
| 5.000% due 08/15/2033 - 03/15/2042 | 595 | 602 |
| 6.000% due 07/15/2037 - 08/15/2037 | 2 | 2 |
| **Ginnie Mae, TBA**  |  |  |
| 4.000% due 07/01/2055 - 08/01/2055 | 42180 | 39217 |
| 4.500% due 07/01/2055 | 14530 | 13911 |
| 5.000% due 07/01/2055 | 27010 | 26536 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **U** **.S. Small Business Administration**  |  |  |
| 4.430% due 05/01/2029 | 2 | 2 |
| 5.490% due 03/01/2028 | 2 | 2 |
| 6.020% due 08/01/2028 | 18 | 19 |
| **Uniform Mortgage-Backed Security**  |  |  |
| 3.000% due 12/01/2026 - 12/01/2032 | 3645 | 3532 |
| 3.500% due 02/01/2043 - 09/01/2048 | 1935 | 1776 |
| 4.000% due 06/01/2026 - 10/01/2030 | 1 | 1 |
| 4.500% due 09/01/2025 - 12/01/2054 | 16531 | 15982 |
| 5.000% due 07/01/2025 - 12/01/2029 | 13 | 12 |
| 5.500% due 09/01/2025 - 05/01/2053 | 1642 | 1656 |
| 6.000% due 10/01/2026 - 06/01/2054 | 14106 | 14411 |
| 6.500% due 01/01/2029 - 08/01/2054 | 16 | 17 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 07/01/2055 | 48900 | 42321 |
| 4.000% due 07/01/2055 - 08/01/2055 | 149400 | 138908 |
| 4.500% due 08/01/2055 | 64940 | 62095 |
| 5.000% due 07/01/2055 - 08/01/2055 | 115490 | 113147 |
| 5.500% due 08/01/2055 | 55690 | 55640 |
| 6.000% due 08/01/2055 | 183150 | 185953 |
| 6.500% due 08/01/2055 | 409550 | 422291 |
| Total U.S. Government Agencies (Cost $1,250,487) |  | 1262127 |
| **U.S. TREASURY OBLIGATIONS 7.8%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.375% due 11/15/2040 (j) | 4100 | 2613 |
| 2.250% due 08/15/2049 (l) | 146 | 91 |
| 3.000% due 08/15/2048 (l) | 473 | 350 |
| 3.000% due 02/15/2049 (j)(l) | 17298 | 12751 |
| 3.125% due 05/15/2048 (l) | 124 | 95 |
| 4.125% due 08/15/2053 (l) | 100 | 89 |
| 4.625% due 02/15/2040 (j) | 3734 | 3757 |
| 4.625% due 05/15/2044 (l) | 27300 | 26781 |
| **U.S. Treasury Inflation Protected Securities (f)** |  |  |
| 1.000% due 02/15/2046 (j) | 2033 | 1542 |
| 1.000% due 02/15/2048 (j) | 5655 | 4163 |
| 1.375% due 07/15/2033 (j) | 6126 | 5952 |
| 1.750% due 01/15/2034 (j) | 1774 | 1759 |
| 1.875% due 07/15/2034  | 79837 | 79944 |
| 2.125% due 04/15/2029 (j) | 27170 | 27908 |
| **U.S. Treasury Notes**  |  |  |
| 2.375% due 05/15/2029 (j)(l) | 2075 | 1975 |
| Total U.S. Treasury Obligations (Cost $187,551) |  | 169770 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 8.6%**  |  |  |
| **Adjustable Rate Mortgage Trust** <br>5.365% due 01/25/2036 ~ | 413 | 312 |
| **American Home Mortgage Assets Trust**  |  |  |
| 4.624% due 05/25/2046 •  | 7 | 6 |
| 4.624% due 10/25/2046 •  | 31 | 16 |
| 5.319% due 11/25/2046 •  | 10503 | 2550 |
| 6.750% due 11/25/2046  | 161 | 144 |
| **American Home Mortgage Investment Trust** <br>6.500% due 03/25/2047  | 23 | 15 |
| **Angel Oak Mortgage Trust** <br>1.469% due 06/25/2065 ~ | 23 | 22 |
| **Banc of America Funding Trust**  |  |  |
| 4.474% due 06/20/2037 ~  | 8 | 7 |
| 4.812% due 10/20/2036 •  | 5 | 4 |
| 4.846% due 09/20/2046 ~  | 299 | 269 |
| 4.852% due 04/20/2047 •  | 3 | 2 |
| 4.892% due 02/20/2047 •  | 304 | 285 |
| 4.994% due 02/20/2035 ~  | 6 | 5 |
| 6.000% due 08/25/2036  | 5 | 5 |
| **Banc of America Mortgage Trust**  |  |  |
| 5.442% due 06/25/2035 ~  | 3 | 3 |
| 5.749% due 06/25/2034 ~  | 3 | 3 |
| 5.904% due 02/25/2034 ~  | 5 | 4 |
| 6.019% due 01/25/2035 ~  | 4 | 4 |
| **BCAP LLC Trust** <br>4.794% due 03/25/2037 •  | 1391 | 1258 |
| **Bear Stearns Adjustable Rate Mortgage Trust**  |  |  |
| 4.521% due 02/25/2036 ~  | 37 | 34 |
| 4.848% due 07/25/2034 ~  | 4 | 4 |
| 5.925% due 11/25/2034 ~  | 1 | 1 |
| 6.260% due 01/25/2033 ~  | 23 | 23 |
| 6.530% due 02/25/2036 •  | 3 | 3 |
| 6.547% due 04/25/2033 ~  | 1 | 1 |
| 7.326% due 08/25/2033 ~  | 2 | 2 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.506% due 11/25/2035 ~  | 41 | 38 |
| 4.754% due 08/25/2036 •  | 283 | 250 |
| 4.754% due 01/25/2047 •  | 29 | 25 |
| 4.774% due 12/25/2046 •  | 3 | 3 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.934% due 01/25/2036 •  | 4 | 3 |
| 5.197% due 07/25/2035 ~  | 42 | 27 |
| 5.326% due 10/25/2035 ~  | 33 | 28 |
| 5.467% due 05/25/2035 ~  | 10 | 10 |
| **BX Trust** <br>5.723% due 10/15/2036 •  | 16000 | 15987 |
| **Chase Mortgage Finance Trust**  |  |  |
| 4.745% due 12/25/2035 ~  | 1 | 1 |
| 4.897% due 09/25/2036 ~  | 82 | 69 |
| 4.918% due 01/25/2036 ~  | 4 | 4 |
| **ChaseFlex Trust** <br>5.034% due 07/25/2037 •  | 2267 | 2003 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>4.664% due 05/25/2036 •  | 53 | 50 |
| **Citigroup Mortgage Loan Trust**  |  |  |
| 4.754% due 01/25/2037 •  | 73 | 64 |
| 4.783% due 09/25/2037 ~  | 104 | 96 |
| 6.170% due 09/25/2062  | 14401 | 14396 |
| 6.300% due 03/25/2036 •  | 14 | 14 |
| 6.560% due 10/25/2035 •  | 7 | 7 |
| 7.230% due 10/25/2035 •  | 6 | 6 |
| **CitiMortgage Alternative Loan Trust**  |  |  |
| 5.034% due 04/25/2037 •  | 105 | 87 |
| 6.000% due 12/25/2036  | 32 | 29 |
| 6.000% due 06/25/2037  | 44 | 38 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 3.262% due 08/25/2035 ~  | 875 | 748 |
| 4.622% due 09/20/2046 •  | 1419 | 1456 |
| 4.634% due 04/25/2047 •  | 1017 | 1003 |
| 4.642% due 09/20/2046 •  | 11 | 10 |
| 4.644% due 04/25/2047 •  | 1446 | 1266 |
| 4.674% due 12/25/2046 •  | 5119 | 4551 |
| 4.734% due 06/25/2035 •  | 783 | 501 |
| 4.774% due 05/25/2047 •  | 153 | 137 |
| 4.814% due 09/25/2046 •  | 39 | 38 |
| 4.834% due 05/25/2036 •  | 57 | 49 |
| 4.834% due 08/25/2037 •  | 9 | 6 |
| 4.852% due 03/20/2046 •  | 11 | 10 |
| 4.852% due 07/20/2046 •  | 6 | 5 |
| 4.892% due 05/20/2046 •  | 3 | 2 |
| 4.934% due 11/25/2036 •  | 10833 | 9130 |
| 4.954% due 12/25/2035 •  | 5 | 4 |
| 4.984% due 05/25/2035 •  | 21 | 16 |
| 4.994% due 02/25/2037 •  | 232 | 196 |
| 5.034% due 08/25/2035 •  | 172 | 162 |
| 5.036% due 11/20/2035 •  | 25 | 23 |
| 5.072% due 12/20/2035 •  | 33 | 31 |
| 5.074% due 11/25/2035 •  | 174 | 157 |
| 5.399% due 12/25/2035 •  | 5 | 4 |
| 5.500% due 05/25/2035  | 83 | 66 |
| 5.500% due 06/25/2035  | 141 | 113 |
| 5.500% due 11/25/2035  | 61 | 34 |
| 5.750% due 03/25/2037  | 75 | 39 |
| 5.799% due 08/25/2035 •  | 16 | 15 |
| 5.879% due 01/25/2036 •  | 61 | 57 |
| 6.000% due 12/25/2035  | 188 | 135 |
| 6.000% due 05/25/2036  | 32 | 14 |
| 6.000% due 08/25/2036 •  | 38 | 22 |
| 6.000% due 05/25/2037  | 109 | 46 |
| 6.250% due 08/25/2036  | 551 | 292 |
| 6.449% due 10/20/2035 •  | 4 | 3 |
| 7.000% due 10/25/2037  | 71 | 24 |
| **Countrywide Home Loan Mortgage Pass-Through Trust**  |  |  |
| 4.894% due 05/25/2035 •  | 11 | 10 |
| 5.014% due 04/25/2035 •  | 637 | 607 |
| 5.034% due 05/25/2035 •  | 29 | 26 |
| 5.074% due 03/25/2035 •  | 1 | 1 |
| 5.094% due 02/25/2035 •  | 5 | 4 |
| 5.138% due 11/25/2034 ~  | 8 | 8 |
| 5.750% due 05/25/2037  | 3 | 2 |
| 6.000% due 07/25/2036  | 234 | 113 |
| 6.000% due 01/25/2037  | 158 | 74 |
| 6.000% due 02/25/2037  | 159 | 72 |
| 6.248% due 02/20/2036 •  | 2 | 2 |
| 6.500% due 12/25/2037  | 361 | 143 |
| 7.503% due 10/20/2034 ~  | 9 | 9 |
| **Countrywide Home Loan Reperforming REMIC Trust** <br>4.774% due 06/25/2035 •  | 25 | 24 |
| **Credit Suisse First Boston Mortgage Securities Corp.**  |  |  |
| 5.250% due 09/25/2035  | 168 | 131 |
| **Credit Suisse Mortgage Capital Mortgage-Backed Trust**  |  |  |
| 3.241% due 11/30/2037 ~  | 12229 | 11180 |
| 3.851% due 12/27/2037 ~  | 4879 | 4268 |
| 4.118% due 12/27/2060 ~  | 3082 | 3072 |
| 4.197% due 07/27/2061 ~  | 6062 | 6013 |
| 4.734% due 01/27/2037 •  | 19 | 13 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.905% due 06/25/2050 ~  | 392 | 351 |
| 5.750% due 08/25/2036  | 7 | 6 |
| 5.750% due 03/25/2037  | 15 | 7 |
| 6.421% due 10/25/2037 ~  | 200 | 116 |
| **CSAB Mortgage-Backed Trust** <br>6.184% due 12/25/2036 | 1267 | 198 |
| **Deutsche Alt-A Securities Mortgage Loan Trust**  |  |  |
| 4.814% due 02/25/2037 •  | 4329 | 3749 |
| 5.934% due 10/25/2047 •  | 156 | 119 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust**  |  |  |
| 4.934% due 02/25/2035 •  | 70 | 69 |
| 5.094% due 02/25/2036 •  | 105 | 103 |
| **DSLA Mortgage Loan Trust**  |  |  |
| 4.572% due 04/19/2047 •  | 499 | 429 |
| 4.622% due 10/19/2036 •  | 111 | 100 |
| 4.952% due 08/19/2045 •  | 3 | 3 |
| 5.252% due 09/19/2044 •  | 18 | 16 |
| **Eurohome U.K. Mortgages PLC** <br>4.508% due 06/15/2044 •  | 3 | 5 |
| **First Horizon Alternative Mortgage Securities Trust**  |  |  |
| 4.649% due 03/25/2035 ~  | $1 | 0 |
| 5.138% due 06/25/2036 ~  | 200 | 160 |
| 5.365% due 12/25/2035 ~  | 15 | 11 |
| **First Horizon Mortgage Pass-Through Trust** <br>5.257% due 10/25/2035 ~ | 45 | 41 |
| **GreenPoint Mortgage Funding Trust** <br>4.794% due 01/25/2037 •  | 113 | 103 |
| **GS Mortgage Securities Corp. Pass-Through Trust** <br>4.889% due 12/26/2036 •  | 63 | 45 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.429% due 11/25/2035 ~  | 9 | 8 |
| 4.985% due 11/25/2035 ~  | 3 | 3 |
| 5.018% due 07/25/2035 ~  | 1 | 1 |
| 5.500% due 01/25/2037  | 6 | 11 |
| 5.880% due 04/25/2032 •  | 5 | 5 |
| 5.957% due 09/25/2035 ~  | 11 | 10 |
| 6.000% due 02/25/2036  | 222 | 84 |
| 6.000% due 07/25/2037  | 54 | 34 |
| 6.562% due 09/25/2035 ~  | 1 | 1 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.300% due 06/19/2036 ~  | 54 | 28 |
| 4.652% due 07/19/2047 •  | 124 | 118 |
| 4.772% due 12/19/2036 •  | 4 | 4 |
| 4.842% due 12/19/2036 •  | 230 | 180 |
| 4.872% due 05/19/2035 •  | 152 | 146 |
| 4.912% due 06/19/2035 •  | 992 | 969 |
| 4.912% due 12/19/2036 •  | 96 | 91 |
| 4.932% due 01/19/2036 •  | 417 | 271 |
| 5.112% due 06/20/2035 •  | 77 | 74 |
| 6.399% due 10/19/2035 •  | 267 | 126 |
| **HomeBanc Mortgage Trust** <br>5.054% due 03/25/2035 •  | 93 | 75 |
| **Impac CMB Trust** <br>5.074% due 03/25/2035 •  | 129 | 125 |
| **Impac Secured Assets Trust**  |  |  |
| 4.974% due 02/25/2037 •  | 10311 | 9499 |
| 5.933% due 07/25/2035 ~  | 16 | 15 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 4.057% due 06/25/2036 ~  | 95 | 83 |
| 4.213% due 05/25/2035 ~  | 137 | 95 |
| 4.734% due 06/25/2037 •  | 4 | 2 |
| 4.794% due 02/25/2037 •  | 60 | 55 |
| 4.814% due 09/25/2046 •  | 46 | 42 |
| 4.834% due 11/25/2046 •  | 410 | 389 |
| 4.854% due 05/25/2046 •  | 4052 | 3676 |
| 4.914% due 07/25/2035 •  | 119 | 109 |
| 4.954% due 06/25/2035 •  | 25 | 20 |
| 5.074% due 07/25/2045 •  | 3 | 2 |
| **JP Morgan Alternative Loan Trust**  |  |  |
| 4.250% due 05/25/2036 ~  | 53 | 30 |
| 6.000% due 12/27/2036  | 51 | 25 |
| 6.500% due 03/25/2036  | 1670 | 857 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>5.809% due 12/15/2031 •  | 133 | 133 |
| **JP Morgan Mortgage Trust**  |  |  |
| 4.154% due 07/27/2037 ~  | 44 | 41 |
| 4.428% due 10/25/2036 ~  | 3 | 2 |
| 4.504% due 10/25/2036 ~  | 23 | 17 |
| 4.861% due 04/25/2036 ~  | 488 | 432 |
| 5.479% due 08/25/2035 ~  | 14 | 13 |
| 5.614% due 04/25/2037 ~  | 3 | 2 |
| 6.226% due 07/25/2035 ~  | 48 | 47 |
| **Legacy Mortgage Asset Trust**  |  |  |
| 5.250% due 07/25/2067  | 2352 | 2350 |
| 5.750% due 04/25/2061  | 3001 | 3003 |
| 5.750% due 07/25/2061  | 4837 | 4825 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.892% due 10/25/2066  | 2807 | 2809 |
| **Lehman Mortgage Trust** <br>5.084% due 11/25/2036 •  | 406 | 190 |
| **Lehman XS Trust**  |  |  |
| 4.834% due 03/25/2047 •  | 4470 | 4057 |
| 4.884% due 08/25/2046 •  | 552 | 564 |
| 4.934% due 08/25/2037 •  | 37 | 36 |
| 6.134% due 09/25/2047 •  | 39 | 35 |
| **Luminent Mortgage Trust**  |  |  |
| 4.509% due 04/25/2036 ~  | 1710 | 1136 |
| 5.154% due 04/25/2036 •  | 23 | 20 |
| **MASTR Adjustable Rate Mortgages Trust**  |  |  |
| 3.191% due 07/25/2035 ~  | 7 | 6 |
| 5.099% due 10/25/2033 ~  | 30 | 26 |
| 5.199% due 12/25/2046 •  | 10079 | 8213 |
| 6.043% due 11/21/2034 ~  | 127 | 123 |
| **MASTR Asset Securitization Trust** <br>6.000% due 06/25/2036 | 76 | 42 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Trust**  |  |  |
| 5.286% due 08/15/2032 •  | 8 | 8 |
| **Merrill Lynch Alternative Note Asset Trust**  |  |  |
| 4.654% due 03/25/2037 •  | 120 | 28 |
| 4.834% due 03/25/2037 •  | 1870 | 440 |
| 4.854% due 04/25/2037 •  | 13694 | 2330 |
| 5.034% due 03/25/2037 •  | 77 | 18 |
| 6.000% due 03/25/2037  | 37 | 12 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 5.154% due 04/25/2035 ~  | 5 | 5 |
| 5.205% due 05/25/2036 ~  | 27 | 26 |
| 5.232% due 09/25/2035 ~  | 41 | 32 |
| 5.879% due 05/25/2033 ~  | 2 | 2 |
| 6.210% due 02/25/2033 •  | 5 | 5 |
| **Mill City Mortgage Loan Trust** <br>2.750% due 08/25/2059 ~ | 32 | 31 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 3.601% due 07/25/2035 ~  | 53 | 47 |
| 6.000% due 08/25/2036  | 57 | 24 |
| 6.075% due 06/25/2036 ~  | 2 | 2 |
| 6.815% due 06/25/2036  | 806 | 213 |
| **Morgan Stanley Re-REMIC Trust** <br>5.250% due 05/26/2037 ~ | 50 | 22 |
| **Mortgage Equity Conversion Asset Trust** <br>10.000% due 05/25/2042 •  | 34 | 28 |
| **MortgageIT Trust** <br>4.954% due 12/25/2035 •  | 98 | 97 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 628 | 604 |
| 2.750% due 11/25/2059 ~  | 820 | 787 |
| 3.500% due 12/25/2057 ~  | 430 | 417 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust**  |  |  |
| 4.624% due 06/25/2037 •  | 3007 | 2494 |
| 5.476% due 05/25/2035  | 20 | 9 |
| 5.769% due 06/25/2036 ~  | 10229 | 2705 |
| **NovaStar Mortgage Funding Trust** <br>0.445% due 09/25/2046 •  | 1300 | 460 |
| **PHH Alternative Mortgage Trust** <br>4.754% due 02/25/2037 •  | 116 | 86 |
| **Residential Accredit Loans, Inc. Trust**  |  |  |
| 4.734% due 02/25/2037 •  | 46 | 41 |
| 4.734% due 02/25/2047 •  | 1341 | 1207 |
| 4.754% due 01/25/2037 •  | 848 | 761 |
| 4.774% due 01/25/2037 •  | 1960 | 1731 |
| 4.794% due 07/25/2036 •  | 194 | 63 |
| 4.794% due 09/25/2036 •  | 218 | 201 |
| 4.804% due 08/25/2036 •  | 85 | 77 |
| 4.814% due 07/25/2036 •  | 74 | 67 |
| 4.814% due 09/25/2036 •  | 120 | 110 |
| 4.934% due 08/25/2035 •  | 371 | 254 |
| 5.000% due 09/25/2036  | 3 | 2 |
| 5.199% due 09/25/2046 •  | 5815 | 4879 |
| 5.397% due 10/25/2037 ~  | 196 | 158 |
| 6.000% due 08/25/2036  | 10 | 8 |
| 6.000% due 01/25/2037  | 20 | 16 |
| 6.000% due 03/25/2037  | 81 | 68 |
| 6.104% due 11/25/2037 ~  | 108 | 91 |
| 6.500% due 08/25/2036  | 893 | 732 |
| 6.970% due 09/25/2034 ~  | 31 | 31 |
| **Residential Asset Securitization Trust**  |  |  |
| 5.500% due 09/25/2035  | 76 | 35 |
| 6.000% due 03/25/2037  | 809 | 244 |
| **Residential Funding Mortgage Securities, Inc. Trust** <br>5.594% due 04/25/2037 ~ | 101 | 87 |
| **Sequoia Mortgage Trust**  |  |  |
| 3.579% due 09/20/2046 ~  | 50 | 33 |
| 4.992% due 07/20/2034 •  | 72 | 72 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Starwood** **Mortgage Residential Trust** <br>1.486% due 04/25/2065 ~ | 53 | 51 |
| **Stratton Mortgage Funding PLC** <br>5.389% due 06/20/2060 •  | 1706 | 2347 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 3.937% due 11/25/2035 ~  | $30 | 28 |
| 3.972% due 01/25/2035 ~  | 7 | 7 |
| 4.734% due 08/25/2036 •  | 29 | 23 |
| 5.098% due 08/25/2035 ~  | 19 | 10 |
| 5.267% due 03/25/2036 ~  | 21 | 17 |
| 5.799% due 01/25/2035 •  | 2 | 2 |
| 6.734% due 12/25/2037 •  | 338 | 284 |
| **Structured Asset Mortgage Investments Trust**  |  |  |
| 4.554% due 08/25/2036 •  | 110 | 97 |
| 4.814% due 07/25/2046 •  | 39 | 32 |
| 4.854% due 04/25/2036 •  | 11 | 10 |
| 4.874% due 05/25/2046 •  | 9 | 3 |
| 4.894% due 02/25/2036 •  | 31 | 29 |
| 4.994% due 02/25/2036 •  | 2 | 2 |
| 5.132% due 02/19/2035 •  | 1 | 1 |
| 6.226% due 02/25/2036 •  | 9 | 8 |
| **SunTrust Adjustable Rate Mortgage Loan Trust** <br>6.850% due 01/25/2037 ~ | 30 | 18 |
| **Thornburg Mortgage Securities Trust**  |  |  |
| 2.903% due 03/25/2044 ~  | 22 | 21 |
| 5.538% due 12/25/2044 ~  | 35 | 34 |
| 5.999% due 06/25/2047 •  | 99 | 94 |
| **Towd Point Mortgage Funding** <br>5.223% due 07/20/2053 •  | 4790 | 6590 |
| **Towd Point Mortgage Trust**  |  |  |
| 2.250% due 12/25/2061 ~  | $3533 | 3422 |
| 2.900% due 10/25/2059 ~  | 495 | 476 |
| 3.000% due 01/25/2058 ~  | 48 | 48 |
| 3.343% due 10/25/2057 ~  | 1031 | 862 |
| 5.434% due 05/25/2058 •  | 21 | 21 |
| 5.434% due 10/25/2059 •  | 29 | 29 |
| **Trinity Square PLC** <br>5.217% due 07/15/2059 ~ | 2256 | 3104 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.496% due 01/25/2037 ~  | $38 | 33 |
| 4.024% due 06/25/2037 ~  | 69 | 61 |
| 4.033% due 12/25/2046 •  | 11 | 10 |
| 4.068% due 12/25/2046 •  | 10 | 9 |
| 4.093% due 02/25/2037 ~  | 13 | 11 |
| 4.142% due 12/25/2036 ~  | 23 | 21 |
| 4.152% due 02/25/2037 ~  | 102 | 95 |
| 4.408% due 06/25/2037 ~  | 213 | 192 |
| 4.974% due 12/25/2045 •  | 4366 | 4008 |
| 4.983% due 10/25/2035 ~  | 11 | 10 |
| 4.994% due 11/25/2045 •  | 3 | 3 |
| 5.014% due 10/25/2045 •  | 7 | 7 |
| 5.014% due 12/25/2045 •  | 208 | 190 |
| 5.099% due 03/25/2047 •  | 1796 | 1569 |
| 5.148% due 12/25/2035 ~  | 101 | 96 |
| 5.149% due 06/25/2047 •  | 1475 | 1227 |
| 5.209% due 07/25/2047 •  | 26 | 22 |
| 5.214% due 01/25/2045 •  | 326 | 313 |
| 5.234% due 12/25/2045 •  | 767 | 746 |
| 5.279% due 10/25/2046 •  | 292 | 251 |
| 5.323% due 01/25/2035 ~  | 24 | 23 |
| 5.399% due 02/25/2046 •  | 132 | 120 |
| 5.469% due 01/25/2046 •  | 882 | 791 |
| 5.594% due 11/25/2045 •  | 1377 | 1299 |
| 5.899% due 10/25/2046 •  | 460 | 431 |
| 5.899% due 11/25/2046 •  | 395 | 350 |
| 6.037% due 08/25/2035 ~  | 12 | 12 |
| 6.385% due 06/25/2033 ~  | 10 | 10 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.801% due 09/25/2036 •  | 323 | 84 |
| 3.928% due 09/25/2036  | 618 | 163 |
| 4.934% due 02/25/2036 •  | 307 | 254 |
| 5.149% due 02/25/2047 •  | 570 | 524 |
| 5.229% due 11/25/2046 •  | 49 | 41 |
| 5.249% due 10/25/2046 •  | 77 | 67 |
| 5.339% due 04/25/2046 •  | 38 | 34 |
| **Wells Fargo Alternative Loan Trust**  |  |  |
| 6.250% due 07/25/2037  | 71 | 62 |
| 6.520% due 07/25/2037 ~  | 2 | 2 |
| **Wells Fargo Mortgage-Backed Securities Trust**  |  |  |
| 6.799% due 09/25/2036 ~  | 2 | 2 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.928% due 12/25/2036 ~  | 13 | 13 |
| Total Non-Agency Mortgage-Backed Securities (Cost $201,618) |  | 188096 |
| **ASSET-BACKED SECURITIES 29.2%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 2.3%**  |  |  |
| **Avis Budget Rental Car Funding AESOP LLC** <br>6.120% due 04/20/2027 | 7800 | 7863 |
| **Bridgecrest Lending Auto Securitization Trust** <br>5.530% due 01/18/2028 | 232 | 233 |
| **Citizens Auto Receivables Trust**  |  |  |
| 5.110% due 04/17/2028  | 1300 | 1307 |
| 5.430% due 10/15/2026  | 311 | 312 |
| **CPS Auto Receivables Trust** <br>5.710% due 09/15/2027 | 213 | 213 |
| **DT Auto Owner Trust** <br>6.290% due 08/16/2027 | 295 | 295 |
| **Exeter Automobile Receivables Trust** <br>5.310% due 08/16/2027 | 274 | 274 |
| **FCCU Auto Receivables Trust**  |  |  |
| 5.540% due 04/16/2029  | 1600 | 1621 |
| 5.760% due 11/15/2027  | 208 | 209 |
| **First Help Financial Issuer Trust**  |  |  |
| 5.690% due 02/15/2030  | 2546 | 2573 |
| 5.890% due 06/15/2030  | 938 | 950 |
| **First Help Financial Trust** <br>6.570% due 06/15/2028 | 2638 | 2660 |
| **Flagship Credit Auto Trust** <br>5.640% due 03/15/2028 | 1221 | 1224 |
| **Foursight Capital Automobile Receivables Trust** <br>5.990% due 05/15/2028 | 1641 | 1649 |
| **GLS Auto Select Receivables Trust** <br>5.240% due 03/15/2030 | 381 | 384 |
| **Hertz Vehicle Financing LLC**  |  |  |
| 5.440% due 01/25/2029  | 10400 | 10572 |
| 5.490% due 06/25/2027  | 1900 | 1910 |
| **Hyundai Auto Receivables Trust**  |  |  |
| 4.410% due 05/15/2029  | 1000 | 1006 |
| 5.290% due 04/15/2027  | 1676 | 1679 |
| **Lendbuzz Securitization Trust** <br>7.500% due 12/15/2028 | 10112 | 10331 |
| **Research-Driven Pagaya Motor Asset Trust**  |  |  |
| 2.650% due 03/25/2030  | 1078 | 1055 |
| 5.320% due 09/25/2030  | 796 | 799 |
| 5.380% due 11/25/2030  | 1122 | 1122 |
| **SFS Auto Receivables Securitization Trust**  |  |  |
| 4.950% due 05/21/2029  | 500 | 502 |
| 5.350% due 06/21/2027  | 208 | 208 |
| **Tricolor Auto Securitization Trust** <br>6.610% due 10/15/2027 | 488 | 490 |
|  |  | 51441 |
| **CMBS OTHER 2.8%**  |  |  |
| **BSPRT Issuer Ltd.** <br>6.608% due 07/15/2039 •  | 3111 | 3120 |
| **HERA Commercial Mortgage Ltd.** <br>5.479% due 02/18/2038 •  | 880 | 881 |
| **M360 Ltd.** <br>6.686% due 11/22/2038 •  | 6463 | 6356 |
| **MF1 LLC**  |  |  |
| 5.887% due 02/18/2040 •  | 11200 | 11151 |
| 6.055% due 03/19/2039 •  | 1000 | 1004 |
| **MF1 Ltd.**  |  |  |
| 5.879% due 10/16/2036 •  | 12800 | 12752 |
| 6.068% due 02/19/2037 •  | 12500 | 12476 |
| 6.179% due 10/16/2036 •  | 12800 | 12481 |
|  |  | 60221 |
| **HOME EQUITY OTHER 13.4%**  |  |  |
| **Aames Mortgage Investment Trust** <br>6.459% due 01/25/2035 •  | 17 | 16 |
| **ABFC Trust** <br>5.169% due 03/25/2035 •  | 4108 | 3928 |
| **Accredited Mortgage Loan Trust** <br>4.694% due 09/25/2036 •  | 149 | 148 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.714% due 07/25/2036 •  | 1851 | 1816 |
| 4.754% due 03/25/2037 •  | 27839 | 11829 |
| 4.874% due 11/25/2036 •  | 3502 | 1437 |
| 4.914% due 06/25/2036 •  | 1603 | 1189 |
| 4.914% due 12/25/2036 •  | 284 | 148 |
| 5.049% due 12/25/2035 •  | 901 | 855 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.379% due 05/25/2035 •  | 4760 | 4377 |
| **Aegis Asset-Backed Securities Trust Mortgage Pass-Through Certificates** <br>5.139% due 10/25/2035 •  | 654 | 625 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.391% due 11/25/2034 •  | 847 | 781 |
| 5.304% due 11/25/2035 •  | 1300 | 1225 |
| 5.409% due 07/25/2035 •  | 2000 | 1902 |
| 5.454% due 10/25/2034 •  | 75 | 75 |
| 5.559% due 11/25/2034 •  | 84 | 82 |
| **Argent Mortgage Loan Trust** <br>4.914% due 05/25/2035 •  | 49 | 44 |
| **Argent Securities Trust**  |  |  |
| 4.544% due 09/25/2036 •  | 66 | 21 |
| 4.734% due 07/25/2036 •  | 422 | 379 |
| 4.794% due 04/25/2036 •  | 15703 | 4904 |
| 4.814% due 03/25/2036 •  | 726 | 670 |
| 4.914% due 06/25/2036 •  | 8542 | 2329 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates** <br>3.623% due 01/25/2034 •  | 183 | 174 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust**  |  |  |
| 5.244% due 06/25/2034 •  | 490 | 499 |
| 5.529% due 02/25/2035 •  | 9 | 10 |
| **Bear Stearns Asset-Backed Securities Trust**  |  |  |
| 4.754% due 08/25/2036 •  | 618 | 598 |
| 4.784% due 05/25/2037 •  | 13644 | 11443 |
| 5.109% due 08/25/2036 •  | 7 | 7 |
| 5.409% due 02/25/2034 •  | 1093 | 1110 |
| 5.484% due 08/25/2037 •  | 354 | 317 |
| 5.634% due 08/25/2034 •  | 252 | 254 |
| 5.789% due 12/25/2034 •  | 3839 | 3831 |
| **Carrington Mortgage Loan Trust**  |  |  |
| 4.694% due 02/25/2037 •  | 249 | 241 |
| 5.184% due 10/25/2035 •  | 1026 | 1001 |
| **Centex Home Equity Loan Trust** <br>5.079% due 03/25/2034 •  | 150 | 148 |
| **Chase Funding Trust** <br>5.074% due 08/25/2032 •  | 10 | 9 |
| **CIT Mortgage Loan Trust** <br>6.684% due 10/25/2037 •  | 5722 | 5782 |
| **Citigroup Mortgage Loan Trust**  |  |  |
| 4.624% due 05/25/2037 •  | 1332 | 889 |
| 4.634% due 05/25/2037 •  | 2052 | 1346 |
| 4.734% due 12/25/2036 •  | 286 | 103 |
| 4.754% due 09/25/2036 •  | 33 | 25 |
| 4.794% due 01/25/2037 •  | 3824 | 2797 |
| 4.914% due 08/25/2036 •  | 3282 | 3051 |
| 5.034% due 10/25/2036 •  | 86 | 51 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.954% due 03/25/2036 •  | 695 | 634 |
| 5.334% due 09/25/2035 •  | 4930 | 4772 |
| **Countrywide Asset-Backed Certificates**  |  |  |
| 4.714% due 03/25/2037 •  | 1627 | 1488 |
| 4.834% due 02/25/2037 •  | 81 | 76 |
| 4.914% due 04/25/2037 •  | 175 | 154 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.467% due 05/25/2036 •  | 1925 | 1904 |
| 4.574% due 07/25/2037 •  | 226 | 211 |
| 4.634% due 06/25/2047 •  | 56 | 50 |
| 4.684% due 06/25/2047 •  | 1546 | 1495 |
| 4.714% due 06/25/2035 •  | 73 | 66 |
| 4.714% due 03/25/2037 •  | 65 | 64 |
| 4.714% due 12/25/2046 •  | 1630 | 1553 |
| 4.714% due 04/25/2047 •  | 37 | 36 |
| 4.724% due 10/25/2047 •  | 7600 | 6582 |
| 4.794% due 11/25/2047 •  | 28 | 27 |
| 4.854% due 05/25/2047 •  | 86 | 76 |
| 4.874% due 09/25/2037 •  | 99 | 102 |
| 4.894% due 05/25/2037 •  | 1540 | 1493 |
| 4.974% due 03/25/2036 •  | 208 | 184 |
| 5.174% due 08/25/2047 •  | 158 | 155 |
| 5.394% due 02/25/2036 •  | 1332 | 1302 |
| 5.469% due 12/25/2035 •  | 145 | 144 |
| 6.384% due 08/25/2035 •  | 3000 | 2790 |
| 6.867% due 09/25/2046  | 1756 | 1235 |
| **Countrywide Partnership Trust** <br>5.334% due 02/25/2035 •  | 845 | 834 |
| **Ellington Loan Acquisition Trust** <br>5.534% due 05/25/2037 •  | 2098 | 2055 |
| **EMC Mortgage Loan Trust** <br>5.734% due 02/25/2041 •  | 3 | 3 |
| **Encore Credit Receivables Trust** <br>5.169% due 09/25/2035 •  | 2 | 2 |
| **Fieldstone Mortgage Investment Trust**  |  |  |
| 4.814% due 05/25/2036 •  | 88 | 66 |
| 4.974% due 05/25/2036 •  | 2024 | 1487 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Fremont** **Home Loan Trust**  |  |  |
| 4.704% due 10/25/2036 •  | 368 | 335 |
| 4.714% due 11/25/2036 •  | 2245 | 1323 |
| 4.734% due 10/25/2036 •  | 698 | 279 |
| 4.754% due 08/25/2036 •  | 9540 | 2977 |
| 4.774% due 02/25/2037 •  | 4479 | 1370 |
| 5.169% due 01/25/2035 •  | 28 | 28 |
| 5.484% due 11/25/2034 •  | 824 | 776 |
| **GE-WMC Asset-Backed Pass-Through Certificates** <br>5.074% due 12/25/2035 •  | 6764 | 6565 |
| **GSAA Home Equity Trust**  |  |  |
| 3.937% due 03/25/2036 ~  | 153 | 21 |
| 4.534% due 05/25/2037 •  | 171 | 60 |
| 4.574% due 03/25/2036 •  | 131 | 42 |
| 4.674% due 06/25/2036 •  | 56 | 10 |
| 4.834% due 03/25/2037 •  | 1308 | 358 |
| 5.074% due 04/25/2047 •  | 247 | 107 |
| 6.795% due 06/25/2036 þ  | 236 | 53 |
| **GSAA Trust**  |  |  |
| 5.499% due 06/25/2035 •  | 33 | 33 |
| 5.995% due 03/25/2046 ~  | 1219 | 439 |
| **GSAMP Trust**  |  |  |
| 4.524% due 01/25/2037 •  | 964 | 581 |
| 4.534% due 12/25/2046 •  | 126 | 62 |
| 4.574% due 12/25/2036 •  | 2230 | 1190 |
| 4.604% due 12/25/2036 •  | 262 | 130 |
| 4.614% due 11/25/2035 •  | 1 | 0 |
| 4.634% due 12/25/2046 •  | 92 | 45 |
| 4.694% due 12/25/2046 •  | 4787 | 2542 |
| 4.734% due 09/25/2036 •  | 3621 | 1251 |
| 4.734% due 12/25/2046 •  | 455 | 225 |
| 4.834% due 01/25/2047 •  | 1394 | 715 |
| 4.894% due 01/25/2037 •  | 3394 | 2920 |
| 4.914% due 03/25/2046 •  | 38 | 38 |
| 4.934% due 05/25/2046 •  | 368 | 353 |
| 6.234% due 06/25/2035 •  | 170 | 166 |
| **Home Equity Asset Trust** <br>5.109% due 02/25/2036 •  | 130 | 127 |
| **Home Equity Loan Trust**  |  |  |
| 4.664% due 04/25/2037 •  | 3455 | 3334 |
| 4.774% due 04/25/2037 •  | 314 | 277 |
| **HSI Asset Securitization Corp. Trust**  |  |  |
| 4.634% due 07/25/2036 •  | 106 | 46 |
| 4.654% due 12/25/2036 •  | 776 | 194 |
| 4.794% due 04/25/2037 •  | 725 | 473 |
| 4.914% due 11/25/2035 •  | 436 | 409 |
| **IXIS Real Estate Capital Trust**  |  |  |
| 4.834% due 03/25/2036 •  | 164 | 86 |
| 4.894% due 01/25/2037 •  | 10840 | 3674 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 4.644% due 10/25/2036 •  | 44 | 44 |
| 4.734% due 07/25/2036 •  | 53 | 25 |
| 5.034% due 07/25/2036 •  | 1874 | 1824 |
| **Long Beach Mortgage Loan Trust**  |  |  |
| 4.734% due 05/25/2036 •  | 46 | 24 |
| 4.754% due 12/25/2036 •  | 331 | 226 |
| 4.774% due 12/25/2036 •  | 249 | 86 |
| 4.874% due 02/25/2036 •  | 223 | 220 |
| 4.954% due 08/25/2045 •  | 17 | 16 |
| 4.974% due 05/25/2046 •  | 314 | 94 |
| 5.034% due 01/25/2036 •  | 6544 | 6043 |
| 5.349% due 08/25/2035 •  | 5466 | 4955 |
| 5.409% due 04/25/2035 •  | 23 | 23 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 4.534% due 01/25/2037 •  | 1162 | 329 |
| 4.634% due 10/25/2036 •  | 7748 | 3784 |
| 4.654% due 11/25/2036 •  | 471 | 141 |
| 4.754% due 10/25/2036 •  | 244 | 119 |
| 4.854% due 05/25/2037 •  | 974 | 945 |
| 4.914% due 03/25/2036 •  | 35 | 21 |
| 5.184% due 10/25/2035 •  | 6633 | 6338 |
| 7.134% due 07/25/2034 •  | 143 | 134 |
| **MASTR Specialized Loan Trust** <br>5.559% due 11/25/2035 •  | 427 | 409 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.495% due 03/25/2037 •  | 60437 | 14771 |
| 4.654% due 07/25/2037 •  | 345 | 133 |
| 4.654% due 08/25/2037 •  | 2237 | 1096 |
| 4.934% due 07/25/2037 •  | 177 | 37 |
| 4.954% due 02/25/2037 •  | 622 | 176 |
| **Morgan Stanley ABS Capital, Inc. Trust**  |  |  |
| 4.524% due 01/25/2037 •  | 256 | 118 |
| 4.544% due 12/25/2036 •  | 6045 | 3014 |
| 4.544% due 03/25/2037 •  | 520 | 222 |
| 4.564% due 10/25/2036 •  | 17 | 15 |
| 4.564% due 01/25/2037 •  | 202 | 93 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.564% due 02/25/2037 •  | 2510 | 1789 |
| 4.594% due 11/25/2036 •  | 351 | 199 |
| 4.614% due 03/25/2037 •  | 834 | 355 |
| 4.644% due 01/25/2037 •  | 184 | 85 |
| 4.649% due 03/25/2037 •  | 2596 | 1029 |
| 4.664% due 10/25/2036 •  | 531 | 275 |
| 4.704% due 11/25/2036 •  | 348 | 216 |
| 4.714% due 08/25/2036 •  | 341 | 170 |
| 4.754% due 09/25/2036 •  | 576 | 248 |
| 4.794% due 02/25/2037 •  | 15114 | 4799 |
| 4.894% due 11/25/2036 •  | 1416 | 802 |
| 4.934% due 04/25/2036 •  | 1863 | 1778 |
| 5.139% due 12/25/2034 •  | 18 | 18 |
| 5.289% due 03/25/2034 •  | 636 | 649 |
| 5.364% due 07/25/2035 •  | 381 | 373 |
| 8.234% due 02/25/2047 •  | 81 | 67 |
| **Morgan Stanley Dean Witter Capital, Inc. Trust** <br>5.414% due 02/25/2033 •  | 26 | 26 |
| **Morgan Stanley Home Equity Loan Trust** <br>4.534% due 12/25/2036 •  | 895 | 428 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 4.614% due 12/25/2036 •  | 3422 | 1163 |
| 4.774% due 11/25/2036 •  | 28 | 8 |
| **Nationstar Home Equity Loan Trust** <br>4.974% due 09/25/2036 •  | 5323 | 5266 |
| **New Century Home Equity Loan Trust**  |  |  |
| 5.214% due 03/25/2035 •  | 299 | 297 |
| 5.409% due 11/25/2034 •  | 2 | 4 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust**  |  |  |
| 5.094% due 10/25/2036 •  | 137 | 30 |
| 6.532% due 10/25/2036  | 168 | 35 |
| **NovaStar Mortgage Funding Trust**  |  |  |
| 4.634% due 09/25/2037 •  | 210 | 206 |
| 4.754% due 10/25/2036 •  | 187 | 85 |
| 5.514% due 06/25/2035 •  | 1 | 1 |
| **Option One Mortgage Loan Trust**  |  |  |
| 4.534% due 07/25/2036 •  | 3494 | 1517 |
| 4.564% due 07/25/2037 •  | 4950 | 3190 |
| 4.574% due 03/25/2037 •  | 1594 | 1459 |
| 4.654% due 04/25/2037 •  | 479 | 339 |
| 4.654% due 05/25/2037 •  | 368 | 221 |
| 4.714% due 01/25/2037 •  | 4114 | 2414 |
| 4.974% due 01/25/2036 •  | 1546 | 1457 |
| 5.214% due 02/25/2035 •  | 184 | 176 |
| **Ownit Mortgage Loan Trust**  |  |  |
| 5.259% due 08/25/2036 •  | 9993 | 9006 |
| 5.334% due 10/25/2036 •  | 22 | 21 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 5.484% due 10/25/2034 •  | 15 | 14 |
| 6.159% due 02/25/2035 •  | 7592 | 6967 |
| 6.234% due 12/25/2034 •  | 16 | 16 |
| 6.309% due 12/25/2034 •  | 4101 | 3877 |
| **Popular ABS Mortgage Pass-Through Trust**  |  |  |
| 4.929% due 07/25/2036 •  | 223 | 213 |
| 5.304% due 02/25/2036 •  | 3253 | 3091 |
| **Renaissance Home Equity Loan Trust**  |  |  |
| 5.534% due 09/25/2037 •  | 159 | 64 |
| 5.586% due 11/25/2036  | 2157 | 698 |
| 5.612% due 04/25/2037  | 368 | 85 |
| **Residential Asset Mortgage Products Trust**  |  |  |
| 4.874% due 12/25/2035 •  | 13 | 12 |
| 5.124% due 10/25/2035 •  | 12 | 12 |
| **Residential Asset Securities Corp. Trust**  |  |  |
| 4.704% due 08/25/2036 •  | 248 | 245 |
| 4.724% due 06/25/2033 •  | 40 | 37 |
| 5.094% due 12/25/2035 •  | 2530 | 2486 |
| 5.319% due 12/25/2035 •  | 17408 | 15835 |
| 5.679% due 02/25/2035 •  | 4966 | 4850 |
| **Saxon Asset Securities Trust** <br>4.884% due 09/25/2036 •  | 8365 | 6975 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.914% due 07/25/2036 •  | 725 | 285 |
| 5.079% due 10/25/2035 •  | 1928 | 1560 |
| 5.154% due 10/25/2035 •  | 1317 | 1141 |
| **SG Mortgage Securities Trust**  |  |  |
| 4.714% due 10/25/2036 •  | 90 | 82 |
| 5.319% due 10/25/2035 •  | 5879 | 4909 |
| **Soundview Home Loan Trust**  |  |  |
| 4.514% due 06/25/2037 •  | 46 | 30 |
| 4.604% due 07/25/2037 •  | 188 | 166 |
| 4.604% due 08/25/2037 •  | 615 | 538 |
| 4.634% due 06/25/2037 •  | 709 | 482 |
| 4.794% due 02/25/2037 •  | 2051 | 550 |
| 4.899% due 02/25/2036 •  | 679 | 640 |
| 4.954% due 02/25/2037 •  | 118 | 32 |
| 5.334% due 10/25/2037 •  | 3554 | 2727 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.734% due 10/25/2037 •  | 1036 | 799 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 4.584% due 09/25/2036 •  | 3 | 3 |
| 4.614% due 09/25/2036 •  | 5970 | 3688 |
| 4.694% due 07/25/2036 •  | 24 | 17 |
| 5.054% due 01/25/2036 •  | 53 | 50 |
| 5.214% due 02/25/2035 •  | 382 | 378 |
| 5.364% due 06/25/2035 •  | 192 | 186 |
| 5.384% due 08/25/2033 •  | 110 | 109 |
| 7.584% due 08/25/2033 •  | 120 | 109 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 4.594% due 03/25/2036 •  | 7 | 6 |
| 4.744% due 08/25/2046 •  | 2642 | 2418 |
| 4.854% due 02/25/2037 •  | 223 | 220 |
| **WaMu Asset-Backed Certificates WaMu Trust**  |  |  |
| 4.659% due 05/25/2037 •  | 82 | 77 |
| 4.674% due 05/25/2037 •  | 353 | 313 |
| **Washington Mutual Asset-Backed Certificates Trust**  |  |  |
| 4.554% due 11/25/2036 •  | 682 | 215 |
| 4.744% due 08/25/2036 •  | 1498 | 1446 |
| **Wells Fargo Home Equity Asset-Backed Securities Trust** <br>5.184% due 12/25/2035 •  | 207 | 207 |
|  |  | 291656 |
| **HOME EQUITY SEQUENTIAL 0.0%**  |  |  |
| **Morgan Stanley Mortgage Loan Trust** <br>5.154% due 04/25/2037 •  | 30 | 8 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>4.774% due 12/25/2036 •  | 3 | 3 |
|  |  | 11 |
| **WHOLE LOAN COLLATERAL 2.9%**  |  |  |
| **Bear Stearns Asset-Backed Securities Trust** <br>6.276% due 10/25/2036 ~ | 2 | 2 |
| **Citigroup Mortgage Loan Trust** <br>7.250% due 05/25/2036 þ | 309 | 153 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.854% due 08/25/2036 •  | 2626 | 2595 |
| 4.884% due 10/25/2036 •  | 33 | 33 |
| **First Franklin Mortgage Loan Trust**  |  |  |
| 4.539% due 10/25/2036 •  | 10724 | 9816 |
| 4.594% due 11/25/2036 •  | 17 | 18 |
| 4.744% due 09/25/2036 •  | 5749 | 5342 |
| 4.914% due 04/25/2036 •  | 2757 | 2487 |
| 4.934% due 06/25/2036 •  | 3500 | 3224 |
| 5.154% due 11/25/2035 •  | 292 | 274 |
| **GSRPM Mortgage Loan Trust** <br>5.784% due 03/25/2035 •  | 911 | 982 |
| **Lehman XS Trust** <br>4.754% due 05/25/2036 •  | 54 | 46 |
| **PRET LLC**  |  |  |
| 4.744% due 07/25/2051 þ  | 2356 | 2344 |
| 4.843% due 09/25/2051 þ  | 6965 | 6944 |
| 5.487% due 10/25/2051 ~  | 803 | 803 |
| 6.721% due 07/25/2051 þ  | 7029 | 7038 |
| **RAAC Trust** <br>5.139% due 02/25/2036 •  | 5559 | 5359 |
| **Residential Asset Mortgage Products Trust**  |  |  |
| 5.034% due 03/25/2036 •  | 79 | 78 |
| 5.684% due 10/25/2034 •  | 917 | 855 |
| 5.807% due 08/25/2034 •  | 2411 | 2425 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.534% due 10/25/2036 •  | 22679 | 7534 |
| 4.594% due 08/25/2036 •  | 2081 | 678 |
| 4.774% due 08/25/2036 •  | 16 | 5 |
| 5.094% due 08/25/2035 •  | 31 | 23 |
| 5.394% due 01/25/2036 •  | 192 | 182 |
| 5.484% due 03/25/2035 •  | 31 | 31 |
| **Specialty Underwriting & Residential Finance Trust**  |  |  |
| 4.574% due 11/25/2037 •  | 2102 | 1145 |
| 4.734% due 06/25/2037 •  | 35 | 21 |
| 4.734% due 09/25/2037 •  | 250 | 172 |
| 4.784% due 04/25/2037 •  | 2567 | 1889 |
| 5.000% due 12/25/2036 •  | 170 | 168 |
|  |  | 62666 |
| **OTHER ABS 7.8%**  |  |  |
| **Anchorage Credit Funding Ltd.**  |  |  |
| 2.723% due 04/27/2039  | 700 | 666 |
| 2.871% due 01/28/2039  | 500 | 474 |
| 2.875% due 07/27/2039  | 500 | 470 |
| 3.000% due 01/21/2040  | 600 | 559 |
| 3.177% due 10/25/2038  | 1200 | 1151 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 3.900% due 07/28/2037  | 1157 | 1136 |
| 3.928% due 04/25/2038  | 600 | 589 |
| 4.300% due 07/25/2036  | 590 | 585 |
| 4.430% due 07/25/2037  | 478 | 473 |
| 4.620% due 04/25/2037  | 322 | 320 |
| **Ares CLO Ltd.** <br>5.600% due 04/17/2033 •  | 6700 | 6722 |
| **Ascent Education Funding Trust** <br>6.140% due 10/25/2050 | 763 | 780 |
| **Atlas Senior Loan Fund Ltd.** <br>5.329% due 10/20/2034 •  | 2500 | 2500 |
| **Bankers Healthcare Group Securitization Trust** <br>5.260% due 04/17/2036 | 3000 | 3027 |
| **Black Diamond CLO DAC** <br>3.123% due 05/15/2032 •  | 4916 | 5790 |
| **Blackrock European CLO DAC** <br>2.899% due 10/15/2031 •  | 2806 | 3296 |
| **BlueMountain CLO Ltd.** <br>5.472% due 10/25/2030 •  | $3678 | 3680 |
| **Cairn CLO DAC**  |  |  |
| 2.856% due 01/31/2030 •  | 533 | 627 |
| 3.059% due 10/15/2031 •  | 2113 | 2485 |
| **Carlyle Euro CLO DAC** <br>3.033% due 08/15/2032 •  | 7605 | 8920 |
| **CBAM Ltd.** <br>5.651% due 04/20/2032 •  | $595 | 596 |
| **Centerbridge Credit Funding Ltd.** <br>3.164% due 07/25/2039 | 600 | 577 |
| **CRB Securitization Trust** <br>6.960% due 10/20/2033 | 668 | 671 |
| **CVC Cordatus Loan Fund DAC**  |  |  |
| 2.605% due 09/15/2031 •  | 2150 | 2532 |
| 2.886% due 07/21/2030 •  | 234 | 276 |
| 3.391% due 10/23/2034 •  | 5526 | 6517 |
| **Diameter Capital CLO Ltd.** <br>5.866% due 04/15/2037 •  | $5000 | 5016 |
| **DLLAA LLC** <br>5.930% due 07/20/2026 | 113 | 113 |
| **Euro-Galaxy CLO DAC** <br>2.811% due 04/24/2034 •  | 3139 | 3690 |
| **Harvest CLO DAC** <br>2.919% due 10/15/2031 •  | 1426 | 1680 |
| **Home Partners of America Trust** <br>1.901% due 12/17/2026 | $806 | 776 |
| **Invesco Euro CLO DAC** <br>2.929% due 07/15/2031 •  | 740 | 871 |
| **Jubilee CLO DAC** <br>2.929% due 04/15/2031 •  | 5543 | 6517 |
| **KKR CLO Ltd.** <br>5.918% due 04/15/2031 •  | $3850 | 3864 |
| **Man GLG Euro CLO DAC** <br>2.665% due 12/15/2031 •  | 3044 | 3575 |
| **Massachusetts Educational Financing Authority** <br>5.575% due 04/25/2038 •  | $4 | 4 |
| **Navesink CLO Ltd.** <br>5.526% due 04/15/2036 •  | 5300 | 5303 |
| **Navient Private Education Refi Loan Trust** <br>3.480% due 04/15/2060 | 2991 | 2796 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.874% due 09/27/2066 •  | 517 | 517 |
| 6.502% due 02/20/2041 •  | 783 | 801 |
| 6.640% due 02/20/2041  | 714 | 740 |
| **Octagon Investment Partners Ltd.**  |  |  |
| 5.309% due 01/20/2035 •  | 2200 | 2188 |
| 5.419% due 10/20/2030 •  | 2117 | 2119 |
| **Oportun Issuance Trust** <br>5.860% due 02/09/2032 | 915 | 916 |
| **OZLM Ltd.**  |  |  |
| 5.981% due 07/20/2032 •  | 6650 | 6661 |
| 6.231% due 07/20/2032 •  | 4050 | 4065 |
| **Pagaya AI Debt Grantor Trust**  |  |  |
| 5.329% due 10/15/2032  | 5100 | 5111 |
| 5.628% due 07/15/2032  | 5650 | 5682 |
| **Pagaya AI Debt Trust**  |  |  |
| 5.373% due 01/17/2033  | 1800 | 1804 |
| 6.258% due 10/15/2031  | 967 | 973 |
| 6.660% due 07/15/2031  | 728 | 733 |
| 7.549% due 07/15/2031  | 52 | 52 |
| 7.573% due 08/15/2031  | 2767 | 2801 |
| **Pikes Peak CLO** <br>5.489% due 10/11/2034 •  | 3400 | 3403 |
| **Reach ABS Trust**  |  |  |
| 5.340% due 08/16/2032  | 1000 | 1005 |
| 6.300% due 02/18/2031  | 80 | 80 |
| **Romark Credit Funding Ltd.** <br>2.625% due 10/25/2039 | 500 | 470 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Sculptor** **European CLO DAC** <br>3.329% due 10/15/2034 •  | 11010 | 12942 |
| **SLM Student Loan Trust** <br>2.558% due 10/25/2039 •  | 604 | 664 |
| **SMB Private Education Loan Trust**  |  |  |
| 1.310% due 07/17/2051  | $4057 | 3805 |
| 4.550% due 02/16/2055  | 9242 | 9115 |
| 5.853% due 11/15/2052 •  | 1019 | 1030 |
| **SoFi Professional Loan Program Trust** <br>2.540% due 05/15/2046 | 424 | 408 |
| **Upstart Pass-Through Trust** <br>3.800% due 04/20/2030 | 584 | 582 |
| **Upstart Securitization Trust** <br>5.500% due 06/20/2032 | 806 | 806 |
| **Venture CLO Ltd.** <br>5.581% due 07/20/2030 •  | 1048 | 1046 |
| **Vibrant CLO Ltd.** <br>6.231% due 07/20/2032 •  | 9125 | 9145 |
| **Wellfleet CLO Ltd.** <br>5.465% due 04/20/2034 | 1900 | 1900 |
|  |  | 171188 |
| Total Asset-Backed Securities (Cost $684,172) |  | 637183 |
| **SOVEREIGN ISSUES 8.6%**  |  |  |
| **Bonos de la Tesoreria de la Republica en pesos** <br>4.700% due 09/01/2030 | 5825000 | 6054 |
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 07/01/2025 (e)  | 7400 | 1361 |
| 0.000% due 10/01/2025 (e)  | 36700 | 6516 |
| 0.000% due 04/01/2026 (e)  | 207900 | 34469 |
| **Colombian TES** <br>6.000% due 04/28/2028 | 29655000 | 6533 |
| **CPPIB Capital, Inc.** <br>4.300% due 06/02/2034 | 4000 | 3064 |
| **Czech Republic Government International Bond** <br>4.200% due 12/04/2036 | 37900 | 1779 |
| **Egypt Government International Bond** <br>21.954% due 03/04/2028 | 169400 | 3369 |
| **Mexican Bonos**  |  |  |
| 8.000% due 11/07/2047  | 48800 | 2169 |
| 8.500% due 03/01/2029  | 43300 | 2304 |
| **Mexican Udibonos**  |  |  |
| 2.750% due 11/27/2031 (f)  | 49305 | 2329 |
| 3.000% due 12/03/2026 (f)  | 107111 | 5591 |
| 4.000% due 11/30/2028 (f)  | 22612 | 1181 |
| 4.000% due 08/24/2034 (f)  | 219152 | 10866 |
| **Mexico Government International Bond**  |  |  |
| 6.625% due 01/29/2038 (c)  | $700 | 712 |
| 6.875% due 05/13/2037  | 1400 | 1464 |
| 7.375% due 05/13/2055  | 500 | 517 |
| **Peru Government International Bond**  |  |  |
| 5.400% due 08/12/2034  | 41300 | 11036 |
| 6.150% due 08/12/2032  | 126900 | 37055 |
| 6.850% due 08/12/2035  | 700 | 204 |
| 6.950% due 08/12/2031  | 4641 | 1425 |
| 7.300% due 08/12/2033  | 14100 | 4343 |
| **Republic of Poland Government International Bond** <br>4.750% due 07/25/2029 | 26100 | 7235 |
| **Republic of South Africa Government International Bond**  |  |  |
| 7.000% due 02/28/2031  | 54500 | 2832 |
| 8.000% due 01/31/2030  | 73400 | 4077 |
| 8.250% due 03/31/2032  | 33700 | 1818 |
| 8.500% due 01/31/2037  | 44000 | 2164 |
| 9.000% due 01/31/2040  | 200500 | 9793 |
| **Saudi Government International Bond** <br>5.625% due 01/13/2035 | $11700 | 12213 |
| **Turkiye Government International Bond**  |  |  |
| 49.053% due 05/20/2026 ~  | 800 | 20 |
| 49.053% due 08/19/2026 ~  | 700 | 18 |
| 49.053% due 05/17/2028 ~  | 104700 | 2551 |
| Total Sovereign Issues (Cost $176,195) |  | 187062 |
| **SHORT-TERM INSTRUMENTS 44.9%**  |  |  |
| **COMMERCIAL PAPER 5.6%**  |  |  |
| **Air Lease Corp.**  |  |  |
| 4.820% due 07/02/2025 (c)  | $280 | 280 |
| 4.840% due 07/08/2025  | 2650 | 2647 |
| 4.840% due 07/15/2025  | 8000 | 7984 |
| **Alimentation Couche-Tard, Inc.**  |  |  |
| 4.640% due 07/29/2025  | 1410 | 1405 |
| 4.670% due 07/02/2025  | 10750 | 10747 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Canadian** **Natural Resources Ltd.** <br>4.870% due 07/25/2025 (c) | 1090 | 1086 |
| **CBRE Services, Inc.** <br>4.690% due 07/10/2025 | 2180 | 2177 |
| **Crown Castle, Inc.** <br>5.030% due 07/22/2025 | 13480 | 13439 |
| **CVS Health Corp.** <br>4.920% due 07/14/2025 | 10650 | 10630 |
| **HCA, Inc.**  |  |  |
| 4.950% due 08/15/2025  | 5310 | 5277 |
| 5.000% due 08/22/2025  | 8350 | 8290 |
| **JABIL, Inc.**  |  |  |
| 4.850% due 07/14/2025  | 550 | 549 |
| 4.860% due 07/02/2025  | 8620 | 8617 |
| **Jones Lang LaSalle Finance BV**  |  |  |
| 4.650% due 07/09/2025  | 1330 | 1328 |
| 4.720% due 07/09/2025  | 2950 | 2947 |
| 4.720% due 07/14/2025  | 6500 | 6488 |
| **Mondelez International, Inc.** <br>4.570% due 08/11/2025 | 5360 | 5332 |
| **NextEra Energy Capital Holdings, Inc.**  |  |  |
| 4.610% due 08/25/2025 (c)  | 9670 | 9601 |
| 4.610% due 08/28/2025 (c)  | 1300 | 1290 |
| **RTX Corp.**  |  |  |
| 4.630% due 07/16/2025  | 3930 | 3922 |
| 4.660% due 07/15/2025  | 6870 | 6857 |
| **Volkswagen Group of America Finance LLC** <br>4.670% due 07/02/2025 | 10770 | 10767 |
|  |  | 121660 |
|  | SHARES |  |
| **MUTUAL FUNDS 0.5%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 4.380% (g) | 9657508 | 9658 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (h) 38.2%** |  | 834400 |
| **NIGERIA TREASURY BILLS 0.1%**  |  |  |
| 30.968% due 06/26/2026 - 06/29/2026 (d)(e) | 4219813 | 2214 |
| **U.S. TREASURY BILLS 0.5%**  |  |  |
| 4.295% due 07/03/2025 - 09/11/2025 (d)(e)(l) | $11538 | 11532 |
| Total Short-Term Instruments (Cost $979,366) |  | 979464 |
| Total Investments in Securities (Cost $3,663,269) |  | 3609073 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 0.0%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.0%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 3215 | 31 |
| Total Short-Term Instruments (Cost $31) |  | 31 |
| Total Investments in Affiliates (Cost $31) |  | 31 |
| Total Investments 165.4% (Cost $3,663,300) |  | $3609104 |
| **Financial Derivative Instruments (i)(k) 0.6**%(Cost or Premiums, net $14,665) |  | 13497 |
| Other Assets and Liabilities, net (66.0)% |  | (1440503) |
| Net Assets 100.0% |  | $2182098 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 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)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** |
| **(c)** | **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.** |
| **(d)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(g)** | **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** |
| **(h)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Lending<br>Rate | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | BOS | 4.440%  | 07/01/2025 | 66900 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | (68345) | (68345) | 66900 | $66908 |
|  |  | 4.440  | 07/02/2025 | 384000 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | (392249) | (392249) | 384000 | 384000 |
|  |  | 4.450  | 07/01/2025 | 373800 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 02/15/2027 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 02/15/2027 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 02/15/2027 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 02/15/2027 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 02/15/2027 | (381447) | (381447) | 373800 | 373846 |
| BPS | BPS | 4.430  | 07/01/2025 | 100 | &nbsp;&nbsp; U.S. Treasury Notes 1.625% due 05/15/2031 | &nbsp;&nbsp; U.S. Treasury Notes 1.625% due 05/15/2031 | &nbsp;&nbsp; U.S. Treasury Notes 1.625% due 05/15/2031 | &nbsp;&nbsp; U.S. Treasury Notes 1.625% due 05/15/2031 | &nbsp;&nbsp; U.S. Treasury Notes 1.625% due 05/15/2031 | (102) | (102) | 100 | 100 |
| FICC STR | FICC STR | 4.400  | 07/01/2025 | 9600 | &nbsp;&nbsp; U.S. Treasury Notes 0.000% due 06/30/2027 | &nbsp;&nbsp; U.S. Treasury Notes 0.000% due 06/30/2027 | &nbsp;&nbsp; U.S. Treasury Notes 0.000% due 06/30/2027 | &nbsp;&nbsp; U.S. Treasury Notes 0.000% due 06/30/2027 | &nbsp;&nbsp; U.S. Treasury Notes 0.000% due 06/30/2027 | (9792) | (9792) | 9600 | 9601 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  | **(851935)** | **(851935)** | **834400** | $**834455** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Description | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 08/01/2055 | 08/01/2055 | $97800 | 97800 | $ | (87493) | $(88037) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 07/01/2055 | 07/01/2055 | 35120 | 35120 |  | (32403) | (32660) |
| **Total Short Sales (5.5)%** | **Total Short Sales (5.5)%** | **Total Short Sales (5.5)%** | **Total Short Sales (5.5)%** | **Total Short Sales (5.5)%** | **Total Short Sales (5.5)%** | **Total Short Sales (5.5)%** |  |  |  |  | **$** | **(119896)** | $**(120697)** |
| <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. |
| **The average amount of borrowings outstanding during the period ended June 30, 2025 was $(1604) at a weighted average interest rate of 4.126%. 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 June 30, 2025 was $(1604) at a weighted average interest rate of 4.126%. 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 June 30, 2025 was $(1604) at a weighted average interest rate of 4.126%. 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 June 30, 2025 was $(1604) at a weighted average interest rate of 4.126%. 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 June 30, 2025 was $(1604) at a weighted average interest rate of 4.126%. 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 June 30, 2025 was $(1604) at a weighted average interest rate of 4.126%. 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 June 30, 2025 was $(1604) at a weighted average interest rate of 4.126%. 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 June 30, 2025 was $(1604) at a weighted average interest rate of 4.126%. 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 June 30, 2025 was $(1604) at a weighted average interest rate of 4.126%. 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 June 30, 2025 was $(1604) at a weighted average interest rate of 4.126%. 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 June 30, 2025 was $(1604) at a weighted average interest rate of 4.126%. 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 June 30, 2025 was $(1604) at a weighted average interest rate of 4.126%. 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 June 30, 2025 was $(1604) at a weighted average interest rate of 4.126%. 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 June 30, 2025 was $(1604) at a weighted average interest rate of 4.126%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** |
| **(i)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Euro-Bund September Futures  | Euro-Bund September Futures  | Euro-Bund September Futures  | Euro-Bund September Futures  | 1 | 1 | $153 | 153 | $(1) | (1) | (1) | 0 | 0 | (1) |
| Euro-Buxl 30-Year Bond September Futures  | Euro-Buxl 30-Year Bond September Futures  | Euro-Buxl 30-Year Bond September Futures  | Euro-Buxl 30-Year Bond September Futures  | 1 | 1 | 140 | 140 | (3) | (3) | (3) | 0 | 0 | 0 |
| U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | 435 | 435 | 90490 | 90490 | 324 | 324 | 324 | 24 | 24 | 0 |
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 1740 | 1740 | 189660 | 189660 | 1531 | 1531 | 1531 | 231 | 231 | 0 |
| U.S. Treasury Long-Term Bond September Futures  | U.S. Treasury Long-Term Bond September Futures  | U.S. Treasury Long-Term Bond September Futures  | U.S. Treasury Long-Term Bond September Futures  | 273 | 273 | 31523 | 31523 | 965 | 965 | 965 | 273 | 273 | 0 |
|  |  |  |  |  |  |  |  | 2816 | 2816 | $ | 528 | $ | (1) |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description | Description | Description |  |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | 09/2025 | 09/2025 | 09/2025 | 09/2025 | 1260 | $ | (141278) | (141278) | $(2209) | (2209) | (2209) | 0 | 0 | 0 | (393) |
| U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | 09/2025 | 09/2025 | 09/2025 | 09/2025 | 394 |  | (45021) | (45021) | (796) | (796) | (796) | 0 | 0 | 0 | (191) |
| U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | 09/2025 | 09/2025 | 09/2025 | 09/2025 | 398 |  | (47412) | (47412) | (802) | (802) | (802) | 0 | 0 | 0 | (535) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3807) | (3807) | $ | 0 | 0 | $ | (1119) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(991)** | **(991)** | **$** | **528** | **528** | **$** | **(1120)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| Bank of America Corp.  | Bank of America Corp.  | 1.000% | 1.000% | Quarterly | Quarterly | 12/20/2025 | 12/20/2025 | 12/20/2025 | 0.239 | 0.239 | % | % | $ | $5000 | 5000 | 37 | $ | (17) | $ | 20 | 20 | 0 | 0 | 0 |
| Bank of America Corp.  | Bank of America Corp.  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.359 | 0.359 |  |  |  | 5700 | 5700 | 74 |  | (19) |  | 55 | 55 | 0 | 0 | (1) |
| Barclays Bank PLC  | Barclays Bank PLC  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2025 | 12/20/2025 | 12/20/2025 | 0.238 | 0.238 |  |  | EUR | 1900 | 1900 | 11 |  | (2) |  | 9 | 9 | 0 | 0 | 0 |
| BNP Paribas SNR  | BNP Paribas SNR  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2025 | 12/20/2025 | 12/20/2025 | 0.164 | 0.164 |  |  |  | 800 | 800 | 5 |  | (1) |  | 4 | 4 | 0 | 0 | 0 |
| Deutsche Bank Aktiengesellschaft  | Deutsche Bank Aktiengesellschaft  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2031 | 12/20/2031 | 12/20/2031 | 1.053 | 1.053 |  |  |  | 3100 | 3100 | (61) |  | 51 |  | (10) | (10) | 1 | 1 | 0 |
| General Electric Co.  | General Electric Co.  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 0.089 | 0.089 |  |  | $ | $5100 | 5100 | 35 |  | 11 |  | 46 | 46 | 0 | 0 | 0 |
| General Electric Co.  | General Electric Co.  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.107 | 0.107 |  |  |  | 500 | 500 | 6 |  | 1 |  | 7 | 7 | 0 | 0 | 0 |
| Morgan Stanley  | Morgan Stanley  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2025 | 12/20/2025 | 12/20/2025 | 0.241 | 0.241 |  |  |  | 600 | 600 | 2 |  | 0 |  | 2 | 2 | 0 | 0 | 0 |
| Morgan Stanley  | Morgan Stanley  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 0.290 | 0.290 |  |  |  | 1300 | 1300 | 8 |  | 1 |  | 9 | 9 | 0 | 0 | 0 |
| Rolls-Royce PLC  | Rolls-Royce PLC  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2025 | 12/20/2025 | 12/20/2025 | 0.107 | 0.107 |  |  | EUR | 200 | 200 | 1 |  | 0 |  | 1 | 1 | 0 | 0 | 0 |
| Volkswagen International Finance NV  | Volkswagen International Finance NV  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2025 | 12/20/2025 | 12/20/2025 | 0.349 | 0.349 |  |  |  | 13300 | 13300 | 160 |  | (107) |  | 53 | 53 | 2 | 2 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 278 | $ | (82) | $ | 196 | 196 | 3 | 3 | (1) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | (1.000)% | (1.000)% | (1.000)% | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | $ | $ | $ | 111230 | 111230 | (2539) | $ | 0 | $ | (2539) | (2539) | 0 | 0 | (56) |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | (1.000) | (1.000) | (1.000) | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 |  |  |  | 344000 | 344000 | (5795) |  | (1929) |  | (7724) | (7724) | 0 | 0 | (190) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (8334) | $ | (1929) | $ | (10263) | (10263) | 0 | 0 | (246) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500% | 3.500% | Annual | Annual | 03/19/2030 | 03/19/2030 | 03/19/2030 | GBP | GBP | 188697 | 188697 | $(4224) | (4224) | 1878 | 1878 | (2346) | (2346) | $0 | 0 | $(10) |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.320 | 4.320 | Annual | Annual | 10/20/2033 | 10/20/2033 | 10/20/2033 |  |  | 800 | 800 | (4) | (4) | 36 | 36 | 32 | 32 | 0 | 0 | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.700 | 3.700 | Annual | Annual | 03/28/2034 | 03/28/2034 | 03/28/2034 |  |  | 500 | 500 | (2) | (2) | 14 | 14 | 12 | 12 | 0 | 0 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 2.000 | 2.000 | Annual | Annual | 06/18/2055 | 06/18/2055 | 06/18/2055 | JPY | JPY | 1310000 | 1310000 | 17 | 17 | (446) | (446) | (429) | (429) | 0 | 0 | (75) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.000 | 4.000 | Annual | Annual | 06/20/2026 | 06/20/2026 | 06/20/2026 | $ | $ | 137320 | 137320 | (316) | (316) | 180 | 180 | (136) | (136) | 0 | 0 | (18) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.982 | 3.982 | Annual | Annual | 09/30/2026 | 09/30/2026 | 09/30/2026 |  |  | 119600 | 119600 | 0 | 0 | 52 | 52 | 52 | 52 | 21 | 21 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | Annual | Annual | 06/21/2028 | 06/21/2028 | 06/21/2028 |  |  | 109250 | 109250 | 1089 | 1089 | (606) | (606) | 483 | 483 | 0 | 0 | (85) |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 02/28/2029 |  | 136730 | 0 | 1868 | 1868 | 156 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 03/04/2030 |  | 3200 | (6) | (48) | (54) | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2030 |  | 94750 | 1270 | 596 | 1866 | 0 | (151) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Semi-Annual | 12/16/2030 |  | 65390 | 802 | 8127 | 8929 | 0 | (103) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2030 |  | 106530 | 888 | (631) | 257 | 0 | (197) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2031 |  | 30700 | 89 | (426) | (337) | 0 | (72) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2033 |  | 121830 | 7706 | (2688) | 5018 | 0 | (368) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.535 | Annual | 11/06/2034 |  | 4600 | (16) | (54) | (70) | 17 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 |  | 77250 | (478) | 251 | (227) | 0 | (299) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.015 | Annual | 12/30/2034 |  | 800 | (3) | 24 | 21 | 3 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.933 | Annual | 01/06/2035 |  | 1700 | (5) | 38 | 33 | 6 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.840 | Annual | 01/08/2035 |  | 1400 | (4) | 20 | 16 | 5 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | 01/08/2035 |  | 800 | (2) | 12 | 10 | 3 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 01/08/2035 |  | 1100 | (3) | 20 | 17 | 4 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.896 | Annual | 01/08/2035 |  | 1500 | (4) | 29 | 25 | 6 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 01/08/2035 |  | 1500 | (4) | 29 | 25 | 6 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.970 | Annual | 01/15/2035 |  | 1900 | (5) | 48 | 43 | 7 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.071 | Annual | 01/15/2035 |  | 2900 | (8) | 99 | 91 | 11 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.100 | Annual | 01/21/2035 |  | 800 | (2) | 29 | 27 | 3 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.090 | Annual | 01/22/2035 |  | 1700 | (5) | 61 | 56 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 02/26/2035 |  | 1300 | (5) | (28) | (33) | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 03/03/2035 |  | 750 | (3) | (9) | (12) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 |  | 1400 | (5) | (20) | (25) | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 03/05/2035 |  | 600 | (2) | (7) | (9) | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 |  | 1800 | (6) | (21) | (27) | 0 | (7) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.899 | Annual | 03/11/2035 |  | 1500 | (5) | (21) | (26) | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 |  | 1500 | (4) | (22) | (26) | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 |  | 2200 | (6) | (46) | (52) | 0 | (9) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 |  | 2600 | (8) | (44) | (52) | 0 | (10) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 |  | 1800 | (5) | (24) | (29) | 0 | (7) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/07/2035 |  | 2600 | (13) | 26 | 13 | 10 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2039 |  | 43400 | 718 | (164) | 554 | 0 | (226) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/18/2040 |  | 8000 | 360 | 4 | 364 | 0 | (43) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2044 |  | 24400 | 381 | 341 | 722 | 0 | (152) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 02/20/2049 |  | 22900 | 349 | 641 | 990 | 0 | (158) |
| Pay<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.046 | Annual | 11/15/2052 |  | 15650 | 0 | 299 | 299 | 124 | 0 |
| Pay<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.054 | Annual | 11/15/2052 |  | 16280 | 0 | 331 | 331 | 129 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.750 | Annual | 06/21/2053 |  | 26400 | 1424 | 3932 | 5356 | 0 | (179) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/20/2054 |  | 24890 | (558) | 2425 | 1867 | 0 | (197) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/18/2054 |  | 67460 | 1045 | 4313 | 5358 | 0 | (539) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2055 |  | 34600 | (4593) | 489 | (4104) | 268 | 0 |
| Pay | 1-Year BRL-CDI | 13.926 | Maturity | 01/04/2027 | BRL | 9400 | 0 | (5) | (5) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 13.927 | Maturity | 01/04/2027 |  | 81800 | 0 | (43) | (43) | 8 | 0 |
| Pay | 1-Year BRL-CDI | 14.009 | Maturity | 01/04/2027 |  | 27000 | 0 | (6) | (6) | 5 | 0 |
| Pay | 1-Year BRL-CDI | 13.291 | Maturity | 01/02/2029 |  | 65600 | (1) | 102 | 101 | 96 | 0 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | Pay | 1-Year BRL-CDI | 13.320 | Maturity | 01/02/2029 | 5200 |  | 0 |  | 9 |  | 9 |  | 8 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.354 | Maturity | 01/02/2029 | 135000 |  | 26 |  | 140 |  | 166 |  | 122 |  | 0 |
| Pay | Pay | 3-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 | 29000 |  | 568 |  | 120 |  | 688 |  | 0 |  | (54) |
| Receive | Receive | 3-Month COP-IBR Compounded-OIS | 7.498 | Quarterly | 04/28/2028 | 26233300 |  | 0 |  | 162 |  | 162 |  | 1 |  | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.400 | Annual | 04/09/2030 | 1300 |  | (3) |  | (8) |  | (11) |  | 1 |  | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.350 | Annual | 04/29/2030 | 2500 |  | (5) |  | (9) |  | (14) |  | 3 |  | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.710 | Annual | 08/06/2034 | 1000 |  | (3) |  | (29) |  | (32) |  | 2 |  | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.680 | Annual | 08/07/2034 | 400 |  | (1) |  | (11) |  | (12) |  | 1 |  | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.590 | Annual | 08/19/2034 | 800 |  | (2) |  | (13) |  | (15) |  | 2 |  | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.580 | Annual | 08/29/2034 | 1100 |  | (3) |  | (17) |  | (20) |  | 2 |  | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.390 | Annual | 10/01/2034 | 900 |  | (2) |  | 5 |  | 3 |  | 2 |  | 0 |
| Pay | Pay | 3-Month EUR-EURIBOR | 2.380 | Annual | 12/31/2034 | 900 |  | (2) |  | (3) |  | (5) |  | 0 |  | (2) |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.510 | Annual | 04/09/2035 | 900 |  | (3) |  | 10 |  | 7 |  | 2 |  | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.520 | Annual | 04/09/2035 | 1000 |  | (4) |  | 11 |  | 7 |  | 2 |  | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.550 | Annual | 04/16/2035 | 800 |  | (3) |  | 6 |  | 3 |  | 2 |  | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.450 | Annual | 05/05/2035 | 900 |  | (3) |  | 16 |  | 13 |  | 2 |  | 0 |
| Receive | Receive | 3-Month PLN-WIBOR | 4.930 | Annual | 07/25/2029 | 26100 |  | 0 |  | (250) |  | (250) |  | 4 |  | 0 |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/20/2033 | 61000 |  | 34 |  | 1591 |  | 1625 |  | 0 |  | (69) |
| Receive | Receive | 6-Month CLP-CHILIBOR | 5.020 | Semi-Annual | 09/01/2030 | 5825000 |  | 0 |  | (99) |  | (99) |  | 0 |  | (5) |
| Receive | Receive | 6-Month CZK-PRIBOR | 3.760 | Annual | 11/01/2034 | 42200 |  | 0 |  | (27) |  | (27) |  | 9 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.250 | Annual | 09/17/2030 | 6180 |  | 1 |  | (12) |  | (11) |  | 0 |  | (7) |
| Receive | Receive | 6-Month EUR-EURIBOR | 3.280 | Annual | 11/22/2033 | 600 |  | (3) |  | (51) |  | (54) |  | 1 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 3.305 | Annual | 11/27/2033 | 600 |  | (3) |  | (52) |  | (55) |  | 1 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 3.128 | Annual | 12/04/2033 | 900 |  | (4) |  | (63) |  | (67) |  | 2 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 3.063 | Annual | 12/06/2033 | 900 |  | (3) |  | (59) |  | (62) |  | 2 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.910 | Annual | 12/29/2033 | 1000 |  | (3) |  | (50) |  | (53) |  | 2 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.670 | Annual | 04/03/2034 | 700 |  | (2) |  | (7) |  | (9) |  | 1 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.220 | Annual | 01/08/2035 | 1100 |  | (3) |  | (39) |  | (42) |  | 0 |  | (2) |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.400 | Annual | 02/12/2035 | 1000 |  | (3) |  | 22 |  | 19 |  | 2 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.420 | Annual | 03/07/2035 | 1300 |  | (3) |  | (19) |  | (22) |  | 0 |  | (3) |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.460 | Annual | 03/13/2035 | 900 |  | (2) |  | (10) |  | (12) |  | 0 |  | (2) |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.610 | Annual | 03/24/2035 | 1000 |  | (3) |  | 5 |  | 2 |  | 0 |  | (2) |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.520 | Annual | 03/27/2035 | 900 |  | (2) |  | (4) |  | (6) |  | 0 |  | (2) |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.460 | Annual | 04/01/2035 | 700 |  | (2) |  | (7) |  | (9) |  | 0 |  | (1) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.250 | Annual | 09/17/2035 | 62540 |  | (2094) |  | (299) |  | (2393) |  | 0 |  | (127) |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.250 | Annual | 09/17/2055 | 25700 |  | 2017 |  | 1130 |  | 3147 |  | 98 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 9.390 | Lunar | 12/12/2025 | 31300 |  | 0 |  | (9) |  | (9) |  | 0 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 9.430 | Lunar | 12/25/2025 | 42900 |  | 0 |  | (15) |  | (15) |  | 0 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 7.760 | Lunar | 03/01/2029 | 3900 |  | 0 |  | 1 |  | 1 |  | 1 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 9.000 | Lunar | 03/01/2029 | 44700 |  | 0 |  | (111) |  | (111) |  | 0 |  | (5) |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 28-Day MXN-TIIE | 9.430 | Lunar | 10/19/2034 | 42900 |  | 0 |  | (159) |  | (159) |  | 0 |  | (11) |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 28-Day MXN-TIIE | 9.390 | Lunar | 11/03/2034 | 31300 |  | 0 |  | (113) |  | (113) |  | 0 |  | (8) |
| Pay | Pay | 28-Day MXN-TIIE | 8.270 | Lunar | 03/07/2035 | 22000 |  | 1 |  | 15 |  | 16 |  | 6 |  | 0 |
| Receive | Receive | CPURNSA | 2.502 | Maturity | 03/25/2030 | $13100 |  | 0 |  | (18) |  | (18) |  | 1 |  | 0 |
| Receive | Receive | CPURNSA | 2.522 | Maturity | 03/27/2030 | 38600 |  | 0 |  | (97) |  | (97) |  | 4 |  | 0 |
| Pay | Pay | CPURNSA | 2.581 | Maturity | 05/16/2030 | 11800 |  | 0 |  | 61 |  | 61 |  | 0 |  | 0 |
|  |  |  |  |  |  |  | $6316 | 6316 | $22599 | 22599 | $28915 | 28915 | $1182 | 1182 | $(3237) | (3237) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**(1740)** | **(1740)** | $**20588** | **20588** | $**18848** | **18848** | $**1185** | **1185** | $**(3484)** | **(3484)** |
| **(j)** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $40,716 and cash of $40,847 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** |

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<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <sup>(</sup><sup>1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund 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 Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund 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 Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund 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 Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund 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 Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund 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 Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund 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 Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the 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>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(k)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 07/2025  | 40044 | $5558 | 5558 | $0 | $(42) |
|  |  | 07/2025  | $32873 | 50605 | 50605 | 433 | 0 |
|  |  | 07/2025  | 50 | 40 | 40 | 0 | 0 |
|  |  | 07/2025  | 1835 | 3049 | 3049 | 24 | 0 |
|  |  | 08/2025  | 50605 | $32892 | 32892 | 0 | (434) |
|  |  | 08/2025  | 40 | 50 | 50 | 0 | 0 |
|  |  | 08/2025  | 54441 | 7569 | 7569 | 0 | (65) |
|  |  | 08/2025  | 3050 | 1837 | 1837 | 0 | (24) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 07/2025  | 889 | 579 | 579 | 0 | (6) |
|  |  | 07/2025  | 10879 | 1994 | 1994 | 0 | (9) |
|  |  | 07/2025  | 151600 | 172377 | 172377 | 0 | (6201) |
|  |  | 07/2025  | 79186533 | 4878 | 4878 | 0 | (5) |
|  |  | 07/2025  | 533300 | 3709 | 3709 | 6 | 0 |
|  |  | 07/2025  | 1600 | 440 | 440 | 0 | (11) |
|  |  | 07/2025  | $1899 | 10879 | 10879 | 103 | 0 |
|  |  | 07/2025  | 3030 | 2477 | 2477 | 92 | 0 |
|  |  | 07/2025  | 2555 | 2232 | 2232 | 74 | 0 |
|  |  | 07/2025  | 6503 | 105685957 | 105685957 | 10 | 0 |
|  |  | 07/2025  | 3925 | 5349921 | 5349921 | 33 | 0 |
|  |  | 07/2025  | 3308 | 11991 | 11991 | 77 | 0 |
|  |  | 07/2025  | 614 | 786 | 786 | 4 | 0 |
|  |  | 08/2025  | 5774 | $808 | 808 | 0 | (1) |
|  |  | 08/2025  | 784 | 614 | 614 | 0 | (4) |
|  |  | 08/2025  | 870 | 27 | 27 | 0 | (4) |
|  |  | 08/2025  | $934 | 6680 | 6680 | 2 | 0 |
|  |  | 08/2025  | 2228 | 72688 | 72688 | 299 | 0 |
|  |  | 10/2025  | 877 | 3239 | 3239 | 34 | 0 |
|  |  | 12/2025  | 12035 | $3308 | 3308 | 0 | (74) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 07/2025  | 59186 | 10520 | 10520 | 0 | (374) |
|  |  | 07/2025  | 79140195 | 4850 | 4850 | 0 | (26) |
|  |  | 07/2025  | 1201045 | 13980 | 13980 | 0 | (30) |
|  |  | 07/2025  | 14851 | 11 | 11 | 0 | 0 |
|  |  | 07/2025  | 3170 | 330 | 330 | 0 | (5) |
|  |  | 07/2025  | 2254 | 68 | 68 | 0 | (1) |
|  |  | 07/2025  | 50740 | 1235 | 1235 | 0 | (11) |
|  |  | 07/2025  | 170513 | 5247 | 5247 | 0 | (623) |
|  |  | 07/2025  | $10718 | 59186 | 59186 | 176 | 0 |
|  |  | 07/2025  | 3203 | 52270025 | 52270025 | 20 | 0 |
|  |  | 07/2025  | 6700 | 9090476 | 9090476 | 21 | 0 |
|  |  | 07/2025  | 260 | 8516 | 8516 | 2 | 0 |
|  |  | 07/2025  | 13698 | 407429 | 407429 | 302 | 0 |
|  |  | 08/2025  | 12743 | $1784 | 1784 | 0 | (3) |
|  |  | 08/2025  | 4145 | 186 | 186 | 0 | (12) |
|  |  | 08/2025  | 65429 | 455 | 455 | 0 | (1) |
|  |  | 08/2025  | 37824 | 10204 | 10204 | 0 | (458) |
|  |  | 08/2025  | 528838 | 16310 | 16310 | 0 | (2075) |
|  |  | 08/2025  | $2353 | 17221 | 17221 | 62 | 0 |
|  |  | 08/2025  | 2132 | 185287 | 185287 | 25 | 0 |
|  |  | 08/2025  | 9706 | 308971 | 308971 | 1035 | 0 |
|  |  | 10/2025  | 24400 | $4075 | 4075 | 0 | (314) |
|  |  | 10/2025  | $4030 | 24600 | 24600 | 395 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 07/2025  | 1027 | $664 | 664 | 0 | (12) |
|  |  | 07/2025  | 9376 | 1683 | 1683 | 0 | (43) |
|  |  | 07/2025  | 495 | 609 | 609 | 0 | (15) |
|  |  | 07/2025  | 15164 | 4355 | 4355 | 0 | (147) |
|  |  | 07/2025  | 353124 | 258 | 258 | 0 | (3) |

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<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 07/2025  | 4993 | 491 | 0 | (5) |
|  | 07/2025  | 973 | 260 | 0 | (10) |
|  | 07/2025  | 61909 | 1511 | 0 | (18) |
|  | 07/2025  | $1718 | 9376 | 8 | 0 |
|  | 07/2025  | 58237 | 42802 | 515 | 0 |
|  | 07/2025  | 2160 | 7292 | 5 | 0 |
|  | 07/2025  | 29 | 39615 | 1 | 0 |
|  | 07/2025  | 4629 | 190508 | 53 | 0 |
|  | 07/2025  | 192754 | $10664 | 0 | (207) |
|  | 08/2025  | 40906 | 1839 | 0 | (113) |
|  | 08/2025  | 42802 | 58245 | 0 | (516) |
|  | 08/2025  | 16967 | 4599 | 0 | (184) |
|  | 08/2025  | $1679 | 12191 | 30 | 0 |
|  | 08/2025  | 18 | 742 | 0 | 0 |
|  | 12/2025  | 384 | 18029 | 8 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 07/2025  | 50000 | $9073 | 0 | (130) |
|  | 07/2025  | 28668 | 4366 | 0 | (160) |
|  | 07/2025  | 29315 | 7862 | 0 | (410) |
|  | 07/2025  | $9162 | 50000 | 41 | 0 |
|  | 07/2025  | 448 | 1599 | 4 | 0 |
|  | 08/2025  | 9073 | 50382 | 129 | 0 |
|  | 08/2025  | 1147 | 4060 | 0 | (2) |
|  | 09/2025  | 7476 | $2051 | 0 | (55) |
|  | 09/2025  | $59 | 214 | 1 | 0 |
|  | 11/2025  | 6557 | $1784 | 0 | (59) |
|  | 12/2025  | 4075 | 1147 | 2 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 07/2025  | 316238 | 57950 | 0 | (256) |
|  | 07/2025  | 16 | 11 | 0 | 0 |
|  | 07/2025  | 1655 | 254 | 0 | (8) |
|  | 07/2025  | 1444 | 1675 | 0 | (26) |
|  | 07/2025  | 91300 | 636 | 3 | 0 |
|  | 07/2025  | 25140415 | 18324 | 0 | (272) |
|  | 07/2025  | 4279 | 1163 | 0 | (44) |
|  | 07/2025  | 32 | 25 | 0 | 0 |
|  | 07/2025  | 117958 | 3547 | 0 | (85) |
|  | 07/2025  | 295943 | 9096 | 0 | (1093) |
|  | 07/2025  | $5669 | 8679 | 44 | 0 |
|  | 07/2025  | 54469 | 316238 | 3737 | 0 |
|  | 07/2025  | 1019 | 883 | 21 | 0 |
|  | 07/2025  | 2717 | 44247413 | 11 | 0 |
|  | 07/2025  | 1429 | 203500 | 0 | (16) |
|  | 07/2025  | 279 | 376619 | 0 | 0 |
|  | 07/2025  | 9601 | 34137 | 37 | (5) |
|  | 07/2025  | 11197 | 106122 | 20 | 0 |
|  | 07/2025  | 7156 | 9190 | 72 | 0 |
|  | 07/2025  | 20467 | 608283 | 475 | 0 |
|  | 08/2025  | 12749 | $1774 | 0 | (14) |
|  | 08/2025  | 4560 | 1254 | 0 | (33) |
|  | 08/2025  | 105893 | 11197 | 0 | (20) |
|  | 08/2025  | 368163 | 11292 | 0 | (1506) |
|  | 08/2025  | $18887 | 135406 | 101 | 0 |
|  | 08/2025  | 15962 | 1375788 | 61 | (6) |
|  | 09/2025  | 4564 | $238 | 0 | (3) |
|  | 09/2025  | 33663 | 9455 | 5 | (33) |
|  | 09/2025  | $3251 | 12021 | 135 | 0 |
|  | 10/2025  | 7315 | $1970 | 0 | (88) |
|  | 12/2025  | 51330 | 13943 | 0 | (478) |
| &nbsp;&nbsp;&nbsp;&nbsp; CIB | 08/2025  | $2291 | 16683 | 48 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 07/2025  | 7364 | $2125 | 0 | (62) |
|  | 07/2025  | 1731111 | 1277 | 0 | (3) |
|  | 07/2025  | 120 | 94 | 0 | (1) |
|  | 07/2025  | $3498 | 22278 | 19 | 0 |
|  | 07/2025  | 182145 | 157008 | 2803 | 0 |
|  | 07/2025  | 128 | 2082358 | 0 | 0 |
|  | 07/2025  | 302 | 8967 | 7 | 0 |
|  | 08/2025  | 94344 | $13125 | 0 | (105) |
|  | 08/2025  | 22224 | 3498 | 0 | (19) |
|  | 08/2025  | 156664 | 182145 | 0 | (2800) |
|  | 08/2025  | $1311 | 9389 | 6 | 0 |
|  | 08/2025  | 7399 | 638432 | 34 | 0 |
|  | 09/2025  | 36880 | $1913 | 0 | (37) |
|  | 09/2025  | 203 | 56 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 07/2025  | 55899 | 36066 | 0 | (724) |
|  | 07/2025  | 213784 | 37498 | 0 | (1851) |
|  | 07/2025  | 32953 | 40017 | 0 | (1514) |
|  | 07/2025  | 20370 | 2834 | 0 | (14) |
|  | 07/2025  | 4315890 | 30085 | 114 | 0 |
|  | 07/2025  | 8673841 | 6407 | 0 | (6) |
|  | 07/2025  | 11997 | 3263 | 0 | (124) |
|  | 07/2025  | 102886 | 10742 | 0 | (133) |
|  | 07/2025  | 304 | 237 | 0 | (3) |
|  | 07/2025  | $39175 | 213784 | 173 | 0 |
|  | 07/2025  | 38931 | 31167 | 349 | 0 |
|  | 07/2025  | 4758 | 30279 | 23 | 0 |
|  | 07/2025  | 20460 | 2978107 | 221 | 0 |
|  | 07/2025  | 6407 | 8670810 | 7 | 0 |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 07/2025  | 1985 | 7321 | 45 | 0 |
|  | 07/2025  | 493 | 629 | 1 | 0 |
|  | 08/2025  | 31039 | $38931 | 0 | (350) |
|  | 08/2025  | 13449 | 1879 | 0 | (6) |
|  | 08/2025  | 30205 | 4758 | 0 | (23) |
|  | 08/2025  | 2967155 | 20460 | 0 | (221) |
|  | 08/2025  | 724 | 569 | 0 | (2) |
|  | 08/2025  | $3536 | 305770 | 24 | 0 |
|  | 09/2025  | 388387 | $19946 | 0 | (584) |
|  | 09/2025  | $3116 | 17476 | 51 | 0 |
|  | 09/2025  | 0 | 1 | 0 | 0 |
|  | 11/2025  | 11291 | $3084 | 0 | (90) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 07/2025  | 31600 | 5711 | 0 | (105) |
|  | 07/2025  | 29722 | 914 | 0 | (110) |
|  | 07/2025  | $5739 | 31600 | 78 | 0 |
|  | 07/2025  | 644 | 10495675 | 3 | 0 |
|  | 07/2025  | 192 | 244 | 1 | 0 |
|  | 07/2025  | 89 | 2880 | 11 | 0 |
|  | 07/2025  | 803 | $44 | 0 | (1) |
|  | 08/2025  | 14477 | 2019 | 0 | (11) |
|  | 08/2025  | 244 | 192 | 0 | (1) |
|  | 08/2025  | $1006 | 7259 | 12 | 0 |
|  | 08/2025  | 96 | 34777 | 6 | 0 |
|  | 09/2025  | 4922 | 27714 | 101 | 0 |
|  | 10/2025  | 36900 | $6068 | 0 | (569) |
|  | 12/2025  | 7317 | 1990 | 0 | (66) |
|  | 04/2026  | 31600 | 5362 | 0 | (74) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 07/2025  | 57587 | 10553 | 0 | (47) |
|  | 07/2025  | 189 | 231 | 0 | (8) |
|  | 07/2025  | 38593 | 5347 | 0 | (50) |
|  | 07/2025  | 22216 | 3365 | 0 | (143) |
|  | 07/2025  | 39192 | 52799 | 0 | (998) |
|  | 07/2025  | 1290681 | 944 | 0 | (11) |
|  | 07/2025  | 3050 | 1819 | 0 | (40) |
|  | 07/2025  | 10453 | 2783 | 0 | (116) |
|  | 07/2025  | 8066 | 6279 | 0 | (64) |
|  | 07/2025  | 173156 | 5327 | 0 | (635) |
|  | 07/2025  | $10332 | 57587 | 268 | 0 |
|  | 07/2025  | 3572 | 13204 | 90 | 0 |
|  | 07/2025  | 402 | 514 | 3 | 0 |
|  | 07/2025  | 1256 | 37274 | 28 | 0 |
|  | 07/2025  | 54654 | $3058 | 0 | (24) |
|  | 08/2025  | 50193 | 6975 | 0 | (64) |
|  | 08/2025  | 513 | 402 | 0 | (3) |
|  | 08/2025  | 317265 | 9727 | 0 | (1302) |
|  | 08/2025  | $3098 | 268254 | 25 | 0 |
|  | 08/2025  | 2481 | 81327 | 346 | 0 |
|  | 04/2026  | 176300 | $29863 | 0 | (466) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 07/2025  | 1469 | 947 | 0 | (20) |
|  | 07/2025  | 35603 | 25922 | 0 | (223) |
|  | 07/2025  | 47 | 57 | 0 | (2) |
|  | 07/2025  | 24289 | 3374 | 0 | (22) |
|  | 07/2025  | 9785 | 11214 | 0 | (313) |
|  | 07/2025  | 3610 | 4886 | 0 | (69) |
|  | 07/2025  | 40608 | 5192 | 11 | 0 |
|  | 07/2025  | 197129 | 1372 | 3 | 0 |
|  | 07/2025  | 7473 | 1996 | 0 | (77) |
|  | 07/2025  | 19377 | 15104 | 0 | (135) |
|  | 07/2025  | 59213 | 1789 | 0 | (34) |
|  | 07/2025  | 82952 | 2545 | 0 | (311) |
|  | 07/2025  | $25969 | 35627 | 193 | 0 |
|  | 07/2025  | 3120 | 2705 | 66 | 0 |
|  | 07/2025  | 615 | 9987111 | 1 | 0 |
|  | 07/2025  | 10601 | 13709 | 181 | 0 |
|  | 07/2025  | 43 | 1274 | 1 | 0 |
|  | 08/2025  | 22790 | $16607 | 0 | (157) |
|  | 08/2025  | 18553 | 2568 | 0 | (34) |
|  | 08/2025  | 1151 | 1353 | 0 | (6) |
|  | 08/2025  | 1396 | 1912 | 0 | (4) |
|  | 08/2025  | 143447 | 1671 | 1 | 0 |
|  | 08/2025  | 3345 | 23 | 0 | 0 |
|  | 08/2025  | 13678 | 10601 | 0 | (183) |
|  | 08/2025  | 129484 | 3997 | 0 | (504) |
|  | 08/2025  | $1333 | 9617 | 16 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 07/2025  | 89100 | $15178 | 0 | (1221) |
|  | 07/2025  | 97495 | 675 | 0 | (2) |
|  | 07/2025  | $16327 | 89100 | 72 | 0 |
|  | 07/2025  | 6871 | 1001473 | 83 | 0 |
|  | 07/2025  | 2110 | 21282 | 2 | 0 |
|  | 07/2025  | 10 | 38 | 0 | 0 |
|  | 08/2025  | 13708 | $1915 | 0 | (7) |
|  | 08/2025  | 997791 | 6871 | 0 | (83) |
|  | 08/2025  | 21278 | 2110 | 0 | (2) |
|  | 09/2025  | 28577401 | 6929 | 8 | 0 |
|  | 09/2025  | $5438 | 103998 | 59 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 07/2025  | 112 | $32 | 0 | (1) |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 07/2025  | 07/2025  | 552400 | 552400 | 552400 |  |  | 3879 | 3879 |  | 43 | 43 | 43 |  | 0 |
|  |  | 07/2025  | 07/2025  | 17850 | 17850 | 17850 |  |  | 4788 | 4788 |  | 0 | 0 | 0 |  | (247) |
|  |  | 07/2025  | 07/2025  | 7104 | 7104 | 7104 |  |  | 244 | 244 |  | 0 | 0 | 0 |  | (1) |
|  |  | 07/2025  | 07/2025  | $2996 | 2996 | 2996 | IDR | IDR | 48812065 | 48812065 |  | 14 | 14 | 14 |  | 0 |
|  |  | 07/2025  | 07/2025  | 77 | 77 | 77 | JPY | JPY | 11156 | 11156 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2025  | 07/2025  | 2117 | 2117 | 2117 | SGD | SGD | 2730 | 2730 |  | 31 | 31 | 31 |  | 0 |
|  |  | 07/2025  | 07/2025  | 2250 | 2250 | 2250 | THB | THB | 73079 | 73079 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2025  | 07/2025  | 7163 | 7163 | 7163 | TWD | TWD | 208927 | 208927 |  | 30 | 30 | 30 |  | 0 |
|  |  | 08/2025  | 08/2025  | 54941 | 54941 | 54941 | $ | $ | 7674 | 7674 |  | 0 | 0 | 0 |  | (30) |
|  |  | 08/2025  | 08/2025  | 11115 | 11115 | 11115 |  |  | 77 | 77 |  | 0 | 0 | 0 |  | 0 |
|  |  | 08/2025  | 08/2025  | 2724 | 2724 | 2724 |  |  | 2117 | 2117 |  | 0 | 0 | 0 |  | (31) |
|  |  | 08/2025  | 08/2025  | 46485 | 46485 | 46485 |  |  | 1425 | 1425 |  | 0 | 0 | 0 |  | (191) |
|  |  | 08/2025  | 08/2025  | $8156 | 8156 | 8156 | CNH | CNH | 59000 | 59000 |  | 117 | 117 | 117 |  | 0 |
|  |  | 08/2025  | 08/2025  | 2495 | 2495 | 2495 | INR | INR | 214212 | 214212 |  | 0 | 0 | 0 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 07/2025  | 07/2025  | 4290 | 4290 | 4290 | $ | $ | 776 | 776 |  | 0 | 0 | 0 |  | (14) |
|  |  | 07/2025  | 07/2025  | $786 | 786 | 786 | BRL | BRL | 4290 | 4290 |  | 4 | 4 | 4 |  | 0 |
|  |  | 07/2025  | 07/2025  | 11451 | 11451 | 11451 | JPY | JPY | 1652904 | 1652904 |  | 27 | 27 | 27 |  | 0 |
|  |  | 07/2025  | 07/2025  | 221 | 221 | 221 | NOK | NOK | 2216 | 2216 |  | 0 | 0 | 0 |  | (1) |
|  |  | 08/2025  | 08/2025  | 1646838 | 1646838 | 1646838 | $ | $ | 11451 | 11451 |  | 0 | 0 | 0 |  | (28) |
|  |  | 08/2025  | 08/2025  | 2215 | 2215 | 2215 |  |  | 221 | 221 |  | 1 | 1 | 1 |  | 0 |
|  |  | 08/2025  | 08/2025  | 106043 | 106043 | 106043 |  |  | 3504 | 3504 |  | 0 | 0 | 0 |  | (182) |
|  |  | 08/2025  | 08/2025  | $5 | 5 | 5 | HUF | HUF | 1641 | 1641 |  | 0 | 0 | 0 |  | 0 |
|  |  | 08/2025  | 08/2025  | 14 | 14 | 14 | INR | INR | 1234 | 1234 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 07/2025  | 07/2025  | 5593558 | 5593558 | 5593558 | $ | $ | 5958 | 5958 |  | 0 | 0 | 0 |  | (47) |
|  |  | 07/2025  | 07/2025  | 1114 | 1114 | 1114 |  |  | 311 | 311 |  | 0 | 0 | 0 |  | (20) |
|  |  | 07/2025  | 07/2025  | 63614 | 63614 | 63614 |  |  | 439 | 439 |  | 0 | 0 | 0 |  | (2) |
|  |  | 07/2025  | 07/2025  | 267856 | 267856 | 267856 |  |  | 198 | 198 |  | 0 | 0 | 0 |  | (1) |
|  |  | 07/2025  | 07/2025  | 18503 | 18503 | 18503 |  |  | 1822 | 1822 |  | 0 | 0 | 0 |  | (14) |
|  |  | 07/2025  | 07/2025  | 9402 | 9402 | 9402 |  |  | 283 | 283 |  | 0 | 0 | 0 |  | (7) |
|  |  | 07/2025  | 07/2025  | $198 | 198 | 198 | KRW | KRW | 267986 | 267986 |  | 1 | 1 | 1 |  | 0 |
|  |  | 08/2025  | 08/2025  | 21240 | 21240 | 21240 | $ | $ | 718 | 718 |  | 0 | 0 | 0 |  | (20) |
|  |  | 08/2025  | 08/2025  | $6311 | 6311 | 6311 | CNH | CNH | 45556 | 45556 |  | 77 | 77 | 77 |  | 0 |
|  |  | 09/2025  | 09/2025  | 275 | 275 | 275 | MXN | MXN | 5322 | 5322 |  | 7 | 7 | 7 |  | 0 |
|  |  | 12/2025  | 12/2025  | 18029 | 18029 | 18029 | $ | $ | 384 | 384 |  | 0 | 0 | 0 |  | (8) |
| **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** | $**14694** | **14694** | **14694** | **$** | $**(34725)** | **(34725)** |
| **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 | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BRC | Call - OTC 1-Year Interest Rate Swap  | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.750% | 3.750% | 3.750% | 3.750% | 246600 | 246600 | 246600 | $1187 | 1187 | $ | $853 |
| CBK | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 6.050 | 6.050 | 6.050 | 6.050 | 45400 | 45400 | 45400 | 11 | 11 |  | 0 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**1198** | **1198** | **$** | $**853** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** |
| Counterparty | Description | Description | Description | Description | Buy/Sell<br>Protection | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| GST | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | 0.850% | 0.850% | 0.850% | 0.850% | 2400 | 2400 | 2400 | $(3) | (3) | $ | $0 |
|  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | 0.900 | 0.900 | 0.900 | 0.900 | 5800 | 5800 | 5800 | (6) | (6) |  | (1) |
| JPM | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | 1.000 | 1.000 | 1.000 | 1.000 | 2700 | 2700 | 2700 | (3) | (3) |  | 0 |
| RBC | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | 0.850 | 0.850 | 0.850 | 0.850 | 3000 | 3000 | 3000 | (4) | (4) |  | 0 |
|  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | 0.900 | 0.900 | 0.900 | 0.900 | 2600 | 2600 | 2600 | (3) | (3) |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $(19) | (19) | $ | $(1) |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description | Description |  |  | Strike<br>Price | Strike<br>Price | 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 |
| UAG | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | TRY | TRY | 54.000 | 54.000 | 3300 | 3300 | 3300 | $(109) | (109) | $ | $(90) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| BRC | Call - OTC 1-Year Interest Rate Swap  | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 2.830% | 2.830% | 2.830% | 2.830% | 246600 | 246600 | 246600 | $(440) | (440) | $ | $(145) |
|  | Call - OTC 1-Year Interest Rate Swap  | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.290 | 3.290 | 3.290 | 3.290 | 246600 | 246600 | 246600 | (734) | (734) |  | (343) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $(1174) | (1174) | $ | $(488) |
| **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** | $**(1302)** | **(1302)** | **$** | $**(579)** |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| DUB | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.750% | 4.750% | Monthly | 07/06/2026 | 07/06/2026 | 07/06/2026 | —◆ | —◆ | $ | $1988 | $0 | 0 | $11 | 11 | $11 | 11 | $0 |
|  | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.850 | 4.850 | Monthly | 07/06/2026 | 07/06/2026 | 07/06/2026 | —◆ | —◆ |  | 841 | 0 | 0 | 5 | 5 | 5 | 5 | 0 |
| GST | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | 1.000 | 1.000 | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 1.490% | 1.490% |  | 500 | (4) | (4) | 2 | 2 | 0 | 0 | (2) |
| JPM | Hochtief AG  | Hochtief AG  | 5.000 | 5.000 | Quarterly | 12/20/2025 | 12/20/2025 | 12/20/2025 | 0.167 | 0.167 | EUR | 1600 | 370 | 370 | (324) | (324) | 46 | 46 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $366 | 366 | $(306) | (306) | $62 | 62 | $(2) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset |  | Liability |
| BOA | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | 5.000% | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | EUR | 8564 | 1662 | $ | 197 | $ | 1859 | $ | 0 |
| BPS | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | 5.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 |  | 13979 | 2748 |  | 286 |  | 3034 |  | 0 |
| GST | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | 5.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 |  | 6202 | 1238 |  | 108 |  | 1346 |  | 0 |
| JPM | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | 5.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 |  | 51386 | 10604 |  | 551 |  | 11155 |  | 0 |
| SAL | CMBX.NA.AAA.16 Index  | CMBX.NA.AAA.16 Index  | CMBX.NA.AAA.16 Index  | CMBX.NA.AAA.16 Index  | CMBX.NA.AAA.16 Index  | 0.500 | Monthly | Monthly | 04/17/2065 | 04/17/2065 | $ | 7100 | (109) |  | 46 |  | 0 |  | (63) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $16143 | 16143 | $1188 | 1188 | $17394 | 17394 | $(63) |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Underlying<br>Reference | Underlying<br>Reference | # of Units | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | RADMFUNT Index  | RADMFUNT Index  | 2651 | 2651 | &nbsp;&nbsp; 4.670% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.670% (FEDL01 plus a specified spread) | Monthly | Monthly | 08/06/2025 | 08/06/2025 | 5718 | $0 | 0 | $(20) | (20) | $0 | 0 | $(20) |
|  |  | RU20INTR Index  | RU20INTR Index  | 453 | 453 | &nbsp;&nbsp; 4.560% | &nbsp;&nbsp; 4.560% | Monthly | Monthly | 08/06/2025 | 08/06/2025 | 5366 | 0 | 0 | (13) | (13) | 0 | 0 | (13) |
|  |  | RU20INTR Index  | RU20INTR Index  | 1078 | 1078 | &nbsp;&nbsp; 4.730% | &nbsp;&nbsp; 4.730% | Monthly | Monthly | 10/01/2025 | 10/01/2025 | 12769 | 0 | 0 | (45) | (45) | 0 | 0 | (45) |
|  |  | RADMFENT Index  | RADMFENT Index  | 3984 | 3984 | &nbsp;&nbsp; 5.050% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 5.050% (FEDL01 plus a specified spread) | Monthly | Monthly | 10/15/2025 | 10/15/2025 | 7412 | 0 | 0 | (27) | (27) | 0 | 0 | (27) |
|  |  | RADMFENT Index  | RADMFENT Index  | 7621 | 7621 | &nbsp;&nbsp; 5.070% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 5.070% (FEDL01 plus a specified spread) | Monthly | Monthly | 11/05/2025 | 11/05/2025 | 14178 | 0 | 0 | (50) | (50) | 0 | 0 | (50) |
|  |  | RADMFXNT Index  | RADMFXNT Index  | 1685 | 1685 | &nbsp;&nbsp; 4.810% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.810% (FEDL01 plus a specified spread) | Monthly | Monthly | 11/05/2025 | 11/05/2025 | 3634 | 0 | 0 | (13) | (13) | 0 | 0 | (13) |
|  |  | RADMFXNT Index  | RADMFXNT Index  | 6685 | 6685 | &nbsp;&nbsp; 4.860% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.860% (FEDL01 plus a specified spread) | Monthly | Monthly | 11/05/2025 | 11/05/2025 | 14419 | 0 | 0 | (44) | (44) | 0 | 0 | (44) |
|  |  | RADMFENT Index  | RADMFENT Index  | 30497 | 30497 | &nbsp;&nbsp; 5.010% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 5.010% (FEDL01 plus a specified spread) | Monthly | Monthly | 02/04/2026 | 02/04/2026 | 56736 | 0 | 0 | (206) | (206) | 0 | 0 | (206) |
|  |  | RADMFENT Index  | RADMFENT Index  | 16192 | 16192 | &nbsp;&nbsp; 5.070% | &nbsp;&nbsp; 5.070% | Monthly | Monthly | 03/04/2026 | 03/04/2026 | 30123 | 0 | 0 | (109) | (109) | 0 | 0 | (109) |
|  |  | RADMFENT Index  | RADMFENT Index  | 15744 | 15744 | &nbsp;&nbsp; 4.990% | &nbsp;&nbsp; 4.990% | Monthly | Monthly | 04/15/2026 | 04/15/2026 | 29290 | 0 | 0 | (104) | (104) | 0 | 0 | (104) |
|  |  | RADMFENT Index  | RADMFENT Index  | 14573 | 14573 | &nbsp;&nbsp; 4.920% | &nbsp;&nbsp; 4.920% | Monthly | Monthly | 05/20/2026 | 05/20/2026 | 27112 | 0 | 0 | (135) | (135) | 0 | 0 | (135) |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | NDDUEAFE Index  | NDDUEAFE Index  | 11312 | 11312 | &nbsp;&nbsp; 4.660% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.660% (FEDL01 plus a specified spread) | Monthly | Monthly | 09/24/2025 | 09/24/2025 | 109198 | 0 | 0 | (388) | (388) | 0 | 0 | (388) |
| &nbsp;&nbsp; GST | &nbsp;&nbsp; GST | RADMFENT Index  | RADMFENT Index  | 6003 | 6003 | &nbsp;&nbsp; 5.020% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 5.020% (FEDL01 plus a specified spread) | Monthly | Monthly | 11/05/2025 | 11/05/2025 | 11168 | 0 | 0 | (41) | (41) | 0 | 0 | (41) |
|  |  | NDDUEAFE Index  | NDDUEAFE Index  | 1017 | 1017 | &nbsp;&nbsp; 4.700% | &nbsp;&nbsp; 4.700% | Monthly | Monthly | 06/10/2026 | 06/10/2026 | 9817 | 0 | 0 | (23) | (23) | 0 | 0 | (23) |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | ERAUSLT Index  | ERAUSLT Index  | 9695 | 9695 | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 4.800% | Monthly | Monthly | 07/02/2025 | 07/02/2025 | 68872 | 0 | 0 | 1554 | 1554 | 1554 | 1554 | 0 |
|  |  | NDDUEAFE Index  | NDDUEAFE Index  | 13553 | 13553 | &nbsp;&nbsp; 4.400% | &nbsp;&nbsp; 4.400% | Monthly | Monthly | 07/02/2025 | 07/02/2025 | 128010 | 0 | 0 | 2396 | 2396 | 2396 | 2396 | 0 |
|  |  | RADMFENT Index  | RADMFENT Index  | 24798 | 24798 | &nbsp;&nbsp; 4.610% | &nbsp;&nbsp; 4.610% | Monthly | Monthly | 07/02/2025 | 07/02/2025 | 52287 | 0 | 0 | 1020 | 1020 | 1020 | 1020 | 0 |
|  |  | RADMFENT Index  | RADMFENT Index  | 62649 | 62649 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5.000% | Monthly | Monthly | 07/02/2025 | 07/02/2025 | 110245 | 0 | 0 | 5894 | 5894 | 5894 | 5894 | 0 |
|  |  | RADMFUNT Index  | RADMFUNT Index  | 10191 | 10191 | &nbsp;&nbsp; 4.510% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.510% (FEDL01 plus a specified spread) | Monthly | Monthly | 07/09/2025 | 07/09/2025 | 26266 | 0 | 0 | (89) | (89) | 0 | 0 | (89) |
|  |  | RADMFUNT Index  | RADMFUNT Index  | 8242 | 8242 | &nbsp;&nbsp; 4.260% | &nbsp;&nbsp; 4.260% | Monthly | Monthly | 07/16/2025 | 07/16/2025 | 21243 | 0 | 0 | (69) | (69) | 0 | 0 | (69) |
|  |  | ERAUSLT Index  | ERAUSLT Index  | 50976 | 50976 | &nbsp;&nbsp; 4.580% | &nbsp;&nbsp; 4.580% | Monthly | Monthly | 08/06/2025 | 08/06/2025 | 31753 | 0 | 0 | (110) | (110) | 0 | 0 | (110) |
|  |  | ERAUSLT Index  | ERAUSLT Index  | 55561 | 55561 | &nbsp;&nbsp; 4.650% | &nbsp;&nbsp; 4.650% | Monthly | Monthly | 09/03/2025 | 09/03/2025 | 34609 | 0 | 0 | (110) | (110) | 0 | 0 | (110) |
|  |  | RADMFENT Index  | RADMFENT Index  | 78997 | 78997 | &nbsp;&nbsp; 4.690% | &nbsp;&nbsp; 4.690% | Monthly | Monthly | 09/03/2025 | 09/03/2025 | 170391 | 0 | 0 | (537) | (537) | 0 | 0 | (537) |
|  |  | RADMFENT Index  | RADMFENT Index  | 85414 | 85414 | &nbsp;&nbsp; 4.950% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.950% (FEDL01 plus a specified spread) | Monthly | Monthly | 09/03/2025 | 09/03/2025 | 158903 | 0 | 0 | (574) | (574) | 0 | 0 | (574) |
|  |  | ERADXULT Index  | ERADXULT Index  | 2034 | 2034 | &nbsp;&nbsp; 5.230% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 5.230% (FEDL01 plus a specified spread) | Maturity | Maturity | 10/01/2025 | 10/01/2025 | 5462 | 0 | 0 | 511 | 511 | 511 | 511 | 0 |
|  |  | RADMFXNT Index  | RADMFXNT Index  | 16072 | 16072 | &nbsp;&nbsp; 4.690% | &nbsp;&nbsp; 4.690% | Monthly | Monthly | 05/20/2026 | 05/20/2026 | 34666 | 0 | 0 | (168) | (168) | 0 | 0 | (168) |
| &nbsp;&nbsp; MBC | &nbsp;&nbsp; MBC | RU20INTR Index  | RU20INTR Index  | 1929 | 1929 | &nbsp;&nbsp; 4.770% | &nbsp;&nbsp; 4.770% | Monthly | Monthly | 07/09/2025 | 07/09/2025 | 22849 | 0 | 0 | (82) | (82) | 0 | 0 | (82) |

---

------

<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Receive | ERADXULT Index  | 1680 | &nbsp;&nbsp; 5.420% (FEDL01 plus a specified spread) | Monthly | 11/05/2025 | 5139 | 0 | (37) | 0 | (37) |
|  |  | Receive | ERAUSLT Index  | 493 | &nbsp;&nbsp; 4.800% | Monthly | 02/04/2026 | 3594 | 0 | (13) | 0 | (13) |
| &nbsp;&nbsp; MEI | &nbsp;&nbsp; MEI | Receive | ERAEMLT Index  | 23164 | &nbsp;&nbsp; 5.440% (FEDL01 plus a specified spread) | Monthly | 07/02/2025 | 119916 | 0 | 5939 | 5939 | 0 |
|  |  | Receive | ERAEMLT Index  | 19525 | &nbsp;&nbsp; 5.650% | Monthly | 07/02/2025 | 101077 | 0 | 5000 | 5000 | 0 |
|  |  | Receive | ERADXULT Index  | 6422 | &nbsp;&nbsp; 5.100% | Monthly | 08/20/2025 | 19643 | 0 | (143) | 0 | (143) |
|  |  | Receive | NDDUEAFE Index  | 14853 | &nbsp;&nbsp; 4.610% (FEDL01 plus a specified spread) | Monthly | 08/20/2025 | 143380 | 0 | (504) | 0 | (504) |
|  |  | Receive | ERAEMLT Index  | 7242 | &nbsp;&nbsp; 5.570% (FEDL01 plus a specified spread) | Monthly | 01/07/2026 | 39506 | 0 | (163) | 0 | (163) |
|  |  | Receive | ERAEMLT Index  | 4454 | &nbsp;&nbsp; 5.605% | Monthly | 03/04/2026 | 24297 | 0 | (99) | 0 | (99) |
| &nbsp;&nbsp; MYI | &nbsp;&nbsp; MYI | Receive | NDDUEAFE Index  | 3758 | &nbsp;&nbsp; 4.400% | Monthly | 07/09/2025 | 36277 | 0 | (119) | 0 | (119) |
|  |  | Receive | ERAUSST Index  | 9398 | &nbsp;&nbsp; 4.690% (FEDL01 plus a specified spread) | Monthly | 07/16/2025 | 68505 | 0 | (243) | 0 | (243) |
|  |  | Receive | ERADXULT Index  | 39437 | &nbsp;&nbsp; 5.350% | Monthly | 09/03/2025 | 120628 | 0 | (843) | 0 | (843) |
|  |  | Receive | ERAUSLT Index  | 3842 | &nbsp;&nbsp; 4.930% | Monthly | 10/01/2025 | 2393 | 0 | (9) | 0 | (9) |
|  |  | Receive | ERAUSLT Index  | 15245 | &nbsp;&nbsp; 5.180% (FEDL01 plus a specified spread) | Monthly | 11/12/2025 | 9496 | 0 | (38) | 0 | (38) |
|  |  | Receive | ERAUSLT Index  | 4546 | &nbsp;&nbsp; 5.270% (FEDL01 plus a specified spread) | Monthly | 01/07/2026 | 13905 | 0 | (97) | 0 | (97) |
|  |  | Receive | ERADXULT Index  | 17721 | &nbsp;&nbsp; 5.355% | Monthly | 04/01/2026 | 54204 | 0 | (379) | 0 | (379) |
|  |  | Receive | ERADXULT Index  | 4278 | &nbsp;&nbsp; 5.370% | Monthly | 04/15/2026 | 13085 | 0 | (92) | 0 | (92) |
|  |  | Receive | NDDUEAFE Index  | 954 | &nbsp;&nbsp; 4.680% | Monthly | 05/20/2026 | 9209 | 0 | (45) | 0 | (45) |
|  |  | Receive | NDDUEAFE Index  | 10641 | &nbsp;&nbsp; 4.690% | Monthly | 06/03/2026 | 102720 | 0 | (312) | 0 | (312) |
| &nbsp;&nbsp; RBC | &nbsp;&nbsp; RBC | Receive | RU20INTR Index  | 4568 | &nbsp;&nbsp; 4.770% | Monthly | 07/02/2025 | 51318 | 0 | 2597 | 2597 | 0 |
|  |  | Receive | ERAUSST Index  | 2264 | &nbsp;&nbsp; 4.910% (FEDL01 plus a specified spread) | Monthly | 01/21/2026 | 16503 | 0 | (64) | 0 | (64) |
|  |  |  |  |  |  |  |  |  | $0 | 18754 | $24911 | $(6157) |
| **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** | $**16509** | **19636** | $**42367** | $**(6222)** |
| **(l)** | **Securities with an aggregate market value of $9,115 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $9,115 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $9,115 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $9,115 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $9,115 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $9,115 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $9,115 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $9,115 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $9,115 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $9,115 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $9,115 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $9,115 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** |
| <sup>◆</sup> | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the 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>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit 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. |
| <sup>(6)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |  |

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<br> Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investments** **in Securities, at Value** | **Investments** **in Securities, at Value** | **Investments** **in Securities, at Value** | **Investments** **in Securities, at Value** | **Investments** **in Securities, at Value** |
| Loan Participations and Assignments | $0 | $3627 | $2367 | $5994 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | 4400 | 116335 | 472 | 121207 |
| Industrials | 0 | 27233 | 0 | 27233 |
| Utilities | 0 | 28853 | 0 | 28853 |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| California | 0 | 975 | 0 | 975 |
| Illinois | 0 | 357 | 0 | 357 |
| Nebraska | 0 | 22 | 0 | 22 |
| Ohio | 0 | 56 | 0 | 56 |
| Pennsylvania | 0 | 5 | 0 | 5 |
| Washington | 0 | 669 | 0 | 669 |
| U.S. Government Agencies | 0 | 1262127 | 0 | 1262127 |
| U.S. Treasury Obligations | 0 | 169770 | 0 | 169770 |
| Non-Agency Mortgage-Backed Securities | 0 | 188096 | 0 | 188096 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile Sequential | 0 | 51441 | 0 | 51441 |
| CMBS Other | 0 | 60221 | 0 | 60221 |
| Home Equity Other | 0 | 291656 | 0 | 291656 |
| Home Equity Sequential | 0 | 11 | 0 | 11 |
| Whole Loan Collateral | 0 | 62666 | 0 | 62666 |
| Other ABS | 0 | 171188 | 0 | 171188 |
| Sovereign Issues | 0 | 187062 | 0 | 187062 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Commercial Paper | 280 | 121380 | 0 | 121660 |
| Mutual Funds | 0 | 9658 | 0 | 9658 |
| Repurchase Agreements | 0 | 834400 | 0 | 834400 |
| Nigeria Treasury Bills | 0 | 2214 | 0 | 2214 |
| U.S. Treasury Bills | 0 | 11532 | 0 | 11532 |
|  | $4680 | $3601554 | $2839 | $3609073 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $31 | $0 | $0 | $31 |
| Total Investments | $4711 | $3601554 | $2839 | $3609104 |
| **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 | $(120697) | $0 | $(120697) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 0 | 1713 | 0 | 1713 |
| Over the counter | 0 | 57898 | 16 | 57914 |
|  | $0 | $59611 | $16 | $59627 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | (1) | (4603) | 0 | (4604) |
| Over the counter | 0 | (41526) | 0 | (41526) |
|  | $(1) | $(46129) | $0 | $(46130) |
| Total Financial Derivative Instruments | $(1) | $13482 | $16 | $13497 |
| Totals | $4710 | $3494339 | $2855 | $3501904 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

---

------

<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund June 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 188.6% ¤** |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **BANKING & FINANCE 0.6%**  |  |  |
| **Ally Financial, Inc.** <br>8.000% due 11/01/2031 | $176 | $200 |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | 46 | 44 |
| **Credicorp Capital Sociedad Titulizadora SA** <br>9.700% due 03/05/2045 « | 1100 | 324 |
| **HSBC Holdings PLC** <br>6.000% due 03/29/2040 | 274 | 367 |
| **Jyske Realkredit AS**  |  |  |
| 0.500% due 10/01/2043  | 66 | 9 |
| 1.000% due 10/01/2050  | 2888 | 357 |
| 1.500% due 10/01/2053  | 2308 | 287 |
| 2.000% due 10/01/2053  | 3943 | 520 |
| **Nordea Kredit Realkreditaktieselskab**  |  |  |
| 1.000% due 10/01/2050  | 1 | 0 |
| 1.500% due 10/01/2053  | 3932 | 477 |
| **Nykredit Realkredit AS**  |  |  |
| 1.000% due 10/01/2053  | 9 | 1 |
| 2.000% due 10/01/2053  | 11 | 1 |
| **Realkredit Danmark AS**  |  |  |
| 1.500% due 10/01/2053  | 47321 | 6077 |
| 2.000% due 10/01/2053  | 1759 | 214 |
| 2.500% due 04/01/2047  | 2 | 0 |
| 3.000% due 10/01/2053  | 9907 | 1470 |
| **UBS Group AG**  |  |  |
| 1.000% due 06/24/2027 •  | 100 | 116 |
| 2.125% due 11/15/2029 •  | 100 | 127 |
| 2.875% due 04/02/2032 •  | 100 | 115 |
| 7.750% due 03/01/2029 •  | 200 | 265 |
|  |  | 10971 |
| **INDUSTRIALS 0.0%**  |  |  |
| **VMware LLC** <br>3.900% due 08/21/2027 | $39 | 39 |
| **UTILITIES 0.0%**  |  |  |
| **Verizon Communications, Inc.**  |  |  |
| 2.355% due 03/15/2032  | 46 | 40 |
| 5.401% due 07/02/2037  | 282 | 284 |
|  |  | 324 |
| Total Corporate Bonds & Notes (Cost $12,732) |  | 11334 |
| **U.S. GOVERNMENT AGENCIES 19.9%**  |  |  |
| **Fannie Mae**  |  |  |
| 4.670% due 06/25/2048 •  | 2840 | 2782 |
| 4.850% due 10/25/2036 •  | 1 | 1 |
| 4.870% due 08/25/2037 •  | 34 | 34 |
| 5.335% due 06/25/2055 •  | 1787 | 1796 |
| 5.455% due 03/25/2055 •  | 2161 | 2162 |
| 5.465% due 03/25/2055 •  | 1907 | 1907 |
| 5.697% due 09/01/2044 - 10/01/2044 •  | 1 | 2 |
| 7.018% due 05/01/2038 •  | 155 | 161 |
| **Freddie Mac**  |  |  |
| 2.920% due 01/25/2026 | 706 | 698 |
| 4.798% due 07/15/2036 •  | 14 | 13 |
| 4.868% due 05/15/2032 - 09/15/2042 •  | 82 | 81 |
| 5.018% due 12/15/2037 •  | 17 | 17 |
| 5.038% due 10/15/2037 •  | 32 | 32 |
| 5.245% due 11/25/2054 •  | 10193 | 10172 |
| 5.255% due 10/25/2054 - 03/25/2055 •  | 3357 | 3339 |
| 5.455% due 03/25/2055 •  | 4442 | 4445 |
| 6.564% due 07/01/2036 •  | 4 | 4 |
| 6.901% due 10/01/2036 •  | 1 | 1 |
| 7.195% due 09/01/2036 •  | 1 | 1 |
| **Ginnie Mae**  |  |  |
| 0.000% due 10/16/2053 ~(a) | 72 | 0 |
| 3.500% due 06/20/2052 - 06/20/2055 | 105190 | 95905 |
| 4.739% due 10/20/2043 •  | 202 | 196 |

---

------

<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.832% due 02/20/2049 •  | 324 | 316 |
| 5.202% due 07/20/2073 •  | 18306 | 18408 |
| 5.402% due 05/20/2073 •  | 389 | 395 |
| 5.461% due 08/20/2068 •  | 539 | 542 |
| **U.S. Small Business Administration**  |  |  |
| 5.160% due 02/01/2028 | 1 | 1 |
| 5.310% due 05/01/2027 | 1 | 1 |
| 5.510% due 11/01/2027 | 1 | 1 |
| 5.820% due 06/01/2026 | 1 | 1 |
| 5.870% due 07/01/2028 | 1 | 1 |
| 6.770% due 11/01/2028 | 1 | 1 |
| **Uniform Mortgage-Backed Security**  |  |  |
| 3.500% due 02/01/2045 - 05/01/2052 | 330 | 297 |
| 4.000% due 09/01/2048 - 01/01/2053 | 2242 | 2091 |
| 4.500% due 07/01/2052 - 09/01/2052 | 883 | 847 |
| 5.500% due 08/01/2054 | 35489 | 35516 |
| 6.000% due 02/01/2054 - 03/01/2054 | 17911 | 18225 |
| 6.500% due 10/01/2053 - 02/01/2054 | 388 | 402 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.000% due 07/01/2055 | 25000 | 23249 |
| 4.500% due 07/01/2055 - 08/01/2055 | 26700 | 25541 |
| 6.000% due 08/01/2055 | 51500 | 52288 |
| 6.500% due 08/01/2055 | 54000 | 55680 |
| Total U.S. Government Agencies (Cost $354,288) |  | 357552 |
| **U.S. TREASURY OBLIGATIONS 106.7%**  |  |  |
| **U.S. Treasury Inflation Protected Securities (f)** |  |  |
| 0.125% due 04/15/2026 (l) | 5467 | 5407 |
| 0.125% due 07/15/2026 (j) | 70583 | 69979 |
| 0.125% due 10/15/2026 (j) | 55405 | 54775 |
| 0.125% due 04/15/2027 (l) | 30560 | 29924 |
| 0.125% due 01/15/2030 (j) | 52674 | 49725 |
| 0.125% due 07/15/2030 (j) | 55297 | 51962 |
| 0.125% due 01/15/2031 (j)(n) | 62879 | 58281 |
| 0.125% due 07/15/2031 (j) | 71460 | 65786 |
| 0.125% due 01/15/2032 (j) | 80653 | 73132 |
| 0.125% due 02/15/2051 (n) | 18986 | 10352 |
| 0.125% due 02/15/2052 (n) | 15095 | 8068 |
| 0.250% due 07/15/2029 (j) | 53545 | 51433 |
| 0.250% due 02/15/2050  | 20212 | 11752 |
| 0.375% due 01/15/2027 (j) | 44484 | 43881 |
| 0.375% due 07/15/2027 (j)(l)(n) | 50058 | 49387 |
| 0.500% due 01/15/2028 (j) | 57860 | 56793 |
| 0.625% due 07/15/2032 (j) | 70985 | 66241 |
| 0.625% due 02/15/2043  | 20838 | 15501 |
| 0.750% due 07/15/2028 (j) | 50220 | 49617 |
| 0.750% due 02/15/2042  | 25510 | 19827 |
| 0.750% due 02/15/2045  | 35007 | 25581 |
| 0.875% due 01/15/2029  | 35051 | 34515 |
| 0.875% due 02/15/2047  | 26052 | 18893 |
| 1.000% due 02/15/2046  | 22607 | 17145 |
| 1.000% due 02/15/2048  | 19641 | 14459 |
| 1.000% due 02/15/2049  | 18181 | 13204 |
| 1.125% due 01/15/2033 (j) | 109189 | 104387 |
| 1.250% due 04/15/2028 (j) | 62452 | 62347 |
| 1.375% due 07/15/2033 (j) | 88083 | 85581 |
| 1.375% due 02/15/2044  | 29397 | 24704 |
| 1.500% due 02/15/2053  | 31941 | 25323 |
| 1.625% due 10/15/2027 (j) | 65619 | 66447 |
| 1.625% due 10/15/2029 (j) | 45568 | 46141 |
| 1.625% due 04/15/2030  | 31539 | 31776 |
| 1.750% due 01/15/2028 (l) | 18330 | 18567 |
| 1.750% due 01/15/2034 (j) | 64906 | 64373 |
| 1.875% due 07/15/2034 (j) | 70637 | 70732 |
| 2.000% due 01/15/2026 (l) | 30456 | 30510 |
| 2.125% due 04/15/2029 (j) | 59629 | 61248 |
| 2.125% due 01/15/2035 (j) | 70335 | 71525 |
| 2.125% due 02/15/2040  | 14772 | 14593 |
| 2.125% due 02/15/2041  | 14190 | 13900 |
| 2.125% due 02/15/2054  | 18708 | 17136 |
| 2.375% due 01/15/2027  | 35470 | 36068 |
| 2.375% due 10/15/2028 (j) | 64510 | 66930 |
| 2.375% due 02/15/2055 (j) | 10369 | 10033 |
| 2.500% due 01/15/2029  | 30029 | 31252 |
| 3.375% due 04/15/2032 (n) | 132 | 147 |
| 3.875% due 04/15/2029 (l)(n) | 911 | 995 |
| Total U.S. Treasury Obligations (Cost $1,930,197) |  | 1920335 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.5%**  |  |  |
| **Alliance Bancorp Trust** <br>4.914% due 07/25/2037 •  | 1215 | 1084 |
| **Banc of America Funding Trust** <br>4.690% due 05/20/2036 ~ | 20 | 17 |

---

------

<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Bear** **Stearns Adjustable Rate Mortgage Trust**  |  |  |
| 4.235% due 07/25/2036 ~  | 9 | 8 |
| 4.521% due 02/25/2036 ~  | 21 | 20 |
| 5.837% due 01/25/2035 ~  | 4 | 4 |
| 7.105% due 01/25/2035 ~  | 6 | 6 |
| **Bear Stearns ALT-A Trust** <br>4.810% due 07/25/2035 ~ | 51 | 34 |
| **BX Trust** <br>5.061% due 04/15/2039 •  | 3205 | 3202 |
| **Chase Mortgage Finance Trust**  |  |  |
| 5.868% due 02/25/2037 ~  | 6 | 6 |
| 6.550% due 02/25/2037 ~  | 4 | 4 |
| **Citigroup Mortgage Loan Trust**  |  |  |
| 6.310% due 11/25/2035 •  | 2 | 2 |
| 6.756% due 03/25/2034 ~  | 4 | 4 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 5.500% due 04/25/2035  | 938 | 765 |
| 5.500% due 11/25/2035  | 7 | 6 |
| 6.000% due 03/25/2037  | 654 | 224 |
| 6.500% due 09/25/2037  | 164 | 58 |
| **Countrywide Home Loan Mortgage Pass-Through Trust**  |  |  |
| 4.788% due 08/20/2035 ~  | 78 | 74 |
| 4.924% due 11/20/2034 ~  | 14 | 14 |
| 5.500% due 01/25/2035  | 15 | 15 |
| 6.000% due 04/25/2036  | 39 | 19 |
| **Countrywide Home Loan Reperforming REMIC Trust** <br>4.774% due 06/25/2035 •  | 3 | 3 |
| **Credit Suisse First Boston Mortgage-Backed Pass-Through Certificates** <br>5.134% due 10/25/2035 •  | 37 | 17 |
| **Credit Suisse Mortgage Capital Mortgage-Backed Trust** <br>5.154% due 10/26/2036 ~ | 2 | 2 |
| **Deutsche Alt-A Securities Mortgage Loan Trust** <br>5.169% due 04/25/2047 •  | 114 | 102 |
| **Eurosail-U.K. PLC** <br>5.308% due 06/13/2045 •  | 46 | 63 |
| **First Horizon Alternative Mortgage Securities Trust**  |  |  |
| 5.103% due 04/25/2035 ~  | $11 | 11 |
| 6.000% due 02/25/2037  | 57 | 21 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.729% due 01/25/2036 ~  | 5 | 5 |
| 4.985% due 11/25/2035 ~  | 4 | 4 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.692% due 03/19/2037 •  | 57 | 52 |
| 4.842% due 12/19/2036 •  | 760 | 597 |
| 4.872% due 05/19/2035 •  | 37 | 35 |
| 5.052% due 11/19/2035 •  | 22 | 15 |
| 5.112% due 06/20/2035 •  | 29 | 27 |
| **IndyMac INDA Mortgage Loan Trust** <br>3.201% due 11/25/2035 ~ | 12 | 10 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 4.854% due 07/25/2036 •  | 70 | 67 |
| 4.994% due 07/25/2035 •  | 314 | 228 |
| **JP Morgan Alternative Loan Trust**  |  |  |
| 4.834% due 06/25/2037 •  | 820 | 306 |
| 6.810% due 08/25/2036  | 85 | 84 |
| **MASTR Adjustable Rate Mortgages Trust** <br>6.043% due 11/21/2034 ~ | 7 | 7 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Certificates** <br>5.166% due 09/15/2030 •  | 1 | 1 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.744% due 06/25/2035 ~  | 9 | 9 |
| 5.415% due 12/25/2034 ~  | 3 | 3 |
| **New Residential Mortgage Loan Trust** <br>2.750% due 07/25/2059 ~ | 373 | 358 |
| **OPEN Trust** <br>7.401% due 11/15/2040 •  | 952 | 955 |
| **Residential Accredit Loans, Inc. Trust** <br>6.000% due 09/25/2036 | 48 | 37 |
| **Residential Asset Securitization Trust**  |  |  |
| 4.834% due 05/25/2035 •  | 132 | 80 |
| 5.750% due 03/25/2037  | 51 | 15 |
| 6.500% due 09/25/2036  | 897 | 272 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 5.267% due 03/25/2036 ~  | 17 | 14 |
| 5.389% due 11/25/2034 •  | 45 | 41 |
| **Structured Asset Mortgage Investments Trust**  |  |  |
| 4.854% due 05/25/2036 •  | 6 | 4 |
| 5.112% due 05/19/2035 •  | 3 | 2 |
| **Thornburg Mortgage Securities Trust** <br>6.049% due 03/25/2037 •  | 142 | 100 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.579% due 08/25/2036 ~  | 1 | 1 |
| 5.174% due 11/25/2034 •  | 12 | 12 |
| 5.174% due 01/25/2045 •  | 16 | 16 |
| 5.234% due 01/25/2045 •  | 16 | 16 |
| 5.323% due 01/25/2035 ~  | 3 | 2 |

---

------

<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.387% due 06/25/2034 ~  | 2 | 2 |
| 6.924% due 10/25/2034 ~  | 2 | 2 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust** <br>6.500% due 08/25/2035 | 9 | 7 |
| **Wells Fargo Mortgage-Backed Securities Trust** <br>6.140% due 04/25/2036 ~ | 12 | 12 |
| Total Non-Agency Mortgage-Backed Securities (Cost $10,231) |  | 9183 |
| **ASSET-BACKED SECURITIES 9.6%**  |  |  |
| **CMBS OTHER 0.7%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.**  |  |  |
| 5.496% due 08/15/2034 •  | 1186 | 1187 |
| 5.776% due 11/15/2036 •  | 2861 | 2868 |
| **LoanCore Issuer Ltd.** <br>5.726% due 07/15/2036 •  | 340 | 340 |
| **MF1 Ltd.** <br>5.509% due 10/16/2036 •  | 5017 | 5017 |
| **Starwood Commercial Mortgage Trust** <br>5.629% due 04/18/2038 •  | 3129 | 3120 |
|  |  | 12532 |
| **HOME EQUITY OTHER 1.6%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 5.334% due 12/25/2034 •  | 39 | 36 |
| 5.559% due 04/25/2035 •  | 2000 | 1797 |
| **Argent Mortgage Loan Trust** <br>4.914% due 05/25/2035 •  | 61 | 55 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust** <br>4.894% due 11/25/2036 •  | 341 | 333 |
| **Bear Stearns Asset-Backed Securities Trust** <br>5.094% due 02/25/2036 •  | 547 | 543 |
| **BNC Mortgage Loan Trust** <br>4.754% due 11/25/2036 •  | 383 | 375 |
| **Citigroup Mortgage Loan Trust** <br>4.704% due 05/25/2037 •  | 2400 | 2273 |
| **Countrywide Asset-Backed Certificates** <br>4.934% due 03/25/2037 •  | 85 | 83 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.574% due 07/25/2037 •  | 60 | 56 |
| 4.624% due 11/25/2037 •  | 2125 | 2022 |
| 4.714% due 05/25/2035 •  | 210 | 206 |
| 4.834% due 09/25/2037 •  | 16 | 14 |
| 4.914% due 05/25/2036 •  | 691 | 585 |
| 5.214% due 11/25/2034 •  | 19 | 18 |
| 5.469% due 12/25/2035 •  | 286 | 283 |
| 5.805% due 04/25/2036 ~  | 60 | 56 |
| 6.159% due 11/25/2034 •  | 2920 | 2616 |
| **Fremont Home Loan Trust**  |  |  |
| 4.574% due 01/25/2037 •  | 172 | 89 |
| 4.704% due 10/25/2036 •  | 90 | 82 |
| 4.914% due 10/25/2036 •  | 631 | 252 |
| 5.274% due 03/25/2035 •  | 1701 | 1390 |
| **GSAMP Trust**  |  |  |
| 4.834% due 11/25/2036 •  | 82 | 38 |
| 5.169% due 09/25/2035 •  | 4 | 4 |
| 5.409% due 03/25/2035 •  | 91 | 87 |
| **Home Equity Mortgage Loan Asset-Backed Trust**  |  |  |
| 4.654% due 04/25/2037 •  | 80 | 62 |
| 5.014% due 11/25/2034 •  | 14 | 14 |
| **HSI Asset Securitization Corp. Trust** <br>4.974% due 02/25/2036 •  | 26 | 26 |
| **Long Beach Mortgage Loan Trust** <br>4.674% due 08/25/2036 •  | 69 | 28 |
| **MASTR Asset-Backed Securities Trust** <br>4.774% due 06/25/2036 •  | 182 | 169 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.854% due 02/25/2037 •  | 1279 | 361 |
| 5.154% due 10/25/2035 •  | 1223 | 1206 |
| 5.154% due 05/25/2036 •  | 1 | 1 |
| **Morgan Stanley ABS Capital, Inc. Trust**  |  |  |
| 4.564% due 10/25/2036 •  | 490 | 434 |
| 5.334% due 05/25/2034 •  | 1238 | 1196 |
| 5.469% due 07/25/2035 •  | 363 | 356 |
| **Option One Mortgage Loan Trust**  |  |  |
| 4.574% due 03/25/2037 •  | 144 | 96 |
| 4.674% due 04/25/2037 •  | 2646 | 1292 |
| 4.714% due 01/25/2037 •  | 183 | 118 |
| **Ownit Mortgage Loan Trust** <br>4.714% due 09/25/2037 •  | 4025 | 3604 |
| **Renaissance Home Equity Loan Trust**  |  |  |
| 5.294% due 06/25/2033 •  | 1259 | 1138 |
| 5.294% due 01/25/2037 þ  | 7262 | 2216 |

---

------

<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.534% due 09/25/2037 •  | 739 | 299 |
| **Residential Asset Securities Corp. Trust**  |  |  |
| 4.714% due 09/25/2036 •  | 983 | 974 |
| 4.914% due 08/25/2036 •  | 261 | 231 |
| **Saxon Asset Securities Trust** <br>4.744% due 09/25/2037 •  | 44 | 43 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>5.109% due 10/25/2035 •  | 1354 | 1309 |
| **Soundview Home Loan Trust**  |  |  |
| 4.634% due 06/25/2037 •  | 646 | 440 |
| 5.384% due 10/25/2037 •  | 84 | 64 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 5.004% due 10/25/2036 •  | 129 | 129 |
| 5.939% due 04/25/2035 •  | 1 | 1 |
| **Wells Fargo Home Equity Asset-Backed Securities Trust** <br>6.834% due 12/25/2034 •  | 95 | 95 |
|  |  | 29195 |
| **MANUFACTURING HOUSE ABS OTHER 0.1%**  |  |  |
| **Lehman ABS Manufactured Housing Contract Trust** <br>7.170% due 04/15/2040 ~ | 751 | 713 |
| **WHOLE LOAN COLLATERAL 0.7%**  |  |  |
| **Bear Stearns Asset-Backed Securities Trust** <br>5.434% due 09/25/2046 •  | 25 | 22 |
| **Citigroup Mortgage Loan Trust** <br>5.139% due 03/25/2037 •  | 4100 | 3955 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.929% due 10/25/2036 •  | 254 | 249 |
| **First Franklin Mortgage Loan Trust**  |  |  |
| 5.139% due 11/25/2036 •  | 380 | 371 |
| 5.304% due 09/25/2035 •  | 135 | 134 |
| **IndyMac INDB Mortgage Loan Trust** <br>4.574% due 07/25/2036 •  | 832 | 261 |
| **Lehman XS Trust** <br>4.702% due 06/25/2036 þ | 142 | 139 |
| **Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates** <br>5.194% due 12/25/2035 •  | 306 | 302 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.934% due 05/25/2036 •  | 806 | 416 |
| **Specialty Underwriting & Residential Finance Trust**  |  |  |
| 4.634% due 04/25/2037 •  | 2575 | 1893 |
| 4.754% due 09/25/2037 •  | 9707 | 4726 |
|  |  | 12468 |
| **OTHER ABS 6.5%**  |  |  |
| **522 Funding CLO Ltd.** <br>5.571% due 10/20/2031 •  | 323 | 324 |
| **American Money Management Corp. CLO Ltd.** <br>5.469% due 01/20/2035 •  | 3000 | 3001 |
| **Anchorage Capital CLO Ltd.**  |  |  |
| 5.319% due 10/20/2034 •  | 2800 | 2801 |
| 5.712% due 04/22/2034 •  | 1900 | 1904 |
| **Arbour CLO DAC** <br>3.473% due 05/15/2038 •  | 3500 | 4125 |
| **Bain Capital Credit CLO Ltd.** <br>5.269% due 04/23/2035 •  | $6700 | 6680 |
| **Bain Capital Euro CLO DAC** <br>2.976% due 01/20/2032 •  | 1106 | 1300 |
| **Blackrock European CLO DAC** <br>2.899% due 10/15/2031 •  | 998 | 1172 |
| **BlueMountain EUR CLO DAC** <br>3.189% due 01/15/2033 •  | 1699 | 1999 |
| **Cairn CLO DAC** <br>3.059% due 10/15/2031 •  | 1676 | 1970 |
| **Capital Street Master Trust** <br>5.654% due 10/16/2028 •  | $1000 | 1000 |
| **Carlyle Euro CLO DAC** <br>2.979% due 01/15/2031 •  | 1773 | 2089 |
| **Carlyle Global Market Strategies CLO Ltd.** <br>5.359% due 07/20/2034 •  | $5700 | 5707 |
| **Carlyle Global Market Strategies Euro CLO Ltd.** <br>2.893% due 11/15/2031 •  | 1964 | 2316 |
| **CQS U.S. CLO Ltd.** <br>5.469% due 01/20/2035 •  | $1900 | 1901 |
| **Crestline Denali CLO Ltd.** <br>5.561% due 04/20/2030 •  | 85 | 86 |
| **Crown Point CLO Ltd.** <br>5.499% due 10/20/2031 •  | 649 | 649 |
| **CVC Cordatus Loan Fund DAC**  |  |  |
| 2.605% due 09/15/2031 •  | 672 | 791 |
| 2.929% due 10/15/2031 •  | 638 | 752 |

---

------

<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Dryden** **Euro CLO DAC**  |  |  |
| 2.939% due 04/15/2033 •  | 1132 | 1333 |
| 3.003% due 05/15/2034 •  | 1368 | 1610 |
| **Euro-Galaxy CLO DAC** <br>2.811% due 04/24/2034 •  | 299 | 351 |
| **Guggenheim CLO Ltd.** <br>5.406% due 01/15/2035 •  | $3400 | 3394 |
| **Harvest CLO DAC**  |  |  |
| 2.916% due 10/20/2031 •  | 1290 | 1519 |
| 2.919% due 10/15/2031 •  | 1711 | 2016 |
| **Hayfin Emerald CLO DAC**  |  |  |
| 3.337% due 11/17/2037 •  | 1100 | 1294 |
| 3.586% due 07/18/2038 •  | 4600 | 5429 |
| 3.898% due 01/25/2037 •  | 4400 | 5190 |
| **Henley CLO DAC** <br>3.158% due 06/10/2034 •  | 1900 | 2233 |
| **Jamestown CLO Ltd.** <br>5.402% due 07/25/2034 •  | $4500 | 4487 |
| **Jubilee CLO DAC** <br>2.929% due 04/15/2031 •  | 778 | 915 |
| **KKR CLO Ltd.**  |  |  |
| 5.468% due 07/15/2030 •  | $105 | 105 |
| 5.698% due 01/15/2031 •  | 458 | 458 |
| **Madison Park Funding Ltd.** <br>5.256% due 10/15/2034 •  | 1200 | 1201 |
| **Man GLG Euro CLO DAC** <br>2.665% due 12/15/2031 •  | 1044 | 1226 |
| **Massachusetts Educational Financing Authority** <br>5.575% due 04/25/2038 •  | $20 | 20 |
| **Mountain View CLO LLC** <br>5.562% due 01/16/2031 •  | 151 | 151 |
| **Octagon Investment Partners Ltd.** <br>5.309% due 01/20/2035 •  | 1500 | 1492 |
| **OZLM Ltd.** <br>5.469% due 10/20/2031 •  | 175 | 175 |
| **Palmer Square European CLO DAC** <br>3.209% due 04/15/2035 •  | 800 | 942 |
| **Palmer Square European Loan Funding DAC** <br>3.170% due 10/15/2034 •  | 1300 | 1527 |
| **Rockford Tower Europe CLO DAC** <br>3.561% due 04/24/2037 •  | 1100 | 1296 |
| **Romark CLO Ltd.** <br>5.571% due 10/23/2030 •  | $196 | 196 |
| **Saranac CLO Ltd.** <br>5.724% due 08/13/2031 •  | 1258 | 1256 |
| **Sculptor CLO Ltd.** <br>5.329% due 07/20/2034 •  | 2700 | 2701 |
| **Sculptor European CLO DAC** <br>3.361% due 04/27/2038 •  | 4800 | 5663 |
| **TCI-Symphony CLO Ltd.** <br>5.523% due 10/13/2032 •  | $4260 | 4263 |
| **Trinitas CLO Ltd.**  |  |  |
| 5.309% due 07/20/2035 •  | 3100 | 3085 |
| 5.622% due 01/25/2034 •  | 3300 | 3302 |
| **Trysail CLO Ltd.** <br>5.511% due 10/20/2033 •  | 1100 | 1100 |
| **Venture CLO Ltd.**  |  |  |
| 5.521% due 07/20/2030 •  | 1129 | 1130 |
| 5.578% due 09/07/2030 •  | 192 | 192 |
| 5.581% due 07/20/2030 •  | 834 | 832 |
| **Verdelite Static CLO Ltd.** <br>5.399% due 07/20/2032 •  | 1766 | 1764 |
| **Voya Euro CLO DAC** <br>3.249% due 10/15/2034 •  | 10770 | 12677 |
| **Voya Ltd.** <br>5.518% due 10/15/2030 •  | $232 | 232 |
| **Wind River CLO Ltd.** <br>5.581% due 07/18/2031 •  | 29 | 29 |
|  |  | 117353 |
| Total Asset-Backed Securities (Cost $174,328) |  | 172261 |
| **SOVEREIGN ISSUES 5.4%**  |  |  |
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 07/01/2025 (e)  | 8400 | 1545 |
| 0.000% due 10/01/2025 (e)  | 190800 | 33874 |
| 0.000% due 04/01/2026 (e)  | 93400 | 15486 |
| **Canada Government Bond** <br>4.250% due 12/01/2026 (f) | 1239 | 957 |
| **France Government International Bond** <br>0.100% due 07/25/2031 (f) | 5371 | 6042 |
| **Italy Buoni Poliennali Del Tesoro**  |  |  |
| 0.400% due 05/15/2030 (f)  | 2475 | 2839 |
| 1.800% due 05/15/2036 (f)  | 931 | 1096 |
| **Japan Government International Bond**  |  |  |
| 0.100% due 03/10/2028 (f)  | 1503735 | 10813 |

---

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<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0.100% due 03/10/2029 (f)  | 3163615 | 22848 |
| **Mexican Udibonos** <br>4.000% due 08/24/2034 (f) | 4310 | 214 |
| **Mexico Government International Bond**  |  |  |
| 5.850% due 07/02/2032 (b)  | $400 | 405 |
| 6.625% due 01/29/2038 (b)  | 400 | 407 |
| Total Sovereign Issues (Cost $98,523) |  | 96526 |
|  | SHARES |  |
| **COMMON STOCKS 0.1%**  |  |  |
| **CONSUMER DISCRETIONARY 0.0%**  |  |  |
| **Marriott International, Inc. 'A'** | 2052 | 561 |
| **REAL ESTATE 0.1%**  |  |  |
| **CBRE Group, Inc. 'A' (c)** | 9228 | 1293 |
| **Jones Lang LaSalle, Inc. (c)** | 2470 | 632 |
|  |  | 1925 |
| Total Common Stocks (Cost $2,450) |  | 2486 |
| **PREFERRED SECURITIES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Bank of America Corp.**<br>5.875% due 03/15/2028 •(g) | 223000 | 227 |
| Total Preferred Securities (Cost $231) |  | 227 |
| **REAL ESTATE INVESTMENT TRUSTS 29.6%**  |  |  |
| **REAL ESTATE 29.6%**  |  |  |
| **Acadia Realty Trust** | 42126 | 782 |
| **Agree Realty Corp.** | 56463 | 4125 |
| **Alexander & Baldwin, Inc.** | 22777 | 406 |
| **Alexandria Real Estate Equities, Inc.** | 80214 | 5826 |
| **American Assets Trust, Inc.** | 24693 | 488 |
| **American Healthcare REIT, Inc.** | 49385 | 1814 |
| **American Homes 4 Rent 'A'** | 193277 | 6971 |
| **Americold Realty Trust, Inc.** | 138967 | 2311 |
| **Apartment Investment and Management Co. 'A'** | 40193 | 348 |
| **Apple Hospitality REIT, Inc.** | 116554 | 1360 |
| **AvalonBay Communities, Inc.** | 75581 | 15381 |
| **Brandywine Realty Trust** | 53818 | 231 |
| **Brixmor Property Group, Inc.** | 119393 | 3109 |
| **Broadstone Net Lease, Inc.** | 163730 | 2628 |
| **BXP, Inc.** | 47281 | 3190 |
| **Camden Property Trust** | 60154 | 6779 |
| **CareTrust REIT, Inc.** | 58115 | 1778 |
| **Centerspace** | 5369 | 323 |
| **Chatham Lodging Trust** | 15386 | 107 |
| **Community Healthcare Trust, Inc.** | 7804 | 130 |
| **COPT Defense Properties** | 34779 | 959 |
| **Cousins Properties, Inc.** | 87918 | 2640 |
| **CubeSmart** | 120657 | 5128 |
| **Curbline Properties Corp.** | 28857 | 659 |
| **DiamondRock Hospitality Co.** | 106796 | 818 |
| **Digital Realty Trust, Inc.** | 173962 | 30327 |
| **Diversified Healthcare Trust** | 61493 | 220 |
| **Douglas Emmett, Inc.** | 51786 | 779 |
| **Easterly Government Properties, Inc.** | 13116 | 291 |
| **EastGroup Properties, Inc.** | 27107 | 4530 |
| **Elme Communities** | 27932 | 444 |
| **Empire State Realty Trust, Inc. 'A'** | 41561 | 336 |
| **EPR Properties** | 28656 | 1669 |
| **Equinix, Inc.** | 54226 | 43135 |
| **Equity LifeStyle Properties, Inc.** | 117038 | 7218 |
| **Equity Residential** | 180427 | 12177 |
| **Essential Properties Realty Trust, Inc.** | 136060 | 4342 |
| **Essex Property Trust, Inc.** | 33730 | 9559 |
| **Extra Space Storage, Inc.** | 102639 | 15133 |
| **Federal Realty Investment Trust** | 40489 | 3846 |
| **First Industrial Realty Trust, Inc.** | 91055 | 4382 |
| **Four Corners Property Trust, Inc.** | 31520 | 848 |
| **Gaming & Leisure Properties, Inc.** | 11237 | 525 |
| **Getty Realty Corp.** | 16174 | 447 |
| **Gladstone Commercial Corp.** | 14491 | 208 |
| **Global Medical REIT, Inc.** | 19373 | 134 |
| **Global Net Lease, Inc.** | 61085 | 461 |
| **Healthcare Realty Trust, Inc.** | 114470 | 1815 |

---

------

<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Healthpeak** **Properties, Inc.** | 373316 | 6537 |
| **Highwoods Properties, Inc.** | 55057 | 1712 |
| **Host Hotels & Resorts, Inc.** | 430143 | 6607 |
| **Hudson Pacific Properties, Inc.** | 36724 | 101 |
| **Independence Realty Trust, Inc.** | 74895 | 1325 |
| **Innovative Industrial Properties, Inc.** | 8371 | 462 |
| **Invitation Homes, Inc.** | 374696 | 12290 |
| **JBG SMITH Properties** | 22877 | 396 |
| **Kilroy Realty Corp.** | 33169 | 1138 |
| **Kimco Realty Corp.** | 376979 | 7924 |
| **Kite Realty Group Trust** | 184492 | 4179 |
| **LXP Industrial Trust** | 216553 | 1789 |
| **Macerich Co.** | 79990 | 1294 |
| **Medical Properties Trust, Inc.** | 189072 | 815 |
| **Mid-America Apartment Communities, Inc.** | 61179 | 9055 |
| **National Health Investors, Inc.** | 24792 | 1738 |
| **National Storage Affiliates Trust** | 22406 | 717 |
| **NET Lease Office Properties (c)** | 4627 | 151 |
| **NETSTREIT Corp.** | 24673 | 418 |
| **NexPoint Residential Trust, Inc.** | 6709 | 224 |
| **NNN REIT, Inc.** | 98493 | 4253 |
| **Omega Healthcare Investors, Inc.** | 165476 | 6065 |
| **Paramount Group, Inc.** | 57452 | 350 |
| **Park Hotels & Resorts, Inc.** | 104613 | 1070 |
| **Pebblebrook Hotel Trust** | 37507 | 375 |
| **Phillips Edison & Co., Inc.** | 65425 | 2292 |
| **Piedmont Office Realty Trust, Inc. 'A'** | 40092 | 292 |
| **Plymouth Industrial REIT, Inc.** | 12268 | 197 |
| **Prologis, Inc.** | 471562 | 49571 |
| **Public Storage** | 83744 | 24572 |
| **Realty Income Corp.** | 464049 | 26734 |
| **Regency Centers Corp.** | 85006 | 6055 |
| **Rexford Industrial Realty, Inc.** | 94107 | 3347 |
| **RLJ Lodging Trust** | 48479 | 353 |
| **Ryman Hospitality Properties, Inc.** | 30463 | 3006 |
| **Sabra Health Care REIT, Inc.** | 28657 | 528 |
| **Service Properties Trust** | 50920 | 122 |
| **Sila Realty Trust, Inc.** | 28734 | 680 |
| **Simon Property Group, Inc.** | 157792 | 25367 |
| **SITE Centers Corp.** | 14795 | 167 |
| **SL Green Realty Corp.** | 36903 | 2284 |
| **STAG Industrial, Inc.** | 97942 | 3553 |
| **Summit Hotel Properties, Inc.** | 30195 | 154 |
| **Sun Communities, Inc.** | 62867 | 7952 |
| **Sunstone Hotel Investors, Inc.** | 104558 | 908 |
| **Tanger, Inc.** | 35702 | 1092 |
| **Terreno Realty Corp.** | 33048 | 1853 |
| **UDR, Inc.** | 182559 | 7454 |
| **UMH Properties, Inc.** | 24470 | 411 |
| **Universal Health Realty Income Trust** | 3965 | 158 |
| **Urban Edge Properties** | 39158 | 731 |
| **Ventas, Inc.** | 261939 | 16541 |
| **Veris Residential, Inc.** | 25239 | 376 |
| **VICI Properties, Inc.** | 16535 | 539 |
| **Vornado Realty Trust** | 86443 | 3306 |
| **Welltower, Inc.** | 344353 | 52937 |
| **WP Carey, Inc.** | 93459 | 5830 |
| **Xenia Hotels & Resorts, Inc.** | 30775 | 387 |
| Total Real Estate Investment Trusts (Cost $496,990) |  | 531851 |
|  | OUNCES |  |
| **COMMODITIES 5.5%**  |  |  |
| Gold Warehouse Receipts | 30055 | 98668 |
| Total Commodities (Cost $82,249) |  | 98668 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 10.7%**  |  |  |
| **MUTUAL FUNDS 0.0%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 4.380% (h) | 547199 | 547 |

---

------

<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (i) 9.8%** |  | 176843 |
| **U.S. TREASURY BILLS 0.9%**  |  |  |
| 4.331% due 07/03/2025 - 10/21/2025 (d)(e)(n) | $16282 | 16142 |
| Total Short-Term Instruments (Cost $193,524) |  | 193532 |
| Total Investments in Securities (Cost $3,355,743) |  | 3393955 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 0.2%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.2%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.2%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 279285 | 2719 |
| Total Short-Term Instruments (Cost $2,719) |  | 2719 |
| Total Investments in Affiliates (Cost $2,719) |  | 2719 |
| Total Investments 188.8% (Cost $3,358,462) |  | $3396674 |
| **Financial Derivative Instruments (k)(m) (1.7)**%(Cost or Premiums, net $(2058)) |  | (30761) |
| Other Assets and Liabilities, net (87.1)% |  | (1566736) |
| Net Assets 100.0% |  | $1799177 |

---

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<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* 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)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(d)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(g)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(h)** | **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** |
| **(i)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Lending<br>Rate | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 4.440%  | 07/01/2025 | 11700 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | (11953) | 11700 | 11700 | $11701 |
|  | 4.440  | 07/02/2025 | 79400 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | (81106) | 79400 | 79400 | 79400 |
|  | 4.450  | 07/01/2025 | 78200 | &nbsp;&nbsp; U.S. Treasury Notes 4.375% due 11/30/2028 | &nbsp;&nbsp; U.S. Treasury Notes 4.375% due 11/30/2028 | &nbsp;&nbsp; U.S. Treasury Notes 4.375% due 11/30/2028 | &nbsp;&nbsp; U.S. Treasury Notes 4.375% due 11/30/2028 | (79936) | 78200 | 78200 | 78210 |
|  | 4.470  | 07/02/2025 | 100 | &nbsp;&nbsp; U.S. Treasury Bonds 4.500% due 02/15/2044 | &nbsp;&nbsp; U.S. Treasury Bonds 4.500% due 02/15/2044 | &nbsp;&nbsp; U.S. Treasury Bonds 4.500% due 02/15/2044 | &nbsp;&nbsp; U.S. Treasury Bonds 4.500% due 02/15/2044 | (102) | 100 | 100 | 100 |
| BPS | 4.430  | 07/01/2025 | 100 | &nbsp;&nbsp; U.S. Treasury Notes 1.625% due 05/15/2031 | &nbsp;&nbsp; U.S. Treasury Notes 1.625% due 05/15/2031 | &nbsp;&nbsp; U.S. Treasury Notes 1.625% due 05/15/2031 | &nbsp;&nbsp; U.S. Treasury Notes 1.625% due 05/15/2031 | (102) | 100 | 100 | 100 |
| TOR | 2.700  | 07/11/2025 | 10000 | &nbsp;&nbsp; Province of Quebec 4.250% due 12/01/2043 | &nbsp;&nbsp; Province of Quebec 4.250% due 12/01/2043 | &nbsp;&nbsp; Province of Quebec 4.250% due 12/01/2043 | &nbsp;&nbsp; Province of Quebec 4.250% due 12/01/2043 | (7579) | 7343 | 7343 | 7345 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  | **(180778)** | **176843** | **176843** | $**176856** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BOS | BOS | BOS | 4.200%  | 4.200%  | 06/24/2025 | 07/02/2025 | 07/02/2025 | (10034) | (10034) | (10042) | (10042) |
| CIB | CIB | CIB | 4.440  | 4.440  | 06/06/2025 | 07/18/2025 | 07/18/2025 | (429720) | (429720) | (431045) | (431045) |
| STR | STR | STR | 4.480  | 4.480  | 07/01/2025 | 07/02/2025 | 07/02/2025 | (897498) | (897498) | (897498) | (897498) |
|  |  |  | 4.490  | 4.490  | 06/30/2025 | 07/01/2025 | 07/01/2025 | (895023) | (895023) | (895135) | (895135) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  | **(2233720)** | **(2233720)** |
| **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 | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Sale-Buyback<br>Transactions<sup>(3)</sup> | Payable for<br>Sale-Buyback<br>Transactions<sup>(3)</sup> |
| TDM | TDM | TDM | 4.440%  | 4.440%  | 06/16/2025 | 07/14/2025 | 07/14/2025 | (70904) | (70904) | (71035) | (71035) |
| **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** |  |  |  |  |  |  |  | **(71035)** | **(71035)** |
| **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 | Principal<br>Amount | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (2.0)% | U.S. Government Agencies (2.0)% | U.S. Government Agencies (2.0)% | U.S. Government Agencies (2.0)% | U.S. Government Agencies (2.0)% | U.S. Government Agencies (2.0)% | U.S. Government Agencies (2.0)% | U.S. Government Agencies (2.0)% | U.S. Government Agencies (2.0)% | U.S. Government Agencies (2.0)% | U.S. Government Agencies (2.0)% | U.S. Government Agencies (2.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | 07/01/2055 | $ | $ | (36244) | (36244) | $(36916) |
| **Total Short Sales (2.0)%** | **Total Short Sales (2.0)%** | **Total Short Sales (2.0)%** | **Total Short Sales (2.0)%** | **Total Short Sales (2.0)%** | **Total Short Sales (2.0)%** |  |  | **$** | **(36244)** | **(36244)** | $**(36916)** |
| **(j)** | **Securities with an aggregate market value of $1,426,601 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,426,601 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,426,601 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,426,601 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,426,601 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,426,601 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,426,601 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,426,601 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,426,601 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,426,601 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,426,601 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** |

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<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <sup>(</sup><sup>1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended June 30, 2025 was $(1366281) at a weighted average interest rate of 4.401%. 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 June 30, 2025 was $(1366281) at a weighted average interest rate of 4.401%. 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 June 30, 2025 was $(1366281) at a weighted average interest rate of 4.401%. 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 June 30, 2025 was $(1366281) at a weighted average interest rate of 4.401%. 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 June 30, 2025 was $(1366281) at a weighted average interest rate of 4.401%. 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 June 30, 2025 was $(1366281) at a weighted average interest rate of 4.401%. 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 June 30, 2025 was $(1366281) at a weighted average interest rate of 4.401%. 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 June 30, 2025 was $(1366281) at a weighted average interest rate of 4.401%. 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 $(114) of deferred price drop. | Payable for sale-buyback transactions includes $(114) of deferred price drop. | Payable for sale-buyback transactions includes $(114) of deferred price drop. | Payable for sale-buyback transactions includes $(114) of deferred price drop. | Payable for sale-buyback transactions includes $(114) of deferred price drop. | Payable for sale-buyback transactions includes $(114) of deferred price drop. | Payable for sale-buyback transactions includes $(114) of deferred price drop. | Payable for sale-buyback transactions includes $(114) of deferred price drop. |
| **(k)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** |
| Description | Description | Description | Strike<br>Price | Expiration<br>Date | Notional Amount | Premiums<br>(Received) |  | Market<br>Value |
| Put - NYMEX Natural Gas August 2025 Futures  | Put - NYMEX Natural Gas August 2025 Futures  | Put - NYMEX Natural Gas August 2025 Futures  | $3.500 | 07/28/2025 | 10 | (1) | $ | (3) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(1)** | **$** | **(3)** |
| **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** |
|  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| 3-Month EURIBOR September Futures  | 3-Month EURIBOR September Futures  | 09/2026 | 1650 | 476988 | 1068 | $73 | 73 | $(219) |
| Australia Government 10-Year Bond September Futures  | Australia Government 10-Year Bond September Futures  | 09/2025 | 426 | 32136 | 260 | 0 | 0 | (148) |
| Brent Crude December Futures  | Brent Crude December Futures  | 10/2025 | 59 | 3830 | (27) | 0 | 0 | (4) |
| Brent Crude September Futures  | Brent Crude September Futures  | 07/2025 | 33 | 2202 | (5) | 0 | 0 | (2) |
| California Carbon Allowance December Futures  | California Carbon Allowance December Futures  | 12/2025 | 604 | 17148 | (2716) | 187 | 187 | 0 |
| California Carbon Allowance Vintage December Futures  | California Carbon Allowance Vintage December Futures  | 12/2026 | 1943 | 58581 | (2629) | 544 | 544 | 0 |
| Copper August Futures  | Copper August Futures  | 08/2025 | 69 | 17089 | 181 | 182 | 182 | (1) |
| Copper July Futures  | Copper July Futures  | 07/2025 | 135 | 33565 | 1593 | 542 | 542 | 0 |
| Euro-Bobl September Futures  | Euro-Bobl September Futures  | 09/2025 | 126 | 17466 | (80) | 12 | 12 | (81) |
| Euro-BTP September Futures  | Euro-BTP September Futures  | 09/2025 | 409 | 58296 | 187 | 92 | 92 | (111) |
| Euro-Buxl 30-Year Bond September Futures  | Euro-Buxl 30-Year Bond September Futures  | 09/2025 | 47 | 6574 | (57) | 0 | 0 | (24) |
| European Climate Exchange December Futures  | European Climate Exchange December Futures  | 12/2025 | 47 | 3818 | 78 | 31 | 31 | (110) |
| Hard Red Winter Wheat December Futures  | Hard Red Winter Wheat December Futures  | 12/2025 | 38 | 1045 | (174) | 0 | 0 | (13) |
| Hard Red Winter Wheat September Futures  | Hard Red Winter Wheat September Futures  | 09/2025 | 685 | 18041 | (825) | 0 | 0 | (240) |
| Iron Ore September Futures  | Iron Ore September Futures  | 09/2025 | 697 | 6534 | (121) | 0 | 0 | (13) |
| Japan Government 10-Year Bond September Futures  | Japan Government 10-Year Bond September Futures  | 09/2025 | 1 | 965 | 3 | 0 | 0 | (1) |
| Natural Gas August Futures  | Natural Gas August Futures  | 07/2025 | 8 | 276 | (33) | 0 | 0 | (23) |
| Silver September Futures  | Silver September Futures  | 09/2025 | 46 | 8320 | 97 | 0 | 0 | (45) |
| U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | 09/2025 | 1000 | 112125 | 829 | 312 | 312 | 0 |
| U.S. Treasury Long-Term Bond September Futures  | U.S. Treasury Long-Term Bond September Futures  | 09/2025 | 213 | 24595 | 697 | 213 | 213 | 0 |
| U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | 09/2025 | 85 | 10126 | 298 | 114 | 114 | 0 |
| WTI Crude December Futures  | WTI Crude December Futures  | 11/2025 | 92 | 5672 | (740) | 0 | 0 | (8) |
| WTI Crude September Futures  | WTI Crude September Futures  | 08/2025 | 34 | 2171 | (101) | 0 | 0 | (6) |
|  |  |  |  |  | $ | 2302 | $ | (1049) |
| **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 | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| 3-Month EURIBOR September Futures  | 3-Month EURIBOR September Futures  | 09/2025 | 1650 | (476721) | (810) | $121 | 121 | $(24) |
| Copper August Futures  | Copper August Futures  | 08/2025 | 22 | (2781) | (45) | 22 | 22 | 0 |
| Copper July Futures  | Copper July Futures  | 07/2025 | 100 | (24863) | (1121) | 0 | 0 | 0 |
| Copper September Futures  | Copper September Futures  | 09/2025 | 206 | (26175) | (943) | 209 | 209 | 0 |
| Euro-Bund September Futures  | Euro-Bund September Futures  | 09/2025 | 476 | (72976) | (8) | 4 | 4 | (69) |
| Euro-Oat September Futures  | Euro-Oat September Futures  | 09/2025 | 555 | (80962) | 608 | 177 | 177 | (39) |
| Euro-Schatz September Futures  | Euro-Schatz September Futures  | 09/2025 | 142 | (17940) | 28 | 16 | 16 | (5) |
| Gas Oil December Futures  | Gas Oil December Futures  | 12/2025 | 79 | (4975) | 56 | 4 | 4 | 0 |
| Gas Oil September Futures  | Gas Oil September Futures  | 09/2025 | 45 | (2939) | 32 | 0 | 0 | (5) |
| Gold 100 oz. August Futures  | Gold 100 oz. August Futures  | 08/2025 | 332 | (109816) | 2240 | 0 | 0 | (667) |
| U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | 09/2025 | 978 | (203447) | (522) | 0 | 0 | (44) |
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 09/2025 | 1062 | (115758) | (1219) | 0 | 0 | (141) |
| U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | 09/2025 | 618 | (70616) | (1153) | 0 | 0 | (300) |
| Wheat December Futures  | Wheat December Futures  | 12/2025 | 39 | (1092) | 134 | 6 | 6 | 0 |
| Wheat September Futures  | Wheat September Futures  | 09/2025 | 679 | (18274) | 580 | 85 | 85 | 0 |
| WTI Crude December Futures  | WTI Crude December Futures  | 11/2025 | 92 | (5672) | 620 | 8 | 8 | 0 |
| WTI Crude September Futures  | WTI Crude September Futures  | 08/2025 | 34 | (2171) | 25 | 7 | 7 | 0 |
|  |  |  |  |  | $ | 659 | $ | (1294) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **$** | **2961** | **$** | **(2343)** |

---

------

<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **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>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Asset | Liability |
| Pay | Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500% | Annual | Annual | 03/19/2030 | 81200 | (1471) | 461 | (1010) | $0 | 0 | $(5) |
| Receive | Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.550 | Annual | Annual | 09/14/2028 | 2480000 | (65) | 186 | 121 | 10 | 10 | 0 |
| Receive | Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.500 | Annual | Annual | 12/15/2031 | 2165000 | 275 | 181 | 456 | 23 | 23 | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | Annual | 03/22/2026 | 1670 | 0 | (4) | (4) | 0 | 0 | 0 |
| Receive<sup>(2)</sup> | Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | Annual | 02/15/2035 | 10770 | (41) | (175) | (216) | 0 | 0 | (42) |
| Receive<sup>(2)</sup> | Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.100 | Annual | Annual | 11/15/2052 | 59840 | (431) | (1247) | (1678) | 0 | 0 | (476) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.865 | Annual | Annual | 02/13/2054 | 34900 | 4216 | 2354 | 6570 | 0 | 0 | (240) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | Annual | 06/20/2054 | 14600 | 389 | 706 | 1095 | 0 | 0 | (115) |
| Receive<sup>(2)</sup> | Receive<sup>(2)</sup> | 3-Month EUR-EURIBOR | 3-Month EUR-EURIBOR | 1.830 | Annual | Annual | 09/17/2027 | 28800 | 0 | 106 | 106 | 10 | 10 | 0 |
| Receive<sup>(2)</sup> | Receive<sup>(2)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.120 | Annual | Annual | 09/03/2027 | 26100 | 0 | (76) | (76) | 10 | 10 | 0 |
| Pay<sup>(2)</sup> | Pay<sup>(2)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.250 | Annual | Annual | 09/17/2035 | 192100 | (6142) | (1210) | (7352) | 0 | 0 | (389) |
| Receive<sup>(2)</sup> | Receive<sup>(2)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.250 | Annual | Annual | 09/17/2055 | 65500 | 2732 | 5288 | 8020 | 249 | 249 | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.000 | Maturity | Maturity | 02/15/2027 | 8400 | (1) | (30) | (31) | 0 | 0 | (1) |
| Receive | Receive | CPTFEMU | CPTFEMU | 1.636 | Maturity | Maturity | 06/15/2027 | 25200 | 0 | 53 | 53 | 5 | 5 | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.359 | Maturity | Maturity | 08/15/2030 | 3900 | 106 | (63) | 43 | 6 | 6 | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.049 | Maturity | Maturity | 08/15/2034 | 3240 | 0 | (28) | (28) | 4 | 4 | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.034 | Maturity | Maturity | 09/15/2034 | 13100 | (53) | (33) | (86) | 17 | 17 | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.580 | Maturity | Maturity | 03/15/2052 | 500 | (33) | 50 | 17 | 0 | 0 | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.590 | Maturity | Maturity | 03/15/2052 | 1900 | (119) | 191 | 72 | 1 | 1 | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.550 | Maturity | Maturity | 04/15/2052 | 1500 | (95) | 146 | 51 | 0 | 0 | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.700 | Maturity | Maturity | 04/15/2053 | 4600 | 246 | 460 | 706 | 0 | 0 | (2) |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.763 | Maturity | Maturity | 09/15/2053 | 3300 | 247 | 339 | 586 | 0 | 0 | (1) |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.682 | Maturity | Maturity | 10/15/2053 | 1500 | 73 | 150 | 223 | 0 | 0 | (1) |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.736 | Maturity | Maturity | 10/15/2053 | 2400 | 161 | 242 | 403 | 0 | 0 | (2) |
| Pay | Pay | CPURNSA | CPURNSA | 2.380 | Maturity | Maturity | 10/15/2025 | 2100 | 0 | (10) | (10) | 0 | 0 | (1) |
| Pay | Pay | CPURNSA | CPURNSA | 2.700 | Maturity | Maturity | 01/14/2026 | 7000 | 0 | (30) | (30) | 0 | 0 | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.702 | Maturity | Maturity | 01/14/2026 | 8600 | 0 | (36) | (36) | 0 | 0 | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.418 | Maturity | Maturity | 03/05/2026 | 4400 | 414 | 110 | 524 | 0 | 0 | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.813 | Maturity | Maturity | 05/14/2026 | 3300 | 231 | 80 | 311 | 2 | 2 | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.703 | Maturity | Maturity | 05/25/2026 | 2240 | 167 | 55 | 222 | 1 | 1 | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.690 | Maturity | Maturity | 06/01/2026 | 4100 | 304 | 101 | 405 | 0 | 0 | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.573 | Maturity | Maturity | 08/26/2028 | 4900 | 278 | 110 | 388 | 1 | 1 | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.645 | Maturity | Maturity | 09/10/2028 | 3100 | 152 | 68 | 220 | 0 | 0 | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.006 | Maturity | Maturity | 11/30/2030 | 8200 | (1072) | (204) | (1276) | 0 | 0 | (3) |
| Pay | Pay | UKRPI | UKRPI | 3.500 | Maturity | Maturity | 08/15/2034 | 10100 | 57 | 200 | 257 | 67 | 67 | 0 |
| Pay | Pay | UKRPI | UKRPI | 3.466 | Maturity | Maturity | 09/15/2034 | 4200 | 0 | 85 | 85 | 24 | 24 | 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** | **$** | **$** | **8576** | **$** | **430** | **$** | **(1278)** |
| **(l)** | **Securities with an aggregate market value of $18,071 and cash of $21,217 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $18,071 and cash of $21,217 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $18,071 and cash of $21,217 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $18,071 and cash of $21,217 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $18,071 and cash of $21,217 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $18,071 and cash of $21,217 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $18,071 and cash of $21,217 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $18,071 and cash of $21,217 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $18,071 and cash of $21,217 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $18,071 and cash of $21,217 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $18,071 and cash of $21,217 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $18,071 and cash of $21,217 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $18,071 and cash of $21,217 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $18,071 and cash of $21,217 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** |
| <sup>(1)</sup> | Unsettled variation margin asset of $805 and liability of $(212) for closed futures is outstanding at period end. | Unsettled variation margin asset of $805 and liability of $(212) for closed futures is outstanding at period end. | Unsettled variation margin asset of $805 and liability of $(212) for closed futures is outstanding at period end. | Unsettled variation margin asset of $805 and liability of $(212) for closed futures is outstanding at period end. | Unsettled variation margin asset of $805 and liability of $(212) for closed futures is outstanding at period end. | Unsettled variation margin asset of $805 and liability of $(212) for closed futures is outstanding at period end. | Unsettled variation margin asset of $805 and liability of $(212) for closed futures is outstanding at period end. | Unsettled variation margin asset of $805 and liability of $(212) for closed futures is outstanding at period end. | Unsettled variation margin asset of $805 and liability of $(212) for closed futures is outstanding at period end. | Unsettled variation margin asset of $805 and liability of $(212) for closed futures is outstanding at period end. | Unsettled variation margin asset of $805 and liability of $(212) for closed futures is outstanding at period end. | Unsettled variation margin asset of $805 and liability of $(212) for closed futures is outstanding at period end. | Unsettled variation margin asset of $805 and liability of $(212) for closed futures is outstanding at period end. | Unsettled variation margin asset of $805 and liability of $(212) for closed futures is outstanding at period end. |
| <sup>(2)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(m)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **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> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 07/2025  | 07/2025  | 07/2025  | CNH | 9604 | 9604 | 1333 | 1333 | 0 | 0 | (10) | (10) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | EUR | 696 | 696 | 815 | 815 | 0 | 0 | (5) | (5) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | $ | $9919 | 9919 | 15270 | 15270 | 131 | 131 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 1022 | 1022 | 1698 | 1698 | 13 | 13 | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | AUD | 15270 | 15270 | 9925 | 9925 | 0 | 0 | (131) | (131) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | CNH | 29692 | 29692 | 4145 | 4145 | 0 | 0 | (19) | (19) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | NZD | 1698 | 1698 | 1023 | 1023 | 0 | 0 | (13) | (13) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | $ | $817 | 817 | 696 | 696 | 5 | 5 | 0 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | 07/2025  | 1326 | $864 | 0 | (9) |
|  | 07/2025  | 61792 | 70271 | 0 | (2517) |
|  | 07/2025  | 1881729 | 1380 | 0 | (11) |
|  | 07/2025  | 1100 | 303 | 0 | (8) |
|  | 07/2025  | $837 | 736 | 30 | 0 |
|  | 07/2025  | 1219 | 19884080 | 7 | 0 |
|  | 07/2025  | 487 | 624 | 3 | 0 |
|  | 08/2025  | 623 | $487 | 0 | (4) |
|  | 08/2025  | 497 | 15 | 0 | (2) |
|  | 08/2025  | $1905 | 13620 | 5 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 07/2025  | 6402 | $1172 | 0 | (6) |
|  | 07/2025  | 106 | 120 | 0 | (5) |
|  | 07/2025  | 2825 | 279 | 0 | (1) |
|  | 07/2025  | 4605 | 480 | 0 | (7) |
|  | 07/2025  | 1545 | 47 | 0 | (1) |
|  | 07/2025  | 97452 | 2999 | 0 | (356) |
|  | 07/2025  | $1150 | 6402 | 28 | 0 |
|  | 07/2025  | 1520 | 1314 | 28 | 0 |
|  | 07/2025  | 2627 | 42855673 | 16 | 0 |
|  | 07/2025  | 465 | 15401 | 9 | 0 |
|  | 07/2025  | 651 | 19360 | 16 | 0 |
|  | 08/2025  | 17785 | $2490 | 0 | (4) |
|  | 08/2025  | 452 | 3 | 0 | 0 |
|  | 08/2025  | 120497 | 3738 | 0 | (451) |
|  | 08/2025  | $1715 | 12231 | 0 | 0 |
|  | 08/2025  | 1355 | 117823 | 16 | 0 |
|  | 08/2025  | 8894 | 263772 | 276 | 0 |
|  | 10/2025  | 66900 | $11163 | 0 | (870) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 07/2025  | 3834 | 5217 | 0 | (46) |
|  | 07/2025  | 10306 | 2960 | 0 | (100) |
|  | 07/2025  | 188923 | 138 | 0 | (1) |
|  | 07/2025  | 332 | 33 | 0 | 0 |
|  | 07/2025  | 1459 | 36 | 0 | 0 |
|  | 07/2025  | $1468 | 4956 | 3 | 0 |
|  | 07/2025  | 22 | 29668 | 0 | 0 |
|  | 07/2025  | 297 | 1114 | 12 | 0 |
|  | 07/2025  | 38 | 1526 | 1 | 0 |
|  | 07/2025  | 1748 | 31602 | 34 | 0 |
|  | 08/2025  | 5218 | 3834 | 46 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 07/2025  | 57181 | $10376 | 0 | (149) |
|  | 07/2025  | 33818 | 5150 | 0 | (189) |
|  | 07/2025  | $10478 | 57181 | 46 | 0 |
|  | 07/2025  | 308 | 1099 | 2 | 0 |
|  | 08/2025  | 10376 | 57617 | 147 | 0 |
|  | 09/2025  | 1102 | $308 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 07/2025  | 23131 | 4239 | 0 | (19) |
|  | 07/2025  | 11376380 | 8300 | 0 | (115) |
|  | 07/2025  | 1450 | 153 | 0 | (1) |
|  | 07/2025  | 80832 | 2431 | 0 | (58) |
|  | 07/2025  | 168834 | 5189 | 0 | (623) |
|  | 07/2025  | $3985 | 23131 | 272 | 0 |
|  | 07/2025  | 133 | 116 | 4 | 0 |
|  | 07/2025  | 1596 | 25986919 | 7 | 0 |
|  | 07/2025  | 1316 | 39015 | 27 | 0 |
|  | 08/2025  | 12526 | $1729 | 0 | (27) |
|  | 08/2025  | 186400 | 5720 | 0 | (760) |
|  | 08/2025  | $1640 | 11787 | 13 | 0 |
|  | 08/2025  | 10150 | 874852 | 39 | (4) |
|  | 08/2025  | 1908 | 62010 | 248 | 0 |
|  | 09/2025  | 4953 | $258 | 0 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 07/2025  | 5005 | 1444 | 0 | (42) |
|  | 07/2025  | 204543 | 150 | 0 | (1) |
|  | 07/2025  | 64 | 50 | 0 | (1) |
|  | 07/2025  | $3997 | 25452 | 22 | 0 |
|  | 07/2025  | 70160 | 60477 | 1080 | 0 |
|  | 07/2025  | 142 | 2308699 | 1 | 0 |
|  | 07/2025  | 280 | 8340 | 7 | 0 |
|  | 08/2025  | 25390 | $3997 | 0 | (22) |
|  | 08/2025  | 60345 | 70160 | 0 | (1079) |
|  | 08/2025  | 47514 | 1492 | 0 | (160) |
|  | 08/2025  | $3714 | 26613 | 18 | 0 |
|  | 08/2025  | 4705 | 405973 | 22 | 0 |
|  | 08/2025  | 1415 | 46115 | 188 | 0 |
|  | 09/2025  | 65 | $3 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 07/2025  | 13944 | 8996 | 0 | (181) |
|  | 07/2025  | 64312 | 11785 | 0 | (52) |
|  | 07/2025  | 3839 | 4662 | 0 | (176) |
|  | 07/2025  | 4886 | 680 | 0 | (3) |
|  | 07/2025  | 3742509 | 26088 | 99 | 0 |
|  | 07/2025  | 162 | 126 | 0 | (1) |
|  | 07/2025  | $11284 | 64312 | 554 | 0 |
|  | 07/2025  | 5046 | 4040 | 45 | 0 |
|  | 07/2025  | 5436 | 34593 | 26 | 0 |
|  | 07/2025  | 14683 | 2137309 | 159 | 0 |
|  | 07/2025  | 1133 | 4178 | 26 | 0 |
|  | 07/2025  | 392 | 500 | 1 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 08/2025  | 4023 | $5046 | 0 | (45) |
|  | 08/2025  | 18772 | 2623 | 0 | (9) |
|  | 08/2025  | 34509 | 5436 | 0 | (26) |
|  | 08/2025  | 2129449 | 14683 | 0 | (159) |
|  | 08/2025  | 575 | 452 | 0 | (1) |
|  | 08/2025  | $2248 | 194437 | 15 | 0 |
|  | 09/2025  | 5802 | $1035 | 0 | (17) |
|  | 09/2025  | $2777 | 54073 | 81 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 07/2025  | 137948 | $23527 | 0 | (1863) |
|  | 07/2025  | 16984 | 522 | 0 | (63) |
|  | 07/2025  | $25219 | 137948 | 171 | 0 |
|  | 07/2025  | 378 | 6164203 | 2 | 0 |
|  | 07/2025  | 152 | 194 | 0 | 0 |
|  | 07/2025  | 16 | 535 | 2 | 0 |
|  | 08/2025  | 8686 | $1211 | 0 | (7) |
|  | 08/2025  | 193 | 152 | 0 | 0 |
|  | 08/2025  | $125 | 4114 | 18 | 0 |
|  | 09/2025  | 6519 | 36709 | 134 | 0 |
|  | 10/2025  | 121200 | $19899 | 0 | (1900) |
|  | 04/2026  | 36100 | 6126 | 0 | (84) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 07/2025  | 65396 | 11984 | 0 | (53) |
|  | 07/2025  | 10010 | 7350 | 0 | (4) |
|  | 07/2025  | 206 | 251 | 0 | (8) |
|  | 07/2025  | 9256 | 1283 | 0 | (12) |
|  | 07/2025  | 26206 | 3969 | 0 | (169) |
|  | 07/2025  | 1007920 | 737 | 0 | (9) |
|  | 07/2025  | 1698 | 1013 | 0 | (22) |
|  | 07/2025  | 4301 | 3348 | 0 | (34) |
|  | 07/2025  | 98638 | 3033 | 0 | (363) |
|  | 07/2025  | $11737 | 65396 | 300 | 0 |
|  | 07/2025  | 5166 | 3834 | 98 | 0 |
|  | 07/2025  | 5227 | 19509 | 184 | 0 |
|  | 07/2025  | 319 | 409 | 2 | 0 |
|  | 07/2025  | 501 | 8961 | 4 | 0 |
|  | 08/2025  | 27817 | $3880 | 0 | (21) |
|  | 08/2025  | 408 | 319 | 0 | (2) |
|  | 08/2025  | 96761 | 2969 | 0 | (395) |
|  | 08/2025  | $1516 | 131409 | 14 | 0 |
|  | 04/2026  | 57300 | $9668 | 0 | (189) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 07/2025  | 22258 | 16205 | 0 | (140) |
|  | 07/2025  | 4438 | 616 | 0 | (5) |
|  | 07/2025  | 157 | 184 | 0 | (1) |
|  | 07/2025  | 170940 | 1190 | 3 | 0 |
|  | 07/2025  | 10333 | 8054 | 0 | (72) |
|  | 07/2025  | 40576 | 1226 | 0 | (24) |
|  | 07/2025  | 47713 | 1464 | 0 | (179) |
|  | 07/2025  | $15881 | 21830 | 150 | 0 |
|  | 07/2025  | 123 | 107 | 3 | 0 |
|  | 07/2025  | 399 | 6477675 | 1 | 0 |
|  | 07/2025  | 2286 | 8560 | 88 | 0 |
|  | 07/2025  | 8420 | 10889 | 144 | 0 |
|  | 07/2025  | 47 | 1408 | 1 | 0 |
|  | 08/2025  | 21794 | $15881 | 0 | (150) |
|  | 08/2025  | 4450 | 616 | 0 | (8) |
|  | 08/2025  | 2401 | 17 | 0 | 0 |
|  | 08/2025  | 10864 | 8420 | 0 | (146) |
|  | 08/2025  | 123683 | 3811 | 0 | (489) |
|  | 08/2025  | $108 | 149 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 07/2025  | 84542 | $585 | 0 | (2) |
|  | 07/2025  | $319 | 436 | 1 | 0 |
|  | 07/2025  | 4931 | 718730 | 60 | 0 |
|  | 07/2025  | 565 | 5697 | 0 | 0 |
|  | 07/2025  | 6 | 22 | 0 | 0 |
|  | 08/2025  | 19133 | $2673 | 0 | (10) |
|  | 08/2025  | 716088 | 4931 | 0 | (60) |
|  | 08/2025  | 5696 | 565 | 0 | 0 |
|  | 10/2025  | 2700 | 441 | 0 | (45) |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 07/2025  | 76 | 22 | 0 | (1) |
|  | 07/2025  | 4736 | 163 | 0 | 0 |
|  | 07/2025  | $1759 | 28667761 | 8 | 0 |
|  | 07/2025  | 55 | 8007 | 0 | 0 |
|  | 07/2025  | 1681 | 2169 | 24 | 0 |
|  | 07/2025  | 544 | 16167 | 13 | 0 |
|  | 08/2025  | 63728 | $8882 | 0 | (55) |
|  | 08/2025  | 7977 | 55 | 0 | 0 |
|  | 08/2025  | 2164 | 1681 | 0 | (25) |
|  | 08/2025  | 26693 | 818 | 0 | (110) |
|  | 08/2025  | $1512 | 10839 | 8 | 0 |
|  | 08/2025  | 1587 | 136215 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 07/2025  | 8218 | 1186245 | 20 | 0 |
|  | 07/2025  | 59 | 593 | 0 | 0 |
|  | 08/2025  | 1181892 | $8218 | 0 | (20) |
|  | 08/2025  | 593 | 59 | 0 | 0 |
|  | 08/2025  | $9 | 785 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | 07/2025  | 757 | $211 | 0 | (14) |
|  | 07/2025  | 55163 | 381 | 0 | (2) |

---

------

<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | 07/2025  | 07/2025  | 07/2025  | KRW | KRW | 174688 | 174688 | 174688 |  |  | 129 | 129 | 129 | 129 |  | 0 | 0 | 0 |  |  | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | NOK | NOK | 3133 | 3133 | 3133 |  |  | 309 | 309 | 309 | 309 |  | 0 | 0 | 0 |  |  | (2) | (2) | (2) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | THB | THB | 6443 | 6443 | 6443 |  |  | 194 | 194 | 194 | 194 |  | 0 | 0 | 0 |  |  | (5) | (5) | (5) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | $ | $ | 129 | 129 | 129 | KRW | KRW | 174773 | 174773 | 174773 | 174773 |  | 0 | 0 | 0 |  |  | 0 | 0 | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**5282** | **5282** | **5282** | **5282** | **$** | $**(15267)** | **(15267)** | **(15267)** | **(15267)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Description | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value | Market<br>Value |
| BRC | BRC | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | Receive | 2.440% | 2.440% | 2.440% | 2.440% | 01/25/2027 | 01/25/2027 | 7500 | 7500 | 7500 | (67) | (67) | (67) | $ | $(74) | (74) | (74) |
|  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | Pay | 2.440 | 2.440 | 2.440 | 2.440 | 01/25/2027 | 01/25/2027 | 7500 | 7500 | 7500 | (67) | (67) | (67) |  | (46) | (46) | (46) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | Receive | 2.740 | 2.740 | 2.740 | 2.740 | 09/08/2025 | 09/08/2025 | 8700 | 8700 | 8700 | (201) | (201) | (201) |  | (170) | (170) | (170) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | Pay | 2.740 | 2.740 | 2.740 | 2.740 | 09/08/2025 | 09/08/2025 | 8700 | 8700 | 8700 | (201) | (201) | (201) |  | (58) | (58) | (58) |
| GLM | GLM | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | Receive | 2.465 | 2.465 | 2.465 | 2.465 | 12/04/2025 | 12/04/2025 | 35300 | 35300 | 35300 | (426) | (426) | (426) |  | (383) | (383) | (383) |
|  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | Pay | 2.465 | 2.465 | 2.465 | 2.465 | 12/04/2025 | 12/04/2025 | 35300 | 35300 | 35300 | (426) | (426) | (426) |  | (22) | (22) | (22) |
|  |  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | Receive | 2.350 | 2.350 | 2.350 | 2.350 | 01/07/2027 | 01/07/2027 | 22700 | 22700 | 22700 | (206) | (206) | (206) |  | (204) | (204) | (204) |
|  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | Pay | 2.350 | 2.350 | 2.350 | 2.350 | 01/07/2027 | 01/07/2027 | 22700 | 22700 | 22700 | (206) | (206) | (206) |  | (160) | (160) | (160) |
|  |  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | Receive | 2.500 | 2.500 | 2.500 | 2.500 | 01/14/2027 | 01/14/2027 | 42700 | 42700 | 42700 | (391) | (391) | (391) |  | (470) | (470) | (470) |
|  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | Pay | 2.500 | 2.500 | 2.500 | 2.500 | 01/14/2027 | 01/14/2027 | 42700 | 42700 | 42700 | (391) | (391) | (391) |  | (248) | (248) | (248) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **(2582)** | **(2582)** | **(2582)** | **$** | $**(1835)** | **(1835)** | **(1835)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(2)</sup> | Pay/Receive<sup>(2)</sup> | Pay/Receive<sup>(2)</sup> | Underlying<br>Reference | Underlying<br>Reference | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Asset |  | Liability |
| &nbsp;&nbsp; BOA | Receive | Receive | MLPIREIL Index  | MLPIREIL Index  | MLPIREIL Index  | 1035043 | &nbsp;&nbsp; 4.980% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.980% (FEDL01 plus a specified spread) | Monthly | Monthly | Monthly | 06/10/2026 | 06/10/2026 | 06/10/2026 | $97655 | $ | 0 | 0 | 410 | $ | 410 | 410 | 410 | $ | 0 |
|  | Pay | Pay | MLPIREIS Index  | MLPIREIS Index  | MLPIREIS Index  | 984187 | &nbsp;&nbsp; 4.830% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.830% (FEDL01 plus a specified spread) | Monthly | Monthly | Monthly | 06/10/2026 | 06/10/2026 | 06/10/2026 | 89456 |  | 0 | 0 | (871) |  | 0 | 0 | 0 |  | (871) |
| &nbsp;&nbsp; BPS | Receive | Receive | BCOMF1NTC Index  | BCOMF1NTC Index  | BCOMF1NTC Index  | 50337 | &nbsp;&nbsp; 0.120% | &nbsp;&nbsp; 0.120% | Monthly | Monthly | Monthly | 03/16/2026 | 03/16/2026 | 03/16/2026 | 6409 |  | 0 | 0 | 0 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp; CBK | Receive | Receive | DWRTFT Index  | DWRTFT Index  | DWRTFT Index  | 7515 | &nbsp;&nbsp; 4.840% | &nbsp;&nbsp; 4.840% | Monthly | Monthly | Monthly | 07/16/2025 | 07/16/2025 | 07/16/2025 | 101465 |  | 0 | 0 | (393) |  | 0 | 0 | 0 |  | (393) |
|  | Receive | Receive | DWRTFT Index  | DWRTFT Index  | DWRTFT Index  | 13052 | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 4.750% | Monthly | Monthly | Monthly | 08/06/2025 | 08/06/2025 | 08/06/2025 | 176223 |  | 0 | 0 | (669) |  | 0 | 0 | 0 |  | (669) |
|  | Receive | Receive | DWRTFT Index  | DWRTFT Index  | DWRTFT Index  | 11252 | &nbsp;&nbsp; 4.890% | &nbsp;&nbsp; 4.890% | Monthly | Monthly | Monthly | 05/06/2026 | 05/06/2026 | 05/06/2026 | 151920 |  | 0 | 0 | (594) |  | 0 | 0 | 0 |  | (594) |
| &nbsp;&nbsp; CIB | Receive | Receive | PIMCODB Index  | PIMCODB Index  | PIMCODB Index  | 705545 | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 0.000% | Monthly | Monthly | Monthly | 06/15/2026 | 06/15/2026 | 06/15/2026 | 145825 |  | 0 | 0 | (4603) |  | 0 | 0 | 0 |  | (4603) |
| &nbsp;&nbsp; GST | Receive | Receive | BCOMF1NTC Index  | BCOMF1NTC Index  | BCOMF1NTC Index  | 14108 | &nbsp;&nbsp; 4.435% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 4.435% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | Monthly | 04/15/2026 | 04/15/2026 | 04/15/2026 | 5023 |  | 0 | 0 | 2 |  | 2 | 2 | 2 |  | 0 |
|  | Receive | Receive | PIMCODB Index  | PIMCODB Index  | PIMCODB Index  | 1108366 | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 0.000% | Monthly | Monthly | Monthly | 04/15/2026 | 04/15/2026 | 04/15/2026 | 119203 |  | 0 | 0 | (3790) |  | 0 | 0 | 0 |  | (3790) |
| &nbsp;&nbsp; JPM | Receive | Receive | AMZX Index  | AMZX Index  | AMZX Index  | 8895 | &nbsp;&nbsp; 4.710% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.710% (FEDL01 plus a specified spread) | Monthly | Monthly | Monthly | 07/09/2025 | 07/09/2025 | 07/09/2025 | 22350 |  | 0 | 0 | (80) |  | 0 | 0 | 0 |  | (80) |
|  | Receive | Receive | Alerian Midstream Energy Total Return Index  | Alerian Midstream Energy Total Return Index  | Alerian Midstream Energy Total Return Index  | 89657 | &nbsp;&nbsp; 5.050% | &nbsp;&nbsp; 5.050% | Monthly | Monthly | Monthly | 09/03/2025 | 09/03/2025 | 09/03/2025 | 107636 |  | 0 | 0 | (572) |  | 0 | 0 | 0 |  | (572) |
|  | Receive | Receive | DWRTFT Index  | DWRTFT Index  | DWRTFT Index  | 4513 | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 4.800% | Monthly | Monthly | Monthly | 09/03/2025 | 09/03/2025 | 09/03/2025 | 60933 |  | 0 | 0 | (155) |  | 0 | 0 | 0 |  | (155) |
|  | Receive | Receive | AMZX Index  | AMZX Index  | AMZX Index  | 6302 | &nbsp;&nbsp; 4.880% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.880% (FEDL01 plus a specified spread) | Monthly | Monthly | Monthly | 10/15/2025 | 10/15/2025 | 10/15/2025 | 15835 |  | 0 | 0 | (59) |  | 0 | 0 | 0 |  | (59) |
|  | Receive | Receive | AMZX Index  | AMZX Index  | AMZX Index  | 26787 | &nbsp;&nbsp; 4.650% | &nbsp;&nbsp; 4.650% | Monthly | Monthly | Monthly | 11/05/2025 | 11/05/2025 | 11/05/2025 | 67306 |  | 0 | 0 | (242) |  | 0 | 0 | 0 |  | (242) |
|  | Receive | Receive | JMABNIC5 Index  | JMABNIC5 Index  | JMABNIC5 Index  | 731396 | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 0.000% | Monthly | Monthly | Monthly | 07/15/2026 | 07/15/2026 | 07/15/2026 | 135462 |  | 0 | 0 | (4349) |  | 0 | 0 | 0 |  | (4349) |
| &nbsp;&nbsp; MAC | Receive | Receive | PIMCODB Index  | PIMCODB Index  | PIMCODB Index  | 629151 | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 0.000% | Monthly | Monthly | Monthly | 08/17/2026 | 08/17/2026 | 08/17/2026 | 124864 |  | 0 | 0 | (3947) |  | 0 | 0 | 0 |  | (3947) |
| &nbsp;&nbsp; MYI | Receive | Receive | DWRTFT Index  | DWRTFT Index  | DWRTFT Index  | 2827 | &nbsp;&nbsp; 4.850% | &nbsp;&nbsp; 4.850% | Monthly | Monthly | Monthly | 02/04/2026 | 02/04/2026 | 02/04/2026 | 38169 |  | 0 | 0 | (97) |  | 0 | 0 | 0 |  | (97) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 0 | 0 | (20009) | $ | 412 | 412 | 412 | $ | (20421) |
| **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | Pay/Receive<br>Volatility | Pay/Receive<br>Volatility | Pay/Receive<br>Volatility | Reference Entity | Reference Entity | Reference Entity | Volatility<br>Strike | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Asset | Liability |
| &nbsp;&nbsp; JPM | Pay | Pay | Pay | GOLDLNPM Index<sup>(3)</sup>  | GOLDLNPM Index<sup>(3)</sup>  | GOLDLNPM Index<sup>(3)</sup>  |  | Maturity | Maturity | 10/22/2025 | 10/22/2025 | 10/22/2025 | 10/22/2025 | 10/22/2025 | 67785 | $ | 0 | 0 | $708 | 708 | $708 | 708 | 708 | 708 | $0 |

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------

<br> Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total** **Swap Agreements** | **Total** **Swap Agreements** | **Total** **Swap Agreements** | **Total** **Swap Agreements** | **0** | $**(19301)** | **(19301)** | $**1120** | $**(20421)** |
| **(n)** | **Securities with an aggregate market value of $34,746 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $34,746 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $34,746 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $34,746 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $34,746 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $34,746 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $34,746 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $34,746 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** |
| <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. |
| <sup>(2)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| <sup>(3)</sup> | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **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 June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |  |
| **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** |  |
| 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 | $10647 | $324 | 324 | $ | 10971 |  |
| Industrials | Industrials | 0 | 39 | 0 | 0 |  | 39 |  |
| Utilities | Utilities | 0 | 324 | 0 | 0 |  | 324 |  |
| U.S. Government Agencies | U.S. Government Agencies | 0 | 357552 | 0 | 0 |  | 357552 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 1920335 | 0 | 0 |  | 1920335 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 9183 | 0 | 0 |  | 9183 |  |
| 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 | 0 | 12532 | 0 | 0 |  | 12532 |  |
| Home Equity Other | Home Equity Other | 0 | 29195 | 0 | 0 |  | 29195 |  |
| Manufacturing House ABS Other | Manufacturing House ABS Other | 0 | 713 | 0 | 0 |  | 713 |  |
| Whole Loan Collateral | Whole Loan Collateral | 0 | 12468 | 0 | 0 |  | 12468 |  |
| Other ABS | Other ABS | 0 | 117353 | 0 | 0 |  | 117353 |  |
| Sovereign Issues | Sovereign Issues | 0 | 96526 | 0 | 0 |  | 96526 |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |  |
| Consumer Discretionary | Consumer Discretionary | 561 | 0 | 0 | 0 |  | 561 |  |
| Real Estate | Real Estate | 1925 | 0 | 0 | 0 |  | 1925 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |  |
| Banking & Finance | Banking & Finance | 0 | 227 | 0 | 0 |  | 227 |  |
| Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts |  |
| Real Estate | Real Estate | 531851 | 0 | 0 | 0 |  | 531851 |  |
| Commodities | Commodities | 0 | 98668 | 0 | 0 |  | 98668 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 0 |  | 0 |  |
| 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 | 0 | 547 | 0 | 0 |  | 547 |  |
| Repurchase Agreements | Repurchase Agreements | 0 | 176843 | 0 | 0 |  | 176843 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | 0 | 16142 | 0 | 0 |  | 16142 |  |
|  |  | $534337 | $2859294 | $324 | 324 | $ | 3393955 |  |
| **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 |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $2719 | $0 | $0 | 0 | $ | 2719 |  |
| Total Investments | Total Investments | $537056 | $2859294 | $324 | 324 | $ | 3396674 |  |
| **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 | 0 | (36916)  | 0 | 0 |  | (36916)  |  |
| **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 | 2322 | 1069 | 0 | 0 |  | 3391 |  |
| Over the counter | Over the counter | 0 | 6402 | 0 | 0 |  | 6402 |  |
|  |  | $2322 | $7471 | $0 | 0 | $ | 9793 |  |
| **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 | (1861) | (1763) | 0 | 0 |  | (3624) |  |
| Over the counter | Over the counter | 0 | (37523) | 0 | 0 |  | (37523) |  |
|  |  | $(1861) | $(39286) | $0 | 0 | $ | (41147) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | $461 | $(31815) | $0 | 0 | $ | (31354) |  |
| Totals | Totals | $537517 | $2790563 | $324 | 324 | $ | 3328404 |  |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

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<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund June 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 169.3% ¤** |  |  |
| **CORPORATE BONDS & NOTES 6.3%**  |  |  |
| **BANKING & FINANCE 4.7%**  |  |  |
| **American Express Co.** <br>5.284% due 07/26/2035 •  | $400 | $405 |
| **Ares Strategic Income Fund** <br>5.450% due 09/09/2028 | 500 | 500 |
| **Bank of Nova Scotia** <br>5.450% due 08/01/2029 | 800 | 831 |
| **Barclays PLC** <br>6.224% due 05/09/2034 •  | 1000 | 1062 |
| <br>**Credit Suisse AG AT1 Claim** | 400 | 48 |
| **Equinix, Inc.** <br>1.550% due 03/15/2028 | 100 | 93 |
| **Extra Space Storage LP** <br>5.400% due 06/15/2035 | 100 | 100 |
| **Fairfax Financial Holdings Ltd.** <br>2.750% due 03/29/2028 | 150 | 176 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 5.800% due 03/05/2027  | $400 | 403 |
| 7.350% due 11/04/2027  | 200 | 208 |
| **GLP Capital LP** <br>5.625% due 09/15/2034 | 100 | 100 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 1.431% due 03/09/2027 •  | 200 | 196 |
| 3.615% due 03/15/2028 •  | 800 | 789 |
| 6.249% due 03/15/2028 ~  | 400 | 408 |
| **HSBC Holdings PLC** <br>5.887% due 08/14/2027 •  | 200 | 203 |
| **Jackson National Life Global Funding** <br>5.600% due 04/10/2026 | 500 | 504 |
| **JPMorgan Chase & Co.**  |  |  |
| 3.782% due 02/01/2028 •  | 300 | 297 |
| 5.040% due 01/23/2028 •  | 200 | 202 |
| **Mizuho Financial Group, Inc.** <br>5.594% due 07/10/2035 •  | 400 | 412 |
| **Nomura Holdings, Inc.** <br>5.783% due 07/03/2034 | 200 | 207 |
| **Prologis LP** <br>5.000% due 01/31/2035 | 200 | 200 |
| **Royal Bank of Canada** <br>4.969% due 08/02/2030 •  | 400 | 406 |
| **Santander U.K. Group Holdings PLC** <br>6.833% due 11/21/2026 •  | 200 | 202 |
| **Sumitomo Mitsui Financial Group, Inc.**  |  |  |
| 4.660% due 07/08/2031 •(a)  | 300 | 300 |
| 5.558% due 07/09/2034  | 200 | 207 |
| **UBS Group AG** <br>6.246% due 09/22/2029 •  | 200 | 210 |
| **VICI Properties LP** <br>4.750% due 02/15/2028 | 100 | 101 |
| **Wells Fargo & Co.** <br>2.393% due 06/02/2028 •  | 100 | 96 |
|  |  | 8866 |
| **INDUSTRIALS 0.4%**  |  |  |
| **Bayer U.S. Finance LLC** <br>6.500% due 11/21/2033 | 200 | 215 |
| **CVS Pass-Through Trust** <br>6.943% due 01/10/2030 | 47 | 49 |
| **Occidental Petroleum Corp.** <br>5.550% due 10/01/2034 | 500 | 491 |
| **United Airlines Pass-Through Trust** <br>5.450% due 08/15/2038 | 99 | 100 |
|  |  | 855 |
| **UTILITIES 1.2%**  |  |  |
| **Eversource Energy** <br>5.850% due 04/15/2031 | 700 | 737 |

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<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **Pacific** **Gas & Electric Co.**  |  |  |
| 4.500% due 07/01/2040  | 100 | 83 |
| 5.450% due 06/15/2027  | 100 | 101 |
| 6.150% due 03/01/2055  | 100 | 94 |
| 6.700% due 04/01/2053  | 500 | 502 |
| **Southern California Edison Co.**  |  |  |
| 4.650% due 10/01/2043  | 100 | 81 |
| 4.875% due 02/01/2027  | 200 | 201 |
| 5.150% due 06/01/2029  | 400 | 404 |
|  |  | 2203 |
| Total Corporate Bonds & Notes (Cost $11,615) |  | 11924 |
| **MUNICIPAL BONDS & NOTES 0.2%**  |  |  |
| **WASHINGTON 0.2%**  |  |  |
| **Washington State Convention Center Public Facilities District Revenue Bonds, (BABs), Series 2010** <br>6.790% due 07/01/2040 | 335 | 353 |
| Total Municipal Bonds & Notes (Cost $354) |  | 353 |
| **U.S. GOVERNMENT AGENCIES 53.8%**  |  |  |
| **Fannie Mae**  |  |  |
| 4.000% due 04/25/2041 | 399 | 386 |
| 4.202% due 10/01/2029 ~ | 900 | 904 |
| 4.300% due 12/01/2029 | 601 | 606 |
| 4.705% due 09/01/2031 ~ | 1800 | 1834 |
| 4.720% due 10/01/2028 | 500 | 509 |
| 4.770% due 10/01/2028 | 600 | 612 |
| 4.770% due 07/25/2037 - 09/25/2042 •  | 4 | 4 |
| 4.800% due 07/25/2037 •  | 5 | 5 |
| 4.820% due 09/25/2035 •  | 9 | 9 |
| 4.830% due 09/25/2035 •  | 21 | 20 |
| 4.930% due 06/01/2029 | 400 | 410 |
| 5.140% due 06/25/2037 •  | 41 | 41 |
| 5.300% due 11/01/2030 | 800 | 836 |
| **Freddie Mac**  |  |  |
| 2.862% due 07/25/2054 ~ | 600 | 563 |
| 4.798% due 03/15/2037 •  | 25 | 25 |
| 5.118% due 08/15/2037 •  | 63 | 63 |
| 5.128% due 10/15/2037 •  | 9 | 9 |
| 5.138% due 05/15/2037 - 09/15/2037 •  | 68 | 68 |
| 5.245% due 11/25/2054 •  | 755 | 754 |
| **Ginnie Mae**<br>5.000% due 01/20/2055 | 426 | 418 |
| **Ginnie Mae, TBA**  |  |  |
| 4.000% due 07/01/2055 | 3630 | 3376 |
| 4.500% due 07/01/2055 | 2180 | 2087 |
| 5.000% due 07/01/2055 | 2000 | 1965 |
| **U.S. Small Business Administration**<br>4.430% due 05/01/2029 | 4 | 5 |
| **Uniform Mortgage-Backed Security**  |  |  |
| 5.000% due 10/01/2053 | 464 | 456 |
| 6.500% due 07/01/2026 - 08/01/2054 | 2 | 3 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 07/01/2055 | 4800 | 4154 |
| 4.000% due 07/01/2055 - 08/01/2055 | 9980 | 9280 |
| 4.500% due 08/01/2055 | 7290 | 6971 |
| 5.000% due 08/01/2055 | 8200 | 8032 |
| 5.500% due 08/01/2055 | 6310 | 6304 |
| 6.000% due 08/01/2055 | 16430 | 16681 |
| 6.500% due 08/01/2055 | 32910 | 33934 |
| Total U.S. Government Agencies (Cost $100,263) |  | 101324 |
| **U.S. TREASURY OBLIGATIONS 1.8%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.625% due 05/15/2044 (h) | 2700 | 2649 |
| **U.S. Treasury Inflation Protected Securities (d)** |  |  |
| 2.125% due 01/15/2035  | 407 | 413 |
| **U.S. Treasury Notes**  |  |  |
| 0.500% due 10/31/2027 | 300 | 278 |
| 0.625% due 12/31/2027 | 100 | 93 |
| Total U.S. Treasury Obligations (Cost $3,482) |  | 3433 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 19.3%**  |  |  |
| **Ashford Hospitality Trust** <br>5.384% due 04/15/2035 •  | 273 | 272 |
| **Atrium Hotel Portfolio Trust** <br>6.109% due 12/15/2036 •  | 5000 | 4842 |
| **Banc of America Mortgage Trust**  |  |  |
| 6.107% due 07/25/2035 ~  | 14 | 13 |
| **Bear Stearns Adjustable Rate Mortgage Trust**  |  |  |
| 5.925% due 11/25/2034 ~  | 2 | 2 |

---

------

<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Bear** **Stearns ALT-A Trust**  |  |  |
| 4.905% due 09/25/2035 ~  | 47 | 27 |
| 5.326% due 10/25/2035 ~  | 70 | 58 |
| **BX Commercial Mortgage Trust** <br>5.302% due 01/17/2039 •  | 3000 | 2999 |
| **BX Trust** <br>5.061% due 04/15/2039 •  | 741 | 740 |
| **Chase Home Lending Mortgage Trust**  |  |  |
| 3.250% due 09/25/2063 ~  | 617 | 553 |
| 5.555% due 05/25/2055 •  | 401 | 401 |
| **Chase Mortgage Finance Trust**  |  |  |
| 4.745% due 12/25/2035 ~  | 3 | 3 |
| 4.897% due 09/25/2036 ~  | 15 | 12 |
| 6.000% due 12/25/2036  | 23 | 9 |
| **Citigroup Mortgage Loan Trust** <br>6.170% due 09/25/2062 | 1155 | 1155 |
| **Colony Mortgage Capital Ltd.** <br>6.154% due 11/15/2038 •  | 2900 | 2825 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.814% due 09/25/2046 •  | 82 | 80 |
| 4.994% due 02/25/2037 •  | 30 | 25 |
| **Countrywide Home Loan Mortgage Pass-Through Trust**  |  |  |
| 5.138% due 11/25/2034 ~  | 17 | 16 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust** <br>5.094% due 02/25/2036 •  | 220 | 215 |
| **Ellington Financial Mortgage Trust** <br>5.900% due 09/25/2067  | 4177 | 4197 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.723% due 11/25/2035 ~  | 24 | 21 |
| 6.000% due 02/25/2036  | 466 | 177 |
| 6.000% due 07/25/2037  | 113 | 72 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.300% due 06/19/2036 ~  | 113 | 58 |
| 4.772% due 12/19/2036 •  | 9 | 8 |
| 4.912% due 06/19/2035 •  | 58 | 57 |
| 4.912% due 12/19/2036 •  | 202 | 191 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 4.057% due 06/25/2036 ~  | 199 | 175 |
| 4.794% due 02/25/2037 •  | 125 | 115 |
| **JP Morgan Alternative Loan Trust** <br>4.250% due 05/25/2036 ~ | 111 | 62 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>5.409% due 02/15/2035 •  | 847 | 833 |
| **JP Morgan Mortgage Trust**  |  |  |
| 4.428% due 10/25/2036 ~  | 6 | 3 |
| 4.504% due 10/25/2036 ~  | 48 | 35 |
| 4.625% due 07/25/2063 ~  | 879 | 856 |
| 5.250% due 11/25/2063 ~  | 708 | 708 |
| **Lehman Mortgage Trust** <br>6.000% due 09/25/2037 | 56 | 55 |
| **MASTR Adjustable Rate Mortgages Trust** <br>3.191% due 07/25/2035 ~ | 15 | 13 |
| **Merrill Lynch Alternative Note Asset Trust** <br>5.034% due 03/25/2037 •  | 161 | 38 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 5.232% due 09/25/2035 ~  | 42 | 33 |
| 5.879% due 05/25/2033 ~  | 1 | 1 |
| **MFA Trust** <br>5.750% due 11/25/2067 þ | 3677 | 3670 |
| **Mortgage Equity Conversion Asset Trust** <br>10.000% due 05/25/2042 •  | 71 | 59 |
| **New Orleans Hotel Trust** <br>5.348% due 04/15/2032 •  | 2300 | 2284 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust** <br>5.476% due 05/25/2035  | 5 | 2 |
| **OBX Trust** <br>6.120% due 11/25/2062 ~ | 1613 | 1612 |
| **PRKCM Trust** <br>6.584% due 09/25/2058 þ | 804 | 812 |
| **Residential Accredit Loans, Inc. Trust**  |  |  |
| 4.734% due 02/25/2037 •  | 97 | 86 |
| 4.774% due 01/25/2037 •  | 155 | 137 |
| 4.794% due 07/25/2036 •  | 408 | 132 |
| 4.804% due 08/25/2036 •  | 177 | 161 |
| 4.814% due 09/25/2036 •  | 251 | 231 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 5.799% due 01/25/2035 •  | 2 | 2 |
| 6.525% due 02/25/2034 ~  | 1 | 1 |
| **Thornburg Mortgage Securities Trust** <br>5.999% due 06/25/2047 •  | 40 | 36 |
| **Towd Point Mortgage Funding** <br>5.223% due 07/20/2053 •  | 541 | 744 |
| **Towd Point Mortgage Trust**  |  |  |
| 3.750% due 03/25/2058 ~  | $1309 | 1275 |
| 3.750% due 05/25/2058 ~  | 619 | 608 |
| 3.750% due 09/25/2062  | 1013 | 970 |

---

------

<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Trinity** **Square PLC** <br>5.217% due 07/15/2059 ~ | 403 | 554 |
| **Visio Trust** <br>6.598% due 10/25/2058 þ | $1076 | 1085 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.093% due 02/25/2037 ~  | 28 | 24 |
| **Wells Fargo Mortgage-Backed Securities Trust** <br>6.928% due 12/25/2036 ~ | 28 | 28 |
| Total Non-Agency Mortgage-Backed Securities (Cost $35,931) |  | 36468 |
| **ASSET-BACKED SECURITIES 22.6%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 2.5%**  |  |  |
| **Carvana Auto Receivables Trust**  |  |  |
| 5.620% due 01/10/2029  | 300 | 302 |
| 5.710% due 07/10/2028  | 500 | 504 |
| **Citizens Auto Receivables Trust** <br>5.110% due 04/17/2028 | 100 | 101 |
| **First Help Financial Issuer Trust** <br>5.890% due 06/15/2030 | 361 | 365 |
| **Foursight Capital Automobile Receivables Trust** <br>5.990% due 05/15/2028 | 141 | 142 |
| **GLS Auto Select Receivables Trust**  |  |  |
| 5.960% due 10/16/2028  | 600 | 606 |
| 6.270% due 08/16/2027  | 97 | 97 |
| **GM Financial Consumer Automobile Receivables Trust** <br>4.850% due 12/18/2028 | 400 | 402 |
| **Hertz Vehicle Financing LLC** <br>5.440% due 01/25/2029 | 1000 | 1016 |
| **Hyundai Auto Receivables Trust** <br>4.990% due 02/15/2029 | 500 | 505 |
| **Research-Driven Pagaya Motor Asset Trust** <br>5.320% due 09/25/2030 | 147 | 148 |
| **Santander Drive Auto Receivables Trust** <br>5.630% due 01/16/2029 | 500 | 503 |
| **Tricolor Auto Securitization Trust** <br>6.610% due 10/15/2027 | 87 | 88 |
|  |  | 4779 |
| **CMBS OTHER 1.7%**  |  |  |
| **Starwood Commercial Mortgage Trust** <br>5.654% due 11/15/2038 •  | 1675 | 1674 |
| **TPG Real Estate Finance Issuer Ltd.** <br>5.964% due 02/15/2039 •  | 1591 | 1594 |
|  |  | 3268 |
| **CREDIT CARD BULLET 0.7%**  |  |  |
| **Master Credit Card Trust** <br>5.153% due 01/21/2027 •  | 1400 | 1399 |
| **HOME EQUITY OTHER 3.0%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.554% due 10/25/2036 •  | 1 | 0 |
| **Citigroup Mortgage Loan Trust**  |  |  |
| 4.754% due 12/25/2036 •  | 718 | 394 |
| 4.794% due 01/25/2037 •  | 894 | 654 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.714% due 04/25/2047 •  | 77 | 75 |
| 4.974% due 03/25/2036 •  | 129 | 114 |
| **Fremont Home Loan Trust** <br>4.754% due 08/25/2036 •  | 1842 | 575 |
| **GSAMP Trust** <br>4.534% due 12/25/2046 •  | 264 | 130 |
| **Long Beach Mortgage Loan Trust**  |  |  |
| 4.734% due 05/25/2036 •  | 97 | 51 |
| 4.974% due 05/25/2046 •  | 659 | 197 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 4.534% due 01/25/2037 •  | 2437 | 689 |
| 4.854% due 05/25/2037 •  | 451 | 438 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.934% due 07/25/2037 •  | 371 | 78 |
| **Morgan Stanley ABS Capital, Inc. Trust**  |  |  |
| 4.564% due 02/25/2037 •  | 845 | 507 |
| 4.644% due 01/25/2037 •  | 386 | 178 |
| 4.704% due 11/25/2036 •  | 730 | 454 |
| **Morgan Stanley Home Equity Loan Trust** <br>4.534% due 12/25/2036 •  | 397 | 190 |
| **Renaissance Home Equity Loan Trust** <br>5.586% due 11/25/2036 | 748 | 242 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.914% due 07/25/2036 •  | 188 | 74 |

---

------

<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **SG** **Mortgage Securities Trust** <br>4.714% due 10/25/2036 •  | 188 | 172 |
| **Soundview Home Loan Trust** <br>5.334% due 10/25/2037 •  | 534 | 410 |
|  |  | 5622 |
| **HOME EQUITY SEQUENTIAL 0.0%**  |  |  |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>4.774% due 12/25/2036 •  | 3 | 3 |
| **WHOLE LOAN COLLATERAL 0.3%**  |  |  |
| **First Franklin Mortgage Loan Trust** <br>4.754% due 04/25/2036 •  | 12 | 12 |
| **PRET LLC** <br>4.744% due 07/25/2051 þ | 145 | 144 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.594% due 08/25/2036 •  | 352 | 114 |
| 5.394% due 01/25/2036 •  | 200 | 190 |
|  |  | 460 |
| **OTHER ABS 14.4%**  |  |  |
| **AlbaCore Euro CLO DAC** <br>3.316% due 10/18/2034 •  | 900 | 1058 |
| **Anchorage Credit Funding Ltd.**  |  |  |
| 3.000% due 01/21/2040  | $300 | 280 |
| 3.928% due 04/25/2038  | 300 | 295 |
| **Ares CLO Ltd.** <br>5.600% due 04/17/2033 •  | 1000 | 1003 |
| **Bankers Healthcare Group Securitization Trust** <br>5.930% due 10/17/2035 | 1107 | 1111 |
| **Black Diamond CLO DAC** <br>3.096% due 01/20/2032 ~•  | 382 | 450 |
| **Capital Four U.S. CLO Ltd.** <br>6.169% due 01/20/2037 •  | $900 | 903 |
| **CBAM Ltd.** <br>5.561% due 04/17/2031 •  | 865 | 867 |
| **Contego CLO DAC** <br>3.188% due 01/25/2034 •  | 2230 | 2624 |
| **CVC Cordatus Loan Fund DAC** <br>3.391% due 10/23/2034 •  | 535 | 631 |
| **Diameter Capital CLO Ltd.** <br>5.866% due 04/15/2037 •  | $1000 | 1003 |
| **Dryden CLO Ltd.** <br>5.918% due 01/15/2031 •  | 1600 | 1598 |
| **Euro-Galaxy CLO DAC** <br>3.093% due 02/15/2034 •  | 2499 | 2936 |
| **Massachusetts Educational Financing Authority** <br>5.575% due 04/25/2038 •  | $9 | 9 |
| **Navient Private Education Loan Trust**  |  |  |
| 4.100% due 12/16/2058 ~  | 471 | 466 |
| 5.876% due 07/16/2040 •  | 1157 | 1163 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.874% due 09/27/2066 •  | 61 | 61 |
| 5.172% due 04/20/2062 •  | 837 | 833 |
| 6.502% due 02/20/2041 •  | 192 | 197 |
| 6.640% due 02/20/2041  | 192 | 199 |
| **Northwoods Capital Ltd.** <br>5.558% due 11/13/2031 •  | 641 | 640 |
| **Octagon Investment Partners Ltd.** <br>5.419% due 10/20/2030 •  | 353 | 353 |
| **SLM Private Education Loan Trust** <br>9.176% due 10/15/2041 •  | 1735 | 1820 |
| **SMB Private Education Loan Trust**  |  |  |
| 1.070% due 01/15/2053  | 1106 | 996 |
| 3.500% due 12/16/2041  | 1100 | 1071 |
| 5.156% due 01/15/2053 •  | 1225 | 1219 |
| 5.284% due 09/15/2054 •  | 703 | 699 |
| 5.380% due 01/15/2053  | 515 | 522 |
| 5.403% due 07/15/2053 •  | 444 | 445 |
| 6.154% due 05/16/2050 •  | 392 | 396 |
| **St Paul's CLO DAC** <br>3.023% due 07/17/2030 •  | 927 | 1090 |
| **Theorem Funding Trust** <br>7.600% due 04/15/2029 | $103 | 103 |
|  |  | 27041 |
| Total Asset-Backed Securities (Cost $41,393) |  | 42572 |
| **SOVEREIGN ISSUES 7.9%**  |  |  |
| **Bonos de la Tesoreria de la Republica en pesos** <br>4.700% due 09/01/2030 | 480000 | 499 |
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 10/01/2025 (c)  | 2800 | 497 |

---

------

<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0.000% due 04/01/2026 (c)  | 19900 | 3299 |
| **Colombian TES** <br>6.000% due 04/28/2028 | 2477100 | 546 |
| **Czech Republic Government International Bond** <br>4.200% due 12/04/2036 | 3100 | 146 |
| **Egypt Government International Bond** <br>21.954% due 03/04/2028 | 13900 | 276 |
| **Mexican Bonos** <br>8.500% due 03/01/2029 | 3600 | 192 |
| **Mexican Udibonos**  |  |  |
| 2.750% due 11/27/2031 (d)  | 4335 | 205 |
| 3.000% due 12/03/2026 (d)  | 8501 | 444 |
| 4.000% due 11/30/2028 (d)  | 2295 | 120 |
| 4.000% due 08/24/2034 (d)  | 17852 | 885 |
| **Mexico Government International Bond** <br>5.850% due 07/02/2032 (a) | $200 | 203 |
| **Peru Government International Bond**  |  |  |
| 5.400% due 08/12/2034  | 3500 | 935 |
| 6.150% due 08/12/2032  | 11300 | 3300 |
| 6.850% due 08/12/2035  | 100 | 29 |
| 6.950% due 08/12/2031  | 401 | 123 |
| 7.300% due 08/12/2033  | 900 | 277 |
| **Republic of Poland Government International Bond** <br>4.750% due 07/25/2029 | 2200 | 610 |
| **Republic of South Africa Government International Bond**  |  |  |
| 7.000% due 02/28/2031  | 6600 | 343 |
| 8.000% due 01/31/2030  | 7100 | 394 |
| 8.250% due 03/31/2032  | 3200 | 173 |
| 8.500% due 01/31/2037  | 4400 | 216 |
| 9.000% due 01/31/2040  | 18900 | 923 |
| **Turkiye Government International Bond**  |  |  |
| 49.053% due 08/19/2026 ~  | 100 | 2 |
| 49.053% due 05/17/2028 ~  | 10400 | 253 |
| Total Sovereign Issues (Cost $14,025) |  | 14890 |
| **SHORT-TERM INSTRUMENTS 57.4%**  |  |  |
| **COMMERCIAL PAPER 5.5%**  |  |  |
| **Air Lease Corp.** <br>4.820% due 07/02/2025 (a) | $940 | 940 |
| **Alimentation Couche-Tard, Inc.** <br>4.610% due 07/10/2025 | 930 | 929 |
| **Amrize Finance U.S. LLC** <br>4.670% due 07/16/2025 | 930 | 928 |
| **Canadian Natural Resources Ltd.** <br>4.900% due 08/06/2025 (a) | 930 | 925 |
| **Crown Castle, Inc.** <br>5.030% due 07/22/2025 | 960 | 957 |
| **Global Payments, Inc.** <br>5.000% due 07/01/2025 | 930 | 930 |
| **HCA, Inc.** <br>5.000% due 08/22/2025 | 940 | 933 |
| **Intel Corp.** <br>4.590% due 07/01/2025 | 950 | 950 |
| **Jones Lang LaSalle Finance BV** <br>4.720% due 07/09/2025 | 970 | 969 |
| **NextEra Energy Capital Holdings, Inc.** <br>4.600% due 07/29/2025 | 970 | 966 |
| **Virginia Electric & Power Co.** <br>4.600% due 07/28/2025 | 930 | 927 |
|  |  | 10354 |
|  | SHARES |  |
| **MUTUAL FUNDS 1.3%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class**<br> 4.380% (e) | 2410530 | 2411 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (f) 48.9%** |  | 92100 |
| **U.S. TREASURY BILLS 1.7%**  |  |  |
| 4.305% due 07/03/2025 - 09/16/2025 (b)(c)(j) | 3165 | 3142 |

---

------

<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | |
|:---|:---|
| Total Short-Term Instruments (Cost $108,008) | 108007 |
| Total Investments in Securities (Cost $315,071) | 318971 |
| Total Investments 169.3% (Cost $315,071) | $318971 |
| **Financial Derivative Instruments (g)(i) 0.6**%(Cost or Premiums, net $2,743) | 1176 |
| Other Assets and Liabilities, net (69.9)% | (131719) |
| Net Assets 100.0% | $188428 |

---

------

<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 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:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(c)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(d)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(e)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(f)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Lending<br>Rate | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 4.440%  | 07/01/2025 | 6900 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | (7049) | (7049) | 6900 | $6901 |
|  | 4.440  | 07/02/2025 | 44000 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | (44945) | (44945) | 44000 | 44000 |
|  | 4.450  | 07/01/2025 | 41200 | &nbsp;&nbsp; U.S. Treasury Notes 4.250% due 02/28/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.250% due 02/28/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.250% due 02/28/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.250% due 02/28/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.250% due 02/28/2029 | (42100) | (42100) | 41200 | 41205 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  | **(94094)** | **(94094)** | **92100** | $**92106** |
| **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 (4.6)% | U.S. Government Agencies (4.6)% | U.S. Government Agencies (4.6)% | U.S. Government Agencies (4.6)% | U.S. Government Agencies (4.6)% | U.S. Government Agencies (4.6)% | U.S. Government Agencies (4.6)% | U.S. Government Agencies (4.6)% | U.S. Government Agencies (4.6)% | U.S. Government Agencies (4.6)% | U.S. Government Agencies (4.6)% | U.S. Government Agencies (4.6)% | U.S. Government Agencies (4.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 07/01/2055 | 07/01/2055 | $9600 | 9600 | $ | (8482) | $(8644) |
| **Total Short Sales (4.6)%** | **Total Short Sales (4.6)%** | **Total Short Sales (4.6)%** | **Total Short Sales (4.6)%** | **Total Short Sales (4.6)%** | **Total Short Sales (4.6)%** |  |  |  |  | **$** | **(8482)** | $**(8644)** |
| <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. |
| **The average amount of borrowings outstanding during the period ended June 30, 2025 was $(41) at a weighted average interest rate of 4.510%. 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 June 30, 2025 was $(41) at a weighted average interest rate of 4.510%. 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 June 30, 2025 was $(41) at a weighted average interest rate of 4.510%. 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 June 30, 2025 was $(41) at a weighted average interest rate of 4.510%. 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 June 30, 2025 was $(41) at a weighted average interest rate of 4.510%. 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 June 30, 2025 was $(41) at a weighted average interest rate of 4.510%. 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 June 30, 2025 was $(41) at a weighted average interest rate of 4.510%. 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 June 30, 2025 was $(41) at a weighted average interest rate of 4.510%. 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 June 30, 2025 was $(41) at a weighted average interest rate of 4.510%. 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 June 30, 2025 was $(41) at a weighted average interest rate of 4.510%. 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 June 30, 2025 was $(41) at a weighted average interest rate of 4.510%. 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 June 30, 2025 was $(41) at a weighted average interest rate of 4.510%. 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 June 30, 2025 was $(41) at a weighted average interest rate of 4.510%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period**. |
| **(g)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | 70 | 70 | $14562 | 14562 | $56 | 56 | 56 | 4 | 4 | 0 |
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 18 | 18 | 1962 | 1962 | 1 | 1 | 1 | 2 | 2 | 0 |
| U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | 191 | 191 | 21416 | 21416 | 271 | 271 | 271 | 60 | 60 | 0 |
| U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | 5 | 5 | 571 | 571 | 12 | 12 | 12 | 2 | 2 | 0 |
|  |  |  |  |  |  |  | 340 | 340 | $ | 68 | $ | 0 |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| U.S. Treasury Long-Term Bond September Futures  | U.S. Treasury Long-Term Bond September Futures  | U.S. Treasury Long-Term Bond September Futures  | 1 | 1 | $(115) | (115) | $(3) | (3) | (3) | 0 | 0 | (1) |
| U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | 3 | 3 | (357) | (357) | (7) | (7) | (7) | 0 | 0 | (4) |
|  |  |  |  |  |  |  | (10) | (10) | $ | 0 | $ | (5) |

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<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** | $**330** | **330** | **330** | $**68** | **68** | **68** | **$** | **(5)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>June 30, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>June 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> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| Bank of America Corp.  | Bank of America Corp.  | 1.000% | Quarterly | Quarterly | 12/20/2025 | 12/20/2025 | 0.239 | 0.239 | % | % | $500 | 4 | $ | (2) | $ | 2 | 2 | 2 | 0 | 0 | 0 |
| Bank of America Corp.  | Bank of America Corp.  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.359 | 0.359 |  |  | 500 | 7 |  | (2) |  | 5 | 5 | 5 | 0 | 0 | 0 |
| BNP Paribas SNR  | BNP Paribas SNR  | 1.000 | Quarterly | Quarterly | 12/20/2025 | 12/20/2025 | 0.164 | 0.164 |  |  | 100 | 1 |  | 0 |  | 1 | 1 | 1 | 0 | 0 | 0 |
| British Telecommunications PLC  | British Telecommunications PLC  | 1.000 | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.291 | 0.291 |  |  | 100 | 0 |  | 2 |  | 2 | 2 | 2 | 0 | 0 | 0 |
| Morgan Stanley  | Morgan Stanley  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.290 | 0.290 |  |  | $700 | 4 |  | 1 |  | 5 | 5 | 5 | 0 | 0 | 0 |
| Volkswagen International Finance NV  | Volkswagen International Finance NV  | 1.000 | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.755 | 0.755 |  |  | 300 | 2 |  | 0 |  | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | 18 | $ | (1) | $ | 17 | 17 | 17 | 0 | 0 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | 5.000% | 5.000% | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 | $ | $ | 900 | 45 | $ | 24 | $ | 69 | 69 | 69 | 3 | 3 | 0 |
| CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | 1.000 | 1.000 | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 |  |  | 1340 | 29 |  | 2 |  | 31 | 31 | 31 | 1 | 1 | 0 |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | 1.000 | 1.000 | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 |  |  | 7000 | 149 |  | 8 |  | 157 | 157 | 157 | 4 | 4 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | 223 | $ | 34 | $ | 257 | 257 | 257 | 8 | 8 | 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** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500% | 3.500% | Annual | Annual | 03/19/2030 | 03/19/2030 | GBP | 16559 | $(353) | (353) | 147 | 147 | $(206) | (206) | (206) | $0 | 0 | $(1) |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.320 | 4.320 | Annual | Annual | 10/20/2033 | 10/20/2033 |  | 100 | (1) | (1) | 5 | 5 | 4 | 4 | 4 | 0 | 0 | 0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.930 | 3.930 | Annual | Annual | 01/06/2035 | 01/06/2035 |  | 100 | 0 | 0 | (1) | (1) | (1) | (1) | (1) | 0 | 0 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 2.000 | 2.000 | Annual | Annual | 06/18/2055 | 06/18/2055 | JPY | 110000 | 1 | 1 | (37) | (37) | (36) | (36) | (36) | 0 | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.000 | 4.000 | Annual | Annual | 06/20/2026 | 06/20/2026 | $ | 8410 | (6) | (6) | (2) | (2) | (8) | (8) | (8) | 0 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.982 | 3.982 | Annual | Annual | 09/30/2026 | 09/30/2026 |  | 1300 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.842 | 3.842 | Annual | Annual | 02/28/2029 | 02/28/2029 |  | 3380 | 0 | 0 | 46 | 46 | 46 | 46 | 46 | 4 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.842 | 3.842 | Annual | Annual | 03/04/2030 | 03/04/2030 |  | 300 | (1) | (1) | (4) | (4) | (5) | (5) | (5) | 0 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 12/20/2030 | 12/20/2030 |  | 7750 | 31 | 31 | (12) | (12) | 19 | 19 | 19 | 0 | 0 | (14) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/18/2031 | 12/18/2031 |  | 3000 | 9 | 9 | (42) | (42) | (33) | (33) | (33) | 0 | 0 | (7) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.000 | 3.000 | Annual | Annual | 06/21/2033 | 06/21/2033 |  | 19020 | 1243 | 1243 | (459) | (459) | 784 | 784 | 784 | 0 | 0 | (58) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 12/20/2033 | 12/20/2033 |  | 2200 | 164 | 164 | (135) | (135) | 29 | 29 | 29 | 0 | 0 | (7) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.600 | 3.600 | Annual | Annual | 01/17/2034 | 01/17/2034 |  | 100 | (1) | (1) | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.231 | 3.231 | Annual | Annual | 09/18/2034 | 09/18/2034 |  | 20 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.860 | 3.860 | Annual | Annual | 11/14/2034 | 11/14/2034 |  | 200 | (1) | (1) | 4 | 4 | 3 | 3 | 3 | 1 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.866 | 3.866 | Annual | Annual | 11/14/2034 | 11/14/2034 |  | 100 | (1) | (1) | 2 | 2 | 1 | 1 | 1 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.793 | 3.793 | Annual | Annual | 11/19/2034 | 11/19/2034 |  | 100 | (1) | (1) | 2 | 2 | 1 | 1 | 1 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.855 | 3.855 | Annual | Annual | 11/19/2034 | 11/19/2034 |  | 100 | (1) | (1) | 2 | 2 | 1 | 1 | 1 | 0 | 0 | 0 |

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<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.865 | Annual | 11/20/2034 |  | 100 | (1) | 2 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 |  | 8750 | (55) | 29 | (26) | 0 | (34) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.933 | Annual | 01/06/2035 |  | 200 | (1) | 5 | 4 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.840 | Annual | 01/08/2035 |  | 100 | 0 | 1 | 1 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | 01/08/2035 |  | 100 | 0 | 1 | 1 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 01/08/2035 |  | 100 | 0 | 2 | 2 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.896 | Annual | 01/08/2035 |  | 100 | 0 | 2 | 2 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 01/08/2035 |  | 100 | 0 | 2 | 2 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 01/13/2035 |  | 200 | (1) | 4 | 3 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.013 | Annual | 01/15/2035 |  | 100 | 0 | 3 | 3 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.071 | Annual | 01/15/2035 |  | 100 | 0 | 3 | 3 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.100 | Annual | 01/21/2035 |  | 100 | 0 | 3 | 3 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.090 | Annual | 01/22/2035 |  | 100 | 0 | 3 | 3 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 02/26/2035 |  | 50 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 03/03/2035 |  | 50 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 |  | 200 | (1) | (3) | (4) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 03/05/2035 |  | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 |  | 100 | 0 | (2) | (2) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.899 | Annual | 03/11/2035 |  | 100 | 0 | (2) | (2) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 |  | 100 | 0 | (2) | (2) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 |  | 200 | (1) | (4) | (5) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 |  | 200 | (1) | (3) | (4) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 |  | 100 | 0 | (2) | (2) | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/07/2035 |  | 200 | (1) | 2 | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 02/20/2049 |  | 2300 | 35 | 64 | 99 | 0 | (16) |
| Pay<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.046 | Annual | 11/15/2052 |  | 1400 | 0 | 27 | 27 | 11 | 0 |
| Pay<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.054 | Annual | 11/15/2052 |  | 1460 | 0 | 30 | 30 | 12 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.750 | Annual | 06/21/2053 |  | 2650 | 142 | 396 | 538 | 0 | (18) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/18/2054 |  | 6800 | 106 | 434 | 540 | 0 | (54) |
| Pay | 1-Year BRL-CDI | 13.926 | Maturity | 01/04/2027 | BRL | 800 | 0 | 0 | 0 | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.927 | Maturity | 01/04/2027 |  | 9000 | 0 | (5) | (5) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 14.009 | Maturity | 01/04/2027 |  | 2300 | 0 | (1) | (1) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 13.291 | Maturity | 01/02/2029 |  | 5800 | 0 | 9 | 9 | 9 | 0 |
| Pay | 1-Year BRL-CDI | 13.320 | Maturity | 01/02/2029 |  | 400 | 0 | 1 | 1 | 1 | 0 |
| Pay | 1-Year BRL-CDI | 13.354 | Maturity | 01/02/2029 |  | 12100 | 2 | 13 | 15 | 11 | 0 |
| Pay | 3-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 | AUD | 1100 | 20 | 6 | 26 | 0 | (2) |
| Receive | 3-Month COP-IBR Compounded-OIS | 7.498 | Quarterly | 04/28/2028 | COP | 2191300 | 0 | 14 | 14 | 0 | 0 |
| Receive | 3-Month EUR-EURIBOR | 2.400 | Annual | 04/09/2030 | EUR | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 3-Month EUR-EURIBOR | 2.710 | Annual | 08/06/2034 |  | 100 | 0 | (3) | (3) | 0 | 0 |
| Receive | 3-Month EUR-EURIBOR | 2.680 | Annual | 08/07/2034 |  | 100 | 0 | (3) | (3) | 0 | 0 |
| Receive | 3-Month EUR-EURIBOR | 2.590 | Annual | 08/19/2034 |  | 100 | 0 | (2) | (2) | 0 | 0 |
| Receive | 3-Month EUR-EURIBOR | 2.580 | Annual | 08/29/2034 |  | 200 | (1) | (3) | (4) | 1 | 0 |
| Receive | 3-Month EUR-EURIBOR | 2.390 | Annual | 10/01/2034 |  | 100 | 0 | 0 | 0 | 0 | 0 |
| Pay | 3-Month EUR-EURIBOR | 2.380 | Annual | 12/31/2034 |  | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 3-Month EUR-EURIBOR | 2.510 | Annual | 04/09/2035 |  | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 3-Month EUR-EURIBOR | 2.520 | Annual | 04/09/2035 |  | 100 | (1) | 2 | 1 | 0 | 0 |

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<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 3-Month EUR-EURIBOR | 3-Month EUR-EURIBOR | 2.550 | Annual | Annual | 04/16/2035 | 04/16/2035 | 100 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 3-Month EUR-EURIBOR | 2.530 | Annual | Annual | 04/23/2035 | 04/23/2035 | 100 |  | (1) |  | 2 |  | 1 |  | 0 |  | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 3-Month EUR-EURIBOR | 2.450 | Annual | Annual | 05/05/2035 | 05/05/2035 | 100 |  | 0 |  | 1 |  | 1 |  | 0 |  | 0 |
| Receive | Receive | 3-Month PLN-WIBOR | 3-Month PLN-WIBOR | 4.930 | Annual | Annual | 07/25/2029 | 07/25/2029 | 2200 |  | 0 |  | (21) |  | (21) |  | 0 |  | 0 |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | Semi-Annual | 09/20/2033 | 09/20/2033 | 6900 |  | (2) |  | 186 |  | 184 |  | 0 |  | (8) |
| Receive | Receive | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 5.020 | Semi-Annual | Semi-Annual | 09/01/2030 | 09/01/2030 | 480000 |  | 0 |  | (8) |  | (8) |  | 0 |  | (1) |
| Receive | Receive | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 3.760 | Annual | Annual | 11/01/2034 | 11/01/2034 | 3500 |  | 0 |  | (2) |  | (2) |  | 1 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.280 | Annual | Annual | 03/04/2030 | 03/04/2030 | 100 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.280 | Annual | Annual | 11/22/2033 | 11/22/2033 | 100 |  | (1) |  | (8) |  | (9) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.305 | Annual | Annual | 11/27/2033 | 11/27/2033 | 100 |  | (1) |  | (8) |  | (9) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.128 | Annual | Annual | 12/04/2033 | 12/04/2033 | 100 |  | (1) |  | (6) |  | (7) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.063 | Annual | Annual | 12/06/2033 | 12/06/2033 | 100 |  | (1) |  | (6) |  | (7) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.990 | Annual | Annual | 12/08/2033 | 12/08/2033 | 100 |  | 0 |  | (6) |  | (6) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.910 | Annual | Annual | 12/29/2033 | 12/29/2033 | 100 |  | 0 |  | (5) |  | (5) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.650 | Annual | Annual | 01/08/2034 | 01/08/2034 | 90 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.670 | Annual | Annual | 04/03/2034 | 04/03/2034 | 100 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.220 | Annual | Annual | 01/08/2035 | 01/08/2035 | 100 |  | 0 |  | (4) |  | (4) |  | 0 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.400 | Annual | Annual | 02/12/2035 | 02/12/2035 | 100 |  | 0 |  | 2 |  | 2 |  | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.460 | Annual | Annual | 03/13/2035 | 03/13/2035 | 100 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.610 | Annual | Annual | 03/24/2035 | 03/24/2035 | 100 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.520 | Annual | Annual | 03/27/2035 | 03/27/2035 | 100 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.250 | Annual | Annual | 09/17/2035 | 09/17/2035 | 5360 |  | (228) |  | 23 |  | (205) |  | 0 |  | (11) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.250 | Annual | Annual | 09/17/2055 | 09/17/2055 | 2200 |  | 182 |  | 87 |  | 269 |  | 8 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.760 | Lunar | Lunar | 03/01/2029 | 03/01/2029 | 5000 |  | 0 |  | 2 |  | 2 |  | 1 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 9.000 | Lunar | Lunar | 03/01/2029 | 03/01/2029 | 8300 |  | 0 |  | (21) |  | (21) |  | 0 |  | (1) |
| Receive | Receive | CPURNSA | CPURNSA | 2.502 | Maturity | Maturity | 03/25/2030 | 03/25/2030 | 3500 |  | 0 |  | (5) |  | (5) |  | 0 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.520 | Maturity | Maturity | 03/27/2030 | 03/27/2030 | 3100 |  | 0 |  | (7) |  | (7) |  | 0 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.544 | Maturity | Maturity | 04/07/2030 | 04/07/2030 | 2200 |  | (17) |  | 8 |  | (9) |  | 0 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.487 | Maturity | Maturity | 04/03/2035 | 04/03/2035 | 6400 |  | (69) |  | 56 |  | (13) |  | 0 |  | (3) |
|  |  |  |  |  |  |  |  |  | $ | $1184 | 1184 | $794 | 794 | $1978 | 1978 | $72 | 72 | $(248) | (248) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**1425** | **1425** | $**827** | **827** | $**2252** | **2252** | $**80** | **80** | $**(248)** | **(248)** |
| **(h)** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $981 and cash of $4,738 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable 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. | 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 Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(i)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  |  | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 07/2025  | 07/2025  | 07/2025  | AUD | AUD | 76 | 76 | $ | $50 | 50 | 50 | 0 | 0 | 0 | $(1) | (1) | (1) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | BRL | BRL | 1535 | 1535 |  | 281 | 281 | 281 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | CHF | CHF | 52 | 52 |  | 63 | 63 | 63 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | EUR | EUR | 17935 | 17935 |  | 20397 | 20397 | 20397 | 0 | 0 | 0 | (730) | (730) | (730) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | IDR | IDR | 7020662 | 7020662 |  | 432 | 432 | 432 | 0 | 0 | 0 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 07/2025  | 34400 | 239 | 0 | 0 |
|  | 07/2025  | $268 | 1535 | 15 | 0 |
|  | 07/2025  | 270 | 221 | 8 | 0 |
|  | 07/2025  | 636 | 10333551 | 1 | 0 |
|  | 07/2025  | 338 | 460332 | 3 | 0 |
|  | 07/2025  | 59 | 75 | 0 | 0 |
|  | 08/2025  | 506 | $71 | 0 | 0 |
|  | 08/2025  | 75 | 59 | 0 | 0 |
|  | 08/2025  | 6080 | 192 | 0 | (19) |
|  | 08/2025  | $143 | 4665 | 19 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 07/2025  | 5288 | $940 | 0 | (33) |
|  | 07/2025  | 7016553 | 430 | 0 | (2) |
|  | 07/2025  | 107390 | 1250 | 0 | (3) |
|  | 07/2025  | 285 | 30 | 0 | (1) |
|  | 07/2025  | 200 | 6 | 0 | 0 |
|  | 07/2025  | 14094 | 434 | 0 | (52) |
|  | 07/2025  | $958 | 5288 | 16 | 0 |
|  | 07/2025  | 335 | 5464067 | 2 | 0 |
|  | 07/2025  | 600 | 814072 | 2 | 0 |
|  | 07/2025  | 20 | 655 | 0 | 0 |
|  | 07/2025  | 1224 | 36414 | 27 | 0 |
|  | 08/2025  | 1413 | $198 | 0 | 0 |
|  | 08/2025  | 276 | 12 | 0 | (1) |
|  | 08/2025  | 44981 | 1400 | 0 | (163) |
|  | 08/2025  | $258 | 1888 | 7 | 0 |
|  | 08/2025  | 190 | 16512 | 2 | 0 |
|  | 08/2025  | 1039 | 33215 | 116 | 0 |
|  | 10/2025  | 1900 | $317 | 0 | (24) |
|  | 10/2025  | $655 | 4000 | 64 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 07/2025  | 162 | $105 | 0 | (2) |
|  | 07/2025  | 1320 | 237 | 0 | (6) |
|  | 07/2025  | 120 | 162 | 0 | (2) |
|  | 07/2025  | 1644 | 472 | 0 | (16) |
|  | 07/2025  | 23340 | 17 | 0 | 0 |
|  | 07/2025  | 558 | 55 | 0 | (1) |
|  | 07/2025  | 78 | 21 | 0 | (1) |
|  | 07/2025  | 13273 | 323 | 0 | (4) |
|  | 07/2025  | $242 | 1320 | 1 | 0 |
|  | 07/2025  | 6403 | 4706 | 57 | 0 |
|  | 07/2025  | 234 | 791 | 1 | 0 |
|  | 07/2025  | 500 | 20567 | 6 | 0 |
|  | 07/2025  | 20434 | $1130 | 0 | (22) |
|  | 08/2025  | 2725 | 123 | 0 | (8) |
|  | 08/2025  | 4706 | 6404 | 0 | (57) |
|  | 08/2025  | $21 | 858 | 0 | 0 |
|  | 08/2025  | 59 | 1725 | 1 | 0 |
|  | 09/2025  | 7 | 24 | 0 | 0 |
|  | 12/2025  | 35 | 1643 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 07/2025  | 3001 | $457 | 0 | (17) |
|  | 07/2025  | 1707 | 460 | 0 | (22) |
|  | 08/2025  | $166 | 587 | 0 | 0 |
|  | 09/2025  | 4502 | $1229 | 0 | (39) |
|  | 09/2025  | $4 | 15 | 0 | 0 |
|  | 11/2025  | 546 | $149 | 0 | (5) |
|  | 12/2025  | 589 | 166 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 07/2025  | 7744 | 1415 | 0 | (10) |
|  | 07/2025  | 585 | 90 | 0 | (3) |
|  | 07/2025  | 84 | 97 | 0 | (2) |
|  | 07/2025  | 49600 | 348 | 4 | 0 |
|  | 07/2025  | 2240981 | 1633 | 0 | (24) |
|  | 07/2025  | 10457 | 314 | 0 | (8) |
|  | 07/2025  | 21958 | 675 | 0 | (81) |
|  | 07/2025  | $502 | 768 | 4 | 0 |
|  | 07/2025  | 1325 | 7744 | 100 | 0 |
|  | 07/2025  | 96 | 1561423 | 0 | 0 |
|  | 07/2025  | 25 | 33726 | 0 | 0 |
|  | 07/2025  | 485 | 1719 | 0 | (1) |
|  | 07/2025  | 1222 | 11587 | 2 | 0 |
|  | 07/2025  | 691 | 888 | 7 | 0 |
|  | 07/2025  | 1364 | 40563 | 33 | 0 |
|  | 08/2025  | 3156 | $439 | 0 | (3) |
|  | 08/2025  | 611 | 168 | 0 | (4) |
|  | 08/2025  | 11562 | 1222 | 0 | (2) |
|  | 08/2025  | 22366 | 693 | 0 | (85) |
|  | 08/2025  | $1254 | 8957 | 2 | 0 |
|  | 08/2025  | 1422 | 122603 | 6 | (1) |
|  | 09/2025  | 381 | $20 | 0 | 0 |
|  | 09/2025  | 5577 | 1518 | 0 | (52) |
|  | 09/2025  | $160 | 593 | 7 | 0 |
|  | 01/2026  | 1718 | $483 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 07/2025  | 798 | 230 | 0 | (7) |
|  | 07/2025  | 119303 | 88 | 0 | 0 |
|  | 07/2025  | 12 | 9 | 0 | 0 |
|  | 07/2025  | $394 | 2507 | 2 | 0 |
|  | 07/2025  | 20865 | 17985 | 321 | 0 |
|  | 07/2025  | 11 | 181066 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 07/2025  | 81 | 2410 | 2 | 0 |
|  | 08/2025  | 8088 | $1125 | 0 | (9) |
|  | 08/2025  | 2501 | 394 | 0 | (2) |
|  | 08/2025  | 17946 | 20865 | 0 | (321) |
|  | 08/2025  | $303 | 2177 | 2 | 0 |
|  | 08/2025  | 659 | 56894 | 3 | 0 |
|  | 09/2025  | 3488 | $181 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 07/2025  | 5822 | 3756 | 0 | (75) |
|  | 07/2025  | 9451 | 1711 | 0 | (28) |
|  | 07/2025  | 3551 | 4312 | 0 | (163) |
|  | 07/2025  | 1706 | 237 | 0 | (1) |
|  | 07/2025  | 592735 | 4132 | 16 | 0 |
|  | 07/2025  | 776762 | 574 | 0 | (1) |
|  | 07/2025  | 11294 | 1179 | 0 | (15) |
|  | 07/2025  | 17 | 14 | 0 | 0 |
|  | 07/2025  | $3510 | 5368 | 23 | 0 |
|  | 07/2025  | 1704 | 9451 | 36 | 0 |
|  | 07/2025  | 4219 | 3377 | 38 | 0 |
|  | 07/2025  | 535 | 3407 | 3 | 0 |
|  | 07/2025  | 2676 | 389444 | 29 | 0 |
|  | 07/2025  | 574 | 776491 | 1 | 0 |
|  | 07/2025  | 171 | 629 | 4 | 0 |
|  | 07/2025  | 47 | 60 | 0 | 0 |
|  | 08/2025  | 5368 | $3512 | 0 | (23) |
|  | 08/2025  | 3363 | 4219 | 0 | (38) |
|  | 08/2025  | 1491 | 208 | 0 | (1) |
|  | 08/2025  | 3399 | 535 | 0 | (3) |
|  | 08/2025  | 388012 | 2675 | 0 | (29) |
|  | 08/2025  | 60 | 47 | 0 | 0 |
|  | 08/2025  | $315 | 27249 | 2 | 0 |
|  | 09/2025  | 28612 | $1469 | 0 | (43) |
|  | 09/2025  | $1711 | 9596 | 28 | 0 |
|  | 09/2025  | 0 | 1 | 0 | 0 |
|  | 11/2025  | 957 | $261 | 0 | (8) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 07/2025  | 5508 | 169 | 0 | (20) |
|  | 07/2025  | $23 | 369668 | 0 | 0 |
|  | 07/2025  | 18 | 23 | 0 | 0 |
|  | 07/2025  | 109 | 3561 | 13 | 0 |
|  | 08/2025  | 1448 | $202 | 0 | (1) |
|  | 08/2025  | 23 | 18 | 0 | 0 |
|  | 10/2025  | 4900 | 790 | 0 | (91) |
|  | 12/2025  | 620 | 169 | 0 | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 07/2025  | 510 | 93 | 0 | 0 |
|  | 07/2025  | 3232 | 448 | 0 | (4) |
|  | 07/2025  | 2326 | 352 | 0 | (15) |
|  | 07/2025  | 113392 | 83 | 0 | (1) |
|  | 07/2025  | 246 | 147 | 0 | (3) |
|  | 07/2025  | 833 | 222 | 0 | (9) |
|  | 07/2025  | 778 | 605 | 0 | (6) |
|  | 07/2025  | 3032 | 74 | 0 | (1) |
|  | 07/2025  | 14266 | 439 | 0 | (52) |
|  | 07/2025  | $87 | 510 | 7 | 0 |
|  | 07/2025  | 307 | 1135 | 8 | 0 |
|  | 07/2025  | 38 | 49 | 0 | 0 |
|  | 07/2025  | 98 | 2904 | 2 | 0 |
|  | 07/2025  | 5794 | $324 | 0 | (3) |
|  | 08/2025  | 7528 | 1046 | 0 | (10) |
|  | 08/2025  | 49 | 38 | 0 | 0 |
|  | 08/2025  | 35284 | 1081 | 0 | (145) |
|  | 08/2025  | $275 | 23844 | 2 | 0 |
|  | 04/2026  | 19900 | $3376 | 0 | (47) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 07/2025  | 76 | 49 | 0 | (1) |
|  | 07/2025  | 2738 | 1993 | 0 | (17) |
|  | 07/2025  | 1793 | 249 | 0 | (2) |
|  | 07/2025  | 263 | 301 | 0 | (9) |
|  | 07/2025  | 288 | 390 | 0 | (6) |
|  | 07/2025  | 4982 | 637 | 1 | 0 |
|  | 07/2025  | 27073 | 188 | 0 | 0 |
|  | 07/2025  | 596 | 159 | 0 | (6) |
|  | 07/2025  | 1868 | 1456 | 0 | (13) |
|  | 07/2025  | 5249 | 159 | 0 | (3) |
|  | 07/2025  | 6901 | 212 | 0 | (26) |
|  | 07/2025  | $1997 | 2739 | 14 | 0 |
|  | 07/2025  | 343 | 297 | 7 | 0 |
|  | 07/2025  | 198 | 146 | 3 | 0 |
|  | 07/2025  | 25 | 412524 | 0 | 0 |
|  | 07/2025  | 70 | 249 | 4 | 0 |
|  | 07/2025  | 1012 | 1309 | 17 | 0 |
|  | 07/2025  | 4 | 117 | 0 | 0 |
|  | 08/2025  | 1556 | $1134 | 0 | (11) |
|  | 08/2025  | 1797 | 249 | 0 | (3) |
|  | 08/2025  | 17942 | 209 | 0 | 0 |
|  | 08/2025  | 1306 | 1012 | 0 | (18) |
|  | 08/2025  | 16703 | 515 | 0 | (66) |
|  | 08/2025  | $489 | 3541 | 7 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 07/2025  | 25990 | $181 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 07/2025  | $899 | 899 | 899 | JPY | 130962 |  | 11 | 11 | 11 |  | 0 |
|  |  | 07/2025  | 265 | 265 | 265 | NOK | 2670 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2025  | 1 | 1 | 1 | PLN | 3 |  | 0 | 0 | 0 |  | 0 |
|  |  | 08/2025  | 1519 | 1519 | 1519 | $ | 212 |  | 0 | 0 | 0 |  | (1) |
|  |  | 08/2025  | 130480 | 130480 | 130480 |  | 899 |  | 0 | 0 | 0 |  | (11) |
|  |  | 08/2025  | 2670 | 2670 | 2670 |  | 265 |  | 0 | 0 | 0 |  | 0 |
|  |  | 09/2025  | 2387087 | 2387087 | 2387087 |  | 579 |  | 1 | 1 | 1 |  | 0 |
|  |  | 09/2025  | $485 | 485 | 485 | MXN | 9277 |  | 5 | 5 | 5 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 07/2025  | 271 | 271 | 271 | IDR | 4424423 |  | 1 | 1 | 1 |  | 0 |
|  |  | 08/2025  | 14 | 14 | 14 | TRY | 567 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 07/2025  | 12 | 12 | 12 | $ | 4 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2025  | 1705 | 1705 | 1705 |  | 458 |  | 0 | 0 | 0 |  | (23) |
|  |  | 07/2025  | 592 | 592 | 592 |  | 20 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2025  | $106 | 106 | 106 | IDR | 1719200 |  | 1 | 1 | 1 |  | 0 |
|  |  | 07/2025  | 10 | 10 | 10 | JPY | 1459 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2025  | 202 | 202 | 202 | SGD | 261 |  | 3 | 3 | 3 |  | 0 |
|  |  | 07/2025  | 200 | 200 | 200 | THB | 6496 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2025  | 800 | 800 | 800 | TWD | 23439 |  | 7 | 7 | 7 |  | 0 |
|  |  | 08/2025  | 4070 | 4070 | 4070 | $ | 569 |  | 0 | 0 | 0 |  | (2) |
|  |  | 08/2025  | 1453 | 1453 | 1453 |  | 10 |  | 0 | 0 | 0 |  | 0 |
|  |  | 08/2025  | 260 | 260 | 260 |  | 202 |  | 0 | 0 | 0 |  | (3) |
|  |  | 08/2025  | 3942 | 3942 | 3942 |  | 121 |  | 0 | 0 | 0 |  | (16) |
|  |  | 08/2025  | $886 | 886 | 886 | CNH | 6416 |  | 14 | 14 | 14 |  | 0 |
|  |  | 08/2025  | 222 | 222 | 222 | INR | 19089 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 07/2025  | 1497 | 1497 | 1497 | JPY | 216149 |  | 4 | 4 | 4 |  | 0 |
|  |  | 07/2025  | 28 | 28 | 28 | NOK | 278 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2025  | 149 | 149 | 149 | NZD | 246 |  | 1 | 1 | 1 |  | 0 |
|  |  | 08/2025  | 215355 | 215355 | 215355 | $ | 1497 |  | 0 | 0 | 0 |  | (4) |
|  |  | 08/2025  | 278 | 278 | 278 |  | 28 |  | 0 | 0 | 0 |  | 0 |
|  |  | 08/2025  | 246 | 246 | 246 |  | 149 |  | 0 | 0 | 0 |  | (1) |
|  |  | 08/2025  | 3099 | 3099 | 3099 |  | 107 |  | 0 | 0 | 0 |  | (1) |
|  |  | 08/2025  | $1 | 1 | 1 | INR | 110 |  | 0 | 0 | 0 |  | 0 |
|  |  | 08/2025  | 71 | 71 | 71 | TWD | 2025 |  | 0 | 0 | 0 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 07/2025  | 4444 | 4444 | 4444 | $ | 6017 |  | 0 | 0 | 0 |  | (83) |
|  |  | 10/2025  | $82 | 82 | 82 | PEN | 302 |  | 3 | 3 | 3 |  | 0 |
|  |  | 12/2025  | 1658 | 1658 | 1658 | $ | 448 |  | 0 | 0 | 0 |  | (17) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 07/2025  | 460928 | 460928 | 460928 |  | 491 |  | 0 | 0 | 0 |  | (4) |
|  |  | 07/2025  | 121 | 121 | 121 |  | 34 |  | 0 | 0 | 0 |  | (2) |
|  |  | 07/2025  | 8737 | 8737 | 8737 |  | 60 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2025  | 23292 | 23292 | 23292 |  | 17 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2025  | 2390 | 2390 | 2390 |  | 235 |  | 0 | 0 | 0 |  | (2) |
|  |  | 07/2025  | 834 | 834 | 834 |  | 25 |  | 0 | 0 | 0 |  | (1) |
|  |  | 07/2025  | $17 | 17 | 17 | KRW | 23303 |  | 0 | 0 | 0 |  | 0 |
|  |  | 08/2025  | 1357 | 1357 | 1357 | $ | 189 |  | 0 | 0 | 0 |  | (2) |
|  |  | 08/2025  | $552 | 552 | 552 | CNH | 3983 |  | 6 | 6 | 6 |  | 0 |
|  |  | 12/2025  | 1643 | 1643 | 1643 | $ | 35 |  | 0 | 0 | 0 |  | (1) |
| **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** | $**1166** | **1166** | **1166** | **$** | $**(3050)** | **(3050)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BRC | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.750% | 3.750% | 20400 | 20400 | 20400 | $98 | 98 | $ | $71 |
| **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** | $**98** | **98** | **$** | $**71** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** |
| Counterparty | Description | Description | Description | Buy/Sell<br>Protection | Exercise<br>Rate | Exercise<br>Rate | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| GST | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | 0.850% | 0.850% | 200 | 200 | 200 | $0 | 0 | $ | $0 |
|  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | 0.900 | 0.900 | 500 | 500 | 500 | (1) | (1) |  | 0 |
| RBC | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | 0.850 | 0.850 | 100 | 100 | 100 | 0 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  | $(1) | (1) | $ | $0 |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description |  | Strike<br>Price | 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 |
| UAG | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | TRY | 54.000 | 300 | 300 | 300 | $(10) | (10) | $ | $(8) |

---

------

<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 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** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value | Market<br>Value |
| BRC | BRC | BRC | Call - OTC 1-Year Interest Rate Swap  | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 2.830% | 2.830% | 2.830% | 10/30/2025 | 10/30/2025 | 10/30/2025 |  | 20400 | $ | (36) | (36) | (36) | $(12) | (12) | (12) |
|  |  |  | Call - OTC 1-Year Interest Rate Swap  | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.290 | 3.290 | 3.290 | 10/30/2025 | 10/30/2025 | 10/30/2025 |  | 20400 |  | (61) | (61) | (61) | (29) | (29) | (29) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (97) | (97) | (97) | $(41) | (41) | (41) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(108)** | **(108)** | **(108)** | $**(49)** | **(49)** | **(49)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| GST | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | 1.000% | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 06/20/2026 | 1.490% | 1.490% | 1.490% | $ | $100 | 100 | $(1) | (1) | $1 | 1 | $0 | 0 | 0 | $0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(4)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset |  | Liability |
| BOA | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | 5.000% | 5.000% | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | EUR | 788 | $ | 153 | 153 | 18 | $ | 171 | 171 | $ | 0 |
| BPS | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 |  | 1181 |  | 233 | 233 | 23 |  | 256 | 256 |  | 0 |
| GST | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 |  | 492 |  | 98 | 98 | 9 |  | 107 | 107 |  | 0 |
| JPM | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 |  | 4135 |  | 854 | 854 | 44 |  | 898 | 898 |  | 0 |
| SAL | CMBX.NA.AAA.16 Index  | CMBX.NA.AAA.16 Index  | CMBX.NA.AAA.16 Index  | CMBX.NA.AAA.16 Index  | CMBX.NA.AAA.16 Index  | CMBX.NA.AAA.16 Index  | CMBX.NA.AAA.16 Index  | 0.500 | 0.500 | Monthly | Monthly | Monthly | 04/17/2065 | 04/17/2065 | 04/17/2065 | $ | 600 |  | (9) | (9) | 4 |  | 0 | 0 |  | (5) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $1329 | 1329 | $98 | 98 | $1432 | 1432 | 1432 | $(5) |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(6)</sup> | Pay/Receive<sup>(6)</sup> | Underlying<br>Reference | Underlying<br>Reference | Underlying<br>Reference | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| &nbsp;&nbsp; BOA | &nbsp;&nbsp; BOA | Pay | Pay | S&P 500 Total Return Index  | S&P 500 Total Return Index  | S&P 500 Total Return Index  | 67 | &nbsp;&nbsp; 5.030% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 5.030% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 5.030% (FEDL01 plus a specified spread) | Monthly | Monthly | Monthly | 08/06/2025 | 08/06/2025 | 08/06/2025 | 919 | 919 | $0 | 0 | $3 | 3 | $3 | 3 | 3 | $0 |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | Receive | Receive | NDDUEAFE Index  | NDDUEAFE Index  | NDDUEAFE Index  | 93 | &nbsp;&nbsp; 4.590% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.590% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.590% (FEDL01 plus a specified spread) | Monthly | Monthly | Monthly | 08/06/2025 | 08/06/2025 | 08/06/2025 | 898 | 898 | 0 | 0 | (3) | (3) | 0 | 0 | 0 | (3) |
|  |  | Receive | Receive | RADMFUNT Index  | RADMFUNT Index  | RADMFUNT Index  | 481 | &nbsp;&nbsp; 4.670% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.670% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.670% (FEDL01 plus a specified spread) | Monthly | Monthly | Monthly | 08/06/2025 | 08/06/2025 | 08/06/2025 | 1037 | 1037 | 0 | 0 | (4) | (4) | 0 | 0 | 0 | (4) |
|  |  | Receive | Receive | RADMFENT Index  | RADMFENT Index  | RADMFENT Index  | 1052 | &nbsp;&nbsp; 5.070% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 5.070% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 5.070% (FEDL01 plus a specified spread) | Monthly | Monthly | Monthly | 11/05/2025 | 11/05/2025 | 11/05/2025 | 1957 | 1957 | 0 | 0 | (7) | (7) | 0 | 0 | 0 | (7) |
|  |  | Receive | Receive | RADMFXNT Index  | RADMFXNT Index  | RADMFXNT Index  | 878 | &nbsp;&nbsp; 4.810% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.810% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.810% (FEDL01 plus a specified spread) | Monthly | Monthly | Monthly | 11/05/2025 | 11/05/2025 | 11/05/2025 | 1894 | 1894 | 0 | 0 | (7) | (7) | 0 | 0 | 0 | (7) |
|  |  | Receive | Receive | RADMFXNT Index  | RADMFXNT Index  | RADMFXNT Index  | 1031 | &nbsp;&nbsp; 4.860% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.860% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.860% (FEDL01 plus a specified spread) | Monthly | Monthly | Monthly | 11/05/2025 | 11/05/2025 | 11/05/2025 | 2224 | 2224 | 0 | 0 | (5) | (5) | 0 | 0 | 0 | (5) |
|  |  | Receive | Receive | RADMFENT Index  | RADMFENT Index  | RADMFENT Index  | 503 | &nbsp;&nbsp; 5.010% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 5.010% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 5.010% (FEDL01 plus a specified spread) | Monthly | Monthly | Monthly | 02/04/2026 | 02/04/2026 | 02/04/2026 | 936 | 936 | 0 | 0 | (4) | (4) | 0 | 0 | 0 | (4) |
|  |  | Receive | Receive | RADMFENT Index  | RADMFENT Index  | RADMFENT Index  | 2615 | &nbsp;&nbsp; 5.070% | &nbsp;&nbsp; 5.070% | &nbsp;&nbsp; 5.070% | Monthly | Monthly | Monthly | 03/04/2026 | 03/04/2026 | 03/04/2026 | 4865 | 4865 | 0 | 0 | (18) | (18) | 0 | 0 | 0 | (18) |
|  |  | Receive | Receive | RADMFENT Index  | RADMFENT Index  | RADMFENT Index  | 1160 | &nbsp;&nbsp; 4.990% | &nbsp;&nbsp; 4.990% | &nbsp;&nbsp; 4.990% | Monthly | Monthly | Monthly | 04/15/2026 | 04/15/2026 | 04/15/2026 | 2158 | 2158 | 0 | 0 | (8) | (8) | 0 | 0 | 0 | (8) |
|  |  | Receive | Receive | RADMFENT Index  | RADMFENT Index  | RADMFENT Index  | 4296 | &nbsp;&nbsp; 4.920% | &nbsp;&nbsp; 4.920% | &nbsp;&nbsp; 4.920% | Monthly | Monthly | Monthly | 05/20/2026 | 05/20/2026 | 05/20/2026 | 7992 | 7992 | 0 | 0 | (40) | (40) | 0 | 0 | 0 | (40) |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Receive | Receive | NDDUEAFE Index  | NDDUEAFE Index  | NDDUEAFE Index  | 207 | &nbsp;&nbsp; 4.660% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.660% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.660% (FEDL01 plus a specified spread) | Monthly | Monthly | Monthly | 09/24/2025 | 09/24/2025 | 09/24/2025 | 1998 | 1998 | 0 | 0 | (5) | (5) | 0 | 0 | 0 | (5) |
| &nbsp;&nbsp; FAR | &nbsp;&nbsp; FAR | Pay | Pay | S&P 500 Total Return Index  | S&P 500 Total Return Index  | S&P 500 Total Return Index  | 173 | &nbsp;&nbsp; 5.150% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 5.150% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 5.150% (FEDL01 plus a specified spread) | Monthly | Monthly | Monthly | 01/07/2026 | 01/07/2026 | 01/07/2026 | 2372 | 2372 | 0 | 0 | 9 | 9 | 9 | 9 | 9 | 0 |
| &nbsp;&nbsp; GST | &nbsp;&nbsp; GST | Receive | Receive | RADMFENT Index  | RADMFENT Index  | RADMFENT Index  | 707 | &nbsp;&nbsp; 5.020% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 5.020% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 5.020% (FEDL01 plus a specified spread) | Monthly | Monthly | Monthly | 11/05/2025 | 11/05/2025 | 11/05/2025 | 1315 | 1315 | 0 | 0 | (5) | (5) | 0 | 0 | 0 | (5) |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | Receive | Receive | ERAUSLT Index  | ERAUSLT Index  | ERAUSLT Index  | 388 | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 4.800% | Monthly | Monthly | Monthly | 07/02/2025 | 07/02/2025 | 07/02/2025 | 2788 | 2788 | 0 | 0 | 33 | 33 | 33 | 33 | 33 | 0 |
|  |  | Receive | Receive | NDDUEAFE Index  | NDDUEAFE Index  | NDDUEAFE Index  | 2251 | &nbsp;&nbsp; 4.400% | &nbsp;&nbsp; 4.400% | &nbsp;&nbsp; 4.400% | Monthly | Monthly | Monthly | 07/02/2025 | 07/02/2025 | 07/02/2025 | 21261 | 21261 | 0 | 0 | 398 | 398 | 398 | 398 | 398 | 0 |
|  |  | Receive | Receive | RADMFENT Index  | RADMFENT Index  | RADMFENT Index  | 4074 | &nbsp;&nbsp; 4.610% | &nbsp;&nbsp; 4.610% | &nbsp;&nbsp; 4.610% | Monthly | Monthly | Monthly | 07/02/2025 | 07/02/2025 | 07/02/2025 | 8590 | 8590 | 0 | 0 | 167 | 167 | 167 | 167 | 167 | 0 |
|  |  | Receive | Receive | RADMFENT Index  | RADMFENT Index  | RADMFENT Index  | 8405 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5.000% | Monthly | Monthly | Monthly | 07/02/2025 | 07/02/2025 | 07/02/2025 | 14791 | 14791 | 0 | 0 | 791 | 791 | 791 | 791 | 791 | 0 |
|  |  | Receive | Receive | RADMFUNT Index  | RADMFUNT Index  | RADMFUNT Index  | 37 | &nbsp;&nbsp; 4.260% | &nbsp;&nbsp; 4.260% | &nbsp;&nbsp; 4.260% | Monthly | Monthly | Monthly | 07/16/2025 | 07/16/2025 | 07/16/2025 | 95 | 95 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

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------

<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Receive | RADMFUNT Index  | 5916 | &nbsp;&nbsp; 4.710% (FEDL01 plus a specified spread) | Monthly | 07/16/2025 | 12760 | 0 | (45) | (45) | 0 | (45) |
|  |  | Pay | S&P 500 Total Return Index  | 129 | &nbsp;&nbsp; 5.110% (FEDL01 plus a specified spread) | Monthly | 08/06/2025 | 1769 | 0 | 7 | 7 | 7 | 0 |
|  |  | Receive | RADMFENT Index  | 1899 | &nbsp;&nbsp; 4.690% | Monthly | 09/03/2025 | 4096 | 0 | (12) | (12) | 0 | (12) |
|  |  | Receive | RADMFENT Index  | 4484 | &nbsp;&nbsp; 4.950% (FEDL01 plus a specified spread) | Monthly | 09/03/2025 | 8342 | 0 | (22) | (22) | 0 | (22) |
|  |  | Receive | ERADXULT Index  | 429 | &nbsp;&nbsp; 5.230% (FEDL01 plus a specified spread) | Maturity | 10/01/2025 | 1172 | 0 | 105 | 105 | 105 | 0 |
|  |  | Pay | S&P 500 Total Return Index  | 36 | &nbsp;&nbsp; 5.110% (FEDL01 plus a specified spread) | Monthly | 02/04/2026 | 494 | 0 | 2 | 2 | 2 | 0 |
|  |  | Pay | S&P 500 Total Return Index  | 259 | &nbsp;&nbsp; 5.010% | Monthly | 04/01/2026 | 3552 | 0 | 9 | 9 | 9 | 0 |
| &nbsp;&nbsp; MBC | &nbsp;&nbsp; MBC | Receive | ERADXULT Index  | 198 | &nbsp;&nbsp; 5.420% (FEDL01 plus a specified spread) | Monthly | 11/05/2025 | 606 | 0 | (4) | (4) | 0 | (4) |
| &nbsp;&nbsp; MEI | &nbsp;&nbsp; MEI | Receive | ERAEMLT Index  | 27 | &nbsp;&nbsp; 5.440% (FEDL01 plus a specified spread) | Monthly | 07/02/2025 | 140 | 0 | 7 | 7 | 7 | 0 |
|  |  | Receive | ERAEMLT Index  | 2765 | &nbsp;&nbsp; 5.650% | Monthly | 07/02/2025 | 14314 | 0 | 708 | 708 | 708 | 0 |
|  |  | Receive | ERAEMLT Index  | 473 | &nbsp;&nbsp; 5.410% | Monthly | 08/06/2025 | 2580 | 0 | (10) | (10) | 0 | (10) |
|  |  | Receive | ERADXULT Index  | 850 | &nbsp;&nbsp; 5.100% | Monthly | 08/20/2025 | 2600 | 0 | (22) | (22) | 0 | (22) |
|  |  | Receive | ERAEMLT Index  | 697 | &nbsp;&nbsp; 5.570% (FEDL01 plus a specified spread) | Monthly | 01/07/2026 | 3802 | 0 | (13) | (13) | 0 | (13) |
|  |  | Receive | ERAEMLT Index  | 1253 | &nbsp;&nbsp; 5.605% | Monthly | 03/04/2026 | 6835 | 0 | (28) | (28) | 0 | (28) |
| &nbsp;&nbsp; MYI | &nbsp;&nbsp; MYI | Receive | ERADXULT Index  | 3709 | &nbsp;&nbsp; 5.350% | Monthly | 09/03/2025 | 11345 | 0 | (79) | (79) | 0 | (79) |
|  |  | Receive | ERADXULT Index  | 3094 | &nbsp;&nbsp; 5.355% | Monthly | 04/01/2026 | 9464 | 0 | (66) | (66) | 0 | (66) |
|  |  | Receive | NDDUEAFE Index  | 568 | &nbsp;&nbsp; 4.680% | Monthly | 05/20/2026 | 5483 | 0 | (27) | (27) | 0 | (27) |
|  |  | Receive | NDDUEAFE Index  | 2973 | &nbsp;&nbsp; 4.690% | Monthly | 06/03/2026 | 28699 | 0 | (89) | (89) | 0 | (89) |
|  |  |  |  |  |  |  |  |  | 0 | $1716 | 1716 | $2239 | $(523) |
| **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** | **1328** | $**1815** | **1815** | $**3671** | $**(528)** |
| **(j)** | **Securities with an aggregate market value of $695 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $695 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $695 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $695 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $695 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $695 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $695 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $695 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $695 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $695 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $695 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $695 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $695 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the 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>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit 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. |
| <sup>(6)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |  |
| **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** |  |
| 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 | $300 | 300 | $8566 | $0 | 0 | $ | 8866 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 855 | 0 | 0 |  | 855 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 2203 | 0 | 0 |  | 2203 |  |
| 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 |  |
| Washington | Washington | Washington | Washington | Washington | Washington | 0 | 0 | 353 | 0 | 0 |  | 353 |  |
| 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 | 101324 | 0 | 0 |  | 101324 |  |
| 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 | 3433 | 0 | 0 |  | 3433 |  |
| 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 | 36468 | 0 | 0 |  | 36468 |  |
| 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 | 4779 | 0 | 0 |  | 4779 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 3268 | 0 | 0 |  | 3268 |  |
| Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | 0 | 0 | 1399 | 0 | 0 |  | 1399 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 5622 | 0 | 0 |  | 5622 |  |
| Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | 0 | 0 | 3 | 0 | 0 |  | 3 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 460 | 0 | 0 |  | 460 |  |

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<br> Schedule of Investments PIMCO All Authority: Multi-RAE PLUS Fund (Cont.) June 30, 2025 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| Other ABS | 0 | 27041 | 0 | 27041 |
| Sovereign Issues | 0 | 14890 | 0 | 14890 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Commercial Paper | 940 | 9414 | 0 | 10354 |
| Mutual Funds | 0 | 2411 | 0 | 2411 |
| Repurchase Agreements | 0 | 92100 | 0 | 92100 |
| U.S. Treasury Bills | 0 | 3142 | 0 | 3142 |
| Total Investments | $1240 | $317731 | $0 | $318971 |
| **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 | $(8644) | $0 | $(8644) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 0 | 148 | 0 | 148 |
| Over the counter | 0 | 4908 | 0 | 4908 |
|  | $0 | $5056 | $0 | $5056 |
| **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 | (253) | 0 | (253) |
| Over the counter | 0 | (3627) | 0 | (3627) |
|  | $0 | $(3880) | $0 | $(3880) |
| Total Financial Derivative Instruments | $0 | $1176 | $0 | $1176 |
| Totals | $1240 | $310263 | $0 | $311503 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

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<br> Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio June 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 94.5% ¤** |  |  |
| **BRAZIL 3.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.8%**  |  |  |
| **Brazil Minas SPE via State of Minas Gerais** <br>5.333% due 02/15/2028 | $3420 | $3408 |
| **SOVEREIGN ISSUES 2.4%**  |  |  |
| **Brazil Government International Bond**  |  |  |
| 6.000% due 04/07/2026  | 200 | 202 |
| 7.125% due 05/13/2054  | 10000 | 9601 |
|  |  | 9803 |
| Total Brazil (Cost $13,575) |  | 13211 |
| **CHILE 1.6%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Empresa de Transporte de Pasajeros Metro SA**  |  |  |
| 3.650% due 05/07/2030  | $500 | 475 |
| 4.700% due 05/07/2050  | 2000 | 1624 |
|  |  | 2099 |
| **SOVEREIGN ISSUES 1.1%**  |  |  |
| **Chile Government International Bond**  |  |  |
| 3.100% due 01/22/2061  | 500 | 304 |
| 4.340% due 03/07/2042  | 5000 | 4341 |
|  |  | 4645 |
| Total Chile (Cost $7,807) |  | 6744 |
| **COLOMBIA 5.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **Ecopetrol SA** <br>8.375% due 01/19/2036 | $2700 | 2607 |
| **SOVEREIGN ISSUES 5.3%**  |  |  |
| **Colombia Government International Bond**  |  |  |
| 3.125% due 04/15/2031  | 200 | 165 |
| 3.875% due 04/25/2027  | 12800 | 12542 |
| 8.000% due 04/20/2033  | 8000 | 8287 |
| 8.000% due 11/14/2035  | 800 | 805 |
|  |  | 21799 |
| Total Colombia (Cost $24,152) |  | 24406 |
| **DOMINICAN REPUBLIC 0.6%**  |  |  |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Dominican Republic International Bond**  |  |  |
| 4.875% due 09/23/2032  | $2500 | 2315 |
| 5.950% due 01/25/2027  | 200 | 202 |
| Total Dominican Republic (Cost $2,827) |  | 2517 |
| **INDIA 0.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **Adani Renewable Energy RJ Ltd.** <br>4.625% due 10/15/2039 | $1002 | 808 |
| **Adani Transmission Step-One Ltd.** <br>4.000% due 08/03/2026 | 1000 | 990 |

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<br> Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| Total India (Cost $1,992) |  | 1798 |
| **INDONESIA 2.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.0%**  |  |  |
| **Pelabuhan Indonesia Persero PT** <br>5.375% due 05/05/2045 | $200 | 186 |
| **SOVEREIGN ISSUES 2.5%**  |  |  |
| **Indonesia Government International Bond**  |  |  |
| 3.500% due 02/14/2050  | 2000 | 1435 |
| 4.750% due 07/18/2047  | 755 | 680 |
| 5.125% due 01/15/2045  | 1865 | 1788 |
| 5.250% due 01/17/2042  | 500 | 491 |
| 5.250% due 01/08/2047  | 1249 | 1207 |
| 5.950% due 01/08/2046  | 918 | 955 |
| 6.750% due 01/15/2044  | 2400 | 2687 |
| 7.750% due 01/17/2038  | 1025 | 1247 |
|  |  | 10490 |
| Total Indonesia (Cost $13,000) |  | 10676 |
| **ISRAEL 3.4%**  |  |  |
| **SOVEREIGN ISSUES 3.4%**  |  |  |
| **Israel Government International Bond**  |  |  |
| 3.375% due 01/15/2050  | $5400 | 3514 |
| 3.875% due 07/03/2050  | 5000 | 3522 |
| 5.500% due 03/12/2034  | 7000 | 7097 |
| Total Israel (Cost $18,474) |  | 14133 |
| **IVORY COAST 1.2%**  |  |  |
| **SOVEREIGN ISSUES 1.2%**  |  |  |
| **Ivory Coast Government International Bond**  |  |  |
| 5.250% due 03/22/2030  | 2300 | 2595 |
| 5.875% due 10/17/2031  | 2000 | 2232 |
| Total Ivory Coast (Cost $4,771) |  | 4827 |
| **LUXEMBOURG 5.2%**  |  |  |
|  | SHARES |  |
| **COMMON STOCKS 0.9%**  |  |  |
| **Drillco Holding Lux SA «(f)** | 123735 | 2537 |
| **Foresea Holdings SA «** | 48750 | 999 |
|  |  | 3536 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **CORPORATE BONDS & NOTES 4.3%**  |  |  |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | $2149 | 2043 |
| **Greensaif Pipelines Bidco SARL**  |  |  |
| 5.853% due 02/23/2036  | 200 | 203 |
| 6.103% due 08/23/2042  | 3300 | 3305 |
| 6.129% due 02/23/2038  | 7000 | 7223 |
| 6.510% due 02/23/2042  | 5000 | 5185 |
|  |  | 17959 |
| Total Luxembourg (Cost $19,850) |  | 21495 |
| **MALAYSIA 0.8%**  |  |  |
| **CORPORATE BONDS & NOTES 0.8%**  |  |  |
| **Petronas Capital Ltd.**  |  |  |
| 3.500% due 04/21/2030  | $2500 | 2402 |
| 4.550% due 04/21/2050  | 500 | 424 |
| 4.800% due 04/21/2060  | 200 | 172 |
| **Petronas Energy Canada Ltd.** <br>2.112% due 03/23/2028 | 500 | 472 |

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<br> Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Malaysia (Cost $3,760) |  | 3470 |
| **MEXICO 12.5%**  |  |  |
| **CORPORATE BONDS & NOTES 1.4%**  |  |  |
| **Coca-Cola Femsa SAB de CV** <br>1.850% due 09/01/2032 | $2150 | 1761 |
| **Petroleos Mexicanos**  |  |  |
| 6.700% due 02/16/2032  | 498 | 463 |
| 7.690% due 01/23/2050  | 500 | 394 |
| 10.000% due 02/07/2033  | 3100 | 3321 |
|  |  | 5939 |
| **SOVEREIGN ISSUES 11.1%**  |  |  |
| **Mexican Udibonos**  |  |  |
| 2.750% due 11/27/2031 (d)  | 187529 | 8857 |
| 4.000% due 11/30/2028 (d)  | 53555 | 2798 |
| 4.000% due 08/24/2034 (d)  | 186424 | 9244 |
| **Mexico Government International Bond**  |  |  |
| 1.350% due 09/18/2027  | 300 | 343 |
| 4.490% due 05/25/2032  | 3000 | 3581 |
| 4.750% due 04/27/2032  | $3000 | 2857 |
| 5.000% due 04/27/2051  | 7300 | 5679 |
| 6.000% due 05/07/2036  | 1200 | 1187 |
| 6.400% due 05/07/2054  | 2000 | 1846 |
| 6.625% due 01/29/2038 (a)  | 4655 | 4732 |
| 6.875% due 05/13/2037  | 4500 | 4705 |
|  |  | 45829 |
| Total Mexico (Cost $55,599) |  | 51768 |
| **PARAGUAY 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Paraguay Government International Bond** <br>4.950% due 04/28/2031 | $1000 | 996 |
| Total Paraguay (Cost $1,104) |  | 996 |
| **PERU 10.3%**  |  |  |
| **SOVEREIGN ISSUES 10.3%**  |  |  |
| **Peru Government International Bond**  |  |  |
| 2.783% due 01/23/2031  | $1000 | 898 |
| 5.375% due 02/08/2035  | 1000 | 1001 |
| 5.625% due 11/18/2050  | 2680 | 2553 |
| 5.875% due 08/08/2054  | 1000 | 967 |
| 6.150% due 08/12/2032  | 48170 | 14065 |
| 6.350% due 08/12/2028  | 3500 | 1054 |
| 6.950% due 08/12/2031  | 38082 | 11690 |
| 7.300% due 08/12/2033  | 33500 | 10319 |
| Total Peru (Cost $41,418) |  | 42547 |
| **POLAND 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Republic of Poland Government International Bond** <br>5.125% due 09/18/2034 | $2000 | 2012 |
| Total Poland (Cost $1,972) |  | 2012 |
| **QATAR 3.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **QatarEnergy** <br>2.250% due 07/12/2031 | $700 | 614 |
| **SOVEREIGN ISSUES 3.1%**  |  |  |
| **Qatar Government International Bond**  |  |  |
| 3.750% due 04/16/2030  | 4100 | 4020 |
| 4.400% due 04/16/2050  | 7000 | 5928 |
| 4.817% due 03/14/2049  | 1200 | 1079 |

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<br> Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.103% due 04/23/2048  | 2000 | 1888 |
|  |  | 12915 |
| Total Qatar (Cost $14,649) |  | 13529 |
| **ROMANIA 5.0%**  |  |  |
| **SOVEREIGN ISSUES 5.0%**  |  |  |
| **Romania Government International Bond**  |  |  |
| 2.000% due 01/28/2032  | 3000 | 2870 |
| 2.000% due 04/14/2033  | 3000 | 2713 |
| 3.624% due 05/26/2030  | 3000 | 3361 |
| 5.375% due 03/22/2031  | 3000 | 3549 |
| 5.625% due 05/30/2037  | 6000 | 6661 |
| 7.500% due 02/10/2037  | $1500 | 1561 |
| Total Romania (Cost $18,951) |  | 20715 |
| **SAUDI ARABIA 10.1%**  |  |  |
| **CORPORATE BONDS & NOTES 2.3%**  |  |  |
| **Saudi Arabian Oil Co.**  |  |  |
| 5.250% due 07/17/2034  | $3000 | 3034 |
| 5.750% due 07/17/2054  | 3000 | 2820 |
| 5.875% due 07/17/2064  | 4000 | 3660 |
|  |  | 9514 |
| **SOVEREIGN ISSUES 7.8%**  |  |  |
| **Saudi Government International Bond**  |  |  |
| 3.625% due 03/04/2028  | 1500 | 1475 |
| 4.750% due 01/18/2028  | 5000 | 5042 |
| 4.750% due 01/16/2030  | 5000 | 5052 |
| 4.875% due 07/18/2033  | 5000 | 5025 |
| 5.000% due 01/18/2053  | 2000 | 1707 |
| 5.125% due 01/13/2028  | 3000 | 3051 |
| 5.375% due 01/13/2031  | 3000 | 3113 |
| 5.750% due 01/16/2054  | 8000 | 7633 |
|  |  | 32098 |
| Total Saudi Arabia (Cost $41,798) |  | 41612 |
| **SERBIA 4.7%**  |  |  |
| **SOVEREIGN ISSUES 4.7%**  |  |  |
| **Serbia Government International Bond**  |  |  |
| 1.000% due 09/23/2028  | 3000 | 3265 |
| 1.500% due 06/26/2029  | 5400 | 5811 |
| 1.650% due 03/03/2033  | 150 | 145 |
| 2.050% due 09/23/2036  | 2500 | 2241 |
| 3.125% due 05/15/2027  | 6900 | 8100 |
| Total Serbia (Cost $21,194) |  | 19562 |
| **SOUTH AFRICA 13.4%**  |  |  |
| **SOVEREIGN ISSUES 13.4%**  |  |  |
| **Republic of South Africa Government International Bond**  |  |  |
| 4.875% due 04/14/2026  | $200 | 199 |
| 5.750% due 09/30/2049  | 400 | 302 |
| 7.100% due 11/19/2036  | 2000 | 1986 |
| 7.950% due 11/19/2054  | 2000 | 1912 |
| 8.500% due 01/31/2037  | 103500 | 5089 |
| 8.875% due 02/28/2035  | 276500 | 14584 |
| 10.500% due 12/21/2026  | 539300 | 31605 |
| Total South Africa (Cost $59,368) |  | 55677 |
| **TURKEY 1.2%**  |  |  |
| **SOVEREIGN ISSUES 1.2%**  |  |  |
| **Turkiye Government International Bond** <br>7.625% due 05/15/2034 | $5000 | 5130 |
| Total Turkey (Cost $4,922) |  | 5130 |
| **UNITED ARAB EMIRATES 1.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Adnoc Murban Rsc Ltd.** <br>4.250% due 09/11/2029 | $2000 | 1992 |

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<br> Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Emirate of Abu Dhabi Government International Bond**  |  |  |
| 2.700% due 09/02/2070  | 4500 | 2433 |
| 3.875% due 04/16/2050  | 793 | 618 |
|  |  | 3051 |
| Total United Arab Emirates (Cost $7,366) |  | 5043 |
| **UNITED STATES 5.3%**  |  |  |
| **ASSET-BACKED SECURITIES 0.0%**  |  |  |
| **GSAA Home Equity Trust** <br>5.034% due 03/25/2037 •  | $170 | 67 |
| **Morgan Stanley Mortgage Loan Trust** <br>5.154% due 04/25/2037 •  | 196 | 51 |
|  |  | 118 |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Rio Oil Finance Trust**  |  |  |
| 8.200% due 04/06/2028  | 334 | 348 |
| 9.750% due 01/06/2027  | 1771 | 1834 |
|  |  | 2182 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.1%**  |  |  |
| **Banc of America Mortgage Trust** <br>5.056% due 02/25/2036 ~ | 4 | 3 |
| **Chase Mortgage Finance Trust** <br>4.669% due 03/25/2037 ~ | 11 | 10 |
| **Citigroup Mortgage Loan Trust**  |  |  |
| 5.483% due 07/25/2046 ~  | 7 | 7 |
| 6.756% due 03/25/2034 ~  | 1 | 1 |
| **Countrywide Home Loan Mortgage Pass-Through Trust**  |  |  |
| 4.478% due 10/20/2035 ~  | 2 | 2 |
| 4.860% due 09/25/2047 ~  | 4 | 4 |
| **Luminent Mortgage Trust** <br>4.794% due 12/25/2036 •  | 4 | 4 |
| **MASTR Adjustable Rate Mortgages Trust** <br>4.914% due 05/25/2037 •  | 80 | 31 |
| **Merrill Lynch Alternative Note Asset Trust**  |  |  |
| 4.563% due 06/25/2037 ~  | 74 | 34 |
| 5.034% due 03/25/2037 •  | 210 | 49 |
| **Merrill Lynch Mortgage-Backed Securities Trust** <br>4.365% due 04/25/2037 ~ | 14 | 13 |
| **Morgan Stanley Mortgage Loan Trust** <br>6.075% due 06/25/2036 ~ | 2 | 2 |
| **Sequoia Mortgage Trust** <br>4.731% due 01/20/2047 ~ | 5 | 4 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.413% due 05/25/2037 ~  | 17 | 14 |
| 3.716% due 04/25/2037 ~  | 10 | 9 |
| 3.775% due 01/25/2037 ~  | 14 | 12 |
| 4.252% due 12/25/2036 ~  | 30 | 28 |
| 4.351% due 12/25/2036 ~  | 9 | 8 |
| 4.823% due 09/25/2036 ~  | 13 | 11 |
|  |  | 246 |
| **U.S. TREASURY OBLIGATIONS 4.7%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.625% due 05/15/2054 (i) | 20000 | 19431 |
| Total United States (Cost $22,521) |  | 21977 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 2.0%**  |  |  |
| **MUTUAL FUNDS 0.2%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 4.380% (e) | 638130 | 638 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **U.S. TREASURY BILLS 1.8%**  |  |  |
| 4.316% due 07/03/2025 - 10/21/2025 (b)(c)(i) | $7283 | 7232 |

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<br> Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Short-Term Instruments (Cost $7,870) |  | 7870 |
| Total Investments in Securities (Cost $408,940) |  | 391715 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 7.9%**  |  |  |
| **SHORT-TERM INSTRUMENTS 7.9%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 7.9%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 3345641 | 32577 |
| Total Short-Term Instruments (Cost $32,572) |  | 32577 |
| Total Investments in Affiliates (Cost $32,572) |  | 32577 |
| Total Investments 102.4% (Cost $441,512) |  | $424292 |
| **Financial Derivative Instruments (g)(h) (3.0)**%(Cost or Premiums, net $(1570)) |  | (12437) |
| Other Assets and Liabilities, net 0.6% |  | 2343 |
| Net Assets 100.0% |  | $414198 |

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<br> Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(c)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(d)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(e)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(f)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Issuer Description | Issuer Description |  |  |  | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost |  | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Drillco Holding Lux SA | Drillco Holding Lux SA | Drillco Holding Lux SA | Drillco Holding Lux SA | Drillco Holding Lux SA |  |  |  | 06/08/2023 | 06/08/2023 | 2475 | 2475 | $ | 2537 | 0.61% |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **The average amount of borrowings outstanding during the period ended June 30, 2025 was $(1431) at a weighted average interest rate of 4.464%. 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 June 30, 2025 was $(1431) at a weighted average interest rate of 4.464%. 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 June 30, 2025 was $(1431) at a weighted average interest rate of 4.464%. 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 June 30, 2025 was $(1431) at a weighted average interest rate of 4.464%. 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 June 30, 2025 was $(1431) at a weighted average interest rate of 4.464%. 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 June 30, 2025 was $(1431) at a weighted average interest rate of 4.464%. 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 June 30, 2025 was $(1431) at a weighted average interest rate of 4.464%. 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 June 30, 2025 was $(1431) at a weighted average interest rate of 4.464%. 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 June 30, 2025 was $(1431) at a weighted average interest rate of 4.464%. 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 June 30, 2025 was $(1431) at a weighted average interest rate of 4.464%. 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 June 30, 2025 was $(1431) at a weighted average interest rate of 4.464%. 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 June 30, 2025 was $(1431) at a weighted average interest rate of 4.464%. 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 June 30, 2025 was $(1431) at a weighted average interest rate of 4.464%. 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 June 30, 2025 was $(1431) at a weighted average interest rate of 4.464%. 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 June 30, 2025 was $(1431) at a weighted average interest rate of 4.464%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** |
| **(g)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Canada Government 10-Year Bond September Futures  | Canada Government 10-Year Bond September Futures  | Canada Government 10-Year Bond September Futures  | Canada Government 10-Year Bond September Futures  | 09/2025 | 09/2025 | 124 | 124 | 11109 | $96 | 96 | 96 | 25 | 25 | 0 |
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 09/2025 | 09/2025 | 94 | 94 | 10246 | 111 | 111 | 111 | 12 | 12 | 0 |
| U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | 09/2025 | 09/2025 | 68 | 68 | 7625 | 129 | 129 | 129 | 21 | 21 | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **336** | **336** | **$** | **58** | **$** | **0** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(2)</sup> | Notional<br>Amount<sup>(2)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(3)</sup> | Market<br>Value<sup>(3)</sup> | Asset | Liability |
| CDX.iTraxx Asia Ex-Japan 43 5-Year Index  | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | $ | $2000 | 2000 | 15 | 9 | 9 | 24 | 24 | 1 | 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** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Fixed Rate | 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 | Asset | Liability |
| Pay | 9.760% | Maturity | 01/04/2027 | 01/04/2027 | BRL | BRL | 38500 | 0 | (513) | (513) | (513) | (513) | 8 | $0 |
| Pay | 10.145 | Maturity | 01/04/2027 | 01/04/2027 |  |  | 32100 | 0 | (633) | (633) | (633) | (633) | 7 | 0 |
| Pay | 10.231 | Maturity | 01/04/2027 | 01/04/2027 |  |  | 132400 | 0 | (2520) | (2520) | (2520) | (2520) | 27 | 0 |
| Pay | 12.198 | Maturity | 01/04/2027 | 01/04/2027 |  |  | 30000 | 0 | (162) | (162) | (162) | (162) | 6 | 0 |
| Pay | 12.350 | Maturity | 01/04/2027 | 01/04/2027 |  |  | 101000 | 0 | (444) | (444) | (444) | (444) | 20 | 0 |
| Pay | 13.927 | Maturity | 01/04/2027 | 01/04/2027 |  |  | 2000 | 0 | (1) | (1) | (1) | (1) | 0 | 0 |
| Pay | 13.291 | Maturity | 01/02/2029 | 01/02/2029 |  |  | 1000 | 0 | 2 | 2 | 2 | 2 | 1 | 0 |
| Pay | 7.750 | Lunar | 04/01/2030 | 04/01/2030 | MXN | MXN | 60000 | 3 | 7 | 7 | 10 | 10 | 9 | 0 |

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<br> Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | CAONREPO | CAONREPO | 3.500 | Semi-Annual | Semi-Annual | 06/01/2032 | CAD | 16500 |  | (345) |  | (232) |  | (577) |  | 0 | 0 |  | (25) |
|  |  |  |  |  |  |  |  |  |  | $(342) | (342) | $(4496) | (4496) | $(4838) | (4838) | $78 | 78 | 78 | $(25) | (25) |
| **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** | $**(327)** | **(327)** | $**(4487)** | **(4487)** | $**(4814)** | **(4814)** | $**79** | **79** | **79** | $**(25)** | **(25)** |
| **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $3,014 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 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. |
| <sup>(2)</sup> | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(3)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **(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** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 07/2025  | 07/2025  | 07/2025  | CAD | 15 | 15 | 15 | $ | $11 | 11 | 11 | 0 | 0 | 0 | 0 | $0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | CNH | 22474 | 22474 | 22474 |  | 3119 | 3119 | 3119 | 0 | 0 | 0 | 0 | (24) | (24) | (24) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | $ | $19082 | 19082 | 19082 | AUD | 29375 | 29375 | 29375 | 251 | 251 | 251 | 251 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 26 | 26 | 26 | CHF | 21 | 21 | 21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 722 | 722 | 722 | EUR | 616 | 616 | 616 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 3720 | 3720 | 3720 | NZD | 6181 | 6181 | 6181 | 48 | 48 | 48 | 48 | 0 | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | AUD | 29375 | 29375 | 29375 | $ | $19093 | 19093 | 19093 | 0 | 0 | 0 | 0 | (252) | (252) | (252) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | CHF | 20 | 20 | 20 |  | 26 | 26 | 26 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | CNH | 99527 | 99527 | 99527 |  | 13906 | 13906 | 13906 | 0 | 0 | 0 | 0 | (50) | (50) | (50) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | EUR | 616 | 616 | 616 |  | 723 | 723 | 723 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | NZD | 6181 | 6181 | 6181 |  | 3724 | 3724 | 3724 | 0 | 0 | 0 | 0 | (48) | (48) | (48) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | $ | $11 | 11 | 11 | CAD | 15 | 15 | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 07/2025  | 07/2025  | 07/2025  | AUD | 1701 | 1701 | 1701 | $ | $1108 | 1108 | 1108 | 0 | 0 | 0 | 0 | (12) | (12) | (12) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | EUR | 37137 | 37137 | 37137 |  | 42227 | 42227 | 42227 | 0 | 0 | 0 | 0 | (1519) | (1519) | (1519) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | IDR | 48358005 | 48358005 | 48358005 |  | 2964 | 2964 | 2964 | 0 | 0 | 0 | 0 | (18) | (18) | (18) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | KRW | 43713024 | 43713024 | 43713024 |  | 32067 | 32067 | 32067 | 0 | 0 | 0 | 0 | (266) | (266) | (266) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | PEN | 741 | 741 | 741 |  | 209 | 209 | 209 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | $ | $2677 | 2677 | 2677 | SGD | 3427 | 3427 | 3427 | 19 | 19 | 19 | 19 | 0 | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | CNH | 21782 | 21782 | 21782 | $ | $3045 | 3045 | 3045 | 0 | 0 | 0 | 0 | (10) | (10) | (10) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | SGD | 3419 | 3419 | 3419 |  | 2677 | 2677 | 2677 | 0 | 0 | 0 | 0 | (19) | (19) | (19) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | TWD | 1575 | 1575 | 1575 |  | 48 | 48 | 48 | 0 | 0 | 0 | 0 | (6) | (6) | (6) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | $ | $6057 | 6057 | 6057 | CNH | 43309 | 43309 | 43309 | 16 | 16 | 16 | 16 | 0 | 0 | 0 |
|  |  |  | 09/2025  | 09/2025  | 09/2025  | PEN | 10745 | 10745 | 10745 | $ | $2974 | 2974 | 2974 | 0 | 0 | 0 | 0 | (53) | (53) | (53) |
|  |  |  | 09/2025  | 09/2025  | 09/2025  | $ | $2828 | 2828 | 2828 | PEN | 10209 | 10209 | 10209 | 47 | 47 | 47 | 47 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 07/2025  | 07/2025  | 07/2025  | BRL | 14892 | 14892 | 14892 | $ | $2721 | 2721 | 2721 | 0 | 0 | 0 | 0 | (20) | (20) | (20) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | EUR | 205 | 205 | 205 |  | 237 | 237 | 237 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | IDR | 521319 | 521319 | 521319 |  | 32 | 32 | 32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | NOK | 4840 | 4840 | 4840 |  | 478 | 478 | 478 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | SEK | 7485 | 7485 | 7485 |  | 780 | 780 | 780 | 0 | 0 | 0 | 0 | (11) | (11) | (11) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | THB | 3762 | 3762 | 3762 |  | 114 | 114 | 114 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | TRY | 294111 | 294111 | 294111 |  | 7269 | 7269 | 7269 | 0 | 0 | 0 | 0 | (118) | (118) | (118) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | TWD | 394826 | 394826 | 394826 |  | 12147 | 12147 | 12147 | 0 | 0 | 0 | 0 | (1447) | (1447) | (1447) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | $ | $2660 | 2660 | 2660 | BRL | 14892 | 14892 | 14892 | 81 | 81 | 81 | 81 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 7251 | 7251 | 7251 | IDR | 118322417 | 118322417 | 118322417 | 45 | 45 | 45 | 45 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 64 | 64 | 64 | KRW | 86619 | 86619 | 86619 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 3150 | 3150 | 3150 | THB | 103515 | 103515 | 103515 | 38 | 38 | 38 | 38 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 1123 | 1123 | 1123 | TWD | 33419 | 33419 | 33419 | 27 | 27 | 27 | 27 | 0 | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | CNH | 68223 | 68223 | 68223 | $ | $9551 | 9551 | 9551 | 0 | 0 | 0 | 0 | (15) | (15) | (15) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | PEN | 10403 | 10403 | 10403 |  | 2806 | 2806 | 2806 | 0 | 0 | 0 | 0 | (126) | (126) | (126) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | TWD | 407151 | 407151 | 407151 |  | 12491 | 12491 | 12491 | 0 | 0 | 0 | 0 | (1663) | (1663) | (1663) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | $ | $6112 | 6112 | 6112 | CNH | 43596 | 43596 | 43596 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 08/2025  |  | 1364 | 1364 | 1364 | INR | 118583 | 118583 | 118583 | 16 | 16 | 16 | 16 | 0 | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 08/2025  |  | 3 | 3 | 3 | JPY | 399 | 399 | 399 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 08/2025  |  | 470 | 470 | 470 | TWD | 15393 | 15393 | 15393 | 65 | 65 | 65 | 65 | 0 | 0 | 0 |
|  |  |  | 09/2025  | 09/2025  | 09/2025  |  | 1715 | 1715 | 1715 | PEN | 6210 | 6210 | 6210 | 35 | 35 | 35 | 35 | 0 | 0 | 0 |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | BRL | 25100 | 25100 | 25100 | $ | $4191 | 4191 | 4191 | 0 | 0 | 0 | 0 | (323) | (323) | (323) |
|  |  |  | 10/2025  | 10/2025  | 10/2025  | $ | $776 | 776 | 776 | BRL | 4800 | 4800 | 4800 | 87 | 87 | 87 | 87 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 07/2025  | 07/2025  | 07/2025  | AUD | 430 | 430 | 430 | $ | $278 | 278 | 278 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | GBP | 2344 | 2344 | 2344 |  | 3189 | 3189 | 3189 | 0 | 0 | 0 | 0 | (28) | (28) | (28) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | IDR | 43671827 | 43671827 | 43671827 |  | 2674 | 2674 | 2674 | 0 | 0 | 0 | 0 | (19) | (19) | (19) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | ILS | 24500 | 24500 | 24500 |  | 7037 | 7037 | 7037 | 0 | 0 | 0 | 0 | (237) | (237) | (237) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | KRW | 133015 | 133015 | 133015 |  | 97 | 97 | 97 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | NOK | 3133 | 3133 | 3133 |  | 308 | 308 | 308 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | TRY | 660 | 660 | 660 |  | 16 | 16 | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | $ | $382 | 382 | 382 | EUR | 338 | 338 | 338 | 16 | 16 | 16 | 16 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 1538 | 1538 | 1538 | GBP | 1142 | 1142 | 1142 | 29 | 29 | 29 | 29 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 3489 | 3489 | 3489 | ILS | 11781 | 11781 | 11781 | 8 | 8 | 8 | 8 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 42 | 42 | 42 | JPY | 6001 | 6001 | 6001 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 2965 | 2965 | 2965 | KRW | 4048188 | 4048188 | 4048188 | 29 | 29 | 29 | 29 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 421 | 421 | 421 | PLN | 1576 | 1576 | 1576 | 17 | 17 | 17 | 17 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 43620 | 43620 | 43620 | TRY | 1792637 | 1792637 | 1792637 | 831 | 831 | 831 | 831 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 6020 | 6020 | 6020 | ZAR | 108799 | 108799 | 108799 | 116 | 116 | 116 | 116 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 07/2025  | 252278 | $13944 | 0 | (284) |
|  | 08/2025  | $3190 | 2344 | 28 | 0 |
|  | 08/2025  | 26451 | 1095748 | 301 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 07/2025  | 20362 | $5539 | 0 | (207) |
|  | 09/2025  | 13261 | 3620 | 0 | (115) |
|  | 09/2025  | $484 | 1757 | 11 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 07/2025  | 162785 | $29830 | 0 | (132) |
|  | 07/2025  | 30356 | 22166 | 0 | (125) |
|  | 07/2025  | 11550021 | 8404 | 0 | (140) |
|  | 07/2025  | 196869 | 5920 | 0 | (142) |
|  | 07/2025  | 624975 | 19210 | 0 | (2308) |
|  | 07/2025  | $28460 | 162785 | 1502 | 0 |
|  | 07/2025  | 5060 | 4361 | 77 | 0 |
|  | 07/2025  | 3437 | 55968279 | 14 | 0 |
|  | 07/2025  | 5641 | 7724418 | 72 | 0 |
|  | 07/2025  | 3287 | 11654 | 6 | (3) |
|  | 07/2025  | 408 | 13622 | 11 | 0 |
|  | 07/2025  | 8140 | 241487 | 175 | 0 |
|  | 08/2025  | 7155 | $995 | 0 | (8) |
|  | 08/2025  | 3719 | 999 | 0 | (50) |
|  | 08/2025  | 841749 | 25814 | 0 | (3449) |
|  | 08/2025  | $199 | 1442 | 3 | 0 |
|  | 08/2025  | 20481 | 1763443 | 59 | (10) |
|  | 08/2025  | 841 | 3030 | 13 | 0 |
|  | 09/2025  | 8570 | $447 | 0 | (6) |
|  | 09/2025  | 5564 | 1508 | 0 | (59) |
|  | 09/2025  | $583 | 2102 | 9 | 0 |
|  | 01/2026  | 10972 | $3083 | 3 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 07/2025  | 838 | 540 | 0 | (12) |
|  | 07/2025  | 11898 | 3433 | 0 | (100) |
|  | 07/2025  | 354541 | 260 | 0 | (2) |
|  | 07/2025  | 353 | 274 | 0 | (4) |
|  | 07/2025  | $40527 | 34934 | 624 | 0 |
|  | 07/2025  | 245 | 3983618 | 1 | 0 |
|  | 07/2025  | 1734 | 51532 | 40 | 0 |
|  | 08/2025  | 111 | $16 | 0 | 0 |
|  | 08/2025  | 34857 | 40527 | 0 | (623) |
|  | 08/2025  | $9519 | 819620 | 23 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 07/2025  | 26406 | 17037 | 0 | (342) |
|  | 07/2025  | 281583 | 51599 | 0 | (228) |
|  | 07/2025  | 15594 | 18937 | 0 | (717) |
|  | 07/2025  | 11432 | 1591 | 0 | (8) |
|  | 07/2025  | 1890844 | 12990 | 0 | (140) |
|  | 07/2025  | 79710 | 21240 | 0 | (1247) |
|  | 07/2025  | 4015 | 419 | 0 | (5) |
|  | 07/2025  | 892 | 693 | 0 | (8) |
|  | 07/2025  | $49250 | 281583 | 2577 | 0 |
|  | 07/2025  | 19923 | 15950 | 179 | 0 |
|  | 07/2025  | 23079 | 3310932 | 0 | (88) |
|  | 07/2025  | 6850 | 25261 | 156 | 0 |
|  | 07/2025  | 2152 | 2744 | 6 | 0 |
|  | 08/2025  | 15884 | $19923 | 0 | (179) |
|  | 08/2025  | 72007 | 10063 | 0 | (35) |
|  | 08/2025  | 3159 | 2483 | 0 | (8) |
|  | 08/2025  | $2263 | 195692 | 15 | 0 |
|  | 08/2025  | 12990 | 1883890 | 140 | 0 |
|  | 08/2025  | 20416 | 601770 | 504 | 0 |
|  | 09/2025  | 8640 | 168244 | 253 | 0 |
|  | 09/2025  | 0 | 1 | 0 | 0 |
|  | 11/2025  | 4776 | $1301 | 0 | (42) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 07/2025  | 472042 | 85129 | 0 | (1753) |
|  | 07/2025  | 2550847 | 156 | 0 | (1) |
|  | 07/2025  | 75418 | 2319 | 0 | (278) |
|  | 07/2025  | $86501 | 472042 | 382 | 0 |
|  | 07/2025  | 813 | 13250426 | 4 | 0 |
|  | 07/2025  | 836 | 1065 | 2 | 0 |
|  | 07/2025  | 1566 | 28312 | 31 | 0 |
|  | 07/2025  | 702 | $39 | 0 | (1) |
|  | 08/2025  | 1063 | 836 | 0 | (2) |
|  | 09/2025  | $85129 | 479368 | 1753 | 0 |
|  | 10/2025  | 29500 | $4861 | 0 | (445) |
|  | 10/2025  | $4116 | 24900 | 362 | 0 |
|  | 12/2025  | 5024 | 97261 | 65 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 07/2025  | 1217 | 11515 | 0 | 0 |
|  | 08/2025  | 11490 | $1217 | 0 | 0 |
|  | 08/2025  | $7401 | 235798 | 796 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 07/2025  | 13376 | $2451 | 0 | (11) |
|  | 07/2025  | 354 | 432 | 0 | (14) |
|  | 07/2025  | 21660 | 3001 | 0 | (28) |
|  | 07/2025  | 5321 | 3173 | 0 | (70) |
|  | 07/2025  | 23624 | 18392 | 0 | (188) |
|  | 07/2025  | 399213 | 12273 | 0 | (1472) |
|  | 07/2025  | $2286 | 13376 | 176 | 0 |
|  | 07/2025  | 4082 | 5559719 | 30 | 0 |
|  | 07/2025  | 16836 | 62499 | 498 | 0 |
|  | 07/2025  | 1753 | 2244 | 12 | 0 |

---

------

<br> Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 07/2025  | 1146 | 34033 |  | 26 |  | 0 |
|  | 07/2025  | 96141 | $5380 |  | 0 |  | (42) |
|  | 08/2025  | 20450 | 3581 |  | 0 |  | (154) |
|  | 08/2025  | 93480 | 13049 |  | 0 |  | (59) |
|  | 08/2025  | 2239 | 1753 |  | 0 |  | (13) |
|  | 08/2025  | 400763 | 12285 |  | 0 |  | (1647) |
|  | 08/2025  | $6091 | 43536 |  | 14 |  | 0 |
|  | 08/2025  | 2933 | 2496 |  | 14 |  | 0 |
|  | 08/2025  | 1525 | 132258 |  | 14 |  | 0 |
|  | 10/2025  | 412 | 2600 |  | 56 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 07/2025  | 40267 | $29318 |  | 0 |  | (252) |
|  | 07/2025  | 22 | 27 |  | 0 |  | (1) |
|  | 07/2025  | 10384 | 1441 |  | 0 |  | (11) |
|  | 07/2025  | 616 | 722 |  | 0 |  | (3) |
|  | 07/2025  | 207827 | 13 |  | 0 |  | 0 |
|  | 07/2025  | 297 | 177 |  | 0 |  | (4) |
|  | 07/2025  | 56753 | 44239 |  | 0 |  | (396) |
|  | 07/2025  | 98825 | 2986 |  | 0 |  | (57) |
|  | 07/2025  | 237644 | 7292 |  | 0 |  | (890) |
|  | 07/2025  | $51395 | 70648 |  | 485 |  | 0 |
|  | 07/2025  | 836 | 13580016 |  | 2 |  | 0 |
|  | 07/2025  | 1011 | 145234 |  | 0 |  | (2) |
|  | 07/2025  | 3234 | 12110 |  | 125 |  | 0 |
|  | 07/2025  | 46247 | 59807 |  | 789 |  | 0 |
|  | 07/2025  | 1472 | 48384 |  | 18 |  | 0 |
|  | 07/2025  | 82 | 2431 |  | 2 |  | 0 |
|  | 08/2025  | 70530 | $51395 |  | 0 |  | (486) |
|  | 08/2025  | 36471 | 5074 |  | 0 |  | (40) |
|  | 08/2025  | 59670 | 46247 |  | 0 |  | (799) |
|  | 08/2025  | 314718 | 9688 |  | 0 |  | (1253) |
|  | 08/2025  | $8017 | 57545 |  | 53 |  | 0 |
|  | 08/2025  | 725 | 617 |  | 3 |  | 0 |
|  | 08/2025  | 15 | 2124 |  | 0 |  | 0 |
|  | 08/2025  | 3210 | 104330 |  | 417 |  | 0 |
|  | 09/2025  | 4425 | 85190 |  | 78 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 07/2025  | 635850 | $4363 |  | 0 |  | (53) |
|  | 07/2025  | $518 | 74793 |  | 2 |  | 0 |
|  | 07/2025  | 968 | 9767 |  | 1 |  | 0 |
|  | 07/2025  | 36 | 132 |  | 1 |  | 0 |
|  | 08/2025  | 73394 | $10252 |  | 0 |  | (40) |
|  | 08/2025  | 9765 | 968 |  | 0 |  | (1) |
|  | 08/2025  | $4363 | 633512 |  | 53 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 07/2025  | 9729 | 158590931 |  | 50 |  | 0 |
|  | 08/2025  | 16 | 673 |  | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RYL | 08/2025  | 15214 | 109287 |  | 111 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 07/2025  | 44092703 | $2702 |  | 0 |  | (14) |
|  | 07/2025  | 181 | 52 |  | 0 |  | (2) |
|  | 07/2025  | 7083 | 49 |  | 0 |  | 0 |
|  | 07/2025  | 563 | 340 |  | 0 |  | (3) |
|  | 07/2025  | $3782 | 61623469 |  | 18 |  | 0 |
|  | 07/2025  | 9235 | 11912 |  | 133 |  | 0 |
|  | 07/2025  | 31978 | 941650 |  | 443 |  | 0 |
|  | 08/2025  | 126446 | $17701 |  | 0 |  | (30) |
|  | 08/2025  | 11885 | 9235 |  | 0 |  | (135) |
|  | 08/2025  | 134058 | 4109 |  | 0 |  | (552) |
|  | 08/2025  | $2538 | 18503 |  | 57 |  | 0 |
|  | 08/2025  | 3985 | 342111 |  | 0 |  | (2) |
|  | 08/2025  | 49 | 7057 |  | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 07/2025  | 552 | $636 |  | 0 |  | (15) |
|  | 07/2025  | 1049453 | 7270 |  | 0 |  | (17) |
|  | 07/2025  | $101 | 1017 |  | 0 |  | 0 |
|  | 08/2025  | 1017 | $101 |  | 0 |  | 0 |
|  | 08/2025  | $9 | 790 |  | 0 |  | 0 |
|  | 08/2025  | 7270 | 1045602 |  | 18 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | 07/2025  | 1628 | 1202 |  | 22 |  | 0 |
|  | 12/2025  | 5591 | $1512 |  | 0 |  | (59) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | 07/2025  | 43896451 | 2705 |  | 0 |  | (2) |
|  | 07/2025  | 1800 | 502 |  | 0 |  | (33) |
|  | 07/2025  | 3988653 | 2941 |  | 0 |  | (9) |
|  | 07/2025  | 2811 | 277 |  | 0 |  | (2) |
|  | 07/2025  | 15738 | 474 |  | 0 |  | (11) |
|  | 07/2025  | $1060 | 991824 |  | 5 |  | 0 |
|  | 07/2025  | 2705 | 43885009 |  | 0 |  | (2) |
|  | 07/2025  | 337 | 48801 |  | 2 |  | 0 |
|  | 07/2025  | 2941 | 3986725 |  | 8 |  | 0 |
|  | 09/2025  | 182 | 3519 |  | 5 |  | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**15764** | **15764** | $**(28487)** | **(28487)** |

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------

<br> Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Description | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> |  | Cost | Cost | Market<br>Value | Market<br>Value |
| BPS | BPS | BPS | Put - OTC EUR versus USD  | Put - OTC EUR versus USD  | Put - OTC EUR versus USD  | Put - OTC EUR versus USD  | 1.110 | 11/26/2025 | 59380 | $ | 250 | 250 | $171 | 171 |
| BRC | BRC | BRC | Call - OTC USD versus SEK  | Call - OTC USD versus SEK  | Call - OTC USD versus SEK  | Call - OTC USD versus SEK  | 10.200 | 11/26/2025 | 18840 |  | 118 | 118 | 98 | 98 |
| GLM | GLM | GLM | Put - OTC EUR versus USD  | Put - OTC EUR versus USD  | Put - OTC EUR versus USD  | Put - OTC EUR versus USD  | 1.105 | 12/17/2025 | 4692 |  | 563 | 563 | 399 | 399 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | **931** | **931** | $**668** | **668** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **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 - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BOA | BOA | Chile Government International Bond  | Chile Government International Bond  | 1.000% | Quarterly | 12/20/2025 | 0.152% | $6000 | $142 | 142 | (116) | $26 | 26 | $0 |
|  |  | South Africa Government International Bond  | South Africa Government International Bond  | 1.000 | Quarterly | 12/20/2026 | 0.750 | 400 | (18) | (18) | 20 | 2 | 2 | 0 |
| BPS | BPS | Colombia Government International Bond  | Colombia Government International Bond  | 1.000 | Quarterly | 06/20/2027 | 1.163 | 2800 | (134) | (134) | 126 | 0 | 0 | (8) |
|  |  | Colombia Government International Bond  | Colombia Government International Bond  | 1.000 | Quarterly | 12/20/2027 | 1.337 | 700 | (62) | (62) | 57 | 0 | 0 | (5) |
|  |  | Mexico Government International Bond  | Mexico Government International Bond  | 1.000 | Quarterly | 06/20/2028 | 0.674 | 3000 | (31) | (31) | 59 | 28 | 28 | 0 |
| BRC | BRC | Chile Government International Bond  | Chile Government International Bond  | 1.000 | Quarterly | 12/20/2025 | 0.152 | 5700 | 136 | 136 | (111) | 25 | 25 | 0 |
|  |  | Colombia Government International Bond  | Colombia Government International Bond  | 1.000 | Quarterly | 12/20/2026 | 1.050 | 2110 | (100) | (100) | 99 | 0 | 0 | (1) |
| CBK | CBK | Brazil Government International Bond  | Brazil Government International Bond  | 1.000 | Quarterly | 06/20/2035 | 2.455 | 5000 | (717) | (717) | 169 | 0 | 0 | (548) |
|  |  | Colombia Government International Bond  | Colombia Government International Bond  | 1.000 | Quarterly | 12/20/2026 | 1.050 | 2300 | (116) | (116) | 115 | 0 | 0 | (1) |
| GST | GST | Colombia Government International Bond  | Colombia Government International Bond  | 1.000 | Quarterly | 12/20/2027 | 1.337 | 3500 | (312) | (312) | 285 | 0 | 0 | (27) |
| MYC | MYC | Colombia Government International Bond  | Colombia Government International Bond  | 1.000 | Quarterly | 12/20/2027 | 1.337 | 4500 | (401) | (401) | 367 | 0 | 0 | (34) |
|  |  | South Africa Government International Bond  | South Africa Government International Bond  | 1.000 | Quarterly | 12/20/2026 | 0.750 | 12700 | (561) | (561) | 610 | 49 | 49 | 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** | $**(2174)** | **(2174)** | **1680** | $**130** | **130** | $**(624)** |
| **(i)** | **Securities with an aggregate market value of $18,004 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $18,004 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $18,004 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $18,004 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $18,004 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $18,004 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $18,004 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $18,004 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $18,004 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $18,004 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $18,004 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $18,004 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $18,004 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $18,004 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on 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. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |  |

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<br> Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | |
|:---|:---|:---|:---|
| **Investments** **in Securities, at Value** | **Investments** **in Securities, at Value** | **Investments** **in Securities, at Value** | **Investments** **in Securities, at Value** |
| Brazil | Brazil | Brazil | Brazil |
| Corporate Bonds & Notes | $0 | $3408 | $3408 |
| Sovereign Issues | 0 | 9803 | 9803 |
| Chile | Chile | Chile | Chile |
| Corporate Bonds & Notes | 0 | 2099 | 2099 |
| Sovereign Issues | 0 | 4645 | 4645 |
| Colombia | Colombia | Colombia | Colombia |
| Corporate Bonds & Notes | 0 | 2607 | 2607 |
| Sovereign Issues | 0 | 21799 | 21799 |
| Dominican Republic | Dominican Republic | Dominican Republic | Dominican Republic |
| Sovereign Issues | 0 | 2517 | 2517 |
| India | India | India | India |
| Corporate Bonds & Notes | 0 | 1798 | 1798 |
| Indonesia | Indonesia | Indonesia | Indonesia |
| Corporate Bonds & Notes | 0 | 186 | 186 |
| Sovereign Issues | 0 | 10490 | 10490 |
| Israel | Israel | Israel | Israel |
| Sovereign Issues | 0 | 14133 | 14133 |
| Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast |
| Sovereign Issues | 0 | 4827 | 4827 |
| Luxembourg | Luxembourg | Luxembourg | Luxembourg |
| Common Stocks | 0 | 0 | 3536 |
| Corporate Bonds & Notes | 0 | 17959 | 17959 |
| Malaysia | Malaysia | Malaysia | Malaysia |
| Corporate Bonds & Notes | 0 | 3470 | 3470 |
| Mexico | Mexico | Mexico | Mexico |
| Corporate Bonds & Notes | 0 | 5939 | 5939 |
| Sovereign Issues | 0 | 45829 | 45829 |
| Paraguay | Paraguay | Paraguay | Paraguay |
| Sovereign Issues | 0 | 996 | 996 |
| Peru | Peru | Peru | Peru |
| Sovereign Issues | 0 | 42547 | 42547 |
| Poland | Poland | Poland | Poland |
| Sovereign Issues | 0 | 2012 | 2012 |
| Qatar | Qatar | Qatar | Qatar |
| Corporate Bonds & Notes | 0 | 614 | 614 |
| Sovereign Issues | 0 | 12915 | 12915 |
| Romania | Romania | Romania | Romania |
| Sovereign Issues | 0 | 20715 | 20715 |
| Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia |
| Corporate Bonds & Notes | 0 | 9514 | 9514 |
| Sovereign Issues | 0 | 32098 | 32098 |
| Serbia | Serbia | Serbia | Serbia |
| Sovereign Issues | 0 | 19562 | 19562 |
| South Africa | South Africa | South Africa | South Africa |
| Sovereign Issues | 0 | 55677 | 55677 |
| Turkey | Turkey | Turkey | Turkey |
| Sovereign Issues | 0 | 5130 | 5130 |
| United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates |
| Corporate Bonds & Notes | 0 | 1992 | 1992 |
| Sovereign Issues | 0 | 3051 | 3051 |
| United States | United States | United States | United States |
| Asset-Backed Securities | 0 | 118 | 118 |
| Corporate Bonds & Notes | 0 | 2182 | 2182 |
| Non-Agency Mortgage-Backed Securities | 0 | 246 | 246 |
| U.S. Treasury Obligations | 0 | 19431 | 19431 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | 0 | 638 | 638 |
| U.S. Treasury Bills | 0 | 7232 | 7232 |
|  | $0 | $388179 | $391715 |
| **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 |
| Central Funds Used for Cash Management Purposes | $32577 | $0 | $32577 |
| Total Investments | $32577 | $388179 | $424292 |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 25 | 112 | 137 |
| Over the counter | 0 | 16562 | 16562 |
|  | $25 | $16674 | $16699 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | 0 | (25) | (25) |
| Over the counter | 0 | (29111) | (29111) |
|  | $0 | $(29136) | $(29136) |
| Total Financial Derivative Instruments | $25 | $(12462) | $(12437) |
| Totals | $32602 | $375717 | $411855 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

---

------

<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio June 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 98.2% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 6.9%**  |  |  |
| **B&G Foods, Inc.**<br>7.827% (TSFR1M + 3.500%) due 10/10/2029 ~ | $323 | $296 |
| **Barnes Group, Inc.**<br>7.327% (TSFR1M + 3.000%) due 01/27/2032 ~ | 150 | 150 |
| **Bausch & Lomb Corp.**<br>8.571% (TSFR1M + 4.250%) due 06/26/2030 ~ | 25 | 25 |
| **Clydesdale Acquisition Holdings, Inc.**  |  |  |
| TBD% (TSFR1M + 3.250%) due 04/01/2032 ~µ | 3 | 3 |
| TBD% (TSFR1M + 3.250%) due 04/01/2032 ~ | 172 | 171 |
| **Cotiviti Corp.**<br>7.074% (TSFR1M + 2.750%) due 05/01/2031 ~ | 247 | 246 |
| **Envision Healthcare Corp.**  |  |  |
| 11.110% (TSFR3M + 6.750%) due 07/20/2026 « | 1056 | 1056 |
| 12.235% (TSFR3M + 7.875%) due 11/03/2028 « | 5021 | 5172 |
| **Forward Air Corp.**<br>8.780% (TSFR3M + 4.500%) due 12/19/2030 ~ | 85 | 84 |
| **GFL Environmental, Inc.**<br>6.824% (TSFR3M + 2.500%) due 03/03/2032 ~ | 100 | 100 |
| **Global Medical Response, Inc. (9.079% Cash and 0.750% PIK)**<br>9.829% due 10/31/2028 (b) | 227 | 227 |
| **Gray Television, Inc.**<br>9.574% (TSFR1M + 5.250%) due 06/04/2029 ~ | 99 | 99 |
| **LifePoint Health, Inc.**<br>7.820% (TSFR3M + 3.500%) due 05/19/2031 ~ | 99 | 98 |
| **Medline Borrower LP**<br>6.577% (TSFR1M + 2.250%) due 10/23/2028 ~ | 527 | 528 |
| **Mercury Aggregator LP (13.500% PIK)**<br>13.500% due 04/03/2026 «(b) | 132 | 90 |
| **Mercury Aggregator LP (3.500% PIK)**<br>3.500% due 04/03/2026 «(b) | 73 | 49 |
| **Scientific Games Holdings LP**<br>7.285% (TSFR3M + 3.000%) due 04/04/2029 ~ | 99 | 99 |
| **Sotera Health Holdings LLC**<br>7.546% (TSFR3M + 3.250%) due 05/30/2031 ~ | 99 | 100 |
| **Stepstone Group MidCo 2 GmbH**<br>8.608% - 8.651% (TSFR3M + 4.500%) due 12/19/2031 | 550 | 535 |
| **TransDigm, Inc.**  |  |  |
| 6.796% (TSFR3M + 2.500%) due 02/28/2031 ~ | 496 | 498 |
| 7.046% (TSFR3M + 2.750%) due 03/22/2030 ~ | 296 | 298 |
| **Voyager Parent LLC**<br>TBD% due 05/09/2032 | 50 | 50 |
| Total Loan Participations and Assignments (Cost $9,809) |  | 9974 |
| **CORPORATE BONDS & NOTES 81.5%**  |  |  |
| **BANKING & FINANCE 13.3%**  |  |  |
| **Acrisure LLC** <br>6.750% due 07/01/2032 | 150 | 152 |
| **Alliant Holdings Intermediate LLC**  |  |  |
| 6.500% due 10/01/2031  | 525 | 535 |
| 7.000% due 01/15/2031  | 350 | 362 |
| **Allied Universal Holdco LLC** <br>6.875% due 06/15/2030 | 250 | 254 |
| **AmWINS Group, Inc.**  |  |  |
| 4.875% due 06/30/2029  | 75 | 73 |
| 6.375% due 02/15/2029  | 325 | 331 |
| **Baldwin Insurance Group Holdings LLC** <br>7.125% due 05/15/2031 | 100 | 104 |
| **Banca Monte dei Paschi di Siena SpA** <br>8.500% due 09/10/2030 •  | 400 | 476 |
| **BGC Group, Inc.** <br>8.000% due 05/25/2028 | $100 | 107 |
| **BNP Paribas SA** <br>8.500% due 08/14/2028 •(f)(g) | 200 | 212 |
| **Bread Financial Holdings, Inc.** <br>8.375% due 06/15/2035 •  | 25 | 25 |
| **Burford Capital Global Finance LLC** <br>6.250% due 04/15/2028 | 750 | 744 |
| **Clue Opco LLC** <br>9.500% due 10/15/2031 | 125 | 133 |
| **Credit Acceptance Corp.**  |  |  |
| 6.625% due 03/15/2030  | 25 | 25 |

---

------

<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 9.250% due 12/15/2028  | 125 | 132 |
| **Encore Capital Group, Inc.**  |  |  |
| 8.500% due 05/15/2030  | 350 | 376 |
| 9.250% due 04/01/2029  | 100 | 106 |
| **Focus Financial Partners LLC** <br>6.750% due 09/15/2031 | 125 | 128 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 4.271% due 01/09/2027  | 25 | 25 |
| 5.918% due 03/20/2028  | 50 | 51 |
| 6.800% due 05/12/2028  | 50 | 52 |
| **Fortress Transportation & Infrastructure Investors LLC** <br>7.000% due 05/01/2031 | 450 | 466 |
| **Freedom Mortgage Corp.** <br>6.625% due 01/15/2027 | 800 | 802 |
| **Freedom Mortgage Holdings LLC**  |  |  |
| 8.375% due 04/01/2032  | 50 | 51 |
| 9.125% due 05/15/2031  | 225 | 232 |
| 9.250% due 02/01/2029  | 125 | 130 |
| **GGAM Finance Ltd.** <br>6.875% due 04/15/2029 | 225 | 233 |
| **Global Atlantic Fin Co.** <br>4.700% due 10/15/2051 •  | 125 | 123 |
| **HUB International Ltd.** <br>7.250% due 06/15/2030 | 325 | 340 |
| **Hudson Pacific Properties LP** <br>5.950% due 02/15/2028 | 200 | 195 |
| **Icahn Enterprises LP**  |  |  |
| 6.250% due 05/15/2026  | 180 | 179 |
| 10.000% due 11/15/2029  | 175 | 173 |
| **Intesa Sanpaolo SpA** <br>4.198% due 06/01/2032 •  | 400 | 368 |
| **Iron Mountain Information Management Services, Inc.** <br>5.000% due 07/15/2032 | 250 | 240 |
| **Iron Mountain, Inc.**  |  |  |
| 4.500% due 02/15/2031  | 75 | 72 |
| 4.875% due 09/15/2027  | 175 | 174 |
| 5.250% due 07/15/2030  | 50 | 49 |
| 5.625% due 07/15/2032  | 175 | 174 |
| 6.250% due 01/15/2033  | 400 | 412 |
| **Jane Street Group**  |  |  |
| 4.500% due 11/15/2029  | 500 | 485 |
| 6.125% due 11/01/2032  | 150 | 152 |
| 6.750% due 05/01/2033  | 175 | 180 |
| 7.125% due 04/30/2031  | 275 | 290 |
| **Jefferson Capital Holdings LLC** <br>9.500% due 02/15/2029 | 100 | 106 |
| **Ladder Capital Finance Holdings LLLP**  |  |  |
| 4.750% due 06/15/2029  | 75 | 73 |
| 7.000% due 07/15/2031  | 150 | 157 |
| **MPT Operating Partnership LP** <br>8.500% due 02/15/2032 | 175 | 183 |
| **Nationstar Mortgage Holdings, Inc.**  |  |  |
| 5.125% due 12/15/2030  | 400 | 407 |
| 6.500% due 08/01/2029  | 250 | 256 |
| **Navient Corp.**  |  |  |
| 5.000% due 03/15/2027  | 200 | 199 |
| 5.500% due 03/15/2029  | 150 | 147 |
| 6.750% due 06/15/2026  | 200 | 203 |
| **Newmark Group, Inc.** <br>7.500% due 01/12/2029 | 650 | 688 |
| **Nissan Motor Acceptance Co. LLC**  |  |  |
| 1.850% due 09/16/2026  | 50 | 48 |
| 6.950% due 09/15/2026  | 75 | 76 |
| 7.050% due 09/15/2028  | 200 | 204 |
| **OneMain Finance Corp.**  |  |  |
| 6.625% due 05/15/2029  | 150 | 154 |
| 7.125% due 11/15/2031  | 100 | 104 |
| 7.500% due 05/15/2031  | 150 | 157 |
| 9.000% due 01/15/2029  | 1275 | 1338 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (e) | 150 | 107 |
| **Panther Escrow Issuer LLC** <br>7.125% due 06/01/2031 | 675 | 702 |
| **Park Intermediate Holdings LLC** <br>4.875% due 05/15/2029 | 225 | 218 |
| **Pebblebrook Hotel LP** <br>6.375% due 10/15/2029 | 150 | 151 |
| **PennyMac Financial Services, Inc.**  |  |  |
| 5.750% due 09/15/2031  | 500 | 491 |
| 6.875% due 05/15/2032  | 150 | 153 |
| 7.125% due 11/15/2030  | 275 | 285 |
| 7.875% due 12/15/2029  | 100 | 106 |
| **PRA Group, Inc.** <br>8.875% due 01/31/2030 | 125 | 129 |
| **Rfna LP** <br>7.875% due 02/15/2030 | 75 | 77 |

---

------

<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **RHP** **Hotel Properties LP**  |  |  |
| 6.500% due 04/01/2032  | 350 | 360 |
| 6.500% due 06/15/2033  | 25 | 26 |
| **RLJ Lodging Trust LP**  |  |  |
| 3.750% due 07/01/2026  | 50 | 50 |
| 4.000% due 09/15/2029  | 175 | 163 |
| **Rocket Cos., Inc.** <br>6.125% due 08/01/2030 | 575 | 586 |
| **SLM Corp.** <br>6.500% due 01/31/2030 | 25 | 26 |
| **Starwood Property Trust, Inc.**  |  |  |
| 4.375% due 01/15/2027  | 25 | 25 |
| 6.000% due 04/15/2030  | 75 | 76 |
| 6.500% due 07/01/2030  | 125 | 129 |
| 6.500% due 10/15/2030  | 75 | 78 |
| **Stonex Escrow Issuer LLC** <br>6.875% due 07/15/2032 (a) | 100 | 101 |
| **UBS Group AG** <br>9.250% due 11/13/2028 •(f)(g) | 100 | 109 |
| **USI, Inc.** <br>7.500% due 01/15/2032 | 226 | 239 |
| **VFH Parent LLC** <br>7.500% due 06/15/2031 | 150 | 158 |
| **Vornado Realty LP** <br>3.400% due 06/01/2031 | 100 | 89 |
| **Voyager Aviation Holdings LLC** <br>8.500% due 05/09/2026 ^(c) | 132 | 0 |
| **XHR LP** <br>6.625% due 05/15/2030 | 75 | 76 |
|  |  | 19133 |
| **INDUSTRIALS 63.6%**  |  |  |
| **AAR Escrow Issuer LLC** <br>6.750% due 03/15/2029 | 100 | 104 |
| **Acadia Healthcare Co., Inc.** <br>5.000% due 04/15/2029 | 25 | 24 |
| **ADT Security Corp.** <br>4.125% due 08/01/2029 | 400 | 387 |
| **Advance Auto Parts, Inc.**  |  |  |
| 3.500% due 03/15/2032  | 200 | 175 |
| 3.900% due 04/15/2030  | 25 | 23 |
| **Advantage Sales & Marketing, Inc.** <br>6.500% due 11/15/2028 | 150 | 117 |
| **Affinity Interactive** <br>6.875% due 12/15/2027 | 40 | 25 |
| **Ahlstrom Holding Oyj** <br>4.875% due 02/04/2028 | 250 | 239 |
| **Albertsons Cos., Inc.**  |  |  |
| 4.625% due 01/15/2027  | 375 | 373 |
| 4.875% due 02/15/2030  | 325 | 320 |
| **Albion Financing SARL** <br>7.000% due 05/21/2030 | 775 | 793 |
| **Allied Universal Holdco LLC** <br>7.875% due 02/15/2031 | 300 | 314 |
| **Altice France SA**  |  |  |
| 5.500% due 10/15/2029  | 1000 | 830 |
| 8.125% due 02/01/2027  | 125 | 113 |
| **Alumina Pty. Ltd.** <br>6.125% due 03/15/2030 | 275 | 279 |
| **AMC Networks, Inc.**  |  |  |
| 4.250% due 02/15/2029  | 400 | 321 |
| 10.250% due 01/15/2029  | 200 | 208 |
| **Amentum Holdings, Inc.** <br>7.250% due 08/01/2032 | 125 | 129 |
| **Amer Sports Co.** <br>6.750% due 02/16/2031 | 125 | 130 |
| **American Airlines Pass-Through Trust** <br>3.375% due 11/01/2028 | 50 | 49 |
| **American Airlines, Inc.**  |  |  |
| 5.500% due 04/20/2026  | 100 | 100 |
| 5.750% due 04/20/2029  | 900 | 900 |
| **American Axle & Manufacturing, Inc.**  |  |  |
| 5.000% due 10/01/2029  | 25 | 23 |
| 6.500% due 04/01/2027  | 25 | 25 |
| 6.875% due 07/01/2028  | 25 | 25 |
| **American Builders & Contractors Supply Co., Inc.**  |  |  |
| 3.875% due 11/15/2029  | 175 | 166 |
| 4.000% due 01/15/2028  | 275 | 269 |
| **APi Group DE, Inc.** <br>4.125% due 07/15/2029 | 275 | 262 |
| **Aramark Services, Inc.** <br>5.000% due 02/01/2028 | 100 | 100 |
| **Arcosa, Inc.** <br>6.875% due 08/15/2032 | 150 | 156 |

---

------

<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Aris** **Water Holdings LLC** <br>7.250% due 04/01/2030 |  | 250 | 258 |
| **Ascent Resources Utica Holdings LLC**  |  |  |  |
| 6.625% due 10/15/2032  |  | 500 | 509 |
| 6.625% due 07/15/2033  |  | 50 | 51 |
| **Aston Martin Capital Holdings Ltd.** <br>10.000% due 03/31/2029 |  | 500 | 474 |
| **AthenaHealth Group, Inc.** <br>6.500% due 02/15/2030 |  | 175 | 172 |
| **Avis Budget Car Rental LLC**  |  |  |  |
| 4.750% due 04/01/2028  |  | 125 | 121 |
| 5.375% due 03/01/2029  |  | 75 | 72 |
| 5.750% due 07/15/2027  |  | 22 | 22 |
| **Axon Enterprise, Inc.**  |  |  |  |
| 6.125% due 03/15/2030  |  | 100 | 103 |
| 6.250% due 03/15/2033  |  | 75 | 77 |
| **B&G Foods, Inc.** <br>8.000% due 09/15/2028 |  | 25 | 24 |
| **Ball Corp.**  |  |  |  |
| 2.875% due 08/15/2030  |  | 75 | 68 |
| 3.125% due 09/15/2031  |  | 25 | 22 |
| **Bausch & Lomb Corp.** <br>8.375% due 10/01/2028 |  | 500 | 523 |
| **BC Ltd.** <br>10.000% due 04/15/2032 |  | 325 | 328 |
| **BC ULC**  |  |  |  |
| 3.500% due 02/15/2029  |  | 1125 | 1072 |
| 4.000% due 10/15/2030  |  | 1050 | 980 |
| **Beacon Mobility Corp.** <br>7.250% due 08/01/2030 (a) |  | 175 | 179 |
| **Block, Inc.**  |  |  |  |
| 2.750% due 06/01/2026  |  | 200 | 196 |
| 3.500% due 06/01/2031  |  | 525 | 482 |
| 6.500% due 05/15/2032  |  | 200 | 206 |
| **Bombardier, Inc.** <br>6.750% due 06/15/2033 |  | 325 | 337 |
| **Boyd Gaming Corp.** <br>4.750% due 12/01/2027 |  | 75 | 75 |
| **Buckeye Partners LP** <br>6.750% due 02/01/2030 |  | 150 | 156 |
| **Builders FirstSource, Inc.**  |  |  |  |
| 4.250% due 02/01/2032  |  | 325 | 301 |
| 6.375% due 03/01/2034  |  | 325 | 332 |
| 6.750% due 05/15/2035  |  | 175 | 180 |
| **BWX Technologies, Inc.**  |  |  |  |
| 4.125% due 06/30/2028  |  | 25 | 24 |
| 4.125% due 04/15/2029  |  | 125 | 121 |
| **CACI International, Inc.** <br>6.375% due 06/15/2033 |  | 100 | 103 |
| **Caesars Entertainment, Inc.** <br>7.000% due 02/15/2030 |  | 300 | 311 |
| **Camelot Finance SA** <br>4.500% due 11/01/2026 |  | 7 | 7 |
| **Capstone Borrower, Inc.** <br>8.000% due 06/15/2030 |  | 50 | 52 |
| **Carnival Corp.**  |  |  |  |
| 5.750% due 03/01/2027  |  | 300 | 303 |
| 5.750% due 03/15/2030  |  | 625 | 636 |
| 5.875% due 06/15/2031  |  | 375 | 382 |
| **Carvana Co. (11.000% Cash or 13.000% PIK)** <br>11.000% due 06/01/2030 (b) |  | 200 | 210 |
| **Carvana Co. (14.000% PIK)** <br>14.000% due 06/01/2031 (b) |  | 50 | 58 |
| **CCO Holdings LLC**  |  |  |  |
| 4.250% due 02/01/2031  |  | 225 | 210 |
| 4.250% due 01/15/2034  |  | 300 | 267 |
| 4.750% due 02/01/2032  |  | 500 | 475 |
| 5.000% due 02/01/2028  |  | 1700 | 1686 |
| 5.125% due 05/01/2027  |  | 100 | 100 |
| **Celanese U.S. Holdings LLC**  |  |  |  |
| 6.500% due 04/15/2030  |  | 300 | 307 |
| 6.629% due 07/15/2032  |  | 200 | 210 |
| **Central Parent LLC** <br>8.000% due 06/15/2029 |  | 150 | 124 |
| **Central Parent, Inc.** <br>7.250% due 06/15/2029 |  | 25 | 20 |
| **Century Communities, Inc.** <br>3.875% due 08/15/2029 |  | 150 | 139 |
| **Cerdia Finanz GmbH** <br>9.375% due 10/03/2031 |  | 625 | 649 |
| **Champ Acquisition Corp.** <br>8.375% due 12/01/2031 |  | 50 | 53 |
| **Chart Industries, Inc.** <br>9.500% due 01/01/2031 |  | 50 | 53 |
| **Cheplapharm Arzneimittel GmbH** <br>3.500% due 02/11/2027 | EUR | 425 | 503 |

---

------

<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Chord** **Energy Corp.** <br>6.750% due 03/15/2033 | $450 | 460 |
| **Churchill Downs, Inc.** <br>4.750% due 01/15/2028 | 575 | 568 |
| **Cimpress PLC** <br>7.375% due 09/15/2032 | 100 | 96 |
| **Civitas Resources, Inc.**  |  |  |
| 8.625% due 11/01/2030  | 25 | 25 |
| 8.750% due 07/01/2031  | 175 | 177 |
| **Clarios Global LP** <br>6.750% due 02/15/2030 | 50 | 52 |
| **Clarivate Science Holdings Corp.** <br>4.875% due 07/01/2029 | 700 | 660 |
| **Cleveland-Cliffs, Inc.**  |  |  |
| 5.875% due 06/01/2027  | 75 | 75 |
| 6.875% due 11/01/2029  | 125 | 123 |
| 7.000% due 03/15/2032  | 450 | 425 |
| **Cloud Software Group, Inc.**  |  |  |
| 6.500% due 03/31/2029  | 500 | 505 |
| 8.250% due 06/30/2032  | 225 | 240 |
| **Clydesdale Acquisition Holdings, Inc.**  |  |  |
| 6.750% due 04/15/2032  | 400 | 411 |
| 6.875% due 01/15/2030  | 475 | 486 |
| **CNX Midstream Partners LP** <br>4.750% due 04/15/2030 | 200 | 189 |
| **CNX Resources Corp.** <br>7.250% due 03/01/2032 | 75 | 78 |
| **Cogent Communications Group LLC** <br>6.500% due 07/01/2032 | 400 | 394 |
| **CommScope LLC** <br>4.750% due 09/01/2029 | 125 | 122 |
| **Community Health Systems, Inc.**  |  |  |
| 4.750% due 02/15/2031  | 75 | 64 |
| 5.250% due 05/15/2030  | 700 | 621 |
| 5.625% due 03/15/2027  | 25 | 25 |
| 6.000% due 01/15/2029  | 500 | 481 |
| 10.875% due 01/15/2032  | 275 | 292 |
| **CoreWeave, Inc.** <br>9.250% due 06/01/2030 | 100 | 102 |
| **CQP Holdco LP** <br>5.500% due 06/15/2031 | 575 | 568 |
| **Crescent Energy Finance LLC**  |  |  |
| 7.375% due 01/15/2033  | 225 | 215 |
| 7.625% due 04/01/2032  | 175 | 171 |
| **Crown Americas LLC** <br>5.875% due 06/01/2033 | 150 | 151 |
| **Czechoslovak Group AS** <br>6.500% due 01/10/2031 (a) | 400 | 404 |
| **DaVita, Inc.**  |  |  |
| 6.750% due 07/15/2033  | 475 | 491 |
| 6.875% due 09/01/2032  | 100 | 104 |
| **Dcli Bidco LLC** <br>7.750% due 11/15/2029 | 250 | 253 |
| **Delek Logistics Partners LP** <br>7.375% due 06/30/2033 | 75 | 75 |
| **Deluxe Corp.** <br>8.125% due 09/15/2029 | 50 | 52 |
| **Diamond Foreign Asset Co.** <br>8.500% due 10/01/2030 | 200 | 208 |
| **Diebold Nixdorf, Inc.** <br>7.750% due 03/31/2030 | 75 | 80 |
| **DirecTV Financing LLC**  |  |  |
| 5.875% due 08/15/2027  | 525 | 524 |
| 10.000% due 02/15/2031  | 100 | 97 |
| **Discovery Communications LLC** <br>3.625% due 05/15/2030 | 25 | 22 |
| **DISH Network Corp.** <br>11.750% due 11/15/2027 | 125 | 129 |
| **EchoStar Corp.** <br>10.750% due 11/30/2029 | 475 | 490 |
| **EchoStar Corp. (6.750% Cash or 6.750% PIK)** <br>6.750% due 11/30/2030 (b) | 250 | 228 |
| **Efesto Bidco SpA Efesto U.S. LLC** <br>7.500% due 02/15/2032 | 275 | 279 |
| **Ellucian Holdings, Inc.** <br>6.500% due 12/01/2029 | 175 | 179 |
| **EMRLD Borrower LP** <br>6.750% due 07/15/2031 | 200 | 207 |
| **Endo Finance Holdings, Inc.** <br>8.500% due 04/15/2031 | 75 | 79 |
| **EQT Corp.**  |  |  |
| 4.500% due 01/15/2029  | 43 | 43 |
| 4.750% due 01/15/2031  | 50 | 49 |
| 7.500% due 06/01/2030  | 500 | 550 |
| **EquipmentShare.com, Inc.** <br>9.000% due 05/15/2028 | 50 | 53 |

---

------

<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Excelerate** **Energy LP** <br>8.000% due 05/15/2030 | 100 | 106 |
| **Fertitta Entertainment LLC** <br>6.750% due 01/15/2030 | 225 | 208 |
| **First Student Bidco, Inc.** <br>4.000% due 07/31/2029 | 325 | 306 |
| **FMG Resources Pty. Ltd.**  |  |  |
| 4.375% due 04/01/2031  | 125 | 117 |
| 4.500% due 09/15/2027  | 75 | 74 |
| 5.875% due 04/15/2030  | 125 | 127 |
| **Fortress Intermediate, Inc.** <br>7.500% due 06/01/2031 | 275 | 288 |
| **Frontier Communications Holdings LLC**  |  |  |
| 6.000% due 01/15/2030  | 350 | 355 |
| 8.625% due 03/15/2031  | 75 | 80 |
| **Gap, Inc.** <br>3.625% due 10/01/2029 | 575 | 535 |
| **GFL Environmental, Inc.**  |  |  |
| 4.000% due 08/01/2028  | 100 | 97 |
| 4.375% due 08/15/2029  | 375 | 364 |
| **Global Medical Response, Inc.** <br>9.500% due 10/31/2028 | 152 | 152 |
| **Global Partners LP**  |  |  |
| 7.125% due 07/01/2033  | 50 | 51 |
| 8.250% due 01/15/2032  | 100 | 105 |
| **Goat Holdco LLC** <br>6.750% due 02/01/2032 | 475 | 483 |
| **goeasy Ltd.**  |  |  |
| 6.875% due 05/15/2030  | 125 | 126 |
| 7.375% due 10/01/2030  | 275 | 281 |
| 7.625% due 07/01/2029  | 25 | 26 |
| 9.250% due 12/01/2028  | 500 | 529 |
| **Goodyear Tire & Rubber Co.**  |  |  |
| 5.000% due 05/31/2026  | 28 | 28 |
| 5.000% due 07/15/2029  | 100 | 98 |
| 5.250% due 07/15/2031  | 25 | 24 |
| 5.625% due 04/30/2033  | 25 | 24 |
| **Graham Packaging Co., Inc.** <br>7.125% due 08/15/2028 | 300 | 300 |
| **Graphic Packaging International LLC** <br>6.375% due 07/15/2032 | 250 | 256 |
| **Gray Media, Inc.**  |  |  |
| 4.750% due 10/15/2030  | 100 | 76 |
| 5.375% due 11/15/2031  | 175 | 131 |
| 10.500% due 07/15/2029  | 75 | 81 |
| **Great Canadian Gaming Corp.** <br>8.750% due 11/15/2029 | 50 | 49 |
| **Gulfport Energy Operating Corp.** <br>6.750% due 09/01/2029 | 75 | 77 |
| **GYP Holdings Corp.** <br>4.625% due 05/01/2029 | 150 | 150 |
| **Helios Software Holdings, Inc.**  |  |  |
| 4.625% due 05/01/2028  | 25 | 24 |
| 8.750% due 05/01/2029  | 100 | 103 |
| **Herc Holdings, Inc.**  |  |  |
| 7.000% due 06/15/2030  | 225 | 235 |
| 7.250% due 06/15/2033  | 225 | 236 |
| **Hess Midstream Operations LP** <br>5.875% due 03/01/2028 | 150 | 152 |
| **Hilton Domestic Operating Co., Inc.** <br>3.625% due 02/15/2032 | 800 | 725 |
| **Hilton Grand Vacations Borrower LLC** <br>4.875% due 07/01/2031 | 300 | 277 |
| **Howard Midstream Energy Partners LLC** <br>7.375% due 07/15/2032 | 525 | 553 |
| **Husky Injection Molding Systems Ltd.** <br>9.000% due 02/15/2029 | 50 | 52 |
| **IHO Verwaltungs GmbH (7.750% Cash or 8.500% PIK)** <br>7.750% due 11/15/2030 (b) | 175 | 180 |
| **IHO Verwaltungs GmbH (8.000% Cash or 8.750% PIK)** <br>8.000% due 11/15/2032 (b) | 75 | 77 |
| **Imola Merger Corp.** <br>4.750% due 05/15/2029 | 225 | 217 |
| **INEOS Finance PLC** <br>6.750% due 05/15/2028 | 25 | 25 |
| **Ingevity Corp.** <br>3.875% due 11/01/2028 | 700 | 668 |
| **Insulet Corp.** <br>6.500% due 04/01/2033 | 50 | 52 |
| **Intelligent Packaging Ltd. Finco, Inc.** <br>6.000% due 09/15/2028 | 425 | 425 |
| **IQVIA, Inc.** <br>6.250% due 06/01/2032 | 500 | 514 |
| **JetBlue Airways Corp.** <br>9.875% due 09/20/2031 | 650 | 633 |

---

------

<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Kaiser** **Aluminum Corp.** <br>4.500% due 06/01/2031 | 125 | 117 |
| **KBR, Inc.** <br>4.750% due 09/30/2028 | 25 | 24 |
| **Kinetik Holdings LP** <br>6.625% due 12/15/2028 | 50 | 51 |
| **Kodiak Gas Services LLC** <br>7.250% due 02/15/2029 | 150 | 155 |
| **Kraken Oil & Gas Partners LLC** <br>7.625% due 08/15/2029 | 400 | 393 |
| **Level 3 Financing, Inc.**  |  |  |
| 4.500% due 04/01/2030  | 50 | 46 |
| 6.875% due 06/30/2033  | 250 | 255 |
| 10.750% due 12/15/2030  | 25 | 28 |
| 11.000% due 11/15/2029  | 416 | 478 |
| **LGI Homes, Inc.** <br>7.000% due 11/15/2032 | 125 | 119 |
| **LifePoint Health, Inc.**  |  |  |
| 8.375% due 02/15/2032  | 175 | 187 |
| 11.000% due 10/15/2030  | 600 | 663 |
| **Light & Wonder International, Inc.** <br>7.500% due 09/01/2031 | 100 | 105 |
| **Lithia Motors, Inc.**  |  |  |
| 3.875% due 06/01/2029  | 25 | 24 |
| 4.375% due 01/15/2031  | 100 | 95 |
| 4.625% due 12/15/2027  | 50 | 50 |
| **Live Nation Entertainment, Inc.** <br>3.750% due 01/15/2028 | 25 | 24 |
| **Matador Resources Co.**  |  |  |
| 6.250% due 04/15/2033  | 600 | 597 |
| 6.500% due 04/15/2032  | 100 | 100 |
| **Match Group Holdings LLC** <br>3.625% due 10/01/2031 | 150 | 134 |
| **McGraw-Hill Education, Inc.**  |  |  |
| 5.750% due 08/01/2028  | 25 | 25 |
| 7.375% due 09/01/2031  | 225 | 235 |
| **Medline Borrower LP** <br>3.875% due 04/01/2029 | 600 | 576 |
| **MEG Energy Corp.** <br>5.875% due 02/01/2029 | 425 | 425 |
| **Merlin Entertainments Group U.S. Holdings, Inc.** <br>7.375% due 02/15/2031 | 100 | 89 |
| **MGM Resorts International**  |  |  |
| 6.125% due 09/15/2029  | 25 | 25 |
| 6.500% due 04/15/2032  | 225 | 229 |
| **Midwest Gaming Borrower LLC** <br>4.875% due 05/01/2029 | 325 | 313 |
| **Miter Brands Acquisition Holdco, Inc.** <br>6.750% due 04/01/2032 | 150 | 154 |
| **Molina Healthcare, Inc.**  |  |  |
| 3.875% due 05/15/2032  | 200 | 182 |
| 4.375% due 06/15/2028  | 125 | 122 |
| 6.250% due 01/15/2033  | 200 | 204 |
| **Motion Bondco DAC** <br>6.625% due 11/15/2027 | 200 | 189 |
| **Motion Finco SARL** <br>8.375% due 02/15/2032 | 50 | 46 |
| **Murphy Oil USA, Inc.** <br>3.750% due 02/15/2031 | 150 | 139 |
| **NCL Corp. Ltd.** <br>6.750% due 02/01/2032 | 375 | 383 |
| **NCR Atleos Corp.** <br>9.500% due 04/01/2029 | 175 | 192 |
| **Neptune Bidco U.S., Inc.** <br>9.290% due 04/15/2029 | 300 | 292 |
| **Newell Brands, Inc.**  |  |  |
| 6.625% due 05/15/2032  | 43 | 41 |
| 8.500% due 06/01/2028  | 275 | 290 |
| **Newfold Digital Holdings Group, Inc.** <br>11.750% due 10/15/2028 « | 500 | 378 |
| **NFE Financing LLC** <br>12.000% due 11/15/2029 | 161 | 73 |
| **Nissan Motor Co. Ltd.** <br>4.810% due 09/17/2030 | 40 | 37 |
| **Noble Finance LLC** <br>8.000% due 04/15/2030 | 575 | 586 |
| **Nordstrom, Inc.**  |  |  |
| 4.250% due 08/01/2031  | 50 | 44 |
| 5.000% due 01/15/2044  | 200 | 140 |
| **Northriver Midstream Finance LP** <br>6.750% due 07/15/2032 | 200 | 207 |
| **NOVA Chemicals Corp.**  |  |  |
| 4.250% due 05/15/2029  | 150 | 144 |
| 7.000% due 12/01/2031  | 175 | 183 |
| **Novelis Corp.**  |  |  |
| 4.750% due 01/30/2030  | 375 | 360 |

---

------

<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.875% due 01/30/2030  | 150 | 155 |
| **NuStar Logistics LP** <br>6.375% due 10/01/2030 | 250 | 259 |
| **Olin Corp.** <br>6.625% due 04/01/2033 | 125 | 123 |
| **Olympus Water U.S. Holding Corp.** <br>4.250% due 10/01/2028 | 300 | 285 |
| **OneSky Flight LLC** <br>8.875% due 12/15/2029 | 75 | 78 |
| **Opal Bidco SAS** <br>6.500% due 03/31/2032 | 475 | 485 |
| **Open Text Holdings, Inc.** <br>4.125% due 02/15/2030 | 325 | 307 |
| **Organon & Co.**  |  |  |
| 4.125% due 04/30/2028  | 275 | 265 |
| 6.750% due 05/15/2034  | 275 | 264 |
| **Parkland Corp.**  |  |  |
| 4.500% due 10/01/2029  | 100 | 96 |
| 6.625% due 08/15/2032  | 75 | 77 |
| **Permian Resources Operating LLC**  |  |  |
| 5.875% due 07/01/2029  | 25 | 25 |
| 6.250% due 02/01/2033  | 75 | 76 |
| 7.000% due 01/15/2032  | 625 | 648 |
| **Perrigo Finance Unlimited Co.** <br>4.900% due 12/15/2044 | 250 | 196 |
| **Petroleos de Venezuela SA**  |  |  |
| 5.375% due 04/12/2027 ^(c)  | 1250 | 158 |
| 5.500% due 04/12/2037 ^(c)  | 1250 | 158 |
| **Post Holdings, Inc.**  |  |  |
| 4.500% due 09/15/2031  | 150 | 139 |
| 5.500% due 12/15/2029  | 300 | 299 |
| 6.250% due 10/15/2034  | 875 | 882 |
| **Prime Healthcare Services, Inc.** <br>9.375% due 09/01/2029 | 425 | 422 |
| **Primo Water Holdings, Inc.**  |  |  |
| 4.375% due 04/30/2029  | 50 | 49 |
| 6.250% due 04/01/2029  | 200 | 202 |
| **PTC, Inc.** <br>4.000% due 02/15/2028 | 200 | 195 |
| **Quikrete Holdings, Inc.**  |  |  |
| 6.375% due 03/01/2032  | 725 | 746 |
| 6.750% due 03/01/2033  | 100 | 103 |
| **QXO Building Products, Inc.** <br>6.750% due 04/30/2032 | 375 | 387 |
| **Radiology Partners, Inc.** <br>8.500% due 07/15/2032 | 125 | 125 |
| **Raising Cane's Restaurants LLC** <br>9.375% due 05/01/2029 | 125 | 132 |
| **Rakuten Group, Inc.**  |  |  |
| 8.125% due 12/15/2029 •(f)  | 50 | 49 |
| 9.750% due 04/15/2029  | 200 | 220 |
| 11.250% due 02/15/2027  | 200 | 218 |
| **Rand Parent LLC** <br>8.500% due 02/15/2030 | 1000 | 1005 |
| **Raven Acquisition Holdings LLC** <br>6.875% due 11/15/2031 | 500 | 501 |
| **Rivers Enterprise Borrower LLC** <br>6.625% due 02/01/2033 | 25 | 25 |
| **Rockies Express Pipeline LLC** <br>6.750% due 03/15/2033 | 75 | 78 |
| **Royal Caribbean Cruises Ltd.** <br>5.625% due 09/30/2031 | 675 | 680 |
| **RR Donnelley & Sons Co.** <br>9.500% due 08/01/2029 | 50 | 50 |
| **Ryan Specialty LLC** <br>5.875% due 08/01/2032 | 125 | 126 |
| **Sabre GLBL, Inc.**  |  |  |
| 8.625% due 06/01/2027  | 11 | 11 |
| 10.750% due 11/15/2029  | 25 | 26 |
| **SCIH Salt Holdings, Inc.** <br>4.875% due 05/01/2028 | 125 | 122 |
| **Scripps Escrow, Inc.** <br>3.875% due 01/15/2029 | 100 | 87 |
| **Seadrill Finance Ltd.** <br>8.375% due 08/01/2030 | 500 | 510 |
| **Seagate Data Storage Technology Pte Ltd.** <br>4.091% due 06/01/2029 | 225 | 216 |
| **Seagate Data Storage Technology Pte. Ltd.** <br>5.875% due 07/15/2030 | 425 | 432 |
| **Sensata Technologies, Inc.** <br>6.625% due 07/15/2032 | 350 | 361 |
| **Service Corp. International** <br>3.375% due 08/15/2030 | 275 | 253 |
| **Shift4 Payments LLC** <br>6.750% due 08/15/2032 | 175 | 182 |

---

------

<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Simmons** **Foods, Inc.** <br>4.625% due 03/01/2029 | 1000 | 945 |
| **Sirius XM Radio LLC**  |  |  |
| 3.875% due 09/01/2031  | 675 | 600 |
| 4.125% due 07/01/2030  | 100 | 92 |
| **Six Flags Entertainment Corp.** <br>6.500% due 10/01/2028 | 150 | 151 |
| **SK Invictus Intermediate SARL** <br>5.000% due 10/30/2029 | 25 | 24 |
| **SM Energy Co.**  |  |  |
| 6.750% due 08/01/2029  | 100 | 100 |
| 7.000% due 08/01/2032  | 225 | 222 |
| **Snap, Inc.** <br>6.875% due 03/01/2033 | 350 | 359 |
| **Specialty Building Products Holdings LLC** <br>7.750% due 10/15/2029 | 100 | 98 |
| **SS&C Technologies, Inc.** <br>6.500% due 06/01/2032 | 350 | 364 |
| **Stagwell Global LLC** <br>5.625% due 08/15/2029 | 275 | 263 |
| **Standard Industries, Inc.** <br>4.375% due 07/15/2030 | 875 | 829 |
| **Station Casinos LLC**  |  |  |
| 4.500% due 02/15/2028  | 75 | 74 |
| 4.625% due 12/01/2031  | 325 | 305 |
| 6.625% due 03/15/2032  | 225 | 230 |
| **Stonepeak Nile Parent LLC** <br>7.250% due 03/15/2032 | 100 | 106 |
| **Strathcona Resources Ltd.** <br>6.875% due 08/01/2026 | 300 | 300 |
| **Sunoco LP**  |  |  |
| 4.500% due 05/15/2029  | 225 | 219 |
| 6.250% due 07/01/2033  | 25 | 25 |
| 7.000% due 05/01/2029  | 150 | 156 |
| 7.250% due 05/01/2032  | 100 | 105 |
| **Surgery Center Holdings, Inc.** <br>7.250% due 04/15/2032 | 200 | 204 |
| **TEGNA, Inc.** <br>4.625% due 03/15/2028 | 350 | 341 |
| **Teleflex, Inc.** <br>4.625% due 11/15/2027 | 100 | 99 |
| **Tenneco, Inc.** <br>8.000% due 11/17/2028 | 50 | 50 |
| **Teva Pharmaceutical Finance Netherlands BV**  |  |  |
| 5.750% due 12/01/2030  | 275 | 280 |
| 6.000% due 12/01/2032  | 350 | 358 |
| **TGS ASA** <br>8.500% due 01/15/2030 | 250 | 259 |
| **Tidewater, Inc.** <br>9.125% due 07/15/2030 (a) | 150 | 154 |
| **TK Elevator U.S. Newco, Inc.** <br>5.250% due 07/15/2027 | 225 | 225 |
| **TopBuild Corp.**  |  |  |
| 3.625% due 03/15/2029  | 425 | 402 |
| 4.125% due 02/15/2032  | 400 | 371 |
| **Toucan FinCo Ltd.** <br>9.500% due 05/15/2030 | 250 | 256 |
| **TransDigm, Inc.**  |  |  |
| 6.000% due 01/15/2033  | 150 | 151 |
| 6.375% due 03/01/2029  | 100 | 103 |
| 6.875% due 12/15/2030  | 500 | 519 |
| **Transocean Titan Financing Ltd.** <br>8.375% due 02/01/2028 | 45 | 46 |
| **Transocean, Inc.** <br>8.750% due 02/15/2030 | 20 | 21 |
| **Trivium Packaging Finance BV** <br>8.250% due 07/15/2030 | 75 | 79 |
| **Twilio, Inc.** <br>3.875% due 03/15/2031 | 125 | 117 |
| **U.S. Acute Care Solutions LLC** <br>9.750% due 05/15/2029 | 100 | 103 |
| **U.S. Foods, Inc.** <br>5.750% due 04/15/2033 | 300 | 300 |
| **UKG, Inc.** <br>6.875% due 02/01/2031 | 300 | 311 |
| **Unisys Corp.** <br>10.625% due 01/15/2031 | 100 | 103 |
| **United Rentals North America, Inc.**  |  |  |
| 3.750% due 01/15/2032  | 275 | 253 |
| 4.000% due 07/15/2030  | 266 | 254 |
| 6.125% due 03/15/2034  | 150 | 155 |
| **Univision Communications, Inc.**  |  |  |
| 6.625% due 06/01/2027  | 250 | 250 |
| 8.000% due 08/15/2028  | 225 | 229 |
| 8.500% due 07/31/2031  | 575 | 576 |

---

------

<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Vail** **Resorts, Inc.** <br>5.625% due 07/15/2030 (a) | 100 | 101 |
| **Valaris Ltd.** <br>8.375% due 04/30/2030 | 775 | 796 |
| **Vallourec SACA** <br>7.500% due 04/15/2032 | 175 | 184 |
| **Valvoline, Inc.** <br>3.625% due 06/15/2031 | 350 | 317 |
| **Venture Global Calcasieu Pass LLC** <br>4.125% due 08/15/2031 | 100 | 93 |
| **Venture Global LNG, Inc.**  |  |  |
| 9.500% due 02/01/2029  | 1300 | 1417 |
| 9.875% due 02/01/2032  | 725 | 783 |
| **Venture Global Plaquemines LNG LLC**  |  |  |
| 6.500% due 01/15/2034 (a)  | 175 | 175 |
| 6.750% due 01/15/2036 (a)  | 175 | 175 |
| 7.500% due 05/01/2033  | 300 | 321 |
| **Veritiv Operating Co.** <br>10.500% due 11/30/2030 | 125 | 135 |
| **Vermilion Energy, Inc.** <br>7.250% due 02/15/2033 | 50 | 47 |
| **Vertiv Group Corp.** <br>4.125% due 11/15/2028 | 150 | 146 |
| **VF Corp.**  |  |  |
| 2.800% due 04/23/2027  | 100 | 96 |
| 2.950% due 04/23/2030  | 179 | 151 |
| **Virgin Media Secured Finance PLC** <br>4.500% due 08/15/2030 | 1425 | 1325 |
| **Viridien** <br>10.000% due 10/15/2030 | 25 | 25 |
| **VistaJet Malta Finance PLC**  |  |  |
| 6.375% due 02/01/2030  | 50 | 47 |
| 7.875% due 05/01/2027  | 100 | 101 |
| 9.500% due 06/01/2028  | 100 | 103 |
| **Vmed O2 U.K. Financing PLC** <br>4.750% due 07/15/2031 | 1000 | 926 |
| **VZ Secured Financing BV** <br>5.000% due 01/15/2032 | 100 | 89 |
| **Walgreen Co.** <br>4.400% due 09/15/2042 | 30 | 28 |
| **Walgreens Boots Alliance, Inc.**  |  |  |
| 4.100% due 04/15/2050  | 50 | 44 |
| 4.650% due 06/01/2046  | 25 | 23 |
| 4.800% due 11/18/2044  | 25 | 24 |
| 8.125% due 08/15/2029  | 400 | 424 |
| **Wand NewCo 3, Inc.** <br>7.625% due 01/30/2032 | 150 | 158 |
| **Warnermedia Holdings, Inc.**  |  |  |
| 3.755% due 03/15/2027  | 25 | 25 |
| 4.279% due 03/15/2032  | 50 | 42 |
| 5.050% due 03/15/2042  | 50 | 34 |
| **Waste Pro USA, Inc.** <br>7.000% due 02/01/2033 | 150 | 156 |
| **Wayfair LLC**  |  |  |
| 7.250% due 10/31/2029  | 150 | 150 |
| 7.750% due 09/15/2030  | 100 | 101 |
| **Weatherford International Ltd.** <br>8.625% due 04/30/2030 | 175 | 181 |
| **Western Digital Corp.**  |  |  |
| 2.850% due 02/01/2029  | 200 | 186 |
| 3.100% due 02/01/2032  | 150 | 133 |
| **WEX, Inc.** <br>6.500% due 03/15/2033 | 75 | 76 |
| **Whirlpool Corp.** <br>6.125% due 06/15/2030 | 75 | 76 |
| **Williams Scotsman, Inc.**  |  |  |
| 6.625% due 06/15/2029  | 375 | 385 |
| 6.625% due 04/15/2030  | 50 | 52 |
| **Windstream Services LLC** <br>8.250% due 10/01/2031 | 50 | 52 |
| **WMG Acquisition Corp.** <br>3.000% due 02/15/2031 | 450 | 408 |
| **Wynn Resorts Finance LLC**  |  |  |
| 6.250% due 03/15/2033  | 25 | 25 |
| 7.125% due 02/15/2031  | 750 | 800 |
| **Yum! Brands, Inc.** <br>4.625% due 01/31/2032 | 800 | 771 |
| **Zayo Group Holdings, Inc.** <br>4.000% due 03/01/2027 | 200 | 188 |
| **ZF North America Capital, Inc.** <br>6.750% due 04/23/2030 | 200 | 192 |
| **Ziggo Bond Co. BV** <br>5.125% due 02/28/2030 | 25 | 22 |

---

------

<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Ziggo** **BV** <br>4.875% due 01/15/2030 | 100 | 94 |
|  |  | 91501 |
| **UTILITIES 4.6%**  |  |  |
| **AES Corp.** <br>6.950% due 07/15/2055 •  | 175 | 171 |
| **Aethon United BR LP** <br>7.500% due 10/01/2029 | 175 | 184 |
| **Antero Midstream Partners LP** <br>5.750% due 03/01/2027 | 400 | 400 |
| **Archrock Partners LP** <br>6.625% due 09/01/2032 | 75 | 76 |
| **Calpine Corp.**  |  |  |
| 3.750% due 03/01/2031  | 400 | 380 |
| 5.000% due 02/01/2031  | 700 | 693 |
| **ContourGlobal Power Holdings SA** <br>6.750% due 02/28/2030 | 200 | 206 |
| **Electricite de France SA** <br>9.125% due 03/15/2033 •(f) | 225 | 254 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | 234 | 222 |
| **Genesis Energy LP**  |  |  |
| 7.875% due 05/15/2032  | 200 | 208 |
| 8.000% due 05/15/2033  | 150 | 157 |
| 8.250% due 01/15/2029  | 75 | 78 |
| **Hilcorp Energy LP**  |  |  |
| 5.750% due 02/01/2029  | 175 | 173 |
| 6.000% due 04/15/2030  | 400 | 389 |
| 6.250% due 11/01/2028  | 50 | 50 |
| **Iliad Holding SASU** <br>7.000% due 04/15/2032 | 250 | 256 |
| **Lightning Power LLC** <br>7.250% due 08/15/2032 | 200 | 211 |
| **NGL Energy Operating LLC**  |  |  |
| 8.125% due 02/15/2029  | 25 | 25 |
| 8.375% due 02/15/2032  | 125 | 126 |
| **NRG Energy, Inc.**  |  |  |
| 3.375% due 02/15/2029  | 25 | 24 |
| 3.625% due 02/15/2031  | 175 | 161 |
| 5.750% due 07/15/2029  | 275 | 277 |
| 6.000% due 02/01/2033  | 75 | 76 |
| 6.250% due 11/01/2034  | 275 | 280 |
| **PBF Holding Co. LLC** <br>7.875% due 09/15/2030 | 200 | 180 |
| **PG&E Corp.** <br>7.375% due 03/15/2055 •  | 100 | 95 |
| **Tallgrass Energy Partners LP**  |  |  |
| 6.000% due 12/31/2030  | 375 | 368 |
| 7.375% due 02/15/2029  | 100 | 103 |
| **Vistra Operations Co. LLC**  |  |  |
| 4.375% due 05/01/2029  | 300 | 293 |
| 6.875% due 04/15/2032  | 375 | 392 |
| 7.750% due 10/15/2031  | 150 | 160 |
| **Yinson Production Financial Services Pte. Ltd.** <br>9.625% due 05/03/2029 | 25 | 26 |
|  |  | 6694 |
| Total Corporate Bonds & Notes (Cost $116,307) |  | 117328 |
| **U.S. TREASURY OBLIGATIONS 3.8%**  |  |  |
| **U.S. Treasury Notes**  |  |  |
| 3.375% due 09/15/2027 | 5475 | 5438 |
| Total U.S. Treasury Obligations (Cost $5,464) |  | 5438 |
|  | SHARES |  |
| **COMMON STOCKS 5.4%**  |  |  |
| **COMMUNICATION SERVICES 0.1%**  |  |  |
| **Clear Channel Outdoor Holdings, Inc. (d)** | 163228 | 191 |
| **ENERGY 0.5%**  |  |  |
| **California Resources Corp.** | 14960 | 683 |
| **New Fortress Energy, Inc. (d)** | 4910 | 17 |
|  |  | 700 |
| **FINANCIALS 1.1%**  |  |  |
| **Hipotecaria Su Casita SA (d)** | 78886 | 0 |
| **Intelsat Emergence SA «(i)** | 26145 | 902 |

---

------

<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Mr** **. Cooper Group, Inc. (d)** | 4374 | 653 |
|  |  | 1555 |
| **HEALTH CARE 3.4%**  |  |  |
| **Amsurg Equity «(d)(i)** | 78042 | 3524 |
| **NVHL SA 'A' «(d)(i)** | 197572 | 131 |
| **NVHL SA 'B' «(d)(i)** | 197572 | 131 |
| **NVHL SA 'C' «(d)(i)** | 197572 | 131 |
| **NVHL SA 'D' «(d)(i)** | 197572 | 130 |
| **NVHL SA 'E' «(d)(i)** | 197572 | 130 |
| **NVHL SA 'F' «(d)(i)** | 197572 | 130 |
| **NVHL SA 'G' «(d)(i)** | 197572 | 130 |
| **NVHL SA 'H' «(d)(i)** | 197572 | 130 |
| **NVHL SA 'I' «(d)(i)** | 197572 | 130 |
| **NVHL SA 'J' «(d)(i)** | 197572 | 130 |
|  |  | 4827 |
| **INDUSTRIALS 0.3%**  |  |  |
| **Foresea Holdings SA «** | 22653 | 464 |
| Total Common Stocks (Cost $12,962) |  | 7737 |
| **WARRANTS 0.0%**  |  |  |
| **ENERGY 0.0%**  |  |  |
| **Constellation Oil 'D' - Exp. 06/10/2071 (i)** | 3 | 0 |
| **INDUSTRIALS 0.0%**  |  |  |
| **Spirit Aviation Holdings, Inc. - Exp. 12/31/2099**  | 7451 | 37 |
| Total Warrants (Cost $65) |  | 37 |
| **PREFERRED SECURITIES 0.3%**  |  |  |
| **BANKING & FINANCE 0.3%**  |  |  |
| **First Citizens BancShares, Inc.**<br>8.552% due 01/04/2027 ~(f) | 350000 | 365 |
| Total Preferred Securities (Cost $350) |  | 365 |
| **SHORT-TERM INSTRUMENTS 0.3%**  |  |  |
| **MUTUAL FUNDS 0.3%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 4.380% (h) | 416587 | 416 |
| Total Short-Term Instruments (Cost $417) |  | 416 |
| Total Investments in Securities (Cost $145,374) |  | 141295 |
| **INVESTMENTS IN AFFILIATES 0.4%**  |  |  |
| **COMMON STOCKS 0.1%**  |  |  |
| **AFFILIATED INVESTMENTS 0.1%**  |  |  |
| **Xfit Brands, Inc. «(d)** | 68040639 | 196 |
| Total Common Stocks (Cost $4,074) |  | 196 |
| **SHORT-TERM INSTRUMENTS 0.3%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.3%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 38973 | 380 |
| Total Short-Term Instruments (Cost $379) |  | 380 |
| Total Investments in Affiliates (Cost $4,453) |  | 576 |
| Total Investments 98.6% (Cost $149,827) |  | $141871 |
| **Financial Derivative Instruments (j)(k) (0.0)**%(Cost or Premiums, net $611) |  | (53) |
| Other Assets and Liabilities, net 1.4% |  | 2095 |
| Net Assets 100.0% |  | $143913 |

---

------

<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.) June 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:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero 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.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate 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.** |
| **(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.** |
| **(b)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(c)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(d)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(g)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(h)** | **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.** |
| **(i)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description |  | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Amsurg Equity | Amsurg Equity | Amsurg Equity |  | 11/02/2023 - 11/06/2023 | 11/02/2023 - 11/06/2023 | 3261 | 3261 | 3524 | 3524 | 2.45 |
| Constellation Oil 'D' - Exp. 06/10/2071 | Constellation Oil 'D' - Exp. 06/10/2071 | Constellation Oil 'D' - Exp. 06/10/2071 |  | 06/10/2022 | 06/10/2022 | 0 | 0 | 0 | 0 | 0.00 |
| Intelsat Emergence SA | Intelsat Emergence SA | Intelsat Emergence SA |  | 09/05/2018 - 02/23/2024 | 09/05/2018 - 02/23/2024 | 2449 | 2449 | 902 | 902 | 0.63 |
| NVHL SA 'A' | NVHL SA 'A' | NVHL SA 'A' |  | 03/09/2012 - 05/01/2013 | 03/09/2012 - 05/01/2013 | 0 | 0 | 131 | 131 | 0.09 |
| NVHL SA 'B' | NVHL SA 'B' | NVHL SA 'B' |  | 03/09/2012 - 05/01/2013 | 03/09/2012 - 05/01/2013 | 0 | 0 | 131 | 131 | 0.09 |
| NVHL SA 'C' | NVHL SA 'C' | NVHL SA 'C' |  | 03/09/2012 - 05/01/2013 | 03/09/2012 - 05/01/2013 | 0 | 0 | 131 | 131 | 0.09 |
| NVHL SA 'D' | NVHL SA 'D' | NVHL SA 'D' |  | 03/09/2012 - 05/01/2013 | 03/09/2012 - 05/01/2013 | 0 | 0 | 130 | 130 | 0.09 |
| NVHL SA 'E' | NVHL SA 'E' | NVHL SA 'E' |  | 03/09/2012 - 05/01/2013 | 03/09/2012 - 05/01/2013 | 0 | 0 | 130 | 130 | 0.09 |
| NVHL SA 'F' | NVHL SA 'F' | NVHL SA 'F' |  | 03/09/2012 - 05/01/2013 | 03/09/2012 - 05/01/2013 | 0 | 0 | 130 | 130 | 0.09 |
| NVHL SA 'G' | NVHL SA 'G' | NVHL SA 'G' |  | 03/09/2012 - 05/01/2013 | 03/09/2012 - 05/01/2013 | 0 | 0 | 130 | 130 | 0.09 |
| NVHL SA 'H' | NVHL SA 'H' | NVHL SA 'H' |  | 03/09/2012 - 05/01/2013 | 03/09/2012 - 05/01/2013 | 0 | 0 | 130 | 130 | 0.09 |
| NVHL SA 'I' | NVHL SA 'I' | NVHL SA 'I' |  | 03/09/2012 - 05/01/2013 | 03/09/2012 - 05/01/2013 | 0 | 0 | 130 | 130 | 0.09 |
| NVHL SA 'J' | NVHL SA 'J' | NVHL SA 'J' |  | 03/09/2012 - 05/01/2013 | 03/09/2012 - 05/01/2013 | 0 | 0 | 130 | 130 | 0.09 |
|  |  |  |  |  | $ | 5710 | $ | 5729 | 3.98%  | 3.98%  |
| **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 June 30, 2025 was $(662) at a weighted average interest rate of 4.440%. 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 June 30, 2025 was $(662) at a weighted average interest rate of 4.440%. 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 June 30, 2025 was $(662) at a weighted average interest rate of 4.440%. 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 June 30, 2025 was $(662) at a weighted average interest rate of 4.440%. 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 June 30, 2025 was $(662) at a weighted average interest rate of 4.440%. 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 June 30, 2025 was $(662) at a weighted average interest rate of 4.440%. 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 June 30, 2025 was $(662) at a weighted average interest rate of 4.440%. 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 June 30, 2025 was $(662) at a weighted average interest rate of 4.440%. 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 June 30, 2025 was $(662) at a weighted average interest rate of 4.440%. 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 June 30, 2025 was $(662) at a weighted average interest rate of 4.440%. 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 June 30, 2025 was $(662) at a weighted average interest rate of 4.440%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** |
| **(j)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset |  | Liability |
| U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | 09/2025 | 23 | 4785 | 18 | 18 | $ | 1 | $ | $0 |
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 09/2025 | 6 | 654 | 3 | 3 |  | 1 |  | 0 |
| U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | 09/2025 | 23 | 2579 | 34 | 34 |  | 7 |  | 0 |
| U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | 09/2025 | 19 | 2171 | 37 | 37 |  | 7 |  | 0 |
| U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | 09/2025 | 2 | 238 | 7 | 7 |  | 3 |  | 0 |
|  |  |  |  |  | 99 | $ | $ | $ | $ | 0 |

---

------

<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** | **SHORT** **FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset |  | Liability |
| Euro-Bund September Futures  | Euro-Bund September Futures  | Euro-Bund September Futures  | Euro-Bund September Futures  | Euro-Bund September Futures  | Euro-Bund September Futures  | 09/2025 | 09/2025 | 09/2025 | 1 | (153) | (153) | 1 | 1 | 0 | 0 | $ | 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** | **100** | **$** | **19** | **19** | **$** | **0** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **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> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>June 30, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>June 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 |
| Telecom Italia spa  | Telecom Italia spa  | 1.000% | 12/20/2029 | 12/20/2029 | 1.118 | 1.118 | % | EUR | 200 | (9) | $ | 8 | (1) | (1) | 1 | 1 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | 5.000% | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | $ | $ | 8375 | 557 | $ | 86 | 643 | 643 | 25 | 25 | 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** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750% | Annual | 12/18/2026 | 12/18/2026 | 12/18/2026 | $ | 3100 | 22 | 22 | (16) | 6 | 6 | $0 | 0 | $(1) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.620 | Annual | 11/30/2029 | 11/30/2029 | 11/30/2029 |  | 1310 | 3 | 3 | (17) | (14) | (14) | 0 | 0 | (2) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2031 | 12/18/2031 | 12/18/2031 |  | 725 | 6 | 6 | (14) | (8) | (8) | 0 | 0 | (2) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2032 | 03/19/2032 | 03/19/2032 |  | 975 | 42 | 42 | (24) | 18 | 18 | 0 | 0 | (2) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 05/15/2032 | 05/15/2032 |  | 2380 | (10) | (10) | (26) | (36) | (36) | 0 | 0 | (6) |
|  |  |  |  |  |  |  |  |  |  | 63 | $ | (97) | (34) | (34) | 0 | 0 | (13) |
| **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** | **611** | **$** | **(3)** | **608** | **608** | **26** | **26** | **(13)** |
| **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $1,354 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 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. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(k)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **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> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | 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 | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 07/2025  | 07/2025  | EUR | 2070 | 2070 | 2070 | 2070 | $2354 | 2354 | 2354 | 0 | 0 | 0 | $(85) | (85) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 07/2025  | 07/2025  |  | 130 | 130 | 130 | 130 | 147 | 147 | 147 | 0 | 0 | 0 | (6) | (6) |
|  |  |  | 07/2025  | 07/2025  | $ | $174 | 174 | 174 | 174 | 153 | 153 | 153 | 6 | 6 | 6 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | 07/2025  | 07/2025  |  | 2375 | 2375 | 2375 | 2375 | 2047 | 2047 | 2047 | 37 | 37 | 37 | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | EUR | 2042 | 2042 | 2042 | 2042 | $2375 | 2375 | 2375 | 0 | 0 | 0 | (36) | (36) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 07/2025  | 07/2025  | $ | $348 | 348 | 348 | 348 | 2719 | 2719 | 2719 | 0 | 0 | 0 | (1) | (1) |

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<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** | **$** | $**43** | **43** | **43** | $**(128)** | **(128)** |
| **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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 30, 2025 in valuing the Portfolio's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |  |
| **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** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | 0 | $3607 | 3607 | 3607 | $6367 | 6367 | $ | 9974 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 19133 | 19133 | 19133 | 0 | 0 |  | 19133 |  |
| Industrials | Industrials | Industrials | Industrials | 350 | 350 | 350 | 90773 | 90773 | 90773 | 378 | 378 |  | 91501 |  |
| Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 6694 | 6694 | 6694 | 0 | 0 |  | 6694 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 5438 | 5438 | 5438 | 0 | 0 |  | 5438 |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |  |
| Communication Services | Communication Services | Communication Services | Communication Services | 191 | 191 | 191 | 0 | 0 | 0 | 0 | 0 |  | 191 |  |
| Energy | Energy | Energy | Energy | 683 | 683 | 683 | 17 | 17 | 17 | 0 | 0 |  | 700 |  |
| Financials | Financials | Financials | Financials | 653 | 653 | 653 | 0 | 0 | 0 | 902 | 902 |  | 1555 |  |
| Health Care | Health Care | Health Care | Health Care | 0 | 0 | 0 | 0 | 0 | 0 | 4827 | 4827 |  | 4827 |  |
| Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 0 | 0 | 464 | 464 |  | 464 |  |
| Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants |  |
| Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 37 | 37 | 37 | 0 | 0 |  | 37 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 365 | 365 | 365 | 0 | 0 |  | 365 |  |
| 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 | 0 | 0 | 0 | 416 | 416 | 416 | 0 | 0 |  | 416 |  |
|  |  |  |  | $1877 | 1877 | 1877 | $126480 | 126480 | 126480 | $12938 | 12938 | $ | 141295 |  |
| **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** |  |
| 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 |  |
| Affiliated Investments | Affiliated Investments | Affiliated Investments | Affiliated Investments | 0 | 0 | 0 | 0 | 0 | 0 | 196 | 196 |  | 196 |  |
| 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 | 380 | 380 | 380 | 0 | 0 | 0 | 0 | 0 |  | 380 |  |
|  |  |  |  | $380 | 380 | 380 | $0 | 0 | 0 | $196 | 196 | $ | 576 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | $2257 | 2257 | 2257 | $126480 | 126480 | 126480 | $13134 | 13134 | $ | 141871 |  |
| **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 | 0 | 0 | 0 | 45 | 45 | 45 | 0 | 0 |  | 45 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 43 | 43 | 43 | 0 | 0 |  | 43 |  |
|  |  |  |  | $0 | 0 | 0 | $88 | 88 | 88 | $0 | 0 | $ | 88 |  |
| **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 | 0 | 0 | 0 | (13) | (13) | (13) | 0 | 0 |  | (13) |  |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (128) | (128) | (128) | 0 | 0 |  | (128) |  |
|  |  |  |  | $0 | 0 | 0 | $(141) | (141) | (141) | $0 | 0 | $ | (141) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $0 | 0 | 0 | $(53) | (53) | (53) | $0 | 0 | $ | (53) |  |
| Totals | Totals | Totals | Totals | $2257 | 2257 | 2257 | $126427 | 126427 | 126427 | $13134 | 13134 | $ | 141818 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2025:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2025:** |
| Category and Subcategory | Beginning<br>Balance<br>at 03/31/2025 | Net<br>Sales/Settlements  | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers 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 06/30/2025 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>06/30/2025<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** |
| Loan Participations and Assignments | 6347 | $0 | $ | 6 | $0 | $ | 6 | $0 | 0 | 0 | $0 | 0 | 6367 | $6 |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Industrials | 410 | 0 |  | 0 | 0 |  | (32) | 0 | 0 | 0 | 0 | 0 | 378 | (32) |
| Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Energy | 38 | 0 |  | 0 | 0 |  | (22) | 0 | 0 | 0 | (16) | (16) | 0 | 0 |
| Financials | 881 | 0 |  | 0 | 0 |  | 21 | 0 | 0 | 0 | 0 | 0 | 902 | 21 |
| Health Care | 4867 | 0 |  | 0 | 0 |  | (40) | 0 | 0 | 0 | 0 | 0 | 4827 | (40) |
| Industrials | 805 | (180) |  | 0 | (53) |  | (108) | 0 | 0 | 0 | 0 | 0 | 464 | (107) |
| Warrants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Industrials | 267 | (125) |  | 0 | (29) |  | (76) | 0 | 0 | 0 | (37) | (37) | 0 | 0 |
| Totals | 13615 | $(305) | $ | 6 | $(82) | $ | (251) | $0 | 0 | 0 | $(53) | (53) | 12938 | $(152) |
| **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** |
| Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consumer Discretionary | 193 | 0 |  | 0 | 0 |  | 3 | 0 | 0 | 0 | 0 | 0 | 196 | 3 |

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<br> Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Totals | $13808 | 8 | $ | $(305) | $6 | $(82) | $(248) | $0 | $(53) | (53) | (53) | 13134 | $ | (149) |
| <br>**The following is 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 | Ending<br>Balance<br>at 06/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs |  | Input Value(s) | Input Value(s) | 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** |
| Loan Participations and Assignments | Loan Participations and Assignments | $6228 | 6228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp;X | 16.470 | 16.470 |  |  |
|  |  | 139 | 139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate |  | 40.000 | 40.000 |  |  |
| 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 |
| Industrials | Industrials | 378 | 378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote |  | 75.500 | 75.500 |  |  |
| 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 |
| Financials | Financials | 902 | 902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp;X | 5.200 | 5.200 |  |  |
| Health Care | Health Care | 3524 | 3524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp;X | 16.470 | 16.470 |  |  |
|  |  | 1303 | 1303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate |  | 20.000 | 20.000 |  |  |
| Industrials | Industrials | 464 | 464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote |  | 20.500 | 20.500 |  |  |
| **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** |
| 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 |
| Consumer Discretionary | Consumer Discretionary | 196 | 196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference Instrument/Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference Instrument/Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference Instrument/Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Stock Price w/Liquidity Discount/Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Stock Price w/Liquidity Discount/Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Stock Price w/Liquidity Discount/Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp;$/% | 0.003/20.000 | 0.003/20.000 |  |  |
| Total | Total | $13134 | 13134 |  |  |  |  |  |  |  |  |  |  |  |
| Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 30, 2025 may be due to an investment no longer held or categorized as Level 3 at period end. |

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<br> Consolidated Schedule of Investments PIMCO International Portfolio June 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 66.1% ¤** |  |  |
| **CANADA 13.1%**  |  |  |
| **SOVEREIGN ISSUES 13.1%**  |  |  |
| **CPPIB Capital, Inc.** <br>4.300% due 06/02/2034 | 11800 | $9039 |
| **Province of British Columbia** <br>4.150% due 06/18/2034 | 29000 | 21968 |
| **Province of Ontario** <br>3.800% due 12/02/2034 | 13300 | 9762 |
| **Province of Quebec**  |  |  |
| 3.600% due 09/01/2033  | 21400 | 15707 |
| 4.450% due 09/01/2034  | 13600 | 10512 |
| Total Canada (Cost $63,500) |  | 66988 |
| **JAPAN 16.3%**  |  |  |
| **SOVEREIGN ISSUES 16.3%**  |  |  |
| **Japan Government International Bond**  |  |  |
| 2.000% due 12/20/2044  | 3680000 | 24198 |
| 2.200% due 03/20/2064  | 1630000 | 9102 |
| 2.300% due 12/20/2054  | 2800000 | 17479 |
| 2.400% due 03/20/2045  | 2000000 | 13982 |
| 2.400% due 03/20/2055  | 2940000 | 18756 |
| Total Japan (Cost $85,287) |  | 83517 |
| **SUPRANATIONAL 7.6%**  |  |  |
| **CORPORATE BONDS & NOTES 7.6%**  |  |  |
| **European Investment Bank** <br>2.250% due 12/14/2029 | 3900 | 4573 |
| **European Union** <br>2.875% due 10/05/2029 | 28300 | 34015 |
| Total Supranational (Cost $34,761) |  | 38588 |
| **UNITED KINGDOM 7.6%**  |  |  |
| **SOVEREIGN ISSUES 7.6%**  |  |  |
| **United Kingdom Gilt**  |  |  |
| 0.500% due 10/22/2061  | 2900 | 1039 |
| 4.375% due 07/31/2054  | 31600 | 37598 |
| Total United Kingdom (Cost $40,558) |  | 38637 |
| **UNITED STATES 2.4%**  |  |  |
| **ASSET-BACKED SECURITIES 0.7%**  |  |  |
| **ABFC Trust** <br>5.134% due 06/25/2034 •  | $193 | 193 |
| **Amortizing Residential Collateral Trust** <br>5.134% due 10/25/2031 •  | 70 | 69 |
| **Argent Securities Trust** <br>4.614% due 07/25/2036 •  | 1163 | 313 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust** <br>4.514% due 05/25/2037 •  | 33 | 24 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>4.562% due 01/25/2032 •  | 29 | 29 |
| **Credit-Based Asset Servicing & Securitization Trust**  |  |  |
| 3.221% due 01/25/2037 •  | 242 | 71 |
| 4.554% due 11/25/2036 •  | 27 | 12 |
| **Home Equity Asset Trust** <br>5.034% due 11/25/2032 •  | 1 | 1 |
| **HSI Asset Securitization Corp. Trust** <br>4.534% due 10/25/2036 •  | 21 | 7 |
| **Long Beach Mortgage Loan Trust** <br>4.994% due 10/25/2034 •  | 25 | 24 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.594% due 09/25/2037 •  | 22 | 4 |

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<br> Consolidated Schedule of Investments PIMCO International Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **Morgan** **Stanley ABS Capital, Inc. Trust**  |  |  |
| 4.494% due 05/25/2037 •  | 34 | 31 |
| 4.534% due 11/25/2036 •  | 4004 | 1902 |
| 4.634% due 11/25/2036 •  | 1164 | 660 |
| **Soundview Home Loan Trust** <br>4.554% due 11/25/2036 •  | 217 | 59 |
| **Washington Mutual Asset-Backed Certificates Trust** <br>4.129% due 10/25/2036 •  | 21 | 7 |
|  |  | 3406 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.6%**  |  |  |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.810% due 08/25/2036 ~  | 18 | 12 |
| 5.174% due 01/25/2036 ~  | 224 | 212 |
| **Citigroup Mortgage Loan Trust** <br>5.988% due 08/25/2035 ~ | 5 | 5 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.612% due 02/20/2047 •  | 2430 | 1952 |
| 4.754% due 02/25/2047 •  | 49 | 48 |
| 4.852% due 03/20/2046 •  | 196 | 180 |
| 4.954% due 12/25/2035 •  | 20 | 19 |
| 4.994% due 12/25/2035 •  | 128 | 117 |
| 4.994% due 02/25/2037 •  | 58 | 49 |
| 5.034% due 08/25/2035 •  | 158 | 149 |
| 5.034% due 12/25/2035 •  | 560 | 429 |
| 5.134% due 09/25/2035 •  | 505 | 461 |
| **Countrywide Home Loan Mortgage Pass-Through Trust**  |  |  |
| 4.894% due 05/25/2035 •  | 62 | 54 |
| 5.014% due 03/25/2035 •  | 235 | 208 |
| 5.014% due 04/25/2035 •  | 1 | 1 |
| 5.034% due 03/25/2035 •  | 29 | 17 |
| 5.074% due 03/25/2035 •  | 1262 | 1175 |
| 5.094% due 02/25/2035 •  | 5 | 4 |
| 5.194% due 09/25/2034 •  | 2 | 2 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>6.500% due 04/25/2033 | 2 | 2 |
| **Deutsche Alt-B Securities Mortgage Loan Trust** <br>4.534% due 10/25/2036 •  | 1 | 1 |
| **DSLA Mortgage Loan Trust**  |  |  |
| 4.852% due 03/19/2045 •  | 94 | 89 |
| 4.952% due 08/19/2045 •  | 71 | 63 |
| 5.092% due 09/19/2045 •  | 929 | 486 |
| **GreenPoint MTA Trust** <br>4.894% due 06/25/2045 •  | 586 | 464 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.912% due 06/19/2035 •  | 78 | 76 |
| 4.912% due 01/19/2036 •  | 9 | 9 |
| 4.912% due 03/19/2036 •  | 599 | 548 |
| 4.932% due 01/19/2036 •  | 1118 | 727 |
| 5.052% due 11/19/2035 •  | 57 | 37 |
| 5.092% due 09/19/2035 •  | 7 | 4 |
| 5.112% due 06/20/2035 •  | 26 | 25 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust** <br>4.413% due 10/25/2035 ~ | 7 | 7 |
| **Residential Accredit Loans, Inc. Trust** <br>4.854% due 04/25/2046 •  | 117 | 30 |
| **Sequoia Mortgage Trust**  |  |  |
| 5.132% due 10/19/2026 •  | 1 | 1 |
| 5.132% due 07/20/2033 •  | 125 | 124 |
| 5.366% due 10/20/2034 •  | 98 | 88 |
| **Structured Asset Mortgage Investments Trust** <br>5.012% due 07/19/2034 •  | 1 | 1 |
| **Thornburg Mortgage Securities Trust** <br>4.974% due 03/25/2044 •  | 18 | 18 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.068% due 12/25/2046 •  | 49 | 43 |
| 4.182% due 02/27/2034 •  | 2 | 2 |
| 5.014% due 10/25/2045 •  | 6 | 6 |
| 5.054% due 01/25/2045 •  | 3 | 3 |
| 5.074% due 01/25/2045 •  | 4 | 4 |
| 5.074% due 07/25/2045 •  | 4 | 4 |
| 5.599% due 11/25/2042 •  | 1 | 1 |
| 5.799% due 08/25/2042 •  | 3 | 3 |
| 5.899% due 10/25/2046 •  | 15 | 14 |
| 5.899% due 11/25/2046 •  | 199 | 176 |
|  |  | 8150 |
| **U.S. GOVERNMENT AGENCIES 0.1%**  |  |  |
| **Fannie Mae**  |  |  |
| 4.556% due 03/25/2034 •  | 1 | 1 |
| 4.770% due 09/25/2042 •  | 12 | 12 |
| 6.000% due 07/25/2044 | 6 | 7 |
| 6.009% due 12/01/2034 •  | 1 | 1 |
| 7.037% due 11/01/2034 •  | 5 | 5 |

---

------

<br> Consolidated Schedule of Investments PIMCO International Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Freddie** **Mac**  |  |  |
| 4.584% due 09/25/2035 •  | 452 | 443 |
| 4.700% due 09/25/2031 •  | 4 | 4 |
| 5.599% due 10/25/2044 - 02/25/2045 •  | 34 | 32 |
| 5.799% due 07/25/2044 •  | 6 | 6 |
| 6.500% due 07/15/2028 | 27 | 27 |
| 6.894% due 10/01/2036 •  | 7 | 7 |
| **Ginnie Mae**  |  |  |
| 4.875% (H15T1Y + 1.500%) due 04/20/2026 - 05/20/2026 ~ | 2 | 1 |
| 5.000% due 04/20/2030 - 06/20/2030 •  | 76 | 77 |
| 6.000% due 08/20/2034 | 125 | 127 |
|  |  | 750 |
| Total United States (Cost $18,099) |  | 12306 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 19.1%**  |  |  |
| **MUTUAL FUNDS 0.1%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class**<br> 4.380% (c) | 508470 | 509 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **REPURCHASE AGREEMENTS (d) 18.5%** |  | 94600 |
| **U.S. TREASURY BILLS 0.5%**  |  |  |
| 4.319% due 08/19/2025 - 10/21/2025 (a)(b)(g) | $2623 | 2595 |
| Total Short-Term Instruments (Cost $97,704) |  | 97704 |
| Total Investments in Securities (Cost $339,909) |  | 337740 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 35.8%**  |  |  |
| **SHORT-TERM INSTRUMENTS 35.8%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 35.8%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 18817104 | 183222 |
| Total Short-Term Instruments (Cost $183,125) |  | 183222 |
| Total Investments in Affiliates (Cost $183,125) |  | 183222 |
| Total Investments 101.9% (Cost $523,034) |  | $520962 |
| **Financial Derivative Instruments (e)(f) (0.4)**%(Cost or Premiums, net $(10065)) |  | (2015) |
| Other Assets and Liabilities, net (1.5)% |  | (7850) |
| Net Assets 100.0% |  | $511097 |

---

------

<br> Consolidated Schedule of Investments PIMCO International Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(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.** | **Zero coupon security.** |
| **(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.** | **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** | **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:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Lending<br>Rate | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 4.440%  | 07/01/2025 | $38600 | 38600 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | $(39434) | (39434) | (39434) | $38600 | 38600 | $38605 |
|  | 4.440  | 07/02/2025 | 33300 | 33300 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | (34015) | (34015) | (34015) | 33300 | 33300 | 33300 |
| SAL | 4.410  | 07/01/2025 | 22700 | 22700 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/07/2025 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/07/2025 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/07/2025 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 10/07/2025 | (23163) | (23163) | (23163) | 22700 | 22700 | 22703 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  | $**(96612)** | **(96612)** | **(96612)** | $**94600** | **94600** | $**94608** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| **(e)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> |
| Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional Amount | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - EUREX Euro-Bobl July 2025 Futures  | Put - EUREX Euro-Bobl July 2025 Futures  | Put - EUREX Euro-Bobl July 2025 Futures  | Put - EUREX Euro-Bobl July 2025 Futures  | Put - EUREX Euro-Bobl July 2025 Futures  | 117.250 | 117.250 | 07/25/2025 | $42 | 42 | 42 | (9) | (9) | $ | (9) |
| Call - EUREX Euro-Bobl July 2025 Futures  | Call - EUREX Euro-Bobl July 2025 Futures  | Call - EUREX Euro-Bobl July 2025 Futures  | Call - EUREX Euro-Bobl July 2025 Futures  | Call - EUREX Euro-Bobl July 2025 Futures  | 118.500 | 118.500 | 07/25/2025 | 42 | 42 | 42 | (8) | (8) |  | (5) |
| Put - EUREX Euro-Bund July 2025 Futures  | Put - EUREX Euro-Bund July 2025 Futures  | Put - EUREX Euro-Bund July 2025 Futures  | Put - EUREX Euro-Bund July 2025 Futures  | Put - EUREX Euro-Bund July 2025 Futures  | 129.000 | 129.000 | 07/25/2025 | 28 | 28 | 28 | (13) | (13) |  | (11) |
| Call - EUREX Euro-Bund July 2025 Futures  | Call - EUREX Euro-Bund July 2025 Futures  | Call - EUREX Euro-Bund July 2025 Futures  | Call - EUREX Euro-Bund July 2025 Futures  | Call - EUREX Euro-Bund July 2025 Futures  | 132.500 | 132.500 | 07/25/2025 | 28 | 28 | 28 | (15) | (15) |  | (5) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **$** | **(45)** | **(45)** | **$** | **(30)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Canada Government 10-Year Bond September Futures  | Canada Government 10-Year Bond September Futures  | Canada Government 10-Year Bond September Futures  | 09/2025 | 953 | 953 | $85380 | 85380 | 736 | 736 | 736 | $189 | 189 | 189 | 0 |
| United Kingdom Long Gilt September Futures  | United Kingdom Long Gilt September Futures  | United Kingdom Long Gilt September Futures  | 09/2025 | 144 | 144 | 18388 | 18388 | 432 | 432 | 432 | 20 | 20 | 20 | (63) |
|  |  |  |  |  |  |  |  | 1168 | 1168 | $ | 209 | 209 | $ | (63) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Euro-Bobl September Futures  | Euro-Bobl September Futures  | Euro-Bobl September Futures  | 09/2025 | 20 | 20 | $(2772) | (2772) | 12 | 12 | 12 | $6 | 6 | 6 | (2) |
| Euro-Bund September Futures  | Euro-Bund September Futures  | Euro-Bund September Futures  | 09/2025 | 635 | 635 | (97352) | (97352) | 693 | 693 | 693 | 276 | 276 | 276 | (22) |
|  |  |  |  |  |  |  |  | 705 | 705 | $ | 282 | 282 | $ | (24) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **1873** | **1873** | **$** | **491** | **491** | **$** | **(87)** |

---

------

<br> Consolidated Schedule of Investments PIMCO International Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **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> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Liability |
| Pay | Pay | 1-Day GBP-SONIO Compounded-OIS | 3.750% | Annual | 03/19/2027 | GBP | 76900 | (165) | 135 | (30) | 0 | $(12) |
| Pay | Pay | 1-Day GBP-SONIO Compounded-OIS | 3.500 | Annual | 03/19/2030 |  | 30700 | (846) | 464 | (382) | 0 | (2) |
| Pay | Pay | 1-Day GBP-SONIO Compounded-OIS | 3.500 | Annual | 03/19/2035 |  | 1500 | (111) | 27 | (84) | 0 | (1) |
| Receive | Receive | 1-Day GBP-SONIO Compounded-OIS | 3.750 | Annual | 03/19/2055 |  | 4200 | 536 | 147 | 683 | 14 | 0 |
| Receive | Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 06/18/2032 | JPY | 17200000 | (3156) | 1287 | (1869) | 200 | 0 |
| Pay | Pay | 3-Month AUD-BBR-BBSW | 3.750 | Semi-Annual | 03/19/2030 | AUD | 31900 | (9) | 129 | 120 | 0 | (9) |
| Receive | Receive | 3-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 |  | 4100 | (65) | (32) | (97) | 8 | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.400 | Annual | 04/09/2030 | EUR | 5900 | (12) | (36) | (48) | 6 | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.350 | Annual | 04/29/2030 |  | 5300 | (10) | (21) | (31) | 6 | 0 |
| Pay | Pay | 3-Month EUR-EURIBOR | 2.380 | Annual | 12/31/2034 |  | 3300 | (9) | (8) | (17) | 0 | (7) |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.510 | Annual | 04/09/2035 |  | 4000 | (14) | 45 | 31 | 8 | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.530 | Annual | 04/23/2035 |  | 5000 | (20) | 47 | 27 | 10 | 0 |
| Receive | Receive | 3-Month EUR-EURIBOR | 2.450 | Annual | 05/05/2035 |  | 3900 | (13) | 68 | 55 | 8 | 0 |
| Pay | Pay | 3-Month NZD-BBR | 3.750 | Semi-Annual | 06/15/2027 | NZD | 132500 | (999) | 1869 | 870 | 0 | (36) |
| Receive | Receive | 6-Month AUD-BBR-BBSW | 4.000 | Semi-Annual | 06/18/2030 | AUD | 1900 | (14) | (9) | (23) | 1 | 0 |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/20/2033 |  | 50600 | (941) | 2289 | 1348 | 0 | (57) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 03/20/2034 |  | 25400 | (412) | 1070 | 658 | 0 | (33) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/18/2034 |  | 81700 | 477 | 1580 | 2057 | 0 | (119) |
| Pay<sup>(3)</sup> | Pay<sup>(3)</sup> | 6-Month EUR-EURIBOR | 2.000 | Annual | 09/17/2027 | EUR | 134900 | (942) | 970 | 28 | 0 | (46) |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.063 | Annual | 10/05/2029 |  | 32200 | 0 | 18 | 18 | 47 | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.280 | Annual | 03/04/2030 |  | 4200 | (6) | 0 | (6) | 5 | 0 |
| Receive<sup>(3)</sup> | Receive<sup>(3)</sup> | 6-Month EUR-EURIBOR | 2.250 | Annual | 09/17/2030 |  | 10400 | 165 | (147) | 18 | 11 | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.420 | Annual | 03/07/2035 |  | 4000 | (10) | (57) | (67) | 0 | (8) |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.460 | Annual | 03/13/2035 |  | 4100 | (11) | (42) | (53) | 0 | (8) |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.610 | Annual | 03/24/2035 |  | 3900 | (11) | 20 | 9 | 0 | (8) |
| Pay<sup>(3)</sup> | Pay<sup>(3)</sup> | 6-Month EUR-EURIBOR | 2.250 | Annual | 09/17/2035 |  | 147180 | (5530) | (103) | (5633) | 0 | (298) |
| Receive<sup>(3)</sup> | Receive<sup>(3)</sup> | 6-Month EUR-EURIBOR | 2.250 | Annual | 09/17/2055 |  | 60000 | 3932 | 3415 | 7347 | 258 | 0 |
| Pay | Pay | CAONREPO | 3.000 | Semi-Annual | 06/18/2030 | CAD | 1500 | 26 | (6) | 20 | 1 | 0 |
| Receive | Receive | CAONREPO | 3.500 | Semi-Annual | 06/01/2032 |  | 82700 | (666) | (2224) | (2890) | 0 | (124) |
| Receive | Receive | CAONREPO | 2.850 | Semi-Annual | 06/01/2033 |  | 15600 | 130 | (147) | (17) | 0 | (27) |
| Receive | Receive | CAONREPO | 2.900 | Semi-Annual | 06/01/2033 |  | 11100 | (44) | 3 | (41) | 0 | (19) |
| Receive | Receive | CAONREPO | 3.000 | Semi-Annual | 06/01/2033 |  | 15700 | (13) | (128) | (141) | 0 | (27) |
| Receive | Receive | CAONREPO | 3.750 | Semi-Annual | 12/20/2033 |  | 32500 | (1356) | (234) | (1590) | 0 | (65) |
| Receive | Receive | CAONREPO | 3.000 | Semi-Annual | 06/01/2034 |  | 41100 | 67 | (310) | (243) | 0 | (87) |
| Pay | Pay | CAONREPO | 3.250 | Semi-Annual | 06/18/2035 |  | 2500 | 54 | (8) | 46 | 7 | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **$** | **$** | **$** | **$** | **(993)** |
| **Cash of $15,930 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $15,930 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $15,930 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $15,930 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $15,930 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $15,930 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $15,930 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $15,930 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $15,930 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $15,930 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $15,930 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $15,930 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $15,930 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** |
| <sup>(1)</sup> | Future styled option variation margin asset of $8 and liability of $(6) is outstanding at period end. | Future styled option variation margin asset of $8 and liability of $(6) is outstanding at period end. | Future styled option variation margin asset of $8 and liability of $(6) is outstanding at period end. | Future styled option variation margin asset of $8 and liability of $(6) is outstanding at period end. | Future styled option variation margin asset of $8 and liability of $(6) is outstanding at period end. | Future styled option variation margin asset of $8 and liability of $(6) is outstanding at period end. | Future styled option variation margin asset of $8 and liability of $(6) is outstanding at period end. | Future styled option variation margin asset of $8 and liability of $(6) is outstanding at period end. | Future styled option variation margin asset of $8 and liability of $(6) is outstanding at period end. | Future styled option variation margin asset of $8 and liability of $(6) is outstanding at period end. | Future styled option variation margin asset of $8 and liability of $(6) is outstanding at period end. | Future styled option variation margin asset of $8 and liability of $(6) is outstanding at period end. |
| <sup>(2)</sup> | Unsettled variation margin asset of $179 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $179 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $179 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $179 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $179 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $179 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $179 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $179 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $179 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $179 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $179 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $179 for closed swap agreements is outstanding at period end. |
| <sup>(3)</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. |
| **(f)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |

---

------

<br> Consolidated Schedule of Investments PIMCO International Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | 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 | Asset | Asset | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | 07/2025  | 07/2025  | 1672 | 1672 | $ | 1086 | 1086 | $0 | 0 | 0 | (14) |
|  | 07/2025  | 07/2025  | 18 | 18 |  | 13 | 13 | 0 | 0 | 0 | 0 |
|  | 07/2025  | 07/2025  | 304 | 304 |  | 356 | 356 | 0 | 0 | 0 | (2) |
|  | 07/2025  | 07/2025  | 3000 | 3000 |  | 1805 | 1805 | 0 | 0 | 0 | (23) |
|  | 08/2025  | 08/2025  | $1087 | 1087 | AUD | 1672 | 1672 | 14 | 14 | 14 | 0 |
|  | 08/2025  | 08/2025  | 13 | 13 | CAD | 18 | 18 | 0 | 0 | 0 | 0 |
|  | 08/2025  | 08/2025  | 356 | 356 | EUR | 304 | 304 | 2 | 2 | 2 | 0 |
|  | 08/2025  | 08/2025  | 1807 | 1807 | NZD | 3000 | 3000 | 23 | 23 | 23 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | 07/2025  | 07/2025  | 33498 | 33498 | $ | 38089 | 38089 | 0 | 0 | 0 | (1370) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 07/2025  | 07/2025  | $682 | 682 | AUD | 1051 | 1051 | 10 | 10 | 10 | 0 |
|  | 08/2025  | 08/2025  | 134005 | 134005 | $ | 932 | 932 | 0 | 0 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 07/2025  | 07/2025  | 958 | 958 |  | 694 | 694 | 0 | 0 | 0 | (9) |
|  | 07/2025  | 07/2025  | $38473 | 38473 | GBP | 28282 | 28282 | 348 | 348 | 348 | 0 |
|  | 08/2025  | 08/2025  | 27730 | 27730 | $ | 37736 | 37736 | 0 | 0 | 0 | (334) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 07/2025  | 07/2025  | $51 | 51 | DKK | 336 | 336 | 2 | 2 | 2 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 07/2025  | 07/2025  | 34 | 34 | $ | 24 | 24 | 0 | 0 | 0 | 0 |
|  | 07/2025  | 07/2025  | $615 | 615 | EUR | 525 | 525 | 4 | 4 | 4 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 07/2025  | 07/2025  | 253 | 253 | $ | 40 | 40 | 0 | 0 | 0 | 0 |
|  | 07/2025  | 07/2025  | $645 | 645 | AUD | 1002 | 1002 | 14 | 14 | 14 | 0 |
|  | 07/2025  | 07/2025  | 38861 | 38861 | EUR | 33498 | 33498 | 598 | 598 | 598 | 0 |
|  | 08/2025  | 08/2025  | 33424 | 33424 | $ | 38861 | 38861 | 0 | 0 | 0 | (597) |
|  | 08/2025  | 08/2025  | $40 | 40 | DKK | 252 | 252 | 0 | 0 | 0 | 0 |
|  | 09/2025  | 09/2025  | 0 | 0 | MXN | 5 | 5 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 07/2025  | 07/2025  | 1051 | 1051 | $ | 687 | 687 | 0 | 0 | 0 | (5) |
|  | 07/2025  | 07/2025  | 344 | 344 |  | 54 | 54 | 0 | 0 | 0 | 0 |
|  | 07/2025  | 07/2025  | 5604212 | 5604212 |  | 39065 | 39065 | 148 | 148 | 148 | 0 |
|  | 07/2025  | 07/2025  | $432 | 432 | AUD | 670 | 670 | 9 | 9 | 9 | 0 |
|  | 07/2025  | 07/2025  | 22761 | 22761 | JPY | 3313032 | 3313032 | 246 | 246 | 246 | 0 |
|  | 08/2025  | 08/2025  | 3300848 | 3300848 | $ | 22761 | 22761 | 0 | 0 | 0 | (246) |
|  | 08/2025  | 08/2025  | $688 | 688 | AUD | 1051 | 1051 | 5 | 5 | 5 | 0 |
|  | 08/2025  | 08/2025  | 54 | 54 | DKK | 343 | 343 | 0 | 0 | 0 | 0 |
|  | 09/2025  | 09/2025  | 4157 | 4157 | $ | 213 | 213 | 0 | 0 | 0 | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 07/2025  | 07/2025  | $540 | 540 | CAD | 740 | 740 | 3 | 3 | 3 | 0 |
|  | 07/2025  | 07/2025  | 39 | 39 | DKK | 260 | 260 | 2 | 2 | 2 | 0 |
|  | 07/2025  | 07/2025  | 1789 | 1789 | NZD | 3000 | 3000 | 39 | 39 | 39 | 0 |
|  | 08/2025  | 08/2025  | 10 | 10 | CNH | 72 | 72 | 0 | 0 | 0 | 0 |
|  | 08/2025  | 08/2025  | 617 | 617 | EUR | 525 | 525 | 3 | 3 | 3 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 07/2025  | 07/2025  | 77021 | 77021 | $ | 56078 | 56078 | 0 | 0 | 0 | (483) |
|  | 07/2025  | 07/2025  | 4507081 | 4507081 |  | 31362 | 31362 | 64 | 64 | 64 | 0 |
|  | 07/2025  | 07/2025  | $65645 | 65645 | CAD | 90222 | 90222 | 613 | 613 | 613 | (3) |
|  | 07/2025  | 07/2025  | 356 | 356 | EUR | 304 | 304 | 2 | 2 | 2 | 0 |
|  | 07/2025  | 07/2025  | 697 | 697 | GBP | 514 | 514 | 9 | 9 | 9 | 0 |
|  | 07/2025  | 07/2025  | 476 | 476 | JPY | 69100 | 69100 | 4 | 4 | 4 | 0 |
|  | 08/2025  | 08/2025  | 89100 | 89100 | $ | 64927 | 64927 | 0 | 0 | 0 | (615) |
|  | 08/2025  | 08/2025  | 712754 | 712754 |  | 4961 | 4961 | 0 | 0 | 0 | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 07/2025  | 07/2025  | 12917 | 12917 |  | 9509 | 9509 | 23 | 23 | 23 | 0 |
|  | 07/2025  | 07/2025  | $16460 | 16460 | JPY | 2377114 | 2377114 | 48 | 48 | 48 | 0 |
|  | 08/2025  | 08/2025  | 2368358 | 2368358 | $ | 16460 | 16460 | 0 | 0 | 0 | (48) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 07/2025  | 07/2025  | $40631 | 40631 | JPY | 5865089 | 5865089 | 97 | 97 | 97 | 0 |
|  | 08/2025  | 08/2025  | 5843567 | 5843567 | $ | 40631 | 40631 | 0 | 0 | 0 | (98) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | 07/2025  | 07/2025  | 14 | 14 |  | 10 | 10 | 0 | 0 | 0 | 0 |
|  | 07/2025  | 07/2025  | 28795 | 28795 |  | 38990 | 38990 | 0 | 0 | 0 | (537) |
|  | 08/2025  | 08/2025  | 855 | 855 |  | 627 | 627 | 0 | 0 | 0 | (2) |
|  | 08/2025  | 08/2025  | $10 | 10 | CAD | 14 | 14 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | 07/2025  | 07/2025  | 2363548 | 2363548 | $ | 16329 | 16329 | 0 | 0 | 0 | (84) |
| **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** | **$** | **2330** | **2330** | **$** | **(4485)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Exercise<br>Rate | Exercise<br>Rate | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value |
| Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.460% | 2.460% | 3600 | 3600 | 3600 | $(11) | (11) | $(4) |
| Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.720 | 2.720 | 3600 | 3600 | 3600 | (11) | (11) | (6) |
| **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** | $**(22)** | **(22)** | $**(10)** |
| **Securities with an aggregate market value of $1,929 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,929 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,929 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,929 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,929 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,929 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,929 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,929 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,929 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,929 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,929 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $1,929 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** |
| 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** |

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<br> Consolidated Schedule of Investments PIMCO International Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| **The** **following is a summary of the fair valuations according to the inputs used as of June 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 June 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 June 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 June 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 June 30, 2025 in valuing the Portfolio's assets and liabilities**: |
| Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 06/30/2025 |
| **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** |
| Canada | Canada | Canada | Canada | Canada |
| Sovereign Issues | $0 | $66988 | $0 | $66988 |
| Japan | Japan | Japan | Japan | Japan |
| Sovereign Issues | 0 | 83517 | 0 | 83517 |
| Supranational | Supranational | Supranational | Supranational | Supranational |
| Corporate Bonds & Notes | 0 | 38588 | 0 | 38588 |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |
| Sovereign Issues | 0 | 38637 | 0 | 38637 |
| United States | United States | United States | United States | United States |
| Asset-Backed Securities | 0 | 3406 | 0 | 3406 |
| Non-Agency Mortgage-Backed Securities | 0 | 8150 | 0 | 8150 |
| U.S. Government Agencies | 0 | 750 | 0 | 750 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | 0 | 509 | 0 | 509 |
| Repurchase Agreements | 0 | 94600 | 0 | 94600 |
| U.S. Treasury Bills | 0 | 2595 | 0 | 2595 |
|  | $0 | $337740 | $0 | $337740 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $183222 | $0 | $0 | $183222 |
| Total Investments | $183222 | $337740 | $0 | $520962 |
| **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 | 491 | 590 | 0 | 1081 |
| Over the counter | 0 | 2330 | 0 | 2330 |
|  | $491 | $2920 | $0 | $3411 |
| **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 | (117) | (993) | 0 | (1110) |
| Over the counter | 0 | (4495) | 0 | (4495) |
|  | $(117) | $(5488) | $0 | $(5605) |
| Total Financial Derivative Instruments | $374 | $(2568) | $0 | $(2194) |
| Totals | $183596 | $335172 | $0 | $518768 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

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<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio June 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 104.8% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **Castlelake LP**<br>2.950% due 05/13/2031 « | $5206 | $4918 |
| Total Loan Participations and Assignments (Cost $5,201) |  | 4918 |
| **CORPORATE BONDS & NOTES 85.3%**  |  |  |
| **BANKING & FINANCE 45.7%**  |  |  |
| **AerCap Ireland Capital DAC**  |  |  |
| 2.450% due 10/29/2026  | 5061 | 4932 |
| 4.450% due 04/03/2026  | 10275 | 10260 |
| **Aircastle Ltd.**  |  |  |
| 2.850% due 01/26/2028  | 8600 | 8191 |
| 5.950% due 02/15/2029  | 2471 | 2554 |
| 6.500% due 07/18/2028  | 1000 | 1045 |
| **Ally Financial, Inc.**  |  |  |
| 6.992% due 06/13/2029 •  | 2068 | 2178 |
| 8.000% due 11/01/2031 (i)  | 3275 | 3731 |
| **American Assets Trust LP**  |  |  |
| 3.375% due 02/01/2031  | 6900 | 6182 |
| 6.150% due 10/01/2034  | 3000 | 3000 |
| **American Homes 4 Rent LP**  |  |  |
| 3.625% due 04/15/2032  | 9000 | 8310 |
| 4.250% due 02/15/2028  | 962 | 957 |
| 4.900% due 02/15/2029  | 340 | 344 |
| **American Tower Corp.**  |  |  |
| 1.500% due 01/31/2028  | 1000 | 932 |
| 2.700% due 04/15/2031  | 4000 | 3589 |
| 2.750% due 01/15/2027  | 8800 | 8594 |
| 3.550% due 07/15/2027  | 2711 | 2673 |
| 3.800% due 08/15/2029  | 525 | 511 |
| 3.950% due 03/15/2029  | 1000 | 979 |
| 4.050% due 03/15/2032  | 10100 | 9665 |
| 5.000% due 01/31/2030  | 5300 | 5405 |
| 5.200% due 02/15/2029  | 600 | 614 |
| **Americold Realty Operating Partnership LP** <br>5.600% due 05/15/2032 | 100 | 101 |
| **Antares Holdings LP**  |  |  |
| 2.750% due 01/15/2027  | 6000 | 5761 |
| 3.750% due 07/15/2027  | 6100 | 5867 |
| 3.950% due 07/15/2026  | 5400 | 5314 |
| 6.350% due 10/23/2029  | 3500 | 3537 |
| 6.500% due 02/08/2029  | 2000 | 2027 |
| **Aon North America, Inc.** <br>5.150% due 03/01/2029 | 1650 | 1690 |
| **Apollo Debt Solutions BDC**  |  |  |
| 6.700% due 07/29/2031  | 2700 | 2807 |
| 6.900% due 04/13/2029  | 800 | 835 |
| **Arch Capital Group Ltd.** <br>3.635% due 06/30/2050 | 1235 | 901 |
| **Ares Finance Co. LLC** <br>4.125% due 06/30/2051 •  | 100 | 98 |
| **Ares Management Corp.** <br>6.375% due 11/10/2028 | 8200 | 8695 |
| **Assured Guaranty U.S. Holdings, Inc.** <br>6.125% due 09/15/2028 | 6000 | 6310 |
| **Athene Global Funding** <br>5.622% due 03/25/2027 ~ | 15000 | 15118 |
| **Aviation Capital Group LLC**  |  |  |
| 1.950% due 01/30/2026  | 2036 | 2004 |
| 3.500% due 11/01/2027  | 9876 | 9628 |
| 4.125% due 08/01/2025  | 943 | 942 |
| 4.875% due 10/01/2025  | 1500 | 1499 |
| 5.375% due 07/15/2029  | 6400 | 6521 |
| **Avolon Holdings Funding Ltd.**  |  |  |
| 2.528% due 11/18/2027  | 18679 | 17764 |
| 4.950% due 01/15/2028  | 2000 | 2011 |
| 5.150% due 01/15/2030  | 1000 | 1008 |
| **Banco Bilbao Vizcaya Argentaria SA**  |  |  |
| 6.033% due 03/13/2035 •  | 1000 | 1043 |
| 7.883% due 11/15/2034 •  | 1800 | 2046 |
| **Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa** <br>4.375% due 04/11/2027 | 1700 | 1683 |

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<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **Banco** **Santander SA**  |  |  |
| 4.175% due 03/24/2028 •  | 2000 | 1989 |
| 5.294% due 08/18/2027  | 2000 | 2034 |
| 5.538% due 03/14/2030 •  | 1000 | 1031 |
| 6.607% due 11/07/2028 (i)  | 18700 | 19952 |
| **Bangkok Bank PCL** <br>3.466% due 09/23/2036 •(f) | 200 | 178 |
| **Bank of America Corp.**  |  |  |
| 1.898% due 07/23/2031 •  | 2000 | 1758 |
| 1.922% due 10/24/2031 •  | 2000 | 1745 |
| 3.419% due 12/20/2028 •  | 2905 | 2840 |
| 3.593% due 07/21/2028 •  | 347 | 342 |
| 3.824% due 01/20/2028 •  | 3000 | 2975 |
| 3.970% due 03/05/2029 •  | 2300 | 2275 |
| 5.365% due 01/24/2031 ~  | 3900 | 3889 |
| 5.819% due 09/15/2029 •  | 6845 | 7132 |
| 6.204% due 11/10/2028 •  | 681 | 709 |
| **Barclays PLC**  |  |  |
| 2.645% due 06/24/2031 •  | 14600 | 13191 |
| 5.304% due 08/09/2026 •  | 325 | 325 |
| 5.501% due 08/09/2028 •  | 1470 | 1500 |
| 6.224% due 05/09/2034 •  | 10500 | 11148 |
| 6.278% due 09/13/2027 ~  | 15000 | 15222 |
| 7.385% due 11/02/2028 •  | 500 | 531 |
| 7.437% due 11/02/2033 •  | 1400 | 1589 |
| **BGC Group, Inc.** <br>4.375% due 12/15/2025 | 6200 | 6182 |
| **Blackstone Holdings Finance Co. LLC**  |  |  |
| 1.625% due 08/05/2028  | 7200 | 6636 |
| 2.500% due 01/10/2030  | 1200 | 1102 |
| **Blackstone Secured Lending Fund** <br>5.875% due 11/15/2027 | 1400 | 1430 |
| **Blue Owl Finance LLC**  |  |  |
| 3.125% due 06/10/2031  | 100 | 89 |
| 4.125% due 10/07/2051  | 2300 | 1576 |
| **BNP Paribas SA**  |  |  |
| 2.871% due 04/19/2032 •  | 7400 | 6633 |
| 5.786% due 01/13/2033 •  | 6200 | 6454 |
| 7.375% due 09/10/2034 •(e)(f)  | 8500 | 8654 |
| **BPCE SA**  |  |  |
| 1.652% due 10/06/2026 •  | 750 | 744 |
| 5.716% due 01/18/2030 •  | 600 | 618 |
| 5.876% due 01/14/2031 •  | 6400 | 6641 |
| 5.936% due 05/30/2035 •  | 2491 | 2554 |
| 5.975% due 01/18/2027 •  | 4919 | 4953 |
| **Brookfield Capital Finance LLC** <br>6.087% due 06/14/2033 | 6000 | 6351 |
| **Brookfield Finance, Inc.**  |  |  |
| 3.900% due 01/25/2028  | 1598 | 1580 |
| 5.675% due 01/15/2035  | 1000 | 1027 |
| 5.968% due 03/04/2054  | 450 | 450 |
| **Brown & Brown, Inc.** <br>5.550% due 06/23/2035 | 2300 | 2346 |
| **CaixaBank SA** <br>6.037% due 06/15/2035 •  | 1800 | 1884 |
| **Cantor Fitzgerald LP** <br>7.200% due 12/12/2028 | 5000 | 5310 |
| **Capital One Financial Corp.** <br>6.312% due 06/08/2029 •  | 2500 | 2625 |
| **CBRE Services, Inc.** <br>5.500% due 04/01/2029 | 400 | 414 |
| **CI Financial Corp.**  |  |  |
| 3.200% due 12/17/2030  | 1127 | 995 |
| 4.100% due 06/15/2051  | 1000 | 712 |
| 7.500% due 05/30/2029  | 800 | 844 |
| **Citadel Securities Global Holdings LLC**  |  |  |
| 5.500% due 06/18/2030  | 1500 | 1518 |
| 6.200% due 06/18/2035  | 3800 | 3901 |
| **Citibank NA** <br>5.488% due 12/04/2026 | 6000 | 6097 |
| **Citigroup, Inc.** <br>3.887% due 01/10/2028 •  | 1100 | 1090 |
| **Citizens Bank NA** <br>3.750% due 02/18/2026 | 1170 | 1163 |
| **CNA Financial Corp.** <br>5.500% due 06/15/2033 | 5600 | 5748 |
| **Cooperatieve Rabobank UA** <br>5.447% due 03/05/2030 •  | 8371 | 8636 |
| **Corebridge Global Funding** <br>4.900% due 01/07/2028 | 2500 | 2539 |
| **CoStar Group, Inc.** <br>2.800% due 07/15/2030 | 3000 | 2715 |
| **Crown Castle, Inc.** <br>3.100% due 11/15/2029 | 4000 | 3755 |
| **Deutsche Bank AG**  |  |  |
| 3.547% due 09/18/2031 •  | 1600 | 1497 |

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<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| 4.999% due 09/11/2030 •  | 3600 | 3628 |
| 5.706% due 02/08/2028 •  | 4200 | 4270 |
| 6.720% due 01/18/2029 •  | 6807 | 7152 |
| 7.146% due 07/13/2027 •  | 1729 | 1773 |
| **Digital Realty Trust LP** <br>5.550% due 01/15/2028 | 500 | 513 |
| **Doctors Co. An Interinsurance Exchange** <br>4.500% due 01/18/2032 | 5200 | 4632 |
| **EPR Properties**  |  |  |
| 3.750% due 08/15/2029  | 2000 | 1905 |
| 4.500% due 06/01/2027  | 1200 | 1194 |
| 4.750% due 12/15/2026  | 8200 | 8191 |
| 4.950% due 04/15/2028  | 4700 | 4693 |
| **Equitable Financial Life Global Funding** <br>1.800% due 03/08/2028 | 7000 | 6545 |
| **Essex Portfolio LP** <br>3.000% due 01/15/2030 | 4200 | 3933 |
| **Extra Space Storage LP**  |  |  |
| 2.350% due 03/15/2032  | 1600 | 1358 |
| 3.875% due 12/15/2027  | 2274 | 2249 |
| **F&G Global Funding** <br>5.875% due 01/16/2030 | 3300 | 3395 |
| **Fairfax Financial Holdings Ltd.**  |  |  |
| 4.625% due 04/29/2030  | 4300 | 4279 |
| 6.000% due 12/07/2033  | 3600 | 3757 |
| **Federation des Caisses Desjardins du Quebec** <br>4.985% due 01/27/2027 ~ | 1600 | 1601 |
| **First American Financial Corp.** <br>2.400% due 08/15/2031 | 2268 | 1938 |
| **FMR LLC**  |  |  |
| 4.950% due 02/01/2033  | 1600 | 1602 |
| 5.150% due 02/01/2043  | 300 | 285 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 2.700% due 08/10/2026  | 400 | 390 |
| 3.815% due 11/02/2027  | 6595 | 6369 |
| 4.125% due 08/17/2027  | 5790 | 5661 |
| 4.271% due 01/09/2027  | 3330 | 3283 |
| 4.542% due 08/01/2026  | 4765 | 4734 |
| 4.950% due 05/28/2027  | 1050 | 1044 |
| 5.125% due 11/05/2026  | 8016 | 7999 |
| 5.800% due 03/05/2027  | 10315 | 10400 |
| 5.800% due 03/08/2029  | 4000 | 4010 |
| 5.850% due 05/17/2027  | 1574 | 1587 |
| 6.950% due 03/06/2026  | 1889 | 1907 |
| 6.950% due 06/10/2026  | 2950 | 2991 |
| **FS KKR Capital Corp.**  |  |  |
| 2.625% due 01/15/2027  | 100 | 96 |
| 6.125% due 01/15/2030  | 4000 | 3974 |
| **GA Global Funding Trust**  |  |  |
| 1.625% due 01/15/2026  | 1056 | 1038 |
| 5.500% due 01/08/2029  | 3000 | 3076 |
| **Global Atlantic Fin Co.** <br>4.400% due 10/15/2029 | 200 | 194 |
| **GLP Capital LP**  |  |  |
| 3.250% due 01/15/2032  | 1200 | 1057 |
| 4.000% due 01/15/2030  | 4270 | 4107 |
| 4.000% due 01/15/2031  | 6200 | 5850 |
| 5.300% due 01/15/2029  | 4560 | 4614 |
| 5.375% due 04/15/2026  | 100 | 100 |
| 5.750% due 06/01/2028  | 1200 | 1230 |
| 6.750% due 12/01/2033  | 1300 | 1389 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 2.600% due 02/07/2030  | 4180 | 3864 |
| 3.615% due 03/15/2028 •  | 9062 | 8939 |
| 4.223% due 05/01/2029 •  | 460 | 457 |
| 6.249% due 03/15/2028 ~  | 600 | 612 |
| 6.484% due 10/24/2029 •(i)  | 14837 | 15741 |
| **Goodman U.S. Finance Four LLC** <br>4.500% due 10/15/2037 | 2125 | 1943 |
| **Goodman U.S. Finance Three LLC** <br>3.700% due 03/15/2028 | 15600 | 15296 |
| **HA Sustainable Infrastructure Capital, Inc.** <br>6.150% due 01/15/2031 | 3500 | 3545 |
| **Hanover Insurance Group, Inc.** <br>2.500% due 09/01/2030 | 1500 | 1336 |
| **HAT Holdings LLC** <br>3.750% due 09/15/2030 | 2800 | 2571 |
| **Highwoods Realty LP**  |  |  |
| 2.600% due 02/01/2031  | 1000 | 866 |
| 3.050% due 02/15/2030  | 3500 | 3198 |
| **Host Hotels & Resorts LP**  |  |  |
| 3.375% due 12/15/2029  | 3700 | 3494 |
| 3.500% due 09/15/2030  | 1700 | 1579 |
| **HPS Corporate Lending Fund** <br>5.950% due 04/14/2032 | 1200 | 1194 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **HSBC** **Holdings PLC** <br>5.546% due 03/04/2030 •(i) | 14100 | 14523 |
| **Indian Railway Finance Corp. Ltd.** <br>2.800% due 02/10/2031 | 2400 | 2162 |
| **ING Groep NV**  |  |  |
| 3.875% due 05/16/2027 •(e)(f)  | 200 | 186 |
| 5.525% due 03/25/2036 •  | 700 | 713 |
| **Intesa Sanpaolo SpA**  |  |  |
| 7.200% due 11/28/2033  | 7100 | 7977 |
| 8.248% due 11/21/2033 •  | 3700 | 4297 |
| **Invitation Homes Operating Partnership LP**  |  |  |
| 2.000% due 08/15/2031  | 4421 | 3767 |
| 2.300% due 11/15/2028  | 1800 | 1686 |
| 5.500% due 08/15/2033  | 1000 | 1016 |
| **JPMorgan Chase & Co.**  |  |  |
| 2.182% due 06/01/2028 •  | 750 | 721 |
| 2.545% due 11/08/2032 •  | 7000 | 6164 |
| 2.580% due 04/22/2032 •  | 500 | 447 |
| 3.509% due 01/23/2029 •  | 200 | 196 |
| 3.960% due 01/29/2027 •  | 10700 | 10673 |
| 4.203% due 07/23/2029 •  | 600 | 598 |
| 4.323% due 04/26/2028 •  | 1000 | 999 |
| 4.452% due 12/05/2029 •  | 120 | 120 |
| 4.851% due 07/25/2028 •  | 9300 | 9399 |
| 4.995% due 07/22/2030 •  | 5100 | 5194 |
| 5.012% due 01/23/2030 •  | 3845 | 3917 |
| 5.140% due 01/24/2031 •  | 7600 | 7796 |
| 5.299% due 07/24/2029 •  | 1626 | 1670 |
| 5.581% due 04/22/2030 •  | 5000 | 5193 |
| 6.070% due 10/22/2027 •  | 2700 | 2759 |
| 6.087% due 10/23/2029 •  | 8300 | 8725 |
| **Kilroy Realty LP**  |  |  |
| 3.050% due 02/15/2030  | 7533 | 6820 |
| 4.375% due 10/01/2025  | 4300 | 4293 |
| **Lazard Group LLC** <br>6.000% due 03/15/2031 | 5000 | 5253 |
| **Lloyds Bank PLC** <br>0.000% due 04/02/2032 þ | 1000 | 726 |
| **Lloyds Banking Group PLC**  |  |  |
| 3.750% due 01/11/2027 (i)  | 2600 | 2578 |
| 4.375% due 03/22/2028  | 700 | 699 |
| 5.985% due 08/07/2027 •  | 2737 | 2779 |
| 8.000% due 09/27/2029 •(e)(f)  | 2300 | 2431 |
| **Loews Corp.** <br>3.200% due 05/15/2030 | 1900 | 1799 |
| **LXP Industrial Trust** <br>2.700% due 09/15/2030 | 2400 | 2152 |
| **Marex Group PLC** <br>5.829% due 05/08/2028 | 4900 | 4964 |
| **Meiji Yasuda Life Insurance Co.**  |  |  |
| 5.100% due 04/26/2048 •  | 600 | 596 |
| 6.100% due 06/11/2055 •  | 6100 | 6103 |
| **Mizuho Financial Group, Inc.**  |  |  |
| 2.839% due 09/13/2026  | 3446 | 3388 |
| 2.869% due 09/13/2030 •  | 800 | 749 |
| 5.594% due 07/10/2035 •  | 2000 | 2059 |
| **Morgan Stanley**  |  |  |
| 4.210% due 04/20/2028 •  | 600 | 599 |
| 4.431% due 01/23/2030 •  | 2000 | 1998 |
| 5.164% due 04/20/2029 •  | 2807 | 2863 |
| 5.173% due 01/16/2030 •  | 2600 | 2655 |
| 5.320% due 07/19/2035 •  | 2500 | 2532 |
| 5.449% due 07/20/2029 •  | 1322 | 1360 |
| 5.656% due 04/18/2030 •  | 4000 | 4156 |
| 5.664% due 04/17/2036 •  | 2000 | 2073 |
| 6.296% due 10/18/2028 •  | 545 | 568 |
| 6.407% due 11/01/2029 •  | 7301 | 7735 |
| **Mutual of Omaha Cos. Global Funding** <br>5.350% due 04/09/2027 | 2000 | 2033 |
| **National Health Investors, Inc.** <br>3.000% due 02/01/2031 | 2600 | 2309 |
| **Nationwide Building Society** <br>4.302% due 03/08/2029 •  | 9000 | 8947 |
| **Nationwide Financial Services, Inc.** <br>3.900% due 11/30/2049 | 1900 | 1421 |
| **Nationwide Mutual Insurance Co.** <br>9.375% due 08/15/2039 | 100 | 132 |
| **NatWest Group PLC**  |  |  |
| 5.076% due 01/27/2030 •(i)  | 19000 | 19284 |
| 7.300% due 11/19/2034 •(e)(f)  | 4500 | 4480 |
| **Neuberger Berman Group LLC** <br>4.500% due 03/15/2027 | 884 | 883 |
| **Nippon Life Insurance Co.**  |  |  |
| 2.750% due 01/21/2051 •  | 200 | 174 |
| 6.250% due 09/13/2053 •  | 2000 | 2059 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **NLG** **Global Funding** <br>5.400% due 01/23/2030 | 2700 | 2781 |
| **Nomura Holdings, Inc.**  |  |  |
| 1.653% due 07/14/2026  | 8409 | 8169 |
| 2.679% due 07/16/2030  | 5000 | 4538 |
| 3.103% due 01/16/2030  | 3200 | 2991 |
| **Northwestern Mutual Life Insurance Co.** <br>3.625% due 09/30/2059 | 2000 | 1362 |
| **Omega Healthcare Investors, Inc.** <br>4.500% due 04/01/2027 | 3657 | 3666 |
| **Pacific Life Global Funding**  |  |  |
| 1.600% due 09/21/2028  | 4900 | 4511 |
| 5.009% due 06/04/2026 ~  | 1700 | 1706 |
| **Pacific Life Insurance Co.** <br>9.250% due 06/15/2039 | 600 | 818 |
| **Pacific LifeCorp** <br>3.350% due 09/15/2050 | 1000 | 677 |
| **Phillips Edison Grocery Center Operating Partnership LP** <br>5.250% due 08/15/2032 | 3500 | 3535 |
| **Piedmont Operating Partnership LP** <br>6.875% due 07/15/2029 | 2500 | 2634 |
| **Protective Life Global Funding**  |  |  |
| 1.737% due 09/21/2030  | 4800 | 4199 |
| 4.772% due 12/09/2029 (i)  | 12500 | 12661 |
| **Radian Group, Inc.** <br>6.200% due 05/15/2029 | 300 | 312 |
| **Rayonier LP** <br>2.750% due 05/17/2031 | 3973 | 3516 |
| **Rexford Industrial Realty LP** <br>2.125% due 12/01/2030 | 200 | 174 |
| **RGA Global Funding**  |  |  |
| 5.500% due 01/11/2031  | 1000 | 1032 |
| 6.000% due 11/21/2028  | 4000 | 4198 |
| **Sabra Health Care LP** <br>5.125% due 08/15/2026 | 1800 | 1802 |
| **Sammons Financial Group Global Funding** <br>5.050% due 01/10/2028 | 3400 | 3451 |
| **Santander Holdings USA, Inc.**  |  |  |
| 3.244% due 10/05/2026  | 8220 | 8095 |
| 5.353% due 09/06/2030 •  | 2400 | 2444 |
| 5.807% due 09/09/2026 •  | 500 | 501 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 2.469% due 01/11/2028 •  | 3500 | 3390 |
| 5.694% due 04/15/2031 •  | 5000 | 5159 |
| **SBA Tower Trust** <br>1.631% due 05/15/2051 | 15600 | 14972 |
| **Sixth Street Lending Partners** <br>6.500% due 03/11/2029 | 3500 | 3614 |
| **Store Capital LLC**  |  |  |
| 2.750% due 11/18/2030  | 1000 | 883 |
| 5.400% due 04/30/2030  | 1400 | 1419 |
| **Sumitomo Mitsui Financial Group, Inc.**  |  |  |
| 1.902% due 09/17/2028  | 8418 | 7817 |
| 5.513% due 07/09/2029 ~  | 10000 | 10103 |
| 5.776% due 01/13/2026 ~  | 4800 | 4829 |
| 6.600% due 06/05/2034 •(e)(f)  | 2000 | 2010 |
| **Sun Communities Operating LP**  |  |  |
| 2.700% due 07/15/2031  | 100 | 89 |
| 4.200% due 04/15/2032  | 1900 | 1801 |
| **Teachers Insurance & Annuity Association of America** <br>4.270% due 05/15/2047 | 3000 | 2446 |
| **Trust Fibra Uno** <br>4.869% due 01/15/2030 (i) | 4000 | 3801 |
| **Trustage Financial Group, Inc.** <br>4.625% due 04/15/2032 | 9600 | 9101 |
| **UBS AG** <br>7.500% due 02/15/2028 (i) | 15100 | 16293 |
| **UBS Group AG**  |  |  |
| 3.091% due 05/14/2032 •  | 1000 | 908 |
| 4.875% due 02/12/2027 •(e)(f)  | 1000 | 975 |
| 5.699% due 02/08/2035 •  | 3166 | 3290 |
| 5.959% due 01/12/2034 •(i)  | 19600 | 20641 |
| 6.246% due 09/22/2029 •  | 800 | 841 |
| 6.301% due 09/22/2034 •  | 6100 | 6553 |
| 6.850% due 09/10/2029 •(e)(f)  | 1000 | 1007 |
| 9.250% due 11/13/2028 •(e)(f)  | 1350 | 1477 |
| 9.250% due 11/13/2033 •(e)(f)  | 4000 | 4636 |
| **UniCredit SpA** <br>5.459% due 06/30/2035 •  | 4600 | 4575 |
| **Unum Group** <br>3.875% due 11/05/2025 | 4760 | 4743 |
| **VICI Properties LP**  |  |  |
| 3.875% due 02/15/2029  | 7600 | 7357 |
| 4.750% due 02/15/2028  | 1900 | 1911 |
| 5.125% due 05/15/2032  | 1600 | 1595 |
| 5.625% due 04/01/2035  | 700 | 707 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Wells** **Fargo & Co.**  |  |  |
| 2.393% due 06/02/2028 •  | 259 | 250 |
| 2.879% due 10/30/2030 •  | 1000 | 935 |
| 3.584% due 05/22/2028 •  | 972 | 957 |
| 4.808% due 07/25/2028 •  | 1105 | 1115 |
| 5.211% due 12/03/2035 •  | 3100 | 3113 |
| 5.389% due 04/24/2034 •  | 1500 | 1535 |
| 5.574% due 07/25/2029 •  | 5176 | 5345 |
| 5.707% due 04/22/2028 •  | 1900 | 1942 |
| 6.303% due 10/23/2029 •  | 5400 | 5708 |
| **Welltower OP LLC** <br>4.500% due 07/01/2030 | 4100 | 4121 |
| **Weyerhaeuser Co.**  |  |  |
| 4.000% due 04/15/2030  | 12000 | 11710 |
| 4.750% due 05/15/2026  | 3200 | 3207 |
|  |  | 1095504 |
| **INDUSTRIALS 30.0%**  |  |  |
| **AbbVie, Inc.** <br>3.200% due 11/21/2029 | 7605 | 7277 |
| **Adani Transmission Step-One Ltd.** <br>4.000% due 08/03/2026 | 1600 | 1584 |
| **Air Canada Pass-Through Trust** <br>3.300% due 07/15/2031 | 3870 | 3626 |
| **Alaska Airlines Pass-Through Trust** <br>4.800% due 02/15/2029 | 4563 | 4571 |
| **Alcon Finance Corp.** <br>2.600% due 05/27/2030 | 7700 | 7049 |
| **Allegion PLC** <br>3.500% due 10/01/2029 | 2000 | 1917 |
| **American Airlines Pass-Through Trust**  |  |  |
| 2.875% due 01/11/2036  | 87 | 76 |
| 3.000% due 04/15/2030  | 3886 | 3682 |
| 3.150% due 08/15/2033  | 4103 | 3778 |
| 3.200% due 12/15/2029  | 1621 | 1556 |
| 3.350% due 04/15/2031  | 5715 | 5446 |
| 3.375% due 11/01/2028  | 599 | 585 |
| 3.575% due 07/15/2029  | 2621 | 2542 |
| 3.600% due 03/22/2029  | 4353 | 4239 |
| 3.700% due 04/01/2028  | 345 | 339 |
| **Amgen, Inc.**  |  |  |
| 4.050% due 08/18/2029  | 4936 | 4880 |
| 5.250% due 03/02/2030  | 6400 | 6596 |
| 5.600% due 03/02/2043  | 2100 | 2085 |
| 5.650% due 03/02/2053 (i)  | 6500 | 6351 |
| **Amrize Finance U.S. LLC** <br>5.400% due 04/07/2035 | 1000 | 1015 |
| **Anglo American Capital PLC** <br>5.625% due 04/01/2030 | 1250 | 1297 |
| **AppLovin Corp.** <br>5.125% due 12/01/2029 | 2656 | 2691 |
| **Ashtead Capital, Inc.** <br>4.000% due 05/01/2028 | 4000 | 3941 |
| **BAE Systems PLC** <br>3.400% due 04/15/2030 | 800 | 764 |
| **Bayer U.S. Finance LLC**  |  |  |
| 4.250% due 12/15/2025  | 8500 | 8477 |
| 4.375% due 12/15/2028  | 6600 | 6540 |
| 6.125% due 11/21/2026  | 10800 | 10980 |
| 6.375% due 11/21/2030  | 4567 | 4855 |
| 6.500% due 11/21/2033  | 19600 | 21024 |
| **Becton Dickinson & Co.** <br>4.874% due 02/08/2029 | 1200 | 1217 |
| **Berry Global, Inc.** <br>4.875% due 07/15/2026 | 6700 | 6697 |
| **BMW U.S. Capital LLC**  |  |  |
| 4.650% due 03/19/2027  | 1900 | 1912 |
| 4.750% due 03/21/2028  | 2900 | 2934 |
| **Boeing Co.**  |  |  |
| 2.196% due 02/04/2026  | 24300 | 23924 |
| 5.705% due 05/01/2040  | 1400 | 1384 |
| 5.805% due 05/01/2050  | 4600 | 4416 |
| 5.930% due 05/01/2060  | 13200 | 12559 |
| 6.259% due 05/01/2027  | 8000 | 8234 |
| **Booz Allen Hamilton, Inc.**  |  |  |
| 3.875% due 09/01/2028  | 5700 | 5531 |
| 5.950% due 08/04/2033  | 1000 | 1028 |
| **Boston Scientific Corp.** <br>6.500% due 11/15/2035 | 3000 | 3366 |
| **British Airways Pass-Through Trust**  |  |  |
| 2.900% due 09/15/2036  | 83 | 75 |
| 3.300% due 06/15/2034  | 75 | 70 |
| 3.350% due 12/15/2030  | 2508 | 2401 |
| 3.800% due 03/20/2033  | 1085 | 1052 |
| 4.125% due 03/20/2033  | 1357 | 1300 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.250% due 05/15/2034  | 222 | 214 |
| **Broadcom, Inc.**  |  |  |
| 2.450% due 02/15/2031  | 27858 | 24919 |
| 2.600% due 02/15/2033  | 8300 | 7102 |
| 3.419% due 04/15/2033  | 6543 | 5936 |
| 4.926% due 05/15/2037  | 12249 | 11894 |
| **Cameron LNG LLC** <br>3.402% due 01/15/2038 | 100 | 85 |
| **Canadian Natural Resources Ltd.** <br>5.000% due 12/15/2029 | 1200 | 1211 |
| **Canadian Pacific Railway Co.** <br>2.450% due 12/02/2031 | 6000 | 5270 |
| **Carnival Corp.** <br>4.000% due 08/01/2028 | 2345 | 2297 |
| **CDW LLC**  |  |  |
| 2.670% due 12/01/2026  | 2500 | 2439 |
| 3.250% due 02/15/2029  | 1010 | 958 |
| 5.100% due 03/01/2030  | 300 | 302 |
| **Centene Corp.**  |  |  |
| 2.450% due 07/15/2028  | 3300 | 3067 |
| 2.500% due 03/01/2031  | 2000 | 1723 |
| 2.625% due 08/01/2031  | 1600 | 1372 |
| 3.000% due 10/15/2030  | 3625 | 3241 |
| 4.250% due 12/15/2027  | 1346 | 1326 |
| 4.625% due 12/15/2029  | 2491 | 2424 |
| **CGI, Inc.** <br>1.450% due 09/14/2026 | 9500 | 9178 |
| **Charter Communications Operating LLC**  |  |  |
| 3.900% due 06/01/2052  | 6000 | 4121 |
| 6.100% due 06/01/2029  | 1000 | 1047 |
| **Cigna Group**  |  |  |
| 2.400% due 03/15/2030  | 1391 | 1270 |
| 4.375% due 10/15/2028  | 400 | 401 |
| **Conagra Brands, Inc.** <br>4.850% due 11/01/2028 | 260 | 263 |
| **ConocoPhillips Co.** <br>4.700% due 01/15/2030 | 2300 | 2333 |
| **Constellation Brands, Inc.** <br>2.250% due 08/01/2031 | 100 | 87 |
| **Constellation Pharmaceutical, Inc.** <br>5.550% due 07/01/2033 «(h) | 1079 | 1096 |
| **Cox Communications, Inc.** <br>1.800% due 10/01/2030 | 4400 | 3764 |
| **CVS Health Corp.**  |  |  |
| 3.750% due 04/01/2030  | 1800 | 1727 |
| 4.300% due 03/25/2028  | 1235 | 1230 |
| 5.125% due 02/21/2030  | 3335 | 3396 |
| **CVS Pass-Through Trust** <br>7.507% due 01/10/2032 | 1022 | 1070 |
| **DAE Funding LLC** <br>3.375% due 03/20/2028 | 400 | 386 |
| **DCP Midstream Operating LP**  |  |  |
| 3.250% due 02/15/2032  | 2600 | 2299 |
| 5.125% due 05/15/2029  | 200 | 203 |
| **Delta Air Lines, Inc.**  |  |  |
| 3.750% due 10/28/2029  | 3800 | 3634 |
| 7.375% due 01/15/2026  | 1104 | 1120 |
| **Ecopetrol SA** <br>4.625% due 11/02/2031 | 100 | 85 |
| **Edwards Lifesciences Corp.** <br>4.300% due 06/15/2028 | 970 | 969 |
| **Elevance Health, Inc.** <br>2.250% due 05/15/2030 | 10124 | 9142 |
| **Embraer Netherlands Finance BV** <br>5.980% due 02/11/2035 | 200 | 206 |
| **Enbridge, Inc.** <br>3.700% due 07/15/2027 | 2500 | 2470 |
| **Energy Transfer LP**  |  |  |
| 3.900% due 07/15/2026  | 900 | 894 |
| 4.950% due 05/15/2028  | 900 | 913 |
| 5.250% due 07/01/2029  | 1200 | 1230 |
| 5.550% due 02/15/2028  | 600 | 618 |
| 5.950% due 12/01/2025  | 1100 | 1102 |
| 6.050% due 12/01/2026  | 6900 | 7047 |
| **Eni SpA** <br>5.500% due 05/15/2034 | 2000 | 2016 |
| **Enterprise Products Operating LLC** <br>5.200% due 01/15/2036 | 3600 | 3626 |
| **Equifax, Inc.** <br>5.100% due 06/01/2028 | 3000 | 3058 |
| **Expand Energy Corp.**  |  |  |
| 5.375% due 03/15/2030  | 1200 | 1204 |
| 6.750% due 04/15/2029  | 2242 | 2270 |
| **Ferguson Finance PLC** <br>3.250% due 06/02/2030 | 1100 | 1037 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Flex** **Intermediate Holdco LLC** <br>3.363% due 06/30/2031 | 9700 | 8626 |
| **Flex Ltd.** <br>4.875% due 06/15/2029 | 100 | 101 |
| **Fresenius Medical Care U.S. Finance, Inc.** <br>1.875% due 12/01/2026 | 800 | 769 |
| **Greensaif Pipelines Bidco SARL** <br>6.129% due 02/23/2038 | 1900 | 1960 |
| **Harbour Energy PLC** <br>6.327% due 04/01/2035 | 2500 | 2488 |
| **HCA, Inc.**  |  |  |
| 3.500% due 09/01/2030  | 16400 | 15513 |
| 5.500% due 06/01/2033  | 6800 | 6965 |
| 5.625% due 09/01/2028  | 1334 | 1374 |
| 5.875% due 02/01/2029  | 200 | 208 |
| **Huntington Ingalls Industries, Inc.** <br>5.749% due 01/15/2035 | 2100 | 2167 |
| **Hyatt Hotels Corp.**  |  |  |
| 5.050% due 03/30/2028  | 900 | 910 |
| 5.750% due 04/23/2030  | 2192 | 2269 |
| **Hyundai Capital America**  |  |  |
| 1.500% due 06/15/2026  | 2000 | 1942 |
| 5.509% due 08/04/2025 •  | 4000 | 4002 |
| 6.000% due 07/11/2025  | 4000 | 4001 |
| **Icon Investments Six DAC** <br>5.809% due 05/08/2027 | 2278 | 2326 |
| **Imperial Brands Finance PLC** <br>4.250% due 07/21/2025 | 430 | 430 |
| **Infor LLC** <br>1.750% due 07/15/2025 | 3800 | 3795 |
| **IQVIA, Inc.** <br>6.250% due 02/01/2029 | 700 | 732 |
| **JetBlue Pass-Through Trust** <br>2.750% due 11/15/2033 | 1934 | 1697 |
| **Keurig Dr. Pepper, Inc.** <br>5.050% due 03/15/2029 | 2000 | 2046 |
| **Kinder Morgan, Inc.** <br>8.050% due 10/15/2030 | 6500 | 7425 |
| **Kraft Heinz Foods Co.** <br>5.400% due 03/15/2035 | 5321 | 5395 |
| **Las Vegas Sands Corp.**  |  |  |
| 3.500% due 08/18/2026  | 4250 | 4195 |
| 3.900% due 08/08/2029  | 5300 | 5049 |
| 5.900% due 06/01/2027  | 8800 | 8995 |
| **Marriott International, Inc.**  |  |  |
| 4.625% due 06/15/2030  | 2000 | 2005 |
| 5.550% due 10/15/2028  | 3800 | 3943 |
| **Mars, Inc.** <br>5.000% due 03/01/2032 | 4000 | 4055 |
| **Mattel, Inc.**  |  |  |
| 3.375% due 04/01/2026  | 1000 | 988 |
| 3.750% due 04/01/2029  | 361 | 346 |
| **McDonald's Corp.** <br>2.125% due 03/01/2030 | 4200 | 3813 |
| **Microchip Technology, Inc.** <br>4.900% due 03/15/2028 | 900 | 910 |
| **Micron Technology, Inc.**  |  |  |
| 4.663% due 02/15/2030  | 1100 | 1098 |
| 5.327% due 02/06/2029  | 1500 | 1536 |
| 5.375% due 04/15/2028  | 200 | 206 |
| **MSCI, Inc.** <br>3.625% due 11/01/2031 | 2900 | 2674 |
| **National Football League**  |  |  |
| 5.250% due 10/05/2034 «(h) | 3700 | 3714 |
| 5.420% due 10/05/2037 «(h) | 1300 | 1307 |
| **Netflix, Inc.** <br>5.375% due 11/15/2029 | 3525 | 3684 |
| **Nissan Motor Co. Ltd.** <br>4.345% due 09/17/2027 | 1650 | 1585 |
| **Norfolk Southern Corp.** <br>4.100% due 05/15/2121 | 100 | 69 |
| **Northern Star Resources Ltd.** <br>6.125% due 04/11/2033 | 1000 | 1043 |
| **Northwest Pipeline LLC** <br>4.000% due 04/01/2027 | 3500 | 3479 |
| **NVR, Inc.** <br>3.000% due 05/15/2030 | 2760 | 2572 |
| **NXP BV** <br>5.550% due 12/01/2028 | 600 | 620 |
| **Occidental Petroleum Corp.** <br>5.200% due 08/01/2029 | 2300 | 2309 |
| **Oracle Corp.**  |  |  |
| 2.300% due 03/25/2028  | 5029 | 4774 |
| 3.250% due 11/15/2027  | 2800 | 2738 |
| 3.250% due 05/15/2030  | 1765 | 1667 |
| 4.650% due 05/06/2030  | 2917 | 2945 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Petroleos** **Mexicanos** <br>5.350% due 02/12/2028 | 5000 | 4804 |
| **Philip Morris International, Inc.**  |  |  |
| 4.375% due 04/30/2030  | 1525 | 1522 |
| 4.625% due 11/01/2029  | 1363 | 1376 |
| 5.125% due 02/15/2030  | 1700 | 1750 |
| **RELX Capital, Inc.**  |  |  |
| 4.750% due 03/27/2030  | 923 | 936 |
| 4.750% due 05/20/2032  | 800 | 806 |
| **Rolls-Royce PLC** <br>5.750% due 10/15/2027 | 250 | 257 |
| **Royal Caribbean Cruises Ltd.** <br>5.500% due 04/01/2028 | 3025 | 3065 |
| **Royalty Pharma PLC** <br>1.750% due 09/02/2027 | 1100 | 1042 |
| **RTX Corp.** <br>4.125% due 11/16/2028 | 3205 | 3193 |
| **Sabine Pass Liquefaction LLC**  |  |  |
| 4.500% due 05/15/2030  | 12900 | 12883 |
| 5.875% due 06/30/2026  | 8000 | 8045 |
| **Santos Finance Ltd.**  |  |  |
| 3.649% due 04/29/2031  | 11430 | 10648 |
| 4.125% due 09/14/2027  | 2200 | 2169 |
| **Skyworks Solutions, Inc.** <br>1.800% due 06/01/2026 | 2400 | 2335 |
| **Southern Co.**  |  |  |
| 3.700% due 04/30/2030  | 2500 | 2419 |
| 4.850% due 03/15/2035  | 2000 | 1957 |
| 5.500% due 03/15/2029  | 1100 | 1146 |
| **Spectra Energy Partners LP** <br>3.375% due 10/15/2026 | 3500 | 3452 |
| **Spirit AeroSystems, Inc.** <br>3.850% due 06/15/2026 | 200 | 196 |
| **Spirit Airlines Pass-Through Trust**  |  |  |
| 3.650% due 08/15/2031  | 2435 | 2114 |
| 4.100% due 10/01/2029  | 98 | 90 |
| **Starbucks Corp.** <br>4.000% due 11/15/2028 | 3400 | 3377 |
| **Stryker Corp.**  |  |  |
| 4.250% due 09/11/2029  | 2500 | 2497 |
| 4.850% due 12/08/2028  | 4000 | 4079 |
| 4.850% due 02/10/2030  | 2900 | 2960 |
| **Synopsys, Inc.** <br>5.150% due 04/01/2035 | 3300 | 3328 |
| **T-Mobile USA, Inc.**  |  |  |
| 2.250% due 11/15/2031  | 10000 | 8674 |
| 2.400% due 03/15/2029  | 2889 | 2691 |
| 2.700% due 03/15/2032  | 7900 | 6965 |
| 3.875% due 04/15/2030  | 14000 | 13601 |
| 4.800% due 07/15/2028  | 3141 | 3184 |
| 4.950% due 03/15/2028  | 3034 | 3086 |
| **Tapestry, Inc.** <br>5.100% due 03/11/2030 | 2700 | 2737 |
| **Targa Resources Corp.** <br>6.125% due 03/15/2033 | 6400 | 6748 |
| **TD SYNNEX Corp.** <br>2.375% due 08/09/2028 | 100 | 94 |
| **Tennessee Gas Pipeline Co. LLC** <br>2.900% due 03/01/2030 | 5000 | 4620 |
| **Textron, Inc.** <br>3.375% due 03/01/2028 | 1500 | 1463 |
| **United Airlines Pass-Through Trust**  |  |  |
| 2.700% due 11/01/2033  | 3000 | 2687 |
| 2.875% due 04/07/2030  | 561 | 531 |
| 2.900% due 11/01/2029  | 2564 | 2382 |
| 3.500% due 09/01/2031  | 1277 | 1205 |
| 4.000% due 10/11/2027  | 546 | 542 |
| 4.150% due 02/25/2033  | 1249 | 1199 |
| 4.300% due 02/15/2027  | 574 | 573 |
| 5.450% due 08/15/2038  | 1586 | 1606 |
| 5.800% due 07/15/2037  | 6687 | 6845 |
| 5.875% due 04/15/2029  | 8188 | 8363 |
| **United Rentals North America, Inc.**  |  |  |
| 3.875% due 11/15/2027  | 1700 | 1666 |
| 6.000% due 12/15/2029  | 500 | 512 |
| **UnitedHealth Group, Inc.**  |  |  |
| 4.000% due 05/15/2029  | 500 | 494 |
| 4.950% due 01/15/2032  | 8765 | 8880 |
| 5.300% due 02/15/2030  | 280 | 290 |
| **Volkswagen Group of America Finance LLC**  |  |  |
| 5.050% due 03/27/2028  | 1500 | 1509 |
| 5.250% due 03/22/2029  | 7065 | 7150 |
| **Westinghouse Air Brake Technologies Corp.** <br>4.700% due 09/15/2028 | 8003 | 8051 |
| **Williams Cos., Inc.**  |  |  |
| 4.900% due 03/15/2029  | 909 | 922 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.300% due 09/30/2035  | 2700 | 2704 |
| **WMG Acquisition Corp.** <br>3.750% due 12/01/2029 | 3800 | 3565 |
| **Woodside Finance Ltd.**  |  |  |
| 3.700% due 09/15/2026  | 2500 | 2475 |
| 5.100% due 09/12/2034  | 5300 | 5135 |
| **Yara International ASA** <br>3.800% due 06/06/2026 | 3300 | 3271 |
|  |  | 718481 |
| **UTILITIES 9.6%**  |  |  |
| **AES Corp.**  |  |  |
| 3.950% due 07/15/2030  | 3200 | 3044 |
| 5.450% due 06/01/2028  | 12100 | 12368 |
| **American Electric Power Co., Inc.**  |  |  |
| 5.200% due 01/15/2029  | 200 | 205 |
| 5.750% due 11/01/2027  | 200 | 206 |
| **American Transmission Systems, Inc.** <br>2.650% due 01/15/2032 | 2200 | 1937 |
| **AT&T, Inc.** <br>2.300% due 06/01/2027 | 600 | 579 |
| **Black Hills Corp.**  |  |  |
| 2.500% due 06/15/2030  | 2200 | 1981 |
| 6.150% due 05/15/2034  | 2700 | 2835 |
| **Dominion Energy, Inc.** <br>3.300% due 04/15/2041 | 3000 | 2217 |
| **DTE Energy Co.** <br>5.100% due 03/01/2029 | 1258 | 1283 |
| **Duke Energy Corp.** <br>3.250% due 01/15/2082 •  | 1002 | 964 |
| **Edison International**  |  |  |
| 5.450% due 06/15/2029  | 3100 | 3067 |
| 5.750% due 06/15/2027  | 4000 | 4029 |
| **Electricite de France SA**  |  |  |
| 6.950% due 01/26/2039  | 1400 | 1543 |
| 9.125% due 03/15/2033 •(e)  | 1200 | 1357 |
| **Enel Finance International NV** <br>5.125% due 06/26/2029 | 6067 | 6182 |
| **Entergy Corp.**  |  |  |
| 1.900% due 06/15/2028  | 9900 | 9262 |
| 3.750% due 06/15/2050  | 2900 | 2077 |
| **Evergy Kansas Central, Inc.** <br>5.250% due 03/15/2035 | 2000 | 2025 |
| **Fells Point Funding Trust** <br>3.046% due 01/31/2027 | 3400 | 3328 |
| **FirstEnergy Corp.** <br>3.900% due 07/15/2027 | 1100 | 1088 |
| **FirstEnergy Transmission LLC** <br>2.866% due 09/15/2028 | 7000 | 6679 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | 266 | 253 |
| **Gazprom PJSC Via Gaz Finance PLC** <br>2.950% due 01/27/2029 | 6500 | 4648 |
| **Georgia Power Co.** <br>5.004% due 02/23/2027 | 1455 | 1476 |
| **Interstate Power & Light Co.** <br>4.100% due 09/26/2028 | 500 | 496 |
| **IPALCO Enterprises, Inc.** <br>4.250% due 05/01/2030 | 3787 | 3638 |
| **Jersey Central Power & Light Co.** <br>4.300% due 01/15/2026 | 8684 | 8668 |
| **Midwest Connector Capital Co. LLC** <br>4.625% due 04/01/2029 | 1200 | 1190 |
| **New York State Electric & Gas Corp.** <br>3.300% due 09/15/2049 | 200 | 131 |
| **Niagara Mohawk Power Corp.** <br>4.278% due 12/15/2028 | 5000 | 4963 |
| **Ohio Edison Co.** <br>6.875% due 07/15/2036 | 1100 | 1240 |
| **ONEOK, Inc.**  |  |  |
| 3.400% due 09/01/2029  | 3000 | 2864 |
| 4.250% due 09/24/2027  | 6076 | 6069 |
| 5.050% due 11/01/2034  | 10000 | 9736 |
| **Pacific Gas & Electric Co.**  |  |  |
| 3.000% due 06/15/2028  | 2800 | 2660 |
| 3.450% due 07/01/2025  | 9765 | 9765 |
| 4.200% due 03/01/2029  | 3300 | 3222 |
| 4.500% due 12/15/2041  | 1269 | 998 |
| 6.150% due 03/01/2055  | 2500 | 2336 |
| 6.750% due 01/15/2053  | 4200 | 4230 |
| 6.950% due 03/15/2034  | 22200 | 23911 |
| **PacifiCorp**  |  |  |
| 4.150% due 02/15/2050  | 1700 | 1293 |
| 5.300% due 02/15/2031  | 2600 | 2679 |
| 5.450% due 02/15/2034  | 5200 | 5277 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.800% due 01/15/2055  | 1174 | 1125 |
| 7.375% due 09/15/2055 •  | 2000 | 2084 |
| **Public Service Co. of Oklahoma**  |  |  |
| 2.200% due 08/15/2031  | 244 | 212 |
| 5.450% due 01/15/2036  | 4000 | 4031 |
| **Rio Oil Finance Trust** <br>9.750% due 01/06/2027 | 115 | 119 |
| **Southern California Edison Co.**  |  |  |
| 1.200% due 02/01/2026  | 800 | 780 |
| 2.850% due 08/01/2029  | 2000 | 1852 |
| 3.900% due 12/01/2041  | 400 | 302 |
| 4.200% due 03/01/2029  | 1000 | 979 |
| 4.700% due 06/01/2027  | 5055 | 5075 |
| 4.875% due 03/01/2049  | 4277 | 3425 |
| 5.350% due 03/01/2026  | 200 | 201 |
| 5.650% due 10/01/2028  | 1700 | 1742 |
| 5.850% due 11/01/2027  | 12405 | 12715 |
| 6.650% due 04/01/2029  | 4500 | 4727 |
| **Southern California Gas Co.**  |  |  |
| 3.950% due 02/15/2050  | 1500 | 1128 |
| 5.200% due 06/01/2033  | 6200 | 6288 |
| **Spire, Inc.** <br>5.300% due 03/01/2026 | 2500 | 2509 |
| **System Energy Resources, Inc.**  |  |  |
| 5.300% due 12/15/2034  | 1800 | 1780 |
| **Verizon Communications, Inc.**  |  |  |
| 2.100% due 03/22/2028  | 1828 | 1732 |
| 5.401% due 07/02/2037  | 2094 | 2108 |
| **Vistra Operations Co. LLC** <br>6.950% due 10/15/2033 | 952 | 1046 |
| **Xcel Energy, Inc.**  |  |  |
| 3.400% due 06/01/2030  | 886 | 841 |
| 5.600% due 04/15/2035  | 4400 | 4494 |
|  |  | 231294 |
| Total Corporate Bonds & Notes (Cost $2,059,064) |  | 2045279 |
| **MUNICIPAL BONDS & NOTES 0.8%**  |  |  |
| **CALIFORNIA 0.1%**  |  |  |
| **Alameda County, California Joint Powers Authority Revenue Bonds, (BABs), Series 2010** <br>7.046% due 12/01/2044 | 100 | 112 |
| **Los Angeles County, California Public Works Financing Authority Revenue Bonds, (BABs), Series 2010** <br>7.618% due 08/01/2040 | 100 | 118 |
| **Napa Valley Unified School District, California General Obligation Bonds, (BABs), Series 2010** <br>6.507% due 08/01/2043 | 300 | 323 |
| **Riverside, California Electric Revenue Bonds, (BABs), Series 2010** <br>7.605% due 10/01/2040 | 300 | 355 |
|  |  | 908 |
| **GEORGIA 0.4%**  |  |  |
| **Municipal Electric Authority of Georgia Revenue Bonds, (BABs), Series 2010** <br>6.655% due 04/01/2057 | 8035 | 8584 |
| **ILLINOIS 0.0%**  |  |  |
| **Chicago Transit Authority, Illinois Revenue Bonds, (BABs), Series 2010** <br>6.200% due 12/01/2040 | 625 | 646 |
| **MASSACHUSETTS 0.0%**  |  |  |
| **Massachusetts School Building Authority Revenue Bonds, Series 2010** <br>5.468% due 06/15/2027 | 300 | 308 |
| **NEW YORK 0.0%**  |  |  |
| **New York State Urban Development Corp. Revenue Bonds, (BABs), Series 2009** <br>5.770% due 03/15/2039 | 235 | 243 |
| **OHIO 0.3%**  |  |  |
| **American Municipal Power, Inc., Ohio Revenue Bonds, Series 2010** <br>8.084% due 02/15/2050 | 6210 | 7885 |
| Total Municipal Bonds & Notes (Cost $21,662) |  | 18574 |
| **U.S. GOVERNMENT AGENCIES 8.1%**  |  |  |
| **Ginnie Mae**<br>8.500% due 08/15/2030 | 1 | 1 |
| **Ginnie Mae, TBA**  |  |  |
| 4.000% due 07/01/2055 | 30800 | 28642 |
| 5.000% due 07/01/2055 - 08/01/2055 | 11600 | 11395 |
| 6.000% due 08/01/2055 | 4400 | 4460 |
| **Uniform Mortgage-Backed Security**  |  |  |
| 3.500% due 08/01/2047 - 08/01/2048 | 758 | 694 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.000% due 08/01/2049 | 890 | 838 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 07/01/2055 | 20310 | 17577 |
| 4.000% due 07/01/2055 - 08/01/2055 | 97540 | 90690 |
| 4.500% due 08/01/2055 | 37290 | 35656 |
| 5.000% due 08/01/2055 | 5000 | 4898 |
| Total U.S. Government Agencies (Cost $191,733) |  | 194851 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.6%**  |  |  |
| **245 Park Avenue Trust** <br>3.508% due 06/05/2037 | 3100 | 3014 |
| **Atrium Hotel Portfolio Trust** <br>5.539% due 12/15/2036 •  | 2204 | 2155 |
| **Chase Home Lending Mortgage Trust** <br>3.250% due 09/25/2063 ~ | 3527 | 3163 |
| **COLT Mortgage Loan Trust** <br>4.550% due 04/25/2067 ~ | 5816 | 5832 |
| **Credit Suisse Mortgage Capital Mortgage-Backed Trust**  |  |  |
| 3.904% due 04/25/2062 ~  | 755 | 719 |
| 5.826% due 07/15/2038 •  | 1000 | 902 |
| **DC Office Trust** <br>2.965% due 09/15/2045 | 10500 | 9573 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 2.287% due 03/05/2042  | 2000 | 1847 |
| 5.158% due 04/15/2037 •  | 976 | 966 |
| **Mill City Mortgage Loan Trust** <br>2.750% due 08/25/2059 ~ | 162 | 157 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 3606 | 3464 |
| 6.864% due 10/25/2063  | 1467 | 1483 |
| **PRKCM Trust** <br>7.225% due 11/25/2058 þ | 723 | 734 |
| **PRPM Trust** <br>6.250% due 08/25/2068 þ | 366 | 368 |
| **Structured Asset Mortgage Investments Trust** <br>5.132% due 03/19/2034 •  | 165 | 155 |
| **Verus Securitization Trust**  |  |  |
| 6.193% due 03/25/2068 þ  | 1166 | 1169 |
| 6.876% due 11/25/2068 ~  | 780 | 792 |
| 7.070% due 10/25/2068 þ  | 328 | 333 |
| **VNDO Trust** <br>3.805% due 01/10/2035 | 200 | 197 |
| Total Non-Agency Mortgage-Backed Securities (Cost $37,200) |  | 37023 |
| **ASSET-BACKED SECURITIES 1.7%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.1%**  |  |  |
| **First Help Financial Trust** <br>6.570% due 06/15/2028 | 948 | 956 |
| **CMBS OTHER 0.1%**  |  |  |
| **MF1 LLC** <br>6.055% due 03/19/2039 •  | 1000 | 1004 |
| **MF1 Ltd.** <br>5.668% due 02/19/2037 •  | 2185 | 2187 |
|  |  | 3191 |
| **HOME EQUITY SEQUENTIAL 0.0%**  |  |  |
| **RBSSP Resecuritization Trust** <br>4.599% due 11/26/2036 •  | 24 | 24 |
| **OTHER ABS 1.5%**  |  |  |
| **37 Capital CLO Ltd.** <br>5.346% due 04/15/2035 •  | 8600 | 8573 |
| **Bain Capital Credit CLO Ltd.** <br>5.359% due 10/21/2034 •  | 1700 | 1702 |
| **Betony CLO Ltd.** <br>5.621% due 04/30/2031 •  | 366 | 366 |
| **CIFC Funding Ltd.** <br>5.644% due 01/22/2031 •  | 391 | 392 |
| **Dewolf Park CLO Ltd.** <br>5.438% due 10/15/2030 •  | 570 | 571 |
| **Elmwood CLO Ltd.** <br>5.463% due 04/22/2035 « | 1200 | 1200 |
| **KKR CLO Ltd.**  |  |  |
| 5.518% due 04/15/2031 •  | 512 | 513 |
| 5.701% due 02/09/2035 •  | 1000 | 1001 |
| **Magnetite Ltd.** <br>5.743% due 01/25/2032 •  | 639 | 640 |
| **Ocean Trails CLO** <br>5.299% due 07/20/2034 •  | 3400 | 3401 |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Octagon** **Investment Partners Ltd.** <br>5.501% due 07/19/2030 •  | 126 | 126 |
| **Sound Point CLO** <br>5.688% due 07/15/2034 •  | 2000 | 2002 |
| **Start Ltd.** <br>4.089% due 03/15/2044 | 367 | 363 |
| **Symphony CLO Ltd.** <br>5.479% due 01/23/2032 •  | 798 | 798 |
| **Trinitas CLO Ltd.** <br>5.652% due 04/25/2033 •  | 9000 | 9012 |
| **Vertical Bridge Holdings LLC** <br>2.636% due 09/15/2050 | 4200 | 4176 |
| **Wellfleet CLO Ltd.** <br>0.000% due 04/20/2034 •(a) | 1800 | 1800 |
|  |  | 36636 |
| Total Asset-Backed Securities (Cost $40,725) |  | 40807 |
| **SOVEREIGN ISSUES 1.2%**  |  |  |
| **Israel Government International Bond** <br>5.375% due 03/12/2029 | 4100 | 4187 |
| **Mexico Government International Bond** <br>5.850% due 07/02/2032 (a) | 1000 | 1013 |
| **Republic of South Africa Government International Bond** <br>4.850% due 09/30/2029 | 6000 | 5791 |
| **Saudi Government International Bond**  |  |  |
| 2.250% due 02/02/2033  | 9300 | 7813 |
| 5.125% due 01/13/2028  | 9600 | 9763 |
| Total Sovereign Issues (Cost $29,916) |  | 28567 |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **FINANCIALS 0.0%**  |  |  |
| **MNSN Holdings, Inc. «(b)(h)** | 2033 | 8 |
| **INDUSTRIALS 0.0%**  |  |  |
| **Foresea Holdings SA «** | 25822 | 529 |
| Total Common Stocks (Cost $556) |  | 537 |
| **CONVERTIBLE PREFERRED SECURITIES 0.7%**  |  |  |
| **BANKING & FINANCE 0.7%**  |  |  |
| **Wells Fargo & Co.**<br>7.500% | 13190 | 15487 |
| Total Convertible Preferred Securities (Cost $10,405) |  | 15487 |
| **PREFERRED SECURITIES 4.8%**  |  |  |
| **BANKING & FINANCE 4.7%**  |  |  |
| **AGFC Capital Trust**<br>6.268% (US0003M + 1.750%) due 01/15/2067 ~ | 3080000 | 2153 |
| **American Express Co.**<br>3.550% due 09/15/2026 •(e) | 2000000 | 1957 |
| **Banco Santander SA**<br>8.000% due 02/01/2034 •(e)(f) | 2000000 | 2118 |
| **Bank of America Corp.**<br>5.875% due 03/15/2028 •(e) | 14085000 | 14312 |
| **Capital One Financial Corp.**<br>3.950% due 09/01/2026 •(e) | 3250000 | 3175 |
| **Charles Schwab Corp.**<br>4.000% due 12/01/2030 •(e) | 10100000 | 9370 |
| **Citigroup, Inc.**  |  |  |
| 3.875% due 02/18/2026 •(e) | 12500000 | 12349 |
| 6.950% due 02/15/2030 •(e) | 900000 | 920 |
| 7.200% due 05/15/2029 •(e) | 2800000 | 2900 |
| **CoBank ACB**<br>4.250% due 01/01/2027 •(e) | 4200000 | 4058 |
| **Depository Trust & Clearing Corp.**<br>3.375% due 06/20/2026 •(e) | 2000000 | 1940 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 6.125% due 11/10/2034 •(e) | 3000000 | 3000 |
| 6.850% due 02/10/2030 •(e) | 4100000 | 4240 |
| 7.500% due 02/10/2029 •(e) | 2500000 | 2657 |
| **JPMorgan Chase & Co.**  |  |  |
| 3.650% due 06/01/2026 •(e) | 2500000 | 2463 |
| 4.200% due 09/01/2026 (e) | 250000 | 4477 |
| 4.625% due 06/01/2026 (e) | 110000 | 2150 |

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<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.500% due 04/01/2030 •(e) | 4400000 | 4543 |
| 6.875% due 06/01/2029 •(e) | 3300000 | 3488 |
| 7.036% due 10/01/2025 ~(e)(i) | 11000000 | 11073 |
| **USB Capital**<br>5.538% due 07/30/2025 •(e) | 14250000 | 11854 |
| **Wells Fargo & Co.**  |  |  |
| 6.850% due 09/15/2029 •(e) | 6500000 | 6821 |
| 7.625% due 09/15/2028 •(e) | 1400000 | 1507 |
|  |  | 113525 |
| **INDUSTRIALS 0.1%**  |  |  |
| **SVB Financial Trust**  |  |  |
| 0.000% due 11/07/2032 (d) | 228000 | 5 |
| 11.000% due 11/07/2032 | 2317 | 1228 |
|  |  | 1233 |
| **UTILITIES 0.0%**  |  |  |
| **Sempra**<br>4.875% due 10/15/2025 •(e) | 1000000 | 997 |
| Total Preferred Securities (Cost $126,226) |  | 115755 |
| **SHORT-TERM INSTRUMENTS 0.4%**  |  |  |
| **MUTUAL FUNDS 0.2%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 4.380% (g) | 5628045 | 5628 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **U.S. TREASURY BILLS 0.2%**  |  |  |
| 4.334% due 08/07/2025 - 09/16/2025 (c)(d)(k)(m) | $5487 | 5456 |
| Total Short-Term Instruments (Cost $11,085) |  | 11084 |
| Total Investments in Securities (Cost $2,533,773) |  | 2512882 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 2.1%**  |  |  |
| **SHORT-TERM INSTRUMENTS 2.1%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 2.1%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 5250337 | 51123 |
| Total Short-Term Instruments (Cost $51,101) |  | 51123 |
| Total Investments in Affiliates (Cost $51,101) |  | 51123 |
| Total Investments 106.9% (Cost $2,584,874) |  | $2564005 |
| **Financial Derivative Instruments (j)(l) 0.1**%(Cost or Premiums, net $19,030) |  | 3513 |
| Other Assets and Liabilities, net (7.0)% |  | (169654) |
| Net Assets 100.0% |  | $2397864 |

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------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 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:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(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.** |
| **(f)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(g)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(h)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Constellation Pharmaceutical, Inc. 5.550% due 07/01/2033 | Constellation Pharmaceutical, Inc. 5.550% due 07/01/2033 | Constellation Pharmaceutical, Inc. 5.550% due 07/01/2033 | 01/16/2025 | 01/16/2025 | $1079 | 1079 | 1096 | 0.05 |
| MNSN Holdings, Inc. | MNSN Holdings, Inc. | MNSN Holdings, Inc. | 04/26/2022 | 04/26/2022 | 40 | 40 | 8 | 0.00 |
| National Football League 5.250% due 10/05/2034  | National Football League 5.250% due 10/05/2034  | National Football League 5.250% due 10/05/2034  | 06/27/2025 | 06/27/2025 | 3700 | 3700 | 3714 | 0.16 |
| National Football League 5.420% due 10/05/2037  | National Football League 5.420% due 10/05/2037  | National Football League 5.420% due 10/05/2037  | 06/27/2025 | 06/27/2025 | 1300 | 1300 | 1307 | 0.05 |
|  |  |  |  | $ | 6119 | $ | 6125 | 0.26%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BRC | BRC | 4.400%  | 12/20/2024 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (14280) | (14280) | (14617) |
|  |  | 4.400  | 05/19/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (3420) | (3420) | (3434) |
| DEU | DEU | 4.550  | 04/09/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (10284) | (10284) | (10392) |
| NOM | NOM | 3.250  | 06/02/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (3599) | (3599) | (3606) |
| TDM | TDM | 4.500  | 02/07/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (8081) | (8081) | (8082) |
|  |  | 4.500  | 03/13/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (2431) | (2431) | (2463) |
|  |  | 4.510  | 04/29/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (13730) | (13730) | (13819) |
|  |  | 4.520  | 12/20/2024 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (30156) | (30156) | (30887) |
|  |  | 4.520  | 03/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (15744) | (15744) | (15938) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  | **(103238)** |
| **(i)** | **Securities with an aggregate market value of $107,549 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $107,549 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $107,549 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $107,549 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $107,549 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $107,549 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $107,549 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $107,549 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended June 30, 2025 was $(165822) at a weighted average interest rate of 4.494%. 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 June 30, 2025 was $(165822) at a weighted average interest rate of 4.494%. 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 June 30, 2025 was $(165822) at a weighted average interest rate of 4.494%. 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 June 30, 2025 was $(165822) at a weighted average interest rate of 4.494%. 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 June 30, 2025 was $(165822) at a weighted average interest rate of 4.494%. 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 June 30, 2025 was $(165822) at a weighted average interest rate of 4.494%. 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 June 30, 2025 was $(165822) at a weighted average interest rate of 4.494%. 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 June 30, 2025 was $(165822) at a weighted average interest rate of 4.494%. 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. |
| **(j)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Expiration<br>Date | # of<br>Contracts | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | 07/25/2025 | 33 | $33 | (7) | (7) | (7) |
| Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | 07/25/2025 | 33 | 33 | (8) | (8) | (10) |
|  |  |  |  |  |  | (15) | (15) | (17) |

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<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS** **ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | $108.500 | 108.500 | 07/25/2025 | 36 | $36 | 36 | (12) | (12) | $ | (1) |
| Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | 109.000 | 109.000 | 07/25/2025 | 69 | 69 | 69 | (29) | (29) |  | (2) |
| Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | 109.500 | 109.500 | 07/25/2025 | 37 | 37 | 37 | (12) | (12) |  | (3) |
| Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | 110.250 | 110.250 | 07/25/2025 | 34 | 34 | 34 | (9) | (9) |  | (4) |
| Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | 112.500 | 112.500 | 07/25/2025 | 106 | 106 | 106 | (41) | (41) |  | (56) |
| Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | 112.750 | 112.750 | 07/25/2025 | 34 | 34 | 34 | (11) | (11) |  | (15) |
| Call - CBOT U.S. Treasury 10-Year Note August Futures  | Call - CBOT U.S. Treasury 10-Year Note August Futures  | Call - CBOT U.S. Treasury 10-Year Note August Futures  | Call - CBOT U.S. Treasury 10-Year Note August Futures  | Call - CBOT U.S. Treasury 10-Year Note August Futures  | Call - CBOT U.S. Treasury 10-Year Note August Futures  | 112.000 | 112.000 | 07/25/2025 | 36 | 36 | 36 | (12) | (12) |  | (27) |
|  |  |  |  |  |  |  |  |  |  |  | $ | (126) | (126) | $ | (108) |
| **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** | **$** | **(141)** | **(141)** | **$** | **(125)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description |  | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2027 | 306 | 306 | 74182 | 74182 | $705 | 705 | 705 | 27 | 27 | 27 | 0 |
| 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 09/2027 | 306 | 306 | 74132 | 74132 | 641 | 641 | 641 | 23 | 23 | 23 | 0 |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2027 | 306 | 306 | 74171 | 74171 | 682 | 682 | 682 | 23 | 23 | 23 | 0 |
| 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 12/2027 | 306 | 306 | 74086 | 74086 | 584 | 584 | 584 | 23 | 23 | 23 | 0 |
| U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | 09/2025 | 2410 | 2410 | 501336 | 501336 | 1824 | 1824 | 1824 | 132 | 132 | 132 | 0 |
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 09/2025 | 1514 | 1514 | 165026 | 165026 | 1729 | 1729 | 1729 | 201 | 201 | 201 | 0 |
| U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | 09/2025 | 123 | 123 | 13791 | 13791 | 234 | 234 | 234 | 38 | 38 | 38 | 0 |
| U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | 09/2025 | 1730 | 1730 | 197680 | 197680 | 3880 | 3880 | 3880 | 838 | 838 | 838 | 0 |
| U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | 09/2025 | 2170 | 2170 | 258501 | 258501 | 9459 | 9459 | 9459 | 2916 | 2916 | 2916 | 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** | **19738** | **19738** | **$** | **4221** | **4221** | **$** | **0** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Fixed <br>(Pay) Rate | Maturity<br>Date | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| Boeing Co.  | (1.000)% | 06/20/2029 | 0.612 | 0.612 | $1200 | 1200 | 17 | 17 | (35) | (35) | (18) | (18) | 0 | 0 | (1) |
| Citigroup, Inc.  | (1.000) | 12/20/2032 | 0.736 | 0.736 | 5000 | 5000 | 204 | 204 | (290) | (290) | (86) | (86) | 0 | 0 | (2) |
| JPMorgan Chase & Co.  | (1.000) | 12/20/2032 | 0.573 | 0.573 | 7500 | 7500 | 161 | 161 | (371) | (371) | (210) | (210) | 1 | 1 | 0 |
|  |  |  |  |  |  |  | $382 | 382 | (696) | (696) | (314) | (314) | $1 | 1 | $(3) |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Fixed <br>Receive Rate | Maturity<br>Date | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| AES Corp.  | 5.000% | 06/20/2026 | 0.317 | 0.317 | $5000 | 5000 | 1022 | 1022 | (790) | (790) | 232 | 232 | 0 | 0 | 0 |
| AES Corp.  | 5.000 | 12/20/2028 | 0.875 | 0.875 | 1000 | 1000 | 124 | 124 | 11 | 11 | 135 | 135 | 0 | 0 | (1) |
| AES Corp.  | 5.000 | 12/20/2029 | 1.096 | 1.096 | 3000 | 3000 | 540 | 540 | (59) | (59) | 481 | 481 | 0 | 0 | (2) |
| American International Group, Inc.  | 1.000 | 12/20/2027 | 0.310 | 0.310 | 2500 | 2500 | (15) | (15) | 57 | 57 | 42 | 42 | 0 | 0 | 0 |
| AT&T, Inc.  | 1.000 | 06/20/2026 | 0.303 | 0.303 | 8500 | 8500 | 164 | 164 | (104) | (104) | 60 | 60 | 0 | 0 | 0 |
| AT&T, Inc.  | 1.000 | 06/20/2028 | 0.431 | 0.431 | 16800 | 16800 | (91) | (91) | 366 | 366 | 275 | 275 | 4 | 4 | 0 |
| Bank of America Corp.  | 1.000 | 12/20/2026 | 0.359 | 0.359 | 9600 | 9600 | 115 | 115 | (23) | (23) | 92 | 92 | 0 | 0 | (1) |
| Boeing Co.  | 1.000 | 06/20/2026 | 0.296 | 0.296 | 800 | 800 | (6) | (6) | 12 | 12 | 6 | 6 | 0 | 0 | 0 |
| Boeing Co.  | 1.000 | 12/20/2026 | 0.367 | 0.367 | 17300 | 17300 | (84) | (84) | 247 | 247 | 163 | 163 | 0 | 0 | (1) |
| Boeing Co.  | 1.000 | 06/20/2030 | 0.742 | 0.742 | 400 | 400 | 1 | 1 | 4 | 4 | 5 | 5 | 0 | 0 | 0 |
| Citigroup, Inc.  | 1.000 | 12/20/2025 | 0.252 | 0.252 | 5700 | 5700 | 37 | 37 | (15) | (15) | 22 | 22 | 0 | 0 | 0 |
| General Electric Co.  | 1.000 | 06/20/2026 | 0.089 | 0.089 | 61400 | 61400 | 473 | 473 | 83 | 83 | 556 | 556 | 0 | 0 | (1) |
| General Electric Co.  | 1.000 | 12/20/2026 | 0.107 | 0.107 | 7800 | 7800 | 92 | 92 | 11 | 11 | 103 | 103 | 0 | 0 | (1) |
| General Motors Co.  | 5.000 | 12/20/2026 | 0.490 | 0.490 | 3710 | 3710 | 701 | 701 | (455) | (455) | 246 | 246 | 0 | 0 | (2) |
| General Motors Co.  | 5.000 | 06/20/2028 | 0.750 | 0.750 | 6450 | 6450 | 811 | 811 | (31) | (31) | 780 | 780 | 4 | 4 | 0 |
| Lennar Corp.  | 5.000 | 12/20/2026 | 0.393 | 0.393 | 4200 | 4200 | 867 | 867 | (582) | (582) | 285 | 285 | 0 | 0 | (1) |

---

------

<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| NextEra Energy Capital Holdings, Inc.  | NextEra Energy Capital Holdings, Inc.  | NextEra Energy Capital Holdings, Inc.  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.246 |  | 2600 | 59 | 59 | 59 | (39) | (39) | 20 | 20 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 4810 | 4810 | (1307) | (1307) | 3503 | 3503 | 8 | 8 | (10) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset |  | Liability |
| CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | 1.000% | 1.000% | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 37300 | 37300 | 717 | 717 | 717 | 134 | 134 | 851 | 851 | 18 | $ | 0 |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 742700 | 742700 | 12275 | 12275 | 12275 | 4401 | 4401 | 16676 | 16676 | 411 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 12992 | 12992 | 12992 | 4535 | 4535 | 17527 | 17527 | 429 | $ | 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** | **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 | Floating Rate Index | Fixed Rate | Fixed Rate | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount |  | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | 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 | 1-Day USD-SOFR Compounded-OIS | 3.250% | 3.250% | 3.250% | Annual | 06/18/2030 | $73800 | 73800 | $ | 1423 | 1423 | $(822) | (822) | $601 | 601 | $0 | 0 | $(122) |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | 3.750 | Annual | 05/15/2032 | 66677 | 66677 |  | (70) | (70) | (950) | (950) | (1020) | (1020) | 0 | 0 | (172) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.994 | 3.994 | 3.994 | Annual | 07/02/2034 | 11010 | 11010 |  | (99) | (99) | (120) | (120) | (219) | (219) | 0 | 0 | (39) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.555 | 3.555 | 3.555 | Annual | 08/28/2034 | 2460 | 2460 |  | (9) | (9) | 48 | 48 | 39 | 39 | 0 | 0 | (9) |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.900 | 3.900 | 3.900 | Annual | 02/15/2035 | 63552 | 63552 |  | (137) | (137) | (1136) | (1136) | (1273) | (1273) | 0 | 0 | (247) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.908 | 3.908 | 3.908 | Annual | 03/04/2035 | 1480 | 1480 |  | (5) | (5) | (21) | (21) | (26) | (26) | 0 | 0 | (6) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | 3.500 | 3.500 | Annual | 06/20/2054 | 7080 | 7080 |  | 315 | 315 | 204 | 204 | 519 | 519 | 0 | 0 | (54) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 1418 | 1418 | 1418 | (2797) | (2797) | (1379) | (1379) | 0 | $ | (649) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **19602** | **19602** | **19602** | **(265)** | **(265)** | **19337** | **19337** | **438** | **$** | **(662)** |
| **(k)** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,360 and cash of $111,271 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** |
| <sup>(1)</sup> | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(l)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** |
| Counterparty | Counterparty | Counterparty | Counterparty | Description | Description | Description | Description | Description | Description | Description | Buy/Sell<br>Protection | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| GST | GST | GST | GST | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | 0.850% | 0.850% | 0.850% | 07/16/2025 | 07/16/2025 | 4000 | 4000 | (6) | (6) | $ | 0 |
|  |  |  |  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | 0.900 | 0.900 | 0.900 | 07/16/2025 | 07/16/2025 | 7900 | 7900 | (9) | (9) |  | (1) |
| JPM | JPM | JPM | JPM | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | 1.000 | 1.000 | 1.000 | 07/16/2025 | 07/16/2025 | 3800 | 3800 | (4) | (4) |  | 0 |
| RBC | RBC | RBC | RBC | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | 0.850 | 0.850 | 0.850 | 07/16/2025 | 07/16/2025 | 4100 | 4100 | (5) | (5) |  | (1) |
|  |  |  |  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | 0.900 | 0.900 | 0.900 | 07/16/2025 | 07/16/2025 | 3700 | 3700 | (4) | (4) |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (28) | (28) | $ | (2) |

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<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** | **INTEREST** **RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.770% | 07/09/2025 | 1700 | $(5) | $(16) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.120 | 07/09/2025 | 1700 | (5) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.637 | 07/18/2025 | 1900 | (6) | (10) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.037 | 07/18/2025 | 1900 | (6) | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.700 | 07/21/2025 | 1700 | (5) | (13) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.050 | 07/21/2025 | 1700 | (5) | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.555 | 07/24/2025 | 1700 | (5) | (6) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.905 | 07/24/2025 | 1700 | (5) | (3) |
| CBK | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.605 | 07/23/2025 | 1800 | (7) | (8) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.955 | 07/23/2025 | 1800 | (6) | (2) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.564 | 07/24/2025 | 1700 | (6) | (6) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.914 | 07/24/2025 | 1700 | (5) | (3) |
| FAR | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.750 | 07/03/2025 | 2200 | (8) | (15) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.100 | 07/03/2025 | 2200 | (8) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.790 | 07/09/2025 | 2100 | (7) | (22) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.140 | 07/09/2025 | 2100 | (7) | 0 |
| GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.680 | 07/07/2025 | 900 | (3) | (3) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.775 | 07/07/2025 | 1800 | (6) | (16) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.030 | 07/07/2025 | 900 | (3) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.125 | 07/07/2025 | 1800 | (6) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.653 | 07/14/2025 | 2300 | (7) | (10) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.053 | 07/14/2025 | 2300 | (7) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.695 | 07/17/2025 | 1800 | (5) | (13) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.095 | 07/17/2025 | 1800 | (5) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.583 | 07/23/2025 | 900 | (3) | (4) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.933 | 07/23/2025 | 900 | (3) | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.525 | 07/28/2025 | 1700 | (6) | (6) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.875 | 07/28/2025 | 1700 | (6) | (4) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.555 | 07/30/2025 | 1600 | (5) | (7) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 3.905 | 07/30/2025 | 1600 | (5) | (4) |
| JPM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.772 | 07/10/2025 | 1800 | (6) | (17) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.122 | 07/10/2025 | 1800 | (6) | 0 |
| MYC | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.715 | 07/02/2025 | 1900 | (7) | (8) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.065 | 07/02/2025 | 1900 | (7) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.725 | 07/03/2025 | 2000 | (8) | (11) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.075 | 07/03/2025 | 2000 | (8) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.669 | 07/07/2025 | 2000 | (8) | (7) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.019 | 07/07/2025 | 2000 | (8) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | 3.664 | 07/14/2025 | 2500 | (7) | (12) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | 4.064 | 07/14/2025 | 2500 | (7) | 0 |

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<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.697 | 3.697 | 07/16/2025 | 07/16/2025 | 1700 |  | (5) | (5) | (5) | (11) | (11) |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.097 | 4.097 | 07/16/2025 | 07/16/2025 | 1700 |  | (5) | (5) | (5) | 0 | 0 |
| NGF | NGF | NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.545 | 3.545 | 07/28/2025 | 07/28/2025 | 2300 |  | (7) | (7) | (7) | (9) | (9) |
|  |  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.895 | 3.895 | 07/28/2025 | 07/28/2025 | 2300 |  | (7) | (7) | (7) | (5) | (5) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (262) | (262) | (262) | $(254) | (254) |
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| SAL | SAL | SAL | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | $92.469 | 92.469 | 92.469 | 07/07/2025 | 07/07/2025 |  | 1000 | $ | (5) | (5) | (5) | $0 | 0 |
|  |  |  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | 96.469 | 96.469 | 96.469 | 07/07/2025 | 07/07/2025 |  | 1000 |  | (5) | (5) | (5) | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (10) | (10) | (10) | $0 | 0 |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(300)** | **(300)** | **(300)** | $**(256)** | **(256)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <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 | Reference Entity | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BRC | BRC | NextEra Energy Capital Holdings, Inc.  | NextEra Energy Capital Holdings, Inc.  | NextEra Energy Capital Holdings, Inc.  | Quarterly | 12/20/2025 | 12/20/2025 | 12/20/2025 | 0.162% | 0.162% | $1400 | 30 | 30 | $(24) | (24) | $6 | 6 | $0 |
| JPM | JPM | Israel Government International Bond  | Israel Government International Bond  | Israel Government International Bond  | Quarterly | 06/20/2029 | 06/20/2029 | 06/20/2029 | 0.803 | 0.803 | 1100 | (12) | (12) | 20 | 20 | 8 | 8 | 0 |
|  |  | Mexico Government International Bond  | Mexico Government International Bond  | Mexico Government International Bond  | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 0.401 | 0.401 | 200 | (1) | (1) | 2 | 2 | 1 | 1 | 0 |
|  |  | Nissan Motor Acceptance Co. LLC  | Nissan Motor Acceptance Co. LLC  | Nissan Motor Acceptance Co. LLC  | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 1.843 | 1.843 | 11400 | (145) | (145) | 12 | 12 | 0 | 0 | (133) |
| MYC | MYC | Mexico Government International Bond  | Mexico Government International Bond  | Mexico Government International Bond  | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.493 | 0.493 | 500 | 1 | 1 | 3 | 3 | 4 | 4 | 0 |
|  |  | Mexico Government International Bond  | Mexico Government International Bond  | Mexico Government International Bond  | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 0.538 | 0.538 | 1200 | (4) | (4) | 15 | 15 | 11 | 11 | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **(131)** | **(131)** | $**28** | **28** | $**30** | **30** | $**(133)** |
| **(m)** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $290 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 1 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |  |
| **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** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | 0 | 0 | 0 | $4918 | 4918 | 4918 | $ | 4918 | 4918 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 0 | 1095504 | 0 | 0 | 0 |  | 1095504 | 1095504 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 712364 | 6117 | 6117 | 6117 |  | 718481 | 718481 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 0 | 231294 | 0 | 0 | 0 |  | 231294 | 231294 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| California | California | California | California | California | California | California | 0 | 0 | 0 | 0 | 908 | 0 | 0 | 0 |  | 908 | 908 |  |
| Georgia | Georgia | Georgia | Georgia | Georgia | Georgia | Georgia | 0 | 0 | 0 | 0 | 8584 | 0 | 0 | 0 |  | 8584 | 8584 |  |
| Illinois | Illinois | Illinois | Illinois | Illinois | Illinois | Illinois | 0 | 0 | 0 | 0 | 646 | 0 | 0 | 0 |  | 646 | 646 |  |
| Massachusetts | Massachusetts | Massachusetts | Massachusetts | Massachusetts | Massachusetts | Massachusetts | 0 | 0 | 0 | 0 | 308 | 0 | 0 | 0 |  | 308 | 308 |  |
| New York | New York | New York | New York | New York | New York | New York | 0 | 0 | 0 | 0 | 243 | 0 | 0 | 0 |  | 243 | 243 |  |
| Ohio | Ohio | Ohio | Ohio | Ohio | Ohio | Ohio | 0 | 0 | 0 | 0 | 7885 | 0 | 0 | 0 |  | 7885 | 7885 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 0 | 194851 | 0 | 0 | 0 |  | 194851 | 194851 |  |
| 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 | 0 | 37023 | 0 | 0 | 0 |  | 37023 | 37023 |  |

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<br> Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile Sequential | 0 | 956 | 0 | 956 |
| CMBS Other | 0 | 3191 | 0 | 3191 |
| Home Equity Sequential | 0 | 24 | 0 | 24 |
| Other ABS | 0 | 35436 | 1200 | 36636 |
| Sovereign Issues | 0 | 28567 | 0 | 28567 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Financials | 0 | 0 | 8 | 8 |
| Industrials | 0 | 0 | 529 | 529 |
| Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities |
| Banking & Finance | 15487 | 0 | 0 | 15487 |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | 6627 | 106898 | 0 | 113525 |
| Industrials | 0 | 1233 | 0 | 1233 |
| Utilities | 0 | 997 | 0 | 997 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | 0 | 5628 | 0 | 5628 |
| U.S. Treasury Bills | 0 | 5456 | 0 | 5456 |
|  | $22114 | $2477996 | $12772 | $2512882 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $51123 | $0 | $0 | $51123 |
| Total Investments | $73237 | $2477996 | $12772 | $2564005 |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 0 | 4659 | 0 | 4659 |
| Over the counter | 0 | 30 | 0 | 30 |
|  | $0 | $4689 | $0 | $4689 |
| **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 | (787) | 0 | (787) |
| Over the counter | 0 | (389) | 0 | (389) |
|  | $0 | $(1176) | $0 | $(1176) |
| Total Financial Derivative Instruments | $0 | $3513 | $0 | $3513 |
| Totals | $73237 | $2481509 | $12772 | $2567518 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

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<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio June 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 125.3% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.3%**  |  |  |
| **Castlelake LP**<br>2.950% due 05/13/2031 « | $30791 | $29085 |
| **Charter Communications Operating LLC**<br>6.548% (TSFR3M + 2.250%) due 12/15/2031 ~ | 14057 | 14095 |
| **Pantheon Senior Debt Secondaries**<br>6.317% (TSFR3M + 2.000%) due 03/26/2026 «(k) | 8700 | 8700 |
| **Project Alpha Investindustrial**<br>4.256% (EUR003M + 2.100%) due 02/27/2026 «~(k) | 5198 | 6122 |
| **Project Hudson**<br>7.730% due 05/29/2026 « | $12500 | 12682 |
| Total Loan Participations and Assignments (Cost $71,378) |  | 70684 |
| **CORPORATE BONDS & NOTES 77.5%**  |  |  |
| **BANKING & FINANCE 28.6%**  |  |  |
| **ABN AMRO Bank NV** <br>6.875% due 09/22/2031 •(h)(i) | 1200 | 1519 |
| **Accident Fund Insurance Co. of America** <br>8.500% due 08/01/2032 | $103000 | 102829 |
| **AerCap Ireland Capital DAC**  |  |  |
| 3.000% due 10/29/2028  | 12861 | 12256 |
| 3.875% due 01/23/2028  | 150 | 147 |
| 4.625% due 10/15/2027  | 16500 | 16571 |
| **AIA Group Ltd.** <br>3.200% due 09/16/2040 | 3900 | 3002 |
| **Aircastle Ltd.**  |  |  |
| 2.850% due 01/26/2028  | 11500 | 10953 |
| 5.250% due 03/15/2030  | 1600 | 1614 |
| 6.500% due 07/18/2028  | 2088 | 2181 |
| **Alexandria Real Estate Equities, Inc.**  |  |  |
| 2.000% due 05/18/2032  | 7991 | 6639 |
| 4.000% due 02/01/2050  | 2300 | 1695 |
| 4.850% due 04/15/2049  | 900 | 755 |
| 5.500% due 10/01/2035  | 10900 | 11029 |
| **Alleghany Corp.** <br>4.900% due 09/15/2044 | 5400 | 4921 |
| **Ally Financial, Inc.** <br>6.992% due 06/13/2029 •  | 3400 | 3580 |
| **American Assets Trust LP**  |  |  |
| 3.375% due 02/01/2031  | 30500 | 27328 |
| 6.150% due 10/01/2034  | 8800 | 8800 |
| **American Express Co.** <br>5.442% due 01/30/2036 •  | 20900 | 21343 |
| **American Financial Group, Inc.** <br>4.500% due 06/15/2047 | 40300 | 32588 |
| **American Homes 4 Rent LP**  |  |  |
| 2.375% due 07/15/2031  | 700 | 610 |
| 3.375% due 07/15/2051  | 10700 | 7088 |
| 3.625% due 04/15/2032  | 18877 | 17430 |
| 4.250% due 02/15/2028  | 7483 | 7441 |
| 4.300% due 04/15/2052  | 10700 | 8335 |
| 4.950% due 06/15/2030  | 1200 | 1213 |
| 5.250% due 03/15/2035  | 5200 | 5164 |
| **American Tower Corp.**  |  |  |
| 1.875% due 10/15/2030  | 400 | 348 |
| 2.100% due 06/15/2030  | 17600 | 15640 |
| 2.950% due 01/15/2051 (l)  | 26346 | 16701 |
| 3.100% due 06/15/2050  | 14059 | 9230 |
| 3.125% due 01/15/2027  | 7300 | 7160 |
| 3.375% due 10/15/2026  | 2666 | 2633 |
| 3.600% due 01/15/2028  | 2250 | 2210 |
| 3.700% due 10/15/2049  | 7300 | 5341 |
| 3.800% due 08/15/2029  | 61400 | 59718 |
| 3.950% due 03/15/2029  | 25300 | 24777 |
| 4.050% due 03/15/2032  | 1300 | 1244 |
| 4.400% due 02/15/2026  | 3100 | 3096 |
| 5.250% due 07/15/2028  | 2095 | 2149 |
| 5.550% due 07/15/2033  | 15600 | 16099 |
| 5.650% due 03/15/2033  | 11675 | 12176 |
| 5.900% due 11/15/2033  | 22000 | 23229 |
| **AmFam Holdings, Inc.**  |  |  |
| 2.805% due 03/11/2031  | 11960 | 10190 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 3.833% due 03/11/2051  | 10315 | 6538 |
| **Antares Holdings LP**  |  |  |
| 2.750% due 01/15/2027  | 7700 | 7393 |
| 3.750% due 07/15/2027  | 18400 | 17697 |
| 3.950% due 07/15/2026  | 4100 | 4034 |
| 6.500% due 02/08/2029  | 10000 | 10135 |
| 7.950% due 08/11/2028  | 5500 | 5812 |
| **Aon North America, Inc.** <br>5.750% due 03/01/2054 | 6165 | 6083 |
| **Apollo Debt Solutions BDC**  |  |  |
| 6.550% due 03/15/2032  | 7500 | 7665 |
| 6.700% due 07/29/2031  | 15000 | 15592 |
| 6.900% due 04/13/2029  | 8346 | 8716 |
| **Arch Capital Finance LLC** <br>5.031% due 12/15/2046 | 4100 | 3709 |
| **Arch Capital Group Ltd.** <br>3.635% due 06/30/2050 (l) | 23025 | 16802 |
| **Ares Capital Corp.** <br>5.950% due 07/15/2029 | 3740 | 3828 |
| **Ares Finance Co. LLC**  |  |  |
| 3.250% due 06/15/2030  | 6400 | 5958 |
| 3.650% due 02/01/2052  | 5100 | 3539 |
| 4.125% due 06/30/2051 •  | 12400 | 12143 |
| **Ares Management Corp.**  |  |  |
| 5.600% due 10/11/2054  | 12000 | 11338 |
| 6.375% due 11/10/2028  | 34300 | 36372 |
| **Ares Strategic Income Fund**  |  |  |
| 5.600% due 02/15/2030  | 4800 | 4788 |
| 6.200% due 03/21/2032  | 5800 | 5820 |
| **Arthur J Gallagher & Co.** <br>3.500% due 05/20/2051 | 17500 | 12179 |
| **Assured Guaranty U.S. Holdings, Inc.**  |  |  |
| 3.600% due 09/15/2051  | 10300 | 7025 |
| 6.125% due 09/15/2028  | 8400 | 8834 |
| **Athene Global Funding**  |  |  |
| 5.322% due 11/13/2031  | 12000 | 12105 |
| 5.516% due 03/25/2027  | 11300 | 11493 |
| 5.526% due 07/11/2031  | 14400 | 14721 |
| 5.583% due 01/09/2029  | 6700 | 6890 |
| **Augustar Life Insurance Co.** <br>6.875% due 06/15/2042 | 400 | 366 |
| **Aviation Capital Group LLC**  |  |  |
| 3.500% due 11/01/2027  | 2050 | 1999 |
| 6.250% due 04/15/2028  | 6600 | 6879 |
| **Avolon Holdings Funding Ltd.**  |  |  |
| 2.528% due 11/18/2027  | 38606 | 36714 |
| 5.375% due 05/30/2030  | 5400 | 5503 |
| 5.500% due 01/15/2026  | 15000 | 15025 |
| **AXIS Specialty Finance LLC** <br>3.900% due 07/15/2029 | 4000 | 3886 |
| **Banco Bilbao Vizcaya Argentaria SA**  |  |  |
| 6.033% due 03/13/2035 •  | 15000 | 15648 |
| 7.883% due 11/15/2034 •  | 10000 | 11369 |
| **Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa** <br>4.375% due 04/11/2027 | 5100 | 5048 |
| **Banco Santander SA**  |  |  |
| 3.306% due 06/27/2029  | 3600 | 3458 |
| 4.875% due 10/18/2031  | 4300 | 5497 |
| **Bank Leumi Le-Israel BM** <br>7.129% due 07/18/2033 •(i) | $7500 | 7704 |
| **Bank of America Corp.**  |  |  |
| 2.299% due 07/21/2032 •  | 12355 | 10770 |
| 2.687% due 04/22/2032 •  | 10000 | 8977 |
| 2.972% due 07/21/2052 •  | 1700 | 1100 |
| 3.194% due 07/23/2030 •  | 30600 | 29133 |
| 3.311% due 04/22/2042 •  | 8700 | 6681 |
| 3.419% due 12/20/2028 •  | 81151 | 79339 |
| 3.593% due 07/21/2028 •  | 5700 | 5614 |
| 3.974% due 02/07/2030 •  | 14862 | 14631 |
| 4.083% due 03/20/2051 •  | 12200 | 9697 |
| 4.571% due 04/27/2033 •  | 88000 | 86623 |
| 5.080% due 01/20/2027 •  | 1300 | 1304 |
| 5.202% due 04/25/2029 •  | 4825 | 4932 |
| 5.288% due 04/25/2034 •  | 5000 | 5102 |
| 5.365% due 01/24/2031 ~  | 14000 | 13961 |
| 5.468% due 01/23/2035 •  | 22300 | 22918 |
| 5.511% due 01/24/2036 •  | 30000 | 30858 |
| 5.872% due 09/15/2034 •  | 2521 | 2661 |
| **Bank of America NA** <br>6.000% due 10/15/2036 | 9200 | 9731 |
| **Barclays PLC**  |  |  |
| 4.972% due 05/16/2029 •  | 24214 | 24472 |
| 5.088% due 06/20/2030 •  | 2075 | 2086 |
| 5.746% due 08/09/2033 •  | 2400 | 2489 |
| 5.851% due 03/21/2035 •  | 12100 | 16795 |
| 6.224% due 05/09/2034 •  | $12195 | 12948 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.375% due 12/15/2025 •(h)(i)  | 4000 | 5503 |
| 6.692% due 09/13/2034 •  | $13720 | 14984 |
| 7.437% due 11/02/2033 •  | 8500 | 9650 |
| 8.875% due 09/15/2027 •(h)(i)  | 1347 | 1951 |
| 9.250% due 09/15/2028 •(h)(i)  | 23900 | 35351 |
| **BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico**  |  |  |
| 5.875% due 09/13/2034 •(i)  | $1000 | 983 |
| 7.625% due 02/11/2035 •(i)  | 10000 | 10293 |
| 8.450% due 06/29/2038 •(i)  | 400 | 423 |
| **Berkshire Hathaway Finance Corp.**  |  |  |
| 2.875% due 03/15/2032  | 7900 | 7286 |
| 3.850% due 03/15/2052  | 13600 | 10533 |
| 4.200% due 08/15/2048  | 13700 | 11507 |
| **Berkshire Hathaway, Inc.** <br>4.500% due 02/11/2043 | 245 | 228 |
| **BGC Group, Inc.**  |  |  |
| 4.375% due 12/15/2025  | 6100 | 6082 |
| 6.150% due 04/02/2030  | 9800 | 9939 |
| 6.600% due 06/10/2029  | 3500 | 3629 |
| 8.000% due 05/25/2028  | 5600 | 5992 |
| **Blackstone Holdings Finance Co. LLC**  |  |  |
| 2.000% due 01/30/2032  | 5300 | 4464 |
| 2.800% due 09/30/2050  | 10500 | 6371 |
| 3.200% due 01/30/2052  | 43000 | 28021 |
| 3.500% due 09/10/2049  | 5500 | 3812 |
| 4.000% due 10/02/2047  | 4600 | 3555 |
| **Blackstone Secured Lending Fund** <br>2.750% due 09/16/2026 | 8300 | 8084 |
| **Block Financial LLC** <br>2.500% due 07/15/2028 | 4181 | 3939 |
| **Blue Owl Finance LLC**  |  |  |
| 3.125% due 06/10/2031  | 28800 | 25586 |
| 4.125% due 10/07/2051  | 10500 | 7197 |
| 4.375% due 02/15/2032  | 11000 | 10276 |
| 6.250% due 04/18/2034  | 13000 | 13384 |
| **BNP Paribas SA**  |  |  |
| 3.052% due 01/13/2031 •  | 10700 | 9958 |
| 3.132% due 01/20/2033 •(l)  | 12400 | 11045 |
| 5.125% due 01/13/2029 •  | 10100 | 10255 |
| 5.786% due 01/13/2033 •  | 9400 | 9785 |
| 7.375% due 06/11/2030 •(h)(i)  | 4200 | 5458 |
| 7.375% due 09/10/2034 •(h)(i)  | $12400 | 12624 |
| 8.500% due 08/14/2028 •(h)(i)  | 5400 | 5724 |
| **BPCE SA**  |  |  |
| 5.716% due 01/18/2030 •  | 4200 | 4325 |
| 5.936% due 05/30/2035 •  | 7700 | 7894 |
| 6.293% due 01/14/2036 •  | 16450 | 17283 |
| 7.003% due 10/19/2034 •  | 15544 | 17085 |
| **Brandywine Operating Partnership LP**  |  |  |
| 3.950% due 11/15/2027  | 200 | 195 |
| 4.550% due 10/01/2029 (l)  | 5400 | 5090 |
| **Brighthouse Financial, Inc.** <br>3.850% due 12/22/2051 | 13100 | 8448 |
| **Brookfield Capital Finance LLC** <br>6.087% due 06/14/2033 | 10000 | 10585 |
| **Brookfield Finance LLC** <br>3.450% due 04/15/2050 | 19000 | 12891 |
| **Brookfield Finance, Inc.**  |  |  |
| 3.500% due 03/30/2051  | 14900 | 10119 |
| 3.625% due 02/15/2052  | 33900 | 23476 |
| 4.700% due 09/20/2047  | 34350 | 29360 |
| 5.813% due 03/03/2055  | 6000 | 5872 |
| 5.968% due 03/04/2054  | 32700 | 32665 |
| **Brown & Brown, Inc.**  |  |  |
| 4.500% due 03/15/2029  | 10300 | 10301 |
| 4.950% due 03/17/2052  | 14800 | 12823 |
| 5.550% due 06/23/2035  | 2700 | 2754 |
| 6.250% due 06/23/2055  | 4300 | 4437 |
| **Cantor Fitzgerald LP**  |  |  |
| 4.500% due 04/14/2027  | 14500 | 14342 |
| 7.200% due 12/12/2028  | 15000 | 15929 |
| **Capital One Financial Corp.** <br>5.268% due 05/10/2033 •  | 3800 | 3835 |
| **Carlyle Finance LLC** <br>5.650% due 09/15/2048 | 5700 | 5427 |
| **Carlyle Finance Subsidiary LLC** <br>3.500% due 09/19/2029 | 3600 | 3454 |
| **CBRE Services, Inc.** <br>5.950% due 08/15/2034 | 10000 | 10534 |
| **Chubb INA Holdings LLC**  |  |  |
| 2.850% due 12/15/2051  | 8500 | 5449 |
| 3.050% due 12/15/2061  | 10748 | 6641 |
| **CI Financial Corp.**  |  |  |
| 3.200% due 12/17/2030  | 2500 | 2206 |
| 4.100% due 06/15/2051  | 38200 | 27184 |
| 7.500% due 05/30/2029  | 17800 | 18790 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Citadel** **Finance LLC** <br>5.900% due 02/10/2030 | 22200 | 22420 |
| **Citadel LP**  |  |  |
| 6.000% due 01/23/2030  | 2200 | 2276 |
| 6.375% due 01/23/2032  | 2900 | 3030 |
| **Citibank NA** <br>5.570% due 04/30/2034 | 2000 | 2084 |
| **Citigroup, Inc.**  |  |  |
| 3.200% due 10/21/2026  | 13052 | 12870 |
| 3.668% due 07/24/2028 •  | 10000 | 9846 |
| 4.075% due 04/23/2029 •  | 44000 | 43570 |
| 5.333% due 03/27/2036 •(l)  | 15000 | 15123 |
| 5.827% due 02/13/2035 •  | 13400 | 13678 |
| **CME Group, Inc.** <br>4.150% due 06/15/2048 | 2875 | 2425 |
| **CNA Financial Corp.**  |  |  |
| 5.125% due 02/15/2034  | 3500 | 3508 |
| 5.500% due 06/15/2033  | 7400 | 7596 |
| **Commonwealth Bank of Australia** <br>3.784% due 03/14/2032 (i) | 13700 | 12704 |
| **Cooperatieve Rabobank UA**  |  |  |
| 3.758% due 04/06/2033 •  | 37195 | 34734 |
| 4.375% due 06/29/2027 •(h)(i)  | 21400 | 25170 |
| 4.625% due 12/29/2025 •(h)(i)  | 9200 | 10878 |
| 5.447% due 03/05/2030 •  | $6100 | 6293 |
| **COPT Defense Properties LP**  |  |  |
| 2.250% due 03/15/2026  | 3600 | 3532 |
| 2.900% due 12/01/2033  | 4000 | 3290 |
| **Corebridge Financial, Inc.**  |  |  |
| 3.900% due 04/05/2032  | 18900 | 17753 |
| 4.350% due 04/05/2042  | 10400 | 8752 |
| 4.400% due 04/05/2052  | 45700 | 36585 |
| 6.375% due 09/15/2054 •(l)  | 7000 | 6994 |
| 6.875% due 12/15/2052 •  | 12500 | 12900 |
| **Corebridge Global Funding** <br>4.900% due 01/07/2028 | 3700 | 3757 |
| **CoStar Group, Inc.** <br>2.800% due 07/15/2030 | 11400 | 10318 |
| **Credit Agricole SA**  |  |  |
| 5.862% due 01/09/2036 •  | 16100 | 16698 |
| 7.250% due 09/23/2028 •(h)(i)  | 35700 | 45391 |
| **Credit Opportunities Partners LLC**  |  |  |
| 6.520% due 03/20/2028 «(k)  | $6900 | 6946 |
| 6.740% due 03/20/2030 «(k)  | 8200 | 8290 |
| **Crown Castle, Inc.**  |  |  |
| 2.100% due 04/01/2031  | 500 | 429 |
| 2.250% due 01/15/2031  | 5253 | 4572 |
| 3.100% due 11/15/2029  | 7500 | 7040 |
| 3.250% due 01/15/2051  | 22025 | 14378 |
| 3.800% due 02/15/2028  | 14700 | 14445 |
| 4.000% due 11/15/2049  | 39410 | 29066 |
| 4.300% due 02/15/2029  | 4400 | 4344 |
| 4.450% due 02/15/2026  | 13095 | 13081 |
| 4.750% due 05/15/2047  | 16840 | 14430 |
| 5.200% due 09/01/2034  | 17324 | 17172 |
| 5.200% due 02/15/2049  | 18710 | 16733 |
| **DAE Sukuk Difc Ltd.** <br>3.750% due 02/15/2026 | 5000 | 4968 |
| **Dai-ichi Life Insurance Co. Ltd.** <br>6.200% due 01/16/2035 •(h) | 8400 | 8497 |
| **Danske Bank AS** <br>5.427% due 03/01/2028 •  | 2100 | 2137 |
| **Deutsche Bank AG**  |  |  |
| 2.129% due 11/24/2026 •  | 12200 | 12078 |
| 3.729% due 01/14/2032 •  | 36000 | 32991 |
| **Digital Realty Trust LP** <br>4.450% due 07/15/2028 | 9100 | 9107 |
| **DOC Dr. LLC** <br>3.950% due 01/15/2028 | 7900 | 7833 |
| **Doctors Co. An Interinsurance Exchange** <br>4.500% due 01/18/2032 | 36000 | 32068 |
| **EPR Properties**  |  |  |
| 3.600% due 11/15/2031  | 2700 | 2454 |
| 3.750% due 08/15/2029  | 11360 | 10821 |
| 4.500% due 06/01/2027  | 9325 | 9282 |
| 4.750% due 12/15/2026  | 100 | 100 |
| 4.950% due 04/15/2028  | 14200 | 14178 |
| **Equinix Europe 2 Financing Corp. LLC** <br>5.500% due 06/15/2034 | 250 | 256 |
| **Equinix, Inc.**  |  |  |
| 3.000% due 07/15/2050  | 17681 | 11062 |
| 3.900% due 04/15/2032 (l)  | 48565 | 46022 |
| **Equitable Holdings, Inc.**  |  |  |
| 4.350% due 04/20/2028  | 8107 | 8094 |
| 4.572% due 02/15/2029  | 6032 | 6026 |
| 5.000% due 04/20/2048  | 15017 | 13262 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.700% due 03/28/2055 •  | 13000 | 13343 |
| **Erste Group Bank AG**  |  |  |
| 4.250% due 10/15/2027 •(h)(i)  | 8000 | 9285 |
| 8.500% due 10/15/2028 •(h)(i)(l)  | 1200 | 1587 |
| **Essential Properties LP** <br>2.950% due 07/15/2031 | $5000 | 4449 |
| **Essex Portfolio LP**  |  |  |
| 2.550% due 06/15/2031  | 7500 | 6668 |
| 2.650% due 09/01/2050  | 11800 | 6987 |
| 3.625% due 05/01/2027  | 900 | 890 |
| 5.375% due 04/01/2035  | 8000 | 8123 |
| 5.500% due 04/01/2034  | 1011 | 1033 |
| **Everest Reinsurance Holdings, Inc.** <br>3.500% due 10/15/2050 | 1500 | 1026 |
| **Extra Space Storage LP**  |  |  |
| 2.350% due 03/15/2032  | 10000 | 8491 |
| 3.900% due 04/01/2029  | 2900 | 2841 |
| **F&G Global Funding** <br>5.875% due 01/16/2030 | 5000 | 5145 |
| **Fairfax Financial Holdings Ltd.**  |  |  |
| 4.625% due 04/29/2030  | 7200 | 7165 |
| 4.850% due 04/17/2028  | 9600 | 9688 |
| 5.625% due 08/16/2032  | 7450 | 7658 |
| 6.000% due 12/07/2033  | 15000 | 15655 |
| 6.100% due 03/15/2055 (l)  | 19700 | 19314 |
| 6.350% due 03/22/2054  | 11900 | 12066 |
| **Farmers Insurance Exchange**  |  |  |
| 4.747% due 11/01/2057 •  | 21600 | 17690 |
| 7.000% due 10/15/2064 •  | 11100 | 11046 |
| **First American Financial Corp.**  |  |  |
| 4.000% due 05/15/2030  | 3300 | 3164 |
| 5.450% due 09/30/2034  | 2200 | 2156 |
| **FMR LLC**  |  |  |
| 5.150% due 02/01/2043  | 1550 | 1472 |
| 6.450% due 11/15/2039  | 500 | 553 |
| 6.500% due 12/14/2040  | 10000 | 11162 |
| **Ford Holdings LLC** <br>9.300% due 03/01/2030 | 13100 | 14906 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 5.850% due 05/17/2027  | 5000 | 5040 |
| 5.918% due 03/20/2028  | 4000 | 4041 |
| **Franklin Resources, Inc.** <br>2.950% due 08/12/2051 | 2800 | 1723 |
| **FS KKR Capital Corp.**  |  |  |
| 3.125% due 10/12/2028  | 6200 | 5687 |
| 6.125% due 01/15/2030  | 8000 | 7949 |
| 6.875% due 08/15/2029  | 1330 | 1364 |
| 7.875% due 01/15/2029  | 15000 | 15836 |
| **GA Global Funding Trust**  |  |  |
| 5.200% due 12/09/2031  | 4000 | 4009 |
| 5.400% due 01/13/2030  | 2700 | 2774 |
| 5.500% due 01/08/2029  | 4200 | 4307 |
| 5.900% due 01/13/2035  | 10000 | 10150 |
| **Global Atlantic Fin Co.**  |  |  |
| 6.750% due 03/15/2054  | 1810 | 1856 |
| 7.950% due 06/15/2033  | 10000 | 11333 |
| 7.950% due 10/15/2054 •  | 5500 | 5740 |
| **GLP Capital LP**  |  |  |
| 3.250% due 01/15/2032  | 13000 | 11452 |
| 4.000% due 01/15/2030  | 13040 | 12541 |
| 4.000% due 01/15/2031  | 3100 | 2925 |
| 5.300% due 01/15/2029  | 28800 | 29139 |
| 5.625% due 09/15/2034  | 19234 | 19177 |
| 5.750% due 06/01/2028  | 1166 | 1196 |
| 6.250% due 09/15/2054  | 15000 | 14655 |
| 6.750% due 12/01/2033  | 4400 | 4703 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 2.615% due 04/22/2032 •  | 4000 | 3556 |
| 3.102% due 02/24/2033 •  | 1700 | 1531 |
| 3.436% due 02/24/2043 •  | 14100 | 10758 |
| 3.691% due 06/05/2028 •  | 14644 | 14442 |
| 4.411% due 04/23/2039 •  | 9100 | 8209 |
| 5.016% due 10/23/2035 •  | 50000 | 49416 |
| 5.049% due 07/23/2030 •  | 6200 | 6304 |
| 5.330% due 07/23/2035 •  | 17724 | 17886 |
| 5.536% due 01/28/2036 •  | 20000 | 20518 |
| 5.734% due 01/28/2056 •  | 30800 | 30823 |
| 6.750% due 10/01/2037  | 92900 | 102057 |
| **Goodman U.S. Finance Five LLC** <br>4.625% due 05/04/2032 | 21100 | 20716 |
| **Goodman U.S. Finance Four LLC** <br>4.500% due 10/15/2037 | 21200 | 19380 |
| **Goodman U.S. Finance Six LLC** <br>5.125% due 10/07/2034 | 10900 | 10873 |
| **Goodman U.S. Finance Three LLC** <br>3.700% due 03/15/2028 | 21450 | 21033 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Great** **-West Lifeco Finance Delaware LP** <br>4.150% due 06/03/2047 | 3200 | 2557 |
| **Guardian Life Insurance Co. of America** <br>4.850% due 01/24/2077 | 7903 | 6572 |
| **HA Sustainable Infrastructure Capital, Inc.**  |  |  |
| 6.375% due 07/01/2034  | 16600 | 16611 |
| 6.750% due 07/15/2035  | 15100 | 15381 |
| **Hanover Insurance Group, Inc.** <br>4.500% due 04/15/2026 | 6600 | 6582 |
| **Hardwood Funding LLC**  |  |  |
| 4.840% due 06/07/2028 «(k)  | 2600 | 2615 |
| 4.980% due 06/07/2030 «(k)  | 1700 | 1717 |
| 5.160% due 06/07/2032 «(k)  | 4200 | 4250 |
| **Hartford Insurance Group, Inc.**  |  |  |
| 3.600% due 08/19/2049  | 600 | 441 |
| 6.713% due 02/12/2047 •  | 3600 | 3354 |
| **Healthpeak OP LLC**  |  |  |
| 5.375% due 02/15/2035  | 15000 | 15147 |
| 6.750% due 02/01/2041  | 3500 | 3860 |
| **High Street Funding Trust** <br>4.682% due 02/15/2048 | 8800 | 7534 |
| **Highwoods Realty LP**  |  |  |
| 2.600% due 02/01/2031  | 2700 | 2337 |
| 4.200% due 04/15/2029  | 2198 | 2138 |
| 7.650% due 02/01/2034  | 2200 | 2489 |
| **Horizon Mutual Holdings, Inc.** <br>6.200% due 11/15/2034 | 18000 | 17729 |
| **Host Hotels & Resorts LP** <br>5.700% due 07/01/2034 | 25 | 25 |
| **HPS Corporate Lending Fund** <br>5.950% due 04/14/2032 | 10000 | 9954 |
| **HSBC Holdings PLC**  |  |  |
| 2.804% due 05/24/2032 •  | 46910 | 41692 |
| 4.583% due 06/19/2029 •  | 3050 | 3055 |
| 5.402% due 08/11/2033 •  | 500 | 513 |
| 5.450% due 03/03/2036 •  | 15900 | 15994 |
| 5.875% due 09/28/2026 •(h)(i)  | 17200 | 23638 |
| 6.500% due 03/23/2028 •(h)(i)(l)  | $17900 | 18059 |
| 6.500% due 09/15/2037  | 18115 | 19232 |
| 6.800% due 06/01/2038  | 4300 | 4665 |
| 7.000% due 04/07/2038  | 1900 | 2767 |
| 7.625% due 05/17/2032  | $11347 | 12492 |
| **Hudson Pacific Properties LP**  |  |  |
| 3.250% due 01/15/2030  | 7600 | 6221 |
| 3.950% due 11/01/2027  | 4100 | 3934 |
| 4.650% due 04/01/2029 (l)  | 7637 | 6868 |
| 5.950% due 02/15/2028  | 2400 | 2342 |
| **ING Groep NV** <br>5.550% due 03/19/2035 •  | 13696 | 14030 |
| **Intercontinental Exchange, Inc.**  |  |  |
| 3.000% due 09/15/2060  | 9146 | 5544 |
| 4.600% due 03/15/2033  | 17886 | 17836 |
| **Intesa Sanpaolo SpA**  |  |  |
| 6.625% due 06/20/2033  | 15000 | 16293 |
| 7.778% due 06/20/2054 •  | 26000 | 29196 |
| 7.800% due 11/28/2053  | 34100 | 39908 |
| **Invitation Homes Operating Partnership LP**  |  |  |
| 2.000% due 08/15/2031  | 3600 | 3067 |
| 2.700% due 01/15/2034  | 7800 | 6450 |
| 4.150% due 04/15/2032  | 14500 | 13735 |
| 4.875% due 02/01/2035  | 2600 | 2520 |
| 5.450% due 08/15/2030  | 4400 | 4559 |
| 5.500% due 08/15/2033  | 2200 | 2235 |
| **JAB Holdings BV**  |  |  |
| 2.200% due 11/23/2030  | 1571 | 1356 |
| 3.750% due 05/28/2051  | 5200 | 3437 |
| 4.500% due 04/08/2052  | 60700 | 46158 |
| **Jefferies Financial Group, Inc.** <br>6.500% due 01/20/2043 | 22200 | 23205 |
| **JPMorgan Chase & Co.**  |  |  |
| 2.545% due 11/08/2032 •  | 12500 | 11008 |
| 2.739% due 10/15/2030 •  | 20175 | 18816 |
| 2.963% due 01/25/2033 •  | 31000 | 27872 |
| 3.509% due 01/23/2029 •  | 12100 | 11854 |
| 3.702% due 05/06/2030 •  | 5000 | 4867 |
| 3.897% due 01/23/2049 •  | 4720 | 3731 |
| 4.005% due 04/23/2029 •  | 12113 | 12009 |
| 4.586% due 04/26/2033 •  | 23000 | 22771 |
| 4.946% due 10/22/2035 •  | 13500 | 13364 |
| 4.995% due 07/22/2030 •  | 7300 | 7435 |
| 5.012% due 01/23/2030 •  | 30500 | 31068 |
| 5.294% due 07/22/2035 •  | 12300 | 12522 |
| 5.336% due 01/23/2035 •  | 15000 | 15360 |
| 5.350% due 06/01/2034 •  | 33100 | 34065 |
| 5.502% due 01/24/2036 •  | 15600 | 16074 |
| 5.534% due 11/29/2045 •  | 40340 | 40457 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.572% due 04/22/2036 •  | 10000 | 10367 |
| 5.581% due 04/22/2030 •  | 5300 | 5504 |
| 5.766% due 04/22/2035 •  | 9460 | 9942 |
| 6.087% due 10/23/2029 •  | 3356 | 3528 |
| 6.254% due 10/23/2034 •  | 11400 | 12395 |
| **JPMorgan Chase Bank NA** <br>5.110% due 12/08/2026 | 10000 | 10130 |
| **KBC Group NV**  |  |  |
| 6.250% due 09/17/2031 •(h)(i)  | 600 | 727 |
| 8.000% due 09/05/2028 •(h)(i)  | 2400 | 3137 |
| **Kilroy Realty LP**  |  |  |
| 2.650% due 11/15/2033  | $15850 | 12459 |
| 3.050% due 02/15/2030  | 1500 | 1358 |
| 4.250% due 08/15/2029 (l)  | 12400 | 11991 |
| 4.750% due 12/15/2028  | 2000 | 1986 |
| 6.250% due 01/15/2036  | 3300 | 3292 |
| **KKR Financial Holdings LLC** <br>5.400% due 05/23/2033 | 15900 | 15318 |
| **KKR Group Finance Co. LLC**  |  |  |
| 3.500% due 08/25/2050  | 43777 | 29991 |
| 3.625% due 02/25/2050  | 26000 | 18320 |
| **Ladder Capital Finance Holdings LLLP** <br>5.500% due 08/01/2030 (b) | 1400 | 1410 |
| **Lazard Group LLC**  |  |  |
| 4.500% due 09/19/2028  | 400 | 399 |
| 6.000% due 03/15/2031  | 4000 | 4202 |
| **Legg Mason, Inc.** <br>5.625% due 01/15/2044 (l) | 18493 | 18346 |
| **Liberty Mutual Group, Inc.**  |  |  |
| 3.950% due 05/15/2060  | 20300 | 13673 |
| 4.300% due 02/01/2061  | 14500 | 8787 |
| **Lloyds Bank PLC** <br>0.000% due 04/02/2032 þ | 10000 | 7259 |
| **Lloyds Banking Group PLC**  |  |  |
| 4.550% due 08/16/2028  | 20200 | 20272 |
| 5.590% due 11/26/2035 •  | 14500 | 14756 |
| 5.679% due 01/05/2035 •(l)  | 11629 | 11942 |
| 8.000% due 09/27/2029 •(h)(i)  | 750 | 793 |
| 8.500% due 09/27/2027 •(h)(i)  | 4600 | 6634 |
| **LPL Holdings, Inc.** <br>5.750% due 06/15/2035 | $19800 | 20040 |
| **LSEGA Financing PLC** <br>3.200% due 04/06/2041 | 2700 | 2070 |
| **M&G PLC** <br>5.560% due 07/20/2055 •  | 1900 | 2453 |
| **Marsh & McLennan Cos., Inc.**  |  |  |
| 4.200% due 03/01/2048  | $4900 | 4033 |
| 4.350% due 01/30/2047  | 4800 | 4068 |
| 4.900% due 03/15/2049  | 5200 | 4703 |
| 5.000% due 03/15/2035  | 10000 | 10002 |
| 5.350% due 11/15/2044  | 20000 | 19681 |
| 5.400% due 03/15/2055  | 34900 | 33662 |
| 5.450% due 03/15/2053  | 10800 | 10511 |
| 5.700% due 09/15/2053 (l)  | 20000 | 20107 |
| **Massachusetts Mutual Life Insurance Co.**  |  |  |
| 3.729% due 10/15/2070  | 11166 | 7396 |
| 4.900% due 04/01/2077  | 4800 | 3955 |
| 5.077% due 02/15/2069 •  | 27500 | 24468 |
| **Meiji Yasuda Life Insurance Co.**  |  |  |
| 5.100% due 04/26/2048 •  | 7100 | 7054 |
| 6.100% due 06/11/2055 •  | 15000 | 15008 |
| **Mercury General Corp.** <br>4.400% due 03/15/2027 | 4495 | 4461 |
| **MetLife, Inc.**  |  |  |
| 6.350% due 03/15/2055 •  | 15100 | 15533 |
| 9.250% due 04/08/2068  | 51066 | 60699 |
| 10.750% due 08/01/2069  | 5132 | 6879 |
| **Mitsubishi UFJ Financial Group, Inc.**  |  |  |
| 2.048% due 07/17/2030  | 13900 | 12350 |
| 2.309% due 07/20/2032 •  | 3000 | 2615 |
| 3.751% due 07/18/2039  | 1200 | 1035 |
| 4.315% due 04/19/2033 •  | 25000 | 24086 |
| 5.133% due 07/20/2033 •  | 17300 | 17523 |
| 5.441% due 02/22/2034 •  | 11600 | 11946 |
| **Mizuho Financial Group, Inc.**  |  |  |
| 1.979% due 09/08/2031 •  | 18400 | 16104 |
| 2.172% due 05/22/2032 •  | 6556 | 5671 |
| 2.201% due 07/10/2031 •  | 9800 | 8730 |
| 5.422% due 05/13/2036 •  | 10000 | 10126 |
| **Morgan Stanley**  |  |  |
| 0.000% due 04/02/2032 þ(k)  | 62100 | 43107 |
| 2.239% due 07/21/2032 •  | 28500 | 24687 |
| 2.943% due 01/21/2033 •  | 5200 | 4642 |
| 3.217% due 04/22/2042 •  | 15200 | 11540 |
| 4.654% due 10/18/2030 •  | 14800 | 14831 |
| 4.889% due 07/20/2033 •  | 2700 | 2704 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.042% due 07/19/2030 •  | 3400 | 3458 |
| 5.250% due 04/21/2034 •  | 6500 | 6615 |
| 5.297% due 04/20/2037 •  | 31519 | 31414 |
| 5.320% due 07/19/2035 •  | 18000 | 18227 |
| 5.424% due 07/21/2034 •  | 11400 | 11682 |
| 5.466% due 01/18/2035 •  | 8373 | 8569 |
| 5.587% due 01/18/2036 •  | 15600 | 16020 |
| 5.656% due 04/18/2030 •  | 1900 | 1974 |
| 5.664% due 04/17/2036 •  | 8000 | 8293 |
| 5.831% due 04/19/2035 •  | 10000 | 10481 |
| 5.948% due 01/19/2038 •  | 4400 | 4528 |
| 6.627% due 11/01/2034 •  | 8255 | 9103 |
| **Mutual of Omaha Cos. Global Funding** <br>5.450% due 12/12/2028 | 3100 | 3189 |
| **Mutual of Omaha Insurance Co.** <br>6.144% due 01/16/2064 •  | 25000 | 24972 |
| **National Health Investors, Inc.** <br>3.000% due 02/01/2031 | 10600 | 9413 |
| **Nationwide Building Society**  |  |  |
| 4.302% due 03/08/2029 •  | 1500 | 1491 |
| 6.557% due 10/18/2027 •  | 10755 | 11029 |
| **Nationwide Financial Services, Inc.** <br>3.900% due 11/30/2049 | 10000 | 7477 |
| **Nationwide Mutual Insurance Co.**  |  |  |
| 4.350% due 04/30/2050  | 2250 | 1735 |
| 9.375% due 08/15/2039  | 32300 | 42660 |
| **NatWest Group PLC**  |  |  |
| 4.600% due 06/28/2031 •(h)(i)(l)  | 19400 | 17080 |
| 5.076% due 01/27/2030 •  | 42350 | 42983 |
| 5.778% due 03/01/2035 •  | 10453 | 10860 |
| 7.300% due 11/19/2034 •(h)(i)  | 10000 | 9956 |
| 8.125% due 11/10/2033 •(h)(i)  | 5000 | 5406 |
| **Neuberger Berman Group LLC**  |  |  |
| 4.500% due 03/15/2027  | 6200 | 6195 |
| 4.875% due 04/15/2045  | 13688 | 11720 |
| **New York Life Insurance Co.**  |  |  |
| 4.450% due 05/15/2069  | 16700 | 13016 |
| 6.750% due 11/15/2039  | 4260 | 4806 |
| **Newmark Group, Inc.** <br>7.500% due 01/12/2029 | 3300 | 3493 |
| **Nippon Life Insurance Co.** <br>2.750% due 01/21/2051 •  | 36900 | 32158 |
| **Nissan Motor Acceptance Co. LLC**  |  |  |
| 2.000% due 03/09/2026  | 39200 | 38244 |
| 2.750% due 03/09/2028  | 9503 | 8682 |
| **NLG Global Funding** <br>5.400% due 01/23/2030 | 6100 | 6283 |
| **Nomura Holdings, Inc.**  |  |  |
| 2.172% due 07/14/2028  | 11600 | 10832 |
| 2.608% due 07/14/2031  | 12400 | 10950 |
| 2.679% due 07/16/2030  | 11200 | 10165 |
| 2.999% due 01/22/2032  | 14100 | 12493 |
| 3.103% due 01/16/2030  | 2200 | 2056 |
| 5.591% due 07/02/2027 ~  | 3800 | 3827 |
| 5.842% due 01/18/2028  | 12400 | 12790 |
| 6.181% due 01/18/2033  | 30000 | 31972 |
| **Nordea Bank Abp** <br>3.750% due 03/01/2029 •(h)(i) | 2500 | 2251 |
| **Norinchukin Bank** <br>5.094% due 10/16/2029 | 2400 | 2436 |
| **Northwestern Mutual Life Insurance Co.**  |  |  |
| 3.450% due 03/30/2051  | 31400 | 21751 |
| 3.625% due 09/30/2059  | 62990 | 42898 |
| 3.850% due 09/30/2047  | 10340 | 7919 |
| 6.063% due 03/30/2040  | 1 | 1 |
| 6.170% due 05/29/2055  | 7000 | 7316 |
| **Old Republic International Corp.** <br>3.850% due 06/11/2051 | 37900 | 26956 |
| **Omega Healthcare Investors, Inc.**  |  |  |
| 3.375% due 02/01/2031  | 500 | 458 |
| 3.625% due 10/01/2029  | 4000 | 3810 |
| 4.750% due 01/15/2028  | 7000 | 7035 |
| 5.250% due 01/15/2026  | 10061 | 10067 |
| **Omnis Funding Trust** <br>6.722% due 05/15/2055 | 10000 | 10370 |
| **OneAmerica Financial Partners, Inc.** <br>4.250% due 10/15/2050 | 5400 | 4161 |
| **Ontario Teachers' Cadillac Fairview Properties Trust** <br>3.875% due 03/20/2027 | 3900 | 3856 |
| **Pacific Life Insurance Co.** <br>9.250% due 06/15/2039 | 63816 | 87047 |
| **Pacific LifeCorp** <br>3.350% due 09/15/2050 | 5700 | 3858 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (e) | 17987 | 12800 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Paychex** **, Inc.**  |  |  |
| 5.350% due 04/15/2032  | 2556 | 2626 |
| 5.600% due 04/15/2035  | 948 | 980 |
| **Penn Mutual Life Insurance Co.**  |  |  |
| 3.800% due 04/29/2061  | 40000 | 26087 |
| 7.625% due 06/15/2040  | 32535 | 37303 |
| **Phillips Edison Grocery Center Operating Partnership LP**  |  |  |
| 5.250% due 08/15/2032  | 2900 | 2929 |
| 5.750% due 07/15/2034  | 5300 | 5455 |
| **Pine Street Trust** <br>5.568% due 02/15/2049 | 23800 | 21760 |
| **Pinnacol Assurance** <br>8.625% due 06/25/2034 «(k) | 24000 | 26408 |
| **Popular, Inc.** <br>7.250% due 03/13/2028 | 14700 | 15629 |
| **Progressive Corp.**  |  |  |
| 3.700% due 03/15/2052  | 4500 | 3360 |
| 4.125% due 04/15/2047  | 1700 | 1400 |
| **Prologis LP**  |  |  |
| 5.000% due 03/15/2034  | 1400 | 1404 |
| 5.000% due 01/31/2035  | 500 | 500 |
| 5.250% due 03/15/2054  | 781 | 734 |
| **Prologis Targeted U.S. Logistics Fund LP** <br>5.250% due 01/15/2035 | 3500 | 3518 |
| **Protective Life Global Funding**  |  |  |
| 5.432% due 01/14/2032  | 20000 | 20670 |
| 5.467% due 12/08/2028  | 2000 | 2070 |
| **Rayonier LP** <br>2.750% due 05/17/2031 | 7500 | 6637 |
| **Realty Income Corp.**  |  |  |
| 2.700% due 02/15/2032  | 11400 | 10056 |
| 3.200% due 02/15/2031  | 6700 | 6228 |
| 3.400% due 01/15/2028  | 1265 | 1242 |
| 3.400% due 01/15/2030  | 1725 | 1652 |
| 3.950% due 08/15/2027  | 3316 | 3299 |
| 4.450% due 09/15/2026  | 2350 | 2352 |
| **Regency Centers LP**  |  |  |
| 4.125% due 03/15/2028  | 1100 | 1097 |
| 4.400% due 02/01/2047  | 4200 | 3510 |
| 4.650% due 03/15/2049  | 1500 | 1303 |
| **Rexford Industrial Realty LP** <br>2.125% due 12/01/2030 | 11800 | 10271 |
| **RGA Global Funding**  |  |  |
| 5.250% due 01/09/2030  | 6900 | 7084 |
| 5.500% due 01/11/2031  | 4500 | 4645 |
| 6.000% due 11/21/2028  | 3000 | 3149 |
| **Sabra Health Care LP**  |  |  |
| 3.200% due 12/01/2031  | 7659 | 6829 |
| 3.900% due 10/15/2029  | 3368 | 3207 |
| 5.125% due 08/15/2026  | 1600 | 1601 |
| **Sammons Financial Group, Inc.**  |  |  |
| 3.350% due 04/16/2031  | 18300 | 16812 |
| 6.875% due 04/15/2034  | 8000 | 8585 |
| **Santander Holdings USA, Inc.**  |  |  |
| 4.400% due 07/13/2027  | 3080 | 3076 |
| 5.473% due 03/20/2029 •  | 4100 | 4170 |
| 5.741% due 03/20/2031 •  | 3200 | 3286 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 2.896% due 03/15/2032 •  | 17160 | 15324 |
| 3.823% due 11/03/2028 •  | 47925 | 46979 |
| 4.858% due 09/11/2030 •  | 5680 | 5675 |
| 5.694% due 04/15/2031 •  | 8900 | 9183 |
| **SBA Tower Trust** <br>2.328% due 07/15/2052 | 10300 | 9744 |
| **Selective Insurance Group, Inc.**  |  |  |
| 5.375% due 03/01/2049  | 8800 | 7912 |
| 5.900% due 04/15/2035  | 600 | 614 |
| **Sixth Street Lending Partners** <br>5.750% due 01/15/2030 | 11300 | 11333 |
| **SMBC Aviation Capital Finance DAC** <br>2.300% due 06/15/2028 | 4200 | 3937 |
| **Societe Generale SA** <br>6.221% due 06/15/2033 •(l) | 10500 | 10848 |
| **Standard Chartered PLC**  |  |  |
| 3.265% due 02/18/2036 •  | 15500 | 13988 |
| 3.603% due 01/12/2033 •  | 3200 | 2908 |
| **Stifel Financial Corp.** <br>4.000% due 05/15/2030 | 5600 | 5386 |
| **Store Capital LLC**  |  |  |
| 2.750% due 11/18/2030  | 1900 | 1678 |
| 5.400% due 04/30/2030  | 5000 | 5068 |
| **Sumitomo Life Insurance Co.** <br>3.375% due 04/15/2081 •  | 16300 | 14710 |
| **Sumitomo Mitsui Financial Group, Inc.**  |  |  |
| 2.130% due 07/08/2030  | 37100 | 33163 |
| 3.040% due 07/16/2029  | 7000 | 6637 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.424% due 07/09/2031  | 34930 | 36262 |
| 5.558% due 07/09/2034  | 20100 | 20764 |
| 5.710% due 01/13/2030  | 14600 | 15323 |
| 5.808% due 09/14/2033 (l)  | 6800 | 7219 |
| **Sun Communities Operating LP** <br>2.700% due 07/15/2031 | 6800 | 6030 |
| **Svenska Handelsbanken AB** <br>4.750% due 03/01/2031 •(h)(i)(l) | 6000 | 5524 |
| **Teachers Insurance & Annuity Association of America**  |  |  |
| 3.300% due 05/15/2050  | 30000 | 20118 |
| 4.270% due 05/15/2047  | 11300 | 9213 |
| 4.900% due 09/15/2044  | 18400 | 16559 |
| 6.850% due 12/16/2039  | 5129 | 5790 |
| **Tesco Property Finance PLC** <br>6.052% due 10/13/2039 | 279 | 394 |
| **Thames SSNM** <br>9.750% due 10/10/2027 « | 1010 | 1296 |
| **Toronto-Dominion Bank** <br>8.125% due 10/31/2082 •(i) | $20000 | 20938 |
| **Transatlantic Holdings, Inc.** <br>8.000% due 11/30/2039 | 7933 | 9974 |
| **Travelers Cos., Inc.** <br>4.050% due 03/07/2048 | 4000 | 3202 |
| **Truist Financial Corp.** <br>6.123% due 10/28/2033 •  | 12000 | 12759 |
| **Trust Fibra Uno**  |  |  |
| 6.390% due 01/15/2050  | 23500 | 19648 |
| 6.950% due 01/30/2044  | 25270 | 22497 |
| 7.375% due 02/13/2034  | 2900 | 2955 |
| **Trustage Financial Group, Inc.** <br>4.625% due 04/15/2032 | 54700 | 51857 |
| **UBS AG** <br>7.500% due 02/15/2028 | 34800 | 37550 |
| **UBS Group AG**  |  |  |
| 2.746% due 02/11/2033 •  | 10900 | 9513 |
| 3.091% due 05/14/2032 •  | 57529 | 52238 |
| 3.179% due 02/11/2043 •  | 1100 | 807 |
| 3.869% due 01/12/2029 •  | 6450 | 6352 |
| 4.125% due 09/24/2025  | 400 | 399 |
| 4.125% due 04/15/2026  | 34600 | 34507 |
| 4.194% due 04/01/2031 •  | 2250 | 2204 |
| 4.282% due 01/09/2028  | 13400 | 13344 |
| 4.550% due 04/17/2026  | 13000 | 13004 |
| 4.875% due 02/12/2027 •(h)(i)  | 7400 | 7216 |
| 4.988% due 08/05/2033 •  | 5000 | 4986 |
| 5.379% due 09/06/2045 •  | 15000 | 14470 |
| 5.617% due 09/13/2030 •  | 1200 | 1246 |
| 5.699% due 02/08/2035 •  | 11400 | 11846 |
| 5.959% due 01/12/2034 •  | 40000 | 42124 |
| 6.301% due 09/22/2034 •  | 12900 | 13859 |
| 6.537% due 08/12/2033 •  | 38750 | 42162 |
| 6.850% due 09/10/2029 •(h)(i)  | 8500 | 8559 |
| 7.000% due 02/10/2030 •(h)(i)  | 17000 | 16954 |
| 7.125% due 08/10/2034 •(h)(i)  | 7700 | 7688 |
| 9.250% due 11/13/2028 •(h)(i)  | 19900 | 21770 |
| 9.250% due 11/13/2033 •(h)(i)  | 7000 | 8112 |
| **UDR, Inc.** <br>3.500% due 07/01/2027 | 3323 | 3278 |
| **Unum Group**  |  |  |
| 4.046% due 08/15/2041  | 15000 | 11996 |
| 6.000% due 06/15/2054  | 3800 | 3753 |
| **VICI Properties LP**  |  |  |
| 4.125% due 08/15/2030  | 4633 | 4449 |
| 4.750% due 04/01/2028  | 1200 | 1210 |
| 5.125% due 11/15/2031  | 3200 | 3206 |
| 5.125% due 05/15/2032  | 11100 | 11066 |
| 5.625% due 04/01/2035  | 11500 | 11610 |
| 5.625% due 05/15/2052  | 24400 | 22557 |
| 5.750% due 04/01/2034  | 2400 | 2455 |
| 6.125% due 04/01/2054  | 4000 | 3937 |
| **Voya Financial, Inc.**  |  |  |
| 4.700% due 01/23/2048 •  | 6800 | 6529 |
| 5.000% due 09/20/2034  | 5200 | 5085 |
| **W.R. Berkley Corp.** <br>4.000% due 05/12/2050 | 4900 | 3744 |
| **Wells Fargo & Co.**  |  |  |
| 2.393% due 06/02/2028 •  | 9300 | 8964 |
| 2.572% due 02/11/2031 •  | 16817 | 15410 |
| 2.879% due 10/30/2030 •  | 30900 | 28878 |
| 3.000% due 04/22/2026  | 2000 | 1978 |
| 3.584% due 05/22/2028 •  | 21300 | 20980 |
| 4.611% due 04/25/2053 •  | 64700 | 55178 |
| 5.211% due 12/03/2035 •  | 47750 | 47953 |
| 5.420% due 04/22/2028 ~  | 13700 | 13797 |
| 5.557% due 07/25/2034 •  | 63737 | 65802 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Wells** **Fargo Bank NA**  |  |  |
| 5.850% due 02/01/2037  | 5901 | 6124 |
| 5.950% due 08/26/2036  | 800 | 838 |
| 6.600% due 01/15/2038  | 22877 | 25333 |
| **Welltower OP LLC**  |  |  |
| 4.500% due 07/01/2030  | 11500 | 11559 |
| 5.125% due 07/01/2035  | 11700 | 11750 |
| 6.500% due 03/15/2041  | 29850 | 32946 |
| **Weyerhaeuser Co.**  |  |  |
| 6.875% due 12/15/2033  | 14477 | 16007 |
| 6.950% due 10/01/2027  | 4500 | 4736 |
| 7.375% due 03/15/2032  | 39647 | 44789 |
| **Willis North America, Inc.**  |  |  |
| 3.875% due 09/15/2049  | 13550 | 10014 |
| 5.350% due 05/15/2033  | 3944 | 4046 |
|  |  | 7461816 |
| **INDUSTRIALS 32.4%**  |  |  |
| **7-Eleven, Inc.** <br>2.800% due 02/10/2051 | 15352 | 9105 |
| **AbbVie, Inc.**  |  |  |
| 4.250% due 11/21/2049  | 8499 | 7006 |
| 4.300% due 05/14/2036  | 20236 | 19094 |
| 4.400% due 11/06/2042  | 40050 | 35235 |
| 4.450% due 05/14/2046  | 33700 | 29030 |
| 4.500% due 05/14/2035  | 20877 | 20180 |
| 4.550% due 03/15/2035  | 1697 | 1648 |
| 4.700% due 05/14/2045  | 12000 | 10765 |
| 4.850% due 06/15/2044  | 36900 | 34001 |
| 5.200% due 03/15/2035  | 10900 | 11141 |
| 5.400% due 03/15/2054  | 6800 | 6617 |
| 5.500% due 03/15/2064  | 6800 | 6600 |
| 5.600% due 03/15/2055  | 14000 | 14018 |
| **Abu Dhabi Crude Oil Pipeline LLC** <br>4.600% due 11/02/2047 | 7900 | 7073 |
| **Adani Electricity Mumbai Ltd.** <br>3.949% due 02/12/2030 | 4185 | 3753 |
| **Adnoc Murban Rsc Ltd.** <br>5.125% due 09/11/2054 | 17500 | 15983 |
| **Advocate Health & Hospitals Corp.** <br>2.211% due 06/15/2030 | 11150 | 10092 |
| **AEP Transmission Co. LLC**  |  |  |
| 2.750% due 08/15/2051  | 5402 | 3315 |
| 3.150% due 09/15/2049  | 6000 | 4027 |
| 3.650% due 04/01/2050  | 2700 | 1986 |
| 4.250% due 09/15/2048  | 1474 | 1182 |
| 5.400% due 03/15/2053  | 11300 | 10901 |
| **Aeroporti di Roma SpA** <br>1.750% due 07/30/2031 | 4600 | 4975 |
| **Aetna, Inc.** <br>4.750% due 03/15/2044 | $50 | 43 |
| **Air Canada Pass-Through Trust** <br>5.250% due 10/01/2030 | 4529 | 4577 |
| **Aker BP ASA** <br>5.800% due 10/01/2054 | 9900 | 9035 |
| **Alaska Airlines Pass-Through Trust** <br>4.800% due 02/15/2029 (l) | 12816 | 12837 |
| **Alcon Finance Corp.** <br>3.000% due 09/23/2029 | 500 | 471 |
| **Alphabet, Inc.**  |  |  |
| 5.250% due 05/15/2055  | 4700 | 4632 |
| 5.300% due 05/15/2065  | 5000 | 4900 |
| **Amazon.com, Inc.**  |  |  |
| 2.700% due 06/03/2060  | 2769 | 1592 |
| 3.100% due 05/12/2051  | 18352 | 12383 |
| 3.250% due 05/12/2061  | 40500 | 26378 |
| 4.100% due 04/13/2062  | 10000 | 7848 |
| 4.250% due 08/22/2057  | 19550 | 16018 |
| **American Airlines Pass-Through Trust**  |  |  |
| 2.875% due 01/11/2036  | 18358 | 16211 |
| 3.000% due 04/15/2030  | 419 | 397 |
| 3.150% due 08/15/2033  | 6300 | 5799 |
| 3.200% due 12/15/2029  | 5266 | 5054 |
| 3.350% due 04/15/2031  | 3106 | 2960 |
| 3.375% due 11/01/2028  | 5195 | 5067 |
| 3.500% due 08/15/2033  | 2842 | 2574 |
| 3.575% due 07/15/2029  | 5897 | 5719 |
| 3.600% due 03/22/2029  | 5815 | 5663 |
| 3.600% due 04/15/2031  | 2395 | 2214 |
| 3.650% due 02/15/2029  | 1968 | 1906 |
| 3.700% due 04/01/2028  | 5043 | 4956 |
| **American Medical Systems Europe BV**  |  |  |
| 3.000% due 03/08/2031  | 5600 | 6591 |
| 3.250% due 03/08/2034  | 5600 | 6521 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Amgen** **, Inc.**  |  |  |
| 2.800% due 08/15/2041  | $3700 | 2681 |
| 3.375% due 02/21/2050  | 4690 | 3302 |
| 4.663% due 06/15/2051  | 144713 | 124005 |
| 4.950% due 10/01/2041  | 4650 | 4274 |
| 5.250% due 03/02/2033 (l)  | 27706 | 28381 |
| 5.600% due 03/02/2043  | 7511 | 7456 |
| 5.650% due 03/02/2053  | 41914 | 40953 |
| 5.750% due 03/02/2063  | 35790 | 34821 |
| **Amrize Finance U.S. LLC** <br>4.750% due 09/22/2046 | 2400 | 2039 |
| **AngloGold Ashanti Holdings PLC** <br>3.375% due 11/01/2028 | 9100 | 8691 |
| **Anheuser-Busch Cos. LLC**  |  |  |
| 4.700% due 02/01/2036  | 83970 | 81970 |
| 4.900% due 02/01/2046  | 105682 | 96950 |
| **Anheuser-Busch InBev Finance, Inc.** <br>4.900% due 02/01/2046 | 320 | 292 |
| **Anheuser-Busch InBev Worldwide, Inc.**  |  |  |
| 4.950% due 01/15/2042  | 2250 | 2124 |
| 5.450% due 01/23/2039  | 3150 | 3206 |
| 5.800% due 01/23/2059  | 26901 | 27576 |
| **Apple, Inc.**  |  |  |
| 2.800% due 02/08/2061  | 7100 | 4202 |
| 2.850% due 08/05/2061  | 8400 | 5039 |
| 2.950% due 09/11/2049  | 20600 | 13838 |
| 3.750% due 09/12/2047  | 21600 | 17057 |
| 3.850% due 08/04/2046  | 53395 | 43252 |
| 4.850% due 05/10/2053 (l)  | 8000 | 7634 |
| **Aptiv Swiss Holdings Ltd.** <br>5.400% due 03/15/2049 | 10000 | 8598 |
| **Arrow Electronics, Inc.** <br>2.950% due 02/15/2032 | 600 | 527 |
| **Ashtead Capital, Inc.** <br>5.800% due 04/15/2034 | 14400 | 14745 |
| **Astrazeneca Finance LLC** <br>5.000% due 02/26/2034 | 21311 | 21734 |
| **AstraZeneca PLC** <br>4.375% due 11/16/2045 | 1400 | 1219 |
| **Bacardi Ltd.**  |  |  |
| 5.150% due 05/15/2038  | 22540 | 20857 |
| 5.300% due 05/15/2048  | 21150 | 18659 |
| **BAE Systems PLC** <br>3.000% due 09/15/2050 | 5300 | 3460 |
| **Baptist Healthcare System Obligated Group** <br>3.540% due 08/15/2050 | 15000 | 10291 |
| **Barrick North America Finance LLC** <br>5.700% due 05/30/2041 | 4768 | 4793 |
| **Bayer U.S. Finance LLC**  |  |  |
| 4.200% due 07/15/2034  | 14484 | 13139 |
| 4.375% due 12/15/2028  | 5700 | 5648 |
| 4.400% due 07/15/2044  | 4000 | 3125 |
| 4.625% due 06/25/2038  | 2400 | 2124 |
| 4.875% due 06/25/2048  | 24000 | 19688 |
| 6.250% due 01/21/2029  | 400 | 420 |
| 6.375% due 11/21/2030  | 6400 | 6803 |
| 6.500% due 11/21/2033  | 21900 | 23492 |
| 6.875% due 11/21/2053 (l)  | 12600 | 13390 |
| **Becton Dickinson & Co.**  |  |  |
| 3.794% due 05/20/2050  | 17200 | 12825 |
| 5.110% due 02/08/2034  | 6646 | 6665 |
| **Becton Dickinson Euro Finance SARL** <br>4.029% due 06/07/2036 | 6200 | 7433 |
| **Beth Israel Lahey Health, Inc.** <br>3.080% due 07/01/2051 | $14000 | 8658 |
| **BHP Billiton Finance USA Ltd.**  |  |  |
| 5.000% due 02/21/2030  | 1320 | 1353 |
| 5.250% due 09/08/2033  | 1500 | 1537 |
| **Bio-Rad Laboratories, Inc.** <br>3.700% due 03/15/2032 | 5527 | 5085 |
| **Biogen, Inc.** <br>3.250% due 02/15/2051 | 7181 | 4588 |
| **BMW U.S. Capital LLC**  |  |  |
| 5.050% due 03/21/2030  | 5300 | 5399 |
| 5.185% due 03/19/2027 ~  | 3300 | 3303 |
| 5.326% due 03/21/2028 ~  | 6000 | 5986 |
| **Boeing Co.**  |  |  |
| 3.250% due 02/01/2035  | 2255 | 1901 |
| 3.600% due 05/01/2034  | 8470 | 7469 |
| 3.625% due 02/01/2031  | 1700 | 1602 |
| 3.650% due 03/01/2047  | 1945 | 1360 |
| 3.750% due 02/01/2050  | 3200 | 2262 |
| 3.825% due 03/01/2059  | 4515 | 3049 |
| 3.950% due 08/01/2059  | 9500 | 6501 |
| 5.040% due 05/01/2027  | 8000 | 8063 |
| 5.705% due 05/01/2040  | 63800 | 63074 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.805% due 05/01/2050  | 115490 | 110862 |
| 5.930% due 05/01/2060  | 107500 | 102280 |
| 6.259% due 05/01/2027  | 3600 | 3705 |
| 6.528% due 05/01/2034  | 14500 | 15764 |
| 6.858% due 05/01/2054  | 460 | 504 |
| 7.008% due 05/01/2064  | 2000 | 2199 |
| **Booz Allen Hamilton, Inc.**  |  |  |
| 5.950% due 08/04/2033  | 5900 | 6064 |
| 5.950% due 04/15/2035  | 5200 | 5290 |
| **Boston Scientific Corp.**  |  |  |
| 6.500% due 11/15/2035  | 43837 | 49191 |
| 7.375% due 01/15/2040  | 42000 | 50955 |
| **BP Capital Markets America, Inc.** <br>4.893% due 09/11/2033 | 57779 | 57941 |
| **Bristol-Myers Squibb Co.**  |  |  |
| 3.700% due 03/15/2052  | 8400 | 6125 |
| 4.250% due 10/26/2049  | 9728 | 7893 |
| 4.350% due 11/15/2047  | 2884 | 2403 |
| 5.550% due 02/22/2054  | 11500 | 11227 |
| 5.650% due 02/22/2064  | 28925 | 28109 |
| **British Airways Pass-Through Trust**  |  |  |
| 3.300% due 06/15/2034  | 17224 | 16039 |
| 3.350% due 12/15/2030  | 1120 | 1072 |
| 4.250% due 05/15/2034  | 2575 | 2476 |
| **Broadcom, Inc.**  |  |  |
| 2.600% due 02/15/2033  | 42501 | 36367 |
| 3.137% due 11/15/2035  | 57112 | 48193 |
| 3.419% due 04/15/2033  | 23395 | 21225 |
| 3.469% due 04/15/2034  | 52213 | 46661 |
| 3.500% due 02/15/2041  | 22400 | 17764 |
| 4.150% due 11/15/2030  | 918 | 904 |
| 4.150% due 04/15/2032  | 44100 | 42520 |
| 4.300% due 11/15/2032  | 21250 | 20620 |
| 5.150% due 11/15/2031  | 1600 | 1647 |
| 5.200% due 04/15/2032  | 10000 | 10288 |
| **Burlington Northern Santa Fe LLC**  |  |  |
| 4.450% due 03/15/2043  | 27000 | 23820 |
| 4.450% due 01/15/2053  | 4909 | 4149 |
| 5.200% due 04/15/2054  | 47583 | 45087 |
| 5.500% due 03/15/2055  | 16700 | 16556 |
| **Cameron LNG LLC**  |  |  |
| 3.402% due 01/15/2038  | 26700 | 22816 |
| 3.701% due 01/15/2039  | 1430 | 1224 |
| **Canadian Pacific Railway Co.**  |  |  |
| 3.000% due 12/02/2041  | 12500 | 9097 |
| 4.300% due 05/15/2043  | 5000 | 4306 |
| 4.700% due 05/01/2048  | 17700 | 15653 |
| 4.950% due 08/15/2045  | 24795 | 22610 |
| 6.125% due 12/31/2099  | 51558 | 52593 |
| **CDW LLC**  |  |  |
| 3.569% due 12/01/2031  | 11800 | 10869 |
| 5.550% due 08/22/2034  | 16600 | 16575 |
| **Centene Corp.**  |  |  |
| 2.450% due 07/15/2028  | 25913 | 24081 |
| 2.500% due 03/01/2031  | 4178 | 3600 |
| 2.625% due 08/01/2031  | 1487 | 1275 |
| 3.000% due 10/15/2030  | 165 | 148 |
| 3.375% due 02/15/2030  | 1238 | 1141 |
| 4.625% due 12/15/2029  | 3300 | 3212 |
| **CF Industries, Inc.** <br>5.150% due 03/15/2034 | 20966 | 20894 |
| **Charter Communications Operating LLC**  |  |  |
| 3.500% due 06/01/2041  | 15877 | 11526 |
| 3.500% due 03/01/2042  | 13700 | 9775 |
| 3.700% due 04/01/2051  | 7000 | 4666 |
| 3.850% due 04/01/2061  | 94400 | 60532 |
| 3.900% due 06/01/2052  | 22775 | 15644 |
| 4.400% due 12/01/2061  | 65700 | 46105 |
| 4.800% due 03/01/2050  | 37000 | 29625 |
| 5.050% due 03/30/2029  | 8 | 8 |
| 5.125% due 07/01/2049  | 39500 | 32868 |
| 5.250% due 04/01/2053 (l)  | 24971 | 21229 |
| 6.484% due 10/23/2045  | 19 | 19 |
| **Cheniere Corpus Christi Holdings LLC**  |  |  |
| 2.742% due 12/31/2039  | 21010 | 17110 |
| 3.700% due 11/15/2029  | 5000 | 4825 |
| **Cheniere Energy Partners LP**  |  |  |
| 5.550% due 10/30/2035 (b)  | 13600 | 13712 |
| 5.750% due 08/15/2034  | 17855 | 18346 |
| 5.950% due 06/30/2033  | 15570 | 16260 |
| **Cheniere Energy, Inc.** <br>5.650% due 04/15/2034 | 8400 | 8607 |
| **Cisco Systems, Inc.** <br>5.350% due 02/26/2064 | 300 | 290 |
| **Coca-Cola Co.**  |  |  |
| 2.500% due 03/15/2051  | 19600 | 11779 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 2.600% due 06/01/2050  | 427 | 263 |
| 2.750% due 06/01/2060  | 7500 | 4473 |
| 5.300% due 05/13/2054  | 400 | 389 |
| 5.400% due 05/13/2064  | 975 | 952 |
| **Colorado Interstate Gas Co. LLC** <br>6.850% due 06/15/2037 | 10900 | 11654 |
| **Comcast Corp.**  |  |  |
| 2.650% due 08/15/2062  | 18400 | 9627 |
| 2.800% due 01/15/2051  | 250 | 150 |
| 2.887% due 11/01/2051  | 1879 | 1145 |
| 2.937% due 11/01/2056  | 126148 | 74134 |
| 3.200% due 07/15/2036  | 1027 | 860 |
| 3.250% due 11/01/2039  | 200 | 157 |
| 3.450% due 02/01/2050  | 20000 | 13725 |
| 3.969% due 11/01/2047  | 34422 | 26563 |
| 3.999% due 11/01/2049  | 98621 | 75022 |
| 4.000% due 03/01/2048  | 12260 | 9475 |
| 5.500% due 05/15/2064  | 169 | 158 |
| **CommonSpirit Health**  |  |  |
| 3.347% due 10/01/2029  | 10000 | 9569 |
| 4.187% due 10/01/2049  | 2100 | 1623 |
| **ConocoPhillips Co.** <br>5.650% due 01/15/2065 | 2700 | 2572 |
| **Constellation Brands, Inc.**  |  |  |
| 4.100% due 02/15/2048  | 12200 | 9502 |
| 4.500% due 05/09/2047  | 8100 | 6758 |
| 4.750% due 05/09/2032  | 2761 | 2745 |
| **Constellation Pharmaceutical, Inc.** <br>5.550% due 07/01/2033 «(k) | 9909 | 10061 |
| **Corning, Inc.** <br>5.450% due 11/15/2079 | 5155 | 4737 |
| **Cox Communications, Inc.**  |  |  |
| 4.500% due 06/30/2043  | 21841 | 17352 |
| 4.700% due 12/15/2042  | 4070 | 3280 |
| 4.800% due 02/01/2035  | 13000 | 12161 |
| 5.800% due 12/15/2053  | 19854 | 18073 |
| **CSL Finance PLC**  |  |  |
| 4.750% due 04/27/2052  | 12170 | 10449 |
| 4.950% due 04/27/2062  | 9200 | 7870 |
| **CVS Health Corp.**  |  |  |
| 3.750% due 04/01/2030  | 4900 | 4702 |
| 4.125% due 04/01/2040  | 4543 | 3808 |
| 5.050% due 03/25/2048  | 32000 | 27658 |
| 5.125% due 07/20/2045  | 2275 | 2016 |
| 5.250% due 02/21/2033  | 3000 | 3021 |
| 5.300% due 12/05/2043  | 7100 | 6452 |
| 5.625% due 02/21/2053  | 18200 | 16847 |
| 5.875% due 06/01/2053  | 4600 | 4398 |
| 6.000% due 06/01/2063  | 2200 | 2105 |
| **CVS Pass-Through Trust**  |  |  |
| 4.163% due 08/11/2036  | 6940 | 6422 |
| 5.773% due 01/10/2033  | 802 | 808 |
| 5.880% due 01/10/2028  | 1184 | 1200 |
| 5.926% due 01/10/2034  | 19455 | 19657 |
| 6.036% due 12/10/2028  | 626 | 635 |
| 6.943% due 01/10/2030  | 15456 | 15958 |
| 7.507% due 01/10/2032  | 46490 | 48699 |
| 8.353% due 07/10/2031  | 8602 | 9336 |
| **Daimler Truck Finance North America LLC**  |  |  |
| 2.375% due 12/14/2028  | 7000 | 6535 |
| 2.500% due 12/14/2031  | 4204 | 3650 |
| **DCP Midstream Operating LP** <br>3.250% due 02/15/2032 | 5612 | 4963 |
| **Dell International LLC**  |  |  |
| 3.450% due 12/15/2051  | 6952 | 4769 |
| 4.900% due 10/01/2026  | 13398 | 13461 |
| 5.300% due 10/01/2029  | 10602 | 10914 |
| 6.020% due 06/15/2026  | 23645 | 23873 |
| 8.100% due 07/15/2036  | 129 | 156 |
| **Delta Air Lines, Inc.**  |  |  |
| 3.750% due 10/28/2029  | 30563 | 29226 |
| 4.750% due 10/20/2028  | 2150 | 2156 |
| 7.375% due 01/15/2026  | 35442 | 35962 |
| **Deutsche Telekom International Finance BV** <br>8.750% due 06/15/2030 | 295 | 348 |
| **Devon Energy Corp.**  |  |  |
| 5.750% due 09/15/2054  | 2000 | 1802 |
| 7.950% due 04/15/2032  | 5535 | 6363 |
| **Diamondback Energy, Inc.**  |  |  |
| 4.250% due 03/15/2052  | 7100 | 5349 |
| 5.550% due 04/01/2035  | 9065 | 9168 |
| 5.750% due 04/18/2054  | 13100 | 12173 |
| 5.900% due 04/18/2064  | 4000 | 3706 |
| **DT Midstream, Inc.**  |  |  |
| 4.300% due 04/15/2032  | 17400 | 16293 |
| 5.800% due 12/15/2034  | 5984 | 6099 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Eastern** **Energy Gas Holdings LLC**  |  |  |
| 5.650% due 10/15/2054  | 7200 | 6891 |
| 6.200% due 01/15/2055  | 5000 | 5175 |
| **Eastern Gas Transmission & Storage, Inc.**  |  |  |
| 4.600% due 12/15/2044  | 4115 | 3461 |
| 4.800% due 11/01/2043  | 800 | 695 |
| **Ecopetrol SA** <br>7.375% due 09/18/2043 (l) | 25700 | 21429 |
| **El Paso Natural Gas Co. LLC**  |  |  |
| 3.500% due 02/15/2032  | 9802 | 8837 |
| 8.375% due 06/15/2032  | 25670 | 30187 |
| **Elevance Health, Inc.**  |  |  |
| 3.600% due 03/15/2051  | 1350 | 951 |
| 3.700% due 09/15/2049  | 5640 | 4053 |
| 4.375% due 12/01/2047  | 30200 | 24705 |
| 4.550% due 03/01/2048  | 7500 | 6264 |
| 4.550% due 05/15/2052  | 12100 | 9904 |
| 4.625% due 05/15/2042  | 7700 | 6759 |
| 5.100% due 01/15/2044  | 13244 | 12237 |
| 5.125% due 02/15/2053  | 2000 | 1788 |
| 5.200% due 02/15/2035  | 7700 | 7784 |
| 5.650% due 06/15/2054  | 2500 | 2405 |
| 5.700% due 02/15/2055  | 7400 | 7176 |
| 5.850% due 11/01/2064  | 10000 | 9718 |
| 6.100% due 10/15/2052  | 1900 | 1938 |
| **Eli Lilly & Co.**  |  |  |
| 4.600% due 08/14/2034  | 776 | 769 |
| 5.050% due 08/14/2054  | 49500 | 46502 |
| 5.200% due 08/14/2064  | 4370 | 4141 |
| **Embotelladora Andina SA** <br>3.950% due 01/21/2050 | 3600 | 2713 |
| **Enbridge Energy Partners LP**  |  |  |
| 5.500% due 09/15/2040  | 3000 | 2895 |
| 7.375% due 10/15/2045  | 19892 | 22817 |
| **Enbridge, Inc.**  |  |  |
| 2.500% due 08/01/2033  | 19815 | 16474 |
| 3.400% due 08/01/2051  | 29500 | 19518 |
| 4.500% due 06/10/2044  | 10948 | 8983 |
| 5.625% due 04/05/2034  | 6930 | 7123 |
| 5.700% due 03/08/2033 (l)  | 35700 | 37030 |
| 5.950% due 04/05/2054  | 4100 | 4061 |
| 6.700% due 11/15/2053  | 20000 | 21653 |
| **Energy Transfer LP**  |  |  |
| 4.900% due 03/15/2035  | 14773 | 14138 |
| 4.950% due 01/15/2043  | 27800 | 23792 |
| 5.000% due 05/15/2044  | 44517 | 38555 |
| 5.000% due 05/15/2050  | 5300 | 4434 |
| 5.150% due 02/01/2043  | 26785 | 23466 |
| 5.150% due 03/15/2045  | 42386 | 37391 |
| 5.300% due 04/01/2044  | 12314 | 11042 |
| 5.300% due 04/15/2047  | 22750 | 20086 |
| 5.350% due 05/15/2045  | 20088 | 18109 |
| 5.400% due 10/01/2047  | 5038 | 4491 |
| 5.550% due 05/15/2034  | 5600 | 5672 |
| 5.950% due 05/15/2054  | 12300 | 11711 |
| 6.000% due 06/15/2048  | 600 | 577 |
| 6.050% due 09/01/2054  | 7000 | 6734 |
| 6.125% due 12/15/2045  | 23548 | 23152 |
| 6.200% due 04/01/2055  | 9200 | 9064 |
| **Eni SpA**  |  |  |
| 5.500% due 05/15/2034  | 3200 | 3226 |
| 5.950% due 05/15/2054  | 17900 | 17336 |
| **Entergy Louisiana LLC**  |  |  |
| 2.900% due 03/15/2051  | 8400 | 5211 |
| 3.100% due 06/15/2041  | 14600 | 10738 |
| 4.200% due 09/01/2048  | 1410 | 1125 |
| 4.750% due 09/15/2052  | 15800 | 13689 |
| 5.000% due 07/15/2044  | 4300 | 3799 |
| 5.150% due 09/15/2034  | 4175 | 4202 |
| 5.700% due 03/15/2054  | 4500 | 4447 |
| **Enterprise Products Operating LLC**  |  |  |
| 4.200% due 01/31/2050  | 9643 | 7650 |
| 4.450% due 02/15/2043  | 77745 | 67357 |
| 4.800% due 02/01/2049  | 3575 | 3123 |
| 4.850% due 08/15/2042  | 11300 | 10345 |
| 4.850% due 03/15/2044  | 32362 | 29185 |
| 4.950% due 02/15/2035  | 1650 | 1645 |
| 5.100% due 02/15/2045  | 31665 | 29453 |
| 5.200% due 01/15/2036  | 11200 | 11282 |
| 5.550% due 02/16/2055  | 7350 | 7098 |
| 5.750% due 03/01/2035  | 13761 | 14519 |
| 7.573% due 08/16/2077 ~  | 8000 | 7966 |
| **Equinor ASA** <br>3.250% due 11/18/2049 | 5000 | 3499 |
| **Essent Group Ltd.** <br>6.250% due 07/01/2029 | 2600 | 2694 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Essential** **Utilities, Inc.** <br>5.300% due 05/01/2052 | 2133 | 1944 |
| **Expand Energy Corp.**  |  |  |
| 4.750% due 02/01/2032  | 1795 | 1747 |
| 5.700% due 01/15/2035  | 5029 | 5105 |
| **FactSet Research Systems, Inc.** <br>3.450% due 03/01/2032 | 5000 | 4561 |
| **FedEx Corp.** <br>5.100% due 01/15/2044 | 10877 | 9586 |
| **Ferguson Enterprises, Inc.** <br>5.000% due 10/03/2034 | 2800 | 2781 |
| **FirstEnergy Pennsylvania Electric Co.**  |  |  |
| 4.300% due 01/15/2029  | 700 | 694 |
| 6.150% due 10/01/2038  | 2409 | 2554 |
| **Fiserv, Inc.**  |  |  |
| 3.500% due 07/01/2029  | 235 | 226 |
| 4.400% due 07/01/2049  | 12923 | 10591 |
| **Flex Intermediate Holdco LLC**  |  |  |
| 3.363% due 06/30/2031  | 6400 | 5692 |
| 4.317% due 12/30/2039  | 55500 | 43860 |
| **Flex Ltd.** <br>4.875% due 05/12/2030 | 15685 | 15760 |
| **Ford Foundation**  |  |  |
| 2.415% due 06/01/2050  | 3800 | 2224 |
| 2.815% due 06/01/2070  | 7100 | 3971 |
| **Fox Corp.**  |  |  |
| 5.476% due 01/25/2039  | 1200 | 1175 |
| 5.576% due 01/25/2049 (l)  | 8000 | 7512 |
| **Freeport-McMoRan, Inc.** <br>5.400% due 11/14/2034 | 2650 | 2693 |
| **Fresenius Medical Care U.S. Finance, Inc.** <br>3.000% due 12/01/2031 | 24600 | 21548 |
| **GE Capital Funding LLC** <br>4.550% due 05/15/2032 | 9751 | 9695 |
| **Georgetown University** <br>5.115% due 04/01/2053 | 3300 | 3024 |
| **Glencore Finance Canada Ltd.**  |  |  |
| 5.550% due 10/25/2042  | 8730 | 8344 |
| 6.900% due 11/15/2037  | 100 | 110 |
| **Glencore Finance Europe Ltd.** <br>3.125% due 03/26/2026 | 500 | 680 |
| **Glencore Funding LLC**  |  |  |
| 5.893% due 04/04/2054  | $2000 | 1962 |
| 6.141% due 04/01/2055  | 8400 | 8500 |
| **Global Payments, Inc.**  |  |  |
| 4.150% due 08/15/2049  | 4400 | 3253 |
| 5.950% due 08/15/2052 (l)  | 10290 | 9902 |
| **GNL Quintero SA** <br>4.634% due 07/31/2029 | 2648 | 2627 |
| **Greensaif Pipelines Bidco SARL**  |  |  |
| 5.853% due 02/23/2036  | 4600 | 4657 |
| 6.103% due 08/23/2042  | 6000 | 6009 |
| 6.129% due 02/23/2038  | 2600 | 2683 |
| 6.510% due 02/23/2042  | 10700 | 11097 |
| **Haleon U.S. Capital LLC**  |  |  |
| 3.625% due 03/24/2032  | 3700 | 3463 |
| 4.000% due 03/24/2052  | 3053 | 2362 |
| **Harbour Energy PLC** <br>6.327% due 04/01/2035 | 15500 | 15425 |
| **Hasbro, Inc.** <br>3.900% due 11/19/2029 | 1000 | 965 |
| **HCA, Inc.**  |  |  |
| 3.500% due 07/15/2051  | 24950 | 16543 |
| 3.625% due 03/15/2032  | 17875 | 16495 |
| 4.625% due 03/15/2052  | 39825 | 32030 |
| 5.250% due 06/15/2049  | 10000 | 8891 |
| 5.450% due 09/15/2034  | 4900 | 4945 |
| 5.500% due 06/01/2033  | 850 | 871 |
| 5.500% due 06/15/2047  | 26202 | 24367 |
| 5.750% due 03/01/2035  | 14400 | 14816 |
| 5.900% due 06/01/2053  | 5300 | 5121 |
| 5.950% due 09/15/2054  | 10000 | 9726 |
| 6.000% due 04/01/2054  | 10000 | 9791 |
| 6.100% due 04/01/2064  | 5200 | 5076 |
| 6.200% due 03/01/2055  | 11000 | 11087 |
| **Heineken NV** <br>4.350% due 03/29/2047 | 7848 | 6462 |
| **Hexcel Corp.** <br>5.875% due 02/26/2035 | 800 | 814 |
| **Hoag Memorial Hospital Presbyterian** <br>3.803% due 07/15/2052 | 8800 | 6645 |
| **Holcim Sterling Finance Netherlands BV** <br>2.250% due 04/04/2034 | 5200 | 5584 |
| **Home Depot, Inc.**  |  |  |
| 3.300% due 04/15/2040  | $130 | 104 |
| 3.625% due 04/15/2052  | 820 | 597 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.200% due 04/01/2043  | 304 | 260 |
| 4.250% due 04/01/2046  | 712 | 597 |
| **Humana, Inc.**  |  |  |
| 5.875% due 03/01/2033  | 80 | 83 |
| 8.150% due 06/15/2038  | 1000 | 1189 |
| **Hyatt Hotels Corp.**  |  |  |
| 4.375% due 09/15/2028  | 1100 | 1097 |
| 5.050% due 03/30/2028  | 1100 | 1112 |
| 5.375% due 12/15/2031  | 1900 | 1928 |
| 5.750% due 04/23/2030  | 5850 | 6054 |
| 5.750% due 03/30/2032  | 950 | 976 |
| **Hyundai Capital America**  |  |  |
| 2.000% due 06/15/2028  | 12713 | 11769 |
| 5.400% due 06/23/2032  | 13000 | 13171 |
| **Imperial Brands Finance PLC**  |  |  |
| 4.250% due 07/21/2025  | 2021 | 2020 |
| 6.125% due 07/27/2027  | 9798 | 10118 |
| **Integris Baptist Medical Center, Inc.** <br>3.875% due 08/15/2050 | 10800 | 7701 |
| **Intel Corp.**  |  |  |
| 5.700% due 02/10/2053  | 2500 | 2328 |
| 5.900% due 02/10/2063  | 479 | 450 |
| **Jabil, Inc.** <br>5.450% due 02/01/2029 | 1600 | 1642 |
| **JetBlue Pass-Through Trust**  |  |  |
| 2.750% due 11/15/2033  | 1860 | 1632 |
| 4.000% due 05/15/2034  | 9525 | 8939 |
| **Juniper Networks, Inc.** <br>5.950% due 03/15/2041 | 42478 | 42238 |
| **Kaiser Foundation Hospitals** <br>4.150% due 05/01/2047 | 14300 | 11672 |
| **Keurig Dr. Pepper, Inc.**  |  |  |
| 4.500% due 04/15/2052 (l)  | 47043 | 38786 |
| 5.150% due 05/15/2035  | 170 | 170 |
| **Kinder Morgan Energy Partners LP**  |  |  |
| 4.700% due 11/01/2042  | 6209 | 5417 |
| 5.000% due 03/01/2043  | 33335 | 29723 |
| 5.400% due 09/01/2044  | 300 | 279 |
| 5.500% due 03/01/2044  | 5536 | 5225 |
| 5.625% due 09/01/2041  | 1700 | 1639 |
| 5.800% due 03/15/2035  | 10942 | 11318 |
| 6.375% due 03/01/2041  | 10715 | 11081 |
| 6.500% due 02/01/2037  | 12219 | 12943 |
| 6.500% due 09/01/2039  | 36840 | 39301 |
| 6.550% due 09/15/2040  | 30300 | 32431 |
| 6.950% due 01/15/2038  | 800 | 888 |
| 7.400% due 03/15/2031  | 5000 | 5620 |
| 7.500% due 11/15/2040  | 25567 | 29293 |
| **Kinder Morgan, Inc.**  |  |  |
| 5.300% due 12/01/2034  | 1190 | 1189 |
| 5.550% due 06/01/2045  | 4190 | 3957 |
| 7.800% due 08/01/2031  | 2000 | 2305 |
| **Kraft Heinz Foods Co.**  |  |  |
| 4.125% due 07/01/2027  | 1000 | 1365 |
| 4.375% due 06/01/2046  | $3000 | 2429 |
| 4.875% due 10/01/2049  | 5400 | 4640 |
| 5.000% due 06/04/2042  | 8413 | 7594 |
| 5.200% due 07/15/2045  | 983 | 892 |
| 5.500% due 06/01/2050  | 3400 | 3184 |
| 6.500% due 02/09/2040  | 44238 | 47328 |
| 7.125% due 08/01/2039  | 1043 | 1176 |
| **L3Harris Technologies, Inc.** <br>5.500% due 08/15/2054 | 12648 | 12280 |
| **Laboratory Corp. of America Holdings** <br>4.800% due 10/01/2034 | 7645 | 7477 |
| **Las Vegas Sands Corp.**  |  |  |
| 3.500% due 08/18/2026  | 35500 | 35042 |
| 3.900% due 08/08/2029 (l)  | 70142 | 66827 |
| 6.200% due 08/15/2034  | 17615 | 18005 |
| **Leidos, Inc.**  |  |  |
| 2.300% due 02/15/2031  | 7900 | 6916 |
| 4.375% due 05/15/2030  | 2000 | 1972 |
| **Leland Stanford Junior University** <br>2.413% due 06/01/2050 | 12600 | 7464 |
| **Lockheed Martin Corp.**  |  |  |
| 4.300% due 06/15/2062  | 23300 | 18418 |
| 5.200% due 02/15/2055  | 26010 | 24364 |
| 5.200% due 02/15/2064  | 11812 | 10920 |
| 5.700% due 11/15/2054  | 31498 | 31804 |
| **Lowe's Cos., Inc.**  |  |  |
| 3.700% due 04/15/2046  | 1343 | 1000 |
| 5.750% due 07/01/2053  | 500 | 489 |
| 5.800% due 09/15/2062  | 956 | 930 |
| 5.850% due 04/01/2063  | 16400 | 16029 |
| **LYB International Finance LLC** <br>3.625% due 04/01/2051 | 360 | 241 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Marriott** **International, Inc.**  |  |  |
| 2.750% due 10/15/2033  | 6087 | 5185 |
| 2.850% due 04/15/2031  | 8500 | 7721 |
| 3.500% due 10/15/2032  | 18101 | 16464 |
| 4.625% due 06/15/2030  | 4599 | 4612 |
| 5.300% due 05/15/2034  | 400 | 405 |
| 5.350% due 03/15/2035  | 1375 | 1387 |
| **Mars, Inc.**  |  |  |
| 5.000% due 03/01/2032  | 3100 | 3143 |
| 5.200% due 03/01/2035  | 13500 | 13668 |
| 5.650% due 05/01/2045  | 9500 | 9529 |
| 5.700% due 05/01/2055  | 18500 | 18468 |
| **Marvell Technology, Inc.**  |  |  |
| 2.950% due 04/15/2031  | 8364 | 7621 |
| 4.875% due 06/22/2028  | 6300 | 6374 |
| **Massachusetts Institute of Technology** <br>5.600% due 12/31/2099 | 1668 | 1667 |
| **McDonald's Corp.**  |  |  |
| 3.625% due 09/01/2049  | 10972 | 7966 |
| 4.875% due 12/09/2045  | 345 | 311 |
| 5.150% due 09/09/2052  | 100 | 92 |
| **MDC Holdings, Inc.** <br>3.966% due 08/06/2061 (l) | 10300 | 7510 |
| **Merck & Co., Inc.**  |  |  |
| 2.750% due 12/10/2051  | 982 | 604 |
| 2.900% due 12/10/2061  | 3300 | 1925 |
| **Meta Platforms, Inc.**  |  |  |
| 4.450% due 08/15/2052  | 1000 | 844 |
| 4.650% due 08/15/2062  | 26200 | 22105 |
| 4.750% due 08/15/2034  | 15824 | 15904 |
| 5.400% due 08/15/2054 (l)  | 16400 | 16005 |
| 5.550% due 08/15/2064  | 20000 | 19562 |
| 5.750% due 05/15/2063  | 12000 | 12140 |
| **Micron Technology, Inc.**  |  |  |
| 5.327% due 02/06/2029  | 6565 | 6722 |
| 6.750% due 11/01/2029  | 575 | 622 |
| **Microsoft Corp.**  |  |  |
| 2.500% due 09/15/2050  | 29800 | 18303 |
| 2.675% due 06/01/2060  | 29510 | 17466 |
| 2.921% due 03/17/2052  | 17621 | 11696 |
| **Mileage Plus Holdings LLC** <br>6.500% due 06/20/2027 | 2560 | 2565 |
| **Moody's Corp.**  |  |  |
| 3.100% due 11/29/2061  | 6000 | 3728 |
| 4.875% due 12/17/2048  | 9000 | 8035 |
| 5.250% due 07/15/2044  | 4144 | 3966 |
| **Motorola Solutions, Inc.** <br>5.500% due 09/01/2044 (l) | 5686 | 5553 |
| **MPLX LP**  |  |  |
| 4.700% due 04/15/2048  | 2800 | 2274 |
| 4.900% due 04/15/2058  | 19120 | 15352 |
| 4.950% due 03/14/2052  | 45804 | 37963 |
| 5.200% due 03/01/2047  | 5000 | 4367 |
| 5.200% due 12/01/2047  | 2100 | 1834 |
| 5.500% due 02/15/2049  | 200 | 181 |
| 5.950% due 04/01/2055  | 19200 | 18304 |
| **MSCI, Inc.**  |  |  |
| 3.250% due 08/15/2033  | 5000 | 4385 |
| 3.875% due 02/15/2031  | 600 | 566 |
| **National Football League**  |  |  |
| 5.250% due 10/05/2034 (k) | 34600 | 34735 |
| 5.420% due 10/05/2037 (k) | 12000 | 12061 |
| 5.580% due 10/05/2033 «(k)  | 10000 | 10105 |
| 5.680% due 10/05/2035 «(k)  | 5000 | 5063 |
| 5.890% due 10/05/2043 «(k)  | 5000 | 4888 |
| **National Grid Electricity Transmission PLC**  |  |  |
| 2.000% due 09/16/2038  | 919 | 829 |
| 2.000% due 04/17/2040  | 3300 | 2838 |
| **Nationwide Children's Hospital, Inc.** <br>4.556% due 11/01/2052 | $2500 | 2142 |
| **NBCUniversal Media LLC** <br>4.450% due 01/15/2043 | 19107 | 16469 |
| **NetApp, Inc.**  |  |  |
| 5.500% due 03/17/2032  | 1400 | 1443 |
| 5.700% due 03/17/2035  | 5900 | 6061 |
| **Netflix, Inc.**  |  |  |
| 4.875% due 04/15/2028  | 1295 | 1322 |
| 4.900% due 08/15/2034  | 3559 | 3629 |
| 5.400% due 08/15/2054  | 4450 | 4395 |
| **Newmont Corp.**  |  |  |
| 5.450% due 06/09/2044  | 16100 | 15759 |
| 5.750% due 11/15/2041  | 18905 | 19168 |
| 6.250% due 10/01/2039  | 1710 | 1849 |
| **Norfolk Southern Corp.** <br>4.100% due 05/15/2121 | 9700 | 6726 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Northern** **Natural Gas Co.**  |  |  |
| 3.400% due 10/16/2051  | 3500 | 2308 |
| 4.100% due 09/15/2042  | 14000 | 11304 |
| 4.300% due 01/15/2049  | 18375 | 14592 |
| 5.625% due 02/01/2054  | 1500 | 1447 |
| **Northern Star Resources Ltd.** <br>6.125% due 04/11/2033 | 7600 | 7927 |
| **Northrop Grumman Corp.**  |  |  |
| 3.850% due 04/15/2045  | 9500 | 7501 |
| 5.200% due 06/01/2054  | 5230 | 4878 |
| **Northwell Healthcare, Inc.** <br>3.809% due 11/01/2049 | 14900 | 10737 |
| **NPC Ukrenergo** <br>6.875% due 11/09/2028 | 800 | 650 |
| **NVIDIA Corp.** <br>3.500% due 04/01/2050 | 125 | 93 |
| **NXP BV**  |  |  |
| 3.150% due 05/01/2027  | 1800 | 1762 |
| 5.350% due 03/01/2026  | 10000 | 10049 |
| **Ochsner LSU Health System of North Louisiana** <br>2.510% due 05/15/2031 | 5600 | 4596 |
| **ONEOK Partners LP**  |  |  |
| 6.125% due 02/01/2041  | 21327 | 21269 |
| 6.200% due 09/15/2043  | 47644 | 47458 |
| **Oracle Corp.**  |  |  |
| 3.600% due 04/01/2040  | 22300 | 17861 |
| 3.600% due 04/01/2050  | 28506 | 19954 |
| 3.650% due 03/25/2041  | 13880 | 10950 |
| 3.800% due 11/15/2037  | 8405 | 7200 |
| 3.850% due 07/15/2036  | 1500 | 1322 |
| 3.850% due 04/01/2060  | 65142 | 44930 |
| 3.900% due 05/15/2035  | 5000 | 4513 |
| 3.950% due 03/25/2051  | 17100 | 12633 |
| 4.000% due 07/15/2046  | 2750 | 2123 |
| 4.000% due 11/15/2047  | 62830 | 48134 |
| 4.100% due 03/25/2061  | 50490 | 36536 |
| 4.500% due 07/08/2044  | 1400 | 1184 |
| 4.700% due 09/27/2034  | 300 | 291 |
| 4.900% due 02/06/2033  | 2295 | 2302 |
| 5.375% due 09/27/2054  | 13255 | 12126 |
| 5.500% due 08/03/2035  | 20000 | 20452 |
| 5.500% due 09/27/2064  | 11069 | 10090 |
| 5.550% due 02/06/2053 (l)  | 35400 | 33319 |
| 6.000% due 08/03/2055  | 24100 | 24080 |
| 6.500% due 04/15/2038  | 500 | 544 |
| 6.900% due 11/09/2052  | 8500 | 9463 |
| **Orlando Health Obligated Group** <br>3.327% due 10/01/2050 | 8500 | 5982 |
| **Ovintiv, Inc.** <br>6.625% due 08/15/2037 | 3310 | 3403 |
| **Pacific National Finance Pty. Ltd.** <br>4.750% due 03/22/2028 | 14885 | 14458 |
| **Paramount Global**  |  |  |
| 2.900% due 01/15/2027  | 1100 | 1071 |
| 6.875% due 04/30/2036  | 130 | 133 |
| **PeaceHealth Obligated Group** <br>4.787% due 11/15/2048 | 2200 | 1840 |
| **Perrigo Finance Unlimited Co.** <br>4.900% due 06/15/2030 | 13300 | 13086 |
| **Petroleos Mexicanos**  |  |  |
| 5.350% due 02/12/2028  | 7200 | 6918 |
| 6.750% due 09/21/2047  | 39095 | 28341 |
| 6.950% due 01/28/2060  | 8284 | 5958 |
| **Pfizer Investment Enterprises Pte. Ltd.**  |  |  |
| 5.110% due 05/19/2043  | 16238 | 15495 |
| 5.340% due 05/19/2063  | 12996 | 12063 |
| **Pfizer, Inc.** <br>5.600% due 09/15/2040 | 16865 | 17367 |
| **Philip Morris International, Inc.**  |  |  |
| 3.875% due 08/21/2042  | 1875 | 1526 |
| 4.125% due 03/04/2043  | 2575 | 2156 |
| 4.250% due 11/10/2044  | 24400 | 20736 |
| 4.375% due 11/15/2041  | 11100 | 9683 |
| 4.875% due 11/15/2043  | 2500 | 2294 |
| **Pioneer Natural Resources Co.**  |  |  |
| 1.900% due 08/15/2030  | 14227 | 12616 |
| 7.200% due 01/15/2028  | 24475 | 26244 |
| **QatarEnergy**  |  |  |
| 3.125% due 07/12/2041  | 200 | 148 |
| 3.300% due 07/12/2051  | 22880 | 15468 |
| **QatarEnergy LNG S3**  |  |  |
| 5.838% due 09/30/2027  | 2348 | 2390 |
| 6.332% due 09/30/2027  | 1345 | 1367 |
| **Reynolds American, Inc.** <br>6.150% due 09/15/2043 | 6700 | 6784 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Rockies** **Express Pipeline LLC** <br>7.500% due 07/15/2038 | 7162 | 7310 |
| **Rogers Communications, Inc.**  |  |  |
| 3.800% due 03/15/2032  | 7440 | 6917 |
| 4.550% due 03/15/2052  | 2987 | 2435 |
| **Royalty Pharma PLC**  |  |  |
| 3.300% due 09/02/2040  | 8584 | 6469 |
| 3.350% due 09/02/2051  | 500 | 324 |
| 3.550% due 09/02/2050  | 1000 | 678 |
| **RTX Corp.**  |  |  |
| 4.150% due 05/15/2045  | 1200 | 986 |
| 4.450% due 11/16/2038  | 6200 | 5717 |
| 4.500% due 06/01/2042  | 2200 | 1949 |
| 5.375% due 02/27/2053  | 15674 | 15016 |
| 6.100% due 03/15/2034 (l)  | 37200 | 40235 |
| 6.400% due 03/15/2054  | 38412 | 42141 |
| **S&P Global, Inc.**  |  |  |
| 2.900% due 03/01/2032  | 460 | 418 |
| 3.250% due 12/01/2049  | 1700 | 1202 |
| 3.700% due 03/01/2052 (l)  | 13101 | 9936 |
| 3.900% due 03/01/2062  | 2800 | 2089 |
| **Sabine Pass Liquefaction LLC**  |  |  |
| 4.200% due 03/15/2028  | 19923 | 19822 |
| 4.500% due 05/15/2030  | 25932 | 25898 |
| 5.000% due 03/15/2027  | 35565 | 35790 |
| 5.875% due 06/30/2026  | 2871 | 2887 |
| **Santos Finance Ltd.**  |  |  |
| 3.649% due 04/29/2031  | 35700 | 33256 |
| 6.875% due 09/19/2033  | 25000 | 27314 |
| **Saudi Arabian Oil Co.**  |  |  |
| 3.250% due 11/24/2050  | 14600 | 9288 |
| 3.500% due 11/24/2070  | 19600 | 11762 |
| 5.250% due 07/17/2034  | 3800 | 3844 |
| 5.750% due 07/17/2054  | 5200 | 4887 |
| 5.875% due 07/17/2064  | 6400 | 5856 |
| **Seagate Data Storage Technology Pte Ltd.**  |  |  |
| 4.125% due 01/15/2031  | 1263 | 1162 |
| 9.625% due 12/01/2032  | 1790 | 2019 |
| **Sherwin-Williams Co.** <br>4.500% due 06/01/2047 | 2312 | 1937 |
| **Skyworks Solutions, Inc.** <br>3.000% due 06/01/2031 | 21130 | 18626 |
| **Snam SpA** <br>6.500% due 05/28/2055 | 8900 | 9258 |
| **South Bow USA Infrastructure Holdings LLC** <br>6.176% due 10/01/2054 | 3900 | 3711 |
| **South Jersey Industries, Inc.** <br>5.020% due 04/15/2031 | 28000 | 23212 |
| **Southern Co.**  |  |  |
| 3.750% due 09/15/2051 •  | 13400 | 13237 |
| 4.250% due 07/01/2036  | 9300 | 8512 |
| 4.850% due 03/15/2035  | 8600 | 8413 |
| **Southern Natural Gas Co. LLC** <br>8.000% due 03/01/2032 (l) | 8346 | 9461 |
| **Spirit AeroSystems, Inc.**  |  |  |
| 3.850% due 06/15/2026  | 2400 | 2352 |
| 4.600% due 06/15/2028  | 800 | 787 |
| **Spirit Airlines Pass-Through Trust** <br>4.100% due 10/01/2029 | 4744 | 4359 |
| **Sprint Spectrum Co. LLC** <br>5.152% due 09/20/2029 | 12155 | 12243 |
| **Starbucks Corp.**  |  |  |
| 2.550% due 11/15/2030  | 2340 | 2122 |
| 3.500% due 11/15/2050  | 1400 | 976 |
| 4.500% due 11/15/2048  | 500 | 416 |
| **Stryker Corp.**  |  |  |
| 2.900% due 06/15/2050  | 7400 | 4837 |
| 4.625% due 09/11/2034  | 7226 | 7118 |
| 4.625% due 03/15/2046  | 6475 | 5753 |
| 5.200% due 02/10/2035  | 14600 | 14887 |
| **Suncor Energy, Inc.** <br>7.000% due 11/15/2028 | 17772 | 19039 |
| **Sutter Health**  |  |  |
| 3.161% due 08/15/2040  | 1950 | 1511 |
| 3.361% due 08/15/2050  | 2600 | 1799 |
| 5.164% due 08/15/2033  | 3500 | 3554 |
| 5.547% due 08/15/2053  | 2600 | 2573 |
| **Synopsys, Inc.**  |  |  |
| 5.000% due 04/01/2032  | 500 | 507 |
| 5.700% due 04/01/2055  | 6400 | 6368 |
| **Sysco Corp.** <br>6.600% due 04/01/2050 | 1353 | 1467 |
| **T-Mobile USA, Inc.**  |  |  |
| 2.050% due 02/15/2028  | 11600 | 10966 |
| 2.550% due 02/15/2031  | 11415 | 10224 |
| 2.700% due 03/15/2032  | 8014 | 7066 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 3.300% due 02/15/2051  | 47800 | 31753 |
| 3.400% due 10/15/2052  | 32101 | 21463 |
| 3.500% due 04/15/2031  | 1100 | 1034 |
| 3.600% due 11/15/2060  | 47797 | 31900 |
| 3.750% due 04/15/2027  | 5020 | 4970 |
| 4.375% due 04/15/2040  | 18750 | 16624 |
| 4.500% due 04/15/2050 (l)  | 52300 | 43274 |
| 4.700% due 01/15/2035  | 650 | 630 |
| 5.050% due 07/15/2033  | 300 | 302 |
| 5.200% due 01/15/2033  | 500 | 510 |
| 5.250% due 06/15/2055  | 12005 | 10971 |
| 5.500% due 01/15/2055  | 3600 | 3416 |
| 5.650% due 01/15/2053 (l)  | 29000 | 28078 |
| 5.750% due 01/15/2054  | 10000 | 9803 |
| 5.800% due 09/15/2062  | 9300 | 9118 |
| 5.875% due 11/15/2055  | 16025 | 16030 |
| 6.000% due 06/15/2054  | 3300 | 3362 |
| **Tapestry, Inc.**  |  |  |
| 5.100% due 03/11/2030  | 3885 | 3938 |
| 5.500% due 03/11/2035  | 10800 | 10847 |
| **Targa Resources Corp.**  |  |  |
| 5.500% due 02/15/2035  | 1690 | 1697 |
| 6.250% due 07/01/2052  | 14300 | 14177 |
| 6.500% due 02/15/2053  | 3000 | 3082 |
| **TD SYNNEX Corp.**  |  |  |
| 2.375% due 08/09/2028  | 9200 | 8620 |
| 2.650% due 08/09/2031  | 2450 | 2116 |
| **Telefonica Emisiones SA**  |  |  |
| 4.895% due 03/06/2048  | 16000 | 13459 |
| 5.213% due 03/08/2047  | 14700 | 13016 |
| 5.520% due 03/01/2049  | 1685 | 1541 |
| 7.045% due 06/20/2036 (l)  | 11697 | 12993 |
| **Tennessee Gas Pipeline Co. LLC**  |  |  |
| 2.900% due 03/01/2030  | 4500 | 4158 |
| 7.625% due 04/01/2037  | 320 | 372 |
| **Texas Eastern Transmission LP** <br>4.150% due 01/15/2048 | 400 | 311 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 1003 | 1516 |
| **Thames Water Utilities Finance PLC**  |  |  |
| 4.375% due 01/18/2033  | 23100 | 17809 |
| 5.125% due 09/28/2039  | 2200 | 2029 |
| 6.500% due 02/09/2034  | 400 | 370 |
| **Thomas Jefferson University** <br>3.847% due 11/01/2057 | $4754 | 3296 |
| **Time Warner Cable Enterprises LLC** <br>8.375% due 07/15/2033 | 18420 | 21458 |
| **Time Warner Cable LLC**  |  |  |
| 4.500% due 09/15/2042  | 18500 | 14745 |
| 5.500% due 09/01/2041  | 16073 | 14625 |
| 5.875% due 11/15/2040  | 5200 | 4996 |
| 6.550% due 05/01/2037  | 7306 | 7550 |
| 6.750% due 06/15/2039  | 52495 | 54446 |
| 7.300% due 07/01/2038  | 2080 | 2269 |
| **Topaz Solar Farms LLC** <br>4.875% due 09/30/2039 | 4308 | 3813 |
| **TotalEnergies Capital International SA** <br>3.386% due 06/29/2060 | 5700 | 3740 |
| **TotalEnergies Capital SA**  |  |  |
| 5.275% due 09/10/2054  | 1102 | 1033 |
| 5.425% due 09/10/2064  | 11000 | 10305 |
| **TR Finance LLC** <br>5.650% due 11/23/2043 | 10791 | 10523 |
| **Transcontinental Gas Pipe Line Co. LLC**  |  |  |
| 3.950% due 05/15/2050  | 23200 | 17591 |
| 5.400% due 08/15/2041  | 21385 | 20508 |
| **Trustees of the University of Pennsylvania** <br>4.674% due 09/01/2112 | 2500 | 2063 |
| **Trustees of Tufts College** <br>5.017% due 04/15/2112 | 3000 | 2545 |
| **TTX Co.** <br>4.600% due 02/01/2049 | 3700 | 3191 |
| **Uber Technologies, Inc.**  |  |  |
| 4.800% due 09/15/2034  | 1000 | 983 |
| 5.350% due 09/15/2054  | 928 | 866 |
| **UMass Memorial Health Care Obligated Group** <br>5.363% due 07/01/2052 | 1900 | 1726 |
| **Union Pacific Corp.**  |  |  |
| 3.550% due 05/20/2061  | 22710 | 15246 |
| 3.750% due 02/05/2070  | 7987 | 5416 |
| 3.799% due 04/06/2071  | 12500 | 8575 |
| 3.950% due 08/15/2059  | 10 | 7 |
| **United Airlines Pass-Through Trust**  |  |  |
| 2.700% due 11/01/2033  | 2876 | 2577 |
| 3.100% due 01/07/2030  | 20726 | 19831 |
| 3.100% due 04/07/2030  | 2640 | 2464 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 3.450% due 06/01/2029  | 1751 | 1700 |
| 3.450% due 01/07/2030  | 642 | 615 |
| 3.500% due 09/01/2031  | 3265 | 3082 |
| 3.750% due 03/03/2028  | 4419 | 4347 |
| 4.000% due 10/11/2027  | 8059 | 7991 |
| 4.150% due 02/25/2033  | 7168 | 6881 |
| 4.300% due 02/15/2027  | 8727 | 8717 |
| 4.550% due 08/25/2031  | 11273 | 10600 |
| 5.450% due 08/15/2038  | 38859 | 39352 |
| 5.875% due 04/15/2029  | 18603 | 18999 |
| **UnitedHealth Group, Inc.**  |  |  |
| 3.050% due 05/15/2041  | 22011 | 16188 |
| 3.250% due 05/15/2051  | 20000 | 13278 |
| 3.700% due 08/15/2049  | 5800 | 4226 |
| 3.875% due 08/15/2059  | 700 | 494 |
| 4.200% due 01/15/2047  | 285 | 229 |
| 4.950% due 05/15/2062  | 5000 | 4294 |
| 5.000% due 04/15/2034  | 125 | 125 |
| 5.050% due 04/15/2053  | 500 | 447 |
| 5.150% due 07/15/2034  | 19100 | 19302 |
| 5.200% due 04/15/2063  | 67307 | 60031 |
| 5.300% due 06/15/2035  | 5700 | 5812 |
| 5.375% due 04/15/2054  | 15000 | 14032 |
| 5.500% due 07/15/2044  | 20000 | 19493 |
| 5.500% due 04/15/2064  | 639 | 597 |
| 5.625% due 07/15/2054  | 19650 | 19075 |
| 5.750% due 07/15/2064  | 31088 | 30264 |
| 5.875% due 02/15/2053  | 835 | 837 |
| 5.950% due 06/15/2055  | 1200 | 1220 |
| **UPMC** <br>5.377% due 05/15/2043 | 3000 | 2862 |
| **Vale Overseas Ltd.**  |  |  |
| 3.750% due 07/08/2030  | 2285 | 2154 |
| 6.400% due 06/28/2054  | 3800 | 3738 |
| **Valero Energy Corp.** <br>3.650% due 12/01/2051 | 4053 | 2729 |
| **Var Energi ASA** <br>8.000% due 11/15/2032 | 9800 | 11117 |
| **VeriSign, Inc.** <br>2.700% due 06/15/2031 | 15400 | 13807 |
| **Verisk Analytics, Inc.** <br>3.625% due 05/15/2050 | 11900 | 8509 |
| **VMware LLC**  |  |  |
| 1.800% due 08/15/2028  | 5600 | 5183 |
| 4.700% due 05/15/2030  | 25900 | 26013 |
| **Volkswagen Group of America Finance LLC**  |  |  |
| 4.950% due 03/25/2027  | 3500 | 3512 |
| 5.050% due 03/27/2028  | 6700 | 6740 |
| **Wabtec Transportation Netherlands BV** <br>1.250% due 12/03/2027 | 2450 | 2795 |
| **Walt Disney Co.**  |  |  |
| 2.750% due 09/01/2049  | $11106 | 6996 |
| 3.500% due 05/13/2040  | 500 | 411 |
| 3.800% due 05/13/2060  | 13554 | 9897 |
| 4.750% due 09/15/2044  | 1600 | 1454 |
| **Warnermedia Holdings, Inc.**  |  |  |
| 5.050% due 03/15/2042  | 10440 | 7086 |
| 5.141% due 03/15/2052  | 1391 | 866 |
| **Weir Group, Inc.** <br>5.350% due 05/06/2030 | 5000 | 5072 |
| **West Virginia United Health System Obligated Group** <br>3.129% due 06/01/2050 | 4400 | 2775 |
| **Western & Southern Life Insurance Co.**  |  |  |
| 3.750% due 04/28/2061  | 24300 | 16543 |
| 5.150% due 01/15/2049  | 16000 | 14501 |
| **Western Midstream Operating LP**  |  |  |
| 5.250% due 02/01/2050  | 675 | 568 |
| 5.300% due 03/01/2048  | 8415 | 7030 |
| **Weyerhaeuser Co.** <br>7.700% due 02/15/2026 | 8555 | 8712 |
| **Williams Cos., Inc.**  |  |  |
| 5.300% due 09/30/2035  | 11500 | 11518 |
| 5.300% due 08/15/2052  | 10250 | 9364 |
| 5.600% due 03/15/2035  | 8900 | 9153 |
| 5.800% due 11/15/2054  | 3641 | 3562 |
| 6.000% due 03/15/2055  | 5783 | 5782 |
| 8.750% due 03/15/2032  | 1710 | 2059 |
| **Woodside Finance Ltd.**  |  |  |
| 4.500% due 03/04/2029  | 3809 | 3763 |
| 5.100% due 09/12/2034  | 14400 | 13951 |
| 5.400% due 05/19/2030  | 6500 | 6595 |
| 5.700% due 05/19/2032  | 3100 | 3158 |
| 5.700% due 09/12/2054  | 26100 | 23601 |
| 6.000% due 05/19/2035  | 15000 | 15319 |
| **Workday, Inc.** <br>3.800% due 04/01/2032 | 25524 | 23993 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Yale** **University** <br>2.402% due 04/15/2050 | 6900 | 4088 |
| **Yara International ASA** <br>3.148% due 06/04/2030 | 4800 | 4446 |
| **Zimmer Biomet Holdings, Inc.**  |  |  |
| 1.164% due 11/15/2027  | 3300 | 3760 |
| 4.250% due 08/15/2035  | $1681 | 1540 |
| 5.200% due 09/15/2034  | 18953 | 19025 |
| 5.500% due 02/19/2035  | 11000 | 11290 |
| **Zoetis, Inc.**  |  |  |
| 3.950% due 09/12/2047  | 9000 | 7195 |
| 4.450% due 08/20/2048  | 7500 | 6360 |
|  |  | 8429137 |
| **UTILITIES 16.5%**  |  |  |
| **AEP Texas, Inc.**  |  |  |
| 3.450% due 05/15/2051  | 10000 | 6740 |
| 4.150% due 05/01/2049  | 14400 | 10967 |
| 6.650% due 02/15/2033  | 1000 | 1084 |
| **AES Corp.**  |  |  |
| 3.950% due 07/15/2030 (l)  | 7000 | 6659 |
| 5.450% due 06/01/2028  | 2019 | 2064 |
| **Alabama Power Co.**  |  |  |
| 3.125% due 07/15/2051  | 1300 | 871 |
| 3.450% due 10/01/2049  | 3600 | 2561 |
| 3.700% due 12/01/2047  | 100 | 76 |
| 3.850% due 12/01/2042  | 2950 | 2378 |
| 3.940% due 09/01/2032  | 5500 | 5282 |
| 4.300% due 07/15/2048  | 8700 | 7219 |
| 5.200% due 06/01/2041  | 200 | 190 |
| **Alliant Energy Finance LLC** <br>3.600% due 03/01/2032 | 13500 | 12238 |
| **Ameren Illinois Co.**  |  |  |
| 2.900% due 06/15/2051  | 32500 | 20562 |
| 3.250% due 03/15/2050  | 2600 | 1771 |
| 3.700% due 12/01/2047  | 2200 | 1660 |
| 4.150% due 03/15/2046  | 5451 | 4478 |
| 5.625% due 03/01/2055  | 5000 | 4946 |
| **American Electric Power Co., Inc.**  |  |  |
| 3.875% due 02/15/2062 •  | 7938 | 7636 |
| 5.625% due 03/01/2033  | 1489 | 1549 |
| 5.950% due 11/01/2032  | 140 | 149 |
| **American Transmission Systems, Inc.** <br>5.000% due 09/01/2044 | 13395 | 12281 |
| **American Water Capital Corp.**  |  |  |
| 3.750% due 09/01/2047  | 5000 | 3807 |
| 4.300% due 12/01/2042  | 8700 | 7428 |
| **Anglian Water Services Financing PLC** <br>6.000% due 06/20/2039 | 2900 | 3898 |
| **Appalachian Power Co.**  |  |  |
| 4.400% due 05/15/2044  | $6350 | 5174 |
| 4.500% due 08/01/2032  | 3800 | 3709 |
| 5.800% due 10/01/2035  | 2176 | 2225 |
| 6.375% due 04/01/2036  | 5146 | 5462 |
| 6.700% due 08/15/2037  | 3600 | 3899 |
| 7.000% due 04/01/2038  | 2978 | 3317 |
| **Arizona Public Service Co.**  |  |  |
| 3.500% due 12/01/2049  | 7100 | 4882 |
| 4.500% due 04/01/2042  | 6104 | 5232 |
| **AT&T, Inc.**  |  |  |
| 3.150% due 09/04/2036  | 2800 | 3114 |
| 3.500% due 09/15/2053  | $56612 | 38348 |
| 3.550% due 09/15/2055  | 124782 | 84264 |
| 3.650% due 06/01/2051  | 5850 | 4160 |
| 3.650% due 09/15/2059  | 271394 | 182226 |
| 3.800% due 12/01/2057  | 215680 | 151055 |
| 3.850% due 06/01/2060  | 28820 | 20169 |
| **Atmos Energy Corp.**  |  |  |
| 2.850% due 02/15/2052  | 10536 | 6516 |
| 3.375% due 09/15/2049  | 5000 | 3481 |
| 4.125% due 03/15/2049  | 5300 | 4233 |
| 4.300% due 10/01/2048  | 6200 | 5136 |
| **Avista Corp.** <br>4.000% due 04/01/2052 | 12800 | 9445 |
| **Baltimore Gas & Electric Co.**  |  |  |
| 2.900% due 06/15/2050  | 1681 | 1058 |
| 3.200% due 09/15/2049  | 2400 | 1637 |
| **Berkshire Hathaway Energy Co.**  |  |  |
| 4.250% due 10/15/2050  | 3400 | 2719 |
| 4.450% due 01/15/2049  | 24790 | 20518 |
| 4.500% due 02/01/2045  | 580 | 499 |
| 4.600% due 05/01/2053  | 18900 | 15815 |
| 6.125% due 04/01/2036  | 5200 | 5597 |
| **BG Energy Capital PLC** <br>5.125% due 10/15/2041 | 30145 | 28530 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Black** **Hills Corp.**  |  |  |
| 4.200% due 09/15/2046  | 4284 | 3382 |
| 6.000% due 01/15/2035  | 5625 | 5838 |
| **Boston Gas Co.**  |  |  |
| 4.487% due 02/15/2042  | 7784 | 6568 |
| 5.843% due 01/10/2035  | 3000 | 3120 |
| 6.119% due 07/20/2053  | 17500 | 17557 |
| **Brooklyn Union Gas Co.** <br>4.487% due 03/04/2049 | 7500 | 5938 |
| **CenterPoint Energy Houston Electric LLC**  |  |  |
| 2.900% due 07/01/2050  | 4400 | 2836 |
| 3.350% due 04/01/2051  | 13900 | 9712 |
| 3.600% due 03/01/2052  | 16270 | 11753 |
| 4.950% due 04/01/2033  | 7000 | 7036 |
| **Cleco Power LLC** <br>6.000% due 12/01/2040 | 18175 | 18867 |
| **Cleveland Electric Illuminating Co.** <br>5.950% due 12/15/2036 | 7000 | 7315 |
| **CMS Energy Corp.** <br>4.700% due 03/31/2043 | 3837 | 3337 |
| **Columbia Pipelines Operating Co. LLC**  |  |  |
| 5.695% due 10/01/2054  | 10000 | 9262 |
| 6.497% due 08/15/2043  | 4675 | 4833 |
| 6.544% due 11/15/2053  | 16100 | 16657 |
| 6.714% due 08/15/2063  | 9800 | 10381 |
| **Commonwealth Edison Co.**  |  |  |
| 3.000% due 03/01/2050  | 5200 | 3374 |
| 3.125% due 03/15/2051  | 19200 | 12705 |
| 3.850% due 03/15/2052  | 8400 | 6353 |
| **Connecticut Light & Power Co.**  |  |  |
| 2.050% due 07/01/2031  | 4845 | 4230 |
| 4.000% due 04/01/2048  | 1300 | 1022 |
| 4.300% due 04/15/2044  | 13009 | 10997 |
| **Consolidated Edison Co. of New York, Inc.**  |  |  |
| 3.000% due 12/01/2060  | 6480 | 3839 |
| 3.600% due 06/15/2061  | 22385 | 15292 |
| 4.125% due 05/15/2049  | 18110 | 14327 |
| 4.200% due 03/15/2042  | 5000 | 4243 |
| 4.300% due 12/01/2056  | 1270 | 1002 |
| 4.500% due 05/15/2058  | 33831 | 27551 |
| 5.700% due 06/15/2040  | 4900 | 5034 |
| **Constellation Energy Generation LLC**  |  |  |
| 5.600% due 06/15/2042  | 21664 | 21101 |
| 5.750% due 03/15/2054  | 9825 | 9636 |
| 5.800% due 03/01/2033  | 10871 | 11502 |
| 6.250% due 10/01/2039  | 12875 | 13758 |
| 6.500% due 10/01/2053  | 6980 | 7500 |
| **Consumers Energy Co.**  |  |  |
| 4.050% due 05/15/2048  | 8100 | 6524 |
| 4.100% due 11/15/2045  | 2150 | 1723 |
| 4.350% due 04/15/2049  | 14000 | 11857 |
| **Dayton Power & Light Co.** <br>3.950% due 06/15/2049 | 11000 | 8172 |
| **Dominion Energy, Inc.**  |  |  |
| 2.250% due 08/15/2031  | 12500 | 10936 |
| 4.600% due 03/15/2049  | 4046 | 3320 |
| 4.850% due 08/15/2052  | 17000 | 14406 |
| 5.375% due 11/15/2032  | 934 | 958 |
| **DTE Electric Co.**  |  |  |
| 3.250% due 04/01/2051  | 8400 | 5746 |
| 3.650% due 03/01/2052  | 5600 | 4129 |
| 3.950% due 06/15/2042  | 500 | 405 |
| 4.300% due 07/01/2044  | 9150 | 7731 |
| 5.400% due 04/01/2053  | 14000 | 13689 |
| **Duke Energy Carolinas LLC**  |  |  |
| 2.850% due 03/15/2032  | 3600 | 3232 |
| 3.200% due 08/15/2049  | 16000 | 10826 |
| 3.450% due 04/15/2051  | 5600 | 3972 |
| 3.550% due 03/15/2052  | 8000 | 5776 |
| 3.700% due 12/01/2047  | 15355 | 11568 |
| 3.750% due 06/01/2045  | 4358 | 3387 |
| 3.875% due 03/15/2046  | 2034 | 1596 |
| 3.950% due 03/15/2048  | 9915 | 7748 |
| 4.000% due 09/30/2042  | 3500 | 2896 |
| 4.250% due 12/15/2041  | 16400 | 14042 |
| 4.850% due 01/15/2034  | 910 | 909 |
| 4.950% due 01/15/2033  | 2240 | 2280 |
| 5.350% due 01/15/2053  | 11400 | 10954 |
| **Duke Energy Corp.**  |  |  |
| 3.300% due 06/15/2041  | 3025 | 2272 |
| 3.500% due 06/15/2051  | 6750 | 4642 |
| 3.950% due 08/15/2047  | 4670 | 3516 |
| 4.200% due 06/15/2049  | 5000 | 3905 |
| 6.100% due 09/15/2053  | 8396 | 8551 |
| **Duke Energy Florida LLC**  |  |  |
| 4.200% due 07/15/2048  | 7600 | 6098 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.650% due 04/01/2040  | 6000 | 6173 |
| **Duke Energy Indiana LLC**  |  |  |
| 4.900% due 07/15/2043  | 2000 | 1830 |
| 5.400% due 04/01/2053  | 10100 | 9636 |
| **Duke Energy Ohio, Inc.** <br>5.650% due 04/01/2053 | 2000 | 1973 |
| **Duke Energy Progress LLC**  |  |  |
| 2.500% due 08/15/2050  | 25000 | 14487 |
| 3.600% due 09/15/2047  | 44900 | 32996 |
| 4.000% due 04/01/2052  | 3687 | 2833 |
| 4.100% due 03/15/2043  | 6026 | 4983 |
| 5.250% due 03/15/2033  | 9850 | 10175 |
| 5.350% due 03/15/2053  | 9300 | 8856 |
| 5.550% due 03/15/2055  | 5000 | 4892 |
| **Duquesne Light Holdings, Inc.** <br>2.532% due 10/01/2030 | 3700 | 3275 |
| **E.ON International Finance BV** <br>6.650% due 04/30/2038 | 1520 | 1680 |
| **Edison International**  |  |  |
| 6.250% due 03/15/2030  | 6400 | 6502 |
| 8.125% due 06/15/2053 •(l)  | 7200 | 6972 |
| **Electricite de France SA**  |  |  |
| 4.950% due 10/13/2045  | 19324 | 16746 |
| 5.000% due 09/21/2048  | 12622 | 10964 |
| 6.000% due 04/22/2064  | 41474 | 39328 |
| 6.000% due 01/22/2114 (l)  | 17924 | 17227 |
| 6.250% due 05/23/2033  | 10000 | 10721 |
| 6.375% due 01/13/2055  | 10800 | 10846 |
| 6.900% due 05/23/2053  | 8492 | 9072 |
| 9.125% due 03/15/2033 •(h)  | 5400 | 6104 |
| **Emera U.S. Finance LP** <br>4.750% due 06/15/2046 | 750 | 624 |
| **Enel Finance America LLC** <br>2.875% due 07/12/2041 | 12000 | 8184 |
| **Enel Finance International NV**  |  |  |
| 4.750% due 05/25/2047  | 24780 | 20877 |
| 7.750% due 10/14/2052  | 10200 | 12242 |
| **Entergy Arkansas LLC**  |  |  |
| 2.650% due 06/15/2051  | 9375 | 5509 |
| 3.350% due 06/15/2052  | 7400 | 4955 |
| 4.200% due 04/01/2049  | 5800 | 4628 |
| 5.750% due 06/01/2054  | 10000 | 9925 |
| **Entergy Corp.** <br>3.750% due 06/15/2050 (l) | 13000 | 9310 |
| **Entergy Mississippi LLC**  |  |  |
| 3.500% due 06/01/2051  | 1500 | 1033 |
| 5.000% due 09/01/2033  | 6800 | 6815 |
| **Entergy Texas, Inc.**  |  |  |
| 4.500% due 03/30/2039  | 4000 | 3645 |
| 5.000% due 09/15/2052  | 11900 | 10456 |
| 5.800% due 09/01/2053  | 2200 | 2172 |
| **Evergy Kansas Central, Inc.**  |  |  |
| 3.450% due 04/15/2050  | 8300 | 5749 |
| 5.250% due 03/15/2035  | 5000 | 5061 |
| 5.700% due 03/15/2053  | 6500 | 6423 |
| **Evergy Metro, Inc.**  |  |  |
| 4.125% due 04/01/2049  | 15431 | 12042 |
| 4.200% due 06/15/2047  | 1200 | 966 |
| **Evergy, Inc.** <br>6.650% due 06/01/2055 •  | 1000 | 1018 |
| **Eversource Energy**  |  |  |
| 3.350% due 03/15/2026  | 2838 | 2811 |
| 5.125% due 05/15/2033  | 3976 | 3981 |
| **Exelon Corp.**  |  |  |
| 5.600% due 03/15/2053  | 10250 | 9862 |
| 5.625% due 06/15/2035  | 2529 | 2603 |
| **Fells Point Funding Trust** <br>3.046% due 01/31/2027 | 20000 | 19574 |
| **FirstEnergy Corp.** <br>3.400% due 03/01/2050 | 7500 | 5089 |
| **FirstEnergy Transmission LLC**  |  |  |
| 2.866% due 09/15/2028  | 2600 | 2481 |
| 5.450% due 07/15/2044  | 10100 | 9637 |
| **Florida Power & Light Co.**  |  |  |
| 3.700% due 12/01/2047  | 16800 | 12800 |
| 4.050% due 10/01/2044  | 4200 | 3475 |
| 5.300% due 04/01/2053  | 2500 | 2392 |
| 5.700% due 03/15/2055  | 5000 | 5064 |
| 5.800% due 03/15/2065  | 2000 | 2031 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | 1851 | 1760 |
| **Gazprom PJSC Via Gaz Finance PLC**  |  |  |
| 1.500% due 02/17/2027  | 200 | 183 |
| 2.950% due 01/27/2029  | $21000 | 15015 |
| **Georgia Power Co.**  |  |  |
| 3.250% due 03/15/2051  | 25300 | 17374 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.750% due 09/01/2040  | 1425 | 1327 |
| 5.125% due 05/15/2052 (l)  | 34800 | 32564 |
| 5.400% due 06/01/2040  | 9085 | 9271 |
| **Idaho Power Co.**  |  |  |
| 4.850% due 08/15/2040  | 8000 | 7485 |
| 5.500% due 03/15/2053  | 14978 | 14384 |
| **Indiana Michigan Power Co.**  |  |  |
| 3.250% due 05/01/2051  | 19500 | 12772 |
| 4.250% due 08/15/2048  | 5000 | 3976 |
| 4.550% due 03/15/2046  | 500 | 425 |
| 5.625% due 04/01/2053  | 13219 | 12994 |
| **Indianapolis Power & Light Co.**  |  |  |
| 5.650% due 12/01/2032  | 30000 | 30881 |
| 5.700% due 04/01/2054  | 3600 | 3592 |
| **Interstate Power & Light Co.** <br>6.250% due 07/15/2039 | 5000 | 5308 |
| **IPALCO Enterprises, Inc.** <br>4.250% due 05/01/2030 | 14524 | 13953 |
| **Jersey Central Power & Light Co.**  |  |  |
| 2.750% due 03/01/2032  | 6000 | 5264 |
| 6.150% due 06/01/2037  | 8562 | 9111 |
| **Kentucky Utilities Co.**  |  |  |
| 3.300% due 06/01/2050  | 4910 | 3306 |
| 4.375% due 10/01/2045  | 7100 | 5987 |
| 5.125% due 11/01/2040  | 14500 | 13992 |
| **KeySpan Gas East Corp.** <br>3.586% due 01/18/2052 | 14200 | 9410 |
| **Liberty Utilities Co.** <br>5.869% due 01/31/2034 | 10000 | 10212 |
| **Louisville Gas & Electric Co.**  |  |  |
| 4.250% due 04/01/2049  | 1900 | 1515 |
| 5.450% due 04/15/2033  | 15000 | 15517 |
| **Massachusetts Electric Co.** <br>5.867% due 02/26/2054 | 9100 | 9033 |
| **MidAmerican Energy Co.**  |  |  |
| 2.700% due 08/01/2052  | 1000 | 620 |
| 3.150% due 04/15/2050  | 1200 | 811 |
| 3.650% due 08/01/2048  | 6000 | 4495 |
| 3.950% due 08/01/2047  | 8262 | 6541 |
| 4.250% due 07/15/2049  | 5300 | 4315 |
| 4.400% due 10/15/2044  | 500 | 429 |
| 5.300% due 02/01/2055  | 17000 | 16195 |
| 5.350% due 01/15/2034  | 5000 | 5185 |
| 5.850% due 09/15/2054  | 19415 | 20007 |
| **Midwest Connector Capital Co. LLC** <br>4.625% due 04/01/2029 | 12200 | 12100 |
| **Mississippi Power Co.**  |  |  |
| 3.100% due 07/30/2051  | 18550 | 12195 |
| 4.250% due 03/15/2042  | 7400 | 6332 |
| **Monongahela Power Co.** <br>5.400% due 12/15/2043 | 9061 | 8850 |
| **National Grid Electricity Distribution East Midlands PLC** <br>3.949% due 09/20/2032 | 9700 | 11810 |
| **National Grid PLC** <br>5.809% due 06/12/2033 | $3700 | 3891 |
| **Nevada Power Co.** <br>6.000% due 03/15/2054 | 5000 | 5091 |
| **New York State Electric & Gas Corp.** <br>3.300% due 09/15/2049 | 10200 | 6669 |
| **Niagara Mohawk Power Corp.**  |  |  |
| 4.119% due 11/28/2042  | 3850 | 3133 |
| 5.664% due 01/17/2054  | 1665 | 1603 |
| 5.783% due 09/16/2052  | 10550 | 10332 |
| 5.996% due 07/03/2055 (b)  | 5000 | 5000 |
| **NiSource, Inc.**  |  |  |
| 3.950% due 03/30/2048 (l)  | 6830 | 5279 |
| 4.375% due 05/15/2047  | 14845 | 12220 |
| 5.650% due 02/01/2045  | 8640 | 8449 |
| 5.800% due 02/01/2042  | 6723 | 6647 |
| **Northern States Power Co.**  |  |  |
| 2.600% due 06/01/2051  | 187 | 113 |
| 3.200% due 04/01/2052  | 1400 | 957 |
| 4.500% due 06/01/2052  | 6800 | 5781 |
| 5.400% due 03/15/2054  | 6881 | 6648 |
| 5.650% due 06/15/2054  | 2000 | 2017 |
| **NSTAR Electric Co.**  |  |  |
| 4.400% due 03/01/2044  | 1500 | 1276 |
| 4.550% due 06/01/2052  | 5900 | 4913 |
| 4.950% due 09/15/2052  | 9200 | 8174 |
| **Oglethorpe Power Corp.**  |  |  |
| 3.750% due 08/01/2050  | 10600 | 7409 |
| 4.500% due 04/01/2047  | 35100 | 28745 |
| 5.050% due 10/01/2048  | 28500 | 25220 |
| 5.250% due 09/01/2050  | 25000 | 22318 |
| **Ohio Edison Co.**  |  |  |
| 5.500% due 01/15/2033  | 4000 | 4099 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.875% due 07/15/2036  | 3500 | 3945 |
| 8.250% due 10/15/2038  | 1000 | 1259 |
| **Ohio Power Co.** <br>5.000% due 06/01/2033 | 3600 | 3586 |
| **Oklahoma Gas & Electric Co.** <br>5.850% due 06/01/2040 | 4000 | 4135 |
| **Oncor Electric Delivery Co. LLC**  |  |  |
| 2.700% due 11/15/2051  | 7204 | 4242 |
| 3.100% due 09/15/2049  | 6000 | 3947 |
| 4.100% due 11/15/2048  | 421 | 333 |
| 4.600% due 06/01/2052  | 3000 | 2516 |
| 4.950% due 09/15/2052  | 5444 | 4833 |
| 5.250% due 09/30/2040  | 15100 | 14881 |
| 5.300% due 06/01/2042  | 600 | 574 |
| 7.250% due 01/15/2033  | 1900 | 2171 |
| 7.500% due 09/01/2038  | 2590 | 3119 |
| **ONEOK, Inc.**  |  |  |
| 4.450% due 09/01/2049  | 6000 | 4626 |
| 4.950% due 07/13/2047  | 4900 | 4118 |
| 5.050% due 11/01/2034  | 15000 | 14605 |
| 5.200% due 07/15/2048  | 67423 | 58441 |
| 5.450% due 06/01/2047  | 20500 | 18213 |
| 5.700% due 11/01/2054  | 26490 | 24474 |
| 5.850% due 11/01/2064  | 30000 | 27841 |
| 6.625% due 09/01/2053  | 21800 | 22676 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.500% due 02/01/2031  | 22900 | 19890 |
| 3.150% due 01/01/2026  | 19651 | 19466 |
| 3.250% due 06/01/2031  | 9400 | 8441 |
| 3.300% due 03/15/2027  | 4910 | 4798 |
| 3.300% due 12/01/2027  | 8000 | 7743 |
| 3.300% due 08/01/2040  | 11300 | 8093 |
| 3.500% due 08/01/2050  | 68788 | 44165 |
| 3.750% due 08/15/2042  | 18181 | 12977 |
| 3.950% due 12/01/2047  | 12183 | 8607 |
| 4.000% due 12/01/2046  | 22370 | 16038 |
| 4.200% due 06/01/2041  | 2000 | 1540 |
| 4.250% due 03/15/2046  | 26543 | 19805 |
| 4.300% due 03/15/2045  | 9100 | 6878 |
| 4.500% due 07/01/2040  | 22679 | 18917 |
| 4.500% due 12/15/2041  | 27149 | 21359 |
| 4.600% due 06/15/2043  | 19804 | 15712 |
| 4.650% due 08/01/2028  | 12000 | 11936 |
| 4.750% due 02/15/2044  | 15157 | 12350 |
| 4.950% due 07/01/2050  | 32577 | 26289 |
| 5.250% due 03/01/2052  | 2000 | 1666 |
| 5.700% due 03/01/2035  | 10000 | 9916 |
| 6.000% due 08/15/2035  | 16000 | 16186 |
| 6.150% due 03/01/2055  | 28100 | 26257 |
| 6.700% due 04/01/2053  | 37196 | 37342 |
| **PacifiCorp**  |  |  |
| 2.700% due 09/15/2030  | 1200 | 1098 |
| 2.900% due 06/15/2052  | 23756 | 14084 |
| 3.300% due 03/15/2051  | 17431 | 11346 |
| 4.125% due 01/15/2049  | 6400 | 4908 |
| 4.150% due 02/15/2050  | 5545 | 4218 |
| 5.300% due 02/15/2031  | 3800 | 3916 |
| 5.350% due 12/01/2053  | 27100 | 24389 |
| 5.450% due 02/15/2034  | 11800 | 11974 |
| 5.500% due 05/15/2054  | 15008 | 13820 |
| 5.800% due 01/15/2055  | 15537 | 14885 |
| 6.250% due 10/15/2037  | 10000 | 10575 |
| 7.375% due 09/15/2055 •  | 6500 | 6773 |
| **PECO Energy Co.**  |  |  |
| 2.800% due 06/15/2050  | 6500 | 4088 |
| 4.150% due 10/01/2044  | 8900 | 7437 |
| 4.600% due 05/15/2052  | 9400 | 8070 |
| 4.800% due 10/15/2043  | 1185 | 1064 |
| **Perusahaan Perseroan Persero PT Perusahaan Listrik Negara**  |  |  |
| 4.000% due 06/30/2050  | 14100 | 9940 |
| 4.875% due 07/17/2049  | 11200 | 9119 |
| 6.250% due 01/25/2049  | 1200 | 1186 |
| **PG&E Recovery Funding LLC**  |  |  |
| 5.231% due 06/01/2042  | 5000 | 4972 |
| 5.256% due 01/15/2040  | 5000 | 5039 |
| 5.536% due 07/15/2049  | 8000 | 7798 |
| **Piedmont Natural Gas Co., Inc.**  |  |  |
| 3.350% due 06/01/2050  | 9095 | 6094 |
| 5.050% due 05/15/2052  | 5000 | 4431 |
| 5.100% due 02/15/2035  | 7000 | 7045 |
| **Pinnacle West Capital Corp.** <br>5.214% due 06/10/2026 ~ | 8700 | 8715 |
| **Plains All American Pipeline LP**  |  |  |
| 5.150% due 06/01/2042  | 300 | 268 |
| 5.700% due 09/15/2034  | 14728 | 15023 |
| 6.650% due 01/15/2037  | 2329 | 2515 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.700% due 05/15/2036  | 3073 | 3295 |
| **PPL Electric Utilities Corp.**  |  |  |
| 3.000% due 10/01/2049  | 16700 | 11024 |
| 5.200% due 07/15/2041  | 5500 | 5293 |
| **Progress Energy, Inc.** <br>7.750% due 03/01/2031 | 5000 | 5761 |
| **Public Service Co. of Colorado**  |  |  |
| 3.200% due 03/01/2050  | 10500 | 6997 |
| 3.800% due 06/15/2047  | 5000 | 3740 |
| 3.950% due 03/15/2043  | 1500 | 1173 |
| 4.100% due 06/15/2048  | 8626 | 6679 |
| 4.500% due 06/01/2052  | 4600 | 3767 |
| 5.250% due 04/01/2053  | 13700 | 12609 |
| 5.350% due 05/15/2034  | 16925 | 17175 |
| 5.750% due 05/15/2054  | 9700 | 9554 |
| 5.850% due 05/15/2055  | 21031 | 20842 |
| 6.250% due 09/01/2037  | 700 | 754 |
| **Public Service Co. of New Hampshire** <br>3.600% due 07/01/2049 | 4700 | 3425 |
| **Public Service Co. of Oklahoma**  |  |  |
| 3.150% due 08/15/2051  | 2300 | 1444 |
| 6.625% due 11/15/2037  | 1135 | 1235 |
| **Public Service Electric & Gas Co.** <br>4.850% due 08/01/2034 | 5902 | 5888 |
| **Puget Energy, Inc.** <br>4.100% due 06/15/2030 | 6010 | 5808 |
| **Puget Sound Energy, Inc.**  |  |  |
| 4.223% due 06/15/2048  | 3800 | 3048 |
| 5.448% due 06/01/2053  | 4400 | 4200 |
| 5.764% due 07/15/2040  | 8200 | 8230 |
| **Rio Oil Finance Trust** <br>9.750% due 01/06/2027 | 2780 | 2878 |
| **San Diego Gas & Electric Co.**  |  |  |
| 2.950% due 08/15/2051  | 15400 | 9704 |
| 3.320% due 04/15/2050  | 10305 | 6941 |
| 3.700% due 03/15/2052  | 15130 | 10850 |
| 3.750% due 06/01/2047  | 7550 | 5612 |
| 3.950% due 11/15/2041  | 1968 | 1561 |
| 4.100% due 06/15/2049  | 18761 | 14457 |
| 4.150% due 05/15/2048  | 12140 | 9449 |
| 4.300% due 04/01/2042  | 5097 | 4248 |
| 4.500% due 08/15/2040  | 2600 | 2331 |
| 5.350% due 04/01/2053  | 38086 | 35613 |
| 5.400% due 04/15/2035  | 9900 | 10113 |
| 5.550% due 04/15/2054  | 4500 | 4338 |
| 6.000% due 06/01/2039  | 3357 | 3538 |
| **Saudi Electricity Global Sukuk Co.**  |  |  |
| 5.060% due 04/08/2043  | 22700 | 21217 |
| 5.500% due 04/08/2044  | 27700 | 26993 |
| **SCE Recovery Funding LLC** <br>5.112% due 12/14/2049 | 3000 | 2805 |
| **Sempra**  |  |  |
| 3.250% due 06/15/2027  | 1100 | 1078 |
| 6.000% due 10/15/2039  | 15145 | 15373 |
| **Sierra Pacific Power Co.** <br>5.900% due 03/15/2054 | 4800 | 4818 |
| **Southern California Edison Co.**  |  |  |
| 2.750% due 02/01/2032  | 6800 | 5865 |
| 2.950% due 02/01/2051  | 13000 | 7624 |
| 3.450% due 02/01/2052  | 14000 | 8808 |
| 3.650% due 02/01/2050  | 12765 | 8448 |
| 3.650% due 06/01/2051  | 31200 | 20657 |
| 3.900% due 12/01/2041  | 42994 | 32488 |
| 3.900% due 03/15/2043  | 6655 | 4919 |
| 4.000% due 04/01/2047  | 106850 | 76841 |
| 4.050% due 03/15/2042  | 3834 | 2880 |
| 4.125% due 03/01/2048  | 26468 | 19225 |
| 4.650% due 10/01/2043  | 41350 | 33465 |
| 4.875% due 03/01/2049  | 17583 | 14081 |
| 5.150% due 06/01/2029  | 9890 | 9994 |
| 5.200% due 06/01/2034  | 9400 | 9123 |
| 5.750% due 04/01/2035  | 8073 | 8241 |
| 5.900% due 03/01/2055  | 413 | 378 |
| 6.000% due 01/15/2034  | 5900 | 6054 |
| 6.050% due 03/15/2039  | 12000 | 11999 |
| 6.200% due 09/15/2055  | 17400 | 16678 |
| 6.650% due 04/01/2029  | 6995 | 7348 |
| **Southern California Gas Co.**  |  |  |
| 3.750% due 09/15/2042  | 4900 | 3816 |
| 3.950% due 02/15/2050  | 8127 | 6113 |
| 4.300% due 01/15/2049  | 1942 | 1564 |
| 5.050% due 09/01/2034  | 17850 | 17979 |
| 5.125% due 11/15/2040  | 1300 | 1244 |
| 5.200% due 06/01/2033  | 3500 | 3550 |
| 5.600% due 04/01/2054  | 9785 | 9539 |
| 6.000% due 06/15/2055  | 7100 | 7239 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Southern** **Co. Gas Capital Corp.**  |  |  |
| 4.400% due 05/30/2047  | 15925 | 12996 |
| 5.875% due 03/15/2041  | 7500 | 7680 |
| **Southern Power Co.** <br>5.250% due 07/15/2043 | 1000 | 937 |
| **Southwest Gas Corp.** <br>4.050% due 03/15/2032 | 11261 | 10702 |
| **Southwestern Electric Power Co.**  |  |  |
| 2.750% due 10/01/2026  | 900 | 881 |
| 3.250% due 11/01/2051  | 550 | 356 |
| 3.850% due 02/01/2048  | 20000 | 14597 |
| 5.300% due 04/01/2033  | 7000 | 7069 |
| 6.200% due 03/15/2040  | 14340 | 14970 |
| **Southwestern Public Service Co.**  |  |  |
| 3.150% due 05/01/2050  | 18050 | 11705 |
| 3.700% due 08/15/2047  | 3465 | 2547 |
| 3.750% due 06/15/2049  | 4000 | 2900 |
| 4.500% due 08/15/2041  | 3900 | 3381 |
| 5.150% due 06/01/2052  | 13000 | 11233 |
| 6.000% due 10/01/2036  | 2000 | 2078 |
| 6.000% due 06/01/2054  | 13170 | 13298 |
| **SW Finance PLC** <br>7.000% due 04/16/2040 | 19300 | 25333 |
| **System Energy Resources, Inc.**  |  |  |
| 5.300% due 12/15/2034  | $4100 | 4054 |
| 6.000% due 04/15/2028  | 5000 | 5207 |
| **Tampa Electric Co.** <br>4.450% due 06/15/2049 | 18500 | 15278 |
| **Targa Resources Partners LP** <br>4.875% due 02/01/2031 | 12800 | 12704 |
| **Toledo Edison Co.**  |  |  |
| 2.650% due 05/01/2028  | 16667 | 15630 |
| 6.150% due 05/15/2037  | 4900 | 5315 |
| **Union Electric Co.**  |  |  |
| 3.900% due 04/01/2052  | 31000 | 23692 |
| 5.125% due 03/15/2055  | 8300 | 7685 |
| 5.450% due 03/15/2053  | 15600 | 15098 |
| **Verizon Communications, Inc.**  |  |  |
| 2.987% due 10/30/2056  | 29357 | 17685 |
| 3.000% due 11/20/2060  | 500 | 295 |
| 3.400% due 03/22/2041 (l)  | 9422 | 7272 |
| 3.700% due 03/22/2061  | 1400 | 967 |
| 3.850% due 11/01/2042  | 14860 | 11911 |
| 3.875% due 03/01/2052 (l)  | 29380 | 21880 |
| 4.862% due 08/21/2046  | 6470 | 5780 |
| 5.050% due 05/09/2033  | 65 | 66 |
| 5.500% due 02/23/2054  | 1602 | 1549 |
| **Virginia Electric & Power Co.**  |  |  |
| 3.800% due 09/15/2047  | 12700 | 9547 |
| 4.000% due 11/15/2046  | 10600 | 8261 |
| 4.600% due 12/01/2048  | 4744 | 4027 |
| 5.350% due 01/15/2054  | 5600 | 5268 |
| 5.450% due 04/01/2053  | 10600 | 10081 |
| 6.000% due 05/15/2037  | 400 | 421 |
| **Vistra Operations Co. LLC**  |  |  |
| 5.700% due 12/30/2034  | 3000 | 3057 |
| 6.000% due 04/15/2034  | 4100 | 4261 |
| 6.950% due 10/15/2033  | 5067 | 5569 |
| **Vodafone Group PLC**  |  |  |
| 4.875% due 06/19/2049  | 25855 | 22266 |
| 5.125% due 06/19/2059  | 22200 | 19410 |
| 5.750% due 06/28/2054  | 18873 | 18095 |
| 5.875% due 06/28/2064  | 17754 | 17082 |
| 6.250% due 11/30/2032  | 2650 | 2870 |
| 7.000% due 04/04/2079 •  | 5700 | 5956 |
| **Wisconsin Public Service Corp.**  |  |  |
| 2.850% due 12/01/2051  | 28000 | 17200 |
| 3.300% due 09/01/2049  | 3100 | 2121 |
| **Xcel Energy, Inc.**  |  |  |
| 4.600% due 06/01/2032  | 9171 | 8975 |
| 5.450% due 08/15/2033  | 10000 | 10207 |
| 6.500% due 07/01/2036  | 6900 | 7406 |
|  |  | 4295248 |
| Total Corporate Bonds & Notes (Cost $22,409,453) |  | 20186201 |
| **MUNICIPAL BONDS & NOTES 2.3%**  |  |  |
| **CALIFORNIA 0.8%**  |  |  |
| **Alameda County, California Joint Powers Authority Revenue Bonds, (BABs), Series 2010** <br>7.046% due 12/01/2044 | 7000 | 7878 |
| **Bay Area Toll Authority, California Revenue Bonds, (BABs), Series 2009** <br>6.263% due 04/01/2049 | 4800 | 5054 |
| **Bay Area Toll Authority, California Revenue Bonds, (BABs), Series 2010**  |  |  |
| 6.907% due 10/01/2050  | 28895 | 32466 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 7.043% due 04/01/2050  | 15775 | 17901 |
| **California Infrastructure & Economic Development Bank Revenue Bonds, (BABs), Series 2010** <br>6.486% due 05/15/2049 | 4500 | 4767 |
| **California State General Obligation Bonds, (BABs), (AGM/CR Insured), Series 2010** <br>6.875% due 11/01/2026 | 2550 | 2637 |
| **California State General Obligation Bonds, (BABs), Series 2009**  |  |  |
| 7.500% due 04/01/2034  | 4840 | 5620 |
| 7.550% due 04/01/2039  | 3607 | 4327 |
| **California State General Obligation Bonds, (BABs), Series 2010** <br>7.625% due 03/01/2040 | 7575 | 9075 |
| **California State Public Works Board Revenue Bonds, (BABs), Series 2010** <br>7.804% due 03/01/2035 | 9010 | 10144 |
| **California State University Revenue Bonds, (BABs), Series 2010** <br>6.484% due 11/01/2041 | 2000 | 2124 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021**  |  |  |
| 3.000% due 06/01/2046  | 690 | 606 |
| 3.714% due 06/01/2041  | 13800 | 10566 |
| **Irvine Ranch Water District, California Special Assessment Bonds, (BABs), Series 2010** <br>6.622% due 05/01/2040 | 2410 | 2588 |
| **Los Angeles County, California Public Works Financing Authority Revenue Bonds, (BABs), Series 2010**  |  |  |
| 7.488% due 08/01/2033  | 14200 | 15566 |
| 7.618% due 08/01/2040  | 5200 | 6120 |
| **Napa Valley Unified School District, California General Obligation Bonds, (BABs), Series 2010** <br>6.507% due 08/01/2043 | 2000 | 2151 |
| **Newport Beach, California Certificates of Participation Bonds, (BABs), Series 2010** <br>7.168% due 07/01/2040 | 890 | 993 |
| **Northern California Power Agency Revenue Bonds, (BABs), Series 2010** <br>7.311% due 06/01/2040 | 500 | 551 |
| **Regents of the University of California Medical Center Pooled Revenue Bonds, (BABs), Series 2009** <br>6.583% due 05/15/2049 | 4305 | 4594 |
| **Regents of the University of California Medical Center Pooled Revenue Bonds, (BABs), Series 2010** <br>6.548% due 05/15/2048 | 25100 | 26764 |
| **Riverside County, California Revenue Bonds, Series 2020** <br>3.818% due 02/15/2038 | 2500 | 2301 |
| **San Diego County, California Water Authority Revenue Bonds, (BABs), Series 2010** <br>6.138% due 05/01/2049 | 1795 | 1843 |
| **University of California Revenue Bonds, Series 2012** <br>4.858% due 05/15/2112 | 27844 | 23131 |
| **University of California Revenue Bonds, Series 2015** <br>4.767% due 05/15/2115 | 7803 | 6371 |
|  |  | 206138 |
| **GEORGIA 0.2%**  |  |  |
| **Municipal Electric Authority of Georgia Revenue Bonds, (BABs), Series 2010**  |  |  |
| 6.637% due 04/01/2057  | 2212 | 2391 |
| 6.655% due 04/01/2057  | 40737 | 43523 |
|  |  | 45914 |
| **ILLINOIS 0.1%**  |  |  |
| **Chicago Transit Authority, Illinois Revenue Bonds, (BABs), Series 2010** <br>6.200% due 12/01/2040 | 900 | 930 |
| **Chicago Transit Authority, Illinois Revenue Bonds, Series 2008** <br>6.899% due 12/01/2040 | 14975 | 16598 |
| **Illinois Municipal Electric Agency Revenue Bonds, (BABs), Series 2009** <br>6.832% due 02/01/2035 | 2430 | 2641 |
| **Wheaton College, Illinois Revenue Bonds, Series 2004** <br>6.090% due 10/01/2034 | 5000 | 5337 |
|  |  | 25506 |
| **INDIANA 0.0%**  |  |  |
| **Indiana Finance Authority Revenue Bonds, (BABs), Series 2009** <br>6.596% due 02/01/2039 | 1750 | 1922 |
| **MASSACHUSETTS 0.0%**  |  |  |
| **Massachusetts Port Authority Revenue Bonds, Series 2011** <br>6.202% due 07/01/2031 | 2670 | 2789 |
| **MICHIGAN 0.1%**  |  |  |
| **Michigan State University Revenue Bonds, Series 2022** <br>4.165% due 08/15/2122 | 16800 | 12112 |
| **University of Michigan Revenue Bonds, Series 2020**  |  |  |
| 2.437% due 04/01/2040  | 15000 | 11145 |
| 2.562% due 04/01/2050  | 7000 | 4329 |
| **University of Michigan Revenue Bonds, Series 2022** <br>4.454% due 04/01/2122 | 7400 | 5814 |
|  |  | 33400 |
| **NEVADA 0.0%**  |  |  |
| **Reno, Nevada Revenue Bonds, (NPFGC Insured), Series 2005** <br>0.000% due 06/01/2036 (e) | 6375 | 3662 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **NEW JERSEY 0.0%**  |  |  |
| **New Jersey Turnpike Authority Revenue Bonds, (BABs), Series 2010** <br>7.102% due 01/01/2041 | 920 | 1055 |
| **NEW MEXICO 0.0%**  |  |  |
| **New Mexico Hospital Equipment Loan Council Revenue Bonds, Series 2017** <br>4.406% due 08/01/2046 | 6100 | 5273 |
| **NEW YORK 0.3%**  |  |  |
| **New York City, New York Industrial Development Agency Revenue Bonds, (AGM Insured), Series 2006** <br>6.027% due 01/01/2046 | 460 | 445 |
| **New York State Dormitory Authority Revenue Bonds, (BABs), Series 2009** <br>5.427% due 03/15/2039 | 1140 | 1155 |
| **New York State Dormitory Authority Revenue Bonds, (BABs), Series 2010**  |  |  |
| 5.289% due 03/15/2033  | 452 | 458 |
| 5.389% due 03/15/2040  | 200 | 200 |
| **New York State Dormitory Authority Revenue Bonds, Series 2010** <br>5.051% due 09/15/2027 | 2735 | 2788 |
| **New York State Urban Development Corp. Revenue Bonds, (BABs), Series 2009** <br>5.770% due 03/15/2039 | 7370 | 7608 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2010** <br>5.647% due 11/01/2040 | 500 | 521 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2011** <br>4.926% due 10/01/2051 | 200 | 185 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2012** <br>4.458% due 10/01/2062 | 84130 | 70709 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2014** <br>5.310% due 08/01/2046 | 2800 | 2727 |
|  |  | 86796 |
| **OHIO 0.3%**  |  |  |
| **American Municipal Power, Inc., Ohio Revenue Bonds, (BABs),Series 2009** <br>6.449% due 02/15/2044 | 1000 | 1060 |
| **American Municipal Power, Inc., Ohio Revenue Bonds, Series 2010**  |  |  |
| 7.334% due 02/15/2028  | 890 | 930 |
| 7.734% due 02/15/2033  | 7325 | 8529 |
| 8.084% due 02/15/2050  | 40725 | 51709 |
| **Ohio State University Revenue Bonds, Series 2011** <br>4.800% due 06/01/2111 | 67 | 56 |
|  |  | 62284 |
| **PENNSYLVANIA 0.1%**  |  |  |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, (BABs), Series 2010** <br>6.532% due 06/15/2039 | 11500 | 12300 |
| **TEXAS 0.4%**  |  |  |
| **Dallas Convention Center Hotel Development Corp. Texas Revenue Bonds, (BABs), Series 2009** <br>7.088% due 01/01/2042 | 14000 | 15483 |
| **Dallas, Texas General Obligation Bonds, Series 2005**  |  |  |
| 0.000% due 02/15/2033 (e)  | 19795 | 13859 |
| 0.000% due 02/15/2035 (e)  | 8205 | 5117 |
| **Texas Natural Gas Securitization Finance Corp. Series 2023**  |  |  |
| 5.102% due 04/01/2035  | 22067 | 22582 |
| 5.169% due 04/01/2041  | 25300 | 25577 |
| **Texas Transportation Commission State Highway Fund Revenue Bonds, (BABs), Series 2010** <br>5.178% due 04/01/2030 | 16000 | 16314 |
| **University of Texas System Revenue Bonds, Series 2020** <br>2.439% due 08/15/2049 | 8700 | 5210 |
|  |  | 104142 |
| **VIRGINIA 0.0%**  |  |  |
| **University of Virginia Revenue Bonds, (BABs), Series 2009** <br>6.200% due 09/01/2039 | 1245 | 1358 |
| **WISCONSIN 0.0%**  |  |  |
| **Milwaukee Redevelopment Authority, Wisconsin Revenue Bonds, (NPFGC Insured), Series 2003**  |  |  |
| 0.000% due 04/01/2036 (e)  | 1900 | 1077 |
| 0.000% due 04/01/2037 (e)  | 2150 | 1140 |
| 0.000% due 04/01/2038 (e)  | 2800 | 1389 |
| 0.000% due 04/01/2039 (e)  | 2500 | 1160 |
|  |  | 4766 |
| Total Municipal Bonds & Notes (Cost $627,863) |  | 597305 |
| **U.S. GOVERNMENT AGENCIES 16.5%**  |  |  |
| **Freddie Mac**  |  |  |
| 4.306% due 10/25/2052 ~ | 18123 | 15046 |
| 4.550% due 08/15/2032 ~ | 1 | 1 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Ginnie** **Mae**  |  |  |
| 4.500% due 09/15/2033 | 3 | 3 |
| 8.500% due 09/15/2030 | 2 | 2 |
| **Ginnie Mae, TBA**  |  |  |
| 3.500% due 07/01/2055 | 102200 | 92927 |
| 4.000% due 08/01/2055 | 171300 | 159264 |
| 4.500% due 07/01/2055 - 08/01/2055 | 116600 | 111592 |
| 5.000% due 07/01/2055 - 08/01/2055 | 123400 | 121192 |
| 6.000% due 07/01/2055 - 08/01/2055 | 47800 | 48465 |
| **Uniform Mortgage-Backed Security**  |  |  |
| 3.500% due 12/01/2042 - 04/01/2049 | 6041 | 5558 |
| 4.000% due 10/01/2040 - 08/01/2049 | 566 | 535 |
| 5.500% due 08/01/2054 - 01/01/2055 | 38266 | 38288 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 07/01/2055 - 08/01/2055 | 192090 | 166222 |
| 4.000% due 07/01/2055 - 08/01/2055 | 1400731 | 1302383 |
| 4.500% due 07/01/2055 - 08/01/2055 | 1260638 | 1205454 |
| 5.000% due 07/01/2055 - 08/01/2055 | 1066481 | 1044675 |
| 5.500% due 08/01/2055 | 363 | 362 |
| Total U.S. Government Agencies (Cost $4,252,867) |  | 4311969 |
| **U.S. TREASURY OBLIGATIONS 20.9%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.875% due 02/15/2051 | 221800 | 124658 |
| 2.000% due 02/15/2050 (n)(p) | 14100 | 8285 |
| 2.250% due 02/15/2052 | 84300 | 51518 |
| 2.375% due 02/15/2042 (l)(n) | 629200 | 457940 |
| 2.500% due 02/15/2045 (l)(n) | 498818 | 351316 |
| 2.500% due 02/15/2046 (n)(p) | 185185 | 128385 |
| 2.500% due 05/15/2046 (n)(p) | 189000 | 130602 |
| 2.750% due 11/15/2042 (n)(p) | 100000 | 76207 |
| 2.750% due 08/15/2047 (l)(n) | 216500 | 154408 |
| 2.750% due 11/15/2047 (n) | 100512 | 71505 |
| 2.875% due 08/15/2045 (n) | 170392 | 127455 |
| 2.875% due 05/15/2049 (l)(n) | 633400 | 454885 |
| 2.875% due 05/15/2052 (n)(p) | 79743 | 56144 |
| 3.000% due 02/15/2048 (n)(p) | 17600 | 13082 |
| 3.000% due 08/15/2048 (n) | 207264 | 153351 |
| 3.000% due 02/15/2049 | 151900 | 111967 |
| 3.125% due 02/15/2043 (l)(n)(p) | 321900 | 258966 |
| 3.125% due 05/15/2048 (n)(p) | 91885 | 69743 |
| 3.250% due 05/15/2042 (n)(p) | 156686 | 129676 |
| 3.375% due 08/15/2042 (l)(n)(p) | 122000 | 102437 |
| 3.375% due 11/15/2048 (n)(p) | 57500 | 45504 |
| 3.875% due 02/15/2043 (l)(n)(p) | 128300 | 114889 |
| 3.875% due 05/15/2043 (l)(n) | 301200 | 269127 |
| 4.000% due 11/15/2052 (l)(n) | 210654 | 184298 |
| 4.250% due 02/15/2054 (l)(n) | 189500 | 172919 |
| 4.250% due 08/15/2054 (l) | 138500 | 126522 |
| 4.500% due 11/15/2054 (l)(n)(p) | 502600 | 479119 |
| 4.625% due 11/15/2044 (l) | 96900 | 94886 |
| 4.625% due 05/15/2054 (l) | 351800 | 341796 |
| 4.625% due 02/15/2055 (l) | 539600 | 525435 |
| 4.750% due 02/15/2045 (l) | 18800 | 18706 |
| **U.S. Treasury STRIPS**  |  |  |
| 0.000% due 11/15/2041 (a) | 35800 | 16041 |
| 0.000% due 02/15/2042 (a)(n) | 17670 | 7798 |
| 0.000% due 05/15/2042 (a) | 21000 | 9129 |
| 0.000% due 11/15/2042 (a) | 26900 | 11371 |
| Total U.S. Treasury Obligations (Cost $6,306,640) |  | 5450070 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.4%**  |  |  |
| **1166 Avenue of the Americas Commercial Mortgage Trust** <br>5.690% due 10/13/2037 | 20220 | 17959 |
| **BANK** <br>2.283% due 09/15/2064 | 7400 | 6880 |
| **BIG Commercial Mortgage Trust** <br>5.654% due 02/15/2039 •  | 5013 | 5003 |
| **BX Commercial Mortgage Trust** <br>5.325% due 02/15/2039 •  | 8158 | 8158 |
| **COLT Mortgage Loan Trust** <br>6.790% due 12/25/2067 þ | 6157 | 6171 |
| **Countrywide Home Loan Mortgage Pass-Through Trust** <br>5.094% due 02/25/2035 •  | 7 | 7 |
| **Credit Suisse Mortgage Capital Mortgage-Backed Trust** <br>5.826% due 07/15/2038 •  | 3000 | 2707 |
| **DC Commercial Mortgage Trust** <br>6.314% due 09/12/2040 | 2000 | 2088 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 2.287% due 03/05/2042  | 6910 | 6382 |
| 4.248% due 07/05/2033  | 6100 | 5796 |
| 5.158% due 04/15/2037 •  | 976 | 966 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 5.381% due 01/25/2029 •  | 10 | 10 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.539% due 03/25/2028 •  | 2 | 2 |
| **Natixis Commercial Mortgage Securities Trust** <br>3.821% due 02/15/2039 | 9900 | 9234 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 11/25/2059 ~  | 7297 | 6997 |
| 6.864% due 10/25/2063  | 5001 | 5055 |
| **One New York Plaza Trust** <br>5.376% due 01/15/2036 •  | 8000 | 7782 |
| **OPEN Trust** <br>7.401% due 11/15/2040 •  | 2316 | 2322 |
| **PRKCM Trust** <br>7.225% due 11/25/2058 þ | 940 | 954 |
| **Structured Adjustable Rate Mortgage Loan Trust** <br>5.288% due 09/25/2034 ~ | 69 | 68 |
| **Towd Point Mortgage Trust** <br>5.434% due 05/25/2058 •  | 799 | 818 |
| **VASA Trust** <br>5.326% due 07/15/2039 •  | 1000 | 973 |
| Total Non-Agency Mortgage-Backed Securities (Cost $100,221) |  | 96332 |
| **ASSET-BACKED SECURITIES 0.6%**  |  |  |
| **CMBS OTHER 0.1%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.776% due 11/15/2036 •  | 9329 | 9352 |
| **LoanCore Issuer Ltd.** <br>5.726% due 07/15/2036 •  | 877 | 877 |
| **MF1 LLC** <br>6.055% due 03/19/2039 •  | 1000 | 1004 |
| **MF1 Ltd.** <br>5.509% due 10/16/2036 •  | 5973 | 5973 |
| **PFP Ltd.** <br>6.144% due 09/17/2039 •  | 4230 | 4246 |
|  |  | 21452 |
| **HOME EQUITY OTHER 0.0%**  |  |  |
| **Finance America Mortgage Loan Trust** <br>5.304% due 11/25/2034 •  | 3238 | 3251 |
| **Morgan Stanley ABS Capital, Inc. Trust** <br>5.289% due 03/25/2034 •  | 1986 | 2027 |
| **Soundview Home Loan Trust** <br>4.894% due 06/25/2036 •  | 4468 | 4323 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>6.434% due 08/25/2037 •  | 11 | 11 |
|  |  | 9612 |
| **HOME EQUITY SEQUENTIAL 0.0%**  |  |  |
| **RBSSP Resecuritization Trust** <br>4.599% due 11/26/2036 •  | 25 | 25 |
| **OTHER ABS 0.5%**  |  |  |
| **AIM Aviation Finance Ltd.** <br>6.213% due 02/15/2040 þ | 4919 | 4698 |
| **Allegro CLO Ltd.** <br>5.519% due 01/19/2033 •  | 1000 | 1001 |
| **Ares CLO Ltd.** <br>5.600% due 04/17/2033 •  | 17100 | 17155 |
| **Atlas Senior Loan Fund Ltd.** <br>5.499% due 10/23/2032 •  | 5622 | 5630 |
| **BlueMountain CLO Ltd.** <br>5.472% due 10/25/2030 •  | 7752 | 7757 |
| **Dryden Senior Loan Fund** <br>5.419% due 10/19/2029 •  | 4688 | 4691 |
| **KDAC Aviation Finance Ltd.** <br>4.212% due 12/15/2042 | 1919 | 1869 |
| **KKR CLO Ltd.** <br>5.698% due 01/15/2031 •  | 2317 | 2320 |
| **Labrador Aviation Finance Ltd.** <br>4.300% due 01/15/2042 | 9281 | 9026 |
| **LCM Ltd.** <br>5.551% due 04/20/2031 •  | 1297 | 1299 |
| **Madison Park Funding Ltd.** <br>5.521% due 04/20/2032 •  | 1524 | 1527 |
| **MAPS Ltd.** <br>4.212% due 05/15/2043 | 1212 | 1210 |
| **Marble Point CLO Ltd.** <br>5.469% due 01/20/2032 •  | 7182 | 7182 |
| **METAL LLC** <br>4.581% due 10/15/2042 | 9856 | 6555 |
| **Octagon Investment Partners Ltd.** <br>5.419% due 10/20/2030 •  | 4058 | 4062 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Pikes** **Peak CLO**  |  |  |
| 5.466% due 07/15/2034 •  | 3000 | 3002 |
| 5.489% due 10/11/2034 •  | 3000 | 3003 |
| **Sapphire Aviation Finance Ltd.** <br>4.250% due 03/15/2040 | 212 | 212 |
| **Start Ltd.** <br>4.089% due 03/15/2044 | 2934 | 2906 |
| **Symphony CLO Ltd.** <br>5.479% due 01/23/2032 •  | 3192 | 3194 |
| **TIAA CLO Ltd.** <br>5.409% due 01/20/2032 •  | 1648 | 1650 |
| **Trinitas CLO Ltd.** <br>5.652% due 04/25/2033 •  | 4900 | 4907 |
| **Venture CLO Ltd.**  |  |  |
| 5.664% due 04/20/2032 •  | 5505 | 5510 |
| 5.778% due 01/15/2032 •  | 1826 | 1828 |
| **Vertical Bridge Holdings LLC**  |  |  |
| 2.636% due 09/15/2050  | 25000 | 24858 |
| 3.706% due 02/15/2057  | 7100 | 6321 |
| **Voya CLO Ltd.**  |  |  |
| 5.469% due 07/20/2032 •  | 3885 | 3887 |
| 5.621% due 10/17/2032 •  | 1956 | 1958 |
| **Wind River CLO Ltd.** <br>5.581% due 07/18/2031 •  | 185 | 186 |
|  |  | 139404 |
| Total Asset-Backed Securities (Cost $174,607) |  | 170493 |
| **SOVEREIGN ISSUES 3.9%**  |  |  |
| **Brazil Government International Bond** <br>5.000% due 01/27/2045 | 46630 | 35561 |
| **Cassa Depositi e Prestiti SpA** <br>5.875% due 04/30/2029 | 11500 | 12038 |
| **Chile Government International Bond** <br>4.000% due 01/31/2052 | 3200 | 2473 |
| **Colombia Government International Bond** <br>6.125% due 01/18/2041 | 200 | 163 |
| **Emirate of Abu Dhabi Government International Bond**  |  |  |
| 2.700% due 09/02/2070  | 37100 | 20060 |
| 3.125% due 04/16/2030  | 13700 | 13132 |
| 3.125% due 09/30/2049  | 5200 | 3552 |
| 3.875% due 04/16/2050  | 12600 | 9826 |
| **Israel Government International Bond**  |  |  |
| 3.800% due 05/13/2060  | 2100 | 1371 |
| 3.875% due 07/03/2050  | 18000 | 12679 |
| 4.125% due 01/17/2048  | 13300 | 10067 |
| 4.500% due 04/03/2120  | 4600 | 3267 |
| 5.375% due 03/12/2029  | 5000 | 5106 |
| 5.375% due 02/19/2030 (l)  | 17400 | 17754 |
| 5.500% due 03/12/2034  | 5000 | 5070 |
| 5.750% due 03/12/2054  | 20000 | 18550 |
| **Mexican Udibonos**  |  |  |
| 2.750% due 11/27/2031 (g)  | 857820 | 40516 |
| 3.000% due 12/03/2026 (g)  | 130913 | 6833 |
| 4.000% due 11/30/2028 (g)  | 603730 | 31544 |
| 4.000% due 08/24/2034 (g)  | 238024 | 11802 |
| **Mexico Government International Bond**  |  |  |
| 3.771% due 05/24/2061  | $59442 | 35257 |
| 6.338% due 05/04/2053  | 1564 | 1439 |
| 6.400% due 05/07/2054  | 25000 | 23075 |
| 6.875% due 05/13/2037  | 8200 | 8573 |
| 7.375% due 05/13/2055  | 3100 | 3208 |
| **Peru Government International Bond**  |  |  |
| 5.350% due 08/12/2040  | 2700 | 655 |
| 5.375% due 02/08/2035  | $1800 | 1801 |
| 5.400% due 08/12/2034  | 386400 | 103255 |
| 5.875% due 08/08/2054  | $1400 | 1354 |
| 6.150% due 08/12/2032  | 121496 | 35477 |
| 6.900% due 08/12/2037  | 3900 | 1122 |
| 6.950% due 08/12/2031  | 88832 | 27267 |
| 7.300% due 08/12/2033  | 192055 | 59158 |
| **Qatar Government International Bond**  |  |  |
| 4.400% due 04/16/2050  | $6800 | 5758 |
| 5.103% due 04/23/2048  | 28900 | 27287 |
| **Republic of Poland Government International Bond** <br>5.500% due 04/04/2053 (l) | 12600 | 11756 |
| **Republic of South Africa Government International Bond**  |  |  |
| 4.850% due 09/30/2029  | 7300 | 7046 |
| 5.750% due 09/30/2049  | 38900 | 29328 |
| **Romania Government International Bond**  |  |  |
| 1.750% due 07/13/2030  | 9100 | 9218 |
| 2.875% due 04/13/2042  | 9100 | 6687 |
| 3.750% due 02/07/2034  | 2900 | 2922 |
| 5.250% due 03/10/2030  | 12700 | 15293 |
| 5.250% due 05/30/2032  | 8700 | 10099 |
| 5.625% due 02/22/2036 (l)  | 4900 | 5501 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.625% due 05/30/2037  | 9700 | 10770 |
| **Saudi Government International Bond**  |  |  |
| 3.375% due 03/05/2032  | 5000 | 5871 |
| 3.450% due 02/02/2061  | $13100 | 8140 |
| 3.750% due 03/05/2037 (l)  | 7100 | 8156 |
| 4.500% due 10/26/2046  | $47700 | 39355 |
| 4.625% due 10/04/2047  | 14800 | 12372 |
| 5.000% due 04/17/2049  | 15000 | 13085 |
| 5.000% due 01/18/2053  | 25000 | 21340 |
| 5.125% due 01/13/2028  | 20000 | 20339 |
| 5.375% due 01/13/2031  | 20000 | 20756 |
| 5.750% due 01/16/2054  | 34400 | 32825 |
| **Ukraine Government International Bond**  |  |  |
| 0.000% due 02/01/2030 (f)  | 25 | 12 |
| 0.000% due 02/01/2034 (f)  | 93 | 36 |
| 0.000% due 02/01/2035 (f)  | 79 | 37 |
| 0.000% due 02/01/2036 (f)  | 65 | 31 |
| 1.750% due 02/01/2034  | 137 | 71 |
| 1.750% due 02/01/2035  | 182 | 93 |
| 1.750% due 02/01/2036  | 137 | 68 |
| **United Kingdom Gilt** <br>4.375% due 07/31/2054 | 101327 | 120559 |
| Total Sovereign Issues (Cost $1,091,158) |  | 1007816 |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **FINANCIALS 0.0%**  |  |  |
| **MNSN Holdings, Inc. «(c)(k)** | 14866 | 60 |
| **INDUSTRIALS 0.0%**  |  |  |
| **Foresea Holdings SA «** | 179471 | 3679 |
| Total Common Stocks (Cost $3,878) |  | 3739 |
| **CONVERTIBLE PREFERRED SECURITIES 0.1%**  |  |  |
| **BANKING & FINANCE 0.1%**  |  |  |
| **Wells Fargo & Co.**<br>7.500% | 20200 | 23717 |
| Total Convertible Preferred Securities (Cost $24,500) |  | 23717 |
| **PREFERRED SECURITIES 2.7%**  |  |  |
| **BANKING & FINANCE 2.6%**  |  |  |
| **American Express Co.**<br>3.550% due 09/15/2026 •(h) | 6400000 | 6262 |
| **Banco Santander SA**<br>8.000% due 02/01/2034 •(h)(i) | 15000000 | 15883 |
| **Bank of America Corp.**<br>5.875% due 03/15/2028 •(h) | 93500000 | 95010 |
| **Capital One Financial Corp.**<br>3.950% due 09/01/2026 •(h) | 5700000 | 5568 |
| **Charles Schwab Corp.**  |  |  |
| 4.000% due 06/01/2026 •(h) | 11000000 | 10842 |
| 4.000% due 12/01/2030 •(h) | 57000000 | 52882 |
| 5.000% due 12/01/2027 •(h) | 8150000 | 7991 |
| **Citigroup, Inc.**  |  |  |
| 3.875% due 02/18/2026 •(h) | 40000000 | 39516 |
| 4.000% due 12/10/2025 •(h) | 3000000 | 2981 |
| 6.950% due 02/15/2030 •(h) | 26469000 | 27046 |
| 7.000% due 08/15/2034 •(h) | 17100000 | 17979 |
| 7.125% due 08/15/2029 •(h) | 9000000 | 9286 |
| 7.200% due 05/15/2029 •(h) | 9400000 | 9737 |
| 7.625% due 11/15/2028 •(h) | 5100000 | 5372 |
| **CoBank ACB**  |  |  |
| 4.250% due 01/01/2027 •(h) | 12600000 | 12174 |
| 6.450% due 10/01/2027 •(h) | 15000000 | 15141 |
| 7.125% due 01/01/2030 •(h) | 15000000 | 15379 |
| **Depository Trust & Clearing Corp.**<br>3.375% due 06/20/2026 •(h) | 8500000 | 8245 |
| **Farm Credit Bank of Texas**<br>7.750% due 06/15/2029 •(h) | 4000000 | 4164 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 3.650% due 08/10/2026 •(h) | 21900000 | 21465 |
| 6.125% due 11/10/2034 •(h) | 32000000 | 31995 |
| 6.850% due 02/10/2030 •(h) | 15000000 | 15512 |
| 7.500% due 02/10/2029 •(h) | 3500000 | 3720 |
| 7.500% due 05/10/2029 •(h) | 10000000 | 10545 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **JPMorgan** **Chase & Co.**  |  |  |
| 3.650% due 06/01/2026 •(h) | 26000000 | 25619 |
| 4.625% due 06/01/2026 (h) | 829000 | 16207 |
| 6.500% due 04/01/2030 •(h) | 41000000 | 42337 |
| 6.875% due 06/01/2029 •(h) | 18050000 | 19079 |
| 7.036% due 10/01/2025 ~(h) | 12700000 | 12784 |
| **MetLife Capital Trust**<br>8.252% due 12/15/2067 | 23640000 | 25974 |
| **Morgan Stanley**<br>6.500% due 10/15/2027 (h) | 618300 | 15909 |
| **Nationwide Building Society**<br>10.250% ~ | 3993 | 713 |
| **PNC Financial Services Group, Inc.**  |  |  |
| 3.400% due 09/15/2026 •(h) | 2700000 | 2614 |
| 6.250% due 03/15/2030 •(h) | 1100000 | 1135 |
| **State Street Corp.**<br>6.700% due 03/15/2029 •(h) | 11900000 | 12414 |
| **U.S. Bancorp**<br>5.300% due 04/15/2027 •(h) | 13555000 | 13571 |
| **Wells Fargo & Co.**  |  |  |
| 3.900% due 03/15/2026 •(h) | 26874000 | 26654 |
| 6.850% due 09/15/2029 •(h) | 20000000 | 20986 |
|  |  | 680691 |
| **INDUSTRIALS 0.1%**  |  |  |
| **SVB Financial Trust**  |  |  |
| 0.000% due 11/07/2032 (e) | 516000 | 10 |
| 11.000% due 11/07/2032 | 16945 | 8981 |
|  |  | 8991 |
| **UTILITIES 0.0%**  |  |  |
| **Sempra**<br>4.875% due 10/15/2025 •(h) | 7450000 | 7431 |
| Total Preferred Securities (Cost $717,806) |  | 697113 |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **MUTUAL FUNDS 0.1%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 4.380% (j) | 13197684 | 13198 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **U.S. TREASURY BILLS 0.0%**  |  |  |
| 4.343% due 08/07/2025 - 09/16/2025 (d)(e)(p) | $2716 | 2696 |
| Total Short-Term Instruments (Cost $15,894) |  | 15894 |
| Total Investments in Securities (Cost $35,796,265) |  | 32631333 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 3.4%**  |  |  |
| **SHORT-TERM INSTRUMENTS 3.4%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 3.4%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 90934976 | 885434 |
| Total Short-Term Instruments (Cost $885,435) |  | 885434 |
| Total Investments in Affiliates (Cost $885,435) |  | 885434 |
| Total Investments 128.7% (Cost $36,681,700) |  | $33516767 |
| **Financial Derivative Instruments (m)(o) 0.0**%(Cost or Premiums, net $491,067) |  | 794 |
| Other Assets and Liabilities, net (28.7)% |  | (7468073) |
| Net Assets 100.0% |  | $26049488 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 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:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(d)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(e)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(f)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(g)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(h)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(i)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(j)** | **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.** |
| **(k)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Constellation Pharmaceutical, Inc. 5.550% due 07/01/2033 | Constellation Pharmaceutical, Inc. 5.550% due 07/01/2033 | 01/16/2025 | 01/16/2025 | $9909 | 9909 | $10061 | 10061 | 0.04 |
| Credit Opportunities Partners LLC 6.520% due 03/20/2028 | Credit Opportunities Partners LLC 6.520% due 03/20/2028 | 03/20/2025 | 03/20/2025 | 6900 | 6900 | 6946 | 6946 | 0.03 |
| Credit Opportunities Partners LLC 6.740% due 03/20/2030 | Credit Opportunities Partners LLC 6.740% due 03/20/2030 | 02/20/2025 | 02/20/2025 | 8200 | 8200 | 8290 | 8290 | 0.03 |
| Hardwood Funding LLC 4.840% due 06/07/2028 | Hardwood Funding LLC 4.840% due 06/07/2028 | 03/11/2025 | 03/11/2025 | 2600 | 2600 | 2615 | 2615 | 0.01 |
| Hardwood Funding LLC 4.980% due 06/07/2030 | Hardwood Funding LLC 4.980% due 06/07/2030 | 03/11/2025 | 03/11/2025 | 1700 | 1700 | 1717 | 1717 | 0.01 |
| Hardwood Funding LLC 5.160% due 06/07/2032 | Hardwood Funding LLC 5.160% due 06/07/2032 | 03/11/2025 | 03/11/2025 | 4200 | 4200 | 4250 | 4250 | 0.02 |
| MNSN Holdings, Inc. | MNSN Holdings, Inc. | 04/26/2022 | 04/26/2022 | 289 | 289 | 60 | 60 | 0.00 |
| Morgan Stanley 0.000% due 04/02/2032 | Morgan Stanley 0.000% due 04/02/2032 | 02/11/2020 - 08/23/2021 | 02/11/2020 - 08/23/2021 | 55277 | 55277 | 43107 | 43107 | 0.17 |
| National Football League 5.580% due 10/05/2033 | National Football League 5.580% due 10/05/2033 | 03/14/2024 | 03/14/2024 | 10000 | 10000 | 10105 | 10105 | 0.04 |
| National Football League 5.680% due 10/05/2035 | National Football League 5.680% due 10/05/2035 | 03/14/2024 | 03/14/2024 | 5000 | 5000 | 5063 | 5063 | 0.02 |
| National Football League 5.890% due 10/05/2043 | National Football League 5.890% due 10/05/2043 | 03/14/2024 | 03/14/2024 | 5000 | 5000 | 4888 | 4888 | 0.02 |
| National Football League 5.250% due 10/05/2034 | National Football League 5.250% due 10/05/2034 | 06/27/2025 | 06/27/2025 | 34600 | 34600 | 34735 | 34735 | 0.13 |
| National Football League 5.420% due 10/05/2037 | National Football League 5.420% due 10/05/2037 | 06/27/2025 | 06/27/2025 | 12000 | 12000 | 12061 | 12061 | 0.05 |
| Pantheon Senior Debt Secondaries 6.317% due 03/26/2026 | Pantheon Senior Debt Secondaries 6.317% due 03/26/2026 | 03/18/2025 | 03/18/2025 | 8700 | 8700 | 8700 | 8700 | 0.03 |
| Pinnacol Assurance 8.625% due 06/25/2034 | Pinnacol Assurance 8.625% due 06/25/2034 | 06/23/2014 | 06/23/2014 | 24000 | 24000 | 26408 | 26408 | 0.10 |
| Project Alpha Investindustrial 4.256% due 02/27/2026 | Project Alpha Investindustrial 4.256% due 02/27/2026 | 02/28/2025 | 02/28/2025 | 5392 | 5392 | 6122 | 6122 | 0.02 |
|  |  |  | $ | 193767 | $ | 185128 | 0.72%  | 0.72%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BOM | 4.390%  | 07/01/2025 | 07/02/2025 | 07/02/2025 | (297000) | (297000) | (297000) | (297000) |
| BOO | 4.460  | 06/30/2025 | 07/01/2025 | 07/01/2025 | (292916) | (292916) | (292953) | (292953) |
| BRC | (1.000)  | 12/31/2024 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (2377) | (2377) | (2365) | (2365) |
|  | (1.000)  | 04/22/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (635) | (635) | (633) | (633) |
|  | 1.500  | 06/11/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (3645) | (3645) | (4297) | (4297) |
|  | 3.000  | 04/24/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (702) | (702) | (706) | (706) |
|  | 3.250  | 12/20/2024 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (1216) | (1216) | (1237) | (1237) |
|  | 3.750  | 12/20/2024 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (2757) | (2757) | (2813) | (2813) |
|  | 4.100  | 04/11/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (13805) | (13805) | (13932) | (13932) |
|  | 4.200  | 12/20/2024 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (8966) | (8966) | (9167) | (9167) |
|  | 4.250  | 12/20/2024 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (5335) | (5335) | (5457) | (5457) |
|  | 4.300  | 12/20/2024 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (9834) | (9834) | (10061) | (10061) |
|  | 4.300  | 01/07/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (6848) | (6848) | (6987) | (6987) |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

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

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 4.400  | 4.400  | 12/20/2024 | 12/20/2024 | 12/20/2024 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> |  | (137673) | (137673) |  | (140921) |
|  |  | 4.400  | 4.400  | 04/28/2025 | 04/28/2025 | 04/28/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> |  | (4851) | (4851) |  | (4882) |
|  |  | 4.410  | 4.410  | 06/30/2025 | 06/30/2025 | 06/30/2025 | 07/03/2025 | 07/03/2025 |  | (137157) | (137157) |  | (137174) |
| DEU | DEU | 4.440  | 4.440  | 06/30/2025 | 06/30/2025 | 06/30/2025 | 07/03/2025 | 07/03/2025 |  | (49313) | (49313) |  | (49319) |
|  |  | 4.450  | 4.450  | 06/26/2025 | 06/26/2025 | 06/26/2025 | 07/03/2025 | 07/03/2025 |  | (49000) | (49000) |  | (49030) |
|  |  | 4.470  | 4.470  | 06/26/2025 | 06/26/2025 | 06/26/2025 | 07/01/2025 | 07/01/2025 |  | (18871) | (18871) |  | (18882) |
|  |  | 4.480  | 4.480  | 07/01/2025 | 07/01/2025 | 07/01/2025 | 07/02/2025 | 07/02/2025 |  | (19035) | (19035) |  | (19035) |
| JML | JML | 1.500  | 1.500  | 06/11/2025 | 06/11/2025 | 06/11/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | EUR | (452) | (452) |  | (533) |
|  |  | 2.000  | 2.000  | 03/12/2025 | 03/12/2025 | 03/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | $ | $(2719) | (2719) |  | (2736) |
|  |  | 2.750  | 2.750  | 12/20/2024 | 12/20/2024 | 12/20/2024 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> |  | (951) | (951) |  | (965) |
| JPS | JPS | 4.250  | 4.250  | 06/23/2025 | 06/23/2025 | 06/23/2025 | 08/01/2025 | 08/01/2025 |  | (1773) | (1773) |  | (1775) |
|  |  | 4.300  | 4.300  | 06/23/2025 | 06/23/2025 | 06/23/2025 | 08/01/2025 | 08/01/2025 |  | (37177) | (37177) |  | (37213) |
|  |  | 4.850  | 4.850  | 06/30/2025 | 06/30/2025 | 06/30/2025 | 07/01/2025 | 07/01/2025 |  | (806466) | (806466) |  | (806575) |
| MEI | MEI | 2.750  | 2.750  | 06/23/2025 | 06/23/2025 | 06/23/2025 | 08/01/2025 | 08/01/2025 |  | (6528) | (6528) |  | (6532) |
|  |  | 4.300  | 4.300  | 03/26/2025 | 03/26/2025 | 03/26/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> |  | (9425) | (9425) |  | (9534) |
| MYI | MYI | 1.650  | 1.650  | 06/24/2025 | 06/24/2025 | 06/24/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | EUR | (3616) | (3616) |  | (4261) |
| NOM | NOM | 4.300  | 4.300  | 06/26/2025 | 06/26/2025 | 06/26/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | $ | $(3452) | (3452) |  | (3454) |
| NXN | NXN | 4.440  | 4.440  | 06/10/2025 | 06/10/2025 | 06/10/2025 | 07/16/2025 | 07/16/2025 |  | (1067671) | (1067671) |  | (1070436) |
| STR | STR | 4.480  | 4.480  | 07/01/2025 | 07/01/2025 | 07/01/2025 | 07/02/2025 | 07/02/2025 |  | (420598) | (420598) |  | (420597) |
|  |  | 4.490  | 4.490  | 06/30/2025 | 06/30/2025 | 06/30/2025 | 07/01/2025 | 07/01/2025 |  | (487669) | (487669) |  | (487730) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  | **$** | **(3919192)** |
| **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 | Borrowing Rate<sup>(1)</sup> | Borrowing Rate<sup>(1)</sup> | Borrowing Date | Borrowing Date | Borrowing Date | Maturity Date | Maturity Date |  | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> |  | Payable for<br>Sale-Buyback<br>Transactions<sup>(3)</sup> |
| GSC | GSC | 4.450%  | 4.450%  | 06/24/2025 | 06/24/2025 | 06/24/2025 | 07/03/2025 | 07/03/2025 | $ | $(809) | (809) | $ | (810) |
| TDM | TDM | 4.450  | 4.450  | 06/24/2025 | 06/24/2025 | 06/24/2025 | 07/18/2025 | 07/18/2025 |  | (4451) | (4451) |  | (4455) |
| UBS | UBS | 4.440  | 4.440  | 06/13/2025 | 06/13/2025 | 06/13/2025 | 08/15/2025 | 08/15/2025 |  | (564) | (564) |  | (565) |
|  |  | 4.450  | 4.450  | 05/22/2025 | 05/22/2025 | 05/22/2025 | 07/07/2025 | 07/07/2025 |  | (23491) | (23491) |  | (23607) |
|  |  | 4.450  | 4.450  | 06/06/2025 | 06/06/2025 | 06/06/2025 | 07/07/2025 | 07/07/2025 |  | (2091) | (2091) |  | (2098) |
|  |  | 4.450  | 4.450  | 06/06/2025 | 06/06/2025 | 06/06/2025 | 07/15/2025 | 07/15/2025 |  | (920) | (920) |  | (923) |
|  |  | 4.450  | 4.450  | 06/10/2025 | 06/10/2025 | 06/10/2025 | 07/07/2025 | 07/07/2025 |  | (992) | (992) |  | (994) |
|  |  | 4.450  | 4.450  | 06/13/2025 | 06/13/2025 | 06/13/2025 | 07/07/2025 | 07/07/2025 |  | (20000) | (20000) |  | (20044) |
|  |  | 4.450  | 4.450  | 06/17/2025 | 06/17/2025 | 06/17/2025 | 07/29/2025 | 07/29/2025 |  | (93517) | (93517) |  | (93679) |
|  |  | 4.450  | 4.450  | 06/20/2025 | 06/20/2025 | 06/20/2025 | 07/16/2025 | 07/16/2025 |  | (53712) | (53712) |  | (53785) |
|  |  | 4.450  | 4.450  | 06/30/2025 | 06/30/2025 | 06/30/2025 | 08/18/2025 | 08/18/2025 |  | (122310) | (122310) |  | (122326) |
|  |  | 4.460  | 4.460  | 06/06/2025 | 06/06/2025 | 06/06/2025 | 07/02/2025 | 07/02/2025 |  | (8868) | (8868) |  | (8895) |
| **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** |  |  |  |  |  |  |  |  |  |  | **$** | **(332181)** |
| **(l)** | **Securities with an aggregate market value of $3,550,552 and cash of $160 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,550,552 and cash of $160 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,550,552 and cash of $160 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,550,552 and cash of $160 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,550,552 and cash of $160 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,550,552 and cash of $160 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,550,552 and cash of $160 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,550,552 and cash of $160 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,550,552 and cash of $160 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,550,552 and cash of $160 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,550,552 and cash of $160 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,550,552 and cash of $160 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,550,552 and cash of $160 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended June 30, 2025 was $(3278154) at a weighted average interest rate of 4.397%. 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 June 30, 2025 was $(3278154) at a weighted average interest rate of 4.397%. 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 June 30, 2025 was $(3278154) at a weighted average interest rate of 4.397%. 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 June 30, 2025 was $(3278154) at a weighted average interest rate of 4.397%. 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 June 30, 2025 was $(3278154) at a weighted average interest rate of 4.397%. 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 June 30, 2025 was $(3278154) at a weighted average interest rate of 4.397%. 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 June 30, 2025 was $(3278154) at a weighted average interest rate of 4.397%. 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 June 30, 2025 was $(3278154) at a weighted average interest rate of 4.397%. 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 June 30, 2025 was $(3278154) at a weighted average interest rate of 4.397%. 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 June 30, 2025 was $(3278154) at a weighted average interest rate of 4.397%. 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 June 30, 2025 was $(3278154) at a weighted average interest rate of 4.397%. 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 June 30, 2025 was $(3278154) at a weighted average interest rate of 4.397%. 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 June 30, 2025 was $(3278154) at a weighted average interest rate of 4.397%. 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. |
| <sup>(3)</sup> | Payable for sale-buyback transactions includes $(1199) of deferred price drop. | Payable for sale-buyback transactions includes $(1199) of deferred price drop. | Payable for sale-buyback transactions includes $(1199) of deferred price drop. | Payable for sale-buyback transactions includes $(1199) of deferred price drop. | Payable for sale-buyback transactions includes $(1199) of deferred price drop. | Payable for sale-buyback transactions includes $(1199) of deferred price drop. | Payable for sale-buyback transactions includes $(1199) of deferred price drop. | Payable for sale-buyback transactions includes $(1199) of deferred price drop. | Payable for sale-buyback transactions includes $(1199) of deferred price drop. | Payable for sale-buyback transactions includes $(1199) of deferred price drop. | Payable for sale-buyback transactions includes $(1199) of deferred price drop. | Payable for sale-buyback transactions includes $(1199) of deferred price drop. | Payable for sale-buyback transactions includes $(1199) of deferred price drop. |
| **(m)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> |
| Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | 110.750 | 110.750 | 07/25/2025 | 07/25/2025 | 371 | $371 | 371 | 371 | (78) | (78) | (75) |
| Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | 113.250 | 113.250 | 07/25/2025 | 07/25/2025 | 371 | 371 | 371 | 371 | (95) | (95) | (110) |
| Put - EUREX Euro-Bobl July 2025 Futures  | Put - EUREX Euro-Bobl July 2025 Futures  | Put - EUREX Euro-Bobl July 2025 Futures  | 117.250 | 117.250 | 07/25/2025 | 07/25/2025 | 136 | 136 | 136 | 136 | (30) | (30) | (29) |
| Call - EUREX Euro-Bobl July 2025 Futures  | Call - EUREX Euro-Bobl July 2025 Futures  | Call - EUREX Euro-Bobl July 2025 Futures  | 118.500 | 118.500 | 07/25/2025 | 07/25/2025 | 136 | 136 | 136 | 136 | (25) | (25) | (18) |
| Put - EUREX Euro-Bund July 2025 Futures  | Put - EUREX Euro-Bund July 2025 Futures  | Put - EUREX Euro-Bund July 2025 Futures  | 129.000 | 129.000 | 07/25/2025 | 07/25/2025 | 90 | 90 | 90 | 90 | (41) | (41) | (36) |
| Call - EUREX Euro-Bund July 2025 Futures  | Call - EUREX Euro-Bund July 2025 Futures  | Call - EUREX Euro-Bund July 2025 Futures  | 132.500 | 132.500 | 07/25/2025 | 07/25/2025 | 90 | 90 | 90 | 90 | (47) | (47) | (15) |
|  |  |  |  |  |  |  |  |  |  | $ | $(316) | (316) | $(283) |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | $108.500 | 108.500 | 108.500 | 07/25/2025 | 390 | $390 | 390 | 390 | (129) | (129) | (12) |
| Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | 109.000 | 109.000 | 109.000 | 07/25/2025 | 746 | 746 | 746 | 746 | (318) | (318) | (23) |
| Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | 109.500 | 109.500 | 109.500 | 07/25/2025 | 401 | 401 | 401 | 401 | (131) | (131) | (25) |
| Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | 110.250 | 110.250 | 110.250 | 07/25/2025 | 373 | 373 | 373 | 373 | (93) | (93) | (47) |
| Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | 112.500 | 112.500 | 112.500 | 07/25/2025 | 1147 | 1147 | 1147 | 1147 | (439) | (439) | (609) |
| Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | 112.750 | 112.750 | 112.750 | 07/25/2025 | 373 | 373 | 373 | 373 | (116) | (116) | (163) |
| Call - CBOT U.S. Treasury 10-Year Note August Futures  | Call - CBOT U.S. Treasury 10-Year Note August Futures  | Call - CBOT U.S. Treasury 10-Year Note August Futures  | 112.000 | 112.000 | 112.000 | 07/25/2025 | 390 | 390 | 390 | 390 | (134) | (134) | (293) |
|  |  |  |  |  |  |  |  |  |  | $ | $(1360) | (1360) | $(1172) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | $**(1676)** | **(1676)** | $**(1455)** |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **FUTURES** **CONTRACTS:** | **FUTURES** **CONTRACTS:** | **FUTURES** **CONTRACTS:** | **FUTURES** **CONTRACTS:** | **FUTURES** **CONTRACTS:** | **FUTURES** **CONTRACTS:** | **FUTURES** **CONTRACTS:** | **FUTURES** **CONTRACTS:** | **FUTURES** **CONTRACTS:** | **FUTURES** **CONTRACTS:** | **FUTURES** **CONTRACTS:** | **FUTURES** **CONTRACTS:** | **FUTURES** **CONTRACTS:** | **FUTURES** **CONTRACTS:** | **FUTURES** **CONTRACTS:** | **FUTURES** **CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | 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 |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2027 | 03/2027 | 5193 | $ | 1258913 | $12313 | 12313 | 454 | 454 | 454 | 0 |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2028 | 03/2028 | 7248 |  | 1753744 | 15545 | 15545 | 544 | 544 | 544 | 0 |
| 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 09/2027 | 09/2027 | 6992 |  | 1693899 | 15447 | 15447 | 524 | 524 | 524 | 0 |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2027 | 06/2027 | 10307 |  | 2498288 | 24039 | 24039 | 773 | 773 | 773 | 0 |
| 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 12/2026 | 12/2026 | 958 |  | 232159 | 2252 | 2252 | 84 | 84 | 84 | 0 |
| 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 12/2027 | 12/2027 | 9554 |  | 2313143 | 19675 | 19675 | 717 | 717 | 717 | 0 |
| Japan Government 10-Year Bond September Futures  | Japan Government 10-Year Bond September Futures  | Japan Government 10-Year Bond September Futures  | Japan Government 10-Year Bond September Futures  | Japan Government 10-Year Bond September Futures  | 09/2025 | 09/2025 | 204 |  | 196938 | 572 | 572 | 0 | 0 | 0 | (269) |
| U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | 09/2025 | 09/2025 | 520 |  | 108172 | 447 | 447 | 28 | 28 | 28 | 0 |
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 09/2025 | 09/2025 | 24161 |  | 2633549 | 21246 | 21246 | 3209 | 3209 | 3209 | 0 |
| U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | 09/2025 | 09/2025 | 4577 |  | 522994 | 9154 | 9154 | 2217 | 2217 | 2217 | 0 |
| U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | 09/2025 | 09/2025 | 12284 |  | 1463332 | 41353 | 41353 | 16507 | 16507 | 16507 | 0 |
|  |  |  |  |  |  |  |  |  |  | 162043 | $ | 25057 | 25057 | $ | (269) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | 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 |
| Euro-Bobl September Futures  | Euro-Bobl September Futures  | Euro-Bobl September Futures  | Euro-Bobl September Futures  | Euro-Bobl September Futures  | 09/2025 | 09/2025 | 3465 | $ | (480323) | $1726 | 1726 | 1020 | 1020 | 1020 | (327) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **163769** | **$** | **26077** | **26077** | **$** | **(596)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **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 - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(8)</sup> | <u>Variation Margin</u><sup>(8)</sup> | <u>Variation Margin</u><sup>(8)</sup> | <u>Variation Margin</u><sup>(8)</sup> |
| Reference Entity | Fixed <br>(Pay) Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>June 30, 2025<sup>(4)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(4)</sup> |  | Notional<br>Amount<sup>(5)</sup> | Notional<br>Amount<sup>(5)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(6)</sup> | Market<br>Value<sup>(6)</sup> | Asset | Asset | Liability |
| Citigroup, Inc.  | (1.000)% | Quarterly | 12/20/2032 | 0.736 | 0.736 | $ | $7500 | 7500 | 305 | (434) | (129) | (129) | 0 | 0 | (4) |
| JPMorgan Chase & Co.  | (1.000) | Quarterly | 12/20/2032 | 0.573 | 0.573 |  | 12500 | 12500 | 269 | (619) | (350) | (350) | 1 | 1 | 0 |
|  |  |  |  |  |  |  |  |  | $574 | (1053) | (479) | (479) | $1 | 1 | $(4) |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(8)</sup> | <u>Variation Margin</u><sup>(8)</sup> | <u>Variation Margin</u><sup>(8)</sup> | <u>Variation Margin</u><sup>(8)</sup> |
| Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>June 30, 2025<sup>(4)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(4)</sup> |  | Notional<br>Amount<sup>(5)</sup> | Notional<br>Amount<sup>(5)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(6)</sup> | Market<br>Value<sup>(6)</sup> | Asset | Asset | Liability |
| AES Corp.  | 5.000% | Quarterly | 12/20/2025 | 0.201 | 0.201 | $ | $11600 | 11600 | 2127 | (1846) | 281 | 281 | 0 | 0 | 0 |
| AES Corp.  | 5.000 | Quarterly | 06/20/2027 | 0.536 | 0.536 |  | 15000 | 15000 | 2072 | (773) | 1299 | 1299 | 0 | 0 | 0 |
| AT&T, Inc.  | 1.000 | Quarterly | 06/20/2028 | 0.426 | 0.426 |  | 87600 | 87600 | (468) | 1903 | 1435 | 1435 | 19 | 19 | 0 |
| Bank of America Corp.  | 1.000 | Quarterly | 12/20/2025 | 0.239 | 0.239 |  | 16300 | 16300 | 110 | (46) | 64 | 64 | 1 | 1 | 0 |
| Bank of America Corp.  | 1.000 | Quarterly | 12/20/2026 | 0.359 | 0.359 |  | 31000 | 31000 | 393 | (97) | 296 | 296 | 0 | 0 | (2) |
| Barclays Bank PLC  | 1.000 | Quarterly | 12/20/2025 | 0.238 | 0.238 | EUR | 13400 | 13400 | 78 | (16) | 62 | 62 | 2 | 2 | 0 |
| British Telecommunications PLC  | 1.000 | Quarterly | 12/20/2028 | 0.355 | 0.355 |  | 1600 | 1600 | (4) | 46 | 42 | 42 | 0 | 0 | (1) |
| Cellnex Telecom SA  | 5.000 | Quarterly | 12/20/2030 | 0.893 | 0.893 |  | 9000 | 9000 | (19) | 2265 | 2246 | 2246 | 0 | 0 | 0 |
| General Electric Co.  | 1.000 | Quarterly | 06/20/2026 | 0.089 | 0.089 | $ | $5200 | 5200 | 62 | (15) | 47 | 47 | 0 | 0 | 0 |
| General Electric Co.  | 1.000 | Quarterly | 12/20/2026 | 0.107 | 0.107 |  | 5100 | 5100 | 68 | (1) | 67 | 67 | 0 | 0 | (1) |
| General Motors Co.  | 5.000 | Quarterly | 06/20/2028 | 0.750 | 0.750 |  | 1600 | 1600 | 227 | (34) | 193 | 193 | 1 | 1 | 0 |
| Glencore Finance  | 5.000 | Quarterly | 06/20/2031 | 1.281 | 1.281 | EUR | 5000 | 5000 | 1153 | 55 | 1208 | 1208 | 3 | 3 | 0 |
| Goldman Sachs Group, Inc.  | 1.000 | Quarterly | 06/20/2026 | 0.321 | 0.321 | $ | $11700 | 11700 | 73 | 7 | 80 | 80 | 0 | 0 | 0 |
| Lennar Corp.  | 5.000 | Quarterly | 12/20/2025 | 0.242 | 0.242 |  | 4900 | 4900 | 890 | (772) | 118 | 118 | 0 | 0 | 0 |
| Morgan Stanley  | 1.000 | Quarterly | 12/20/2025 | 0.241 | 0.241 |  | 8100 | 8100 | 29 | 2 | 31 | 31 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Morgan Stanley  | Morgan Stanley  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 0.290 |  | 33000 | 209 |  | 26 |  | 235 | 1 |  | 0 |
| NextEra Energy Capital Holdings, Inc.  | NextEra Energy Capital Holdings, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 0.246 |  | 15900 | 469 |  | (349) |  | 120 | 0 |  | 0 |
| Teck Resources Ltd.  | Teck Resources Ltd.  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 0.165 |  | 10800 | 1877 |  | (1359) |  | 518 | 0 |  | 0 |
| Tesco PLC  | Tesco PLC  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 06/20/2028 | 0.283 |  | 7700 | 82 |  | 110 |  | 192 | 1 |  | 0 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.312 |  | $10000 | 240 |  | (138) |  | 102 | 0 |  | 0 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 06/20/2028 | 0.416 |  | 45200 | (132) |  | 891 |  | 759 | 15 |  | 0 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 12/20/2028 | 0.462 |  | 9700 | (24) |  | 198 |  | 174 | 2 |  | 0 |
| Volkswagen International Finance NV  | Volkswagen International Finance NV  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 06/20/2028 | 0.755 |  | 13350 | 106 |  | 10 |  | 116 | 9 |  | 0 |
| Williams Cos., Inc.  | Williams Cos., Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.160 |  | $10900 | 78 |  | 58 |  | 136 | 0 |  | (2) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 9696 | 9696 | 125 | 125 | 9821 | 54 | 54 | (6) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(8)</sup> | <u>Variation Margin</u><sup>(8)</sup> | <u>Variation Margin</u><sup>(8)</sup> | <u>Variation Margin</u><sup>(8)</sup> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(5)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(6)</sup> | Asset |  | Liability |
| CDX.EM-34 5-Year Index  | CDX.EM-34 5-Year Index  | CDX.EM-34 5-Year Index  | 1.000% | 1.000% | 1.000% | Quarterly | Quarterly | Quarterly | 12/20/2025 | 12/20/2025 | $ | 36892 | (1371) | $ | 1495 | $ | 124 | 58 | $ | 0 |
| CDX.EM-35 5-Year Index  | CDX.EM-35 5-Year Index  | CDX.EM-35 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 |  | 276 | (8) |  | 10 |  | 2 | 0 |  | 0 |
| CDX.EM-36 5-Year Index  | CDX.EM-36 5-Year Index  | CDX.EM-36 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 |  | 32292 | (1171) |  | 1355 |  | 184 | 57 |  | 0 |
| CDX.EM-39 5-Year Index  | CDX.EM-39 5-Year Index  | CDX.EM-39 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 |  | 100 | (7) |  | 7 |  | 0 | 0 |  | 0 |
| CDX.EM-40 5-Year Index  | CDX.EM-40 5-Year Index  | CDX.EM-40 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 |  | 5100 | (223) |  | 201 |  | (22) | 11 |  | 0 |
| CDX.EM-41 5-Year Index  | CDX.EM-41 5-Year Index  | CDX.EM-41 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 |  | 1600 | (61) |  | 46 |  | (15) | 4 |  | 0 |
| CDX.EM-42 5-Year Index  | CDX.EM-42 5-Year Index  | CDX.EM-42 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 |  | 2000 | (58) |  | 28 |  | (30) | 4 |  | 0 |
| CDX.EM-43 5-Year Index  | CDX.EM-43 5-Year Index  | CDX.EM-43 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 |  | 1600 | (58) |  | 19 |  | (39) | 3 |  | 0 |
| CDX.IG-40 5-Year Index  | CDX.IG-40 5-Year Index  | CDX.IG-40 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 |  | 81680 | 1150 |  | 535 |  | 1685 | 18 |  | 0 |
| CDX.IG-41 5-Year Index  | CDX.IG-41 5-Year Index  | CDX.IG-41 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 |  | 38800 | 566 |  | 288 |  | 854 | 13 |  | 0 |
| CDX.IG-42 5-Year Index  | CDX.IG-42 5-Year Index  | CDX.IG-42 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 |  | 31565 | 587 |  | 126 |  | 713 | 12 |  | 0 |
| CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 |  | 1595710 | 34154 |  | 2268 |  | 36422 | 795 |  | 0 |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 |  | 17121750 | 298564 |  | 85873 |  | 384437 | 9467 |  | 0 |
| CDX.iTraxx Main 43 5-Year Index  | CDX.iTraxx Main 43 5-Year Index  | CDX.iTraxx Main 43 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | EUR | 271800 | 6088 |  | 835 |  | 6923 | 270 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 338152 | $ | 93086 | $ | 431238 | 10712 | $ | 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><sup>(8)</sup> | <u>Variation Margin</u><sup>(8)</sup> | <u>Variation Margin</u><sup>(8)</sup> | <u>Variation Margin</u><sup>(8)</sup> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500% | 3.500% | 3.500% | Annual | Annual | 03/19/2030 | GBP | 425620 | $(12550) | (12550) | $7258 | 7258 | (5292) | $0 | 0 | $(24) |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.930 | 3.930 | 3.930 | Annual | Annual | 01/06/2035 |  | 4200 | (12) | (12) | (20) | (20) | (32) | 0 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | 3.250 | Annual | Annual | 06/18/2030 | $ | 500000 | 7081 | 7081 | (3012) | (3012) | 4069 | 0 | 0 | (827) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.000 | 1.000 | 1.000 | Annual | Annual | 12/15/2026 |  | 275000 | 1177 | 1177 | 14209 | 14209 | 15386 | 0 | 0 | (39) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.000 | 1.000 | 1.000 | Annual | Annual | 06/15/2027 |  | 776800 | 60943 | 60943 | (23334) | (23334) | 37609 | 0 | 0 | (291) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.750 | 1.750 | 1.750 | Annual | Annual | 06/15/2027 |  | 584500 | 37865 | 37865 | (18002) | (18002) | 19863 | 0 | 0 | (188) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | 3.750 | Annual | Annual | 12/18/2029 |  | 593560 | (10846) | (10846) | 4459 | 4459 | (6387) | 0 | 0 | (866) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.000 | 3.000 | 3.000 | Annual | Annual | 03/19/2030 |  | 2354200 | 54136 | 54136 | (2770) | (2770) | 51366 | 0 | 0 | (3570) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.694 | 3.694 | 3.694 | Annual | Annual | 04/30/2031 |  | 785750 | (502) | (502) | (7865) | (7865) | (8367) | 0 | 0 | (1600) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.704 | 3.704 | 3.704 | Annual | Annual | 04/30/2031 |  | 344000 | 0 | 0 | (3846) | (3846) | (3846) | 0 | 0 | (701) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.769 | 3.769 | 3.769 | Annual | Annual | 04/30/2031 |  | 218500 | 0 | 0 | (3290) | (3290) | (3290) | 0 | 0 | (453) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | 3.750 | Annual | Annual | 06/20/2034 |  | 510660 | 18869 | 18869 | (23345) | (23345) | (4476) | 0 | 0 | (1810) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | 3.750 | Annual | Annual | 12/18/2034 |  | 301000 | (14925) | (14925) | 13811 | 13811 | (1114) | 0 | 0 | (1127) |
| Receive<sup>(7)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.100 | 4.100 | 4.100 | Annual | Annual | 11/15/2052 |  | 142842 | (273) | (273) | (3490) | (3490) | (3763) | 0 | 0 | (1193) |

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<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.765 | Annual | Annual | 12/17/2054 |  | 71000 |  | 0 |  | 2130 |  | 2130 |  | 0 | 0 |  | (567) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | Annual | 12/18/2054 |  | 249200 |  | 4161 |  | 15191 |  | 19352 |  | 0 | 0 |  | (1917) |
| Pay | Pay | 3-Month AUD-BBR-BBSW | 3-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | Semi-Annual | 03/19/2030 | AUD | 940100 |  | 7578 |  | 10300 |  | 17878 |  | 0 | 0 |  | (269) |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.050 | Annual | Annual | 09/20/2028 | EUR | 144200 |  | 0 |  | (12712) |  | (12712) |  | 0 | 0 |  | (124) |
| Pay<sup>(7)</sup> | Pay<sup>(7)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.250 | Annual | Annual | 09/17/2030 |  | 733970 |  | (10668) |  | 9383 |  | (1285) |  | 0 | 0 |  | (804) |
| Receive<sup>(7)</sup> | Receive<sup>(7)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.250 | Annual | Annual | 09/17/2055 |  | 182470 |  | 9186 |  | 13157 |  | 22343 |  | 693 | 693 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.720 | Lunar | Lunar | 04/01/2030 | MXN | 72200 |  | 0 |  | 0 |  | 0 |  | 10 | 10 |  | 0 |
|  |  |  |  |  |  |  |  |  | $ | $151220 | 151220 | $(11788) | (11788) | $139432 | 139432 | $703 | 703 | 703 | $(16372) | (16372) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**499642** | **499642** | $**80370** | **80370** | $**580012** | **580012** | $**11470** | **11470** | **11470** | $**(16382)** | **(16382)** |
| **(n)** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $1,053,328 and cash of $25,791 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** |
| <sup>(1)</sup> | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. | Future styled option variation margin asset of $26 and liability of $(18) is outstanding at period end. |
| <sup>(2)</sup> | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(4)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(6)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(7)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | 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>(8)</sup> | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $6 and liability of $(25) for closed swap agreements is outstanding at period end. |
| **(o)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 07/2025  | 07/2025  | 07/2025  | EUR | 4027 | 4027 | 4027 | $ | $4716 | 4716 | 4716 | 0 | 0 | 0 | 0 | $(28) | (28) | (28) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | $ | $4726 | 4726 | 4726 | EUR | 4027 | 4027 | 4027 | 28 | 28 | 28 | 28 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 07/2025  | 07/2025  | 07/2025  | EUR | 112358 | 112358 | 112358 | $ | $127757 | 127757 | 127757 | 0 | 0 | 0 | 0 | (4596) | (4596) | (4596) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | PEN | 9936 | 9936 | 9936 |  | 2698 | 2698 | 2698 | 0 | 0 | 0 | 0 | (103) | (103) | (103) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 08/2025  | 08/2025  | 08/2025  | $ | $3 | 3 | 3 | JPY | 392 | 392 | 392 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 07/2025  | 07/2025  | 07/2025  |  | 2110 | 2110 | 2110 | EUR | 1843 | 1843 | 1843 | 61 | 61 | 61 | 61 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 250498 | 250498 | 250498 | GBP | 184107 | 184107 | 184107 | 2216 | 2216 | 2216 | 2216 | 0 | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | GBP | 184107 | 184107 | 184107 | $ | $250533 | 250533 | 250533 | 0 | 0 | 0 | 0 | (2219) | (2219) | (2219) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | PEN | 36589 | 36589 | 36589 |  | 9918 | 9918 | 9918 | 0 | 0 | 0 | 0 | (398) | (398) | (398) |
|  |  |  | 09/2025  | 09/2025  | 09/2025  | $ | $1143 | 1143 | 1143 | MXN | 21996 | 21996 | 21996 | 20 | 20 | 20 | 20 | 0 | 0 | 0 |
|  |  |  | 11/2025  | 11/2025  | 11/2025  | PEN | 52402 | 52402 | 52402 | $ | $14222 | 14222 | 14222 | 0 | 0 | 0 | 0 | (506) | (506) | (506) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 07/2025  | 07/2025  | 07/2025  |  | 69236 | 69236 | 69236 |  | 18775 | 18775 | 18775 | 0 | 0 | 0 | 0 | (762) | (762) | (762) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | $ | $2784 | 2784 | 2784 | PEN | 10068 | 10068 | 10068 | 57 | 57 | 57 | 57 | 0 | 0 | 0 |
|  |  |  | 09/2025  | 09/2025  | 09/2025  | PEN | 14584 | 14584 | 14584 | $ | $3952 | 3952 | 3952 | 0 | 0 | 0 | 0 | (155) | (155) | (155) |
|  |  |  | 11/2025  | 11/2025  | 11/2025  |  | 158800 | 158800 | 158800 |  | 42940 | 42940 | 42940 | 0 | 0 | 0 | 0 | (1699) | (1699) | (1699) |
|  |  |  | 12/2025  | 12/2025  | 12/2025  |  | 10106 | 10106 | 10106 |  | 2784 | 2784 | 2784 | 0 | 0 | 0 | 0 | (56) | (56) | (56) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 07/2025  | 07/2025  | 07/2025  |  | 10063 | 10063 | 10063 |  | 2753 | 2753 | 2753 | 0 | 0 | 0 | 0 | (87) | (87) | (87) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | $ | $5676 | 5676 | 5676 | EUR | 4908 | 4908 | 4908 | 105 | 105 | 105 | 105 | 0 | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 36166 | 36166 | 36166 | PEN | 129044 | 129044 | 129044 | 254 | 254 | 254 | 254 | 0 | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | PEN | 76416 | 76416 | 76416 | $ | $21145 | 21145 | 21145 | 0 | 0 | 0 | 0 | (396) | (396) | (396) |
|  |  |  | 09/2025  | 09/2025  | 09/2025  |  | 108918 | 108918 | 108918 |  | 30122 | 30122 | 30122 | 0 | 0 | 0 | 0 | (546) | (546) | (546) |
|  |  |  | 10/2025  | 10/2025  | 10/2025  |  | 60025 | 60025 | 60025 |  | 16761 | 16761 | 16761 | 0 | 0 | 0 | 0 | (126) | (126) | (126) |
|  |  |  | 11/2025  | 11/2025  | 11/2025  | $ | $22 | 22 | 22 | PEN | 82 | 82 | 82 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 12/2025  | 12/2025  | 12/2025  | PEN | 72164 | 72164 | 72164 | $ | $19740 | 19740 | 19740 | 0 | 0 | 0 | 0 | (530) | (530) | (530) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | 07/2025  | 07/2025  | 07/2025  | $ | $122935 | 122935 | 122935 | EUR | 105969 | 105969 | 105969 | 1892 | 1892 | 1892 | 1892 | 0 | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | EUR | 105737 | 105737 | 105737 | $ | $122935 | 122935 | 122935 | 0 | 0 | 0 | 0 | (1890) | (1890) | (1890) |
|  |  |  | 09/2025  | 09/2025  | 09/2025  | MXN | 1 | 1 | 1 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 09/2025  | 09/2025  | 09/2025  | PEN | 14412 | 14412 | 14412 |  | 3919 | 3919 | 3919 | 0 | 0 | 0 | 0 | (141) | (141) | (141) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 07/2025  | 07/2025  | 07/2025  | AUD | 2789 | 2789 | 2789 |  | 1803 | 1803 | 1803 | 0 | 0 | 0 | 0 | (33) | (33) | (33) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | JPY | 81780 | 81780 | 81780 |  | 562 | 562 | 562 | 0 | 0 | 0 | 0 | (6) | (6) | (6) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | PEN | 59854 | 59854 | 59854 |  | 16277 | 16277 | 16277 | 0 | 0 | 0 | 0 | (619) | (619) | (619) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | $ | $2445 | 2445 | 2445 | AUD | 3789 | 3789 | 3789 | 49 | 49 | 49 | 49 | 0 | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | JPY | 147647 | 147647 | 147647 | $ | $1023 | 1023 | 1023 | 0 | 0 | 0 | 0 | (6) | (6) | (6) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | $ | $546 | 546 | 546 | JPY | 79161 | 79161 | 79161 | 6 | 6 | 6 | 6 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 09/2025  | 09/2025  | 1653257 | 1653257 | 1653257 | 1653257 | $ | 84907 | 84907 | 84907 |  | 0 | 0 | 0 |  | (2488) |
|  |  | 09/2025  | 09/2025  | 80127 | 80127 | 80127 | 80127 |  | 21847 | 21847 | 21847 |  | 0 | 0 | 0 |  | (723) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 08/2025  | 08/2025  | $2666 | 2666 | 2666 | 2666 | EUR | 2269 | 2269 | 2269 |  | 13 | 13 | 13 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 07/2025  | 07/2025  | 6882 | 6882 | 6882 | 6882 |  | 5934 | 5934 | 5934 |  | 108 | 108 | 108 |  | 0 |
|  |  | 07/2025  | 07/2025  | 4364 | 4364 | 4364 | 4364 | GBP | 3205 | 3205 | 3205 |  | 37 | 37 | 37 |  | (2) |
|  |  | 08/2025  | 08/2025  | 15 | 15 | 15 | 15 | JPY | 2082 | 2082 | 2082 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 07/2025  | 07/2025  | 61796 | 61796 | 61796 | 61796 | $ | 426 | 426 | 426 |  | 0 | 0 | 0 |  | (3) |
|  |  | 08/2025  | 08/2025  | 50000 | 50000 | 50000 | 50000 |  | 348 | 348 | 348 |  | 0 | 0 | 0 |  | (1) |
|  |  | 08/2025  | 08/2025  | $426 | 426 | 426 | 426 | JPY | 61569 | 61569 | 61569 |  | 3 | 3 | 3 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC | &nbsp;&nbsp;&nbsp;&nbsp; RBC | 07/2025  | 07/2025  | 1000 | 1000 | 1000 | 1000 | $ | 642 | 642 | 642 |  | 0 | 0 | 0 |  | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp; RYL | &nbsp;&nbsp;&nbsp;&nbsp; RYL | 07/2025  | 07/2025  | $1063 | 1063 | 1063 | 1063 | JPY | 153000 | 153000 | 153000 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 07/2025  | 07/2025  | 6943 | 6943 | 6943 | 6943 | $ | 48 | 48 | 48 |  | 0 | 0 | 0 |  | 0 |
|  |  | 08/2025  | 08/2025  | $48 | 48 | 48 | 48 | JPY | 6917 | 6917 | 6917 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 07/2025  | 07/2025  | 186246 | 186246 | 186246 | 186246 | $ | 252180 | 252180 | 252180 |  | 0 | 0 | 0 |  | (3470) |
|  |  | 10/2025  | 10/2025  | 79889 | 79889 | 79889 | 79889 |  | 21687 | 21687 | 21687 |  | 0 | 0 | 0 |  | (786) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 09/2025  | 09/2025  | $1399 | 1399 | 1399 | 1399 | MXN | 27129 | 27129 | 27129 |  | 35 | 35 | 35 |  | 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** | $**4885** | **4885** | **4885** | **$** | $**(22391)** | **(22391)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** |
| Counterparty | Description | Description | Description | Description | Buy/Sell<br>Protection | Buy/Sell<br>Protection | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| GST | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | Sell | 0.850% | 0.850% | 0.850% | 07/16/2025 | 44400 | 44400 | 44400 | $(61) | (61) | $ | $(3) |
|  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | Sell | 0.900 | 0.900 | 0.900 | 07/16/2025 | 84500 | 84500 | 84500 | (96) | (96) |  | (6) |
| JPM | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | Sell | 1.000 | 1.000 | 1.000 | 07/16/2025 | 40300 | 40300 | 40300 | (41) | (41) |  | (3) |
| RBC | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | Sell | 0.850 | 0.850 | 0.850 | 07/16/2025 | 46000 | 46000 | 46000 | (56) | (56) |  | (3) |
|  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | Sell | 0.900 | 0.900 | 0.900 | 07/16/2025 | 39000 | 39000 | 39000 | (47) | (47) |  | (3) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(301) | (301) | $ | $(18) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| BOA | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.770% | 3.770% | 3.770% | 07/09/2025 | 19000 | 19000 | 19000 | $(61) | (61) | $ | $(174) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.120 | 4.120 | 4.120 | 07/09/2025 | 19000 | 19000 | 19000 | (61) | (61) |  | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.637 | 3.637 | 3.637 | 07/18/2025 | 20300 | 20300 | 20300 | (64) | (64) |  | (102) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.037 | 4.037 | 4.037 | 07/18/2025 | 20300 | 20300 | 20300 | (64) | (64) |  | (9) |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.700 | 3.700 | 3.700 | 07/21/2025 | 18600 | 18600 | 18600 | (59) | (59) |  | (144) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.050 | 4.050 | 4.050 | 07/21/2025 | 18600 | 18600 | 18600 | (59) | (59) |  | (8) |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.555 | 3.555 | 3.555 | 07/24/2025 | 20900 | 20900 | 20900 | (66) | (66) |  | (75) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.905 | 3.905 | 3.905 | 07/24/2025 | 20900 | 20900 | 20900 | (66) | (66) |  | (39) |
| CBK | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.605 | 3.605 | 3.605 | 07/23/2025 | 19600 | 19600 | 19600 | (71) | (71) |  | (92) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.955 | 3.955 | 3.955 | 07/23/2025 | 19600 | 19600 | 19600 | (66) | (66) |  | (23) |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.564 | 3.564 | 3.564 | 07/24/2025 | 18500 | 18500 | 18500 | (62) | (62) |  | (71) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.914 | 3.914 | 3.914 | 07/24/2025 | 18500 | 18500 | 18500 | (56) | (56) |  | (32) |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | 2.380 | 2.380 | 2.380 | 07/03/2025 | 9000 | 9000 | 9000 | (24) | (24) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | 2.640 | 2.640 | 2.640 | 07/03/2025 | 9000 | 9000 | 9000 | (24) | (24) |  | (11) |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | 2.460 | 2.460 | 2.460 | 07/16/2025 | 11700 | 11700 | 11700 | (36) | (36) |  | (13) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | 2.720 | 2.720 | 2.720 | 07/16/2025 | 11700 | 11700 | 11700 | (36) | (36) |  | (19) |
| FAR | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.750 | 3.750 | 3.750 | 07/03/2025 | 23600 | 23600 | 23600 | (88) | (88) |  | (161) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.100 | 4.100 | 4.100 | 07/03/2025 | 23600 | 23600 | 23600 | (88) | (88) |  | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.790 | 3.790 | 3.790 | 07/09/2025 | 23200 | 23200 | 23200 | (76) | (76) |  | (242) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.140 | 4.140 | 4.140 | 07/09/2025 | 23200 | 23200 | 23200 | (76) | (76) |  | 0 |
| GLM | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.680 | 3.680 | 3.680 | 07/07/2025 | 9900 | 9900 | 9900 | (36) | (36) |  | (37) |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.775 | 3.775 | 3.775 | 07/07/2025 | 20000 | 20000 | 20000 | (62) | (62) |  | (177) |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.030 | 4.030 | 4.030 | 07/07/2025 | 9900 | 9900 | 9900 | (36) | (36) |  | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.125 | 4.125 | 4.125 | 07/07/2025 | 20000 | 20000 | 20000 | (62) | (62) |  | 0 |

---

------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.653 | 3.653 | 07/14/2025 | 07/14/2025 |  | 26600 |  | (80) | (80) | (116) | (116) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.053 | 4.053 | 07/14/2025 | 07/14/2025 |  | 26600 |  | (79) | (79) | (4) | (4) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.695 | 3.695 | 07/17/2025 | 07/17/2025 |  | 19400 |  | (56) | (56) | (135) | (135) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.095 | 4.095 | 07/17/2025 | 07/17/2025 |  | 19400 |  | (56) | (56) | (4) | (4) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.583 | 3.583 | 07/23/2025 | 07/23/2025 |  | 9700 |  | (34) | (34) | (40) | (40) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.933 | 3.933 | 07/23/2025 | 07/23/2025 |  | 9700 |  | (34) | (34) | (14) | (14) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.525 | 3.525 | 07/28/2025 | 07/28/2025 |  | 18200 |  | (60) | (60) | (60) | (60) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.875 | 3.875 | 07/28/2025 | 07/28/2025 |  | 18200 |  | (60) | (60) | (46) | (46) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.555 | 3.555 | 07/30/2025 | 07/30/2025 |  | 17600 |  | (54) | (54) | (73) | (73) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.905 | 3.905 | 07/30/2025 | 07/30/2025 |  | 17600 |  | (54) | (54) | (41) | (41) |
| JPM | JPM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.772 | 3.772 | 07/10/2025 | 07/10/2025 |  | 19500 |  | (64) | (64) | (186) | (186) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.122 | 4.122 | 07/10/2025 | 07/10/2025 |  | 19500 |  | (64) | (64) | (1) | (1) |
| MYC | MYC | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.715 | 3.715 | 07/02/2025 | 07/02/2025 |  | 21000 |  | (75) | (75) | (87) | (87) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.065 | 4.065 | 07/02/2025 | 07/02/2025 |  | 21000 |  | (75) | (75) | 0 | 0 |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.725 | 3.725 | 07/03/2025 | 07/03/2025 |  | 20000 |  | (75) | (75) | (106) | (106) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.075 | 4.075 | 07/03/2025 | 07/03/2025 |  | 20000 |  | (75) | (75) | 0 | 0 |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.669 | 3.669 | 07/07/2025 | 07/07/2025 |  | 20000 |  | (75) | (75) | (66) | (66) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.019 | 4.019 | 07/07/2025 | 07/07/2025 |  | 20000 |  | (75) | (75) | 0 | 0 |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.664 | 3.664 | 07/14/2025 | 07/14/2025 |  | 29600 |  | (88) | (88) | (141) | (141) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.064 | 4.064 | 07/14/2025 | 07/14/2025 |  | 29600 |  | (88) | (88) | (4) | (4) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.697 | 3.697 | 07/16/2025 | 07/16/2025 |  | 18400 |  | (53) | (53) | (124) | (124) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.097 | 4.097 | 07/16/2025 | 07/16/2025 |  | 18400 |  | (53) | (53) | (3) | (3) |
| NGF | NGF | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.545 | 3.545 | 07/28/2025 | 07/28/2025 |  | 24800 |  | (80) | (80) | (93) | (93) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.895 | 3.895 | 07/28/2025 | 07/28/2025 |  | 24800 |  | (80) | (80) | (55) | (55) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (2986) | (2986) | $(2828) | (2828) |
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Counterparty | Description | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date |  |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| SAL | SAL | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | $ | $92.469 | 92.469 | 07/07/2025 | 07/07/2025 |  | $ | 8500 | $ | (46) | (46) | $0 | 0 |
|  |  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  |  | 96.469 | 96.469 | 07/07/2025 | 07/07/2025 |  |  | 8500 |  | (40) | (40) | (3) | (3) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (86) | (86) | $(3) | (3) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(3373)** | **(3373)** | $**(2849)** | **(2849)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BOA | Colombia Government International Bond  | Colombia Government International Bond  | Colombia Government International Bond  | 1.000% | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 1.050% | 1.050% | $1400 | 1400 | $(37) | (37) | $36 | $0 | 0 | $(1) |
|  | Italy Government International Bond  | Italy Government International Bond  | Italy Government International Bond  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.160 | 0.160 | 43300 | 43300 | 80 | 80 | 458 | 538 | 538 | 0 |
| BPS | Colombia Government International Bond  | Colombia Government International Bond  | Colombia Government International Bond  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 1.050 | 1.050 | 1100 | 1100 | (30) | (30) | 30 | 0 | 0 | 0 |
|  | Colombia Government International Bond  | Colombia Government International Bond  | Colombia Government International Bond  | 1.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 1.337 | 1.337 | 700 | 700 | (62) | (62) | 57 | 0 | 0 | (5) |
| BRC | Colombia Government International Bond  | Colombia Government International Bond  | Colombia Government International Bond  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.818 | 0.818 | 9300 | 9300 | (242) | (242) | 261 | 19 | 19 | 0 |
|  | NextEra Energy Capital Holdings, Inc.  | NextEra Energy Capital Holdings, Inc.  | NextEra Energy Capital Holdings, Inc.  | 1.000 | Quarterly | Quarterly | 12/20/2025 | 12/20/2025 | 0.162 | 0.162 | 8400 | 8400 | 183 | 183 | (147) | 36 | 36 | 0 |
| CBK | Colombia Government International Bond  | Colombia Government International Bond  | Colombia Government International Bond  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 1.050 | 1.050 | 1100 | 1100 | (29) | (29) | 29 | 0 | 0 | 0 |

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------

<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 2 | 12 | 23 | 25 | 35 | 41 | 56 | 66 | 88 | 105 | 112 | 131 | 132 | 155 | 156 | 176 | 177 | 200 |
|  |  | Colombia Government International Bond  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.163 |  | 300 | (11) | (11) | 10 | 10 | 0 | 0 | (1) |
|  |  | Italy Government International Bond  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.160 |  | 13100 | 9 | 9 | 154 | 154 | 163 | 163 | 0 |
| GST | GST | Colombia Government International Bond  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.818 |  | 9400 | (245) | (245) | 264 | 264 | 19 | 19 | 0 |
|  |  | Colombia Government International Bond  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.163 |  | 12300 | (498) | (498) | 464 | 464 | 0 | 0 | (34) |
|  |  | Colombia Government International Bond  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 1.337 |  | 5700 | (508) | (508) | 465 | 465 | 0 | 0 | (43) |
|  |  | Equinix, Inc.  | 5.000 | 5.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.720 |  | 8800 | 1230 | 1230 | (500) | (500) | 730 | 730 | 0 |
|  |  | Mexico Government International Bond  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 0.784 |  | 5200 | (55) | (55) | 93 | 93 | 38 | 38 | 0 |
| JPM | JPM | Colombia Government International Bond  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.163 |  | 200 | (8) | (8) | 7 | 7 | 0 | 0 | (1) |
|  |  | Mexico Government International Bond  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.401 |  | 9300 | (73) | (73) | 129 | 129 | 56 | 56 | 0 |
|  |  | Nissan Motor Acceptance Co. LLC  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 1.843 |  | 73600 | (936) | (936) | 76 | 76 | 0 | 0 | (860) |
| MYC | MYC | Colombia Government International Bond  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.163 |  | 3400 | (192) | (192) | 182 | 182 | 0 | 0 | (10) |
|  |  | Colombia Government International Bond  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 1.337 |  | 4000 | (357) | (357) | 327 | 327 | 0 | 0 | (30) |
|  |  | Mexico Government International Bond  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2025 | 12/20/2025 | 0.291 |  | 1500 | (21) | (21) | 27 | 27 | 6 | 6 | 0 |
|  |  | Mexico Government International Bond  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.493 |  | 23100 | 65 | 65 | 111 | 111 | 176 | 176 | 0 |
|  |  | Mexico Government International Bond  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 0.538 |  | 16700 | (57) | (57) | 209 | 209 | 152 | 152 | 0 |
|  |  | Mexico Government International Bond  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.674 |  | 7200 | (139) | (139) | 207 | 207 | 68 | 68 | 0 |
|  |  | Mexico Government International Bond  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 0.784 |  | 31300 | (330) | (330) | 560 | 560 | 230 | 230 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | $(2263) | (2263) | $3509 | 3509 | $2231 | 2231 | (985) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| GST | GST | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500% | 0.500% | Monthly | 11/17/2059 | 1800 | 1800 | (53) | (53) | 61 | 61 | 8 | 8 | 0 |
|  |  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | 0.500 | 0.500 | Monthly | 09/17/2058 | 8627 | 8627 | (322) | (322) | 328 | 328 | 6 | 6 | 0 |
| MEI | MEI | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500 | 0.500 | Monthly | 05/11/2063 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| MYC | MYC | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | Monthly | 11/17/2059 | 7700 | 7700 | (228) | (228) | 261 | 261 | 33 | 33 | 0 |
|  |  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | 0.500 | 0.500 | Monthly | 09/17/2058 | 10981 | 10981 | (420) | (420) | 428 | 428 | 8 | 8 | 0 |
| SAL | SAL | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | Monthly | 11/17/2059 | 4900 | 4900 | (139) | (139) | 160 | 160 | 21 | 21 | 0 |
|  |  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | 0.500 | 0.500 | Monthly | 08/17/2061 | 7500 | 7500 | (9) | (9) | 49 | 49 | 40 | 40 | 0 |
| UAG | UAG | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | Monthly | 11/17/2059 | 3200 | 3200 | (92) | (92) | 106 | 106 | 14 | 14 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | $(1263) | (1263) | $1393 | 1393 | $130 | 130 | 0 |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Underlying<br>Reference | Underlying<br>Reference | # of Units | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount |  | Premiums<br>Paid/(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Liability |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | iBoxx USD Liquid Investment Grade Index  | iBoxx USD Liquid Investment Grade Index  | 2707216 | &nbsp;&nbsp; 3.630% (FEDL01 less a specified spread) | &nbsp;&nbsp; 3.630% (FEDL01 less a specified spread) | &nbsp;&nbsp; 3.630% (FEDL01 less a specified spread) | Monthly | 09/24/2025 | $296738 | 296738 | $0 | 0 | $678 | 678 | $678 | 678 | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**(3526)** | **(3526)** | $**5580** | **5580** | $**3039** | **3039** | **(985)** |
| **(p)** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $21,181 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. |

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<br> Schedule of Investments PIMCO Long Duration Credit Bond Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| **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 June 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 June 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 June 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 June 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 June 30, 2025 in valuing the Portfolio's assets and liabilities**: |
| Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 06/30/2025 |
| **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** |
| Loan Participations and Assignments | $0 | $14095 | $56589 | $70684 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | 0 | 7410294 | 51522 | 7461816 |
| Industrials | 0 | 8352224 | 76913 | 8429137 |
| Utilities | 5000 | 4290248 | 0 | 4295248 |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| California | 0 | 206138 | 0 | 206138 |
| Georgia | 0 | 45914 | 0 | 45914 |
| Illinois | 0 | 25506 | 0 | 25506 |
| Indiana | 0 | 1922 | 0 | 1922 |
| Massachusetts | 0 | 2789 | 0 | 2789 |
| Michigan | 0 | 33400 | 0 | 33400 |
| Nevada | 0 | 3662 | 0 | 3662 |
| New Jersey | 0 | 1055 | 0 | 1055 |
| New Mexico | 0 | 5273 | 0 | 5273 |
| New York | 0 | 86796 | 0 | 86796 |
| Ohio | 0 | 62284 | 0 | 62284 |
| Pennsylvania | 0 | 12300 | 0 | 12300 |
| Texas | 0 | 104142 | 0 | 104142 |
| Virginia | 0 | 1358 | 0 | 1358 |
| Wisconsin | 0 | 4766 | 0 | 4766 |
| U.S. Government Agencies | 0 | 4311969 | 0 | 4311969 |
| U.S. Treasury Obligations | 0 | 5450070 | 0 | 5450070 |
| Non-Agency Mortgage-Backed Securities | 0 | 96332 | 0 | 96332 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| CMBS Other | 0 | 21452 | 0 | 21452 |
| Home Equity Other | 0 | 9612 | 0 | 9612 |
| Home Equity Sequential | 0 | 25 | 0 | 25 |
| Other ABS | 0 | 139404 | 0 | 139404 |
| Sovereign Issues | 0 | 1007816 | 0 | 1007816 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Financials | 0 | 0 | 60 | 60 |
| Industrials | 0 | 0 | 3679 | 3679 |
| Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities | Convertible Preferred Securities |
| Banking & Finance | 23717 | 0 | 0 | 23717 |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | 32116 | 648575 | 0 | 680691 |
| Industrials | 0 | 8991 | 0 | 8991 |
| Utilities | 0 | 7431 | 0 | 7431 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | 0 | 13198 | 0 | 13198 |
| U.S. Treasury Bills | 0 | 2696 | 0 | 2696 |
|  | $60833 | $32381737 | $188763 | $32631333 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $885434 | $0 | $0 | $885434 |
| Total Investments | $946267 | $32381737 | $188763 | $33516767 |
| **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 | 1020 | 36527 | 0 | 37547 |
| Over the counter | 0 | 7924 | 0 | 7924 |
|  | $1020 | $44451 | $0 | $45471 |
| **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 | (694) | (17739) | 0 | (18433) |
| Over the counter | 0 | (26225) | 0 | (26225) |
|  | $(694) | $(43964) | $0 | $(44658) |
| Total Financial Derivative Instruments | $326 | $487 | $0 | $813 |
| Totals | $946593 | $32382224 | $188763 | $33517580 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

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<br> Schedule of Investments PIMCO Low Duration Portfolio June 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 111.0% ¤** |  |  |
| **CORPORATE BONDS & NOTES 21.5%**  |  |  |
| **BANKING & FINANCE 14.3%**  |  |  |
| **AerCap Ireland Capital DAC**  |  |  |
| 2.450% due 10/29/2026  | $4800 | $4678 |
| 3.875% due 01/23/2028  | 500 | 492 |
| **American Express Co.**  |  |  |
| 2.550% due 03/04/2027  | 6250 | 6088 |
| 6.338% due 10/30/2026 •  | 900 | 905 |
| **American Tower Corp.** <br>5.800% due 11/15/2028 | 2600 | 2714 |
| **Athene Global Funding**  |  |  |
| 4.860% due 08/27/2026  | 4400 | 4420 |
| 5.380% due 01/07/2030  | 2500 | 2558 |
| **Aviation Capital Group LLC** <br>4.125% due 08/01/2025 | 800 | 799 |
| **Banco Santander SA** <br>5.552% due 03/14/2028 •  | 2000 | 2033 |
| **Bank of America Corp.**  |  |  |
| 1.658% due 03/11/2027 •  | 6100 | 5985 |
| 1.734% due 07/22/2027 •  | 3000 | 2917 |
| 2.592% due 04/29/2031 •  | 7000 | 6401 |
| 4.271% due 07/23/2029 •  | 2000 | 1994 |
| 4.827% due 07/22/2026 •  | 8000 | 8000 |
| **Bank of Nova Scotia** <br>4.404% due 09/08/2028 •  | 2800 | 2805 |
| **Banque Federative du Credit Mutuel SA**  |  |  |
| 5.194% due 02/16/2028  | 2200 | 2242 |
| 5.896% due 07/13/2026  | 2500 | 2538 |
| **Barclays PLC**  |  |  |
| 4.375% due 01/12/2026  | 7000 | 6996 |
| 4.972% due 05/16/2029 •  | 1800 | 1819 |
| 6.490% due 09/13/2029 •  | 4300 | 4547 |
| **Blackstone Holdings Finance Co. LLC** <br>1.625% due 08/05/2028 | 2500 | 2304 |
| **BNP Paribas SA** <br>1.904% due 09/30/2028 •  | 10500 | 9912 |
| **BPCE SA**  |  |  |
| 5.281% due 05/30/2029  | 1700 | 1750 |
| 5.975% due 01/18/2027 •  | 1500 | 1510 |
| **Brighthouse Financial Global Funding** <br>5.550% due 04/09/2027 | 5000 | 5080 |
| **Brookfield Finance, Inc.** <br>4.250% due 06/02/2026 | 1070 | 1068 |
| **Capital One Financial Corp.** <br>7.149% due 10/29/2027 •  | 950 | 982 |
| **Chubb INA Holdings LLC** <br>4.650% due 08/15/2029 | 3800 | 3867 |
| **CNO Global Funding** <br>5.875% due 06/04/2027 | 1000 | 1027 |
| **Cooperatieve Rabobank UA**  |  |  |
| 4.494% due 10/17/2029  | 4000 | 4046 |
| 4.655% due 08/22/2028 •  | 900 | 905 |
| **COPT Defense Properties LP** <br>2.900% due 12/01/2033 | 750 | 617 |
| **Corebridge Financial, Inc.** <br>3.850% due 04/05/2029 | 3900 | 3823 |
| **Corebridge Global Funding**  |  |  |
| 5.750% due 07/02/2026  | 1000 | 1013 |
| 5.900% due 09/19/2028  | 2000 | 2092 |
| **Deutsche Bank AG**  |  |  |
| 3.035% due 05/28/2032 •  | 3400 | 3051 |
| 7.146% due 07/13/2027 •  | 5000 | 5127 |
| **DOC Dr. LLC** <br>4.300% due 03/15/2027 | 700 | 699 |
| **Equinix, Inc.** <br>3.200% due 11/18/2029 | 600 | 570 |
| **Equitable America Global Funding**  |  |  |
| 4.650% due 06/09/2028  | 1600 | 1610 |
| 4.950% due 06/09/2030  | 2100 | 2124 |
| **Fairfax Financial Holdings Ltd.**  |  |  |
| 4.850% due 04/17/2028  | 600 | 605 |
| 5.625% due 08/16/2032  | 1500 | 1542 |

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<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **GA** **Global Funding Trust** <br>1.950% due 09/15/2028 | 3600 | 3326 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 1.542% due 09/10/2027 •  | 100 | 97 |
| 2.640% due 02/24/2028 •  | 6125 | 5951 |
| 3.691% due 06/05/2028 •  | 6500 | 6410 |
| 5.727% due 04/25/2030 •  | 4600 | 4789 |
| 6.249% due 03/15/2028 ~  | 5000 | 5097 |
| **Guardian Life Global Funding** <br>5.737% due 10/02/2028 | 4000 | 4185 |
| **Healthpeak OP LLC** <br>3.250% due 07/15/2026 | 1000 | 988 |
| **HSBC Holdings PLC**  |  |  |
| 3.973% due 05/22/2030 •  | 2600 | 2533 |
| 4.292% due 09/12/2026 •  | 1300 | 1299 |
| 4.755% due 06/09/2028 •  | 3350 | 3364 |
| 5.887% due 08/14/2027 •  | 9000 | 9130 |
| **ING Groep NV** <br>5.335% due 03/19/2030 •  | 3300 | 3385 |
| **Invitation Homes Operating Partnership LP** <br>2.700% due 01/15/2034 | 400 | 331 |
| **Jackson National Life Global Funding**  |  |  |
| 4.600% due 10/01/2029  | 1700 | 1698 |
| 4.700% due 06/05/2028  | 3700 | 3724 |
| **JPMorgan Chase & Co.**  |  |  |
| 1.578% due 04/22/2027 •  | 4800 | 4689 |
| 3.540% due 05/01/2028 •  | 4300 | 4238 |
| 4.851% due 07/25/2028 •  | 10000 | 10106 |
| 5.571% due 04/22/2028 •  | 4500 | 4594 |
| 6.087% due 10/23/2029 •  | 5000 | 5256 |
| **Lloyds Banking Group PLC**  |  |  |
| 3.574% due 11/07/2028 •  | 4100 | 4015 |
| 5.985% due 08/07/2027 •  | 3700 | 3757 |
| **MassMutual Global Funding**  |  |  |
| 4.850% due 01/17/2029  | 6300 | 6405 |
| 4.950% due 01/10/2030  | 3000 | 3067 |
| **Mitsubishi UFJ Financial Group, Inc.**  |  |  |
| 4.080% due 04/19/2028 •  | 1000 | 995 |
| 5.422% due 02/22/2029 •  | 5000 | 5132 |
| **Morgan Stanley**  |  |  |
| 2.239% due 07/21/2032 •  | 4000 | 3465 |
| 3.125% due 07/27/2026  | 1000 | 988 |
| 5.164% due 04/20/2029 •  | 5400 | 5507 |
| 5.652% due 04/13/2028 •  | 8000 | 8181 |
| **Mutual of Omaha Cos. Global Funding** <br>5.450% due 12/12/2028 | 3000 | 3086 |
| **National Securities Clearing Corp.** <br>4.700% due 05/20/2030 | 2700 | 2746 |
| **NatWest Group PLC** <br>1.642% due 06/14/2027 •  | 5500 | 5354 |
| **NLG Global Funding** <br>5.400% due 01/23/2030 | 2500 | 2575 |
| **Nomura Holdings, Inc.** <br>2.999% due 01/22/2032 | 1000 | 886 |
| **Northwestern Mutual Global Funding**  |  |  |
| 4.900% due 06/12/2028  | 2000 | 2041 |
| 4.960% due 01/13/2030  | 1500 | 1533 |
| **Northwestern University** <br>4.940% due 12/01/2035 | 4300 | 4332 |
| **Pacific Life Global Funding**  |  |  |
| 1.375% due 04/14/2026  | 1200 | 1173 |
| 4.500% due 08/28/2029  | 2500 | 2514 |
| **PNC Financial Services Group, Inc.**  |  |  |
| 5.222% due 01/29/2031 •  | 2800 | 2874 |
| 5.300% due 01/21/2028 •  | 3250 | 3300 |
| **Principal Life Global Funding** <br>4.800% due 01/09/2028 | 3800 | 3847 |
| **Prologis Targeted U.S. Logistics Fund LP** <br>5.250% due 04/01/2029 | 3400 | 3494 |
| **Protective Life Global Funding**  |  |  |
| 4.992% due 01/12/2027  | 1800 | 1818 |
| 5.432% due 01/14/2032  | 3000 | 3100 |
| **Realty Income Corp.** <br>3.400% due 01/15/2030 | 700 | 670 |
| **Reinsurance Group of America, Inc.** <br>3.950% due 09/15/2026 | 300 | 298 |
| **RGA Global Funding**  |  |  |
| 5.448% due 05/24/2029  | 2000 | 2065 |
| 6.000% due 11/21/2028  | 5000 | 5248 |
| **Sammons Financial Group Global Funding**  |  |  |
| 4.950% due 06/12/2030  | 3000 | 3035 |
| 5.050% due 01/10/2028  | 1500 | 1523 |
| **Santander Holdings USA, Inc.**  |  |  |
| 2.490% due 01/06/2028 •  | 500 | 484 |
| 3.244% due 10/05/2026  | 1000 | 985 |
| 4.400% due 07/13/2027  | 300 | 300 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Santander** **U.K. Group Holdings PLC**  |  |  |
| 1.673% due 06/14/2027 •  | 1000 | 971 |
| 3.823% due 11/03/2028 •  | 300 | 294 |
| **Sumitomo Mitsui Financial Group, Inc.** <br>5.716% due 09/14/2028 | 3000 | 3120 |
| **SURA Asset Management SA** <br>4.375% due 04/11/2027 | 208 | 207 |
| **UBS Group AG**  |  |  |
| 3.091% due 05/14/2032 •  | 3900 | 3541 |
| 4.703% due 08/05/2027 •  | 4100 | 4109 |
| 6.442% due 08/11/2028 •  | 5650 | 5872 |
|  |  | 330352 |
| **INDUSTRIALS 3.2%**  |  |  |
| **Adventist Health System** <br>2.952% due 03/01/2029 | 2500 | 2325 |
| **American Airlines Pass-Through Trust** <br>3.375% due 11/01/2028 | 949 | 926 |
| **Bayer U.S. Finance LLC** <br>6.125% due 11/21/2026 | 6200 | 6303 |
| **Comcast Corp.** <br>5.100% due 06/01/2029 | 2800 | 2891 |
| **Dell International LLC** <br>6.020% due 06/15/2026 | 1154 | 1165 |
| **Elevance Health, Inc.** <br>4.750% due 02/15/2030 | 1000 | 1012 |
| **Enbridge, Inc.** <br>5.900% due 11/15/2026 | 2600 | 2647 |
| **Eni SpA** <br>5.500% due 05/15/2034 | 5400 | 5444 |
| **FactSet Research Systems, Inc.** <br>3.450% due 03/01/2032 | 500 | 456 |
| **Fiserv, Inc.** <br>4.750% due 03/15/2030 | 6250 | 6295 |
| **Global Payments, Inc.** <br>2.900% due 11/15/2031 | 500 | 442 |
| **HCA, Inc.** <br>3.125% due 03/15/2027 | 2000 | 1959 |
| **JetBlue Pass-Through Trust** <br>2.750% due 11/15/2033 | 2455 | 2154 |
| **Leland Stanford Junior University** <br>4.679% due 03/01/2035 | 3400 | 3381 |
| **Marriott International, Inc.** <br>2.750% due 10/15/2033 | 900 | 767 |
| **Mars, Inc.** <br>4.600% due 03/01/2028 | 2000 | 2017 |
| **Meta Platforms, Inc.** <br>4.300% due 08/15/2029 | 3300 | 3331 |
| **ONE Gas, Inc.** <br>5.100% due 04/01/2029 | 1800 | 1844 |
| **Philip Morris International, Inc.** <br>4.125% due 04/28/2028 | 4400 | 4392 |
| **Reliance, Inc.** <br>2.150% due 08/15/2030 | 500 | 444 |
| **RTX Corp.** <br>5.750% due 11/08/2026 | 3000 | 3056 |
| **Snam SpA** <br>5.000% due 05/28/2030 | 1600 | 1614 |
| **Sutter Health** <br>2.294% due 08/15/2030 | 2800 | 2531 |
| **T-Mobile USA, Inc.** <br>4.200% due 10/01/2029 | 2600 | 2583 |
| **United Airlines Pass-Through Trust**  |  |  |
| 2.700% due 11/01/2033  | 303 | 271 |
| 2.900% due 11/01/2029  | 1126 | 1046 |
| 4.550% due 08/25/2031  | 1120 | 1053 |
| 5.875% due 04/15/2029  | 1033 | 1055 |
| **Weir Group, Inc.** <br>5.350% due 05/06/2030 | 1100 | 1116 |
| **Woodside Finance Ltd.**  |  |  |
| 3.700% due 03/15/2028  | 700 | 683 |
| 5.100% due 09/12/2034  | 2000 | 1938 |
| **WRKCo, Inc.** <br>3.900% due 06/01/2028 | 800 | 790 |
| **Yale University** <br>4.701% due 04/15/2032 | 5300 | 5378 |
|  |  | 73309 |
| **UTILITIES 4.0%**  |  |  |
| **AES Corp.** <br>5.450% due 06/01/2028 | 2000 | 2044 |
| **Ameren Missouri Securitization Funding LLC** <br>4.850% due 10/01/2041 | 2300 | 2283 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Berkshire** **Hathaway Energy Co.** <br>3.700% due 07/15/2030 | 165 | 160 |
| **Consumers Energy Co.**  |  |  |
| 4.700% due 01/15/2030  | 1500 | 1523 |
| 4.900% due 02/15/2029  | 3500 | 3575 |
| **DTE Electric Co.** <br>4.250% due 05/14/2027 | 2600 | 2605 |
| **Empire District Bondco LLC** <br>4.943% due 01/01/2035 | 5835 | 5886 |
| **Entergy Arkansas LLC** <br>5.450% due 06/01/2034 | 3500 | 3607 |
| **Florida Power & Light Co.** <br>5.150% due 06/15/2029 | 5350 | 5539 |
| **National Rural Utilities Cooperative Finance Corp.** <br>5.100% due 05/06/2027 | 3500 | 3558 |
| **NBN Co. Ltd.** <br>1.450% due 05/05/2026 | 1000 | 975 |
| **NorthWestern Corp.** <br>5.073% due 03/21/2030 | 2000 | 2033 |
| **NSTAR Electric Co.** <br>5.600% due 10/01/2028 | 3500 | 3569 |
| **Ohio Edison Co.** <br>4.950% due 12/15/2029 | 1250 | 1268 |
| **Pacific Gas & Electric Co.**  |  |  |
| 4.400% due 03/01/2032  | 3000 | 2816 |
| 5.000% due 06/04/2028  | 1500 | 1505 |
| 5.450% due 06/15/2027  | 1600 | 1619 |
| **PG&E Recovery Funding LLC** <br>4.838% due 06/01/2035 | 3675 | 3698 |
| **Pinnacle West Capital Corp.** <br>5.150% due 05/15/2030 | 500 | 512 |
| **Southern California Edison Co.**  |  |  |
| 4.875% due 02/01/2027  | 7000 | 7043 |
| 5.300% due 03/01/2028  | 2100 | 2128 |
| **Southern California Gas Co.** <br>5.450% due 06/15/2035 | 3100 | 3167 |
| **Swepco Storm Recovery Funding LLC** <br>4.880% due 09/01/2041 | 3700 | 3679 |
| **System Energy Resources, Inc.** <br>5.300% due 12/15/2034 | 4200 | 4153 |
| **Texas Electric Market Stabilization Funding N LLC** <br>4.265% due 08/01/2036 | 9161 | 9080 |
| **Trans-Allegheny Interstate Line Co.** <br>5.000% due 01/15/2031 | 2300 | 2341 |
| **Verizon Communications, Inc.** <br>5.401% due 07/02/2037 | 812 | 817 |
| **Virginia Power Fuel Securitization LLC**  |  |  |
| 4.877% due 05/01/2033  | 5000 | 5085 |
| 5.088% due 05/01/2029  | 5349 | 5380 |
|  |  | 91648 |
| Total Corporate Bonds & Notes (Cost $493,640) |  | 495309 |
| **MUNICIPAL BONDS & NOTES 1.2%**  |  |  |
| **CALIFORNIA 0.2%**  |  |  |
| **Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021** <br>2.332% due 06/01/2027 | 2000 | 1921 |
| **University of California Revenue Notes, Series 2020** <br>1.316% due 05/15/2027 | 2600 | 2482 |
|  |  | 4403 |
| **FLORIDA 0.2%**  |  |  |
| **Miami-Dade County, Florida Revenue Notes, Series 2021**  |  |  |
| 1.154% due 10/01/2025  | 2000 | 1984 |
| 1.471% due 10/01/2026  | 700 | 677 |
| **State Board of Administration Finance Corp. Florida Revenue Notes, Series 2024** <br>5.526% due 07/01/2034 | 3400 | 3493 |
|  |  | 6154 |
| **LOUISIANA 0.1%**  |  |  |
| **Louisiana Local Government Environmental Facilities & Community Development Authority Series 2022** <br>4.275% due 02/01/2036 | 2200 | 2141 |
| **MASSACHUSETTS 0.0%**  |  |  |
| **University of Massachusetts Building Authority Revenue Bonds, (BABs), Series 2009** <br>6.423% due 05/01/2029 | 30 | 30 |
| **NEW YORK 0.3%**  |  |  |
| **New York State Urban Development Corp. Revenue Notes, Series 2019** <br>3.540% due 03/15/2028 | 7000 | 6938 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **OREGON 0.1%**  |  |  |
| **Oregon Department of Transportation State Revenue Notes, Series 2020** <br>1.084% due 11/15/2027 | 2000 | 1880 |
| **TEXAS 0.2%**  |  |  |
| **Houston Community College System, Texas General Obligation Notes, Series 2021** <br>5.000% due 02/15/2029 | 1800 | 1863 |
| **Williamson County, Texas General Obligation Notes, Series 2021** <br>0.640% due 02/15/2026 | 2500 | 2449 |
|  |  | 4312 |
| **WEST VIRGINIA 0.1%**  |  |  |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2020** <br>2.951% due 06/01/2031 | 300 | 270 |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Notes, Series 2020**  |  |  |
| 1.820% due 06/01/2026  | 800 | 781 |
| 2.551% due 06/01/2029  | 500 | 465 |
|  |  | 1516 |
| **WISCONSIN 0.0%**  |  |  |
| **Wisconsin State Revenue Notes, Series 2021** <br>1.486% due 05/01/2029 | 600 | 544 |
| Total Municipal Bonds & Notes (Cost $27,783) |  | 27918 |
| **U.S. GOVERNMENT AGENCIES 16.6%**  |  |  |
| **Fannie Mae**  |  |  |
| 0.750% due 11/25/2050 | 2187 | 1583 |
| 1.630% due 05/01/2027 | 5400 | 5164 |
| 3.020% due 03/01/2028 | 2594 | 2529 |
| 3.290% due 04/01/2027 | 6006 | 5920 |
| 4.250% due 04/01/2030 | 5800 | 5805 |
| 4.320% due 03/01/2030 | 4598 | 4616 |
| 4.600% due 04/01/2030 | 6700 | 6804 |
| 4.660% due 06/25/2037 •  | 31 | 31 |
| 4.870% due 07/25/2049 •  | 1210 | 1176 |
| 4.904% due 12/25/2046 •  | 343 | 340 |
| 4.914% due 10/25/2046 •  | 471 | 462 |
| 4.930% due 03/25/2041 •  | 711 | 706 |
| 4.964% due 01/25/2047 •  | 378 | 376 |
| 5.355% due 01/25/2055 •  | 1875 | 1871 |
| 5.455% due 03/25/2055 •  | 940 | 940 |
| 5.505% due 10/25/2053 •  | 1485 | 1491 |
| 5.524% due 07/25/2055 •  | 3947 | 3957 |
| 6.380% due 07/01/2034 •  | 23 | 23 |
| 7.007% due 10/01/2037 •  | 39 | 40 |
| **Federal Home Loan Bank**<br>1.050% due 08/13/2026 | 4800 | 4646 |
| **Freddie Mac**  |  |  |
| 0.800% due 10/28/2026 | 9200 | 8825 |
| 1.000% due 12/15/2040 - 05/25/2047 | 1620 | 1496 |
| 2.500% due 09/25/2048 | 1283 | 1189 |
| 2.862% due 07/25/2054 ~ | 3500 | 3284 |
| 3.000% due 08/15/2046 | 416 | 403 |
| 4.000% due 09/01/2048 - 10/01/2048 | 2397 | 2270 |
| 4.170% due 04/01/2028 | 5826 | 5813 |
| 4.380% due 05/01/2028 | 23 | 23 |
| 4.500% due 02/01/2049 | 1586 | 1545 |
| 4.650% due 08/25/2028 ~ | 2500 | 2537 |
| 4.814% due 10/15/2037 •  | 417 | 412 |
| 4.840% due 04/01/2028 | 2451 | 2480 |
| 4.850% due 09/25/2028 | 4300 | 4390 |
| 4.964% due 07/15/2041 •  | 563 | 558 |
| 5.245% due 11/25/2054 •  | 22651 | 22605 |
| 5.305% due 08/25/2054 •  | 2708 | 2707 |
| 5.355% due 08/25/2054 •  | 1622 | 1625 |
| 5.430% due 06/25/2031 ~ | 2600 | 2716 |
| 5.455% due 03/25/2055 •  | 3998 | 4001 |
| 6.506% due 06/01/2037 •  | 48 | 49 |
| **Ginnie Mae**  |  |  |
| 1.500% due 10/20/2045 | 1403 | 1160 |
| 4.796% due 08/20/2065 •  | 176 | 176 |
| 4.886% due 06/20/2065 •  | 148 | 148 |
| 4.903% due 09/20/2065 •  | 264 | 265 |
| 4.906% due 02/20/2067 •  | 304 | 304 |
| 4.966% due 10/20/2065 •  | 724 | 725 |
| 4.986% due 07/20/2063 •  | 64 | 65 |
| 5.016% due 06/20/2065 •  | 300 | 300 |
| 5.026% due 06/20/2065 •  | 351 | 351 |
| 5.046% due 03/20/2065 •  | 598 | 598 |
| 5.096% due 12/20/2064 - 11/20/2065 •  | 786 | 787 |
| 5.216% due 02/20/2066 •  | 3 | 2 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.326% due 04/20/2066 •  | 980 | 984 |
| 5.346% due 04/20/2066 •  | 1312 | 1317 |
| 5.446% due 01/20/2067 •  | 605 | 608 |
| **Tennessee Valley Authority**<br>4.375% due 08/01/2034 | 2700 | 2685 |
| **Uniform Mortgage-Backed Security**  |  |  |
| 2.500% due 12/01/2032 - 02/01/2035 | 1994 | 1925 |
| 3.000% due 01/01/2035 - 06/01/2052 | 20902 | 18373 |
| 3.500% due 12/01/2033 | 1389 | 1370 |
| 4.000% due 08/01/2042 - 04/01/2055 | 45437 | 42396 |
| 4.500% due 08/01/2048 - 02/01/2053 | 55882 | 53595 |
| 5.500% due 04/01/2034 - 03/01/2054 | 50306 | 50345 |
| 6.000% due 02/01/2055 - 03/01/2055 | 19756 | 20090 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 07/01/2055 | 43600 | 37734 |
| 4.000% due 08/01/2055 | 10900 | 10134 |
| 6.500% due 08/01/2055 | 18900 | 19488 |
| Total U.S. Government Agencies (Cost $383,545) |  | 383333 |
| **U.S. TREASURY OBLIGATIONS 31.7%**  |  |  |
| **U.S. Treasury Inflation Protected Securities (c)** |  |  |
| 2.125% due 01/15/2035  | 29781 | 30285 |
| **U.S. Treasury Notes**  |  |  |
| 3.500% due 09/30/2026 | 688000 | 684560 |
| 4.250% due 05/15/2035 | 17000 | 17028 |
| Total U.S. Treasury Obligations (Cost $730,162) |  | 731873 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 6.3%**  |  |  |
| **1166 Avenue of the Americas Commercial Mortgage Trust** <br>5.690% due 10/13/2037 | 1833 | 1854 |
| **1211 Avenue of the Americas Trust** <br>3.901% due 08/10/2035 | 7000 | 6719 |
| **Banc of America Commercial Mortgage Trust** <br>3.441% due 09/15/2048 | 849 | 846 |
| **BANK**  |  |  |
| 2.808% due 10/17/2052  | 2126 | 2063 |
| 2.978% due 11/15/2062  | 12500 | 11674 |
| 3.279% due 11/15/2054  | 753 | 738 |
| 3.432% due 05/15/2062  | 2023 | 1987 |
| 3.623% due 04/15/2052  | 2295 | 2261 |
| 4.005% due 02/15/2052  | 7100 | 6953 |
| 4.217% due 08/15/2061 ~  | 7000 | 6924 |
| **Barclays Commercial Mortgage Securities Trust**  |  |  |
| 3.488% due 02/15/2050  | 483 | 477 |
| 5.137% due 12/15/2057  | 2200 | 2255 |
| 5.433% due 02/15/2062  | 3200 | 3307 |
| **Benchmark Mortgage Trust**  |  |  |
| 3.615% due 03/15/2062  | 3100 | 3056 |
| 5.176% due 04/15/2057  | 2500 | 2558 |
| 5.660% due 04/15/2057  | 2800 | 2920 |
| **BMO Mortgage Trust**  |  |  |
| 5.092% due 11/15/2057  | 3500 | 3564 |
| 5.153% due 12/15/2057  | 2000 | 2041 |
| 5.462% due 02/15/2057  | 4000 | 4105 |
| 5.566% due 11/15/2057 ~  | 1000 | 1033 |
| **BX Commercial Mortgage Trust**  |  |  |
| 5.156% due 10/15/2036 •  | 387 | 387 |
| 5.347% due 12/15/2038 •  | 3387 | 3386 |
| **BX Trust**  |  |  |
| 5.015% due 09/15/2034 •  | 8609 | 8585 |
| 5.061% due 04/15/2039 •  | 1347 | 1346 |
| 5.326% due 10/15/2036 •  | 8300 | 8295 |
| **Citigroup Commercial Mortgage Trust**  |  |  |
| 3.268% due 09/15/2050  | 515 | 508 |
| 3.297% due 10/12/2050  | 1964 | 1942 |
| **COMM Mortgage Trust**  |  |  |
| 3.550% due 02/10/2049  | 25 | 25 |
| 4.181% due 05/10/2051  | 815 | 811 |
| **CSAIL Commercial Mortgage Trust** <br>3.314% due 11/15/2049 | 15 | 15 |
| **EQUS Mortgage Trust** <br>5.331% due 10/15/2038 •  | 6899 | 6899 |
| **Extended Stay America Trust** <br>5.506% due 07/15/2038 •  | 4675 | 4679 |
| **Hilton USA Trust** <br>3.719% due 11/05/2038 | 2000 | 1967 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 4.248% due 07/05/2033  | 2800 | 2660 |
| 5.505% due 07/05/2033 •  | 1072 | 1046 |
| **JPMDB Commercial Mortgage Securities Trust**  |  |  |
| 3.242% due 10/15/2050  | 475 | 469 |
| 3.409% due 10/15/2050  | 2000 | 1941 |
| **Morgan** **Stanley Capital Trust**  |  |  |
| 2.606% due 08/15/2049  | 100 | 99 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 2.860% due 11/15/2049  | 613 | 608 |
| 5.595% due 12/15/2038 •  | 4700 | 4524 |
| **Morgan Stanley Mortgage Capital Holdings Trust** <br>3.397% due 09/13/2039 | 3400 | 3202 |
| **New Orleans Hotel Trust** <br>5.348% due 04/15/2032 •  | 2700 | 2681 |
| **SFO Commercial Mortgage Trust** <br>5.576% due 05/15/2038 •  | 1700 | 1693 |
| **SMRT Commercial Mortgage Trust** <br>5.312% due 01/15/2039 •  | 1926 | 1920 |
| **SREIT Trust** <br>5.126% due 10/15/2038 •  | 2400 | 2393 |
| **Starwood Mortgage Trust** <br>5.284% due 11/15/2036 •  | 2550 | 2541 |
| **UBS Commercial Mortgage Trust**  |  |  |
| 3.215% due 08/15/2050  | 1132 | 1118 |
| 3.460% due 04/15/2052  | 2439 | 2394 |
| 3.903% due 02/15/2051  | 827 | 823 |
| 4.119% due 06/15/2051  | 1149 | 1142 |
| **Wells Fargo Commercial Mortgage Trust**  |  |  |
| 2.514% due 08/15/2049  | 113 | 113 |
| 2.911% due 06/15/2049  | 98 | 98 |
| 3.390% due 11/15/2050  | 500 | 495 |
| 4.147% due 06/15/2051  | 354 | 353 |
| 5.439% due 11/15/2057  | 4100 | 4217 |
| 5.920% due 11/15/2057 ~  | 2700 | 2830 |
| Total Non-Agency Mortgage-Backed Securities (Cost $143,633) |  | 145540 |
| **ASSET-BACKED SECURITIES 12.7%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 4.5%**  |  |  |
| **Avis Budget Rental Car Funding AESOP LLC**  |  |  |
| 5.250% due 04/20/2029  | 4000 | 4082 |
| 5.360% due 06/20/2030  | 7000 | 7196 |
| 5.440% due 02/22/2028  | 4000 | 4053 |
| 5.780% due 04/20/2028  | 6400 | 6533 |
| 6.020% due 02/20/2030  | 6550 | 6858 |
| **Bank of America Auto Trust** <br>5.660% due 11/15/2029 | 2000 | 2043 |
| **Capital One Prime Auto Receivables Trust** <br>5.820% due 06/15/2028 | 3500 | 3544 |
| **CarMax Auto Owner Trust**  |  |  |
| 5.300% due 03/15/2027  | 1349 | 1351 |
| 6.000% due 07/17/2028  | 5000 | 5073 |
| **Chesapeake Funding LLC** <br>5.520% due 05/15/2036 | 1651 | 1668 |
| **Ford Credit Auto Lease Trust** <br>5.060% due 05/15/2027 | 6000 | 6013 |
| **Ford Credit Auto Owner Trust** <br>5.280% due 02/15/2036 | 3700 | 3815 |
| **GM Financial Consumer Automobile Receivables Trust** <br>5.780% due 08/16/2028 | 4700 | 4755 |
| **GM Financial Revolving Receivables Trust** <br>5.770% due 08/11/2036 | 6000 | 6285 |
| **Hertz Vehicle Financing LLC** <br>6.150% due 03/25/2030 | 3400 | 3552 |
| **Honda Auto Receivables Owner Trust** <br>4.570% due 03/21/2029 | 3700 | 3722 |
| **Hyundai Auto Lease Securitization Trust**  |  |  |
| 4.530% due 04/17/2028  | 5000 | 5037 |
| 5.840% due 09/15/2027  | 8700 | 8773 |
| **Nissan Auto Lease Trust** <br>4.910% due 04/15/2027 | 6000 | 6024 |
| **SFS Auto Receivables Securitization Trust**  |  |  |
| 5.470% due 10/20/2028  | 3130 | 3152 |
| 5.470% due 12/20/2029  | 3200 | 3258 |
| **Toyota Lease Owner Trust** <br>5.660% due 11/20/2026 | 1449 | 1454 |
| **World Omni Auto Receivables Trust** <br>5.150% due 11/15/2028 | 4141 | 4160 |
|  |  | 102401 |
| **CMBS OTHER 1.9%**  |  |  |
| **ACREC Ltd.** <br>5.579% due 10/16/2036 •  | 601 | 600 |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.776% due 11/15/2036 •  | 1866 | 1870 |
| **AREIT Trust**  |  |  |
| 5.551% due 01/20/2037 •  | 1854 | 1852 |
| 6.556% due 06/17/2039 •  | 5777 | 5782 |
| **BDS** **LLC**  |  |  |
| 6.121% due 03/19/2039 •  | 3667 | 3676 |
| 6.454% due 08/19/2038 •  | 1136 | 1137 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **BDS Ltd.** <br>5.779% due 12/16/2036 •  | 2074 | 2077 |
| **BSPRT Issuer Ltd.** <br>6.608% due 07/15/2039 •  | 1400 | 1404 |
| **FORT CRE Issuer LLC** <br>6.152% due 02/23/2039 •  | 33 | 33 |
| **FS Rialto Issuer LLC** <br>6.202% due 01/19/2039 •  | 2191 | 2196 |
| **Greystone Commercial Real Estate LLC** <br>5.793% due 01/15/2043 •  | 2150 | 2153 |
| **HGI CRE CLO Ltd.** <br>6.004% due 04/20/2037 •  | 2320 | 2327 |
| **LoanCore Issuer Ltd.**  |  |  |
| 5.726% due 11/15/2038 •  | 1933 | 1936 |
| 5.853% due 01/17/2037 •  | 1883 | 1887 |
| **MF1 LLC** <br>6.953% due 09/17/2037 •  | 2542 | 2551 |
| **MF1 Ltd.** <br>5.668% due 02/19/2037 •  | 3641 | 3644 |
| **PFP Ltd.** <br>6.586% due 08/19/2035 •  | 2573 | 2577 |
| **Starwood Commercial Mortgage Trust** <br>5.629% due 04/18/2038 •  | 3221 | 3212 |
| **TPG Real Estate Finance Issuer Ltd.** <br>5.964% due 02/15/2039 •  | 3623 | 3631 |
|  |  | 44545 |
| **CREDIT CARD BULLET 0.6%**  |  |  |
| **American Express Credit Account Master Trust** <br>4.950% due 10/15/2027 | 3800 | 3805 |
| **Bank of America Credit Card Trust** <br>4.790% due 05/15/2028 | 5600 | 5626 |
| **Citibank Credit Card Issuance Trust** <br>5.230% due 12/08/2027 | 3900 | 3912 |
|  |  | 13343 |
| **CREDIT CARD OTHER 0.6%**  |  |  |
| **Capital One Multi-Asset Execution Trust**  |  |  |
| 4.420% due 05/15/2028  | 5600 | 5607 |
| 4.950% due 10/15/2027  | 5200 | 5206 |
| **Synchrony Card Funding LLC** <br>5.740% due 10/15/2029 | 3700 | 3769 |
|  |  | 14582 |
| **OTHER ABS 5.1%**  |  |  |
| **Anchorage Capital CLO Ltd.** <br>5.319% due 10/20/2034 •  | 2800 | 2801 |
| **Apidos CLO** <br>5.520% due 04/17/2034 •  | 2500 | 2499 |
| **Atlas Senior Loan Fund Ltd.**  |  |  |
| 5.379% due 01/18/2035 •  | 2000 | 1999 |
| 5.499% due 10/23/2032 •  | 4337 | 4343 |
| 5.608% due 01/15/2031 •  | 119 | 119 |
| 5.614% due 04/22/2031 •  | 347 | 347 |
| **Bain Capital Credit CLO Ltd.** <br>0.000% due 04/22/2035 •(a) | 1500 | 1500 |
| **Barings CLO Ltd.** <br>5.521% due 01/20/2031 •  | 528 | 529 |
| **Bethpage Park CLO Ltd.** <br>5.648% due 01/15/2035 •  | 3700 | 3708 |
| **Birch Grove CLO Ltd.** <br>5.870% due 07/17/2037 •  | 4100 | 4116 |
| **Carlyle Global Market Strategies CLO Ltd.** <br>5.594% due 07/27/2031 •  | 377 | 377 |
| **Carval CLO Ltd.** <br>5.259% due 07/20/2032 •  | 3058 | 3060 |
| **CBAMR Ltd.** <br>5.886% due 07/15/2037 •  | 6000 | 6016 |
| **CIFC Funding Ltd.** <br>5.631% due 07/18/2031 •  | 1185 | 1186 |
| **DLLAD LLC** <br>0.640% due 09/21/2026 | 137 | 137 |
| **DLLMT LLC** <br>5.340% due 03/22/2027 | 5069 | 5089 |
| **Dryden CLO Ltd.** <br>5.362% due 08/20/2034 •  | 2300 | 2295 |
| **ECMC Group Student Loan Trust**  |  |  |
| 5.170% due 02/27/2068 •  | 952 | 944 |
| 5.220% due 09/25/2068 •  | 1586 | 1571 |
| 5.420% due 07/25/2069 •  | 2089 | 2082 |
| 5.420% due 01/27/2070 •  | 945 | 950 |
| 5.470% due 05/25/2067 •  | 626 | 623 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Elevation CLO Ltd.** <br>5.412% due 07/25/2034 •  | 1500 | 1502 |
| **Elmwood CLO Ltd.** <br>5.612% due 04/22/2035 •  | 5300 | 5300 |
| **Flatiron CLO Ltd.** <br>5.505% due 11/16/2034 •  | 916 | 917 |
| **KKR CLO Ltd.** <br>5.518% due 04/15/2031 •  | 512 | 513 |
| **LCM Ltd.** <br>5.611% due 04/20/2031 •  | 1074 | 1077 |
| **Madison Park Funding Ltd.**  |  |  |
| 5.256% due 10/15/2034 •  | 5800 | 5807 |
| 5.316% due 04/15/2035 •  | 2000 | 1992 |
| 5.319% due 10/19/2034 •  | 2600 | 2597 |
| **Magnetite Ltd.**  |  |  |
| 5.406% due 10/15/2031 •  | 615 | 615 |
| 5.606% due 04/15/2035 •  | 2800 | 2803 |
| **Marathon CLO Ltd.** <br>5.456% due 04/15/2032 •  | 1364 | 1366 |
| **Navient Private Education Loan Trust** <br>5.876% due 07/16/2040 •  | 1015 | 1020 |
| **Navient Student Loan Trust**  |  |  |
| 5.570% due 07/26/2066 •  | 3506 | 3521 |
| 6.480% due 03/15/2072  | 685 | 702 |
| **Nelnet Student Loan Trust** <br>5.462% due 04/20/2062 •  | 4800 | 4758 |
| **Neuberger Berman CLO** <br>5.438% due 10/15/2029 •  | 878 | 879 |
| **Newark BSL CLO Ltd.** <br>5.513% due 07/25/2030 •  | 309 | 309 |
| **Octagon Investment Partners Ltd.** <br>5.309% due 01/20/2035 •  | 4400 | 4376 |
| **OZLM Ltd.** <br>5.691% due 07/20/2032 •  | 1067 | 1068 |
| **Palmer Square Loan Funding Ltd.** <br>5.318% due 10/15/2029 •  | 94 | 94 |
| **Saranac CLO Ltd.** <br>5.724% due 08/13/2031 •  | 1354 | 1353 |
| **Sculptor CLO Ltd.** <br>5.329% due 07/20/2034 •  | 4500 | 4501 |
| **SLM Private Education Loan Trust** <br>9.176% due 10/15/2041 •  | 1679 | 1761 |
| **SMB Private Education Loan Trust**  |  |  |
| 3.630% due 11/15/2035  | 2517 | 2486 |
| 5.130% due 04/15/2054  | 1975 | 1999 |
| 5.156% due 01/15/2053 •  | 1975 | 1965 |
| 5.754% due 02/16/2055 •  | 639 | 645 |
| **Symphony CLO Ltd.** <br>5.511% due 04/19/2034 •  | 1000 | 1001 |
| **Tralee CLO Ltd.** <br>5.349% due 10/20/2034 •  | 2100 | 2103 |
| **Venture CLO Ltd.** <br>5.521% due 07/20/2030 •  | 779 | 779 |
| **Verdelite Static CLO Ltd.** <br>5.399% due 07/20/2032 •  | 3532 | 3527 |
| **Verizon Master Trust**  |  |  |
| 4.170% due 08/20/2030  | 3900 | 3909 |
| 4.350% due 08/20/2032  | 2500 | 2510 |
| **Voya CLO Ltd.** <br>5.329% due 04/20/2034 •  | 1200 | 1195 |
|  |  | 117241 |
| Total Asset-Backed Securities (Cost $289,191) |  | 292112 |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **CDP Financial, Inc.** <br>4.250% due 07/25/2028 | 1800 | 1819 |
| **Mexico Government International Bond** <br>6.000% due 05/13/2030 | 1100 | 1139 |
| **Province of Quebec** <br>2.500% due 04/20/2026 | 2200 | 2172 |
| Total Sovereign Issues (Cost $5,077) |  | 5130 |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **FINANCIALS 0.0%**  |  |  |
| **MNSN Holdings, Inc. «(b)(d)** | 1397 | 6 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Common Stocks (Cost $27) |  | 6 |
| **PREFERRED SECURITIES 0.0%**  |  |  |
| **INDUSTRIALS 0.0%**  |  |  |
| **SVB Financial Trust**<br>11.000% due 11/07/2032 | 1593 | 844 |
| Total Preferred Securities (Cost $1,548) |  | 844 |
| **SHORT-TERM INSTRUMENTS 20.8%**  |  |  |
| **REPURCHASE AGREEMENTS (e) 20.8%** |  | 480100 |
| Total Short-Term Instruments (Cost $480,100) |  | 480100 |
| Total Investments in Securities (Cost $2,554,706) |  | 2562165 |
| Total Investments 111.0% (Cost $2,554,706) |  | $2562165 |
| **Financial Derivative Instruments (f) (0.0)**%(Cost or Premiums, net $487) |  | (190) |
| Other Assets and Liabilities, net (11.0)% |  | (253938) |
| Net Assets 100.0% |  | $2308037 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) June 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:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(c)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(d)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Issuer Description | Issuer Description |  |  | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Cost |  | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets | Market Value<br>as Percentage<br>of Net Assets |
| MNSN Holdings, Inc. | MNSN Holdings, Inc. | MNSN Holdings, Inc. | MNSN Holdings, Inc. | MNSN Holdings, Inc. |  |  | 06/23/2022 | 06/23/2022 | 27 | 27 | 27 | $ | 6 | 6 | 0.00 | 0.00% |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(e)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Lending<br>Rate | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value |  | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | BOS | 4.440%  | 07/01/2025 | $37600 | 37600 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | $(38412) | (38412) | (38412) | $37600 | 37600 | $ | $37605 |
|  |  | 4.450  | 07/01/2025 | 221000 | 221000 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 09/30/2027 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 09/30/2027 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 09/30/2027 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 09/30/2027 | (225611) | (225611) | (225611) | 221000 | 221000 |  | 221027 |
| DEU | DEU | 4.470  | 07/02/2025 | 221500 | 221500 | &nbsp;&nbsp; U.S. Treasury Inflation Protected Securities 1.625% due 04/15/2030 | &nbsp;&nbsp; U.S. Treasury Inflation Protected Securities 1.625% due 04/15/2030 | &nbsp;&nbsp; U.S. Treasury Inflation Protected Securities 1.625% due 04/15/2030 | &nbsp;&nbsp; U.S. Treasury Inflation Protected Securities 1.625% due 04/15/2030 | (226197) | (226197) | (226197) | 221500 | 221500 |  | 221500 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  | $**(490220)** | **(490220)** | **(490220)** | $**480100** | **480100** | **$** | $**480132** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| **(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** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | 09/2025 | 3213 | 3213 | 668379 | $2432 | 2432 | 2432 | 2432 | $176 | 176 | 176 | $ | 0 |
| U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | 09/2025 | 18 | 18 | 2018 | 35 | 35 | 35 | 35 | 6 | 6 | 6 |  | 0 |
| U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | 09/2025 | 133 | 133 | 15197 | 216 | 216 | 216 | 216 | 64 | 64 | 64 |  | 0 |
|  |  |  |  |  |  |  |  | 2683 | 2683 | 2683 | $ | 246 | 246 | $ | $ | 0 |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | 09/2025 | 41 | 41 | (4884) | $(208) | (208) | (208) | (208) | $0 | 0 | 0 | $ | (55) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **2475** | **2475** | **2475** | **$** | **246** | **246** | **$** | **$** | **(55)** |

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<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) June 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:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** | **SWAP** **AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>June 30, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(2)</sup> | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> |  | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset |  | Liability |
| Boeing Co.  | Boeing Co.  | Boeing Co.  | 1.000% | 06/20/2026 | 06/20/2026 | 0.296 | % | $1200 | 1200 | $ | (6) | $ | 14 | $ | 8 | 8 | 0 | $ | 0 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 06/20/2028 | 06/20/2028 | 0.416 |  | 1900 | 1900 |  | (5) |  | 37 |  | 32 | 32 | 1 |  | 0 |
|  |  |  |  |  |  |  |  |  |  | $ | (11) | $ | 51 | $ | 40 | 40 | 1 | $ | 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** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <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 | Maturity<br>Date |  | Notional<br>Amount | 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 | Asset | Asset | Liability |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.510% | Annual | 11/30/2028 | $ | 6100 | 6100 | 6100 | $0 | 0 | $10 | 10 | $10 | 10 | 0 | 0 | $(6) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.515 | Annual | 11/30/2028 |  | 6500 | 6500 | 6500 | 0 | 0 | 10 | 10 | 10 | 10 | 0 | 0 | (7) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 02/28/2029 |  | 13200 | 13200 | 13200 | (24) | (24) | 114 | 114 | 90 | 90 | 0 | 0 | (14) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.620 | Annual | 11/30/2029 |  | 64466 | 64466 | 64466 | (77) | (77) | (599) | (599) | (676) | (676) | 0 | 0 | (95) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.620 | Annual | 02/14/2030 |  | 14100 | 14100 | 14100 | 145 | 145 | (231) | (231) | (86) | (86) | 0 | 0 | (21) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.328 | Annual | 04/30/2031 |  | 2400 | 2400 | 2400 | 0 | 0 | 22 | 22 | 22 | 22 | 0 | 0 | (5) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.431 | Annual | 04/30/2031 |  | 3900 | 3900 | 3900 | 0 | 0 | 13 | 13 | 13 | 13 | 0 | 0 | (8) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 06/30/2031 |  | 7100 | 7100 | 7100 | 0 | 0 | 115 | 115 | 115 | 115 | 0 | 0 | (15) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 |  | 58723 | 58723 | 58723 | (58) | (58) | (840) | (840) | (898) | (898) | 0 | 0 | (152) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.012 | Annual | 02/14/2035 |  | 7700 | 7700 | 7700 | (75) | (75) | (129) | (129) | (204) | (204) | 0 | 0 | (30) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 02/12/2055 |  | 4100 | 4100 | 4100 | 587 | 587 | 92 | 92 | 679 | 679 | 0 | 0 | (29) |
|  |  |  |  |  |  |  |  |  |  | $ | 498 | $ | (1423) | $ | (925) | (925) | 0 | $ | (382) |
| **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** | **$** | **487** | **$** | **(1372)** | **$** | **(885)** | **(885)** | **1** | **$** | **(382)** |
| <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $18,662 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 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. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |  |
| **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** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | $0 | 0 | 0 | $ | 330352 | $ | 0 | $ | $330352 | 330352 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 |  | 73309 |  | 0 |  | 73309 | 73309 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 |  | 91648 |  | 0 |  | 91648 | 91648 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| California | California | California | California | California | California | California | California | California | 0 | 0 | 0 |  | 4403 |  | 0 |  | 4403 | 4403 |  |
| Florida | Florida | Florida | Florida | Florida | Florida | Florida | Florida | Florida | 0 | 0 | 0 |  | 6154 |  | 0 |  | 6154 | 6154 |  |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Louisiana | 0 | 2141 | 0 | 2141 |
| Massachusetts | 0 | 30 | 0 | 30 |
| New York | 0 | 6938 | 0 | 6938 |
| Oregon | 0 | 1880 | 0 | 1880 |
| Texas | 0 | 4312 | 0 | 4312 |
| West Virginia | 0 | 1516 | 0 | 1516 |
| Wisconsin | 0 | 544 | 0 | 544 |
| U.S. Government Agencies | 0 | 383333 | 0 | 383333 |
| U.S. Treasury Obligations | 0 | 731873 | 0 | 731873 |
| Non-Agency Mortgage-Backed Securities | 0 | 145540 | 0 | 145540 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile Sequential | 0 | 102401 | 0 | 102401 |
| CMBS Other | 0 | 44545 | 0 | 44545 |
| Credit Card Bullet | 0 | 13343 | 0 | 13343 |
| Credit Card Other | 0 | 14582 | 0 | 14582 |
| Other ABS | 0 | 117241 | 0 | 117241 |
| Sovereign Issues | 0 | 5130 | 0 | 5130 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Financials | 0 | 0 | 6 | 6 |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Industrials | 0 | 844 | 0 | 844 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Repurchase Agreements | 0 | 480100 | 0 | 480100 |
| Total Investments | $0 | $2562159 | $6 | $2562165 |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | $0 | $247 | $0 | $247 |
| **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 | $(437) | $0 | $(437) |
| Total Financial Derivative Instruments | $0 | $(190) | $0 | $(190) |
| Totals | $0 | $2561969 | $6 | $2561975 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Portfolio June 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 123.5% ¤** |  |  |
| **CORPORATE BONDS & NOTES 21.4%**  |  |  |
| **BANKING & FINANCE 12.7%**  |  |  |
| **AerCap Ireland Capital DAC**  |  |  |
| 2.450% due 10/29/2026  | $4000 | $3898 |
| 4.625% due 09/10/2029  | 3650 | 3652 |
| **American Express Co.** <br>6.489% due 10/30/2031 •  | 2100 | 2289 |
| **Ameriprise Financial, Inc.** <br>5.700% due 12/15/2028 | 1300 | 1363 |
| **Andrew W Mellon Foundation** <br>0.947% due 08/01/2027 | 7000 | 6576 |
| **Athene Global Funding**  |  |  |
| 4.860% due 08/27/2026  | 6700 | 6730 |
| 5.380% due 01/07/2030  | 4500 | 4604 |
| **Aviation Capital Group LLC** <br>4.125% due 08/01/2025 | 600 | 599 |
| **Banco Bilbao Vizcaya Argentaria SA** <br>5.381% due 03/13/2029 | 3000 | 3091 |
| **Banco Santander SA** <br>6.033% due 01/17/2035 | 2200 | 2319 |
| **Bank of America Corp.**  |  |  |
| 1.922% due 10/24/2031 •  | 2900 | 2530 |
| 3.419% due 12/20/2028 •  | 2000 | 1955 |
| **Bank of Nova Scotia**  |  |  |
| 4.404% due 09/08/2028 •  | 1000 | 1002 |
| 4.740% due 11/10/2032 •  | 2000 | 1999 |
| **Banque Federative du Credit Mutuel SA**  |  |  |
| 5.790% due 07/13/2028  | 5550 | 5763 |
| 5.896% due 07/13/2026  | 3450 | 3503 |
| **Barclays PLC**  |  |  |
| 2.667% due 03/10/2032 •  | 1400 | 1244 |
| 2.894% due 11/24/2032 •  | 8000 | 7083 |
| 7.437% due 11/02/2033 •  | 9300 | 10558 |
| **BNP Paribas SA**  |  |  |
| 1.904% due 09/30/2028 •  | 5900 | 5570 |
| 2.871% due 04/19/2032 •  | 7050 | 6320 |
| 3.052% due 01/13/2031 •  | 4400 | 4095 |
| **BPCE SA** <br>5.936% due 05/30/2035 •  | 1200 | 1230 |
| **Brighthouse Financial Global Funding** <br>5.650% due 06/10/2029 | 3000 | 3077 |
| **Brookfield Asset Management Ltd.** <br>5.795% due 04/24/2035 | 5750 | 5903 |
| **Brookfield Finance, Inc.** <br>4.350% due 04/15/2030 | 550 | 543 |
| **CaixaBank SA** <br>5.673% due 03/15/2030 •  | 5000 | 5172 |
| **Capital One Financial Corp.** <br>7.624% due 10/30/2031 •  | 3100 | 3503 |
| **Chubb INA Holdings LLC** <br>4.650% due 08/15/2029 | 5500 | 5597 |
| **Citigroup, Inc.** <br>2.572% due 06/03/2031 •  | 5600 | 5080 |
| **CNO Global Funding** <br>5.875% due 06/04/2027 | 2000 | 2055 |
| **Consumers Securitization Funding LLC** <br>5.550% due 03/01/2028 | 3134 | 3157 |
| **Cooperatieve Rabobank UA**  |  |  |
| 4.494% due 10/17/2029  | 4000 | 4047 |
| 5.710% due 01/21/2033 •  | 4000 | 4166 |
| **Corebridge Global Funding**  |  |  |
| 5.750% due 07/02/2026  | 6000 | 6078 |
| 5.900% due 09/19/2028  | 2000 | 2092 |
| **Deutsche Bank AG** <br>7.146% due 07/13/2027 •  | 6000 | 6153 |
| **Equitable America Global Funding** <br>4.950% due 06/09/2030 | 5200 | 5259 |
| **Extra Space Storage LP** <br>5.400% due 06/15/2035 | 3250 | 3269 |
| **F&G Global Funding** <br>5.875% due 01/16/2030 | 1800 | 1852 |
| **Fairfax Financial Holdings Ltd.** <br>5.750% due 05/20/2035 | 6000 | 6086 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **First** **American Financial Corp.** <br>2.400% due 08/15/2031 | 2100 | 1795 |
| **GA Global Funding Trust**  |  |  |
| 1.625% due 01/15/2026  | 1600 | 1573 |
| 5.400% due 01/13/2030  | 5700 | 5856 |
| **Goldman Sachs Group, Inc.** <br>3.691% due 06/05/2028 •  | 7175 | 7076 |
| **Guardian Life Global Funding** <br>5.737% due 10/02/2028 | 6000 | 6278 |
| **HSBC Holdings PLC**  |  |  |
| 2.848% due 06/04/2031 •  | 1550 | 1417 |
| 3.973% due 05/22/2030 •  | 5000 | 4870 |
| 4.292% due 09/12/2026 •  | 1500 | 1499 |
| **ING Groep NV**  |  |  |
| 5.423% due 04/01/2027 •  | 4000 | 4011 |
| 5.550% due 03/19/2035 •  | 4500 | 4610 |
| **Invitation Homes Operating Partnership LP** <br>2.000% due 08/15/2031 | 1800 | 1534 |
| **Jackson National Life Global Funding**  |  |  |
| 4.600% due 10/01/2029  | 2700 | 2697 |
| 4.700% due 06/05/2028  | 5600 | 5636 |
| **JPMorgan Chase & Co.**  |  |  |
| 1.953% due 02/04/2032 •  | 13900 | 12058 |
| 2.739% due 10/15/2030 •  | 2700 | 2518 |
| 5.581% due 04/22/2030 •  | 3500 | 3635 |
| **KKR Group Finance Co. LLC** <br>3.750% due 07/01/2029 | 1600 | 1554 |
| **Lloyds Banking Group PLC**  |  |  |
| 3.574% due 11/07/2028 •  | 7800 | 7638 |
| 4.550% due 08/16/2028  | 2000 | 2007 |
| **LSEGA Financing PLC** <br>2.000% due 04/06/2028 | 1400 | 1319 |
| **MassMutual Global Funding**  |  |  |
| 4.850% due 01/17/2029  | 8400 | 8540 |
| 4.950% due 01/10/2030  | 3000 | 3067 |
| 5.150% due 05/30/2029  | 2900 | 2983 |
| **Metropolitan Life Global Funding** <br>1.875% due 01/11/2027 | 5500 | 5318 |
| **Mitsubishi UFJ Financial Group, Inc.** <br>2.048% due 07/17/2030 | 6000 | 5331 |
| **Mizuho Financial Group, Inc.**  |  |  |
| 1.979% due 09/08/2031 •  | 2000 | 1750 |
| 2.172% due 05/22/2032 •  | 15450 | 13365 |
| **Morgan Stanley**  |  |  |
| 2.239% due 07/21/2032 •  | 1100 | 953 |
| 2.475% due 01/21/2028 •  | 16100 | 15633 |
| 5.656% due 04/18/2030 •  | 2000 | 2078 |
| **Mutual of Omaha Cos. Global Funding** <br>5.800% due 07/27/2026 | 2200 | 2234 |
| **National Securities Clearing Corp.** <br>4.700% due 05/20/2030 | 4000 | 4068 |
| **NatWest Group PLC**  |  |  |
| 1.642% due 06/14/2027 •  | 10000 | 9734 |
| 4.800% due 04/05/2026  | 3000 | 3007 |
| **NLG Global Funding** <br>5.400% due 01/23/2030 | 3800 | 3914 |
| **Northwestern Mutual Global Funding**  |  |  |
| 4.900% due 06/12/2028  | 4000 | 4081 |
| 4.960% due 01/13/2030  | 1300 | 1328 |
| **Northwestern University** <br>4.940% due 12/01/2035 | 6000 | 6045 |
| **Pacific Life Global Funding** <br>4.500% due 08/28/2029 | 5150 | 5179 |
| **PNC Financial Services Group, Inc.**  |  |  |
| 5.222% due 01/29/2031 •  | 4400 | 4517 |
| 5.300% due 01/21/2028 •  | 1750 | 1777 |
| **Pricoa Global Funding** <br>4.650% due 08/27/2031 | 4300 | 4312 |
| **Principal Life Global Funding** <br>4.800% due 01/09/2028 | 5500 | 5568 |
| **Prologis Targeted U.S. Logistics Fund LP** <br>5.500% due 04/01/2034 | 5600 | 5723 |
| **Protective Life Global Funding**  |  |  |
| 1.618% due 04/15/2026  | 3000 | 2937 |
| 4.992% due 01/12/2027  | 1800 | 1818 |
| 5.432% due 01/14/2032  | 2000 | 2067 |
| 5.467% due 12/08/2028  | 1000 | 1035 |
| **RGA Global Funding**  |  |  |
| 2.700% due 01/18/2029  | 2500 | 2346 |
| 5.448% due 05/24/2029  | 4200 | 4337 |
| 6.000% due 11/21/2028  | 5000 | 5248 |
| **Safehold GL Holdings LLC** <br>6.100% due 04/01/2034 | 5800 | 6041 |
| **Sammons Financial Group Global Funding**  |  |  |
| 4.950% due 06/12/2030  | 5750 | 5816 |
| 5.050% due 01/10/2028  | 1500 | 1523 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Santander** **U.K. Group Holdings PLC**  |  |  |
| 1.532% due 08/21/2026 •  | 2000 | 1991 |
| 1.673% due 06/14/2027 •  | 1000 | 972 |
| 2.469% due 01/11/2028 •  | 2700 | 2615 |
| 3.823% due 11/03/2028 •  | 4000 | 3921 |
| **SBA Tower Trust** <br>1.884% due 07/15/2050 | 8000 | 7870 |
| **SMBC Aviation Capital Finance DAC** <br>5.700% due 07/25/2033 | 3900 | 4001 |
| **Sumitomo Mitsui Financial Group, Inc.** <br>3.040% due 07/16/2029 | 7500 | 7111 |
| **UBS Group AG**  |  |  |
| 2.095% due 02/11/2032 •  | 12000 | 10383 |
| 3.091% due 05/14/2032 •  | 6600 | 5993 |
| 4.703% due 08/05/2027 •  | 4000 | 4009 |
| **Wells Fargo & Co.**  |  |  |
| 2.393% due 06/02/2028 •  | 2800 | 2699 |
| 4.478% due 04/04/2031 •  | 10000 | 9955 |
|  |  | 455836 |
| **INDUSTRIALS 4.5%**  |  |  |
| **Adventist Health System** <br>2.952% due 03/01/2029 | 4299 | 3997 |
| **Air Canada Pass-Through Trust** <br>3.750% due 06/15/2029 | 311 | 303 |
| **American Airlines Pass-Through Trust**  |  |  |
| 2.875% due 01/11/2036  | 1386 | 1224 |
| 3.375% due 11/01/2028  | 3015 | 2940 |
| 3.650% due 02/15/2029  | 1907 | 1846 |
| **Bayer U.S. Finance LLC**  |  |  |
| 6.375% due 11/21/2030  | 2000 | 2126 |
| 6.500% due 11/21/2033  | 1800 | 1931 |
| **Bon Secours Mercy Health, Inc.** <br>3.464% due 06/01/2030 | 12000 | 11540 |
| **British Airways Pass-Through Trust** <br>2.900% due 09/15/2036 | 582 | 525 |
| **CGI, Inc.** <br>4.950% due 03/14/2030 | 3000 | 3031 |
| **CHRISTUS Health** <br>4.341% due 07/01/2028 | 3000 | 3001 |
| **Comcast Corp.** <br>5.100% due 06/01/2029 | 2000 | 2065 |
| **CommonSpirit Health** <br>2.782% due 10/01/2030 | 4700 | 4306 |
| **CVS Pass-Through Trust** <br>7.507% due 01/10/2032 | 813 | 851 |
| **Eastern Energy Gas Holdings LLC** <br>5.800% due 01/15/2035 | 4100 | 4270 |
| **Elevance Health, Inc.**  |  |  |
| 2.550% due 03/15/2031  | 3200 | 2874 |
| 5.200% due 02/15/2035  | 3200 | 3235 |
| **Energy Transfer LP** <br>5.200% due 04/01/2030 | 2200 | 2250 |
| **Eni SpA** <br>5.500% due 05/15/2034 | 8100 | 8166 |
| **Fiserv, Inc.**  |  |  |
| 4.750% due 03/15/2030  | 5000 | 5036 |
| 5.150% due 08/12/2034  | 1200 | 1205 |
| **Georgetown University** <br>2.247% due 04/01/2030 | 4500 | 4075 |
| **Greensaif Pipelines Bidco SARL** <br>5.853% due 02/23/2036 | 1500 | 1519 |
| **JetBlue Pass-Through Trust** <br>2.750% due 11/15/2033 | 5952 | 5222 |
| **Kraft Heinz Foods Co.** <br>5.400% due 03/15/2035 | 2500 | 2535 |
| **Leland Stanford Junior University** <br>4.679% due 03/01/2035 | 5300 | 5271 |
| **Mars, Inc.**  |  |  |
| 4.800% due 03/01/2030  | 3500 | 3547 |
| 5.000% due 03/01/2032  | 2700 | 2737 |
| **ONE Gas, Inc.** <br>5.100% due 04/01/2029 | 2700 | 2767 |
| **PeaceHealth Obligated Group** <br>1.375% due 11/15/2025 | 3100 | 3056 |
| **Philip Morris International, Inc.** <br>4.375% due 04/30/2030 | 5100 | 5089 |
| **Providence St. Joseph Health Obligated Group** <br>5.403% due 10/01/2033 | 3000 | 3035 |
| **Smith & Nephew PLC** <br>5.400% due 03/20/2034 | 4825 | 4896 |
| **Snam SpA** <br>5.750% due 05/28/2035 | 2000 | 2044 |
| **Stryker Corp.** <br>4.250% due 09/11/2029 | 1800 | 1798 |

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------

<br> Schedule of Investments PIMCO Moderate Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Sutter** **Health**  |  |  |
| 2.294% due 08/15/2030  | 7700 | 6959 |
| 3.695% due 08/15/2028  | 1300 | 1281 |
| 5.213% due 08/15/2032  | 2100 | 2159 |
| 5.537% due 08/15/2035  | 400 | 414 |
| **Synopsys, Inc.** <br>5.000% due 04/01/2032 | 2800 | 2837 |
| **T-Mobile USA, Inc.** <br>4.700% due 01/15/2035 | 3350 | 3247 |
| **Trustees of Columbia University in the City of New York** <br>4.355% due 10/01/2035 | 670 | 644 |
| **United Airlines Pass-Through Trust**  |  |  |
| 2.700% due 11/01/2033  | 1514 | 1356 |
| 3.100% due 01/07/2030  | 725 | 694 |
| 3.450% due 01/07/2030  | 544 | 520 |
| 4.550% due 08/25/2031  | 3162 | 2973 |
| 5.875% due 04/15/2029  | 3657 | 3735 |
| **UPMC** <br>5.035% due 05/15/2033 | 1300 | 1307 |
| **Weir Group, Inc.** <br>5.350% due 05/06/2030 | 2900 | 2942 |
| **Woodside Finance Ltd.** <br>5.100% due 09/12/2034 | 6500 | 6298 |
| **Yale University** <br>4.701% due 04/15/2032 | 8100 | 8219 |
|  |  | 159898 |
| **UTILITIES 4.2%**  |  |  |
| **Ameren Missouri Securitization Funding LLC** <br>4.850% due 10/01/2041 | 3600 | 3574 |
| **Consumers Energy Co.**  |  |  |
| 4.700% due 01/15/2030  | 1750 | 1776 |
| 4.900% due 02/15/2029  | 5300 | 5414 |
| **DTE Electric Co.** <br>5.250% due 05/15/2035 | 5500 | 5603 |
| **DTE Electric Securitization Funding LLC** <br>5.970% due 03/01/2033 | 4180 | 4384 |
| **Empire District Bondco LLC** <br>4.943% due 01/01/2035 | 9117 | 9196 |
| **Entergy Arkansas LLC** <br>5.450% due 06/01/2034 | 6000 | 6183 |
| **Evergy Metro, Inc.** <br>5.400% due 04/01/2034 | 900 | 922 |
| **Florida Power & Light Co.**  |  |  |
| 5.150% due 06/15/2029  | 8500 | 8800 |
| 5.300% due 06/15/2034  | 3000 | 3094 |
| **National Grid PLC** <br>5.602% due 06/12/2028 | 3100 | 3211 |
| **National Rural Utilities Cooperative Finance Corp.** <br>5.100% due 05/06/2027 | 8000 | 8133 |
| **NBN Co. Ltd.**  |  |  |
| 1.450% due 05/05/2026  | 3000 | 2926 |
| 4.250% due 10/01/2029  | 1400 | 1396 |
| **New York State Electric & Gas Corp.** <br>5.650% due 08/15/2028 | 2000 | 2074 |
| **NorthWestern Corp.** <br>5.073% due 03/21/2030 | 2400 | 2439 |
| **Ohio Edison Co.** <br>4.950% due 12/15/2029 | 1500 | 1521 |
| **Pacific Gas & Electric Co.**  |  |  |
| 3.000% due 06/15/2028  | 2400 | 2280 |
| 3.300% due 03/15/2027  | 3000 | 2932 |
| 5.450% due 06/15/2027  | 3500 | 3542 |
| 6.100% due 01/15/2029  | 1200 | 1244 |
| 6.400% due 06/15/2033  | 1900 | 1987 |
| 6.950% due 03/15/2034  | 2700 | 2908 |
| **PacifiCorp** <br>5.300% due 02/15/2031 | 2200 | 2267 |
| **PG&E Recovery Funding LLC** <br>4.838% due 06/01/2035 | 6936 | 6980 |
| **Pinnacle West Capital Corp.** <br>5.150% due 05/15/2030 | 800 | 819 |
| **Public Service Co. of Colorado** <br>5.350% due 05/15/2034 | 5000 | 5074 |
| **Public Service Electric & Gas Co.** <br>4.850% due 08/01/2034 | 3700 | 3691 |
| **Puget Sound Energy, Inc.** <br>5.330% due 06/15/2034 | 1900 | 1941 |
| **San Diego Gas & Electric Co.**  |  |  |
| 1.700% due 10/01/2030  | 1285 | 1119 |
| 5.400% due 04/15/2035  | 3000 | 3065 |
| **Sempra** <br>5.400% due 08/01/2026 | 1600 | 1616 |
| **Southern California Edison Co.** <br>4.875% due 02/01/2027 | 1000 | 1006 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Swepco** **Storm Recovery Funding LLC** <br>4.880% due 09/01/2041 | 5700 | 5668 |
| **System Energy Resources, Inc.** <br>5.300% due 12/15/2034 | 6000 | 5933 |
| **Texas Electric Market Stabilization Funding N LLC**  |  |  |
| 4.265% due 08/01/2036  | 9078 | 8997 |
| 4.966% due 02/01/2044  | 4600 | 4532 |
| **Trans-Allegheny Interstate Line Co.** <br>5.000% due 01/15/2031 | 3600 | 3664 |
| **Virginia Power Fuel Securitization LLC**  |  |  |
| 4.877% due 05/01/2033  | 5000 | 5085 |
| 5.088% due 05/01/2029  | 3343 | 3363 |
|  |  | 150359 |
| Total Corporate Bonds & Notes (Cost $778,417) |  | 766093 |
| **MUNICIPAL BONDS & NOTES 2.8%**  |  |  |
| **ALABAMA 0.1%**  |  |  |
| **Alabama Economic Settlement Authority Revenue Bonds, Series 2016** <br>4.263% due 09/15/2032 | 3545 | 3493 |
| **CALIFORNIA 1.0%**  |  |  |
| **California State General Obligation Notes, Series 2025** <br>5.100% due 09/01/2035 | 2700 | 2744 |
| **California State University Revenue Notes, Series 2020**  |  |  |
| 1.338% due 11/01/2027  | 1000 | 942 |
| 1.490% due 11/01/2028  | 5400 | 4989 |
| 1.690% due 11/01/2029  | 4400 | 3986 |
| 1.740% due 11/01/2030  | 2600 | 2299 |
| **Fresno County, California Revenue Bonds, (NPFGC Insured), Series 2004** <br>0.000% due 08/15/2030 (a) | 5200 | 4117 |
| **Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021**  |  |  |
| 2.787% due 06/01/2031  | 1000 | 895 |
| 3.037% due 06/01/2032  | 4200 | 3726 |
| **Marin County, California Revenue Bonds, (NPFGC Insured), Series 2003** <br>5.410% due 08/01/2026 | 1375 | 1385 |
| **Monterey Park, California Revenue Notes, Series 2021**  |  |  |
| 1.630% due 06/01/2028  | 250 | 233 |
| 1.893% due 06/01/2030  | 300 | 269 |
| **Riverside County, California Revenue Bonds, Series 2020** <br>3.818% due 02/15/2038 | 1000 | 920 |
| **Riverside, California Electric Revenue Bonds, (BABs), Series 2010** <br>7.605% due 10/01/2040 | 500 | 592 |
| **University of California Revenue Notes, Series 2017** <br>3.063% due 07/01/2025 | 5200 | 5200 |
| **University of California Revenue Notes, Series 2020**  |  |  |
| 1.316% due 05/15/2027  | 1200 | 1145 |
| 1.366% due 05/15/2027  | 3000 | 2861 |
|  |  | 36303 |
| **FLORIDA 0.1%**  |  |  |
| **Miami-Dade County, Florida Revenue Notes, Series 2021** <br>1.936% due 10/01/2028 | 1000 | 934 |
| **State Board of Administration Finance Corp. Florida Revenue Notes, Series 2024** <br>5.526% due 07/01/2034 | 5100 | 5240 |
|  |  | 6174 |
| **KANSAS 0.1%**  |  |  |
| **Wyandotte County-Kansas City Unified Government Utility System, Kansas Revenue Notes, Series 2020**  |  |  |
| 1.861% due 09/01/2028  | 2000 | 1863 |
| 1.961% due 09/01/2029  | 600 | 548 |
|  |  | 2411 |
| **LOUISIANA 0.1%**  |  |  |
| **Louisiana Local Government Environmental Facilities & Community Development Auth Revenue Bonds, Series 2022** <br>4.145% due 02/01/2033 | 4400 | 4356 |
| **MICHIGAN 0.1%**  |  |  |
| **Michigan Finance Authority Revenue Notes, Series 2019**  |  |  |
| 2.466% due 12/01/2025  | 1100 | 1092 |
| 2.596% due 12/01/2026  | 1400 | 1376 |
|  |  | 2468 |
| **NEW YORK 0.6%**  |  |  |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2010** <br>5.008% due 08/01/2027 | 900 | 917 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Notes, Series 2019** <br>2.980% due 11/01/2027 | 7000 | 6835 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **New** **York City, New York Transitional Finance Authority Revenue Bonds, Series 2024** <br>4.375% due 05/01/2037 | 5500 | 5196 |
| **New York State Urban Development Corp. Revenue Notes, Series 2020** <br>1.496% due 03/15/2027 | 9400 | 9033 |
|  |  | 21981 |
| **TEXAS 0.2%**  |  |  |
| **Houston Community College System, Texas General Obligation Notes, Series 2021** <br>5.000% due 02/15/2029 | 2000 | 2070 |
| **Texas Natural Gas Securitization Finance Corp. Series 2023** <br>5.102% due 04/01/2035 | 4413 | 4517 |
| **Texas Transportation Commission State Highway Fund Revenue Bonds, (BABs), Series 2010** <br>5.028% due 04/01/2026 | 575 | 578 |
|  |  | 7165 |
| **UTAH 0.1%**  |  |  |
| **Utah Municipal Power Agency Revenue Bonds, Series 2016** <br>3.237% due 07/01/2028 | 2000 | 1956 |
| **Utah State General Obligation Bonds, (BABs), Series 2010** <br>3.539% due 07/01/2025 | 98 | 98 |
|  |  | 2054 |
| **WEST VIRGINIA 0.3%**  |  |  |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Notes, Series 2020**  |  |  |
| 1.820% due 06/01/2026  | 3300 | 3222 |
| 2.020% due 06/01/2027  | 4400 | 4209 |
| 2.351% due 06/01/2028  | 3000 | 2830 |
|  |  | 10261 |
| **WISCONSIN 0.1%**  |  |  |
| **Wisconsin State Revenue Notes, Series 2020** <br>2.299% due 05/01/2028 | 2100 | 2000 |
| Total Municipal Bonds & Notes (Cost $101,693) |  | 98666 |
| **U.S. GOVERNMENT AGENCIES 44.5%**  |  |  |
| **Fannie Mae**  |  |  |
| 0.750% due 11/25/2050 | 13532 | 9797 |
| 1.630% due 05/01/2027 | 8200 | 7841 |
| 3.020% due 03/01/2028 | 1 | 1 |
| 3.290% due 04/01/2027 - 03/01/2028 | 12484 | 12278 |
| 3.430% due 05/01/2028 | 65 | 64 |
| 4.250% due 04/01/2030 | 8700 | 8707 |
| 4.320% due 03/01/2030 | 7112 | 7140 |
| 4.600% due 04/01/2030 | 8700 | 8835 |
| 4.660% due 06/25/2037 •  | 110 | 109 |
| 4.670% due 11/25/2045 •  | 300 | 296 |
| 4.720% due 12/25/2045 •  | 174 | 171 |
| 4.770% due 03/25/2035 - 03/25/2046 •  | 359 | 354 |
| 4.836% due 03/25/2036 •  | 210 | 206 |
| 4.864% due 11/25/2046 •  | 269 | 266 |
| 4.884% due 11/25/2046 - 12/25/2056 •  | 2265 | 2221 |
| 4.904% due 12/25/2046 •  | 1500 | 1487 |
| 4.914% due 07/25/2046 - 10/25/2046 •  | 2424 | 2382 |
| 4.964% due 01/25/2047 •  | 1512 | 1503 |
| 5.150% due 06/25/2040 •  | 122 | 122 |
| 5.355% due 01/25/2055 •  | 2437 | 2432 |
| 5.455% due 03/25/2055 •  | 940 | 940 |
| 5.505% due 10/25/2053 •  | 2271 | 2281 |
| 5.524% due 07/25/2055 •  | 5000 | 5012 |
| 6.380% due 07/01/2034 •  | 65 | 67 |
| 7.007% due 10/01/2037 •  | 116 | 120 |
| **Freddie Mac**  |  |  |
| 1.000% due 12/15/2040 - 05/25/2047 | 15840 | 14172 |
| 1.250% due 12/15/2044 | 1278 | 1072 |
| 2.500% due 09/25/2048 | 3304 | 3060 |
| 2.862% due 07/25/2054 ~ | 6500 | 6099 |
| 3.000% due 10/01/2046 - 05/01/2048 | 12286 | 10850 |
| 3.500% due 06/01/2044 - 10/01/2048 | 824 | 764 |
| 4.000% due 09/01/2048 - 05/01/2049 | 7791 | 7378 |
| 4.500% due 10/01/2048 - 02/01/2049 | 2895 | 2816 |
| 4.650% due 08/25/2028 ~ | 4800 | 4872 |
| 4.718% due 09/15/2035 •  | 5 | 5 |
| 4.814% due 10/15/2037 - 10/15/2040 •  | 3676 | 3627 |
| 4.818% due 02/15/2041 •  | 137 | 135 |
| 4.850% due 09/25/2028 | 1400 | 1429 |
| 4.868% due 04/15/2041 •  | 43 | 42 |
| 4.888% due 11/15/2036 •  | 36 | 36 |
| 4.904% due 07/15/2040 •  | 1406 | 1395 |
| 4.964% due 07/15/2041 - 03/15/2042 •  | 3712 | 3707 |
| 4.968% due 04/15/2041 •  | 342 | 340 |
| 5.245% due 11/25/2054 •  | 33976 | 33907 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.305% due 08/25/2054 •  | 4098 | 4097 |
| 5.355% due 08/25/2054 •  | 2395 | 2399 |
| 5.430% due 06/25/2031 ~ | 3000 | 3134 |
| 5.455% due 03/25/2055 •  | 3998 | 4001 |
| **Ginnie Mae**  |  |  |
| 1.500% due 10/20/2045 | 4837 | 3999 |
| 3.000% due 01/20/2067 | 2421 | 2385 |
| 3.500% due 09/20/2045 | 1224 | 1140 |
| 4.896% due 08/20/2066 •  | 1 | 1 |
| 4.903% due 09/20/2065 •  | 1056 | 1058 |
| 4.986% due 07/20/2063 •  | 246 | 246 |
| 5.016% due 06/20/2065 •  | 2308 | 2307 |
| 5.046% due 03/20/2065 •  | 1621 | 1621 |
| 5.096% due 12/20/2064 - 06/20/2066 •  | 2436 | 2440 |
| 5.126% due 08/20/2061 •  | 1 | 1 |
| 5.176% due 09/20/2063 •  | 8 | 9 |
| 5.196% due 10/20/2063 - 09/20/2065 •  | 176 | 176 |
| 5.216% due 02/20/2066 •  | 8 | 8 |
| 5.246% due 05/20/2066 •  | 1398 | 1402 |
| 5.326% due 04/20/2066 •  | 2553 | 2562 |
| 5.346% due 04/20/2066 •  | 2570 | 2580 |
| 5.366% due 07/20/2065 •  | 71 | 72 |
| 5.396% due 12/20/2066 •  | 2128 | 2136 |
| 5.446% due 01/20/2067 •  | 2275 | 2287 |
| 5.596% due 03/20/2066 •  | 1148 | 1156 |
| **Ginnie Mae, TBA**<br>3.000% due 07/01/2055 - 08/01/2055 | 120100 | 106229 |
| **Tennessee Valley Authority**  |  |  |
| 4.375% due 08/01/2034 | 3200 | 3183 |
| 7.125% due 05/01/2030 | 10000 | 11442 |
| **Uniform Mortgage-Backed Security**  |  |  |
| 2.500% due 03/01/2051 - 10/01/2053 | 72231 | 60043 |
| 3.000% due 01/01/2035 - 07/01/2052 | 332559 | 288918 |
| 3.500% due 10/01/2034 - 11/01/2054 | 29216 | 26645 |
| 4.000% due 01/01/2046 - 04/01/2055 | 132877 | 124250 |
| 4.500% due 08/01/2048 - 05/01/2053 | 163042 | 156418 |
| 5.000% due 01/01/2028 - 12/01/2053 | 83366 | 82023 |
| 5.500% due 01/01/2026 - 02/01/2054 | 29764 | 29805 |
| 6.000% due 02/01/2055 - 03/01/2055 | 87913 | 89398 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 2.500% due 07/01/2055 - 08/01/2055 | 76600 | 63535 |
| 3.000% due 07/01/2055 | 23500 | 20338 |
| 4.000% due 07/01/2055 - 08/01/2055 | 280200 | 260521 |
| 6.500% due 08/01/2055 | 57600 | 59392 |
| Total U.S. Government Agencies (Cost $1,580,086) |  | 1593695 |
| **U.S. TREASURY OBLIGATIONS 14.0%**  |  |  |
| **U.S. Treasury Inflation Protected Securities (b)** |  |  |
| 2.125% due 01/15/2035  | 45738 | 46512 |
| **U.S. Treasury Notes**  |  |  |
| 3.875% due 04/30/2030 (e) | 11500 | 11548 |
| 4.000% due 07/31/2029 (e) | 96550 | 97474 |
| 4.125% due 07/31/2031 | 131760 | 133304 |
| 4.375% due 01/31/2032 | 1100 | 1126 |
| 4.625% due 02/15/2035 | 27800 | 28691 |
| 4.875% due 10/31/2030 (e) | 175425 | 184189 |
| Total U.S. Treasury Obligations (Cost $495,139) |  | 502844 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 6.5%**  |  |  |
| **225 Liberty Street Trust** <br>3.597% due 02/10/2036 | 1200 | 1146 |
| **Banc of America Commercial Mortgage Trust** <br>3.441% due 09/15/2048 | 1442 | 1438 |
| **BANK**  |  |  |
| 1.805% due 11/15/2053  | 6000 | 5629 |
| 2.933% due 09/15/2062  | 8776 | 8489 |
| 3.183% due 08/15/2061  | 4300 | 4027 |
| 4.775% due 10/15/2057  | 3000 | 2967 |
| **Barclays Commercial Mortgage Securities Trust**  |  |  |
| 5.433% due 02/15/2062  | 3300 | 3410 |
| 5.609% due 12/15/2057  | 5100 | 5291 |
| 5.720% due 02/15/2062  | 1700 | 1790 |
| **Benchmark Mortgage Trust**  |  |  |
| 2.615% due 12/15/2054  | 1626 | 1514 |
| 2.888% due 08/15/2057  | 3907 | 3791 |
| 2.957% due 12/15/2062  | 5490 | 5347 |
| 3.780% due 02/15/2051 ~  | 500 | 495 |
| 4.232% due 01/15/2052  | 5700 | 5586 |
| 5.660% due 04/15/2057  | 7400 | 7718 |
| **BMO Mortgage Trust**  |  |  |
| 5.566% due 11/15/2057 ~  | 7000 | 7228 |
| 5.625% due 12/15/2057 ~  | 4500 | 4674 |
| 5.857% due 02/15/2057  | 6000 | 6262 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **BX** **Commercial Mortgage Trust**  |  |  |
| 5.156% due 10/15/2036 •  | 476 | 476 |
| 5.347% due 12/15/2038 •  | 2199 | 2199 |
| **BX Trust** <br>5.326% due 10/15/2036 •  | 3000 | 2998 |
| **Cantor Commercial Real Estate Lending** <br>2.817% due 11/15/2052 | 7185 | 6985 |
| **COMM Mortgage Trust**  |  |  |
| 2.873% due 08/15/2057  | 1485 | 1440 |
| 3.091% due 10/10/2049  | 3700 | 3626 |
| 3.510% due 09/10/2050  | 4200 | 4097 |
| 3.694% due 08/10/2047  | 31 | 31 |
| 4.228% due 05/10/2051  | 3800 | 3715 |
| **Credit Suisse Commercial Mortgage Trust** <br>5.493% due 06/15/2034 •  | 13 | 13 |
| **Credit Suisse Mortgage Capital Mortgage-Backed Trust** <br>6.276% due 10/15/2037 •  | 5300 | 5266 |
| **CSAIL Commercial Mortgage Trust**  |  |  |
| 2.957% due 09/15/2052  | 7465 | 7301 |
| 3.808% due 11/15/2048  | 4021 | 4006 |
| **Extended Stay America Trust** <br>5.506% due 07/15/2038 •  | 22215 | 22235 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>5.776% due 12/15/2036 •  | 6000 | 3765 |
| **JPMBB Commercial Mortgage Securities Trust**  |  |  |
| 3.639% due 11/15/2047  | 230 | 226 |
| 3.801% due 08/15/2048  | 377 | 376 |
| **JPMDB Commercial Mortgage Securities Trust**  |  |  |
| 2.982% due 11/13/2052  | 2827 | 2747 |
| 2.994% due 12/15/2049  | 94 | 92 |
| 3.144% due 06/15/2049  | 2900 | 2846 |
| **Morgan Stanley Bank of America Merrill Lynch Trust** <br>3.306% due 04/15/2048 | 473 | 466 |
| **Morgan Stanley Capital Trust**  |  |  |
| 2.606% due 08/15/2049  | 233 | 231 |
| 3.067% due 11/15/2052  | 5453 | 5283 |
| 3.587% due 12/15/2050  | 700 | 683 |
| 3.809% due 12/15/2048  | 2000 | 1988 |
| 5.595% due 12/15/2038 •  | 8300 | 7989 |
| **MSWF Commercial Mortgage Trust** <br>6.014% due 12/15/2056 ~ | 4000 | 4290 |
| **NYO Commercial Mortgage Trust** <br>5.521% due 11/15/2038 •  | 18000 | 17976 |
| **SFO Commercial Mortgage Trust** <br>5.576% due 05/15/2038 •  | 5700 | 5678 |
| **SREIT Trust** <br>5.126% due 10/15/2038 •  | 3500 | 3490 |
| **UBS Commercial Mortgage Trust**  |  |  |
| 2.866% due 10/15/2052  | 5912 | 5733 |
| 2.987% due 12/15/2052  | 828 | 804 |
| 3.366% due 10/15/2050  | 1112 | 1099 |
| 3.504% due 12/15/2050  | 3469 | 3428 |
| 3.903% due 02/15/2051  | 1931 | 1920 |
| 4.195% due 08/15/2051  | 898 | 894 |
| **Wells Fargo Commercial Mortgage Trust**  |  |  |
| 2.651% due 02/15/2053  | 1305 | 1259 |
| 2.652% due 08/15/2049  | 1600 | 1561 |
| 2.788% due 07/15/2048  | 19 | 19 |
| 3.311% due 06/15/2052  | 4750 | 4457 |
| 4.147% due 06/15/2051  | 826 | 824 |
| 5.920% due 11/15/2057 ~  | 9900 | 10378 |
| **WSTN Trust** <br>6.518% due 07/05/2037 ~ | 3000 | 3045 |
| Total Non-Agency Mortgage-Backed Securities (Cost $243,462) |  | 234737 |
| **ASSET-BACKED SECURITIES 12.1%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 3.7%**  |  |  |
| **Avis Budget Rental Car Funding AESOP LLC**  |  |  |
| 5.250% due 04/20/2029  | 6000 | 6124 |
| 5.360% due 06/20/2030  | 11000 | 11307 |
| 5.440% due 02/22/2028  | 5000 | 5066 |
| 5.810% due 12/20/2029  | 7900 | 8218 |
| 6.020% due 02/20/2030  | 3500 | 3664 |
| **Bank of America Auto Trust** <br>5.660% due 11/15/2029 | 3950 | 4035 |
| **Capital One Prime Auto Receivables Trust** <br>5.820% due 06/15/2028 | 5400 | 5469 |
| **CarMax Auto Owner Trust** <br>6.000% due 07/17/2028 | 8000 | 8117 |
| **Chesapeake Funding LLC** <br>5.520% due 05/15/2036 | 2312 | 2336 |
| **Ford Credit Auto Owner Trust** <br>5.280% due 02/15/2036 | 3800 | 3918 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **GM** **Financial Consumer Automobile Receivables Trust**  |  |  |
| 5.710% due 02/16/2029  | 5000 | 5133 |
| 5.780% due 08/16/2028  | 2000 | 2024 |
| **GM Financial Revolving Receivables Trust**  |  |  |
| 4.520% due 03/11/2037  | 6700 | 6748 |
| 4.980% due 12/11/2036  | 6300 | 6447 |
| 5.770% due 08/11/2036  | 5400 | 5656 |
| **Hertz Vehicle Financing LLC**  |  |  |
| 5.570% due 09/25/2029  | 8000 | 8177 |
| 6.150% due 03/25/2030  | 3400 | 3552 |
| **Honda Auto Receivables Owner Trust**  |  |  |
| 4.510% due 11/21/2030  | 1000 | 1008 |
| 4.570% due 03/21/2029  | 4700 | 4728 |
| **Hyundai Auto Lease Securitization Trust** <br>4.530% due 04/17/2028 | 6500 | 6548 |
| **Nissan Auto Lease Trust**  |  |  |
| 4.910% due 04/15/2027  | 10000 | 10040 |
| 4.970% due 09/15/2028  | 2200 | 2213 |
| **SBNA Auto Lease Trust** <br>6.520% due 04/20/2028 | 1000 | 1014 |
| **SFS Auto Receivables Securitization Trust**  |  |  |
| 4.940% due 01/21/2031  | 500 | 507 |
| 4.950% due 05/21/2029  | 900 | 904 |
| **Toyota Lease Owner Trust** <br>5.660% due 11/20/2026 | 1449 | 1454 |
| **Volkswagen Auto Loan Enhanced Trust** <br>5.020% due 06/20/2028 | 4168 | 4188 |
| **World Omni Auto Receivables Trust**  |  |  |
| 5.030% due 11/15/2029  | 900 | 912 |
| 5.150% due 11/15/2028  | 2259 | 2269 |
|  |  | 131776 |
| **CMBS OTHER 1.3%**  |  |  |
| **ACREC Ltd.** <br>5.579% due 10/16/2036 •  | 1764 | 1760 |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.776% due 11/15/2036 •  | 5535 | 5549 |
| **AREIT Trust**  |  |  |
| 5.551% due 01/20/2037 •  | 3179 | 3175 |
| 6.426% due 08/17/2041 •  | 2057 | 2064 |
| 6.556% due 06/17/2039 •  | 2641 | 2643 |
| **BDS LLC** <br>6.454% due 08/19/2038 •  | 1562 | 1564 |
| **BDS Ltd.** <br>5.779% due 12/16/2036 •  | 1930 | 1932 |
| **BXMT Ltd.** <br>6.328% due 11/15/2037 •  | 2751 | 2748 |
| **GPMT Ltd.**  |  |  |
| 5.784% due 12/15/2036 •  | 884 | 865 |
| 5.929% due 07/16/2035 •  | 2672 | 2620 |
| **Greystone Commercial Real Estate LLC** <br>5.793% due 01/15/2043 •  | 3500 | 3505 |
| **LoanCore Issuer Ltd.** <br>5.726% due 11/15/2038 •  | 2563 | 2568 |
| **MF1 LLC** <br>6.953% due 09/17/2037 •  | 2303 | 2312 |
| **MF1 Ltd.**  |  |  |
| 5.509% due 10/16/2036 •  | 1075 | 1075 |
| 6.128% due 12/15/2035 •  | 1146 | 1148 |
| **PFP Ltd.** <br>6.586% due 08/19/2035 •  | 1678 | 1681 |
| **Starwood Commercial Mortgage Trust** <br>5.629% due 04/18/2038 •  | 4602 | 4588 |
| **TPG Real Estate Finance Issuer Ltd.** <br>5.964% due 02/15/2039 •  | 4419 | 4428 |
|  |  | 46225 |
| **CREDIT CARD BULLET 1.2%**  |  |  |
| **American Express Credit Account Master Trust**  |  |  |
| 4.800% due 05/15/2030  | 2000 | 2044 |
| 4.870% due 05/15/2028  | 10000 | 10054 |
| 4.950% due 10/15/2027  | 2500 | 2504 |
| 5.240% due 04/15/2031  | 6000 | 6249 |
| **Bank of America Credit Card Trust** <br>4.790% due 05/15/2028 | 12600 | 12657 |
| **Citibank Credit Card Issuance Trust** <br>5.230% due 12/08/2027 | 9600 | 9630 |
|  |  | 43138 |
| **CREDIT CARD OTHER 0.4%**  |  |  |
| **Capital One Multi-Asset Execution Trust** <br>4.420% due 05/15/2028 | 8300 | 8310 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Synchrony** **Card Funding LLC** <br>5.740% due 10/15/2029 | 5000 | 5093 |
|  |  | 13403 |
| **OTHER ABS 5.5%**  |  |  |
| **AIMCO CLO** <br>5.530% due 10/17/2034 •  | 5950 | 5959 |
| **Anchorage Capital CLO Ltd.**  |  |  |
| 5.319% due 10/20/2034 •  | 4200 | 4201 |
| 5.712% due 04/22/2034 •  | 2600 | 2606 |
| **Anchorage Credit Funding Ltd.**  |  |  |
| 3.900% due 07/28/2037  | 771 | 757 |
| 3.928% due 04/25/2038  | 2900 | 2848 |
| **Apidos CLO** <br>5.520% due 04/17/2034 •  | 6800 | 6798 |
| **Atlas Senior Loan Fund Ltd.**  |  |  |
| 5.329% due 10/20/2034 •  | 1000 | 1000 |
| 5.379% due 01/18/2035 •  | 2000 | 1999 |
| **Bethpage Park CLO Ltd.** <br>5.648% due 01/15/2035 •  | 5691 | 5703 |
| **Birch Grove CLO Ltd.** <br>5.870% due 07/17/2037 •  | 6200 | 6225 |
| **Carlyle Global Market Strategies CLO Ltd.** <br>5.594% due 07/27/2031 •  | 514 | 515 |
| **Catamaran CLO Ltd.** <br>5.634% due 04/22/2030 •  | 1747 | 1749 |
| **CBAMR Ltd.** <br>5.886% due 07/15/2037 •  | 9200 | 9225 |
| **CIFC Funding Ltd.** <br>5.631% due 07/18/2031 •  | 1746 | 1747 |
| **DLLMT LLC**  |  |  |
| 5.340% due 03/22/2027  | 3041 | 3053 |
| 5.350% due 03/20/2031  | 5660 | 5730 |
| **Dryden CLO Ltd.** <br>5.362% due 08/20/2034 •  | 3600 | 3591 |
| **ECMC Group Student Loan Trust**  |  |  |
| 5.170% due 02/27/2068 •  | 2742 | 2719 |
| 5.220% due 09/25/2068 •  | 3729 | 3693 |
| 5.420% due 01/27/2070 •  | 4809 | 4835 |
| 5.470% due 05/25/2067 •  | 2378 | 2366 |
| **Elevation CLO Ltd.**  |  |  |
| 5.412% due 07/25/2034 •  | 2200 | 2202 |
| 5.582% due 01/25/2035 •  | 4500 | 4502 |
| **Elmwood CLO Ltd.** <br>5.612% due 04/22/2035 •  | 8000 | 8000 |
| **Flatiron CLO Ltd.** <br>5.505% due 11/16/2034 •  | 2747 | 2752 |
| **Gallatin CLO Ltd.** <br>5.608% due 07/15/2031 •  | 2395 | 2401 |
| **ICG U.S. CLO Ltd.**  |  |  |
| 5.251% due 01/16/2033 •  | 4338 | 4337 |
| 5.419% due 10/20/2034 •  | 4500 | 4503 |
| **Jamestown CLO Ltd.** <br>5.402% due 07/25/2034 •  | 3200 | 3191 |
| **KKR CLO Ltd.**  |  |  |
| 5.471% due 07/18/2030 •  | 267 | 267 |
| 5.518% due 04/15/2031 •  | 1025 | 1026 |
| **LCM Ltd.** <br>5.326% due 01/15/2034 •  | 1000 | 997 |
| **Magnetite Ltd.**  |  |  |
| 5.406% due 10/15/2031 •  | 937 | 938 |
| 5.606% due 04/15/2035 •  | 4400 | 4404 |
| **Marathon CLO Ltd.** <br>5.456% due 04/15/2032 •  | 2006 | 2009 |
| **MMAF Equipment Finance LLC** <br>5.610% due 07/10/2028 | 1937 | 1939 |
| **Navient Private Education Loan Trust** <br>5.876% due 07/16/2040 •  | 1511 | 1519 |
| **Navient Private Education Refi Loan Trust**  |  |  |
| 5.326% due 01/15/2043 •  | 274 | 274 |
| 5.426% due 04/15/2069 •  | 1307 | 1301 |
| **Navient Student Loan Trust**  |  |  |
| 5.220% due 07/26/2066 •  | 1884 | 1870 |
| 6.480% due 03/15/2072  | 1001 | 1027 |
| **Neuberger Berman CLO** <br>5.438% due 10/15/2029 •  | 1093 | 1094 |
| **Neuberger Berman Loan Advisers CLO Ltd.**  |  |  |
| 5.302% due 10/14/2036 •  | 2800 | 2795 |
| 5.330% due 07/17/2036 •  | 2800 | 2798 |
| **Octagon Investment Partners Ltd.** <br>5.309% due 01/20/2035 •  | 6700 | 6663 |
| **OFSI BSL Ltd.** <br>5.539% due 04/20/2034 •  | 3500 | 3504 |
| **OZLM Ltd.** <br>5.691% due 07/20/2032 •  | 3082 | 3084 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Parallel** **Ltd.** <br>5.366% due 07/15/2034 •  | 4200 | 4193 |
| **Pawneee Equipment Receivables LLC** <br>5.170% due 02/15/2028 | 450 | 450 |
| **Rad CLO Ltd.** <br>5.657% due 07/24/2032 •  | 1709 | 1711 |
| **Romark CLO Ltd.** <br>5.571% due 10/23/2030 •  | 870 | 871 |
| **Saranac CLO Ltd.** <br>5.724% due 08/13/2031 •  | 645 | 644 |
| **SLM Private Education Loan Trust** <br>9.176% due 10/15/2041 •  | 2407 | 2524 |
| **SMB Private Education Loan Trust**  |  |  |
| 5.130% due 04/15/2054  | 2962 | 2999 |
| 5.156% due 01/15/2053 •  | 2398 | 2387 |
| 5.284% due 09/15/2054 •  | 439 | 438 |
| **TCW CLO AMR Ltd.** <br>5.624% due 08/16/2034 •  | 2600 | 2604 |
| **Tesla Sustainable Energy Trust** <br>5.080% due 06/21/2050 | 483 | 485 |
| **Trinitas CLO Ltd.** <br>5.622% due 01/25/2034 •  | 6800 | 6804 |
| **Venture CLO Ltd.**  |  |  |
| 5.521% due 07/20/2030 •  | 2083 | 2084 |
| 5.581% due 07/20/2030 •  | 977 | 975 |
| **Verdelite Static CLO Ltd.** <br>5.399% due 07/20/2032 •  | 5214 | 5207 |
| **Verizon Master Trust** <br>4.350% due 08/20/2032 | 7500 | 7530 |
| **Voya CLO Ltd.**  |  |  |
| 5.329% due 04/20/2034 •  | 3300 | 3288 |
| 5.491% due 04/17/2030 •  | 824 | 824 |
| **Wind River CLO Ltd.** <br>5.316% due 10/15/2034 •  | 5172 | 5157 |
|  |  | 197891 |
| Total Asset-Backed Securities (Cost $428,933) |  | 432433 |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Mexico Government International Bond** <br>6.000% due 05/13/2030 | 1900 | 1968 |
| Total Sovereign Issues (Cost $1,890) |  | 1968 |
| **SHORT-TERM INSTRUMENTS 22.1%**  |  |  |
| **REPURCHASE AGREEMENTS (c) 22.1%** |  | 792100 |
| Total Short-Term Instruments (Cost $792,100) |  | 792100 |
| Total Investments in Securities (Cost $4,421,720) |  | 4422536 |
| Total Investments 123.5% (Cost $4,421,720) |  | $4422536 |
| **Financial Derivative Instruments (d) 0.0**%(Cost or Premiums, net $940) |  | 153 |
| Other Assets and Liabilities, net (23.5)% |  | (841057) |
| Net Assets 100.0% |  | $3581632 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Portfolio (Cont.) June 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:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and 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)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon 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.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(c)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Lending<br>Rate | Settlement<br>Date | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | 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) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | BOS | BOS | 4.440%  | 06/30/2025 | 07/01/2025 | 07/01/2025 | $425500 | 425500 | 425500 | &nbsp;&nbsp; U.S. Treasury Notes 3.375% - 4.250% due 09/15/2027 - 02/28/2029 | &nbsp;&nbsp; U.S. Treasury Notes 3.375% - 4.250% due 09/15/2027 - 02/28/2029 | &nbsp;&nbsp; U.S. Treasury Notes 3.375% - 4.250% due 09/15/2027 - 02/28/2029 | &nbsp;&nbsp; U.S. Treasury Notes 3.375% - 4.250% due 09/15/2027 - 02/28/2029 | $(434308) | (434308) | (434308) | $425500 | 425500 | 425552 |
|  |  |  | 4.440  | 07/01/2025 | 07/02/2025 | 07/02/2025 | 258800 | 258800 | 258800 | &nbsp;&nbsp; U.S. Treasury Notes 4.625% due 06/15/2027 | &nbsp;&nbsp; U.S. Treasury Notes 4.625% due 06/15/2027 | &nbsp;&nbsp; U.S. Treasury Notes 4.625% due 06/15/2027 | &nbsp;&nbsp; U.S. Treasury Notes 4.625% due 06/15/2027 | (263980) | (263980) | (263980) | 258800 | 258800 | 258800 |
| DEU | DEU | DEU | 4.470  | 07/01/2025 | 07/02/2025 | 07/02/2025 | 107800 | 107800 | 107800 | &nbsp;&nbsp; U.S. Treasury Inflation Protected Securities 1.625% due 04/15/2030 | &nbsp;&nbsp; U.S. Treasury Inflation Protected Securities 1.625% due 04/15/2030 | &nbsp;&nbsp; U.S. Treasury Inflation Protected Securities 1.625% due 04/15/2030 | &nbsp;&nbsp; U.S. Treasury Inflation Protected Securities 1.625% due 04/15/2030 | (110086) | (110086) | (110086) | 107800 | 107800 | 107800 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  | $**(808374)** | **(808374)** | **(808374)** | $**792100** | **792100** | **792152** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| **(d)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | 09/2025 | 09/2025 | 2323 | 2323 | 483238 | $1756 | 1756 | 1756 | 1756 | 127 | 127 | 127 | 0 |
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 09/2025 | 09/2025 | 2450 | 2450 | 267050 | 2790 | 2790 | 2790 | 2790 | 325 | 325 | 325 | 0 |
| U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | 09/2025 | 09/2025 | 1336 | 1336 | 149799 | 2504 | 2504 | 2504 | 2504 | 418 | 418 | 418 | 0 |
| U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | 09/2025 | 09/2025 | 589 | 589 | 67302 | 1358 | 1358 | 1358 | 1358 | 285 | 285 | 285 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | 8408 | 8408 | 8408 | $ | 1155 | 1155 | $ | 0 |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | 09/2025 | 09/2025 | 20 | 20 | (2383) | $(101) | (101) | (101) | (101) | 0 | 0 | 0 | (27) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **8307** | **8307** | **8307** | **$** | **1155** | **1155** | **$** | **(27)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Maturity<br>Date | Implied<br>Credit Spread at<br>June 30, 2025<sup>(2)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(2)</sup> |  | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| AT&T, Inc.  | AT&T, Inc.  | 1.000% | 1.000% | 1.000% | 12/20/2025 | 0.241 | 0.241 | $ | $900 | 900 | 12 | (9) | $ | 3 | 3 | 3 | 0 | 0 | 0 |
| AT&T, Inc.  | AT&T, Inc.  | 1.000 | 1.000 | 1.000 | 06/20/2026 | 0.303 | 0.303 |  | 3000 | 3000 | 46 | (25) |  | 21 | 21 | 21 | 0 | 0 | 0 |
| AT&T, Inc.  | AT&T, Inc.  | 1.000 | 1.000 | 1.000 | 12/20/2026 | 0.350 | 0.350 |  | 900 | 900 | 8 | 1 |  | 9 | 9 | 9 | 0 | 0 | 0 |
| AT&T, Inc.  | AT&T, Inc.  | 1.000 | 1.000 | 1.000 | 06/20/2028 | 0.431 | 0.431 |  | 4450 | 4450 | (15) | 88 |  | 73 | 73 | 73 | 1 | 1 | 0 |
| Boeing Co.  | Boeing Co.  | 1.000 | 1.000 | 1.000 | 12/20/2026 | 0.367 | 0.367 |  | 3500 | 3500 | (22) | 55 |  | 33 | 33 | 33 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | $29 | 110 | $ | 139 | 139 | 139 | 1 | 1 | $0 |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Fixed Rate | 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 | Liability |
| Receive | 3.800% | 09/05/2028 | $195000 | 195000 | $(2270) | (2270) | $1173 | 1173 | $(1097) | (1097) | (1097) | 0 | $(183) |
| Receive | 3.300 | 02/28/2029 | 15400 | 15400 | (35) | (35) | 140 | 140 | 105 | 105 | 105 | 0 | (16) |
| Receive | 3.620 | 02/14/2030 | 72600 | 72600 | 748 | 748 | (1191) | (1191) | (443) | (443) | (443) | 0 | (111) |
| Receive<sup>(5)</sup> | 3.750 | 05/15/2032 | 140170 | 140170 | (140) | (140) | (2003) | (2003) | (2143) | (2143) | (2143) | 0 | (363) |
| Receive | 4.012 | 02/14/2035 | 39400 | 39400 | (383) | (383) | (661) | (661) | (1044) | (1044) | (1044) | 0 | (153) |
| Receive | 3.000 | 02/12/2055 | 20900 | 20900 | 2991 | 2991 | 470 | 470 | 3461 | 3461 | 3461 | 0 | (150) |
|  |  |  |  | $ | 911 | $ | (2072) | $ | (1161) | (1161) | $ | $ | (976) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **940** | **$** | **(1962)** | **$** | **(1022)** | **(1022)** | **$** | **$** | **(976)** |
| **(e)** | **Securities with an aggregate market value of $30,730 and cash of $11,967 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $30,730 and cash of $11,967 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $30,730 and cash of $11,967 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $30,730 and cash of $11,967 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $30,730 and cash of $11,967 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $30,730 and cash of $11,967 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $30,730 and cash of $11,967 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $30,730 and cash of $11,967 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $30,730 and cash of $11,967 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $30,730 and cash of $11,967 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $30,730 and cash of $11,967 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $30,730 and cash of $11,967 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $30,730 and cash of $11,967 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 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 issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <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. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 30, 2025 in valuing the Portfolio's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |  |
| **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** |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | $ | 455836 | $ | 0 | $ | $ | 455836 |  |
| Industrials | Industrials | Industrials | Industrials | 0 | 0 |  | 159898 |  | 0 |  |  | 159898 |  |
| Utilities | Utilities | Utilities | Utilities | 0 | 0 |  | 150359 |  | 0 |  |  | 150359 |  |
| 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 |  |
| Alabama | Alabama | Alabama | Alabama | 0 | 0 |  | 3493 |  | 0 |  |  | 3493 |  |
| California | California | California | California | 0 | 0 |  | 36303 |  | 0 |  |  | 36303 |  |
| Florida | Florida | Florida | Florida | 0 | 0 |  | 6174 |  | 0 |  |  | 6174 |  |
| Kansas | Kansas | Kansas | Kansas | 0 | 0 |  | 2411 |  | 0 |  |  | 2411 |  |
| Louisiana | Louisiana | Louisiana | Louisiana | 0 | 0 |  | 4356 |  | 0 |  |  | 4356 |  |
| Michigan | Michigan | Michigan | Michigan | 0 | 0 |  | 2468 |  | 0 |  |  | 2468 |  |
| New York | New York | New York | New York | 0 | 0 |  | 21981 |  | 0 |  |  | 21981 |  |
| Texas | Texas | Texas | Texas | 0 | 0 |  | 7165 |  | 0 |  |  | 7165 |  |
| Utah | Utah | Utah | Utah | 0 | 0 |  | 2054 |  | 0 |  |  | 2054 |  |
| West Virginia | West Virginia | West Virginia | West Virginia | 0 | 0 |  | 10261 |  | 0 |  |  | 10261 |  |
| Wisconsin | Wisconsin | Wisconsin | Wisconsin | 0 | 0 |  | 2000 |  | 0 |  |  | 2000 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 |  | 1593695 |  | 0 |  |  | 1593695 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 |  | 502844 |  | 0 |  |  | 502844 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 |  | 234737 |  | 0 |  |  | 234737 |  |
| 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 | 0 | 0 |  | 131776 |  | 0 |  |  | 131776 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 |  | 46225 |  | 0 |  |  | 46225 |  |
| Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | 0 | 0 |  | 43138 |  | 0 |  |  | 43138 |  |
| Credit Card Other | Credit Card Other | Credit Card Other | Credit Card Other | 0 | 0 |  | 13403 |  | 0 |  |  | 13403 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 |  | 197891 |  | 0 |  |  | 197891 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 |  | 1968 |  | 0 |  |  | 1968 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 |  | 792100 |  | 0 |  |  | 792100 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | 0 | 0 | $ | 4422536 | $ | 0 | $ | $ | 4422536 |  |
| **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 | 0 | 0 | $ | 1156 | $ | 0 | $ | $ | 1156 |  |

---

------

<br> Schedule of Investments PIMCO Moderate Duration Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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 | $(1003) | $0 | $(1003) |
| Total Financial Derivative Instruments | $0 | $153 | $0 | $153 |
| Totals | $0 | $4422689 | $0 | $4422689 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

---

------

<br> Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio June 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 357.5% ¤** |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Ambac Assurance Corp.** <br>5.100% due 12/31/2099 (e) | $38 | $51 |
| **INDUSTRIALS 0.1%**  |  |  |
| **CVS Pass-Through Trust** <br>6.036% due 12/10/2028 | 501 | 508 |
| Total Corporate Bonds & Notes (Cost $551) |  | 559 |
| **MUNICIPAL BONDS & NOTES 0.4%**  |  |  |
| **TEXAS 0.4%**  |  |  |
| **Ennis Economic Development Corp. Texas Revenue Bonds, (NPFGC Insured), Series 1999** <br>0.000% due 08/01/2034 (d) | 7990 | 4389 |
| Total Municipal Bonds & Notes (Cost $5,989) |  | 4389 |
| **U.S. GOVERNMENT AGENCIES 333.6%**  |  |  |
| **Fannie Mae**  |  |  |
| 0.000% due 10/25/2042 - 10/25/2045 •  | 1221 | 789 |
| 0.200% due 02/25/2043 •(a) | 1581 | 10 |
| 1.500% due 02/25/2036 (a) | 36474 | 1862 |
| 1.580% due 07/25/2044 ~(a) | 309 | 12 |
| 1.580% due 11/25/2049 •(a) | 1943 | 260 |
| 1.646% due 07/25/2052 ~(a) | 321 | 16 |
| 1.664% due 10/25/2046 ~(a) | 179 | 8 |
| 1.719% due 06/25/2042 •  | 379 | 325 |
| 1.730% due 07/25/2042 - 08/25/2042 •(a) | 4866 | 515 |
| 1.852% due 04/25/2046 ~(a) | 279 | 13 |
| 1.880% due 07/25/2044 ~(a) | 465 | 27 |
| 2.011% due 08/25/2044 ~(a) | 269 | 18 |
| 2.026% due 04/25/2055 ~(a) | 515 | 25 |
| 2.053% due 07/25/2045 ~(a) | 1439 | 86 |
| 2.067% due 01/25/2045 ~(a) | 268 | 15 |
| 2.081% due 03/25/2045 ~(a) | 679 | 38 |
| 2.086% due 08/25/2054 ~(a) | 615 | 33 |
| 2.301% due 08/25/2055 ~(a) | 330 | 19 |
| 2.349% due 01/25/2031 ~(a) | 6606 | 383 |
| 2.500% due 02/25/2051 (a) | 7410 | 1249 |
| 2.842% due 09/26/2033 •  | 1 | 1 |
| 3.000% due 11/01/2042 - 05/01/2058 | 9530 | 8303 |
| 3.000% due 11/25/2043 - 12/25/2048 (a) | 7270 | 909 |
| 3.500% due 04/25/2046 (a) | 197 | 16 |
| 3.500% due 06/01/2056 - 01/01/2059 | 21685 | 19498 |
| 3.575% due 02/01/2026 | 9000 | 8927 |
| 4.000% due 09/01/2043 - 10/01/2043 | 173 | 166 |
| 4.000% due 06/25/2044 (a) | 42 | 2 |
| 4.182% due 10/01/2031 •  | 11 | 11 |
| 4.215% due 11/01/2028 •  | 8 | 8 |
| 4.374% due 02/01/2028 ~ | 5995 | 6014 |
| 4.379% due 08/01/2028 •  | 7 | 7 |
| 4.407% due 05/01/2036 •  | 1 | 1 |
| 4.437% due 05/01/2036 •  | 32 | 32 |
| 4.440% due 06/01/2033 | 2000 | 1989 |
| 4.446% due 11/01/2028 •  | 4 | 4 |
| 4.462% due 02/01/2028 •  | 4 | 4 |
| 4.490% due 04/01/2033 | 2000 | 1999 |
| 4.496% due 12/25/2036 •  | 563 | 553 |
| 4.500% due 06/01/2030 - 04/01/2059 | 15879 | 15535 |
| 4.550% due 05/01/2028 | 200 | 203 |
| 4.579% due 05/01/2036 •  | 1 | 1 |
| 4.580% due 08/01/2033 | 1000 | 1006 |
| 4.600% due 05/01/2036 •  | 1 | 1 |
| 4.630% due 07/01/2033 | 3458 | 3476 |
| 4.654% due 07/25/2032 •  | 22 | 22 |
| 4.700% due 04/01/2033 | 3682 | 3684 |
| 4.796% due 02/25/2033 •  | 6 | 6 |
| 4.807% due 07/25/2037 •  | 189 | 186 |
| 4.816% due 04/18/2028 - 12/18/2032 •  | 9 | 9 |
| 4.820% due 06/25/2029 - 04/25/2032 •  | 15 | 14 |

---

------

<br> Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.860% due 07/01/2033 | 2500 | 2555 |
| 4.866% due 10/18/2030 •  | 5 | 5 |
| 4.870% due 06/25/2046 •  | 675 | 662 |
| 4.900% due 10/01/2028 | 709 | 725 |
| 4.920% due 06/25/2030 - 11/25/2059 •  | 10248 | 10119 |
| 4.990% due 03/01/2031 | 1477 | 1511 |
| 5.000% due 11/25/2028 - 11/01/2039 | 135 | 134 |
| 5.061% due 02/01/2031 •  | 12 | 12 |
| 5.120% due 10/25/2037 •  | 1225 | 1225 |
| 5.201% due 03/01/2035 •  | 24 | 24 |
| 5.300% due 09/01/2038 | 1022 | 1072 |
| 5.320% due 04/25/2032 •  | 2 | 2 |
| 5.361% due 02/01/2026 •  | 1 | 1 |
| 5.479% due 01/01/2049 •  | 1131 | 1166 |
| 5.498% due 02/01/2031 •  | 9 | 9 |
| 5.500% due 08/01/2039 - 11/01/2039 | 846 | 844 |
| 5.570% due 10/01/2028 | 863 | 891 |
| 5.610% due 10/01/2028 | 883 | 912 |
| 5.613% due 09/01/2034 •  | 1 | 1 |
| 5.645% due 06/01/2029 - 06/01/2030 •  | 12 | 12 |
| 5.697% due 08/01/2042 - 10/01/2044 •  | 466 | 469 |
| 5.730% due 10/01/2028 | 1122 | 1175 |
| 5.750% due 12/01/2030 •  | 12 | 12 |
| 5.821% due 05/01/2030 •  | 6 | 6 |
| 5.897% due 10/01/2030 - 09/01/2040 •  | 31 | 31 |
| 6.000% due 04/25/2031 - 02/01/2037 | 140 | 144 |
| 6.034% due 02/01/2030 •  | 14 | 14 |
| 6.118% due 03/01/2035 •  | 11 | 12 |
| 6.140% due 11/01/2035 •  | 54 | 54 |
| 6.160% due 09/01/2035 •  | 35 | 36 |
| 6.175% due 11/01/2035 •  | 208 | 210 |
| 6.187% due 01/01/2035 •  | 5 | 5 |
| 6.260% due 05/01/2035 - 06/01/2035 •  | 59 | 60 |
| 6.300% due 06/25/2031 ~ | 40 | 39 |
| 6.320% due 02/01/2027 •  | 1 | 1 |
| 6.395% due 04/01/2032 •  | 1 | 1 |
| 6.405% due 11/01/2035 •  | 4 | 4 |
| 6.448% due 06/01/2032 - 02/01/2034 •  | 18 | 18 |
| 6.460% due 05/01/2035 •  | 22 | 22 |
| 6.500% due 06/25/2028 - 10/25/2031 | 179 | 185 |
| 6.500% due 04/25/2038 (a) | 96 | 22 |
| 6.525% due 12/01/2031 •  | 1 | 1 |
| 6.583% due 11/01/2035 •  | 3 | 3 |
| 6.600% due 01/01/2030 •  | 25 | 25 |
| 6.652% due 06/01/2035 •  | 15 | 15 |
| 6.675% due 02/01/2035 •  | 12 | 12 |
| 6.719% due 11/01/2048 •  | 479 | 495 |
| 6.722% due 09/01/2031 •  | 3 | 3 |
| 6.782% due 05/25/2035 ~ | 31 | 31 |
| 6.813% due 12/01/2048 •  | 674 | 697 |
| 6.848% due 12/01/2027 •  | 3 | 3 |
| 6.850% due 12/18/2027 | 24 | 24 |
| 6.912% due 02/01/2036 •  | 7 | 8 |
| 7.000% due 11/25/2026 - 09/01/2032 | 11 | 12 |
| 7.202% due 08/01/2035 •  | 25 | 26 |
| 7.220% due 05/01/2036 •  | 9 | 9 |
| 7.250% due 08/01/2029 •  | 3 | 3 |
| 7.277% due 07/01/2032 •  | 11 | 11 |
| 7.310% due 09/01/2035 •  | 1 | 1 |
| 7.312% due 07/01/2035 •  | 12 | 12 |
| 7.422% due 09/01/2035 •  | 28 | 29 |
| 7.430% due 07/01/2035 •  | 6 | 6 |
| 7.435% due 09/01/2034 •  | 22 | 23 |
| 7.500% due 11/20/2026 - 07/25/2041 | 68 | 69 |
| 7.519% due 07/01/2034 •  | 60 | 61 |
| **Farmer Mac**<br>8.850% due 04/25/2030 «~ | 24 | 24 |
| **Freddie Mac**  |  |  |
| 0.000% due 01/15/2035 - 05/15/2041 •  | 6967 | 6485 |
| 0.000% due 08/15/2056 - 10/15/2058 (b)(d) | 34456 | 22228 |
| 0.461% due 05/15/2035 •  | 2745 | 2719 |
| 1.641% due 10/15/2037 ~(a) | 102 | 5 |
| 1.774% due 05/15/2037 ~(a) | 257 | 14 |
| 1.926% due 10/15/2037 ~(a) | 44 | 2 |
| 2.000% due 11/25/2050 (a) | 5651 | 768 |
| 2.003% due 03/15/2037 ~(a) | 109 | 6 |
| 2.137% due 11/15/2036 ~(a) | 288 | 17 |
| 2.192% due 08/15/2041 ~(a) | 96 | 5 |
| 2.200% due 11/15/2038 ~(a) | 309 | 18 |
| 2.206% due 02/15/2038 ~(a) | 184 | 10 |
| 2.270% due 10/15/2041 ~(a) | 185 | 11 |
| 2.290% due 06/15/2038 ~(a) | 238 | 15 |
| 2.371% due 12/15/2043 •  | 1139 | 1047 |
| 2.500% due 12/15/2027 - 10/15/2052 (a) | 40100 | 6148 |
| 2.591% due 08/15/2036 ~(a) | 122 | 8 |
| 3.000% due 08/15/2032 - 08/01/2046 | 4891 | 4588 |

---

------

<br> Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 3.000% due 02/15/2033 - 09/15/2048 (a) | 2473 | 225 |
| 3.500% due 08/15/2026 - 08/15/2045 (a) | 10477 | 1671 |
| 3.500% due 09/01/2032 | 951 | 936 |
| 4.000% due 06/01/2029 - 12/01/2048 | 6824 | 6530 |
| 4.000% due 01/15/2046 (a) | 3103 | 545 |
| 4.174% due 07/01/2030 •  | 42 | 41 |
| 4.500% due 03/01/2029 - 06/01/2048 | 4232 | 4214 |
| 4.545% due 03/01/2029 •  | 1 | 1 |
| 4.550% due 08/15/2032 ~ | 5 | 5 |
| 4.556% due 07/25/2031 •  | 20 | 20 |
| 4.660% due 01/25/2031 | 6100 | 6178 |
| 4.670% due 05/25/2031 •  | 61 | 61 |
| 4.700% due 09/25/2031 •  | 21 | 21 |
| 4.718% due 06/15/2048 - 12/15/2048 •  | 2618 | 2561 |
| 4.768% due 12/15/2029 •  | 19 | 19 |
| 4.814% due 10/15/2037 - 10/15/2040 •  | 4845 | 4775 |
| 4.868% due 09/15/2026 - 12/15/2031 •  | 7 | 7 |
| 4.918% due 02/15/2028 - 03/15/2032 •  | 1 | 1 |
| 4.964% due 12/15/2046 •  | 336 | 332 |
| 4.968% due 03/15/2032 - 03/15/2044 •  | 821 | 817 |
| 4.970% due 01/25/2050 •  | 1336 | 1300 |
| 5.000% due 09/01/2025 - 07/01/2041 | 3864 | 3915 |
| 5.018% due 08/15/2035 •  | 184 | 184 |
| 5.368% due 04/15/2031 •  | 139 | 140 |
| 5.418% due 06/15/2031 •  | 10 | 10 |
| 5.500% due 11/01/2030 - 06/01/2041 | 9437 | 9699 |
| 5.618% due 07/15/2027 •  | 24 | 24 |
| 6.000% due 09/15/2026 - 05/01/2040 | 1405 | 1473 |
| 6.250% due 12/15/2028 | 30 | 30 |
| 6.262% due 01/01/2028 •  | 2 | 2 |
| 6.285% due 03/01/2033 •  | 23 | 24 |
| 6.348% due 12/01/2032 •  | 4 | 4 |
| 6.369% due 09/01/2028 •  | 1 | 1 |
| 6.402% due 11/01/2027 •  | 12 | 12 |
| 6.499% due 03/01/2032 •  | 2 | 2 |
| 6.500% due 06/15/2027 - 10/25/2043 | 577 | 599 |
| 6.532% due 06/01/2028 - 02/01/2031 •  | 1 | 1 |
| 6.534% due 07/01/2028 •  | 18 | 18 |
| 6.641% due 12/01/2026 •  | 1 | 1 |
| 6.643% due 02/01/2027 •  | 8 | 8 |
| 6.648% due 07/01/2035 •  | 76 | 78 |
| 6.650% due 12/01/2029 •  | 1 | 1 |
| 6.750% due 03/01/2033 •  | 8 | 8 |
| 6.874% due 11/01/2029 •  | 37 | 38 |
| 6.894% due 10/01/2036 •  | 24 | 25 |
| 6.984% due 08/01/2035 •  | 4 | 4 |
| 7.000% due 01/01/2026 - 12/01/2032 | 9 | 10 |
| 7.067% due 12/01/2035 •  | 167 | 172 |
| 7.087% due 07/01/2030 •  | 1 | 1 |
| 7.125% due 10/01/2035 •  | 13 | 14 |
| 7.170% due 05/01/2032 •  | 59 | 60 |
| 7.390% due 05/01/2032 •  | 4 | 4 |
| 7.482% due 07/01/2027 •  | 1 | 1 |
| 7.500% due 08/15/2029 (a) | 1 | 0 |
| 7.500% due 01/15/2030 | 17 | 18 |
| 7.647% due 11/01/2034 •  | 9 | 9 |
| 8.000% due 06/01/2030 - 09/01/2030 | 1 | 0 |
| **Ginnie Mae**  |  |  |
| 0.000% due 03/20/2035 (b)(d) | 103 | 98 |
| 0.000% due 09/20/2045 •  | 1736 | 1118 |
| 0.086% due 06/20/2042 ~(a) | 461 | 25 |
| 0.092% due 11/20/2045 ~(a) | 493 | 22 |
| 0.136% due 06/20/2042 ~(a) | 425 | 21 |
| 0.137% due 09/20/2045 ~(a) | 660 | 27 |
| 0.143% due 12/20/2045 ~(a) | 350 | 15 |
| 0.208% due 06/20/2043 ~(a) | 442 | 21 |
| 0.213% due 08/20/2045 ~(a) | 207 | 8 |
| 1.087% due 03/16/2051 ~(a) | 608 | 1 |
| 2.500% due 03/20/2027 - 09/20/2051 | 34715 | 29575 |
| 3.000% due 12/15/2042 - 11/20/2067 | 17416 | 15916 |
| 3.000% due 06/20/2046 (a) | 143 | 9 |
| 3.500% due 11/15/2041 - 02/20/2052 | 68608 | 63226 |
| 3.500% due 08/20/2042 - 09/20/2046 (a) | 5246 | 530 |
| 4.000% due 09/15/2040 - 03/15/2052 | 19759 | 18772 |
| 4.500% due 06/15/2035 - 01/20/2049 | 16798 | 16400 |
| 4.625% (H15T1Y + 1.500%) due 07/20/2025 - 09/20/2026 ~•  | 5 | 5 |
| 4.625% due 07/20/2027 - 07/20/2035 •  | 1610 | 1628 |
| 4.750% due 12/20/2029 - 12/20/2032 •  | 284 | 288 |
| 4.875% (H15T1Y + 1.500%) due 04/20/2026 - 06/20/2026 ~•  | 16 | 16 |
| 4.875% due 04/20/2027 - 04/20/2033 •  | 847 | 851 |
| 4.926% due 01/20/2059 •  | 20 | 20 |
| 5.000% (H15T1Y + 1.500%) due 08/20/2025 - 09/20/2026 ~•  | 1 | 0 |
| 5.000% due 07/20/2027 - 08/20/2030 •  | 200 | 200 |
| 5.000% due 05/15/2033 - 12/20/2048 | 9357 | 9438 |
| 5.240% due 10/20/2058 •  | 1 | 1 |
| 5.496% due 07/20/2070 - 08/20/2070 •  | 14137 | 14289 |

---

------

<br> Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.500% due 07/20/2030 - 09/20/2030 •  | 19 | 18 |
| 5.500% due 09/15/2031 - 07/15/2041 | 3833 | 3973 |
| 5.625% (H15T1Y + 1.500%) due 01/20/2026 - 03/20/2026 ~•  | 5 | 4 |
| 5.625% due 01/20/2027 - 02/20/2032 •  | 106 | 106 |
| 5.696% due 10/20/2070 •  | 6957 | 7078 |
| 5.802% due 09/20/2071 •  | 24595 | 25140 |
| 6.000% due 09/15/2036 - 12/15/2040 | 704 | 730 |
| 6.125% due 01/20/2034 •  | 854 | 880 |
| 6.500% due 01/15/2028 - 07/15/2039 | 780 | 811 |
| 7.000% due 06/20/2026 - 09/20/2028 | 2 | 2 |
| 7.500% due 06/15/2027 - 10/15/2031 | 14 | 12 |
| 8.000% due 12/15/2028 - 09/15/2031 | 13 | 14 |
| 8.500% due 08/15/2027 - 01/20/2031 | 101 | 103 |
| **Ginnie Mae, TBA**  |  |  |
| 2.000% due 07/01/2055 - 08/01/2055 | 99600 | 81136 |
| 2.500% due 08/01/2055 | 94850 | 80599 |
| 3.000% due 07/01/2055 - 08/01/2055 | 253350 | 224080 |
| 3.500% due 07/01/2055 | 17882 | 16260 |
| 4.000% due 07/01/2055 - 08/01/2055 | 38650 | 35936 |
| 4.500% due 08/01/2055 | 42900 | 41049 |
| 5.000% due 07/01/2055 | 54800 | 53839 |
| 5.500% due 07/01/2055 | 33500 | 33554 |
| **U.S. Small Business Administration**  |  |  |
| 5.370% due 04/01/2028 | 265 | 268 |
| 5.490% due 05/01/2028 | 271 | 273 |
| 5.870% due 05/01/2026 - 07/01/2028 | 196 | 199 |
| 6.220% due 12/01/2028 | 43 | 44 |
| **Uniform Mortgage-Backed Security**  |  |  |
| 1.500% due 12/01/2050 - 06/01/2051 | 280 | 212 |
| 2.000% due 11/01/2026 - 04/01/2036 | 8306 | 7661 |
| 2.500% due 01/01/2032 - 04/01/2052 | 36709 | 31072 |
| 3.000% due 10/01/2026 - 04/01/2052 | 201619 | 177306 |
| 3.500% due 10/01/2025 - 05/01/2050 | 69807 | 65092 |
| 4.000% due 12/01/2025 - 06/01/2049 | 58317 | 56348 |
| 4.500% due 09/01/2025 - 01/01/2049 | 13203 | 13081 |
| 5.000% due 09/01/2025 - 06/01/2053 | 7393 | 7355 |
| 5.500% due 11/01/2028 - 02/01/2042 | 5287 | 5410 |
| 6.000% due 09/01/2028 - 05/01/2041 | 6444 | 6709 |
| 6.500% due 02/01/2026 - 04/01/2043 | 3018 | 3162 |
| 8.000% due 07/01/2030 - 10/01/2030 | 3 | 3 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 1.500% due 07/01/2055 | 14400 | 10829 |
| 2.000% due 07/01/2040 | 18600 | 17001 |
| 2.500% due 08/01/2055 | 33430 | 27728 |
| 3.000% due 07/01/2040 - 08/01/2055 | 697680 | 608474 |
| 3.500% due 07/01/2040 | 97900 | 94486 |
| 4.000% due 08/01/2055 | 64040 | 59542 |
| 4.500% due 07/01/2040 - 08/01/2055 | 572818 | 547778 |
| 5.000% due 07/01/2040 - 08/01/2055 | 483604 | 473771 |
| 5.500% due 07/01/2040 - 08/01/2055 | 347600 | 347426 |
| 6.000% due 08/01/2055 | 68700 | 69751 |
| 6.500% due 07/01/2055 | 42856 | 44255 |
| 7.000% due 08/01/2055 - 09/01/2055 | 9000 | 9439 |
| **Vendee Mortgage Trust**  |  |  |
| 6.341% due 01/15/2030 ~ | 56 | 57 |
| 6.500% due 03/15/2029 | 70 | 70 |
| Total U.S. Government Agencies (Cost $3,696,555) |  | 3657885 |
| **U.S. TREASURY OBLIGATIONS 6.4%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.125% due 08/15/2044 (g) | 77200 | 70750 |
| Total U.S. Treasury Obligations (Cost $77,937) |  | 70750 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 8.4%**  |  |  |
| **Adjustable Rate Mortgage Trust** <br>5.460% due 09/25/2035 ~ | 133 | 117 |
| **Banc of America Funding Trust**  |  |  |
| 5.012% due 05/20/2035 •  | 189 | 175 |
| 6.253% due 10/25/2036  | 377 | 334 |
| 6.337% due 01/25/2037  | 374 | 350 |
| **Banc of America Mortgage Trust**  |  |  |
| 5.056% due 02/25/2036 ~  | 72 | 67 |
| 5.855% due 07/25/2034 ~  | 1 | 1 |
| **Bank of America Mortgage Trust**  |  |  |
| 6.767% due 06/20/2031 ~  | 17 | 18 |
| **Bear Stearns Adjustable Rate Mortgage Trust**  |  |  |
| 4.811% due 11/25/2030 ~  | 1 | 1 |
| 6.375% due 08/25/2033 ~  | 41 | 40 |
| 6.500% due 01/25/2034 ~  | 1 | 1 |
| 7.326% due 08/25/2033 ~  | 47 | 45 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.333% due 11/25/2036 ~  | 143 | 65 |
| 4.607% due 11/25/2036 ~  | 392 | 201 |
| 4.608% due 11/25/2036 ~  | 286 | 165 |

---

------

<br> Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.467% due 05/25/2035 ~  | 75 | 72 |
| **Bear Stearns Structured Products, Inc. Trust** <br>4.120% due 12/26/2046 ~ | 483 | 384 |
| **BellaVista Mortgage Trust** <br>4.932% due 05/20/2045 •  | 92 | 59 |
| **Chase Mortgage Finance Trust**  |  |  |
| 4.443% due 09/25/2036 ~  | 14 | 12 |
| 6.000% due 07/25/2037  | 1502 | 655 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates**  |  |  |
| 4.457% due 01/25/2035 ~  | 119 | 111 |
| 4.614% due 05/25/2036 •  | 42 | 40 |
| 4.684% due 08/25/2035 •  | 60 | 58 |
| **Citigroup Mortgage Loan Trust**  |  |  |
| 5.988% due 08/25/2035 ~  | 46 | 41 |
| 6.490% due 05/25/2035 •  | 1 | 1 |
| 6.500% due 06/25/2054 ~  | 1659 | 1692 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>6.080% due 09/25/2035 •  | 50 | 51 |
| **CitiMortgage Alternative Loan Trust** <br>6.000% due 06/25/2037 | 327 | 287 |
| **Countrywide Alternative Loan Resecuritization Trust** <br>3.931% due 08/25/2037 ~ | 80 | 36 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.712% due 09/20/2046 •  | 5454 | 4787 |
| 4.814% due 09/25/2046 •  | 1955 | 1820 |
| 4.832% due 07/20/2046 •  | 218 | 185 |
| 4.834% due 05/25/2036 •  | 25 | 21 |
| 4.854% due 05/25/2035 •  | 314 | 300 |
| 4.874% due 05/25/2035 •  | 43 | 40 |
| 4.934% due 05/25/2035 •  | 85 | 67 |
| 4.934% due 09/25/2046 •  | 3664 | 2965 |
| 4.934% due 10/25/2046 •  | 272 | 207 |
| 4.954% due 07/25/2046 •  | 1475 | 1056 |
| 4.994% due 12/25/2035 •  | 128 | 117 |
| 5.072% due 12/20/2035 •  | 365 | 345 |
| 5.114% due 10/25/2046 •  | 1214 | 898 |
| 6.250% due 11/25/2036  | 528 | 388 |
| **Countrywide Home Loan Mortgage Pass-Through Trust**  |  |  |
| 4.607% due 11/25/2037 ~  | 270 | 258 |
| 4.860% due 09/25/2047 ~  | 208 | 188 |
| 4.894% due 05/25/2035 •  | 345 | 302 |
| 4.925% due 09/25/2034 ~  | 109 | 103 |
| 4.974% due 02/25/2035 •  | 27 | 26 |
| 5.014% due 04/25/2035 •  | 193 | 184 |
| 5.074% due 03/25/2035 •  | 26 | 24 |
| 5.094% due 02/25/2035 •  | 222 | 209 |
| 5.114% due 02/25/2035 •  | 5 | 5 |
| 5.114% due 03/25/2036 •  | 7 | 1 |
| 5.134% due 02/25/2036 •  | 12 | 5 |
| 6.250% due 07/19/2031 ~  | 2 | 2 |
| 6.305% due 06/19/2031 ~  | 2 | 2 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>5.695% due 06/25/2033 ~ | 3 | 3 |
| **Credit Suisse Mortgage Capital Mortgage-Backed Trust**  |  |  |
| 2.500% due 07/25/2056 ~  | 984 | 806 |
| 4.699% due 05/27/2053 ~  | 4323 | 3864 |
| 6.079% due 04/25/2037  | 1721 | 485 |
| **Deutsche Alt-B Securities Mortgage Loan Trust** <br>4.534% due 10/25/2036 •  | 5 | 5 |
| **First Nationwide Mortgage-Backed Pass-Through Trust** <br>6.750% due 08/21/2031 | 4 | 4 |
| **GreenPoint Mortgage Funding Trust**  |  |  |
| 4.834% due 12/25/2046 •  | 1076 | 1049 |
| 4.974% due 04/25/2036 •  | 452 | 398 |
| **GreenPoint Mortgage Pass-Through Certificates** <br>7.182% due 10/25/2033 ~ | 6 | 6 |
| **GS Mortgage Securities Corp. Trust** <br>5.509% due 07/15/2031 •  | 2000 | 1561 |
| **GS Mortgage-Backed Securities Trust** <br>3.000% due 09/25/2052 ~ | 14267 | 12163 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.537% due 04/25/2036 ~  | 102 | 62 |
| 4.857% due 06/25/2034 ~  | 7 | 7 |
| 4.954% due 08/25/2046 •  | 2056 | 454 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 2.722% due 11/19/2034 ~  | 17 | 13 |
| 4.692% due 03/19/2037 •  | 177 | 164 |
| 4.872% due 05/19/2046 •  | 510 | 153 |
| 5.485% due 08/19/2034 ~  | 417 | 388 |
| 5.514% due 08/19/2036 ~  | 19 | 19 |
| **HomeBanc Mortgage Trust** <br>5.294% due 08/25/2029 •  | 52 | 51 |
| **IndyMac Adjustable Rate Mortgage Trust** <br>6.636% due 01/25/2032 ~ | 1 | 1 |
| **IndyMac INDB Mortgage Loan Trust** <br>5.034% due 11/25/2035 •  | 78 | 44 |

---

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<br> Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **IndyMac** **INDX Mortgage Loan Trust**  |  |  |
| 3.332% due 01/25/2036 ~  | 144 | 128 |
| 3.587% due 01/25/2036 ~  | 1 | 0 |
| 3.736% due 08/25/2035 ~  | 363 | 264 |
| 4.071% due 08/25/2036 ~  | 6482 | 5514 |
| 4.588% due 12/25/2034 ~  | 2 | 2 |
| 4.734% due 06/25/2037 •  | 285 | 101 |
| 4.854% due 05/25/2046 •  | 438 | 397 |
| 4.914% due 04/25/2035 •  | 40 | 33 |
| 4.914% due 07/25/2035 •  | 318 | 293 |
| 5.074% due 02/25/2035 •  | 59 | 54 |
| **JP Morgan Mortgage Trust**  |  |  |
| 3.000% due 04/25/2052 ~  | 5358 | 4575 |
| 3.000% due 05/25/2052 ~  | 6138 | 5248 |
| 5.334% due 12/25/2049 •  | 1177 | 1124 |
| 5.384% due 08/25/2049 •  | 643 | 616 |
| 5.775% due 10/25/2035 ~  | 449 | 425 |
| **Lehman XS Trust** <br>5.074% due 11/25/2046 •  | 1568 | 1191 |
| **Luminent Mortgage Trust** <br>4.794% due 12/25/2036 •  | 209 | 201 |
| **MASTR Adjustable Rate Mortgages Trust**  |  |  |
| 4.914% due 05/25/2037 •  | 320 | 126 |
| 5.114% due 05/25/2047 •  | 3255 | 2657 |
| **MASTR Reperforming Loan Trust** <br>7.000% due 08/25/2034 | 61 | 42 |
| **MASTR Seasoned Securitization Trust** <br>4.892% due 10/25/2032 ~ | 42 | 39 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Certificates**  |  |  |
| 5.126% due 11/15/2031 •  | 46 | 45 |
| 5.306% due 11/15/2031 •  | 6 | 6 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Trust**  |  |  |
| 4.866% due 12/15/2030 •  | 57 | 56 |
| 4.906% due 06/15/2030 •  | 46 | 45 |
| **Merrill Lynch Alternative Note Asset Trust** <br>5.034% due 03/25/2037 •  | 839 | 197 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 5.154% due 04/25/2035 ~  | 3 | 3 |
| 5.264% due 01/25/2029 ~  | 461 | 390 |
| 5.313% due 10/25/2028 •  | 3 | 3 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 4.944% due 02/25/2047 •  | 754 | 301 |
| 5.370% due 07/25/2035 ~  | 262 | 215 |
| **Mortgage Equity Conversion Asset Trust**  |  |  |
| 4.460% due 02/25/2042 •  | 446 | 440 |
| 4.490% due 01/25/2042 •  | 3690 | 3595 |
| 10.000% due 05/25/2042 •  | 2141 | 1790 |
| **New Residential Mortgage Loan Trust** <br>2.750% due 07/25/2059 ~ | 4352 | 4181 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust** <br>7.000% due 02/19/2030 ~ | 87 | 86 |
| **OBX Trust** <br>3.000% due 01/25/2052 ~ | 2549 | 2169 |
| **Prime Mortgage Trust** <br>4.834% due 02/25/2034 •  | 5 | 5 |
| **Residential Accredit Loans, Inc. Trust**  |  |  |
| 4.108% due 08/25/2035 ~  | 421 | 148 |
| 4.974% due 05/25/2046 •  | 333 | 276 |
| **Residential Funding Mortgage Securities, Inc. Trust** <br>5.871% due 09/25/2035 ~ | 584 | 374 |
| **Sequoia Mortgage Trust**  |  |  |
| 4.731% due 01/20/2047 ~  | 224 | 159 |
| 5.072% due 04/19/2027 •  | 3 | 3 |
| 5.132% due 10/19/2026 •  | 3 | 3 |
| 5.192% due 10/20/2027 •  | 29 | 28 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 3.972% due 01/25/2035 ~  | 50 | 49 |
| 4.519% due 11/25/2035 ~  | 138 | 127 |
| 4.728% due 08/25/2035 ~  | 4 | 4 |
| 4.972% due 07/25/2035 ~  | 15 | 13 |
| 5.169% due 06/25/2034 •  | 143 | 138 |
| 5.967% due 07/25/2034 ~  | 9 | 9 |
| 6.210% due 10/25/2037 •  | 650 | 586 |
| **Structured Asset Mortgage Investments Trust**  |  |  |
| 4.694% due 03/25/2037 •  | 57 | 21 |
| 4.814% due 06/25/2036 •  | 42 | 42 |
| 4.854% due 05/25/2036 •  | 350 | 244 |
| 4.894% due 05/25/2045 •  | 397 | 376 |
| 4.932% due 07/19/2035 •  | 339 | 331 |
| 5.034% due 08/25/2036 •  | 1919 | 1395 |
| 5.092% due 09/19/2032 •  | 112 | 109 |
| 5.092% due 10/19/2034 •  | 26 | 25 |
| 5.132% due 03/19/2034 •  | 138 | 131 |
| **Structured Asset Mortgage Investments, Inc.** <br>6.750% due 05/02/2030 ~ | 49 | 0 |

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<br> Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Structured** **Asset Securities Corp. Mortgage Pass-Through Certificates** <br>6.554% due 06/25/2033 ~ | 1 | 1 |
| **TBW Mortgage-Backed Trust**  |  |  |
| 6.130% due 01/25/2037  | 847 | 190 |
| 6.470% due 09/25/2036  | 9085 | 210 |
| 6.515% due 07/25/2037  | 1331 | 488 |
| **Thornburg Mortgage Securities Trust** <br>5.504% due 06/25/2043 ~ | 64 | 62 |
| **Towd Point Mortgage Trust** <br>2.900% due 10/25/2059 ~ | 5162 | 4960 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.716% due 04/25/2037 ~  | 443 | 402 |
| 4.351% due 12/25/2036 ~  | 422 | 387 |
| 4.954% due 11/25/2045 •  | 357 | 343 |
| 5.014% due 10/25/2045 •  | 23 | 23 |
| 5.074% due 01/25/2045 •  | 75 | 74 |
| 5.074% due 07/25/2045 •  | 13 | 13 |
| 5.094% due 01/25/2045 •  | 200 | 199 |
| 5.148% due 12/25/2035 ~  | 79 | 75 |
| 5.239% due 11/25/2046 •  | 103 | 87 |
| 5.399% due 02/25/2046 •  | 407 | 372 |
| 5.434% due 07/25/2044 •  | 36 | 35 |
| 5.484% due 12/25/2045 •  | 693 | 605 |
| 5.599% due 11/25/2042 •  | 12 | 12 |
| 5.649% due 01/25/2047 •  | 466 | 429 |
| 5.799% due 06/25/2042 •  | 57 | 53 |
| 5.799% due 08/25/2042 •  | 137 | 132 |
| 6.172% due 08/25/2033 ~  | 86 | 84 |
| 6.205% due 03/25/2034 ~  | 2 | 2 |
| 6.526% due 09/25/2033 ~  | 41 | 41 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust** <br>6.768% due 07/25/2036 | 2116 | 460 |
| **Washington Mutual MSC Mortgage Pass-Through Certificates Trust** <br>6.768% due 11/25/2030 ~ | 14 | 14 |
| **Wells Fargo Mortgage-Backed Securities Trust** <br>6.571% due 07/25/2034 ~ | 5 | 5 |
| Total Non-Agency Mortgage-Backed Securities (Cost $107,496) |  | 92190 |
| **ASSET-BACKED SECURITIES 8.0%**  |  |  |
| **CMBS OTHER 0.5%**  |  |  |
| **MF1 LLC** <br>6.468% due 06/19/2037 •  | 2831 | 2833 |
| **MF1 Ltd.** <br>5.509% due 10/16/2036 •  | 2110 | 2110 |
|  |  | 4943 |
| **HOME EQUITY OTHER 2.5%**  |  |  |
| **ABFC Trust**  |  |  |
| 5.134% due 06/25/2034 •  | 89 | 90 |
| 5.454% due 03/25/2032 •  | 101 | 102 |
| **ABFS Mortgage Loan Trust** <br>6.785% due 07/15/2033 þ | 480 | 375 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.554% due 10/25/2036 •  | 121 | 47 |
| 5.094% due 11/25/2035 •  | 99 | 108 |
| 5.484% due 07/25/2034 •  | 79 | 78 |
| **AFC Home Equity Loan Trust** <br>5.244% due 06/25/2029 •  | 117 | 89 |
| **Amortizing Residential Collateral Trust** <br>5.134% due 10/25/2031 •  | 55 | 54 |
| **AMRESCO Residential Securities Corp. Mortgage Loan Trust** <br>5.374% due 06/25/2029 •  | 143 | 146 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates** <br>5.169% due 10/25/2035 •  | 817 | 809 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.514% due 05/25/2037 •  | 1 | 1 |
| 4.946% due 06/15/2031 •  | 183 | 181 |
| **Bayview Financial Acquisition Trust** <br>4.966% due 05/28/2037 •  | 567 | 540 |
| **Bear Stearns Asset-Backed Securities Trust**  |  |  |
| 5.409% due 02/25/2034 •  | 273 | 277 |
| 5.934% due 11/25/2042 •  | 90 | 90 |
| 6.406% due 06/25/2043 ~  | 7 | 7 |
| **Centex Home Equity Loan Trust**  |  |  |
| 4.734% due 01/25/2032 •  | 36 | 36 |
| 5.284% due 01/25/2032 •  | 160 | 173 |
| **Chase Funding Trust**  |  |  |
| 5.034% due 07/25/2033 •  | 14 | 14 |
| 5.074% due 08/25/2032 •  | 324 | 320 |
| 5.094% due 11/25/2032 •  | 8 | 8 |
| **Citigroup Global Markets Mortgage Securities, Inc.** <br>5.784% due 01/25/2032 •  | 64 | 64 |

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<br> Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Citigroup** **Mortgage Loan Trust** <br>4.494% due 07/25/2045 •  | 124 | 86 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.574% due 07/25/2037 •  | 690 | 644 |
| 4.834% due 09/25/2037 •  | 363 | 333 |
| 5.334% due 10/25/2047 •  | 673 | 625 |
| 5.434% due 09/25/2032 •  | 746 | 760 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>3.968% due 08/25/2032 •  | 80 | 77 |
| **Credit-Based Asset Servicing & Securitization Trust** <br>3.221% due 01/25/2037 •  | 242 | 70 |
| **Delta Funding Home Equity Loan Trust** <br>5.246% due 09/15/2029 •  | 6 | 6 |
| **Ellington Loan Acquisition Trust**  |  |  |
| 5.484% due 05/25/2037 •  | 723 | 710 |
| 5.534% due 05/25/2037 •  | 289 | 283 |
| **EMC Mortgage Loan Trust** <br>5.174% due 05/25/2040 •  | 97 | 97 |
| **Encore Credit Receivables Trust** <br>5.124% due 07/25/2035 •  | 1740 | 1705 |
| **EquiFirst Mortgage Loan Trust** <br>4.914% due 01/25/2034 •  | 53 | 52 |
| **Fremont Home Loan Trust** <br>4.914% due 08/25/2036 •  | 5780 | 1804 |
| **GE-WMC Mortgage Securities Trust** <br>4.514% due 08/25/2036 •  | 32 | 14 |
| **GMACM Home Equity Loan Trust** <br>4.914% due 01/25/2029 •  | 4 | 4 |
| **GSAMP Trust**  |  |  |
| 2.520% due 10/25/2036 •  | 7472 | 35 |
| 4.574% due 12/25/2036 •  | 858 | 458 |
| **Home Equity Mortgage Loan Asset-Backed Trust** <br>4.654% due 04/25/2037 •  | 548 | 422 |
| **JP Morgan Mortgage Acquisition Trust** <br>4.594% due 08/25/2036 •  | 33 | 15 |
| **Long Beach Mortgage Loan Trust**  |  |  |
| 4.994% due 10/25/2034 •  | 55 | 54 |
| 5.484% due 10/25/2034 •  | 24 | 22 |
| 5.859% due 03/25/2032 •  | 13 | 19 |
| **MASTR Asset-Backed Securities Trust** <br>5.184% due 12/25/2034 •  | 376 | 377 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.554% due 10/25/2037 •  | 949 | 139 |
| 4.594% due 09/25/2037 •  | 122 | 24 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 5.750% due 04/25/2037 ~  | 454 | 220 |
| 6.000% due 02/25/2037 ~  | 628 | 347 |
| **NovaStar Mortgage Funding Trust** <br>4.694% due 03/25/2037 •  | 1358 | 883 |
| **Option One Mortgage Loan Trust**  |  |  |
| 4.714% due 01/25/2037 •  | 450 | 264 |
| 5.214% due 02/25/2035 •  | 1133 | 1082 |
| **Option One Mortgage Loan Trust Asset-Backed Certificates** <br>5.124% due 11/25/2035 •  | 166 | 160 |
| **RCKT Mortgage Trust** <br>6.025% due 02/25/2044 ~ | 477 | 480 |
| **Renaissance Home Equity Loan Trust**  |  |  |
| 3.733% due 08/25/2033 •  | 147 | 134 |
| 5.154% due 11/25/2034 •  | 110 | 96 |
| 5.194% due 12/25/2032 •  | 14 | 13 |
| 5.634% due 08/25/2032 •  | 191 | 182 |
| **Residential Asset Mortgage Products Trust** <br>5.379% due 09/25/2035 •  | 1503 | 1476 |
| **Residential Asset Securities Corp. Trust** <br>4.724% due 06/25/2033 •  | 36 | 33 |
| **SACO Trust** <br>4.954% due 06/25/2036 •  | 18 | 18 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.554% due 12/25/2036 •  | 2010 | 432 |
| **Soundview Home Loan Trust** <br>4.554% due 11/25/2036 •  | 57 | 16 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 5.364% due 06/25/2035 •  | 7609 | 7351 |
| 5.709% due 12/25/2034 •  | 976 | 946 |
| **Structured Asset Securities Corp. Trust** <br>5.124% due 09/25/2035 •  | 344 | 329 |
|  |  | 26906 |
| **HOME EQUITY SEQUENTIAL 0.0%**  |  |  |
| **JP Morgan Mortgage Acquisition Trust** <br>4.694% due 03/25/2037 •  | 69 | 69 |

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<br> Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Morgan** **Stanley Mortgage Loan Trust** <br>5.154% due 04/25/2037 •  | 196 | 51 |
|  |  | 120 |
| **MANUFACTURING HOUSE ABS OTHER 0.0%**  |  |  |
| **UCFC Manufactured Housing Contract** <br>7.900% due 01/15/2028 ~ | 36 | 36 |
| **WHOLE LOAN COLLATERAL 0.5%**  |  |  |
| **Bear Stearns Asset-Backed Securities Trust** <br>5.234% due 09/25/2046 •  | 412 | 395 |
| **GSAMP Trust** <br>5.234% due 02/25/2033 •  | 16 | 16 |
| **PRET LLC** <br>6.721% due 07/25/2051 þ | 5489 | 5496 |
| **Residential Asset Mortgage Products Trust** <br>5.034% due 03/25/2036 •  | 33 | 33 |
|  |  | 5940 |
| **OTHER ABS 4.5%**  |  |  |
| **Anchorage Capital CLO Ltd.** <br>5.712% due 04/22/2034 •  | 3200 | 3207 |
| **Apidos CLO** <br>5.622% due 07/16/2031 •  | 1585 | 1588 |
| **Ares CLO Ltd.** <br>5.600% due 04/17/2033 •  | 3400 | 3411 |
| **Atlas Senior Loan Fund Ltd.** <br>5.717% due 10/24/2031 •  | 1321 | 1323 |
| **Betony CLO Ltd.** <br>5.621% due 04/30/2031 •  | 731 | 732 |
| **Carlyle Global Market Strategies CLO Ltd.**  |  |  |
| 5.511% due 04/17/2031 •  | 184 | 184 |
| 5.658% due 07/15/2031 •  | 990 | 992 |
| **CIFC Funding Ltd.**  |  |  |
| 5.487% due 10/24/2030 •  | 2125 | 2126 |
| 5.690% due 07/17/2037 •  | 5000 | 5015 |
| **Dryden CLO Ltd.** <br>5.501% due 04/18/2031 •  | 1817 | 1820 |
| **Dryden Senior Loan Fund** <br>5.488% due 04/15/2031 •  | 1876 | 1877 |
| **Gallatin CLO Ltd.** <br>5.608% due 07/15/2031 •  | 3088 | 3096 |
| **KKR CLO Ltd.**  |  |  |
| 5.471% due 07/18/2030 •  | 449 | 450 |
| 5.518% due 04/15/2031 •  | 342 | 342 |
| **LCM Ltd.** <br>5.611% due 04/20/2031 •  | 3116 | 3123 |
| **Madison Park Funding Ltd.** <br>5.514% due 07/27/2031 •  | 823 | 824 |
| **Magnetite Ltd.** <br>5.743% due 01/25/2032 •  | 639 | 640 |
| **Marathon CLO Ltd.** <br>5.456% due 04/15/2032 •  | 1685 | 1687 |
| **Mountain View CLO LLC** <br>5.562% due 01/16/2031 •  | 11 | 11 |
| **Mountain View CLO Ltd.** <br>5.638% due 07/15/2031 •  | 725 | 726 |
| **Newark BSL CLO Ltd.**  |  |  |
| 5.513% due 07/25/2030 •  | 3046 | 3048 |
| 5.644% due 12/21/2029 •  | 254 | 254 |
| **OZLM Ltd.** <br>5.419% due 07/20/2030 •  | 284 | 284 |
| **Romark CLO Ltd.** <br>5.571% due 10/23/2030 •  | 7330 | 7337 |
| **SLM Student Loan Trust** <br>5.805% due 12/15/2033 •  | 1035 | 1016 |
| **Symphony CLO Ltd.** <br>5.479% due 01/23/2032 •  | 798 | 799 |
| **TIAA CLO Ltd.** <br>5.672% due 01/16/2031 •  | 96 | 96 |

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<br> Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | |
|:---|:---|:---|
| **Venture** **CLO Ltd.** <br>5.664% due 04/20/2032 •  | 3372 | 3375 |
|  |  | 49383 |
| Total Asset-Backed Securities (Cost $99,466) |  | 87328 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.6%**  |  |  |
| **MUTUAL FUNDS 0.1%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class**<br> 4.380% (f) | 553338 | 553 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **U.S. TREASURY BILLS 0.5%**  |  |  |
| 4.341% due 08/07/2025 - 09/11/2025 (c)(d) | 5721 | 5686 |
| Total Short-Term Instruments (Cost $6,239) |  | 6239 |
| Total Investments in Securities (Cost $3,994,233) |  | 3919340 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 2.0%**  |  |  |
| **SHORT-TERM INSTRUMENTS 2.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 2.0%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 2217612 | 21593 |
| Total Short-Term Instruments (Cost $21,593) |  | 21593 |
| Total Investments in Affiliates (Cost $21,593) |  | 21593 |
| Total Investments 359.5% (Cost $4,015,826) |  | $3940933 |
| **Financial Derivative Instruments (h)(i) (0.2)**%(Cost or Premiums, net $5,927) |  | (2107) |
| Other Assets and Liabilities, net (259.3)% |  | (2842543) |
| Net Assets 100.0% |  | $1096283 |

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<br> Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero 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.** |
| **«** | **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.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **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.** |
| **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:** |
| Counterparty | Counterparty | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> |  | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| JPS | JPS | 06/04/2025 | 06/04/2025 | 07/02/2025 | 07/02/2025 | 07/02/2025 | (3339) | (3339) | $ | (3350) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  | **$** | **(3350)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Coupon | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (70.5)% | U.S. Government Agencies (70.5)% | U.S. Government Agencies (70.5)% | U.S. Government Agencies (70.5)% | U.S. Government Agencies (70.5)% | U.S. Government Agencies (70.5)% | U.S. Government Agencies (70.5)% | U.S. Government Agencies (70.5)% | U.S. Government Agencies (70.5)% | U.S. Government Agencies (70.5)% | U.S. Government Agencies (70.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000% | 07/01/2055 | 07/01/2055 | 125000 | $(98134) | (98134) | $(98982) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 08/01/2055 | 08/01/2055 | 121300 | (95423) | (95423) | (96090) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.500 | 08/01/2055 | 08/01/2055 | 249100 | (222847) | (222847) | (224231) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 6.500 | 07/01/2055 | 07/01/2055 | 80556 | (83143) | (83143) | (83185) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 6.500 | 08/01/2055 | 08/01/2055 | 262000 | (269659) | (269659) | (270151) |
| **Total Short Sales (70.5)%** | **Total Short Sales (70.5)%** | **Total Short Sales (70.5)%** | **Total Short Sales (70.5)%** |  |  |  |  | $**(769206)** | **(769206)** | $**(772639)** |
| **(g)** | **Securities with an aggregate market value of $3,391 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,391 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,391 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,391 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,391 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,391 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,391 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,391 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,391 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,391 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended June 30, 2025 was $(26708) at a weighted average interest rate of 4.412%. 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 June 30, 2025 was $(26708) at a weighted average interest rate of 4.412%. 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 June 30, 2025 was $(26708) at a weighted average interest rate of 4.412%. 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 June 30, 2025 was $(26708) at a weighted average interest rate of 4.412%. 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 June 30, 2025 was $(26708) at a weighted average interest rate of 4.412%. 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 June 30, 2025 was $(26708) at a weighted average interest rate of 4.412%. 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 June 30, 2025 was $(26708) at a weighted average interest rate of 4.412%. 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 June 30, 2025 was $(26708) at a weighted average interest rate of 4.412%. 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 June 30, 2025 was $(26708) at a weighted average interest rate of 4.412%. 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 June 30, 2025 was $(26708) at a weighted average interest rate of 4.412%. 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** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| U.S. Treasury 5-Year Note September Futures  | 09/2025 | 11264 | $1227776 | 1227776 | 1227776 | $13949 | 13949 | 1496 | 1496 | 0 |
| U.S. Treasury Ultra Long-Term Bond September Futures  | 09/2025 | 383 | 45625 | 45625 | 45625 | 1604 | 1604 | 515 | 515 | 0 |
|  |  |  |  |  |  | 15553 | $ | 2011 | $ | 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** |
|  |  |  |  |  |  |  |  | <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 | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| U.S. Treasury 10-Year Note September Futures  | 09/2025 | 3582 | $(401632) | (401632) | (401632) | $(7339) | (7339) | 0 | 0 | (1119) |

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<br> Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | 09/2025 | 5072 |  | (579555) |  | (11352) | (11352) |  | 0 | 0 | 0 |  | (2457) |
|  |  |  |  |  |  |  |  |  |  | $(18691) | (18691) | (18691) | $0 | 0 | 0 | $ | $(3576) | (3576) |
| **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** | $**(3138)** | **(3138)** | **(3138)** | $**2011** | **2011** | **2011** | **$** | $**(3576)** | **(3576)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **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** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <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 | 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) | 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 | 3.500% | Annual | 06/21/2026 | 06/21/2026 | $23500 | 23500 | (21) | 111 | 111 | $90 | 90 | 90 | $0 | 0 | $ | $(3) |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 3.560 | Annual | 04/10/2030 | 04/10/2030 | 30900 | 30900 | 154 | (12) | (12) | 142 | 142 | 142 | 49 | 49 |  | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 3.560 | Annual | 05/08/2030 | 05/08/2030 | 22910 | 22910 | 175 | (55) | (55) | 120 | 120 | 120 | 37 | 37 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2030 | 06/21/2030 | 39200 | 39200 | 547 | 225 | 225 | 772 | 772 | 772 | 0 | 0 |  | (63) |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 4.118 | Annual | 10/10/2030 | 10/10/2030 | 33900 | 33900 | (193) | 1207 | 1207 | 1014 | 1014 | 1014 | 63 | 63 |  | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 4.135 | Annual | 10/10/2030 | 10/10/2030 | 32200 | 32200 | (134) | 1128 | 1128 | 994 | 994 | 994 | 60 | 60 |  | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 4.145 | Annual | 10/10/2030 | 10/10/2030 | 13400 | 13400 | (54) | 475 | 475 | 421 | 421 | 421 | 25 | 25 |  | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 4.155 | Annual | 10/10/2030 | 10/10/2030 | 41400 | 41400 | (208) | 1533 | 1533 | 1325 | 1325 | 1325 | 77 | 77 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 4.185 | Annual | 10/10/2030 | 10/10/2030 | 66000 | 66000 | 323 | (2544) | (2544) | (2221) | (2221) | (2221) | 0 | 0 |  | (123) |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 4.012 | Annual | 11/08/2030 | 11/08/2030 | 37700 | 37700 | (266) | 1209 | 1209 | 943 | 943 | 943 | 71 | 71 |  | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 4.180 | Annual | 11/08/2030 | 11/08/2030 | 43000 | 43000 | (288) | 1763 | 1763 | 1475 | 1475 | 1475 | 82 | 82 |  | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 4.192 | Annual | 11/08/2030 | 11/08/2030 | 12500 | 12500 | (83) | 520 | 520 | 437 | 437 | 437 | 24 | 24 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.550 | Annual | 12/22/2030 | 12/22/2030 | 20500 | 20500 | 829 | (843) | (843) | (14) | (14) | (14) | 0 | 0 |  | (39) |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 3.705 | Annual | 01/10/2031 | 01/10/2031 | 47300 | 47300 | 210 | 243 | 243 | 453 | 453 | 453 | 92 | 92 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.710 | Annual | 03/12/2031 | 03/12/2031 | 6900 | 6900 | 145 | (221) | (221) | (76) | (76) | (76) | 0 | 0 |  | (14) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.013 | Annual | 04/09/2031 | 04/09/2031 | 14000 | 14000 | 301 | 70 | 70 | 371 | 371 | 371 | 0 | 0 |  | (28) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.170 | Annual | 04/15/2031 | 04/15/2031 | 13800 | 13800 | 289 | (43) | (43) | 246 | 246 | 246 | 0 | 0 |  | (27) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.232 | Annual | 04/26/2031 | 04/26/2031 | 10500 | 10500 | 232 | (83) | (83) | 149 | 149 | 149 | 0 | 0 |  | (21) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2031 | 06/20/2031 | 60000 | 60000 | (459) | (411) | (411) | (870) | (870) | (870) | 0 | 0 |  | (127) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.480 | Annual | 02/07/2032 | 02/07/2032 | 23000 | 23000 | 267 | (148) | (148) | 119 | 119 | 119 | 0 | 0 |  | (55) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1.840 | Annual | 07/15/2032 | 07/15/2032 | 26700 | 26700 | 0 | 3562 | 3562 | 3562 | 3562 | 3562 | 0 | 0 |  | (63) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 2.998 | Annual | 09/16/2032 | 09/16/2032 | 11000 | 11000 | 99 | 417 | 417 | 516 | 516 | 516 | 0 | 0 |  | (29) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.275 | Annual | 10/06/2032 | 10/06/2032 | 16400 | 16400 | 0 | 432 | 432 | 432 | 432 | 432 | 0 | 0 |  | (44) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.368 | Annual | 11/28/2032 | 11/28/2032 | 5300 | 5300 | 40 | 57 | 57 | 97 | 97 | 97 | 0 | 0 |  | (15) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.453 | Annual | 03/08/2033 | 03/08/2033 | 14600 | 14600 | 54 | 99 | 99 | 153 | 153 | 153 | 0 | 0 |  | (42) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.260 | Annual | 06/08/2033 | 06/08/2033 | 8800 | 8800 | 94 | 106 | 106 | 200 | 200 | 200 | 0 | 0 |  | (26) |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2033 | 06/21/2033 | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 06/20/2034 | 33500 | 33500 | (125) | (145) | (145) | (270) | (270) | (270) | 0 | 0 |  | (122) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 | 06/18/2035 | 26800 | 26800 | 1129 | (124) | (124) | 1005 | 1005 | 1005 | 0 | 0 |  | (106) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 12/20/2053 | 12/20/2053 | 39700 | 39700 | 2447 | 2478 | 2478 | 4925 | 4925 | 4925 | 0 | 0 |  | (297) |
|  |  |  |  |  |  |  |  | $ | $ | 11006 | $ | 16510 | 16510 | $ | 580 | 580 | $ | (1244) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **$** | **11006** | **$** | **16510** | **16510** | **$** | **580** | **580** | **$** | **(1244)** |
| **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $28,424 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** |
| **(i)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |

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<br> Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** | **PURCHASED** **OPTIONS:** |
| **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** |
| Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> |  | Cost | Market<br>Value | Market<br>Value |
| Receive | Receive | 5.000% | 10/24/2025 | 10/24/2025 |  | 81800 | $ | 65 | 0 | 0 |
| Receive | Receive | 4.250 | 11/28/2025 | 11/28/2025 |  | 23500 |  | 361 | 122 | 122 |
|  |  |  |  |  |  |  | $ | 426 | 122 | 122 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | **426** | **122** | **122** |
| **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 ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| Monthly | Monthly | 11/25/2034 | 11/25/2034 | 3 | 3 | (3) | (3) | $3 | 0 | $0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **(3)** | **$** | **3** | **$** | **0** |
| 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. |
| If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument'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** |
| **The following is a summary of the fair valuations according to the inputs used as of June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 30, 2025 in valuing the Portfolio's assets and liabilities**: |  |
| Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 06/30/2025 |  |
| **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** |  |
| 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 | $0 | 0 | 0 | $51 | 51 | $0 | 0 | 0 | 51 |  |
| Industrials | 0 | 0 | 0 | 508 | 508 | 0 | 0 | 0 | 508 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| Texas | 0 | 0 | 0 | 4389 | 4389 | 0 | 0 | 0 | 4389 |  |
| U.S. Government Agencies | 0 | 0 | 0 | 3657861 | 3657861 | 24 | 24 | 24 | 3657885 |  |
| U.S. Treasury Obligations | 0 | 0 | 0 | 70750 | 70750 | 0 | 0 | 0 | 70750 |  |
| Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 92190 | 92190 | 0 | 0 | 0 | 92190 |  |
| 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 | 0 | 0 | 0 | 4943 | 4943 | 0 | 0 | 0 | 4943 |  |
| Home Equity Other | 0 | 0 | 0 | 26906 | 26906 | 0 | 0 | 0 | 26906 |  |
| Home Equity Sequential | 0 | 0 | 0 | 120 | 120 | 0 | 0 | 0 | 120 |  |
| Manufacturing House ABS Other | 0 | 0 | 0 | 36 | 36 | 0 | 0 | 0 | 36 |  |
| Whole Loan Collateral | 0 | 0 | 0 | 5940 | 5940 | 0 | 0 | 0 | 5940 |  |
| Other ABS | 0 | 0 | 0 | 49383 | 49383 | 0 | 0 | 0 | 49383 |  |
| 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 | 0 | 0 | 0 | 553 | 553 | 0 | 0 | 0 | 553 |  |
| U.S. Treasury Bills | 0 | 0 | 0 | 5686 | 5686 | 0 | 0 | 0 | 5686 |  |
|  | $0 | 0 | 0 | $3919316 | 3919316 | $24 | 24 | 24 | 3919340 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | $21593 | 21593 | 21593 | $0 | 0 | $0 | 0 | 0 | 21593 |  |
| Total Investments | $21593 | 21593 | 21593 | $3919316 | 3919316 | $24 | 24 | 24 | 3940933 |  |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |  |
| U.S. Government Agencies | $0 | 0 | 0 | $(772639) | (772639) | $0 | 0 | 0 | (772639) |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | 0 | 0 | 0 | 2591 | 2591 | 0 | 0 | 0 | 2591 |  |
| Over the counter | 0 | 0 | 0 | 122 | 122 | 0 | 0 | 0 | 122 |  |
|  | $0 | 0 | 0 | $2713 | 2713 | $0 | 0 | 0 | 2713 |  |

---

------

<br> Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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 | $(4820) | $0 | $(4820) |
| Total Financial Derivative Instruments | $0 | $(2107) | $0 | $(2107) |
| Totals | $21593 | $3144570 | $24 | $3166187 |

---

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

------

<br> Schedule of Investments PIMCO Municipal Portfolio June 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 95.7% ¤** |  |  |
| **MUNICIPAL BONDS & NOTES 95.1%**  |  |  |
| **ARIZONA 3.4%**  |  |  |
| **Phoenix Civic Improvement Corp. Arizona Revenue Bonds, Series 2019** <br>5.000% due 07/01/2049 | $1250 | $1250 |
| **Salt River Project Agricultural Improvement & Power District, Arizona Revenue Bonds, Series 2023** <br>5.000% due 01/01/2050 | 2000 | 2038 |
|  |  | 3288 |
| **ARKANSAS 1.4%**  |  |  |
| **County of Pulaski Hospital, Arkansas Revenue Bonds, Series 2023** <br>4.250% due 03/01/2048 | 1500 | 1352 |
| **CALIFORNIA 8.4%**  |  |  |
| **California Community Choice Financing Authority Revenue Bonds, Series 2023** <br>5.000% due 02/01/2054 | 500 | 527 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2018** <br>5.000% due 12/01/2053 | 445 | 445 |
| **Inland Empire Tobacco Securitization Corp. California Revenue Bonds, Series 2019** <br>3.678% due 06/01/2038 | 705 | 677 |
| **Irvine Facilities Financing Authority, California Special Tax Bonds, (BAM Insured), Series 2023** <br>4.000% due 09/01/2058 | 1250 | 1092 |
| **Long Beach Bond Finance Authority, California Revenue Bonds, Series 2007** <br>5.500% due 11/15/2027 | 1000 | 1043 |
| **San Diego County, California Regional Airport Authority Revenue Bonds, Series 2023** <br>5.250% due 07/01/2058 | 2300 | 2333 |
| **San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Bonds, Series 2025** <br>5.500% due 05/01/2055 | 1000 | 1038 |
| **South San Francisco Unified School, California General Obligation Bonds, Series 2023** <br>4.000% due 09/01/2048 | 1000 | 919 |
|  |  | 8074 |
| **COLORADO 2.0%**  |  |  |
| **Colorado School of Mines Revenue Bonds, Series 2024** <br>5.000% due 12/01/2054 | 1000 | 1005 |
| **Denver, Colorado Airport System City & County Revenue Bonds, Series 2018** <br>4.000% due 12/01/2043 | 1000 | 899 |
|  |  | 1904 |
| **CONNECTICUT 2.7%**  |  |  |
| **Connecticut State Health & Educational Facilities Authority Revenue Bonds, Series 2017** <br>4.000% due 07/01/2047 | 3000 | 2562 |
| **DISTRICT OF COLUMBIA 1.6%**  |  |  |
| **District of Columbia General Obligation Bonds, Series 2024** <br>5.000% due 08/01/2049 | 500 | 510 |
| **Metropolitan Washington Airports Authority Aviation, District of Columbia Revenue Bonds, Series 2023** <br>5.250% due 10/01/2053 | 1000 | 1012 |
|  |  | 1522 |
| **FLORIDA 2.5%**  |  |  |
| **Miami-Dade County, Florida Transit System Revenue Bonds, Series 2018** <br>4.000% due 07/01/2044 | 1500 | 1374 |
| **Putnam County Development Authority, Florida Revenue Bonds, Series 2018** <br>5.000% due 03/15/2042 | 1000 | 1002 |
|  |  | 2376 |
| **GEORGIA 1.0%**  |  |  |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2019** <br>5.000% due 01/01/2059 | 1000 | 978 |
| **HAWAII 1.6%**  |  |  |
| **Hawaii Airports System State Revenue Bonds, Series 2018** <br>5.000% due 07/01/2048 | 1500 | 1488 |

---

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<br> Schedule of Investments PIMCO Municipal Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **ILLINOIS 4.1%**  |  |  |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, Series 2022** <br>5.000% due 01/01/2055 | 1000 | 983 |
| **Illinois State General Obligation Bonds, Series 2024** <br>5.000% due 05/01/2037 | 1000 | 1058 |
| **Illinois State Toll Highway Authority Revenue Bonds, Series 2020** <br>5.000% due 01/01/2045 | 1000 | 1009 |
| **Sales Tax Securitization Corp. Illinois Revenue Bonds, Series 2018** <br>4.000% due 01/01/2048 | 1000 | 855 |
|  |  | 3905 |
| **INDIANA 0.9%**  |  |  |
| **Indiana Finance Authority Revenue Bonds, Series 2019** <br>4.000% due 12/01/2049 | 1000 | 855 |
| **KENTUCKY 1.1%**  |  |  |
| **University of Kentucky Revenue Bonds, Series 2025** <br>5.250% due 04/01/2050 | 1000 | 1030 |
| **LOUISIANA 0.8%**  |  |  |
| **Louisiana Stadium and Exposition District Revenue Bonds, Series 2023** <br>5.000% due 07/01/2040 | 685 | 718 |
| **MARYLAND 1.8%**  |  |  |
| **Maryland Department of Transportation State Revenue Bonds, Series 2021** <br>5.000% due 08/01/2034 | 1600 | 1687 |
| **MASSACHUSETTS 1.0%**  |  |  |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2018** <br>5.000% due 07/01/2048 | 1000 | 977 |
| **MICHIGAN 1.3%**  |  |  |
| **Great Lakes Water Authority Sewage Disposal System, Michigan Revenue Bonds, Series 2023** <br>5.250% due 07/01/2053 | 1250 | 1293 |
| **MINNESOTA 2.6%**  |  |  |
| **St Cloud, Minnesota Revenue Bonds, Series 2019** <br>5.000% due 05/01/2048 | 2500 | 2500 |
| **NEVADA 2.6%**  |  |  |
| **Las Vegas Convention & Visitors Authority, Nevada Revenue Bonds, Series 2023** <br>5.000% due 07/01/2049 | 1000 | 1020 |
| **Reno, Nevada Revenue Bonds, (NPFGC Insured), Series 2005**  |  |  |
| 0.000% due 06/01/2034 (a)  | 980 | 638 |
| 0.000% due 06/01/2036 (a)  | 1520 | 878 |
|  |  | 2536 |
| **NEW JERSEY 4.1%**  |  |  |
| **Middlesex County Improvement Authority, New Jersey Revenue Bonds, Series 2023** <br>5.000% due 08/15/2053 | 1000 | 1024 |
| **New Jersey Economic Development Authority Revenue Bonds, Series 2021** <br>4.000% due 06/15/2040 | 1000 | 923 |
| **New Jersey Transportation Trust Fund Authority Revenue Bonds, Series 2020** <br>4.000% due 06/15/2039 | 1000 | 949 |
| **New Jersey Turnpike Authority Revenue Bonds, Series 2024** <br>5.250% due 01/01/2054 | 1000 | 1035 |
|  |  | 3931 |
| **NEW YORK 12.5%**  |  |  |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2023**  |  |  |
| 5.250% due 06/15/2048  | 300 | 312 |
| 5.250% due 06/15/2053  | 400 | 413 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2018** <br>5.000% due 08/01/2042 | 3100 | 3148 |
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2024** <br>5.000% due 05/01/2048 | 1000 | 1022 |
| **New York State Dormitory Authority Revenue Bonds, Series 2018** <br>5.000% due 10/01/2048 | 500 | 528 |
| **New York State Dormitory Authority Revenue Bonds, Series 2023** <br>5.000% due 03/15/2042 | 2000 | 2082 |
| **New York State Dormitory Authority Revenue Bonds, Series 2024** <br>5.000% due 03/15/2046 | 1000 | 1025 |
| **New York State Housing Finance Agency Revenue Bonds, (FHA Insured), Series 2020** <br>4.200% due 11/01/2054 (c) | 695 | 615 |
| **New York State Urban Development Corp. Revenue Bonds, Series 2023** <br>5.000% due 03/15/2063 | 1000 | 1007 |

---

------

<br> Schedule of Investments PIMCO Municipal Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **New** **York Transportation Development Corp. Revenue Bonds, (AGM Insured), Series 2023** <br>5.000% due 06/30/2049 | 1000 | 986 |
| **Town of Hempstead, New York General Obligation Bonds, Series 2024** <br>4.000% due 05/01/2047 | 1000 | 910 |
|  |  | 12048 |
| **OHIO 0.4%**  |  |  |
| **Columbus Regional Airport Authority, Ohio Revenue Bonds, Series 2025** <br>5.000% due 01/01/2036 | 400 | 425 |
| **OREGON 1.1%**  |  |  |
| **Washington & Multnomah Counties School District No 48J Beaverton, Oregon General Obligation Bonds, Series 2022** <br>5.000% due 06/15/2052 | 1000 | 1018 |
| **PENNSYLVANIA 13.3%**  |  |  |
| **Geisinger Authority, Pennsylvania Revenue Bonds, Series 2017** <br>4.000% due 02/15/2039 | 2500 | 2357 |
| **Monroeville Finance Authority, Pennsylvania Revenue Bonds, Series 2022** <br>4.000% due 02/15/2037 | 1000 | 968 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, (AGM Insured), Series 2022** <br>5.000% due 12/31/2057 | 1575 | 1538 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2022** <br>5.250% due 06/30/2053 | 1000 | 1001 |
| **Pennsylvania Higher Educational Facilities Authority Revenue Bonds, Series 2017** <br>4.000% due 08/15/2041 | 3000 | 2808 |
| **Pennsylvania Higher Educational Facilities Authority Revenue Bonds, Series 2019** <br>4.000% due 08/15/2049 | 1000 | 858 |
| **Pennsylvania Turnpike Commission Revenue Bonds, Series 2018** <br>5.000% due 12/01/2043 | 3250 | 3278 |
|  |  | 12808 |
| **RHODE ISLAND 1.0%**  |  |  |
| **Rhode Island Health & Educational Building Corp. Revenue Bonds, Series 2024** <br>5.000% due 05/15/2043 | 1000 | 1001 |
| **TENNESSEE 1.1%**  |  |  |
| **Metropolitan Government of Nashville & Davidson County, Tennessee Water & Sewer Revenue Bonds, (BABs), Series 2010** <br>6.568% due 07/01/2037 | 1000 | 1089 |
| **TEXAS 14.8%**  |  |  |
| **Grand Parkway Transportation Corp. Texas Revenue Bonds, (AGM/CR Insured), Series 2020** <br>4.000% due 10/01/2049 | 1880 | 1644 |
| **Houston, Texas Airport System Revenue Bonds,(AGM Insured), Series 2023** <br>5.000% due 07/01/2038 | 150 | 156 |
| **Houston, Texas General Obligation Bonds, Series 2024** <br>5.250% due 03/01/2049 | 1000 | 1032 |
| **Medina Valley Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2023** <br>4.500% due 02/15/2047 | 1000 | 966 |
| **New Hope Cultural Education Facilities Finance Corp. Texas Revenue Bonds, Series 2017** <br>4.000% due 08/15/2040 | 1550 | 1418 |
| **Northside Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025** <br>5.000% due 08/15/2050 | 1500 | 1535 |
| **Odem-Edroy Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2023** <br>5.000% due 08/15/2048 | 1115 | 1142 |
| **SA Energy Acquisition Public Facility Corp. Texas Revenue Bonds, Series 2007** <br>5.500% due 08/01/2027 | 2000 | 2063 |
| **San Antonio, Texas Electric & Gas Systems Revenue Bonds, Series 2023** <br>5.500% due 02/01/2050 | 1000 | 1058 |
| **Texas State University System Revenue Bonds, Series 2024** <br>5.000% due 03/15/2042 | 900 | 940 |
| **Texas Transportation Commission Revenue Bonds, Series 2019** <br>5.000% due 08/01/2057 | 1000 | 1001 |
| **Texas Water Development Board Revenue Bonds, Series 2023**  |  |  |
| 4.875% due 10/15/2048  | 800 | 809 |
| 5.000% due 10/15/2058  | 500 | 505 |
|  |  | 14269 |
| **UTAH 1.3%**  |  |  |
| **Salt Lake City, Utah Airport Revenue Bonds, Series 2023** <br>5.250% due 07/01/2037 | 1200 | 1283 |
| **VIRGINIA 3.3%**  |  |  |
| **Hampton Roads Transportation Accountability Commission, Virginia Revenue Bonds, Series 2022** <br>4.000% due 07/01/2057 | 2500 | 2150 |

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------

<br> Schedule of Investments PIMCO Municipal Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Henrico** **County, Virginia Economic Development Authority Revenue Bonds, Series 2025** <br>5.000% due 11/01/2048 | 1000 | 1006 |
|  |  | 3156 |
| **WASHINGTON 0.9%**  |  |  |
| **Port of Seattle, Washington Revenue Bonds, Series 2021** <br>4.000% due 08/01/2041 | 1000 | 884 |
| **WISCONSIN 0.5%**  |  |  |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2016** <br>4.000% due 11/15/2046 | 550 | 477 |
| Total Municipal Bonds & Notes (Cost $96,020) |  | 91434 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.6%**  |  |  |
| **MUTUAL FUNDS 0.6%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 4.380% **(b)** | 542215 | 542 |
| Total Short-Term Instruments (Cost $542) |  | 542 |
| Total Investments in Securities (Cost $96,562) |  | 91976 |
| **INVESTMENTS IN AFFILIATES 2.9%**  |  |  |
| **SHORT-TERM INSTRUMENTS 2.9%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 2.9%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 285865 | 2783 |
| Total Short-Term Instruments (Cost $2,783) |  | 2783 |
| Total Investments in Affiliates (Cost $2,783) |  | 2783 |
| Total Investments 98.6% (Cost $99,345) |  | $94759 |
| Other Assets and Liabilities, net 1.4% |  | 1359 |
| Net Assets 100.0% |  | $96118 |

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<br> Schedule of Investments PIMCO Municipal Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero 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.** |
| **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **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.** |
| **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Coupon | Coupon | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| % | % | 11/01/2054 | 11/18/2021 | 11/18/2021 | 761 | 615 | 0.64% |
| **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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 30, 2025 in valuing the Portfolio's assets and liabilities**: |
| Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |
| **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** |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| Arizona | $ | $0 | 0 | $3288 | $0 | $3288 | 3288 |
| Arkansas |  | 0 | 0 | 1352 | 0 | 1352 | 1352 |
| California |  | 0 | 0 | 8074 | 0 | 8074 | 8074 |
| Colorado |  | 0 | 0 | 1904 | 0 | 1904 | 1904 |
| Connecticut |  | 0 | 0 | 2562 | 0 | 2562 | 2562 |
| District of Columbia |  | 0 | 0 | 1522 | 0 | 1522 | 1522 |
| Florida |  | 0 | 0 | 2376 | 0 | 2376 | 2376 |
| Georgia |  | 0 | 0 | 978 | 0 | 978 | 978 |
| Hawaii |  | 0 | 0 | 1488 | 0 | 1488 | 1488 |
| Illinois |  | 0 | 0 | 3905 | 0 | 3905 | 3905 |
| Indiana |  | 0 | 0 | 855 | 0 | 855 | 855 |
| Kentucky |  | 0 | 0 | 1030 | 0 | 1030 | 1030 |
| Louisiana |  | 0 | 0 | 718 | 0 | 718 | 718 |
| Maryland |  | 0 | 0 | 1687 | 0 | 1687 | 1687 |
| Massachusetts |  | 0 | 0 | 977 | 0 | 977 | 977 |
| Michigan |  | 0 | 0 | 1293 | 0 | 1293 | 1293 |
| Minnesota |  | 0 | 0 | 2500 | 0 | 2500 | 2500 |
| Nevada |  | 0 | 0 | 2536 | 0 | 2536 | 2536 |
| New Jersey |  | 0 | 0 | 3931 | 0 | 3931 | 3931 |
| New York |  | 0 | 0 | 12048 | 0 | 12048 | 12048 |
| Ohio |  | 0 | 0 | 425 | 0 | 425 | 425 |
| Oregon |  | 0 | 0 | 1018 | 0 | 1018 | 1018 |
| Pennsylvania |  | 0 | 0 | 12808 | 0 | 12808 | 12808 |
| Rhode Island |  | 0 | 0 | 1001 | 0 | 1001 | 1001 |
| Tennessee |  | 0 | 0 | 1089 | 0 | 1089 | 1089 |
| Texas |  | 0 | 0 | 14269 | 0 | 14269 | 14269 |
| Utah |  | 0 | 0 | 1283 | 0 | 1283 | 1283 |
| Virginia |  | 0 | 0 | 3156 | 0 | 3156 | 3156 |
| Washington |  | 0 | 0 | 884 | 0 | 884 | 884 |
| Wisconsin |  | 0 | 0 | 477 | 0 | 477 | 477 |
| 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 |  | 0 | 0 | 542 | 0 | 542 | 542 |
|  | $ | $0 | 0 | $91976 | $0 | $91976 | 91976 |
| **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 |
| Central Funds Used for Cash Management Purposes | $ | $2783 | 2783 | $0 | $0 | $2783 | 2783 |
| Total Investments | $ | $2783 | 2783 | $91976 | $0 | $94759 | 94759 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

---

------

<br> Schedule of Investments PIMCO Real Return Portfolio June 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 176.5% ¤** |  |  |
| **U.S. TREASURY OBLIGATIONS 176.4%**  |  |  |
| **U.S. Treasury Inflation Protected Securities (a)** |  |  |
| 0.125% due 04/15/2026  | $7950 | $7863 |
| 0.125% due 07/15/2026 (c) | 37870 | 37546 |
| 0.125% due 10/15/2026  | 18288 | 18080 |
| 0.125% due 04/15/2027  | 17609 | 17243 |
| 0.125% due 01/15/2030  | 27316 | 25786 |
| 0.125% due 07/15/2030  | 29525 | 27744 |
| 0.125% due 01/15/2031 (c) | 33072 | 30654 |
| 0.125% due 07/15/2031 (c) | 34300 | 31576 |
| 0.125% due 01/15/2032  | 19255 | 17459 |
| 0.125% due 02/15/2051  | 7429 | 4051 |
| 0.125% due 02/15/2052  | 7720 | 4126 |
| 0.250% due 07/15/2029  | 17681 | 16984 |
| 0.250% due 02/15/2050  | 8709 | 5064 |
| 0.375% due 01/15/2027  | 24167 | 23840 |
| 0.375% due 07/15/2027 (c) | 35404 | 34930 |
| 0.500% due 01/15/2028  | 23797 | 23358 |
| 0.625% due 07/15/2032 (c) | 33009 | 30803 |
| 0.625% due 02/15/2043  | 9487 | 7058 |
| 0.750% due 07/15/2028  | 23896 | 23609 |
| 0.750% due 02/15/2042  | 11101 | 8628 |
| 0.750% due 02/15/2045  | 16809 | 12283 |
| 0.875% due 01/15/2029  | 24263 | 23892 |
| 0.875% due 02/15/2047  | 9474 | 6871 |
| 1.000% due 02/15/2046  | 12414 | 9415 |
| 1.000% due 02/15/2048  | 9053 | 6665 |
| 1.000% due 02/15/2049  | 6756 | 4907 |
| 1.125% due 01/15/2033 (c) | 30259 | 28928 |
| 1.250% due 04/15/2028  | 26307 | 26263 |
| 1.375% due 07/15/2033 (c)  | 30628 | 29758 |
| 1.375% due 02/15/2044  | 13405 | 11266 |
| 1.500% due 02/15/2053  | 9172 | 7272 |
| 1.625% due 10/15/2027 (c) | 29236 | 29605 |
| 1.625% due 10/15/2029  | 10194 | 10322 |
| 1.750% due 01/15/2028  | 9262 | 9381 |
| 1.750% due 01/15/2034 (c) | 36209 | 35912 |
| 1.875% due 07/15/2034 (c)  | 27498 | 27535 |
| 2.125% due 04/15/2029 (c) | 31837 | 32701 |
| 2.125% due 01/15/2035 (c) | 10469 | 10646 |
| 2.125% due 02/15/2040  | 2226 | 2199 |
| 2.125% due 02/15/2041  | 6342 | 6212 |
| 2.125% due 02/15/2054  | 10870 | 9956 |
| 2.375% due 01/15/2027  | 10975 | 11160 |
| 2.375% due 10/15/2028  | 26390 | 27380 |
| 2.375% due 02/15/2055 (c)  | 2135 | 2066 |
| 3.625% due 04/15/2028  | 5474 | 5821 |
| 3.875% due 04/15/2029  | 3526 | 3850 |
| Total U.S. Treasury Obligations (Cost $798,010) |  | 788668 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.0%**  |  |  |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>4.714% due 01/25/2035 •  | 23 | 22 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.854% due 07/25/2030 •  | 127 | 118 |
| Total Non-Agency Mortgage-Backed Securities (Cost $145) |  | 140 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **MUTUAL FUNDS 0.1%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 4.380% (b) | 586513 | 587 |

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<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Short-Term Instruments (Cost $587) |  | 587 |
| Total Investments in Securities (Cost $798,742) |  | 789395 |
| **INVESTMENTS IN AFFILIATES 0.8%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.8%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.8%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 352806 | 3435 |
| Total Short-Term Instruments (Cost $3,435) |  | 3435 |
| Total Investments in Affiliates (Cost $3,435) |  | 3435 |
| Total Investments 177.3% (Cost $802,177) |  | $792830 |
| **Financial Derivative Instruments (d)(e) (0.0)**%(Cost or Premiums, net $0) |  | (20) |
| Other Assets and Liabilities, net (77.3)% |  | (345639) |
| Net Assets 100.0% |  | $447171 |

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------

<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) June 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:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and 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)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(b)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **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** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | 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> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BOM | BOM | BOM | BOM | BOM | 4.450%  | 4.450%  | 06/09/2025 | 06/09/2025 | 07/17/2025 | 07/17/2025 | (259811) | (259811) | (259811) | (260517) |
| BOS | BOS | BOS | BOS | BOS | 4.200  | 4.200  | 06/24/2025 | 06/24/2025 | 07/02/2025 | 07/02/2025 | (2066) | (2066) | (2066) | (2068) |
| BSN | BSN | BSN | BSN | BSN | 4.450  | 4.450  | 06/09/2025 | 06/09/2025 | 07/14/2025 | 07/14/2025 | (79741) | (79741) | (79741) | (79958) |
| JPS | JPS | JPS | JPS | JPS | 4.450  | 4.450  | 06/10/2025 | 06/10/2025 | 07/08/2025 | 07/08/2025 | (4284) | (4284) | (4284) | (4295) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  | **(346838)** |
| **(c)** | **Securities with an aggregate market value of $350,283 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $350,283 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $350,283 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $350,283 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $350,283 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $350,283 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $350,283 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $350,283 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $350,283 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $350,283 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $350,283 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $350,283 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $350,283 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $350,283 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended June 30, 2025 was $(357089) at a weighted average interest rate of 4.424%. 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 June 30, 2025 was $(357089) at a weighted average interest rate of 4.424%. 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 June 30, 2025 was $(357089) at a weighted average interest rate of 4.424%. 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 June 30, 2025 was $(357089) at a weighted average interest rate of 4.424%. 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 June 30, 2025 was $(357089) at a weighted average interest rate of 4.424%. 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 June 30, 2025 was $(357089) at a weighted average interest rate of 4.424%. 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 June 30, 2025 was $(357089) at a weighted average interest rate of 4.424%. 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 June 30, 2025 was $(357089) at a weighted average interest rate of 4.424%. 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 June 30, 2025 was $(357089) at a weighted average interest rate of 4.424%. 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 June 30, 2025 was $(357089) at a weighted average interest rate of 4.424%. 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 June 30, 2025 was $(357089) at a weighted average interest rate of 4.424%. 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 June 30, 2025 was $(357089) at a weighted average interest rate of 4.424%. 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 June 30, 2025 was $(357089) at a weighted average interest rate of 4.424%. 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 June 30, 2025 was $(357089) at a weighted average interest rate of 4.424%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| **(d)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | 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 |
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 09/2025 | 09/2025 | 150 | 150 | 16350 | 16350 | 177 | 177 | 20 | 20 | 0 |
| U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | 09/2025 | 09/2025 | 98 | 98 | 11198 | 11198 | 249 | 249 | 48 | 48 | 0 |
|  |  |  |  |  |  |  |  |  |  | 426 | $ | 68 | 68 | 0 |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | 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 |
| U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | 09/2025 | 09/2025 | 37 | 37 | (7697) | (7697) | (30) | (30) | 0 | 0 | (2) |
| U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | 09/2025 | 09/2025 | 61 | 61 | (7267) | (7267) | (197) | (197) | 0 | 0 | (82) |
|  |  |  |  |  |  |  |  |  |  | (227) | $ | 0 | 0 | (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** | **199** | **$** | **68** | **68** | **(84)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | 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 | Asset | Liability |
| Pay | 2.380% | Maturity | 10/15/2025 | 10/15/2025 | 10/15/2025 | $800 | 800 | 0 | $ | (4) | (4) | (4) | $0 | $0 |
| Pay | 2.700 | Maturity | 01/14/2026 | 01/14/2026 | 01/14/2026 | 3800 | 3800 | 0 |  | (16) | (16) | (16) | 0 | 0 |
| Pay | 3.300 | Maturity | 06/04/2026 | 06/04/2026 | 06/04/2026 | 2200 | 2200 | 0 |  | 5 | 5 | 5 | 0 | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **$** | **$** | **(15)** | **$** | **0** | **0** |
| <br> **Cash of $1,141 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $1,141 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $1,141 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $1,141 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $1,141 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $1,141 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $1,141 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $1,141 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $1,141 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $1,141 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $1,141 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $1,141 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $1,141 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $1,141 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $1,141 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** |

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<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(e)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **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> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 07/2025  | 90 | 90 | $102 | 102 | 102 | $0 | 0 | $(4) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | 07/2025  | $104 | 104 | 90 | 90 | 90 | 1 | 1 | 0 |
|  |  | 08/2025  | 90 | 90 | $105 | 105 | 105 | 0 | 0 | (1) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | **1** | **$** | **(5)** |
| **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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 30, 2025 in valuing the Portfolio's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |
| **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** |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | $0 | 0 | $788668 | 788668 | 0 | $788668 | 788668 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 140 | 140 | 0 | 140 | 140 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 587 | 587 | 0 | 587 | 587 |
|  |  |  |  | $0 | 0 | $789395 | 789395 | 0 | $789395 | 789395 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $3435 | 3435 | $0 | 0 | 0 | $3435 | 3435 |
| Total Investments | Total Investments | Total Investments | Total Investments | $3435 | 3435 | $789395 | 789395 | 0 | $792830 | 792830 |
| **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 | 0 | 0 | 68 | 68 | 0 | 68 | 68 |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 1 | 1 | 0 | 1 | 1 |
|  |  |  |  | $0 | 0 | $69 | 69 | 0 | $69 | 69 |
| **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 | 0 | 0 | (84) | (84) | 0 | (84) | (84) |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | (5) | (5) | 0 | (5) | (5) |
|  |  |  |  | $0 | 0 | $(89) | (89) | 0 | $(89) | (89) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $0 | 0 | $(20) | (20) | 0 | $(20) | (20) |
| Totals | Totals | Totals | Totals | $3435 | 3435 | $789375 | 789375 | 0 | $792810 | 792810 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

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<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I June 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 124.5% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.3%**  |  |  |
| **Project Flash**<br>TBD% due 04/30/2030 «µ | $9000 | $9000 |
| Total Loan Participations and Assignments (Cost $9,000) |  | 9000 |
| **CORPORATE BONDS & NOTES 75.7%**  |  |  |
| **BANKING & FINANCE 34.3%**  |  |  |
| **ABN AMRO Bank NV** <br>6.575% due 10/13/2026 •  | 2000 | 2010 |
| **Abu Dhabi Developmental Holding Co. PJSC** <br>5.500% due 05/08/2034 | 500 | 520 |
| **AerCap Ireland Capital DAC**  |  |  |
| 2.450% due 10/29/2026  | 4400 | 4288 |
| 3.000% due 10/29/2028  | 200 | 191 |
| 4.625% due 09/10/2029  | 1000 | 1001 |
| 6.100% due 01/15/2027  | 1500 | 1534 |
| 6.450% due 04/15/2027  | 3000 | 3099 |
| **Agree LP** <br>5.625% due 06/15/2034 | 1000 | 1026 |
| **AIA Group Ltd.** <br>5.625% due 10/25/2027 | 200 | 206 |
| **AIB Group PLC** <br>5.320% due 05/15/2031 •  | 4900 | 4988 |
| **Aircastle Ltd.**  |  |  |
| 5.750% due 10/01/2031  | 350 | 360 |
| 6.500% due 07/18/2028  | 800 | 836 |
| **Ally Financial, Inc.**  |  |  |
| 5.737% due 05/15/2029 •  | 1000 | 1018 |
| 6.184% due 07/26/2035 •  | 7655 | 7812 |
| 6.646% due 01/17/2040 •  | 2600 | 2558 |
| 6.848% due 01/03/2030 •  | 900 | 951 |
| 6.992% due 06/13/2029 •  | 200 | 211 |
| 8.000% due 11/01/2031  | 300 | 342 |
| **American Express Co.**  |  |  |
| 5.085% due 01/30/2031 •  | 1200 | 1228 |
| 5.370% due 02/16/2028 ~  | 2900 | 2915 |
| 5.442% due 01/30/2036 •  | 4500 | 4595 |
| 5.645% due 04/23/2027 •  | 600 | 606 |
| 6.489% due 10/30/2031 •  | 1000 | 1090 |
| **American Tower Corp.**  |  |  |
| 1.300% due 09/15/2025  | 200 | 199 |
| 1.500% due 01/31/2028  | 3000 | 2795 |
| 2.100% due 06/15/2030  | 900 | 800 |
| 3.550% due 07/15/2027  | 500 | 493 |
| 3.600% due 01/15/2028  | 800 | 786 |
| 5.000% due 01/31/2030  | 2725 | 2779 |
| 5.200% due 02/15/2029  | 1100 | 1126 |
| 5.650% due 03/15/2033  | 1797 | 1874 |
| **Americold Realty Operating Partnership LP** <br>5.409% due 09/12/2034 | 2200 | 2155 |
| **Antares Holdings LP**  |  |  |
| 6.350% due 10/23/2029  | 1250 | 1263 |
| 6.500% due 02/08/2029  | 3650 | 3699 |
| 7.950% due 08/11/2028  | 1500 | 1585 |
| **Ares Capital Corp.**  |  |  |
| 3.250% due 07/15/2025  | 500 | 500 |
| 5.875% due 03/01/2029  | 2000 | 2040 |
| 7.000% due 01/15/2027  | 1100 | 1135 |
| **Athene Global Funding**  |  |  |
| 4.860% due 08/27/2026  | 1000 | 1005 |
| 5.322% due 11/13/2031  | 5500 | 5548 |
| **Aviation Capital Group LLC**  |  |  |
| 5.125% due 04/10/2030  | 4300 | 4343 |
| 5.375% due 07/15/2029  | 3000 | 3057 |
| 6.250% due 04/15/2028  | 300 | 313 |
| 6.750% due 10/25/2028  | 1800 | 1914 |
| **Avolon Holdings Funding Ltd.**  |  |  |
| 4.950% due 01/15/2028  | 1700 | 1710 |
| 5.375% due 05/30/2030  | 1800 | 1834 |
| 5.750% due 03/01/2029  | 750 | 771 |
| 5.750% due 11/15/2029  | 2500 | 2575 |
| 6.375% due 05/04/2028  | 2575 | 2686 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Bain** **Capital Specialty Finance, Inc.** <br>5.950% due 03/15/2030 | 4000 | 3956 |
| **Banco Bilbao Vizcaya Argentaria SA**  |  |  |
| 5.381% due 03/13/2029  | 1400 | 1443 |
| 7.883% due 11/15/2034 •  | 2000 | 2274 |
| **Banco Santander SA**  |  |  |
| 4.175% due 03/24/2028 •  | 8600 | 8552 |
| 4.250% due 04/11/2027  | 800 | 798 |
| 5.294% due 08/18/2027  | 800 | 814 |
| 5.552% due 03/14/2028 •  | 2200 | 2236 |
| 5.776% due 03/14/2028 ~  | 1600 | 1610 |
| **Bank of America Corp.**  |  |  |
| 1.922% due 10/24/2031 •  | 1800 | 1570 |
| 2.592% due 04/29/2031 •  | 2600 | 2378 |
| 2.884% due 10/22/2030 •  | 1400 | 1311 |
| 3.419% due 12/20/2028 •  | 1821 | 1780 |
| 3.559% due 04/23/2027 •  | 580 | 576 |
| 3.593% due 07/21/2028 •  | 4200 | 4136 |
| 3.824% due 01/20/2028 •  | 1300 | 1289 |
| 4.948% due 07/22/2028 •  | 1288 | 1303 |
| 5.162% due 01/24/2031 •  | 1100 | 1128 |
| 5.202% due 04/25/2029 •  | 7749 | 7920 |
| 5.288% due 04/25/2034 •  | 13100 | 13367 |
| 5.468% due 01/23/2035 •  | 3450 | 3546 |
| **Bank of Ireland Group PLC** <br>6.253% due 09/16/2026 •  | 200 | 201 |
| **Bank of Montreal** <br>4.567% due 09/10/2027 •  | 800 | 802 |
| **Banque Federative du Credit Mutuel SA**  |  |  |
| 5.194% due 02/16/2028  | 1800 | 1834 |
| 5.538% due 01/22/2030  | 2200 | 2282 |
| 5.790% due 07/13/2028  | 4000 | 4154 |
| 5.896% due 07/13/2026  | 300 | 305 |
| **Barclays PLC**  |  |  |
| 5.785% due 02/25/2036 •  | 3000 | 3068 |
| 6.496% due 09/13/2027 •  | 1900 | 1943 |
| 7.385% due 11/02/2028 •  | 1300 | 1380 |
| 7.437% due 11/02/2033 •  | 3000 | 3406 |
| 8.500% due 06/15/2030 •(f)(g)  | 3000 | 4294 |
| 9.625% due 12/15/2029 •(f)(g)  | $1500 | 1670 |
| **BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico**  |  |  |
| 7.625% due 02/11/2035 •(g)  | 3100 | 3191 |
| 8.125% due 01/08/2039 •(g)  | 900 | 931 |
| **BGC Group, Inc.**  |  |  |
| 6.150% due 04/02/2030  | 5700 | 5781 |
| 6.600% due 06/10/2029  | 1700 | 1763 |
| 8.000% due 05/25/2028  | 1718 | 1838 |
| **Blackstone Private Credit Fund** <br>6.000% due 01/29/2032 | 3400 | 3420 |
| **Blue Owl Credit Income Corp.** <br>6.600% due 09/15/2029 | 1200 | 1235 |
| **Blue Owl Finance LLC** <br>6.250% due 04/18/2034 | 185 | 190 |
| **BNP Paribas SA**  |  |  |
| 5.283% due 11/19/2030 •  | 6200 | 6320 |
| 5.786% due 01/13/2033 •  | 1100 | 1145 |
| 5.906% due 11/19/2035 •  | 5200 | 5248 |
| 8.000% due 08/22/2031 •(f)(g)  | 1200 | 1272 |
| **Boston Properties LP** <br>6.750% due 12/01/2027 | 100 | 105 |
| **BPCE SA**  |  |  |
| 5.389% due 05/28/2031 •  | 4000 | 4074 |
| 5.876% due 01/14/2031 •  | 2000 | 2075 |
| 5.975% due 01/18/2027 •  | 500 | 503 |
| 6.293% due 01/14/2036 •  | 3300 | 3467 |
| 6.612% due 10/19/2027 •  | 800 | 819 |
| 6.915% due 01/14/2046 •  | 1750 | 1826 |
| **Brandywine Operating Partnership LP** <br>3.950% due 11/15/2027 | 2500 | 2435 |
| **Brookfield Asset Management Ltd.** <br>5.795% due 04/24/2035 | 3500 | 3593 |
| **Brown & Brown, Inc.** <br>6.250% due 06/23/2055 | 1500 | 1548 |
| **CaixaBank SA**  |  |  |
| 6.037% due 06/15/2035 •  | 200 | 209 |
| 6.684% due 09/13/2027 •  | 3500 | 3585 |
| **Canadian Imperial Bank of Commerce** <br>6.950% due 01/28/2085 •(g) | 3300 | 3318 |
| **Cantor Fitzgerald LP** <br>7.200% due 12/12/2028 | 2400 | 2549 |
| **Capital One Financial Corp.**  |  |  |
| 4.100% due 02/09/2027  | 800 | 797 |
| 6.183% due 01/30/2036 •  | 6100 | 6213 |
| 6.377% due 06/08/2034 •  | 500 | 532 |
| 7.624% due 10/30/2031 •  | 1600 | 1808 |
| 7.964% due 11/02/2034 •  | 500 | 581 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Capital** **One NA** <br>4.650% due 09/13/2028 | 400 | 402 |
| **CI Financial Corp.** <br>7.500% due 05/30/2029 | 1150 | 1214 |
| **Citadel Finance LLC** <br>5.900% due 02/10/2030 | 14080 | 14220 |
| **Citadel LP**  |  |  |
| 6.000% due 01/23/2030  | 1400 | 1448 |
| 6.375% due 01/23/2032  | 3600 | 3761 |
| **Citadel Securities Global Holdings LLC** <br>6.200% due 06/18/2035 | 2450 | 2515 |
| **Citibank NA** <br>4.876% due 11/19/2027 •  | 1100 | 1107 |
| **Citigroup, Inc.**  |  |  |
| 3.785% due 03/17/2033 •  | 1600 | 1496 |
| 4.412% due 03/31/2031 •  | 4900 | 4849 |
| 5.333% due 03/27/2036 •(i)  | 10100 | 10183 |
| **Citizens Financial Group, Inc.**  |  |  |
| 5.253% due 03/05/2031 •  | 3000 | 3041 |
| 5.718% due 07/23/2032 •  | 8500 | 8797 |
| 5.841% due 01/23/2030 •  | 1700 | 1761 |
| **Cooperatieve Rabobank UA** <br>5.500% due 07/18/2025 | 400 | 400 |
| **Corebridge Financial, Inc.**  |  |  |
| 3.650% due 04/05/2027  | 600 | 592 |
| 6.375% due 09/15/2054 •  | 500 | 500 |
| **CoStar Group, Inc.** <br>2.800% due 07/15/2030 | 1400 | 1267 |
| **Cousins Properties LP**  |  |  |
| 5.375% due 02/15/2032  | 3484 | 3523 |
| 5.875% due 10/01/2034  | 1900 | 1956 |
| **Credicorp Capital Sociedad Titulizadora SA** <br>9.700% due 03/05/2045 « | 3000 | 884 |
| **Credit Agricole SA**  |  |  |
| 5.222% due 05/27/2031 •  | $600 | 611 |
| 5.230% due 01/09/2029 •  | 750 | 762 |
| 5.862% due 01/09/2036 •  | 6900 | 7156 |
| 6.316% due 10/03/2029 •  | 1500 | 1577 |
| **Crown Castle, Inc.**  |  |  |
| 1.050% due 07/15/2026  | 500 | 482 |
| 3.650% due 09/01/2027  | 800 | 786 |
| 5.800% due 03/01/2034  | 400 | 414 |
| **Dai-ichi Life Insurance Co. Ltd.** <br>6.200% due 01/16/2035 •(f) | 5700 | 5766 |
| **Danske Bank AS**  |  |  |
| 5.705% due 03/01/2030 •  | 700 | 726 |
| 6.259% due 09/22/2026 •  | 1900 | 1906 |
| **DaVinciRe Holdings Ltd.** <br>5.950% due 04/15/2035 | 2600 | 2618 |
| **Deloitte LLP** <br>5.590% due 01/30/2035 «(h) | 2800 | 2798 |
| **Deutsche Bank AG**  |  |  |
| 5.373% due 01/10/2029 •  | 3500 | 3562 |
| 5.706% due 02/08/2028 •  | 1100 | 1118 |
| 6.119% due 07/14/2026 •  | 400 | 400 |
| 6.720% due 01/18/2029 •  | 4130 | 4339 |
| 6.819% due 11/20/2029 •  | 1900 | 2028 |
| **Digital Realty Trust LP** <br>5.550% due 01/15/2028 | 1640 | 1683 |
| **EPR Properties**  |  |  |
| 3.600% due 11/15/2031  | 2000 | 1818 |
| 3.750% due 08/15/2029  | 4400 | 4191 |
| 4.500% due 06/01/2027  | 200 | 199 |
| 4.950% due 04/15/2028  | 1400 | 1398 |
| **Equinix Europe 2 Financing Corp. LLC** <br>3.250% due 03/15/2031 | 3700 | 4319 |
| **Equinix, Inc.**  |  |  |
| 1.250% due 07/15/2025  | $200 | 200 |
| 1.450% due 05/15/2026  | 1900 | 1848 |
| 3.000% due 07/15/2050  | 300 | 188 |
| **Essential Properties LP** <br>2.950% due 07/15/2031 | 3600 | 3204 |
| **Essex Portfolio LP**  |  |  |
| 5.375% due 04/01/2035  | 3600 | 3655 |
| 5.500% due 04/01/2034  | 2200 | 2248 |
| **Extra Space Storage LP**  |  |  |
| 5.400% due 06/15/2035  | 5900 | 5934 |
| 5.500% due 07/01/2030  | 2900 | 3009 |
| 5.700% due 04/01/2028  | 400 | 413 |
| **F&G Annuities & Life, Inc.**  |  |  |
| 6.250% due 10/04/2034  | 3000 | 2972 |
| 6.500% due 06/04/2029  | 3300 | 3404 |
| **F&G Global Funding** <br>5.875% due 01/16/2030 | 2100 | 2161 |
| **Federation des Caisses Desjardins du Quebec**  |  |  |
| 4.400% due 08/23/2025  | 200 | 200 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.985% due 01/27/2027 ~  | 1700 | 1702 |
| 5.250% due 04/26/2029  | 1200 | 1232 |
| **First Citizens BancShares, Inc.** <br>5.231% due 03/12/2031 •  | 4100 | 4123 |
| **First Industrial LP** <br>5.250% due 01/15/2031 | 3200 | 3239 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 2.900% due 02/16/2028  | 1000 | 938 |
| 3.815% due 11/02/2027  | 400 | 386 |
| 4.125% due 08/17/2027  | 2005 | 1960 |
| 4.271% due 01/09/2027  | 400 | 394 |
| 4.950% due 05/28/2027  | 534 | 531 |
| 5.125% due 11/05/2026  | 1600 | 1597 |
| 5.303% due 09/06/2029  | 4225 | 4150 |
| 5.800% due 03/05/2027  | 400 | 403 |
| 5.800% due 03/08/2029  | 800 | 802 |
| 5.850% due 05/17/2027  | 1198 | 1208 |
| 5.875% due 11/07/2029  | 6000 | 6020 |
| 5.918% due 03/20/2028  | 200 | 202 |
| 6.054% due 11/05/2031  | 1800 | 1791 |
| 6.532% due 03/19/2032  | 5000 | 5079 |
| 6.800% due 05/12/2028  | 585 | 605 |
| 6.950% due 06/10/2026  | 400 | 406 |
| 7.122% due 11/07/2033  | 800 | 831 |
| 7.200% due 06/10/2030  | 300 | 316 |
| 7.350% due 11/04/2027  | 1900 | 1974 |
| **GA Global Funding Trust** <br>5.900% due 01/13/2035 | 2400 | 2436 |
| **General Motors Financial Co., Inc.**  |  |  |
| 2.700% due 08/20/2027  | 200 | 192 |
| 4.900% due 10/06/2029  | 1300 | 1298 |
| 5.000% due 07/15/2027  | 1800 | 1811 |
| 5.050% due 04/04/2028  | 5000 | 5039 |
| 5.350% due 01/07/2030  | 2100 | 2126 |
| 5.550% due 07/15/2029  | 1300 | 1328 |
| 5.900% due 01/07/2035  | 3200 | 3219 |
| **Global Atlantic Fin Co.** <br>6.750% due 03/15/2054 | 1300 | 1333 |
| **GLP Capital LP**  |  |  |
| 4.000% due 01/15/2030  | 3050 | 2933 |
| 4.000% due 01/15/2031  | 1900 | 1793 |
| 5.300% due 01/15/2029  | 2700 | 2732 |
| 5.625% due 09/15/2034  | 5250 | 5234 |
| 5.750% due 06/01/2028  | 3100 | 3179 |
| **Goldman Sachs Bank USA**  |  |  |
| 5.125% due 05/21/2027 ~  | 3100 | 3110 |
| 5.175% due 03/18/2027 ~  | 3100 | 3108 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 1.948% due 10/21/2027 •  | 1400 | 1356 |
| 2.615% due 04/22/2032 •  | 3791 | 3371 |
| 3.102% due 02/24/2033 •  | 2575 | 2318 |
| 3.615% due 03/15/2028 •  | 1300 | 1282 |
| 3.691% due 06/05/2028 •  | 1015 | 1001 |
| 5.016% due 10/23/2035 •  | 2500 | 2471 |
| 5.049% due 07/23/2030 •  | 1700 | 1729 |
| 5.330% due 07/23/2035 •  | 2400 | 2422 |
| 5.536% due 01/28/2036 •  | 2000 | 2052 |
| 5.727% due 04/25/2030 •  | 2300 | 2395 |
| 5.798% due 08/10/2026 •  | 700 | 701 |
| 7.250% due 04/10/2028  | 200 | 294 |
| **Goodman U.S. Finance Six LLC** <br>5.125% due 10/07/2034 | $4600 | 4588 |
| **HA Sustainable Infrastructure Capital, Inc.** <br>6.375% due 07/01/2034 | 2000 | 2001 |
| **HAT Holdings LLC** <br>8.000% due 06/15/2027 | 945 | 986 |
| **Highwoods Realty LP**  |  |  |
| 3.050% due 02/15/2030  | 200 | 183 |
| 7.650% due 02/01/2034  | 1100 | 1244 |
| **Horizon Mutual Holdings, Inc.** <br>6.200% due 11/15/2034 | 2000 | 1970 |
| **Host Hotels & Resorts LP**  |  |  |
| 3.500% due 09/15/2030  | 1500 | 1394 |
| 4.500% due 02/01/2026  | 100 | 100 |
| 5.700% due 06/15/2032  | 3900 | 3957 |
| 5.700% due 07/01/2034  | 1950 | 1964 |
| **HPS Corporate Lending Fund**  |  |  |
| 5.300% due 06/05/2027  | 3400 | 3407 |
| 5.450% due 01/14/2028  | 1800 | 1806 |
| 5.950% due 04/14/2032  | 2200 | 2190 |
| 6.750% due 01/30/2029  | 1500 | 1550 |
| **HSBC Holdings PLC**  |  |  |
| 2.206% due 08/17/2029 •  | 1980 | 1845 |
| 4.041% due 03/13/2028 •  | 375 | 372 |
| 5.130% due 11/19/2028 •  | 2000 | 2026 |
| 5.130% due 03/03/2031 •  | 500 | 507 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.286% due 11/19/2030 •  | 8400 | 8583 |
| 5.450% due 03/03/2036 •  | 4700 | 4728 |
| 5.546% due 03/04/2030 •  | 2500 | 2575 |
| 5.933% due 05/13/2031 ~  | 4500 | 4527 |
| 7.390% due 11/03/2028 •  | 6000 | 6373 |
| **ING Bank Australia Ltd.** <br>4.837% due 03/22/2027 | 1100 | 735 |
| **ING Groep NV** <br>5.066% due 03/25/2031 •  | $1100 | 1119 |
| **Intesa Sanpaolo SpA** <br>7.200% due 11/28/2033 | 1300 | 1460 |
| **Invitation Homes Operating Partnership LP** <br>5.500% due 08/15/2033 | 2700 | 2743 |
| **Israel Discount Bank Ltd.** <br>5.375% due 01/26/2028 | 1600 | 1603 |
| **JAB Holdings BV** <br>4.375% due 04/25/2034 | 1100 | 1320 |
| **Jackson National Life Global Funding** <br>4.900% due 01/13/2027 | $600 | 604 |
| **Janus Henderson U.S. Holdings, Inc.** <br>5.450% due 09/10/2034 | 1300 | 1290 |
| **John Deere Capital Corp.**  |  |  |
| 4.891% due 03/06/2028 ~  | 1100 | 1099 |
| 5.100% due 04/11/2034  | 1700 | 1740 |
| **Jones Lang LaSalle, Inc.** <br>6.875% due 12/01/2028 | 1600 | 1718 |
| **JPMorgan Chase & Co.**  |  |  |
| 2.182% due 06/01/2028 •  | 800 | 769 |
| 2.739% due 10/15/2030 •  | 4600 | 4290 |
| 3.509% due 01/23/2029 •  | 2300 | 2253 |
| 3.540% due 05/01/2028 •  | 1592 | 1569 |
| 3.782% due 02/01/2028 •  | 2000 | 1983 |
| 3.960% due 01/29/2027 •  | 500 | 499 |
| 4.005% due 04/23/2029 •  | 1400 | 1388 |
| 4.323% due 04/26/2028 •  | 3970 | 3968 |
| 4.603% due 10/22/2030 •  | 3000 | 3011 |
| 4.851% due 07/25/2028 •  | 4000 | 4042 |
| 4.979% due 07/22/2028 •  | 1000 | 1013 |
| 5.040% due 01/23/2028 •  | 3687 | 3723 |
| 5.140% due 01/24/2031 •  | 1800 | 1846 |
| 5.280% due 07/22/2028 ~  | 2000 | 2009 |
| 5.294% due 07/22/2035 •  | 600 | 611 |
| 5.299% due 07/24/2029 •  | 1200 | 1232 |
| 5.350% due 06/01/2034 •  | 4100 | 4220 |
| 5.571% due 04/22/2028 •  | 2300 | 2348 |
| 5.581% due 04/22/2030 •  | 3300 | 3427 |
| 5.766% due 04/22/2035 •  | 3140 | 3300 |
| 6.087% due 10/23/2029 •  | 7400 | 7779 |
| 6.254% due 10/23/2034 •  | 3600 | 3914 |
| **Kilroy Realty LP**  |  |  |
| 2.500% due 11/15/2032  | 1400 | 1128 |
| 2.650% due 11/15/2033  | 5550 | 4363 |
| 4.250% due 08/15/2029  | 200 | 193 |
| 4.375% due 10/01/2025  | 700 | 699 |
| 6.250% due 01/15/2036  | 2900 | 2893 |
| **Kite Realty Group LP** <br>5.200% due 08/15/2032 | 3000 | 3028 |
| **Lazard Group LLC**  |  |  |
| 4.375% due 03/11/2029  | 450 | 445 |
| 6.000% due 03/15/2031  | 1400 | 1471 |
| **Lincoln Financial Global Funding** <br>5.300% due 01/13/2030 | 600 | 617 |
| **Lloyds Banking Group PLC**  |  |  |
| 5.434% due 11/26/2028 ~  | 5000 | 5012 |
| 5.871% due 03/06/2029 •  | 1100 | 1137 |
| 6.068% due 06/13/2036 •  | 3000 | 3086 |
| **LPL Holdings, Inc.**  |  |  |
| 5.150% due 06/15/2030  | 3500 | 3545 |
| 5.200% due 03/15/2030  | 2500 | 2540 |
| 5.650% due 03/15/2035  | 1600 | 1610 |
| 5.700% due 05/20/2027  | 1000 | 1019 |
| **LXP Industrial Trust**  |  |  |
| 2.375% due 10/01/2031  | 800 | 676 |
| 6.750% due 11/15/2028  | 1700 | 1801 |
| **Macquarie Airfinance Holdings Ltd.** <br>5.200% due 03/27/2028 | 2600 | 2631 |
| **Marex Group PLC**  |  |  |
| 5.829% due 05/08/2028  | 2200 | 2229 |
| 6.404% due 11/04/2029  | 2100 | 2162 |
| **Mitsubishi HC Capital, Inc.** <br>5.080% due 09/15/2027 | 200 | 202 |
| **Mitsubishi UFJ Financial Group, Inc.**  |  |  |
| 5.197% due 01/16/2031 •  | 1600 | 1639 |
| 5.426% due 04/17/2035 •  | 2000 | 2043 |
| 5.574% due 01/16/2036 •  | 7400 | 7607 |
| 5.615% due 04/24/2036 •  | 6000 | 6172 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Mizuho** **Financial Group, Inc.**  |  |  |
| 4.711% due 07/08/2031 •(b)  | 2500 | 2500 |
| 5.382% due 07/10/2030 •  | 1100 | 1132 |
| 5.739% due 05/27/2031 •  | 300 | 314 |
| **Morgan Stanley**  |  |  |
| 2.475% due 01/21/2028 •  | 900 | 874 |
| 3.772% due 01/24/2029 •  | 300 | 296 |
| 4.210% due 04/20/2028 •  | 535 | 534 |
| 4.654% due 10/18/2030 •  | 5000 | 5010 |
| 4.679% due 07/17/2026 •  | 1600 | 1600 |
| 5.042% due 07/19/2030 •  | 750 | 763 |
| 5.123% due 02/01/2029 •  | 2400 | 2442 |
| 5.250% due 04/21/2034 •  | 2300 | 2341 |
| 5.320% due 07/19/2035 •  | 4900 | 4962 |
| 5.424% due 07/21/2034 •(i)  | 5600 | 5739 |
| 5.449% due 07/20/2029 •  | 5600 | 5760 |
| 5.516% due 11/19/2055 •  | 3400 | 3325 |
| 5.652% due 04/13/2028 •  | 600 | 614 |
| 6.407% due 11/01/2029 •  | 1000 | 1059 |
| **Morgan Stanley Bank NA**  |  |  |
| 4.952% due 01/14/2028 •  | 1900 | 1916 |
| 4.968% due 07/14/2028 •  | 1850 | 1873 |
| 5.016% due 01/12/2029 •  | 4800 | 4876 |
| 5.427% due 01/14/2028 ~  | 1600 | 1610 |
| 5.504% due 05/26/2028 •  | 1200 | 1226 |
| **MSD Investment Corp.** <br>6.250% due 05/31/2030 | 3300 | 3266 |
| **Mutual of Omaha Cos. Global Funding** <br>5.350% due 04/09/2027 | 1900 | 1931 |
| **National Securities Clearing Corp.** <br>4.700% due 05/20/2030 | 700 | 712 |
| **Nationwide Building Society** <br>6.557% due 10/18/2027 •  | 2100 | 2154 |
| **NatWest Group PLC**  |  |  |
| 3.073% due 05/22/2028 •  | 2400 | 2341 |
| 4.892% due 05/18/2029 •  | 2613 | 2640 |
| 4.964% due 08/15/2030 •  | 1000 | 1012 |
| 5.516% due 09/30/2028 •  | 2300 | 2350 |
| 7.472% due 11/10/2026 •  | 500 | 505 |
| **Nissan Motor Acceptance Co. LLC**  |  |  |
| 5.300% due 09/13/2027  | 2800 | 2763 |
| 6.448% due 09/13/2027 ~  | 1800 | 1779 |
| 6.950% due 09/15/2026  | 1500 | 1518 |
| **NLG Global Funding** <br>5.400% due 01/23/2030 | 2000 | 2060 |
| **Nomura Holdings, Inc.**  |  |  |
| 1.851% due 07/16/2025  | 500 | 499 |
| 2.329% due 01/22/2027  | 600 | 581 |
| **Nordea Bank Abp** <br>6.300% due 09/25/2031 •(f)(g)(i) | 2700 | 2637 |
| **Norinchukin Bank** <br>5.094% due 10/16/2029 | 2200 | 2233 |
| **Nuveen Churchill Direct Lending Corp.** <br>6.650% due 03/15/2030 | 800 | 822 |
| **Nuveen LLC** <br>5.550% due 01/15/2030 | 2000 | 2084 |
| **Oaktree Specialty Lending Corp.** <br>6.340% due 02/27/2030 | 2600 | 2577 |
| **Pacific Life Global Funding** <br>4.500% due 08/28/2029 | 4500 | 4526 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (c) | 1200 | 854 |
| **Paychex, Inc.**  |  |  |
| 5.350% due 04/15/2032  | 1100 | 1130 |
| 5.600% due 04/15/2035  | 1000 | 1034 |
| **Phillips Edison Grocery Center Operating Partnership LP**  |  |  |
| 4.950% due 01/15/2035  | 3300 | 3198 |
| 5.750% due 07/15/2034  | 1500 | 1544 |
| **Piedmont Operating Partnership LP** <br>9.250% due 07/20/2028 | 600 | 669 |
| **PNC Financial Services Group, Inc.**  |  |  |
| 5.575% due 01/29/2036 •  | 2000 | 2062 |
| 6.615% due 10/20/2027 •  | 1400 | 1440 |
| **Popular, Inc.** <br>7.250% due 03/13/2028 | 400 | 425 |
| **Prologis LP** <br>4.200% due 02/15/2033 | 2400 | 1775 |
| **Prologis Targeted U.S. Logistics Fund LP** <br>5.250% due 04/01/2029 | $1800 | 1850 |
| **Protective Life Global Funding** <br>5.432% due 01/14/2032 | 3100 | 3204 |
| **Radian Group, Inc.** <br>6.200% due 05/15/2029 | 1100 | 1144 |
| **Realty Income Corp.**  |  |  |
| 4.875% due 07/06/2030  | 500 | 632 |
| 5.000% due 10/15/2029  | 1400 | 1939 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.125% due 07/06/2034  | 400 | 515 |
| **RenaissanceRe Holdings Ltd.** <br>5.800% due 04/01/2035 | $2000 | 2056 |
| **RGA Global Funding**  |  |  |
| 5.250% due 01/09/2030  | 900 | 924 |
| 5.500% due 01/11/2031  | 2000 | 2064 |
| **Royal Bank of Canada** <br>4.970% due 05/02/2031 •  | 2000 | 2031 |
| **Sabra Health Care LP** <br>3.200% due 12/01/2031 | 4000 | 3567 |
| **Safehold GL Holdings LLC** <br>5.650% due 01/15/2035 | 4800 | 4799 |
| **Sammons Financial Group, Inc.** <br>6.875% due 04/15/2034 | 2500 | 2683 |
| **Santander Holdings USA, Inc.** <br>5.741% due 03/20/2031 •  | 1600 | 1643 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 1.532% due 08/21/2026 •  | 600 | 597 |
| 2.469% due 01/11/2028 •  | 1100 | 1065 |
| 6.833% due 11/21/2026 •  | 600 | 605 |
| **SBL Holdings, Inc.** <br>7.200% due 10/30/2034 | 3900 | 3730 |
| **Selective Insurance Group, Inc.** <br>5.900% due 04/15/2035 | 600 | 614 |
| **Sixth Street Lending Partners**  |  |  |
| 5.750% due 01/15/2030  | 4500 | 4513 |
| 6.500% due 03/11/2029  | 3000 | 3098 |
| **SMBC Aviation Capital Finance DAC**  |  |  |
| 5.300% due 04/03/2029  | 1100 | 1123 |
| 5.700% due 07/25/2033  | 1300 | 1334 |
| **Standard Chartered PLC**  |  |  |
| 6.228% due 01/21/2036 •  | 3100 | 3291 |
| 6.301% due 01/09/2029 •  | 400 | 416 |
| 6.750% due 02/08/2028 •  | 4200 | 4337 |
| **Stellantis Finance U.S., Inc.** <br>6.450% due 03/18/2035 | 6000 | 6032 |
| **Store Capital LLC** <br>5.400% due 04/30/2030 | 2000 | 2027 |
| **Sumitomo Mitsui Financial Group, Inc.**  |  |  |
| 3.040% due 07/16/2029  | 3000 | 2844 |
| 5.240% due 04/15/2030  | 300 | 309 |
| 5.632% due 01/15/2035  | 7500 | 7765 |
| 5.880% due 07/13/2026  | 500 | 508 |
| **Sumitomo Mitsui Trust Bank Ltd.**  |  |  |
| 4.450% due 09/10/2027  | 1100 | 1105 |
| 4.500% due 03/13/2028  | 2000 | 2011 |
| 4.500% due 09/10/2029  | 2900 | 2912 |
| 4.850% due 09/10/2034  | 200 | 197 |
| 5.050% due 03/13/2035  | 4000 | 3984 |
| 5.200% due 03/07/2027  | 700 | 711 |
| **SURA Asset Management SA** <br>6.350% due 05/13/2032 | 850 | 896 |
| **Swiss RE Subordinated Finance PLC** <br>5.698% due 04/05/2035 •  | 1200 | 1213 |
| **Synchrony Bank** <br>5.625% due 08/23/2027 | 2550 | 2601 |
| **Synchrony Financial** <br>3.950% due 12/01/2027 | 2300 | 2263 |
| **Thames SSNM** <br>9.750% due 10/10/2027 « | 85 | 109 |
| **Toronto-Dominion Bank** <br>4.701% due 06/05/2026 | $300 | 301 |
| **Toyota Motor Credit Corp.**  |  |  |
| 3.050% due 01/11/2028  | 960 | 936 |
| 5.055% due 03/19/2027 ~  | 400 | 401 |
| **Trust Fibra Uno**  |  |  |
| 7.375% due 02/13/2034  | 1500 | 1529 |
| 8.250% due 01/23/2037  | 3400 | 3588 |
| **U.S. Bancorp** <br>6.787% due 10/26/2027 •  | 1150 | 1184 |
| **UBS AG**  |  |  |
| 1.250% due 08/07/2026  | 400 | 387 |
| 4.864% due 01/10/2028 •  | 1400 | 1412 |
| **UBS Group AG**  |  |  |
| 1.305% due 02/02/2027 •  | 2300 | 2257 |
| 3.869% due 01/12/2029 •  | 800 | 788 |
| 4.703% due 08/05/2027 •  | 400 | 401 |
| 6.327% due 12/22/2027 •  | 2500 | 2568 |
| 6.850% due 09/10/2029 •(f)(g)  | 3500 | 3524 |
| 7.000% due 02/10/2030 •(f)(g)  | 3000 | 2992 |
| **USAA Capital Corp.** <br>4.375% due 06/01/2028 | 3400 | 3424 |
| **VB DPR Finance Co.** <br>6.833% due 03/15/2035 «(h) | 6300 | 6177 |
| **VICI Properties LP**  |  |  |
| 3.875% due 02/15/2029  | 2985 | 2889 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.750% due 02/15/2028  | 800 | 805 |
| 5.125% due 11/15/2031  | 1400 | 1403 |
| 5.125% due 05/15/2032  | 2600 | 2592 |
| 5.625% due 05/15/2052  | 2100 | 1941 |
| 5.750% due 04/01/2034  | 2000 | 2046 |
| **Vornado Realty LP** <br>2.150% due 06/01/2026 | 100 | 97 |
| **Wells Fargo & Co.**  |  |  |
| 2.393% due 06/02/2028 •  | 6300 | 6072 |
| 2.879% due 10/30/2030 •  | 2500 | 2336 |
| 3.196% due 06/17/2027 •  | 2250 | 2223 |
| 3.526% due 03/24/2028 •  | 305 | 301 |
| 4.808% due 07/25/2028 •  | 1500 | 1513 |
| 5.211% due 12/03/2035 •  | 3000 | 3013 |
| 5.244% due 01/24/2031 •  | 1600 | 1642 |
| 5.420% due 04/22/2028 ~  | 300 | 302 |
| 5.499% due 01/23/2035 •  | 900 | 923 |
| 5.557% due 07/25/2034 •  | 5700 | 5885 |
| 5.574% due 07/25/2029 •  | 4400 | 4544 |
| 5.707% due 04/22/2028 •  | 3900 | 3986 |
| 6.491% due 10/23/2034 •  | 1100 | 1203 |
| **Wells Fargo Bank NA**  |  |  |
| 5.055% due 01/15/2026 ~  | 2000 | 2004 |
| 5.254% due 12/11/2026  | 1900 | 1928 |
| **Welltower OP LLC** <br>5.125% due 07/01/2035 | 2200 | 2209 |
| **Weyerhaeuser Co.** <br>4.000% due 04/15/2030 | 900 | 878 |
|  |  | 973429 |
| **INDUSTRIALS 32.3%**  |  |  |
| **AbbVie, Inc.**  |  |  |
| 3.200% due 11/21/2029  | 1500 | 1435 |
| 4.800% due 03/15/2027  | 800 | 808 |
| 4.800% due 03/15/2029  | 2600 | 2652 |
| 4.875% due 03/15/2030  | 1000 | 1024 |
| **AEP Transmission Co. LLC** <br>5.150% due 04/01/2034 | 3200 | 3243 |
| **Agilent Technologies, Inc.** <br>4.200% due 09/09/2027 | 600 | 600 |
| **Air Canada Pass-Through Trust** <br>5.250% due 10/01/2030 | 755 | 763 |
| **Aker BP ASA** <br>5.125% due 10/01/2034 | 3100 | 2978 |
| **Alaska Airlines Pass-Through Trust** <br>4.800% due 02/15/2029 | 324 | 324 |
| **Alibaba Group Holding Ltd.**  |  |  |
| 2.700% due 02/09/2041  | 600 | 419 |
| 5.625% due 11/26/2054  | 3000 | 2947 |
| **Alimentation Couche-Tard, Inc.** <br>5.267% due 02/12/2034 | 2600 | 2605 |
| **Altria Group, Inc.**  |  |  |
| 4.875% due 02/04/2028  | 700 | 710 |
| 5.625% due 02/06/2035  | 2600 | 2652 |
| **Amcor Flexibles North America, Inc.** <br>5.100% due 03/17/2030 | 2000 | 2035 |
| **American Airlines Pass-Through Trust**  |  |  |
| 3.200% due 12/15/2029  | 425 | 408 |
| 3.575% due 07/15/2029  | 808 | 784 |
| 3.600% due 03/22/2029  | 172 | 168 |
| **American Medical Systems Europe BV** <br>3.500% due 03/08/2032 | 1100 | 1323 |
| **Amgen, Inc.**  |  |  |
| 4.200% due 03/01/2033  | $3000 | 2881 |
| 5.150% due 03/02/2028  | 400 | 409 |
| 5.750% due 03/02/2063  | 1500 | 1459 |
| **Amrize Finance U.S. LLC**  |  |  |
| 4.700% due 04/07/2028  | 4400 | 4441 |
| 4.950% due 04/07/2030  | 2000 | 2028 |
| 5.400% due 04/07/2035  | 1000 | 1015 |
| **Anglo American Capital PLC** <br>5.750% due 04/05/2034 | 5400 | 5579 |
| **AngloGold Ashanti Holdings PLC** <br>3.375% due 11/01/2028 | 850 | 812 |
| **Antofagasta PLC** <br>6.250% due 05/02/2034 | 1000 | 1049 |
| **AP Moller - Maersk AS** <br>5.875% due 09/14/2033 | 1000 | 1055 |
| **APA Corp.**  |  |  |
| 6.100% due 02/15/2035  | 2700 | 2650 |
| 6.750% due 02/15/2055  | 2000 | 1892 |
| **AppLovin Corp.**  |  |  |
| 5.125% due 12/01/2029  | 2600 | 2635 |
| 5.375% due 12/01/2031  | 900 | 916 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Aptiv** **Swiss Holdings Ltd.** <br>4.150% due 05/01/2052 | 500 | 359 |
| **Arcos Dorados BV** <br>6.375% due 01/29/2032 | 3100 | 3227 |
| **Arrow Electronics, Inc.** <br>5.875% due 04/10/2034 | 1400 | 1447 |
| **AS Mileage Plan IP Ltd.**  |  |  |
| 5.021% due 10/20/2029  | 4000 | 3961 |
| 5.308% due 10/20/2031  | 4100 | 4036 |
| **Ashtead Capital, Inc.** <br>5.800% due 04/15/2034 | 4300 | 4403 |
| **AstraZeneca PLC** <br>6.450% due 09/15/2037 | 700 | 787 |
| **Atlassian Corp.** <br>5.250% due 05/15/2029 | 3000 | 3081 |
| **Aurizon Network Pty. Ltd.** <br>3.125% due 06/01/2026 | 700 | 830 |
| **Automatic Data Processing, Inc.** <br>4.450% due 09/09/2034 | $600 | 589 |
| **AutoZone, Inc.**  |  |  |
| 5.050% due 07/15/2026  | 500 | 503 |
| 5.125% due 06/15/2030  | 3000 | 3077 |
| 6.250% due 11/01/2028  | 1600 | 1696 |
| **Bacardi Ltd.**  |  |  |
| 5.250% due 01/15/2029  | 2000 | 2029 |
| 5.400% due 06/15/2033  | 200 | 199 |
| **Bacardi-Martini BV** <br>6.000% due 02/01/2035 | 4000 | 4134 |
| **BAE Systems PLC** <br>5.125% due 03/26/2029 | 3470 | 3558 |
| **BAT Capital Corp.**  |  |  |
| 5.625% due 08/15/2035  | 2100 | 2138 |
| 6.343% due 08/02/2030  | 1100 | 1186 |
| **Bayer U.S. Finance LLC**  |  |  |
| 4.250% due 12/15/2025  | 1600 | 1596 |
| 4.375% due 12/15/2028  | 1400 | 1387 |
| 4.625% due 06/25/2038  | 3900 | 3452 |
| 6.375% due 11/21/2030  | 4300 | 4571 |
| 6.500% due 11/21/2033  | 1300 | 1394 |
| **Becton Dickinson & Co.**  |  |  |
| 1.957% due 02/11/2031  | 1300 | 1129 |
| 4.874% due 02/08/2029  | 801 | 813 |
| **BMW U.S. Capital LLC**  |  |  |
| 4.750% due 03/21/2028  | 3500 | 3541 |
| 5.050% due 03/21/2030  | 3000 | 3056 |
| **Boeing Co.**  |  |  |
| 2.196% due 02/04/2026  | 1500 | 1477 |
| 2.250% due 06/15/2026  | 300 | 293 |
| 2.700% due 02/01/2027  | 1200 | 1167 |
| 2.800% due 03/01/2027  | 800 | 777 |
| 2.950% due 02/01/2030  | 600 | 556 |
| 3.200% due 03/01/2029  | 1400 | 1333 |
| 3.250% due 02/01/2028  | 100 | 97 |
| 3.950% due 08/01/2059  | 1900 | 1300 |
| 5.040% due 05/01/2027  | 1013 | 1021 |
| 5.150% due 05/01/2030  | 4900 | 4991 |
| 5.705% due 05/01/2040  | 3800 | 3757 |
| 5.930% due 05/01/2060  | 500 | 476 |
| 6.298% due 05/01/2029  | 2300 | 2432 |
| 6.388% due 05/01/2031  | 2500 | 2688 |
| 6.858% due 05/01/2054  | 900 | 986 |
| 7.008% due 05/01/2064  | 998 | 1097 |
| **Booz Allen Hamilton, Inc.** <br>3.875% due 09/01/2028 | 2500 | 2426 |
| **British Airways Pass-Through Trust** <br>4.250% due 05/15/2034 | 578 | 556 |
| **Broadcom, Inc.**  |  |  |
| 1.950% due 02/15/2028  | 300 | 283 |
| 2.600% due 02/15/2033  | 2000 | 1711 |
| 3.187% due 11/15/2036  | 2000 | 1659 |
| 4.150% due 04/15/2032  | 500 | 482 |
| 4.350% due 02/15/2030  | 3100 | 3089 |
| 4.926% due 05/15/2037  | 1600 | 1554 |
| 5.050% due 07/12/2029  | 930 | 953 |
| 5.050% due 04/15/2030  | 3200 | 3279 |
| **Cameron LNG LLC** <br>2.902% due 07/15/2031 | 2000 | 1818 |
| **Canadian Natural Resources Ltd.**  |  |  |
| 5.000% due 12/15/2029  | 4200 | 4240 |
| 6.450% due 06/30/2033  | 1000 | 1067 |
| **Canadian Pacific Railway Co.**  |  |  |
| 4.800% due 03/30/2030  | 1500 | 1525 |
| 6.125% due 12/31/2099  | 500 | 510 |
| **Carnival Corp.** <br>4.000% due 08/01/2028 | 2200 | 2155 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Carrier** **Global Corp.**  |  |  |
| 4.125% due 05/29/2028  | 400 | 490 |
| 4.500% due 11/29/2032  | 1100 | 1381 |
| **CDW LLC**  |  |  |
| 3.250% due 02/15/2029  | $1100 | 1043 |
| 3.276% due 12/01/2028  | 2300 | 2200 |
| 3.569% due 12/01/2031  | 700 | 645 |
| 5.550% due 08/22/2034  | 500 | 499 |
| **Centene Corp.**  |  |  |
| 2.450% due 07/15/2028  | 5200 | 4832 |
| 2.500% due 03/01/2031  | 2200 | 1896 |
| 2.625% due 08/01/2031  | 3800 | 3258 |
| 3.000% due 10/15/2030  | 1700 | 1520 |
| 3.375% due 02/15/2030  | 1200 | 1106 |
| 4.625% due 12/15/2029  | 1000 | 973 |
| **CGI, Inc.**  |  |  |
| 1.450% due 09/14/2026  | 900 | 869 |
| 4.950% due 03/14/2030  | 5900 | 5960 |
| **Charter Communications Operating LLC**  |  |  |
| 3.850% due 04/01/2061  | 1400 | 898 |
| 3.950% due 06/30/2062  | 1300 | 838 |
| 4.400% due 12/01/2061  | 6000 | 4211 |
| 5.500% due 04/01/2063  | 1300 | 1100 |
| 6.100% due 06/01/2029  | 1000 | 1047 |
| 6.550% due 06/01/2034  | 500 | 534 |
| 6.650% due 02/01/2034  | 3000 | 3214 |
| **Cheniere Corpus Christi Holdings LLC** <br>3.700% due 11/15/2029 | 1100 | 1061 |
| **Cheniere Energy Partners LP**  |  |  |
| 3.250% due 01/31/2032  | 1200 | 1076 |
| 5.550% due 10/30/2035 (b)  | 5800 | 5848 |
| 5.950% due 06/30/2033  | 200 | 209 |
| **Cheniere Energy, Inc.** <br>4.625% due 10/15/2028 | 1200 | 1199 |
| **Chevron Phillips Chemical Co. LLC** <br>4.750% due 05/15/2030 | 6500 | 6589 |
| **Choice Hotels International, Inc.** <br>3.700% due 12/01/2029 | 850 | 804 |
| **Cigna Group** <br>4.375% due 10/15/2028 | 2000 | 2003 |
| **CIMIC Finance USA Pty. Ltd.** <br>7.000% due 03/25/2034 | 2000 | 2132 |
| **CommonSpirit Health** <br>6.073% due 11/01/2027 | 100 | 104 |
| **Concentrix Corp.** <br>6.650% due 08/02/2026 | 500 | 509 |
| **Constellation Brands, Inc.**  |  |  |
| 2.250% due 08/01/2031  | 1400 | 1213 |
| 3.600% due 02/15/2028  | 535 | 526 |
| 4.800% due 05/01/2030  | 1600 | 1614 |
| 4.900% due 05/01/2033  | 600 | 595 |
| **Constellation Pharmaceutical, Inc.** <br>5.550% due 07/01/2033 «(h) | 3532 | 3586 |
| **Continental Resources, Inc.** <br>4.375% due 01/15/2028 | 2100 | 2071 |
| **Corp. Nacional del Cobre de Chile** <br>5.950% due 01/08/2034 | 1000 | 1021 |
| **Coterra Energy, Inc.**  |  |  |
| 5.400% due 02/15/2035  | 2500 | 2476 |
| 5.600% due 03/15/2034  | 700 | 706 |
| **Cox Communications, Inc.**  |  |  |
| 5.450% due 09/01/2034  | 3600 | 3552 |
| 5.700% due 06/15/2033  | 200 | 203 |
| 5.800% due 12/15/2053  | 2600 | 2367 |
| **CRH SMW Finance DAC** <br>5.125% due 01/09/2030 | 1000 | 1026 |
| **CSL Finance PLC**  |  |  |
| 4.950% due 04/27/2062  | 200 | 171 |
| 5.106% due 04/03/2034  | 500 | 508 |
| **CVS Health Corp.**  |  |  |
| 5.125% due 02/21/2030  | 5000 | 5092 |
| 5.700% due 06/01/2034  | 400 | 412 |
| 5.875% due 06/01/2053  | 600 | 574 |
| 6.000% due 06/01/2044  | 2300 | 2275 |
| 6.000% due 06/01/2063  | 1700 | 1627 |
| **Czechoslovak Group AS** <br>5.250% due 01/10/2031 (b) | 2000 | 2403 |
| **Daimler Truck Finance North America LLC**  |  |  |
| 5.125% due 09/25/2027  | $600 | 609 |
| 5.400% due 09/20/2028  | 1700 | 1746 |
| 5.625% due 01/13/2035  | 2500 | 2546 |
| **Darden Restaurants, Inc.** <br>4.550% due 10/15/2029 | 3700 | 3692 |
| **Dell International LLC** <br>4.750% due 04/01/2028 | 1000 | 1012 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Delta** **Air Lines Pass-Through Trust** <br>2.000% due 12/10/2029 | 280 | 264 |
| **Delta Air Lines, Inc.** <br>4.750% due 10/20/2028 | 1000 | 1003 |
| **Devon Energy Corp.**  |  |  |
| 5.200% due 09/15/2034  | 4700 | 4567 |
| 5.750% due 09/15/2054  | 1300 | 1171 |
| **Diageo Capital PLC** <br>5.300% due 10/24/2027 | 200 | 205 |
| **Diageo Investment Corp.** <br>5.625% due 04/15/2035 | 2000 | 2092 |
| **Diamondback Energy, Inc.**  |  |  |
| 5.200% due 04/18/2027  | 1000 | 1014 |
| 5.400% due 04/18/2034  | 1100 | 1104 |
| 5.550% due 04/01/2035  | 5600 | 5663 |
| 5.900% due 04/18/2064  | 3000 | 2780 |
| **DR Horton, Inc.** <br>5.000% due 10/15/2034 | 3100 | 3067 |
| **DT Midstream, Inc.** <br>5.800% due 12/15/2034 | 2700 | 2752 |
| **Dyno Nobel Ltd.** <br>4.300% due 03/18/2026 | 2400 | 1580 |
| **Eastern Energy Gas Holdings LLC**  |  |  |
| 5.650% due 10/15/2054  | $1100 | 1053 |
| 5.800% due 01/15/2035  | 3000 | 3124 |
| 6.200% due 01/15/2055  | 1700 | 1759 |
| **Ecopetrol SA**  |  |  |
| 8.375% due 01/19/2036  | 1100 | 1062 |
| 8.875% due 01/13/2033  | 500 | 516 |
| **Elevance Health, Inc.**  |  |  |
| 5.150% due 06/15/2029  | 1000 | 1029 |
| 5.200% due 02/15/2035  | 1800 | 1820 |
| 5.950% due 12/15/2034  | 600 | 635 |
| **Embraer Netherlands Finance BV** <br>5.980% due 02/11/2035 | 6300 | 6498 |
| **Enbridge, Inc.**  |  |  |
| 5.300% due 04/05/2029  | 1000 | 1027 |
| 5.625% due 04/05/2034  | 6500 | 6681 |
| 5.900% due 11/15/2026  | 1000 | 1018 |
| 7.375% due 03/15/2055 •  | 2400 | 2500 |
| 7.625% due 01/15/2083 •  | 100 | 106 |
| 8.250% due 01/15/2084 •  | 600 | 636 |
| **Energy Transfer LP**  |  |  |
| 3.900% due 07/15/2026  | 1100 | 1093 |
| 4.400% due 03/15/2027  | 1200 | 1200 |
| 4.750% due 01/15/2026  | 200 | 200 |
| 5.350% due 05/15/2045  | 1000 | 901 |
| 5.400% due 10/01/2047  | 200 | 178 |
| 5.500% due 06/01/2027  | 1400 | 1426 |
| 5.550% due 05/15/2034  | 2900 | 2937 |
| 5.700% due 04/01/2035  | 2300 | 2344 |
| 5.950% due 05/15/2054  | 1000 | 952 |
| 6.000% due 06/15/2048  | 375 | 360 |
| 6.050% due 12/01/2026  | 800 | 817 |
| 7.500% due 07/01/2038  | 4000 | 4583 |
| **Eni SpA**  |  |  |
| 5.500% due 05/15/2034  | 3500 | 3529 |
| 5.750% due 05/19/2035  | 1800 | 1842 |
| 5.950% due 05/15/2054  | 4000 | 3874 |
| **Entergy Louisiana LLC**  |  |  |
| 4.000% due 03/15/2033  | 1200 | 1132 |
| 5.800% due 03/15/2055  | 1700 | 1703 |
| **Enterprise Products Operating LLC** <br>4.950% due 02/15/2035 | 2700 | 2692 |
| **Expand Energy Corp.**  |  |  |
| 4.750% due 02/01/2032  | 3000 | 2919 |
| 5.700% due 01/15/2035  | 1300 | 1320 |
| **Ferguson Enterprises, Inc.** <br>5.000% due 10/03/2034 | 1300 | 1291 |
| **Flex Intermediate Holdco LLC** <br>3.363% due 06/30/2031 | 2300 | 2045 |
| **Flex Ltd.** <br>5.250% due 01/15/2032 | 2300 | 2326 |
| **Florida Gas Transmission Co. LLC** <br>5.750% due 07/15/2035 | 3800 | 3890 |
| **Flutter Treasury DAC**  |  |  |
| 5.000% due 04/29/2029  | 1000 | 1224 |
| 6.375% due 04/29/2029  | $300 | 309 |
| **Foundry JV Holdco LLC** <br>5.900% due 01/25/2030 | 500 | 523 |
| **Freeport-McMoRan, Inc.** <br>5.450% due 03/15/2043 | 200 | 189 |
| **GE HealthCare Technologies, Inc.**  |  |  |
| 4.800% due 01/15/2031  | 1400 | 1412 |
| 5.500% due 06/15/2035  | 900 | 922 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **General** **Mills, Inc.** <br>4.700% due 01/30/2027 | 900 | 906 |
| **Glencore Funding LLC**  |  |  |
| 5.338% due 04/04/2027  | 3200 | 3245 |
| 5.400% due 05/08/2028  | 500 | 511 |
| **Greensaif Pipelines Bidco SARL** <br>5.853% due 02/23/2036 | 1500 | 1519 |
| **Gruma SAB de CV** <br>5.390% due 12/09/2034 | 4800 | 4832 |
| **Grupo Nutresa SA** <br>8.000% due 05/12/2030 | 450 | 472 |
| **GXO Logistics, Inc.** <br>6.500% due 05/06/2034 | 400 | 419 |
| **Haleon U.S. Capital LLC**  |  |  |
| 3.375% due 03/24/2027  | 2250 | 2218 |
| 3.375% due 03/24/2029  | 1300 | 1257 |
| **Halliburton Co.** <br>5.000% due 11/15/2045 | 4200 | 3720 |
| **Hanwha Futureproof Corp.** <br>4.750% due 04/30/2028 | 2700 | 2736 |
| **Harbour Energy PLC** <br>6.327% due 04/01/2035 | 5000 | 4976 |
| **Harley-Davidson Financial Services, Inc.** <br>5.950% due 06/11/2029 | 2300 | 2341 |
| **Hasbro, Inc.** <br>6.050% due 05/14/2034 | 2000 | 2064 |
| **HCA, Inc.**  |  |  |
| 4.375% due 03/15/2042  | 700 | 586 |
| 5.250% due 06/15/2049  | 400 | 356 |
| 5.450% due 04/01/2031  | 3700 | 3816 |
| 5.450% due 09/15/2034  | 8200 | 8274 |
| 5.500% due 03/01/2032  | 1200 | 1239 |
| 5.625% due 09/01/2028  | 700 | 721 |
| **Hexcel Corp.** <br>5.875% due 02/26/2035 | 600 | 611 |
| **HF Sinclair Corp.** <br>5.750% due 01/15/2031 | 1100 | 1127 |
| **Honeywell International, Inc.** <br>3.750% due 03/01/2036 | 300 | 352 |
| **Humana, Inc.** <br>5.375% due 04/15/2031 | $2600 | 2660 |
| **Huntington Ingalls Industries, Inc.** <br>5.353% due 01/15/2030 | 2100 | 2159 |
| **Huntsman International LLC** <br>5.700% due 10/15/2034 | 2500 | 2325 |
| **Hyatt Hotels Corp.**  |  |  |
| 5.050% due 03/30/2028  | 2800 | 2831 |
| 5.250% due 06/30/2029  | 1900 | 1934 |
| 5.375% due 12/15/2031  | 800 | 812 |
| 5.750% due 03/30/2032  | 3200 | 3286 |
| **Hyundai Capital America**  |  |  |
| 4.850% due 03/25/2027  | 3000 | 3014 |
| 5.150% due 03/27/2030  | 2300 | 2328 |
| 5.402% due 03/25/2027 ~  | 2600 | 2596 |
| 5.445% due 03/19/2027 ~  | 4400 | 4395 |
| 5.500% due 03/30/2026  | 400 | 403 |
| 5.680% due 06/26/2028  | 300 | 308 |
| **Icon Investments Six DAC** <br>5.809% due 05/08/2027 | 300 | 306 |
| **Illumina, Inc.**  |  |  |
| 4.650% due 09/09/2026  | 1600 | 1602 |
| 5.750% due 12/13/2027  | 100 | 102 |
| 5.800% due 12/12/2025  | 200 | 201 |
| **Imperial Brands Finance PLC**  |  |  |
| 3.500% due 07/26/2026  | 2160 | 2135 |
| 6.125% due 07/27/2027  | 200 | 207 |
| **Ingersoll Rand, Inc.** <br>5.176% due 06/15/2029 | 300 | 308 |
| **Intel Corp.**  |  |  |
| 3.050% due 08/12/2051  | 2000 | 1189 |
| 5.200% due 02/10/2033  | 1500 | 1513 |
| **IQVIA, Inc.** <br>5.700% due 05/15/2028 | 1700 | 1744 |
| **Japan Tobacco, Inc.**  |  |  |
| 5.250% due 06/15/2030  | 1900 | 1956 |
| 5.850% due 06/15/2035  | 3300 | 3452 |
| **JDE Peet's NV**  |  |  |
| 1.375% due 01/15/2027  | 2100 | 1999 |
| 2.250% due 09/24/2031  | 4700 | 4011 |
| **JetBlue Pass-Through Trust**  |  |  |
| 2.750% due 11/15/2033  | 644 | 565 |
| 4.000% due 05/15/2034  | 141 | 132 |
| **JT International Financial Services BV** <br>3.875% due 09/28/2028 | 2600 | 2562 |
| **Keysight Technologies, Inc.** <br>5.350% due 07/30/2030 | 2400 | 2476 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Kinder** **Morgan, Inc.**  |  |  |
| 5.000% due 02/01/2029  | 1900 | 1930 |
| 5.150% due 06/01/2030  | 1300 | 1328 |
| 5.200% due 06/01/2033  | 3600 | 3619 |
| 5.400% due 02/01/2034  | 1900 | 1925 |
| 5.550% due 06/01/2045  | 2600 | 2455 |
| 5.850% due 06/01/2035  | 1400 | 1452 |
| **Kraft Heinz Foods Co.**  |  |  |
| 3.500% due 03/15/2029  | 1700 | 2044 |
| 5.200% due 03/15/2032  | $1900 | 1936 |
| 5.400% due 03/15/2035  | 1700 | 1724 |
| 6.875% due 01/26/2039  | 200 | 221 |
| **L3Harris Technologies, Inc.**  |  |  |
| 5.050% due 06/01/2029  | 2000 | 2047 |
| 5.250% due 06/01/2031  | 1200 | 1238 |
| **Las Vegas Sands Corp.**  |  |  |
| 5.625% due 06/15/2028  | 1000 | 1020 |
| 5.900% due 06/01/2027  | 2000 | 2044 |
| 6.000% due 08/15/2029  | 2400 | 2468 |
| 6.000% due 06/14/2030  | 6400 | 6605 |
| 6.200% due 08/15/2034  | 5600 | 5724 |
| **Leland Stanford Junior University** <br>4.679% due 03/01/2035 | 5500 | 5470 |
| **Lenovo Group Ltd.** <br>5.831% due 01/27/2028 | 400 | 412 |
| **LG Energy Solution Ltd.**  |  |  |
| 5.250% due 04/02/2028  | 1600 | 1607 |
| 5.875% due 04/02/2035  | 3800 | 3789 |
| **LKQ Corp.** <br>5.750% due 06/15/2028 | 3300 | 3401 |
| **LYB International Finance LLC** <br>6.150% due 05/15/2035 | 4500 | 4673 |
| **Magna International, Inc.** <br>5.875% due 06/01/2035 | 1200 | 1232 |
| **Marathon Petroleum Corp.**  |  |  |
| 5.150% due 03/01/2030  | 600 | 612 |
| 5.700% due 03/01/2035  | 2800 | 2842 |
| **Marriott International, Inc.**  |  |  |
| 2.850% due 04/15/2031  | 300 | 272 |
| 4.000% due 04/15/2028  | 500 | 496 |
| 4.625% due 06/15/2030  | 500 | 501 |
| 4.800% due 03/15/2030  | 1500 | 1515 |
| 5.350% due 03/15/2035  | 5400 | 5447 |
| 5.450% due 09/15/2026  | 600 | 608 |
| 5.550% due 10/15/2028  | 300 | 311 |
| **Mars, Inc.**  |  |  |
| 4.800% due 03/01/2030  | 3500 | 3547 |
| 5.200% due 03/01/2035  | 8100 | 8201 |
| **Marvell Technology, Inc.**  |  |  |
| 1.650% due 04/15/2026  | 100 | 98 |
| 2.450% due 04/15/2028  | 1100 | 1046 |
| 2.950% due 04/15/2031  | 1050 | 957 |
| 4.750% due 07/15/2030  | 800 | 804 |
| 5.450% due 07/15/2035  | 3000 | 3022 |
| **McDonald's Corp.** <br>6.300% due 10/15/2037 | 700 | 767 |
| **Mercedes-Benz Finance North America LLC**  |  |  |
| 4.750% due 08/01/2027  | 1100 | 1108 |
| 4.800% due 08/01/2029  | 1500 | 1513 |
| 4.900% due 11/15/2027  | 4200 | 4249 |
| 5.000% due 04/01/2030  | 2900 | 2944 |
| 5.125% due 08/01/2034  | 800 | 799 |
| **Meta Platforms, Inc.**  |  |  |
| 4.550% due 08/15/2031  | 400 | 406 |
| 5.750% due 05/15/2063  | 500 | 506 |
| **Micron Technology, Inc.**  |  |  |
| 5.300% due 01/15/2031  | 1200 | 1229 |
| 5.327% due 02/06/2029  | 1000 | 1024 |
| 5.650% due 11/01/2032  | 2200 | 2288 |
| 5.800% due 01/15/2035  | 3800 | 3932 |
| 6.050% due 11/01/2035  | 2800 | 2931 |
| 6.750% due 11/01/2029  | 1100 | 1189 |
| **Mileage Plus Holdings LLC** <br>6.500% due 06/20/2027 | 280 | 281 |
| **Mondelez International, Inc.** <br>4.625% due 07/03/2031 | 3400 | 2588 |
| **Motorola Solutions, Inc.**  |  |  |
| 4.600% due 05/23/2029  | $200 | 201 |
| 5.400% due 04/15/2034  | 400 | 408 |
| **MPLX LP**  |  |  |
| 4.000% due 03/15/2028  | 315 | 312 |
| 4.500% due 04/15/2038  | 800 | 708 |
| 4.950% due 09/01/2032  | 200 | 198 |
| 5.400% due 04/01/2035  | 2100 | 2086 |
| 5.500% due 06/01/2034  | 3000 | 3014 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **MSCI** **, Inc.** <br>3.625% due 09/01/2030 | 2000 | 1877 |
| **National Football League** <br>5.480% due 10/05/2028 «(h) | 4000 | 4070 |
| **National Fuel Gas Co.** <br>5.950% due 03/15/2035 | 2400 | 2455 |
| **NetApp, Inc.** <br>5.700% due 03/17/2035 | 4200 | 4315 |
| **Novartis Capital Corp.** <br>3.700% due 09/21/2042 | 500 | 411 |
| **NTT Finance Corp.** <br>5.104% due 07/02/2027 | 300 | 304 |
| **Nucor Corp.** <br>4.650% due 06/01/2030 | 1700 | 1714 |
| **NXP BV**  |  |  |
| 2.650% due 02/15/2032  | 2700 | 2351 |
| 4.300% due 06/18/2029  | 300 | 297 |
| **Occidental Petroleum Corp.**  |  |  |
| 5.200% due 08/01/2029  | 600 | 602 |
| 5.550% due 10/01/2034 (i)  | 7300 | 7168 |
| 6.050% due 10/01/2054  | 1000 | 917 |
| 6.125% due 01/01/2031  | 4400 | 4558 |
| 6.200% due 03/15/2040  | 2800 | 2743 |
| 6.375% due 09/01/2028  | 200 | 208 |
| 7.500% due 05/01/2031  | 500 | 551 |
| 8.500% due 07/15/2027  | 300 | 318 |
| 8.875% due 07/15/2030  | 2400 | 2744 |
| **OCI NV** <br>6.700% due 03/16/2033 | 2300 | 2548 |
| **Open Text Corp.** <br>6.900% due 12/01/2027 | 200 | 207 |
| **Oracle Corp.**  |  |  |
| 1.650% due 03/25/2026  | 200 | 196 |
| 4.200% due 09/27/2029  | 3000 | 2980 |
| 4.700% due 09/27/2034  | 2000 | 1943 |
| 5.500% due 08/03/2035  | 3000 | 3068 |
| 5.500% due 09/27/2064  | 1650 | 1504 |
| **ORLEN SA** <br>6.000% due 01/30/2035 | 4000 | 4111 |
| **Ovintiv, Inc.** <br>6.250% due 07/15/2033 | 4400 | 4545 |
| **Paramount Global**  |  |  |
| 2.900% due 01/15/2027  | 600 | 584 |
| 3.375% due 02/15/2028  | 300 | 291 |
| 3.700% due 06/01/2028  | 1275 | 1238 |
| 4.950% due 01/15/2031  | 800 | 778 |
| 6.875% due 04/30/2036  | 800 | 820 |
| 7.875% due 07/30/2030  | 200 | 222 |
| **Penske Truck Leasing Co. LP** <br>5.350% due 01/12/2027 | 1500 | 1517 |
| **Petroleos Mexicanos** <br>6.700% due 02/16/2032 | 400 | 372 |
| **Philip Morris International, Inc.**  |  |  |
| 1.750% due 11/01/2030  | 700 | 610 |
| 3.250% due 06/06/2032  | 3600 | 4176 |
| 4.375% due 04/30/2030  | $1100 | 1098 |
| 5.250% due 09/07/2028  | 1800 | 1852 |
| 5.250% due 02/13/2034  | 6000 | 6123 |
| **Phillips 66 Co.** <br>4.950% due 03/15/2035 | 6400 | 6213 |
| **Plains All American Pipeline LP** <br>5.950% due 06/15/2035 | 2600 | 2674 |
| **POSCO** <br>4.875% due 01/23/2027 | 500 | 502 |
| **Providence St Joseph Health Obligated Group** <br>2.532% due 10/01/2029 | 300 | 277 |
| **Regal Rexnord Corp.** <br>6.050% due 04/15/2028 | 1400 | 1443 |
| **Rio Tinto Finance USA PLC**  |  |  |
| 4.875% due 03/14/2030  | 1000 | 1020 |
| 5.000% due 03/14/2032  | 2000 | 2036 |
| 5.250% due 03/14/2035  | 3100 | 3156 |
| **Rogers Communications, Inc.** <br>5.000% due 02/15/2029 | 2050 | 2080 |
| **Rolls-Royce PLC** <br>5.750% due 10/15/2027 | 1000 | 1027 |
| **Royalty Pharma PLC** <br>5.150% due 09/02/2029 | 400 | 408 |
| **RTX Corp.** <br>6.100% due 03/15/2034 | 2000 | 2163 |
| **Sabine Pass Liquefaction LLC**  |  |  |
| 4.200% due 03/15/2028  | 2000 | 1990 |
| 4.500% due 05/15/2030  | 800 | 799 |
| **Santos Finance Ltd.** <br>6.875% due 09/19/2033 | 4200 | 4589 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Saudi** **Arabian Oil Co.**  |  |  |
| 4.750% due 06/02/2030  | 1500 | 1508 |
| 5.750% due 07/17/2054  | 3100 | 2913 |
| **SK Hynix, Inc.** <br>6.375% due 01/17/2028 | 400 | 417 |
| **Skyworks Solutions, Inc.** <br>1.800% due 06/01/2026 | 2200 | 2140 |
| **Smurfit Kappa Treasury ULC** <br>5.438% due 04/03/2034 | 500 | 507 |
| **Snam SpA**  |  |  |
| 5.000% due 05/28/2030  | 1600 | 1614 |
| 5.750% due 05/28/2035  | 6900 | 7053 |
| **Sociedad Quimica y Minera de Chile SA** <br>5.500% due 09/10/2034 | 3600 | 3507 |
| **Sodexo, Inc.** <br>5.150% due 08/15/2030 | 200 | 203 |
| **South Bow USA Infrastructure Holdings LLC**  |  |  |
| 5.026% due 10/01/2029  | 1600 | 1606 |
| 5.584% due 10/01/2034  | 1300 | 1287 |
| **Southern Co.**  |  |  |
| 1.750% due 03/15/2028  | 300 | 281 |
| 3.750% due 09/15/2051 •  | 2200 | 2173 |
| **Spectra Energy Partners LP** <br>3.375% due 10/15/2026 | 400 | 395 |
| **Spirit Airlines Pass-Through Trust**  |  |  |
| 3.375% due 08/15/2031  | 437 | 388 |
| 4.100% due 10/01/2029  | 196 | 180 |
| **St. Mary's Cement, Inc.** <br>5.750% due 04/02/2034 | 1100 | 1114 |
| **Starbucks Corp.** <br>4.850% due 02/08/2027 | 1900 | 1917 |
| **Stryker Corp.**  |  |  |
| 1.950% due 06/15/2030  | 1100 | 982 |
| 4.100% due 04/01/2043  | 500 | 416 |
| 4.850% due 12/08/2028  | 500 | 510 |
| **Suntory Holdings Ltd.** <br>5.124% due 06/11/2029 | 500 | 513 |
| **Sutter Health** <br>5.164% due 08/15/2033 | 200 | 203 |
| **Synopsys, Inc.**  |  |  |
| 4.650% due 04/01/2028  | 1400 | 1415 |
| 4.850% due 04/01/2030  | 2900 | 2941 |
| 5.150% due 04/01/2035  | 1200 | 1210 |
| **Sysco Corp.** <br>5.400% due 03/23/2035 | 4400 | 4478 |
| **T-Mobile USA, Inc.**  |  |  |
| 2.400% due 03/15/2029  | 700 | 652 |
| 2.550% due 02/15/2031  | 3000 | 2687 |
| 2.875% due 02/15/2031  | 500 | 455 |
| 3.600% due 11/15/2060  | 1000 | 667 |
| 3.750% due 04/15/2027  | 600 | 594 |
| 3.875% due 04/15/2030  | 3000 | 2915 |
| 4.200% due 10/01/2029  | 5661 | 5623 |
| 4.850% due 01/15/2029  | 2103 | 2133 |
| 5.125% due 05/15/2032  | 1100 | 1122 |
| 5.750% due 01/15/2034  | 4500 | 4715 |
| **Take-Two Interactive Software, Inc.**  |  |  |
| 5.400% due 06/12/2029  | 1000 | 1030 |
| 5.600% due 06/12/2034  | 1500 | 1557 |
| **Tapestry, Inc.** <br>5.500% due 03/11/2035 | 10100 | 10144 |
| **Targa Resources Corp.**  |  |  |
| 4.200% due 02/01/2033  | 600 | 562 |
| 5.200% due 07/01/2027  | 500 | 507 |
| 6.150% due 03/01/2029  | 1100 | 1157 |
| **TD SYNNEX Corp.**  |  |  |
| 2.375% due 08/09/2028  | 1000 | 937 |
| 6.100% due 04/12/2034  | 4000 | 4212 |
| **Telefonica Emisiones SA** <br>4.103% due 03/08/2027 | 800 | 796 |
| **Tennessee Gas Pipeline Co. LLC** <br>7.625% due 04/01/2037 | 600 | 698 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 84 | 128 |
| **Thames Water Utilities Finance PLC**  |  |  |
| 0.875% due 01/31/2030  | 1650 | 1237 |
| 4.375% due 01/18/2033  | 600 | 463 |
| **Time Warner Cable Enterprises LLC** <br>8.375% due 07/15/2033 | $3900 | 4543 |
| **Time Warner Cable LLC** <br>5.500% due 09/01/2041 | 6028 | 5485 |
| **TotalEnergies Capital SA**  |  |  |
| 5.150% due 04/05/2034  | 500 | 512 |
| 5.488% due 04/05/2054  | 600 | 578 |
| **TransCanada PipeLines Ltd.** <br>4.625% due 03/01/2034 | 600 | 576 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Transurban** **Finance Co. Pty. Ltd.** <br>4.125% due 02/02/2026 | 100 | 100 |
| **Trustees of Princeton University** <br>4.647% due 07/01/2030 | 1600 | 1638 |
| **TSMC Arizona Corp.** <br>1.750% due 10/25/2026 | 300 | 290 |
| **Tyson Foods, Inc.** <br>5.700% due 03/15/2034 | 1400 | 1450 |
| **Uber Technologies, Inc.**  |  |  |
| 4.800% due 09/15/2034  | 2800 | 2752 |
| 5.350% due 09/15/2054  | 1000 | 933 |
| **UCB SA** <br>4.250% due 03/20/2030 | 1100 | 1330 |
| **Unilever Capital Corp.** <br>4.625% due 08/12/2034 | $1900 | 1886 |
| **United Airlines Pass-Through Trust**  |  |  |
| 2.700% due 11/01/2033  | 681 | 610 |
| 3.500% due 09/01/2031  | 612 | 578 |
| 5.450% due 08/15/2038  | 9516 | 9637 |
| 5.875% due 04/15/2029  | 994 | 1015 |
| **United Airlines, Inc.** <br>4.375% due 04/15/2026 | 200 | 199 |
| **UnitedHealth Group, Inc.**  |  |  |
| 4.400% due 06/15/2028  | 1100 | 1106 |
| 4.500% due 04/15/2033  | 1500 | 1462 |
| 4.900% due 04/15/2031  | 1000 | 1017 |
| 4.950% due 05/15/2062  | 400 | 344 |
| 5.150% due 07/15/2034  | 3600 | 3638 |
| 5.200% due 04/15/2063  | 700 | 624 |
| **UPMC** <br>5.035% due 05/15/2033 | 200 | 201 |
| **Vale Overseas Ltd.** <br>6.125% due 06/12/2033 | 1700 | 1781 |
| **Var Energi ASA**  |  |  |
| 5.875% due 05/22/2030  | 1000 | 1025 |
| 7.500% due 01/15/2028  | 2500 | 2648 |
| 8.000% due 11/15/2032  | 3326 | 3773 |
| **Veralto Corp.** <br>5.500% due 09/18/2026 | 3250 | 3290 |
| **VeriSign, Inc.** <br>2.700% due 06/15/2031 | 300 | 269 |
| **VF Corp.** <br>0.625% due 02/25/2032 | 1100 | 914 |
| **VMware LLC**  |  |  |
| 2.200% due 08/15/2031  | $2250 | 1954 |
| 4.700% due 05/15/2030  | 2147 | 2156 |
| **Volkswagen Group of America Finance LLC**  |  |  |
| 4.850% due 08/15/2027  | 750 | 751 |
| 4.900% due 08/14/2026  | 600 | 601 |
| 4.950% due 03/25/2027  | 1250 | 1254 |
| 5.050% due 03/27/2028  | 1250 | 1257 |
| 5.236% due 03/20/2026 ~  | 300 | 300 |
| 5.250% due 03/22/2029  | 1900 | 1923 |
| 5.350% due 03/27/2030  | 1800 | 1832 |
| 5.650% due 09/12/2028  | 400 | 409 |
| 5.700% due 09/12/2026  | 400 | 404 |
| **Volkswagen International Finance NV** <br>7.875% due 09/06/2032 •(f) | 3000 | 4004 |
| **Vulcan Materials Co.**  |  |  |
| 4.950% due 12/01/2029  | $3750 | 3826 |
| 5.350% due 12/01/2034  | 2500 | 2547 |
| **Walgreens Boots Alliance, Inc.** <br>3.450% due 06/01/2026 | 300 | 294 |
| **Warnermedia Holdings, Inc.**  |  |  |
| 3.755% due 03/15/2027  | 253 | 247 |
| 4.279% due 03/15/2032  | 5255 | 4447 |
| **Weir Group, Inc.** <br>5.350% due 05/06/2030 | 3300 | 3347 |
| **Western Midstream Operating LP** <br>6.350% due 01/15/2029 | 2200 | 2304 |
| **Westinghouse Air Brake Technologies Corp.**  |  |  |
| 3.450% due 11/15/2026  | 400 | 395 |
| 4.700% due 09/15/2028  | 100 | 101 |
| **Whistler Pipeline LLC** <br>5.700% due 09/30/2031 | 3500 | 3570 |
| **Williams Cos., Inc.**  |  |  |
| 5.150% due 03/15/2034  | 2000 | 1997 |
| 5.300% due 09/30/2035  | 3100 | 3105 |
| 5.400% due 03/02/2026  | 700 | 704 |
| 8.750% due 03/15/2032  | 200 | 241 |
| **Workday, Inc.** <br>3.800% due 04/01/2032 | 300 | 282 |
| **Yale University** <br>4.701% due 04/15/2032 | 3900 | 3957 |
| **Zimmer Biomet Holdings, Inc.**  |  |  |
| 3.518% due 12/15/2032  | 3300 | 3872 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.500% due 02/19/2035  | $1400 | 1437 |
|  |  | 915643 |
| **UTILITIES 9.1%**  |  |  |
| **AEP Texas, Inc.**  |  |  |
| 3.800% due 10/01/2047  | 300 | 220 |
| 5.400% due 06/01/2033  | 100 | 102 |
| **AES Corp.**  |  |  |
| 2.450% due 01/15/2031  | 1400 | 1225 |
| 3.950% due 07/15/2030 (i)  | 4900 | 4661 |
| 5.450% due 06/01/2028  | 700 | 716 |
| 5.800% due 03/15/2032  | 5100 | 5181 |
| **Ameren Corp.** <br>5.700% due 12/01/2026 | 800 | 813 |
| **Ameren Missouri Securitization Funding LLC** <br>4.850% due 10/01/2041 | 3000 | 2978 |
| **American Electric Power Co., Inc.** <br>5.200% due 01/15/2029 | 200 | 205 |
| **Appalachian Power Co.**  |  |  |
| 4.500% due 08/01/2032  | 400 | 390 |
| 5.650% due 04/01/2034  | 1100 | 1133 |
| **Arizona Public Service Co.**  |  |  |
| 5.500% due 09/01/2035  | 1000 | 1002 |
| 5.700% due 08/15/2034  | 200 | 206 |
| **AT&T, Inc.**  |  |  |
| 1.650% due 02/01/2028  | 4900 | 4598 |
| 2.300% due 06/01/2027  | 340 | 328 |
| 3.650% due 09/15/2059  | 1800 | 1209 |
| 3.800% due 12/01/2057  | 100 | 70 |
| 4.350% due 03/01/2029  | 200 | 200 |
| 5.375% due 08/15/2035  | 2000 | 2037 |
| **Black Hills Corp.**  |  |  |
| 3.950% due 01/15/2026  | 400 | 398 |
| 6.150% due 05/15/2034  | 600 | 630 |
| **BP Capital Markets PLC**  |  |  |
| 6.125% due 03/18/2035 •(f)  | 3300 | 3303 |
| 6.450% due 12/01/2033 •(f)  | 1800 | 1845 |
| **Brooklyn Union Gas Co.**  |  |  |
| 4.632% due 08/05/2027  | 100 | 100 |
| 6.388% due 09/15/2033  | 4600 | 4903 |
| **Capital Power U.S. Holdings, Inc.** <br>6.189% due 06/01/2035 | 5400 | 5575 |
| **Chile Electricity Lux MPC SARL** <br>5.580% due 10/20/2035 | 5865 | 5874 |
| **Columbia Pipelines Holding Co. LLC**  |  |  |
| 5.097% due 10/01/2031  | 1200 | 1206 |
| 6.042% due 08/15/2028  | 1100 | 1146 |
| **Columbia Pipelines Operating Co. LLC**  |  |  |
| 5.439% due 02/15/2035  | 3600 | 3622 |
| 5.927% due 08/15/2030  | 100 | 106 |
| **Connecticut Light & Power Co.** <br>4.950% due 01/15/2030 | 2000 | 2050 |
| **Constellation Energy Generation LLC** <br>6.125% due 01/15/2034 | 1600 | 1724 |
| **Consumers Energy Co.** <br>4.200% due 09/01/2052 | 200 | 164 |
| **Dominion Energy South Carolina, Inc.** <br>5.300% due 01/15/2035 | 4000 | 4092 |
| **Dominion Energy, Inc.**  |  |  |
| 3.375% due 04/01/2030  | 200 | 190 |
| 5.000% due 06/15/2030  | 2800 | 2859 |
| 5.450% due 03/15/2035  | 2100 | 2119 |
| 7.000% due 06/01/2054 •  | 2300 | 2474 |
| **DTE Energy Co.**  |  |  |
| 2.950% due 03/01/2030  | 1700 | 1588 |
| 5.200% due 04/01/2030  | 5400 | 5528 |
| **Duke Energy Carolinas LLC**  |  |  |
| 2.450% due 02/01/2030  | 1000 | 924 |
| 3.550% due 03/15/2052  | 600 | 433 |
| 6.100% due 06/01/2037  | 100 | 107 |
| **Duke Energy Progress LLC** <br>5.050% due 03/15/2035 | 3000 | 3014 |
| **Edison International**  |  |  |
| 4.125% due 03/15/2028  | 10000 | 9656 |
| 5.250% due 03/15/2032  | 1900 | 1804 |
| 5.450% due 06/15/2029  | 1500 | 1484 |
| 6.250% due 03/15/2030  | 3550 | 3607 |
| 7.875% due 06/15/2054 •  | 1300 | 1235 |
| **Electricite de France SA**  |  |  |
| 6.000% due 04/22/2064  | 5800 | 5500 |
| 6.250% due 05/23/2033  | 1700 | 1823 |
| **Enel Finance International NV**  |  |  |
| 3.625% due 05/25/2027  | 325 | 321 |
| 5.125% due 06/26/2029  | 3400 | 3464 |
| 7.500% due 10/14/2032  | 700 | 798 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 7.750% due 10/14/2052  | 950 | 1140 |
| **Entergy Texas, Inc.** <br>5.250% due 04/15/2035 | 1480 | 1493 |
| **Eversource Energy**  |  |  |
| 5.000% due 01/01/2027  | 400 | 404 |
| 5.450% due 03/01/2028  | 600 | 616 |
| **Florida Power & Light Co.** <br>5.100% due 04/01/2033 | 500 | 511 |
| **IPALCO Enterprises, Inc.** <br>4.250% due 05/01/2030 | 2100 | 2017 |
| **Israel Electric Corp. Ltd.** <br>3.750% due 02/22/2032 | 1900 | 1702 |
| **Massachusetts Electric Co.** <br>1.729% due 11/24/2030 | 400 | 344 |
| **MidAmerican Energy Co.**  |  |  |
| 4.250% due 07/15/2049  | 1050 | 855 |
| 5.300% due 02/01/2055  | 600 | 572 |
| 5.350% due 01/15/2034  | 1000 | 1037 |
| **Monongahela Power Co.** <br>5.850% due 02/15/2034 | 2000 | 2081 |
| **Narragansett Electric Co.** <br>5.350% due 05/01/2034 | 1300 | 1320 |
| **National Grid PLC**  |  |  |
| 5.418% due 01/11/2034  | 2000 | 2056 |
| 5.602% due 06/12/2028  | 400 | 414 |
| **NBN Co. Ltd.**  |  |  |
| 2.625% due 05/05/2031  | 500 | 452 |
| 4.250% due 10/01/2029  | 1900 | 1894 |
| 5.750% due 10/06/2028  | 1300 | 1360 |
| **NextEra Energy Capital Holdings, Inc.**  |  |  |
| 1.900% due 06/15/2028  | 100 | 93 |
| 5.450% due 03/15/2035  | 1000 | 1020 |
| **NGPL PipeCo LLC** <br>3.250% due 07/15/2031 | 300 | 268 |
| **Niagara Energy SAC** <br>5.746% due 10/03/2034 | 2900 | 2873 |
| **Niagara Mohawk Power Corp.**  |  |  |
| 2.759% due 01/10/2032  | 600 | 525 |
| 5.290% due 01/17/2034  | 500 | 499 |
| **NorthWestern Corp.** <br>5.073% due 03/21/2030 | 1500 | 1524 |
| **NSTAR Electric Co.** <br>4.850% due 03/01/2030 | 2300 | 2340 |
| **NYSEG Storm Funding LLC** <br>4.713% due 05/01/2029 | 3700 | 3721 |
| **Oglethorpe Power Corp.** <br>5.800% due 06/01/2054 | 2200 | 2149 |
| **Oncor Electric Delivery Co. LLC** <br>5.350% due 04/01/2035 | 2000 | 2038 |
| **ONEOK, Inc.**  |  |  |
| 4.250% due 09/24/2027  | 1751 | 1749 |
| 4.400% due 10/15/2029  | 2000 | 1986 |
| 5.050% due 11/01/2034  | 3100 | 3018 |
| 5.375% due 06/01/2029  | 50 | 51 |
| 5.650% due 11/01/2028  | 1613 | 1672 |
| 5.800% due 11/01/2030  | 2100 | 2199 |
| 5.850% due 11/01/2064  | 1600 | 1485 |
| 6.050% due 09/01/2033  | 2400 | 2519 |
| 6.625% due 09/01/2053  | 3500 | 3641 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.950% due 03/01/2026  | 200 | 197 |
| 3.300% due 12/01/2027  | 800 | 774 |
| 4.000% due 12/01/2046  | 1100 | 789 |
| 5.700% due 03/01/2035  | 2000 | 1983 |
| 5.800% due 05/15/2034  | 1400 | 1401 |
| 6.000% due 08/15/2035  | 6500 | 6576 |
| 6.100% due 01/15/2029  | 3265 | 3384 |
| 6.150% due 01/15/2033  | 400 | 412 |
| 6.400% due 06/15/2033  | 400 | 418 |
| 6.750% due 01/15/2053  | 1400 | 1410 |
| 6.950% due 03/15/2034  | 1500 | 1616 |
| **PacifiCorp** <br>2.700% due 09/15/2030 | 100 | 91 |
| **Piedmont Natural Gas Co., Inc.** <br>5.100% due 02/15/2035 | 2500 | 2516 |
| **Pinnacle West Capital Corp.**  |  |  |
| 4.900% due 05/15/2028  | 2300 | 2333 |
| 5.214% due 06/10/2026 ~  | 500 | 501 |
| **Plains All American Pipeline LP** <br>5.700% due 09/15/2034 | 3300 | 3366 |
| **PPL Capital Funding, Inc.** <br>5.250% due 09/01/2034 | 600 | 605 |
| **Public Service Co. of Colorado** <br>5.350% due 05/15/2034 | 3400 | 3450 |
| **Public Service Enterprise Group, Inc.** <br>4.900% due 03/15/2030 | 1600 | 1628 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Puget** **Energy, Inc.** <br>5.725% due 03/15/2035 | 5700 | 5737 |
| **Raizen Fuels Finance SA**  |  |  |
| 5.700% due 01/17/2035  | 1900 | 1780 |
| 6.250% due 07/08/2032 (b)  | 1000 | 994 |
| 6.700% due 02/25/2037  | 1700 | 1670 |
| **San Diego Gas & Electric Co.**  |  |  |
| 5.400% due 04/15/2035  | 5100 | 5210 |
| 6.000% due 06/01/2026  | 3000 | 3055 |
| **Sempra** <br>6.875% due 10/01/2054 •  | 1000 | 1011 |
| **Sierra Pacific Power Co.** <br>5.900% due 03/15/2054 | 700 | 703 |
| **Southern California Edison Co.**  |  |  |
| 2.750% due 02/01/2032  | 300 | 259 |
| 2.850% due 08/01/2029  | 1750 | 1620 |
| 2.950% due 02/01/2051  | 300 | 176 |
| 4.650% due 10/01/2043  | 350 | 283 |
| 4.900% due 06/01/2026  | 300 | 300 |
| 5.450% due 03/01/2035  | 1000 | 982 |
| 5.650% due 10/01/2028  | 1500 | 1537 |
| **Southern California Gas Co.**  |  |  |
| 2.550% due 02/01/2030  | 1900 | 1747 |
| 2.600% due 06/15/2026  | 200 | 197 |
| 5.200% due 06/01/2033  | 400 | 406 |
| **Southern Co. Gas Capital Corp.** <br>3.950% due 10/01/2046 | 500 | 385 |
| **Southwestern Public Service Co.** <br>4.400% due 11/15/2048 | 460 | 369 |
| **Spire Missouri, Inc.** <br>5.150% due 08/15/2034 | 500 | 509 |
| **Swepco Storm Recovery Funding LLC** <br>4.880% due 09/01/2041 | 3000 | 2983 |
| **System Energy Resources, Inc.** <br>5.300% due 12/15/2034 | 4100 | 4054 |
| **Targa Resources Partners LP**  |  |  |
| 4.875% due 02/01/2031  | 900 | 893 |
| 6.500% due 07/15/2027  | 500 | 500 |
| **Trans-Allegheny Interstate Line Co.** <br>5.000% due 01/15/2031 | 1000 | 1018 |
| **Verizon Communications, Inc.**  |  |  |
| 3.000% due 11/20/2060  | 400 | 236 |
| 4.780% due 02/15/2035  | 302 | 294 |
| 5.401% due 07/02/2037  | 2514 | 2530 |
| **Virginia Electric & Power Co.**  |  |  |
| 2.300% due 11/15/2031  | 400 | 350 |
| 5.000% due 04/01/2033  | 600 | 607 |
| 5.050% due 08/15/2034  | 200 | 201 |
| **Virginia Power Fuel Securitization LLC** <br>4.877% due 05/01/2033 | 1800 | 1831 |
| **Vistra Operations Co. LLC**  |  |  |
| 6.000% due 04/15/2034  | 900 | 935 |
| 6.950% due 10/15/2033  | 2700 | 2967 |
| **WEC Energy Group, Inc.**  |  |  |
| 4.750% due 01/09/2026  | 300 | 300 |
| 5.600% due 09/12/2026  | 376 | 381 |
| **Wintershall Dea Finance BV** <br>1.823% due 09/25/2031 | 1000 | 1038 |
| **Xcel Energy, Inc.**  |  |  |
| 4.750% due 03/21/2028  | $800 | 808 |
| 5.500% due 03/15/2034  | 300 | 305 |
| 5.600% due 04/15/2035  | 5000 | 5107 |
|  |  | 258296 |
| Total Corporate Bonds & Notes (Cost $2,106,310) |  | 2147368 |
| **MUNICIPAL BONDS & NOTES 0.2%**  |  |  |
| **ARIZONA 0.2%**  |  |  |
| **Maricopa County, Arizona Industrial Development Authority Revenue Notes, Series 2024** <br>7.375% due 10/01/2029 | 4500 | 4663 |
| **LOUISIANA 0.0%**  |  |  |
| **Louisiana Local Government Environmental Facilities & Community Development Auth Revenue Bonds, Series 2023** <br>5.048% due 12/01/2034 | 400 | 409 |
| **TEXAS 0.0%**  |  |  |
| **Texas Natural Gas Securitization Finance Corp. Series 2023** <br>5.102% due 04/01/2035 | 353 | 362 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Municipal Bonds & Notes (Cost $5,253) |  | 5434 |
| **U.S. GOVERNMENT AGENCIES 7.7%**  |  |  |
| **Freddie Mac**<br>5.505% due 02/25/2055 •  | 1155 | 1158 |
| **Uniform Mortgage-Backed Security**  |  |  |
| 5.500% due 11/01/2052 - 06/01/2053 | 3304 | 3314 |
| 6.000% due 03/01/2053 - 04/01/2053 | 1579 | 1610 |
| 6.500% due 10/01/2053 | 1610 | 1665 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.000% due 07/01/2055 - 08/01/2055 | 69200 | 64343 |
| 4.500% due 08/01/2055 | 82000 | 78407 |
| 6.000% due 08/01/2055 | 67300 | 68330 |
| Total U.S. Government Agencies (Cost $215,906) |  | 218827 |
| **U.S. TREASURY OBLIGATIONS 32.2%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 2.875% due 08/15/2045 | 4700 | 3516 |
| 3.000% due 02/15/2048 | 7300 | 5426 |
| 3.000% due 08/15/2048 | 17000 | 12578 |
| 3.125% due 05/15/2048 | 8500 | 6452 |
| 3.875% due 05/15/2043 | 6000 | 5361 |
| 4.125% due 08/15/2044 (i) | 149800 | 137283 |
| 4.250% due 08/15/2054 (i) | 57600 | 52618 |
| 4.375% due 08/15/2043 | 13330 | 12710 |
| 4.500% due 11/15/2054 | 12700 | 12107 |
| 4.625% due 11/15/2044 | 10800 | 10576 |
| 4.625% due 02/15/2055 (i) | 41100 | 40021 |
| 4.750% due 11/15/2043 | 5100 | 5096 |
| 4.750% due 11/15/2053 | 1234 | 1223 |
| 5.000% due 05/15/2045 (i) | 8700 | 8939 |
| **U.S. Treasury Inflation Protected Securities (e)** |  |  |
| 1.250% due 04/15/2028 (k) | 1925 | 1922 |
| 1.750% due 01/15/2034 (k) | 19513 | 19353 |
| 1.875% due 07/15/2034  | 409 | 409 |
| 2.125% due 04/15/2029  | 34222 | 35151 |
| **U.S. Treasury Notes**  |  |  |
| 3.250% due 06/30/2029 (k) | 2400 | 2357 |
| 3.500% due 09/30/2029 (i)(k)(m) | 182400 | 180604 |
| 3.875% due 08/15/2034 (i) | 34200 | 33402 |
| 4.125% due 05/31/2032 (i) | 14100 | 14222 |
| 4.250% due 01/31/2030 (k)(m) | 25000 | 25499 |
| 4.250% due 11/15/2034 (i) | 116200 | 116618 |
| 4.250% due 05/15/2035 (i) | 21200 | 21235 |
| 4.375% due 12/31/2029 (k) | 81100 | 83131 |
| 4.625% due 02/15/2035 (i) | 41700 | 43036 |
| 4.750% due 07/31/2025 (k)(m) | 17995 | 18000 |
| **U.S. Treasury STRIPS**  |  |  |
| 0.000% due 02/15/2042 (a) | 3900 | 1721 |
| 0.000% due 05/15/2042 (a) | 6100 | 2652 |
| Total U.S. Treasury Obligations (Cost $918,728) |  | 913218 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.8%**  |  |  |
| **ATLX Trust** <br>3.850% due 04/25/2063 þ | 945 | 908 |
| **Chase Home Lending Mortgage Trust** <br>3.250% due 08/25/2064 ~ | 6472 | 5743 |
| **Cross Mortgage Trust** <br>5.549% due 12/25/2069 ~ | 950 | 955 |
| **Ellington Financial Mortgage Trust** <br>5.726% due 01/25/2060 þ | 478 | 483 |
| **JP Morgan Seasoned Mortgage Trust** <br>4.446% due 01/25/2063 ~ | 953 | 915 |
| **Morgan Stanley Residential Mortgage Loan Trust** <br>4.000% due 06/25/2064 | 934 | 904 |
| **OBX Trust** <br>5.110% due 08/25/2062 þ | 745 | 742 |
| **PRET Trust**  |  |  |
| 4.000% due 08/25/2064 þ  | 974 | 943 |
| 4.000% due 07/25/2069 þ  | 954 | 925 |
| **PRPM LLC**  |  |  |
| 3.750% due 04/25/2055 þ  | 982 | 949 |
| 4.000% due 11/25/2054 þ  | 934 | 907 |
| **PRPM Trust**  |  |  |
| 5.674% due 12/26/2069 þ  | 909 | 911 |
| 5.802% due 11/25/2069 þ  | 909 | 917 |
| **Santander Mortgage Asset Receivable Trust** <br>5.545% due 01/25/2065 | 950 | 954 |
| **Towd Point Mortgage Trust**  |  |  |
| 4.518% due 10/25/2064 ~  | 2712 | 2710 |
| 5.725% due 11/25/2064  | 1243 | 1250 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Verus** **Securitization Trust** <br>5.041% due 08/25/2067 | 715 | 712 |
| Total Non-Agency Mortgage-Backed Securities (Cost $21,661) |  | 21828 |
| **ASSET-BACKED SECURITIES 3.7%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.3%**  |  |  |
| **BMW Vehicle Lease Trust**  |  |  |
| 4.430% due 06/26/2028  | 2000 | 2013 |
| 4.980% due 03/25/2027  | 1000 | 1003 |
| 5.100% due 07/27/2026  | 35 | 35 |
| 5.990% due 09/25/2026  | 324 | 325 |
| **Chase Auto Owner Trust** <br>5.680% due 01/25/2029 | 2600 | 2630 |
| **CPS Auto Receivables Trust** <br>4.910% due 06/15/2028 | 535 | 536 |
| **Ford Auto Securitization Trust** <br>5.053% due 07/15/2028 | 565 | 421 |
| **Ford Credit Auto Lease Trust** <br>4.720% due 06/15/2028 | $1000 | 1008 |
| **GM Financial Consumer Automobile Receivables Trust** <br>4.470% due 02/16/2028 | 355 | 355 |
| **Lendbuzz Securitization Trust** <br>5.100% due 10/15/2030 | 500 | 502 |
| **SCCU Auto Receivables Trust** <br>5.850% due 05/17/2027 | 56 | 56 |
|  |  | 8884 |
| **CMBS OTHER 0.0%**  |  |  |
| **AREIT Trust** <br>6.426% due 08/17/2041 •  | 1273 | 1278 |
| **OTHER ABS 3.4%**  |  |  |
| **37 Capital CLO Ltd.** <br>5.346% due 04/15/2035 •  | 1000 | 997 |
| **522 Funding CLO Ltd.** <br>5.479% due 10/23/2034 •  | 500 | 500 |
| **AGL CLO Ltd.** <br>5.399% due 12/02/2034 •  | 1200 | 1201 |
| **American Money Management Corp. CLO Ltd.** <br>5.469% due 01/20/2035 •  | 1000 | 1000 |
| **Anchorage Capital CLO Ltd.**  |  |  |
| 5.319% due 10/20/2034 •  | 1100 | 1100 |
| 5.369% due 01/20/2035 •  | 1000 | 998 |
| 5.712% due 04/22/2034 •  | 250 | 251 |
| **Anchorage Credit Funding Ltd.** <br>3.793% due 10/25/2037 | 910 | 893 |
| **Apex Credit CLO Ltd.** <br>6.069% due 04/20/2036 •  | 1950 | 1956 |
| **Apidos CLO** <br>5.520% due 04/17/2034 •  | 1350 | 1350 |
| **Ares CLO Ltd.** <br>5.433% due 10/28/2034 •  | 1600 | 1602 |
| **Ares European CLO DAC** <br>3.266% due 10/21/2034 •  | 801 | 943 |
| **Atlantic Avenue Ltd.** <br>5.529% due 01/20/2035 •  | $1550 | 1550 |
| **Atlas Senior Loan Fund Ltd.**  |  |  |
| 5.329% due 10/20/2034 •  | 1000 | 1000 |
| 5.379% due 01/18/2035 •  | 1200 | 1199 |
| **Avoca Static CLO DAC** <br>3.249% due 01/15/2035 •  | 925 | 1090 |
| **Bain Capital Credit CLO Ltd.**  |  |  |
| 0.000% due 04/22/2035 •(b)  | $2000 | 2000 |
| 0.000% due 07/15/2035 •(b)  | 1200 | 1201 |
| 5.269% due 04/23/2035 •  | 2100 | 2094 |
| 5.299% due 10/21/2034 •  | 1000 | 995 |
| 5.335% due 07/24/2034 •  | 1000 | 996 |
| 5.359% due 10/21/2034 •  | 1000 | 1001 |
| 5.422% due 10/23/2034 •  | 1000 | 998 |
| **Barings CLO Ltd.** <br>5.468% due 04/15/2031 •  | 135 | 135 |
| **Canyon Capital CLO Ltd.** <br>5.266% due 10/15/2034 •  | 1000 | 1001 |
| **Canyon CLO Ltd.** <br>5.336% due 07/15/2034 •  | 1000 | 1001 |
| **Carlyle Global Market Strategies CLO Ltd.** <br>5.359% due 07/20/2034 •  | 3600 | 3604 |
| **Carval CLO Ltd.** <br>5.259% due 07/20/2032 •  | 986 | 987 |
| **CQS U.S. CLO Ltd.** <br>5.469% due 01/20/2035 •  | 1000 | 1000 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Crown** **Point CLO Ltd.** <br>5.499% due 10/20/2031 •  | 8641 | 8647 |
| **Diamond Infrastructure Funding LLC** <br>1.760% due 04/15/2049 | 1000 | 952 |
| **DLLAA LLC** <br>5.930% due 07/20/2026 | 72 | 73 |
| **Dryden CLO Ltd.** <br>5.362% due 08/20/2034 •  | 1900 | 1895 |
| **Elevation CLO Ltd.** <br>5.412% due 07/25/2034 •  | 1000 | 1001 |
| **Elmwood CLO Ltd.** <br>5.463% due 04/22/2035 « | 600 | 600 |
| **Flatiron CLO Ltd.** <br>5.505% due 11/16/2034 •  | 916 | 917 |
| **Fortress Credit BSL Ltd.** <br>5.369% due 07/23/2032 •  | 555 | 555 |
| **Grosvenor Place CLO DAC** <br>0.000% due 01/15/2039 •  | 1900 | 2237 |
| **Guggenheim CLO Ltd.** <br>5.406% due 01/15/2035 •  | $1000 | 998 |
| **Hayfin Emerald CLO DAC** <br>3.337% due 11/17/2037 •  | 2100 | 2471 |
| **ICG U.S. CLO Ltd.**  |  |  |
| 5.251% due 01/16/2033 •  | $868 | 868 |
| 5.419% due 10/20/2034 •  | 1200 | 1201 |
| **Indigo Credit Management DAC** <br>3.479% due 07/15/2038 •  | 2200 | 2596 |
| **Jamestown CLO Ltd.** <br>5.402% due 07/25/2034 •  | $1100 | 1097 |
| **LCM Ltd.**  |  |  |
| 5.326% due 01/15/2034 •  | 1000 | 997 |
| 5.336% due 10/15/2034 •  | 1000 | 997 |
| **Madison Park Funding Ltd.**  |  |  |
| 5.256% due 10/15/2034 •  | 2100 | 2102 |
| 5.319% due 10/19/2034 •  | 1200 | 1198 |
| **Mountain View CLO Ltd.** <br>5.415% due 10/15/2034 •  | 1100 | 1099 |
| **Navesink CLO Ltd.** <br>5.526% due 04/15/2036 •  | 2000 | 2001 |
| **Neuberger Berman Loan Advisers CLO Ltd.**  |  |  |
| 5.302% due 10/14/2036 •  | 1100 | 1098 |
| 5.330% due 07/17/2036 •  | 1000 | 999 |
| **Ocean Trails CLO** <br>5.299% due 07/20/2034 •  | 1300 | 1300 |
| **Octagon Investment Partners Ltd.** <br>5.309% due 01/20/2035 •  | 1700 | 1691 |
| **OFSI BSL Ltd.** <br>5.539% due 04/20/2034 •  | 1000 | 1001 |
| **Oportun Funding Trust** <br>4.960% due 08/16/2032 | 348 | 347 |
| **Oportun Issuance Trust** <br>5.010% due 02/08/2033 | 500 | 500 |
| **Pagaya AI Debt Grantor Trust**  |  |  |
| 4.670% due 03/16/2026  | 945 | 945 |
| 4.961% due 10/15/2032  | 500 | 499 |
| 5.156% due 07/15/2032  | 500 | 501 |
| **Parallel Ltd.** <br>5.366% due 07/15/2034 •  | 1100 | 1098 |
| **Sculptor CLO Ltd.** <br>5.329% due 07/20/2034 •  | 1000 | 1000 |
| **Silver Rock CLO Ltd.** <br>5.309% due 01/20/2035 •  | 1000 | 998 |
| **Tesla Sustainable Energy Trust** <br>5.080% due 06/21/2050 | 483 | 485 |
| **Tikehau CLO DAC** <br>3.456% due 01/20/2037 •  | 2000 | 2356 |
| **Tralee CLO Ltd.** <br>5.349% due 10/20/2034 •  | $1000 | 1001 |
| **Trinitas CLO Ltd.**  |  |  |
| 5.309% due 07/20/2035 •  | 1000 | 995 |
| 5.342% due 01/25/2035 •  | 1000 | 996 |
| 5.379% due 10/20/2033 •  | 1200 | 1201 |
| **Trysail CLO Ltd.** <br>5.511% due 10/20/2033 •  | 2000 | 2001 |
| **Venture CLO Ltd.** <br>5.409% due 10/20/2034 •  | 1000 | 999 |
| **Voya CLO Ltd.** <br>5.329% due 04/20/2034 •  | 2500 | 2491 |
| **Wellfleet CLO Ltd.** <br>0.000% due 04/20/2034 •(b) | 800 | 800 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Wind** **River CLO Ltd.** <br>5.316% due 10/15/2034 •  | 995 | 992 |
|  |  | 95439 |
| Total Asset-Backed Securities (Cost $104,568) |  | 105601 |
| **SOVEREIGN ISSUES 2.4%**  |  |  |
| **Airport Authority** <br>4.750% due 01/12/2028 | 200 | 203 |
| **Bank Gospodarstwa Krajowego** <br>5.750% due 07/09/2034 | 1500 | 1546 |
| **Cassa Depositi e Prestiti SpA**  |  |  |
| 5.750% due 05/05/2026  | 300 | 303 |
| 5.875% due 04/30/2029  | 3000 | 3140 |
| **Chile Government International Bond**  |  |  |
| 3.750% due 01/14/2032  | 3000 | 3604 |
| 4.850% due 01/22/2029  | $2600 | 2641 |
| 4.950% due 01/05/2036  | 300 | 295 |
| **Colombia Government International Bond** <br>8.000% due 11/14/2035 | 1300 | 1309 |
| **CPPIB Capital, Inc.** <br>4.300% due 06/02/2034 | 2400 | 1838 |
| **Indonesia Government International Bond** <br>3.875% due 01/15/2033 | 2400 | 2885 |
| **Israel Government International Bond**  |  |  |
| 5.375% due 03/12/2029  | $3200 | 3268 |
| 5.375% due 02/19/2030  | 7700 | 7857 |
| 5.625% due 02/19/2035  | 600 | 611 |
| **Korea Gas Corp.** <br>5.000% due 07/08/2029 | 750 | 770 |
| **Mexican Udibonos** <br>4.000% due 08/24/2034 (e) | 5356 | 266 |
| **Mexico Government International Bond**  |  |  |
| 4.490% due 05/25/2032  | 500 | 597 |
| 5.850% due 07/02/2032 (b)  | $2200 | 2229 |
| 6.000% due 05/13/2030  | 2600 | 2694 |
| 6.000% due 05/07/2036  | 1400 | 1385 |
| 6.400% due 05/07/2054  | 1200 | 1108 |
| 6.625% due 01/29/2038 (b)  | 2100 | 2135 |
| **Panama Government International Bond** <br>7.500% due 03/01/2031 | 3800 | 4053 |
| **Peru Government International Bond**  |  |  |
| 5.375% due 02/08/2035  | 1800 | 1801 |
| 5.500% due 03/30/2036  | 5400 | 5410 |
| 6.900% due 08/12/2037  | 2500 | 719 |
| **Province of British Columbia** <br>4.750% due 06/12/2034 | $500 | 508 |
| **Republic of Poland Government International Bond** <br>5.125% due 09/18/2034 | 2300 | 2314 |
| **Romania Government International Bond**  |  |  |
| 5.250% due 03/10/2030  | 3300 | 3974 |
| 5.500% due 09/18/2028  | 1100 | 1351 |
| **Saudi Government International Bond**  |  |  |
| 3.375% due 03/05/2032  | 4200 | 4931 |
| 5.125% due 01/13/2028  | $1100 | 1119 |
| 5.375% due 01/13/2031  | 1700 | 1764 |
| Total Sovereign Issues (Cost $65,139) |  | 68628 |
|  | SHARES |  |
| **PREFERRED SECURITIES 1.5%**  |  |  |
| **BANKING & FINANCE 1.5%**  |  |  |
| **Bank of America Corp.**<br>6.625% due 05/01/2030 •(f) | 6300000 | 6519 |
| **Citigroup, Inc.**  |  |  |
| 6.750% due 02/15/2030 •(f) | 4100000 | 4130 |
| 6.950% due 02/15/2030 •(f) | 5400000 | 5518 |
| 7.000% due 08/15/2034 •(f) | 2100000 | 2208 |
| 7.125% due 08/15/2029 •(f) | 3200000 | 3302 |
| **CoBank ACB**  |  |  |
| 7.125% due 01/01/2030 •(f) | 3900000 | 3998 |
| 7.250% due 07/01/2029 •(f) | 1800000 | 1854 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 6.125% due 11/10/2034 •(f) | 3200000 | 3199 |
| 7.500% due 05/10/2029 •(f) | 2300000 | 2425 |
| **JPMorgan Chase & Co.**<br>6.500% due 04/01/2030 •(f) | 5600000 | 5783 |
| **Wells Fargo & Co.**<br>6.850% due 09/15/2029 •(f) | 2400000 | 2518 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Preferred Securities (Cost $40,300) |  | 41454 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM INSTRUMENTS 0.0%**  |  |  |
| **U.S. TREASURY BILLS 0.0%**  |  |  |
| 4.350% due 09/11/2025 (c)(d)(m) | $263 | 261 |
| Total Short-Term Instruments (Cost $261) |  | 261 |
| Total Investments in Securities (Cost $3,487,126) |  | 3531619 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 0.1%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.1%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 236464 | 2302 |
| Total Short-Term Instruments (Cost $2,303) |  | 2302 |
| Total Investments in Affiliates (Cost $2,303) |  | 2302 |
| Total Investments 124.6% (Cost $3,489,429) |  | $3533921 |
| **Financial Derivative Instruments (j)(l) 0.0**%(Cost or Premiums, net $18,759) |  | 1147 |
| Other Assets and Liabilities, net (24.6)% |  | (699685) |
| Net Assets 100.0% |  | $2835383 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 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:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(d)** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** |
| **(e)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(f)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(g)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(h)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Coupon | Maturity<br>Date | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market Value<br> as Percentage of Net Assets |
| Constellation Pharmaceutical, Inc. | Constellation Pharmaceutical, Inc. | Constellation Pharmaceutical, Inc. | 5.550 | 07/01/2033 | 07/01/2033 | 01/16/2025 | 01/16/2025 | 3532 | 3532 | 3586 | 3586 | 0.13 |
| Deloitte LLP | Deloitte LLP | Deloitte LLP | 5.590 | 01/30/2035 | 01/30/2035 | 10/30/2024 | 10/30/2024 | 2800 | 2800 | 2798 | 2798 | 0.10 |
| National Football League | National Football League | National Football League | 5.480 | 10/05/2028 | 10/05/2028 | 03/14/2024 | 03/14/2024 | 4000 | 4000 | 4070 | 4070 | 0.14 |
| VB DPR Finance Co. | VB DPR Finance Co. | VB DPR Finance Co. | 6.833 | 03/15/2035 | 03/15/2035 | 01/31/2025 | 01/31/2025 | 6300 | 6300 | 6177 | 6177 | 0.22 |
|  |  |  |  |  |  |  | $ | 16632 | $ | 16631 | 0.59%  | 0.59%  |
| **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:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Borrowing Rate<sup>(1)</sup> | 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 |
| BOS | BOS | 4.350%  | 4.350%  | 4.350%  | 06/24/2025 | 06/24/2025 | 07/02/2025 | 07/02/2025 | (8917) | (8917) | (8925) | (8925) |
|  |  | 4.510  | 4.510  | 4.510  | 06/26/2025 | 06/26/2025 | 07/02/2025 | 07/02/2025 | (21227) | (21227) | (21240) | (21240) |
|  |  | 4.510  | 4.510  | 4.510  | 06/27/2025 | 06/27/2025 | 07/03/2025 | 07/03/2025 | (36844) | (36844) | (36862) | (36862) |
| BRC | BRC | 3.950  | 3.950  | 3.950  | 06/27/2025 | 06/27/2025 | 08/01/2025 | 08/01/2025 | (6497) | (6497) | (6500) | (6500) |
|  |  | 4.100  | 4.100  | 4.100  | 04/11/2025 | 04/11/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (9295) | (9295) | (9381) | (9381) |
|  |  | 4.400  | 4.400  | 4.400  | 12/20/2024 | 12/20/2024 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (9245) | (9245) | (9463) | (9463) |
| MYI | MYI | 3.500  | 3.500  | 3.500  | 04/16/2025 | 04/16/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (609) | (609) | (613) | (613) |
| SCX | SCX | 3.500  | 3.500  | 3.500  | 06/11/2025 | 06/11/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (1897) | (1897) | (1901) | (1901) |
| STR | STR | 4.480  | 4.480  | 4.480  | 07/01/2025 | 07/01/2025 | 07/02/2025 | 07/02/2025 | (7144) | (7144) | (7144) | (7144) |
|  |  | 4.490  | 4.490  | 4.490  | 06/30/2025 | 06/30/2025 | 07/01/2025 | 07/01/2025 | (10083) | (10083) | (10085) | (10085) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  | **(112114)** | **(112114)** |
| **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Borrowing Rate<sup>(1)</sup> | Borrowing Rate<sup>(1)</sup> | Borrowing Date | Borrowing Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Sale-Buyback<br>Transactions<sup>(3)</sup> | Payable for<br>Sale-Buyback<br>Transactions<sup>(3)</sup> |
| BOS | BOS | 4.400%  | 4.400%  | 4.400%  | 06/23/2025 | 06/23/2025 | 07/07/2025 | 07/07/2025 | (3510) | (3510) | (3513) | (3513) |
| TDM | TDM | 4.440  | 4.440  | 4.440  | 06/16/2025 | 06/16/2025 | 07/14/2025 | 07/14/2025 | (33318) | (33318) | (33380) | (33380) |
| UBS | UBS | 4.450  | 4.450  | 4.450  | 06/17/2025 | 06/17/2025 | 07/29/2025 | 07/29/2025 | (13790) | (13790) | (13814) | (13814) |
|  |  | 4.450  | 4.450  | 4.450  | 06/18/2025 | 06/18/2025 | 07/16/2025 | 07/16/2025 | (284503) | (284503) | (284960) | (284960) |
|  |  | 4.450  | 4.450  | 4.450  | 06/30/2025 | 06/30/2025 | 08/18/2025 | 08/18/2025 | (43709) | (43709) | (43715) | (43715) |
| **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** |  |  |  |  |  |  |  |  |  | **(379382)** | **(379382)** |
| **(i)** | **Securities with an aggregate market value of $486,680 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $486,680 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $486,680 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $486,680 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $486,680 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $486,680 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $486,680 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $486,680 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $486,680 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $486,680 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $486,680 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $486,680 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended June 30, 2025 was $(627447) at a weighted average interest rate of 4.403%. 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 June 30, 2025 was $(627447) at a weighted average interest rate of 4.403%. 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 June 30, 2025 was $(627447) at a weighted average interest rate of 4.403%. 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 June 30, 2025 was $(627447) at a weighted average interest rate of 4.403%. 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 June 30, 2025 was $(627447) at a weighted average interest rate of 4.403%. 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 June 30, 2025 was $(627447) at a weighted average interest rate of 4.403%. 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 June 30, 2025 was $(627447) at a weighted average interest rate of 4.403%. 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 June 30, 2025 was $(627447) at a weighted average interest rate of 4.403%. 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 June 30, 2025 was $(627447) at a weighted average interest rate of 4.403%. 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 June 30, 2025 was $(627447) at a weighted average interest rate of 4.403%. 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 June 30, 2025 was $(627447) at a weighted average interest rate of 4.403%. 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 June 30, 2025 was $(627447) at a weighted average interest rate of 4.403%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |

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<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <sup>(</sup><sup>2)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| <sup>(3)</sup> | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. | Payable for sale-buyback transactions includes $(891) of deferred price drop. |
| **(j)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> | **FUTURE STYLED OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS**<sup>(1)</sup> |
| Description | Description | Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | 110.750 | 110.750 | 07/25/2025 | 07/25/2025 | 39 | 39 | $39 | 39 | (8) | (8) | $ | (8) |
| Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | 113.250 | 113.250 | 07/25/2025 | 07/25/2025 | 39 | 39 | 39 | 39 | (10) | (10) |  | (11) |
| Put - EUREX Euro-Bobl July 2025 Futures  | Put - EUREX Euro-Bobl July 2025 Futures  | Put - EUREX Euro-Bobl July 2025 Futures  | Put - EUREX Euro-Bobl July 2025 Futures  | Put - EUREX Euro-Bobl July 2025 Futures  | Put - EUREX Euro-Bobl July 2025 Futures  | Put - EUREX Euro-Bobl July 2025 Futures  | 117.250 | 117.250 | 07/25/2025 | 07/25/2025 | 15 | 15 | 15 | 15 | (3) | (3) |  | (3) |
| Call - EUREX Euro-Bobl July 2025 Futures  | Call - EUREX Euro-Bobl July 2025 Futures  | Call - EUREX Euro-Bobl July 2025 Futures  | Call - EUREX Euro-Bobl July 2025 Futures  | Call - EUREX Euro-Bobl July 2025 Futures  | Call - EUREX Euro-Bobl July 2025 Futures  | Call - EUREX Euro-Bobl July 2025 Futures  | 118.500 | 118.500 | 07/25/2025 | 07/25/2025 | 15 | 15 | 15 | 15 | (3) | (3) |  | (2) |
| Put - EUREX Euro-Bund July 2025 Futures  | Put - EUREX Euro-Bund July 2025 Futures  | Put - EUREX Euro-Bund July 2025 Futures  | Put - EUREX Euro-Bund July 2025 Futures  | Put - EUREX Euro-Bund July 2025 Futures  | Put - EUREX Euro-Bund July 2025 Futures  | Put - EUREX Euro-Bund July 2025 Futures  | 129.000 | 129.000 | 07/25/2025 | 07/25/2025 | 10 | 10 | 10 | 10 | (5) | (5) |  | (4) |
| Call - EUREX Euro-Bund July 2025 Futures  | Call - EUREX Euro-Bund July 2025 Futures  | Call - EUREX Euro-Bund July 2025 Futures  | Call - EUREX Euro-Bund July 2025 Futures  | Call - EUREX Euro-Bund July 2025 Futures  | Call - EUREX Euro-Bund July 2025 Futures  | Call - EUREX Euro-Bund July 2025 Futures  | 132.500 | 132.500 | 07/25/2025 | 07/25/2025 | 10 | 10 | 10 | 10 | (5) | (5) |  | (2) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (34) | (34) | $ | (30) |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | $108.500 | 108.500 | 108.500 | 07/25/2025 | 07/25/2025 | 42 | $42 | 42 | (14) | (14) | $ | (1) |
| Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | 109.000 | 109.000 | 109.000 | 07/25/2025 | 07/25/2025 | 81 | 81 | 81 | (35) | (35) |  | (3) |
| Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | 109.500 | 109.500 | 109.500 | 07/25/2025 | 07/25/2025 | 44 | 44 | 44 | (14) | (14) |  | (3) |
| Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | Put - CBOE U.S. Treasury 10-Year Note August Futures  | 110.250 | 110.250 | 110.250 | 07/25/2025 | 07/25/2025 | 41 | 41 | 41 | (10) | (10) |  | (5) |
| Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | 112.500 | 112.500 | 112.500 | 07/25/2025 | 07/25/2025 | 125 | 125 | 125 | (48) | (48) |  | (66) |
| Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | Call - CBOE U.S. Treasury 10-Year Note August Futures  | 112.750 | 112.750 | 112.750 | 07/25/2025 | 07/25/2025 | 41 | 41 | 41 | (13) | (13) |  | (18) |
| Call - CBOT U.S. Treasury 10-Year Note August Futures  | Call - CBOT U.S. Treasury 10-Year Note August Futures  | Call - CBOT U.S. Treasury 10-Year Note August Futures  | Call - CBOT U.S. Treasury 10-Year Note August Futures  | Call - CBOT U.S. Treasury 10-Year Note August Futures  | Call - CBOT U.S. Treasury 10-Year Note August Futures  | Call - CBOT U.S. Treasury 10-Year Note August Futures  | 112.000 | 112.000 | 112.000 | 07/25/2025 | 07/25/2025 | 42 | 42 | 42 | (14) | (14) |  | (32) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (148) | (148) | $ | (128) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(182)** | **(182)** | **$** | **(158)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | 09/2025 | 550 | 550 | 114413 | 114413 | 114413 |  | $410 | 410 | 410 | 30 | 30 | 30 | 0 |
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 09/2025 | 131 | 131 | 14279 | 14279 | 14279 |  | 154 | 154 | 154 | 17 | 17 | 17 | 0 |
| U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | 09/2025 | 133 | 133 | 15197 | 15197 | 15197 |  | 190 | 190 | 190 | 65 | 65 | 65 | 0 |
| U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | 09/2025 | 407 | 407 | 48484 | 48484 | 48484 |  | 1432 | 1432 | 1432 | 547 | 547 | 547 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | 2186 | 2186 | $ | 659 | 659 | 659 | 0 |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Euro-Bund September Futures  | Euro-Bund September Futures  | Euro-Bund September Futures  | Euro-Bund September Futures  | Euro-Bund September Futures  | 09/2025 | 149 | 149 | (22843) | (22843) | (22843) |  | $166 | 166 | 166 | 65 | 65 | 65 | (5) |
| Euro-Schatz September Futures  | Euro-Schatz September Futures  | Euro-Schatz September Futures  | Euro-Schatz September Futures  | Euro-Schatz September Futures  | 09/2025 | 40 | 40 | (5053) | (5053) | (5053) |  | 9 | 9 | 9 | 4 | 4 | 4 | (2) |
| U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | 09/2025 | 246 | 246 | (27583) | (27583) | (27583) |  | (441) | (441) | (441) | 0 | 0 | 0 | (77) |
| U.S. Treasury Long-Term Bond September Futures  | U.S. Treasury Long-Term Bond September Futures  | U.S. Treasury Long-Term Bond September Futures  | U.S. Treasury Long-Term Bond September Futures  | U.S. Treasury Long-Term Bond September Futures  | 09/2025 | 243 | 243 | (28059) | (28059) | (28059) |  | (1008) | (1008) | (1008) | 0 | 0 | 0 | (243) |
|  |  |  |  |  |  |  |  |  |  |  |  | (1274) | (1274) | $ | 69 | 69 | 69 | (327) |
| **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** |  | **912** | **912** | **$** | **728** | **728** | **728** | **(327)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Maturity<br>Date | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Implied<br>Credit Spread at<br>June 30, 2025<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| AES Corp.  | AES Corp.  | 5.000% | 12/20/2028 | 0.875 | 0.875 | $1300 | 1300 | $161 | 161 | 161 | $ | 15 | 15 | 176 | 176 | $0 | 0 | $(1) |
| AES Corp.  | AES Corp.  | 5.000 | 06/20/2030 | 1.199 | 1.199 | 4200 | 4200 | 722 | 722 | 722 |  | (3) | (3) | 719 | 719 | 0 | 0 | (1) |
| American International Group, Inc.  | American International Group, Inc.  | 1.000 | 12/20/2027 | 0.310 | 0.310 | 200 | 200 | (1) | (1) | (1) |  | 4 | 4 | 3 | 3 | 0 | 0 | 0 |
| AT&T, Inc.  | AT&T, Inc.  | 1.000 | 12/20/2025 | 0.241 | 0.241 | 6000 | 6000 | 41 | 41 | 41 |  | (18) | (18) | 23 | 23 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| AT&T, Inc.  | AT&T, Inc.  | AT&T, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.426 | 0.426 |  | 2800 | (7) |  | 53 |  | 46 | 1 |  | 0 |
| Bank of America Corp.  | Bank of America Corp.  | Bank of America Corp.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2025 | 12/20/2025 | 0.239 | 0.239 |  | 5200 | 37 |  | (17) |  | 20 | 0 |  | 0 |
| Bank of America Corp.  | Bank of America Corp.  | Bank of America Corp.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.359 | 0.359 |  | 1200 | 14 |  | (3) |  | 11 | 0 |  | 0 |
| Barclays Bank PLC  | Barclays Bank PLC  | Barclays Bank PLC  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2025 | 12/20/2025 | 0.238 | 0.238 |  | 7900 | 46 |  | (9) |  | 37 | 1 |  | 0 |
| BNP Paribas SNR  | BNP Paribas SNR  | BNP Paribas SNR  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2025 | 12/20/2025 | 0.164 | 0.164 |  | 2700 | 18 |  | (4) |  | 14 | 0 |  | 0 |
| Boeing Co.  | Boeing Co.  | Boeing Co.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 0.742 | 0.742 |  | $1300 | 4 |  | 12 |  | 16 | 1 |  | 0 |
| Elis SA  | Elis SA  | Elis SA  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 0.777 | 0.777 |  | 4400 | 887 |  | 53 |  | 940 | 0 |  | 0 |
| Ford Motor Co.  | Ford Motor Co.  | Ford Motor Co.  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 1.511 | 1.511 |  | $2000 | 223 |  | 3 |  | 226 | 1 |  | 0 |
| General Motors Co.  | General Motors Co.  | General Motors Co.  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.750 | 0.750 |  | 2100 | 299 |  | (45) |  | 254 | 1 |  | 0 |
| Goldman Sachs Group, Inc.  | Goldman Sachs Group, Inc.  | Goldman Sachs Group, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.321 | 0.321 |  | 6900 | 43 |  | 4 |  | 47 | 0 |  | 0 |
| Morgan Stanley  | Morgan Stanley  | Morgan Stanley  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2025 | 12/20/2025 | 0.241 | 0.241 |  | 2800 | 10 |  | 1 |  | 11 | 0 |  | 0 |
| Morgan Stanley  | Morgan Stanley  | Morgan Stanley  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 0.290 | 0.290 |  | 7600 | 48 |  | 6 |  | 54 | 0 |  | 0 |
| T-Mobile USA, Inc.  | T-Mobile USA, Inc.  | T-Mobile USA, Inc.  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.263 | 0.263 |  | 700 | 120 |  | (25) |  | 95 | 1 |  | 0 |
| Volkswagen International Finance NV  | Volkswagen International Finance NV  | Volkswagen International Finance NV  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 0.755 | 0.755 |  | 1000 | 8 |  | 1 |  | 9 | 1 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2673 | 2673 | 28 | 28 | 2701 | 7 | 7 | (2) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Asset |  | Liability |
| CDX.IG-41 5-Year Index  | CDX.IG-41 5-Year Index  | CDX.IG-41 5-Year Index  | CDX.IG-41 5-Year Index  | 1.000% | 1.000% | 1.000% | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 12/20/2028 | $ | 9300 | 98 | $ | 107 | $ | 205 | 3 | $ | 0 |
| CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 |  | 111700 | 2435 |  | 114 |  | 2549 | 56 |  | 0 |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 |  | 633200 | 10439 |  | 3778 |  | 14217 | 350 |  | 0 |
| CDX.iTraxx Main 43 5-Year Index  | CDX.iTraxx Main 43 5-Year Index  | CDX.iTraxx Main 43 5-Year Index  | CDX.iTraxx Main 43 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 | EUR | 13100 | 287 |  | 47 |  | 334 | 13 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 13259 | $ | 4046 | $ | 17305 | 422 | $ | 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** | **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 | Floating Rate Index | Fixed Rate | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Asset | Liability |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750% | 3.750% | 3.750% | Annual | Annual | 12/18/2029 | $ | 43800 | $(815) | (815) | $344 | 344 | (471) | $0 | 0 | $(64) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.842 | 3.842 | 3.842 | Annual | Annual | 03/04/2030 |  | 3500 | (7) | (7) | (52) | (52) | (59) | 0 | 0 | (5) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | 3.250 | Annual | Annual | 06/18/2030 |  | 66450 | 982 | 982 | (441) | (441) | 541 | 0 | 0 | (110) |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | 3.750 | Annual | Annual | 05/15/2032 |  | 54616 | (54) | (54) | (781) | (781) | (835) | 0 | 0 | (141) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | 3.750 | Annual | Annual | 12/18/2034 |  | 64220 | (287) | (287) | 49 | 49 | (238) | 0 | 0 | (240) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.874 | 3.874 | 3.874 | Annual | Annual | 03/05/2035 |  | 2100 | (7) | (7) | (25) | (25) | (32) | 0 | 0 | (8) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.899 | 3.899 | 3.899 | Annual | Annual | 03/11/2035 |  | 2200 | (8) | (8) | (30) | (30) | (38) | 0 | 0 | (9) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.975 | 3.975 | 3.975 | Annual | Annual | 03/21/2035 |  | 2500 | (7) | (7) | (52) | (52) | (59) | 0 | 0 | (10) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.930 | 3.930 | 3.930 | Annual | Annual | 03/24/2035 |  | 4300 | (13) | (13) | (72) | (72) | (85) | 0 | 0 | (17) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.884 | 3.884 | 3.884 | Annual | Annual | 03/25/2035 |  | 2200 | (6) | (6) | (29) | (29) | (35) | 0 | 0 | (9) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | 3.500 | 3.500 | Annual | Annual | 06/20/2054 |  | 9900 | 404 | 404 | 321 | 321 | 725 | 0 | 0 | (75) |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.250 | 2.250 | 2.250 | Annual | Annual | 09/17/2030 | EUR | 1770 | (25) | (25) | 22 | 22 | (3) | 0 | 0 | (2) |
| Receive | Receive | CAONREPO | CAONREPO | CAONREPO | CAONREPO | 3.000 | 3.000 | 3.000 | Semi-Annual | Semi-Annual | 06/01/2034 | CAD | 2300 | 5 | 5 | (19) | (19) | (14) | 0 | 0 | (5) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 162 | $ | (765) | $ | (603) | 0 | $ | (695) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **16094** | **$** | **3309** | **$** | **19403** | **429** | **$** | **(697)** |
| **(k)** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $36,017 and cash of $8,604 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** |
| <sup>(1)</sup> | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. | Future styled option variation margin asset of $3 and liability of $(2) is outstanding at period end. |

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<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

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|:---|:---|:---|:---|:---|:---|:---|:---|
| <sup>(</sup><sup>2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(l)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 07/2025  | 4315 | $599 | 599 | 0 | $(5) |
|  |  | 07/2025  | $2258 | 3475 | 3475 | 30 | 0 |
|  |  | 07/2025  | 56182 | 47983 | 47983 | 339 | 0 |
|  |  | 08/2025  | 3475 | $2259 | 2259 | 0 | (30) |
|  |  | 08/2025  | 7077 | 985 | 985 | 0 | (7) |
|  |  | 08/2025  | 47983 | 56305 | 56305 | 0 | (339) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 07/2025  | 51291 | 58320 | 58320 | 0 | (2098) |
|  |  | 07/2025  | 3000 | 826 | 826 | 0 | (21) |
|  |  | 07/2025  | $1167 | 1019 | 1019 | 34 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 07/2025  | 6666 | 5841 | 5841 | 214 | 0 |
|  |  | 07/2025  | 7977 | 5863 | 5863 | 71 | 0 |
|  |  | 07/2025  | 2 | 332 | 332 | 0 | 0 |
|  |  | 08/2025  | 5863 | $7978 | 7978 | 0 | (71) |
|  |  | 08/2025  | $4 | 516 | 516 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 07/2025  | 840 | 2998 | 2998 | 6 | 0 |
|  |  | 09/2025  | 3005 | $840 | 840 | 0 | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 07/2025  | $6074 | 4979 | 4979 | 201 | 0 |
|  |  | 08/2025  | 1362 | $190 | 190 | 0 | (2) |
|  |  | 08/2025  | $16014 | 1379923 | 1379923 | 55 | (3) |
|  |  | 09/2025  | 3005 | 57879 | 57879 | 55 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 07/2025  | 3475 | $2242 | 2242 | 0 | (45) |
|  |  | 07/2025  | 4994 | 6064 | 6064 | 0 | (229) |
|  |  | 07/2025  | 2195 | 306 | 306 | 0 | (2) |
|  |  | 07/2025  | 104698 | 719 | 719 | 0 | (8) |
|  |  | 07/2025  | 62660 | 6542 | 6542 | 0 | (81) |
|  |  | 07/2025  | $18 | 15 | 15 | 0 | 0 |
|  |  | 07/2025  | 1278 | 183329 | 183329 | 0 | (5) |
|  |  | 08/2025  | 15 | $18 | 18 | 0 | 0 |
|  |  | 08/2025  | 3091 | 432 | 432 | 0 | (1) |
|  |  | 08/2025  | $1918 | 165863 | 165863 | 13 | 0 |
|  |  | 08/2025  | 719 | 104313 | 104313 | 8 | 0 |
|  |  | 09/2025  | 5016 | 97660 | 97660 | 147 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 07/2025  | 4159 | $576 | 576 | 0 | (5) |
|  |  | 07/2025  | $94 | 129 | 129 | 1 | 0 |
|  |  | 07/2025  | 6520 | 62783 | 62783 | 116 | 0 |
|  |  | 08/2025  | 14463 | $2018 | 2018 | 0 | (10) |
|  |  | 08/2025  | $1330 | 115296 | 115296 | 12 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 07/2025  | 17308 | $12601 | 12601 | 0 | (108) |
|  |  | 07/2025  | 1994 | 277 | 277 | 0 | (2) |
|  |  | 07/2025  | 3552 | 4060 | 4060 | 0 | (124) |
|  |  | 07/2025  | $13826 | 19005 | 19005 | 130 | 0 |
|  |  | 07/2025  | 56 | 8042 | 8042 | 0 | 0 |
|  |  | 08/2025  | 18973 | $13826 | 13826 | 0 | (131) |
|  |  | 08/2025  | 1999 | 277 | 277 | 0 | (4) |
|  |  | 08/2025  | $19 | 2743 | 2743 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 07/2025  | 1819 | $1330 | 1330 | 0 | (6) |
|  |  | 07/2025  | 81431 | 562 | 562 | 0 | (4) |
|  |  | 07/2025  | $29 | 4141 | 4141 | 0 | 0 |
|  |  | 08/2025  | 3150 | $440 | 440 | 0 | (2) |
|  |  | 08/2025  | $562 | 81131 | 81131 | 4 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 07/2025  | 9148 | $63 | 63 | 0 | 0 |
|  |  | 08/2025  | 5427 | 760 | 760 | 0 | (1) |
|  |  | 08/2025  | $1353 | 116197 | 116197 | 0 | (1) |
|  |  | 08/2025  | 63 | 9115 | 9115 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 07/2025  | 5863 | $7939 | 7939 | 0 | (109) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 07/2025  | $19 | 2702 | 2702 | 0 | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | **$** | **(3461)** |

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<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **WRITTEN** **OPTIONS:** | **WRITTEN** **OPTIONS:** | **WRITTEN** **OPTIONS:** | **WRITTEN** **OPTIONS:** | **WRITTEN** **OPTIONS:** | **WRITTEN** **OPTIONS:** | **WRITTEN** **OPTIONS:** | **WRITTEN** **OPTIONS:** | **WRITTEN** **OPTIONS:** | **WRITTEN** **OPTIONS:** |
| **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** |
| Counterparty | Description | Description | Buy/Sell<br>Protection | Buy/Sell<br>Protection | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| JPM | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | Sell | 1.000% | 07/16/2025 | 4300 | $(5) | $0 |
| RBC | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | Sell | 0.850 | 07/16/2025 | 4800 | (6) | (1) |
|  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | Sell | 0.900 | 07/16/2025 | 4200 | (5) | 0 |
|  |  |  |  |  |  |  |  | $(16) | $(1) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.770% | 07/09/2025 | 2000 | $(6) | $(18) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.120 | 07/09/2025 | 2000 | (6) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.637 | 07/18/2025 | 2200 | (7) | (11) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.037 | 07/18/2025 | 2200 | (7) | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.700 | 07/21/2025 | 2100 | (7) | (16) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.050 | 07/21/2025 | 2100 | (7) | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.555 | 07/24/2025 | 2100 | (7) | (8) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.905 | 07/24/2025 | 2100 | (7) | (4) |
| CBK | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.605 | 07/23/2025 | 2200 | (8) | (10) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.955 | 07/23/2025 | 2200 | (7) | (3) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.564 | 07/24/2025 | 2000 | (7) | (8) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.914 | 07/24/2025 | 2000 | (6) | (3) |
|  | Call - OTC 10-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | 2.380 | 07/03/2025 | 800 | (2) | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | 2.640 | 07/03/2025 | 800 | (2) | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | 2.460 | 07/16/2025 | 1300 | (4) | (1) |
|  | Put - OTC 10-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | 2.720 | 07/16/2025 | 1300 | (4) | (2) |
| FAR | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.750 | 07/03/2025 | 2600 | (10) | (18) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.100 | 07/03/2025 | 2600 | (10) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.790 | 07/09/2025 | 2500 | (8) | (26) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.140 | 07/09/2025 | 2500 | (8) | 0 |
| JPM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.772 | 07/10/2025 | 2100 | (7) | (20) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.122 | 07/10/2025 | 2100 | (7) | 0 |
| MYC | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.715 | 07/02/2025 | 2300 | (8) | (10) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.065 | 07/02/2025 | 2300 | (8) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.725 | 07/03/2025 | 3700 | (14) | (20) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.075 | 07/03/2025 | 3700 | (14) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.669 | 07/07/2025 | 3700 | (14) | (12) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.019 | 07/07/2025 | 3700 | (14) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.664 | 07/14/2025 | 2900 | (8) | (14) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.064 | 07/14/2025 | 2900 | (8) | 0 |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.697 | 07/16/2025 | 2000 | (6) | (14) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.097 | 07/16/2025 | 2000 | (6) | 0 |
|  |  |  |  |  |  |  |  | $(244) | $(221) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(260)** | $**(222)** |

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<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I (Cont.) June 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:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> |  | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| JPM | Quarterly | Quarterly | 12/20/2029 | 15751 | $ | 3107 | 312 | 3419 | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **3107** | $**312** | $**3419** | $**0** |
| **(m)** | **Securities with an aggregate market value of $2,101 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $2,101 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $2,101 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $2,101 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $2,101 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $2,101 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $2,101 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $2,101 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $2,101 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** |
| <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. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit 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. |
| **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 June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 06/30/2025 |  |
| **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 | $0 | 0 | $0 | 0 | $9000 | 9000 | 9000 |  |
| 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 | 0 | 0 | 963461 | 963461 | 9968 | 9968 | 973429 |  |
| Industrials | Industrials | 0 | 0 | 907987 | 907987 | 7656 | 7656 | 915643 |  |
| Utilities | Utilities | 0 | 0 | 258296 | 258296 | 0 | 0 | 258296 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| Arizona | Arizona | 0 | 0 | 4663 | 4663 | 0 | 0 | 4663 |  |
| Louisiana | Louisiana | 0 | 0 | 409 | 409 | 0 | 0 | 409 |  |
| Texas | Texas | 0 | 0 | 362 | 362 | 0 | 0 | 362 |  |
| U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 218827 | 218827 | 0 | 0 | 218827 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 913218 | 913218 | 0 | 0 | 913218 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 21828 | 21828 | 0 | 0 | 21828 |  |
| 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 | 0 | 0 | 8884 | 8884 | 0 | 0 | 8884 |  |
| CMBS Other | CMBS Other | 0 | 0 | 1278 | 1278 | 0 | 0 | 1278 |  |
| Other ABS | Other ABS | 0 | 0 | 94839 | 94839 | 600 | 600 | 95439 |  |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 68628 | 68628 | 0 | 0 | 68628 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |  |
| Banking & Finance | Banking & Finance | 0 | 0 | 41454 | 41454 | 0 | 0 | 41454 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 261 | 261 | 0 | 0 | 261 |  |
|  |  | $0 | 0 | $3504395 | 3504395 | $27224 | 27224 | 3531619 |  |
| **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 | $2302 | 2302 | $0 | 0 | $0 | 0 | 2302 |  |
| Total Investments | Total Investments | $2302 | 2302 | $3504395 | 3504395 | $27224 | 27224 | 3533921 |  |
| **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 | 69 | 69 | 1088 | 1088 | 0 | 0 | 1157 |  |
| Over the counter | Over the counter | 0 | 0 | 4855 | 4855 | 0 | 0 | 4855 |  |
|  |  | $69 | 69 | $5943 | 5943 | $0 | 0 | 6012 |  |
| **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 | (18) | (18) | (1164) | (1164) | 0 | 0 | (1182) |  |
| Over the counter | Over the counter | 0 | 0 | (3683) | (3683) | 0 | 0 | (3683) |  |
|  |  | $(18) | (18) | $(4847) | (4847) | $0 | 0 | (4865) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | $51 | 51 | $1096 | 1096 | $0 | 0 | 1147 |  |
| Totals | Totals | $2353 | 2353 | $3505491 | 3505491 | $27224 | 27224 | 3535068 |  |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

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<br> Schedule of Investments PIMCO Sector Fund Series - AM June 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 196.7% ¤** |  |  |
| **U.S. GOVERNMENT AGENCIES 181.8%**  |  |  |
| **Fannie Mae**  |  |  |
| 2.000% due 04/25/2052 (a) | $970 | $125 |
| 3.000% due 10/25/2051 (a) | 1977 | 355 |
| 4.300% due 12/01/2029 | 401 | 404 |
| 4.500% due 05/25/2049 (a) | 547 | 108 |
| 4.740% due 04/01/2030 | 245 | 247 |
| 4.880% due 06/01/2028 | 500 | 510 |
| 4.970% due 09/25/2041 •  | 1261 | 1253 |
| 5.140% due 02/01/2035 | 500 | 516 |
| 5.555% due 05/25/2054 •  | 3851 | 3847 |
| 5.655% due 01/25/2055 •  | 3239 | 3252 |
| 5.755% due 06/25/2054 •  | 2834 | 2853 |
| **Freddie Mac**  |  |  |
| 2.500% due 04/25/2052 (a) | 3370 | 501 |
| 3.000% due 10/25/2049 (a) | 2917 | 401 |
| 5.255% due 08/25/2054 •  | 873 | 875 |
| **Ginnie Mae**  |  |  |
| 3.500% due 10/20/2054 - 03/20/2055 | 1721 | 1569 |
| 4.500% due 07/15/2049 - 07/20/2054 | 724 | 696 |
| 5.000% due 03/20/2053 | 3049 | 3020 |
| 5.056% due 03/20/2070 •  | 342 | 341 |
| 5.099% due 01/20/2068 •  | 402 | 405 |
| 5.202% due 08/20/2072 •  | 2602 | 2599 |
| 5.352% due 08/20/2053 •  | 1673 | 1675 |
| 5.500% due 03/20/2036 - 05/20/2036 | 2191 | 2251 |
| 5.802% due 07/20/2071 •  | 936 | 959 |
| **Ginnie Mae, TBA**  |  |  |
| 2.000% due 07/01/2055 | 1000 | 815 |
| 2.500% due 08/01/2055 | 2500 | 2124 |
| 3.000% due 08/01/2055 | 5000 | 4422 |
| 3.500% due 07/01/2055 | 4165 | 3787 |
| 4.000% due 07/01/2055 | 1500 | 1395 |
| 5.000% due 07/01/2055 - 08/01/2055 | 1400 | 1375 |
| 6.500% due 08/01/2055 - 09/01/2055 | 2000 | 2048 |
| **Uniform Mortgage-Backed Security**  |  |  |
| 1.000% due 04/01/2043 - 08/01/2051 | 544 | 524 |
| 4.500% due 12/01/2052 - 01/01/2053 (c) | 8504 | 8147 |
| 5.000% due 11/01/2053 (c) | 4216 | 4143 |
| 5.500% due 04/01/2054 (c)  | 1668 | 1669 |
| 5.500% due 07/01/2054 | 1703 | 1720 |
| 6.000% due 05/01/2054 - 04/01/2055 | 7597 | 7788 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 2.000% due 07/01/2040 - 07/01/2055 | 8800 | 7115 |
| 2.500% due 07/01/2040 - 08/01/2055 | 4300 | 3619 |
| 3.000% due 07/01/2055 | 6500 | 5625 |
| 3.500% due 07/01/2040 - 08/01/2055 | 3000 | 2798 |
| 6.000% due 08/01/2055 | 1700 | 1726 |
| 6.500% due 08/01/2055 | 4400 | 4537 |
| Total U.S. Government Agencies (Cost $93,338) |  | 94139 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 14.5%**  |  |  |
| **ACRA Trust** <br>5.608% due 10/25/2064 þ | 1863 | 1865 |
| **Citigroup Mortgage Loan Trust** <br>5.655% due 07/25/2054 •  | 2023 | 2032 |
| **MFA Trust** <br>4.250% due 02/25/2066 ~ | 1806 | 1733 |
| **New York Mortgage Trust Loan Trust** <br>5.379% due 06/25/2069 ~ | 1878 | 1878 |
| Total Non-Agency Mortgage-Backed Securities (Cost $7,474) |  | 7508 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.4%**  |  |  |
| **MUTUAL FUNDS 0.4%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 4.380% **(b)** | 187257 | 187 |

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<br> Schedule of Investments PIMCO Sector Fund Series - AM (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Short-Term Instruments (Cost $187) |  | 187 |
| Total Investments in Securities (Cost $101,000) |  | 101834 |
| **INVESTMENTS IN AFFILIATES 1.9%**  |  |  |
| **SHORT-TERM INSTRUMENTS 1.9%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 1.9%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 100931 | 983 |
| Total Short-Term Instruments (Cost $983) |  | 983 |
| Total Investments in Affiliates (Cost $983) |  | 983 |
| Total Investments 198.6% (Cost $101,982) |  | $102817 |
| **Financial Derivative Instruments (d)(e) 0.3**%(Cost or Premiums, net $289) |  | 151 |
| Other Assets and Liabilities, net (98.9)% |  | (51200) |
| Net Assets 100.0% |  | $51768 |

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------

<br> Schedule of Investments PIMCO Sector Fund Series - AM (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **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** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> |  | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| FAR | FAR | FAR | 4.460%  | 06/12/2025 | 06/12/2025 | 06/12/2025 | 07/14/2025 | 07/14/2025 | 07/14/2025 | 07/14/2025 | (10133) | (10133) | $ | (10157) | (10157) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  | **$** | **(10157)** | **(10157)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Coupon | Coupon | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds |  | Payable for<br>Short Sales |
| U.S. Government Agencies (26.5)% | U.S. Government Agencies (26.5)% | U.S. Government Agencies (26.5)% | U.S. Government Agencies (26.5)% | U.S. Government Agencies (26.5)% | U.S. Government Agencies (26.5)% | U.S. Government Agencies (26.5)% | U.S. Government Agencies (26.5)% | U.S. Government Agencies (26.5)% | U.S. Government Agencies (26.5)% | U.S. Government Agencies (26.5)% | U.S. Government Agencies (26.5)% | U.S. Government Agencies (26.5)% | U.S. Government Agencies (26.5)% | U.S. Government Agencies (26.5)% | U.S. Government Agencies (26.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | 4.500% | 4.500% | 07/01/2055 | 07/01/2055 | $ | 100 | $ | (94) | $ | (96) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae, TBA  | 5.500 | 5.500 | 07/01/2055 | 07/01/2055 |  | 1000 |  | (989) |  | (1002) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.000 | 4.000 | 07/01/2055 | 07/01/2055 |  | 500 |  | (464) |  | (465) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.000 | 4.000 | 08/01/2055 | 08/01/2055 |  | 1900 |  | (1749) |  | (1766) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.500 | 4.500 | 08/01/2055 | 08/01/2055 |  | 6300 |  | (6013) |  | (6024) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.000 | 5.000 | 07/01/2055 | 07/01/2055 |  | 1700 |  | (1644) |  | (1666) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 5.500 | 5.500 | 08/01/2055 | 08/01/2055 |  | 2700 |  | (2682) |  | (2698) |
| **Total Short Sales (26.5)%** | **Total Short Sales (26.5)%** | **Total Short Sales (26.5)%** | **Total Short Sales (26.5)%** | **Total Short Sales (26.5)%** | **Total Short Sales (26.5)%** |  |  |  |  |  |  | **$** | **(13635)** | **$** | **(13717)** |
| **(c)** | **Securities with an aggregate market value of $10,695 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $10,695 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $10,695 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $10,695 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $10,695 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $10,695 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $10,695 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $10,695 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $10,695 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $10,695 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $10,695 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $10,695 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $10,695 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $10,695 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $10,695 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended June 30, 2025 was $(9148) at a weighted average interest rate of 4.471%. 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 June 30, 2025 was $(9148) at a weighted average interest rate of 4.471%. 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 June 30, 2025 was $(9148) at a weighted average interest rate of 4.471%. 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 June 30, 2025 was $(9148) at a weighted average interest rate of 4.471%. 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 June 30, 2025 was $(9148) at a weighted average interest rate of 4.471%. 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 June 30, 2025 was $(9148) at a weighted average interest rate of 4.471%. 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 June 30, 2025 was $(9148) at a weighted average interest rate of 4.471%. 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 June 30, 2025 was $(9148) at a weighted average interest rate of 4.471%. 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 June 30, 2025 was $(9148) at a weighted average interest rate of 4.471%. 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 June 30, 2025 was $(9148) at a weighted average interest rate of 4.471%. 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 June 30, 2025 was $(9148) at a weighted average interest rate of 4.471%. 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 June 30, 2025 was $(9148) at a weighted average interest rate of 4.471%. 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 June 30, 2025 was $(9148) at a weighted average interest rate of 4.471%. 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 June 30, 2025 was $(9148) at a weighted average interest rate of 4.471%. 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 June 30, 2025 was $(9148) at a weighted average interest rate of 4.471%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| **(d)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset |  | Liability |
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 09/2025 | 09/2025 | 38 | (4142) | (4142) | (4142) | (4142) | $(46) | (46) | (46) | 0 | 0 | $ | (5) |
| U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | 09/2025 | 09/2025 | 58 | (6503) | (6503) | (6503) | (6503) | (92) | (92) | (92) | 0 | 0 |  | (18) |
| **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** | **(138)** | **(138)** | **$** | **0** | **$** | **$** | **(23)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **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** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | Annual | 12/18/2029 | $ | 3500 | $11 | 11 | $ | $ | (23) | (23) | (12) | (12) | 2 | 2 | $(3) |
| Pay | Annual | 12/18/2034 |  | 4100 | 36 | 36 |  |  | (24) | (24) | 12 | 12 | 16 | 16 | 0 |

---

------

<br> Schedule of Investments PIMCO Sector Fund Series - AM (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | Annual | 03/19/2035 |  | 600 | 600 |  | 39 | 39 |  | (16) | (16) |  | 23 | 23 |  | 0 |  | (2) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | Annual | 06/18/2035 |  | 900 | 900 |  | 30 | 30 |  | 4 | 4 |  | 34 | 34 |  | 0 |  | (4) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | Annual | 12/18/2054 |  | 200 | 200 |  | (2) | (2) |  | 18 | 18 |  | 16 | 16 |  | 0 |  | (2) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **$** | **114** | **114** | $**(41)** | **(41)** | **(41)** | $**73** | **73** | **73** | $**18** | **18** | $**(11)** | **(11)** |
| <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $411 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** |
| **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Description | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost | Cost | Market<br>Value | Market<br>Value |
| BOA | BOA | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.368% | 3.368% | 3.368% | 09/04/2025 | 09/04/2025 | 09/04/2025 | 1900 | 1900 | 1900 | $9 | 9 | 9 | 12 | 12 |
|  |  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.265 | 4.265 | 4.265 | 05/01/2035 | 05/01/2035 | 05/01/2035 | 200 | 200 | 200 | 18 | 18 | 18 | 17 | 17 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.265 | 4.265 | 4.265 | 05/01/2035 | 05/01/2035 | 05/01/2035 | 200 | 200 | 200 | 18 | 18 | 18 | 18 | 18 |
|  |  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.470 | 4.470 | 4.470 | 06/04/2035 | 06/04/2035 | 06/04/2035 | 100 | 100 | 100 | 9 | 9 | 9 | 9 | 9 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.470 | 4.470 | 4.470 | 06/04/2035 | 06/04/2035 | 06/04/2035 | 100 | 100 | 100 | 9 | 9 | 9 | 9 | 9 |
| CBK | CBK | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 5.000 | 5.000 | 5.000 | 10/08/2025 | 10/08/2025 | 10/08/2025 | 10000 | 10000 | 10000 | 15 | 15 | 15 | 1 | 1 |
| FAR | FAR | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 5.000 | 5.000 | 5.000 | 07/11/2025 | 07/11/2025 | 07/11/2025 | 6300 | 6300 | 6300 | 8 | 8 | 8 | 0 | 0 |
|  |  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 5.000 | 5.000 | 5.000 | 04/03/2026 | 04/03/2026 | 04/03/2026 | 3900 | 3900 | 3900 | 13 | 13 | 13 | 6 | 6 |
| GLM | GLM | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.310 | 4.310 | 4.310 | 04/24/2035 | 04/24/2035 | 04/24/2035 | 200 | 200 | 200 | 17 | 17 | 17 | 17 | 17 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.310 | 4.310 | 4.310 | 04/24/2035 | 04/24/2035 | 04/24/2035 | 200 | 200 | 200 | 17 | 17 | 17 | 18 | 18 |
|  |  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.430 | 4.430 | 4.430 | 05/16/2035 | 05/16/2035 | 05/16/2035 | 200 | 200 | 200 | 18 | 18 | 18 | 18 | 18 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.430 | 4.430 | 4.430 | 05/16/2035 | 05/16/2035 | 05/16/2035 | 200 | 200 | 200 | 18 | 18 | 18 | 18 | 18 |
| JPM | JPM | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.285 | 4.285 | 4.285 | 05/07/2035 | 05/07/2035 | 05/07/2035 | 200 | 200 | 200 | 18 | 18 | 18 | 17 | 17 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.285 | 4.285 | 4.285 | 05/07/2035 | 05/07/2035 | 05/07/2035 | 200 | 200 | 200 | 18 | 18 | 18 | 18 | 18 |
| MYC | MYC | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 5.000 | 5.000 | 5.000 | 09/30/2025 | 09/30/2025 | 09/30/2025 | 6900 | 6900 | 6900 | 4 | 4 | 4 | 1 | 1 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $209 | 209 | 209 | 179 | 179 |
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Counterparty | Description | Description | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date |  |  | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost | Cost | Market<br>Value | Market<br>Value |
| BOA | BOA | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  | $ | $95.359 | 95.359 | 07/07/2025 | 07/07/2025 | 07/07/2025 |  |  | $500 | 500 | 500 | $1 | 1 | 1 | 0 | 0 |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 09/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 09/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 09/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 09/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 09/01/2055  |  | 98.719 | 98.719 | 09/08/2025 | 09/08/2025 | 09/08/2025 |  |  | 500 | 500 | 500 | 1 | 1 | 1 | 0 | 0 |
| GSC | GSC | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  |  | 94.844 | 94.844 | 07/07/2025 | 07/07/2025 | 07/07/2025 |  |  | 500 | 500 | 500 | 2 | 2 | 2 | 0 | 0 |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  |  | 95.289 | 95.289 | 07/07/2025 | 07/07/2025 | 07/07/2025 |  |  | 500 | 500 | 500 | 1 | 1 | 1 | 0 | 0 |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 07/01/2055  |  | 97.281 | 97.281 | 07/07/2025 | 07/07/2025 | 07/07/2025 |  |  | 500 | 500 | 500 | 1 | 1 | 1 | 0 | 0 |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 07/01/2055  |  | 97.352 | 97.352 | 07/07/2025 | 07/07/2025 | 07/07/2025 |  |  | 500 | 500 | 500 | 1 | 1 | 1 | 0 | 0 |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 08/01/2055  |  | 96.695 | 96.695 | 08/06/2025 | 08/06/2025 | 08/06/2025 |  |  | 500 | 500 | 500 | 1 | 1 | 1 | 0 | 0 |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 09/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 09/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 09/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 09/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 5.500% due 09/01/2055  |  | 96.738 | 96.738 | 09/08/2025 | 09/08/2025 | 09/08/2025 |  |  | 500 | 500 | 500 | 1 | 1 | 1 | 1 | 1 |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  |  | 98.277 | 98.277 | 08/06/2025 | 08/06/2025 | 08/06/2025 |  |  | 500 | 500 | 500 | 1 | 1 | 1 | 0 | 0 |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  |  | 98.508 | 98.508 | 08/06/2025 | 08/06/2025 | 08/06/2025 |  |  | 500 | 500 | 500 | 1 | 1 | 1 | 0 | 0 |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  |  | 98.559 | 98.559 | 08/06/2025 | 08/06/2025 | 08/06/2025 |  |  | 500 | 500 | 500 | 1 | 1 | 1 | 0 | 0 |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 08/01/2055  |  | 98.629 | 98.629 | 08/06/2025 | 08/06/2025 | 08/06/2025 |  |  | 500 | 500 | 500 | 1 | 1 | 1 | 0 | 0 |
|  |  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 09/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 09/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 09/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 09/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 09/01/2055  |  | 99.141 | 99.141 | 09/08/2025 | 09/08/2025 | 09/08/2025 |  |  | 500 | 500 | 500 | 1 | 1 | 1 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Sector Fund Series - AM (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 09/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 6.000% due 09/01/2055  | 99.156 | 99.156 | 99.156 | 09/08/2025 | 09/08/2025 |  | 500 | 500 | 1 | 1 | 0 |
| JPM | Call - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  | Call - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 07/01/2055  | 98.438 | 98.438 | 98.438 | 07/07/2025 | 07/07/2025 |  | 500 | 500 | 1 | 1 | 1 |
|  |  |  |  |  |  |  |  |  |  |  | $16 | 16 | $2 |
| **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** | $**225** | **225** | $**181** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value |
| BOA | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.943% | 3.943% | 07/07/2025 | 07/07/2025 | 500 | 500 | $(1) | (1) | $0 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 4.053 | 4.053 | 07/07/2025 | 07/07/2025 | 500 | 500 | (1) | (1) | 0 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 4.236 | 4.236 | 08/06/2025 | 08/06/2025 | 400 | 400 | (1) | (1) | 0 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 4.368 | 4.368 | 08/06/2025 | 08/06/2025 | 400 | 400 | (1) | (1) | 0 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.968 | 3.968 | 09/04/2025 | 09/04/2025 | 1500 | 1500 | (9) | (9) | (3) |
| BPS | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 4.215 | 4.215 | 08/06/2025 | 08/06/2025 | 400 | 400 | (1) | (1) | 0 |
| FAR | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 2.980 | 2.980 | 07/03/2025 | 07/03/2025 | 3000 | 3000 | (13) | (13) | 0 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.245 | 3.245 | 07/07/2025 | 07/07/2025 | 300 | 300 | (1) | (1) | 0 |
|  | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.550 | 3.550 | 07/11/2025 | 07/11/2025 | 1000 | 1000 | (8) | (8) | (5) |
| GLM | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 4.270 | 4.270 | 08/06/2025 | 08/06/2025 | 400 | 400 | (1) | (1) | 0 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 4.287 | 4.287 | 08/06/2025 | 08/06/2025 | 400 | 400 | (1) | (1) | 0 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 4.257 | 4.257 | 09/08/2025 | 09/08/2025 | 400 | 400 | (1) | (1) | 0 |
| JPM | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.967 | 3.967 | 07/07/2025 | 07/07/2025 | 500 | 500 | (1) | (1) | 0 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.984 | 3.984 | 07/07/2025 | 07/07/2025 | 300 | 300 | (1) | (1) | 0 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.993 | 3.993 | 07/07/2025 | 07/07/2025 | 400 | 400 | (1) | (1) | 0 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 4.096 | 4.096 | 09/08/2025 | 09/08/2025 | 300 | 300 | (1) | (1) | 0 |
|  | Put - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 4.106 | 4.106 | 09/08/2025 | 09/08/2025 | 300 | 300 | (1) | (1) | 0 |
| MYC | Call - OTC 7-Year Interest Rate Swap  | 3-Month USD-SOFR | Receive | Receive | 3.453 | 3.453 | 09/30/2025 | 09/30/2025 | 500 | 500 | (4) | (4) | (5) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 4.317 | 4.317 | 09/08/2025 | 09/08/2025 | 400 | 400 | (2) | (2) | (1) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(50)** | **(50)** | $**(14)** |
| 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** |
| **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |
| **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** |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | 0 | 0 | $94139 | 94139 | $0 | 0 | $94139 | 94139 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 0 | 7508 | 7508 | 0 | 0 | 7508 | 7508 |
| 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 | 0 | 0 | 0 | 0 | 187 | 187 | 0 | 0 | 187 | 187 |
|  |  |  |  | $0 | 0 | 0 | 0 | $101834 | 101834 | $0 | 0 | $101834 | 101834 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $983 | 983 | 983 | 983 | $0 | 0 | $0 | 0 | $983 | 983 |
| Total Investments | Total Investments | Total Investments | Total Investments | $983 | 983 | 983 | 983 | $101834 | 101834 | $0 | 0 | $102817 | 102817 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | 0 | 0 | $(13717) | (13717) | $0 | 0 | $(13717) | (13717) |
| **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 | 0 | 0 | 0 | 0 | 18 | 18 | 0 | 0 | 18 | 18 |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | 181 | 181 | 0 | 0 | 181 | 181 |
|  |  |  |  | $0 | 0 | 0 | 0 | $199 | 199 | $0 | 0 | $199 | 199 |

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------

<br> Schedule of Investments PIMCO Sector Fund Series - AM (Cont.) June 30, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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 | (34) | 0 | (34) |
| Over the counter | 0 | (14) | 0 | (14) |
|  | $0 | $(48) | $0 | $(48) |
| Total Financial Derivative Instruments | $0 | $151 | $0 | $151 |
| Totals | $983 | $88268 | $0 | $89251 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

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------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – H June 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 92.3% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 5.6%**  |  |  |
| **Aspire Bakeries Holdings LLC**<br>8.572% (TSFR1M + 4.250%) due 12/23/2030 ~ | $99 | $100 |
| **Camelot U.S. Acquisition LLC**<br>TBD% due 01/31/2031 | 75 | 75 |
| **Clearwater Analytics LLC**<br>6.529% (TSFR3M + 2.250%) due 04/21/2032 ~ | 100 | 100 |
| **Clover Holdings 2 LLC**  |  |  |
| TBD% due 12/10/2029 µ | 20 | 20 |
| 8.307% (TSFR3M + 4.000%) due 12/09/2031 ~ | 200 | 201 |
| **Cotiviti Corp.**  |  |  |
| 7.074% (TSFR1M + 2.750%) due 05/01/2031 ~ | 74 | 74 |
| 7.074% (TSFR1M + 2.750%) due 03/26/2032 ~ | 50 | 50 |
| **Fortress Intermediate, Inc.**<br>7.827% (TSFR1M + 3.500%) due 06/27/2031 **«**~ | 99 | 100 |
| **GFL Environmental, Inc.**<br>6.824% (TSFR3M + 2.500%) due 03/03/2032 ~ | 125 | 125 |
| **INEOS Quattro Holdings U.K. Ltd.**<br>8.677% (TSFR1M + 4.250%) due 04/02/2029 ~ | 25 | 23 |
| **Kaseya, Inc.**<br>7.577% (TSFR1M + 3.250%) due 03/20/2032 ~ | 75 | 75 |
| **LifePoint Health, Inc.**<br>7.820% (TSFR3M + 3.500%) due 05/19/2031 ~ | 50 | 49 |
| **Modena Buyer LLC**<br>8.780% (TSFR3M + 4.500%) due 07/01/2031 ~ | 25 | 24 |
| **MPH Acquisition Holdings LLC**<br>8.030% (TSFR3M + 3.750%) due 12/31/2030 ~ | 4 | 4 |
| **Neptune Bidco U.S., Inc.**<br>9.330% (TSFR3M + 5.000%) due 04/11/2029 ~ | 75 | 72 |
| **Novelis Corp.**<br>6.296% (TSFR3M + 2.000%) due 03/11/2032 ~ | 75 | 75 |
| **Primo Brands Corp.**<br>6.546% (TSFR3M + 2.250%) due 03/31/2028 ~ | 99 | 99 |
| **QualityTech LP**<br>7.813% (TSFR1M + 3.500%) due 10/30/2031 «~ | 100 | 101 |
| **Scientific Games Holdings LP**<br>7.285% (TSFR3M + 3.000%) due 04/04/2029 ~ | 25 | 25 |
| **Specialty Building Products Holdings LLC**<br>8.177% (TSFR1M + 3.750%) due 10/15/2028 ~ | 50 | 48 |
| **Stepstone Group MidCo 2 GmbH**<br>8.608% - 8.651% (TSFR3M + 4.500%) due 12/19/2031 | 100 | 97 |
| **TK Elevator Midco GmbH**<br>7.237% due 04/30/2030 ~ | 50 | 50 |
| **Twitter, Inc.**<br>10.927% (TSFR1M + 6.500%) due 10/26/2029 ~ | 99 | 97 |
| **U.S. Renal Care, Inc.**<br>9.441% (TSFR1M + 5.000%) due 06/20/2028 ~ | 99 | 94 |
| **UKG, Inc.**<br>7.311% (TSFR1M + 3.000%) due 02/10/2031 ~ | 50 | 50 |
| **VEON Amsterdam BV**<br>8.531% - 10.750% (TSFR3M + 3.250%) due 03/25/2027 «~ | 75 | 75 |
| **Vista Management Holding, Inc.**<br>8.048% (TSFR3M + 3.750%) due 04/01/2031 ~ | 50 | 50 |
| **Vistra Zero Operating Co. LLC**<br>6.327% (TSFR1M + 2.000%) due 04/30/2031 ~ | 100 | 98 |
| Total Loan Participations and Assignments (Cost $2,046) |  | 2051 |
| **CORPORATE BONDS & NOTES 77.0%**  |  |  |
| **BANKING & FINANCE 14.1%**  |  |  |
| **Acrisure LLC** <br>6.750% due 07/01/2032 | 50 | 51 |
| **Alliant Holdings Intermediate LLC**  |  |  |
| 6.500% due 10/01/2031  | 25 | 25 |
| 7.000% due 01/15/2031  | 75 | 78 |
| **Allied Universal Holdco LLC** <br>4.625% due 06/01/2028 | 100 | 97 |
| **Ally Financial, Inc.**  |  |  |
| 5.543% due 01/17/2031 •  | 50 | 51 |
| 8.000% due 11/01/2031  | 50 | 57 |
| **Boost Newco Borrower LLC** <br>7.500% due 01/15/2031 | 250 | 265 |

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<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – H (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Brandywine** **Operating Partnership LP** <br>8.875% due 04/12/2029 | 25 | 27 |
| **Brookfield Property REIT, Inc.** <br>4.500% due 04/01/2027 | 50 | 49 |
| **Burford Capital Global Finance LLC** <br>6.875% due 04/15/2030 | 100 | 100 |
| **Credit Acceptance Corp.**  |  |  |
| 6.625% due 03/15/2030  | 100 | 101 |
| 9.250% due 12/15/2028  | 25 | 26 |
| **Cushman & Wakefield U.S. Borrower LLC** <br>6.750% due 05/15/2028 | 75 | 76 |
| **Encore Capital Group, Inc.**  |  |  |
| 8.500% due 05/15/2030  | 100 | 107 |
| 9.250% due 04/01/2029  | 25 | 27 |
| **Ford Motor Credit Co. LLC** <br>5.918% due 03/20/2028 | 200 | 202 |
| **Fortress Transportation & Infrastructure Investors LLC**  |  |  |
| 5.500% due 05/01/2028  | 75 | 75 |
| 5.875% due 04/15/2033  | 50 | 49 |
| 7.000% due 05/01/2031  | 100 | 104 |
| **Freedom Mortgage Corp.** <br>12.000% due 10/01/2028 | 100 | 108 |
| **Freedom Mortgage Holdings LLC**  |  |  |
| 8.375% due 04/01/2032  | 50 | 51 |
| 9.125% due 05/15/2031  | 50 | 52 |
| **HAT Holdings LLC** <br>3.375% due 06/15/2026 | 22 | 21 |
| **Hudson Pacific Properties LP** <br>3.950% due 11/01/2027 | 50 | 48 |
| **Icahn Enterprises LP**  |  |  |
| 5.250% due 05/15/2027  | 75 | 73 |
| 9.000% due 06/15/2030  | 25 | 23 |
| **Intesa Sanpaolo SpA** <br>4.198% due 06/01/2032 •  | 75 | 69 |
| **Jane Street Group**  |  |  |
| 6.125% due 11/01/2032  | 75 | 76 |
| 6.750% due 05/01/2033  | 25 | 26 |
| 7.125% due 04/30/2031  | 150 | 158 |
| **Jefferson Capital Holdings LLC** <br>8.250% due 05/15/2030 | 50 | 52 |
| **Kennedy-Wilson, Inc.** <br>4.750% due 03/01/2029 | 50 | 47 |
| **Ladder Capital Finance Holdings LLLP** <br>4.750% due 06/15/2029 | 50 | 49 |
| **LFS Topco LLC** <br>5.875% due 10/15/2026 | 75 | 75 |
| **Midcap Financial Issuer Trust** <br>6.500% due 05/01/2028 | 50 | 50 |
| **Nationstar Mortgage Holdings, Inc.** <br>7.125% due 02/01/2032 | 125 | 130 |
| **Navient Corp.** <br>5.000% due 03/15/2027 | 25 | 25 |
| **Newmark Group, Inc.** <br>7.500% due 01/12/2029 | 75 | 79 |
| **OneMain Finance Corp.**  |  |  |
| 3.500% due 01/15/2027  | 350 | 343 |
| 6.625% due 05/15/2029  | 125 | 128 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (d) | 75 | 53 |
| **Panther Escrow Issuer LLC** <br>7.125% due 06/01/2031 | 150 | 156 |
| **Park Intermediate Holdings LLC** <br>4.875% due 05/15/2029 | 75 | 73 |
| **Paysafe Finance PLC** <br>4.000% due 06/15/2029 | 75 | 69 |
| **Pebblebrook Hotel LP** <br>6.375% due 10/15/2029 | 50 | 50 |
| **PennyMac Financial Services, Inc.**  |  |  |
| 4.250% due 02/15/2029  | 125 | 120 |
| 7.125% due 11/15/2030  | 50 | 52 |
| **PRA Group, Inc.** <br>8.875% due 01/31/2030 | 75 | 77 |
| **Rfna LP** <br>7.875% due 02/15/2030 | 50 | 51 |
| **RHP Hotel Properties LP** <br>4.750% due 10/15/2027 | 75 | 75 |
| **RLJ Lodging Trust LP** <br>4.000% due 09/15/2029 | 75 | 70 |
| **Rocket Cos., Inc.** <br>6.125% due 08/01/2030 | 50 | 51 |
| **Rocket Mortgage LLC** <br>2.875% due 10/15/2026 | 125 | 122 |
| **SBA Communications Corp.** <br>3.875% due 02/15/2027 | 100 | 98 |
| **Service Properties Trust** <br>5.500% due 12/15/2027 | 100 | 99 |

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<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – H (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **SLM** **Corp.**  |  |  |
| 3.125% due 11/02/2026  | 125 | 123 |
| 6.500% due 01/31/2030  | 175 | 184 |
| **Starwood Property Trust, Inc.**  |  |  |
| 6.000% due 04/15/2030  | 50 | 51 |
| 6.500% due 10/15/2030  | 25 | 26 |
| 7.250% due 04/01/2029  | 50 | 53 |
| **Stonex Escrow Issuer LLC** <br>6.875% due 07/15/2032 (a) | 50 | 50 |
| **Sunrise FinCo BV** <br>4.875% due 07/15/2031 | 25 | 24 |
| **UniCredit SpA** <br>5.459% due 06/30/2035 •  | 100 | 99 |
| **VFH Parent LLC** <br>7.500% due 06/15/2031 | 100 | 105 |
| **XHR LP** <br>6.625% due 05/15/2030 | 25 | 25 |
|  |  | 5206 |
| **INDUSTRIALS 60.4%**  |  |  |
| **AAR Escrow Issuer LLC** <br>6.750% due 03/15/2029 | 25 | 26 |
| **Acadia Healthcare Co., Inc.** <br>7.375% due 03/15/2033 | 50 | 52 |
| **Advantage Sales & Marketing, Inc.** <br>6.500% due 11/15/2028 | 25 | 20 |
| **Air Canada** <br>3.875% due 08/15/2026 | 125 | 124 |
| **Albertsons Cos., Inc.** <br>4.625% due 01/15/2027 | 100 | 99 |
| **Albion Financing SARL** <br>7.000% due 05/21/2030 | 150 | 153 |
| **Alcoa Nederland Holding BV** <br>7.125% due 03/15/2031 | 25 | 26 |
| **Allison Transmission, Inc.** <br>4.750% due 10/01/2027 | 75 | 74 |
| **Altice France Holding SA** <br>10.500% due 05/15/2027 | 100 | 35 |
| **Altice France SA** <br>5.125% due 07/15/2029 | 150 | 124 |
| **AMC Networks, Inc.** <br>4.250% due 02/15/2029 | 50 | 40 |
| **Amentum Holdings, Inc.** <br>7.250% due 08/01/2032 | 75 | 77 |
| **Amer Sports Co.** <br>6.750% due 02/16/2031 | 25 | 26 |
| **American Airlines, Inc.** <br>5.750% due 04/20/2029 | 250 | 250 |
| **American Builders & Contractors Supply Co., Inc.**  |  |  |
| 3.875% due 11/15/2029  | 50 | 47 |
| 4.000% due 01/15/2028  | 100 | 98 |
| **ams-OSRAM AG** <br>12.250% due 03/30/2029 | 75 | 80 |
| **Arcosa, Inc.** <br>6.875% due 08/15/2032 | 35 | 36 |
| **Aris Water Holdings LLC** <br>7.250% due 04/01/2030 | 75 | 77 |
| **Ascent Resources Utica Holdings LLC**  |  |  |
| 6.625% due 10/15/2032  | 75 | 76 |
| 6.625% due 07/15/2033  | 50 | 51 |
| **Aston Martin Capital Holdings Ltd.** <br>10.000% due 03/31/2029 | 75 | 71 |
| **Avantor Funding, Inc.** <br>4.625% due 07/15/2028 | 75 | 74 |
| **Axalta Coating Systems LLC** <br>3.375% due 02/15/2029 | 150 | 142 |
| **Axon Enterprise, Inc.**  |  |  |
| 6.125% due 03/15/2030  | 100 | 103 |
| 6.250% due 03/15/2033  | 50 | 52 |
| **Ball Corp.** <br>2.875% due 08/15/2030 | 150 | 135 |
| **Bath & Body Works, Inc.** <br>6.875% due 11/01/2035 | 25 | 26 |
| **Bausch & Lomb Corp.** <br>8.375% due 10/01/2028 | 100 | 105 |
| **BC Ltd.** <br>10.000% due 04/15/2032 | 100 | 101 |
| **BC ULC**  |  |  |
| 3.500% due 02/15/2029  | 125 | 119 |
| 4.000% due 10/15/2030  | 275 | 257 |
| **Beacon Mobility Corp.** <br>7.250% due 08/01/2030 (a) | 50 | 51 |
| **Belron U.K. Finance PLC** <br>5.750% due 10/15/2029 | 75 | 76 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – H (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Block** **, Inc.**  |  |  |
| 3.500% due 06/01/2031  | 75 | 69 |
| 6.500% due 05/15/2032  | 100 | 103 |
| **Boise Cascade Co.** <br>4.875% due 07/01/2030 | 25 | 24 |
| **Buckeye Partners LP** <br>4.500% due 03/01/2028 | 75 | 74 |
| **Builders FirstSource, Inc.** <br>5.000% due 03/01/2030 | 200 | 197 |
| **Cablevision Lightpath LLC** <br>3.875% due 09/15/2027 | 25 | 24 |
| **CACI International, Inc.** <br>6.375% due 06/15/2033 | 50 | 52 |
| **Caesars Entertainment, Inc.** <br>6.500% due 02/15/2032 | 50 | 51 |
| **Carnival Corp.** <br>7.000% due 08/15/2029 | 225 | 237 |
| **Carvana Co. (11.000% Cash or 13.000% PIK)** <br>11.000% due 06/01/2030 (b) | 100 | 105 |
| **CCO Holdings LLC**  |  |  |
| 4.500% due 08/15/2030  | 100 | 95 |
| 4.750% due 03/01/2030  | 250 | 242 |
| 5.375% due 06/01/2029  | 350 | 349 |
| **Celanese U.S. Holdings LLC** <br>6.500% due 04/15/2030 | 125 | 128 |
| **Central Parent LLC** <br>8.000% due 06/15/2029 | 50 | 41 |
| **Cerdia Finanz GmbH** <br>9.375% due 10/03/2031 | 100 | 104 |
| **Cheplapharm Arzneimittel GmbH** <br>7.125% due 06/15/2031 (a) | 100 | 119 |
| **Chobani LLC** <br>4.625% due 11/15/2028 | $100 | 98 |
| **Chord Energy Corp.** <br>6.750% due 03/15/2033 | 75 | 77 |
| **Churchill Downs, Inc.** <br>4.750% due 01/15/2028 | 125 | 123 |
| **Citgo Petroleum Corp.** <br>8.375% due 01/15/2029 | 50 | 52 |
| **Civitas Resources, Inc.** <br>8.375% due 07/01/2028 | 50 | 51 |
| **Clarios Global LP** <br>6.750% due 02/15/2030 | 75 | 78 |
| **Clarivate Science Holdings Corp.** <br>4.875% due 07/01/2029 | 50 | 47 |
| **Cloud Software Group, Inc.** <br>6.500% due 03/31/2029 | 125 | 126 |
| **Clydesdale Acquisition Holdings, Inc.**  |  |  |
| 6.625% due 04/15/2029  | 75 | 76 |
| 6.750% due 04/15/2032  | 50 | 51 |
| 6.875% due 01/15/2030  | 50 | 51 |
| **CMA CGM SA** <br>5.000% due 01/15/2031 | 100 | 118 |
| **Cogent Communications Group LLC**  |  |  |
| 6.500% due 07/01/2032  | $75 | 74 |
| 7.000% due 06/15/2027  | 50 | 50 |
| **CommScope LLC** <br>4.750% due 09/01/2029 | 40 | 39 |
| **Community Health Systems, Inc.** <br>5.625% due 03/15/2027 | 250 | 246 |
| **Consolidated Communications, Inc.** <br>6.500% due 10/01/2028 | 25 | 26 |
| **CoreWeave, Inc.** <br>9.250% due 06/01/2030 | 50 | 51 |
| **CQP Holdco LP** <br>5.500% due 06/15/2031 | 150 | 148 |
| **Crescent Energy Finance LLC**  |  |  |
| 7.375% due 01/15/2033  | 75 | 72 |
| 7.625% due 04/01/2032  | 50 | 49 |
| **Crocs, Inc.** <br>4.250% due 03/15/2029 | 25 | 24 |
| **Crowdstrike Holdings, Inc.** <br>3.000% due 02/15/2029 | 125 | 118 |
| **Crown Cork & Seal Co., Inc.** <br>7.375% due 12/15/2026 | 75 | 78 |
| **DaVita, Inc.**  |  |  |
| 4.625% due 06/01/2030  | 25 | 24 |
| 6.750% due 07/15/2033  | 50 | 52 |
| 6.875% due 09/01/2032  | 50 | 52 |
| **Dcli Bidco LLC** <br>7.750% due 11/15/2029 | 75 | 76 |
| **Diamond Foreign Asset Co.** <br>8.500% due 10/01/2030 | 100 | 104 |
| **DirecTV Financing LLC**  |  |  |
| 5.875% due 08/15/2027  | 125 | 125 |
| 10.000% due 02/15/2031  | 50 | 49 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – H (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **EchoStar** **Corp.** <br>10.750% due 11/30/2029 | 190 | 196 |
| **Efesto Bidco SpA Efesto U.S. LLC** <br>7.500% due 02/15/2032 | 100 | 101 |
| **Element Solutions, Inc.** <br>3.875% due 09/01/2028 | 25 | 24 |
| **Ellucian Holdings, Inc.** <br>6.500% due 12/01/2029 | 50 | 51 |
| **ESAB Corp.** <br>6.250% due 04/15/2029 | 50 | 51 |
| **First Student Bidco, Inc.** <br>4.000% due 07/31/2029 | 100 | 94 |
| **Frontier Communications Holdings LLC** <br>5.875% due 10/15/2027 | 150 | 150 |
| **Garda World Security Corp.** <br>6.000% due 06/01/2029 | 100 | 98 |
| **GFL Environmental, Inc.** <br>4.375% due 08/15/2029 | 75 | 73 |
| **Global Medical Response, Inc.** <br>9.500% due 10/31/2028 | 76 | 76 |
| **Global Partners LP** <br>7.125% due 07/01/2033 | 50 | 51 |
| **Goat Holdco LLC** <br>6.750% due 02/01/2032 | 50 | 51 |
| **goeasy Ltd.** <br>7.625% due 07/01/2029 | 150 | 155 |
| **Graphic Packaging International LLC** <br>3.500% due 03/15/2028 | 75 | 72 |
| **Gray Media, Inc.** <br>5.375% due 11/15/2031 | 25 | 19 |
| **GYP Holdings Corp.** <br>4.625% due 05/01/2029 | 100 | 100 |
| **HealthEquity, Inc.** <br>4.500% due 10/01/2029 | 150 | 146 |
| **Hilton Domestic Operating Co., Inc.** <br>3.625% due 02/15/2032 | 125 | 113 |
| **Hilton Grand Vacations Borrower LLC** <br>5.000% due 06/01/2029 | 75 | 72 |
| **Hologic, Inc.** <br>3.250% due 02/15/2029 | 250 | 238 |
| **Howard Midstream Energy Partners LLC** <br>7.375% due 07/15/2032 | 50 | 53 |
| **IHO Verwaltungs GmbH (6.750% Cash or 7.500% PIK)** <br>6.750% due 11/15/2029 (b) | 100 | 123 |
| **Imola Merger Corp.** <br>4.750% due 05/15/2029 | $150 | 145 |
| **Ingevity Corp.** <br>3.875% due 11/01/2028 | 100 | 95 |
| **Intelligent Packaging Ltd. Finco, Inc.** <br>6.000% due 09/15/2028 | 150 | 150 |
| **Intelsat Jackson Holdings SA** <br>6.500% due 03/15/2030 | 100 | 102 |
| **International Game Technology PLC** <br>5.250% due 01/15/2029 | 75 | 74 |
| **IQVIA, Inc.** <br>6.250% due 06/01/2032 | 100 | 103 |
| **Jazz Securities DAC** <br>4.375% due 01/15/2029 | 25 | 24 |
| **JetBlue Airways Corp.** <br>9.875% due 09/20/2031 | 150 | 146 |
| **KBR, Inc.** <br>4.750% due 09/30/2028 | 75 | 72 |
| **Kinetik Holdings LP** <br>6.625% due 12/15/2028 | 75 | 77 |
| **Kodiak Gas Services LLC** <br>7.250% due 02/15/2029 | 100 | 104 |
| **Kraken Oil & Gas Partners LLC** <br>7.625% due 08/15/2029 | 100 | 98 |
| **Lamar Media Corp.** <br>4.000% due 02/15/2030 | 50 | 48 |
| **Lamb Weston Holdings, Inc.** <br>4.125% due 01/31/2030 | 75 | 72 |
| **Level 3 Financing, Inc.**  |  |  |
| 6.875% due 06/30/2033  | 75 | 76 |
| 11.000% due 11/15/2029  | 89 | 103 |
| **LifePoint Health, Inc.** <br>11.000% due 10/15/2030 | 100 | 110 |
| **Live Nation Entertainment, Inc.** <br>4.750% due 10/15/2027 | 150 | 149 |
| **Manuchar Group SARL** <br>6.941% due 07/07/2032 •(a) | 100 | 115 |
| **Matador Resources Co.**  |  |  |
| 6.250% due 04/15/2033  | $50 | 50 |
| 6.500% due 04/15/2032  | 50 | 50 |
| **Mauser Packaging Solutions Holding Co.** <br>7.875% due 04/15/2027 | 150 | 153 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – H (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **McGraw** **-Hill Education, Inc.** <br>7.375% due 09/01/2031 | 50 | 52 |
| **Medline Borrower LP** <br>3.875% due 04/01/2029 | 300 | 288 |
| **Merlin Entertainments Group U.S. Holdings, Inc.** <br>7.375% due 02/15/2031 | 25 | 22 |
| **MGM China Holdings Ltd.** <br>4.750% due 02/01/2027 | 75 | 75 |
| **Mineral Resources Ltd.** <br>9.250% due 10/01/2028 | 25 | 26 |
| **Miter Brands Acquisition Holdco, Inc.** <br>6.750% due 04/01/2032 | 25 | 26 |
| **Molina Healthcare, Inc.** <br>3.875% due 11/15/2030 | 50 | 47 |
| **Motion Finco SARL** <br>8.375% due 02/15/2032 | 50 | 46 |
| **MPH Acquisition Holdings LLC** <br>5.750% due 12/31/2030 | 13 | 11 |
| **MPH Acquisition Holdings LLC (6.500% Cash and 5.000% PIK)** <br>11.500% due 12/31/2030 (b) | 7 | 7 |
| **NCL Corp. Ltd.** <br>5.875% due 02/15/2027 | 200 | 201 |
| **NCR Atleos Corp.** <br>9.500% due 04/01/2029 | 25 | 27 |
| **Newell Brands, Inc.** <br>6.375% due 05/15/2030 | 50 | 49 |
| **Newfold Digital Holdings Group, Inc.** <br>11.750% due 10/15/2028 « | 100 | 76 |
| **Nissan Motor Co. Ltd.** <br>4.345% due 09/17/2027 | 100 | 96 |
| **Noble Finance LLC** <br>8.000% due 04/15/2030 | 125 | 127 |
| **Nordstrom, Inc.** <br>5.000% due 01/15/2044 | 50 | 35 |
| **Northriver Midstream Finance LP** <br>6.750% due 07/15/2032 | 75 | 78 |
| **Novelis Corp.** <br>6.875% due 01/30/2030 | 100 | 103 |
| **Olympus Water U.S. Holding Corp.**  |  |  |
| 4.250% due 10/01/2028  | 150 | 143 |
| 7.250% due 06/15/2031  | 75 | 77 |
| **ON Semiconductor Corp.** <br>3.875% due 09/01/2028 | 75 | 73 |
| **Opal Bidco SAS** <br>5.500% due 03/31/2032 | 100 | 120 |
| **Open Text Corp.** <br>3.875% due 02/15/2028 | $100 | 97 |
| **Option Care Health, Inc.** <br>4.375% due 10/31/2029 | 25 | 24 |
| **Organon & Co.** <br>4.125% due 04/30/2028 | 225 | 217 |
| **Paramount Global** <br>4.950% due 01/15/2031 | 50 | 49 |
| **Parkland Corp.** <br>6.625% due 08/15/2032 | 50 | 51 |
| **Performance Food Group, Inc.** <br>4.250% due 08/01/2029 | 125 | 121 |
| **Permian Resources Operating LLC** <br>6.250% due 02/01/2033 | 75 | 76 |
| **Perrigo Finance Unlimited Co.**  |  |  |
| 4.900% due 06/15/2030  | 50 | 49 |
| 6.125% due 09/30/2032  | 50 | 51 |
| **PetSmart, Inc.**  |  |  |
| 4.750% due 02/15/2028  | 50 | 49 |
| 7.750% due 02/15/2029  | 25 | 24 |
| **Post Holdings, Inc.**  |  |  |
| 4.500% due 09/15/2031  | 200 | 186 |
| 6.250% due 10/15/2034  | 25 | 25 |
| **Prime Healthcare Services, Inc.** <br>9.375% due 09/01/2029 | 50 | 50 |
| **Prime Security Services Borrower LLC**  |  |  |
| 3.375% due 08/31/2027  | 75 | 73 |
| 5.750% due 04/15/2026  | 88 | 89 |
| **Quikrete Holdings, Inc.**  |  |  |
| 6.375% due 03/01/2032  | 50 | 51 |
| 6.750% due 03/01/2033  | 175 | 181 |
| **QXO Building Products, Inc.** <br>6.750% due 04/30/2032 | 150 | 155 |
| **Raising Cane's Restaurants LLC** <br>9.375% due 05/01/2029 | 125 | 132 |
| **Rand Parent LLC** <br>8.500% due 02/15/2030 | 75 | 75 |
| **Raven Acquisition Holdings LLC** <br>6.875% due 11/15/2031 | 175 | 175 |
| **ROBLOX Corp.** <br>3.875% due 05/01/2030 | 25 | 24 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – H (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Rockies** **Express Pipeline LLC** <br>6.750% due 03/15/2033 | 100 | 105 |
| **Sable International Finance Ltd.** <br>7.125% due 10/15/2032 | 50 | 50 |
| **Seadrill Finance Ltd.** <br>8.375% due 08/01/2030 | 75 | 76 |
| **Seagate Data Storage Technology Pte Ltd.**  |  |  |
| 4.091% due 06/01/2029  | 50 | 48 |
| 4.125% due 01/15/2031  | 75 | 69 |
| 5.750% due 12/01/2034  | 75 | 74 |
| **Sensata Technologies BV** <br>4.000% due 04/15/2029 | 100 | 95 |
| **Shift4 Payments LLC** <br>6.750% due 08/15/2032 | 75 | 78 |
| **Simmons Foods, Inc.** <br>4.625% due 03/01/2029 | 125 | 118 |
| **Sinclair Television Group, Inc.** <br>8.125% due 02/15/2033 | 50 | 51 |
| **Sirius XM Radio LLC** <br>4.000% due 07/15/2028 | 200 | 192 |
| **SM Energy Co.** <br>6.750% due 08/01/2029 | 50 | 50 |
| **Snap, Inc.** <br>6.875% due 03/01/2033 | 75 | 77 |
| **Sotera Health Holdings LLC** <br>7.375% due 06/01/2031 | 25 | 26 |
| **Spirit AeroSystems, Inc.**  |  |  |
| 9.375% due 11/30/2029  | 50 | 53 |
| 9.750% due 11/15/2030  | 12 | 13 |
| **Spirit Loyalty Cayman Ltd. (11.000% Cash or 4.000% PIK and 8.000% Cash)** <br>11.000% due 03/12/2030 (b) | 63 | 43 |
| **Stagwell Global LLC** <br>5.625% due 08/15/2029 | 125 | 120 |
| **Standard Industries, Inc.** <br>4.750% due 01/15/2028 | 175 | 173 |
| **Star Parent, Inc.** <br>9.000% due 10/01/2030 | 75 | 79 |
| **Station Casinos LLC**  |  |  |
| 4.500% due 02/15/2028  | 125 | 123 |
| 4.625% due 12/01/2031  | 25 | 23 |
| **Stonepeak Nile Parent LLC** <br>7.250% due 03/15/2032 | 50 | 53 |
| **Sunoco LP** <br>7.000% due 05/01/2029 | 75 | 78 |
| **Tenet Healthcare Corp.** <br>4.625% due 06/15/2028 | 150 | 148 |
| **TGS ASA** <br>8.500% due 01/15/2030 | 50 | 52 |
| **Tidewater, Inc.** <br>9.125% due 07/15/2030 (a) | 50 | 51 |
| **TopBuild Corp.** <br>4.125% due 02/15/2032 | 150 | 139 |
| **Toucan FinCo Ltd.** <br>9.500% due 05/15/2030 | 75 | 77 |
| **TransDigm, Inc.**  |  |  |
| 4.625% due 01/15/2029  | 75 | 74 |
| 6.375% due 03/01/2029  | 325 | 334 |
| **Transocean, Inc.** <br>8.750% due 02/15/2030 | 60 | 62 |
| **Trivium Packaging Finance BV** <br>8.250% due 07/15/2030 | 75 | 79 |
| **Twilio, Inc.** <br>3.875% due 03/15/2031 | 25 | 23 |
| **U.S. Acute Care Solutions LLC** <br>9.750% due 05/15/2029 | 25 | 26 |
| **U.S. Foods, Inc.** <br>4.750% due 02/15/2029 | 150 | 148 |
| **UKG, Inc.** <br>6.875% due 02/01/2031 | 150 | 156 |
| **Unisys Corp.** <br>10.625% due 01/15/2031 | 25 | 26 |
| **United Airlines, Inc.** <br>4.625% due 04/15/2029 | 125 | 121 |
| **United Rentals North America, Inc.** <br>3.875% due 02/15/2031 | 125 | 118 |
| **Univision Communications, Inc.**  |  |  |
| 4.500% due 05/01/2029  | 50 | 46 |
| 6.625% due 06/01/2027  | 100 | 100 |
| 8.500% due 07/31/2031  | 50 | 50 |
| **Valaris Ltd.** <br>8.375% due 04/30/2030 | 200 | 205 |
| **Vallourec SACA** <br>7.500% due 04/15/2032 | 75 | 79 |
| **Venture Global Calcasieu Pass LLC** <br>3.875% due 08/15/2029 | 225 | 212 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – H (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Venture** **Global LNG, Inc.**  |  |  |
| 7.000% due 01/15/2030  | 50 | 51 |
| 9.500% due 02/01/2029  | 400 | 436 |
| **Venture Global Plaquemines LNG LLC**  |  |  |
| 6.500% due 01/15/2034 (a)  | 100 | 100 |
| 7.500% due 05/01/2033  | 50 | 54 |
| **Veritiv Operating Co.** <br>10.500% due 11/30/2030 | 50 | 54 |
| **Viavi Solutions, Inc.** <br>3.750% due 10/01/2029 | 50 | 47 |
| **Victoria's Secret & Co.** <br>4.625% due 07/15/2029 | 25 | 23 |
| **Victra Holdings LLC** <br>8.750% due 09/15/2029 | 25 | 26 |
| **Viper Energy, Inc.** <br>5.375% due 11/01/2027 | 50 | 50 |
| **Viridien** <br>10.000% due 10/15/2030 | 50 | 49 |
| **Vital Energy, Inc.** <br>7.875% due 04/15/2032 | 45 | 39 |
| **Vmed O2 U.K. Financing PLC** <br>4.750% due 07/15/2031 | 400 | 370 |
| **VOC Escrow Ltd.** <br>5.000% due 02/15/2028 | 150 | 149 |
| **Walgreens Boots Alliance, Inc.**  |  |  |
| 2.125% due 11/20/2026  | 125 | 145 |
| 4.800% due 11/18/2044  | $25 | 24 |
| 8.125% due 08/15/2029  | 75 | 80 |
| **Wand NewCo 3, Inc.** <br>7.625% due 01/30/2032 | 25 | 26 |
| **Warnermedia Holdings, Inc.**  |  |  |
| 4.279% due 03/15/2032  | 50 | 42 |
| 5.050% due 03/15/2042  | 50 | 34 |
| **Waste Pro USA, Inc.** <br>7.000% due 02/01/2033 | 50 | 52 |
| **Wayfair LLC**  |  |  |
| 7.250% due 10/31/2029  | 50 | 50 |
| 7.750% due 09/15/2030  | 75 | 76 |
| **Weatherford International Ltd.** <br>8.625% due 04/30/2030 | 50 | 52 |
| **Western Digital Corp.** <br>4.750% due 02/15/2026 | 22 | 22 |
| **Whirlpool Corp.** <br>6.125% due 06/15/2030 | 25 | 25 |
| **Williams Scotsman, Inc.** <br>6.625% due 06/15/2029 | 50 | 51 |
| **Windstream Services LLC** <br>8.250% due 10/01/2031 | 75 | 79 |
| **Wynn Resorts Finance LLC**  |  |  |
| 6.250% due 03/15/2033  | 25 | 25 |
| 7.125% due 02/15/2031  | 150 | 160 |
| **Yum! Brands, Inc.** <br>4.750% due 01/15/2030 | 100 | 99 |
| **Ziggo BV** <br>4.875% due 01/15/2030 | 100 | 94 |
| **ZipRecruiter, Inc.** <br>5.000% due 01/15/2030 | 50 | 43 |
| **ZoomInfo Technologies LLC** <br>3.875% due 02/01/2029 | 75 | 71 |
|  |  | 22265 |
| **UTILITIES 2.5%**  |  |  |
| **Aethon United BR LP** <br>7.500% due 10/01/2029 | 50 | 52 |
| **Antero Midstream Partners LP** <br>5.750% due 03/01/2027 | 100 | 100 |
| **Archrock Partners LP** <br>6.625% due 09/01/2032 | 50 | 51 |
| **Clearway Energy Operating LLC** <br>3.750% due 02/15/2031 | 75 | 69 |
| **Edison International** <br>8.125% due 06/15/2053 •  | 75 | 73 |
| **Electricite de France SA** <br>9.125% due 03/15/2033 •(e) | 75 | 85 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | 100 | 95 |
| **Genesis Energy LP** <br>7.875% due 05/15/2032 | 125 | 130 |
| **Hilcorp Energy LP** <br>6.875% due 05/15/2034 | 50 | 48 |
| **NGL Energy Operating LLC** <br>8.375% due 02/15/2032 | 25 | 25 |
| **PBF Holding Co. LLC** <br>6.000% due 02/15/2028 | 25 | 24 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – H (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **TerraForm** **Power Operating LLC** <br>5.000% due 01/31/2028 | 75 | 74 |
| **Vodafone Group PLC** <br>5.125% due 06/04/2081 •  | 50 | 38 |
| **Yinson Production Financial Services Pte. Ltd.** <br>9.625% due 05/03/2029 | 50 | 52 |
|  |  | 916 |
| Total Corporate Bonds & Notes (Cost $27,759) |  | 28387 |
| **U.S. TREASURY OBLIGATIONS 9.3%**  |  |  |
| **U.S. Treasury Notes**  |  |  |
| 3.250% due 06/30/2027 | 2450 | 2428 |
| 4.000% due 02/15/2034 | 1025 | 1015 |
| Total U.S. Treasury Obligations (Cost $3,404) |  | 3443 |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **ENERGY 0.0%**  |  |  |
| **New Fortress Energy, Inc. (c)** | 1479 | 5 |
| **INDUSTRIALS 0.0%**  |  |  |
| **Spirit Aviation Holdings, Inc. (c)** | 1490 | 7 |
| Total Common Stocks (Cost $22) |  | 12 |
| **WARRANTS 0.0%**  |  |  |
| **INDUSTRIALS 0.0%**  |  |  |
| **Spirit Aviation Holdings, Inc. - Exp. 12/31/2099**  | 1693 | 9 |
| Total Warrants (Cost $21) |  | 9 |
| **SHORT-TERM INSTRUMENTS 0.4%**  |  |  |
| **MUTUAL FUNDS 0.4%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class**<br> 4.380% (f) | 138293 | 138 |
| Total Short-Term Instruments (Cost $138) |  | 138 |
| Total Investments in Securities (Cost $33,390) |  | 34040 |
| **INVESTMENTS IN AFFILIATES 6.3%**  |  |  |
| **SHORT-TERM INSTRUMENTS 6.3%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 6.3%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 236800 | 2306 |
| Total Short-Term Instruments (Cost $2,306) |  | 2306 |
| Total Investments in Affiliates (Cost $2,306) |  | 2306 |
| Total Investments 98.6% (Cost $35,696) |  | $36346 |
| **Financial Derivative Instruments (g)(h) 0.0**%(Cost or Premiums, net $337) |  | 3 |
| Other Assets and Liabilities, net 1.4% |  | 521 |
| Net Assets 100.0% |  | $36870 |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – H (Cont.) June 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:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate 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.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(c)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(f)** | **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** |
| **The average amount of borrowings outstanding during the period ended June 30, 2025 was $(493) at a weighted average interest rate of 4.422%. 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 June 30, 2025 was $(493) at a weighted average interest rate of 4.422%. 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 June 30, 2025 was $(493) at a weighted average interest rate of 4.422%. 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 June 30, 2025 was $(493) at a weighted average interest rate of 4.422%. 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 June 30, 2025 was $(493) at a weighted average interest rate of 4.422%. 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 June 30, 2025 was $(493) at a weighted average interest rate of 4.422%. 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 June 30, 2025 was $(493) at a weighted average interest rate of 4.422%. 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 June 30, 2025 was $(493) at a weighted average interest rate of 4.422%. 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 June 30, 2025 was $(493) at a weighted average interest rate of 4.422%. 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 June 30, 2025 was $(493) at a weighted average interest rate of 4.422%. 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 June 30, 2025 was $(493) at a weighted average interest rate of 4.422%. 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 June 30, 2025 was $(493) at a weighted average interest rate of 4.422%. 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 June 30, 2025 was $(493) at a weighted average interest rate of 4.422%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.** |
| **(g)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <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 | Liability |
| U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | 09/2025 | 09/2025 | 1 | 208 | $1 | 1 | 0 | 0 | 0 |
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 09/2025 | 09/2025 | 27 | 2943 | 31 | 31 | 3 | 3 | 0 |
| U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | 09/2025 | 09/2025 | 6 | 686 | 14 | 14 | 3 | 3 | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **46** | **$** | **6** | **$** | **0** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **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> |
|  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>June 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 | Liability |
| Bombardier, Inc.  | Bombardier, Inc.  | Quarterly | 12/20/2028 | 1.037 | $ | $125 | 12 | 4 | 16 | 16 | 0 | 0 |
| Calpine Corp.  | Calpine Corp.  | Quarterly | 12/20/2028 | 0.434 |  | 100 | 10 | 5 | 15 | 15 | 0 | 0 |
| Carnival Corp.  | Carnival Corp.  | Quarterly | 12/20/2028 | 1.023 |  | 175 | (14) | 14 | 0 | 0 | 0 | 0 |
| Cellnex Telecom SA  | Cellnex Telecom SA  | Quarterly | 12/20/2030 | 0.893 | EUR | 100 | 22 | 3 | 25 | 25 | 0 | 0 |
| ZF Europe Finance BV  | ZF Europe Finance BV  | Quarterly | 06/20/2030 | 4.921 |  | 25 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  |  |  |  |  | $30 | 26 | 56 | 56 | 0 | $0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Liability |
| CDX.HY-43 5-Year Index  | CDX.HY-43 5-Year Index  | 5.000% | Quarterly | 12/20/2029 | $ | 1500 | 107 | 5 | 112 | 112 | 5 | 0 |
| CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | 5.000 | Quarterly | 06/20/2030 |  | 2800 | 131 | 84 | 215 | 215 | 10 | 0 |
|  |  |  |  |  |  |  | 238 | 89 | 327 | 327 | 15 | 0 |

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<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – H (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** | **INTEREST** **RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Payment<br>Frequency | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Receive | 1-Day USD-SOFR Compounded-OIS | Annual | $200 | 200 | 200 | 3 | 3 | (2) | (2) | $1 | 1 | 1 | 0 | 0 | $0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | Annual | 500 | 500 | 500 | 66 | 66 | (5) | (5) | 61 | 61 | 61 | 0 | 0 | (4) |
|  |  |  |  |  | $ | 69 | $ | (7) | $ | 62 | 62 | $ | 0 | $ | (4) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **337** | **$** | **108** | **$** | **445** | **445** | **$** | **15** | **$** | **(4)** |
| <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | <br> **Cash of $675 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **(h)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received |  | Asset | Asset | Asset | Asset | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 07/2025  | 386 | 386 | 386 | 330 | 330 | 330 | $ | 2 | 2 | 2 | 2 | 0 | 0 |
|  |  | 08/2025  | 330 | 330 | 330 | $387 | 387 | 387 |  | 0 | 0 | 0 | 0 | (2) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 07/2025  | 213 | 213 | 213 | 242 | 242 | 242 |  | 0 | 0 | 0 | 0 | (9) | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 07/2025  | 117 | 117 | 117 | 134 | 134 | 134 |  | 0 | 0 | 0 | 0 | (3) | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 08/2025  | 107 | 107 | 107 | 126 | 126 | 126 |  | 0 | 0 | 0 | 0 | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 07/2025  | 107 | 107 | 107 | 126 | 126 | 126 |  | 0 | 0 | 0 | 0 | (1) | (1) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | **$** | **2** | **2** | **2** | **$** | **(16)** | **(16)** |
| **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 June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of June 30, 2025 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |  |
| **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** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | 0 | $ | 1775 | $ | 276 | $ | $ | $2051 | 2051 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 |  | 5206 |  | 0 |  |  | 5206 | 5206 |  |
| Industrials | Industrials | Industrials | Industrials | 100 | 100 | 100 |  | 22089 |  | 76 |  |  | 22265 | 22265 |  |
| Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 |  | 916 |  | 0 |  |  | 916 | 916 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 |  | 3443 |  | 0 |  |  | 3443 | 3443 |  |
| 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 |  |
| Energy | Energy | Energy | Energy | 0 | 0 | 0 |  | 5 |  | 0 |  |  | 5 | 5 |  |
| Industrials | Industrials | Industrials | Industrials | 7 | 7 | 7 |  | 0 |  | 0 |  |  | 7 | 7 |  |
| Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants |  |
| Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 |  | 9 |  | 0 |  |  | 9 | 9 |  |
| 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 | 0 | 0 | 0 |  | 138 |  | 0 |  |  | 138 | 138 |  |
|  |  |  |  | $107 | 107 | 107 | $ | 33581 | $ | 352 | $ | $ | $34040 | 34040 |  |
| **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 | $2306 | 2306 | 2306 | $ | 0 | $ | 0 | $ | $ | $2306 | 2306 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | $2413 | 2413 | 2413 | $ | 33581 | $ | 352 | $ | $ | $36346 | 36346 |  |
| **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 | 0 | 0 | 0 |  | 21 |  | 0 |  |  | 21 | 21 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 |  | 2 |  | 0 |  |  | 2 | 2 |  |
|  |  |  |  | $0 | 0 | 0 | $ | 23 | $ | 0 | $ | $ | $23 | 23 |  |
| **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**  |  |

---

------

<br> Schedule of Investments Sector Funds: PIMCO Sector Fund Series – H (Cont.) June 30, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Exchange-traded or centrally cleared | 0 | (4) | 0 | (4) |
| Over the counter | 0 | (16) | 0 | (16) |
|  | $0 | $(20) | $0 | $(20) |
| Total Financial Derivative Instruments | $0 | $3 | $0 | $3 |
| Totals | $2413 | $33584 | $352 | $36349 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

---

------

<br> Consolidated Schedule of Investments PIMCO Short Asset Portfolio June 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 98.9% ¤** |  |  |
| **CORPORATE BONDS & NOTES 48.6%**  |  |  |
| **BANKING & FINANCE 33.3%**  |  |  |
| **ABN AMRO Bank NV**  |  |  |
| 5.387% due 12/03/2028 ~  | $30925 | $30921 |
| 6.185% due 09/18/2027 •  | 4200 | 4251 |
| 6.575% due 10/13/2026 •  | 32400 | 32570 |
| **AerCap Ireland Capital DAC**  |  |  |
| 1.750% due 01/30/2026  | 10534 | 10351 |
| 4.450% due 10/01/2025  | 761 | 760 |
| 6.500% due 07/15/2025  | 8533 | 8539 |
| **Aircastle Ltd.** <br>5.250% due 08/11/2025 | 131 | 131 |
| **American Express Co.**  |  |  |
| 5.009% due 11/04/2026 ~  | 1300 | 1303 |
| 5.325% due 07/28/2027 ~  | 3336 | 3349 |
| 5.645% due 04/23/2027 •  | 6600 | 6662 |
| **American Honda Finance Corp.** <br>5.133% due 10/03/2025 ~ | 1110 | 1112 |
| **American Tower Corp.**  |  |  |
| 1.300% due 09/15/2025  | 3606 | 3581 |
| 1.600% due 04/15/2026  | 2242 | 2193 |
| **Aon Global Ltd.** <br>3.875% due 12/15/2025 | 2790 | 2782 |
| **Athene Global Funding**  |  |  |
| 1.608% due 06/29/2026  | 901 | 877 |
| 5.097% due 07/16/2026 •  | 42000 | 42063 |
| 5.172% due 01/07/2027 ~  | 8100 | 8123 |
| 5.211% due 05/08/2026 ~  | 3752 | 3764 |
| 5.411% due 08/27/2026 ~  | 22040 | 22131 |
| 5.622% due 03/25/2027 ~  | 199 | 201 |
| **Australia & New Zealand Banking Group Ltd.**  |  |  |
| 4.984% due 10/03/2025 ~  | 6200 | 6206 |
| 5.094% due 07/03/2025 ~  | 2700 | 2700 |
| **Aviation Capital Group LLC**  |  |  |
| 1.950% due 01/30/2026  | 6764 | 6658 |
| 1.950% due 09/20/2026  | 7000 | 6777 |
| 4.125% due 08/01/2025  | 7710 | 7703 |
| 4.875% due 10/01/2025  | 3494 | 3492 |
| **Avolon Holdings Funding Ltd.**  |  |  |
| 2.125% due 02/21/2026  | 11626 | 11413 |
| 2.528% due 11/18/2027  | 3400 | 3233 |
| 5.500% due 01/15/2026  | 9087 | 9102 |
| **Banco Bilbao Vizcaya Argentaria SA** <br>5.862% due 09/14/2026 •  | 9900 | 9921 |
| **Bank of America Corp.** <br>1.197% due 10/24/2026 •  | 9000 | 8907 |
| **Bank of Montreal** <br>5.274% due 09/10/2027 ~ | 10600 | 10634 |
| **Bank of Nova Scotia**  |  |  |
| 4.796% due 10/27/2025 ~  | 29000 | 19116 |
| 4.932% due 03/02/2026 ~  | $2375 | 2378 |
| **Bank of Queensland Ltd.** <br>4.993% due 10/29/2025 ~ | 5500 | 3628 |
| **Banque Federative du Credit Mutuel SA**  |  |  |
| 4.780% due 05/24/2027 ~  | 2000 | 1318 |
| 5.482% due 01/23/2027 ~  | $3700 | 3723 |
| 5.745% due 07/13/2026 ~  | 6500 | 6560 |
| 5.896% due 07/13/2026  | 7700 | 7818 |
| **Barclays PLC**  |  |  |
| 4.375% due 01/12/2026  | 26055 | 26039 |
| 5.304% due 08/09/2026 •  | 3500 | 3501 |
| **BNP Paribas SA** <br>1.323% due 01/13/2027 •  | 500 | 491 |
| **BPCE SA**  |  |  |
| 1.652% due 10/06/2026 •  | 36766 | 36469 |
| 4.954% due 09/29/2025 ~  | 6250 | 4122 |
| 5.366% due 09/25/2025 ~  | $8444 | 8457 |
| 5.975% due 01/18/2027 •  | 2450 | 2467 |
| **Brighthouse Financial Global Funding**  |  |  |
| 1.550% due 05/24/2026  | 3000 | 2919 |
| 5.550% due 04/09/2027  | 1657 | 1684 |
| **Canadian Imperial Bank of Commerce**  |  |  |
| 4.752% due 04/21/2026 ~  | 24490 | 16172 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short Asset Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.876% due 01/14/2030  | $20000 | 20673 |
| 5.065% due 01/13/2028 ~  | 1600 | 1599 |
| 5.563% due 10/02/2026 ~  | 1000 | 1009 |
| **Citibank NA** <br>4.948% due 04/30/2026 ~ | 400 | 401 |
| **Citigroup Global Markets Holdings, Inc.** <br>4.870% due 01/20/2026 ~ | 19000 | 18983 |
| **Citigroup, Inc.** <br>1.122% due 01/28/2027 •  | 10900 | 10686 |
| **Commonwealth Bank of Australia** <br>4.743% due 07/07/2025 ~ | 200 | 200 |
| **Cooperatieve Rabobank UA**  |  |  |
| 1.106% due 02/24/2027 •  | 6250 | 6114 |
| 1.980% due 12/15/2027 •  | 4100 | 3956 |
| 5.002% due 08/28/2026 ~  | 4700 | 4713 |
| 5.055% due 01/09/2026 ~  | 41500 | 41583 |
| 5.100% due 03/05/2027 ~  | 2640 | 2650 |
| **Corebridge Global Funding**  |  |  |
| 0.900% due 09/22/2025  | 17602 | 17452 |
| 5.712% due 09/25/2026 •  | 208 | 209 |
| 5.750% due 07/02/2026  | 8000 | 8103 |
| **Credit Agricole SA**  |  |  |
| 1.247% due 01/26/2027 •  | 20102 | 19721 |
| 5.266% due 03/11/2027 ~  | 2220 | 2224 |
| 5.632% due 07/05/2026 ~  | 1000 | 1007 |
| **Crown Castle, Inc.**  |  |  |
| 1.350% due 07/15/2025  | 15835 | 15815 |
| 4.450% due 02/15/2026  | 2678 | 2675 |
| **Danske Bank AS**  |  |  |
| 1.621% due 09/11/2026 •  | 7500 | 7454 |
| 6.259% due 09/22/2026 •  | 2985 | 2994 |
| **DBS Group Holdings Ltd.** <br>5.010% due 03/21/2028 ~ | 20400 | 20443 |
| **Deutsche Bank AG**  |  |  |
| 2.129% due 11/24/2026 •  | 25845 | 25586 |
| 4.100% due 01/13/2026  | 1924 | 1918 |
| 6.119% due 07/14/2026 •  | 43553 | 43572 |
| **DNB Bank ASA**  |  |  |
| 1.127% due 09/16/2026 •  | 2500 | 2482 |
| 5.896% due 10/09/2026 •  | 1700 | 1706 |
| **Equitable Financial Life Global Funding**  |  |  |
| 4.600% due 04/01/2027  | 9500 | 9541 |
| 4.875% due 11/19/2027  | 6100 | 6177 |
| **F&G Global Funding**  |  |  |
| 5.150% due 07/07/2025  | 2400 | 2400 |
| 5.875% due 01/16/2030  | 2600 | 2675 |
| **Federation des Caisses Desjardins du Quebec** <br>4.985% due 01/27/2027 ~ | 25000 | 25022 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 4.134% due 08/04/2025  | 11876 | 11864 |
| 4.389% due 01/08/2026  | 2650 | 2639 |
| 6.950% due 03/06/2026  | 4046 | 4086 |
| **GA Global Funding Trust**  |  |  |
| 1.625% due 01/15/2026  | 7466 | 7340 |
| 4.400% due 09/23/2027  | 17800 | 17771 |
| **General Motors Financial Co., Inc.** <br>5.395% due 07/15/2027 ~ | 8100 | 8090 |
| **Goldman Sachs Bank USA**  |  |  |
| 5.125% due 05/21/2027 ~  | 5400 | 5417 |
| 5.175% due 03/18/2027 ~  | 3200 | 3209 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 1.093% due 12/09/2026 •  | 3000 | 2954 |
| 1.431% due 03/09/2027 •  | 10092 | 9875 |
| 1.542% due 09/10/2027 •  | 3416 | 3299 |
| 1.948% due 10/21/2027 •  | 2000 | 1937 |
| 5.182% due 12/09/2026 •  | 1000 | 1002 |
| 5.202% due 03/09/2027 •  | 1457 | 1459 |
| 5.214% due 09/10/2027 ~  | 3940 | 3946 |
| 5.498% due 02/24/2028 ~  | 4000 | 4014 |
| 5.798% due 08/10/2026 •  | 14541 | 14562 |
| 6.249% due 03/15/2028 ~  | 3305 | 3369 |
| **Great-West Lifeco U.S. Finance LP** <br>0.904% due 08/12/2025 | 7185 | 7151 |
| **HAT Holdings LLC** <br>3.375% due 06/15/2026 | 440 | 431 |
| **HSBC Holdings PLC**  |  |  |
| 4.292% due 09/12/2026 •  | 3550 | 3547 |
| 5.887% due 08/14/2027 •  | 4159 | 4219 |
| 5.932% due 08/14/2027 ~  | 5700 | 5752 |
| 5.966% (US0003M + 1.380%) due 09/12/2026 ~  | 5990 | 6007 |
| **ING Bank Australia Ltd.** <br>4.695% due 12/08/2025 ~ | 25350 | 16732 |
| **ING Groep NV**  |  |  |
| 1.400% due 07/01/2026 •  | $7189 | 7189 |
| 5.423% due 04/01/2027 •  | 8000 | 8023 |

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<br> Consolidated Schedule of Investments PIMCO Short Asset Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Intesa** **Sanpaolo SpA** <br>7.000% due 11/21/2025 | 2000 | 2016 |
| **Jackson National Life Global Funding**  |  |  |
| 4.900% due 01/13/2027  | 7550 | 7607 |
| 5.500% due 01/09/2026  | 8400 | 8437 |
| 5.600% due 04/10/2026  | 3500 | 3530 |
| **John Deere Capital Corp.** <br>4.828% due 10/22/2025 •  | 600 | 600 |
| **JPMorgan Chase & Co.**  |  |  |
| 1.045% due 11/19/2026 •  | 3400 | 3354 |
| 1.578% due 04/22/2027 •  | 12913 | 12616 |
| 3.960% due 01/29/2027 •  | 12254 | 12223 |
| 5.270% due 04/22/2028 ~  | 36822 | 36935 |
| **Lloyds Banking Group PLC**  |  |  |
| 5.434% due 11/26/2028 ~  | 20900 | 20951 |
| 5.920% due 01/05/2028 ~  | 6600 | 6669 |
| **Metropolitan Life Global Funding** <br>4.205% due 12/01/2025 •  | 40420 | 26610 |
| **Mizuho Bank Ltd.**  |  |  |
| 4.564% due 09/14/2026 ~  | 2200 | 1455 |
| 4.584% due 02/23/2026 ~  | 22600 | 14918 |
| 4.610% due 08/22/2025 ~  | 6000 | 3951 |
| **Mizuho Financial Group, Inc.** <br>5.446% due 05/13/2031 ~ | $7500 | 7504 |
| **Morgan Stanley** <br>5.050% due 01/28/2027 •  | 11000 | 11035 |
| **Morgan Stanley Bank NA**  |  |  |
| 5.016% due 01/12/2029 •  | 7000 | 7110 |
| 5.030% due 10/15/2027 ~  | 46850 | 46890 |
| **MUFG Bank Ltd.** <br>4.678% due 02/17/2026 ~ | 39200 | 25884 |
| **National Bank of Canada** <br>5.312% due 03/25/2027 •  | $9325 | 9335 |
| **NatWest Markets PLC**  |  |  |
| 5.055% due 08/12/2025  | 50950 | 33563 |
| 5.174% due 09/29/2026 ~  | $6087 | 6105 |
| **New York Life Global Funding**  |  |  |
| 4.770% due 02/05/2027 ~  | 10000 | 9982 |
| 5.053% due 10/24/2025 ~  | 15000 | 15020 |
| **Nissan Motor Acceptance Co. LLC**  |  |  |
| 1.850% due 09/16/2026  | 26510 | 25301 |
| 2.000% due 03/09/2026  | 4000 | 3902 |
| **Nomura Holdings, Inc.**  |  |  |
| 1.653% due 07/14/2026  | 2000 | 1943 |
| 1.851% due 07/16/2025  | 7438 | 7429 |
| 5.099% due 07/03/2025  | 2000 | 2000 |
| 5.709% due 01/09/2026  | 20523 | 20631 |
| **Nordea Bank Abp** <br>5.145% due 03/19/2027 ~ | 10600 | 10656 |
| **Oversea-Chinese Banking Corp. Ltd.** <br>4.588% due 05/18/2026 ~ | 19000 | 12547 |
| **Pacific Life Global Funding**  |  |  |
| 4.955% due 01/27/2028 ~  | $29000 | 28982 |
| 5.009% due 06/04/2026 ~  | 1600 | 1606 |
| 5.500% due 08/28/2026  | 2320 | 2355 |
| **PNC Bank NA** <br>4.845% due 01/15/2027 ~ | 24600 | 24612 |
| **Public Storage Operating Co.** <br>4.954% due 07/25/2025 ~ | 4400 | 4401 |
| **Royal Bank of Canada**  |  |  |
| 4.819% due 08/03/2026 ~  | 9500 | 9507 |
| 4.950% due 11/02/2026 ~  | 600 | 601 |
| 5.068% due 10/18/2027 ~  | 15000 | 15019 |
| 5.142% due 07/23/2027 ~  | 8000 | 8027 |
| 5.183% due 01/24/2029 ~  | 8700 | 8689 |
| 5.208% due 10/18/2028 ~  | 2292 | 2296 |
| 5.234% due 03/27/2028 ~  | 9325 | 9357 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 1.532% due 08/21/2026 •  | 38971 | 38792 |
| 4.858% due 09/11/2030 •  | 5000 | 4995 |
| **Shinhan Bank Co. Ltd.**  |  |  |
| 1.183% due 09/29/2025  | 600 | 392 |
| 5.747% due 11/16/2025 ~  | 23780 | 15742 |
| **Skandinaviska Enskilda Banken AB** <br>5.280% due 03/05/2027 ~ | $18866 | 18994 |
| **Standard Chartered PLC** <br>1.456% due 01/14/2027 •  | 16736 | 16458 |
| **Sumitomo Mitsui Banking Corp.**  |  |  |
| 4.644% due 02/20/2026 ~  | 33500 | 22119 |
| 4.946% due 07/28/2026 ~  | 5000 | 3313 |
| **Sumitomo Mitsui Financial Group, Inc.**  |  |  |
| 5.226% due 01/14/2027 ~  | $20400 | 20505 |
| 5.646% due 07/13/2026 ~  | 5160 | 5211 |
| 5.776% due 01/13/2026 ~  | 15113 | 15204 |
| **Sumitomo Mitsui Trust Bank Ltd.**  |  |  |
| 5.517% due 03/09/2026 ~  | 2655 | 2670 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short Asset Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.546% due 09/14/2026 ~  | 9350 | 9424 |
| 5.554% due 09/14/2026 ~  | 6300 | 6350 |
| 5.650% due 09/14/2026  | 4892 | 4969 |
| **Svenska Handelsbanken AB** <br>4.161% due 03/04/2026 ~ | 5200 | 3421 |
| **Swedbank AB**  |  |  |
| 5.337% due 09/20/2027  | $34955 | 35674 |
| 6.136% due 09/12/2026  | 14400 | 14713 |
| **Synchrony Bank** <br>5.400% due 08/22/2025 | 6500 | 6499 |
| **Toronto-Dominion Bank**  |  |  |
| 4.362% due 03/17/2026 ~  | 2500 | 1645 |
| 4.414% due 03/16/2026 ~  | 7500 | 4946 |
| 4.500% due 07/28/2025  | 2845 | 1873 |
| 4.825% due 10/10/2025 ~  | $4000 | 4003 |
| **Toyota Motor Credit Corp.** <br>5.260% due 05/18/2026 ~ | 3500 | 3518 |
| **UBS AG**  |  |  |
| 4.210% due 02/26/2026 ~  | 7000 | 4610 |
| 4.745% due 07/30/2025 ~  | 17200 | 11325 |
| 5.100% due 05/12/2026 ~  | 23800 | 15778 |
| **UBS Group AG**  |  |  |
| 1.364% due 01/30/2027 •  | $2000 | 1964 |
| 5.711% due 01/12/2027 •  | 1500 | 1509 |
| 6.373% due 07/15/2026 •  | 5593 | 5598 |
| **United Overseas Bank Ltd.**  |  |  |
| 4.444% due 03/16/2026 ~  | 10500 | 6925 |
| 4.921% due 04/02/2028 ~  | $24900 | 24948 |
| **Ventas Realty LP** <br>4.125% due 01/15/2026 | 1600 | 1594 |
| **Wells Fargo & Co.** <br>5.133% due 01/24/2028 ~ | 8000 | 8007 |
| **Weyerhaeuser Co.** <br>4.750% due 05/15/2026 | 24200 | 24252 |
|  |  | 1819000 |
| **INDUSTRIALS 11.0%**  |  |  |
| **7-Eleven, Inc.** <br>0.950% due 02/10/2026 | 17945 | 17551 |
| **Algonquin Power & Utilities Corp.** <br>5.365% due 06/15/2026 | 2925 | 2941 |
| **BAT International Finance PLC** <br>1.668% due 03/25/2026 | 4674 | 4578 |
| **Bayer U.S. Finance LLC**  |  |  |
| 4.250% due 12/15/2025  | 61531 | 61365 |
| 4.375% due 12/15/2028  | 1500 | 1486 |
| 5.500% due 08/15/2025  | 700 | 700 |
| **Berry Global, Inc.**  |  |  |
| 1.570% due 01/15/2026  | 22359 | 21962 |
| 4.875% due 07/15/2026  | 21270 | 21261 |
| **BMW U.S. Capital LLC**  |  |  |
| 5.185% due 03/19/2027 ~  | 3200 | 3203 |
| 5.326% due 03/21/2028 ~  | 8300 | 8280 |
| **Boeing Co.**  |  |  |
| 2.196% due 02/04/2026  | 8772 | 8636 |
| 2.250% due 06/15/2026  | 983 | 961 |
| 2.600% due 10/30/2025  | 10404 | 10316 |
| 2.750% due 02/01/2026  | 20000 | 19775 |
| **Canadian Natural Resources Ltd.**  |  |  |
| 2.050% due 07/15/2025  | 3094 | 3090 |
| 5.000% due 12/15/2029  | 3900 | 3937 |
| **Cigna Group** <br>4.500% due 02/25/2026 | 1700 | 1699 |
| **Conagra Brands, Inc.** <br>4.600% due 11/01/2025 | 16418 | 16402 |
| **Cox Communications, Inc.** <br>3.350% due 09/15/2026 | 3814 | 3756 |
| **DR Horton, Inc.** <br>1.300% due 10/15/2026 | 6000 | 5770 |
| **Elevance Health, Inc.** <br>4.750% due 02/15/2030 | 5200 | 5265 |
| **Enbridge Energy Partners LP** <br>5.875% due 10/15/2025 | 3451 | 3454 |
| **Energy Transfer LP**  |  |  |
| 4.750% due 01/15/2026  | 1000 | 1000 |
| 5.950% due 12/01/2025  | 1530 | 1533 |
| **ERAC USA Finance LLC** <br>3.800% due 11/01/2025 | 800 | 798 |
| **Flex Ltd.** <br>3.750% due 02/01/2026 | 32673 | 32464 |
| **General Motors Co.** <br>6.125% due 10/01/2025 | 1625 | 1628 |
| **Gilead Sciences, Inc.** <br>1.200% due 10/01/2027 | 2000 | 1878 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short Asset Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Harley** **-Davidson, Inc.** <br>3.500% due 07/28/2025 | 17788 | 17763 |
| **HCA, Inc.**  |  |  |
| 5.257% due 03/01/2028 ~  | 3000 | 3018 |
| 5.875% due 02/15/2026  | 5000 | 5006 |
| **Home Depot, Inc.** <br>4.735% due 12/24/2025 ~ | 200 | 200 |
| **Hyundai Capital America**  |  |  |
| 3.500% due 11/02/2026  | 2286 | 2255 |
| 5.250% due 01/08/2027  | 4821 | 4867 |
| 5.402% due 03/25/2027 ~  | 8500 | 8488 |
| 5.509% due 08/04/2025 •  | 1410 | 1411 |
| 5.679% due 11/03/2025 ~  | 1150 | 1154 |
| 5.847% due 01/08/2027 ~  | 10400 | 10465 |
| **Illumina, Inc.** <br>5.800% due 12/12/2025 | 13832 | 13893 |
| **Imperial Brands Finance PLC**  |  |  |
| 3.500% due 07/26/2026  | 5200 | 5140 |
| 4.250% due 07/21/2025  | 567 | 567 |
| 4.500% due 06/30/2028 (a)  | 6000 | 6000 |
| **International Flavors & Fragrances, Inc.** <br>1.230% due 10/01/2025 | 3247 | 3216 |
| **Kraft Heinz Foods Co.** <br>3.000% due 06/01/2026 | 4339 | 4283 |
| **Lonsdale Finance Pty. Ltd.** <br>3.900% due 10/15/2025 | 10330 | 6793 |
| **Mercedes-Benz Finance North America LLC**  |  |  |
| 4.985% due 07/31/2026 ~  | $17575 | 17584 |
| 5.012% due 01/09/2026 ~  | 34710 | 34753 |
| **Microchip Technology, Inc.** <br>4.250% due 09/01/2025 | 9611 | 9600 |
| **MPLX LP** <br>1.750% due 03/01/2026 | 13071 | 12821 |
| **NXP BV** <br>5.350% due 03/01/2026 | 11295 | 11350 |
| **Penske Truck Leasing Co. LP**  |  |  |
| 1.200% due 11/15/2025  | 6000 | 5922 |
| 4.000% due 07/15/2025  | 15071 | 15068 |
| **QatarEnergy** <br>1.375% due 09/12/2026 | 3900 | 3762 |
| **Rolls-Royce PLC** <br>3.625% due 10/14/2025 | 8100 | 8089 |
| **Sydney Airport Finance Co. Pty. Ltd.** <br>3.625% due 04/28/2026 | 31100 | 30864 |
| **Synopsys, Inc.** <br>4.650% due 04/01/2028 | 13000 | 13135 |
| **T-Mobile USA, Inc.** <br>2.250% due 02/15/2026 | 2384 | 2349 |
| **Toyota Finance Australia Ltd.** <br>5.021% due 04/06/2026 ~ | 2050 | 1352 |
| **Uber Technologies, Inc.** <br>6.250% due 01/15/2028 | $8279 | 8324 |
| **Volkswagen Group of America Finance LLC**  |  |  |
| 1.250% due 11/24/2025  | 12548 | 12378 |
| 4.625% due 11/13/2025  | 515 | 515 |
| 4.900% due 08/14/2026  | 5583 | 5595 |
| 5.236% due 03/20/2026 ~  | 24700 | 24706 |
| 5.327% due 09/12/2025 ~  | 6055 | 6060 |
| 5.400% due 03/20/2026  | 6234 | 6264 |
| 5.428% due 08/14/2026 ~  | 3215 | 3226 |
| **Woodside Finance Ltd.** <br>3.700% due 09/15/2026 | 5000 | 4950 |
| **Zoetis, Inc.** <br>5.400% due 11/14/2025 | 2272 | 2277 |
|  |  | 601152 |
| **UTILITIES 4.3%**  |  |  |
| **American Electric Power Co., Inc.**  |  |  |
| 1.000% due 11/01/2025  | 6233 | 6157 |
| 5.699% due 08/15/2025  | 5800 | 5805 |
| **AT&T, Inc.** <br>4.000% due 11/25/2025 (e) | 10000 | 7358 |
| **Black Hills Corp.** <br>3.950% due 01/15/2026 | $11741 | 11678 |
| **Edison International** <br>4.700% due 08/15/2025 | 6850 | 6840 |
| **Enel Finance International NV**  |  |  |
| 1.625% due 07/12/2026  | 4980 | 4834 |
| 7.050% due 10/14/2025  | 8387 | 8437 |
| **Eversource Energy** <br>0.800% due 08/15/2025 | 1840 | 1830 |
| **KT Corp.** <br>4.000% due 08/08/2025 | 7100 | 7095 |
| **NextEra Energy Capital Holdings, Inc.** <br>5.116% due 01/29/2026 ~ | 14750 | 14785 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short Asset Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **ONEOK** **, Inc.**  |  |  |
| 2.200% due 09/15/2025  | 2100 | 2088 |
| 4.250% due 09/24/2027  | 8300 | 8290 |
| 5.850% due 01/15/2026  | 11001 | 11058 |
| **Optus Finance Pty. Ltd.** <br>1.600% due 07/01/2025 | 1500 | 987 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.950% due 03/01/2026  | $1646 | 1625 |
| 3.150% due 01/01/2026  | 30102 | 29818 |
| 3.450% due 07/01/2025  | 9461 | 9461 |
| 5.339% due 09/04/2025 ~  | 39152 | 39153 |
| **Pinnacle West Capital Corp.** <br>5.214% due 06/10/2026 ~ | 4388 | 4396 |
| **Plains All American Pipeline LP** <br>4.650% due 10/15/2025 | 1060 | 1060 |
| **SA Global Sukuk Ltd.** <br>1.602% due 06/17/2026 | 3500 | 3401 |
| **Southern California Edison Co.**  |  |  |
| 1.200% due 02/01/2026  | 9200 | 8970 |
| 3.700% due 08/01/2025  | 5854 | 5847 |
| 4.400% due 09/06/2026  | 9191 | 9179 |
| 4.700% due 06/01/2027  | 900 | 903 |
| 4.900% due 06/01/2026  | 9700 | 9710 |
| 5.350% due 03/01/2026  | 12600 | 12665 |
| **Southern California Gas Co.** <br>2.600% due 06/15/2026 | 1195 | 1174 |
|  |  | 234604 |
| Total Corporate Bonds & Notes (Cost $2,644,999) |  | 2654756 |
| **U.S. GOVERNMENT AGENCIES 17.8%**  |  |  |
| **Fannie Mae**  |  |  |
| 1.250% due 05/25/2043 | 4150 | 3812 |
| 1.375% due 12/25/2027 | 3264 | 3178 |
| 1.500% due 07/25/2032 | 2105 | 2056 |
| 1.750% due 06/25/2027 - 11/25/2031 | 2453 | 2403 |
| 2.500% due 01/25/2026 - 03/25/2044 | 93 | 92 |
| 2.750% due 02/25/2044 | 51 | 50 |
| 3.000% due 06/25/2032 - 02/25/2044 | 610 | 604 |
| 3.500% due 06/25/2048 | 3724 | 3569 |
| 4.720% due 01/25/2048 •  | 1258 | 1238 |
| 4.764% due 03/25/2048 - 06/25/2048 •  | 6154 | 6082 |
| 4.784% due 01/25/2045 •  | 1853 | 1810 |
| 4.786% due 12/25/2048 •  | 7713 | 7563 |
| 4.814% due 10/25/2044 - 05/25/2058 •  | 29911 | 29592 |
| 4.820% due 09/25/2043 - 07/25/2050 •  | 11983 | 11579 |
| 4.864% due 07/25/2044 - 09/25/2049 •  | 10292 | 10185 |
| 4.870% due 07/25/2049 - 08/25/2049 •  | 18218 | 17700 |
| 4.884% due 11/25/2046 •  | 1209 | 1186 |
| 4.904% due 12/25/2046 •  | 943 | 934 |
| 4.914% due 07/25/2046 •  | 11038 | 10967 |
| 4.920% due 12/25/2049 - 01/25/2050 •  | 6882 | 6690 |
| 5.150% due 01/25/2051 •  | 5268 | 5272 |
| 5.205% due 09/25/2054 •  | 85195 | 84914 |
| 5.255% due 03/25/2055 •  | 2663 | 2666 |
| 5.305% due 05/25/2055 •  | 9172 | 9167 |
| 5.355% due 05/25/2055 •  | 6047 | 6084 |
| 5.402% due 07/25/2055 •  | 5800 | 5802 |
| 5.405% due 12/25/2054 •  | 10028 | 10025 |
| 5.455% due 01/25/2055 - 03/25/2055 •  | 44647 | 44647 |
| 5.465% due 03/25/2055 •  | 17255 | 17261 |
| 5.505% due 12/25/2053 •  | 7424 | 7443 |
| 5.555% due 11/25/2053 - 02/25/2055 •  | 24624 | 24725 |
| 5.810% due 06/01/2031 | 5600 | 5811 |
| **Freddie Mac**  |  |  |
| 1.000% due 02/25/2042 - 09/15/2044 | 38275 | 33287 |
| 1.500% due 03/15/2041 - 12/15/2042 | 4854 | 4425 |
| 2.500% due 10/25/2048 | 1765 | 1616 |
| 2.745% due 01/25/2026 | 4668 | 4619 |
| 2.750% due 12/15/2041 - 03/15/2045 | 3390 | 3348 |
| 3.000% due 09/15/2032 - 10/15/2040 | 1522 | 1506 |
| 3.208% due 02/25/2026 | 4492 | 4460 |
| 4.750% due 02/28/2028 | 21600 | 21605 |
| 4.784% due 05/15/2038 •  | 1760 | 1784 |
| 4.794% due 05/15/2041 •  | 1564 | 1544 |
| 4.804% due 06/15/2040 •  | 1538 | 1500 |
| 4.814% due 12/15/2036 - 09/15/2044 •  | 82886 | 81818 |
| 4.818% due 06/15/2035 - 12/15/2046 •  | 8359 | 8232 |
| 4.848% due 06/15/2036 •  | 594 | 590 |
| 4.864% due 01/15/2037 - 01/15/2040 •  | 1621 | 1599 |
| 4.868% due 09/15/2048 - 08/15/2049 •  | 3493 | 3387 |
| 4.904% due 11/15/2042 •  | 848 | 842 |
| 4.914% due 12/15/2037 - 05/15/2038 •  | 1871 | 1834 |
| 5.245% due 11/25/2054 •  | 80316 | 80152 |
| 5.250% due 12/15/2050 •  | 9767 | 9760 |
| 5.255% due 10/25/2054 - 03/25/2055 •  | 61714 | 61584 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short Asset Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.305% due 10/25/2052 - 06/25/2055 •  | 49962 | 49527 |
| 5.306% due 06/25/2055 «•  | 8400 | 8410 |
| 5.404% due 07/25/2055 •  | 9800 | 9803 |
| 5.405% due 01/25/2055 •  | 21651 | 21643 |
| 5.455% due 05/25/2054 - 03/25/2055 •  | 58215 | 58208 |
| 5.505% due 12/25/2054 •  | 12808 | 12841 |
| **Ginnie Mae**  |  |  |
| 2.500% due 01/20/2049 - 10/20/2049 | 2964 | 2650 |
| 4.000% due 07/20/2049 •  | 1005 | 921 |
| 4.732% due 03/20/2037 •  | 761 | 751 |
| 4.742% due 04/20/2037 •  | 560 | 554 |
| 4.839% due 02/20/2043 •  | 13764 | 13639 |
| 4.882% due 04/20/2049 •  | 4400 | 4300 |
| 4.916% due 06/20/2067 •  | 125 | 125 |
| 4.946% due 04/20/2061 •  | 129 | 129 |
| 5.146% due 04/20/2070 •  | 11001 | 10969 |
| 5.196% due 08/20/2067 •  | 801 | 805 |
| 5.202% due 07/20/2074 •  | 21252 | 21327 |
| 5.204% due 06/20/2055 •  | 36000 | 36023 |
| 5.218% due 08/20/2062 ~ | 252 | 253 |
| 5.227% due 06/20/2067 •  | 1620 | 1641 |
| 5.252% due 01/20/2054 - 05/20/2055 •  | 8649 | 8656 |
| 5.402% due 05/20/2073 •  | 3208 | 3257 |
| 5.592% due 04/20/2067 •  | 1784 | 1807 |
| 5.656% due 11/20/2067 •  | 647 | 657 |
| 6.111% due 09/20/2067 •  | 3540 | 3597 |
| 6.717% due 07/20/2067 •  | 3026 | 3072 |
| **Uniform Mortgage-Backed Security**<br>2.500% due 12/01/2032 - 02/01/2035 | 22900 | 22103 |
| Total U.S. Government Agencies (Cost $983,037) |  | 972267 |
| **U.S. TREASURY OBLIGATIONS 0.4%**  |  |  |
| **U.S. Treasury Inflation Protected Securities (d)** |  |  |
| 2.125% due 04/15/2029 (g)(i)(k) | 18978 | 19493 |
| Total U.S. Treasury Obligations (Cost $18,993) |  | 19493 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 5.0%**  |  |  |
| **Ashford Hospitality Trust** <br>5.384% due 04/15/2035 •  | 1986 | 1976 |
| **Avon Finance** <br>5.139% due 12/28/2049 •  | 17589 | 24184 |
| **BBCCRE Trust** <br>3.966% due 08/10/2033 | $2000 | 1849 |
| **BCP Trust** <br>5.225% due 06/15/2038 •  | 5000 | 4511 |
| **BSREP Commercial Mortgage Trust** <br>5.376% due 08/15/2038 •  | 3749 | 3568 |
| **BX Commercial Mortgage Trust** <br>5.156% due 10/15/2036 •  | 5385 | 5385 |
| **BX Trust** <br>5.326% due 10/15/2036 •  | 37600 | 37578 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>5.805% due 06/25/2055 •  | 5351 | 5369 |
| **Credit Suisse Commercial Mortgage Trust** <br>5.493% due 06/15/2034 •  | 1231 | 1188 |
| **DROP Mortgage Trust** <br>5.576% due 10/15/2043 •  | 25400 | 24672 |
| **Extended Stay America Trust** <br>5.506% due 07/15/2038 •  | 49319 | 49363 |
| **Finsbury Square Green PLC** <br>4.889% due 12/16/2067 •  | 1108 | 1520 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 5.436% due 06/15/2038 •  | $9000 | 8851 |
| 5.476% due 04/15/2038 •  | 7447 | 7451 |
| **Lehman XS Trust** <br>4.974% due 12/25/2035 •  | 292 | 273 |
| **MFA Trust**  |  |  |
| 1.131% due 07/25/2060 ~  | 14970 | 13640 |
| 1.381% due 04/25/2065 ~  | 2438 | 2367 |
| **New Residential Mortgage Loan Trust** <br>3.500% due 12/25/2057 ~ | 2107 | 2044 |
| **OBX Trust** <br>5.988% due 01/25/2064 þ | 4585 | 4619 |
| **RCKT Mortgage Trust** <br>5.582% due 12/25/2044 þ | 9399 | 9446 |
| **Starwood Mortgage Residential Trust** <br>1.486% due 04/25/2065 ~ | 595 | 575 |
| **Taurus U.K. DAC** <br>5.087% due 05/17/2031 •  | 15784 | 21630 |
| **Towd Point Mortgage Trust**  |  |  |
| 2.710% due 01/25/2060 ~  | $8738 | 8395 |
| 2.900% due 10/25/2059 ~  | 3725 | 3579 |
| **Tower** **Bridge Funding PLC** <br>5.029% due 12/20/2066 •  | 595 | 817 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short Asset Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **UWM Mortgage Trust** <br>5.000% due 12/25/2051 •  | $10248 | 9573 |
| **VASA Trust** <br>5.326% due 07/15/2039 •  | 14500 | 14102 |
| **Verus Securitization Trust**  |  |  |
| 1.262% due 10/25/2063 ~  | 116 | 112 |
| 5.712% due 01/25/2069 þ  | 6473 | 6490 |
| Total Non-Agency Mortgage-Backed Securities (Cost $278,681) |  | 275127 |
| **ASSET-BACKED SECURITIES 18.2%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.6%**  |  |  |
| **BMW Vehicle Lease Trust** <br>4.705% due 07/27/2026 •  | 881 | 881 |
| **M&T Bank Auto Receivables Trust** <br>4.804% due 05/15/2028 •  | 9200 | 9211 |
| **MBarc Credit Canada, Inc.** <br>5.299% due 10/15/2026 | 12957 | 9548 |
| **Toyota Lease Owner Trust** <br>4.742% due 02/22/2027 •  | $7518 | 7517 |
| **Volkswagen Auto Lease Trust** <br>4.772% due 12/21/2026 •  | 6005 | 6007 |
|  |  | 33164 |
| **AUTOMOBILE SEQUENTIAL 4.6%**  |  |  |
| **CarMax Auto Owner Trust** <br>4.590% due 07/17/2028 | 4100 | 4115 |
| **Carvana Auto Receivables Trust**  |  |  |
| 4.550% due 05/10/2030  | 3000 | 3017 |
| 4.640% due 01/10/2030  | 2000 | 2013 |
| 5.500% due 08/10/2027  | 1125 | 1126 |
| **Chase Auto Owner Trust**  |  |  |
| 4.400% due 11/26/2027  | 127 | 126 |
| 4.940% due 07/25/2029  | 5300 | 5350 |
| 5.250% due 09/27/2027  | 2128 | 2133 |
| 5.480% due 04/26/2027  | 1241 | 1243 |
| 5.680% due 01/25/2029  | 2000 | 2023 |
| **Citizens Auto Receivables Trust** <br>5.430% due 10/15/2026 | 3644 | 3647 |
| **Enterprise Fleet Financing LLC**  |  |  |
| 4.690% due 07/20/2027  | 10000 | 10016 |
| 5.760% due 10/22/2029  | 1748 | 1755 |
| **Ford Credit Auto Owner Trust** <br>5.400% due 04/15/2027 | 11149 | 11179 |
| **GM Financial Automobile Leasing Trust**  |  |  |
| 4.540% due 05/20/2027  | 25000 | 25037 |
| 4.550% due 07/20/2027  | 21000 | 21059 |
| 5.180% due 06/22/2026  | 2490 | 2491 |
| **GM Financial Consumer Automobile Receivables Trust**  |  |  |
| 4.880% due 08/16/2028  | 3000 | 3018 |
| 5.100% due 03/16/2029  | 7000 | 7065 |
| 5.450% due 06/16/2028  | 3232 | 3253 |
| **GM Financial Revolving Receivables Trust** <br>4.980% due 12/11/2036 | 5000 | 5117 |
| **Harley-Davidson Motorcycle Trust** <br>4.710% due 07/17/2028 | 13400 | 13449 |
| **Hertz Vehicle Financing LLC** <br>6.150% due 03/25/2030 | 5000 | 5223 |
| **Huntington Auto Trust** <br>5.500% due 03/15/2027 | 2113 | 2116 |
| **Hyundai Auto Lease Securitization Trust** <br>4.770% due 03/15/2027 | 10845 | 10866 |
| **Hyundai Auto Receivables Trust** <br>4.990% due 02/15/2029 | 5100 | 5148 |
| **M&T Bank Auto Receivables Trust**  |  |  |
| 5.220% due 02/17/2032  | 4940 | 5002 |
| 5.590% due 02/17/2032  | 4490 | 4501 |
| **Mercedes-Benz Auto Lease Trust** <br>4.570% due 12/15/2026 | 1746 | 1746 |
| **Nissan Auto Lease Trust** <br>4.920% due 11/15/2027 | 5000 | 5056 |
| **SBNA Auto Lease Trust** <br>5.560% due 11/22/2027 | 11300 | 11396 |
| **SFS Auto Receivables Securitization Trust**  |  |  |
| 4.650% due 05/22/2028  | 3934 | 3936 |
| 5.350% due 06/21/2027  | 2087 | 2088 |
| 5.470% due 10/20/2028  | 3578 | 3602 |
| **Tesla Auto Lease Trust** <br>5.370% due 06/22/2026 | 239 | 239 |
| **Toyota Auto Receivables Owner Trust** <br>4.460% due 03/15/2028 | 9300 | 9316 |
| **Toyota** **Lease Owner Trust**  |  |  |
| 4.210% due 09/20/2027  | 5000 | 5000 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short Asset Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.580% due 07/20/2027  | 41600 | 41712 |
| **World Omni Auto Receivables Trust**  |  |  |
| 4.430% due 12/17/2029  | 5000 | 5022 |
| 4.780% due 01/18/2028  | 1525 | 1526 |
| 5.150% due 11/15/2028  | 3727 | 3744 |
|  |  | 255471 |
| **CMBS OTHER 0.3%**  |  |  |
| **BXMT Ltd.** <br>6.328% due 11/15/2037 •  | 8596 | 8587 |
| **GPMT Ltd.** <br>5.784% due 12/15/2036 •  | 1886 | 1846 |
| **HERA Commercial Mortgage Ltd.** <br>5.479% due 02/18/2038 •  | 618 | 618 |
| **LoanCore Issuer Ltd.** <br>5.726% due 07/15/2036 •  | 529 | 529 |
| **MF1 Ltd.** <br>6.128% due 12/15/2035 •  | 3864 | 3872 |
|  |  | 15452 |
| **CREDIT CARD BULLET 1.2%**  |  |  |
| **American Express Credit Account Master Trust** <br>5.230% due 09/15/2028 | 3100 | 3136 |
| **Bank of America Credit Card Trust** <br>4.930% due 05/15/2029 | 11000 | 11169 |
| **CARDS Trust** <br>4.630% due 03/15/2031 | 10700 | 10799 |
| **Golden Credit Card Trust** <br>4.310% due 09/15/2027 | 22000 | 21993 |
| **Master Credit Card Trust** <br>4.700% due 06/21/2027 | 6400 | 6403 |
| **Synchrony Card Funding LLC** <br>5.040% due 03/15/2030 | 10600 | 10747 |
|  |  | 64247 |
| **CREDIT CARD OTHER 0.9%**  |  |  |
| **Trillium Credit Card Trust** <br>5.226% due 08/26/2028 •  | 50000 | 50037 |
| **OTHER ABS 10.6%**  |  |  |
| **37 Capital CLO Ltd.** <br>5.536% due 10/15/2034 •  | 6200 | 6206 |
| **522 Funding CLO Ltd.**  |  |  |
| 5.479% due 10/23/2034 •  | 1600 | 1601 |
| 5.571% due 10/20/2031 •  | 9799 | 9814 |
| **AlbaCore Euro CLO DAC** <br>3.269% due 07/15/2035 •  | 1500 | 1769 |
| **American Money Management Corp. CLO Ltd.** <br>5.469% due 01/20/2035 •  | $6400 | 6402 |
| **Anchorage Capital CLO Ltd.** <br>5.369% due 01/20/2035 •  | 2100 | 2095 |
| **Ares CLO Ltd.**  |  |  |
| 5.433% due 10/28/2034 •  | 19500 | 19522 |
| 5.568% due 01/15/2032 •  | 768 | 769 |
| **Ares European CLO DAC** <br>3.059% due 10/15/2031 •  | 8064 | 9486 |
| **Atlantic Avenue Ltd.** <br>5.529% due 01/20/2035 •  | $22000 | 21993 |
| **Bain Capital Credit CLO Ltd.**  |  |  |
| 5.299% due 10/21/2034 •  | 1000 | 995 |
| 5.509% due 07/19/2034 •  | 700 | 702 |
| **Black Diamond CLO DAC** <br>3.096% due 01/20/2032 •  | 115 | 135 |
| **Blackrock European CLO DAC** <br>2.899% due 10/15/2031 •  | 20829 | 24467 |
| **Cairn CLO DAC** <br>3.059% due 10/15/2031 •  | 18795 | 22105 |
| **Carlyle Euro CLO DAC** <br>3.033% due 08/15/2032 •  | 5294 | 6210 |
| **Carlyle Global Market Strategies CLO Ltd.** <br>5.359% due 07/20/2034 •  | $19100 | 19122 |
| **Carlyle Global Market Strategies Euro CLO Ltd.** <br>2.893% due 11/15/2031 •  | 11737 | 13835 |
| **Carval CLO Ltd.** <br>5.491% due 07/16/2031 •  | $3123 | 3128 |
| **CCG Receivables Trust** <br>4.480% due 10/14/2032 | 9200 | 9224 |
| **Commonbond Student Loan Trust** <br>2.550% due 05/25/2041 | 120 | 114 |
| **CQS** **U.S. CLO Ltd.** <br>5.469% due 01/20/2035 •  | 9100 | 9103 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short Asset Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Cumulus Static CLO DAC** <br>3.343% due 11/15/2033 •  | 6097 | 7200 |
| **Dryden CLO Ltd.** <br>5.530% due 01/17/2033 •  | $820 | 821 |
| **Dryden Euro CLO DAC**  |  |  |
| 2.939% due 04/15/2033 •  | 15317 | 18036 |
| 3.003% due 05/15/2034 •  | 12458 | 14659 |
| **ECMC Group Student Loan Trust** <br>5.170% due 02/27/2068 •  | $9482 | 9405 |
| **Elevation CLO Ltd.** <br>5.582% due 01/25/2035 •  | 4700 | 4702 |
| **Fortress Credit BSL Ltd.** <br>5.369% due 07/23/2032 •  | 7431 | 7439 |
| **Gallatin CLO Ltd.** <br>5.608% due 07/15/2031 •  | 14296 | 14331 |
| **GreatAmerica Leasing Receivables Funding LLC** <br>4.520% due 10/15/2027 | 2300 | 2304 |
| **Greywolf CLO Ltd.** <br>5.502% due 04/22/2033 •  | 800 | 802 |
| **Harvest CLO DAC**  |  |  |
| 1.040% due 07/15/2031  | 186 | 213 |
| 3.039% due 07/15/2031 •  | 12680 | 14947 |
| **ICG U.S. CLO Ltd.** <br>5.251% due 01/16/2033 •  | $9457 | 9456 |
| **Jamestown CLO Ltd.**  |  |  |
| 5.402% due 07/25/2034 •  | 7000 | 6980 |
| 5.552% due 07/25/2035 •  | 12800 | 12819 |
| **Jubilee CLO DAC** <br>2.929% due 04/15/2031 •  | 7196 | 8434 |
| **LCM Ltd.**  |  |  |
| 5.336% due 10/15/2034 •  | $5600 | 5586 |
| 5.611% due 04/20/2031 •  | 5828 | 5842 |
| **Madison Park Funding Ltd.**  |  |  |
| 5.256% due 10/15/2034 •  | 10000 | 10012 |
| 5.634% due 01/22/2035 •  | 3725 | 3727 |
| **Mountain View CLO Ltd.**  |  |  |
| 5.415% due 10/15/2034 •  | 19150 | 19133 |
| 5.716% due 04/15/2034 •  | 12700 | 12719 |
| **Navesink CLO Ltd.** <br>5.526% due 04/15/2036 •  | 4500 | 4502 |
| **Navient Private Education Refi Loan Trust**  |  |  |
| 1.310% due 01/15/2069  | 5594 | 5260 |
| 1.580% due 04/15/2070  | 6806 | 6155 |
| 1.690% due 05/15/2069  | 3133 | 2913 |
| 5.426% due 04/15/2069 •  | 2799 | 2786 |
| **Nelnet Student Loan Trust**  |  |  |
| 5.120% due 09/27/2038 •  | 6859 | 6827 |
| 5.286% due 02/25/2066 •  | 4605 | 4601 |
| **Northwoods Capital Ltd.** <br>5.508% due 06/15/2031 •  | 1506 | 1504 |
| **OAK Hill European Credit Partners DAC**  |  |  |
| 2.966% due 01/20/2032 •  | 1235 | 1454 |
| 2.976% due 10/20/2031 •  | 9038 | 10635 |
| **Ocean Trails CLO** <br>5.299% due 07/20/2034 •  | $20100 | 20103 |
| **Palmer Square European Loan Funding DAC** <br>3.170% due 10/15/2034 •  | 16050 | 18854 |
| **PFS Financing Corp.**  |  |  |
| 5.454% due 08/15/2027 •  | $38700 | 38732 |
| 5.520% due 10/15/2028  | 8000 | 8122 |
| **Post Road Equipment Finance LLC** <br>4.900% due 05/15/2031 | 2300 | 2314 |
| **Regatta Funding Ltd.** <br>5.456% due 01/15/2033 •  | 1266 | 1266 |
| **SLM Student Loan Trust**  |  |  |
| 4.870% due 06/25/2043 •  | 10887 | 10685 |
| 5.070% due 06/26/2028 •  | 6215 | 6128 |
| 5.070% due 12/27/2038 •  | 5618 | 5517 |
| **SMB Private Education Loan Trust**  |  |  |
| 1.290% due 07/15/2053  | 5834 | 5499 |
| 5.380% due 07/15/2053  | 4621 | 4718 |
| 5.526% due 07/15/2053 •  | 713 | 715 |
| 5.670% due 11/15/2052  | 4707 | 4837 |
| **Venture CLO Ltd.**  |  |  |
| 5.409% due 10/20/2034 •  | 5300 | 5294 |
| 5.578% due 07/15/2031 •  | 3298 | 3300 |
| **Verizon Master Trust** <br>4.170% due 08/20/2030 | 9200 | 9221 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short Asset Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Voya** **CLO Ltd.** <br>5.329% due 04/20/2034 •  | 8000 | 7970 |
|  |  | 578276 |
| Total Asset-Backed Securities (Cost $997,613) |  | 996647 |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Israel Government International Bond**  |  |  |
| 1.750% due 08/31/2025  | 39700 | 11739 |
| 5.000% due 10/30/2026  | 1700 | 2059 |
| **Korea National Oil Corp.** <br>5.192% due 03/31/2028 ~ | $3000 | 3001 |
| Total Sovereign Issues (Cost $15,464) |  | 16799 |
| **SHORT-TERM INSTRUMENTS 8.6%**  |  |  |
| **COMMERCIAL PAPER 2.2%**  |  |  |
| **Alimentation Couche-Tard, Inc.**  |  |  |
| 4.610% due 07/10/2025  | 29400 | 29362 |
| 4.640% due 07/29/2025  | 10100 | 10062 |
| 4.640% due 07/30/2025  | 15200 | 15141 |
| **CBRE Services, Inc.** <br>4.640% due 07/24/2025 | 18300 | 18241 |
| **Crown Castle, Inc.**  |  |  |
| 5.030% due 07/22/2025  | 16150 | 16101 |
| 5.030% due 07/24/2025  | 22100 | 22026 |
| **Northrop Grumman Corp.** <br>4.690% due 07/24/2025 | 9900 | 9869 |
|  |  | 120802 |
| **REPURCHASE AGREEMENTS (f) 6.0%** |  | 330456 |
| **U.S. TREASURY BILLS 0.4%**  |  |  |
| 4.302% due 07/01/2025 - 10/21/2025 (b)(c)(i)(k) | 19774 | 19673 |
| Total Short-Term Instruments (Cost $469,416) |  | 470931 |
| Total Investments in Securities (Cost $5,408,203) |  | 5406020 |
| Total Investments 98.9% (Cost $5,408,203) |  | $5406020 |
| **Financial Derivative Instruments (h)(j) (0.3)**%(Cost or Premiums, net $(4073)) |  | (17050) |
| Other Assets and Liabilities, net 1.4% |  | 74940 |
| Net Assets 100.0% |  | $5463910 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short Asset Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(c)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(d)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(e)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Issuer Description | Issuer Description | Maturity<br>Date | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost |  | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | 11/25/2025 | 11/25/2025 | 10/02/2020 | 10/02/2020 | 7547 | 7547 | $ | 7358 | 0.13% |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(f)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Lending<br>Rate | Settlement<br>Date | Maturity<br>Date |  | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BUS | 2.690%  | 06/17/2025 | 07/03/2025 | CAD | 40000 | &nbsp;&nbsp; Province of Ontario 4.650% due 06/02/2041 | &nbsp;&nbsp; Province of Ontario 4.650% due 06/02/2041 | &nbsp;&nbsp; Province of Ontario 4.650% due 06/02/2041 | &nbsp;&nbsp; Province of Ontario 4.650% due 06/02/2041 | (30528) | (30528) | 29374 | 29404 |
|  | 2.700  | 06/24/2025 | 07/08/2025 |  | 150000 | &nbsp;&nbsp; Province of British Columbia 4.450% due 12/18/2055 | &nbsp;&nbsp; Province of British Columbia 4.450% due 12/18/2055 | &nbsp;&nbsp; Province of British Columbia 4.450% due 12/18/2055 | &nbsp;&nbsp; Province of British Columbia 4.450% due 12/18/2055 | (113365) | (113365) | 110152 | 110209 |
| CEW | 2.720  | 06/27/2025 | 07/07/2025 |  | 170000 | &nbsp;&nbsp; Province of Alberta 3.100% due 06/01/2050 | &nbsp;&nbsp; Province of Alberta 3.100% due 06/01/2050 | &nbsp;&nbsp; Province of Alberta 3.100% due 06/01/2050 | &nbsp;&nbsp; Province of Alberta 3.100% due 06/01/2050 | (87847) | (87847) | 124839 | 124876 |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Quebec 3.100% - 3.500% due 12/01/2045 - 12/01/2051 | &nbsp;&nbsp; Province of Quebec 3.100% - 3.500% due 12/01/2045 - 12/01/2051 | &nbsp;&nbsp; Province of Quebec 3.100% - 3.500% due 12/01/2045 - 12/01/2051 | &nbsp;&nbsp; Province of Quebec 3.100% - 3.500% due 12/01/2045 - 12/01/2051 | (41382) | (41382) |  |  |
|  | 2.730  | 06/25/2025 | 07/03/2025 |  | 40000 | &nbsp;&nbsp; Province of Quebec 4.200% due 12/01/2057 | &nbsp;&nbsp; Province of Quebec 4.200% due 12/01/2057 | &nbsp;&nbsp; Province of Quebec 4.200% due 12/01/2057 | &nbsp;&nbsp; Province of Quebec 4.200% due 12/01/2057 | (30136) | (30136) | 29374 | 29387 |
| TOR | 2.700  | 06/25/2025 | 07/03/2025 |  | 50000 | &nbsp;&nbsp; Province of Ontario 1.100% due 03/08/2029 | &nbsp;&nbsp; Province of Ontario 1.100% due 03/08/2029 | &nbsp;&nbsp; Province of Ontario 1.100% due 03/08/2029 | &nbsp;&nbsp; Province of Ontario 1.100% due 03/08/2029 | (37616) | (37616) | 36717 | 36733 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  | **(340874)** | **(340874)** | **330456** | **330609** |
| **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 | Counterparty | Counterparty | Borrowing Rate<sup>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Maturity Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> |  | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| JPS | JPS | JPS | JPS | JPS | 4.550%  | 4.550%  | 07/01/2025 | 07/01/2025 | 07/01/2025 | (3954) | (3954) | $ | (3955) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  | **$** | **(3955)** |
| **(g)** | **Securities with an aggregate market value of $3,941 and Cash $482 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,941 and Cash $482 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,941 and Cash $482 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,941 and Cash $482 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,941 and Cash $482 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,941 and Cash $482 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,941 and Cash $482 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,941 and Cash $482 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,941 and Cash $482 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,941 and Cash $482 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,941 and Cash $482 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,941 and Cash $482 have been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $3,941 and Cash $482 have been pledged as collateral under the terms of master agreements as of June 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 June 30, 2025 was $(104504) 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 June 30, 2025 was $(104504) 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 June 30, 2025 was $(104504) 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 June 30, 2025 was $(104504) 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 June 30, 2025 was $(104504) 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 June 30, 2025 was $(104504) 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 June 30, 2025 was $(104504) 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 June 30, 2025 was $(104504) 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 June 30, 2025 was $(104504) 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 June 30, 2025 was $(104504) 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 June 30, 2025 was $(104504) 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 June 30, 2025 was $(104504) 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 June 30, 2025 was $(104504) 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. |
| **(h)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 09/2025 | 6722 | 6722 | 1607650 | $(376) | (376) | (376) | $0 | 0 | (126) |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2026 | 6419 | 6419 | 1550189 | 3797 | 3797 | 3797 | 481 | 481 | 0 |
| Australia Government 10-Year Bond September Futures  | Australia Government 10-Year Bond September Futures  | Australia Government 10-Year Bond September Futures  | Australia Government 10-Year Bond September Futures  | 09/2025 | 1157 | 1157 | 82043 | 271 | 271 | 271 | 0 | 0 | (68) |

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<br> Consolidated Schedule of Investments PIMCO Short Asset Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 09/2025 | 09/2025 | 16616 |  | 1811144 | 1811144 | 20242 | 20242 | 20242 | 2207 | 2207 | 2207 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 23934 | 23934 | $ | 2688 | 2688 | $ | $ | (194) |
| **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 |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| Canada Government 10-Year Bond September Futures  | Canada Government 10-Year Bond September Futures  | Canada Government 10-Year Bond September Futures  | Canada Government 10-Year Bond September Futures  | Canada Government 10-Year Bond September Futures  | Canada Government 10-Year Bond September Futures  | Canada Government 10-Year Bond September Futures  | 09/2025 | 09/2025 | 46 | $ | (4121) | (4121) | (41) | (41) | (41) | 0 | 0 | 0 | $ | (9) |
| U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | 09/2025 | 09/2025 | 7574 |  | (1575570) | (1575570) | (6296) | (6296) | (6296) | 0 | 0 | 0 |  | (414) |
| U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | 09/2025 | 09/2025 | 332 |  | (37936) | (37936) | (612) | (612) | (612) | 0 | 0 | 0 |  | (161) |
| U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | 09/2025 | 09/2025 | 944 |  | (112454) | (112454) | (3461) | (3461) | (3461) | 0 | 0 | 0 |  | (1269) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (10410) | (10410) | $ | 0 | 0 | $ | $ | (1853) |
| **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** | **13524** | **13524** | **$** | **2688** | **2688** | **$** | **$** | **(2047)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **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** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <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 | 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) | 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 | 3.500% | Annual | 03/19/2030 | 03/19/2030 | GBP | 192900 | 192900 | (6150) | (6150) | 3751 | $(2399) | (2399) | (2399) | $0 | 0 | 0 | $(11) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.100 | Annual | 02/11/2026 | 02/11/2026 | $ | $912700 | 912700 | 1132 | 1132 | 52 | 1184 | 1184 | 1184 | 15 | 15 | 15 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.862 | Annual | 02/28/2029 | 02/28/2029 |  | 145200 | 145200 | 0 | 0 | (2092) | (2092) | (2092) | (2092) | 0 | 0 | 0 | (166) |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.620 | Annual | 11/30/2029 | 11/30/2029 |  | 1437062 | 1437062 | (963) | (963) | (14097) | (15060) | (15060) | (15060) | 0 | 0 | 0 | (2121) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2029 | 12/18/2029 |  | 167100 | 167100 | (524) | (524) | (1274) | (1798) | (1798) | (1798) | 0 | 0 | 0 | (244) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2030 | 06/18/2030 |  | 53400 | 53400 | 76 | 76 | 359 | 435 | 435 | 435 | 0 | 0 | 0 | (88) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **(6429)** | **$** | **(13301)** | **(19730)** | **(19730)** | **$** | **15** | **15** | **$** | **(2630)** |
| **(i)** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $14,041 and cash of $61,451 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 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. |
| **(j)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset |  | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 07/2025  | 07/2025  | 07/2025  | $ | $174298 | 174298 | 174298 | 174298 | 148861 | 148861 | 148861 | 993 | 993 | 993 | 993 | $ | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | EUR | 148861 | 148861 | 148861 | 148861 | $174680 | 174680 | 174680 | 0 | 0 | 0 | 0 |  | (993) | (993) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 07/2025  | 07/2025  | 07/2025  |  | 148861 | 148861 | 148861 | 148861 | 169266 | 169266 | 169266 | 0 | 0 | 0 | 0 |  | (6026) | (6026) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | $ | $3809 | 3809 | 3809 | 3809 | 5882 | 5882 | 5882 | 61 | 61 | 61 | 61 |  | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 254 | 254 | 254 | 254 | 919 | 919 | 919 | 18 | 18 | 18 | 18 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 07/2025  | 07/2025  | 07/2025  | AUD | 253232 | 253232 | 253232 | 253232 | $162491 | 162491 | 162491 | 0 | 0 | 0 | 0 |  | (4122) | (4122) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | CAD | 320282 | 320282 | 320282 | 320282 | 234055 | 234055 | 234055 | 0 | 0 | 0 | 0 |  | (1106) | (1106) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | JPY | 111 | 111 | 111 | 111 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |  | 0 | 0 |
|  |  |  | 09/2025  | 09/2025  | 09/2025  | ILS | 35582 | 35582 | 35582 | 35582 | 9722 | 9722 | 9722 | 0 | 0 | 0 | 0 |  | (833) | (833) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 07/2025  | 07/2025  | 07/2025  | AUD | 191229 | 191229 | 191229 | 191229 | 122851 | 122851 | 122851 | 0 | 0 | 0 | 0 |  | (2968) | (2968) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | $ | $6 | 6 | 6 | 6 | 37 | 37 | 37 | 0 | 0 | 0 | 0 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 07/2025  | 07/2025  | 07/2025  | CAD | 42861 | 42861 | 42861 | 42861 | $31244 | 31244 | 31244 | 0 | 0 | 0 | 0 |  | (219) | (219) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | $ | $3462 | 3462 | 3462 | 3462 | 5341 | 5341 | 5341 | 52 | 52 | 52 | 52 |  | 0 | 0 |
|  |  |  | 09/2025  | 09/2025  | 09/2025  | ILS | 3877 | 3877 | 3877 | 3877 | $1026 | 1026 | 1026 | 0 | 0 | 0 | 0 |  | (124) | (124) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 07/2025  | 07/2025  | 07/2025  | CAD | 40625 | 40625 | 40625 | 40625 | 29997 | 29997 | 29997 | 176 | 176 | 176 | 176 |  | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | JPY | 39326 | 39326 | 39326 | 39326 | 274 | 274 | 274 | 1 | 1 | 1 | 1 |  | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | $ | $283251 | 283251 | 283251 | 283251 | 433237 | 433237 | 433237 | 1798 | 1798 | 1798 | 1798 |  | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 154 | 154 | 154 | 154 | 22459 | 22459 | 22459 | 1 | 1 | 1 | 1 |  | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | AUD | 433237 | 433237 | 433237 | 433237 | $283425 | 283425 | 283425 | 0 | 0 | 0 | 0 |  | (1803) | (1803) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | JPY | 22376 | 22376 | 22376 | 22376 | 154 | 154 | 154 | 0 | 0 | 0 | 0 |  | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | 08/2025  | 08/2025  | 08/2025  | $ | $161 | 161 | 161 | 161 | 58252 | 58252 | 58252 | 10 | 10 | 10 | 10 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 07/2025  | 07/2025  | 07/2025  | CAD | 27223 | 27223 | 27223 | 27223 | $19821 | 19821 | 19821 | 0 | 0 | 0 | 0 |  | (161) | (161) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | GBP | 1401 | 1401 | 1401 | 1401 | 1903 | 1903 | 1903 | 0 | 0 | 0 | 0 |  | (19) | (19) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | JPY | 2376 | 2376 | 2376 | 2376 | 17 | 17 | 17 | 0 | 0 | 0 | 0 |  | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  | $ | $1677 | 1677 | 1677 | 1677 | 2563 | 2563 | 2563 | 10 | 10 | 10 | 10 |  | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 21184 | 21184 | 21184 | 21184 | 29065 | 29065 | 29065 | 164 | 164 | 164 | 164 |  | (15) | (15) |
|  |  |  | 07/2025  | 07/2025  | 07/2025  |  | 5468 | 5468 | 5468 | 5468 | 4018 | 4018 | 4018 | 47 | 47 | 47 | 47 |  | (3) | (3) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | CAD | 25062 | 25062 | 25062 | 25062 | $18262 | 18262 | 18262 | 0 | 0 | 0 | 0 |  | (165) | (165) |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | JPY | 588 | 588 | 588 | 588 | 4 | 4 | 4 | 0 | 0 | 0 | 0 |  | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 08/2025  | $ | $2715 | 2715 | 2715 | 2715 | 4156 | 4156 | 4156 | 21 | 21 | 21 | 21 |  | 0 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short Asset Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 07/2025  | 888 | 888 | 888 | 888 | $ | 6 | 6 | 6 |  | 0 | 0 | 0 |  | 0 |
|  | 07/2025  | $1654 | 1654 | 1654 | 1654 | CAD | 2261 | 2261 | 2261 |  | 6 | 6 | 6 |  | 0 |
|  | 07/2025  | 121 | 121 | 121 | 121 | JPY | 17468 | 17468 | 17468 |  | 1 | 1 | 1 |  | 0 |
|  | 08/2025  | 17404 | 17404 | 17404 | 17404 | $ | 120 | 120 | 120 |  | 0 | 0 | 0 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC | 07/2025  | 367 | 367 | 367 | 367 |  | 267 | 267 | 267 |  | 0 | 0 | 0 |  | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; RYL | 07/2025  | 50030 | 50030 | 50030 | 50030 |  | 36500 | 36500 | 36500 |  | 0 | 0 | 0 |  | (225) |
|  | 07/2025  | $1300 | 1300 | 1300 | 1300 | GBP | 961 | 961 | 961 |  | 18 | 18 | 18 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 07/2025  | 311 | 311 | 311 | 311 | $ | 227 | 227 | 227 |  | 0 | 0 | 0 |  | (1) |
|  | 07/2025  | $219 | 219 | 219 | 219 | ILS | 759 | 759 | 759 |  | 6 | 6 | 6 |  | 0 |
|  | 07/2025  | 14 | 14 | 14 | 14 | JPY | 1962 | 1962 | 1962 |  | 0 | 0 | 0 |  | 0 |
|  | 08/2025  | 1955 | 1955 | 1955 | 1955 | $ | 14 | 14 | 14 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 07/2025  | $1224 | 1224 | 1224 | 1224 | CAD | 1670 | 1670 | 1670 |  | 2 | 2 | 2 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | 07/2025  | 1679 | 1679 | 1679 | 1679 | $ | 1230 | 1230 | 1230 |  | 0 | 0 | 0 |  | (2) |
|  | 07/2025  | 47141 | 47141 | 47141 | 47141 |  | 63830 | 63830 | 63830 |  | 0 | 0 | 0 |  | (841) |
|  | 07/2025  | $61160 | 61160 | 61160 | 61160 | GBP | 44739 | 44739 | 44739 |  | 216 | 216 | 216 |  | 0 |
|  | 08/2025  | 37394 | 37394 | 37394 | 37394 | $ | 51281 | 51281 | 51281 |  | 0 | 0 | 0 |  | (25) |
|  | 08/2025  | $1230 | 1230 | 1230 | 1230 | CAD | 1676 | 1676 | 1676 |  | 2 | 2 | 2 |  | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | $**3603** | **3603** | **3603** | **$** | $**(19656)** | **(19656)** |
| **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** |
| Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.600% | 3.600% | 3.600% | 08/12/2025 | 1522000 | 1522000 | 1522000 | $1223 | 1223 | $ | $981 |
| Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.600 | 4.600 | 4.600 | 08/12/2025 | 1522000 | 1522000 | 1522000 | 1224 | 1224 |  | 1 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**2447** | **2447** | **$** | $**982** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** |
| Description | Description | Description | Buy/Sell<br>Protection | Buy/Sell<br>Protection | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | Sell | 0.850% | 0.850% | 0.850% | 07/16/2025 | 24400 | 24400 | 24400 | $(30) | (30) | $ | $(2) |
| Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Put - OTC CDX.IG-44 5-Year Index  | Sell | Sell | 0.900 | 0.900 | 0.900 | 07/16/2025 | 50900 | 50900 | 50900 | (61) | (61) |  | (3) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(91)** | **(91)** | **$** | $**(5)** |
| **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $12,382 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** |
| 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** |
| **The following is a summary of the fair valuations according to the inputs used as of June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 30, 2025 in valuing the Portfolio's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |
| **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 | $0 | 0 | 0 | 0 | $1819000 | 1819000 | $0 | 0 | 0 | $1819000 | 1819000 | 1819000 |
| Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 601152 | 601152 | 0 | 0 | 0 | 601152 | 601152 | 601152 |
| Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 0 | 234604 | 234604 | 0 | 0 | 0 | 234604 | 234604 | 234604 |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 0 | 963857 | 963857 | 8410 | 8410 | 8410 | 972267 | 972267 | 972267 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 0 | 19493 | 19493 | 0 | 0 | 0 | 19493 | 19493 | 19493 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 0 | 275127 | 275127 | 0 | 0 | 0 | 275127 | 275127 | 275127 |
| 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 | 0 | 0 | 0 | 0 | 33164 | 33164 | 0 | 0 | 0 | 33164 | 33164 | 33164 |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 0 | 0 | 255471 | 255471 | 0 | 0 | 0 | 255471 | 255471 | 255471 |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 0 | 15452 | 15452 | 0 | 0 | 0 | 15452 | 15452 | 15452 |
| Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | 0 | 0 | 0 | 0 | 64247 | 64247 | 0 | 0 | 0 | 64247 | 64247 | 64247 |
| Credit Card Other | Credit Card Other | Credit Card Other | Credit Card Other | 0 | 0 | 0 | 0 | 50037 | 50037 | 0 | 0 | 0 | 50037 | 50037 | 50037 |
| Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 0 | 578276 | 578276 | 0 | 0 | 0 | 578276 | 578276 | 578276 |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 0 | 16799 | 16799 | 0 | 0 | 0 | 16799 | 16799 | 16799 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | 0 | 0 | 0 | 0 | 120802 | 120802 | 0 | 0 | 0 | 120802 | 120802 | 120802 |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 0 | 330456 | 330456 | 0 | 0 | 0 | 330456 | 330456 | 330456 |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 0 | 19673 | 19673 | 0 | 0 | 0 | 19673 | 19673 | 19673 |
| Total Investments | Total Investments | Total Investments | Total Investments | $0 | 0 | 0 | 0 | $5397610 | 5397610 | $8410 | 8410 | 8410 | $5406020 | 5406020 | 5406020 |
| **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 | 0 | 0 | 0 | 0 | 2703 | 2703 | 0 | 0 | 0 | 2703 | 2703 | 2703 |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | 4585 | 4585 | 0 | 0 | 0 | 4585 | 4585 | 4585 |
|  |  |  |  | $0 | 0 | 0 | 0 | $7288 | 7288 | $0 | 0 | 0 | $7288 | 7288 | 7288 |

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------

<br> Consolidated Schedule of Investments PIMCO Short Asset Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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 | (77) | (4600) | 0 | (4677) |
| Over the counter | 0 | (19661) | 0 | (19661) |
|  | $(77) | $(24261) | $0 | $(24338) |
| Total Financial Derivative Instruments | $(77) | $(16973) | $0 | $(17050) |
| Totals | $(77) | $5380637 | $8410 | $5388970 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

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<br> Schedule of Investments PIMCO Short-Term Floating NAV Portfolio II June 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 111.1% ¤** |  |  |
| **CORPORATE BONDS & NOTES 8.9%**  |  |  |
| **BANKING & FINANCE 6.1%**  |  |  |
| **Allstate Corp.** <br>0.750% due 12/15/2025 | $1000 | $983 |
| **American Express Co.** <br>5.009% due 11/04/2026 ~ | 1200 | 1203 |
| **American Honda Finance Corp.**  |  |  |
| 4.845% due 10/10/2025 ~  | 25504 | 25521 |
| 4.950% due 01/09/2026  | 600 | 601 |
| 4.968% due 08/14/2025 ~  | 1400 | 1401 |
| 5.133% due 10/03/2025 ~  | 1123 | 1125 |
| **American Tower Corp.** <br>4.400% due 02/15/2026 | 264 | 264 |
| **Asian Development Bank** <br>5.396% due 06/16/2026 ~ | 10300 | 10380 |
| **Athene Global Funding**  |  |  |
| 5.411% due 08/27/2026 ~  | 11900 | 11949 |
| 5.620% due 05/08/2026  | 200 | 202 |
| 5.684% due 02/23/2026  | 12500 | 12588 |
| **Australia & New Zealand Banking Group Ltd.**  |  |  |
| 4.973% due 03/18/2026 ~  | 1265 | 1267 |
| 4.984% due 10/03/2025 ~  | 9400 | 9410 |
| 5.094% due 07/03/2025 ~  | 4900 | 4900 |
| **Bank of America Corp.** <br>5.080% due 01/20/2027 •  | 19200 | 19253 |
| **Bank of America NA** <br>5.150% due 08/18/2025 ~ | 21200 | 21214 |
| **Bank of Montreal**  |  |  |
| 5.362% due 09/25/2025 ~  | 3600 | 3606 |
| 5.920% due 09/25/2025  | 4000 | 4013 |
| **Bank of Nova Scotia** <br>4.932% due 03/02/2026 ~ | 1000 | 1001 |
| **Banque Federative du Credit Mutuel SA**  |  |  |
| 4.935% due 01/26/2026  | 3775 | 3785 |
| 5.482% due 01/23/2027 ~  | 225 | 226 |
| **Barclays PLC**  |  |  |
| 4.375% due 01/12/2026  | 10700 | 10693 |
| 5.304% due 08/09/2026 •  | 11200 | 11203 |
| 5.829% due 05/09/2027 •  | 21000 | 21217 |
| **Canadian Imperial Bank of Commerce** <br>1.250% due 06/22/2026 | 700 | 680 |
| **Caterpillar Financial Services Corp.** <br>4.841% due 02/27/2026 •  | 2213 | 2216 |
| **Citibank NA**  |  |  |
| 4.948% due 04/30/2026 ~  | 2100 | 2103 |
| 5.069% due 08/06/2026 ~  | 8200 | 8221 |
| 5.219% due 09/29/2025 ~  | 2000 | 2002 |
| **Citigroup Global Markets Holdings, Inc.** <br>4.870% due 01/20/2026 ~ | 8100 | 8093 |
| **Citigroup, Inc.**  |  |  |
| 1.122% due 01/28/2027 •  | 20500 | 20098 |
| 5.610% due 09/29/2026 •  | 15878 | 15914 |
| **Commonwealth Bank of Australia**  |  |  |
| 4.743% due 07/07/2025 ~  | 750 | 750 |
| 4.928% due 06/15/2026 ~  | 3800 | 3809 |
| 5.035% due 09/12/2025 ~  | 500 | 500 |
| **Cooperatieve Rabobank UA**  |  |  |
| 5.048% due 07/18/2025 ~  | 5000 | 5001 |
| 5.055% due 01/09/2026 ~  | 28900 | 28958 |
| **Corebridge Global Funding** <br>0.900% due 09/22/2025 | 1600 | 1586 |
| **Crown Castle, Inc.** <br>4.450% due 02/15/2026 | 1500 | 1498 |
| **DBS Group Holdings Ltd.** <br>5.009% due 09/12/2025 ~ | 63000 | 63025 |
| **Deutsche Bank AG** <br>6.119% due 07/14/2026 •  | 3200 | 3201 |
| **DNB Bank ASA** <br>5.896% due 10/09/2026 •  | 1000 | 1004 |
| **European Bank for Reconstruction & Development** <br>4.535% due 04/14/2026 ~ | 30000 | 29992 |
| **Ford Motor Credit Co. LLC** <br>4.134% due 08/04/2025 | 3128 | 3125 |

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<br> Schedule of Investments PIMCO Short-Term Floating NAV Portfolio II (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **GA** **Global Funding Trust** <br>1.625% due 01/15/2026 | 900 | 885 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 1.431% due 03/09/2027 •  | 2000 | 1957 |
| 5.182% due 12/09/2026 •  | 4545 | 4552 |
| 5.798% due 08/10/2026 •  | 9962 | 9976 |
| **Guardian Life Global Funding** <br>0.875% due 12/10/2025 | 100 | 98 |
| **HSBC Holdings PLC**  |  |  |
| 4.292% due 09/12/2026 •  | 9400 | 9391 |
| 5.966% (US0003M + 1.380%) due 09/12/2026 ~  | 3200 | 3209 |
| **ING Groep NV** <br>1.400% due 07/01/2026 •  | 4000 | 4000 |
| **Jackson National Life Global Funding** <br>5.500% due 01/09/2026 | 400 | 402 |
| **John Deere Capital Corp.**  |  |  |
| 4.828% due 10/22/2025 •  | 2275 | 2277 |
| 4.841% due 07/03/2025 ~  | 1494 | 1494 |
| 4.955% due 03/03/2026 ~  | 2400 | 2405 |
| **JPMorgan Chase & Co.** <br>3.960% due 01/29/2027 •  | 34600 | 34513 |
| **Kreditanstalt fuer Wiederaufbau** <br>5.354% due 10/30/2026 ~ | 6000 | 6064 |
| **Landeskreditbank Baden-Wuerttemberg Foerderbank** <br>5.360% due 05/08/2026 ~ | 17000 | 17111 |
| **Mitsubishi UFJ Financial Group, Inc.** <br>1.412% due 07/17/2025 | 12900 | 12882 |
| **Morgan Stanley** <br>5.050% due 01/28/2027 •  | 11600 | 11637 |
| **National Australia Bank Ltd.** <br>4.909% due 01/29/2026 ~ | 450 | 451 |
| **Nationwide Building Society**  |  |  |
| 3.900% due 07/21/2025  | 3050 | 3049 |
| 4.000% due 09/14/2026  | 400 | 397 |
| **NatWest Group PLC**  |  |  |
| 4.800% due 04/05/2026  | 2750 | 2757 |
| 7.472% due 11/10/2026 •  | 7700 | 7777 |
| **New York Life Global Funding**  |  |  |
| 4.872% due 06/09/2026 ~  | 2560 | 2564 |
| 4.927% due 01/16/2026 •  | 9000 | 9018 |
| **Nomura Holdings, Inc.** <br>1.851% due 07/16/2025 | 2775 | 2772 |
| **Pacific Life Global Funding** <br>5.014% due 03/27/2026 •  | 2755 | 2760 |
| **Principal Life Global Funding** <br>5.282% due 08/28/2025 •  | 791 | 792 |
| **Protective Life Global Funding** <br>4.850% due 07/22/2026 ~ | 21500 | 21526 |
| **Public Storage Operating Co.** <br>4.954% due 07/25/2025 ~ | 10998 | 11001 |
| **Royal Bank of Canada**  |  |  |
| 4.874% (SOFRRATE + 0.525%) due 01/20/2026 ~  | 10100 | 10111 |
| 4.875% due 01/12/2026  | 4290 | 4299 |
| 4.925% due 04/27/2026 ~  | 600 | 601 |
| **Santander U.K. Group Holdings PLC** <br>6.833% due 11/21/2026 •  | 5500 | 5545 |
| **Sumitomo Mitsui Financial Group, Inc.**  |  |  |
| 5.646% due 07/13/2026 ~  | 500 | 505 |
| 5.776% due 01/13/2026 ~  | 1499 | 1508 |
| **Toronto-Dominion Bank**  |  |  |
| 1.200% due 06/03/2026  | 3600 | 3499 |
| 4.825% due 10/10/2025 ~  | 6485 | 6490 |
| **Toyota Motor Credit Corp.** <br>4.795% due 04/10/2026 ~ | 19000 | 19023 |
| **UBS Group AG**  |  |  |
| 1.305% due 02/02/2027 •  | 3600 | 3533 |
| 5.711% due 01/12/2027 •  | 7575 | 7621 |
| **Wells Fargo Bank NA** <br>5.055% due 01/15/2026 ~ | 9600 | 9620 |
| **Westpac Banking Corp.** <br>5.096% due 11/17/2025 ~ | 3300 | 3304 |
| **Weyerhaeuser Co.** <br>4.750% due 05/15/2026 | 10050 | 10072 |
|  |  | 653229 |
| **INDUSTRIALS 2.0%**  |  |  |
| **Altria Group, Inc.** <br>4.400% due 02/14/2026 | 6500 | 6496 |
| **BAT International Finance PLC** <br>1.668% due 03/25/2026 | 47198 | 46227 |
| **Bayer U.S. Finance LLC** <br>4.250% due 12/15/2025 | 1650 | 1646 |
| **BMW U.S. Capital LLC** <br>4.982% due 08/11/2025 ~ | 1500 | 1501 |

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<br> Schedule of Investments PIMCO Short-Term Floating NAV Portfolio II (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Cigna** **Group** <br>1.250% due 03/15/2026 | 600 | 587 |
| **Conagra Brands, Inc.** <br>4.600% due 11/01/2025 | 300 | 300 |
| **Dell International LLC** <br>6.020% due 06/15/2026 | 2100 | 2120 |
| **Devon Energy Corp.** <br>5.850% due 12/15/2025 | 1380 | 1384 |
| **Energy Transfer LP** <br>4.750% due 01/15/2026 | 671 | 671 |
| **Expedia Group, Inc.** <br>5.000% due 02/15/2026 | 166 | 166 |
| **Glencore Funding LLC** <br>1.625% due 09/01/2025 | 144 | 143 |
| **Global Payments, Inc.** <br>1.200% due 03/01/2026 | 11600 | 11329 |
| **HCA, Inc.**  |  |  |
| 5.875% due 02/15/2026  | 10401 | 10413 |
| 7.580% due 09/15/2025  | 4670 | 4693 |
| **Home Depot, Inc.** <br>4.735% due 12/24/2025 ~ | 300 | 300 |
| **Hyundai Capital America** <br>6.000% due 07/11/2025 | 200 | 200 |
| **Imperial Brands Finance PLC** <br>4.250% due 07/21/2025 | 13 | 13 |
| **Keurig Dr. Pepper, Inc.** <br>3.400% due 11/15/2025 | 1111 | 1106 |
| **Magna International, Inc.** <br>4.150% due 10/01/2025 | 843 | 841 |
| **Marvell Technology, Inc.** <br>1.650% due 04/15/2026 | 1700 | 1662 |
| **Mercedes-Benz Finance North America LLC** <br>4.926% due 08/01/2025 ~ | 1424 | 1424 |
| **Molson Coors Beverage Co.** <br>3.000% due 07/15/2026 | 1700 | 1675 |
| **MPLX LP** <br>1.750% due 03/01/2026 | 9800 | 9612 |
| **NTT Finance Corp.**  |  |  |
| 1.162% due 04/03/2026  | 3295 | 3215 |
| 4.239% due 07/25/2025  | 4000 | 3999 |
| **Oracle Corp.** <br>1.650% due 03/25/2026 | 62200 | 60938 |
| **PepsiCo, Inc.** <br>4.766% due 02/13/2026 ~ | 200 | 200 |
| **Philip Morris International, Inc.** <br>4.875% due 02/13/2026 | 2500 | 2506 |
| **Rogers Communications, Inc.** <br>3.625% due 12/15/2025 | 5882 | 5856 |
| **RTX Corp.** <br>5.000% due 02/27/2026 | 400 | 401 |
| **Starbucks Corp.** <br>2.450% due 06/15/2026 | 700 | 687 |
| **T-Mobile USA, Inc.**  |  |  |
| 2.250% due 02/15/2026  | 3500 | 3448 |
| 2.625% due 04/15/2026  | 3000 | 2955 |
| **Take-Two Interactive Software, Inc.** <br>5.000% due 03/28/2026 | 3504 | 3513 |
| **UnitedHealth Group, Inc.** <br>4.845% due 07/15/2026 ~ | 4700 | 4701 |
| **Volkswagen Group of America Finance LLC**  |  |  |
| 1.250% due 11/24/2025  | 500 | 493 |
| 4.625% due 11/13/2025  | 400 | 400 |
| 5.236% due 03/20/2026 ~  | 2000 | 2001 |
| 5.800% due 09/12/2025  | 2000 | 2003 |
| **Zimmer Biomet Holdings, Inc.** <br>3.050% due 01/15/2026 | 17100 | 16970 |
|  |  | 218795 |
| **UTILITIES 0.8%**  |  |  |
| **Dominion Energy, Inc.** <br>3.900% due 10/01/2025 | 400 | 399 |
| **Electricite de France SA** <br>3.625% due 10/13/2025 | 2000 | 1992 |
| **Georgia Power Co.** <br>4.679% due 09/15/2026 ~ | 6700 | 6692 |
| **National Rural Utilities Cooperative Finance Corp.** <br>4.787% due 12/03/2025 ~ | 1084 | 1085 |
| **NextEra Energy Capital Holdings, Inc.**  |  |  |
| 5.116% due 01/29/2026 ~  | 4200 | 4210 |
| 5.749% due 09/01/2025  | 4963 | 4970 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.950% due 03/01/2026  | 9500 | 9376 |
| 3.150% due 01/01/2026  | 31594 | 31296 |
| 3.450% due 07/01/2025  | 2945 | 2945 |

---

------

<br> Schedule of Investments PIMCO Short-Term Floating NAV Portfolio II (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Pinnacle** **West Capital Corp.** <br>5.214% due 06/10/2026 ~ | 400 | 401 |
| **Public Service Enterprise Group, Inc.** <br>0.800% due 08/15/2025 | 3700 | 3682 |
| **Southern California Edison Co.** <br>3.700% due 08/01/2025 | 1800 | 1798 |
| **Southwestern Electric Power Co.** <br>1.650% due 03/15/2026 | 13900 | 13631 |
| **WEC Energy Group, Inc.** <br>4.750% due 01/09/2026 | 1600 | 1601 |
|  |  | 84078 |
| Total Corporate Bonds & Notes (Cost $955,338) |  | 956102 |
| **U.S. GOVERNMENT AGENCIES 0.1%**  |  |  |
| **Federal Farm Credit Bank**<br>4.545% due 09/25/2025 •  | 11500 | 11505 |
| Total U.S. Government Agencies (Cost $11,502) |  | 11505 |
| **ASSET-BACKED SECURITIES 0.2%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.2%**  |  |  |
| **Enterprise Fleet Financing LLC**  |  |  |
| 4.536% due 02/20/2026  | 716 | 716 |
| 4.555% due 05/20/2026  | 18772 | 18778 |
| **LAD Auto Receivables Trust** <br>4.511% due 02/17/2026 | 378 | 378 |
| **Toyota Lease Owner Trust** <br>4.457% due 03/20/2026 | 2900 | 2900 |
| Total Asset-Backed Securities (Cost $22,766) |  | 22772 |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **CPPIB Capital, Inc.** <br>4.852% due 07/27/2026 ~ | 2900 | 2910 |
| **Kommunalbanken AS** <br>5.397% due 06/17/2026 ~ | 4150 | 4177 |
| **Kommunekredit** <br>5.396% due 09/16/2025 ~ | 10000 | 10017 |
| Total Sovereign Issues (Cost $17,104) |  | 17104 |
| **SHORT-TERM INSTRUMENTS 101.7%**  |  |  |
| **CERTIFICATES OF DEPOSIT 0.1%**  |  |  |
| **Bank of America NA** <br>4.530% due 08/05/2025 | 7600 | 7600 |
| **MUFG Bank Ltd.** <br>4.650% due 12/03/2025 ~ | 400 | 400 |
| **Sumitomo Mitsui Banking Corp.** <br>4.650% due 12/05/2025 ~ | 6500 | 6502 |
|  |  | 14502 |
| **COMMERCIAL PAPER 0.7%**  |  |  |
| **Alimentation Couche-Tard, Inc.**  |  |  |
| 4.630% due 07/09/2025  | 500 | 499 |
| 4.670% due 07/02/2025  | 500 | 500 |
| 4.670% due 07/08/2025  | 1900 | 1898 |
| **Amrize Finance U.S. LLC** <br>4.670% due 07/16/2025 | 3100 | 3094 |
| **Broadcom, Inc.** <br>4.730% due 07/10/2025 | 3700 | 3695 |
| **Crown Castle, Inc.** <br>5.030% due 07/22/2025 | 7500 | 7477 |
| **Harley-Davidson Financial Services, Inc.** <br>5.100% due 07/21/2025 | 1000 | 997 |
| **HCA, Inc.**  |  |  |
| 4.950% due 07/23/2025  | 1400 | 1396 |
| 5.000% due 08/22/2025  | 15100 | 14991 |
| **Marriott International, Inc.** <br>4.590% due 08/18/2025 | 1200 | 1193 |
| **PPL Electric Utilities Corp.** <br>4.570% due 07/17/2025 | 2500 | 2495 |
| **Reckitt Benckiser Treasury Services PLC** <br>4.630% due 08/07/2025 | 2700 | 2687 |
| **RTX Corp.**  |  |  |
| 4.620% due 07/16/2025  | 4800 | 4790 |
| 4.630% due 07/16/2025  | 14900 | 14869 |
| **Volkswagen Group of America Finance LLC** <br>4.670% due 07/02/2025 | 14900 | 14896 |

---

------

<br> Schedule of Investments PIMCO Short-Term Floating NAV Portfolio II (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **VW** **Credit, Inc.** <br>4.720% due 07/09/2025 | 900 | 899 |
|  |  | 76376 |
| **REPURCHASE AGREEMENTS (c) 100.7%** |  | 10819321 |
| **SHORT-TERM NOTES 0.1%**  |  |  |
| **ARI Fleet Lease Trust**<br>4.559% due 05/15/2026 | 8779 | 8783 |
| **U.S. TREASURY BILLS 0.1%**  |  |  |
| 4.336% due 09/16/2025 (a)(b) | 14800 | 14666 |
| Total Short-Term Instruments (Cost $10,933,650) |  | 10933648 |
| Total Investments in Securities (Cost $11,940,360) |  | 11941131 |
| Total Investments 111.1% (Cost $11,940,360) |  | $11941131 |
| Other Assets and Liabilities, net (11.1)% |  | (1197674) |
| Net Assets 100.0% |  | $10743457 |

---

------

<br> Schedule of Investments PIMCO Short-Term Floating NAV Portfolio II (Cont.) June 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:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **(a)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(b)** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(c)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Lending<br>Rate | Settlement<br>Date | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BCY | BCY | 4.470%  | 07/01/2025 | 07/02/2025 | 600000 | &nbsp;&nbsp; U.S. Treasury Bonds 4.750% due 11/15/2053 | &nbsp;&nbsp; U.S. Treasury Bonds 4.750% due 11/15/2053 | (615357) | $600000 | $600000 |
|  |  | 4.480  | 06/30/2025 | 07/01/2025 | 600000 | &nbsp;&nbsp; U.S. Treasury Bonds 4.750% due 11/15/2053 | &nbsp;&nbsp; U.S. Treasury Bonds 4.750% due 11/15/2053 | (615987) | 600000 | 600075 |
| BOS | BOS | 4.360  | 06/11/2025 | 07/07/2025 | 200000 | &nbsp;&nbsp; U.S. Treasury Notes 4.625% due 06/15/2027 | &nbsp;&nbsp; U.S. Treasury Notes 4.625% due 06/15/2027 | (200985) | 200000 | 200484 |
|  |  | 4.360  | 06/17/2025 | 07/15/2025 | 263000 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 03/31/2027 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% due 03/31/2027 | (269722) | 263000 | 263446 |
|  |  | 4.360  | 06/20/2025 | 07/16/2025 | 600000 | &nbsp;&nbsp; U.S. Treasury Notes 1.500% - 3.750% due 01/31/2027 - 05/15/2028 | &nbsp;&nbsp; U.S. Treasury Notes 1.500% - 3.750% due 01/31/2027 - 05/15/2028 | (616069) | 600000 | 600799 |
|  |  | 4.370  | 06/24/2025 | 07/02/2025 | 400000 | &nbsp;&nbsp; U.S. Treasury Notes 1.000% due 07/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 1.000% due 07/31/2028 | (409972) | 400000 | 400340 |
|  |  | 4.370  | 06/24/2025 | 07/03/2025 | 100000 | &nbsp;&nbsp; U.S. Treasury Notes 4.250% due 06/30/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.250% due 06/30/2029 | (100514) | 100000 | 100085 |
|  |  | 4.370  | 06/25/2025 | 07/03/2025 | 200000 | &nbsp;&nbsp; U.S. Treasury Notes 2.750% - 3.750% due 07/31/2027 - 04/15/2028 | &nbsp;&nbsp; U.S. Treasury Notes 2.750% - 3.750% due 07/31/2027 - 04/15/2028 | (204556) | 200000 | 200146 |
|  |  | 4.370  | 06/25/2025 | 07/07/2025 | 100000 | &nbsp;&nbsp; U.S. Treasury Notes 3.750% due 04/15/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.750% due 04/15/2028 | (102337) | 100000 | 100073 |
|  |  | 4.370  | 06/16/2025 | 07/08/2025 | 371000 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 01/31/2027 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 01/31/2027 | (380564) | 371000 | 371675 |
|  |  | 4.370  | 06/16/2025 | 07/09/2025 | 371000 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% - 3.875% due 11/30/2027 - 05/15/2030 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% - 3.875% due 11/30/2027 - 05/15/2030 | (381732) | 371000 | 371676 |
|  |  | 4.370  | 06/16/2025 | 07/11/2025 | 371000 | &nbsp;&nbsp; U.S. Treasury Notes 1.125% - 2.750% due 10/31/2026 - 04/30/2027 | &nbsp;&nbsp; U.S. Treasury Notes 1.125% - 2.750% due 10/31/2026 - 04/30/2027 | (380033) | 371000 | 371675 |
|  |  | 4.370  | 06/17/2025 | 07/15/2025 | 526000 | &nbsp;&nbsp; U.S. Treasury Notes 3.750% - 4.000% due 04/15/2028 - 07/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 3.750% - 4.000% due 04/15/2028 - 07/31/2029 | (542161) | 526000 | 526894 |
|  |  | 4.370  | 06/27/2025 | 07/18/2025 | 100000 | &nbsp;&nbsp; U.S. Treasury Notes 1.500% due 01/31/2027 | &nbsp;&nbsp; U.S. Treasury Notes 1.500% due 01/31/2027 | (102074) | 100000 | 100049 |
|  |  | 4.370  | 06/27/2025 | 07/24/2025 | 200000 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 02/28/2030 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 02/28/2030 | (204156) | 200000 | 200097 |
|  |  | 4.380  | 06/20/2025 | 07/02/2025 | 700000 | &nbsp;&nbsp; U.S. Treasury Notes 1.875% due 02/28/2027 | &nbsp;&nbsp; U.S. Treasury Notes 1.875% due 02/28/2027 | (717978) | 700000 | 700937 |
|  |  | 4.380  | 06/16/2025 | 07/07/2025 | 495000 | &nbsp;&nbsp; U.S. Treasury Notes 1.125% due 10/31/2026 | &nbsp;&nbsp; U.S. Treasury Notes 1.125% due 10/31/2026 | (506874) | 495000 | 495903 |
|  |  | 4.380  | 06/26/2025 | 07/14/2025 | 700000 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% - 3.750% due 08/15/2027 - 05/15/2030 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% - 3.750% due 08/15/2027 - 05/15/2030 | (716279) | 700000 | 700426 |
|  |  | 4.380  | 06/30/2025 | 08/15/2025 | 500000 | &nbsp;&nbsp; U.S. Treasury Notes 1.375% - 4.250% due 11/30/2026 - 10/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 1.375% - 4.250% due 11/30/2026 - 10/31/2028 | (510806) | 500000 | 500061 |
|  |  | 4.380  | 06/30/2025 | 08/18/2025 | 300000 | &nbsp;&nbsp; U.S. Treasury Notes 2.750% due 05/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 2.750% due 05/31/2029 | (306516) | 300000 | 300036 |
|  |  | 4.390  | 06/26/2025 | 07/07/2025 | 400000 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% - 3.750% due 08/15/2027 - 05/15/2030 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% - 3.750% due 08/15/2027 - 05/15/2030 | (409728) | 400000 | 400244 |
|  |  | 4.390  | 07/01/2025 | 07/07/2025 | 300000 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 05/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 05/31/2028 | (306074) | 300000 | 300000 |
|  |  | 4.390  | 06/26/2025 | 07/08/2025 | 250000 | &nbsp;&nbsp; U.S. Treasury Notes 3.750% due 05/15/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.750% due 05/15/2028 | (255764) | 250000 | 250152 |
|  |  | 4.390  | 06/27/2025 | 07/10/2025 | 200000 | &nbsp;&nbsp; U.S. Treasury Notes 1.500% due 01/31/2027 | &nbsp;&nbsp; U.S. Treasury Notes 1.500% due 01/31/2027 | (204149) | 200000 | 200098 |
|  |  | 4.390  | 06/27/2025 | 07/11/2025 | 200000 | &nbsp;&nbsp; U.S. Treasury Notes 1.500% due 01/31/2027 | &nbsp;&nbsp; U.S. Treasury Notes 1.500% due 01/31/2027 | (204149) | 200000 | 200098 |
|  |  | 4.410  | 07/01/2025 | 07/03/2025 | 300000 | &nbsp;&nbsp; U.S. Treasury Notes 1.250% due 04/30/2028 | &nbsp;&nbsp; U.S. Treasury Notes 1.250% due 04/30/2028 | (306347) | 300000 | 300000 |
|  |  | 4.420  | 06/26/2025 | 07/02/2025 | 200000 | &nbsp;&nbsp; U.S. Treasury Notes 1.500% due 08/15/2026 | &nbsp;&nbsp; U.S. Treasury Notes 1.500% due 08/15/2026 | (204215) | 200000 | 200123 |
|  |  | 4.430  | 06/27/2025 | 07/03/2025 | 200000 | &nbsp;&nbsp; U.S. Treasury Notes 1.375% due 10/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 1.375% due 10/31/2028 | (204347) | 200000 | 200098 |
| DEU | DEU | 4.440  | 06/30/2025 | 07/01/2025 | 500 | &nbsp;&nbsp; U.S. Treasury Bonds 4.625% due 05/15/2054 | &nbsp;&nbsp; U.S. Treasury Bonds 4.625% due 05/15/2054 | (512) | 500 | 500 |
| FICC STR | FICC STR | 4.400  | 06/30/2025 | 07/01/2025 | 320300 | &nbsp;&nbsp; U.S. Treasury Notes 0.000% due 06/30/2027 | &nbsp;&nbsp; U.S. Treasury Notes 0.000% due 06/30/2027 | (326706) | 320300 | 320339 |
| JPS | JPS | 4.400  | 07/30/2024 | TBD<sup>(2)</sup> | 501521 | &nbsp;&nbsp; U.S. Treasury Bonds 2.000% - 3.875% due 08/15/2040 - 08/15/2051 | &nbsp;&nbsp; U.S. Treasury Bonds 2.000% - 3.875% due 08/15/2040 - 08/15/2051 | (490901) | 501521 | 523264 |
| MSR | MSR | 4.420  | 06/30/2025 | 07/01/2025 | 250000 | &nbsp;&nbsp; U.S. Treasury Notes 4.625% due 06/15/2027 | &nbsp;&nbsp; U.S. Treasury Notes 4.625% due 06/15/2027 | (255463) | 250000 | 250031 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  | **(11053027)** | $**10819321** | $**10849824** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. |
|  | **Cash of $22,906 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $22,906 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $22,906 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $22,906 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $22,906 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $22,906 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $22,906 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $22,906 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $22,906 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $22,906 has been pledged as collateral under the terms of master agreements as of June 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** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |  |

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------

<br> Schedule of Investments PIMCO Short-Term Floating NAV Portfolio II (Cont.) June 30, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments** **in Securities, at Value** | **Investments** **in Securities, at Value** | **Investments** **in Securities, at Value** | **Investments** **in Securities, at Value** | **Investments** **in Securities, at Value** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | $0 | $653229 | $0 | $653229 |
| Industrials | 0 | 218795 | 0 | 218795 |
| Utilities | 0 | 84078 | 0 | 84078 |
| U.S. Government Agencies | 0 | 11505 | 0 | 11505 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile Sequential | 0 | 22772 | 0 | 22772 |
| Sovereign Issues | 0 | 17104 | 0 | 17104 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Certificates of Deposit | 0 | 14502 | 0 | 14502 |
| Commercial Paper | 0 | 76376 | 0 | 76376 |
| Repurchase Agreements | 0 | 10819321 | 0 | 10819321 |
| Short-Term Notes | 0 | 8783 | 0 | 8783 |
| U.S. Treasury Bills | 0 | 14666 | 0 | 14666 |
| Total Investments | $0 | $11941131 | $0 | $11941131 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

---

------

<br> Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III June 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 108.3% ¤** |  |  |
| **CORPORATE BONDS & NOTES 6.5%**  |  |  |
| **BANKING & FINANCE 4.5%**  |  |  |
| **Allstate Corp.** <br>0.750% due 12/15/2025 | $1020 | $1003 |
| **American Express Co.** <br>5.009% due 11/04/2026 ~ | 3100 | 3106 |
| **American Honda Finance Corp.**  |  |  |
| 4.845% due 10/10/2025 ~  | 19869 | 19882 |
| 4.845% due 01/12/2026 •  | 1300 | 1300 |
| 4.968% due 08/14/2025 ~  | 20703 | 20712 |
| 5.055% due 01/09/2026 ~  | 2118 | 2121 |
| 5.133% due 10/03/2025 ~  | 4760 | 4767 |
| 5.265% due 01/12/2026 ~  | 1855 | 1861 |
| **American Tower Corp.**  |  |  |
| 1.300% due 09/15/2025  | 1904 | 1891 |
| 4.400% due 02/15/2026  | 717 | 716 |
| **Asian Development Bank** <br>5.396% due 06/16/2026 ~ | 17400 | 17535 |
| **Athene Global Funding**  |  |  |
| 1.450% due 01/08/2026  | 1700 | 1673 |
| 5.097% due 07/16/2026 •  | 3050 | 3055 |
| 5.411% due 08/27/2026 ~  | 32000 | 32133 |
| 5.620% due 05/08/2026  | 1954 | 1972 |
| 5.684% due 02/23/2026  | 25201 | 25379 |
| **Australia & New Zealand Banking Group Ltd.** <br>5.094% due 07/03/2025 ~ | 2940 | 2940 |
| **Bank of America Corp.**  |  |  |
| 1.658% due 03/11/2027 •  | 1350 | 1325 |
| 4.827% due 07/22/2026 •  | 4966 | 4966 |
| 5.080% due 01/20/2027 •  | 67841 | 68029 |
| **Bank of America NA**  |  |  |
| 5.150% due 08/18/2025 ~  | 23100 | 23115 |
| 5.390% due 08/18/2026 ~  | 500 | 503 |
| **Bank of Montreal**  |  |  |
| 5.362% due 09/25/2025 ~  | 5780 | 5789 |
| 5.920% due 09/25/2025  | 12670 | 12711 |
| **Bank of Nova Scotia**  |  |  |
| 4.796% due 10/27/2025 ~  | 12800 | 8438 |
| 4.932% due 03/02/2026 ~  | $1000 | 1001 |
| **Barclays PLC**  |  |  |
| 4.375% due 01/12/2026  | 24299 | 24284 |
| 5.304% due 08/09/2026 •  | 27723 | 27731 |
| 5.829% due 05/09/2027 •  | 66457 | 67145 |
| **Canadian Imperial Bank of Commerce** <br>1.250% due 06/22/2026 | 800 | 777 |
| **Capital One NA** <br>4.250% due 03/13/2026 | 1650 | 1647 |
| **Caterpillar Financial Services Corp.**  |  |  |
| 4.841% due 02/27/2026 •  | 1744 | 1747 |
| 5.037% due 10/16/2026 •  | 825 | 829 |
| **Citibank NA**  |  |  |
| 4.948% due 04/30/2026 ~  | 6825 | 6835 |
| 5.069% due 08/06/2026 ~  | 33500 | 33585 |
| 5.219% due 09/29/2025 ~  | 4222 | 4226 |
| 5.449% due 12/04/2026 ~  | 500 | 504 |
| **Citigroup Global Markets Holdings, Inc.** <br>4.870% due 01/20/2026 ~ | 45100 | 45060 |
| **Citigroup, Inc.**  |  |  |
| 1.122% due 01/28/2027 •  | 45478 | 44587 |
| 5.610% due 09/29/2026 •  | 7070 | 7086 |
| **Commonwealth Bank of Australia**  |  |  |
| 4.743% due 07/07/2025 ~  | 5130 | 5130 |
| 4.928% due 06/15/2026 ~  | 6200 | 6215 |
| **Cooperatieve Rabobank UA**  |  |  |
| 4.375% due 08/04/2025  | 4162 | 4160 |
| 5.048% due 07/18/2025 ~  | 20610 | 20615 |
| 5.055% due 01/09/2026 ~  | 49800 | 49900 |
| 5.500% due 07/18/2025  | 2500 | 2501 |
| **Corebridge Global Funding** <br>0.900% due 09/22/2025 | 2800 | 2776 |
| **Crown Castle, Inc.** <br>4.450% due 02/15/2026 | 4820 | 4815 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **DBS** **Group Holdings Ltd.** <br>5.009% due 09/12/2025 ~ | 102700 | 102739 |
| **Deutsche Bank AG** <br>6.119% due 07/14/2026 •  | 7800 | 7803 |
| **DNB Bank ASA** <br>5.896% due 10/09/2026 •  | 2450 | 2459 |
| **European Bank for Reconstruction & Development** <br>4.535% due 04/14/2026 ~ | 51270 | 51256 |
| **Ford Motor Credit Co. LLC** <br>4.134% due 08/04/2025 | 9600 | 9590 |
| **GA Global Funding Trust** <br>1.625% due 01/15/2026 | 2420 | 2379 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 1.093% due 12/09/2026 •  | 3320 | 3269 |
| 5.182% due 12/09/2026 •  | 1696 | 1699 |
| 5.427% due 08/10/2026 ~  | 8152 | 8160 |
| 5.798% due 08/10/2026 •  | 14115 | 14135 |
| **HSBC Holdings PLC**  |  |  |
| 4.292% due 09/12/2026 •  | 32003 | 31972 |
| 5.966% (US0003M + 1.380%) due 09/12/2026 ~  | 3700 | 3710 |
| **ING Bank Australia Ltd.** <br>4.695% due 12/08/2025 ~ | 44100 | 29108 |
| **Intesa Sanpaolo SpA** <br>7.000% due 11/21/2025 | $2000 | 2016 |
| **Jackson National Life Global Funding** <br>5.500% due 01/09/2026 | 2005 | 2014 |
| **John Deere Capital Corp.** <br>4.955% due 03/03/2026 ~ | 9730 | 9749 |
| **JPMorgan Chase & Co.**  |  |  |
| 1.040% due 02/04/2027 •  | 6500 | 6367 |
| 3.300% due 04/01/2026  | 110 | 109 |
| 3.960% due 01/29/2027 •  | 63168 | 63009 |
| **Kreditanstalt fuer Wiederaufbau** <br>5.354% due 10/30/2026 ~ | 15000 | 15159 |
| **Landeskreditbank Baden-Wuerttemberg Foerderbank** <br>5.360% due 05/08/2026 ~ | 34800 | 35027 |
| **Lloyds Bank PLC** <br>4.250% due 08/28/2025 | 5820 | 3831 |
| **Lloyds Banking Group PLC** <br>4.716% due 08/11/2026 •  | $3502 | 3501 |
| **Mizuho Bank Ltd.** <br>4.610% due 08/22/2025 ~ | 10100 | 6651 |
| **Morgan Stanley** <br>5.050% due 01/28/2027 •  | $51683 | 51846 |
| **MUFG Bank Ltd.** <br>4.678% due 02/17/2026 ~ | 19700 | 13008 |
| **National Australia Bank Ltd.**  |  |  |
| 4.909% due 01/29/2026 ~  | $800 | 801 |
| 5.052% due 12/10/2025 ~  | 455 | 456 |
| **Nationwide Building Society** <br>3.900% due 07/21/2025 | 1797 | 1796 |
| **NatWest Group PLC** <br>7.472% due 11/10/2026 •  | 19581 | 19776 |
| **NatWest Markets PLC** <br>5.055% due 08/12/2025 | 11750 | 7740 |
| **New York Life Global Funding** <br>4.927% due 01/16/2026 •  | $13000 | 13026 |
| **Nomura Holdings, Inc.** <br>1.851% due 07/16/2025 | 1970 | 1968 |
| **Pacific Life Global Funding** <br>5.009% due 06/04/2026 ~ | 700 | 702 |
| **Protective Life Global Funding** <br>4.850% due 07/22/2026 ~ | 43800 | 43853 |
| **Public Storage Operating Co.** <br>4.954% due 07/25/2025 ~ | 22779 | 22785 |
| **Royal Bank of Canada**  |  |  |
| 4.874% (SOFRRATE + 0.525%) due 01/20/2026 ~  | 21778 | 21803 |
| 4.925% due 04/27/2026 ~  | 5138 | 5149 |
| **Santander U.K. Group Holdings PLC** <br>6.833% due 11/21/2026 •  | 15243 | 15369 |
| **Shinhan Bank Co. Ltd.** <br>4.484% due 09/29/2025 ~ | 4500 | 2965 |
| **Standard Chartered PLC** <br>4.050% due 04/12/2026 | $2850 | 2838 |
| **Sumitomo Mitsui Banking Corp.**  |  |  |
| 4.644% due 02/20/2026 ~  | 88470 | 58415 |
| 4.929% due 11/07/2025 ~  | 20200 | 13332 |
| **Toronto-Dominion Bank**  |  |  |
| 1.200% due 06/03/2026  | $10778 | 10476 |
| 4.796% due 07/28/2025 ~  | 9950 | 6553 |
| 4.825% due 10/10/2025 ~  | $6900 | 6905 |
| 5.022% due 12/17/2026 ~  | 6011 | 6021 |
| **Toyota Motor Credit Corp.**  |  |  |
| 4.795% due 04/10/2026 ~  | 32500 | 32539 |
| 5.046% due 09/11/2025 •  | 398 | 398 |

---

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<br> Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **UBS** **AG**  |  |  |
| 1.200% due 07/30/2025  | 12838 | 8431 |
| 4.210% due 02/26/2026 ~  | 19100 | 12578 |
| 4.745% due 07/30/2025 ~  | 15500 | 10206 |
| 5.100% due 05/12/2026 ~  | 3100 | 2055 |
| 5.326% due 09/11/2025 ~  | $3182 | 3187 |
| **UBS Group AG**  |  |  |
| 1.364% due 01/30/2027 •  | 2670 | 2622 |
| 5.711% due 01/12/2027 •  | 1300 | 1308 |
| 6.373% due 07/15/2026 •  | 3100 | 3103 |
| **Wells Fargo Bank NA**  |  |  |
| 5.055% due 01/15/2026 ~  | 7270 | 7285 |
| 5.159% due 08/01/2025 ~  | 250 | 250 |
| **Westpac Banking Corp.**  |  |  |
| 4.909% due 01/29/2026 ~  | 1035 | 1036 |
| 5.096% due 11/17/2025 ~  | 6292 | 6300 |
| **Weyerhaeuser Co.** <br>4.750% due 05/15/2026 | 13021 | 13049 |
|  |  | 1477720 |
| **INDUSTRIALS 1.4%**  |  |  |
| **Altria Group, Inc.** <br>4.400% due 02/14/2026 | 15692 | 15681 |
| **BAE Systems Holdings, Inc.** <br>3.850% due 12/15/2025 | 603 | 601 |
| **BAT International Finance PLC** <br>1.668% due 03/25/2026 | 128176 | 125539 |
| **Bayer U.S. Finance LLC** <br>4.250% due 12/15/2025 | 3800 | 3790 |
| **BMW U.S. Capital LLC**  |  |  |
| 4.982% due 08/11/2025 ~  | 890 | 890 |
| 5.166% due 08/13/2026 ~  | 655 | 658 |
| **Bristol-Myers Squibb Co.** <br>4.863% due 02/20/2026 ~ | 52 | 52 |
| **Canadian National Railway Co.** <br>2.750% due 03/01/2026 | 3518 | 3479 |
| **Cigna Group** <br>1.250% due 03/15/2026 | 1786 | 1748 |
| **Conagra Brands, Inc.** <br>4.600% due 11/01/2025 | 577 | 576 |
| **Dell International LLC** <br>6.020% due 06/15/2026 | 5600 | 5654 |
| **Devon Energy Corp.** <br>5.850% due 12/15/2025 | 2103 | 2109 |
| **Energy Transfer LP** <br>4.750% due 01/15/2026 | 7764 | 7765 |
| **Global Payments, Inc.** <br>1.200% due 03/01/2026 | 13700 | 13380 |
| **Halliburton Co.** <br>3.800% due 11/15/2025 | 541 | 539 |
| **HCA, Inc.**  |  |  |
| 5.250% due 06/15/2026  | 700 | 701 |
| 5.875% due 02/15/2026  | 3000 | 3003 |
| 7.580% due 09/15/2025  | 4100 | 4120 |
| **Home Depot, Inc.** <br>4.735% due 12/24/2025 ~ | 354 | 354 |
| **Hyundai Capital America** <br>5.679% due 11/03/2025 ~ | 195 | 196 |
| **Marvell Technology, Inc.** <br>1.650% due 04/15/2026 | 4013 | 3923 |
| **Microchip Technology, Inc.** <br>4.250% due 09/01/2025 | 103 | 103 |
| **Molson Coors Beverage Co.** <br>3.000% due 07/15/2026 | 4811 | 4741 |
| **MPLX LP** <br>1.750% due 03/01/2026 | 20610 | 20215 |
| **NTT Finance Corp.**  |  |  |
| 1.162% due 04/03/2026  | 2891 | 2821 |
| 4.239% due 07/25/2025  | 6612 | 6610 |
| **Oracle Corp.** <br>1.650% due 03/25/2026 | 130465 | 127818 |
| **Penske Truck Leasing Co. LP** <br>1.200% due 11/15/2025 | 1250 | 1234 |
| **PepsiCo, Inc.** <br>4.766% due 02/13/2026 ~ | 500 | 500 |
| **Philip Morris International, Inc.** <br>4.875% due 02/13/2026 | 5800 | 5814 |
| **Rogers Communications, Inc.** <br>3.625% due 12/15/2025 | 5145 | 5123 |
| **RTX Corp.** <br>5.000% due 02/27/2026 | 846 | 849 |
| **Starbucks Corp.** <br>2.450% due 06/15/2026 | 1800 | 1767 |
| **T-Mobile USA, Inc.**  |  |  |
| 2.250% due 02/15/2026  | 8653 | 8524 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 2.625% due 04/15/2026  | 7254 | 7146 |
| **Take-Two Interactive Software, Inc.** <br>5.000% due 03/28/2026 | 5100 | 5113 |
| **The Campbell's Co.** <br>5.300% due 03/20/2026 | 6427 | 6459 |
| **UnitedHealth Group, Inc.** <br>4.845% due 07/15/2026 ~ | 10125 | 10127 |
| **Volkswagen Group of America Finance LLC**  |  |  |
| 1.250% due 11/24/2025  | 890 | 878 |
| 4.625% due 11/13/2025  | 700 | 699 |
| 5.236% due 03/20/2026 ~  | 2000 | 2000 |
| 5.800% due 09/12/2025  | 5000 | 5007 |
| **Zimmer Biomet Holdings, Inc.** <br>3.050% due 01/15/2026 | 37677 | 37390 |
|  |  | 455696 |
| **UTILITIES 0.6%**  |  |  |
| **American Electric Power Co., Inc.** <br>5.699% due 08/15/2025 | 1270 | 1271 |
| **Dominion Energy, Inc.** <br>3.900% due 10/01/2025 | 632 | 631 |
| **Duke Energy Corp.** <br>0.900% due 09/15/2025 | 679 | 673 |
| **Georgia Power Co.** <br>4.679% due 09/15/2026 ~ | 13075 | 13059 |
| **NBN Co. Ltd.** <br>1.000% due 12/03/2025 | 10000 | 6500 |
| **NextEra Energy Capital Holdings, Inc.**  |  |  |
| 5.116% due 01/29/2026 ~  | $9464 | 9487 |
| 5.749% due 09/01/2025  | 10375 | 10391 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.950% due 03/01/2026  | 18452 | 18212 |
| 3.150% due 01/01/2026  | 91697 | 90832 |
| 5.339% due 09/04/2025 ~  | 6879 | 6879 |
| **Pinnacle West Capital Corp.** <br>5.214% due 06/10/2026 ~ | 1034 | 1036 |
| **Public Service Enterprise Group, Inc.** <br>0.800% due 08/15/2025 | 6385 | 6354 |
| **Southern California Edison Co.** <br>3.700% due 08/01/2025 | 600 | 599 |
| **Southwestern Electric Power Co.** <br>1.650% due 03/15/2026 | 29194 | 28628 |
| **WEC Energy Group, Inc.** <br>4.750% due 01/09/2026 | 4350 | 4352 |
|  |  | 198904 |
| Total Corporate Bonds & Notes (Cost $2,123,453) |  | 2132320 |
| **U.S. GOVERNMENT AGENCIES 0.0%**  |  |  |
| **Federal Home Loan Bank**<br>0.000% due 07/01/2025 - 09/12/2025 (b) | 1400 | 1396 |
| Total U.S. Government Agencies (Cost $1,396) |  | 1396 |
| **U.S. TREASURY OBLIGATIONS 10.2%**  |  |  |
| **U.S. Treasury Notes**  |  |  |
| 0.750% due 05/31/2026 | 200000 | 194127 |
| 0.750% due 08/31/2026 | 500000 | 481973 |
| 0.875% due 09/30/2026 | 350000 | 337203 |
| 2.375% due 04/30/2026 | 200000 | 197227 |
| 3.500% due 09/30/2026 | 300000 | 298500 |
| 3.750% due 08/31/2026 | 250000 | 249443 |
| 4.125% due 01/31/2027 | 350000 | 351654 |
| 4.125% due 02/28/2027 | 200000 | 201070 |
| 4.250% due 11/30/2026 | 250000 | 251328 |
| 4.250% due 12/31/2026 | 300000 | 301793 |
| 4.375% due 07/31/2026 | 350000 | 351456 |
| 4.500% due 07/15/2026 | 150000 | 150805 |
| Total U.S. Treasury Obligations (Cost $3,359,635) |  | 3366579 |
| **ASSET-BACKED SECURITIES 0.1%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.1%**  |  |  |
| **Enterprise Fleet Financing LLC**  |  |  |
| 4.536% due 02/20/2026  | 1390 | 1390 |
| 4.555% due 05/20/2026  | 12947 | 12950 |
| **LAD Auto Receivables Trust** <br>4.511% due 02/17/2026 | 757 | 757 |
| **Toyota Lease Owner Trust** <br>4.457% due 03/20/2026 | 6571 | 6571 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Asset-Backed Securities (Cost $21,664) |  | 21668 |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **CPPIB Capital, Inc.** <br>4.852% due 07/27/2026 ~ | 4000 | 4014 |
| **Kommunalbanken AS** <br>5.397% due 06/17/2026 ~ | 3200 | 3220 |
| Total Sovereign Issues (Cost $7,231) |  | 7234 |
| **SHORT-TERM INSTRUMENTS 91.5%**  |  |  |
| **CERTIFICATES OF DEPOSIT 0.2%**  |  |  |
| **Bank of America NA** <br>4.530% due 08/05/2025 | 20100 | 20101 |
| **MUFG Bank Ltd.** <br>4.640% due 12/03/2025 ~ | 26600 | 26604 |
| **Sumitomo Mitsui Banking Corp.** <br>4.640% due 12/05/2025 ~ | 15400 | 15404 |
|  |  | 62109 |
| **COMMERCIAL PAPER 0.6%**  |  |  |
| **Alimentation Couche-Tard, Inc.**  |  |  |
| 4.630% due 07/09/2025  | 1300 | 1299 |
| 4.670% due 07/02/2025  | 900 | 900 |
| 4.670% due 07/08/2025  | 5700 | 5694 |
| **Amrize Finance U.S. LLC** <br>4.670% due 07/16/2025 | 8500 | 8483 |
| **Broadcom, Inc.** <br>4.730% due 07/10/2025 | 14700 | 14681 |
| **Conagra Brands, Inc.** <br>4.650% due 07/01/2025 | 700 | 700 |
| **Crown Castle, Inc.** <br>5.030% due 07/22/2025 | 20150 | 20088 |
| **Harley-Davidson Financial Services, Inc.** <br>5.100% due 07/21/2025 | 2500 | 2493 |
| **HCA, Inc.**  |  |  |
| 4.950% due 07/23/2025  | 4000 | 3987 |
| 5.000% due 08/22/2025  | 40800 | 40505 |
| **Marriott International, Inc.** <br>4.590% due 08/18/2025 | 3400 | 3379 |
| **PPL Electric Utilities Corp.** <br>4.570% due 07/17/2025 | 6700 | 6685 |
| **RTX Corp.**  |  |  |
| 4.620% due 07/16/2025  | 13000 | 12973 |
| 4.630% due 07/16/2025  | 40400 | 40317 |
| **Volkswagen Group of America Finance LLC** <br>4.670% due 07/02/2025 | 40200 | 40190 |
| **VW Credit, Inc.** <br>4.720% due 07/09/2025 | 2400 | 2397 |
|  |  | 204771 |
| **REPURCHASE AGREEMENTS (c) 90.5%** |  | 29839554 |
| **SHORT-TERM NOTES 0.1%**  |  |  |
| **ARI Fleet Lease Trust**<br>4.559% due 05/15/2026 | 21908 | 21918 |
| **U.S. TREASURY BILLS 0.1%**  |  |  |
| 4.328% due 07/01/2025 - 09/16/2025 (a)(b)(e) | 45069 | 44761 |
| Total Short-Term Instruments (Cost $30,146,906) |  | 30173113 |
| Total Investments in Securities (Cost $35,660,285) |  | 35702310 |
| Total Investments 108.3% (Cost $35,660,285) |  | $35702310 |
| **Financial Derivative Instruments (d) (0.1)**%(Cost or Premiums, net $0) |  | (18767) |
| Other Assets and Liabilities, net (8.2)% |  | (2728745) |
| Net Assets 100.0% |  | $32954798 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero 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.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate 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.** |
| **(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.** |
| **(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.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **(c)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Lending<br>Rate | Settlement<br>Date | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BCY | BCY | 4.470%  | 07/01/2025 | 07/02/2025 | $1900000 | &nbsp;&nbsp; U.S. Treasury Bonds 4.750% due 11/15/2053 | $(974316) | $1900000 | $1900000 |
| BOM | BOM | 2.730  | 06/20/2025 | 07/07/2025 | 1200000 | &nbsp;&nbsp; Province of Ontario 1.900% - 4.600% due 12/02/2051 - 12/02/2055 | (675565) | 881219 | 881940 |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Quebec 4.000% - 4.400% due 12/01/2055 - 02/15/2063 | (240471) |  |  |
| BOS | BOS | 4.360  | 06/11/2025 | 07/07/2025 | $500000 | &nbsp;&nbsp; U.S. Treasury Notes 4.250% due 06/30/2029 | (506317) | 500000 | 501211 |
|  |  | 4.360  | 06/17/2025 | 07/15/2025 | 737000 | &nbsp;&nbsp; U.S. Treasury Notes 3.875% - 4.125% due 01/31/2027 - 03/31/2027 | (755969) | 737000 | 738250 |
|  |  | 4.360  | 06/20/2025 | 07/16/2025 | 1100000 | &nbsp;&nbsp; U.S. Treasury Notes 1.500% due 01/31/2027 | (1127263) | 1100000 | 1101465 |
|  |  | 4.370  | 06/24/2025 | 07/02/2025 | 400000 | &nbsp;&nbsp; U.S. Treasury Notes 1.000% due 07/31/2028 | (409972) | 400000 | 400340 |
|  |  | 4.370  | 06/24/2025 | 07/03/2025 | 150000 | &nbsp;&nbsp; U.S. Treasury Notes 4.250% due 06/30/2029 | (150771) | 150000 | 150127 |
|  |  | 4.370  | 06/25/2025 | 07/03/2025 | 600000 | &nbsp;&nbsp; U.S. Treasury Notes 3.750% due 04/15/2028 | (614020) | 600000 | 600437 |
|  |  | 4.370  | 06/25/2025 | 07/07/2025 | 100000 | &nbsp;&nbsp; U.S. Treasury Notes 3.750% due 04/15/2028 | (102337) | 100000 | 100073 |
|  |  | 4.370  | 06/16/2025 | 07/08/2025 | 1129000 | &nbsp;&nbsp; U.S. Treasury Notes 1.000% - 4.250% due 01/15/2028 - 07/31/2028 | (1159283) | 1129000 | 1131056 |
|  |  | 4.370  | 06/16/2025 | 07/09/2025 | 1129000 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% - 4.250% due 01/31/2027 - 05/15/2030 | (1154390) | 1129000 | 1131056 |
|  |  | 4.370  | 06/16/2025 | 07/11/2025 | 1129000 | &nbsp;&nbsp; U.S. Treasury Notes 2.750% due 04/30/2027 | (1157803) | 1129000 | 1131056 |
|  |  | 4.370  | 06/17/2025 | 07/15/2025 | 1474000 | &nbsp;&nbsp; U.S. Treasury Notes 3.750% - 4.250% due 02/29/2028 - 05/31/2030 | (1519157) | 1474000 | 1476505 |
|  |  | 4.370  | 06/27/2025 | 07/18/2025 | 100000 | &nbsp;&nbsp; U.S. Treasury Notes 1.500% due 01/31/2027 | (102075) | 100000 | 100048 |
|  |  | 4.370  | 06/27/2025 | 07/24/2025 | 400000 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 02/28/2030 | (408311) | 400000 | 400194 |
|  |  | 4.380  | 06/20/2025 | 07/02/2025 | 1300000 | &nbsp;&nbsp; U.S. Treasury Notes 1.875% - 4.250% due 11/30/2026 - 05/15/2028 | (1335832) | 1300000 | 1301740 |
|  |  | 4.380  | 06/16/2025 | 07/07/2025 | 1505000 | &nbsp;&nbsp; U.S. Treasury Notes 0.375% - 1.875% due 09/30/2026 - 07/31/2027 | (1542965) | 1505000 | 1507747 |
|  |  | 4.380  | 06/26/2025 | 07/14/2025 | 1300000 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% - 4.375% due 05/31/2027 - 05/15/2030 | (1330011) | 1300000 | 1300791 |
|  |  | 4.380  | 06/30/2025 | 08/15/2025 | 1000000 | &nbsp;&nbsp; U.S. Treasury Notes 1.250% - 4.250% due 11/30/2026 - 05/31/2028 | (1021626) | 1000000 | 1000122 |
|  |  | 4.380  | 06/30/2025 | 08/18/2025 | 1000000 | &nbsp;&nbsp; U.S. Treasury Notes 2.750% - 4.375% due 07/31/2026 - 05/31/2029 | (1021370) | 1000000 | 1000122 |
| BOS | BOS | 4.390  | 07/01/2025 | 07/07/2025 | 900000 | &nbsp;&nbsp; U.S. Treasury Notes 2.375% - 3.625% due 05/31/2028 - 03/31/2029 | (918209) | 900000 | 900000 |
| BOS | BOS | 4.390  | 06/26/2025 | 07/07/2025 | 600000 | &nbsp;&nbsp; U.S. Treasury Notes 3.750% due 08/15/2027 | (613429) | 600000 | 600366 |
|  |  | 4.390  | 06/26/2025 | 07/08/2025 | 250000 | &nbsp;&nbsp; U.S. Treasury Notes 3.750% due 05/15/2028 | (255764) | 250000 | 250152 |
|  |  | 4.390  | 06/27/2025 | 07/10/2025 | 200000 | &nbsp;&nbsp; U.S. Treasury Notes 1.500% due 01/31/2027 | (204149) | 200000 | 200097 |
|  |  | 4.390  | 06/27/2025 | 07/11/2025 | 800000 | &nbsp;&nbsp; U.S. Treasury Notes 1.500% - 4.000% due 01/31/2027 - 02/28/2030 | (816725) | 800000 | 800390 |
|  |  | 4.410  | 07/01/2025 | 07/03/2025 | 900000 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% - 4.000% due 02/28/2030 - 05/15/2030 | (918725) | 900000 | 900000 |
|  |  | 4.420  | 06/26/2025 | 07/02/2025 | 450000 | &nbsp;&nbsp; U.S. Treasury Notes 1.500% - 4.500% due 08/15/2026 - 02/15/2028 | (460249) | 450000 | 450276 |
|  |  | 4.430  | 06/27/2025 | 07/03/2025 | 800000 | &nbsp;&nbsp; U.S. Treasury Notes 1.375% - 4.250% due 02/15/2028 - 10/31/2028 | (816662) | 800000 | 800394 |
|  |  | 4.450  | 06/30/2025 | 07/01/2025 | 782600 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | (800412) | 782600 | 782697 |
| BPS | BPS | 4.430  | 06/30/2025 | 07/01/2025 | 251000 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | (256713) | 251000 | 251031 |
| BSN | BSN | 2.680  | 06/25/2025 | 07/08/2025 | 500000 | &nbsp;&nbsp; Government of Newfoundland and Labrador 3.150% due 06/02/2030 | (30066) | 367175 | 367336 |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of British Columbia 2.750% - 4.300% due 06/18/2035 - 06/18/2052 | (75425) |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Manitoba 2.850% - 3.400% due 09/05/2046 - 09/05/2048 | (53127) |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Nova Scotia 3.150% due 12/01/2051 | (60327) |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Ontario 1.900% - 2.550% due 12/02/2051 - 12/02/2052 | (37815) |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Quebec 4.250% due 12/01/2043 | (30213) |  |  |

---

------

<br> Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Saskatchewan 2.350% - 4.200% due 06/02/2045 - 06/02/2060 | &nbsp;&nbsp; Province of Saskatchewan 2.350% - 4.200% due 06/02/2045 - 06/02/2060 | &nbsp;&nbsp; Province of Saskatchewan 2.350% - 4.200% due 06/02/2045 - 06/02/2060 | (90472) |  |  |  |
| BUS | 2.700  | 06/18/2025 | 07/03/2025 | 07/03/2025 | 800000 | &nbsp;&nbsp; Province of British Columbia 2.950% - 4.450% due 06/18/2042 - 12/18/2055 | &nbsp;&nbsp; Province of British Columbia 2.950% - 4.450% due 06/18/2042 - 12/18/2055 | &nbsp;&nbsp; Province of British Columbia 2.950% - 4.450% due 06/18/2042 - 12/18/2055 | (344327) | 587479 | 587479 | 588041 |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of New Brunswick 3.800% due 08/14/2045 | &nbsp;&nbsp; Province of New Brunswick 3.800% due 08/14/2045 | &nbsp;&nbsp; Province of New Brunswick 3.800% due 08/14/2045 | (3841) |  |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Ontario 2.650% - 4.600% due 06/02/2039 - 12/02/2050 | &nbsp;&nbsp; Province of Ontario 2.650% - 4.600% due 06/02/2039 - 12/02/2050 | &nbsp;&nbsp; Province of Ontario 2.650% - 4.600% due 06/02/2039 - 12/02/2050 | (213872) |  |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Quebec 5.000% due 12/01/2041 | &nbsp;&nbsp; Province of Quebec 5.000% due 12/01/2041 | &nbsp;&nbsp; Province of Quebec 5.000% due 12/01/2041 | (30477) |  |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Saskatchewan 3.300% due 06/02/2048 | &nbsp;&nbsp; Province of Saskatchewan 3.300% due 06/02/2048 | &nbsp;&nbsp; Province of Saskatchewan 3.300% due 06/02/2048 | (19154) |  |  |  |
|  | 2.700  | 06/23/2025 | 07/07/2025 | 07/07/2025 | 360000 | &nbsp;&nbsp; Province of Quebec 3.500% due 12/01/2048 | &nbsp;&nbsp; Province of Quebec 3.500% due 12/01/2048 | &nbsp;&nbsp; Province of Quebec 3.500% due 12/01/2048 | (272843) | 264366 | 264366 | 264522 |
| BUS | 2.700  | 06/24/2025 | 07/08/2025 | 07/08/2025 | 50000 | &nbsp;&nbsp; Province of Quebec 2.850% due 12/01/2053 | &nbsp;&nbsp; Province of Quebec 2.850% due 12/01/2053 | &nbsp;&nbsp; Province of Quebec 2.850% due 12/01/2053 | (37911) | 36717 | 36717 | 36736 |
| CEW | 2.720  | 06/27/2025 | 07/11/2025 | 07/11/2025 | 900000 | &nbsp;&nbsp; Province of Ontario 2.000% - 4.150% due 12/01/2036 - 12/02/2054 | &nbsp;&nbsp; Province of Ontario 2.000% - 4.150% due 12/01/2036 - 12/02/2054 | &nbsp;&nbsp; Province of Ontario 2.000% - 4.150% due 12/01/2036 - 12/02/2054 | (406975) | 660914 | 660914 | 661110 |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Quebec 2.850% - 3.500% due 12/01/2045 - 12/01/2053 | &nbsp;&nbsp; Province of Quebec 2.850% - 3.500% due 12/01/2045 - 12/01/2053 | &nbsp;&nbsp; Province of Quebec 2.850% - 3.500% due 12/01/2045 - 12/01/2053 | (277350) |  |  |  |
| CEW | 2.730  | 06/18/2025 | 07/03/2025 | 07/03/2025 | 50000 | &nbsp;&nbsp; Province of Ontario 2.900% due 06/02/2049 | &nbsp;&nbsp; Province of Ontario 2.900% due 06/02/2049 | &nbsp;&nbsp; Province of Ontario 2.900% due 06/02/2049 | (1714) | 36717 | 36717 | 36752 |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Quebec 4.400% due 12/01/2055 | &nbsp;&nbsp; Province of Quebec 4.400% due 12/01/2055 | &nbsp;&nbsp; Province of Quebec 4.400% due 12/01/2055 | (36639) |  |  |  |
| CEW | 2.730  | 06/25/2025 | 07/03/2025 | 07/03/2025 | 360000 | &nbsp;&nbsp; Province of Alberta 3.050% due 12/01/2048 | &nbsp;&nbsp; Province of Alberta 3.050% due 12/01/2048 | &nbsp;&nbsp; Province of Alberta 3.050% due 12/01/2048 | (46849) | 264366 | 264366 | 264484 |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Manitoba 2.550% - 2.850% due 06/02/2026 - 09/05/2046 | &nbsp;&nbsp; Province of Manitoba 2.550% - 2.850% due 06/02/2026 - 09/05/2046 | &nbsp;&nbsp; Province of Manitoba 2.550% - 2.850% due 06/02/2026 - 09/05/2046 | (85216) |  |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Ontario 2.900% due 06/02/2028 | &nbsp;&nbsp; Province of Ontario 2.900% due 06/02/2028 | &nbsp;&nbsp; Province of Ontario 2.900% due 06/02/2028 | (70195) |  |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Quebec 4.200% due 12/01/2057 | &nbsp;&nbsp; Province of Quebec 4.200% due 12/01/2057 | &nbsp;&nbsp; Province of Quebec 4.200% due 12/01/2057 | (24121) |  |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Saskatchewan 3.900% due 06/02/2045 | &nbsp;&nbsp; Province of Saskatchewan 3.900% due 06/02/2045 | &nbsp;&nbsp; Province of Saskatchewan 3.900% due 06/02/2045 | (44534) |  |  |  |
| CIB | 2.700  | 06/23/2025 | 07/08/2025 | 07/08/2025 | 360000 | &nbsp;&nbsp; Province of Ontario 2.650% - 4.600% due 12/02/2050 - 12/02/2055 | &nbsp;&nbsp; Province of Ontario 2.650% - 4.600% due 12/02/2050 - 12/02/2055 | &nbsp;&nbsp; Province of Ontario 2.650% - 4.600% due 12/02/2050 - 12/02/2055 | (82243) | 264366 | 264366 | 264522 |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Quebec 4.400% due 12/01/2055 | &nbsp;&nbsp; Province of Quebec 4.400% due 12/01/2055 | &nbsp;&nbsp; Province of Quebec 4.400% due 12/01/2055 | (190525) |  |  |  |
| CIB | 2.730  | 06/24/2025 | 07/08/2025 | 07/08/2025 | 330000 | &nbsp;&nbsp; Province of Alberta 3.050% due 12/01/2048 | &nbsp;&nbsp; Province of Alberta 3.050% due 12/01/2048 | &nbsp;&nbsp; Province of Alberta 3.050% due 12/01/2048 | (8115) | 242335 | 242335 | 242461 |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Ontario 2.800% due 06/02/2048 | &nbsp;&nbsp; Province of Ontario 2.800% due 06/02/2048 | &nbsp;&nbsp; Province of Ontario 2.800% due 06/02/2048 | (112843) |  |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Quebec 3.500% due 12/01/2048 | &nbsp;&nbsp; Province of Quebec 3.500% due 12/01/2048 | &nbsp;&nbsp; Province of Quebec 3.500% due 12/01/2048 | (126692) |  |  |  |
| FICC STR | 4.400  | 06/30/2025 | 07/01/2025 | 07/01/2025 | 919800 | &nbsp;&nbsp; U.S. Treasury Notes 3.750% due 06/30/2027 | &nbsp;&nbsp; U.S. Treasury Notes 3.750% due 06/30/2027 | &nbsp;&nbsp; U.S. Treasury Notes 3.750% due 06/30/2027 | (938196) | 919800 | 919800 | 919912 |
| JPS | 4.470  | 06/30/2025 | 07/01/2025 | 07/01/2025 | 33200 | &nbsp;&nbsp; U.S. Treasury Notes 1.250% due 12/31/2026 | &nbsp;&nbsp; U.S. Treasury Notes 1.250% due 12/31/2026 | &nbsp;&nbsp; U.S. Treasury Notes 1.250% due 12/31/2026 | (33871) | 33200 | 33200 | 33204 |
| MEI | 2.680  | 06/24/2025 | 07/08/2025 | 07/08/2025 | 350000 | &nbsp;&nbsp; Canada Government International Bond 1.250% - 4.000% due 08/01/2026 - 12/01/2033 | &nbsp;&nbsp; Canada Government International Bond 1.250% - 4.000% due 08/01/2026 - 12/01/2033 | &nbsp;&nbsp; Canada Government International Bond 1.250% - 4.000% due 08/01/2026 - 12/01/2033 | (263215) | 257022 | 257022 | 257153 |
| MSR | 4.420  | 06/30/2025 | 07/01/2025 | 07/01/2025 | 250000 | &nbsp;&nbsp; U.S. Treasury Notes 4.625% due 06/15/2027 | &nbsp;&nbsp; U.S. Treasury Notes 4.625% due 06/15/2027 | &nbsp;&nbsp; U.S. Treasury Notes 4.625% due 06/15/2027 | (255463) | 250000 | 250000 | 250031 |
| RBC | 2.680  | 06/24/2025 | 07/03/2025 | 07/03/2025 | 500000 | &nbsp;&nbsp; Province of Quebec 5.000% due 12/01/2041 | &nbsp;&nbsp; Province of Quebec 5.000% due 12/01/2041 | &nbsp;&nbsp; Province of Quebec 5.000% due 12/01/2041 | (377654) | 367175 | 367175 | 367363 |
|  | 2.680  | 06/26/2025 | 07/03/2025 | 07/03/2025 | 160000 | &nbsp;&nbsp; Province of British Columbia 4.450% due 12/18/2055 | &nbsp;&nbsp; Province of British Columbia 4.450% due 12/18/2055 | &nbsp;&nbsp; Province of British Columbia 4.450% due 12/18/2055 | (123048) | 117496 | 117496 | 117539 |
|  | 2.690  | 06/17/2025 | 07/03/2025 | 07/03/2025 | 500000 | &nbsp;&nbsp; Province of Quebec 4.200% due 12/01/2057 | &nbsp;&nbsp; Province of Quebec 4.200% due 12/01/2057 | &nbsp;&nbsp; Province of Quebec 4.200% due 12/01/2057 | (383457) | 367175 | 367175 | 367552 |
|  | 2.710  | 06/13/2025 | 07/03/2025 | 07/03/2025 | 1000000 | &nbsp;&nbsp; Province of Ontario 3.450% due 06/02/2045 | &nbsp;&nbsp; Province of Ontario 3.450% due 06/02/2045 | &nbsp;&nbsp; Province of Ontario 3.450% due 06/02/2045 | (715301) | 734349 | 734349 | 735327 |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Quebec 5.000% due 12/01/2041 | &nbsp;&nbsp; Province of Quebec 5.000% due 12/01/2041 | &nbsp;&nbsp; Province of Quebec 5.000% due 12/01/2041 | (45132) |  |  |  |
| TOR | 2.710  | 06/20/2025 | 07/07/2025 | 07/07/2025 | 390000 | &nbsp;&nbsp; Province of Alberta 1.650% due 06/01/2031 | &nbsp;&nbsp; Province of Alberta 1.650% due 06/01/2031 | &nbsp;&nbsp; Province of Alberta 1.650% due 06/01/2031 | (7556) | 286396 | 286396 | 286629 |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of British Columbia 2.200% - 4.300% due 06/18/2030 - 06/18/2048 | &nbsp;&nbsp; Province of British Columbia 2.200% - 4.300% due 06/18/2030 - 06/18/2048 | &nbsp;&nbsp; Province of British Columbia 2.200% - 4.300% due 06/18/2030 - 06/18/2048 | (170606) |  |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of New Brunswick 2.550% - 5.500% due 08/14/2031 - 08/14/2045 | &nbsp;&nbsp; Province of New Brunswick 2.550% - 5.500% due 08/14/2031 - 08/14/2045 | &nbsp;&nbsp; Province of New Brunswick 2.550% - 5.500% due 08/14/2031 - 08/14/2045 | (49527) |  |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Nova Scotia 3.850% - 4.900% due 06/01/2035 | &nbsp;&nbsp; Province of Nova Scotia 3.850% - 4.900% due 06/01/2035 | &nbsp;&nbsp; Province of Nova Scotia 3.850% - 4.900% due 06/01/2035 | (34115) |  |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Saskatchewan 2.150% - 2.200% due 06/02/2030 - 06/02/2031 | &nbsp;&nbsp; Province of Saskatchewan 2.150% - 2.200% due 06/02/2030 - 06/02/2031 | &nbsp;&nbsp; Province of Saskatchewan 2.150% - 2.200% due 06/02/2030 - 06/02/2031 | (33961) |  |  |  |
|  | 2.710  | 06/24/2025 | 07/07/2025 | 07/07/2025 | 20000 | &nbsp;&nbsp; Province of Alberta 3.950% due 06/01/2035 | &nbsp;&nbsp; Province of Alberta 3.950% due 06/01/2035 | &nbsp;&nbsp; Province of Alberta 3.950% due 06/01/2035 | (7542) | 14687 | 14687 | 14695 |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Saskatchewan 2.550% due 06/02/2026 | &nbsp;&nbsp; Province of Saskatchewan 2.550% due 06/02/2026 | &nbsp;&nbsp; Province of Saskatchewan 2.550% due 06/02/2026 | (7501) |  |  |  |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  | $**(29630887)** | $**29839554** | **29839554** | $**29865052** |
| **Cash of $91,059 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $91,059 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $91,059 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $91,059 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $91,059 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $91,059 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $91,059 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $91,059 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $91,059 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $91,059 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $91,059 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $91,059 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** | **Cash of $91,059 has been pledged as collateral under the terms of master agreements as of June 30, 2025.** |
| 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. |
| **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **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:** |
|  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 07/2025  | 07/2025  | $ | $1534 | 1534 | 2092 | 2092 | 2 | 2 | $0 | 0 |
|  |  | 08/2025  | 08/2025  | CAD | 2089 | 2089 | $1534 | 1534 | 0 | 0 | (2) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 07/2025  | 07/2025  |  | 1091156 | 1091156 | 793823 | 793823 | 0 | 0 | (7360) | (7360) |
|  |  | 08/2025  | 08/2025  |  | 926 | 926 | 678 | 678 | 0 | 0 | (3) | (3) |
|  |  | 08/2025  | 08/2025  | $ | $1585 | 1585 | 227806 | 227806 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 07/2025  | 07/2025  | AUD | 284087 | 284087 | $183081 | 183081 | 0 | 0 | (3834) | (3834) |
|  |  | 07/2025  | 07/2025  | CAD | 18626 | 18626 | 13572 | 13572 | 0 | 0 | (100) | (100) |
|  |  | 07/2025  | 07/2025  | $ | $1570 | 1570 | 225758 | 225758 | 0 | 0 | (4) | (4) |
|  |  | 08/2025  | 08/2025  |  | 1585 | 1585 | 227804 | 227804 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 07/2025  | 07/2025  |  | 4938 | 4938 | 32427 | 32427 | 180 | 180 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 07/2025  | 07/2025  | CAD | 2335502 | 2335502 | $1707222 | 1707222 | 0 | 0 | (7480) | (7480) |
|  |  | 07/2025  | 07/2025  | KRW | 261227 | 261227 | 191 | 191 | 0 | 0 | (3) | (3) |
|  |  | 07/2025  | 07/2025  | $ | $3133 | 3133 | 4290 | 4290 | 16 | 16 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CIB | &nbsp;&nbsp;&nbsp;&nbsp; CIB | 07/2025  | 07/2025  | CAD | 10432 | 10432 | $7600 | 7600 | 0 | 0 | (57) | (57) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | 07/2025  | 07/2025  | DKK | 24405 | 24405 | 3832 | 3832 | 0 | 0 | (20) | (20) |
|  |  | 08/2025  | 08/2025  | $ | $3832 | 3832 | 24346 | 24346 | 20 | 20 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 07/2025  | 07/2025  | CAD | 1351533 | 1351533 | $995092 | 995092 | 2981 | 2981 | 0 | 0 |
|  |  | 07/2025  | 07/2025  | DKK | 33170 | 33170 | 5212 | 5212 | 0 | 0 | (23) | (23) |
|  |  | 07/2025  | 07/2025  | JPY | 1421890 | 1421890 | 9900 | 9900 | 47 | 47 | (8) | (8) |
|  |  | 07/2025  | 07/2025  | $ | $185736 | 185736 | 284087 | 284087 | 1179 | 1179 | 0 | 0 |
|  |  | 07/2025  | 07/2025  |  | 6613 | 6613 | 959429 | 959429 | 48 | 48 | (8) | (8) |
|  |  | 08/2025  | 08/2025  | AUD | 284087 | 284087 | $185851 | 185851 | 0 | 0 | (1182) | (1182) |
|  |  | 08/2025  | 08/2025  | JPY | 739585 | 739585 | 5100 | 5100 | 0 | 0 | (48) | (48) |
|  |  | 08/2025  | 08/2025  | $ | $5212 | 5212 | 33089 | 33089 | 23 | 23 | 0 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | 08/2025  | 08/2025  | 839 | 839 | 839 | JPY | 121621 | 121621 | 121621 |  | 8 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 07/2025  | 07/2025  | 1401269 | 1401269 | 1401269 | $ | $1025241 | 1025241 | 1025241 |  | 0 |  | (3648) | (3648) |
|  |  |  | 07/2025  | 07/2025  | 20565 | 20565 | 20565 |  | 15 | 15 | 15 |  | 0 |  | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | $8217 | 8217 | 8217 | CAD | 11239 | 11239 | 11239 |  | 33 |  | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 3806 | 3806 | 3806 | DKK | 25128 | 25128 | 25128 |  | 161 |  | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 32 | 32 | 32 | JPY | 4572 | 4572 | 4572 |  | 0 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 07/2025  | 07/2025  | 1001485 | 1001485 | 1001485 | $ | $736582 | 736582 | 736582 |  | 1429 |  | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 59369 | 59369 | 59369 |  | 413 | 413 | 413 |  | 2 |  | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | $17003 | 17003 | 17003 | CAD | 23326 | 23326 | 23326 |  | 131 |  | (12) | (12) |
|  |  |  | 07/2025  | 07/2025  | 1680 | 1680 | 1680 | JPY | 241476 | 241476 | 241476 |  | 0 |  | (6) | (6) |
|  |  |  | 08/2025  | 08/2025  | 19689 | 19689 | 19689 | $ | $14347 | 14347 | 14347 |  | 0 |  | (129) | (129) |
|  |  |  | 08/2025  | 08/2025  | $1334 | 1334 | 1334 | JPY | 191697 | 191697 | 191697 |  | 0 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 07/2025  | 07/2025  | 226766 | 226766 | 226766 | $ | $1565 | 1565 | 1565 |  | 0 |  | (7) | (7) |
|  |  |  | 07/2025  | 07/2025  | $9525 | 9525 | 9525 | CAD | 13067 | 13067 | 13067 |  | 66 |  | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 2438 | 2438 | 2438 | JPY | 354420 | 354420 | 354420 |  | 19 |  | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 248707 | 248707 | 248707 | $ | $1713 | 1713 | 1713 |  | 0 |  | (18) | (18) |
|  |  |  | 08/2025  | 08/2025  | $1362 | 1362 | 1362 | JPY | 196677 | 196677 | 196677 |  | 7 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC | &nbsp;&nbsp;&nbsp;&nbsp; RBC | &nbsp;&nbsp;&nbsp;&nbsp; RBC | 07/2025  | 07/2025  | 6390 | 6390 | 6390 | $ | $4646 | 4646 | 4646 |  | 0 |  | (44) | (44) |
|  |  |  | 07/2025  | 07/2025  | $1570 | 1570 | 1570 | JPY | 225758 | 225758 | 225758 |  | 0 |  | (4) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 07/2025  | 07/2025  | 517777 | 517777 | 517777 | $ | $377712 | 377712 | 377712 |  | 0 |  | (2462) | (2462) |
|  |  |  | 07/2025  | 07/2025  | 166759 | 166759 | 166759 |  | 1155 | 1155 | 1155 |  | 0 |  | (2) | (2) |
|  |  |  | 07/2025  | 07/2025  | $1589 | 1589 | 1589 | JPY | 228539 | 228539 | 228539 |  | 0 |  | (4) | (4) |
|  |  |  | 08/2025  | 08/2025  | 2771 | 2771 | 2771 | $ | $19 | 19 | 19 |  | 0 |  | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | $1155 | 1155 | 1155 | JPY | 166145 | 166145 | 166145 |  | 2 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 07/2025  | 07/2025  | 219375 | 219375 | 219375 | $ | $1520 | 1520 | 1520 |  | 0 |  | (1) | (1) |
|  |  |  | 07/2025  | 07/2025  | $13082 | 13082 | 13082 | CAD | 17844 | 17844 | 17844 |  | 16 |  | 0 | 0 |
|  |  |  | 07/2025  | 07/2025  | 2854 | 2854 | 2854 | JPY | 411998 | 411998 | 411998 |  | 3 |  | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 410486 | 410486 | 410486 | $ | $2854 | 2854 | 2854 |  | 0 |  | (3) | (3) |
|  |  |  | 08/2025  | 08/2025  | $1520 | 1520 | 1520 | JPY | 218570 | 218570 | 218570 |  | 2 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 07/2025  | 07/2025  | 16236 | 16236 | 16236 | $ | $11897 | 11897 | 11897 |  | 0 |  | (21) | (21) |
|  |  |  | 07/2025  | 07/2025  | 1000 | 1000 | 1000 |  | 7 | 7 | 7 |  | 0 |  | 0 | 0 |
|  |  |  | 08/2025  | 08/2025  | 13868 | 13868 | 13868 |  | 10190 | 10190 | 10190 |  | 0 |  | (7) | (7) |
|  |  |  | 08/2025  | 08/2025  | $11896 | 11896 | 11896 | CAD | 16209 | 16209 | 16209 |  | 21 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 07/2025  | 07/2025  | 161013 | 161013 | 161013 | $ | $117178 | 117178 | 117178 |  | 0 |  | (1016) | (1016) |
|  |  |  | 07/2025  | 07/2025  | 19159 | 19159 | 19159 |  | 132 | 132 | 132 |  | 0 |  | (1) | (1) |
|  |  |  | 07/2025  | 07/2025  | $831 | 831 | 831 | JPY | 120229 | 120229 | 120229 |  | 3 |  | 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** | $**6399** | **6399** | $**(27517)** | **(27517)** | **(27517)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(1)</sup> | Pay/Receive<sup>(1)</sup> | Underlying<br>Reference | # of Shares | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; MYC | &nbsp;&nbsp; MYC | Receive | Receive | U.S. Treasury Inflation Protected Securities  | N/A | &nbsp;&nbsp; 4.370% | Maturity | Maturity | 07/03/2025 | 07/03/2025 | 350000 | 0 | (362) | 0 | 0 | $(362) |
|  |  | Receive | Receive | U.S. Treasury Inflation Protected Securities  | N/A | &nbsp;&nbsp; 4.480% | Maturity | Maturity | 07/07/2025 | 07/07/2025 | 350000 | 0 | (312) | 0 | 0 | (312) |
|  |  | Receive | Receive | U.S. Treasury Inflation Protected Securities  | N/A | &nbsp;&nbsp; 4.440% | Maturity | Maturity | 07/08/2025 | 07/08/2025 | 650000 | 0 | (799) | 0 | 0 | (799) |
|  |  | Receive | Receive | U.S. Treasury Inflation Protected Securities  | N/A | &nbsp;&nbsp; 4.480% | Maturity | Maturity | 07/10/2025 | 07/10/2025 | 450000 | 0 | (274) | 0 | 0 | (274) |
|  |  | Receive | Receive | U.S. Treasury Inflation Protected Securities  | N/A | &nbsp;&nbsp; 4.410% | Maturity | Maturity | 07/15/2025 | 07/15/2025 | 550000 | 0 | (1131) | 0 | 0 | (1131) |
|  |  | Receive | Receive | U.S. Treasury Inflation Protected Securities  | N/A | &nbsp;&nbsp; 4.470% | Maturity | Maturity | 07/21/2025 | 07/21/2025 | 500000 | 0 | 0 | 0 | 0 | 0 |
|  |  | Receive | Receive | U.S. Treasury Inflation Protected Securities  | N/A | &nbsp;&nbsp; 4.480% | Maturity | Maturity | 07/21/2025 | 07/21/2025 | 550000 | 0 | 5229 | 5583 | 5583 | (354) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **0** | **$** | **5583** | **$** | **(3232)** |
| **(e)** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** | **Securities with an aggregate market value of $16,764 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2025.** |
| <sup>(1)</sup> | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. |
| **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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 1 | Level 2 | Level 2 | Level 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |  |

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<br> Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III (Cont.) June 30, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments** **in Securities, at Value** | **Investments** **in Securities, at Value** | **Investments** **in Securities, at Value** | **Investments** **in Securities, at Value** | **Investments** **in Securities, at Value** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | $0 | $1477720 | $0 | $1477720 |
| Industrials | 0 | 455696 | 0 | 455696 |
| Utilities | 0 | 198904 | 0 | 198904 |
| U.S. Government Agencies | 0 | 1396 | 0 | 1396 |
| U.S. Treasury Obligations | 0 | 3366579 | 0 | 3366579 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile Sequential | 0 | 21668 | 0 | 21668 |
| Sovereign Issues | 0 | 7234 | 0 | 7234 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Certificates of Deposit | 0 | 62109 | 0 | 62109 |
| Commercial Paper | 0 | 204771 | 0 | 204771 |
| Repurchase Agreements | 0 | 29839554 | 0 | 29839554 |
| Short-Term Notes | 0 | 21918 | 0 | 21918 |
| U.S. Treasury Bills | 0 | 44761 | 0 | 44761 |
| Total Investments | $0 | $35702310 | $0 | $35702310 |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Over the counter | $0 | $11982 | $0 | $11982 |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Over the counter | $0 | $(30749) | $0 | $(30749) |
| Total Financial Derivative Instruments | $0 | $(18767) | $0 | $(18767) |
| Totals | $0 | $35683543 | $0 | $35683543 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

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<br> Schedule of Investments PIMCO Short-Term Portfolio June 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 146.9% ¤** |  |  |
| **CORPORATE BONDS & NOTES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Lehman Brothers Holdings, Inc.** <br>7.000% due 09/27/2027 ^(a) | $2000 | $1 |
| Total Corporate Bonds & Notes (Cost $1,032) |  | 1 |
| **U.S. GOVERNMENT AGENCIES 66.6%**  |  |  |
| **Fannie Mae**  |  |  |
| 4.060% due 03/01/2030 | 410 | 407 |
| 4.194% due 08/01/2032 •  | 2 | 2 |
| 4.282% due 07/01/2027 •  | 1 | 1 |
| 4.407% due 05/01/2036 •  | 12 | 12 |
| 4.437% due 05/01/2036 •  | 12 | 12 |
| 4.496% due 12/25/2036 •  | 28 | 27 |
| 4.556% due 03/25/2034 •  | 6 | 6 |
| 4.600% due 05/01/2036 •  | 6 | 5 |
| 4.720% due 01/25/2034 •  | 5 | 5 |
| 4.735% due 12/25/2042 ~ | 49 | 49 |
| 4.750% due 08/25/2042 ~ | 6 | 6 |
| 4.766% due 08/01/2026 | 370 | 372 |
| 4.770% due 05/25/2042 - 09/25/2042 •  | 84 | 84 |
| 4.816% due 05/18/2032 •  | 4 | 4 |
| 4.820% due 06/25/2029 - 12/25/2033 •  | 12 | 12 |
| 4.860% due 05/25/2036 •  | 4 | 4 |
| 4.866% due 10/18/2030 •  | 10 | 10 |
| 4.868% due 09/17/2027 •  | 3 | 3 |
| 4.870% due 10/25/2030 •  | 8 | 8 |
| 4.916% due 11/18/2030 •  | 4 | 4 |
| 4.920% due 08/25/2031 - 01/25/2033 •  | 8 | 9 |
| 4.970% due 12/25/2030 •  | 6 | 6 |
| 5.070% due 11/25/2031 •  | 10 | 10 |
| 5.120% due 04/25/2032 •  | 6 | 6 |
| 5.420% due 04/25/2032 •  | 5 | 5 |
| 5.622% due 06/01/2032 •  | 2 | 2 |
| 5.647% due 11/01/2027 - 01/01/2038 •  | 1 | 0 |
| 5.672% due 11/01/2040 •  | 1 | 1 |
| 5.697% due 07/01/2042 - 07/01/2044 •  | 102 | 102 |
| 5.700% due 10/01/2034 •  | 28 | 28 |
| 5.747% due 09/01/2041 •  | 7 | 7 |
| 5.875% due 02/01/2034 •  | 28 | 28 |
| 5.900% due 05/01/2030 •  | 9 | 9 |
| 5.938% due 05/01/2034 •  | 3 | 3 |
| 6.000% due 11/01/2036 •  | 112 | 113 |
| 6.000% due 02/25/2044 - 08/25/2044 | 13 | 13 |
| 6.009% due 12/01/2034 •  | 3 | 3 |
| 6.038% due 04/01/2033 - 09/01/2033 •  | 9 | 9 |
| 6.040% due 10/01/2032 •  | 5 | 5 |
| 6.041% due 04/01/2037 •  | 1 | 1 |
| 6.060% due 05/01/2035 •  | 26 | 26 |
| 6.105% due 05/01/2032 •  | 2 | 2 |
| 6.115% due 11/01/2033 •  | 27 | 27 |
| 6.125% due 09/01/2033 •  | 12 | 12 |
| 6.133% due 03/01/2030 •  | 16 | 16 |
| 6.140% due 11/01/2035 •  | 11 | 11 |
| 6.143% due 03/01/2034 •  | 167 | 168 |
| 6.184% due 09/01/2033 •  | 12 | 12 |
| 6.195% due 04/01/2034 •  | 15 | 15 |
| 6.206% due 02/01/2037 •  | 4 | 4 |
| 6.210% due 01/01/2035 •  | 11 | 12 |
| 6.213% due 11/01/2035 •  | 10 | 10 |
| 6.225% due 11/01/2034 •  | 21 | 22 |
| 6.240% due 05/01/2033 •  | 2 | 2 |
| 6.248% due 06/01/2035 •  | 13 | 13 |
| 6.249% due 02/01/2035 •  | 8 | 8 |
| 6.250% due 01/01/2033 •  | 1 | 1 |
| 6.250% due 05/25/2042 | 10 | 11 |
| 6.264% due 01/01/2035 •  | 1 | 1 |
| 6.272% due 01/01/2034 •  | 1 | 1 |
| 6.290% due 12/01/2032 •  | 2 | 2 |
| 6.292% due 04/01/2034 •  | 4 | 4 |
| 6.305% due 09/01/2034 •  | 17 | 17 |
| 6.307% due 12/01/2034 •  | 19 | 20 |

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<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.308% due 03/01/2033 •  | 48 | 50 |
| 6.325% due 11/01/2047 •  | 102 | 104 |
| 6.345% due 01/01/2035 •  | 4 | 4 |
| 6.350% due 07/01/2035 •  | 3 | 3 |
| 6.357% due 01/01/2033 - 02/01/2035 •  | 4 | 4 |
| 6.366% due 07/01/2034 •  | 32 | 32 |
| 6.370% due 02/01/2035 •  | 61 | 62 |
| 6.375% due 05/01/2032 - 12/01/2033 •  | 45 | 46 |
| 6.387% due 07/01/2035 •  | 2 | 2 |
| 6.395% due 07/01/2029 •  | 1 | 1 |
| 6.397% due 07/01/2034 - 11/01/2035 •  | 22 | 22 |
| 6.400% due 11/01/2032 •  | 1 | 1 |
| 6.425% due 03/01/2035 - 01/01/2036 •  | 30 | 31 |
| 6.429% due 02/01/2035 •  | 7 | 7 |
| 6.440% due 04/01/2033 •  | 4 | 4 |
| 6.454% due 02/01/2035 •  | 4 | 4 |
| 6.460% due 04/01/2035 •  | 4 | 4 |
| 6.463% due 07/01/2037 •  | 25 | 25 |
| 6.467% due 01/01/2035 - 12/01/2036 •  | 9 | 9 |
| 6.500% due 11/01/2026 - 06/01/2034 •  | 9 | 9 |
| 6.500% due 01/25/2044 | 119 | 122 |
| 6.505% due 02/01/2034 •  | 7 | 7 |
| 6.520% due 07/01/2033 •  | 24 | 24 |
| 6.525% due 01/01/2033 •  | 1 | 1 |
| 6.527% due 03/01/2033 •  | 1 | 1 |
| 6.530% due 03/01/2034 •  | 9 | 9 |
| 6.546% due 12/01/2035 •  | 4 | 4 |
| 6.547% due 05/01/2037 •  | 143 | 146 |
| 6.552% due 01/01/2037 •  | 1 | 1 |
| 6.572% due 01/01/2033 - 12/01/2036 •  | 27 | 28 |
| 6.585% due 09/01/2035 •  | 9 | 9 |
| 6.598% due 10/01/2035 •  | 53 | 53 |
| 6.601% due 02/01/2034 •  | 22 | 22 |
| 6.605% due 12/01/2035 •  | 135 | 138 |
| 6.621% due 05/01/2036 •  | 11 | 11 |
| 6.625% due 10/01/2034 •  | 2 | 2 |
| 6.633% due 12/01/2030 •  | 1 | 1 |
| 6.655% due 10/01/2033 •  | 1 | 1 |
| 6.667% due 11/01/2032 •  | 1 | 1 |
| 6.675% due 04/01/2035 •  | 2 | 2 |
| 6.676% due 06/01/2037 •  | 6 | 6 |
| 6.705% due 06/01/2036 •  | 6 | 6 |
| 6.709% due 03/01/2035 •  | 28 | 28 |
| 6.724% due 04/01/2040 •  | 52 | 53 |
| 6.730% due 04/01/2033 •  | 61 | 63 |
| 6.744% due 07/01/2033 •  | 1 | 1 |
| 6.750% due 03/01/2034 - 02/01/2036 •  | 51 | 52 |
| 6.781% due 03/01/2033 •  | 8 | 8 |
| 6.790% due 01/01/2036 •  | 1 | 1 |
| 6.802% due 09/01/2037 •  | 120 | 121 |
| 6.841% due 11/01/2031 •  | 5 | 5 |
| 6.848% due 11/01/2034 •  | 5 | 5 |
| 6.860% due 11/01/2033 •  | 13 | 13 |
| 6.875% due 09/01/2033 - 06/01/2034 •  | 23 | 23 |
| 6.945% due 04/01/2028 •  | 5 | 5 |
| 7.000% due 10/01/2033 - 02/25/2044 | 12 | 12 |
| 7.037% due 11/01/2034 •  | 2 | 3 |
| 7.089% due 11/01/2033 •  | 23 | 23 |
| 7.120% due 11/01/2033 •  | 11 | 11 |
| 7.195% due 11/01/2033 •  | 77 | 78 |
| 7.203% due 02/01/2034 •  | 8 | 8 |
| 7.255% due 10/01/2033 •  | 18 | 19 |
| 7.329% due 11/01/2034 •  | 2 | 2 |
| 7.330% due 08/01/2033 •  | 4 | 5 |
| 7.348% due 07/01/2035 •  | 7 | 7 |
| 7.470% due 06/01/2034 •  | 47 | 49 |
| 7.493% due 07/01/2035 •  | 1 | 1 |
| 7.500% due 05/25/2042 | 10 | 11 |
| 7.502% due 06/01/2035 •  | 6 | 6 |
| 7.505% due 08/01/2035 •  | 8 | 9 |
| 7.518% due 09/01/2035 •  | 50 | 51 |
| 7.664% due 10/01/2035 •  | 5 | 6 |
| 7.815% due 08/01/2037 •  | 261 | 269 |
| 8.096% due 09/01/2035 •  | 39 | 41 |
| **Freddie Mac**  |  |  |
| 3.000% due 02/01/2048 | 2071 | 1829 |
| 4.194% due 01/01/2030 •  | 10 | 10 |
| 4.500% due 04/15/2032 | 76 | 76 |
| 4.694% due 08/25/2031 •  | 105 | 105 |
| 4.700% due 09/25/2031 •  | 48 | 47 |
| 4.718% due 03/15/2036 •  | 1 | 1 |
| 4.768% due 02/15/2029 - 03/15/2029 •  | 10 | 10 |
| 4.770% due 06/25/2029 •  | 39 | 38 |
| 4.818% due 07/15/2026 - 01/15/2033 •  | 21 | 21 |
| 4.820% due 05/25/2043 •  | 583 | 564 |
| 4.868% due 09/15/2026 - 08/15/2029 •  | 4 | 4 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.918% due 10/15/2026 - 01/15/2032 •  | 2 | 3 |
| 4.968% due 08/15/2029 - 03/15/2032 •  | 15 | 15 |
| 5.018% due 06/15/2029 - 12/15/2031 •  | 15 | 15 |
| 5.500% due 10/15/2032 | 3 | 3 |
| 5.590% due 09/01/2030 •  | 25 | 25 |
| 5.599% due 10/25/2044 - 02/25/2045 •  | 267 | 248 |
| 5.655% due 09/01/2037 •  | 181 | 180 |
| 5.799% due 07/25/2044 •  | 858 | 830 |
| 5.875% due 04/01/2030 •  | 9 | 9 |
| 6.000% due 01/15/2029 - 05/01/2035 | 8 | 8 |
| 6.286% due 03/01/2035 •  | 5 | 5 |
| 6.332% due 12/01/2035 •  | 6 | 6 |
| 6.386% due 04/01/2036 •  | 76 | 77 |
| 6.460% due 02/01/2035 •  | 27 | 28 |
| 6.475% due 04/01/2034 •  | 24 | 24 |
| 6.491% due 12/01/2032 •  | 2 | 2 |
| 6.495% due 02/01/2036 •  | 1 | 1 |
| 6.499% due 03/01/2032 •  | 11 | 11 |
| 6.500% due 04/01/2032 - 03/01/2036 •  | 35 | 35 |
| 6.560% due 01/01/2036 •  | 5 | 6 |
| 6.564% due 01/01/2034 •  | 48 | 50 |
| 6.580% due 12/01/2036 •  | 11 | 11 |
| 6.587% due 02/01/2037 •  | 2 | 2 |
| 6.615% due 11/01/2036 •  | 2 | 2 |
| 6.618% due 05/01/2035 •  | 34 | 35 |
| 6.686% due 03/01/2036 •  | 55 | 57 |
| 6.729% due 01/01/2037 •  | 2 | 2 |
| 6.745% due 02/01/2036 •  | 2 | 2 |
| 6.750% due 11/01/2033 •  | 24 | 25 |
| 6.760% due 11/01/2033 •  | 8 | 8 |
| 6.780% due 03/01/2036 •  | 99 | 101 |
| 6.781% due 07/01/2033 •  | 1 | 1 |
| 6.794% due 01/01/2030 •  | 25 | 25 |
| 6.803% due 01/01/2035 •  | 1 | 1 |
| 6.837% due 03/01/2035 •  | 9 | 9 |
| 6.871% due 12/01/2034 •  | 1 | 1 |
| 6.886% due 10/01/2034 - 07/01/2035 •  | 1 | 1 |
| 6.984% due 08/01/2035 •  | 1 | 1 |
| 7.000% due 07/15/2027 | 2 | 2 |
| 7.100% due 08/01/2033 •  | 1 | 1 |
| 7.226% due 01/01/2036 •  | 1 | 1 |
| 7.299% due 07/01/2035 •  | 5 | 5 |
| 7.325% due 07/01/2033 •  | 4 | 4 |
| 7.327% due 09/01/2034 •  | 84 | 87 |
| 7.355% due 09/01/2035 •  | 1 | 1 |
| 7.368% due 09/01/2035 •  | 33 | 34 |
| 7.375% due 09/01/2035 •  | 7 | 7 |
| 7.385% due 06/01/2035 •  | 2 | 2 |
| 7.415% due 08/01/2035 •  | 74 | 75 |
| 7.481% due 08/01/2035 •  | 7 | 7 |
| 7.500% due 09/01/2034 •  | 3 | 3 |
| 7.540% due 11/01/2034 •  | 100 | 102 |
| 7.590% due 09/01/2035 •  | 1 | 1 |
| 7.709% due 07/01/2037 •  | 42 | 42 |
| **Ginnie Mae**  |  |  |
| 3.500% due 05/20/2052 | 1020 | 931 |
| 4.625% due 09/20/2029 - 12/20/2045 •  | 297 | 302 |
| 4.750% due 10/20/2029 •  | 92 | 92 |
| 4.875% due 04/20/2033 •  | 13 | 13 |
| 5.046% due 05/20/2069 •  | 698 | 698 |
| 5.625% due 01/20/2027 - 01/20/2030 •  | 18 | 18 |
| **Ginnie Mae, TBA**  |  |  |
| 2.500% due 08/01/2055 | 600 | 510 |
| 3.000% due 08/01/2055 | 2900 | 2565 |
| 3.500% due 07/01/2055 | 4100 | 3728 |
| 4.000% due 07/01/2055 | 200 | 186 |
| 4.500% due 07/01/2055 | 13500 | 12925 |
| 5.000% due 08/01/2055 | 500 | 491 |
| 5.500% due 07/01/2055 | 300 | 300 |
| **Uniform Mortgage-Backed Security**  |  |  |
| 3.000% due 08/01/2028 - 05/01/2052 | 939 | 822 |
| 3.500% due 11/01/2044 - 02/01/2050 | 2060 | 1896 |
| 4.000% due 07/01/2042 - 02/01/2043 | 354 | 341 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 2.500% due 07/01/2040 - 08/01/2055 | 800 | 674 |
| 3.000% due 07/01/2040 - 07/01/2055 | 20100 | 18551 |
| 5.000% due 08/01/2055 | 6700 | 6563 |
| 5.500% due 08/01/2055 | 12200 | 12189 |
| 6.000% due 08/01/2055 | 27400 | 27819 |
| 6.500% due 08/01/2055 | 15900 | 16395 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 7.000% due 09/01/2055 | 600 | 629 |
| Total U.S. Government Agencies (Cost $116,567) |  | 117400 |
| **U.S. TREASURY OBLIGATIONS 4.9%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 3.125% due 02/15/2043 | 4730 | 3806 |
| 4.000% due 11/15/2042 | 3100 | 2829 |
| 4.000% due 11/15/2052 | 2300 | 2012 |
| Total U.S. Treasury Obligations (Cost $10,985) |  | 8647 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 33.2%**  |  |  |
| **Adjustable Rate Mortgage Trust**  |  |  |
| 4.745% due 03/25/2035 ~  | 9 | 9 |
| 5.107% due 11/25/2035 ~  | 70 | 49 |
| **AG Trust** <br>6.327% due 07/15/2041 •  | 428 | 429 |
| **Arbor Multifamily Mortgage Securities Trust** <br>2.756% due 05/15/2053 | 1200 | 1108 |
| **ATLX Trust** <br>3.850% due 04/25/2063 þ | 945 | 908 |
| **Banc of America Funding Trust** <br>5.490% due 05/25/2035 ~ | 3203 | 2990 |
| **Banc of America Mortgage Trust**  |  |  |
| 5.782% due 11/25/2033 ~  | 16 | 15 |
| 6.498% due 09/25/2033 ~  | 47 | 44 |
| 6.636% due 01/25/2034 ~  | 9 | 9 |
| 6.870% due 06/25/2034 ~  | 10 | 10 |
| 6.872% due 02/25/2034 ~  | 20 | 20 |
| 7.400% due 10/25/2035 ~  | 6 | 6 |
| **BCAP LLC Trust** <br>6.500% due 02/26/2036 ~ | 385 | 169 |
| **Bear Stearns Adjustable Rate Mortgage Trust**  |  |  |
| 4.198% due 07/25/2034 ~  | 9 | 9 |
| 4.772% due 02/25/2034 ~  | 105 | 99 |
| 5.117% due 01/25/2035 ~  | 16 | 15 |
| 5.125% due 01/25/2035 ~  | 14 | 12 |
| 5.375% due 02/25/2034 ~  | 22 | 20 |
| 5.939% due 01/25/2034 ~  | 37 | 36 |
| 6.575% due 04/25/2033 ~  | 11 | 11 |
| 6.884% due 01/25/2034 ~  | 129 | 129 |
| 7.036% due 10/25/2033 ~  | 2 | 2 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.607% due 11/25/2036 ~  | 219 | 113 |
| 4.754% due 02/25/2034 •  | 104 | 98 |
| 4.774% due 08/25/2036 •  | 3 | 3 |
| **CD Mortgage Trust** <br>3.431% due 08/15/2050 | 400 | 391 |
| **Chase Home Lending Mortgage Trust**  |  |  |
| 3.250% due 09/25/2064 ~  | 934 | 832 |
| 5.555% due 09/25/2055 •  | 613 | 614 |
| **Chase Mortgage Finance Trust**  |  |  |
| 4.780% due 12/25/2035 ~  | 22 | 19 |
| 4.943% due 12/25/2035 ~  | 16 | 16 |
| 6.550% due 02/25/2037 ~  | 90 | 89 |
| **Citigroup Commercial Mortgage Trust** <br>3.778% due 09/10/2058 | 785 | 782 |
| **Citigroup Mortgage Loan Trust**  |  |  |
| 5.234% due 08/25/2035 •  | 31 | 30 |
| 6.310% due 11/25/2035 •  | 22 | 22 |
| 6.490% due 05/25/2035 •  | 9 | 9 |
| 6.997% due 03/25/2034 ~  | 13 | 13 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>6.080% due 09/25/2035 •  | 21 | 22 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 3.662% due 08/25/2035 ~  | 769 | 734 |
| 4.834% due 06/25/2037 •  | 608 | 561 |
| 4.897% due 10/25/2035 ~  | 7 | 5 |
| **Countrywide Home Loan Mortgage Pass-Through Trust**  |  |  |
| 4.784% due 08/25/2035 •  | 60 | 11 |
| 5.138% due 11/25/2034 ~  | 559 | 535 |
| 5.500% due 11/25/2035  | 67 | 31 |
| 5.607% due 06/20/2035 ~  | 31 | 30 |
| 6.175% due 12/25/2033 ~  | 19 | 20 |
| 6.248% due 02/20/2036 •  | 16 | 14 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>6.015% due 11/25/2032 ~ | 4 | 4 |
| **Credit Suisse First Boston Mortgage-Backed Pass-Through Certificates**  |  |  |
| 5.407% due 01/25/2034 ~  | 83 | 80 |
| 6.230% due 07/25/2033 ~  | 191 | 186 |
| 6.887% due 10/25/2033 ~  | 7 | 7 |
| **Credit Suisse Mortgage Capital Mortgage-Backed Trust** <br>3.904% due 04/25/2062 ~ | 906 | 862 |
| **CSAIL Commercial Mortgage Trust** <br>3.329% due 06/15/2052 | 200 | 190 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Ellington** **Financial Mortgage Trust** <br>2.006% due 05/25/2065 ~ | 7 | 7 |
| **First Horizon Alternative Mortgage Securities Trust**  |  |  |
| 5.298% due 08/25/2034 ~  | 29 | 29 |
| 5.482% due 07/25/2035 ~  | 60 | 31 |
| **First Horizon Mortgage Pass-Through Trust**  |  |  |
| 4.704% due 02/25/2035 •  | 22 | 20 |
| 4.955% due 02/25/2035 •  | 46 | 44 |
| **GMACM Mortgage Loan Trust** <br>3.846% due 11/19/2035 ~ | 22 | 19 |
| **GS Mortgage Securities Corp. Trust** <br>3.104% due 05/10/2034 | 2100 | 1156 |
| **GS Mortgage-Backed Securities Corp. Trust** <br>1.750% due 12/25/2060 ~ | 2085 | 1959 |
| **GS Mortgage-Backed Securities Trust** <br>3.900% due 09/25/2061  | 2294 | 2232 |
| **GSR Mortgage Loan Trust**  |  |  |
| 3.970% due 08/25/2034 ~  | 11 | 10 |
| 4.299% due 05/25/2035 ~  | 33 | 24 |
| 4.784% due 01/25/2034 •  | 26 | 25 |
| 4.857% due 06/25/2034 ~  | 4 | 4 |
| 4.920% due 06/25/2034 ~  | 9 | 9 |
| 5.293% due 09/25/2035 ~  | 1449 | 1393 |
| 5.880% due 03/25/2033 •  | 1 | 1 |
| 6.000% due 03/25/2032  | 2 | 2 |
| 7.323% due 09/25/2034 ~  | 817 | 827 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.812% due 02/19/2046 •  | 329 | 307 |
| 4.872% due 05/19/2035 •  | 17 | 16 |
| **Impac CMB Trust** <br>5.074% due 08/25/2035 •  | 371 | 349 |
| **IndyMac Adjustable Rate Mortgage Trust** <br>6.636% due 01/25/2032 ~ | 7 | 7 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 4.814% due 09/25/2046 •  | 200 | 181 |
| 5.214% due 05/25/2034 •  | 13 | 12 |
| **JP Morgan Alternative Loan Trust** <br>5.500% due 11/25/2036 ~ | 19 | 8 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>5.776% due 12/15/2036 •  | 500 | 314 |
| **JP Morgan Mortgage Trust**  |  |  |
| 5.479% due 07/25/2035 ~  | 96 | 93 |
| 5.710% due 11/25/2035 ~  | 57 | 46 |
| 5.775% due 10/25/2035 ~  | 112 | 106 |
| 5.952% due 11/25/2033 ~  | 2 | 2 |
| 6.373% due 07/25/2035 ~  | 64 | 63 |
| 6.592% due 09/25/2034 ~  | 1 | 1 |
| 7.107% due 11/25/2033 ~  | 2 | 2 |
| **Legacy Mortgage Asset Trust** <br>5.750% due 07/25/2061  | 2317 | 2311 |
| **MASTR Adjustable Rate Mortgages Trust**  |  |  |
| 3.918% due 02/25/2034 ~  | 136 | 122 |
| 4.407% due 01/25/2034 ~  | 3 | 3 |
| 4.772% due 08/25/2034 ~  | 166 | 164 |
| 5.344% due 12/25/2033 ~  | 11 | 10 |
| 6.043% due 11/21/2034 ~  | 19 | 18 |
| 6.176% due 01/25/2036 ~  | 11 | 11 |
| 6.837% due 07/25/2034 ~  | 72 | 71 |
| 7.363% due 08/25/2034 ~  | 64 | 63 |
| 7.625% due 09/25/2033 ~  | 80 | 81 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 3.186% due 02/25/2034 ~  | 18 | 15 |
| 5.054% due 08/25/2028 •  | 102 | 96 |
| 5.094% due 06/25/2028 •  | 20 | 18 |
| 5.154% due 04/25/2035 ~  | 118 | 107 |
| 5.519% due 02/25/2035 ~  | 34 | 33 |
| 5.539% due 03/25/2028 •  | 16 | 14 |
| 6.639% due 09/25/2033 ~  | 4 | 4 |
| **MFA Trust**  |  |  |
| 1.014% due 01/26/2065 ~  | 349 | 329 |
| 1.324% due 01/26/2065 ~  | 125 | 118 |
| 1.632% due 01/26/2065 ~  | 125 | 118 |
| 2.479% due 03/25/2065 ~  | 117 | 113 |
| 4.250% due 02/25/2066 ~  | 903 | 866 |
| **Mill City Mortgage Loan Trust** <br>2.750% due 08/25/2059 ~ | 370 | 358 |
| **Morgan Stanley Capital Trust** <br>2.509% due 04/05/2042 ~ | 1800 | 1573 |
| **Morgan Stanley Mortgage Loan Trust** <br>4.754% due 01/25/2035 •  | 438 | 415 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 1741 | 1672 |
| 2.750% due 11/25/2059 ~  | 2266 | 2173 |
| 3.500% due 10/25/2059 ~  | 64 | 60 |
| **New York Mortgage Trust Loan Trust** <br>4.670% due 08/25/2061 þ | 2312 | 2297 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **NLT** **Trust** <br>3.200% due 10/25/2062 ~ | 841 | 768 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust** <br>4.413% due 10/25/2035 ~ | 11 | 10 |
| **OBX Trust** <br>1.072% due 02/25/2066 ~ | 2494 | 2147 |
| **Prime Mortgage Trust**  |  |  |
| 4.834% due 02/25/2034 •  | 8 | 7 |
| 6.000% due 02/25/2034  | 3 | 3 |
| **PRPM LLC**  |  |  |
| 4.000% due 06/25/2053 þ  | 1536 | 1509 |
| 4.000% due 07/25/2054 þ  | 778 | 763 |
| 4.000% due 08/25/2054 þ  | 800 | 784 |
| **RCKT Mortgage Trust** <br>5.846% due 08/25/2044 þ | 163 | 164 |
| **Residential Asset Mortgage Products Trust** <br>8.500% due 12/25/2031 | 326 | 151 |
| **Residential Funding Mortgage Securities, Inc. Trust**  |  |  |
| 6.097% due 02/25/2036 ~  | 53 | 50 |
| 6.500% due 03/25/2032  | 4 | 4 |
| **Sequoia Mortgage Trust**  |  |  |
| 5.053% due 07/20/2034 ~  | 9 | 8 |
| 5.192% due 04/20/2033 •  | 6 | 6 |
| 5.224% due 03/20/2035 •  | 38 | 36 |
| 5.232% due 10/20/2027 •  | 9 | 8 |
| **Starwood Mortgage Residential Trust**  |  |  |
| 1.027% due 11/25/2055 ~  | 122 | 115 |
| 1.439% due 11/25/2055 ~  | 61 | 58 |
| 1.486% due 04/25/2065 ~  | 103 | 99 |
| 1.593% due 11/25/2055 ~  | 61 | 58 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.674% due 03/25/2035 •  | 40 | 35 |
| 4.734% due 09/25/2034 •  | 64 | 59 |
| 5.288% due 09/25/2034 ~  | 14 | 14 |
| **Structured Asset Mortgage Investments Trust**  |  |  |
| 5.112% due 11/19/2033 •  | 9 | 9 |
| 5.112% due 05/19/2035 •  | 61 | 59 |
| 5.132% due 02/19/2035 •  | 968 | 916 |
| **Structured Asset Securities Corp. Mortgage Pass-Through Certificates**  |  |  |
| 3.455% due 09/25/2033 ~  | 14 | 13 |
| 5.717% due 11/25/2033 ~  | 6 | 6 |
| 6.554% due 06/25/2033 ~  | 111 | 109 |
| 6.698% due 03/25/2033 ~  | 64 | 63 |
| **Towd Point Mortgage Trust**  |  |  |
| 2.750% due 06/25/2057 ~  | 200 | 195 |
| 3.750% due 03/25/2058 ~  | 895 | 872 |
| 4.518% due 10/25/2064 ~  | 1537 | 1536 |
| 5.434% due 05/25/2058 •  | 2892 | 2962 |
| 5.434% due 10/25/2059 •  | 101 | 102 |
| **Verus Securitization Trust** <br>5.799% due 07/25/2069 | 812 | 817 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.974% due 12/25/2045 •  | 949 | 871 |
| 4.983% due 10/25/2035 ~  | 289 | 264 |
| 5.014% due 10/25/2045 •  | 840 | 844 |
| 5.014% due 12/25/2045 •  | 638 | 639 |
| 5.141% due 09/25/2035 ~  | 126 | 117 |
| 5.234% due 01/25/2045 •  | 373 | 368 |
| 5.399% due 08/25/2046 •  | 19 | 17 |
| 5.447% due 08/25/2046 •  | 996 | 856 |
| 5.599% due 11/25/2042 •  | 38 | 36 |
| 5.799% due 08/25/2042 •  | 4 | 3 |
| 5.899% due 09/25/2046 •  | 2404 | 2333 |
| 6.172% due 08/25/2033 ~  | 154 | 149 |
| 6.497% due 10/25/2033 ~  | 53 | 52 |
| **Washington Mutual MSC Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.699% due 06/25/2033 ~  | 6 | 5 |
| 6.725% due 02/25/2033 ~  | 1 | 1 |
| 6.768% due 11/25/2030 ~  | 13 | 13 |
| 7.000% due 03/25/2034  | 11 | 11 |
| **Wells Fargo Commercial Mortgage Trust**  |  |  |
| 2.725% due 02/15/2053  | 600 | 552 |
| 3.809% due 12/15/2048  | 300 | 298 |
| 4.023% due 03/15/2052  | 300 | 294 |
| **Wells Fargo Mortgage-Backed Securities Trust** <br>7.020% due 08/25/2035 ~ | 3 | 3 |
| **Worldwide Plaza Trust** <br>3.526% due 11/10/2036 | 1000 | 711 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **WSTN** **Trust** <br>6.518% due 07/05/2037 ~ | 500 | 508 |
| Total Non-Agency Mortgage-Backed Securities (Cost $61,242) |  | 58414 |
| **ASSET-BACKED SECURITIES 41.9%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.1%**  |  |  |
| **Carmax Select Receivables Trust** <br>5.034% due 09/15/2027 •  | 52 | 52 |
| **Exeter Automobile Receivables Trust** <br>6.310% due 10/15/2027 | 135 | 135 |
|  |  | 187 |
| **AUTOMOBILE SEQUENTIAL 10.7%**  |  |  |
| **Bridgecrest Lending Auto Securitization Trust**  |  |  |
| 4.720% due 09/15/2028  | 800 | 801 |
| 4.840% due 09/15/2027  | 477 | 477 |
| 4.840% due 01/18/2028  | 850 | 850 |
| **Carmax Select Receivables Trust**  |  |  |
| 5.400% due 11/15/2028  | 100 | 101 |
| 5.780% due 09/15/2027  | 52 | 52 |
| **CPS Auto Receivables Trust** <br>5.880% due 02/15/2028 | 39 | 39 |
| **Drive Auto Receivables Trust** <br>4.870% due 08/15/2028 | 1500 | 1502 |
| **First Help Financial Issuer Trust** <br>4.940% due 11/15/2030 | 708 | 710 |
| **Flagship Credit Auto Trust** <br>4.880% due 11/15/2028 | 334 | 334 |
| **GLS Auto Select Receivables Trust** <br>5.590% due 10/15/2029 | 380 | 385 |
| **Honda Auto Receivables Owner Trust**  |  |  |
| 4.330% due 05/15/2029  | 800 | 802 |
| 4.560% due 03/15/2027  | 667 | 667 |
| **LAD Auto Receivables Trust** <br>4.600% due 12/15/2027 | 800 | 800 |
| **M&T Bank Auto Receivables Trust** <br>4.630% due 05/15/2028 | 800 | 801 |
| **Mercedes-Benz Auto Lease Trust** <br>4.570% due 04/17/2028 | 1600 | 1608 |
| **Nissan Auto Receivables Owner Trust**  |  |  |
| 4.340% due 03/15/2029  | 800 | 802 |
| 4.500% due 02/15/2028  | 1500 | 1504 |
| 4.510% due 06/15/2027  | 714 | 714 |
| **Octane Receivables Trust** <br>4.940% due 05/20/2030 | 761 | 764 |
| **Porsche Innovative Lease Owner Trust** <br>4.600% due 12/20/2027 | 700 | 702 |
| **Santander Drive Auto Receivables Trust**  |  |  |
| 4.620% due 11/15/2028  | 800 | 801 |
| 4.880% due 09/15/2027  | 383 | 383 |
| **SCCU Auto Receivables Trust** <br>5.110% due 06/15/2029 | 1000 | 1006 |
| **SFS Auto Receivables Securitization Trust**  |  |  |
| 4.520% due 11/20/2028  | 850 | 851 |
| 4.550% due 06/20/2030  | 800 | 804 |
| **Tesla Auto Lease Trust** <br>4.790% due 01/20/2027 | 505 | 505 |
|  |  | 18765 |
| **CMBS OTHER 1.3%**  |  |  |
| **BDS LLC** <br>5.599% due 10/21/2042 •  | 850 | 847 |
| **BXMT Ltd.** <br>6.328% due 11/15/2037 •  | 344 | 343 |
| **HERA Commercial Mortgage Ltd.** <br>5.479% due 02/18/2038 •  | 77 | 77 |
| **TPG Real Estate Finance Issuer Ltd.** <br>5.628% due 03/15/2038 •  | 1096 | 1095 |
|  |  | 2362 |
| **HOME EQUITY OTHER 4.9%**  |  |  |
| **Accredited Mortgage Loan Trust** <br>5.114% due 01/25/2035 •  | 304 | 305 |
| **Bear Stearns Asset-Backed Securities Trust** <br>5.434% due 11/25/2042 •  | 57 | 56 |
| **Countrywide Asset-Backed Certificates** <br>4.854% due 08/25/2034 •  | 1080 | 1063 |
| **Countrywide Asset-Backed Certificates Trust** <br>4.974% due 12/25/2034 •  | 2869 | 2805 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Credit** **-Based Asset Servicing & Securitization LLC** <br>6.780% due 05/25/2035  | 279 | 259 |
| **EquiFirst Mortgage Loan Trust** <br>5.551% due 09/25/2033 •  | 23 | 23 |
| **Home Equity Asset Trust** <br>5.034% due 11/25/2032 •  | 8 | 7 |
| **HSI Asset Securitization Corp. Trust** <br>4.534% due 10/25/2036 •  | 5 | 2 |
| **Long Beach Mortgage Loan Trust**  |  |  |
| 4.994% due 10/25/2034 •  | 651 | 642 |
| 5.134% due 03/25/2032 •  | 16 | 16 |
| 5.289% due 07/25/2034 •  | 163 | 162 |
| **Morgan Stanley Dean Witter Capital, Inc. Trust** <br>5.784% due 02/25/2033 •  | 35 | 37 |
| **Nationstar NIM Ltd.** <br>8.000% due 06/25/2037 | 24 | 0 |
| **NovaStar Mortgage Funding Trust** <br>5.174% due 02/25/2034 •  | 1363 | 1363 |
| **Renaissance Home Equity Loan Trust**  |  |  |
| 5.134% due 08/25/2032 •  | 10 | 9 |
| 5.534% due 09/25/2037 •  | 3144 | 1275 |
| **Soundview Home Loan Trust** <br>5.734% due 11/25/2033 •  | 5 | 5 |
| **Terwin Mortgage Trust** <br>5.559% due 04/25/2036 •  | 518 | 519 |
|  |  | 8548 |
| **HOME EQUITY SEQUENTIAL 0.1%**  |  |  |
| **Home Equity Mortgage Loan Asset-Backed Trust** <br>6.372% due 05/25/2033 ~ | 190 | 189 |
| **WHOLE LOAN COLLATERAL 1.3%**  |  |  |
| **Bear Stearns Asset-Backed Securities Trust** <br>5.550% due 10/25/2036 ~ | 446 | 224 |
| **PRET LLC** <br>4.843% due 09/25/2051 þ | 2100 | 2094 |
|  |  | 2318 |
| **OTHER ABS 23.5%**  |  |  |
| **Affirm Master Trust** <br>4.990% due 02/15/2033 | 800 | 807 |
| **Anchorage Credit Funding Ltd.**  |  |  |
| 2.723% due 04/27/2039  | 1000 | 952 |
| 3.619% due 04/25/2038  | 900 | 886 |
| 3.793% due 10/25/2037  | 819 | 803 |
| 3.900% due 07/28/2037  | 964 | 946 |
| 3.928% due 04/25/2038  | 900 | 884 |
| **Apidos CLO** <br>5.541% due 04/20/2031 •  | 408 | 408 |
| **Ares CLO Ltd.** <br>5.433% due 10/28/2034 •  | 800 | 801 |
| **Atlas Senior Loan Fund Ltd.** <br>5.329% due 10/20/2034 •  | 1000 | 1000 |
| **Bain Capital Credit CLO Ltd.** <br>5.269% due 04/23/2035 •  | 850 | 847 |
| **Bryant Park Funding Ltd.** <br>5.876% due 04/15/2037 •  | 1000 | 1003 |
| **Centerbridge Credit Funding Ltd.** <br>3.164% due 07/25/2039 | 1000 | 962 |
| **College Avenue Student Loans LLC**  |  |  |
| 1.600% due 07/25/2051  | 532 | 485 |
| 3.280% due 12/28/2048  | 844 | 809 |
| 4.130% due 12/26/2047  | 431 | 422 |
| 5.539% due 07/25/2051 •  | 304 | 302 |
| 5.634% due 12/26/2047 •  | 313 | 313 |
| **Commonbond Student Loan Trust** <br>1.980% due 08/25/2050 | 376 | 336 |
| **GreenSky Home Improvement Issuer Trust** <br>5.250% due 10/27/2059 | 344 | 345 |
| **GreenSky Home Improvement Trust** <br>5.880% due 06/25/2059 | 148 | 148 |
| **Guggenheim CLO Ltd.** <br>5.406% due 01/15/2035 •  | 850 | 848 |
| **KKR CLO Ltd.** <br>5.471% due 07/18/2030 •  | 140 | 140 |
| **LCM Loan Income Fund Ltd.** <br>5.561% due 04/20/2031 •  | 192 | 192 |
| **LCM Ltd.**  |  |  |
| 5.326% due 01/15/2034 •  | 1000 | 997 |
| 5.549% due 07/20/2034 •  | 1000 | 1001 |
| **Lendmark Funding Trust** <br>5.530% due 06/21/2032 | 1000 | 1018 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Madison** **Park Funding Ltd.**  |  |  |
| 5.256% due 10/15/2034 •  | 1700 | 1702 |
| 5.319% due 10/19/2034 •  | 450 | 449 |
| 5.521% due 04/20/2032 •  | 1542 | 1545 |
| **Navient Private Education Loan Trust** <br>5.326% due 11/15/2068 •  | 77 | 77 |
| **Navient Private Education Refi Loan Trust**  |  |  |
| 1.170% due 09/16/2069  | 423 | 394 |
| 3.010% due 12/15/2059  | 713 | 692 |
| 3.130% due 02/15/2068  | 132 | 130 |
| **Navient Student Loan Trust** <br>4.000% due 12/15/2059 | 332 | 331 |
| **Nelnet Student Loan Trust** <br>1.420% due 04/20/2062 | 1221 | 1143 |
| **Pagaya AI Debt Grantor Trust** <br>5.183% due 06/15/2032 | 367 | 369 |
| **Pagaya AI Debt Selection Trust** <br>6.117% due 12/15/2031 | 207 | 208 |
| **Pagaya AI Debt Trust**  |  |  |
| 5.373% due 01/17/2033  | 800 | 802 |
| 9.524% due 12/16/2030 ~  | 117 | 118 |
| **Parallel Ltd.** <br>5.366% due 07/15/2034 •  | 800 | 799 |
| **Reach ABS Trust** <br>6.300% due 02/18/2031 | 177 | 177 |
| **SLM Private Credit Student Loan Trust**  |  |  |
| 4.850% due 12/15/2039 •  | 135 | 131 |
| 4.870% due 06/15/2039 •  | 1895 | 1845 |
| 4.910% due 06/15/2039 •  | 758 | 740 |
| **SMB Private Education Loan Trust**  |  |  |
| 1.290% due 07/15/2053  | 713 | 672 |
| 1.600% due 09/15/2054  | 507 | 477 |
| 2.230% due 09/15/2037  | 201 | 194 |
| 2.840% due 06/15/2037  | 177 | 172 |
| 2.880% due 09/15/2034  | 7 | 7 |
| 3.940% due 02/16/2055  | 746 | 727 |
| 5.754% due 02/16/2055 •  | 853 | 859 |
| **SoFi Consumer Loan Program Trust**  |  |  |
| 4.800% due 02/27/2034  | 666 | 668 |
| 4.820% due 06/25/2034  | 400 | 401 |
| **SoFi Professional Loan Program LLC** <br>2.650% due 09/25/2040 | 175 | 172 |
| **TCW CLO AMR Ltd.** <br>5.624% due 08/16/2034 •  | 200 | 200 |
| **TCW CLO Ltd.** <br>5.861% due 01/16/2037 •  | 4000 | 4007 |
| **Tesla Sustainable Energy Trust** <br>5.080% due 06/21/2050 | 773 | 777 |
| **Upstart Pass-Through Trust** <br>7.900% due 10/20/2028 | 85 | 87 |
| **Venture CLO Ltd.** <br>5.409% due 10/20/2034 •  | 1000 | 999 |
| **Verdelite Static CLO Ltd.** <br>5.399% due 07/20/2032 •  | 841 | 840 |
| **Wind River CLO Ltd.** <br>5.316% due 10/15/2034 •  | 845 | 843 |
|  |  | 41409 |
| Total Asset-Backed Securities (Cost $75,930) |  | 73778 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.3%**  |  |  |
| **MUTUAL FUNDS 0.3%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 4.380% (b) | 493860 | 494 |
| Total Short-Term Instruments (Cost $494) |  | 494 |
| Total Investments in Securities (Cost $266,250) |  | 258734 |
| **INVESTMENTS IN AFFILIATES 8.2%**  |  |  |
| **SHORT-TERM INSTRUMENTS 8.2%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 8.2%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 1478673 | 14398 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | |
|:---|:---|
| Total Short-Term Instruments (Cost $14,395) | 14398 |
| Total Investments in Affiliates (Cost $14,395) | 14398 |
| Total Investments 155.1% (Cost $280,645) | $273132 |
| **Financial Derivative Instruments (c)(d) (0.1)**%(Cost or Premiums, net $8,806) | (171) |
| Other Assets and Liabilities, net (55.0)% | (96857) |
| Net Assets 100.0% | $176104 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) June 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:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(b)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Description | Coupon | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (4.4)% | U.S. Government Agencies (4.4)% | U.S. Government Agencies (4.4)% | U.S. Government Agencies (4.4)% | U.S. Government Agencies (4.4)% | U.S. Government Agencies (4.4)% | U.S. Government Agencies (4.4)% | U.S. Government Agencies (4.4)% | U.S. Government Agencies (4.4)% | U.S. Government Agencies (4.4)% | U.S. Government Agencies (4.4)% | U.S. Government Agencies (4.4)% | U.S. Government Agencies (4.4)% | U.S. Government Agencies (4.4)% | U.S. Government Agencies (4.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000% | 08/01/2055 | 08/01/2055 | $ | 6700 | $ | (5270) | (5307) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 3.500 | 08/01/2055 | 08/01/2055 |  | 2150 |  | (1923) | (1935) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.000 | 08/01/2055 | 08/01/2055 |  | 400 |  | (368) | (372) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.500 | 08/01/2055 | 08/01/2055 |  | 100 |  | (96) | (96) |
| **Total Short Sales (4.4)%** | **Total Short Sales (4.4)%** | **Total Short Sales (4.4)%** | **Total Short Sales (4.4)%** | **Total Short Sales (4.4)%** | **Total Short Sales (4.4)%** | **Total Short Sales (4.4)%** |  |  |  |  |  | **$** | **(7657)** | **(7710)** |
| **(c)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **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> |
| Description | Description | Description |  | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2026 | 6 | (1445) | (1445) | (1445) | $0 | 0 | 0 | 0 | 0 | 0 |
| 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 09/2025 | 6 | (1435) | (1435) | (1435) | 6 | 6 | 6 | 0 | 0 | 0 |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2026 | 6 | (1449) | (1449) | (1449) | (3) | (3) | (3) | 0 | 0 | 0 |
| 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 12/2025 | 4 | (960) | (960) | (960) | 2 | 2 | 2 | 0 | 0 | 0 |
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 09/2025 | 268 | (29212) | (29212) | (29212) | (255) | (255) | (255) | 0 | 0 | (36) |
| U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | 09/2025 | 105 | (11773) | (11773) | (11773) | (123) | (123) | (123) | 0 | 0 | (33) |
| U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | 09/2025 | 213 | (24339) | (24339) | (24339) | (394) | (394) | (394) | 0 | 0 | (103) |
| U.S. Treasury Long-Term Bond September Futures  | U.S. Treasury Long-Term Bond September Futures  | U.S. Treasury Long-Term Bond September Futures  | U.S. Treasury Long-Term Bond September Futures  | 09/2025 | 31 | (3580) | (3580) | (3580) | (157) | (157) | (157) | 0 | 0 | (31) |
| U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | 09/2025 | 72 | (8577) | (8577) | (8577) | (232) | (232) | (232) | 0 | 0 | (97) |
| **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** | **(1156)** | **(1156)** | **$** | **0** | **$** | **(300)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Liability |
| Pay | 3.250% | Annual | 06/18/2030 | 06/18/2030 | $9910 | $(158) | (158) | $ | 77 | 77 | (81) | (81) | 16 | $0 |
| Receive | 2.300 | Annual | 01/17/2026 | 01/17/2026 | 1000 | 17 | 17 |  | 3 | 3 | 20 | 20 | 0 | 0 |
| Receive | 0.928 | Semi-Annual | 05/06/2026 | 05/06/2026 | 900 | 40 | 40 |  | (10) | (10) | 30 | 30 | 0 | 0 |
| Receive | 3.000 | Semi-Annual | 06/19/2026 | 06/19/2026 | 25300 | 153 | 153 |  | 140 | 140 | 293 | 293 | 0 | (2) |
| Receive | 1.250 | Semi-Annual | 12/15/2026 | 12/15/2026 | 200 | 10 | 10 |  | (2) | (2) | 8 | 8 | 0 | 0 |
| Receive | 3.750 | Annual | 12/18/2026 | 12/18/2026 | 11400 | 26 | 26 |  | (3) | (3) | 23 | 23 | 0 | (3) |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Semi-Annual | 12/21/2026 | 10600 | 435 | (101) | 334 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.500 | Semi-Annual | 06/16/2028 | 38245 | 4058 | (596) | 3462 | 0 | (23) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/21/2028 | 4200 | (4) | (15) | (19) | 3 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.265 | Semi-Annual | 09/28/2028 | 600 | (51) | 2 | (49) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.500 | Semi-Annual | 12/15/2028 | 2948 | (236) | 25 | (211) | 2 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/20/2028 | 11900 | 227 | (129) | 98 | 12 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.379 | Semi-Annual | 12/22/2028 | 600 | 51 | (6) | 45 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.518 | Semi-Annual | 01/20/2029 | 200 | (16) | 1 | (15) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.630 | Semi-Annual | 01/26/2029 | 400 | (31) | 3 | (28) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.618 | Annual | 02/09/2029 | 7100 | (473) | (29) | (502) | 7 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.888 | Annual | 03/22/2029 | 600 | (34) | (2) | (36) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.185 | Annual | 04/21/2029 | 500 | (23) | (1) | (24) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.000 | Annual | 06/15/2029 | 920 | (90) | 8 | (82) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2029 | 580 | (38) | 2 | (36) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.050 | Annual | 09/08/2029 | 400 | (4) | (6) | (10) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.100 | Annual | 09/09/2029 | 400 | (3) | (6) | (9) | 1 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.567 | Annual | 11/30/2029 | 17700 | 0 | 149 | 149 | 26 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.572 | Annual | 11/30/2029 | 10700 | 0 | 92 | 92 | 16 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Semi-Annual | 12/10/2029 | 1900 | 139 | (5) | 134 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.500 | Semi-Annual | 12/18/2029 | 1400 | 136 | (8) | 128 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Semi-Annual | 01/15/2030 | 6300 | 544 | (22) | 522 | 0 | (8) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Semi-Annual | 02/12/2030 | 3800 | 287 | (19) | 268 | 0 | (5) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | 02/22/2030 | 300 | 3 | (3) | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.340 | Annual | 02/23/2030 | 200 | 1 | (2) | (1) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.525 | Annual | 03/02/2030 | 100 | 1 | (1) | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Semi-Annual | 03/10/2030 | 1800 | 137 | (12) | 125 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 03/19/2030 | 1510 | 57 | (24) | 33 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.250 | Semi-Annual | 06/17/2030 | 24580 | 2915 | (146) | 2769 | 0 | (35) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.545 | Annual | 10/31/2030 | 1300 | (20) | 21 | 1 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.547 | Annual | 10/31/2030 | 3100 | (49) | 52 | 3 | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.550 | Annual | 10/31/2030 | 2600 | (41) | 43 | 2 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.572 | Annual | 10/31/2030 | 2600 | (44) | 43 | (1) | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.582 | Annual | 10/31/2030 | 4700 | (83) | 79 | (4) | 0 | (9) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | 10/31/2030 | 3300 | (61) | 55 | (6) | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.601 | Annual | 10/31/2030 | 5900 | (110) | 98 | (12) | 0 | (11) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.602 | Annual | 10/31/2030 | 5900 | (111) | 99 | (12) | 0 | (11) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.606 | Annual | 10/31/2030 | 2600 | (49) | 43 | (6) | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.623 | Annual | 10/31/2030 | 2600 | (52) | 44 | (8) | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.664 | Annual | 10/31/2030 | 1700 | (38) | 29 | (9) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.677 | Annual | 10/31/2030 | 1400 | (32) | 23 | (9) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.687 | Annual | 10/31/2030 | 2200 | (52) | 37 | (15) | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.689 | Annual | 10/31/2030 | 3700 | (87) | 61 | (26) | 0 | (7) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | 10/31/2030 | 2800 | (66) | 46 | (20) | 0 | (5) |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.721 | Annual | 10/31/2030 | 1700 | (43) | 28 | (15) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.722 | Annual | 10/31/2030 | 1700 | (43) | 28 | (15) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.727 | Annual | 10/31/2030 | 1700 | (44) | 29 | (15) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.732 | Annual | 10/31/2030 | 1100 | (28) | 18 | (10) | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 10/31/2030 | 1700 | (44) | 28 | (16) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.739 | Annual | 10/31/2030 | 1700 | (45) | 29 | (16) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.749 | Annual | 10/31/2030 | 1700 | (46) | 29 | (17) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Semi-Annual | 12/16/2030 | 706 | 100 | (4) | 96 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 0.750 | Semi-Annual | 06/16/2031 | 500 | (84) | 3 | (81) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2031 | 4900 | (141) | 70 | (71) | 0 | (10) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2031 | 31700 | 913 | (442) | 471 | 68 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.405 | Semi-Annual | 09/07/2031 | 800 | 106 | (3) | 103 | 0 | (2) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.500 | Semi-Annual | 10/05/2031 | 500 | (64) | (3) | (67) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.535 | Semi-Annual | 10/15/2031 | 500 | (63) | (3) | (66) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.535 | Semi-Annual | 10/22/2031 | 300 | (38) | (2) | (40) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.545 | Semi-Annual | 10/26/2031 | 300 | (38) | (1) | (39) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.735 | Semi-Annual | 01/12/2032 | 300 | (35) | (1) | (36) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.655 | Semi-Annual | 01/24/2032 | 400 | (49) | (2) | (51) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.768 | Semi-Annual | 02/02/2032 | 300 | (35) | (1) | (36) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.650 | Annual | 02/08/2032 | 400 | (43) | (5) | (48) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.988 | Semi-Annual | 02/09/2032 | 200 | 21 | 0 | 21 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.008 | Semi-Annual | 02/09/2032 | 300 | 30 | 1 | 31 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.770 | Annual | 02/14/2032 | 400 | (40) | (5) | (45) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.730 | Annual | 02/24/2032 | 400 | (41) | (5) | (46) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.765 | Annual | 03/16/2032 | 100 | (10) | (1) | (11) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2032 | 1780 | 66 | (32) | 34 | 0 | (4) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.817 | Annual | 04/05/2032 | 1600 | (156) | (17) | (173) | 3 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.872 | Annual | 04/06/2032 | 800 | (75) | (9) | (84) | 2 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.694 | Annual | 04/30/2032 | 6300 | 0 | 76 | 76 | 16 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.674 | Annual | 05/31/2032 | 5700 | 0 | 61 | 61 | 15 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.678 | Annual | 05/31/2032 | 4700 | 0 | 52 | 52 | 12 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.680 | Annual | 05/31/2032 | 7800 | 0 | 86 | 86 | 20 | 0 |
| Pay<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.705 | Annual | 05/31/2032 | 7000 | 0 | 88 | 88 | 18 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.250 | Annual | 06/15/2032 | 3430 | (475) | (12) | (487) | 8 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2032 | 2640 | (276) | (16) | (292) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2032 | 260 | 3 | 1 | 4 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.680 | Annual | 07/11/2032 | 400 | (17) | (12) | (29) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.690 | Annual | 07/11/2032 | 400 | (16) | (13) | (29) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.050 | Annual | 09/06/2032 | 600 | (10) | (16) | (26) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.400 | Annual | 02/23/2033 | 200 | 2 | (5) | (3) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.430 | Annual | 02/27/2033 | 10 | 0 | 0 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.370 | Annual | 03/01/2033 | 200 | 1 | (4) | (3) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.450 | Annual | 03/07/2033 | 300 | 3 | (6) | (3) | 1 | 0 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2033 | 06/21/2033 | 305 | 305 |  |  | (7) |  | (5) | (5) |  | (12) | (12) |  | 1 | 1 |  |  |  | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2033 | 12/20/2033 | 1860 | 1860 |  |  | 27 |  | (51) | (51) |  | (24) | (24) |  | 6 | 6 |  |  |  | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 06/20/2034 | 2430 | 2430 |  |  | 86 |  | (65) | (65) |  | 21 | 21 |  | 8 | 8 |  |  |  | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 12/18/2034 | 110 | 110 |  |  | 4 |  | (4) | (4) |  | 0 | 0 |  | 0 | 0 |  |  |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 | 06/18/2035 | 22100 | 22100 |  |  | 1106 |  | (295) | (295) |  | 811 | 811 |  | 0 | 0 |  |  |  | (85) |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.524 | Semi-Annual | 01/19/2051 | 01/19/2051 | 3100 | 3100 |  |  | (1133) |  | (232) | (232) |  | (1365) | (1365) |  | 14 | 14 |  |  |  | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.815 | Semi-Annual | 01/24/2052 | 01/24/2052 | 100 | 100 |  |  | (32) |  | (8) | (8) |  | (40) | (40) |  | 1 | 1 |  |  |  | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.867 | Semi-Annual | 01/26/2052 | 01/26/2052 | 100 | 100 |  |  | (31) |  | (8) | (8) |  | (39) | (39) |  | 1 | 1 |  |  |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2052 | 06/15/2052 | 13600 | 13600 |  |  | 3898 |  | 1079 | 1079 |  | 4977 | 4977 |  | 0 | 0 |  |  |  | (76) |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.080 | Annual | 02/23/2053 | 02/23/2053 | 100 | 100 |  |  | (5) |  | (10) | (10) |  | (15) | (15) |  | 1 | 1 |  |  |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 12/20/2053 | 12/20/2053 | 400 | 400 |  |  | 6 |  | 43 | 43 |  | 49 | 49 |  | 0 | 0 |  |  |  | (3) |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2055 | 06/18/2055 | 10200 | 10200 |  |  | (1390) |  | 198 | 198 |  | (1192) | (1192) |  | 77 | 77 |  |  |  | 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** | **$** | **$** | $**8956** | **8956** | $**776** | **776** | **776** | $**9732** | **9732** | **9732** | $**382** | **382** | **382** | **$** | **$** | $**(377)** | **(377)** |
| **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Cash of $4,302 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 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. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(d)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | 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) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value | Market<br>Value | Market<br>Value |
| SAL | SAL | SAL | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | $ | 92.469 | 92.469 | 07/07/2025 | 07/07/2025 |  |  | 100 | 100 | 100 | (1) | (1) | (1) | (1) | $0 | 0 | 0 | 0 |
|  |  |  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2055  |  | 96.469 | 96.469 | 07/07/2025 | 07/07/2025 |  |  | 100 | 100 | 100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **(1)** | **(1)** | **(1)** | **(1)** | $**0** | **0** | **0** | **0** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | Counterparty | Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset |  |  | Liability |
| BOA | BOA | BOA | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500% | 0.500% | Monthly | 05/11/2063 | 05/11/2063 | 05/11/2063 | 16 | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $ | $ | 0 |
| GST | GST | GST | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | Monthly | 11/17/2059 | 11/17/2059 | 11/17/2059 | 10950 | 10950 | (111) | (111) | (111) | 158 | 158 | 158 | 47 | 47 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500 | 0.500 | Monthly | 05/11/2063 | 05/11/2063 | 05/11/2063 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | 0.500 | 0.500 | Monthly | 10/17/2057 | 10/17/2057 | 10/17/2057 | 57 | 57 | (3) | (3) | (3) | 3 | 3 | 3 | 0 | 0 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | 0.500 | 0.500 | Monthly | 09/17/2058 | 09/17/2058 | 09/17/2058 | 71 | 71 | (3) | (3) | (3) | 3 | 3 | 3 | 0 | 0 |  |  | 0 |
| MYC | MYC | MYC | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500 | 0.500 | Monthly | 05/11/2063 | 05/11/2063 | 05/11/2063 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  |  | 0 |
| SAL | SAL | SAL | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | Monthly | 11/17/2059 | 11/17/2059 | 11/17/2059 | 3100 | 3100 | (24) | (24) | (24) | 37 | 37 | 37 | 13 | 13 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.11 Index  | CMBX.NA.AAA.11 Index  | CMBX.NA.AAA.11 Index  | CMBX.NA.AAA.11 Index  | 0.500 | 0.500 | Monthly | 11/18/2054 | 11/18/2054 | 11/18/2054 | 2400 | 2400 | 11 | 11 | 11 | 4 | 4 | 4 | 15 | 15 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | 0.500 | 0.500 | Monthly | 08/17/2061 | 08/17/2061 | 08/17/2061 | 9200 | 9200 | (19) | (19) | (19) | 68 | 68 | 68 | 49 | 49 |  |  | 0 |
|  |  |  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | CMBX.NA.AAA.6 Index  | 0.500 | 0.500 | Monthly | 05/11/2063 | 05/11/2063 | 05/11/2063 | 6 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  |  | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**(149)** | **(149)** | **(149)** | $**273** | **273** | **273** | $**124** | **124** | **124** | **$** | $**0** |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |

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<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| **The** **following is a summary of the fair valuations according to the inputs used as of June 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 June 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 June 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 June 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 June 30, 2025 in valuing the Portfolio's assets and liabilities**: |
| Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 06/30/2025 |
| **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** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | $0 | $1 | $0 | $1 |
| U.S. Government Agencies | 0 | 117400 | 0 | 117400 |
| U.S. Treasury Obligations | 0 | 8647 | 0 | 8647 |
| Non-Agency Mortgage-Backed Securities | 0 | 58414 | 0 | 58414 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile ABS Other | 0 | 187 | 0 | 187 |
| Automobile Sequential | 0 | 18765 | 0 | 18765 |
| CMBS Other | 0 | 2362 | 0 | 2362 |
| Home Equity Other | 0 | 8548 | 0 | 8548 |
| Home Equity Sequential | 0 | 189 | 0 | 189 |
| Whole Loan Collateral | 0 | 2318 | 0 | 2318 |
| Other ABS | 0 | 41409 | 0 | 41409 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | 0 | 494 | 0 | 494 |
|  | $0 | $258734 | $0 | $258734 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $14398 | $0 | $0 | $14398 |
| Total Investments | $14398 | $258734 | $0 | $273132 |
| **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 | $(7710) | $0 | $(7710) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | 0 | 382 | 0 | 382 |
| Over the counter | 0 | 124 | 0 | 124 |
|  | $0 | $506 | $0 | $506 |
| **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 | $(677) | $0 | $(677) |
| Total Financial Derivative Instruments | $0 | $(171) | $0 | $(171) |
| Totals | $14398 | $250853 | $0 | $265251 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

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<br> Schedule of Investments PIMCO U.S. Government and Short-Term Investments Portfolio June 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 104.4% ¤** |  |  |
| **U.S. GOVERNMENT AGENCIES 0.5%**  |  |  |
| **Fannie Mae**  |  |  |
| 4.496% due 12/25/2036 •  | $80 | $79 |
| 4.556% due 03/25/2034 •  | 23 | 23 |
| 4.654% due 07/25/2032 •  | 41 | 41 |
| 4.676% due 06/25/2033 •  | 52 | 50 |
| 4.770% due 05/25/2042 •  | 58 | 58 |
| 4.881% due 03/25/2036 •  | 39 | 39 |
| 4.923% due 03/25/2032 •  | 114 | 109 |
| 5.320% due 04/25/2032 •  | 6 | 6 |
| 5.395% due 12/01/2029 •  | 3 | 3 |
| 5.696% due 06/01/2043 •  | 141 | 143 |
| 5.697% due 02/01/2041 - 10/01/2044 •  | 608 | 615 |
| 6.118% due 03/01/2035 •  | 101 | 102 |
| 6.140% due 11/01/2035 •  | 45 | 46 |
| 6.213% due 11/01/2035 •  | 47 | 48 |
| 6.345% due 10/01/2032 •  | 2 | 2 |
| 6.381% due 12/01/2032 •  | 1 | 2 |
| 6.842% due 01/01/2036 •  | 37 | 38 |
| **Freddie Mac**  |  |  |
| 0.000% due 01/15/2032 | 563 | 428 |
| 4.500% due 06/15/2035 - 09/15/2035 | 302 | 302 |
| 4.556% due 07/25/2031 •  | 162 | 160 |
| 4.918% due 06/15/2030 - 12/15/2032 •  | 14 | 14 |
| 4.968% due 06/15/2031 •  | 5 | 5 |
| 5.000% due 01/15/2034 | 861 | 879 |
| 5.500% due 11/01/2038 - 10/01/2039 | 32 | 33 |
| 5.599% due 10/25/2044 - 02/25/2045 •  | 708 | 658 |
| 5.799% due 07/25/2044 •  | 315 | 305 |
| 6.208% due 05/01/2032 •  | 3 | 3 |
| 6.483% due 07/01/2029 •  | 1 | 1 |
| 6.500% due 10/25/2043 | 263 | 271 |
| 6.676% due 02/01/2035 •  | 117 | 120 |
| 6.826% due 06/01/2035 •  | 317 | 328 |
| 6.827% due 01/01/2032 •  | 2 | 2 |
| **Ginnie Mae**  |  |  |
| 4.625% (H15T1Y + 1.500%) due 07/20/2025 - 08/20/2026 ~•  | 1 | 1 |
| 4.875% due 04/20/2027 - 04/20/2032 •  | 3 | 3 |
| 5.000% due 05/20/2030 •  | 14 | 14 |
| 5.625% due 02/20/2030 •  | 111 | 112 |
| **U.S. Small Business Administration**<br>4.760% due 09/01/2025 | 122 | 121 |
| **Uniform Mortgage-Backed Security**  |  |  |
| 4.000% due 05/01/2030 - 12/01/2041 | 778 | 753 |
| 4.500% due 04/01/2028 - 11/01/2029 | 51 | 51 |
| Total U.S. Government Agencies (Cost $6,037) |  | 5968 |
| **U.S. TREASURY OBLIGATIONS 95.5%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.375% due 11/15/2040 | 37030 | 23602 |
| 1.375% due 08/15/2050 | 150550 | 74275 |
| 1.625% due 11/15/2050 | 214700 | 113179 |
| 1.750% due 08/15/2041 | 12400 | 8236 |
| 1.875% due 02/15/2041 | 110500 | 76038 |
| 2.250% due 08/15/2049 | 50320 | 31582 |
| 2.250% due 02/15/2052 | 600 | 367 |
| 2.750% due 11/15/2042 | 83400 | 63557 |
| 2.875% due 05/15/2043 (c) | 10960 | 8451 |
| 2.875% due 05/15/2049 | 56970 | 40914 |
| 3.000% due 05/15/2042 | 51000 | 40740 |
| 3.000% due 11/15/2044 | 213100 | 164162 |
| 3.000% due 08/15/2048 (c) | 8300 | 6141 |
| 3.000% due 02/15/2049 | 38140 | 28113 |
| 3.125% due 02/15/2043 | 41250 | 33185 |
| 3.625% due 08/15/2043 | 53000 | 45613 |
| 3.625% due 02/15/2044 | 32300 | 27663 |
| 4.000% due 11/15/2042 | 38100 | 34771 |
| 4.125% due 08/15/2044 | 7500 | 6873 |
| 4.375% due 02/15/2038 | 78530 | 78466 |
| 4.375% due 08/15/2043 (c) | 23300 | 22216 |
| 4.500% due 05/15/2038 | 31463 | 31844 |
| **U.S. Treasury Notes**  |  |  |
| 0.250% due 07/31/2025 (c) | 21754 | 21681 |

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<br> Schedule of Investments PIMCO U.S. Government and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 2.875% due 05/15/2028 (c) | 9680 | 9466 |
| 3.875% due 03/31/2027  | 46600 | 46680 |
| 3.875% due 05/31/2027  | 44100 | 44207 |
| Total U.S. Treasury Obligations (Cost $1,449,307) |  | 1082022 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 3.4%**  |  |  |
| **Bear Stearns Adjustable Rate Mortgage Trust**  |  |  |
| 6.575% due 04/25/2033 ~  | 10 | 10 |
| 6.625% due 04/25/2033 ~  | 5 | 5 |
| 6.884% due 01/25/2034 ~  | 74 | 74 |
| 6.971% due 11/25/2034 ~  | 178 | 169 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.607% due 11/25/2036 ~  | 10791 | 5542 |
| 4.608% due 11/25/2036 ~  | 5161 | 2977 |
| 4.754% due 02/25/2034 •  | 370 | 349 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>4.684% due 08/25/2035 •  | 76 | 73 |
| **Citigroup Mortgage Loan Trust** <br>6.490% due 05/25/2035 •  | 44 | 44 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.612% due 02/20/2047 •  | 2127 | 1709 |
| 4.754% due 02/25/2047 •  | 188 | 184 |
| 4.794% due 05/25/2047 •  | 1241 | 1143 |
| 4.834% due 05/25/2036 •  | 25 | 21 |
| 4.852% due 03/20/2046 •  | 1551 | 1430 |
| 4.854% due 05/25/2035 •  | 229 | 218 |
| 4.994% due 12/25/2035 •  | 128 | 117 |
| 5.399% due 02/25/2036 •  | 124 | 113 |
| 5.500% due 03/25/2036  | 807 | 333 |
| **Countrywide Home Loan Mortgage Pass-Through Trust**  |  |  |
| 3.655% due 04/25/2035 ~  | 167 | 132 |
| 4.300% due 09/20/2036 ~  | 1532 | 1358 |
| 4.894% due 05/25/2035 •  | 391 | 343 |
| 5.014% due 04/25/2035 •  | 20 | 19 |
| 5.094% due 02/25/2035 •  | 255 | 241 |
| 5.114% due 02/25/2035 •  | 143 | 133 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>0.098% due 06/25/2032 ~ | 1 | 1 |
| **DSLA Mortgage Loan Trust** <br>4.952% due 08/19/2045 •  | 156 | 139 |
| **GreenPoint MTA Trust** <br>4.874% due 06/25/2045 •  | 117 | 107 |
| **GSR Mortgage Loan Trust** <br>4.537% due 04/25/2036 ~ | 1409 | 858 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.692% due 03/19/2037 •  | 558 | 517 |
| 4.872% due 05/19/2035 •  | 482 | 464 |
| **IndyMac INDX Mortgage Loan Trust** <br>5.074% due 02/25/2035 •  | 589 | 544 |
| **JP Morgan Mortgage Trust**  |  |  |
| 5.308% due 02/25/2036 ~  | 246 | 172 |
| 5.479% due 07/25/2035 ~  | 130 | 124 |
| 5.990% due 07/25/2064 ~  | 835 | 840 |
| **MASTR Adjustable Rate Mortgages Trust** <br>5.869% due 05/25/2034 ~ | 42 | 41 |
| **Merrill Lynch Mortgage Investors Trust** <br>6.210% due 12/25/2032 •  | 12 | 12 |
| **Residential Accredit Loans, Inc. Trust**  |  |  |
| 4.734% due 08/25/2035 •  | 395 | 277 |
| 5.759% due 09/25/2045 •  | 137 | 117 |
| **Residential Asset Mortgage Products Trust** <br>8.500% due 10/25/2031 | 124 | 117 |
| **Residential Funding Mortgage Securities, Inc. Trust** <br>6.500% due 03/25/2032 | 7 | 7 |
| **Sequoia Mortgage Trust**  |  |  |
| 5.132% due 10/19/2026 •  | 56 | 55 |
| 5.132% due 07/20/2033 •  | 145 | 144 |
| 5.137% due 07/20/2033 •  | 102 | 96 |
| **Structured Adjustable Rate Mortgage Loan Trust** <br>5.799% due 01/25/2035 •  | 150 | 135 |
| **Structured Asset Mortgage Investments Trust**  |  |  |
| 4.874% due 05/25/2036 •  | 6065 | 4972 |
| 5.012% due 07/19/2034 •  | 22 | 21 |
| 5.132% due 03/19/2034 •  | 58 | 55 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.033% due 12/25/2046 •  | 478 | 431 |
| 4.068% due 12/25/2046 •  | 653 | 572 |
| 4.501% due 05/25/2046 •  | 202 | 169 |
| 4.954% due 11/25/2045 •  | 426 | 410 |
| 4.974% due 12/25/2045 •  | 137 | 138 |
| 5.129% due 01/25/2047 •  | 296 | 281 |
| 5.379% due 06/25/2046 •  | 940 | 876 |
| 5.399% due 02/25/2046 •  | 711 | 650 |

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------

<br> Schedule of Investments PIMCO U.S. Government and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.447% due 07/25/2046 •  | 2166 | 1964 |
| 5.447% due 08/25/2046 •  | 6372 | 5474 |
| 5.599% due 11/25/2042 •  | 84 | 81 |
| 5.899% due 09/25/2046 •  | 881 | 855 |
| 5.899% due 10/25/2046 •  | 327 | 306 |
| 6.205% due 03/25/2034 ~  | 21 | 21 |
| **Washington Mutual MSC Mortgage Pass-Through Certificates Trust**  |  |  |
| 5.371% due 05/25/2033 ~  | 30 | 30 |
| Total Non-Agency Mortgage-Backed Securities (Cost $51,192) |  | 38810 |
| **ASSET-BACKED SECURITIES 4.9%**  |  |  |
| **HOME EQUITY OTHER 0.3%**  |  |  |
| **Asset-Backed Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.514% due 05/25/2037 •  | 17 | 12 |
| 4.946% due 06/15/2031 •  | 268 | 265 |
| **Citigroup Global Markets Mortgage Securities, Inc.** <br>5.784% due 01/25/2032 •  | 25 | 24 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>4.562% due 01/25/2032 •  | 19 | 19 |
| **Credit-Based Asset Servicing & Securitization Trust** <br>3.221% due 01/25/2037 •  | 810 | 236 |
| **GE-WMC Mortgage Securities Trust** <br>4.514% due 08/25/2036 •  | 38 | 16 |
| **GSAMP Trust**  |  |  |
| 4.504% due 12/25/2036 •  | 368 | 182 |
| 4.614% due 11/25/2035 •  | 130 | 10 |
| **Home Equity Asset Trust** <br>5.354% due 02/25/2033 •  | 1 | 1 |
| **HSI Asset Securitization Corp. Trust** <br>4.534% due 10/25/2036 •  | 89 | 30 |
| **JP Morgan Mortgage Acquisition Trust** <br>4.594% due 08/25/2036 •  | 25 | 11 |
| **Lehman ABS Mortgage Loan Trust** <br>4.524% due 06/25/2037 •  | 332 | 221 |
| **Long Beach Mortgage Loan Trust** <br>4.994% due 10/25/2034 •  | 1368 | 1350 |
| **MASTR Asset-Backed Securities Trust** <br>4.534% due 11/25/2036 •  | 71 | 21 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.674% due 02/25/2037 •  | 248 | 70 |
| **Morgan Stanley ABS Capital, Inc. Trust** <br>4.494% due 05/25/2037 •  | 123 | 111 |
| **Morgan Stanley IXIS Real Estate Capital Trust** <br>4.534% due 11/25/2036 •  | 29 | 9 |
| **New Century Home Equity Loan Trust** <br>4.794% due 05/25/2036 •  | 107 | 108 |
| **Renaissance Home Equity Loan Trust** <br>5.134% due 08/25/2032 •  | 2 | 2 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.554% due 12/25/2036 •  | 1396 | 300 |
| **Soundview Home Loan Trust**  |  |  |
| 4.514% due 06/25/2037 •  | 174 | 115 |
| 4.554% due 11/25/2036 •  | 434 | 118 |
|  |  | 3231 |
| **WHOLE LOAN COLLATERAL 0.0%**  |  |  |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.594% due 11/25/2036 •  | 438 | 121 |
| **OTHER ABS 4.6%**  |  |  |
| **Anchorage Capital CLO Ltd.** <br>5.969% due 04/20/2037 •  | 2500 | 2506 |
| **Apex Credit CLO Ltd.** <br>6.069% due 04/20/2036 •  | 1300 | 1304 |
| **Apidos CLO** <br>5.622% due 07/16/2031 •  | 1189 | 1191 |
| **Ares CLO Ltd.** <br>5.600% due 04/17/2033 •  | 3380 | 3391 |
| **Atlas Senior Loan Fund Ltd.** <br>5.717% due 10/24/2031 •  | 1519 | 1521 |
| **Benefit Street Partners CLO Ltd.** <br>5.619% due 04/20/2034 •  | 1800 | 1803 |
| **Betony CLO Ltd.** <br>5.621% due 04/30/2031 •  | 731 | 732 |
| **BlueMountain CLO Ltd.** <br>5.472% due 10/25/2030 •  | 849 | 849 |
| **Capital Four U.S. CLO Ltd.** <br>6.169% due 01/20/2037 •  | 2200 | 2208 |
| **Carlyle Global Market Strategies CLO Ltd.**  |  |  |
| 5.511% due 07/20/2031 •  | 951 | 953 |

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<br> Schedule of Investments PIMCO U.S. Government and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.658% due 07/15/2031 •  | 1980 | 1985 |
| **Cathedral Lake Ltd.** <br>5.751% due 01/20/2035 •  | 1000 | 1001 |
| **Dewolf Park CLO Ltd.** <br>5.438% due 10/15/2030 •  | 760 | 761 |
| **Diameter Capital CLO Ltd.**  |  |  |
| 5.866% due 04/15/2037 •  | 2400 | 2408 |
| 6.086% due 01/15/2037 •  | 2700 | 2712 |
| **Dryden Senior Loan Fund**  |  |  |
| 5.419% due 10/19/2029 •  | 750 | 751 |
| 5.618% due 01/15/2031 •  | 1491 | 1493 |
| **Generate CLO Ltd.** <br>6.099% due 10/20/2036 •  | 3500 | 3553 |
| **KKR CLO Ltd.**  |  |  |
| 5.518% due 04/15/2031 •  | 342 | 342 |
| 5.701% due 02/09/2035 •  | 1700 | 1701 |
| **Madison Park Funding Ltd.** <br>5.514% due 07/27/2031 •  | 823 | 824 |
| **Magnetite Ltd.** <br>5.743% due 01/25/2032 •  | 639 | 640 |
| **Marble Point CLO Ltd.** <br>5.469% due 01/20/2032 •  | 408 | 408 |
| **Newark BSL CLO Ltd.** <br>5.513% due 07/25/2030 •  | 883 | 884 |
| **Palmer Square CLO Ltd.** <br>5.592% due 04/20/2035 •  | 1000 | 1002 |
| **Rad CLO Ltd.** <br>5.512% due 04/25/2032 •  | 1283 | 1285 |
| **Romark WM-R Ltd.** <br>5.561% due 04/20/2031 •  | 452 | 453 |
| **Sound Point CLO** <br>5.688% due 07/15/2034 •  | 1000 | 1001 |
| **Sound Point CLO Ltd.**  |  |  |
| 5.651% due 01/21/2031 •  | 400 | 400 |
| 5.723% due 10/25/2034 •  | 3000 | 3004 |
| **Sycamore Tree CLO Ltd.** <br>5.949% due 01/20/2037 •  | 1800 | 1821 |
| **Symphony CLO Ltd.** <br>5.479% due 01/23/2032 •  | 798 | 798 |
| **TCW CLO Ltd.** <br>5.861% due 01/16/2037 •  | 1000 | 1002 |
| **TIAA CLO Ltd.** <br>5.672% due 01/16/2031 •  | 96 | 96 |
| **Trinitas CLO Ltd.** <br>5.652% due 04/25/2033 •  | 1750 | 1752 |
| **Venture CLO Ltd.**  |  |  |
| 5.734% due 10/22/2031 •  | 2012 | 2015 |
| 5.778% due 01/15/2032 •  | 1218 | 1219 |
|  |  | 51769 |
| Total Asset-Backed Securities (Cost $58,077) |  | 55121 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **MUTUAL FUNDS 0.1%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 4.380% **(a)** | 508890 | 509 |
| Total Short-Term Instruments (Cost $509) |  | 509 |
| Total Investments in Securities (Cost $1,565,122) |  | 1182430 |
| **INVESTMENTS IN AFFILIATES 0.2%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.2%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.2%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 246814 | 2403 |
| Total Short-Term Instruments (Cost $2,403) |  | 2403 |
| Total Investments in Affiliates (Cost $2,403) |  | 2403 |
| Total Investments 104.6% (Cost $1,567,525) |  | $1184833 |
| **Financial Derivative Instruments (b) (0.2)**%(Cost or Premiums, net $11,814) |  | (1944) |
| Other Assets and Liabilities, net (4.4)% |  | (49714) |
| Net Assets 100.0% |  | $1133175 |

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<br> Schedule of Investments PIMCO U.S. Government and Short-Term Investments Portfolio (Cont.) June 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:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and 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)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **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** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Settlement Date | Settlement Date | Maturity 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 |
| DEU | DEU | DEU | 4.430%  | 06/25/2025 | 06/25/2025 | 06/25/2025 | 07/02/2025 | 07/02/2025 | 07/02/2025 | 07/02/2025 | (44265) | (44265) | (44265) | $ | $(44298) | (44298) |
| MSR | MSR | MSR | 4.500  | 06/30/2025 | 06/30/2025 | 06/30/2025 | 07/01/2025 | 07/01/2025 | 07/01/2025 | 07/01/2025 | (15838) | (15838) | (15838) |  | (15840) | (15840) |
|  |  |  | 4.500  | 07/01/2025 | 07/01/2025 | 07/01/2025 | 07/02/2025 | 07/02/2025 | 07/02/2025 | 07/02/2025 | (13846) | (13846) | (13846) |  | (13845) | (13845) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  |  | **$** | $**(73983)** | **(73983)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Coupon | Coupon | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount |  | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% | U.S. Government Agencies (1.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.000% | 4.000% | 08/01/2055 | 08/01/2055 | $ | 17000 | $ | $(15645) | (15645) | (15645) | $(15806) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 4.500 | 4.500 | 08/01/2055 | 08/01/2055 |  | 3000 |  | (2864) | (2864) | (2864) | (2869) |
| **Total Short Sales (1.6)%** | **Total Short Sales (1.6)%** | **Total Short Sales (1.6)%** | **Total Short Sales (1.6)%** | **Total Short Sales (1.6)%** | **Total Short Sales (1.6)%** |  |  |  |  |  |  | **$** | $**(18509)** | **(18509)** | **(18509)** | $**(18675)** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. 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 June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. 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 June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. 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 June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. 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 June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. 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 June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. 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 June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. 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 June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. 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 June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. 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 June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. 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 June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. 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 June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. 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 June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. 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 June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. 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 June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. 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 June 30, 2025 was $(44035) at a weighted average interest rate of 4.410%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| **(b)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| U.S. Treasury 2-Year Note September Futures  | U.S. Treasury 2-Year Note September Futures  | 09/2025 | 475 | 475 | $98811 | 98811 | 98811 | 98811 | $341 | 341 | 341 | $26 | 26 | 26 | $ | 0 |
| U.S. Treasury 5-Year Note September Futures  | U.S. Treasury 5-Year Note September Futures  | 09/2025 | 4081 | 4081 | 444829 | 444829 | 444829 | 444829 | 3831 | 3831 | 3831 | 542 | 542 | 542 |  | 0 |
| U.S. Treasury 10-Year Note September Futures  | U.S. Treasury 10-Year Note September Futures  | 09/2025 | 7012 | 7012 | 786221 | 786221 | 786221 | 786221 | 13235 | 13235 | 13235 | 2191 | 2191 | 2191 |  | 0 |
| U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond September Futures  | 09/2025 | 5511 | 5511 | 629718 | 629718 | 629718 | 629718 | 11803 | 11803 | 11803 | 2670 | 2670 | 2670 |  | 0 |
|  |  |  |  |  |  |  |  |  | 29210 | 29210 | $ | 5429 | 5429 | $ | $ | 0 |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| U.S. Treasury Long-Term Bond September Futures  | U.S. Treasury Long-Term Bond September Futures  | 09/2025 | 2354 | 2354 | $(271813) | (271813) | (271813) | (271813) | $(10787) | (10787) | (10787) | $0 | 0 | 0 | $ | (2354) |
| U.S. Treasury Ultra Long-Term Bond September Futures  | U.S. Treasury Ultra Long-Term Bond September Futures  | 09/2025 | 315 | 315 | (37524) | (37524) | (37524) | (37524) | (1331) | (1331) | (1331) | 0 | 0 | 0 |  | (423) |
|  |  |  |  |  |  |  |  |  | (12118) | (12118) | $ | 0 | 0 | $ | $ | (2777) |
| **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** | **17092** | **17092** | **$** | **5429** | **5429** | **$** | **$** | **(2777)** |

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------

<br> Schedule of Investments PIMCO U.S. Government and Short-Term Investments Portfolio (Cont.) June 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:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(2)</sup> | Notional<br>Amount<sup>(2)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(3)</sup> | Market<br>Value<sup>(3)</sup> | Asset | Liability |
| CDX.IG-40 5-Year Index  | CDX.IG-40 5-Year Index  | CDX.IG-40 5-Year Index  | Quarterly | 06/20/2028 | 06/20/2028 | 11700 | 11700 | 119 | $ | 122 | $ | 241 | 241 | 3 | 0 |
| CDX.IG-41 5-Year Index  | CDX.IG-41 5-Year Index  | CDX.IG-41 5-Year Index  | Quarterly | 12/20/2028 | 12/20/2028 | 1200 | 1200 | 14 |  | 13 |  | 27 | 27 | 0 | 0 |
| CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | CDX.IG-43 5-Year Index  | Quarterly | 12/20/2029 | 12/20/2029 | 12400 | 12400 | 278 |  | 5 |  | 283 | 283 | 6 | 0 |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | Quarterly | 06/20/2030 | 06/20/2030 | 94900 | 94900 | 1663 |  | 468 |  | 2131 | 2131 | 53 | 0 |
|  |  |  |  |  |  |  |  | 2074 | $ | 608 | $ | 2682 | 2682 | 62 | 0 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Liability |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.300% | Annual | 02/28/2029 | $118000 | 118000 | $(155) | (155) | $960 | 960 | $805 | 805 | 0 | $(124) |
| Receive<sup>(4)</sup> | Receive<sup>(4)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.581 | Annual | 11/30/2029 | 386000 | 386000 | 0 | 0 | (3450) | (3450) | (3450) | (3450) | 0 | (569) |
| Receive<sup>(4)</sup> | Receive<sup>(4)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.587 | Annual | 11/30/2029 | 360600 | 360600 | 0 | 0 | (3309) | (3309) | (3309) | (3309) | 0 | (532) |
| Receive<sup>(4)</sup> | Receive<sup>(4)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.620 | Annual | 11/30/2029 | 12700 | 12700 | 4 | 4 | (137) | (137) | (133) | (133) | 0 | (19) |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 3.857 | Annual | 03/31/2030 | 140300 | 140300 | 192 | 192 | 2343 | 2343 | 2535 | 2535 | 224 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.328 | Annual | 04/30/2031 | 11500 | 11500 | 0 | 0 | 106 | 106 | 106 | 106 | 0 | (23) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 06/30/2031 | 38900 | 38900 | 3 | 3 | 624 | 624 | 627 | 627 | 0 | (81) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.150 | Annual | 05/15/2034 | 394400 | 394400 | 0 | 0 | 15246 | 15246 | 15246 | 15246 | 0 | (1366) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 31000 | 31000 | (223) | (223) | 132 | 132 | (91) | (91) | 0 | (120) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 2.606 | Semi-Annual | 12/21/2047 | 40000 | 40000 | (13) | (13) | 9851 | 9851 | 9838 | 9838 | 0 | (226) |
| Receive<sup>(4)</sup> | Receive<sup>(4)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.100 | Annual | 11/15/2052 | 114200 | 114200 | (1152) | (1152) | (2051) | (2051) | (3203) | (3203) | 0 | (907) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 12/21/2052 | 53000 | 53000 | 10095 | 10095 | 10235 | 10235 | 20330 | 20330 | 0 | (292) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/20/2054 | 14000 | 14000 | 342 | 342 | 708 | 708 | 1050 | 1050 | 0 | (110) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/18/2054 | 64200 | 64200 | 647 | 647 | 4452 | 4452 | 5099 | 5099 | 0 | (513) |
|  |  |  |  |  |  |  |  | 9740 | $ | 35710 | $ | 45450 | 45450 | 224 | (4882) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **11814** | **$** | **36318** | **$** | **48132** | **48132** | **286** | **(4882)** |
| **(c)** | **Securities with an aggregate market value of $61,499 and cash of $711 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $61,499 and cash of $711 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $61,499 and cash of $711 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $61,499 and cash of $711 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $61,499 and cash of $711 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $61,499 and cash of $711 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $61,499 and cash of $711 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $61,499 and cash of $711 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $61,499 and cash of $711 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $61,499 and cash of $711 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $61,499 and cash of $711 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $61,499 and cash of $711 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $61,499 and cash of $711 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $61,499 and cash of $711 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2025.** | **Securities with an aggregate market value of $61,499 and cash of $711 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 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. |
| <sup>(2)</sup> | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(3)</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. |
| <sup>(4)</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. |
| **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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 June 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 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 06/30/2025 | Fair Value<br>at 06/30/2025 |  |
| **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** |  |
| 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 | $ | 5968 | $ | 0 | $ | $5968 |  |
| 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 |  | 1082022 |  | 0 |  | 1082022 |  |
| 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 |  | 38810 |  | 0 |  | 38810 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 |  | 3231 |  | 0 |  | 3231 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 |  | 121 |  | 0 |  | 121 |  |

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<br> Schedule of Investments PIMCO U.S. Government and Short-Term Investments Portfolio (Cont.) June 30, 2025 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| Other ABS | 0 | 51769 | 0 | 51769 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | 0 | 509 | 0 | 509 |
|  | $0 | $1182430 | $0 | $1182430 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | $2403 | $0 | $0 | $2403 |
| Total Investments | $2403 | $1182430 | $0 | $1184833 |
| **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 | $(18675) | $0 | $(18675) |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | $0 | $5715 | $0 | $5715 |
| **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 | $(7659) | $0 | $(7659) |
| Total Financial Derivative Instruments | $0 | $(1944) | $0 | $(1944) |
| Totals | $2403 | $1161811 | $0 | $1164214 |
| **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** | **There were no significant transfers into or out of Level 3 during the period ended June 30, 2025.** |

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Notes to Financial Statements

**1** **. BASIS FOR CONSOLIDATION**

PIMCO All Asset: Multi-Real Fund (Cayman) Ltd (Cayman Islands exempted company), PIMCO International Portfolio Subsidiary, LLC (Delaware limited liability company), PIMCO Short Asset Portfolio Subsidiary, LLC (Delaware limited liability company) and PIMCO Short-Term Floating NAV III Subsidiary, LLC (Delaware limited liability company), (each a "Subsidiary") were incorporated as wholly owned subsidiaries acting as investment vehicles for the PIMCO All Asset: Multi-Real Fund, PIMCO International Portfolio, PIMCO Short Asset Portfolio and PIMCO Short-Term Floating NAV Portfolio III respectively, ("Consolidated Fund") in order to effect certain investments for the Consolidated Fund consistent with each Consolidated Fund's investment objectives and policies as specified in their respective offering memorandum and offering memorandum supplement. Each Consolidated Fund's investment portfolio has been consolidated and includes the portfolio holdings of the Consolidated Fund and its respective Subsidiary. The consolidated financial statements include the accounts of each Consolidated Fund and its respective Subsidiary, if any. All inter-company transactions and balances have been eliminated. A subscription agreement was entered into between the PIMCO All Asset: Multi-Real Fund, PIMCO International Portfolio, PIMCO Short Asset Portfolio and PIMCO Short-Term Floating NAV Portfolio III and their Subsidiaries comprising the entire issued share capital of the Subsidiary, with the intent that each Consolidated Fund will remain the sole shareholder and retain all rights. Under the Memorandum and Articles of Association of each Subsidiary, shares issued by each Subsidiary confer upon a shareholder the right to receive notice of, to attend and to vote at general meetings of the respective Subsidiary and shall confer upon the shareholder rights in a winding-up or repayment of capital and the right to participate in the profits or assets of the respective Subsidiaries. See the table below for details regarding the structure, incorporation and relationship as of period end of each Subsidiary to its respective Consolidated Fund.

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| | | | |
|:---|:---|:---|:---|
| **Fund Name** | **Subsidiary** | **Date of Incorporation** | **Subsidiary % of**<br> **Consolidated Fund Net Assets**<sup>†</sup> |
| PIMCO All Asset: Multi-Real Fund | PIMCO All Asset: Multi-Real Fund (Cayman) Ltd | 06/17/2020 | 12% |
| PIMCO International Portfolio | PIMCO International Portfolio Subsidiary, LLC | 03/20/2014 | 24.2% |
| PIMCO Short Asset Portfolio | PIMCO Short Asset Portfolio Subsidiary, LLC | 03/01/2017 | 0.1% |
| PIMCO Short-Term Floating NAV Portfolio III | PIMCO Short-Term Floating NAV III Subsidiary, LLC | 03/20/2014 | 0.0% |

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<sup>†</sup> A zero balance may reflect actual amounts rounding to less than 0.01%.

**2. 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, with respect to each Portfolio other than the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, portfolio shares are ordinarily valued as of the close of regular trading (normally 4:00 p.m., Eastern time) ("NYSE Close"). With respect to the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III Portfolio shares are ordinarily valued as of 3:00 p.m. Eastern time, on each day that the NYSE is open. 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 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 the Portfolio can access at the measurement date, provided that a quotation will not be readily available if it is not reliable. Market value is generally determined on the basis of official closing prices or the last reported sales prices. The Portfolios will normally use pricing data for domestic equity securities received shortly after the NYSE Close (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and the NYSE Close) and do not normally take into account trading, clearances or settlements that take place after the NYSE Close (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and 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 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 (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and the NYSE Close), if the NYSE Close (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and 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 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 has designated PIMCO as the valuation designee ("Valuation Designee") for each Fund to perform the fair value determination relating to all Fund 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 Fund investments. The Valuation Designee may value Fund portfolio securities for which market quotations are not readily available and other Fund 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, ETFs, exchange-traded notes

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Notes to Financial Statements (Cont.)

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), a Portfolio's NAV will be calculated based on the NAVs of such investments. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and 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 (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and 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 the Trust 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 the Trust 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 a Portfolio may transact.

Whole loans may be fair valued using inputs that take into account borrower-or loan-level data (e.g., credit risk of the borrower) that is updated periodically throughout the life of each individual loan; any new borrower- or loan-level data received in written reports periodically by the Portfolio normally will be taken into account in calculating the NAV. The Portfolio's whole loan investments, including those originated by the Portfolio, or through an alternative lending platform generally are fair valued in accordance with procedures approved by the Board.

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. The Portfolios' use of fair valuation may also help to deter "stale price arbitrage" as discussed under the "Abusive Trading Practices" section in each Portfolio's Offering Memorandum.

**(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.

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

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

Assets or liabilities categorized as Level 2 or 3 as of period end have been transferred between Levels 2 and 3 since the prior period due to changes in the method utilized in valuing the investments. Transfers from Level 3 to Level 2 are a result of the availability of current and reliable market-based data provided by Pricing Sources or other valuation techniques which utilize significant observable inputs. In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for each respective Fund.

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:

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Notes to Financial Statements (Cont.)

Common stocks, ETFs, exchange-traded notes and financial derivative instruments, such as futures contracts, rights and warrants, or options on futures that are traded on a national securities exchange, are stated at the last reported sale or settlement price on the day of valuation. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized as Level 1 of the fair value hierarchy.

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

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

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

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

Valuation adjustments may be applied to certain securities that are solely traded on a foreign exchange to account for the market movement between the close of the foreign market and the NYSE Close (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time 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-linked securities are valued by referencing the last reported sale or settlement price of the linked referenced equity on the day of valuation. Foreign exchange adjustments are applied to the last reported price to convert the linked equity's trading currency to the contract's settling currency. These investments 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 or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and 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, London Interbank Offered Rate forward rate, interest rates, yield curves and credit spreads. These securities are categorized as Level 2 of the fair value hierarchy.

Reference instrument valuation estimates fair value by utilizing the correlation of the security to one or more broad-based securities, market indexes, and/or other financial instruments, whose pricing information is readily available. Unobservable inputs may include those used in algorithms based on percentage change in the reference instruments and/or weights of each reference instrument. 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 2 or Level 3 of the fair value hierarchy depending on the source or input of the reference instrument.

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

The Comparable Companies model is based on application of valuation multiples from publicly traded comparable companies to the financials of the subject company. Adjustments may be made to the market-derived valuation multiples based on differences between the comparable companies and the subject company. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

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.

------

Notes to Financial Statements (Cont.)

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

**3. 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 June 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.

The Portfolios may gain exposure to the commodities markets primarily through investments in swap agreements, futures and options. The PIMCO All Asset: Multi-Real Fund may also gain exposure indirectly to commodity markets by investing in the Multi-Real Fund (Cayman) Ltd., which may invest without limit in commodity-linked swap agreements and other commodity-linked derivative instruments.

One of the requirements for favorable tax treatment as a regulated investment company under the Code is that a Portfolio must derive at least 90% of its gross income from certain qualifying sources of income. The Internal Revenue Service ("IRS") has issued a revenue ruling which holds that income derived from commodity index-linked derivatives, if earned directly by a Portfolio, is not qualifying income under Subchapter M of the Code. The IRS has issued private letter rulings in which the IRS specifically concluded that income derived from an investment in a subsidiary that provides commodity-linked exposure through its investments will be qualifying income. Based on the reasoning in such rulings, a portfolio will continue to seek to gain exposure to the commodity markets primarily through investments in the Subsidiary and perhaps through commodity-linked notes.

It should be noted, however, that the IRS currently has ceased the issuance of such rulings. In addition, the IRS also issued a revenue procedure, which states that the IRS will not in the future issue private letter rulings that would require a determination of whether an asset (such as a commodity index-linked note) is a "security" under the Act. The IRS issued in September 2016 proposed regulations that would have generally treated a Portfolio's income inclusion (under Subpart F of the Code) with respect to the Subsidiary as qualifying income only if there were a distribution during the same taxable year out of the earnings and profits of the Subsidiary attributable to such income inclusion. In March 2019, the IRS issued final regulations (so modifying the proposed regulations) providing that (i) it will not rule on the determination of whether a financial instrument or position is a security under the Act; (ii) any earnings and profits paid out in the same taxable year as earned by a controlled foreign corporation to a Portfolio is treated as qualifying dividends; and (iii) that income inclusion by a Portfolio of its Subsidiary's earnings would be treated as other qualifying income if derived with respect to a Portfolio's business of investing in stock, securities, or currencies.

There can be no assurance that the IRS will not change its position that income derived from commodity-linked notes and wholly- owned subsidiaries is qualifying income. Furthermore, the tax treatment of commodity-linked notes, other commodity-linked derivatives, and a Portfolio's investments in the Subsidiary may otherwise be adversely affected by future legislation, court decisions, Treasury Regulations and/or guidance issued by the IRS. Such developments could affect the character, timing and/or amount of a Portfolio's taxable income or any distributions made by a Portfolio or result in the inability of a Portfolio to operate as described in its offering memorandum.

If, during a taxable year, the Subsidiary taxable losses (and other deductible items) exceed its income and gains, the net loss will not pass through to a Portfolio as a deductible amount for income tax purposes. In the event the Subsidiary taxable gains exceed its losses and other deductible items during a taxable year, the net gain will pass through to a Portfolio as ordinary income for Federal income tax purposes.

**4. 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 website at www.sec.gov, on the Funds' website at www.pimco.com, or upon request, as applicable. The tables below show the Portfolios' transactions in and earnings from investments in the affiliated funds for the period ended June 30, 2025 (amounts in thousands<sup>†</sup>):

**Investments in PIMCO Short Asset Portfolio**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Fund Name** | **Market Value<br>03/31/2025** | **Purchases at<br>Cost** | **Proceeds from<br>Sales** | **Net<br>Realized<br>Gain (Loss)** | **Change in<br>Unrealized<br>Appreciation<br>(Depreciation)** | **Market Value<br>06/30/2025** | **Dividend<br>Income**<sup>(1)</sup> | **Realized Net<br>Capital<br>Gain<br>Distributions**<sup>(1)</sup> |
| PIMCO All Authority: Multi-RAE PLUS Fund | $4200 | $0 | $(4190) | $(7) | $(3) | $0 | $6 | $0 |

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Fund Name** | **Market Value<br>03/31/2025** | **Purchases at<br>Cost** | **Proceeds from<br>Sales** | **Net<br>Realized<br>Gain (Loss)** | **Change in<br>Unrealized<br>Appreciation<br>(Depreciation)** | **Market Value<br>06/30/2025** | **Dividend<br>Income**<sup>(1)</sup> | **Realized Net<br>Capital<br>Gain<br>Distributions**<sup>(1)</sup> |
| PIMCO ABS and Short-Term Investments Portfolio | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681147  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1044781  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(660100) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(59) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1066006  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8745  | $0 |
| PIMCO All Asset: Multi-RAE PLUS Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0  | 0 |

---

------

Notes to Financial Statements (Cont.)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| PIMCO All Asset: MultiReal Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13351  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;542592  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(553200) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2719  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195  | 0 |
| PIMCO EM Bond and Short-Term Investments Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19287  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71584  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(58300) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32577  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181  | 0 |
| PIMCO High Yield and Short-Term Investments Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2263  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15500) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16  | 0 |
| PIMCO Investment Grade Credit Bond Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19998  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315680  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(284600) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51123  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1074  | 0 |
| PIMCO Long Duration Credit Bond Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50798  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6529773  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5695300) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;885434  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1184  | 0 |
| PIMCO Mortgage and Short-Term Investments Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3546  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128445  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(110400) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21593  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41  | 0 |
| PIMCO Municipal Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2744  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8301) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2783  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40  | 0 |
| PIMCO Real Return Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19005  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106137  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(121700) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3435  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37  | 0 |
| PIMCO Sector Fund Series – AM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;775  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3908  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3700) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;983  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7  | 0 |
| PIMCO Sector Fund Series – H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2089  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3917  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3700) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2306  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17  | 0 |
| PIMCO Sector Fund Series – I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1128  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;517425  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(516200) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2302  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125  | 0 |
| PIMCO Short-Term Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8881  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20214  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14700) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14398  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113  | 0 |
| PIMCO U.S. Government and Short-Term Investments Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1649  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70654  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(69900) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2403  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53  | 0 |
| PIMCO International Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173246  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179753  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(169800) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183222  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1653  | 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.

An affiliate includes any company in which a Portfolio owns 5% or more of the company's outstanding voting shares. The table below represents transactions in and earnings from these affiliated issuers for the period ended June 30, 2025 (amounts in thousands<sup>†</sup>, except number of shares).

**PIMCO High Yield and Short-Term Investments Portfolio**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Security Name** | &nbsp;&nbsp; **Market Value at 03/31/2025** | &nbsp;&nbsp; **Purchases**<br> **at cost** | &nbsp;&nbsp; **Proceeds from Sale** | &nbsp;&nbsp; **Net Realized Gain/(Loss)** | &nbsp;&nbsp; **Change in Unrealized Appreciation (Depreciation)** | &nbsp;&nbsp; **Market Value at 06/30/2025** | &nbsp;&nbsp; **Dividend Income** | &nbsp;&nbsp; **Shares Held at 06/30/2025** |
| &nbsp;&nbsp;&nbsp; Xfit Brands, Inc. | $&nbsp;&nbsp;&nbsp; 193 | $&nbsp;&nbsp;&nbsp; 0 | $&nbsp;&nbsp;&nbsp; 0 | $&nbsp;&nbsp;&nbsp; 0 | $&nbsp;&nbsp;&nbsp; 3 | $&nbsp;&nbsp;&nbsp; 196 | $&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; 68040639 |

---

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

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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 | **MYI** | Morgan Stanley & Co. International PLC |
| **BCY** | Barclays Capital, Inc. | **FAR** | Wells Fargo Bank National Association | **NGF** | Nomura Global Financial Products, Inc. |
| **BOA** | Bank of America N.A. | **FICC STR** | Fixed Income Clearing Corp. - State Street FICC <br> Repo | **NOM** | Nomura Securities International, Inc. |
| **BOM** | Bank of Montreal | **GLM** | Goldman Sachs Bank USA | **NXN** | Natixis New York |
| **BOO** | BoA Securities, Inc (Repo Only) | **GSC** | Goldman Sachs & Co. LLC | **RBC** | Royal Bank of Canada |
| **BOS** | BofA Securities, Inc. | **GST** | Goldman Sachs International | **RYL** | NatWest Markets Plc |
| **BPS** | BNP Paribas S.A. | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **SAL** | Citigroup Global Markets, Inc. |
| **BRC** | Barclays Bank PLC | **JML** | JP Morgan Securities Plc | **SCX** | Standard Chartered Bank, London |
| **BSH** | Banco Santander S.A. - New York Branch | **JPM** | JP Morgan Chase Bank N.A. | **SOG** | Societe Generale Paris |
| **BSN** | The Bank of Nova Scotia - Toronto | **JPS** | J.P. Morgan Securities LLC | **SSB** | State Street Bank and Trust Co. |
| **BUS** | The Bank of Nova Scotia - Toronto | **MAC** | Macquarie Bank Limited | **STR** | State Street FICC Repo |
| **CBK** | Citibank N.A. | **MBC** | HSBC Bank Plc | **TDM** | TD Securities (USA) LLC |
| **CEW** | Canadian Imperial Bank of Commerce<br> World Markets | **MEI** | Merrill Lynch International | **TOR** | The Toronto-Dominion Bank |
| **CIB** | Canadian Imperial Bank of Commerce | **MSR** | Morgan Stanley & Co LLC FICC Repo | **UAG** | UBS AG Stamford |
| **DEU** | Deutsche Bank Securities, Inc. | **MYC** | Morgan Stanley Capital Services LLC | **UBS** | UBS Securities LLC |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **GBP** | British Pound | **NZD** | New Zealand Dollar |
| **BRL** | Brazilian Real | **HKD** | Hong Kong Dollar | **PEN** | Peruvian New Sol |
| **CAD** | Canadian Dollar | **HUF** | Hungarian Forint | **PLN** | Polish Zloty |
| **CHF** | Swiss Franc | **IDR** | Indonesian Rupiah | **SEK** | Swedish Krona |
| **CLP** | Chilean Peso | **ILS** | Israeli Shekel | **SGD** | Singapore Dollar |
| **CNH** | Chinese Renminbi (Offshore) | **INR** | Indian Rupee | **THB** | Thai Baht |
| **COP** | Colombian Peso | **JPY** | Japanese Yen | **TRY** | Turkish New Lira |
| **CZK** | Czech Koruna | **KRW** | South Korean Won | **TWD** | Taiwanese Dollar |
| **DKK** | Danish Krone | **MXN** | Mexican Peso | **USD (or $)** | United States Dollar |
| **EGP** | Egyptian Pound | **NGN** | Nigerian Naira | **ZAR** | South African Rand |
| **EUR** | Euro | **NOK** | Norwegian Krone |  |  |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **CBOE** | Chicago Board Options Exchange | **EUREX** | Eurex Exchange | **OTC** | Over the Counter |
| **CBOT** | Chicago Board of Trade | **NYMEX** | New York Mercantile Exchange |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **ABX.HE** | Asset-Backed Securities Index - Home<br> Equity | **ERAEMLT** | eRAFI Emerging Markets Strategy Index | **NDDUEAFE** | MSCI EAFE Index |
| **AMZX** | Alerian MLP Total Return Index | **ERAUSLT** | eRAFI U.S. Large Strategy Index | **PIMCODB** | PIMCO Custom Commodity Basket |
| **BCOMF1NTC** | Bloomberg Commodity Index 1-Month Forward Total Return Custom Index | **ERAUSST** | eRAFI U.S. Small Strategy Index | **RADMFENT** | RAFI Dynamic Multi-Factor Emerging Markets<br> Equity ETF |
| **Bobl** | Bundesobligation, the German word for<br> federal government bond | **EUR003M** | 3 Month EUR Swap Rate | **RADMFUNT** | RAFI Dynamic Multi-Factor US Index |
| **Brent** | Brent Crude | **EUR006M** | 6 Month EUR Swap Rate | **RADMFXNT** | RAFI Dynamic Multi-Factor Developed Ex-<br> U.S. Index |
| **CAONREPO** | Canadian Overnight Repo Rate Average | **FEDL01** | Federal funds effective rate | **RU20INTR** | Russell 2000 Total Return Index |
| **CDX.EM** | Credit Derivatives Index - Emerging <br> Markets | **GOLDLNPM** | London Gold Market Fixing Ltd. PM | **S&P 500** | Standard & Poor's 500 Index |
| **CDX.HY** | Credit Derivatives Index - High Yield | **H15T1Y** | 1 Year US Treasury Yield Curve Constant Maturity <br> Rate | **SOFR** | Secured Overnight Financing Rate |
| **CDX.IG** | Credit Derivatives Index - Investment <br> Grade | **IBR** | Indicador Bancario de Referencia | **SONIO** | Sterling Overnight Interbank Average Rate |
| **CMBX** | Commercial Mortgage-Backed Index | **JMABNIC5** | J.P. Morgan Custom Commodity Index | **TSFR1M** | Term SOFR 1-Month |
| **CPTFEMU** | Eurozone HICP ex-Tobacco Index | **MLPIREIL** | Merrill Lynch Custom Equity Index | **TSFR3M** | Term SOFR 3-Month |
| **CPURNSA** | Consumer Price All Urban Non-Seasonally<br> Adjusted Index | **MLPIREIS** | Merrill Lynch Custom Equity Index | **UKRPI** | United Kingdom Retail Prices Index |
| **DWRTFT** | Dow Jones Wilshire REIT Total Return<br> Index | **MUTKCALM** | Tokyo Overnight Average Rate | **US0003M** | ICE 3-Month USD LIBOR |
| **ERADXULT** | eRAFI International Large Strategy Index |  |  |  |  |
| **Municipal Bond or Agency Abbreviations:** | **Municipal Bond or Agency Abbreviations:** |  |  |  |  |
| **AGM** | Assured Guaranty Municipal | **CR** | Custodial Receipts | **NPFGC** | National Public Finance Guarantee Corp. |
| **BAM** | Build America Mutual Assurance | **FHA** | Federal Housing Administration | **PSF** | Public School Fund |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **CMBS** | Collateralized Mortgage-Backed Security | **PRIBOR** | Prague Interbank Offered Rate |
| **ALT** | Alternate Loan Trust | **DAC** | Designated Activity Company | **REIT** | Real Estate Investment Trust |
| **BABs** | Build America Bonds | **EBITDA** | Earnings before Interest, Taxes, Depreciation and<br> Amoritization | **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 | **Lunar** | Monthly payment based on 28-day periods. One <br> year consists of 13 periods. | **TBD** | To-Be-Determined |
| **BRL-CDI** | Brazil Interbank Deposit Rate | **Oat** | Obligations Assimilables du Trésor | **TBD%** | Interest rate to be determined when loan <br> settles or at the time of funding |
| **BTP** | Buoni del Tesoro Poliennali "Long-term<br> Treasury Bond" | **OIS** | Overnight Index Swap | **TIIE** | Tasa de Interés Interbancaria de Equilibrio<br> "Equilibrium Interbank Interest Rate" |
| **CHILIBOR** | Chile Interbank Offered Rate | **oz.** | Ounce | **WIBOR** | Warsaw Interbank Offered Rate |
| **CLO** | Collateralized Loan Obligation | **PIK** | Payment-in-Kind | **WTI** | West Texas Intermediate |

---

## 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 Funds

- **b. Investment Company Act file number:** 811-05028

- **c. CIK number of Registrant:** 0000810893

- **d. LEI of Registrant:** 5493003B5Y5GR0Y25Y76

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

  - **Street Address 1:** 650 Newport Center Drive

  - **City:** Newport Beach

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92660

  - **Telephone number:** (888) 877-4626

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

- **a. Name of Series:** PIMCO U.S. Government and Short-Term Investments Portfolio

- **b. EDGAR series identifier (if any):** S000009847

- **c. LEI of Series:** 8NMWJD2XVDNZZAHXSJ80

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $1321070197.09

**Total Liabilities:** $187530436.83

**Net Assets:** $1133539760.26

**Cash Not Reported:** $508892.94

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 59005.587000 | **1-Year:** 3473.710300 | **5-Year:** -5229.535900 | **10-Year:** -3008.837200 | **30-Year:** 0.000000

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

- **3-Month:** 764.596100 | **1-Year:** 3652.509200 | **5-Year:** 10575.567600 | **10-Year:** 123.943600 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000027275 | -0.32%               | -1.59%               | 2.11%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $955169.69               | $-14237191.83                              |
| Month 2  | $-182446.32              | $-28311807.01                              |
| Month 3  | $-81014.85               | $21002079.31                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WASHINGTON MUTUAL 2002-AR17                          | WAMU MORTGAGE PASS THROUGH CER WAMU 2002 AR17 1A      | CUSIP: 929227XB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     84236 | PA      | $80701.99     | 0.01%             | 2042-11-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| ANCHORAGE CAPITAL CLO 28 LTD                         | ANCHORAGE CAPITAL CLO LTD ANCHC 2024 28A A 144A       | CUSIP: 03330RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2505511.03   | 0.22%             | 2037-04-20      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                | FED HM LN PC POOL A82915 FG 11/38 FIXED 5.5           | CUSIP: 312929GY2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      6590 | PA      | $6778.84      | 0.00%             | 2038-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | RFR USD SOFR/3.30000 12/02/24-4Y* CME                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $805041.95    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR13                          | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR13 2A      | CUSIP: 93363RAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    326972 | PA      | $306485.36    | 0.03%             | 2046-10-25      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| MARBLE POINT CLO XIV LTD 2018-2                      | MARBLE POINT CLO LTD. MP14 2018 2A A12R 144A          | CUSIP: 56608KAW3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    408092 | PA      | $408075.60    | 0.04%             | 2032-01-20      | Floating      | 5.47%                 | 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        |    198340 | PA      | $200825.00    | 0.02%             | 2044-10-01      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2005-14                | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 14 2A1      | CUSIP: 12667GCB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    228669 | PA      | $218326.99    | 0.02%             | 2035-05-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 535228 FN 12/29 FLOATING VAR                | CUSIP: 31384VSR4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       404 | PA      | $404.98       | 0.00%             | 2029-12-01      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| SYCAMORE TREE CLO 2023-2A LTD                        | SYCAMORE TREE CLO LTD STCP 2023 2A AR 144A            | CUSIP: 87122CAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1800000 | PA      | $1820627.91   | 0.16%             | 2037-01-20      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ADJ RATE MTG LN 2004-19                   | STRUCTURED ADJUSTABLE RATE MOR SARM 2004 19 2A1       | CUSIP: 863579JG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    149619 | PA      | $134759.29    | 0.01%             | 2035-01-25      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL MSC MTG CTFS 2003-AR1              | WASHINGTON MUTUAL MSC MORTGAGE WAMMS 2003 AR1 1A      | CUSIP: 939336PL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        45 | PA      | $45.38        | 0.00%             | 2033-02-25      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| CREDIT BASED ASSET SRVC & SEC 2007-CB1               | CREDIT BASED ASSET SERVICING A CBASS 2007 CB1 AF1A    | CUSIP: 1248MGAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    810017 | PA      | $236068.68    | 0.02%             | 2037-01-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | RFR USD SOFR/3.75000 12/18/24-10Y CME                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-91352.68    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC STRUCTURED PASS THRU SEC T-61                  | FHLMC STRUCTURED PASS THROUGH FSPC T 61 1A1           | CUSIP: 31395A3J2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    315253 | PA      | $304747.13    | 0.03%             | 2044-07-25      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| FHLMC STRUCTURED PASS THRU SEC T-62                  | FHLMC STRUCTURED PASS THROUGH FSPC T 62 1A1           | CUSIP: 31395HHV5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    536324 | PA      | $491483.28    | 0.04%             | 2044-10-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC) | FREDDIE MAC NOTES 01/32 0.00000                       | CUSIP: 3134A4NU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    563000 | PA      | $428304.17    | 0.04%             | 2032-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ARM 2003-1                              | BEAR STEARNS ADJUSTABLE RATE M BSARM 2003 1 6A1       | CUSIP: 07384MTN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10242 | PA      | $10338.32     | 0.00%             | 2033-04-25      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 675632 FN 12/32 FLOATING VAR                | CUSIP: 31391SSV3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1450 | PA      | $1480.43      | 0.00%             | 2032-12-01      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | US 2YR NOTE (CBT) SEP25 XCBT 20250930                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       475 | NC      | $350066.45    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC 2469                                     | FREDDIE MAC FHR 2469 FV                               | CUSIP: 31392RDQ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      5788 | PA      | $5774.19      | 0.00%             | 2030-06-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| MASTR ADJUSTABLE RT MTGE TRUST 2004-4                | MASTR ADJUSTABLE RATE MORTGAGE MARM 2004 4 4A1        | CUSIP: 576433ME3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     41657 | PA      | $40628.66     | 0.00%             | 2034-05-25      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| CHEVY CHASE MTGE FUNDING CORP 2004-3A                | CHEVY CHASE MORTGAGE FUNDING C CCMFC 2004 3A A1 144A  | CUSIP: 16678RBU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     76026 | PA      | $73491.48     | 0.01%             | 2035-08-25      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR11                          | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR11 2A      | CUSIP: 93363TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    880726 | PA      | $854916.70    | 0.08%             | 2046-09-25      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2003-4                        | SEQUOIA MORTGAGE TRUST SEMT 2003 4 2M1                | CUSIP: 81743PBX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    101611 | PA      | $96377.29     | 0.01%             | 2033-07-20      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                 | GNMA II POOL 008651 G2 07/25 FLOATING VAR             | CUSIP: 36202KTG0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       220 | PA      | $219.08       | 0.00%             | 2025-07-20      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| RALI SERIES 2005-QO1 TRUST                           | RESIDENTIAL ACCREDIT LOANS, IN RALI 2005 QO1 A1       | CUSIP: 761118EN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    395028 | PA      | $277265.60    | 0.02%             | 2035-08-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | RFR USD SOFR/3.58672 09/02/25-4Y* LCH                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-3309081.96  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTG INV INC 2004-AR3                | STRUCTURED ASSET MORTGAGE INVE SAMI 2004 AR3 1A2      | CUSIP: 86359LBY4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     21993 | PA      | $20577.25     | 0.00%             | 2034-07-19      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | CDX IG41 5Y ICE                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |         1 | NC      | $26409.93     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                 | FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE             | CUSIP: 01F042681<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -3000000 | PA      | $-2868561.30  | -0.25%            | 2054-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL MA0200 FN 10/29 FIXED 4.5                   | CUSIP: 31417YGJ0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      6281 | PA      | $6283.40      | 0.00%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INDYMAC INDX MTGE LOAN TR 2005-AR2                   | INDYMAC INDX MORTGAGE LOAN TRU INDX 2005 AR2 2A1A     | CUSIP: 45660LCL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    589410 | PA      | $543613.90    | 0.05%             | 2035-02-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTG INV INC 2004-AR1                | STRUCTURED ASSET MORTGAGE INVE SAMI 2004 AR1 1A2      | CUSIP: 86359LAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     57618 | PA      | $54752.10     | 0.00%             | 2034-03-19      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| SOUND POINT CLO XVIII LTD 2017-4A                    | SOUND POINT CLO LTD SNDPT 2017 4A A1 144A             | CUSIP: 83609TAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400065 | PA      | $400466.13    | 0.04%             | 2031-01-21      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| FANNIEMAE WHOLE LOAN 2003-W-8                        | FANNIEMAE WHOLE LOAN FNW 2003 W8 3F2                  | CUSIP: 31393CX40<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     58160 | PA      | $57987.56     | 0.01%             | 2042-05-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ARM 2003-1                              | BEAR STEARNS ADJUSTABLE RATE M BSARM 2003 1 3A1       | CUSIP: 07384MTK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5187 | PA      | $5246.99      | 0.00%             | 2033-04-25      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2005-3                        | COUNTRYWIDE HOME LOANS CWHL 2005 3 2A1                | CUSIP: 12669GTV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19712 | PA      | $18643.23     | 0.00%             | 2035-04-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 03/27 3.875                           | CUSIP: 91282CMV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  46600000 | PA      | $46680093.75  | 4.12%             | 2027-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2005-76                | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 76 2A1      | CUSIP: 12668BDE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    124012 | PA      | $112950.96    | 0.01%             | 2036-02-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LN TRUST 2006-NLC1             | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2006 NLC1 A1 144A | CUSIP: 83611DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    433952 | PA      | $118069.26    | 0.01%             | 2036-11-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTG INV INC 2006-AR3                | STRUCTURED ASSET MORTGAGE INVE SAMI 2006 AR3 12A1     | CUSIP: 86360KAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6065451 | PA      | $4971857.76   | 0.44%             | 2036-05-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2006-6                      | BEAR STEARNS ALT A TRUST BALTA 2006 6 31A1            | CUSIP: 073868AV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5161046 | PA      | $2976900.92   | 0.26%             | 2036-11-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 5                             | SEQUOIA MORTGAGE TRUST SEMT 5 A                       | CUSIP: 81743WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     56101 | PA      | $55237.46     | 0.00%             | 2026-10-19      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2005-9                        | COUNTRYWIDE HOME LOANS CWHL 2005 9 1A3                | CUSIP: 12669GZQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    391061 | PA      | $342982.10    | 0.03%             | 2035-05-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | RFRF USD SF+26.161/2.6* 12/21/17-30Y LCH              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $9838125.42   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 930543 FN 02/29 FIXED 4.5                   | CUSIP: 31412NZG4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     10574 | PA      | $10568.13     | 0.00%             | 2029-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | US 10YR NOTE (CBT)SEP25 XCBT 20250919                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      7012 | NC      | $13290428.51  | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 08/48 3                               | CUSIP: 912810SD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8300000 | PA      | $6141027.32   | 0.54%             | 2048-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUND POINT CLO XXIII 2019-2A                        | SOUND POINT CLO LTD SNDPT 2019 2A AR 144A             | CUSIP: 83614BAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001227.50   | 0.09%             | 2034-07-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| HOME EQUITY PASS-THRU CERTS 2002-3                   | HOME EQUITY ASSET TRUST HEAT 2002 3 A4                | CUSIP: 22541NHE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1010 | PA      | $978.50       | 0.00%             | 2033-02-25      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TRUST INC 2005-11                | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 11 A1A       | CUSIP: 17307GW53<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     43764 | PA      | $44108.69     | 0.00%             | 2035-05-25      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST 2024-VIS1                 | JP MORGAN MORTGAGE TRUST JPMMT 2024 VIS1 A1 144A      | CUSIP: 465970AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    834599 | PA      | $840310.29    | 0.07%             | 2064-07-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | RFR USD SOFR/3.30000 12/02/24-7Y* CME                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $375559.18    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2003-4                        | SEQUOIA MORTGAGE TRUST SEMT 2003 4 2A1                | CUSIP: 81743PBW5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    144636 | PA      | $143783.72    | 0.01%             | 2033-07-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 05/42 3                               | CUSIP: 912810QW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  51000000 | PA      | $40740234.12  | 3.59%             | 2042-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 2585                                     | FREDDIE MAC FHR 2585 FD                               | CUSIP: 31393MH61<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      8263 | PA      | $8226.57      | 0.00%             | 2032-12-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| ARES XXXIV CLO LTD 2015-2A                           | ARES CLO LTD ARES 2015 2A AR3 144A                    | CUSIP: 04015GAX7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3380000 | PA      | $3390907.09   | 0.30%             | 2033-04-17      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 02/43 3.125                           | CUSIP: 912810QZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  41250000 | PA      | $33185302.84  | 2.93%             | 2043-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                 | GNMA II POOL 080070 G2 05/27 FLOATING VAR             | CUSIP: 36225CCG9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       265 | PA      | $264.70       | 0.00%             | 2027-05-20      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| LEHMAN ABS MTGE LN TR 2007-1                         | LEHMAN ABS MORTGAGE LOAN TRUST LABSM 2007 1 2A1 144A  | CUSIP: 52521MAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    331795 | PA      | $220514.53    | 0.02%             | 2037-06-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| GSR MORTGAGE LOAN TRUST 2006-AR2                     | GSR MORTGAGE LOAN TRUST GSR 2006 AR2 2A1              | CUSIP: 36297TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1408729 | PA      | $858407.12    | 0.08%             | 2036-04-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 803338 FN 09/44 FLOATING VAR                | CUSIP: 31405YPX3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    154497 | PA      | $156414.96    | 0.01%             | 2044-09-01      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| DSLA MORTGAGE LOAN TRUST 2005-AR4                    | DSLA MORTGAGE LOAN TRUST DSLA 2005 AR4 2A1A           | CUSIP: 23332UEM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    156009 | PA      | $139111.25    | 0.01%             | 2045-08-19      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 735362 FN 03/35 FLOATING VAR                | CUSIP: 31402Q5X5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    101080 | PA      | $101800.33    | 0.01%             | 2035-03-01      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006 AR7                           | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR7 3A       | CUSIP: 93363CAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2166474 | PA      | $1964035.98   | 0.17%             | 2046-07-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| FANNIEMAIE WHOLE LOAN 2002-W2                        | FANNIEMAE WHOLE LOAN FNW 2002 W2 AV1                  | CUSIP: 31392CEQ3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       133 | PA      | $130.84       | 0.00%             | 2032-06-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                 | GNMA II POOL 080409 G2 05/30 FLOATING VAR             | CUSIP: 36225CN36<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     14439 | PA      | $14435.49     | 0.00%             | 2030-05-20      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                | FED HM LN PC POOL A89493 FG 10/39 FIXED 5.5           | CUSIP: 312936RN9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     16752 | PA      | $17159.61     | 0.00%             | 2039-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VENTURE CDO LTD 2018-35A                             | VENTURE CDO LTD VENTR 2018 35A ALR 144A               | CUSIP: 92331XAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2012269 | PA      | $2015487.64   | 0.18%             | 2031-10-22      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| MASTR ASSET BACKED SEC TR 2006-HE4                   | MASTR ASSET BACKED SECURITIES MABS 2006 HE4 A1        | CUSIP: 576449AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     71457 | PA      | $21357.45     | 0.00%             | 2036-11-25      | Floating      | 4.53%                 | 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      | $1049949.47   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| DIAMETER CAPITAL CLO 2024-6A                         | DIAMETER CAPITAL CLO DCLO 2024 6A A1 144A             | CUSIP: 25255UAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2400000 | PA      | $2407487.64   | 0.21%             | 2037-04-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                | FED HM LN PC POOL A89085 FG 10/39 FIXED 5.5           | CUSIP: 312936CW5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      9002 | PA      | $9231.99      | 0.00%             | 2039-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 2990                                     | FREDDIE MAC FHR 2990 EZ                               | CUSIP: 31395V2K4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    243935 | PA      | $243755.24    | 0.02%             | 2035-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                | FED HM LN PC POOL 786778 FH 07/29 FLOATING VAR        | CUSIP: 31295KQ72<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1392 | PA      | $1407.12      | 0.00%             | 2029-07-01      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING XXIII LTD 2017-23A              | MADISON PARK FUNDING LTD MDPK 2017 23A AR 144A        | CUSIP: 55820TAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    822529 | PA      | $823715.25    | 0.07%             | 2031-07-27      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 11/42 2.75                            | CUSIP: 912810QY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  83400000 | PA      | $63556663.85  | 5.61%             | 2042-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GREENPOINT MTGE FUNDING TR 2005-AR1                  | GREENPOINT MORTGAGE FUNDING TR GPMF 2005 AR1 A2       | CUSIP: 39538RAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    116808 | PA      | $106666.99    | 0.01%             | 2045-06-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 3031                                     | FREDDIE MAC FHR 3031 LZ                               | CUSIP: 31396AAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     57941 | PA      | $57888.92     | 0.01%             | 2035-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR17                          | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR17 2A      | CUSIP: 92925DAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    477615 | PA      | $430556.66    | 0.04%             | 2046-12-25      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ARM TR 2004-8                           | BEAR STEARNS ADJUSTABLE RATE M BSARM 2004 8 11A2      | CUSIP: 07384MZ96<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    178212 | PA      | $168890.36    | 0.01%             | 2034-11-25      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL MA0096 FN 06/29 FIXED 4.5                   | CUSIP: 31417YDA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      2349 | PA      | $2349.06      | 0.00%             | 2029-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | CDX IG43 5Y ICE                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |         1 | NC      | $283031.29    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LONG BEACH MTGE LOAN TRUST 2004-4                    | LONG BEACH MORTGAGE LOAN TRUST LBMLT 2004 4 1A1       | CUSIP: 542514HN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1368021 | PA      | $1349763.78   | 0.12%             | 2034-10-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 02/38 4.375                           | CUSIP: 912810PW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  78530000 | PA      | $78465581.06  | 6.92%             | 2038-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2006-8                      | BEAR STEARNS ALT A TRUST BALTA 2006 8 3A1             | CUSIP: 07387QAX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    370089 | PA      | $349068.51    | 0.03%             | 2034-02-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 635099 FN 06/32 FLOATING VAR                | CUSIP: 31389TRU8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        92 | PA      | $93.42        | 0.00%             | 2032-06-01      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INV 2007-HE2                  | MERRILL LYNCH MORTGAGE INVESTO MLMI 2007 HE2 A2A      | CUSIP: 59024LAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    248329 | PA      | $70145.52     | 0.01%             | 2037-02-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2004-25                       | COUNTRYWIDE HOME LOANS CWHL 2004 25 2A1               | CUSIP: 12669GKF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    143458 | PA      | $132974.54    | 0.01%             | 2035-02-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2004-11                                   | FANNIE MAE FNR 2004 11 A                              | CUSIP: 31393T7H3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     22818 | PA      | $22780.61     | 0.00%             | 2034-03-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 05/27 3.875                           | CUSIP: 91282CNE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  44100000 | PA      | $44206804.91  | 3.90%             | 2027-05-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 02/41 1.875                           | CUSIP: 912810SW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 110500000 | PA      | $76037812.50  | 6.71%             | 2041-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2006-HYB5                     | COUNTRYWIDE HOME LOANS CWHL 2006 HYB5 2A1             | CUSIP: 170256AD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1531946 | PA      | $1357679.44   | 0.12%             | 2036-09-20      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2007-FM1                                 | GSAMP TRUST GSAMP 2007 FM1 A2A                        | CUSIP: 3622MAAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    368052 | PA      | $182479.08    | 0.02%             | 2036-12-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LOAN TR 2007-OPT1              | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2007 OPT1 2A1     | CUSIP: 83612TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    174500 | PA      | $114888.85    | 0.01%             | 2037-06-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| SOUND POINT CLO XXVII LTD                            | SOUND POINT CLO LTD SNDPT 2020 2A AR 144A             | CUSIP: 83611VAS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3004455.87   | 0.27%             | 2034-10-25      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | CDX IG44 5Y ICE                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |         1 | NC      | $2130804.11   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL MA0232 FN 11/29 FIXED 4.5                   | CUSIP: 31417YHJ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     26959 | PA      | $26975.83     | 0.00%             | 2029-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                | FED HM LN PC POOL 847415 FH 06/35 FLOATING VAR        | CUSIP: 3128JRGY6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    316945 | PA      | $327562.56    | 0.03%             | 2035-06-01      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2005-61                | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 61 2A1      | CUSIP: 12668AVP7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    127554 | PA      | $116618.88    | 0.01%             | 2035-12-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | RFR USD SOFR/3.14947 12/02/24-9Y* CME                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $15244883.10  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| CATHEDRAL LAKE VIII LTD                              | CATHEDRAL LAKE LTD CATLK 2021 8A A1 144A              | CUSIP: 14919GAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000804.88   | 0.09%             | 2035-01-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| FHLMC STRUCTURED PASS THRU SEC T-59                  | FHLMC STRUCTURED PASS THROUGH FSPC T 59 1A1           | CUSIP: 31394PPQ0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    263471 | PA      | $270612.64    | 0.02%             | 2043-10-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL AJ4494 FN 12/41 FIXED 4                     | CUSIP: 3138AV7G4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    448315 | PA      | $432870.83    | 0.04%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ASSET BACKED SEC HOME EQTY LN 2007-HE2               | ASSET BACKED SECURITIES CORP H ABSHE 2007 HE2 A2      | CUSIP: 04544TAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16562 | PA      | $11740.41     | 0.00%             | 2037-05-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL AE4948 FN 09/40 FIXED 4                     | CUSIP: 31419FQA7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    107661 | PA      | $103929.12    | 0.01%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 05/49 2.875                           | CUSIP: 912810SH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  56970000 | PA      | $40913806.50  | 3.61%             | 2049-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TR 2007-OA7             | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2007 OA7 A1A     | CUSIP: 126680AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1241422 | PA      | $1143053.03   | 0.10%             | 2047-05-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 02/49 3                               | CUSIP: 912810SF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38140000 | PA      | $28113351.75  | 2.48%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 08/50 1.375                           | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 150550000 | PA      | $74275254.66  | 6.55%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 08/43 4.375                           | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23300000 | PA      | $22216458.90  | 1.96%             | 2043-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | RFR USD SOFR/4.10000 09/02/25-27Y* LCH                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-3203298.58  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2005-AR19                          | WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR19 A1A1    | CUSIP: 92925CBA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    136960 | PA      | $138080.36    | 0.01%             | 2045-12-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2006-S1                                  | GSAMP TRUST GSAMP 2006 S1 A2A                         | CUSIP: 3623413A5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130482 | PA      | $9910.01      | 0.00%             | 2035-11-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALT LOAN TRUST 2006-OA22                 | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 OA22 A1     | CUSIP: 23245PAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    187742 | PA      | $183541.33    | 0.02%             | 2047-02-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| APEX CREDIT CLO 2024-1A LTD                          | APEX CREDIT CLO LLC APEXC 2024 1A A1 144A             | CUSIP: 03753AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   1300000 | PA      | $1303949.76   | 0.12%             | 2036-04-20      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2006-A1                     | JP MORGAN MORTGAGE TRUST JPMMT 2006 A1 2A2            | CUSIP: 466247E74<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    246075 | PA      | $172204.43    | 0.02%             | 2036-02-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                | FED HM LN PC POOL 847076 FH 01/32 FLOATING VAR        | CUSIP: 3128HD2H1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1568 | PA      | $1575.86      | 0.00%             | 2032-01-01      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| GNRT-3A                                              | GENERATE CLO LTD. GNRT 3A A2R 144A                    | CUSIP: 98625UBC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3552806.88   | 0.31%             | 2036-10-20      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 732218 FN 06/43 FLOATING VAR                | CUSIP: 31402LPB2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    141454 | PA      | $142988.84    | 0.01%             | 2043-06-01      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2004-AR1                           | WAMU MORTGAGE PASS THROUGH CER WAMU 2004 AR1 A        | CUSIP: 92922FLD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     21324 | PA      | $21452.86     | 0.00%             | 2034-03-25      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR5                           | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR5 A12A     | CUSIP: 93362YAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    939684 | PA      | $876406.31    | 0.08%             | 2046-06-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                | FED HM LN PC POOL 1B2793 FH 02/35 FLOATING VAR        | CUSIP: 3128JM7F8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    117469 | PA      | $119758.98    | 0.01%             | 2035-02-01      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES CLO LTD 2015-1A     | CARLYLE GLOBAL MARKET STRATEGI CGMS 2015 1A AR3 144A  | CUSIP: 14311DBN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    951300 | PA      | $952691.29    | 0.08%             | 2031-07-20      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 664885 FN 10/32 FLOATING VAR                | CUSIP: 31391EUJ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      2280 | PA      | $2324.06      | 0.00%             | 2032-10-01      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| TCW CLO 2024-1 LTD                                   | TCW LTD TCW 2024 1A A1 144A                           | CUSIP: 87252MAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001719.66   | 0.09%             | 2037-01-16      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| NEWARK BSL CLO 2 LTD 2017 1A                         | NEWARK BSL CLO 2 LTD. NBCLO 2017 1A A1R 144A          | CUSIP: 65023PAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    883495 | PA      | $883995.92    | 0.08%             | 2030-07-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR9                           | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR9 2A       | CUSIP: 93363DAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6372392 | PA      | $5473879.99   | 0.48%             | 2046-08-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| FHLMC STRUCTURED PASS THROUGH SEC T-63               | FHLMC STRUCTURED PASS THROUGH FSPC T 63 1A1           | CUSIP: 31395M2F5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    171693 | PA      | $165994.08    | 0.01%             | 2045-02-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL MA0427 FN 05/30 FIXED 4                     | CUSIP: 31417YPM3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      8005 | PA      | $7954.04      | 0.00%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INVESTORS 2003-A1             | MERRILL LYNCH MORTGAGE INVESTO MLMI 2003 A1 3A        | CUSIP: 589929F37<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12282 | PA      | $12061.72     | 0.00%             | 2032-12-25      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | US 10YR ULTRA FUT SEP25 XCBT 20250919                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      5511 | NC      | $11759792.40  | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| RAD CLO LTD 2019 4A                                  | RAD CLO LTD RAD 2019 4A AR 144A                       | CUSIP: 749984AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1283103 | PA      | $1284771.32   | 0.11%             | 2032-04-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 05/38 4.5                             | CUSIP: 912810PX0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  31463000 | PA      | $31843997.42  | 2.81%             | 2038-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2006-6                      | BEAR STEARNS ALT A TRUST BALTA 2006 6 32A1            | CUSIP: 073868BE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10790658 | PA      | $5542347.33   | 0.49%             | 2036-11-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TR 2006-OA1             | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 OA1 2A1     | CUSIP: 126694A32<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1550521 | PA      | $1430237.25   | 0.13%             | 2046-03-20      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| ATLAS SENIOR LOAN FUND LTD 2018-12A                  | ATLAS SENIOR LOAN FUND LTD ATCLO 2018 12A A1 144A     | CUSIP: 04942UAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1519256 | PA      | $1521483.94   | 0.13%             | 2031-10-24      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 2477                                     | FREDDIE MAC FHR 2477 FZ                               | CUSIP: 31392PU94<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      5249 | PA      | $5238.12      | 0.00%             | 2031-06-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| CAPITAL FOUR US CLO 2022-1A                          | CAPITAL FOUR US CLO C4US 2022 1A AR 144A              | CUSIP: 14016CAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2200000 | PA      | $2208336.94   | 0.19%             | 2037-01-20      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 2739                                     | FREDDIE MAC FHR 2739 PG                               | CUSIP: 31394NGR3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    860830 | PA      | $878644.02    | 0.08%             | 2034-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 08/41 1.75                            | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12400000 | PA      | $8236312.50   | 0.73%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ASSET BACKED SEC CORP HEQ LN 2001-HE2                | ASSET BACKED SECURITIES CORP H ABSHE 2001 HE2 A1      | CUSIP: 04541GBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    268266 | PA      | $264572.29    | 0.02%             | 2031-06-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| RENAISSANCE HOME EQUITY LOAN TRUST 2002-2            | RENAISSANCE HOME EQUITY LOAN T RAMC 2002 2 A          | CUSIP: 759950AG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1853 | PA      | $1776.40      | 0.00%             | 2032-08-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 11/40 1.375                           | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  37030000 | PA      | $23602285.45  | 2.08%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | RFR USD SOFR/3.62000 09/02/25-4Y* LCH                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-133097.27   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL AJ5116 FN 12/41 FIXED 4                     | CUSIP: 3138AWVJ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    117664 | PA      | $113610.90    | 0.01%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | US 5YR NOTE (CBT) SEP25 XCBT 20250930                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      4081 | NC      | $3910609.84   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| DRSLF-2017-54A                                       | DRYDEN SENIOR LOAN FUND DRSLF 2017 54A AR 144A        | CUSIP: 26244RAF8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750043 | PA      | $750565.68    | 0.07%             | 2029-10-19      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                 | GNMA II POOL 873877 G2 02/30 FLOATING VAR             | CUSIP: 36208ALN9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    111485 | PA      | $112069.83    | 0.01%             | 2030-02-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 08/43 3.625                           | CUSIP: 912810RC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  53000000 | PA      | $45613125.00  | 4.02%             | 2043-08-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ADJUSTABLE RATE MORTGAGE TRUST 2003-8   | BEAR STEARNS ADJUSTABLE RATE M BSARM 2003 8 4A1       | CUSIP: 07384MZV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     73939 | PA      | $74159.48     | 0.01%             | 2034-01-25      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 775852 FN 03/44 FLOATING VAR                | CUSIP: 31404Q5M7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    214425 | PA      | $217089.28    | 0.02%             | 2044-03-01      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| PIMCO FUNDS                                          | PIMCO PRV SHORT TERM FLT III MUTUAL FUND              | CUSIP: 000000000<br>LEI: LWVQWTQCFH3YG7CVH718 | Long             | STIV             | RF                | US        |    245815 | PA      | $2393496.59   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| FANNIE MAE 2002-21                                   | FANNIE MAE FNR 2002 21 FD                             | CUSIP: 31392CRD8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      6229 | PA      | $6248.71      | 0.00%             | 2032-04-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | RFR USD SOFR/3.32826 09/03/24-7Y* CME                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $106148.21    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 795297 FN 07/44 FLOATING VAR                | CUSIP: 31405PRS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     40416 | PA      | $40793.80     | 0.00%             | 2044-07-01      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| HARBORVIEW MORTGAGE LOAN TR 2005-2                   | HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2005 2 2A1A      | CUSIP: 41161PLR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    482171 | PA      | $463715.42    | 0.04%             | 2035-05-19      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 11/42 4                               | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38100000 | PA      | $34770714.94  | 3.07%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROMARK WM-R LTD 2018-1A                              | ROMARK CLO LTD RMRK 2018 1A A1 144A                   | CUSIP: 77587AAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    452415 | PA      | $452906.10    | 0.04%             | 2031-04-20      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                 | GNMA II POOL 008945 G2 08/26 FLOATING VAR             | CUSIP: 36202K5E1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       857 | PA      | $854.64       | 0.00%             | 2026-08-20      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR17                          | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR17 1A1A    | CUSIP: 92925DAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    653337 | PA      | $571985.61    | 0.05%             | 2046-12-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | US LONG BOND(CBT) SEP25 XCBT 20250919                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |     -2354 | NC      | $-10529554.73 | -0.93%            |  |  |  | No            |                  2 | On Loan: No      |
| BETONY CLO 2 LTD 2018-1A                             | BETONY CLO 2, LTD. BTNY2 2018 1A A1 144A              | CUSIP: 08763QAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    731354 | PA      | $732414.24    | 0.06%             | 2031-04-30      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 866888 FN 01/36 FLOATING VAR                | CUSIP: 31409CCZ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     37068 | PA      | $37598.25     | 0.00%             | 2036-01-01      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 576836 FN 02/41 FLOATING VAR                | CUSIP: 31386XY91<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       107 | PA      | $106.87       | 0.00%             | 2041-02-01      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 02/44 3.625                           | CUSIP: 912810RE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  32300000 | PA      | $27663183.51  | 2.44%             | 2044-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2006-15                                   | FANNIE MAE FNR 2006 15 FC                             | CUSIP: 31395BVE0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     39423 | PA      | $38863.09     | 0.00%             | 2036-03-25      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE CLO 2022-1 LTD                         | PALMER SQUARE CLO LTD PLMRS 2022 1A A 144A            | CUSIP: 69689QAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001758.13   | 0.09%             | 2035-04-20      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL AE8748 FN 12/40 FIXED 4                     | CUSIP: 31419KWJ0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     48248 | PA      | $46691.31     | 0.00%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 11/44 3                               | CUSIP: 912810RJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 213100000 | PA      | $164161917.44 | 14.48%            | 2044-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DEWOLF PARK CLO LTD 2017-1A                          | DEWOLF PARK CLO, LTD DWOLF 2017 1A AR 144A            | CUSIP: 25211AAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    760169 | PA      | $761275.37    | 0.07%             | 2030-10-15      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                 | GNMA II POOL 080592 G2 04/32 FLOATING VAR             | CUSIP: 36225CUS3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      2336 | PA      | $2335.03      | 0.00%             | 2032-04-20      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| DIAMETER CAPITAL CLO 4 LTD                           | DIAMETER CAPITAL CLO DCLO 2022 4A A1R 144A            | CUSIP: 25255NAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2700000 | PA      | $2712355.47   | 0.24%             | 2037-01-15      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| KKR CLO 28 LTD 28A                                   | KKR FINANCIAL CLO LTD KKR 28A AR 144A                 | CUSIP: 48253WAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1701249.77   | 0.15%             | 2035-02-09      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| SECURITIZED ASSET BACKED RECEIVABLES LLC 2006-WM4    | SECURITIZED ASSET BACKED RECEI SABR 2006 WM4 A2A      | CUSIP: 81377XAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    437717 | PA      | $121711.25    | 0.01%             | 2036-11-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 07/25 0.25                            | CUSIP: 91282CAB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21754000 | PA      | $21680820.85  | 1.91%             | 2025-07-31      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR3                           | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR3 A1A      | CUSIP: 92925CDA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    711044 | PA      | $649921.87    | 0.06%             | 2046-02-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| HARBORVIEW MORTGAGE LOAN TR 2007-1                   | HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2007 1 2A1A      | CUSIP: 41164MAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    557778 | PA      | $516513.00    | 0.05%             | 2037-03-19      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                | FED HM LN PC POOL 789084 FH 02/32 FLOATING VAR        | CUSIP: 31295NCV8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       402 | PA      | $409.94       | 0.00%             | 2032-02-01      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2006-OA19              | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 OA19 A1     | CUSIP: 12668RAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2127364 | PA      | $1708930.25   | 0.15%             | 2047-02-20      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| MAGNETITE CLO LTD 2020-25A                           | MAGNETITE CLO LTD MAGNE 2020 25A A 144A               | CUSIP: 55955GAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    638679 | PA      | $639644.92    | 0.06%             | 2032-01-25      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| FANNIEMAE WHOLE LOAN 2003-W9                         | FANNIEMAE WHOLE LOAN FNW 2003 W9 A                    | CUSIP: 31393B6U4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     51876 | PA      | $49695.25     | 0.00%             | 2033-06-25      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE ACQ CORP 2005-RM1                 | JP MORGAN MORTGAGE ACQUISITION JPMAC 2006 RM1 A2      | CUSIP: 46629NAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24843 | PA      | $10949.37     | 0.00%             | 2036-08-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL AH6225 FN 03/41 FIXED 4                     | CUSIP: 3138A74K1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     48588 | PA      | $46683.75     | 0.00%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                 | GNMA II POOL 008682 G2 08/25 FLOATING VAR             | CUSIP: 36202KUF0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        29 | PA      | $29.23        | 0.00%             | 2025-08-20      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                | FED HM LN PC POOL 789433 FH 05/32 FLOATING VAR        | CUSIP: 31295NPS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      3104 | PA      | $3159.37      | 0.00%             | 2032-05-01      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 08/44 4.125                           | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7500000 | PA      | $6873339.83   | 0.61%             | 2044-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 02/52 2.25                            | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    600000 | PA      | $366679.69    | 0.03%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 563479 FN 11/30 FLOATING VAR                | CUSIP: 31386G6Q1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       108 | PA      | $108.80       | 0.00%             | 2030-11-01      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY IXIS RE CAP TR 2006-2                 | MORGAN STANLEY IXIS REAL ESTAT MSIX 2006 2 A1         | CUSIP: 617463AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     29074 | PA      | $9356.69      | 0.00%             | 2036-11-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| TRINITAS CLO XII LTD                                 | TRINITAS CLO LTD TRNTS 2020 12A A1R 144A              | CUSIP: 89641GAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1752384.53   | 0.15%             | 2033-04-25      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS INC 2005-QO2              | RESIDENTIAL ACCREDIT LOANS, IN RALI 2005 QO2 A1       | CUSIP: 761118HU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    137499 | PA      | $116997.20    | 0.01%             | 2045-09-25      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 516801 FN 12/29 FLOATING VAR                | CUSIP: 31383YDE4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      2961 | PA      | $2970.52      | 0.00%             | 2029-12-01      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 555847 FN 09/33 FLOATING VAR                | CUSIP: 31385XP84<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        58 | PA      | $58.10        | 0.00%             | 2033-09-01      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                 | FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE               | CUSIP: 01F040685<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        | -17000000 | PA      | $-15806019.96 | -1.39%            | 2054-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                 | GNMA II POOL 008684 G2 08/25 FLOATING VAR             | CUSIP: 36202KUH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        16 | PA      | $16.47        | 0.00%             | 2025-08-20      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 844532 FN 11/35 FLOATING VAR                | CUSIP: 31407YHH5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     46690 | PA      | $47592.73     | 0.00%             | 2035-11-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 1935                                     | FREDDIE MAC FHR 1935 FJ                               | CUSIP: 3133T8Z67<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       239 | PA      | $239.28       | 0.00%             | 2027-02-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                 | GNMA II POOL 080058 G2 04/27 FLOATING VAR             | CUSIP: 36225CB47<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       718 | PA      | $718.27       | 0.00%             | 2027-04-20      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| SALOMON BROTHERS MTGE SEC VII 2002-WMC1              | SALOMON BROTHERS MORTGAGE SECU SBM7 2002 WMC1 M1      | CUSIP: 79549AKF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24589 | PA      | $24506.30     | 0.00%             | 2032-01-25      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2004-25                       | COUNTRYWIDE HOME LOANS CWHL 2004 25 1A1               | CUSIP: 12669GJY8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    255430 | PA      | $240623.99    | 0.02%             | 2035-02-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET MTGE PROD INC 2004-SL2             | RESIDENTIAL ASSET MORTGAGE PRO RAMP 2004 SL2 A4       | CUSIP: 7609856D8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    123799 | PA      | $116752.31    | 0.01%             | 2031-10-25      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE WHOLE LOAN 2002 W11                       | FANNIEMAE WHOLE LOAN FNW 2002 W11 AV1                 | CUSIP: 31392EW63<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       195 | PA      | $190.82       | 0.00%             | 2032-11-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 930770 FN 03/29 FIXED 4.5                   | CUSIP: 31412PCF6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      4802 | PA      | $4802.76      | 0.00%             | 2029-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GE-WMC MORTGAGE SECURITIES LLC 2006-1                | GE WMC MORTGAGE SECURITIES LLC GEWMC 2006 1 A2A       | CUSIP: 36829JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     37938 | PA      | $16034.40     | 0.00%             | 2036-08-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR4                           | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR4 2A1A     | CUSIP: 93934FPT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    202200 | PA      | $168761.72    | 0.01%             | 2046-05-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES CLO LTD 2014-5      | CARLYLE GLOBAL MARKET STRATEGI CGMS 2014 5A A1RR 144A | CUSIP: 14311AAS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1980076 | PA      | $1984893.60   | 0.18%             | 2031-07-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | REVERSE REPO DEUTSCHE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -44265375 | PA      | $-44298057.60 | -3.91%            |  |  |  | No            |                  2 | On Loan: No      |
| CS FIRST BOSTON MTGE SEC CORP 2001-HE17              | CREDIT SUISSE FIRST BOSTON MOR CSFB 2001 HE17 A1      | CUSIP: 22540A7A0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19152 | PA      | $18763.36     | 0.00%             | 2032-01-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 257202 FN 04/28 FIXED 4.5                   | CUSIP: 31371NU37<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        74 | PA      | $73.31        | 0.00%             | 2028-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TIAA CLO III LTD 2017-2A                             | TEACHERS INSURANCE AND ANNUITY TIA 2017 2A A 144A     | CUSIP: 87272HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     96105 | PA      | $96230.44     | 0.01%             | 2031-01-16      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 05/43 2.875                           | CUSIP: 912810RB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10960000 | PA      | $8450759.40   | 0.75%             | 2043-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| APIDOS CLO XX 2015-20A                               | APIDOS CLO LTD APID 2015 20A A1RA 144A                | CUSIP: 03765LAP7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1189100 | PA      | $1190782.34   | 0.11%             | 2031-07-16      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| SMALL BUSINESS ADMIN PART CERT 2005-20I              | SMALL BUSINESS ADMINISTRATION SBAP 2005 20I 1         | CUSIP: 83162CPU1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    121756 | PA      | $121426.19    | 0.01%             | 2025-09-01      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2005-11                       | COUNTRYWIDE HOME LOANS CWHL 2005 11 3A1               | CUSIP: 12669GUM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    167436 | PA      | $132006.28    | 0.01%             | 2035-04-25      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                 | FNMA POOL 844214 FN 11/35 FLOATING VAR                | CUSIP: 31407X3X7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     45195 | PA      | $45949.44     | 0.00%             | 2035-11-01      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| FANNIEMAE GRANTOR TRUST 2002-T7                      | FANNIEMAE GRANTOR TRUST FNGT 2002 T7 A1               | CUSIP: 31392DQH8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     41378 | PA      | $41160.40     | 0.00%             | 2032-07-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| BENEFIT STREET PARTNERS CLO IV LTD 2014-IVA          | BENEFIT STREET PARTNERS CLO LT BSP 2014 IVA AR4 144A  | CUSIP: 08180FBU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1800000 | PA      | $1802796.93   | 0.16%             | 2034-04-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR19                          | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR19 1A1A    | CUSIP: 933638AB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    295828 | PA      | $280612.55    | 0.02%             | 2047-01-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| BLUEMOUNTAIN CLO LTD 2018-3A                         | BLUEMOUNTAIN CLO LTD BLUEM 2018 3A A1R 144A           | CUSIP: 09630AAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    848741 | PA      | $849352.50    | 0.07%             | 2030-10-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2007-A1                     | JP MORGAN MORTGAGE TRUST JPMMT 2007 A1 3A3            | CUSIP: 46630GAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    129811 | PA      | $124491.81    | 0.01%             | 2035-07-25      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | REVERSE REPO MORGAN STANLEY                           | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -15837692 | PA      | $-15839671.59 | -1.40%            |  |  |  | No            |                  2 | On Loan: No      |
| CS FIRST BOSTON MTGE SEC CORP 2002-AR21              | CREDIT SUISSE FIRST BOSTON MOR CSFB 2002 AR21 1A1     | CUSIP: 22540V4R0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       984 | PA      | $823.11       | 0.00%             | 2032-06-25      | Floating      | 0.10%                 | No            |                  2 | On Loan: No      |
| SYMPHONY CLO XXIV LTD 2020-24A                       | SYMPHONY CLO LTD SYMP 2020 24A AR 144A                | CUSIP: 87167QAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    797877 | PA      | $798485.68    | 0.07%             | 2032-01-23      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | RFR USD SOFR/3.58060 09/02/25-4Y* LCH                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-3449604.80  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | CDX IG40 5Y ICE                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |         1 | NC      | $241385.34    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2005-AR15                          | WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR15 A1A1    | CUSIP: 92922F5T1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    426009 | PA      | $409829.35    | 0.04%             | 2045-11-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| VENTURE XIX CLO LTD 2014-19A                         | VENTURE CDO LTD VENTR 2014 19A ARR 144A               | CUSIP: 92330EAP2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1217581 | PA      | $1218908.54   | 0.11%             | 2032-01-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 05/28 2.875                           | CUSIP: 9128284N7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9680000 | PA      | $9465603.10   | 0.84%             | 2028-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | RFR USD SOFR/3.85700 09/01/23-7Y* LCH                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $2535679.93   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | RFR USD SOFR/3.50000 12/18/24-30Y CME                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $5099091.82   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | US ULTRA BOND CBT SEP25 XCBT 20250919                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      -315 | NC      | $-1286503.95  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2007-HE6                | MORGAN STANLEY CAPITAL INC MSAC 2007 HE6 A1           | CUSIP: 61755CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    122640 | PA      | $110591.06    | 0.01%             | 2037-05-25      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| KKR CLO LTD 21                                       | KKR FINANCIAL CLO LTD KKR 21 A 144A                   | CUSIP: 48252KAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    341520 | PA      | $341895.30    | 0.03%             | 2031-04-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 08/49 2.25                            | CUSIP: 912810SJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  50320000 | PA      | $31581697.00  | 2.79%             | 2049-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                 | GNMA II POOL 008675 G2 08/25 FLOATING VAR             | CUSIP: 36202KT88<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        54 | PA      | $53.55        | 0.00%             | 2025-08-20      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL MSC MTG CTFS 2003-AR2              | WASHINGTON MUTUAL MSC MORTGAGE WAMMS 2003 AR2 1A2     | CUSIP: 939336D59<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     29801 | PA      | $30425.23     | 0.00%             | 2033-05-25      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL FUNDING MTG SEC I 2003-S9                | RESIDENTIAL FUNDING MTG SEC I RFMSI 2003 S9 A1        | CUSIP: 76111JZ72<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7030 | PA      | $7103.74      | 0.00%             | 2032-03-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NEW CENTURY HOME EQUITY LOAN TR 2006-1               | NEW CENTURY HOME EQUITY LOAN T NCHET 2006 1 A2B       | CUSIP: 64352VQR5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107479 | PA      | $107903.82    | 0.01%             | 2036-05-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2006-2CB               | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 2CB A14     | CUSIP: 12668BLY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    807262 | PA      | $333323.82    | 0.03%             | 2036-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HSI ASSET SEC CORP TRUST 2006-HE1                    | HSI ASSET SECURITIZATION CORPO HASC 2006 HE1 2A1      | CUSIP: 44328AAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     88621 | PA      | $30013.04     | 0.00%             | 2036-10-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | RFR USD SOFR/1.75000 12/21/22-30Y CME                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $20329914.24  | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                 | GNMA II POOL 008814 G2 02/26 FLOATING VAR             | CUSIP: 36202KYK5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       306 | PA      | $305.23       | 0.00%             | 2026-02-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| SECURITIZED ASSET BACKED RECEIVABLES LLC 2007-HE1    | SECURITIZED ASSET BACKED RECEI SABR 2007 HE1 A2A      | CUSIP: 81377JAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1396475 | PA      | $300470.94    | 0.03%             | 2036-12-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                   | US TREASURY N/B 11/50 1.625                           | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 214700000 | PA      | $113178770.07 | 9.98%             | 2050-11-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| DRYDEN SENIOR LOAN FUND 2015-37A                     | DRYDEN SENIOR LOAN FUND DRSLF 2015 37A AR 144A        | CUSIP: 26249MAN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1491228 | PA      | $1492556.04   | 0.13%             | 2031-01-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| FHLMC STRUCTURED PASS THRU SEC T-34                  | FHLMC STRUCTURED PASS THROUGH FSPC T 34 A1V           | CUSIP: 3133985T2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    161834 | PA      | $160306.76    | 0.01%             | 2031-07-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TR 2006-OA3             | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 OA3 1A1     | CUSIP: 12668BB44<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24963 | PA      | $21378.31     | 0.00%             | 2036-05-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| FANNIEMAE GRANTOR TRUST 2001-T13                     | FANNIEMAE GRANTOR TRUST FNGT 2001 T13 A1              | CUSIP: 31392A5E4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    113792 | PA      | $109462.74    | 0.01%             | 2032-03-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2006-118                                  | FANNIE MAE FNR 2006 118 A2                            | CUSIP: 31396L4T4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     80311 | PA      | $78943.01     | 0.01%             | 2036-12-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-19

**Name of Applicant:** PIMCO Funds

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer