Schedule of Investments PIMCO Strategic Income Fund, Inc.

March 31, 2026 (Unaudited)

 

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)

 

 

PRINCIPAL
AMOUNT
(000s)

 

MARKET
VALUE
(000s)

INVESTMENTS IN SECURITIES 260.0% ¤

 

 

 

 

LOAN PARTICIPATIONS AND ASSIGNMENTS 18.5%

 

 

 

 

Altar Bidco, Inc.
9.108% due 02/01/2030 ~

$

700

$

665

Altice France SA
10.547% (TSFR3M + 6.875%) due 05/31/2031 ~

 

1,588

 

1,594

Central Parent, Inc.
6.950% (TSFR3M + 3.250%) due 07/06/2029 ~

 

1,089

 

780

Envision Healthcare Corp.
11.641% (TSFR3M + 7.875%) due 11/03/2028 «~

 

3,864

 

3,980

Forward Air Corp.
8.167% (TSFR3M + 4.500%) due 12/19/2030 ~

 

1,300

 

1,269

Gateway Casinos & Entertainment Ltd.
9.936% (TSFR3M + 6.250%) due 12/18/2030 ~

 

1,962

 

1,967

Ivanti Software, Inc.

 

 

 

 

8.411% (TSFR3M + 4.750%) due 06/01/2029 ~

 

1,228

 

833

9.411% (TSFR3M + 5.750%) due 06/01/2029 ~µ

 

164

 

164

Lealand Finance Co. BV
6.782% (TSFR1M + 3.000%) due 06/30/2027 ~

 

28

 

23

Lealand Finance Co. BV (7.782% Cash)
7.782% (TSFR1M + 4.000%) due 12/31/2027 ~

 

220

 

184

Mercury Aggregator LP
TBD% due 04/03/2027 «~

 

971

 

0

Newfold Digital Holdings Group, Inc.
9.419% - 9.442% (TSFR3M + 5.750%) due 04/30/2029 «~

 

104

 

79

OCS Group Holdings Ltd.
8.980% due 11/28/2031 ~

GBP

1,000

 

1,319

Peraton Corp.

 

 

 

 

7.517% (TSFR3M + 3.750%) due 02/01/2028 ~

$

5,033

 

4,308

11.523% (TSFR3M + 7.750%) due 02/01/2029 ~

 

106

 

77

Poseidon Bidco SASU
7.504% (EUR006M + 5.000%) due 03/13/2030 ~

EUR

1,000

 

347

Promotora de Informaciones SA
7.499% (EUR003M + 5.470%) due 12/31/2029 «~

 

5,052

 

5,708

Steenbok Lux Finco 2 SARL
1TBD% due 12/31/2028 ~

 

12,450

 

3,343

Stepstone Group Midco 2 GmbH

 

 

 

 

6.599% (EUR006M + 4.500%) due 04/26/2032 ~

 

2,000

 

2,031

8.199% (TSFR6M + 4.500%) due 12/19/2031 ~

$

298

 

262

Syniverse Holdings, Inc.
10.700% (TSFR3M + 7.000%) due 05/13/2027 «~

 

4,720

 

4,372

U.S. Renal Care, Inc.

 

 

 

 

1.500% - 9.675% (TSFR1M + 6.000%) due 09/25/2030 «~

 

2,443

 

2,488

8.782% (TSFR1M + 5.000%) due 06/28/2028 ~

 

3,959

 

3,739

Westmoreland Coal Co.
8.000% due 03/15/2029 «~

 

2

 

1

Total Loan Participations and Assignments (Cost $50,742)

 

 

 

39,533

CORPORATE BONDS & NOTES 35.3%

 

 

 

 

BANKING & FINANCE 9.8%

 

 

 

 

Antares Holdings LP
6.350% due 10/23/2029 (i)

 

1,500

 

1,486

Armor Holdco, Inc.
8.500% due 11/15/2029 (i)

 

1,300

 

1,188

BGC Group, Inc.
6.600% due 06/10/2029 (i)

 

1,000

 

1,032

CI Financial Corp.
7.500% due 05/30/2029 (i)

 

1,300

 

1,365

Corestate Capital Holding SA (8.000% Cash or 9.000% PIK)
8.000% due 12/31/2028 (b)

EUR

153

 

92

Credit Suisse AG AT1 Claim

$

600

 

210

EPR Properties
3.750% due 08/15/2029

 

100

 

96

F&G Annuities & Life, Inc.

 

 

 

 

6.250% due 10/04/2034 (i)

 

400

 

380

6.500% due 06/04/2029 (i)

 

700

 

703

Fairfax India Holdings Corp.
5.000% due 02/26/2028 (i)

 

2,400

 

2,291

Ford Motor Credit Co. LLC
5.676% (SOFRRATE + 2.030%) due 03/20/2028 ~(i)

 

1,900

 

1,904

GLP Capital LP/GLP Financing II, Inc.
5.625% due 03/01/2036 (i)

 

900

 

876

Schedule of Investments PIMCO Strategic Income Fund, Inc. (Cont.)

March 31, 2026 (Unaudited)

 

HA Sustainable Infrastructure Capital, Inc.

 

 

 

 

6.000% due 03/15/2036

 

100

 

97

6.150% due 01/15/2031 (i)

 

2,300

 

2,344

ION Platform Finance SARL

 

 

 

 

6.500% due 09/30/2030

EUR

1,400

 

1,352

7.875% due 05/01/2029

 

100

 

108

Marex Group PLC

 

 

 

 

5.829% due 05/08/2028 (i)

$

200

 

202

6.404% due 11/04/2029 (i)

 

1,000

 

1,030

Nissan Motor Acceptance Co. LLC
5.698% (SOFRINDX + 2.050%) due 09/13/2027 ~(i)

 

665

 

660

Titanium 2l Bondco SARL
6.250% due 01/14/2031

EUR

5,074

 

953

Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC
6.000% due 01/15/2030 (i)

$

2,638

 

2,484

 

 

 

 

20,853

INDUSTRIALS 21.4%

 

 

 

 

Altice France Lux 3/Altice Holdings 1
10.000% due 01/15/2033

 

857

 

780

Altice France SA
9.500% due 11/01/2029 (i)

 

869

 

879

APLD ComputeCo 2 LLC
6.750% due 03/15/2031

 

100

 

99

Beignet Investor LLC
6.581% due 05/30/2049 (i)

 

4,200

 

4,321

Centene Corp.

 

 

 

 

2.450% due 07/15/2028 (i)

 

900

 

839

3.000% due 10/15/2030 (i)

 

900

 

789

3.375% due 02/15/2030

 

200

 

181

4.625% due 12/15/2029 (i)

 

250

 

237

Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.
8.000% due 06/15/2029

 

50

 

37

Central Parent, Inc./CDK Global, Inc.
7.250% due 06/15/2029

 

50

 

36

CVS Pass-Through Trust
7.507% due 01/10/2032 (i)

 

420

 

444

DISH DBS Corp.

 

 

 

 

5.250% due 12/01/2026

 

3,558

 

3,529

5.750% due 12/01/2028

 

3,000

 

2,903

Ecopetrol SA

 

 

 

 

6.875% due 04/29/2030 (i)

 

2,860

 

2,865

7.750% due 02/01/2032 (i)

 

1,300

 

1,314

Flora Food Management BV
7.500% due 10/31/2030

EUR

200

 

229

Gazprom PJSC Via Gaz Capital SA
8.625% due 04/28/2034

$

1,710

 

1,411

GSG Bidco Ltd.
5.375% due 06/15/2036

EUR

1,870

 

2,147

HF Sinclair Corp.
6.250% due 01/15/2035 (i)

$

1,000

 

1,033

Incora Intermediate II LLC (0.500% PIK)
0.500% due 01/31/2030 «(b)

 

3,993

 

3,993

Incora Top Holdco LLC
6.000% due 01/30/2033 «(h)

 

2,775

 

4,203

JetBlue Airways Corp./JetBlue Loyalty LP
9.875% due 09/20/2031 (i)

 

417

 

395

MPH Acquisition Holdings LLC (6.500% Cash and 5.000% PIK)
11.500% due 12/31/2030 (b)

 

630

 

570

National Mentor Holdings, Inc.
10.500% due 12/15/2030 (i)

 

300

 

310

Newfold Digital Holdings Group, Inc.
9.419% due 04/30/2029

 

2,130

 

1,281

Nissan Motor Co. Ltd.
4.810% due 09/17/2030 (i)

 

2,100

 

1,909

Petroleos Mexicanos

 

 

 

 

6.700% due 02/16/2032 (i)

 

784

 

768

6.840% due 01/23/2030 (i)

 

200

 

201

Spirit Airlines Pass-Through Trust
4.100% due 10/01/2029

 

513

 

504

Topaz Solar Farms LLC
4.875% due 09/30/2039 (i)

 

602

 

545

U.S. Renal Care, Inc.
10.625% due 06/28/2028

 

1,454

 

1,214

Ubisoft Entertainment SA
0.878% due 11/24/2027

EUR

300

 

280

United Airlines Pass-Through Trust
4.150% due 02/25/2033

$

61

 

60

Vale SA
0.000% due 12/29/2049 ~(g)

BRL

50,000

 

4,230

Viridien

 

 

 

 

8.500% due 10/15/2030

EUR

543

 

660

Schedule of Investments PIMCO Strategic Income Fund, Inc. (Cont.)

March 31, 2026 (Unaudited)

 

10.000% due 10/15/2030 (i)

$

316

 

337

 

 

 

 

45,533

UTILITIES 4.1%

 

 

 

 

Altice Holdings 1 SARL
0.010% due 12/31/2099 «

EUR

4

 

50

Edison International
6.250% due 03/15/2030 (i)

$

100

 

104

NGD Holdings BV
6.750% due 12/31/2026

 

957

 

892

Nova Securitisation SARL

 

 

 

 

5.750% due 02/03/2031 (i)

 

1,100

 

1,065

6.500% due 02/03/2036 (i)

 

1,100

 

1,048

OI SA (10.000% Cash or 6.000% PIK and 7.500% Cash or 13.500% PIK)
10.000% due 06/30/2027 ^(b)(c)

 

2,472

 

1,199

OI SA (8.500% PIK)
8.500% due 12/31/2028 ^(b)(c)

 

2,231

 

24

Peru LNG SRL
5.375% due 03/22/2030 (i)

 

1,867

 

1,814

SW Finance I PLC
1.625% due 03/30/2027

GBP

800

 

1,016

Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC
6.500% due 02/15/2029 (i)

$

1,600

 

1,555

 

 

 

 

8,767

Total Corporate Bonds & Notes (Cost $80,099)

 

 

 

75,153

CONVERTIBLE BONDS & NOTES 0.2%

 

 

 

 

BANKING & FINANCE 0.1%

 

 

 

 

Corestate Capital Holding SA (8.000% Cash or 9.000% PIK)
8.000% due 12/31/2028 (b)

EUR

178

 

107

Country Garden Holdings Co. Ltd.
0.000% due 12/31/2031 (f)(h)

$

433

 

49

 

 

 

 

156

INDUSTRIALS 0.1%

 

 

 

 

Ubisoft Entertainment SA
2.375% due 11/15/2028

EUR

300

 

331

Total Convertible Bonds & Notes (Cost $600)

 

 

 

487

MUNICIPAL BONDS & NOTES 2.2%

 

 

 

 

CALIFORNIA 0.0%

 

 

 

 

Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021
3.850% due 06/01/2050

$

45

 

41

MICHIGAN 1.1%

 

 

 

 

Detroit, Michigan General Obligation Bonds, Series 2014
4.000% due 04/01/2044

 

2,983

 

2,300

WEST VIRGINIA 1.1%

 

 

 

 

Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2007
0.000% due 06/01/2047 (f)

 

25,300

 

2,351

Total Municipal Bonds & Notes (Cost $5,994)

 

 

 

4,692

U.S. GOVERNMENT AGENCIES 153.1%

 

 

 

 

Federal Home Loan Mortgage Corp.

 

 

 

 

5.500% due 04/01/2039 (i)

 

641

 

660

6.000% due 02/01/2033 - 02/01/2034

 

23

 

23

6.500% due 06/01/2029 - 07/01/2037

 

51

 

52

7.000% due 03/01/2031 - 12/01/2036

 

102

 

105

7.500% due 04/01/2026 - 03/01/2037

 

98

 

99

8.000% due 12/01/2026

 

1

 

1

Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
2.010% due 11/25/2045 ~(a)

 

5,336

 

162

Federal Home Loan Mortgage Corp. REMICS

 

 

 

 

0.578% due 11/15/2048 •(a)(i)

 

3,997

 

155

2.224% due 04/25/2048 - 11/25/2049 •(a)(i)

 

22,150

 

2,790

2.229% due 11/15/2038 ~(a)(i)

 

4,533

 

234

2.314% due 05/15/2038 ~(a)

 

1,340

 

118

2.374% due 05/25/2050 •(a)

 

477

 

57

2.513% due 08/15/2036 ~(a)

 

444

 

31

3.000% due 11/25/2050 (a)(i)

 

7,131

 

1,295

3.000% due 01/25/2051 (a)

 

412

 

74

3.500% due 05/25/2050 (a)

 

429

 

80

5.500% due 06/15/2041 (i)

 

792

 

816

6.000% due 12/15/2028 - 03/15/2035

 

280

 

289

6.500% due 02/15/2028 - 06/15/2032

 

448

 

462

Schedule of Investments PIMCO Strategic Income Fund, Inc. (Cont.)

March 31, 2026 (Unaudited)

 

6.500% due 07/15/2032 (i)

 

148

 

155

7.000% due 07/15/2027 - 06/15/2031

 

197

 

202

7.500% due 03/15/2028

 

2

 

2

8.000% due 04/15/2030

 

5

 

5

Federal Home Loan Mortgage Corp. STACR REMICS Trust

 

 

 

 

11.162% due 10/25/2041 •(i)

 

2,800

 

2,880

11.462% due 11/25/2041 •(i)

 

2,800

 

2,896

Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates

 

 

 

 

4.455% due 07/25/2032 ~

 

50

 

46

6.500% due 02/25/2043 - 10/25/2043

 

133

 

136

6.500% due 09/25/2043 ~

 

31

 

32

6.500% due 03/25/2044 (i)

 

956

 

956

7.000% due 02/25/2043 - 10/25/2043

 

244

 

251

7.500% due 02/25/2042

 

14

 

15

Federal National Mortgage Association

 

 

 

 

4.000% due 06/01/2047 - 03/01/2048

 

158

 

152

4.000% due 09/01/2047 - 11/01/2047 (i)

 

4,122

 

3,950

4.500% due 03/01/2028 - 08/01/2041

 

86

 

86

6.000% due 12/01/2032 - 10/01/2036

 

91

 

93

6.000% due 04/01/2035 - 06/01/2040 (i)

 

1,167

 

1,223

6.135% due 09/01/2028 •

 

1

 

1

6.500% due 11/01/2028 - 11/01/2047

 

441

 

460

6.500% due 04/01/2037 (i)

 

100

 

101

7.000% due 07/01/2034 - 01/01/2047

 

25

 

26

8.000% due 09/01/2027 - 11/01/2031

 

20

 

21

Federal National Mortgage Association Grantor Trust

 

 

 

 

6.000% due 01/25/2044

 

374

 

387

6.500% due 12/25/2041 - 08/25/2042

 

810

 

841

7.000% due 07/25/2042 - 11/25/2043

 

56

 

58

7.500% due 11/25/2040 - 07/25/2042

 

146

 

149

7.500% due 06/19/2041 ~

 

50

 

52

8.000% due 06/19/2041 ~

 

469

 

483

Federal National Mortgage Association Interest STRIPS
5.000% due 07/25/2037 (a)

 

317

 

43

Federal National Mortgage Association REMICS

 

 

 

 

0.000% due 02/25/2052 •(a)

 

99,572

 

309

1.126% due 12/25/2042 ~(a)

 

1,932

 

34

2.173% due 08/25/2054 ~(a)(i)

 

2,730

 

138

2.224% due 10/25/2049 •(a)(i)

 

5,151

 

690

2.274% due 02/25/2049 •(a)

 

47

 

4

2.324% due 07/25/2050 •(a)(i)

 

750

 

88

2.500% due 12/25/2027 (a)

 

113

 

1

2.974% due 07/25/2041 •(a)

 

140

 

4

3.000% due 06/25/2050 (a)(i)

 

930

 

171

3.500% due 07/25/2036 (a)(i)

 

1,825

 

157

3.500% due 07/25/2042 - 12/25/2049 (a)

 

264

 

29

4.000% due 06/25/2050 (a)(i)

 

472

 

88

4.500% due 07/25/2040

 

308

 

305

5.000% due 01/25/2038 (i)

 

1,451

 

1,466

5.000% due 07/25/2038

 

39

 

40

5.500% due 11/25/2032 (i)

 

770

 

786

5.500% due 12/25/2034 - 04/25/2035

 

492

 

505

5.750% due 06/25/2033

 

6

 

6

6.000% due 09/25/2031

 

25

 

26

6.500% due 09/25/2031 - 03/25/2032

 

163

 

166

6.850% due 12/18/2027

 

1

 

1

7.000% due 06/18/2027 - 03/25/2045

 

155

 

160

8.500% due 06/18/2027 - 06/25/2030

 

3

 

4

Federal National Mortgage Association REMICS Trust

 

 

 

 

4.312% due 02/25/2042 ~

 

175

 

174

4.550% due 09/25/2041 ~

 

118

 

119

4.668% due 12/25/2042 ~

 

11

 

11

4.978% due 10/25/2042 ~

 

4

 

5

5.024% due 10/25/2042 ~

 

116

 

118

5.807% due 08/25/2043

 

537

 

533

Federal National Mortgage Association Trust

 

 

 

 

6.500% due 09/25/2042 - 06/25/2044

 

316

 

323

7.000% due 02/25/2044

 

13

 

13

7.500% due 07/25/2042 - 06/25/2044

 

95

 

98

Government National Mortgage Association

 

 

 

 

3.500% due 03/20/2056

 

1,800

 

1,652

4.000% due 10/15/2051 - 03/15/2052 (i)

 

6,234

 

5,875

4.000% due 03/15/2052

 

36

 

34

6.000% due 04/15/2029 - 12/15/2038

 

186

 

192

6.000% due 11/15/2038 (i)

 

98

 

103

6.500% due 04/15/2032 - 01/20/2055

 

327

 

338

7.500% due 04/15/2027 - 02/15/2029

 

37

 

36

8.500% due 02/15/2031

 

4

 

4

Government National Mortgage Association REMICS

 

 

 

 

2.260% due 08/20/2049 - 09/20/2049 •(a)(i)

 

38,260

 

4,708

2.410% due 06/20/2047 •(a)(i)

 

4,091

 

505

Government National Mortgage Association, TBA

 

 

 

 

4.000% due 04/01/2056

 

3,700

 

3,466

4.500% due 06/01/2040

 

100

 

96

6.500% due 05/01/2056

 

600

 

622

Schedule of Investments PIMCO Strategic Income Fund, Inc. (Cont.)

March 31, 2026 (Unaudited)

 

U.S. Small Business Administration

 

 

 

 

5.510% due 11/01/2027

 

25

 

25

5.780% due 08/01/2027

 

1

 

1

5.820% due 07/01/2027

 

2

 

2

Uniform Mortgage-Backed Security, TBA

 

 

 

 

4.500% due 04/01/2056

 

2,060

 

1,988

5.000% due 04/01/2056 - 05/01/2056

 

10,300

 

10,148

6.000% due 06/01/2056

 

16,000

 

16,286

6.500% due 05/01/2056 - 06/01/2056

 

233,900

 

241,785

7.000% due 05/01/2056

 

7,700

 

8,101

Vendee Mortgage Trust

 

 

 

 

6.500% due 03/15/2029

 

13

 

13

6.750% due 06/15/2026

 

2

 

2

7.500% due 09/15/2030

 

398

 

414

Total U.S. Government Agencies (Cost $344,540)

 

 

 

326,173

U.S. TREASURY OBLIGATIONS 0.2%

 

 

 

 

U.S. Treasury Bonds

 

 

 

 

4.875% due 08/15/2045

 

197

 

197

U.S. Treasury Notes

 

 

 

 

4.250% due 08/15/2035

 

197

 

196

Total U.S. Treasury Obligations (Cost $404)

 

 

 

393

NON-AGENCY MORTGAGE-BACKED SECURITIES 18.8%

 

 

 

 

Adjustable Rate Mortgage Trust

 

 

 

 

6.297% due 07/25/2035 ~

 

92

 

92

6.542% due 08/25/2035 ~

 

89

 

89

Ashford Hospitality Trust
5.245% due 04/15/2035 •(i)

 

2,200

 

2,189

Atrium Hotel Portfolio Trust
5.470% due 12/15/2036 •(i)

 

1,600

 

1,573

Banc of America Mortgage Trust
4.758% due 02/25/2035 ~

 

3

 

3

BCAP LLC Trust
4.182% due 07/26/2036 ~

 

78

 

65

Bear Stearns ALT-A Trust
4.132% due 08/25/2036 ~

 

196

 

88

Bear Stearns Commercial Mortgage Securities Trust
5.657% due 10/12/2041 ~

 

32

 

32

CHL Mortgage Pass-Through Trust

 

 

 

 

4.433% due 03/25/2035 •

 

536

 

468

5.240% due 08/25/2034 ~

 

93

 

91

5.663% due 03/25/2046 •

 

484

 

423

CHL Reperforming Loan REMICS Trust

 

 

 

 

7.500% due 11/25/2034

 

80

 

82

7.500% due 06/25/2035

 

16

 

17

CLNY Trust
6.059% due 11/15/2038 •(i)

 

1,000

 

959

COMM Mortgage Trust
9.787% due 12/15/2038 •

 

1,380

 

1,271

Countrywide Alternative Loan Trust
4.213% due 07/25/2046 •

 

724

 

674

CSFB Mortgage-Backed Pass-Through Certificates
7.000% due 02/25/2034

 

30

 

30

CSMC Mortgage-Backed Trust
6.500% due 03/25/2036

 

731

 

76

CSMC Trust
3.431% due 11/10/2032

 

1,200

 

1,017

Eurosail-U.K. PLC

 

 

 

 

5.465% due 09/13/2045 •

GBP

1,582

 

1,972

6.115% due 09/13/2045 •

 

1,130

 

1,346

7.715% due 09/13/2045 •

 

960

 

1,245

GC Pastor Hipotecario 5 FTA
2.278% due 06/21/2046 •

EUR

398

 

427

GMACM Mortgage Loan Trust
4.156% due 08/19/2034 ~

$

13

 

12

GSAA Trust
6.000% due 04/01/2034

 

271

 

267

GSMPS Mortgage Loan Trust

 

 

 

 

7.000% due 06/25/2043 (i)

 

1,078

 

1,131

7.500% due 06/19/2027 ~

 

9

 

9

8.000% due 09/19/2027 ~

 

232

 

228

GSR Mortgage Loan Trust

 

 

 

 

4.123% due 12/25/2034 •

 

27

 

25

IM Pastor 3 FTH
2.248% due 03/22/2043 •

EUR

125

 

128

JP Morgan Chase Commercial Mortgage Securities Trust

 

 

 

 

4.519% due 04/15/2037 •(i)

$

939

 

930

5.537% due 03/15/2036 •

 

900

 

753

5.537% due 12/15/2036 •

 

1,700

 

54

6.970% due 02/15/2035 •(i)

 

987

 

945

JP Morgan Mortgage Trust
5.860% due 10/25/2036 ~

 

539

 

408

Schedule of Investments PIMCO Strategic Income Fund, Inc. (Cont.)

March 31, 2026 (Unaudited)

 

MASTR Adjustable Rate Mortgages Trust
3.830% due 10/25/2034 ~

 

183

 

169

MASTR Alternative Loan Trust

 

 

 

 

6.250% due 07/25/2036

 

181

 

90

7.000% due 04/25/2034

 

8

 

8

MASTR Reperforming Loan Trust

 

 

 

 

7.000% due 05/25/2035

 

1,939

 

1,235

7.500% due 07/25/2035

 

1,018

 

655

Morgan Stanley Resecuritization Trust
4.259% due 12/26/2046 ~

 

5,454

 

5,005

NAAC Reperforming Loan REMICS Trust
7.500% due 03/25/2034 (i)

 

1,108

 

1,044

NACC Reperforming Loan REMICS Trust

 

 

 

 

7.000% due 10/25/2034

 

356

 

314

7.500% due 10/25/2034

 

1,068

 

957

New Orleans Hotel Trust
5.309% due 04/15/2032 •

 

1,000

 

987

Newgate Funding PLC

 

 

 

 

3.400% due 12/15/2050 •

EUR

933

 

1,035

3.650% due 12/15/2050 •

 

933

 

1,040

RALI Trust
6.000% due 08/25/2035

$

529

 

471

RBSSP Resecuritization Trust

 

 

 

 

6.000% due 02/26/2037 ~

 

2,114

 

1,021

6.250% due 12/26/2036 ~

 

5,180

 

1,634

Residential Asset Mortgage Products Trust

 

 

 

 

8.500% due 10/25/2031

 

106

 

95

8.500% due 11/25/2031

 

595

 

219

8.500% due 12/25/2031

 

4

 

2

Seasoned Credit Risk Transfer Trust
5.000% due 06/25/2065 ~

 

1,800

 

1,522

Structured Asset Securities Corp. Mortgage Loan Trust
7.500% due 10/25/2036

 

1,978

 

1,078

WaMu Mortgage Pass-Through Certificates Trust
5.348% due 05/25/2035 ~

 

34

 

33

Washington Mutual MSC Mortgage Pass-Through Certificates Trust

 

 

 

 

7.000% due 03/25/2034

 

22

 

23

7.500% due 04/25/2033

 

44

 

45

Wells Fargo Commercial Mortgage Trust
4.928% due 12/15/2039 ~

 

2,558

 

2,301

Total Non-Agency Mortgage-Backed Securities (Cost $44,412)

 

 

 

40,102

ASSET-BACKED SECURITIES 4.5%

 

 

 

 

HOME EQUITY OTHER 1.6%

 

 

 

 

Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates
7.318% due 11/25/2032 •

 

39

 

28

Bear Stearns Asset-Backed Securities I Trust
2.249% due 09/25/2034 •

 

39

 

40

Countrywide Asset-Backed Certificates Trust

 

 

 

 

4.193% due 06/25/2037 •(i)

 

1,230

 

1,260

4.212% due 11/25/2034 •(i)

 

2,297

 

2,026

 

 

 

 

3,354

MANUFACTURING HOUSE ABS OTHER 0.0%

 

 

 

 

Access Financial Manufactured Housing Contract Trust
7.650% due 05/15/2049

 

200

 

1

MANUFACTURING HOUSE SEQUENTIAL 0.1%

 

 

 

 

Conseco Finance Corp.
6.530% due 02/01/2031 ~

 

27

 

24

Conseco Finance Securitizations Corp.
7.960% due 05/01/2031

 

1,417

 

244

 

 

 

 

268

OTHER ABS 2.8%

 

 

 

 

ABSLT DE LLC
12.175% due 05/20/2033 «

 

2,000

 

1,967

ECAF I Ltd.
4.947% due 06/15/2040

 

480

 

446

Elmwood CLO II Ltd.
0.000% due 04/20/2034 ~

 

1,213

 

407

Madison Park Funding XXIII Ltd.
0.000% due 07/27/2047 ~

 

500

 

29

Man GLG U.S. CLO Ltd.
0.000% due 07/15/2034 ~

 

250

 

89

Marlette Funding Trust
0.000% due 07/16/2029 «(f)

 

7

 

0

National Collegiate V Commutation Trust
0.000% due 03/25/2038 •

 

10,387

 

1,524

SMB Private Education Loan Trust

 

 

 

 

0.000% due 10/15/2048 «(f)

 

5

 

1,071

Schedule of Investments PIMCO Strategic Income Fund, Inc. (Cont.)

March 31, 2026 (Unaudited)

 

0.000% due 02/16/2055 «(f)

 

0

 

408

 

 

 

 

5,941

Total Asset-Backed Securities (Cost $24,572)

 

 

 

9,564

SOVEREIGN ISSUES 10.8%

 

 

 

 

Angola Government International Bonds

 

 

 

 

9.375% due 03/31/2033

 

300

 

297

9.875% due 03/31/2037

 

300

 

297

Argentina Bonar Bonds
0.750% due 07/09/2030 þ

 

371

 

301

Argentina Republic Government International Bonds

 

 

 

 

1.000% due 07/09/2029

 

188

 

166

4.125% due 07/09/2046 þ

 

107

 

74

5.000% due 01/09/2038 þ(i)

 

4,388

 

3,318

Avenir Issuer IV Ireland DAC
6.000% due 10/25/2027

 

560

 

543

Colombia Government International Bonds

 

 

 

 

3.750% due 09/19/2028

EUR

1,000

 

1,134

5.000% due 09/19/2032

 

800

 

873

5.375% due 01/21/2029

$

2,200

 

2,182

5.625% due 02/19/2036

EUR

1,000

 

1,059

Colombia TES

 

 

 

 

11.000% due 08/22/2029

COP

1,023,700

 

258

11.750% due 01/24/2035

 

14,226,700

 

3,527

12.750% due 11/28/2040

 

1,032,300

 

274

13.250% due 02/09/2033

 

893,700

 

240

Dominican Republic International Bonds
10.500% due 03/15/2037 (i)

DOP

114,400

 

1,964

Egypt Government Bonds
19.698% due 10/14/2030

EGP

147,000

 

2,648

Ghana Government International Bonds

 

 

 

 

0.000% due 07/03/2026 (f)

$

6

 

6

0.000% due 01/03/2030 (f)

 

30

 

25

5.000% due 07/03/2029 þ

 

151

 

144

Romania Government International Bonds
5.125% due 09/24/2031 (i)

EUR

1,700

 

1,951

Turkiye Government Bonds

 

 

 

 

39.740% (BISTREFI) due 05/17/2028 ~

TRY

10,000

 

224

40.299% (BISTREFI) due 09/06/2028 ~

 

57,400

 

1,287

Venezuela Government International Bonds

 

 

 

 

6.000% due 12/09/2049 ^(c)

$

135

 

52

9.250% due 09/15/2027 ^(c)

 

171

 

82

Total Sovereign Issues (Cost $23,188)

 

 

 

22,926

 

 

SHARES

 

 

COMMON STOCKS 9.2%

 

 

 

 

COMMUNICATION SERVICES 1.4%

 

 

 

 

Clear Channel Outdoor Holdings, Inc. (d)

 

291,816

 

692

iHeartMedia, Inc. Class A (d)

 

68,102

 

199

iHeartMedia, Inc. Class B «(d)

 

52,880

 

136

Promotora de Informaciones SA Class A (d)

 

207,627

 

72

SES SA «(d)

 

98,888

 

1,483

Uniti Group, Inc. (d)

 

32,871

 

308

 

 

 

 

2,890

CONSUMER DISCRETIONARY 0.0%

 

 

 

 

Steinhoff International Holdings NV «(d)(h)

 

17,707,907

 

0

FINANCIALS 1.5%

 

 

 

 

Banca Monte dei Paschi di Siena SpA

 

323,500

 

2,823

Windstream Services LLC (d)

 

33,629

 

315

XBP Global Holdings, Inc. (d)

 

371

 

2

 

 

 

 

3,140

HEALTH CARE 4.0%

 

 

 

 

AmSurg Corp. «(d)(h)

 

192,582

 

8,469

INDUSTRIALS 2.3%

 

 

 

 

Incora New Equity «(d)(h)

 

121,860

 

4,615

Luxco Co. Ltd. «(d)(h)

 

18,808

 

348

Westmoreland Mining Holdings «(d)(h)

 

69

 

0

Schedule of Investments PIMCO Strategic Income Fund, Inc. (Cont.)

March 31, 2026 (Unaudited)

 

Westmoreland Mining LLC «(d)(h)

 

219

 

1

 

 

 

 

4,964

REAL ESTATE 0.0%

 

 

 

 

Country Garden Holdings Co. Ltd. (d)

 

200,965

 

8

MNSN Holdings, Inc. «(d)(h)

 

1,054

 

65

 

 

 

 

73

Total Common Stocks (Cost $19,092)

 

 

 

19,536

WARRANTS 0.0%

 

 

 

 

COMMUNICATION SERVICES 0.0%

 

 

 

 

Windstream Holdings II LLC - Exp. 08/01/2035

 

6,551

 

61

Total Warrants (Cost $40)

 

 

 

61

PREFERRED SECURITIES 3.8%

 

 

 

 

BANKING & FINANCE 3.0%

 

 

 

 

ADLER Group SA «

 

906,702

 

0

Capital Farm Credit ACA
8.393% due 06/15/2026 •(g)

 

1,300,000

 

1,296

WAFC Voussoir «

 

5,005,830

 

5,006

Windstream Holdings II LLC
11.000% «

 

215

 

228

 

 

 

 

6,530

INDUSTRIALS 0.8%

 

 

 

 

SVB Financial Trust

 

 

 

 

0.000% due 11/07/2032 (f)

 

5,040

 

0

11.000% due 11/07/2032

 

1,202

 

568

Syniverse Holdings, Inc.
12.500% «(h)

 

1,132,846

 

953

Venture Global LNG, Inc.
9.000% due 09/30/2029 •(g)

 

110,000

 

110

 

 

 

 

1,631

Total Preferred Securities (Cost $8,385)

 

 

 

8,161

REAL ESTATE INVESTMENT TRUSTS 0.4%

 

 

 

 

REAL ESTATE 0.4%

 

 

 

 

VICI Properties, Inc.

 

33,427

 

913

Total Real Estate Investment Trusts (Cost $477)

 

 

 

913

 

 

PRINCIPAL
AMOUNT
(000s)

 

 

SHORT-TERM INSTRUMENTS 3.0%

 

 

 

 

EGYPT TREASURY BILLS 0.4%

 

 

 

 

24.108% due 08/04/2026 - 11/17/2026 (e)(f)

EGP

56,300

 

928

NIGERIA TREASURY BILLS 2.2%

 

 

 

 

26.904% due 06/11/2026 - 01/28/2027 (e)(f)

NGN

7,042,190

 

4,684

U.S. TREASURY BILLS 0.4%

 

 

 

 

3.655% due 04/21/2026 - 07/21/2026 (e)(f)(l)

$

761

 

758

Total Short-Term Instruments (Cost $6,198)

 

 

 

6,370

Total Investments in Securities (Cost $608,743)

 

 

 

554,064

 

 

SHARES

 

 

INVESTMENTS IN AFFILIATES 9.6%

 

 

 

 

SHORT-TERM INSTRUMENTS 9.6%

 

 

 

 

CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 9.6%

 

 

 

 

PIMCO Short-Term Floating NAV Portfolio III

 

2,099,495

 

20,447

Schedule of Investments PIMCO Strategic Income Fund, Inc. (Cont.)

March 31, 2026 (Unaudited)

 

Total Short-Term Instruments (Cost $20,446)

 

 

 

20,447

Total Investments in Affiliates (Cost $20,446)

 

 

 

20,447

Total Investments 269.6% (Cost $629,189)

 

 

$

574,511

Financial Derivative Instruments (j)(k) 0.3%(Cost or Premiums, net $7,692)

 

 

 

650

Other Assets and Liabilities, net (169.9)%

 

 

 

(362,052)

Net Assets 100.0%

 

 

$

213,109

Schedule of Investments PIMCO Strategic Income Fund, Inc. (Cont.)

March 31, 2026 (Unaudited)

 

 

NOTES TO SCHEDULE OF INVESTMENTS:

 

* 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.

^

Security is in default.

«

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.

~

Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate 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.

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.

(a)

Security is an Interest Only ("IO") or IO Strip.

(b)

Payment in-kind security.

(c)

Security is not accruing income as of the date of this report.

(d)

Security did not produce income within the last twelve months.

(e)

Coupon represents a weighted average yield to maturity.

(f)

Zero coupon security.

(g)

Perpetual maturity; date shown, if applicable, represents next contractual call date.

(h)

RESTRICTED SECURITIES:

Issuer Description

 

 

Acquisition
Date

 

Cost

 

Market
Value

Market Value
as Percentage
of Net Assets

AmSurg Corp.

 

 

11/02/2023 - 11/06/2023

$

8,047

$

8,469

3.97

%

Country Garden Holdings Co. Ltd. 0.000% due 12/31/2031

 

 

12/30/2025

 

62

 

49

0.02

 

Incora New Equity

 

 

01/31/2025

 

5,919

 

4,615

2.17

 

Incora Top Holdco LLC 6.000% due 01/30/2033

 

 

01/31/2025 - 01/31/2026

 

2,775

 

4,203

1.97

 

Luxco Co. Ltd.

 

 

10/01/2025

 

331

 

348

0.16

 

MNSN Holdings, Inc.

 

 

03/16/2023 - 03/17/2023

 

12

 

65

0.03

 

Steinhoff International Holdings NV

 

 

06/30/2023 - 10/30/2023

 

0

 

0

0.00

 

Syniverse Holdings, Inc.

 

 

05/12/2022 - 11/30/2025

 

1,118

 

953

0.45

 

Westmoreland Mining Holdings

 

 

03/26/2019

 

0

 

0

0.00

 

Westmoreland Mining LLC

 

 

06/30/2023 - 02/03/2025

 

1

 

1

0.00

 

 

 

 

 

$

18,265

$

18,703

8.78%  

BORROWINGS AND OTHER FINANCING TRANSACTIONS

REVERSE REPURCHASE AGREEMENTS:

Counterparty

Borrowing Rate(1)

Settlement Date

Maturity Date

 

Amount
Borrowed(1)

 

Payable for
Reverse
Repurchase
Agreements

BPS

4.380%

03/18/2026

09/14/2026

$

(4,983)

$

(4,991)

 

4.830

01/27/2026

07/23/2026

 

(2,550)

 

(2,572)

 

5.170

01/22/2026

04/22/2026

 

(3,814)

 

(3,852)

BRC

4.070

03/13/2026

04/13/2026

 

(3,469)

 

(3,477)

BYR

3.850

12/12/2025

TBD(2)

 

(693)

 

(701)

 

4.130

02/03/2026

07/31/2026

 

(4,056)

 

(4,083)

 

4.130

03/10/2026

07/31/2026

 

(1,473)

 

(1,477)

 

4.130

03/18/2026

04/21/2026

 

(1,971)

 

(1,974)

CIB

3.790

03/12/2026

04/13/2026

 

(5,916)

 

(5,929)

DBL

3.950

03/26/2026

TBD(2)

 

(270)

 

(270)

 

4.100

03/06/2026

04/06/2026

 

(1,884)

 

(1,890)

 

4.120

03/13/2026

05/08/2026

 

(1,966)

 

(1,971)

 

4.620

03/13/2026

05/08/2026

 

(812)

 

(814)

 

4.670

03/13/2026

05/08/2026

 

(1,528)

 

(1,532)

DEU

3.960

02/13/2026

05/14/2026

 

(2,664)

 

(2,678)

GSC

3.790

03/12/2026

04/13/2026

 

(5,717)

 

(5,729)

IND

4.030

01/08/2026

04/08/2026

 

(1,284)

 

(1,296)

 

4.060

03/16/2026

06/16/2026

 

(190)

 

(190)

 

4.080

02/12/2026

05/13/2026

 

(597)

 

(600)

 

4.090

03/04/2026

06/04/2026

 

(1,131)

 

(1,134)

 

4.110

03/17/2026

06/16/2026

 

(1,249)

 

(283)

 

4.110

03/30/2026

06/16/2026

 

(472)

 

(472)

 

4.140

02/12/2026

05/13/2026

 

(692)

 

(696)

Schedule of Investments PIMCO Strategic Income Fund, Inc. (Cont.)

March 31, 2026 (Unaudited)

 

 

4.150

01/08/2026

04/08/2026

 

(349)

 

(353)

 

4.150

01/28/2026

04/08/2026

 

(720)

 

(726)

 

4.160

03/16/2026

06/16/2026

 

(569)

 

(570)

 

4.160

03/17/2026

06/16/2026

 

(748)

 

(749)

 

4.190

01/16/2026

04/15/2026

 

(208)

 

(209)

 

4.210

02/09/2026

05/11/2026

 

(823)

 

(828)

 

4.390

01/16/2026

06/15/2026

 

(1,458)

 

(1,471)

JML

4.100

03/20/2026

05/01/2026

 

(2,813)

 

(2,816)

MSB

4.430

03/31/2026

09/30/2026

 

(1,278)

 

(1,278)

 

4.680

03/18/2026

07/16/2026

 

(707)

 

(708)

RCY

4.180

03/13/2026

04/13/2026

 

(615)

 

(616)

SBI

3.820

03/12/2026

04/13/2026

 

(3,883)

 

(3,891)

SOG

2.110

02/26/2026

TBD(2)

EUR

(1,720)

 

(1,992)

 

3.910

12/12/2025

TBD(2)

$

(580)

 

(587)

 

3.990

03/10/2026

TBD(2)

 

(3,120)

 

(3,128)

 

4.090

01/08/2026

04/08/2026

 

(2,703)

 

(2,729)

 

4.090

02/03/2026

04/09/2026

 

(973)

 

(979)

 

4.090

02/05/2026

05/06/2026

 

(3,625)

 

(3,648)

 

4.100

01/21/2026

04/16/2026

 

(1,296)

 

(1,306)

 

4.190

01/08/2026

04/08/2026

 

(633)

 

(640)

 

4.190

03/17/2026

04/07/2026

 

(664)

 

(665)

 

4.190

03/17/2026

04/08/2026

 

(588)

 

(589)

 

4.210

02/09/2026

05/04/2026

 

(926)

 

(931)

 

4.220

02/26/2026

04/16/2026

 

(729)

 

(732)

 

4.220

03/17/2026

05/26/2026

 

(234)

 

(235)

TDM

3.770

12/12/2025

TBD(2)

 

(393)

 

(398)

 

3.900

12/12/2025

TBD(2)

 

(1,138)

 

(1,151)

Total Reverse Repurchase Agreements

 

 

 

 

 

$

(82,536)

SHORT SALES:

Description

Coupon

Maturity
Date

 

Principal
Amount

 

Proceeds

 

Payable for
Short Sales

U.S. Government Agencies (3.5)%

Uniform Mortgage-Backed Security, TBA

2.000%

04/01/2041

$

200

$

(186)

$

(184)

Uniform Mortgage-Backed Security, TBA

2.000

05/01/2056

 

1,950

 

(1,562)

 

(1,570)

Uniform Mortgage-Backed Security, TBA

2.500

05/01/2056

 

600

 

(503)

 

(504)

Uniform Mortgage-Backed Security, TBA

4.500

04/01/2056

 

1,840

 

(1,794)

 

(1,776)

Uniform Mortgage-Backed Security, TBA

4.500

06/01/2056

 

1,500

 

(1,442)

 

(1,446)

Uniform Mortgage-Backed Security, TBA

5.000

04/01/2056

 

140

 

(139)

 

(138)

Uniform Mortgage-Backed Security, TBA

5.500

05/01/2056

 

1,900

 

(1,915)

 

(1,906)

Total Short Sales (3.5)%

 

 

 

 

$

(7,541)

$

(7,524)

(i)

Securities with an aggregate market value of $92,831 and cash of $592 have been pledged as collateral under the terms of master agreements as of March 31, 2026.

(1)

The average amount of borrowings outstanding during the period ended March 31, 2026 was $(85,801) at a weighted average interest rate of 4.507%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.

(2)

Open maturity reverse repurchase agreement.

(j)

FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED

FUTURES CONTRACTS:

LONG FUTURES CONTRACTS

 

Variation Margin

Description

 

 

 

Expiration
Month

 

# of
Contracts

 

Notional
Amount

 

 

Unrealized
Appreciation/
(Depreciation)

 

Asset

 

Liability

U.S. Treasury 10-Year Note June Futures

06/2026

 

18

$

1,999

 

$

(41)

$

4

$

0

SHORT FUTURES CONTRACTS

 

Variation Margin

Description

 

 

 

Expiration
Month

 

# of
Contracts

 

Notional
Amount

 

 

Unrealized
Appreciation/
(Depreciation)

 

Asset

 

Liability

3-Month SOFR Active Contract March Futures

06/2026

 

4

$

(963)

 

$

15

$

0

$

0

Total Futures Contracts

 

$

(26)

$

4

$

0

SWAP AGREEMENTS:

CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION(1)

 

Variation Margin

Reference Entity

Fixed
(Pay) Rate

Payment
Frequency

Maturity
Date

Implied
Credit Spread at
March 31, 2026(3)

 

Notional
Amount(4)

 

Premiums
Paid/
(Received)

 

Unrealized
Appreciation/
(Depreciation)

 

Market
Value(5)

 

Asset

 

Liability

Boeing Co.

(1.000)%

Quarterly

06/20/2026

0.213

%

$

900

$

(3)

$

1

$

(2)

$

0

$

0

Schedule of Investments PIMCO Strategic Income Fund, Inc. (Cont.)

March 31, 2026 (Unaudited)

 

CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION(2)

 

Variation Margin

Reference Entity

Fixed
Receive Rate

Payment
Frequency

Maturity
Date

Implied
Credit Spread at
March 31, 2026(3)

 

Notional
Amount(4)

 

Premiums
Paid/
(Received)

 

Unrealized
Appreciation/
(Depreciation)

 

Market
Value(5)

 

Asset

 

Liability

AT&T, Inc.

1.000%

Quarterly

06/20/2028

0.395

%

$

500

$

(5)

$

12

$

7

$

0

$

0

Boeing Co.

1.000

Quarterly

12/20/2030

0.712

 

 

1,200

 

20

 

(5)

 

15

 

1

 

0

Discovery Global Holdings, Inc.

1.000

Quarterly

12/20/2026

0.970

 

 

1,300

 

(5)

 

6

 

1

 

0

 

0

Morgan Stanley

1.000

Quarterly

06/20/2026

0.303

 

 

1,600

 

6

 

(3)

 

3

 

0

 

0

Oracle Corp.

1.000

Quarterly

06/20/2030

1.622

 

 

2,200

 

48

 

(99)

 

(51)

 

4

 

0

Stellantis NV

5.000

Quarterly

12/20/2030

1.874

 

EUR

200

 

38

 

(7)

 

31

 

1

 

0

Worldline SA/France

5.000

Quarterly

12/20/2027

10.088

 

 

100

 

(9)

 

0

 

(9)

 

0

 

(1)

 

 

 

 

 

 

$

93

$

(96)

$

(3)

$

6

$

(1)

INTEREST RATE SWAPS

 

Variation Margin

Pay/
Receive
Floating Rate

Floating Rate Index

Fixed Rate

Payment
Frequency

Maturity
Date

 

Notional
Amount

 

Premiums
Paid/
(Received)

 

Unrealized
Appreciation/
(Depreciation)

 

Market
Value

 

Asset

 

Liability

Pay

1-Day GBP-SONIO Compounded-OIS

3.500%

Annual

03/18/2031

GBP

12,380

$

(54)

$

(474)

$

(528)

$

39

$

0

Receive

1-Day GBP-SONIO Compounded-OIS

0.750

Annual

09/21/2052

 

5,900

 

680

 

4,209

 

4,889

 

0

 

(11)

Receive

1-Day USD-SOFR Compounded-OIS

1.350

Semi-Annual

01/20/2027

$

3,200

 

(1)

 

84

 

83

 

0

 

0

Receive

1-Day USD-SOFR Compounded-OIS

1.360

Semi-Annual

02/15/2027

 

2,130

 

0

 

55

 

55

 

0

 

0

Receive

1-Day USD-SOFR Compounded-OIS

1.450

Semi-Annual

02/17/2027

 

3,500

 

(1)

 

88

 

87

 

0

 

0

Receive

1-Day USD-SOFR Compounded-OIS

1.420

Semi-Annual

02/24/2027

 

1,000

 

0

 

25

 

25

 

0

 

0

Pay

1-Day USD-SOFR Compounded-OIS

1.650

Semi-Annual

02/24/2027

 

3,400

 

(9)

 

(69)

 

(78)

 

0

 

0

Pay

1-Day USD-SOFR Compounded-OIS

1.000

Annual

06/15/2027

 

11,200

 

(763)

 

131

 

(632)

 

2

 

0

Pay

1-Day USD-SOFR Compounded-OIS

1.750

Annual

06/15/2027

 

28,200

 

(1,308)

 

134

 

(1,174)

 

7

 

0

Receive

1-Day USD-SOFR Compounded-OIS

2.000

Annual

12/21/2027

 

47,200

 

3,512

 

(1,991)

 

1,521

 

0

 

(20)

Receive

1-Day USD-SOFR Compounded-OIS

1.420

Semi-Annual

08/17/2028

 

3,800

 

(1)

 

224

 

223

 

0

 

(2)

Receive

1-Day USD-SOFR Compounded-OIS

1.370

Semi-Annual

08/25/2028

 

11,363

 

(3)

 

682

 

679

 

0

 

(6)

Pay

1-Day USD-SOFR Compounded-OIS

1.500

Semi-Annual

12/15/2028

 

7,141

 

97

 

(511)

 

(414)

 

4

 

0

Receive

1-Day USD-SOFR Compounded-OIS

3.750

Annual

12/20/2028

 

59,000

 

1,147

 

(1,405)

 

(258)

 

0

 

(37)

Receive

1-Day USD-SOFR Compounded-OIS

1.500

Semi-Annual

01/12/2029

 

2,365

 

0

 

160

 

160

 

0

 

(1)

Pay

1-Day USD-SOFR Compounded-OIS

1.700

Semi-Annual

01/12/2029

 

8,600

 

(26)

 

(507)

 

(533)

 

5

 

0

Pay

1-Day USD-SOFR Compounded-OIS

1.000

Annual

06/15/2029

 

2,810

 

(113)

 

(175)

 

(288)

 

2

 

0

Pay

1-Day USD-SOFR Compounded-OIS

1.750

Annual

06/15/2029

 

73,390

 

(5,265)

 

(154)

 

(5,419)

 

52

 

0

Pay

1-Day USD-SOFR Compounded-OIS

3.000

Semi-Annual

06/19/2029

 

44,200

 

2,283

 

(3,124)

 

(841)

 

31

 

0

Receive

1-Day USD-SOFR Compounded-OIS

3.750

Annual

06/20/2029

 

13,500

 

(254)

 

219

 

(35)

 

0

 

(11)

Pay

1-Day USD-SOFR Compounded-OIS

1.500

Semi-Annual

12/18/2029

 

4,500

 

(46)

 

(309)

 

(355)

 

4

 

0

Pay

1-Day USD-SOFR Compounded-OIS

2.000

Annual

12/21/2029

 

13,700

 

(1,410)

 

593

 

(817)

 

12

 

0

Receive

1-Day USD-SOFR Compounded-OIS

3.000

Annual

06/21/2030

 

6,800

 

179

 

35

 

214

 

0

 

(7)

Receive

1-Day USD-SOFR Compounded-OIS

1.000

Semi-Annual

12/16/2030

 

4,805

 

21

 

572

 

593

 

0

 

(4)

Receive

1-Day USD-SOFR Compounded-OIS

3.500

Annual

12/20/2030

 

3,900

 

259

 

(238)

 

21

 

0

 

(4)

Pay

1-Day USD-SOFR Compounded-OIS

3.500

Annual

03/18/2031

 

77,540

 

410

 

(833)

 

(423)

 

82

 

0

Receive

1-Day USD-SOFR Compounded-OIS

1.750

Semi-Annual

12/15/2031

 

12,200

 

(165)

 

1,490

 

1,325

 

0

 

(11)

Receive

1-Day USD-SOFR Compounded-OIS

1.250

Annual

06/15/2032

 

38,250

 

4,949

 

1,083

 

6,032

 

0

 

(40)

Receive

1-Day USD-SOFR Compounded-OIS

1.750

Annual

06/15/2032

 

46,980

 

1,980

 

3,924

 

5,904

 

0

 

(48)

Schedule of Investments PIMCO Strategic Income Fund, Inc. (Cont.)

March 31, 2026 (Unaudited)

 

Receive

1-Day USD-SOFR Compounded-OIS

3.750

Annual

09/17/2032

 

10

 

0

 

0

 

0

 

0

 

0

Receive

1-Day USD-SOFR Compounded-OIS

3.750

Annual

03/18/2033

 

1,760

 

(32)

 

29

 

(3)

 

0

 

(2)

Receive

1-Day USD-SOFR Compounded-OIS

3.000

Annual

06/21/2033

 

8,305

 

320

 

135

 

455

 

0

 

(9)

Receive

1-Day USD-SOFR Compounded-OIS

3.500

Annual

12/20/2033

 

2,510

 

42

 

3

 

45

 

0

 

(3)

Receive

1-Day USD-SOFR Compounded-OIS

3.750

Annual

06/20/2034

 

1,300

 

(46)

 

52

 

6

 

0

 

(1)

Pay

1-Day USD-SOFR Compounded-OIS

3.750

Annual

06/20/2034

 

250

 

(7)

 

6

 

(1)

 

0

 

0

Receive

1-Day USD-SOFR Compounded-OIS

3.750

Annual

12/17/2035

 

2,490

 

(41)

 

62

 

21

 

0

 

(2)

Receive

1-Day USD-SOFR Compounded-OIS

3.750

Annual

12/17/2045

 

1,640

 

32

 

61

 

93

 

3

 

0

Receive

1-Day USD-SOFR Compounded-OIS

2.000

Semi-Annual

01/15/2050

 

4,400

 

(31)

 

1,692

 

1,661

 

10

 

0

Receive

1-Day USD-SOFR Compounded-OIS

1.750

Semi-Annual

01/22/2050

 

4,100

 

(10)

 

1,713

 

1,703

 

10

 

0

Receive

1-Day USD-SOFR Compounded-OIS

1.875

Semi-Annual

02/07/2050

 

1,400

 

(5)

 

559

 

554

 

3

 

0

Receive

1-Day USD-SOFR Compounded-OIS

1.250

Semi-Annual

12/16/2050

 

5,700

 

537

 

2,283

 

2,820

 

14

 

0

Receive

1-Day USD-SOFR Compounded-OIS

1.450

Semi-Annual

04/07/2051

 

3,500

 

(2)

 

1,646

 

1,644

 

10

 

0

Pay

1-Day USD-SOFR Compounded-OIS

1.650

Semi-Annual

04/08/2051

 

2,100

 

1

 

(920)

 

(919)

 

0

 

(6)

Pay

1-Day USD-SOFR Compounded-OIS

1.500

Annual

06/15/2052

 

2,800

 

(106)

 

(1,148)

 

(1,254)

 

0

 

(8)

Receive

1-Day USD-SOFR Compounded-OIS

1.750

Annual

06/15/2052

 

6,900

 

1,128

 

1,680

 

2,808

 

19

 

0

Receive

1-Year BRL-CDI

11.823

Maturity

01/04/2027

BRL

40,300

 

0

 

379

 

379

 

0

 

(11)

Pay

1-Year BRL-CDI

12.047

Maturity

01/04/2027

 

39,700

 

0

 

(329)

 

(329)

 

11

 

0

Pay(6)

6-Month EUR-EURIBOR

2.500

Annual

09/16/2031

EUR

2,700

 

2

 

(65)

 

(63)

 

14

 

0

Receive

6-Month EUR-EURIBOR

0.500

Annual

09/21/2052

 

3,500

 

303

 

1,618

 

1,921

 

0

 

(22)

Receive(6)

6-Month EUR-EURIBOR

0.830

Annual

12/09/2052

 

3,700

 

23

 

434

 

457

 

4

 

0

Pay

CAONREPO

3.500

Semi-Annual

06/19/2034

CAD

2,000

 

69

 

(24)

 

45

 

4

 

0

Receive

CAONREPO

3.500

Semi-Annual

06/20/2044

 

1,300

 

14

 

(11)

 

3

 

1

 

0

Pay

Worldline SA/France

5.000

Quarterly

12/20/2030

EUR

2,200

 

(349)

 

(109)

 

(458)

 

0

 

(33)

 

 

 

 

 

 

$

7,940

$

13,664

$

21,604

$

343

$

(299)

Total Swap Agreements

$

8,030

$

13,569

$

21,599

$

349

$

(300)

Cash of $5,494 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.

(1)

If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

(2)

If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

(3)

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

(4)

The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(5)

The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

(6)

This instrument has a forward starting effective date.

(k)

FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER

FORWARD FOREIGN CURRENCY CONTRACTS:

 

Unrealized Appreciation/(Depreciation)

Counterparty

Settlement
Month

 

Currency to
be Delivered

 

Currency to
be Received

 

Asset

 

Liability

AZD

04/2026

CAD

100

$

73

$

1

$

0

BOA

04/2026

BRL

590

 

113

 

0

 

(1)

 

04/2026

DOP

30,347

 

495

 

2

 

(4)

 

04/2026

JPY

21,825

 

137

 

0

 

(1)

 

04/2026

$

113

BRL

590

 

1

 

0

 

05/2026

DOP

909

$

14

 

0

 

(1)

 

05/2026

$

137

JPY

21,760

 

1

 

0

BRC

04/2026

TRY

78,967

$

1,716

 

0

 

(26)

 

04/2026

$

3,092

TRY

138,990

 

17

 

0

Schedule of Investments PIMCO Strategic Income Fund, Inc. (Cont.)

March 31, 2026 (Unaudited)

 

 

05/2026

TRY

21,245

$

456

 

0

 

(2)

 

05/2026

$

411

TRY

19,046

 

0

 

0

BSH

04/2026

JPY

120,636

$

756

 

0

 

(5)

 

04/2026

$

5,853

GBP

4,397

 

0

 

(33)

 

05/2026

GBP

4,397

$

5,853

 

33

 

0

 

05/2026

$

756

JPY

120,272

 

5

 

0

CBK

04/2026

COP

675,480

$

178

 

0

 

(6)

 

06/2026

 

326,933

 

86

 

0

 

(2)

FAR

04/2026

EUR

1,906

 

2,213

 

10

 

0

 

04/2026

GBP

6,044

 

8,167

 

168

 

0

 

04/2026

JPY

150,202

 

941

 

0

 

(5)

 

04/2026

$

232

EUR

199

 

0

 

(2)

 

04/2026

 

301

JPY

47,053

 

0

 

(5)

 

05/2026

 

941

 

149,749

 

5

 

0

GLM

04/2026

BRL

1,918

$

361

 

0

 

(9)

 

04/2026

$

359

BRL

1,918

 

11

 

0

 

05/2026

DOP

27,527

$

426

 

0

 

(27)

 

06/2026

 

4,050

 

66

 

0

 

0

 

06/2026

$

361

BRL

1,944

 

9

 

0

 

06/2026

 

177

MXN

3,097

 

0

 

(6)

 

07/2026

DOP

2,640

$

43

 

0

 

0

 

08/2026

 

14,023

 

224

 

0

 

(4)

 

08/2026

NGN

29,925

 

19

 

0

 

(2)

 

09/2026

DOP

27,956

 

464

 

12

 

(1)

IND

04/2026

EUR

23,897

 

28,217

 

596

 

0

JPM

04/2026

MXN

3,119

 

174

 

0

 

0

MBC

04/2026

GBP

103

 

138

 

2

 

0

 

04/2026

JPY

46,430

 

290

 

0

 

(2)

 

04/2026

$

614

EUR

531

 

1

 

(1)

 

04/2026

 

328

JPY

50,943

 

0

 

(7)

 

05/2026

 

290

 

46,290

 

2

 

0

NGF

04/2026

 

452

TRY

20,800

 

1

 

0

RYL

04/2026

 

2,976

EUR

2,540

 

0

 

(40)

SCX

04/2026

 

72

CAD

100

 

0

 

0

 

04/2026

 

273

EUR

235

 

0

 

(1)

 

04/2026

 

2,320

GBP

1,750

 

0

 

(3)

 

04/2026

 

237

JPY

37,005

 

0

 

(4)

 

05/2026

CAD

100

$

72

 

0

 

0

 

11/2026

NGN

21,028

 

13

 

0

 

(1)

SOG

04/2026

EUR

2,206

 

2,610

 

60

 

0

 

04/2026

$

28,546

EUR

24,722

 

45

 

(16)

 

04/2026

 

1,312

JPY

204,108

 

0

 

(26)

 

05/2026

EUR

24,142

$

27,904

 

0

 

(44)

 

05/2026

JPY

337,000

 

2,121

 

0

 

(9)

 

06/2026

EGP

464

 

9

 

1

 

0

SSB

08/2026

COP

594,114

 

156

 

0

 

(1)

 

09/2026

 

12,795,420

 

3,299

 

0

 

(55)

UAG

04/2026

EUR

218

 

252

 

0

 

0

 

04/2026

$

100

COP

371,785

 

1

 

0

 

06/2026

COP

377,270

$

100

 

0

 

(1)

Total Forward Foreign Currency Contracts

$

984

$

(353)

SWAP AGREEMENTS:

CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION(1)

 

Swap Agreements, at Value(4)

Counterparty

Reference Entity

Fixed
Receive Rate

Payment
Frequency

Maturity
Date

Implied
Credit Spread at
March 31, 2026(2)

 

Notional
Amount(3)

 

Premiums
Paid/(Received)

 

Unrealized
Appreciation/
(Depreciation)

 

Asset

 

Liability

BOA

Panama Government International Bonds

1.000%

Quarterly

12/20/2028

0.787%

$

1,500

$

(62)

$

71

$

9

$

0

BRC

Egypt Government International Bonds

1.000

Quarterly

12/20/2028

3.550

 

700

 

(121)

 

77

 

0

 

(44)

 

Egypt Government International Bonds

1.000

Quarterly

06/20/2029

3.628

 

400

 

(85)

 

55

 

0

 

(30)

 

Panama Government International Bonds

1.000

Quarterly

12/20/2028

0.787

 

1,600

 

(66)

 

75

 

9

 

0

CBK

Israel Government International Bonds

1.000

Quarterly

06/20/2027

0.387

 

1,100

 

(6)

 

15

 

9

 

0

 

Israel Government International Bonds

1.000

Quarterly

06/20/2030

0.710

 

100

 

(1)

 

2

 

1

 

0

 

Panama Government International Bonds

1.000

Quarterly

06/20/2026

0.516

 

600

 

1

 

0

 

1

 

0

GST

Equinix, Inc.

5.000

Quarterly

06/20/2027

0.478

 

500

 

70

 

(42)

 

28

 

0

 

Soft Bank Group,Inc.

1.000

Quarterly

06/20/2026

1.662

 

2,400

 

(20)

 

17

 

0

 

(3)

JPM

Israel Government International Bonds

1.000

Quarterly

06/20/2030

0.710

 

100

 

(1)

 

2

 

1

 

0

MYC

Nissan Motor Co. Ltd.

1.000

Quarterly

12/20/2030

2.738

JPY

15,100

 

(8)

 

1

 

0

 

(7)

 

Petroleos Mexicanos

1.000

Quarterly

12/20/2028

2.711

$

200

 

(39)

 

31

 

0

 

(8)

Total Swap Agreements

$

(338)

$

304

$

58

$

(92)

(l)

Securities with an aggregate market value of $372 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.

Schedule of Investments PIMCO Strategic Income Fund, Inc. (Cont.)

March 31, 2026 (Unaudited)

 

(1)

If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

(2)

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

(3)

The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(4)

The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

FAIR VALUE MEASUREMENTS

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

Level 1

Level 2

Level 3

Fair Value
at 03/31/2026

Investments in Securities, at Value

Loan Participations and Assignments

$

0

$

22,905

$

16,628

$

39,533

 

Corporate Bonds & Notes

 

Banking & Finance

 

0

 

20,853

 

0

 

20,853

 

 

Industrials

 

0

 

37,337

 

8,196

 

45,533

 

 

Utilities

 

0

 

8,717

 

50

 

8,767

 

Convertible Bonds & Notes

 

Banking & Finance

 

0

 

156

 

0

 

156

 

 

Industrials

 

0

 

331

 

0

 

331

 

Municipal Bonds & Notes

 

California

 

0

 

41

 

0

 

41

 

 

Michigan

 

0

 

2,300

 

0

 

2,300

 

 

West Virginia

 

0

 

2,351

 

0

 

2,351

 

U.S. Government Agencies

 

0

 

326,173

 

0

 

326,173

 

U.S. Treasury Obligations

 

0

 

393

 

0

 

393

 

Non-Agency Mortgage-Backed Securities

 

0

 

40,102

 

0

 

40,102

 

Asset-Backed Securities

 

Home Equity Other

 

0

 

3,354

 

0

 

3,354

 

 

Manufacturing House ABS Other

 

0

 

1

 

0

 

1

 

 

Manufacturing House Sequential

 

0

 

268

 

0

 

268

 

 

Other ABS

 

0

 

2,495

 

3,446

 

5,941

 

Sovereign Issues

 

0

 

22,926

 

0

 

22,926

 

Common Stocks

 

Communication Services

 

1,199

 

72

 

1,619

 

2,890

 

 

Financials

 

2

 

3,138

 

0

 

3,140

 

 

Health Care

 

0

 

0

 

8,469

 

8,469

 

 

Industrials

 

0

 

0

 

4,964

 

4,964

 

 

Real Estate

 

0

 

8

 

65

 

73

 

Warrants

 

Communication Services

 

0

 

61

 

0

 

61

 

Preferred Securities

 

Banking & Finance

 

0

 

1,296

 

5,234

 

6,530

 

 

Industrials

 

0

 

678

 

953

 

1,631

 

Real Estate Investment Trusts

 

Real Estate

 

913

 

0

 

0

 

913

 

Short-Term Instruments

 

Egypt Treasury Bills

 

0

 

928

 

0

 

928

 

 

Nigeria Treasury Bills

 

0

 

4,684

 

0

 

4,684

 

 

U.S. Treasury Bills

 

0

 

758

 

0

 

758

 

 

$

2,114

$

502,326

$

49,624

$

554,064

 

Investments in Affiliates, at Value

Short-Term Instruments

 

Central Funds Used for Cash Management Purposes

$

20,447

$

0

$

0

$

20,447

 

Total Investments

$

22,561

$

502,326

$

49,624

$

574,511

 

Short Sales, at Value - Liabilities

U.S. Government Agencies

$

0

$

(7,524)

$

0

$

(7,524)

 

Financial Derivative Instruments - Assets

Exchange-traded or centrally cleared

 

0

 

353

 

0

 

353

 

Over the counter

 

0

 

1,042

 

0

 

1,042

 

 

$

0

$

1,395

$

0

$

1,395

 

Financial Derivative Instruments - Liabilities

Exchange-traded or centrally cleared

 

0

 

(300)

 

0

 

(300)

 

Over the counter

 

0

 

(445)

 

0

 

(445)

 

 

$

0

$

(745)

$

0

$

(745)

 

Total Financial Derivative Instruments

$

0

$

650

$

0

$

650

 

Schedule of Investments PIMCO Strategic Income Fund, Inc. (Cont.)

March 31, 2026 (Unaudited)

 

Totals

$

22,561

$

495,452

$

49,624

$

567,637

 

 

 

 

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
Balance
at 06/30/2025

Net
Purchases

Net
Sales/Settlements

Accrued
Discounts/
(Premiums)

Realized
Gain/(Loss)

Net Change in
Unrealized
Appreciation/
(Depreciation) (1)

Transfers into
Level 3

Transfers out
of Level 3

Ending
Balance
at 03/31/2026

Net Change in
Unrealized
Appreciation/
(Depreciation)
on Investments
Held at
03/31/2026 (1)

Investments in Securities, at Value

Loan Participations and Assignments

$

5,655

$

2,742

$

(2,172)

$

19

$

4

$

300

$

10,080

$

0

$

16,628

$

51

Corporate Bonds & Notes

 

Industrials

 

8,899

 

525

 

(2,243)

 

23

 

0

 

992

 

0

 

0

 

8,196

 

418

 

Utilities

 

0

 

43

 

0

 

(1)

 

0

 

8

 

0

 

0

 

50

 

8

Asset-Backed Securities

 

Other ABS

 

3,605

 

0

 

(10)

 

0

 

(5,237)

 

5,088

 

0

 

0

 

3,446

 

(160)

Common Stocks

 

Communication Services

 

632

 

0

 

(496)

 

0

 

366

 

1,117

 

0

 

0

 

1,619

 

1,537

 

Financials

 

3,412

 

0

 

(3,495)

 

0

 

(3,280)

 

3,363

 

0

 

0

 

0

 

0

 

Health Care

 

8,694

 

0

 

0

 

0

 

0

 

(225)

 

0

 

0

 

8,469

 

(225)

 

Industrials

 

4,118

 

1,125

 

(807)

 

0

 

13

 

515

 

0

 

0

 

4,964

 

515

 

Real Estate

 

4

 

0

 

0

 

0

 

0

 

61

 

0

 

0

 

65

 

61

Warrants

 

Communication Services

 

109

 

0

 

(98)

 

0

 

26

 

(37)

 

0

 

0

 

0

 

0

 

Financials

 

2

 

0

 

(8)

 

0

 

(2,654)

 

2,660

 

0

 

0

 

0

 

0

Preferred Securities

 

Banking & Finance

 

0

 

5,220

 

0

 

0

 

0

 

14

 

0

 

0

 

5,234

 

14

 

Industrials

 

1,009

 

67

 

0

 

0

 

0

 

(123)

 

0

 

0

 

953

 

(123)

Totals

$

36,139

$

9,722

$

(9,329)

$

41

$

(10,762)

$

13,733

$

10,080

$

0

$

49,624

$

2,096


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)

 

Category and Subcategory

Ending
Balance
at 03/31/2026

Valuation Technique

Unobservable Inputs

 

Input Value(s)

Weighted Average

Investments in Securities, at Value

Loan Participations and Assignments

$

3,980

Comparable Companies

EBITDA Multiple

X

16.360

—

 

 

2,488

Discounted Cash Flow

Discount Rate

 

9.620

—

 

 

10,160

Third Party Vendor

Broker Quote

 

43.500 - 97.750

95.371

Corporate Bonds & Notes

 

Industrials

 

8,196

Comparable Companies / Discounted Cash Flow

EBITDA Multiple/Discount Rate

X/
%

-

—

 

Utilities

 

50

Indicative Market Quotation

Broker Quote

EU
R

12.000

—

Asset-Backed Securities

 

Other ABS

 

3,446

Discounted Cash Flow

Discount Rate

 

10.320 - 13.750

11.703

Common Stocks

 

Communication Services

 

1,483

Indicative Market Quotation

Broker Quote

$

15.000

—

 

 

 

136

Reference Instrument

Liquidity Discount

 

12.000

—

 

Health Care

 

8,469

Comparable Companies

EBITDA Multiple

X

16.360

—

 

Industrials

 

4,615

Comparable Companies / Discounted Cash Flow

EBITDA Multiple/Discount Rate

X/
%

-

—

 

 

 

1

Indicative Market Quotation

Broker Quote

$

0.594 - 4.250

4.095

 

 

 

348

Indicative Market Quotation

Broker Quote

EU
R

16.000

—

 

Real Estate

 

65

Other Valuation Techniques(2)

—

 

-

—

Preferred Securities

 

Banking & Finance

 

228

Discounted Cash Flow

Discount Rate

 

11.900

—

 

 

 

5,006

Recent transaction

Purchase price

$

-

—

 

Industrials

 

953

Discounted Cash Flow

Discount Rate

 

19.155

 

—

Total

$

49,624

(1)

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.

(2)

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

 

1. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS

(a) Investment Valuation Policies The 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 do not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC (“PIMCO”) to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close if the NYSE Close occurs before the end of trading on the foreign exchange.

 

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act. 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 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. Open-end management investment companies may include affiliated funds.

 

If a foreign (non-U.S.) equity security’s value has materially changed after the close of the security’s primary exchange or principal market but before the NYSE Close, 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 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.An alternative exchange rate may be obtained from a Pricing Source or an exchange rate may otherwise be determined if believed to be more reflective of the rates at which the Fund may transact.

 

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.

 

 

Notes to Financial Statements(Cont.)

 

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

 

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

 

Assets or liabilities categorized as Level 2 or 3 as of period end have been transferred between Levels 2 and 3 since the prior period due to changes in the method utilized in valuing the investments. Transfers from Level 2 to Level 3 are a result of a change, in the normal course of business, from the use of methods used by Pricing Sources (Level 2) to the use of a Broker Quote or valuation technique which utilizes significant unobservable inputs due to an absence of current or reliable market-based data (Level 3).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 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.

 

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

 

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

 

Notes to Financial Statements(Cont.)

 

 

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.

 

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

 

Expected recovery valuation estimates that the fair value of an existing asset can be recovered, net of any liability. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

 

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

 

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

 

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

 

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

 

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

 

2. FEDERAL INCOME TAX MATTERS

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.

    

3. 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 endedMarch 31, 2026 (amounts in thousands†):

Investment in PIMCO Short-Term Floating NAV Portfolio III

 

 

Market Value
06/30/2025

 

Purchases at
Cost

 

Proceeds from
Sales

 

Net
Realized
Gain (Loss)

 

Change in
Unrealized
Appreciation
(Depreciation)

 

Market Value
03/31/2026

 

Dividend
Income(1)

 

Realized Net
Capital
Gain
Distributions(1)

$

7,682

$

124,863

$

(112,100)

$

3

$

(1)

$

20,447

$

462

$

0

 

† A zero balance may reflect actual amounts rounding to less than one thousand.

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

 

 

Glossary: (abbreviations that may be used in the preceding statements)       (Unaudited)
                     
Counterparty Abbreviations:                
AZD   Australia and New Zealand Banking Group   FAR   Wells Fargo Bank National Association   NGF   Nomura Global Financial Products, Inc.
BOA   Bank of America N.A.   GLM   Goldman Sachs Bank USA   RCY   Royal Bank of Canada
BPS   BNP Paribas S.A.   GSC   Goldman Sachs & Co. LLC   RYL   NatWest Markets Plc
BRC   Barclays Bank PLC   GST   Goldman Sachs International   SBI   Citigroup Global Markets Ltd.
BSH   Banco Santander S.A. - New York Branch   IND   Crédit Agricole Corporate and Investment Bank
S.A.		   SCX   Standard Chartered Bank, London
BYR   The Bank of Nova Scotia - Toronto   JML   JP Morgan Securities Plc   SOG   Societe Generale Paris
CBK   Citibank N.A.   JPM   JP Morgan Chase Bank N.A.   SSB   State Street Bank and Trust Co.
CIB   Canadian Imperial Bank of Commerce   MBC   HSBC Bank Plc   TDM   TD Securities (USA) LLC
DBL   Deutsche Bank AG London   MSB   Morgan Stanley Bank, N.A   UAG   UBS AG Stamford
DEU   Deutsche Bank Securities, Inc.   MYC   Morgan Stanley Bank, N.A.        
                     
Currency Abbreviations:                
BRL   Brazilian Real   EGP   Egyptian Pound   MXN   Mexican Peso
CAD   Canadian Dollar   EUR   Euro   NGN   Nigerian Naira
COP   Colombian Peso   GBP   British Pound   TRY   Turkish New Lira
DOP   Dominican Peso   JPY   Japanese Yen   USD (or $)   United States Dollar
                     
Index/Spread Abbreviations:                
BISTREFI   Turkish Lira Overnight Reference Rate   SOFR   Secured Overnight Financing Rate   TSFR1M   Term SOFR 1-Month
CAONREPO   Canadian Overnight Repo Rate Average   SOFRINDX   Secured Overnight Financing Rate Index   TSFR3M   Term SOFR 3-Month
EUR003M   3 Month EUR Swap Rate   SONIO   Sterling Overnight Interbank Average Rate   TSFR6M   Term SOFR 6-Month
EUR006M   6 Month EUR Swap Rate                
                     
Municipal Bond or Agency Abbreviations:                
ACA   American Capital Access Holding Ltd.                
                     
Other  Abbreviations:                
ABS   Asset-Backed Security   EBITDA    Earnings before Interest, Taxes, Depreciation and Amoritization   REMIC   Real Estate Mortgage Investment Conduit
ALT   Alternate Loan Trust   EURIBOR   Euro Interbank Offered Rate   TBA   To-Be-Announced
BRL-CDI   Brazil Interbank Deposit Rate   OIS   Overnight Index Swap   TBD   To-Be-Determined
CLO   Collateralized Loan Obligation   PIK   Payment-in-Kind   TBD%   Interest rate to be determined when loan
settles or at the time of funding
DAC   Designated Activity Company