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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CAPITAL LLC</name>
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      <invstOrSec>
        <name>OCS GROUP HOLDINGS LIMITED</name>
        <lei>54930002RKY3Y4LURL90</lei>
        <title>OCS GROUP HOLDINGS LTD 2026 GBP TERM LOAN B5</title>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
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        <securityLending>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>AMSURG (AMBULATORY TOPCO LLC)</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <isRestrictedSec>N</isRestrictedSec>
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        <curCd>USD</curCd>
        <valUSD>871070.400000</valUSD>
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      <invstOrSec>
        <name>STONEPEAK BAYOU HOLDINGS LP</name>
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      <invstOrSec>
        <name>N/A</name>
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              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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      <invstOrSec>
        <name>INCORA TOP HOLDCO LLC</name>
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      <invstOrSec>
        <name>OI SA (AKA: BRASIL TELECOM S/A)</name>
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        <assetCat>DBT</assetCat>
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        <securityLending>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2008-2R</name>
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          <isin value="US021482AJ36"/>
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        <curCd>USD</curCd>
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        <debtSec>
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        <name>GHANA GOVT</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>Y</isRestrictedSec>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2026-NQM2</name>
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      <invstOrSec>
        <name>SEASONED CREDIT RISK TRANSFER TRUST SERIES 2021-3</name>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <name>IHEARTCOMMUNICATIONS INC</name>
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        <name>WASHINGTON MUTUAL 2006-AR17</name>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <assetCat>LON</assetCat>
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    <explntrNotes>
      <explntrNote note="Total returns do not deduct sales loads and redemption fees." noteItem="B.5.a"/>
      
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.c.vi"/>
      <explntrNote note="A negative balance, which may be due to such circumstances as a net overdraft as of the reporting period-end, is reported as $0 in Item B.2.f - Cash and cash equivalents not reported in Parts C and D.  This is done in order to conform to the technical constraints of the XML type, which do not allow negative values in B.2.f." noteItem="B.2.f"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.d.iii"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.e.iii"/>
      <explntrNote note="The form requires the filer to report ISO country codes and certain supranational entities are not on the ISO country code list.  Instruments issued by or economic exposure to a supranational entity may be disclosed as N/A." noteItem="C.5.a"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.f.ii"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-26</ncom:dateSigned>
      <ncom:nameOfApplicant>PIMCO Income Strategy Fund</ncom:nameOfApplicant>
      <ncom:signature>/s/ Bijal Parikh</ncom:signature>
      <ncom:signerName>Bijal Parikh</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
