# EDGAR Filing Document

**Accession Number:** 0001756908
**File Stem:** 0001099263-26-007345
**Filing Date:** 2026-5
**Character Count:** 342739
**Document Hash:** 7b5d0c4d1d9238f1962d20bd62fbaf20
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-007345.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001099263-26-007345

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO Dynamic Income Strategy Fund
- **CENTRAL INDEX KEY:** 0001756908

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23390
- **FILM NUMBER:** 261043720

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIMCO Energy & Tactical Credit Opportunities Fund
- **DATE OF NAME CHANGE:** 20181024

## Nport-Ex

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Strategy Fund March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 116.9% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 16.0%**  |  |  |
| **Aligned Data Centers International LP**<br>7.223% due 12/18/2029 «~ | $8000 | $8052 |
| **Altice France SA**  |  |  |
| 8.891% (EUR003M + 6.875%) due 05/30/2031 ~ | 76 | 88 |
| 10.547% (TSFR3M + 6.875%) due 05/31/2031 ~ | $455 | 456 |
| **Apro LLC**<br>7.426% (TSFR1M + 3.750%) due 07/09/2031 ~ | 4923 | 4944 |
| **Aspire Bakeries Holdings LLC**  |  |  |
| TBD% (TSFR1M + 3.000%) due 12/23/2030 «~ | 990 | 993 |
| **BDO USA PC**  |  |  |
| 8.166% (TSFR3M + 4.500%) due 08/31/2028 «~ | 340 | 336 |
| 8.640% (TSFR3M + 5.000%) due 08/31/2028 «~ | 4422 | 4416 |
| **Comexposium**  |  |  |
| TBD% (EUR012M + 0.000%) due 07/10/2031 «~ | 1025 | 1445 |
| TBD% - 1.138% (EUR012M + 0.000%) due 10/16/2031 «~ | 565 | 796 |
| **Coreweave Compute Acquisition Co. IV LLC**<br>9.669% - 9.700% (TSFR3M + 6.000%) due 05/16/2029 «~ | $3144 | 3240 |
| **Cotiviti Corp.**<br>6.418% (TSFR1M + 2.750%) due 05/01/2031 ~ | 2940 | 2716 |
| **Crescent Midstream Operating LLC**<br>7.416% due 02/18/2033 ~ | 100 | 101 |
| **Databricks, Inc.**  |  |  |
| 1.000% due 01/05/2032 ~µ | 1069 | 1064 |
| 8.171% (TSFR1M + 4.500%) due 01/05/2032 ~ | 4831 | 4807 |
| **Dun & Bradstreet Corp.**  |  |  |
| 0.500% - 5.500% due 08/26/2032 «~µ | 227 | 227 |
| 0.500% - 5.500% (TSFR1M + 5.500%) due 08/26/2032 «~ | 2267 | 2223 |
| **Galaxy U.S. Opco, Inc.**<br>12.667% (TSFR3M + 5.250%) due 07/31/2030 ~ | 2040 | 1770 |
| **Gateway Casinos & Entertainment Ltd.**<br>9.936% (TSFR3M + 6.250%) due 12/18/2030 ~ | 2619 | 2626 |
| **GFL Environmental, Inc.**<br>6.166% (TSFR3M + 2.500%) due 03/03/2032 ~ | 2687 | 2690 |
| **Golden State Food LLC**<br>7.200% (TSFR3M + 3.500%) due 12/04/2031 ~ | 3950 | 3960 |
| **Harbor Freight Tools USA, Inc.**<br>5.918% (TSFR1M + 2.250%) due 06/11/2031 ~ | 3200 | 3172 |
| **Harp Finco Ltd.**<br>8.727% due 03/27/2032 «~ | 3865 | 5153 |
| **Illuminate Buyer LLC**<br>6.168% (TSFR1M + 2.500%) due 12/31/2029 ~ | $3259 | 3240 |
| **Ineos U.S. Finance LLC**  |  |  |
| 6.668% (TSFR1M + 3.000%) due 02/07/2031 ~ | 344 | 297 |
| 6.918% (TSFR1M + 3.250%) due 02/18/2030 ~ | 2832 | 2484 |
| **Iridium Satellite LLC**<br>5.918% (TSFR1M + 2.250%) due 09/20/2030 ~ | 4500 | 4412 |
| **ITT Holdings LLC**  |  |  |
| TBD% (TSFR1M + 1.975%) due 10/11/2030 ~ | 968 | 966 |
| **Lakeshore Intermediate LLC**<br>7.461% (TSFR3M + 3.500%) due 09/29/2028 ~ | 3580 | 2855 |
| **LC AHAB U.S. Bidco LLC**<br>6.168% (TSFR1M + 2.500%) due 05/01/2031 ~ | 7895 | 7831 |
| **LifePoint Health, Inc.**<br>7.422% (TSFR3M + 3.750%) due 05/19/2031 ~ | 6583 | 6593 |
| **MI Windows & Doors LLC**<br>6.418% (TSFR1M + 2.750%) due 03/28/2031 ~ | 2456 | 2271 |
| **Newfold Digital Holdings Group, Inc.**  |  |  |
| 7.269% - 9.442% (TSFR1M + 3.500%) due 04/30/2029 ~ | 1850 | 1224 |
| 7.269% - 9.442% (TSFR3M + 5.750%) due 04/30/2029 «~ | 283 | 215 |
| **Nscale AS**<br>TBD% - 8.700% (TSFR3M + 5.000%) due 08/11/2032 «~µ | 3000 | 3000 |
| **Ontario Gaming GTA LP**<br>7.950% (TSFR3M + 4.250%) due 08/01/2030 ~ | 1496 | 1406 |
| **Paradigm Parent LLC**<br>8.200% (TSFR3M + 4.500%) due 04/16/2032 ~ | 1095 | 908 |
| **Pelican Pipeline LLC**<br>TBD% due 03/25/2033 « | 2300 | 2304 |
| **Peraton Corp.**<br>7.517% (TSFR3M + 3.750%) due 02/01/2028 ~ | 2738 | 2343 |
| **Phoenix Guarantor, Inc.**<br>6.168% (TSFR1M + 2.500%) due 02/21/2031 ~ | 3930 | 3936 |
| **Poseidon Bidco SASU**<br>7.504% (EUR006M + 5.000%) due 03/13/2030 ~ | 4700 | 1630 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Strategy Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Promotora de Informaciones SA**<br>7.499% (EUR003M + 5.470%) due 12/31/2029 «~ | 3198 | 3613 |
| **QuidelOrtho Corp.**<br>7.668% (TSFR1M + 4.000%) due 08/20/2032 ~ | $3383 | 3383 |
| **RealTruck Group, Inc.**<br>8.934% (TSFR3M + 5.000%) due 01/31/2028 ~ | 3275 | 2273 |
| **Resilience Parent LLC**<br>6.100% (TSFR6M + 2.500%) due 02/28/2033 ~ | 3000 | 2988 |
| **Salas O'brien, Inc.**  |  |  |
| TBD% due 01/31/2033 «~µ | 331 | 331 |
| TBD% (TSFR1M + 2.750%) due 01/31/2033 «~ | 2569 | 2569 |
| **SCUR-Alpha 1503 GmbH**<br>9.167% (TSFR3M + 5.500%) due 03/29/2030 ~ | 1965 | 1729 |
| **Softbank Vision Fund II**<br>7.350% (TSFR3M + 3.650%) due 04/25/2029 «~ | 913 | 928 |
| **Spruce Bidco II, Inc.**  |  |  |
| 0.500% - 8.371% (TSFR6M + 4.750%) due 01/30/2032 «~µ | 458 | 457 |
| 0.500% - 8.371% (JY0003M + 5.000%) due 01/30/2032 «~ | 39167 | 245 |
| 0.500% - 8.371% (CDOR06 + 4.750%) due 01/30/2032 «~ | 365 | 261 |
| 0.500% - 8.371% (TSFR6M + 4.750%) due 01/30/2032 «~ | $2018 | 2002 |
| **Star Parent, Inc.**<br>7.700% (TSFR3M + 4.000%) due 09/27/2030 ~ | 4912 | 4864 |
| **Steenbok Lux Finco 2 SARL**<br>1TBD% due 12/31/2028 ~ | 8599 | 3046 |
| **Stonepeak Nile Parent LLC**<br>5.917% (TSFR3M + 2.250%) due 04/09/2032 ~ | $2095 | 2094 |
| **Subcalidora 2**<br>7.877% (EUR003M + 5.750%) due 08/14/2029 «~ | 3338 | 3771 |
| **Syniverse Holdings, Inc.**<br>10.700% (TSFR3M + 7.000%) due 05/13/2027 «~ | $5479 | 5075 |
| **Tidal Waste & Recycling Holdings LLC**<br>6.450% (TSFR3M + 2.750%) due 10/24/2031 ~ | 2871 | 2878 |
| **Truist Insurance Holdings LLC**<br>6.450% (TSFR3M + 2.750%) due 05/06/2031 ~ | 3700 | 3657 |
| **U.S. Renal Care, Inc.**<br>8.782% (TSFR1M + 5.000%) due 06/28/2028 ~ | 7389 | 6979 |
| **Unicorn Bay**<br>13.000% due 12/31/2026 «~ | 20863 | 2694 |
| **Varsity Brands, Inc.**<br>6.450% (TSFR3M + 2.750%) due 08/26/2031 ~ | $6253 | 6234 |
| **VistaJet Malta Finance PLC**<br>7.406% - 7.411% (TSFR3M + 3.750%) due 04/01/2031 ~ | 5940 | 5889 |
| Total Loan Participations and Assignments (Cost $180,657) |  | 171150 |
| **CORPORATE BONDS & NOTES 23.9%**  |  |  |
| **BANKING & FINANCE 3.4%**  |  |  |
| **Antares Holdings LP** <br>6.350% due 10/23/2029 (i) | 3200 | 3169 |
| **Burford Capital Global Finance LLC** <br>9.250% due 07/01/2031 (i) | 3800 | 3434 |
| **Charles River Re Ltd.** <br>11.172% (BNMMDTSC + 7.632%) due 05/10/2031 ~ | 1900 | 1956 |
| **Credit Opportunities Partners LLC** <br>6.740% due 03/20/2030 «(h) | 300 | 295 |
| **FS KKR Capital Corp.** <br>3.125% due 10/12/2028 (i) | 3200 | 2923 |
| **Hudson Pacific Properties LP** <br>5.950% due 02/15/2028 | 2800 | 2659 |
| **Integrity Re Ltd.**  |  |  |
| 20.744% (FHMMUSTF + 17.234%) due 06/08/2026 ~  | 650 | 669 |
| 26.306% (FHMMUSTF + 22.796%) due 06/08/2026 ~  | 650 | 675 |
| **Kona Spc Ltd.** <br>5.718% due 09/15/2026 «•  | 1000 | 1164 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** <br>7.000% due 07/15/2031 (i) | $2800 | 2896 |
| **New Immo Holding SA** <br>5.875% due 04/17/2028 | 1700 | 1971 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (f) | $7598 | 5950 |
| **Sixth Street Lending Partners** <br>6.125% due 07/15/2030 (i) | 3300 | 3283 |
| **Starwood Property Trust, Inc.** <br>7.250% due 04/01/2029 (i) | 2700 | 2783 |
| **Thames Ssnm Unfunded Comm** <br>9.750% due 10/10/2027 | 530 | 674 |
| **Winston RE Ltd.**  |  |  |
| 13.750% (BNMMDTSC + 10.210%) due 02/26/2031 ~  | $1000 | 1040 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Strategy Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 15.230% (BNMMDTSC + 11.690%) due 02/26/2031 ~  | 1000 | 1044 |
|  |  | 36585 |
| **INDUSTRIALS 15.7%**  |  |  |
| **Advance Auto Parts, Inc.** <br>7.375% due 08/01/2033 | 2900 | 2940 |
| **Altice France SA** <br>6.875% due 07/15/2032 | 505 | 479 |
| **B&G Foods, Inc.** <br>8.000% due 09/15/2028 | 3200 | 3155 |
| **BCP V Modular Services Finance II PLC** <br>6.500% due 07/10/2031 | 1450 | 1434 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 (i) | $13790 | 14189 |
| **BKV Upstream Midstream LLC** <br>7.500% due 10/15/2030 | 3000 | 3034 |
| **CAB SELAS** <br>3.375% due 02/01/2028 | 2900 | 3259 |
| **Carvana Co.** <br>9.000% due 06/01/2031 | $3600 | 3895 |
| **Cerdia Finanz GmbH** <br>9.375% due 10/03/2031 | 2800 | 2787 |
| **Champion Iron Canada, Inc.** <br>7.875% due 07/15/2032 (i) | 6000 | 6237 |
| **Cheplapharm Arzneimittel GmbH**  |  |  |
| 7.125% due 06/15/2031  | 600 | 696 |
| 7.500% due 05/15/2030  | 3000 | 3503 |
| **Chord Energy Corp.**  |  |  |
| 6.000% due 10/01/2030  | $500 | 507 |
| 6.750% due 03/15/2033  | 1400 | 1446 |
| **Clydesdale Acquisition Holdings, Inc.** <br>8.750% due 04/15/2030 (i) | 5100 | 4763 |
| **Columbus McKinnon Corp.** <br>7.125% due 02/01/2033 | 3000 | 3001 |
| **CoreWeave, Inc.** <br>9.000% due 02/01/2031 | 1300 | 1239 |
| **Dcli Bidco LLC** <br>7.750% due 11/15/2029 (i) | 3300 | 3340 |
| **Diamond Foreign Asset Co./Diamond Finance LLC** <br>8.500% due 10/01/2030 | 2970 | 3139 |
| **Diversified Gas & Oil Corp.** <br>9.750% due 04/09/2029 | 2625 | 2644 |
| **Excelerate Energy LP** <br>8.000% due 05/15/2030 (i) | 4500 | 4713 |
| **Flora Food Management BV**  |  |  |
| 6.875% due 07/02/2029  | 4700 | 5106 |
| 7.500% due 10/31/2030  | 700 | 802 |
| **Global Partners LP/GLP Finance Corp.** <br>7.125% due 07/01/2033 | $2000 | 2018 |
| **Gray Media, Inc.**  |  |  |
| 9.625% due 07/15/2032  | 600 | 600 |
| 10.500% due 07/15/2029 (i)  | 2230 | 2371 |
| **Insulet Corp.** <br>6.500% due 04/01/2033 (i) | 4700 | 4801 |
| **JetBlue Airways Corp./JetBlue Loyalty LP** <br>9.875% due 09/20/2031 (i) | 5200 | 4921 |
| **Kodiak Gas Services LLC** <br>5.875% due 04/01/2031 | 100 | 101 |
| **Kraken Oil & Gas Partners LLC** <br>7.625% due 08/15/2029 (i) | 2525 | 2580 |
| **LBM Acquisition LLC** <br>6.250% due 01/15/2029 | 5400 | 3953 |
| **Matador Resources Co.** <br>6.250% due 04/15/2033 (i) | 4000 | 4006 |
| **MPH Acquisition Holdings LLC** <br>5.750% due 12/31/2030 | 3300 | 2528 |
| **National Mentor Holdings, Inc.** <br>10.500% due 12/15/2030 | 2550 | 2634 |
| **NCR Voyix Corp.** <br>5.250% due 10/01/2030 | 3484 | 3301 |
| **Newfold Digital Holdings Group, Inc.** <br>7.269% due 04/30/2029 | 3768 | 2711 |
| **Nexstar Media, Inc.** <br>6.500% due 09/15/2033 | 500 | 504 |
| **OAK-Eagle Acquireco, Inc.** <br>7.250% due 07/01/2033 (c) | 400 | 415 |
| **Olympus Water U.S. Holding Corp.** <br>6.750% due 08/01/2032 | 3300 | 3146 |
| **Ontario Gaming GTA LP/OTG Co-Issuer, Inc.** <br>8.000% due 08/01/2030 | 218 | 209 |
| **Quikrete Holdings, Inc.** <br>6.375% due 03/01/2032 | 2000 | 2029 |
| **Rand Parent LLC** <br>8.500% due 02/15/2030 (i) | 4600 | 4726 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Strategy Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Seadrill Finance Ltd.** <br>8.375% due 08/01/2030 | 4475 | 4631 |
| **SM Energy Co.**  |  |  |
| 7.000% due 08/01/2032 (i)  | 3000 | 3066 |
| 9.625% due 06/15/2033  | 2000 | 2211 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 2286 | 3308 |
| **Transocean International Ltd.**  |  |  |
| 7.875% due 10/15/2032  | $1963 | 2099 |
| 8.250% due 05/15/2029  | 2500 | 2585 |
| **Ubisoft Entertainment SA** <br>0.878% due 11/24/2027 (i) | 800 | 747 |
| **Univision Communications, Inc.** <br>8.500% due 07/31/2031 | $2800 | 2816 |
| **Valaris Ltd.** <br>8.375% due 04/30/2030 (i) | 6650 | 6894 |
| **Vmed O2 U.K. Financing I PLC** <br>7.750% due 04/15/2032 (i) | 8000 | 7678 |
| **Voyager Parent LLC** <br>9.250% due 07/01/2032 | 2500 | 2597 |
| **WBI Operating LLC** <br>6.250% due 10/15/2030 | 2000 | 2013 |
| **Weatherford International Ltd.** <br>6.750% due 10/15/2033 (i) | 3600 | 3681 |
|  |  | 168188 |
| **UTILITIES 4.8%**  |  |  |
| **Altice Holdings 1 SARL** <br>0.000% due 12/31/2099 « | 4 | 52 |
| **Anglian Water Osprey Financing PLC** <br>2.000% due 07/31/2028 (i) | 2300 | 2792 |
| **Anglian Water Services Financing PLC** <br>6.000% due 06/20/2039 (i) | 2100 | 2598 |
| **EnfraGen Energia Sur SA/EnfraGen Spain SA/Prime Energia SpA** <br>5.375% due 12/30/2030 | $3000 | 2735 |
| **EnfraGen Energia Sur SAU/EnfraGen Chile SpA/EnfraGen Spain SAU** <br>8.499% due 06/30/2032 | 2000 | 2021 |
| **Genesis Energy LP/Genesis Energy Finance Corp.** <br>6.750% due 03/15/2034 | 400 | 398 |
| **Mong Duong Finance Holdings BV** <br>5.125% due 05/07/2029 | 1912 | 1882 |
| **Nova Securitisation SARL**  |  |  |
| 5.750% due 02/03/2031  | 1900 | 1841 |
| 6.500% due 02/03/2036  | 700 | 667 |
| **PacifiCorp** <br>7.375% due 09/15/2055 •(i) | 3500 | 3347 |
| **Peru LNG SRL** <br>5.375% due 03/22/2030 | 5534 | 5376 |
| **Sempra**  |  |  |
| 6.375% due 04/01/2056 •(i)  | 2600 | 2612 |
| 6.400% due 10/01/2054 •  | 3100 | 3091 |
| **Sierra Pacific Power Co.** <br>6.200% due 12/15/2055 •  | 3200 | 3115 |
| **SW Finance I PLC**  |  |  |
| 2.375% due 05/28/2028  | 2500 | 3079 |
| 7.375% due 12/12/2041  | 2200 | 2887 |
| **VoltaGrid LLC** <br>7.375% due 11/01/2030 | $2700 | 2790 |
| **WEC Energy Group, Inc.** <br>6.690% due 06/15/2055 «(h) | 8000 | 7919 |
| **Yinson Production Financial Services Pte. Ltd.** <br>9.625% due 05/03/2029 | 2800 | 2929 |
|  |  | 52131 |
| Total Corporate Bonds & Notes (Cost $259,422) |  | 256904 |
| **MUNICIPAL BONDS & NOTES 0.0%**  |  |  |
| **MICHIGAN 0.0%**  |  |  |
| **Detroit, Michigan General Obligation Bonds, Series 2014** <br>4.000% due 04/01/2044 | 497 | 383 |
| Total Municipal Bonds & Notes (Cost $400) |  | 383 |
| **U.S. GOVERNMENT AGENCIES 2.6%**  |  |  |
| **Federal Home Loan Mortgage Corp. Seasoned Credit Risk Transfer Trust**  |  |  |
| 0.000% due 08/25/2056 (b)(f) | 3174 | 517 |
| 0.075% due 08/25/2056 ~(a) | 121069 | 507 |
| 1.560% due 08/25/2056 ~(a) | 31292 | 3782 |
| 2.694% due 05/25/2064 ~ | 10345 | 5168 |
| 3.429% due 05/25/2057 ~ | 4898 | 2109 |
| 3.551% due 10/25/2058 ~ | 17284 | 7873 |
| 4.417% due 08/25/2059 ~ | 12059 | 6427 |
| 4.654% due 02/25/2059 ~ | 2493 | 1046 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Strategy Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.118% due 05/25/2060 ~ | 587 | 342 |
| Total U.S. Government Agencies (Cost $26,221) |  | 27771 |
| **U.S. TREASURY OBLIGATIONS 0.1%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.875% due 08/15/2045  | 499 | 498 |
| **U.S. Treasury Notes**  |  |  |
| 4.250% due 08/15/2035  | 760 | 757 |
| Total U.S. Treasury Obligations (Cost $1,291) |  | 1255 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 9.1%**  |  |  |
| **Angel Oak Mortgage Trust** <br>4.800% due 11/25/2067 þ(i) | 784 | 781 |
| **APS Resecuritization Trust** <br>1.245% due 08/28/2054 ~ | 6487 | 1697 |
| **Bear Stearns ALT-A Trust** <br>4.047% due 08/25/2036 ~ | 1093 | 714 |
| **Benchmark Mortgage Trust**  |  |  |
| 4.077% due 07/15/2051  | 196 | 195 |
| 4.203% due 10/10/2051  | 464 | 462 |
| **BX Commercial Mortgage Trust** <br>6.713% due 01/17/2039 •(i) | 2952 | 2948 |
| **ChaseFlex Trust Multi-Class Mortgage Pass-Through Certificates**  |  |  |
| 4.204% due 08/25/2037 þ  | 1421 | 1209 |
| 4.253% due 08/25/2037 •  | 974 | 812 |
| 4.453% due 08/25/2037 •  | 2226 | 1873 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 3.000% due 09/25/2064 ~  | 1856 | 1834 |
| 3.000% due 09/25/2064 ~(i)  | 16643 | 14858 |
| **City of Port Huron Water Supply System Revenue** <br>7.750% due 11/01/2045 «(h) | 9929 | 9912 |
| **CLNY Trust**  |  |  |
| 5.512% due 11/15/2038 •  | 3115 | 3077 |
| 6.755% due 11/15/2038 •(i)  | 2500 | 2357 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.893% due 02/25/2036 •  | 1401 | 1069 |
| 6.000% due 07/25/2037  | 962 | 547 |
| **CSAB Mortgage-Backed Trust** <br>6.220% due 09/25/2036 þ | 2683 | 715 |
| **CSMC Trust**  |  |  |
| 1.115% due 01/25/2060 ~  | 2328 | 1971 |
| 3.613% due 11/10/2032 ~  | 5200 | 836 |
| **GCAT Trust** <br>4.250% due 05/25/2067 ~(i) | 804 | 759 |
| **GS Mortgage Securities Corp. Trust** <br>4.920% due 07/15/2035 •  | 998 | 659 |
| **GS Mortgage-Backed Securities Trust** <br>3.750% due 10/25/2057 (i) | 1752 | 1721 |
| **HarborView Mortgage Loan Trust** <br>4.311% due 03/19/2036 •(i) | 18808 | 12075 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 4.519% due 04/15/2037 •  | 939 | 930 |
| 5.320% due 11/15/2035 •  | 5000 | 3794 |
| 5.670% due 11/15/2035 •  | 5000 | 2849 |
| 6.970% due 02/15/2035 •(i)  | 987 | 944 |
| **Lehman XS Trust** <br>4.593% due 09/25/2047 •  | 1716 | 1560 |
| **MASTR Adjustable Rate Mortgages Trust**  |  |  |
| 4.659% due 12/25/2046 •  | 4467 | 3475 |
| 4.893% due 09/25/2037 •  | 732 | 279 |
| **MFA Trust** <br>6.105% due 12/25/2068 þ(i) | 536 | 539 |
| **Mill City Mortgage Loan Trust**  |  |  |
| 3.250% due 08/25/2059 ~(i)  | 2850 | 2458 |
| 3.750% due 05/25/2058 ~(i)  | 2595 | 2300 |
| **Morgan Stanley Mortgage Loan Trust** <br>6.731% due 08/25/2036 þ | 2533 | 407 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust** <br>7.010% due 08/25/2036 þ | 7786 | 1982 |
| **OBX Trust** <br>6.465% due 10/25/2063 þ(i) | 527 | 531 |
| **PRKCM Trust** <br>7.225% due 11/25/2058 þ(i) | 513 | 518 |
| **PRPM LLC** <br>4.000% due 11/25/2053 þ(i) | 310 | 306 |
| **PRPM Trust** <br>6.221% due 11/25/2068 þ(i) | 584 | 588 |
| **RALI Trust**  |  |  |
| 6.000% due 09/25/2036  | 2115 | 1722 |
| 6.500% due 11/25/2036  | 3955 | 3297 |
| **Residential Asset Securitization Trust**  |  |  |
| 5.500% due 09/25/2035  | 5284 | 2166 |
| 6.000% due 04/25/2036  | 998 | 421 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Strategy Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Seasoned Credit Risk Transfer Trust** <br>5.000% due 06/25/2065 ~ | 500 | 423 |
| **SMRT Commercial Mortgage Trust** <br>4.673% due 01/15/2039 •(i) | 500 | 500 |
| **Towd Point Mortgage Trust** <br>3.000% due 06/25/2058 ~(i) | 1460 | 1384 |
| **Verus Securitization Trust**  |  |  |
| 6.259% due 12/25/2068 þ(i)  | 445 | 448 |
| 6.876% due 11/25/2068 ~(i)  | 612 | 617 |
| Total Non-Agency Mortgage-Backed Securities (Cost $102,036) |  | 97519 |
| **ASSET-BACKED SECURITIES 25.5%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.1%**  |  |  |
| **FHF Trust** <br>7.050% due 01/15/2030 | 500 | 500 |
| **CMBS OTHER 1.0%**  |  |  |
| **BDS LLC** <br>4.959% due 10/17/2042 •  | 500 | 499 |
| **MF1 LLC**  |  |  |
| 5.000% due 02/18/2040 •  | 500 | 499 |
| 5.410% due 03/19/2039 •(i)  | 9000 | 9004 |
| **PFP Ltd.** <br>5.501% due 09/17/2039 •(i) | 218 | 218 |
|  |  | 10220 |
| **HOME EQUITY OTHER 21.4%**  |  |  |
| **Aames Mortgage Investment Trust** <br>6.493% due 01/25/2035 •(i) | 3500 | 2853 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.093% due 07/25/2037 •  | 2034 | 625 |
| 4.193% due 12/25/2036 •(i)  | 17012 | 4243 |
| 4.553% due 03/25/2037 •  | 1496 | 611 |
| **Bear Stearns Asset-Backed Securities I Trust**  |  |  |
| 4.198% due 01/25/2037 •(i)  | 22798 | 22240 |
| 4.303% due 10/25/2036 •(i)  | 3264 | 3191 |
| 4.558% due 09/25/2035 •(i)  | 17007 | 16709 |
| **Centex Home Equity Loan Trust**  |  |  |
| 4.348% due 06/25/2036 •(i)  | 17000 | 15501 |
| 4.723% due 09/25/2034 •  | 387 | 383 |
| **CIT Mortgage Loan Trust** <br>5.543% due 10/25/2037 •(i) | 56686 | 56551 |
| **Citigroup Mortgage Loan Trust Asset-Backed Pass-Through Certificates** <br>5.413% due 10/25/2034 •  | 1894 | 1546 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>3.993% due 12/25/2036 •  | 2447 | 1711 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 3.370% due 04/25/2036 •(i)  | 7200 | 6130 |
| 5.993% due 02/25/2036 þ  | 480 | 465 |
| **GSAA Home Equity Trust**  |  |  |
| 3.873% due 03/25/2037 •  | 8371 | 1452 |
| 3.972% due 03/25/2036 ~(i)  | 4699 | 2787 |
| 4.153% due 12/25/2046 •(i)  | 12358 | 3482 |
| 4.253% due 12/25/2046 •  | 2111 | 807 |
| 4.273% due 10/25/2036 •(i)  | 12318 | 3763 |
| **GSAA Trust**  |  |  |
| 4.413% due 12/25/2035 •(i)  | 3829 | 3775 |
| 4.513% due 12/25/2035 •  | 734 | 660 |
| **GSAMP Trust**  |  |  |
| 4.113% due 04/25/2036 •(i)  | 12508 | 9438 |
| 4.363% due 02/25/2036 •(i)  | 9045 | 9628 |
| **Home Equity Asset Trust** <br>4.273% due 08/25/2036 •(i) | 3403 | 3489 |
| **HSI Asset Securitization Corp. Trust** <br>3.993% due 04/25/2037 •  | 102 | 65 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 4.053% due 12/25/2036 •(i)  | 4990 | 3172 |
| 4.153% due 08/25/2036 •  | 3325 | 2186 |
| 5.188% due 07/25/2036 •(i)  | 5000 | 4452 |
| 6.037% due 10/25/2036 þ  | 1893 | 1116 |
| 6.080% due 08/25/2036 þ  | 1121 | 652 |
| **Long Beach Mortgage Loan Trust** <br>4.293% due 07/25/2036 •  | 1605 | 657 |
| **Merrill Lynch First Franklin Mortgage Loan Trust** <br>4.053% due 06/25/2037 •  | 1390 | 1391 |
| **Merrill Lynch Mortgage Investors Trust** <br>5.668% due 04/25/2035 •(i) | 1043 | 1056 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.913% due 09/25/2036 •  | 764 | 263 |
| 5.668% due 11/25/2034 •  | 1741 | 1538 |
| **New Century Home Equity Loan Trust** <br>4.873% due 01/25/2034 •  | 353 | 359 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Strategy Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **NovaStar Mortgage Funding Trust** <br>4.293% due 09/25/2036 •  |  | 4519 | 1743 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.753% due 08/25/2035 •(i) |  | 5619 | 5010 |
| **Popular ABS Mortgage Pass-Through Trust** <br>4.073% due 01/25/2037 •(i) |  | 11355 | 10161 |
| **Renaissance Home Equity Loan Trust** <br>4.553% due 05/25/2034 •  |  | 1154 | 1066 |
| **Residential Asset Securities Corporation Trust**  |  |  |  |
| 4.588% due 02/25/2036 •(i)  |  | 4100 | 3436 |
| 4.918% due 07/25/2035 •  |  | 1750 | 1758 |
| **Saxon Asset Securities Trust** <br>3.973% due 05/25/2037 •  |  | 477 | 355 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |  |
| 2.801% due 01/25/2036 þ  |  | 18 | 15 |
| 4.233% due 04/25/2037 •  |  | 1442 | 983 |
| **Soundview Home Loan Trust**  |  |  |  |
| 3.973% due 08/25/2037 •  |  | 1032 | 1022 |
| 4.273% due 11/25/2036 •  |  | 7080 | 1872 |
| 4.293% due 11/25/2036 •  |  | 233 | 224 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |  |
| 4.468% due 04/25/2035 •  |  | 92 | 94 |
| 4.498% due 02/25/2035 •  |  | 1083 | 1036 |
| 5.593% due 05/25/2035 •  |  | 1004 | 872 |
| 6.043% due 04/25/2031 •(i)  |  | 2772 | 2904 |
| 7.168% due 11/25/2035 •(i)  |  | 7389 | 6648 |
| **Wells Fargo Home Equity Asset-Backed Securities Trust** <br>8.293% due 10/25/2034 •  |  | 1569 | 1660 |
|  |  |  | 229806 |
| **WHOLE LOAN COLLATERAL 1.6%**  |  |  |  |
| **First Franklin Mortgage Loan Trust**  |  |  |  |
| 4.033% due 10/25/2036 •(i)  |  | 10723 | 6861 |
| 4.273% due 05/25/2036 •  |  | 1500 | 1337 |
| 6.118% due 05/25/2034 •  |  | 199 | 182 |
| **Residential Asset Mortgage Products Trust** <br>4.393% due 03/25/2036 •  |  | 219 | 218 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.173% due 11/25/2036 •  |  | 19797 | 8902 |
|  |  |  | 17500 |
| **OTHER ABS 1.4%**  |  |  |  |
| **ABSLT DE LLC** <br>12.175% due 05/20/2033 « |  | 2900 | 2852 |
| **Apex Credit CLO LLC** <br>0.000% due 10/20/2034 ~ |  | 5100 | 1656 |
| **College Avenue Student Loans Trust**  |  |  |  |
| 0.000% due 06/25/2054 «(f)  |  | 5 | 2740 |
| 6.610% due 06/25/2054  |  | 626 | 649 |
| 8.660% due 06/25/2054  |  | 902 | 953 |
| **Dryden 123 CLO Ltd.**  |  |  |  |
| 0.000% due 04/15/2038 ~  |  | 3000 | 2288 |
| 0.000% due 04/15/2038 «  |  | 3000 | 66 |
| **Residential Asset Mortgage Products Trust** <br>5.951% due 01/25/2034 •(i) |  | 3607 | 3882 |
|  |  |  | 15086 |
| Total Asset-Backed Securities (Cost $270,875) |  |  | 273112 |
| **SOVEREIGN ISSUES 0.6%**  |  |  |  |
| **Avenir Issuer IV Ireland DAC** <br>6.000% due 10/25/2027 |  | 1120 | 1085 |
| **Colombia Government International Bonds** <br>8.000% due 11/14/2035 |  | 1481 | 1554 |
| **Romania Government International Bonds** <br>5.625% due 02/22/2036 (i) | EUR | 2500 | 2776 |
| **Turkiye Government Bonds**  |  |  |  |
| 39.740% (BISTREFI) due 05/20/2026 ~  | TRY | 46200 | 1040 |
| 39.740% (BISTREFI) due 05/17/2028 ~  |  | 4500 | 101 |
| Total Sovereign Issues (Cost $6,817) |  |  | 6556 |
|  |  | SHARES |  |
| **COMMON STOCKS 18.7%**  |  |  |  |
| **COMMUNICATION SERVICES 0.1%**  |  |  |  |
| **SES SA «(d)** |  | 21303 | 319 |
| **ENERGY 18.6%**  |  |  |  |
| **Enbridge, Inc.** |  | 566422 | 30705 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Strategy Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Hess Midstream LP Class A** | 132828 | 5163 |
| **TC Energy Corp.** | 317900 | 19907 |
| **Venture Global, Inc. Class A** | 9138622 | 144025 |
|  |  | 199800 |
| Total Common Stocks (Cost $49,502) |  | 200119 |
| **MASTER LIMITED PARTNERSHIPS 16.4%**  |  |  |
| **ENERGY 16.4%**  |  |  |
| **Energy Transfer LP** | 2652966 | 51202 |
| **Enterprise Products Partners LP** | 1003325 | 37966 |
| **MPLX LP** | 829136 | 47319 |
| **Western Midstream Partners LP** | 443487 | 18258 |
| **Sunoco LP** | 328315 | 21331 |
| Total Master Limited Partnerships (Cost $123,143) |  | 176076 |
| **PREFERRED SECURITIES 3.4%**  |  |  |
| **BANKING & FINANCE 0.6%**  |  |  |
| **WAFC Voussoir** « | 6277217 | 6277 |
| **INDUSTRIALS 2.8%**  |  |  |
| **Mustang Express Ltd.**<br>0.000% « | 29700 | 30331 |
| Total Preferred Securities (Cost $36,468) |  | 36608 |
| **SHORT-TERM INSTRUMENTS 0.6%**  |  |  |
| **MUTUAL FUNDS 0.1%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.720% (g) | 1076626 | 1077 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **U.S. TREASURY BILLS 0.5%**  |  |  |
| 3.694% due 04/21/2026 - 09/24/2026 (e)(f) | $5089 | 5060 |
| Total Short-Term Instruments (Cost $6,137) |  | 6137 |
| Total Investments in Securities (Cost $1,062,969) |  | 1253590 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 13.4%**  |  |  |
| **SHORT-TERM INSTRUMENTS 13.4%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 13.4%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 14747145 | 143622 |
| Total Short-Term Instruments (Cost $143,584) |  | 143622 |
| Total Investments in Affiliates (Cost $143,584) |  | 143622 |
| Total Investments 130.3% (Cost $1,206,553) |  | $1397212 |
| **Financial Derivative Instruments (j)(k) 0.8**%(Cost or Premiums, net $75) |  | 8281 |
| Other Assets and Liabilities, net (31.1)% |  | (332905) |
| Net Assets Applicable to Common Shareholders 100.0% |  | $1072588 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Strategy Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero 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).** |
| **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.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate 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)** | **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.** |
| **(d)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(e)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(f)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(g)** | **Coupon represents a 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 | Coupon | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| City of Port Huron Water Supply System Revenue | City of Port Huron Water Supply System Revenue | 7.750 | 11/01/2045 | 12/19/2025 - 03/18/2026 | 12/19/2025 - 03/18/2026 | $9965 | $9912 | 0.92 |
| Credit Opportunities Partners LLC | Credit Opportunities Partners LLC | 6.740 | 03/20/2030 | 2/20/2025 | 2/20/2025 | 300 | 295 | 0.03 |
| WEC Energy Group, Inc. | WEC Energy Group, Inc. | 6.690 | 06/15/2055 | 12/13/2024 | 12/13/2024 | 8000 | 7919 | 0.74 |
|  |  |  |  |  | $ | 18265 | 18126 | 1.69% |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS 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> | Borrowing Rate<sup>(1)</sup> | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BOS | BOS | 3.490%  | 3.490%  | 03/25/2026 | 06/12/2026 | 06/12/2026 | (1819) | (1820) |
| BPS | BPS | (0.500)  | (0.500)  | 01/26/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (513) | (593) |
| BRC | BRC | 3.580  | 3.580  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (2428) | (2454) |
| BYR | BYR | 3.950  | 3.950  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (3045) | (3082) |
| CEW | CEW | 3.978  | 3.978  | 01/16/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (4082) | (5448) |
|  |  | 4.120  | 4.120  | 02/26/2026 | 05/27/2026 | 05/27/2026 | (13854) | (13908) |
| DBL | DBL | 3.900  | 3.900  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (3468) | (3509) |
|  |  | 4.137  | 4.137  | 03/23/2026 | 06/26/2026 | 06/26/2026 | (449) | (449) |
| IND | IND | 4.110  | 4.110  | 03/17/2026 | 06/16/2026 | 06/16/2026 | (3476) | (3482) |
|  |  | 4.220  | 4.220  | 03/02/2026 | 06/01/2026 | 06/01/2026 | (18093) | (18156) |
|  |  | 4.230  | 4.230  | 03/23/2026 | 05/26/2026 | 05/26/2026 | (286) | (286) |
|  |  | 4.280  | 4.280  | 03/23/2026 | 05/26/2026 | 05/26/2026 | (954) | (956) |
| MBC | MBC | 2.120  | 2.120  | 11/19/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (2449) | (2853) |
| MSB | MSB | 4.580  | 4.580  | 03/31/2026 | 09/30/2026 | 09/30/2026 | (16734) | (16736) |
|  |  | 4.680  | 4.680  | 03/13/2026 | 09/09/2026 | 09/09/2026 | (2235) | (2241) |
|  |  | 4.680  | 4.680  | 03/18/2026 | 07/16/2026 | 07/16/2026 | (2413) | (2418) |
| MSC | MSC | 4.580  | 4.580  | 03/31/2026 | 09/30/2026 | 09/30/2026 | (35727) | (35731) |
|  |  | 4.680  | 4.680  | 10/23/2025 | 04/21/2026 | 04/21/2026 | (13083) | (13366) |
|  |  | 4.680  | 4.680  | 03/13/2026 | 09/09/2026 | 09/09/2026 | (7620) | (7639) |
| RDR | RDR | 4.000  | 4.000  | 01/15/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (8586) | (8659) |
|  |  | 4.100  | 4.100  | 01/15/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (9204) | (9283) |
|  |  | 4.100  | 4.100  | 01/16/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (7808) | (7875) |
|  |  | 4.100  | 4.100  | 02/26/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (2803) | (2813) |
| RTA | RTA | 4.655  | 4.655  | 03/30/2026 | 09/30/2026 | 09/30/2026 | (26758) | (26765) |
|  |  | 4.680  | 4.680  | 02/06/2026 | 08/06/2026 | 08/06/2026 | (17226) | (17348) |
| SOG | SOG | 4.090  | 4.090  | 01/09/2026 | 04/09/2026 | 04/09/2026 | (3244) | (3275) |
|  |  | 4.190  | 4.190  | 01/09/2026 | 04/09/2026 | 04/09/2026 | (13422) | (13551) |
|  |  | 4.210  | 4.210  | 02/05/2026 | 05/06/2026 | 05/06/2026 | (6397) | (6438) |
|  |  | 4.580  | 4.580  | 03/24/2026 | 09/24/2026 | 09/24/2026 | (4497) | (4501) |
|  |  | 4.680  | 4.680  | 01/09/2026 | 07/09/2026 | 07/09/2026 | (19514) | (19723) |
|  |  | 4.680  | 4.680  | 03/24/2026 | 09/24/2026 | 09/24/2026 | (24736) | (24762) |
| TDM | TDM | 3.930  | 3.930  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (3151) | (3189) |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Strategy Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| WFS | WFS | WFS | WFS | WFS | WFS | 4.245  | 4.245  | 4.245  | 02/24/2026 | 02/24/2026 | 02/24/2026 | 04/27/2026 | 04/27/2026 |  | (15692) | (15692) | (15692) |  | (15758) | (15758) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  |  |  | **$** | **(299067)** | **(299067)** |
| **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Cash of $513 has been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** |
| **(i)** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $365 and cash of $2,760 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(314240) at a weighted average interest rate of 4.738%. 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. | 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** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **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:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | 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 |
| Brent Crude December Futures  | Brent Crude December Futures  | Brent Crude December Futures  | Brent Crude December Futures  | Brent Crude December Futures  | 10/2026 | 10/2026 | 10/2026 | 15 | 15 | 1194 | 1194 | 1194 | 99 | 99 | 99 | 0 | 0 | 0 | $ | (67) |
| Brent Crude July Futures  | Brent Crude July Futures  | Brent Crude July Futures  | Brent Crude July Futures  | Brent Crude July Futures  | 05/2026 | 05/2026 | 05/2026 | 22 | 22 | 2116 | 2116 | 2116 | 157 | 157 | 157 | 0 | 0 | 0 |  | (91) |
| California Carbon Allowance Vintage December Futures  | California Carbon Allowance Vintage December Futures  | California Carbon Allowance Vintage December Futures  | California Carbon Allowance Vintage December Futures  | California Carbon Allowance Vintage December Futures  | 12/2026 | 12/2026 | 12/2026 | 1284 | 1284 | 37069 | 37069 | 37069 | (3653) | (3653) | (3653) | 0 | 0 | 0 |  | (334) |
| WTI Crude December Futures  | WTI Crude December Futures  | WTI Crude December Futures  | WTI Crude December Futures  | WTI Crude December Futures  | 11/2026 | 11/2026 | 11/2026 | 120 | 120 | 8696 | 8696 | 8696 | (9) | (9) | (9) | 0 | 0 | 0 |  | (524) |
| WTI Crude July Futures  | WTI Crude July Futures  | WTI Crude July Futures  | WTI Crude July Futures  | WTI Crude July Futures  | 06/2026 | 06/2026 | 06/2026 | 4 | 4 | 346 | 346 | 346 | 11 | 11 | 11 | 0 | 0 | 0 |  | (16) |
| WTI Crude June Futures  | WTI Crude June Futures  | WTI Crude June Futures  | WTI Crude June Futures  | WTI Crude June Futures  | 05/2026 | 05/2026 | 05/2026 | 87 | 87 | 8105 | 8105 | 8105 | 104 | 104 | 104 | 0 | 0 | 0 |  | (249) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (3291) | (3291) | $ | 0 | 0 | $ | $ | (1281) |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | 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 |
| WTI Crude December Futures  | WTI Crude December Futures  | WTI Crude December Futures  | WTI Crude December Futures  | WTI Crude December Futures  | 11/2026 | 11/2026 | 11/2026 | 31 | 31 | (2247) | (2247) | (2247) | (133) | (133) | (133) | 136 | 136 | 136 | $ | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(3424)** | **(3424)** | **$** | **136** | **136** | **$** | **$** | **(1281)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **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 | Floating Rate Index | 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) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Asset | Liability |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750% | Annual | 06/20/2034 | 06/20/2034 | 06/20/2034 | $ | $100 | 100 | (1) | (1) | $ | 0 | $(1) | (1) | (1) | $0 | 0 | 0 | $0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 12/17/2035 | 12/17/2035 |  | 10000 | 10000 | (93) | (93) |  | 177 | 84 | 84 | 84 | 0 | 0 | 0 | (8) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2045 | 12/17/2045 | 12/17/2045 |  | 6200 | 6200 | 169 | 169 |  | 181 | 350 | 350 | 350 | 11 | 11 | 11 | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **75** | **$** | **$** | **358** | **433** | **433** | **$** | **11** | **11** | **$** | **(8)** |
| **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,858 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| **(k)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **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 | Settlement<br>Month | Settlement<br>Month |  |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset |  | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 04/2026  | 04/2026  | BRL | BRL | 4 | 4 | 4 | 4 | $1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | $ | 0 | 0 |
|  |  | 04/2026  | 04/2026  | CAD | CAD | 51712 | 51712 | 51712 | 51712 | 37824 | 37824 | 37824 | 37824 | 649 | 649 | 649 | 649 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | EUR | EUR | 1869 | 1869 | 1869 | 1869 | 2148 | 2148 | 2148 | 2148 | 0 | 0 | 0 | 0 |  | (12) | (12) |
|  |  | 04/2026  | 04/2026  | $ | $ | $1 | 1 | 1 | 1 | 4 | 4 | 4 | 4 | 0 | 0 | 0 | 0 |  | 0 | 0 |
|  |  | 05/2026  | 05/2026  |  |  | 30 | 30 | 30 | 30 | 42 | 42 | 42 | 42 | 0 | 0 | 0 | 0 |  | 0 | 0 |
|  |  | 05/2026  | 05/2026  |  |  | 2152 | 2152 | 2152 | 2152 | 1869 | 1869 | 1869 | 1869 | 12 | 12 | 12 | 12 |  | 0 | 0 |
|  |  | 06/2026  | 06/2026  | BRL | BRL | 5 | 5 | 5 | 5 | $1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 04/2026  | $ | $ | $1656 | 1656 | 1656 | 1656 | 1401 | 1401 | 1401 | 1401 | 0 | 0 | 0 | 0 |  | (37) | (37) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 04/2026  | HKD | HKD | 1546 | 1546 | 1546 | 1546 | $198 | 198 | 198 | 198 | 0 | 0 | 0 | 0 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | TRY | TRY | 32750 | 32750 | 32750 | 32750 | 719 | 719 | 719 | 719 | 0 | 0 | 0 | 0 |  | (10) | (10) |
|  |  | 04/2026  | 04/2026  | $ | $ | $26393 | 26393 | 26393 | 26393 | 36601 | 36601 | 36601 | 36601 | 0 | 0 | 0 | 0 |  | (80) | (80) |
|  |  | 04/2026  | 04/2026  |  |  | 16 | 16 | 16 | 16 | 738 | 738 | 738 | 738 | 0 | 0 | 0 | 0 |  | 0 | 0 |
|  |  | 05/2026  | 05/2026  | CAD | CAD | 36551 | 36551 | 36551 | 36551 | $26393 | 26393 | 26393 | 26393 | 80 | 80 | 80 | 80 |  | 0 | 0 |
|  |  | 05/2026  | 05/2026  | TRY | TRY | 3532 | 3532 | 3532 | 3532 | 76 | 76 | 76 | 76 | 0 | 0 | 0 | 0 |  | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 04/2026  | $ | $ | $13887 | 13887 | 13887 | 13887 | 10432 | 10432 | 10432 | 10432 | 0 | 0 | 0 | 0 |  | (79) | (79) |
|  |  | 05/2026  | 05/2026  | GBP | GBP | 10432 | 10432 | 10432 | 10432 | $13886 | 13886 | 13886 | 13886 | 79 | 79 | 79 | 79 |  | 0 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Strategy Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 04/2026  | 42 | 42 |  | 30 | 30 | 30 |  | 1 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | 420 | 420 |  | 559 | 559 | 559 |  | 3 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | $1946 | 1946 | EUR | 1659 | 1659 | 1659 |  | 0 |  | (29) | (29) |
|  |  | 04/2026  | 04/2026  | 2764 | 2764 | GBP | 2085 | 2085 | 2085 |  | 0 |  | (4) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; CIB | &nbsp;&nbsp;&nbsp;&nbsp; CIB | 04/2026  | 04/2026  | 5647 | 5647 | CAD | 7733 | 7733 | 7733 |  | 0 |  | (88) | (88) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 04/2026  | 7502 | 7502 | $ | $959 | 959 | 959 |  | 1 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 04/2026  | 9928 | 9928 |  | 13416 | 13416 | 13416 |  | 276 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 04/2026  | 58399 | 58399 |  | 11010 | 11010 | 11010 |  | 0 |  | (264) | (264) |
|  |  | 04/2026  | 04/2026  | $10834 | 10834 | BRL | 58399 | 58399 | 58399 |  | 440 |  | 0 | 0 |
|  |  | 06/2026  | 06/2026  | 14 | 14 | $ | $3 | 3 | 3 |  | 0 |  | 0 | 0 |
|  |  | 07/2026  | 07/2026  | 13 | 13 |  | 2 | 2 | 2 |  | 0 |  | 0 | 0 |
|  |  | 07/2026  | 07/2026  | $11010 | 11010 | BRL | 59606 | 59606 | 59606 |  | 264 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 04/2026  | 8754 | 8754 | $ | $1120 | 1120 | 1120 |  | 2 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | $10328 | 10328 | MXN | 184939 | 184939 | 184939 |  | 0 |  | (22) | (22) |
|  |  | 05/2026  | 05/2026  | 25428 | 25428 | $ | $3923 | 3923 | 3923 |  | 0 |  | (17) | (17) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 04/2026  | 25577 | 25577 |  | 4042 | 4042 | 4042 |  | 86 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | 2589 | 2589 |  | 3452 | 3452 | 3452 |  | 25 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | $2378 | 2378 | EUR | 2054 | 2054 | 2054 |  | 4 |  | (8) | (8) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | 04/2026  | 31789 | 31789 | $ | $37539 | 37539 | 37539 |  | 803 |  | (6) | (6) |
|  |  | 04/2026  | 04/2026  | $32984 | 32984 | EUR | 28545 | 28545 | 28545 |  | 50 |  | (41) | (41) |
|  |  | 04/2026  | 04/2026  | 554 | 554 | GBP | 420 | 420 | 420 |  | 2 |  | 0 | 0 |
|  |  | 05/2026  | 05/2026  | 27080 | 27080 | $ | $31299 | 31299 | 31299 |  | 0 |  | (49) | (49) |
|  |  | 05/2026  | 05/2026  | 420 | 420 |  | 554 | 554 | 554 |  | 0 |  | (2) | (2) |
|  |  | 05/2026  | 05/2026  | $3423 | 3423 | EUR | 2962 | 2962 | 2962 |  | 6 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 04/2026  | 5435 | 5435 | CAD | 7419 | 7419 | 7419 |  | 0 |  | (101) | (101) |
| **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** | $**2783** | **2783** | $**(850)** | **(850)** | **(850)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **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** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(1)</sup> | Pay/Receive<sup>(1)</sup> | Underlying<br>Reference | # of Shares | 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; FAR | Receive | Receive | Plains All American Pipeline LP  | 332743 | Maturity | Maturity | 12/16/2026 | 12/16/2026 | 5444 | 0 | 1890 | 1890 | 1890 | $0 |
|  | Receive | Receive | Western Gas Partners LP  | 410000 | Maturity | Maturity | 12/16/2026 | 12/16/2026 | 15682 | 0 | 1292 | 1292 | 1292 | 0 |
| &nbsp;&nbsp; GST | Receive | Receive | Energy Tranfer LP  | 938239 | Maturity | Maturity | 04/15/2026 | 04/15/2026 | 17770 | 0 | 693 | 693 | 693 | 0 |
|  | Receive | Receive | Enterprise Product Partners LP  | 398000 | Maturity | Maturity | 04/15/2026 | 04/15/2026 | 13532 | 0 | 1718 | 1718 | 1718 | 0 |
|  | Receive | Receive | Mplx LP  | 399000 | Maturity | Maturity | 04/15/2026 | 04/15/2026 | 21686 | 0 | 1624 | 1624 | 1624 | 0 |
|  | Receive | Receive | Plains All American Pipeline LP  | 151500 | Maturity | Maturity | 04/15/2026 | 04/15/2026 | 3059 | 0 | 171 | 171 | 171 | 0 |
|  | Receive | Receive | Western Gas Partners LP  | 117425 | Maturity | Maturity | 04/15/2026 | 04/15/2026 | 4913 | 0 | 103 | 103 | 103 | 0 |
|  | Receive | Receive | Sunoco LP  | 3000 | Monthly | Monthly | 08/19/2026 | 08/19/2026 | 195 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp; MYI | Receive | Receive | Western Gas Partners LP  | 4916 | Monthly | Monthly | 10/14/2026 | 10/14/2026 | 202 | 0 | (1) | 0 | 0 | (1) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **0** | **$** | **7491** | **$** | **(1)** |
| 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. | 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** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the 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 1 | Level 2 | Level 2 | Level 3 | Fair Value<br>at 03/31/2026 | Fair Value<br>at 03/31/2026 | Fair Value<br>at 03/31/2026 |  |

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------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Strategy Fund (Cont.) March 31, 2026 (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** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | 0 | $116804 | 116804 | $54346 | 54346 | $ | 171150 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 35126 | 35126 | 1459 | 1459 |  | 36585 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 168188 | 168188 | 0 | 0 |  | 168188 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 44160 | 44160 | 7971 | 7971 |  | 52131 |  |
| 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 |  |
| Michigan | Michigan | Michigan | Michigan | Michigan | 0 | 0 | 0 | 383 | 383 | 0 | 0 |  | 383 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 27771 | 27771 | 0 | 0 |  | 27771 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 1255 | 1255 | 0 | 0 |  | 1255 |  |
| 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 | 87607 | 87607 | 9912 | 9912 |  | 97519 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | 0 | 0 | 0 | 500 | 500 | 0 | 0 |  | 500 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 10220 | 10220 | 0 | 0 |  | 10220 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 229806 | 229806 | 0 | 0 |  | 229806 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 0 | 17500 | 17500 | 0 | 0 |  | 17500 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 9428 | 9428 | 5658 | 5658 |  | 15086 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 6556 | 6556 | 0 | 0 |  | 6556 |  |
| 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 | Communication Services | 0 | 0 | 0 | 0 | 0 | 319 | 319 |  | 319 |  |
| Energy | Energy | Energy | Energy | Energy | 199800 | 199800 | 199800 | 0 | 0 | 0 | 0 |  | 199800 |  |
| Master Limited Partnerships | Master Limited Partnerships | Master Limited Partnerships | Master Limited Partnerships | Master Limited Partnerships | Master Limited Partnerships | Master Limited Partnerships | Master Limited Partnerships | Master Limited Partnerships | Master Limited Partnerships | Master Limited Partnerships | Master Limited Partnerships | Master Limited Partnerships | Master Limited Partnerships |  |
| Energy | Energy | Energy | Energy | Energy | 176076 | 176076 | 176076 | 0 | 0 | 0 | 0 |  | 176076 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 0 | 0 | 6277 | 6277 |  | 6277 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 0 | 30331 | 30331 |  | 30331 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 1077 | 1077 | 0 | 0 |  | 1077 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 5060 | 5060 | 0 | 0 |  | 5060 |  |
|  |  |  |  |  | $375876 | 375876 | 375876 | $761441 | 761441 | $116273 | 116273 | $ | 1253590 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $143622 | 143622 | 143622 | $0 | 0 | $0 | 0 | $ | 143622 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $519498 | 519498 | 519498 | $761441 | 761441 | $116273 | 116273 | $ | 1397212 |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 136 | 136 | 136 | 11 | 11 | 0 | 0 |  | 147 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 10274 | 10274 | 0 | 0 |  | 10274 |  |
|  |  |  |  |  | $136 | 136 | 136 | $10285 | 10285 | $0 | 0 | $ | 10421 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (1281) | (1281) | (1281) | (8) | (8) | 0 | 0 |  | (1289) |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (852) | (852) | 0 | 0 |  | (852) |  |
|  |  |  |  |  | $(1281) | (1281) | (1281) | $(860) | (860) | $0 | 0 | $ | (2141) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $(1145) | (1145) | (1145) | $9425 | 9425 | $0 | 0 | $ | 8280 |  |
| Totals | Totals | Totals | Totals | Totals | $518353 | 518353 | 518353 | $770866 | 770866 | $116273 | 116273 | $ | 1405492 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** |
| Category and Subcategory | Beginning<br>Balance<br>at 06/30/2025 | Net<br>Purchases  | 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 out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 03/31/2026 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(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 | 45544 | $10197 | $(11923) | $ | 178 | $0 | $ | (579) | $10929 | 10929 | $0 | 0 | $54346 | $(328) |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | 728 | 1439 | 0 |  | 0 | 0 |  | (34) | 0 | 0 | (674) | (674) | 1459 | (14) |
| Industrials | 3162 | 0 | (4403) |  | (4) | 1 |  | 1244 | 0 | 0 | 0 | 0 | 0 | 0 |
| Utilities | 7905 | 44 | 0 |  | (1) | 0 |  | 23 | 0 | 0 | 0 | 0 | 7971 | 22 |
| Non-Agency Mortgage-Backed Securities | 0 | 9965 | 0 |  | 0 | 0 |  | (53) | 0 | 0 | 0 | 0 | 9912 | (53) |
| Asset-Backed Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Other ABS | 5520 | 0 | 0 |  | 0 | 0 |  | 138 | 0 | 0 | 0 | 0 | 5658 | 138 |
| Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Communication Services | 0 | 0 | 0 |  | 0 | 0 |  | 319 | 0 | 0 | 0 | 0 | 319 | 319 |
| Financials | 735 | 0 | (753) |  | 0 | (946) |  | 964 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | 0 | 6277 | 0 |  | 0 | 0 |  | 0 | 0 | 0 | 0 | 0 | 6277 | 0 |

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------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Strategy Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Industrials | Industrials |  | 0 | 30190 |  | 0 | 0 | 0 | 141 | 0 | 0 | 0 |  | 30331 |  | 140 |
| Totals | Totals | $63594 | 63594 | 58112 | $ | $(17079) | $173 | $(945) | $(2163) | $10929 | $(674) | (674) | $ | 116273 | $ | 224 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $31310 | 31310 | &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 | 6.312 - 9.745 | 6.312 - 9.745 | 6.312 - 9.745 | 8.189 | 8.189 |
|  |  |  |  | 2694 | 2694 | &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 | 101.250 | 101.250 | 101.250 |  |  |
|  |  |  |  | 3000 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 | 100.000 |  |  |
|  |  |  |  | 17342 | 17342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 76.000 - 122.000 | 76.000 - 122.000 | 76.000 - 122.000 | 99.958 | 99.958 |
| 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 | 1459 | 1459 | &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 | 6.918 - 7.181 | 6.918 - 7.181 | 6.918 - 7.181 | 6.971 | 6.971 |
| Utilities | Utilities | Utilities | Utilities | 52 | 52 | &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 | 12.000 | 12.000 | 12.000 |  |  |
|  |  |  |  | 7919 | 7919 | &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 | 7.610 | 7.610 | 7.610 |  |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 9912 | 9912 | &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 | 6.600 | 6.600 | 6.600 |  |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Other ABS | Other ABS | Other ABS | Other ABS | 5658 | 5658 | &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 | 10.320 - 14.000 | 10.320 - 14.000 | 10.320 - 14.000 | 12.535 | 12.535 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Communication Services | Communication Services | Communication Services | Communication Services | 319 | 319 | &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 | $15.000 | 15.000 | 15.000 |  |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 6277 | 6277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase price | $- | - | - |  |  |
| Industrials | Industrials | Industrials | Industrials | 9948 | 9948 | &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 | 18.900 | 18.900 | 18.900 |  |  |
|  |  |  |  | 20383 | 20383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | - | - | - |  |  |
| Total | Total | Total | Total | $116273 | 116273 |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. |
| <sup>(2)</sup> | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. |

---

------

Notes to Financial Statements

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

**1. BASIS FOR CONSOLIDATION**

The Cayman Subsidiary, NRGX SPV I LLC and NRGX SPV II LLC (each a "Subsidiary" and, collectively, the "Subsidiaries"), each a Delaware limited liability company, were formed as wholly owned subsidiaries acting as investment vehicles for the PIMCO Dynamic Income Strategy Fund (the "Fund") in order to effect certain investments for the Fund consistent with the Fund's investment objectives and policies in effect from time to time. The Fund's investment portfolio has been consolidated and includes the portfolio holdings of the Fund and the Subsidiaries. Accordingly, the consolidated financial statements include the accounts of the Fund and the Subsidiaries. All intercompany transactions and balances have been eliminated. These structures were established so that certain investments could be held by separate legal entities from the Fund. See the table below for details regarding the structure, incorporation and relationship of each Subsidiary as of period end.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **Subsidiary** | &nbsp;&nbsp; **Date of Formation** | &nbsp;&nbsp; **Subsidiary % of Consolidated Fund Net Assets**<sup>†</sup> |
| &nbsp;&nbsp;&nbsp; Cayman Commodity Fund IX, Ltd | &nbsp;&nbsp;&nbsp; 12/14/2018 | &nbsp;&nbsp;&nbsp; 0.4% |
| &nbsp;&nbsp;&nbsp; NRGX SPV I LLC | &nbsp;&nbsp;&nbsp; 11/07/2022 | &nbsp;&nbsp;&nbsp; 0.0% |
| &nbsp;&nbsp;&nbsp; NRGX SPV II LLC | &nbsp;&nbsp;&nbsp; 11/07/2022 | &nbsp;&nbsp;&nbsp; 0.0% |

---

<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 the Fund's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the Fund or class, less any liabilities, as applicable, by the total number of shares outstanding.

On each day that the New York Stock Exchange ("NYSE") is open, the Fund's shares are ordinarily valued as of the close of regular trading (normally 4:00 p.m., Eastern time) ("NYSE Close"). Information that becomes known to the Fund or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Fund may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The Fund generally does not calculate its NAV on days on which the NYSE is not open for business. If the NYSE is closed on a day it would normally be open for business, the Fund may calculate its NAV as of the NYSE Close for such day or such other time that the Fund 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 Fund 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 Fund will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO" or the "Manager") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 portfolio 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, exchange-traded funds ("ETFs"), exchange-traded notes and financial derivative instruments, such as futures contracts, rights and warrants, or options on futures that are traded on a national securities exchange, are stated at the last reported sale or settlement price on the day of valuation. Exchange-traded options, except equity options, futures and options on futures, are valued at the settlement price determined by the relevant exchange. Swap agreements and swaptions are valued on the basis of bid quotes obtained from brokers and dealers or market-based prices supplied by Pricing Sources. With respect to any portion of the Fund's assets that are invested in one or more open-end management investment companies (other thanETFs), the Fund's NAV will be calculated based on the NAVs of such investments.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the Fund may determine the fair value of investments based on information provided by Pricing Sources, which may recommend fair value or adjustments with reference to other securities, indexes or assets. In considering whether fair valuation is required and in determining fair values, the Valuation Designee may, among other things, consider significant events (which may be considered to include changes in the value of U.S. securities or securities indexes) that occur after the close of the relevant market and before the NYSE Close. The Fund 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 Fund is not open for business, which may result in the Fund's portfolio investments being affected when shareholders are unable to buy or sell shares.

Investments valued in currencies other than the U.S. dollar are converted to the U.S. dollar using exchange rates obtained from Pricing Sources. As a result, the value of such investments and, in turn, the NAV of the Fund'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

------

Notes to Financial Statements(Cont.)

markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Fund is not open for business. As a result, to the extent that the Fund holds foreign (non-U.S.) investments, the value of those investments may change at times when shareholders are unable to buy or sell shares and the value of such investments will be reflected in the Fund's next calculated NAV.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

------

Notes to Financial Statements(Cont.)

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

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

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

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

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

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

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

**3. FEDERAL INCOME TAX MATTERS**

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

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

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

**4. INVESTMENTS IN AFFILIATES**

The Fund 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 Fund.A copy of each affiliate fund's shareholder report is available at the U.S Securities and Exchange Commission ("SEC") website at www.sec.gov, on the Fund's website at www.pimco.com, or upon request, as applicable.The table below shows the Fund's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Market Value<br>06/30/2025** | **Purchases at<br>Cost** | **Proceeds from<br>Sales** | **Net<br>Realized<br>Gain (Loss)** | **Change in<br>Unrealized<br>Appreciation<br>(Depreciation)** | **Market Value<br>03/31/2026** | **Dividend<br>Income**<sup>(1)</sup> | **Realized Net<br>Capital<br>Gain<br>Distributions**<sup>(1)</sup> |
| $136258 | $498449 | $(491100) | $33 | $(18) | $143622 | $2652 | $0 |

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

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** |  | (Unaudited) |
| **Counterparty Abbreviations:** | **Counterparty Abbreviations:** |  |  |  |  |
| **BOA** | Bank of America N.A. | **DBL** | Deutsche Bank AG London | **MSC** | Morgan Stanley & Co. LLC. |
| **BOS** | BofA Securities, Inc. | **DUB** | Deutsche Bank AG | **MYI** | Morgan Stanley & Co. International PLC |
| **BPS** | BNP Paribas S.A. | **FAR** | Wells Fargo Bank National Association | **RDR** | RBC Capital Markets LLC |
| **BRC** | Barclays Bank PLC | **GLM** | Goldman Sachs Bank USA | **RTA** | RBC (Barbados) Trading Bank Corp. |
| **BSH** | Banco Santander S.A. - New York Branch | **GST** | Goldman Sachs International | **SOG** | Societe Generale Paris |
| **BYR** | The Bank of Nova Scotia - Toronto | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **SSB** | State Street Bank and Trust Co. |
| **CBK** | Citibank N.A. | **JPM** | JP Morgan Chase Bank N.A. | **TDM** | TD Securities (USA) LLC |
| **CEW** | Canadian Imperial Bank of Commerce World Markets | **MBC** | HSBC Bank Plc | **WFS** | Wells Fargo Securities, LLC |
| **CIB** | Canadian Imperial Bank of Commerce | **MSB** | Morgan Stanley Bank, N.A |  |  |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **BRL** | Brazilian Real | **GBP** | British Pound | **MXN** | Mexican Peso |
| **CAD** | Canadian Dollar | **HKD** | Hong Kong Dollar | **TRY** | Turkish New Lira |
| **DKK** | Danish Krone | **JPY** | Japanese Yen | **USD (or $)** | United States Dollar |
| **EUR** | Euro |  |  |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **BISTREFI** | Turkish Lira Overnight Reference Rate | **EUR006M** | 6 Month EUR Swap Rate | **SOFR** | Secured Overnight Financing Rate |
| **BNMMDTSC** | Dreyfus Treasury Securites Cash Management Fund Yield | **EUR012M** | 12 Month EUR Swap Rate | **TSFR1M** | Term SOFR 1-Month |
| **Brent** | Brent Crude | **FHMMUSTF** | Federated Hermes US Treasury Cash Reserves <br> Fund Yield | **TSFR3M** | Term SOFR 3-Month |
| **CDOR06** | 6 month CDN Swap Rate | **JY0003M** | 3 Month JPY-LIBOR | **TSFR6M** | Term SOFR 6-Month |
| **EUR003M** | 3 Month EUR Swap Rate |  |  |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **DAC** | Designated Activity Company | **TBD** | To-Be-Determined |
| **ALT** | Alternate Loan Trust | **OIS** | Overnight Index Swap | **TBD%** | Interest rate to be determined when loan <br> settles or at the time of funding |
| **CLO** | Collateralized Loan Obligation | **TBA** | To-Be-Announced | **WTI** | West Texas Intermediate |
| **CMBS** | Collateralized Mortgage-Backed Security |  |  |  |  |

---

## 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 Dynamic Income Strategy Fund

- **b. Investment Company Act file number:** 811-23390

- **c. CIK number of Registrant:** 0001756908

- **d. LEI of Registrant:** 549300BX5QVFQJENPV35

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

  - **Street Address 1:** 1633 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** (844) 337-4626

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

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

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

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1447249148.32

**Total Liabilities:** $374683018.57

**Net Assets:** $1072566129.75

**Amount of Assets Invested in Other Investment Companies:** $4720076.85

**Delayed Delivery Securities:** $2909631.90

**Cash Not Reported:** $3585045.84

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -121.478400 | **1-Year:** 8384.169200 | **5-Year:** 40305.072600 | **10-Year:** 16450.407600 | **30-Year:** 0.000000

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

- **3-Month:** 54782.637200 | **1-Year:** 53101.080000 | **5-Year:** 126841.650100 | **10-Year:** 47052.917800 | **30-Year:** 5022.860700

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 8.06%                | 0.84%                | 9.88%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3521833.05              | $52837005.00                               |
| Month 2  | $10226754.52             | $1509874.18                                |
| Month 3  | $61861479.94             | $-281861.24                                |

**Designated Index Information**

- **Index Name:** Fund Securities Portfolio

- **Index Identifier:** 0

### Schedule of Portfolio Investments

| Name                                                               | Title                                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                                | SOLD TRY BOUGHT USD 20260406                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-4236.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHASEFLEX TRUST 2007-M1                                            | CHASEFLEX TRUST CFLX 2007 M1 2AV2                             | CUSIP: 16165YAR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    973788 | PA      | $811599.34    | 0.08%             | 2037-08-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TREASURY BILL 04/26 0.00000                                   | CUSIP: 912797TK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $99728.09     | 0.01%             | 2026-04-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2024-2                  | FREDDIE MAC   SCRT SCRT 2024 2 BXS 144A                       | CUSIP: 35563PYJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10345087 | PA      | $5167969.14   | 0.48%             | 2064-05-25      | Variable      | 2.69%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET LENDING PARTNERS                                      | SIXTH STREET LENDING PAR SR UNSECURED 07/30 6.125             | CUSIP: 829932AF9<br>LEI: 549300S9P1HMDERGCR64 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3282814.85   | 0.31%             | 2030-07-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST 2017                                                    | CREDIT SUISSE MORTGAGE TRUST CSMC 2017 CALI E 144A            | CUSIP: 12652FAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5200000 | PA      | $835816.80    | 0.08%             | 2032-11-10      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| GSAA HOME EQUITY TRUST 2006-20                                     | GSAA HOME EQUITY TRUST GSAA 2006 20 A4A                       | CUSIP: 362351AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2110858 | PA      | $807165.90    | 0.08%             | 2046-12-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER RE LTD                                               | CHARLES RIVER RE LTD SR UNSECURED 144A 05/31 VAR              | CUSIP: 159873AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1900000 | PA      | $1955860.00   | 0.18%             | 2031-05-10      | Floating      | 11.15%                | No            |                  2 | On Loan: No      |
| ABSLT DE 2024 LLC                                                  | ABSLT DE 2024 LLC CLN 2024 1 05/33 1                          | CUSIP: 00401BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2851744.32   | 0.27%             | 2033-05-20      | Floating      | 12.18%                | No            |                  3 | On Loan: No      |
| ENBRIDGE INC                                                       | ENBRIDGE INC COMMON STOCK                                     | CUSIP: 29250N956<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    566422 | NS      | $30705113.23  | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| QUIDELORTHO CORPORATION                                            | QUIDELORTHO CORP TERM LOAN                                    | CUSIP: 74840YAH7<br>LEI: 549300YU8CMO9HF53113 | Long             | LON              | CORP              | US        |   3383000 | PA      | $3383000.00   | 0.32%             | 2032-08-20      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD BRL BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-263895.48   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SW (FINANCE) I PLC                                                 | SW (FINANCE) I PLC SR SECURED REGS 05/28 2.375                | CUSIP: ACI1ML5J6<br>LEI: 549300BHN1HB5BNG2R96 | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $3078815.02   | 0.29%             | 2028-05-28      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ENFRAGEN ENERGIA SUR SA / ENFRAGEN SPAIN SA / PRIME ENERGIA SPA    | ENFRAGEN ENERGIA SUR SA SR SECURED REGS 12/30 5.375           | CUSIP: E4181LAA9<br>LEI: 2549002TO75PYMY3VY07 | Long             | DBT              | CORP              | ES        |   3000000 | PA      | $2734704.45   | 0.25%             | 2030-12-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2023-7                                    | ANGEL OAK MORTGAGE TRUST AOMT 2023 7 A1 144A                  | CUSIP: 03466DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    784467 | PA      | $780626.97    | 0.07%             | 2067-11-25      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | US TREASURY N/B 08/35 4.25                                    | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    760000 | PA      | $757268.75    | 0.07%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VOUSSOIR RE LTD                                                    | WAFC VOUSSOIR WAFC VOUSSOIR                                   | CUSIP: 957IQY903<br>LEI: 549300XW5WDY1508DB60 | Long             | EP               | CORP              | US        |   6277217 | NS      | $6277217.00   | 0.59%             |  |  |  | No            |                  3 | On Loan: No      |
| MEDIAPRO (SUBCALIDORA 2 SARL)                                      | SUBCALIDORA 2 2024 EUR TERM LOAN                              | CUSIP: BA0007DG2<br>LEI: N/A                  | Long             | LON              | CORP              | ES        |   3338064 | PA      | $3771222.13   | 0.35%             | 2029-08-14      | Floating      | 7.88%                 | No            |                  3 | On Loan: No      |
| BIOGROUP (CAB SELAS)                                               | CAB SR SECURED REGS 02/28 3.375                               | CUSIP: ACI1VH241<br>LEI: 9695008EGX5O9K1MS743 | Long             | DBT              | CORP              | FR        |   2900000 | PA      | $3259110.26   | 0.30%             | 2028-02-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| B&G FOODS INC                                                      | B+G FOODS INC SR SECURED 144A 09/28 8                         | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3155059.84   | 0.29%             | 2028-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT EUR SOLD USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $2670.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260409                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-389.85      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2022-NLP    | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2022 NLP A 144A          | CUSIP: 466317AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    939275 | PA      | $930308.44    | 0.09%             | 2037-04-15      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES LP                                       | HUDSON PACIFIC PROPERTIE COMPANY GUAR 02/28 5.95              | CUSIP: 44409MAD8<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2658900.64   | 0.25%             | 2028-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC 2024-A                               | COLLEGE AVE STUDENT LOANS CASL 2024 A R 144A                  | CUSIP: 19424R108<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5009 | PA      | $2740153.41   | 0.26%             | 2054-06-25      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| FLORA FOOD MANAGEMENT BV                                           | FLORA FOOD MANAGEMENT BV SR SECURED 144A 07/29 6.875          | CUSIP: ACI2PNX49<br>LEI: 2549002VGA888UKFKS25 | Long             | DBT              | CORP              | NL        |   4700000 | PA      | $5105683.59   | 0.48%             | 2029-07-02      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TREASURY BILL 04/26 0.00000                                   | CUSIP: 912797TJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    600000 | PA      | $598792.33    | 0.06%             | 2026-04-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS INC 2006-QS12                           | RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QS12 2A4             | CUSIP: 751151AH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2114661 | PA      | $1721705.42   | 0.16%             | 2036-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TR INC 2004-OPT1                               | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2004 OPT1 M6              | CUSIP: 17307GJN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1894037 | PA      | $1545821.15   | 0.14%             | 2034-10-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | WTI CRUDE FUTURE  JUL26 IFEU 20260618                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |         4 | NC      | $11388.39     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $2792.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                        | TURKIYE GOVERNMENT BOND BONDS 05/26 VAR                       | CUSIP: ACI2Q1SN0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |  46200000 | PA      | $1039665.04   | 0.10%             | 2026-05-20      | Floating      | 39.64%                | No            |                  2 | On Loan: No      |
| SABESP (NOVA SECURITISATION SARL)                                  | NOVA SECURITISATION SARL SR SECURED 144A 02/36 6.5            | CUSIP: 66984FAB3<br>LEI: 636700QG9R13IDZO4Y16 | Long             | DBT              | CORP              | LU        |    700000 | PA      | $666753.64    | 0.06%             | 2036-02-03      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP 2007-ASP1                                      | ACE SECURITIES CORP. ACE 2007 ASP1 A2D                        | CUSIP: 00442JAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1495736 | PA      | $610713.07    | 0.06%             | 2037-03-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $3746.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                        | TURKIYE GOVERNMENT BOND BONDS 05/28 VAR                       | CUSIP: ACI2PJ5W7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   4500000 | PA      | $100908.63    | 0.01%             | 2028-05-17      | Floating      | 39.64%                | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO CREDIT AGRICOLE 03/14 VAR                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -18092672 | PA      | $-18156298.22 | -1.69%            |  |  |  | No            |                  2 | On Loan: No      |
| BDO USA PC (AKA: BDO USA PA)                                       | BDO USA P C 2024 TERM LOAN A                                  | CUSIP: BA000BL33<br>LEI: 549300HCLKYOUFB75R55 | Long             | LON              | CORP              | US        |   4421769 | PA      | $4416202.74   | 0.41%             | 2028-08-31      | Floating      | 8.64%                 | No            |                  3 | On Loan: No      |
| GSAA HOME EQUITY TRUST 2006-2                                      | GSAA HOME EQUITY TRUST GSAA 2006 2 2A5                        | CUSIP: 362334AB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    734190 | PA      | $659649.16    | 0.06%             | 2035-12-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| PERU LNG SRL                                                       | PERU LNG SRL SR UNSECURED REGS 03/30 5.375                    | CUSIP: P7721BAE1<br>LEI: 254900F70J1LOALV5K70 | Long             | DBT              | CORP              | PE        |   5534440 | PA      | $5376057.06   | 0.50%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD GBP BOUGHT USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $79298.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | ET US TRS EQUITY SOFR+60 *BULLET* GST                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $-550603.76   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | WES US TRS EQUITY SOFR+60 *BULLET* GST                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $-324288.54   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET SEC CORP 2005-2XS                                 | STRUCTURED ASSET SECURITIES CO SASC 2005 2XS M1               | CUSIP: 86359B2K6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1082930 | PA      | $1036497.63   | 0.10%             | 2035-02-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| ENVALIOR FINANCE GMBH                                              | ENVALIOR FINANCE GMBH USD TERM LOAN B1                        | CUSIP: D255LZAC9<br>LEI: 254900GAG6U7Z5TROP43 | Long             | LON              | CORP              | DE        |   1965261 | PA      | $1729439.87   | 0.16%             | 2030-04-01      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2006-FM1                                               | GSAMP TRUST GSAMP 2006 FM1 A1                                 | CUSIP: 362334PF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12507545 | PA      | $9438449.73   | 0.88%             | 2036-04-25      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MTGE ACQUIS CORP 2006-CH2                                | JP MORGAN MORTGAGE ACQUISITION JPMAC 2006 CH2 AF6             | CUSIP: 46629QAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1892972 | PA      | $1115640.07   | 0.10%             | 2036-10-25      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT EUR SOLD USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $5866.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PTHW 2025-RTL1 PT                                                  | PTHW 2025 RTL1 PT                                             | CUSIP: 990ABZHM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9928689 | PA      | $9912319.63   | 0.92%             | 2045-11-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| SEC ASSET BACKED REC LLC 2007-BR3                                  | SECURITIZED ASSET BACKED RECEI SABR 2007 BR3 A2B              | CUSIP: 81377NAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1442116 | PA      | $982770.96    | 0.09%             | 2037-04-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | WTI CRUDE FUTURE  DEC26 IFEU 20261119                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       -31 | NC      | $-132854.59   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | WTI CRUDE FUTURE  JUN26 XNYM 20260519                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        87 | NC      | $104315.03    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                              | QUIKRETE HOLDINGS INC SR SECURED 144A 03/32 6.375             | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2029506.00   | 0.19%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT MXN SOLD USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |         1 | NC      | $-21659.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO HOME EQUITY ABS SER 2004-2                             | WELLS FARGO HOME EQUITY TRUST WFHET 2004 2 M7                 | CUSIP: 94980GAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1569256 | PA      | $1659903.70   | 0.15%             | 2034-10-25      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| HOME EQUITY ASSET TRUST 2006-4                                     | HOME EQUITY ASSET TRUST HEAT 2006 4 M1                        | CUSIP: 437084VR4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3402704 | PA      | $3489506.87   | 0.33%             | 2036-08-25      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| GFL ES US LLC                                                      | GFL ENVIRONMENTAL INC 2025 TERM LOAN B                        | CUSIP: 36257SAB8<br>LEI: 254900PGDQWC19PRP053 | Long             | LON              | CORP              | CA        |   2686500 | PA      | $2689871.56   | 0.25%             | 2032-03-03      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| SEVITA (NATIONAL MENTOR HOLDINGS INC)                              | NATIONAL MENTOR HOLDINGS SR SECURED 144A 12/30 10.5           | CUSIP: 63688RAF4<br>LEI: 5493004QULJVJP3CNZ62 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2634014.85   | 0.25%             | 2030-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP / LADDER CAPITAL FINANCE CORP | LADDER CAP FIN LLLP/CORP COMPANY GUAR 144A 07/31 7            | CUSIP: 505742AR7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2896322.80   | 0.27%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | WTI CRUDE FUTURE  DEC26 XNYM 20261120                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       120 | NC      | $-8996.40     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | HSBC REVERSE REPO EUR ZCP                                     | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |  -2448750 | PA      | $-2852816.12  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT BRL SOLD USD 20260702                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $264395.80    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2018-RP1                             | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2018 RP1 A1 144A          | CUSIP: 17326QAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1856294 | PA      | $1833696.01   | 0.17%             | 2064-09-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                                   | ITT HOLDINGS LLC 2026 TERM LOAN B                             | CUSIP: 45070BAL9<br>LEI: 549300TH2PHOLK31LB42 | Long             | LON              | CORP              | US        |    967663 | PA      | $965848.62    | 0.09%             | 2030-10-11      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| TC ENERGY CORPORATION                                              | TC ENERGY CORP COMMON STOCK                                   | CUSIP: 87807B909<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    317900 | NS      | $19906742.15  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| WEATHERFORD INTERNATIONAL LTD                                      | WEATHERFORD INTERNATIONA COMPANY GUAR 144A 10/33 6.75         | CUSIP: 947075AW7<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |   3600000 | PA      | $3680708.40   | 0.34%             | 2033-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PRPM 2023-NQM3 TRUST                                               | PRESTON RIDGE PARTNERS MORTGAG PRPM 2023 NQM3 A1 144A         | CUSIP: 69380TAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    583503 | PA      | $587667.21    | 0.05%             | 2068-11-25      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET SEC CORP 2005-S2                                  | STRUCTURED ASSET SECURITIES CO SASC 2005 NC2 M8               | CUSIP: 86359DCU9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1004246 | PA      | $871743.65    | 0.08%             | 2035-05-25      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORPORATION                                           | CHORD ENERGY CORP COMPANY GUAR 144A 10/30 6                   | CUSIP: 674215AQ1<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506930.00    | 0.05%             | 2030-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD DKK BOUGHT USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | DK        |         1 | NC      | $86241.54     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO ROYAL BANK OF CAN                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -9203768 | PA      | $-9283432.12  | -0.87%            |  |  |  | No            |                  2 | On Loan: No      |
| PARK PLACE SECURITIES INC 2005-WCW3                                | PARK PLACE SECURITIES INC PPSI 2005 WCW3 M4                   | CUSIP: 70069FLZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5619000 | PA      | $5009548.65   | 0.47%             | 2035-08-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNERS LLC                                      | KRAKEN OIL + GAS PARTNER SR UNSECURED 144A 08/29 7.625        | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |   2525000 | PA      | $2579926.33   | 0.24%             | 2029-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERTS 2005-15                             | COUNTRYWIDE ASSET BACKED CERTI CWL 2005 15 M3                 | CUSIP: 126670MK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7200000 | PA      | $6129933.12   | 0.57%             | 2036-04-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260417                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-280.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CERDIA FINANZ GMBH                                                 | CERDIA FINANZ GMBH SR SECURED 144A 10/31 9.375                | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |   2800000 | PA      | $2787484.00   | 0.26%             | 2031-10-03      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| APEX CREDIT CLO 2021-2A                                            | APEX CREDIT CLO LLC APEXC 2021 2A SUB 144A                    | CUSIP: 58406DAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5100000 | PA      | $1655541.09   | 0.15%             | 2034-10-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO CREDIT AGRICOLE 03/14 VAR                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -954506 | PA      | $-955527.29   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-135.40      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ANGLIAN WATER (OSPREY) FINANCING PLC                               | ANGLIAN WATER OSPREY FIN SR SECURED REGS 07/28 2              | CUSIP: ACI1YTKG5<br>LEI: 21380072JDZ74GW9ZY87 | Long             | DBT              | CORP              | GB        |   2300000 | PA      | $2792318.63   | 0.26%             | 2028-07-31      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                 | NEWFOLD DIGITAL HLDGS GRP INC. 2025 NEW MONEY TRANCHE A TL    | CUSIP: 65131PAB5<br>LEI: 549300UTQC2651SB0W88 | Long             | LON              | CORP              | US        |    283157 | PA      | $215199.17    | 0.02%             | 2029-04-30      | Floating      | 9.42%                 | No            |                  3 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2018-2                               | MILL CITY MORTGAGE TRUST MCMLT 2018 2 B1 144A                 | CUSIP: 59980MAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2594501 | PA      | $2300086.55   | 0.21%             | 2058-05-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| PRKCM 2023-AFC4 TRUST                                              | PRKCM TRUST PRKCM 2023 AFC4 A1 144A                           | CUSIP: 69380GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    513398 | PA      | $517968.15    | 0.05%             | 2058-11-25      | Fixed         | 7.22%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-MINN   | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 MINN B 144A         | CUSIP: 46650GAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $3794029.50   | 0.35%             | 2035-11-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC 2024-A                               | COLLEGE AVE STUDENT LOANS CASL 2024 A C 144A                  | CUSIP: 19424RAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    626000 | PA      | $648779.39    | 0.06%             | 2054-06-25      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO ROYAL BANK OF CAN                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -2802950 | PA      | $-2813179.19  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-736.21      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-40770.05    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW IMMO HOLDING SA                                                | NEW IMMO HOLDING SA SR UNSECURED REGS 04/28 5.875             | CUSIP: ACI2NPVJ5<br>LEI: 5493007LOTJ0I8E94R81 | Long             | DBT              | CORP              | FR        |   1700000 | PA      | $1971034.88   | 0.18%             | 2028-04-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SABESP (NOVA SECURITISATION SARL)                                  | NOVA SECURITISATION SARL SR SECURED 144A 02/31 5.75           | CUSIP: 66984FAA5<br>LEI: 636700QG9R13IDZO4Y16 | Long             | DBT              | CORP              | LU        |   1900000 | PA      | $1840588.14   | 0.17%             | 2031-02-03      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TR INC 2006-HE3                                | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2006 HE3 A2B              | CUSIP: 17310VAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2447098 | PA      | $1711444.79   | 0.16%             | 2036-12-25      | Floating      | 3.99%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC - SCRT 2017-2                                          | FREDDIE MAC   SCRT SCRT 2017 2 B 144A                         | CUSIP: 35563PBK4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3173851 | PA      | $517288.47    | 0.05%             | 2056-08-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOLENIS (OLYMPUS WATER US HOLDING CORPORATION)                     | OLYMPUS WTR US HLDG CORP SR SECURED 144A 08/32 6.75           | CUSIP: 46150DAA0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3146017.38   | 0.29%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT EUR SOLD USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $6345.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260401                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-185.90      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WINSTON RE LTD                                                     | WINSTON RE LTD UNSECURED 144A 02/31 VAR                       | CUSIP: 975660AA9<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1039700.00   | 0.10%             | 2031-02-26      | Floating      | 13.73%                | No            |                  2 | On Loan: No      |
| DATABRICKS INC                                                     | DATABRICKS INC 2025 1ST AMENDMENT TERM LOAN                   | CUSIP: 23803RAE1<br>LEI: 984500FEDAC7FBD96273 | Long             | LON              | CORP              | US        |   4830786 | PA      | $4806632.10   | 0.45%             | 2032-01-05      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LIMITED                                   | TRANSOCEAN INTERNTNL LTD SR SECURED 144A 10/32 7.875          | CUSIP: 893814AA1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   1963000 | PA      | $2098819.97   | 0.20%             | 2032-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MTGE ACQUIS CORP 2006-WMC4                               | JP MORGAN MORTGAGE ACQUISITION JPMAC 2006 WMC4 A1A            | CUSIP: 46630BAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4990456 | PA      | $3172383.86   | 0.30%             | 2036-12-25      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| COASTAL WASTE & RECYCLING (TIDAL WASTE & RECYCLING HOLDINGS LLC)   | TIDL WSTE + RCYLNG HOLDIG LLC TERM LOAN B                     | CUSIP: 88636PAK7<br>LEI: 254900IQT82RE5KFAZ50 | Long             | LON              | CORP              | US        |   2871006 | PA      | $2877824.92   | 0.27%             | 2031-10-24      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-945.23      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MI WINDOWS AND DOORS LLC                                           | MI WINDOWS AND DOORS LLC 2024 TERM LOAN B2                    | CUSIP: 55336CAK8<br>LEI: 2549001JQBGDT0WEQ156 | Long             | LON              | CORP              | US        |   2456438 | PA      | $2271172.98   | 0.21%             | 2031-03-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260430                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-285.25      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DRYDEN 123 CLO LTD 2025-123A                                       | DRSLF 2025 123A SUB 144A FEE FEE0019N8                        | CUSIP: 958WYTII4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $65901.33     | 0.01%             | 2038-04-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| MASTR ADJ RATE MTGE TRUST 2007-HF2                                 | MASTR ADJUSTABLE RATE MORTGAGE MARM 2007 HF2 A2               | CUSIP: 57645TAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    731518 | PA      | $279178.98    | 0.03%             | 2037-09-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| GATEWAY CASINOS & ENTERTAINMENT LIMITED                            | GATEWY CSINS + ENTRTINMNT LTD 2024 TERM LOAN B                | CUSIP: BA000DCX3<br>LEI: 549300JSKBQMMD1B3U44 | Long             | LON              | CORP              | CA        |   2619457 | PA      | $2626005.74   | 0.24%             | 2030-12-18      | Floating      | 9.94%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REPU BNYMELLON/RE RBC BARBADO                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -26758414 | PA      | $-26765363.49 | -2.50%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT BRL SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $14.17        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STEENBOK LUX FINCO 2 SARL                                          | STEENBOK LUX FINCO 2 SARL EUR 2ND LIEN PIK TERM LOAN A2       | CUSIP: 948FWKII5<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   8599042 | PA      | $3046366.11   | 0.28%             | 2028-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GSAA HOME EQUITY TRUST 2006-4                                      | GSAA HOME EQUITY TRUST GSAA 2006 4 4A3                        | CUSIP: 362334FK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4699376 | PA      | $2787318.27   | 0.26%             | 2036-03-25      | Floating      | 3.97%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO WELLS FARGO REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -15691675 | PA      | $-15758285.82 | -1.47%            |  |  |  | No            |                  2 | On Loan: No      |
| HARBORVIEW MORTGAGE LOAN TR 2006-1                                 | HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2006 1 1A1A              | CUSIP: 41161PA60<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18808194 | PA      | $12075373.86  | 1.13%             | 2036-03-19      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| SVF II FINCO (CAYMAN) LP                                           | SOFTBANK VISION FUND II TRANCHE B2 TERM LOAN                  | CUSIP: BA000KP70<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    103550 | PA      | $105279.54    | 0.01%             | 2029-04-25      | Floating      | 7.35%                 | No            |                  3 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260506                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-66.39       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VISTA MANAGEMENT HOLDING INC                                       | VISTAJET MALTA FINANCE P.L.C 2025 TERM LOAN B                 | CUSIP: 92842EAB4<br>LEI: 5299005VABKD28UWHI65 | Long             | LON              | CORP              | US        |   5940000 | PA      | $5888975.40   | 0.55%             | 2031-04-01      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET SEC TRUST 2005-A10                               | RESIDENTIAL ASSET SECURITIZATI RAST 2005 A10 A4               | CUSIP: 45660LXN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1217144 | PA      | $498865.89    | 0.05%             | 2035-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INGENICO TERMINALS (POSEIDON BIDCO SAS)                            | POSEIDON BIDCO SASU 2023 EUR TERM LOAN B                      | CUSIP: 953RGXII1<br>LEI: 254900LGX7YG7Y9YM766 | Long             | LON              | CORP              | GB        |   4700000 | PA      | $1629748.81   | 0.15%             | 2030-11-30      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FINANCE HOLDINGS BV                                     | MONG DUONG FIN HLDGS BV SR SECURED REGS 05/29 5.125           | CUSIP: N6000DAA1<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |   1911957 | PA      | $1882483.64   | 0.18%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                                  | NEXSTAR MEDIA INC SR SECURED 144A 09/33 6.5                   | CUSIP: 65346UAB5<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504112.00    | 0.05%             | 2033-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| YINSON PRODUCTION FINANCIAL SERVICES PTE LTD                       | YINSON PRODUCTION FINANC SR SECURED 144A REGS 05/29 9.6       | CUSIP: ACI2NT341<br>LEI: 254900TYMSC94RS33U73 | Long             | DBT              | CORP              | SG        |   2800000 | PA      | $2929200.90   | 0.27%             | 2029-05-03      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260430                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-5.57        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET MTGE PRO INC 2004-RS1                            | RESIDENTIAL ASSET MORTGAGE PRO RAMP 2004 RS1 MII2             | CUSIP: 760985N98<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3606537 | PA      | $3882375.36   | 0.36%             | 2034-01-25      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE FOODS LLC                                             | GOLDEN STATE FOOD LLC 2026 REPRICED TERM LOAN B               | CUSIP: 38121NAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3950100 | PA      | $3960290.76   | 0.37%             | 2031-12-04      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2020-3                  | FREDDIE MAC   SCRT SCRT 2020 3 BXS 144A                       | CUSIP: 35563PUB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    587476 | PA      | $341824.64    | 0.03%             | 2060-05-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260428                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-329.09      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AAMES MORTGAGE INVESTMENT TRUST 2004-1                             | AAMES MORTGAGE INVESTMENT TRUS AMIT 2004 1 M7                 | CUSIP: 00252FAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $2852684.45   | 0.27%             | 2035-01-25      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260421                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-300.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -6397050 | PA      | $-6438195.49  | -0.60%            |  |  |  | No            |                  2 | On Loan: No      |
| NOVASTAR HOME EQUITY LOAN 2006-4                                   | NOVASTAR HOME EQUITY LOAN NHEL 2006 4 A2D                     | CUSIP: 66988XAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4518736 | PA      | $1742627.08   | 0.16%             | 2036-09-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| KONA SPC LTD                                                       | KONA SPC LTD COMPANY GUAR 144A 09/26 VAR                      | CUSIP: ACI3000D0<br>LEI: 254900UKS4SVVOMZWX26 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $1163450.63   | 0.11%             | 2026-09-15      | Floating      | 5.72%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL-2006-HE6                                | MORGAN STANLEY CAPITAL INC MSAC 2006 HE6 A2FP                 | CUSIP: 61750FAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    764356 | PA      | $262799.94    | 0.02%             | 2036-09-25      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                 | ENERGY TRANSFER LP MLP                                        | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |   2652966 | NS      | $51202243.80  | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST FRANKLIN MTG LOAN 2004-FF10                                  | FIRST FRANKLIN MTG LOAN ASSET FFML 2004 FF10 M2               | CUSIP: 32027NMK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    198559 | PA      | $182595.55    | 0.02%             | 2034-05-25      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-385.49      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DIRECT CHASSISLINK (DCLI BIDCO LLC)                                | DCLI BIDCO LLC 2ND MORTGAGE 144A 11/29 7.75                   | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3339748.50   | 0.31%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CENTEX HOME EQUITY LOAN TRUST 2006-A                               | CENTEX HOME EQUITY CXHE 2006 A M4                             | CUSIP: 15231AAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17000000 | PA      | $15500630.60  | 1.45%             | 2036-06-25      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO THE BANK OF NOVA REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3045570 | PA      | $-3082328.34  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                     | REPUBLIC OF COLOMBIA SR UNSECURED 11/35 8                     | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1481000 | PA      | $1553628.24   | 0.14%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LUMMUS TECHNOLOGY HOLDINGS V LLC                                   | ILLUMINATE BUYER LLC 2025 TERM LOAN B                         | CUSIP: 45232UAH1<br>LEI: 549300K1Y0YC1YC1H809 | Long             | LON              | CORP              | US        |   3258834 | PA      | $3239916.90   | 0.30%             | 2029-12-31      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TREASURY BILL 05/26 0.00000                                   | CUSIP: 912797SW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $695974.20    | 0.06%             | 2026-05-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CRC INSURANCE GROUP LLC                                            | TRUIST INSURANCE HOLDINGS LLC 2024 TERM LOAN B                | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3700000 | PA      | $3657228.00   | 0.34%             | 2031-05-06      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE ACQI CORP 2006-CH1                              | JP MORGAN MORTGAGE ACQUISITION JPMAC 2006 CH1 M8              | CUSIP: 46629TAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4451739.00   | 0.42%             | 2036-07-25      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| ALIGNED DATA CENTERS INTERNATIONAL LP                              | ALIGNED DATA CENTERS INTER LP 2024 TERM LOAN                  | CUSIP: BA000JN59<br>LEI: 2549007PAQ06QVDCLR50 | Long             | LON              | CORP              | US        |   8000000 | PA      | $8051939.12   | 0.75%             | 2029-12-18      | Floating      | 7.22%                 | No            |                  3 | On Loan: No      |
| N/A                                                                | BOUGHT BRL SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $439822.60    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                                                  | U S RENAL CARE INC 2023 SUPERPRIORITY TERM LOAN               | CUSIP: 90290PAS3<br>LEI: 54930058SS5MF69JGN89 | Long             | LON              | CORP              | US        |   7389127 | PA      | $6978882.44   | 0.65%             | 2028-06-28      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET SEC CORP 2005-7XS                                 | STRUCTURED ASSET SECURITIES CO SASC 2005 7XS M1               | CUSIP: 86359B7L9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     91581 | PA      | $93594.84     | 0.01%             | 2035-04-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                      | COREWEAVE INC COMPANY GUAR 144A 02/31 9                       | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1238599.57   | 0.12%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SENIOR ISSUER PLC                               | THAMES WATER SUPER SEN SR SECURED REGS 10/27 9.75             | CUSIP: ACI2VYD73<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |   1100000 | PA      | $1588015.55   | 0.15%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260416                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-300.19      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | WES US TRS EQUITY SOFR+60 MYI                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $-1909.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SM ENERGY COMPANY                                                  | SM ENERGY CO SR UNSECURED 144A 08/32 7                        | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3065547.00   | 0.29%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO CREDIT AGRICOLE 03/14 VAR                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3475696 | PA      | $-3481648.20  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260421                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-134.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2018-RPL1                      | GS MORTGAGE BACKED SECURITIES GSMBS 2018 RPL1 A1A 144A        | CUSIP: 36256BAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1752360 | PA      | $1720833.70   | 0.16%             | 2057-10-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2006-NC1                                               | GSAMP TRUST GSAMP 2006 NC1 M2                                 | CUSIP: 362334EE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9044706 | PA      | $9627791.29   | 0.90%             | 2036-02-25      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| REALTRUCK GROUP INC                                                | REALTRUCK GROUP INC 2023 INCREMENTAL TERM LOAN                | CUSIP: 89778PAH0<br>LEI: 54930007KT5CX7XNSD31 | Long             | LON              | CORP              | US        |   3274937 | PA      | $2273346.44   | 0.21%             | 2028-01-31      | Floating      | 8.93%                 | No            |                  2 | On Loan: No      |
| AIR TRANSPORT SERVICES GROUP INC (STONEPEAK NILE PARENT LLC)       | STONEPEAK NILE PARENT LLC TERM LOAN                           | CUSIP: 86184XAD6<br>LEI: 254900TJV3VAFZD0GU41 | Long             | LON              | CORP              | US        |   2095188 | PA      | $2094433.23   | 0.20%             | 2032-04-09      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| BRIGHTSPRING HEALTH (PHOENIX GUARANTOR INC)                        | PHOENIX GUARANTOR INC 2024 TERM LOAN B                        | CUSIP: 71913BAK8<br>LEI: 254900JIOIDL3GSUFE55 | Long             | LON              | CORP              | US        |   3930125 | PA      | $3936275.96   | 0.37%             | 2031-02-21      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| CHASEFLEX TRUST 2007-M1                                            | CHASEFLEX TRUST CFLX 2007 M1 2F5                              | CUSIP: 16165YAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1420939 | PA      | $1209024.11   | 0.11%             | 2037-08-25      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TREASURY BILL 09/26 0.00000                                   | CUSIP: 912797UH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $196509.92    | 0.02%             | 2026-09-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-ASH8     | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 ASH8 E 144A         | CUSIP: 46649JAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    987342 | PA      | $944565.19    | 0.09%             | 2035-02-15      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| COREWEAVE COMPUTE ACQUISITION CO II LLC                            | COREWEAVE CMPTE ACQU CO II LLC 2024 DELAYED DRAW TERM LOAN    | CUSIP: BA0004JK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3144153 | PA      | $3240174.04   | 0.30%             | 2029-05-30      | Floating      | 9.70%                 | No            |                  3 | On Loan: No      |
| SALAS OBRIEN INC                                                   | SALAS OBRIEN INC TERM LOAN                                    | CUSIP: 79400JAL2<br>LEI: 254900D503Y41OFSLN80 | Long             | LON              | CORP              | US        |   2568572 | PA      | $2568571.79   | 0.24%             | 2033-01-31      | Floating      | 6.42%                 | No            |                  3 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                 | NEWFOLD DIGITAL HLDGS GRP INC. 2025 TRANCHE A TERM LOAN       | CUSIP: 65131PAC3<br>LEI: 549300UTQC2651SB0W88 | Long             | LON              | CORP              | US        |   1505249 | PA      | $1109579.02   | 0.10%             | 2029-04-30      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| SYNIVERSE HOLDINGS LLC                                             | SYNIVERSE HOLDINGS, LLC 2022 TERM LOAN                        | CUSIP: 87168TAB7<br>LEI: 549300CYZBHMZC8VLL59 | Long             | LON              | CORP              | US        |   5479350 | PA      | $5075247.67   | 0.47%             | 2027-05-13      | Floating      | 10.70%                | No            |                  3 | On Loan: No      |
| CITY OF DETROIT                                                    | DETROIT MI DET 04/44 ADJUSTABLE VAR                           | CUSIP: 251093S84<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    497159 | PA      | $383322.42    | 0.04%             | 2044-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ELECTRONIC ARTS (OAK-EAGLE ACQUIRECO INC)                          | OAK EAGLE ACQUIRECO INC SR SECURED 144A 07/33 7.25            | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |    400000 | PA      | $414697.77    | 0.04%             | 2033-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CENTEX HOME EQUITY 2004-D                                          | CENTEX HOME EQUITY CXHE 2004 D MV1                            | CUSIP: 152314LQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    386925 | PA      | $382923.31    | 0.04%             | 2034-09-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS PARTNERS LP                                    | ENTERPRISE PRODUCTS PARTNERS MLP                              | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |   1003325 | NS      | $37965818.00  | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                             | ADVANCE AUTO PARTS COMPANY GUAR 144A 08/33 7.375              | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2939628.50   | 0.27%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC 2024-A                               | COLLEGE AVE STUDENT LOANS CASL 2024 A D 144A                  | CUSIP: 19424RAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    902000 | PA      | $952940.09    | 0.09%             | 2054-06-25      | Fixed         | 8.66%                 | No            |                  2 | On Loan: No      |
| LAKESHORE LEARNING MATERIALS LLC                                   | LAKESHORE LEARNING MATERIALS TERM LOAN                        | CUSIP: 51207KAB5<br>LEI: 9845007F777G13ADC933 | Long             | LON              | CORP              | US        |   3579946 | PA      | $2855382.56   | 0.27%             | 2028-09-29      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| SM ENERGY COMPANY                                                  | SM ENERGY CO COMPANY GUAR 144A 06/33 9.625                    | CUSIP: 17888HAD5<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2210752.00   | 0.21%             | 2033-06-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-8                                  | VERUS SECURITIZATION TRUST VERUS 2023 8 A1 144A               | CUSIP: 92540DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    445229 | PA      | $447725.87    | 0.04%             | 2068-12-25      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| PERATON CORP                                                       | PERATON CORP TERM LOAN B                                      | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |   2738171 | PA      | $2343422.41   | 0.22%             | 2028-02-01      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP / JETBLUE LOYALTY LP                          | JETBLUE AIRWAYS/LOYALTY SR SECURED 144A 09/31 9.875           | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5200000 | PA      | $4921375.37   | 0.46%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -448875 | PA      | $-449339.30   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| CASSINI SAS                                                        | COMEXPOSIUM 2019 EUR REVOLVER                                 | CUSIP: 945BLZII6<br>LEI: 9695009FFM30CUZ8FO85 | Long             | LON              | CORP              | FR        |    564707 | PA      | $796314.83    | 0.07%             | 2031-10-16      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| UNITED STATES GOVT                                                 | US TREASURY N/B 08/45 4.875                                   | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    499000 | PA      | $497479.61    | 0.05%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VANTIVE HEALTH LLC                                                 | SPRUCE BIDCO II INC JPY TERM LOAN                             | CUSIP: BA000FPQ9<br>LEI: 254900D597QQOG22WQ55 | Long             | LON              | CORP              | US        |  39167156 | PA      | $244938.80    | 0.02%             | 2032-01-30      | Floating      | 5.75%                 | No            |                  3 | On Loan: No      |
| ATLAS (RAND PARENT LLC)                                            | RAND PARENT LLC SR SECURED 144A 02/30 8.5                     | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4600000 | PA      | $4725603.00   | 0.44%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET SECURITIES 2006-KS1                              | RESIDENTIAL ASSET SECURITIES C RASC 2006 KS1 M4               | CUSIP: 76113AAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4100000 | PA      | $3436112.42   | 0.32%             | 2036-02-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -13422456 | PA      | $-13550558.42 | -1.26%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $19486.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD CAD BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $510.64       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MF1 2024-FL14 LLC                                                  | MF1 MULTIFAMILY HOUSING MORTGA MF1 2024 FL14 A 144A           | CUSIP: 55416AAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9000000 | PA      | $9004355.28   | 0.84%             | 2039-03-19      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TREASURY BILL 06/26 0.00000                                   | CUSIP: 912797TE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $495770.66    | 0.05%             | 2026-06-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO/F. H. DEACON HOD 12/15 FIXED 2.079               | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -2413142 | PA      | $-2417599.70  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-8141.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | PARIBAS REVERSE REPO EUR ZCP                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |   -512598 | PA      | $-591944.32   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2004-HE9                              | MORGAN STANLEY CAPITAL INC MSAC 2004 HE9 M6                   | CUSIP: 61744CJY3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1741138 | PA      | $1537867.92   | 0.14%             | 2034-11-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LOAN TRUST 2007-OPT3                         | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2007 OPT3 2A3             | CUSIP: 83612KAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1032414 | PA      | $1021831.72   | 0.10%             | 2037-08-25      | Floating      | 3.97%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD BRL BOUGHT USD 20260602                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-21.51       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2019-GS2                             | MILL CITY MORTGAGE TRUST MCMLT 2019 GS2 M3 144A               | CUSIP: 59981TAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2850000 | PA      | $2457789.84   | 0.23%             | 2059-08-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260422                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-297.45      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260429                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-188.45      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2007-15CB                            | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2007 15CB A7             | CUSIP: 02151CAR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    961833 | PA      | $546716.62    | 0.05%             | 2037-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-300.58      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ONTARIO GAMING GTA LP/OTG CO-ISSUER INC                            | ONT GAMING GTA/OTG CO IS SR SECURED 144A 08/30 8              | CUSIP: 68306MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    218000 | PA      | $209100.21    | 0.02%             | 2030-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MASTR ADJUSTABLE RATE MORTGAGES TRUST 2006-OA2                     | MASTR ADJUSTABLE RATE MORTGAGE MARM 2006 OA2 1A1              | CUSIP: 55275NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4467352 | PA      | $3475140.33   | 0.32%             | 2046-12-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                 | NEWFOLD DIGITAL HLDGS GR SECURED 144A 04/29 11.75             | CUSIP: 650929AD4<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |    835330 | PA      | $340606.20    | 0.03%             | 2029-04-30      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2022-AHP                              | BX TRUST BX 2022 AHP E 144A                                   | CUSIP: 05610FAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2951748 | PA      | $2948173.93   | 0.27%             | 2039-01-17      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD EUR BOUGHT USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-48912.34    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2025-2                  | FREDDIE MAC   SCRT SCRT 2025 2 M 144A                         | CUSIP: 35563VCH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $422712.20    | 0.04%             | 2065-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SW (FINANCE) I PLC                                                 | SW (FINANCE) I PLC SR SECURED REGS 12/41 7.375                | CUSIP: ACI2LKWT5<br>LEI: 549300BHN1HB5BNG2R96 | Long             | DBT              | CORP              | GB        |   2200000 | PA      | $2886899.33   | 0.27%             | 2041-12-12      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | WES US TRS EQUITY SOFR+60 *BULLET* FAR                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $919377.54    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ENFRAGEN ENERGIA SUR SAU/ ENFRAGEN CHILE SPA/ ENFRAGEN SPAIN SAU   | ENFRAGEN ENERGIA SUR SAU SR SECURED 144A 06/32 8.499          | CUSIP: 29281MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | ES        |   2000000 | PA      | $2021039.30   | 0.19%             | 2032-06-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -24736153 | PA      | $-24761823.56 | -2.31%            |  |  |  | No            |                  2 | On Loan: No      |
| CSMC 2021-RPL2 TRUST                                               | CREDIT SUISSE MORTGAGE TRUST CSMC 2021 RPL2 A1A 144A          | CUSIP: 12656TAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2328441 | PA      | $1970693.82   | 0.18%             | 2060-01-25      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE                                                      | ALTICE FRANCE SA SR SECURED 144A 07/32 6.875                  | CUSIP: 02090DAE8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    505490 | PA      | $479423.63    | 0.04%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PIMCO FUNDS                                                        | PIMCO PRV SHORT TERM FLT III MUTUAL FUND                      | CUSIP: 000000000<br>LEI: LWVQWTQCFH3YG7CVH718 | Long             | STIV             | RF                | US        |  14709100 | PA      | $143251926.33 | 13.36%            |  |  |  | No            |                  1 | On Loan: No      |
| ROMANIA GOVT                                                       | ROMANIA ROMANIA                                               | CUSIP: ACI2MY5W7<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   2500000 | PA      | $2776236.64   | 0.26%             | 2036-02-22      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP / GENESIS ENERGY FINANCE CORP                    | GENESIS ENERGY LP/FIN COMPANY GUAR 03/34 6.75                 | CUSIP: 37185LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $398384.24    | 0.04%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2019-3                  | FREDDIE MAC   SCRT SCRT 2019 3 BXS                            | CUSIP: 35563PMB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17284423 | PA      | $7873412.52   | 0.73%             | 2058-10-25      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| FLORA FOOD MANAGEMENT BV                                           | FLORA FOOD MANAGEMENT BV SR SECURED 144A 10/30 7.5            | CUSIP: ACI386PJ9<br>LEI: 2549002VGA888UKFKS25 | Long             | DBT              | CORP              | NL        |    700000 | PA      | $801907.63    | 0.07%             | 2030-10-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD EUR BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-2735.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMAWATERWAYS (LC AHAB US BIDCO LLC)                                | LC AHAB US BIDCO LLC TERM LOAN B                              | CUSIP: 50180PAB7<br>LEI: 254900949U9K2Q5C5A85 | Long             | LON              | CORP              | US        |   7894849 | PA      | $7830703.59   | 0.73%             | 2031-05-01      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| VANTIVE HEALTH (SPRUCE BIDCO II INC)                               | SPRUCE BIDCO II INC REVOLVER                                  | CUSIP: BA000FL00<br>LEI: 254900ZDXA1N7X9RDU49 | Long             | LON              | CORP              | US        |    458257 | PA      | $457432.04    | 0.04%             | 2032-01-30      | Fixed         | 2.25%                 | No            |                  3 | On Loan: No      |
| INSULET CORPORATION                                                | INSULET CORPORATION SR UNSECURED 144A 04/33 6.5               | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |   4700000 | PA      | $4800753.90   | 0.45%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT GBP SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-4212.84     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DRYDEN 123 CLO LTD 2025-123A                                       | DRYDEN SENIOR LOAN FUND DRSLF 2025 123A SUB 144A              | CUSIP: 26253PAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2288413.59   | 0.21%             | 2038-04-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES COMPANY                                          | MATADOR RESOURCES CO COMPANY GUAR 144A 04/33 6.25             | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4006300.00   | 0.37%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP 2006-NC3                                       | ACE SECURITIES CORP. ACE 2006 NC3 A2D                         | CUSIP: 00442EAH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17011993 | PA      | $4243469.88   | 0.40%             | 2036-12-25      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP / GLP FINANCE CORP                              | GLOBAL PART/GLP FINANCE COMPANY GUAR 144A 07/33 7.125         | CUSIP: 37954FAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2017586.00   | 0.19%             | 2033-07-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260430                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-334.49      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GSAA HOME EQUITY TRUST 2006-20                                     | GSAA HOME EQUITY TRUST GSAA 2006 20 1A2                       | CUSIP: 362351AB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12357948 | PA      | $3481745.56   | 0.32%             | 2046-12-25      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO CREDIT AGRICOLE 03/14 VAR                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -285830 | PA      | $-286132.09   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD HKD BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HK        |         1 | NC      | $1266.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MF1 MULTIFAMILY HOUSING MORTGAGE LOAN TRUST 2025-FL17              | MF1 MULTIFAMILY HOUSING MORTGA MF1 2025 FL17 A 144A           | CUSIP: 55287HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $498706.87    | 0.05%             | 2040-02-18      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD HKD BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HK        |         1 | NC      | $2162.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | RFR USD SOFR/3.75000 12/17/25-20Y LCH                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $350153.40    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| PFP 2024-11 LTD                                                    | PFP III PFP 2024 11 A 144A                                    | CUSIP: 69291WAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    217786 | PA      | $218261.12    | 0.02%             | 2039-09-17      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| FHF TRUST 2022-2                                                   | FIRST HELP FINANCIAL LLC FHF 2022 2A C 144A                   | CUSIP: 31568EAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $499922.40    | 0.05%             | 2030-01-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260413                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-390.01      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2005-11                              | COUNTRYWIDE ASSET BACKED CERTI CWL 2005 11 AF5A               | CUSIP: 126670CK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    479858 | PA      | $465273.76    | 0.04%             | 2036-02-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| PRPM 2023-RCF2 LLC                                                 | PRESTON RIDGE PARTNERS MORTGAG PRPM 2023 RCF2 A1 144A         | CUSIP: 69380RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    309909 | PA      | $305784.15    | 0.03%             | 2053-11-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD BRL BOUGHT USD 20260602                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-14.24       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET SEC TRUST 2006-A1                                | RESIDENTIAL ASSET SECURITIZATI RAST 2006 A1 1A3               | CUSIP: 45660L6K0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    997589 | PA      | $421567.11    | 0.04%             | 2036-04-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ASSET BACKED SECURITIES TRUST 2007-HE1                | BEAR STEARNS ASSET BACKED SECU BSABS 2007 HE1 2M1             | CUSIP: 07389UAT6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22798068 | PA      | $22239674.46  | 2.07%             | 2037-01-25      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC - SCRT 2017-2                                          | FREDDIE MAC   SCRT SCRT 2017 2 XSIO 144A                      | CUSIP: 35563PBN8<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        | 121069221 | PA      | $507292.14    | 0.05%             | 2056-08-25      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| HARBOR FREIGHT TOOLS USA INC                                       | HARBOR FREIGHT TOOLS USA INC 2024 TERM LOAN B                 | CUSIP: 41151PAR6<br>LEI: 549300Y48HLCFTTB4249 | Long             | LON              | CORP              | US        |   3200000 | PA      | $3171568.00   | 0.30%             | 2031-06-11      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS LP                                                | ANTARES HOLDINGS SR UNSECURED 144A 10/29 6.35                 | CUSIP: 03666HAH4<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3169231.78   | 0.30%             | 2029-10-23      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | RFR USD SOFR/3.75000 12/17/25-10Y LCH                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $83173.54     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LIMITED                                   | TRANSOCEAN INTERNTNL LTD COMPANY GUAR 144A 05/29 8.25         | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $2584697.50   | 0.24%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                 | NEWFOLD DIGITAL HLDGS GR SR SECURED 144A 04/29 11.75          | CUSIP: 650929AC6<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |   2932886 | PA      | $2369595.91   | 0.22%             | 2029-04-30      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3468000 | PA      | $-3509327.00  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| INTELSAT SA                                                        | SES S A COMMON STOCK                                          | CUSIP: 000000000<br>LEI: 549300YV2L21F4K80V46 | Long             | EC               | CORP              | LU        |     21303 | NS      | $319545.00    | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| DATABRICKS INC                                                     | DATABRICKS INC 2025 DELAYED DRAW TERM LOAN                    | CUSIP: 23803RAF8<br>LEI: 984500FEDAC7FBD96273 | Long             | LON              | CORP              | US        |   1069214 | PA      | $1063867.90   | 0.10%             | 2032-01-05      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| MODULAIRE (BCP V MODULAR SERVICES FINANCE II PLC)                  | BCP MODULAR SERVICES SR SECURED 144A 07/31 6.5                | CUSIP: ACI2YGQW0<br>LEI: 213800227GGD6UI7PI97 | Long             | DBT              | CORP              | GB        |   1450000 | PA      | $1434379.70   | 0.13%             | 2031-07-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARM MUSTANG EXPRESS HOLDCO LLC                                     | MUSTANG EXPRESS SERIES A PFD U MUSTANG EXPRESS SERIES A PFD U | CUSIP: 958LNU906<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20383 | NS      | $20383250.00  | 1.90%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                | BOUGHT CAD SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $-101320.26   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -35726812 | PA      | $-35731357.74 | -3.33%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | EPD US TRS EQUITY SOFR+60 *BULLET* GST                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $851828.63    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLOBAL FINANCE LLC                                 | BURFORD CAPITAL GLBL FIN COMPANY GUAR 144A 07/31 9.25         | CUSIP: 12116LAE9<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3434041.00   | 0.32%             | 2031-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO CIBC                                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -13853609 | PA      | $-13907514.44 | -1.30%            |  |  |  | No            |                  2 | On Loan: No      |
| COLONY MORTGAGE CAPITAL SERIES LTD 2019-IKPR                       | COLONY MORTGAGE CAPITAL LTD CLNY 2019 IKPR B 144A             | CUSIP: 12564NAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3115000 | PA      | $3077230.63   | 0.29%             | 2038-11-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                     | GRAY MEDIA INC SECURED 144A 07/32 9.625                       | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600519.90    | 0.06%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2019-4                  | FREDDIE MAC   SCRT SCRT 2019 4 BXS 144A                       | CUSIP: 35563PNE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2492510 | PA      | $1045458.83   | 0.10%             | 2059-02-25      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS INC 2006-QS14                           | RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QS14 A25             | CUSIP: 74922GBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3954935 | PA      | $3296925.27   | 0.31%             | 2036-11-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-MINN   | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 MINN C 144A         | CUSIP: 46650GAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $2849302.00   | 0.27%             | 2035-11-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO TORONTO DOMINIO                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3150840 | PA      | $-3188676.34  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| POPULAR ABS MTGE PASS THRU TRUST 2006-E                            | POPULAR ABS MORTGAGE PASS THRO POPLR 2006 E M1                | CUSIP: 73316TAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11354983 | PA      | $10160550.21  | 0.95%             | 2037-01-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET SECURITIES CO-2007-TC1                            | STRUCTURED ASSET SECURITIES CO SASC 2007 TC1 M5 144A          | CUSIP: 86364GAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2772000 | PA      | $2904308.11   | 0.27%             | 2031-04-25      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| PANAMA INFRASTRUCTURE RECEIVABLE PURCHASER PLC                     | PANAMA INFRASTRUCTURE SR SECURED 144A 04/32 0.00000           | CUSIP: 69828QAD9<br>LEI: 213800QSH7EDGMUDJW25 | Long             | DBT              | CORP              | GB        |   7598000 | PA      | $5949537.92   | 0.55%             | 2032-04-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT BRL SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $9.12         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DENALI INTERMEDIATE HOLDINGS INC                                   | DUN + BRADSTREET CORPOR THE 2025 TERM LOAN                    | CUSIP: BA000K739<br>LEI: 2549003M8H6SW81O1D67 | Long             | LON              | CORP              | US        |   2267045 | PA      | $2222452.21   | 0.21%             | 2032-08-26      | Floating      | 9.18%                 | No            |                  3 | On Loan: No      |
| PATTERSON CO (PARADIGM PARENT LLC)                                 | PARADIGM PARENT LLC 1ST LIEN TERM LOAN                        | CUSIP: 69902BAB5<br>LEI: 254900EDT9YE5UFH3458 | Long             | LON              | CORP              | US        |   1094500 | PA      | $908435.00    | 0.08%             | 2032-04-16      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TREASURY BILL 07/26 0.00000                                   | CUSIP: 912797UR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $98819.45     | 0.01%             | 2026-07-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UBISOFT ENTERTAINMENT                                              | UBISOFT ENTERTAINMENT SA SR UNSECURED REGS 11/27 0.878        | CUSIP: ACI1SYQ75<br>LEI: 969500I7C8V1LBIMSM05 | Long             | DBT              | CORP              | FR        |    900000 | PA      | $840354.00    | 0.08%             | 2027-11-24      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| CSAB MORTGAGE BACKED TR 2006-2                                     | CSAB MORTGAGE BACKED TRUST CSAB 2006 2 A6A                    | CUSIP: 12627HAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2682966 | PA      | $715126.44    | 0.07%             | 2036-09-25      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | RFR USD SOFR/3.75000 06/20/24-10Y CME                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-550.14      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2018-1                  | FREDDIE MAC   SCRT SCRT 2018 1 BX                             | CUSIP: 35563PEX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4898112 | PA      | $2108698.39   | 0.20%             | 2057-05-25      | Variable      | 3.43%                 | No            |                  2 | On Loan: No      |
| SALAS OBRIEN INC                                                   | SALAS OBRIEN INC DELAYED DRAW TERM LOAN                       | CUSIP: 79400JAM0<br>LEI: 254900D503Y41OFSLN80 | Long             | LON              | CORP              | US        |    331429 | PA      | $331428.57    | 0.03%             | 2033-01-31      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| CHORD ENERGY CORPORATION                                           | CHORD ENERGY CORP COMPANY GUAR 144A 03/33 6.75                | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1446301.05   | 0.13%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SIERRA PACIFIC POWER COMPANY                                       | SIERRA PACIFIC POWER CO JR SUBORDINA 12/55 VAR                | CUSIP: 826418BR5<br>LEI: QB888G5GSVGE1LD1WV84 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3114565.44   | 0.29%             | 2055-12-15      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REPU BNYMELLON/RE RBC BARBADO                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -17225958 | PA      | $-17347573.18 | -1.62%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BRENT CRUDE FUTR  JUL26 IFEU 20260529                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        22 | NC      | $155524.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | SOLD EUR BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-3486.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT BRL SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $21.52        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| US LBM (LBM ACQUISITION LLC)                                       | LBM ACQUISITION LLC COMPANY GUAR 144A 01/29 6.25              | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |   5400000 | PA      | $3952646.10   | 0.37%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT CAD SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $-80401.18    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE SA                                                          | ALTICE HOLDINGS 1 12/99 0                                     | CUSIP: 000000000<br>LEI: 549300LA7PKCH18B3S39 | Long             | EC               | CORP              | LU        |      3764 | NS      | $52207.44     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                 | NEWFOLD DIGITAL HLDGS GRP INC. 2025 TRANCHE B TERM LOAN       | CUSIP: 65131PAD1<br>LEI: 549300UTQC2651SB0W88 | Long             | LON              | CORP              | US        |    344692 | PA      | $113748.24    | 0.01%             | 2029-04-30      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| ONE TORONTO GAMING (ONTARIO GAMING GTA LP)                         | ONTARIO GAMING GTA LP TERM LOAN B                             | CUSIP: C6907UAB7<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |   1496173 | PA      | $1405737.26   | 0.13%             | 2030-08-01      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| ASPIRE BAKERIES HOLDINGS LLC                                       | ASPIRE BAKERIES HOLDINGS LLC 2025 REPRICED TERM LOAN          | CUSIP: 02106XAK2<br>LEI: 549300MWN7R72KAKOD18 | Long             | LON              | CORP              | US        |    990000 | PA      | $992475.00    | 0.09%             | 2030-12-23      | Floating      | 6.67%                 | No            |                  3 | On Loan: No      |
| NOMURA ASSET ACCEPT CORP 2006-AF2                                  | NOMURA ASSET ACCEPTANCE CORPOR NAA 2006 AF2 1A5               | CUSIP: 65536VAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7786111 | PA      | $1982488.76   | 0.18%             | 2036-08-25      | Variable      | 7.01%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ASSETBK SEC 2005-AQ2                                  | BEAR STEARNS ASSET BACKED SECU BSABS 2005 AQ2 M2              | CUSIP: 0738792W7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17007129 | PA      | $16708829.31  | 1.56%             | 2035-09-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| RENAISSANCE HOME EQUITY LOAN TR 2004-1                             | RENAISSANCE HOME EQUITY LOAN T RAMC 2004 1 AV1                | CUSIP: 759950CA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1154001 | PA      | $1066162.70   | 0.10%             | 2034-05-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD BRL BOUGHT USD 20260602                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-9.14        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHASEFLEX TRUST 2007-M1                                            | CHASEFLEX TRUST CFLX 2007 M1 2AV3                             | CUSIP: 16165YAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2226465 | PA      | $1872655.80   | 0.17%             | 2037-08-25      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| VARSITY BRANDS INC                                                 | VARSITY BRANDS INC 2025 1ST LIEN TERM LOAN                    | CUSIP: 92227QAG1<br>LEI: 254900PLBJA0I5NSTT38 | Long             | LON              | CORP              | US        |   6252829 | PA      | $6234289.11   | 0.58%             | 2031-08-26      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| SMRT 2022-MINI                                                     | SMRT SMRT 2022 MINI A 144A                                    | CUSIP: 78457JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $499791.70    | 0.05%             | 2039-01-15      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORP TRUST 2018-RIVR                        | GS MORTGAGE SECURITIES TRUST GSMS 2018 RIVR A 144A            | CUSIP: 36255WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    998281 | PA      | $658835.20    | 0.06%             | 2035-07-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                            | KODIAK GAS SERVICES LLC COMPANY GUAR 144A 04/31 5.875         | CUSIP: 50012LAF1<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100557.24    | 0.01%             | 2031-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TREASURY BILL 06/26 0.00000                                   | CUSIP: 912797TD9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $99221.90     | 0.01%             | 2026-06-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OBX 2023-NQM10 TRUST                                               | ONSLOW BAY FINANCIAL LLC OBX 2023 NQM10 A1 144A               | CUSIP: 67449CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    527290 | PA      | $531070.61    | 0.05%             | 2063-10-25      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| SEADRILL FINANCE LIMITED                                           | SEADRILL FINANCE LTD SECURED 144A 08/30 8.375                 | CUSIP: 81172QAA2<br>LEI: 213800WMN3OHFUDHD642 | Long             | DBT              | CORP              | BM        |   4475000 | PA      | $4631035.02   | 0.43%             | 2030-08-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD CAD BOUGHT USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $79930.79     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL GMBH                                      | CHEPLAPHARM ARZNEIMITTEL SR SECURED REGS 05/30 7.5            | CUSIP: ACI2FPJG4<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |   3000000 | PA      | $3503210.19   | 0.33%             | 2030-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VIALTO PARTNERS (GALAXY US OPCO INC)                               | GALAXY US OPCO INC. TERM LOAN                                 | CUSIP: 36321DAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2045637 | PA      | $1775326.27   | 0.17%             | 2030-07-31      | Fixed         | 8.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -13082661 | PA      | $-13365711.23 | -1.25%            |  |  |  | No            |                  2 | On Loan: No      |
| VALARIS LIMITED                                                    | VALARIS LTD SECURED 144A 04/30 8.375                          | CUSIP: 91889FAC5<br>LEI: 5299008BQ9IREYWBTS30 | Long             | DBT              | CORP              | BM        |   6650000 | PA      | $6894094.90   | 0.64%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2020-1                  | FREDDIE MAC   SCRT SCRT 2020 1 BXS                            | CUSIP: 35563PPP8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12058880 | PA      | $6427156.54   | 0.60%             | 2059-08-25      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| CREDIT OPPORTUNITIES PARTNERS JV LLC                               | CREDIT OPPORTUNITIES PARTNERS 2025A SR UNSECD NT TRANCHE B    | CUSIP: 955SEVII3<br>LEI: 5493003CSKFS2RY0JR63 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295398.83    | 0.03%             | 2030-03-20      | Fixed         | 6.74%                 | Yes           |                  3 | On Loan: No      |
| DIAMOND FOREIGN ASSET CO / DIAMOND FINANCE LLC                     | DIAMOND FRGN/DIAMOND FIN SECURED 144A 10/30 8.5               | CUSIP: 25260WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2970000 | PA      | $3139102.89   | 0.29%             | 2030-10-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| UNITED PACIFIC (AKA: APRO LLC)                                     | APRO LLC 2024 TERM LOAN B                                     | CUSIP: 03834XAP8<br>LEI: 549300HALLMPVGYAKP14 | Long             | LON              | CORP              | US        |   4922525 | PA      | $4944061.17   | 0.46%             | 2031-07-09      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| GSAA HOME EQUITY TRUST 2007-2                                      | GSAA HOME EQUITY TRUST GSAA 2007 2 AV1                        | CUSIP: 3622EUAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8370936 | PA      | $1452428.51   | 0.14%             | 2037-03-25      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $5797.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRST FRANKLIN MTG LOAN ABS 2006-FF13                              | FIRST FRANKLIN MTG LOAN ASSET FFML 2006 FF13 A1               | CUSIP: 30247DAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10722538 | PA      | $6860975.93   | 0.64%             | 2036-10-25      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -19514469 | PA      | $-19723382.40 | -1.84%            |  |  |  | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                        | STARWOOD PROPERTY TRUST SR UNSECURED 144A 04/29 7.25          | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2783373.30   | 0.26%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                          | SUNOCO LP MLP                                                 | CUSIP: 86765K109<br>LEI: 54930001NJU8E40NQ561 | Long             | EC               | CORP              | US        |    328315 | NS      | $21330625.55  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| VANTIVE HEALTH LLC                                                 | SPRUCE BIDCO II INC TERM LOAN                                 | CUSIP: BA000FPP1<br>LEI: 254900D597QQOG22WQ55 | Long             | LON              | CORP              | US        |   2018144 | PA      | $2001797.45   | 0.19%             | 2032-01-30      | Fixed         | 8.45%                 | No            |                  3 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260403                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-367.37      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FIRST FRANKLIN MORTGAGE LOAN TRUST 2006-FF7                        | FIRST FRANKLIN MTG LOAN ASSET FFML 2006 FF7 2A4               | CUSIP: 320277AF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1336616.85   | 0.12%             | 2036-05-25      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO ROYAL BANK OF CAN                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -8586349 | PA      | $-8658856.15  | -0.81%            |  |  |  | No            |                  2 | On Loan: No      |
| BEAR STEARNS ASSETBACK SEC 2006-HE8                                | BEAR STEARNS ASSET BACKED SECU BSABS 2006 HE8 2M2             | CUSIP: 07388JAT2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3264217 | PA      | $3191242.32   | 0.30%             | 2036-10-25      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO/F. H. DEACON HOD 12/15 FIXED 2.079               | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        | -16734352 | PA      | $-16736480.53 | -1.56%            |  |  |  | No            |                  2 | On Loan: No      |
| BEIGNET INVESTOR LLC                                               | BEIGNET INVESTOR LLC SR SECURED 144A 05/49 6.581              | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13790000 | PA      | $14188950.91  | 1.32%             | 2049-05-30      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT CAD SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $-87799.40    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | MPLX US TRS EQUITY SOFR+60 *BULLET* GST                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $1171.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SENIOR ISSUER PLC                               | THAMES WATER SUPER SEN SR SECURED 144A 10/27 9.75             | CUSIP: ACI2VXTH6<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |    660600 | PA      | $953675.52    | 0.09%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | PAA US TRS EQUITY SOFR+60 *BULLET* GST                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $171300.64    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO USA PC (AKA: BDO USA PA)                                       | BDO USA P C 2025 TERM LOAN                                    | CUSIP: BA000RR32<br>LEI: 549300HCLKYOUFB75R55 | Long             | LON              | CORP              | US        |    339750 | PA      | $335619.23    | 0.03%             | 2028-08-31      | Floating      | 8.17%                 | No            |                  3 | On Loan: No      |
| PELICAN PIPELINE LLC                                               | PELICAN PIPELINE LLC TERM LOAN B                              | CUSIP: BA000Y6F3<br>LEI: 21380091KNGYV9OKWY26 | Long             | LON              | CORP              | US        |   2300000 | PA      | $2304312.50   | 0.21%             | 2033-03-25      | Floating      | 6.47%                 | No            |                  3 | On Loan: No      |
| N/A                                                                | REV REPO  CANADIAN IMPERIAL BA                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |  -4081785 | PA      | $-5447607.64  | -0.51%            |  |  |  | No            |                  2 | On Loan: No      |
| COLUMBUS MCKINNON CORPORATION                                      | COLUMBUS MCKINNON CORP SR SECURED 144A 02/33 7.125            | CUSIP: 199333AK1<br>LEI: 549300W3HQB0HO1F3G69 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3001425.00   | 0.28%             | 2033-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| NSCALE SERVICES UK LIMITED                                         | NSCALE DELAYED DRAW TERM LOAN                                 | CUSIP: BA000WQD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3000000 | PA      | $3000000.00   | 0.28%             | 2032-08-11      | Floating      | 0.36%                 | No            |                  3 | On Loan: No      |
| COMETE HOLDING                                                     | COMEXPOSIUM 2019 EUR TERM LOAN B                              | CUSIP: 964NDFII9<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |   1024654 | PA      | $1444902.79   | 0.13%             | 2031-07-10      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                | BOUGHT GBP SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-79277.34    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $50103.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WINSTON RE LTD                                                     | WINSTON RE LTD UNSECURED 144A 02/31 VAR                       | CUSIP: 975660AB7<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1043800.00   | 0.10%             | 2031-02-26      | Floating      | 15.21%                | No            |                  2 | On Loan: No      |
| MORGAN STANLEY MTGE LN TRUST 2006-11                               | MORGAN STANLEY MORTGAGE LOAN T MSM 2006 11 1A6                | CUSIP: 61749WAM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2533281 | PA      | $406884.68    | 0.04%             | 2036-08-25      | Variable      | 6.73%                 | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LN TR 2006-3                                 | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2006 3 A4                 | CUSIP: 83612HAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    232985 | PA      | $223748.84    | 0.02%             | 2036-11-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                               | LIFEPOINT HEALTH INC 2024 1ST LIEN TERM LOAN B                | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |   6583210 | PA      | $6592689.96   | 0.61%             | 2031-05-19      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA (VMED O2 UK FINANCING I PLC)                          | VMED O2 UK FINANCING I SR SECURED 144A 04/32 7.75             | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   8000000 | PA      | $7678367.36   | 0.72%             | 2032-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| WBI OPERATING LLC                                                  | WBI OPERATING LLC COMPANY GUAR 144A 10/30 6.25                | CUSIP: 92944BAA9<br>LEI: 254900POBWB4RX0ODY78 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2013270.00   | 0.19%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IGT-IGNITE (VOYAGER PARENT LLC)                                    | VOYAGER PARENT LLC SR SECURED 144A 07/32 9.25                 | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2597097.50   | 0.24%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM PARTNERS LP                                      | WESTERN MIDSTREAM PARTNERS L MLP                              | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    443487 | NS      | $18258359.79  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL INC                                                 | VENTURE GLOBAL INC CL A COMMON STOCK USD.01                   | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |   9313134 | NS      | $146774991.84 | 13.68%            |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                                             | SEMPRA JR SUBORDINA 10/54 VAR                                 | CUSIP: 816851BT5<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3091348.83   | 0.29%             | 2054-10-01      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD EUR BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $802477.85    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL GMBH                                      | CHEPLAPHARM ARZNEIMITTEL SR SECURED 144A 06/31 7.125          | CUSIP: ACI2Y4GV0<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $696513.53    | 0.06%             | 2031-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2018-4                                   | TOWD POINT MORTGAGE TRUST TPMT 2018 4 A1 144A                 | CUSIP: 89175TAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1459875 | PA      | $1383730.74   | 0.13%             | 2058-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| LEHMAN XS TRUST 2007-16N                                           | LEHMAN XS TRUST LXS 2007 16N 2A1                              | CUSIP: 52525BAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1715873 | PA      | $1560465.14   | 0.15%             | 2047-09-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| EXCELERATE ENERGY LIMITED PARTNERSHIP                              | EXCELERATE ENERGY LP COMPANY GUAR 144A 05/30 8                | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4712719.50   | 0.44%             | 2030-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DENALI INTERMEDIATE HOLDINGS INC                                   | DUN + BRADSTREET CORPOR THE 2025 REVOLVER                     | CUSIP: BA000K747<br>LEI: 2549003M8H6SW81O1D67 | Long             | LON              | CORP              | US        |    227273 | PA      | $227272.73    | 0.02%             | 2032-08-26      | Floating      | 0.63%                 | No            |                  3 | On Loan: No      |
| APS RESECURITIZATION TRUST 2014-1                                  | APS RESECURITIZATION TRUST APS 2014 1 1M 144A                 | CUSIP: 00191PAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6486982 | PA      | $1697291.04   | 0.16%             | 2054-08-28      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -3244440 | PA      | $-3274665.56  | -0.31%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD EUR BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-6361.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TREASURY BILL 05/26 0.00000                                   | CUSIP: 912797TL1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    389000 | PA      | $387671.80    | 0.04%             | 2026-05-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TREASURY BILL 07/26 0.00000                                   | CUSIP: 912797UQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $98891.54     | 0.01%             | 2026-07-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TREASURY BILL 06/26 0.00000                                   | CUSIP: 912797QX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $496458.08    | 0.05%             | 2026-06-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAXON ASSET SECURITIES TRUST 2007-2                                | SAXON ASSET SECURITIES TRUST SAST 2007 2 A2B                  | CUSIP: 80556YAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    477405 | PA      | $354560.37    | 0.03%             | 2037-05-25      | Floating      | 3.97%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET SEC TRUST 2005-A10                               | RESIDENTIAL ASSET SECURITIZATI RAST 2005 A10 A3               | CUSIP: 45660LXM6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4066937 | PA      | $1666898.51   | 0.16%             | 2035-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INTEGRITY RE LTD                                                   | INTEGRITY RE LTD SR UNSECURED 144A 06/26 VAR                  | CUSIP: 45833UAM3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    650000 | PA      | $675025.00    | 0.06%             | 2026-06-08      | Floating      | 26.31%                | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -7619914 | PA      | $-7638775.44  | -0.71%            |  |  |  | No            |                  2 | On Loan: No      |
| COTIVITI INC                                                       | COTIVITI CORPORATION 2024 TERM LOAN                           | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   2940225 | PA      | $2716047.54   | 0.25%             | 2031-05-01      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET SEC CORP 2006-GEL1                                | STRUCTURED ASSET SECURITIES CO SASC 2006 GEL1 M3 144A         | CUSIP: 863576EJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7388699 | PA      | $6648016.59   | 0.62%             | 2035-11-25      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO ROYAL BANK OF CAN                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -7808256 | PA      | $-7874951.78  | -0.73%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT GBP SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $1722.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT EUR SOLD USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $3400.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | PAA US TRS EQUITY SOFR+60 *BULLET* FAR                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $1890038.57   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2006-4                                    | BEAR STEARNS ALT A TRUST BALTA 2006 4 23A4                    | CUSIP: 073871BB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1092575 | PA      | $713955.86    | 0.07%             | 2036-08-25      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SUN US TRS EQUITY SOFR+60 GST                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $753.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MPLX LP                                                            | MPLX LP MLP                                                   | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |    829136 | NS      | $47318791.52  | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UNICORN BAY (HONG KONG) INVESTMENTS LIMITED                        | UNICORN BAY HKD FIXED TERM LOAN A                             | CUSIP: BA00077Z7<br>LEI: N/A                  | Long             | LON              | CORP              | HK        |  20862502 | PA      | $2693883.96   | 0.25%             | 2026-12-31      | Fixed         | 13.00%                | No            |                  3 | On Loan: No      |
| N/A                                                                | BOUGHT TRY SOLD USD 20260427                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $81.82        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | CCA VINTAGE 2026  DEC26 IFED 20261224                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |      1284 | NC      | $-3653293.28  | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC                                               | WEC ENERGY GROUP INC 92939UA 7 SERIES 2024A                   | CUSIP: 958XBKII6<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7918512.24   | 0.74%             | 2055-06-15      | Floating      | 6.69%                 | Yes           |                  3 | On Loan: No      |
| INEOS US FINANCE LLC                                               | INEOS US FINANCE LLC 2024 USD 1ST LIEN TERM LOAN B            | CUSIP: G4768PAS0<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |    343559 | PA      | $297300.56    | 0.03%             | 2031-02-07      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| NOVOLEX (CLYDESDALE ACQUISITION HOLDINGS INC)                      | CLYDESDALE ACQUISITION COMPANY GUAR 144A 04/30 8.75           | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   5100000 | PA      | $4763164.89   | 0.44%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD BRL BOUGHT USD 20260702                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-38.73       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260414                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-312.08      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CARVANA CO                                                         | CARVANA CO SR SECURED 144A 06/31 9                            | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3895196.40   | 0.36%             | 2031-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                     | GRAY MEDIA INC SR SECURED 144A 07/29 10.5                     | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2371037.42   | 0.22%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LN TRUST 2006-NLC1                           | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2006 NLC1 A4 144A         | CUSIP: 83611DAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7080059 | PA      | $1872116.93   | 0.17%             | 2036-11-25      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM LP                                                  | HESS MIDSTREAM LP   CLASS A COMMON STOCK                      | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    132828 | NS      | $5163024.36   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SVF II FINCO (CAYMAN) LP                                           | SOFTBANK VISION FUND II TRANCHE B1 TERM LOAN                  | CUSIP: BA000KP88<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    809160 | PA      | $822672.98    | 0.08%             | 2029-04-25      | Floating      | 7.35%                 | No            |                  3 | On Loan: No      |
| MFA 2023-NQM4 TRUST                                                | MFRA TRUST MFRA 2023 NQM4 A1 144A                             | CUSIP: 55286LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    535595 | PA      | $538630.84    | 0.05%             | 2068-12-25      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| LONG BEACH MORTGAGE LOAN TR 2006-6                                 | LONG BEACH MORTGAGE LOAN TRUST LBMLT 2006 6 2A4               | CUSIP: 54251RAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1605135 | PA      | $657331.96    | 0.06%             | 2036-07-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| HSI ASSET SECURI CORP TRUS 2007-NC1                                | HSI ASSET SECURITIZATION CORPO HASC 2007 NC1 A1               | CUSIP: 40430TAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    101594 | PA      | $65517.88     | 0.01%             | 2037-04-25      | Floating      | 3.99%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INV INC 2004-WMC4                           | MERRILL LYNCH MORTGAGE INVESTO MLMI 2004 WMC4 M2              | CUSIP: 59020UDG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1042776 | PA      | $1056084.25   | 0.10%             | 2035-04-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET SECURITIES 2005-EMX2                             | RESIDENTIAL ASSET SECURITIES C RASC 2005 EMX2 M6              | CUSIP: 76110W2M7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750135 | PA      | $1757775.84   | 0.16%             | 2035-07-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| GCAT 2023-NQM4 TRUST                                               | GCAT GCAT 2023 NQM4 A1 144A                                   | CUSIP: 36171FAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    803766 | PA      | $759393.93    | 0.07%             | 2067-05-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BRENT CRUDE FUTR  DEC26 IFEU 20261030                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        15 | NC      | $99494.26     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | SOLD CAD BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $648596.85    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE ACQI CORP 2006-CW2                              | JP MORGAN MORTGAGE ACQUISITION JPMAC 2006 CW2 AF4             | CUSIP: 46629BAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1120966 | PA      | $652457.46    | 0.06%             | 2036-08-25      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE                                                      | ALTICE FRANCE SA 2025 EUR EXT TERM LOAN B14                   | CUSIP: BA000QF86<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |     75773 | PA      | $87947.64     | 0.01%             | 2031-05-30      | Floating      | 8.89%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                                                | FS KKR CAPITAL CORP SR UNSECURED 10/28 3.125                  | CUSIP: 302635AK3<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $2923258.05   | 0.27%             | 2028-10-12      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| MACLEAN POWER SYSTEMS (RESILIENCE PARENT LLC)                      | RESILIENCE PARENT LLC TERM LOAN B                             | CUSIP: 75908HAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3000000 | PA      | $2988285.00   | 0.28%             | 2033-02-28      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| VANTIVE HEALTH LLC                                                 | SPRUCE BIDCO II INC CAD TERM LOAN                             | CUSIP: BA000FPR7<br>LEI: 254900D597QQOG22WQ55 | Long             | LON              | CORP              | US        |    365385 | PA      | $260493.84    | 0.02%             | 2032-01-30      | Floating      | 7.00%                 | No            |                  3 | On Loan: No      |
| CRESCENT MIDSTREAM INTERMEDIATE HOLDINGS LLC                       | CRESCENT MIDSTREAM OPERAT LLC TERM LOAN B                     | CUSIP: BA000WBM6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $100458.00    | 0.01%             | 2033-02-18      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| CREDIT BASED ASSET SRVC & SEC 2006-CB1                             | CREDIT BASED ASSET SERVICING A CBASS 2006 CB1 AF2             | CUSIP: 81375WHH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17714 | PA      | $15198.61     | 0.00%             | 2036-01-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| GSAA HOME EQUITY TRUST 2006-2                                      | GSAA HOME EQUITY TRUST GSAA 2006 2 2A4                        | CUSIP: 362334AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3829049 | PA      | $3775249.77   | 0.35%             | 2035-12-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| NUMERICABLE US LLC                                                 | ALTICE FRANCE SA 2025 EXT TERM LOAN B14                       | CUSIP: BA000QF60<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |    454639 | PA      | $456439.30    | 0.04%             | 2031-05-31      | Floating      | 10.55%                | No            |                  2 | On Loan: No      |
| SEMPRA                                                             | SEMPRA JR SUBORDINA 04/56 VAR                                 | CUSIP: 816851BW8<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2612461.80   | 0.24%             | 2056-04-01      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SENIOR ISSUER PLC                               | THAMES WATER SUPER SENIOR ISSU 10/27 9.75                     | CUSIP: ACI3915T9<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |    525696 | PA      | $766126.70    | 0.07%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD TRY BOUGHT USD 20260424                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |         1 | NC      | $-197.41      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT BRL SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $38.53        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TREASURY BILL 04/26 0.00000                                   | CUSIP: 912797SM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $99778.49     | 0.01%             | 2026-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD HKD BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HK        |         1 | NC      | $224.81       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HARP FINCO LIMITED                                                 | HARP FINCO LIMITED GBP TERM LOAN                              | CUSIP: BA0008GH5<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   3864857 | PA      | $5152531.94   | 0.48%             | 2032-03-27      | Floating      | 8.73%                 | No            |                  3 | On Loan: No      |
| SYNEOS HEALTH INC (STAR PARENT INC)                                | STAR PARENT INC TERM LOAN B                                   | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |   4912281 | PA      | $4863599.99   | 0.45%             | 2030-09-27      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -2427600 | PA      | $-2454155.25  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC - SCRT 2017-2                                          | FREDDIE MAC   SCRT SCRT 2017 2 BIO 144A                       | CUSIP: 35563PBM0<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |  31291703 | PA      | $3782015.37   | 0.35%             | 2056-08-25      | Variable      | 1.56%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-28056.72    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO/F. H. DEACON HOD 12/15 FIXED 2.079               | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -2235375 | PA      | $-2240908.17  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| PROMOTORA DE INFORMACIONES SA (PRISA)                              | PROMOTORA DE INFORMACIONES SA 2025 EUR 1ST LIEN TERM LOAN     | CUSIP: BA000KZZ7<br>LEI: 959800U3NGPXSCQHQW54 | Long             | LON              | CORP              | ES        |   3197681 | PA      | $3612879.18   | 0.34%             | 2029-12-31      | Floating      | 7.50%                 | No            |                  3 | On Loan: No      |
| UNITED STATES GOVT                                                 | TREASURY BILL 05/26 0.00000                                   | CUSIP: 912797TT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $198888.79    | 0.02%             | 2026-05-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MTGE ACQUIS CORP 2006-WMC3                               | JP MORGAN MORTGAGE ACQUISITION JPMAC 2006 WMC3 A1MZ           | CUSIP: 46629KAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3324887 | PA      | $2185602.96   | 0.20%             | 2036-08-25      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| IRIDIUM SATELLITE LLC                                              | IRIDIUM SATELLITE LLC 2024 TERM LOAN B                        | CUSIP: 46269KAT1<br>LEI: 254900615BJ7139TFM33 | Long             | LON              | CORP              | US        |   4500000 | PA      | $4411890.00   | 0.41%             | 2030-09-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| NEW CENTURY HOME EQUITY LOAN TR 2003-6                             | NEW CENTURY HOME EQUITY LOAN T NCHET 2003 6 M1                | CUSIP: 64352VFD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    352731 | PA      | $359256.25    | 0.03%             | 2034-01-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TREASURY BILL 05/26 0.00000                                   | CUSIP: 912797SP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1200000 | PA      | $1195635.00   | 0.11%             | 2026-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD EUR BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-5882.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SECURITIZED ASSET BACKED RECEIVABLES LLC 2006-WM4                  | SECURITIZED ASSET BACKED RECEI SABR 2006 WM4 A1 144A          | CUSIP: 81377XAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19797345 | PA      | $8902294.03   | 0.83%             | 2036-11-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| VOLTAGRID LLC                                                      | VOLTAGRID LLC SECURED 144A 11/30 7.375                        | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2789826.30   | 0.26%             | 2030-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED GAS & OIL CORPORATION                                  | DIVERSIFIED GAS + OIL CO SR SECURED 144A REGS 04/29 9.7       | CUSIP: ACI2W1Q54<br>LEI: 5493008O08WU7K5XC271 | Long             | DBT              | CORP              | US        |   2625000 | PA      | $2644263.85   | 0.25%             | 2029-04-09      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ARM MUSTANG EXPRESS HOLDCO LLC                                     | MUSTANG EXPRESS SERIES A PFD                                  | CUSIP: 990ABAYE9<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      9317 | NS      | $9947493.98   | 0.93%             |  |  |  | No            |                  3 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2018-RP1                             | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2018 RP1 M2 144A          | CUSIP: 17326QAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16643050 | PA      | $14857849.88  | 1.39%             | 2064-09-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)                       | MPH ACQUISITION HOLDINGS SR SECURED 144A 12/30 5.75           | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $2528148.25   | 0.24%             | 2030-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GSAA HOME EQUITY TRUST 2006-16                                     | GSAA HOME EQUITY TRUST GSAA 2006 16 A3A                       | CUSIP: 362256AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12317632 | PA      | $3763247.29   | 0.35%             | 2036-10-25      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| CIT MTGE LOAN TRUST 2007-1                                         | CIT MORTGAGE LOAN TRUST CITM 2007 1 1M2 144A                  | CUSIP: 12559QAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  56685750 | PA      | $56550701.87  | 5.27%             | 2037-10-25      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-37046.51    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST 2018-B5                                   | BENCHMARK MORTGAGE TRUST BMARK 2018 B5 A2                     | CUSIP: 08160BAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    195725 | PA      | $195054.34    | 0.02%             | 2051-07-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORPORATION                                              | NCR VOYIX CORP COMPANY GUAR 144A 10/30 5.25                   | CUSIP: 62886EAZ1<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |   3484000 | PA      | $3301090.00   | 0.31%             | 2030-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-INV3                               | VERUS SECURITIZATION TRUST VERUS 2023 INV3 A1 144A            | CUSIP: 92540CAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    612232 | PA      | $617447.98    | 0.06%             | 2068-11-25      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| INTEGRITY RE LTD                                                   | INTEGRITY RE LTD SR UNSECURED 144A 06/26 VAR                  | CUSIP: 45833UAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    650000 | PA      | $669175.00    | 0.06%             | 2026-06-08      | Floating      | 20.74%                | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TREASURY BILL 05/26 0.00000                                   | CUSIP: 912797TS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $298550.00    | 0.03%             | 2026-05-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH FIRST FRANKLIN MORTGAGE LOAN TRUST 2007-3            | MERRILL LYNCH FIRST FRANKLIN M FFMER 2007 3 A2B               | CUSIP: 59024VAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1390177 | PA      | $1390781.69   | 0.13%             | 2037-06-25      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD GBP BOUGHT USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-1716.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHAMPION IRON CANADA INC                                           | CHAMPION IRON CANADA INC COMPANY GUAR 144A 07/32 7.875        | CUSIP: 15853BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   6000000 | PA      | $6236872.98   | 0.58%             | 2032-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2005-85CB                            | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 85CB 2A5            | CUSIP: 12668BEK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1401300 | PA      | $1069137.01   | 0.10%             | 2036-02-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| ANGLIAN WATER SERVICES FINANCING PLC                               | ANGLIAN WATER SERV FIN SR SECURED REGS 06/39 6                | CUSIP: ACI2GR269<br>LEI: 213800DL377MH46PDY63 | Long             | DBT              | CORP              | GB        |   2100000 | PA      | $2598178.77   | 0.24%             | 2039-06-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                         | PACIFICORP JR SUBORDINA 09/55 VAR                             | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3347098.65   | 0.31%             | 2055-09-15      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET MORTGAGE PROD 2006-RS2                           | RESIDENTIAL ASSET MORTGAGE PRO RAMP 2006 RS2 A3A              | CUSIP: 76112B2D1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    219344 | PA      | $218107.25    | 0.02%             | 2036-03-25      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| AVENIR ISSUER IV (IRELAND) DESIGNATED ACTIVITY COMPANY             | AVENIR ISSUER IV IRLND SR SECURED REGS 10/27 6                | CUSIP: ACI2S8C83<br>LEI: 894500E9CKDEAOMG0B46 | Long             | DBT              | NUSS              | IE        |   1120222 | PA      | $1085389.89   | 0.10%             | 2027-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BKV UPSTREAM MIDSTREAM LLC                                         | BKV UPSTREAM MIDSTREAM L COMPANY GUAR 144A 10/30 7.5          | CUSIP: 05619CAA3<br>LEI: 254900LG75NBYHBBAU18 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3034314.00   | 0.28%             | 2030-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO BANK OF AMERICA REVERSE REPO                     | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1818844 | PA      | $-1820078.04  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $275840.96    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -4496666 | PA      | $-4501233.01  | -0.42%            |  |  |  | No            |                  2 | On Loan: No      |
| COLONY MORTGAGE CAPITAL SERIES LTD 2019-IKPR                       | COLONY MORTGAGE CAPITAL LTD CLNY 2019 IKPR E 144A             | CUSIP: 12564NAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2356953.25   | 0.22%             | 2038-11-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| BDS 2025-FL14 LLC                                                  | BDS LTD BDS 2025 FL14 A 144A                                  | CUSIP: 072921AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $498446.41    | 0.05%             | 2042-10-17      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| INEOS US FINANCE LLC                                               | INEOS US FINANCE LLC 2023 USD TERM LOAN B                     | CUSIP: G4768PAN1<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |   2832260 | PA      | $2483537.61   | 0.23%             | 2030-02-18      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP HOME EQUITY LOAN TRUST SERIES 2007-HE5         | ACE SECURITIES CORP. ACE 2007 HE5 A2B                         | CUSIP: 000797AC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2034461 | PA      | $625399.67    | 0.06%             | 2037-07-25      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST  2018-B6                                  | BENCHMARK MORTGAGE TRUST BMARK 2018 B6 A2                     | CUSIP: 08162CAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    463524 | PA      | $462235.22    | 0.04%             | 2051-10-10      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                       | UNIVISION COMMUNICATIONS SR SECURED 144A 07/31 8.5            | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2815834.00   | 0.26%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-26

**Name of Applicant:** PIMCO Dynamic Income Strategy Fund

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer