Schedule of Investments PIMCO All Asset All Authority Fund		June 30, 2026 (Unaudited)

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

 

		SHARES				MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 0.0% ¤
MUTUAL FUNDS 0.0%
State Street Institutional U.S. Government Money Market Fund, Premier Class
3.690% (b)			180,227			$	180
Total Investments in Securities (Cost $180)							180
INVESTMENTS IN AFFILIATES 141.4%
MUTUAL FUNDS (a) 140.4%
PIMCO All Asset: Multi-Real Fund			11,752,523				118,583
PIMCO All Authority: Multi-RAE PLUS Fund			9,133,148				95,807
PIMCO CommoditiesPLUS® Strategy Fund			1,820,913				13,839
PIMCO CommodityRealReturn Strategy Fund®			823,983				12,632
PIMCO Emerging Markets Currency and Short-Term Investments Fund			5,662,997				43,322
PIMCO Emerging Markets Local Currency and Bond Fund			19,309,037				121,454
PIMCO Extended Duration Fund			1,708,758				21,513
PIMCO High Yield Fund			7,941,459				63,691
PIMCO High Yield Spectrum Fund			3,071,932				28,262
PIMCO Income Fund			1,076,543				11,691
PIMCO International Bond Fund (U.S. Dollar-Hedged)			10,430,136				102,528
PIMCO Investment Grade Credit Bond Fund			632,190				5,728
PIMCO Long Duration Total Return Fund			3,169,453				22,662
PIMCO Long-Term Credit Bond Fund			622,231				5,463
PIMCO Long-Term Real Return Fund			1,774,883				19,737
PIMCO Long-Term U.S. Government Fund			1,856,918				25,626
PIMCO Low Duration Fund			20,208,599				186,525
PIMCO RAE Emerging Markets Fund			635,761				8,246
PIMCO RAE Fundamental Advantage PLUS Fund			5,260,391				44,135
PIMCO RAE International Fund			193,617				1,905
PIMCO RAE PLUS EMG Fund			1,187,014				10,564
PIMCO RAE PLUS International Fund			1,130,631				10,492
PIMCO RAE U.S. Small Fund			569,472				8,012
PIMCO RAE Worldwide Long/Short PLUS Fund			6,038,425				43,235
PIMCO Real Return Fund			2,729,622				27,869
PIMCO RealEstateRealReturn Strategy Fund			2,851,206				88,958
PIMCO Total Return Fund			19,138,735				167,464
PIMCO TRENDS Managed Futures Strategy Fund			4,463,441				49,633
Total Mutual Funds (Cost $1,268,896)							1,359,576
SHORT-TERM INSTRUMENTS 1.0%
MUTUAL FUNDS 1.0%
PIMCO Government Money Market Fund
3.730% (b)			9,753,716				9,753
Total Short-Term Instruments (Cost $9,754)							9,753
Total Investments in Affiliates (Cost $1,278,650)							1,369,329
Total Investments 141.4% (Cost $1,278,830)						$	1,369,509
Other Assets and Liabilities, net (41.4)%							(400,820	)
Net Assets 100.0%						$	968,689

Schedule of Investments PIMCO All Asset All Authority Fund (Cont.)		June 30, 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.

(a)	Institutional Class Shares of each Fund.

(b)	Coupon represents a 7-Day Yield.

FAIR VALUE MEASUREMENTS

The following is a summary of the fair valuations according to the inputs used as of June 30, 2026 in valuing the Fund’s assets and liabilities:

 

Category and Subcategory		Level 1				Level 2				Level 3				Fair Value at 06/30/2026
Investments in Securities, at Value
Mutual Funds		$	0			$	180			$	0			$	180
		$	0			$	180			$	0			$	180
Investments in Affiliates, at Value
Mutual Funds			1,359,576				0				0				1,359,576
Short-Term Instruments
Mutual Funds			9,753				0				0				9,753
Total Investments		$	1,369,329			$	180			$	0			$	1,369,509

There were no significant transfers into or out of Level 3 during the period ended June 30, 2026.

Notes to Financial Statements

 

1. BASIS FOR CONSOLIDATION

PIMCO Cayman Commodity Fund I, II, III, VII and VIII, Ltd., and PIMCO Capital Securities Fund (Cayman) Ltd., the Cayman Islands exempted companies, and MLM 766 LLC and MLM 700 LLC, the Delaware limited liability companies, (each a “Subsidiary”) were incorporated as wholly owned subsidiaries acting as investment vehicles for the respective Funds listed below (“Consolidated Funds”) in order to effect certain investments for the Consolidated Funds consistent with each Consolidated Fund’s investment objectives and policies as specified in their respective prospectus and statement of additional information (with respect to the PIMCO CommodityRealReturn Strategy Fund^®, PIMCO Global Core Asset Allocation Fund, PIMCO CommoditiesPLUS^® Strategy Fund, PIMCO Inflation Response Multi-Asset Fund, PIMCO TRENDS Managed Futures Strategy Fund and PIMCO Preferred and Capital Securities Fund) or Offering Memorandum and Offering Memorandum Supplement (with respect to the PIMCO Income Fund and PIMCO Total Return Fund). Each Consolidated Fund’s investment portfolio has been consolidated and includes the portfolio holdings of the Consolidated Fund and its respective Subsidiary. The consolidated financial statements include the accounts of each Consolidated Fund and its respective Subsidiary, if any. All inter-company transactions and balances have been eliminated. A subscription agreement was entered into between each Consolidated Fund and its respective Subsidiary, comprising the entire issued share capital of the Subsidiary with the intent that each Consolidated Fund will remain the sole shareholder and retain all rights. Under the Memorandum and Articles of Association of each Subsidiary, shares issued by each Subsidiary confer upon a shareholder the right to receive notice of, to attend and to vote at general meetings of the respective Subsidiary and shall confer upon the shareholder rights in a winding up or repayment of capital and the right to participate in the profits or assets of the respective Subsidiaries. See the table below for details regarding the structure, incorporation and relationship as of period end of each Subsidiary to its respective Consolidated Fund.

 

Fund Name		Subsidiary		Date of Incorporation				Subsidiary % of Consolidated Fund Net Assets †
PIMCO CommoditiesPLUS® Strategy Fund		PIMCO Cayman Commodity Fund III, Ltd.			04/14/2010				17.5	%
PIMCO CommodityRealReturn Strategy Fund®		PIMCO Cayman Commodity Fund I, Ltd.			07/21/2006				19.5	%
PIMCO Global Core Asset Allocation Fund		PIMCO Cayman Commodity Fund II, Ltd.			11/21/2008				1.0	%
PIMCO Income Fund		MLM 766 LLC			04/30/2018				0.0	%
PIMCO Inflation Response Multi-Asset Fund		PIMCO Cayman Commodity Fund VII, Ltd.			08/01/2011				31.0	%
PIMCO Preferred and Capital Securities Fund		PIMCO Capital Securities Fund (Cayman) Ltd.			02/04/2015				17.6	%
PIMCO Total Return Fund		MLM 700 LLC			05/07/2018				0.0	%
PIMCO TRENDS Managed Futures Strategy Fund		PIMCO Cayman Commodity Fund VIII, Ltd.			09/06/2013				7.1	%

 

†	A zero balance may reflect actual amounts rounding to less than 0.01%.

2. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS

(a) Investment Valuation Policies The net asset value (“NAV”) of a Fund’s shares, or each of their respective share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets, attributable to the 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, each Funds’ 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 Funds or their agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, each Fund may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. Each 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, each Fund may calculate its NAV as of the NYSE Close for such day or such other time that each 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 Funds 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 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 Act. As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board has designated PIMCO as the valuation designee (“Valuation Designee”) for each Fund to perform the fair value determination relating to all Fund investments. PIMCO may carry out its designated responsibilities as Valuation Designee through various teams and committees. The Valuation Designee’s policies and procedures govern the Valuation Designee’s selection and application of methodologies for determining and calculating the fair value of Fund portfolio investments. The Valuation Designee may value Fund portfolio securities for which market quotations are not readily available and other Fund assets utilizing inputs from pricing services, quotation reporting systems, valuation agents and other third-party sources (together, “Pricing Sources”).

Notes to Financial Statements (Cont.)

 

Domestic and foreign (non-U.S.) fixed income securities, non-exchange traded derivatives and equity options are normally valued on the basis of quotes obtained from brokers and dealers or Pricing Sources using data reflecting the earlier closing of the principal markets for those securities. Prices obtained from Pricing Sources may be based on, among other things, information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Certain fixed income securities purchased on a delayed-delivery basis are marked to market daily until settlement at the forward settlement date. Common stocks, exchange-traded funds (“ETFs”), exchange-traded notes and financial derivative instruments, such as futures contracts, rights and warrants, or options on futures that are traded on a national securities exchange, are stated at the last reported sale or settlement price on the day of valuation. Exchange-traded options, except equity options, futures and options on futures, are valued at the settlement price determined by the relevant exchange. Swap agreements and swaptions are valued on the basis of bid quotes obtained from brokers and dealers or market-based prices supplied by Pricing Sources. With respect to any portion of a Fund’s assets that are invested in one or more open-end management investment companies, (other than ETFs), 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, a 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. A 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 Trust is not open for business, which may result in a 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 a 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 Trust is not open for business. As a result, to the extent that a 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 each 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 a Fund may transact.

Fair valuation may require subjective determinations about the value of a security. While the Trust’s and Valuation Designee’s policies and procedures are intended to result in a calculation of a Fund’s NAV that fairly reflects security values as of the time of pricing, the Trust cannot ensure that fair values accurately reflect the price that a 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 a Fund may differ from the value that would be realized if the securities were sold. The Funds’ use of fair valuation may also help to deter “stale price arbitrage” as discussed under the “Abusive Trading Practices” section in each Fund’s prospectus.

Under certain circumstances, the per share NAV of a class of the Fund’s shares may be different from the per share NAV of another class of shares as a result of the different daily expense accruals applicable to each class of shares.

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

 

•

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

 

•

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

 

•

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

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). Transfers from Level 3 to Level 2 are a result of the availability of current and reliable market-based data provided by Pricing Sources or other valuation techniques which utilize significant observable inputs. In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for each respective Fund.

For fair valuations using significant unobservable inputs, U.S. GAAP requires a reconciliation of the beginning to ending balances for reported fair values that presents changes attributable to realized gain (loss), unrealized appreciation (depreciation), purchases and sales, accrued discounts (premiums), and transfers into and out of the Level 3 category during the period. The end of period value is used for the transfers between fair value Levels of a 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 each respective Fund.

(c) 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.

Notes to Financial Statements (Cont.)

 

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-linked securities are valued by referencing the last reported sale or settlement price of the linked referenced equity on the day of valuation. Foreign exchange adjustments are applied to the last reported price to convert the linked equity’s trading currency to the contract’s settling currency. These investments are categorized as Level 2 of the fair value hierarchy.

Equity exchange-traded options and over the counter financial derivative instruments, such as forward foreign currency contracts and options contracts derive their value from underlying asset prices, indexes, reference rates and other inputs or a combination of these factors. These contracts are normally valued on the basis of quotes obtained from a quotation reporting system, established market makers or Pricing Sources (normally determined as of the NYSE Close). 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.

Proxy pricing procedures set the base price of a fixed income security and subsequently adjust the price proportionally to market value changes of a pre-determined security deemed to be comparable in duration, generally a U.S. Treasury or sovereign note based on country of issuance. The base price may be a broker-dealer quote, transaction price or an internal value as derived by analysis of market data. The base price of the security may be reset on a periodic basis based on the availability of market data and procedures approved by the Valuation Oversight Committee. Significant changes in the unobservable inputs of the proxy pricing process (the base price) would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

If third-party evaluated vendor pricing is not available or not deemed to be indicative of fair value, the Adviser 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 Adviser 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.

Notes to Financial Statements (Cont.)

 

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.

3. FEDERAL INCOME TAX MATTERS

Each 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.

A 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 Adviser has reviewed the Funds’ tax positions for all open tax years. As of June 30, 2026, the Funds have recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in future tax returns.

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

The PIMCO CommoditiesPLUS^® Strategy Fund, PIMCO CommodityRealReturn Strategy Fund^®, PIMCO Global Core Asset Allocation Fund, PIMCO Inflation Response Multi-Asset Fund and PIMCO TRENDS Managed Futures Strategy Fund may gain exposure to the commodities markets primarily through Index-linked notes and may invest in other commodity-linked derivative instruments, including commodity swap agreements, options, futures contracts, options on futures contracts and foreign funds investing in similar commodity-linked derivatives.

One of the requirements for favorable tax treatment as a regulated investment company under the Code is that a Fund must derive at least 90% of its gross income from certain qualifying sources of income. The Internal Revenue Service (“IRS”) has issued a revenue ruling which holds that income derived from commodity index-linked swaps is not qualifying income under Subchapter M of the Code. The IRS has also issued private letter rulings in which the IRS specifically concluded that income from certain commodity index- linked notes is qualifying income. The IRS has also issued private letter rulings in which the IRS specifically concluded that income derived from an investment in a subsidiary, which invests primarily in commodity-linked swaps, will also be qualifying income. Based on such rulings, the PIMCO CommoditiesPLUS^® Strategy Fund, PIMCO CommodityRealReturn Strategy Fund^®, PIMCO Global Core Asset Allocation Fund, PIMCO Inflation Response Multi-Asset Fund and PIMCO TRENDS Managed Futures Strategy Fund will continue to seek to gain exposure to the commodity markets primarily through investments in commodity-linked notes and through investments in its subsidiary.

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

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

If, during a taxable year, a subsidiary incurs taxable losses (and other deductible items) exceeding its income and gains, the net loss will not pass through to the PIMCO CommoditiesPLUS^® Strategy Fund, PIMCO CommodityRealReturn Strategy Fund^®, PIMCO Global Core Asset Allocation Fund, PIMCO Inflation Response Multi-Asset Fund and PIMCO TRENDS Managed Futures Strategy Fund as a deductible amount for Federal income tax purposes. Note that the loss from a subsidiary’s contemplated activities also cannot be carried forward to reduce future subsidiary income in subsequent years. However, if a subsidiary’s taxable gains exceed its losses and other deductible items during a taxable year, the net gain will pass through to the PIMCO CommoditiesPLUS^® Strategy Fund, PIMCO CommodityRealReturn Strategy Fund^®, PIMCO Global Core Asset Allocation Fund, PIMCO Inflation Response Multi-Asset Fund and PIMCO TRENDS Managed Futures Strategy Fund as income for Federal income tax purposes.

To the extent a Fund invests in the PIMCO CommoditiesPLUS^® Strategy Fund, PIMCO CommodityRealReturn Strategy Fund^®, PIMCO Global Core Asset Allocation Fund, PIMCO Inflation Response Multi-Asset Fund and PIMCO TRENDS Managed Futures Strategy Fund, the Fund may be subject to additional tax risk.

Notes to Financial Statements (Cont.)

 

4. INVESTMENTS IN AFFILIATES

The Funds listed below invest substantially all or a significant portion of their assets in Institutional Class shares or, as applicable, Class M shares of PIMCO Funds, PIMCO Equity Series, PIMCO ETF Trust and Private Account Portfolio Series affiliated open-end investment companies (the “Underlying PIMCO Funds”). The Underlying PIMCO Funds are considered to be affiliated with the Funds. A copy of each Acquired Fund’s shareholder report is available at the U.S. Securities and Exchange Commission (“SEC”) website at www.sec.gov, and a copy of each affiliate fund’s shareholder report is available on the Funds’ website at www.pimco.com, or upon request, as applicable. The tables below show the transactions in and earnings from investments in the affiliated funds for the period ended June 30, 2026 (amounts in thousands^†):

PIMCO All Asset Fund

 

Underlying PIMCO Funds		Market Value 03/31/2026				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Market Value 06/30/2026				Dividend Income(1)				Realized Net Capital Gain Distributions(1)
PIMCO All Asset: Multi-RAE PLUS Fund		$	1,671,876			$	107,035			$	(404,311	)		$	56,674			$	99,771			$	1,531,045			$	73,555			$	0
PIMCO All Asset: Multi-Real Fund			2,048,955				103,228				(57,264	)			7,494				43,445				2,145,858				79,069				0
PIMCO Emerging Markets Bond Fund			50,530				31,079				(5,603	)			(43	)			2,158				78,121				1,271				0
PIMCO Emerging Markets Currency and Short-Term Investments Fund			367,693				9,344				(38,719	)			(981	)			5,683				343,020				8,111				0
PIMCO Emerging Markets Local Currency and Bond Fund			800,678				132,117				(6,868	)			(310	)			25,187				950,804				15,469				0
PIMCO Extended Duration Fund			147,632				47,816				0				0				1,040				196,488				2,086				0
PIMCO Government Money Market Fund			59,218				161,628				(157,988	)			0				(1	)			62,857				523				0
PIMCO High Yield Fund			372,193				21,955				(32,539	)			(394	)			1,779				362,994				5,734				0
PIMCO High Yield Spectrum Fund			135,322				22,303				0				0				836				158,461				2,512				0
PIMCO Income Fund			130,177				11,593				(7,665	)			(116	)			1,117				135,106				1,761				0
PIMCO International Bond Fund (U.S. Dollar-Hedged)			311,653				82,362				(1,567	)			(26	)			5,675				398,097				3,374				0
PIMCO Investment Grade Credit Bond Fund			64,367				808				0				0				286				65,461				805				0
PIMCO Long Duration Total Return Fund			171,294				32,238				0				0				1,110				204,642				2,577				0
PIMCO Long-Term Real Return Fund			0				78,521				0				0				(1,258	)			77,263				1,584				0
PIMCO Long-Term U.S. Government Fund			231,211				54,883				(1,123	)			(34	)			(478	)			284,459				3,079				0
PIMCO Low Duration Fund			532,856				160,128				(116,207	)			(484	)			(1,649	)			574,644				5,529				0
PIMCO RAE Emerging Markets Fund			245,841				14,839				(73,481	)			16,417				(11,242	)			192,374				0				0
PIMCO RAE Fundamental Advantage PLUS Fund			338,210				64,481				(27,500	)			1,495				(22,535	)			354,151				16,776				0
PIMCO RAE International Fund			67,829				0				(15,389	)			5,212				(5,300	)			52,352				0				0
PIMCO RAE PLUS EMG Fund			98,005				5,692				0				0				788				104,485				5,691				0
PIMCO RAE PLUS International Fund			99,691				6,595				0				0				(4,200	)			102,086				6,595				0
PIMCO RAE US Fund			107,664				0				(10,320	)			686				13,671				111,701				0				0
PIMCO RAE US Small Fund			157,156				0				(47,981	)			8,055				20,201				137,431				0				0
PIMCO RAE Worldwide Long/Short PLUS Fund			333,512				74,529				(23,658	)			(642	)			(36,523	)			347,218				6,412				0
PIMCO Real Return Fund			105,051				33,553				(31,235	)			425				(1,296	)			106,498				2,178				0
PIMCO RealEstateRealReturn Strategy Fund			185,890				1,411				(6,713	)			106				20,822				201,516				1,411				0
PIMCO Total Return Fund			700,111				143,869				(75,680	)			(359	)			1,352				769,293				8,765				0
PIMCO TRENDS Managed Futures Strategy Fund			417,122				6,064				(39,730	)			111				1,098				384,665				4,873				0
Totals		$	9,951,737			$	1,408,071			$	(1,181,541	)		$	93,286			$	161,537			$	10,433,090				259,740			$	0

Notes to Financial Statements (Cont.)

 

PIMCO All Asset All Authority Fund

 

Underlying PIMCO Funds		Market Value 03/31/2026				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Market Value 06/30/2026				Dividend Income(1)				Realized Net Capital Gain Distributions(1)
PIMCO All Asset: Multi-Real Fund		$	120,856			$	4,381			$	(9,897	)		$	1,977			$	1,266			$	118,583			$	4,380			$	0
PIMCO All Authority: Multi-RAE PLUS Fund			140,785				4,599				(62,668	)			11,647				1,444				95,807				4,450				0
PIMCO CommoditiesPLUS® Strategy Fund			0				16,370				(137	)			(6	)			(2,388	)			13,839				1,307				0
PIMCO CommodityRealReturn Strategy Fund®			21,235				2,434				(9,347	)			1,560				(3,250	)			12,632				965				0
PIMCO Emerging Markets Currency and Short-Term Investments Fund			49,142				1,058				(7,533	)			174				481				43,322				1,059				0
PIMCO Emerging Markets Local Currency and Bond Fund			107,941				11,932				(1,738	)			(60	)			3,379				121,454				2,053				0
PIMCO Extended Duration Fund			16,493				5,502				(596	)			(24	)			138				21,513				231				0
PIMCO Government Money Market Fund			9,564				47,400				(47,211	)			0				0				9,753				81				0
PIMCO High Yield Fund			68,025				1,962				(6,554	)			(80	)			338				63,691				1,032				0
PIMCO High Yield Spectrum Fund			24,645				4,273				(809	)			(15	)			168				28,262				453				0
PIMCO Income Fund			11,467				809				(672	)			(1	)			88				11,691				158				0
PIMCO International Bond Fund (U.S. Dollar-Hedged)			86,900				16,984				(2,868	)			(62	)			1,574				102,528				938				0
PIMCO Investment Grade Credit Bond Fund			5,859				73				(230	)			(26	)			52				5,728				72				0
PIMCO Long Duration Total Return Fund			18,578				4,583				(632	)			(10	)			143				22,662				275				0
PIMCO Long-Term Credit Bond Fund			0				5,435				0				0				28				5,463				45				0
PIMCO Long-Term Real Return Fund			14,075				6,054				(100	)			0				(292	)			19,737				601				0
PIMCO Long-Term U.S. Government Fund			25,311				2,224				(1,815	)			(70	)			(24	)			25,626				311				0
PIMCO Low Duration Fund			178,455				33,260				(24,422	)			(56	)			(712	)			186,525				1,873				0
PIMCO RAE Emerging Markets Fund			20,782				1,436				(14,743	)			5,468				(4,697	)			8,246				0				0
PIMCO RAE Fundamental Advantage PLUS Fund			42,191				8,383				(3,789	)			173				(2,823	)			44,135				2,101				0
PIMCO RAE International Fund			3,965				0				(2,099	)			768				(729	)			1,905				0				0
PIMCO RAE PLUS EMG Fund			10,368				582				(511	)			107				18				10,564				582				0
PIMCO RAE PLUS International Fund			13,538				684				(3,492	)			1,314				(1,552	)			10,492				684				0
PIMCO RAE US Small Fund			13,233				0				(7,302	)			889				1,192				8,012				0				0
PIMCO RAE Worldwide Long/Short PLUS Fund			41,254				8,908				(2,247	)			3				(4,683	)			43,235				804				0
PIMCO Real Return Fund			20,539				9,293				(1,652	)			41				(352	)			27,869				566				0
PIMCO RealEstateRealReturn Strategy Fund			78,564				8,349				(7,364	)			243				9,166				88,958				625				0
PIMCO Total Return Fund			164,974				13,647				(11,374	)			(36	)			253				167,464				1,990				0
PIMCO TRENDS Managed Futures Strategy Fund			58,113				632				(9,324	)			(43	)			255				49,633				632				0
Totals		$	1,366,852			$	221,247			$	(241,126	)		$	23,875			$	(1,519	)		$	1,369,329			$	28,268			$	0

Notes to Financial Statements (Cont.)

 

PIMCO Emerging Markets Full Spectrum Bond Fund

 

Underlying PIMCO Funds		Market Value 03/31/2026				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Market Value 06/30/2026				Dividend Income(1)				Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Bond Fund		$	11,266			$	186			$	0			$	0			$	319			$	11,771			$	187			$	0
PIMCO Emerging Markets Corporate Bond Fund			44,502				748				0				0				637				45,887				748				0
PIMCO Emerging Markets Local Currency and Bond Fund			71,853				9,991				(16,724	)			(311	)			2,519				67,327				1,404				0
PIMCO Short-Term Floating NAV Portfolio III			21,175				50,835				(67,900	)			2				1				4,113				37				0
Totals		$	148,796			$	61,760			$	(84,624	)		$	(309	)		$	3,476			$	129,098			$	2,376			$	0

PIMCO Global Core Asset Allocation Fund

 

Underlying PIMCO Funds		Market Value 03/31/2026				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Market Value 06/30/2026				Dividend Income(1)				Realized Net Capital Gain Distributions(1)
PIMCO Income Fund		$	33,008			$	444			$	0			$	0			$	246			$	33,698			$	444			$	0
PIMCO International Bond Fund (U.S. Dollar-Hedged)			65,566				1,208				0				0				1,023				67,797				652				0
PIMCO Short Asset Portfolio			73,246				700				(36,586	)			166				79				37,605				704				0
PIMCO Short-Term Floating NAV Portfolio III			18,915				104,694				(109,972	)			4				0				13,641				194				0
PIMCO Total Return Fund			33,184				402				0				0				38				33,624				404				0
Totals		$	223,919			$	107,448			$	(146,558	)		$	170			$	1,386			$	186,365			$	2,398			$	0

PIMCO Inflation Response Multi-Asset Fund

 

Underlying PIMCO Funds		Market Value 03/31/2026				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Market Value 06/30/2026				Dividend Income(1)				Realized Net Capital Gain Distributions(1)
PIMCO Commodity Strategy Active Exchange-Traded Fund		$	96,072			$	0			$	0			$	0			$	(4,763	)		$	91,309			$	566			$	0
PIMCO Emerging Markets Currency and Short-Term Investments Fund			134,702				3,172				0				0				1,770				139,644				3,170				0
PIMCO Short-Term Floating NAV Portfolio III			4,843				224,779				(217,500	)			0				0				12,122				80				0
Totals		$	235,617			$	227,951			$	(217,500	)		$	0			$	(2,993	)		$	243,075			$	3,816			$	0

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund

 

Fund Name		Market Value 03/31/2026				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Market Value 06/30/2026				Dividend Income(1)				Realized Net Capital Gain Distributions(1)
PIMCO Moderate Duration Fund		$	102,918			$	0			$	0			$	0			$	(457	)		$	102,461			$	1,203			$	0
PIMCO Total Return Fund II			34,741				0				0				0				(154	)			34,587				406				0

Notes to Financial Statements (Cont.)

 

PIMCO Preferred And Capital Securities Active Exchange-Traded Fund

 

Fund Name		Market Value 03/31/2026				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Market Value 06/30/2026				Dividend Income(1)				Realized Net Capital Gain Distributions(1)
PIMCO High Yield Fund		$	43,593			$	0			$	0			$	0			$	583			$	44,176			$	645			$	0

PIMCO Senior Loan Active Exchange-Traded Fund

 

Fund Name		Market Value 03/31/2026				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Market Value 06/30/2026				Dividend Income(1)				Realized Net Capital Gain Distributions(1)
PIMCO High Yield Fund		$	83,826			$	27,867			$	0			$	0			$	(202	)		$	111,491			$	2,082			$	0
PIMCO Total Return Fund			28,966				0				0				0				(41	)			28,925				651				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, unless otherwise advised on IRS Form 1099-DIV.

Each 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 Funds. The tables below show the Funds’ transactions in and earnings from investments in the affiliated funds for the period ended June 30, 2026 (amounts in thousands^†):

Investments in PIMCO Short Asset Portfolio

 

Fund Name		Market Value 03/31/2026				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Market Value 06/30/2026				Dividend Income(1)				Realized Net Capital Gain Distributions(1)
PIMCO CommoditiesPLUS® Strategy Fund		$	94,026			$	1,023			$	0			$	0			$	336			$	95,385			$	1,023			$	0
PIMCO Dynamic Bond Fund			129,733				1,411				0				0				464				131,608				1,411				0
PIMCO Emerging Markets Currency and Short-Term Investments Fund			57,576				626				0				0				206				58,408				626				0
PIMCO Emerging Markets Local Currency and Bond Fund			36,085				392				0				0				129				36,606				392				0
PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged)			0				38,021				0				0				92				38,113				215				0
PIMCO High Yield Fund			0				321,064				0				0				1,104				322,168				3,193				0
PIMCO International Bond Fund (U.S. Dollar-Hedged)			767,381				777,777				(771,073	)			(8,354	)			10,627				776,358				7,788				0
PIMCO Low Duration Credit Fund			0				12,903				(1,478	)			4				39				11,468				123				0
PIMCO Low Duration Fund			767,068				8,345				0				0				2,744				778,157				8,342				0
PIMCO Low Duration Fund II			38,859				423				0				0				139				39,421				423				0
PIMCO Low Duration Opportunities Fund			4,598				50				0				0				16				4,664				50				0
PIMCO RAE Fundamental Advantage PLUS Fund			28,755				29,365				(58,191	)			48				23				0				199				0
PIMCO RAE PLUS EMG Fund			36,990				10,221				(18,228	)			26				110				29,119				421				0
PIMCO RAE PLUS Fund			167,195				33,871				(201,726	)			877				(217	)			0				1,990				0
PIMCO RAE PLUS International Fund			25,098				7,381				(14,437	)			19				70				18,131				282				0
PIMCO RAE PLUS Small Fund			31,221				339				0				0				112				31,672				340				0
PIMCO RAE Worldwide Long/Short PLUS Fund			41,911				102				(40,866	)			(3	)			37				1,181				106				0
PIMCO Short Asset Investment Fund			190,609				1,945				(65,000	)			205				438				128,197				1,952				0

Notes to Financial Statements (Cont.)

 

PIMCO Short-Term Fund			478,681				5,209				0				0				1,712				485,602				5,206				0
PIMCO StocksPLUS® Absolute Return Fund			185,743				1,352				(187,721	)			491				135				0				1,908				0
PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged)			173,054				74,318				0				0				685				248,057				2,122				0
PIMCO StocksPLUS® International Fund (Unhedged)			19,423				12,445				(16,980	)			22				57				14,967				250				0
PIMCO StocksPLUS® Short Fund			10,947				107				(3,094	)			5				31				7,996				108				0
PIMCO StocksPLUS® Small Fund			14,302				155				0				0				51				14,508				156				0
PIMCO Total Return Fund			2,477,176				26,951				0				0				8,861				2,512,988				26,940				0
PIMCO TRENDS Managed Futures Strategy Fund			608,464				76,765				(62,000	)			(6	)			2,181				625,404				6,770				0

Investments in PIMCO Short-Term Floating NAV Portfolio III

 

Fund Name		Market Value 03/31/2026				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Market Value 06/30/2026				Dividend Income(1)				Realized Net Capital Gain Distributions(1)
PIMCO California Intermediate Municipal Bond Fund		$	18,811			$	45,332			$	(58,500	)		$	1			$	2			$	5,646			$	134			$	0
PIMCO California Municipal Bond Fund			37,871				71,145				(103,500	)			10				(3	)			5,523				151				0
PIMCO California Municipal Opportunistic Value Fund			5,578				32,953				(32,500	)			(1	)			2				6,032				53				0
PIMCO California Short Duration Municipal Income Fund			21,277				70,884				(66,100	)			1				2				26,064				184				0
PIMCO CommoditiesPLUS® Strategy Fund			603,347				283,239				(363,900	)			(14	)			107				522,779				5,601				0
PIMCO CommodityRealReturn Strategy Fund®			15,201				970,209				(846,500	)			(16	)			12				138,906				787				0
PIMCO Credit Opportunities Bond Fund			82,733				89,775				(149,000	)			(12	)			12				23,508				287				0
PIMCO Diversified Income Fund			193,465				278,731				(259,500	)			100				(69	)			212,727				1,626				0
PIMCO Dynamic Bond Fund			417,305				156,131				(555,400	)			160				(161	)			18,035				1,106				0
PIMCO Emerging Markets Bond Fund			118,900				311,993				(311,900	)			(1	)			22				119,014				996				0
PIMCO Emerging Markets Corporate Bond Fund			3,234				8,833				(8,500	)			0				0				3,567				32				0
PIMCO Emerging Markets Currency and Short-Term Investments Fund			16,428				59,249				(60,400	)			1				2				15,280				152				0
PIMCO Emerging Markets Local Currency and Bond Fund			166,363				923,526				(940,200	)			34				(4	)			149,719				1,828				0
PIMCO Extended Duration Fund			6,348				264,742				(267,400	)			0				0				3,690				42				0
PIMCO Global Advantage® Strategy Bond Fund			7,592				32,630				(25,400	)			(1	)			3				14,824				129				0
PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged)			83,041				380,113				(201,600	)			(6	)			35				261,583				1,897				0
PIMCO GNMA and Government Securities Fund			351				146,658				(118,100	)			2				3				28,914				159				0
PIMCO High Yield Fund			385,111				53,585				(384,054	)			88				(99	)			54,631				923				0
PIMCO High Yield Municipal Bond Fund			450,712				498,377				(722,000	)			54				20				227,163				2,580				0
PIMCO High Yield Spectrum Fund			1,507				21,975				(5,900	)			0				1				17,583				73				0
PIMCO Income Fund			505,044				10,621,091				(10,996,800	)			(38	)			(40	)			129,257				2,413				0
PIMCO International Bond Fund (U.S. Dollar-Hedged)			430,647				3,771,299				(2,776,100	)			201				106				1,426,153				7,735				0

Notes to Financial Statements (Cont.)

 

PIMCO International Bond Fund (Unhedged)			31,238				237,056				(171,100	)			(2	)			16				97,208				742				0
PIMCO Investment Grade Credit Bond Fund			4,023				867,160				(870,800	)			9				0				392				165				0
PIMCO Long Duration Total Return Fund			667				203,357				(203,900	)			4				0				128				60				0
PIMCO Long-Term Credit Bond Fund			20,304				343,281				(363,500	)			(6	)			0				79				71				0
PIMCO Long-Term Real Return Fund			21,023				41,025				(61,200	)			(1	)			4				851				28				0
PIMCO Long-Term U.S. Government Fund			85				106,728				(106,700	)			3				0				116				24				0
PIMCO Low Duration Credit Fund			12,522				3,005				(14,092	)			(1	)			0				1,434				14				0
PIMCO Low Duration Fund			66,300				298				(66,603	)			5				0				0				348				0
PIMCO Low Duration Fund II			9,472				17,832				(24,700	)			1				0				2,605				32				0
PIMCO Low Duration Income Fund			3,761,093				4,587,106				(4,225,218	)			(194	)			753				4,123,540				37,723				0
PIMCO Low Duration Opportunities Fund			22,369				6,066				(14,000	)			(1	)			3				14,437				165				0
PIMCO Moderate Duration Fund			66				1				0				0				0				67				1				0
PIMCO Mortgage Opportunities and Bond Fund			351,049				2,001,945				(2,207,000	)			36				(23	)			146,007				2,842				0
PIMCO Municipal Bond Fund			414,240				410,029				(815,700	)			114				(59	)			8,624				1,374				0
PIMCO National Intermediate Municipal Bond Fund			122,609				112,171				(232,900	)			27				(15	)			1,892				483				0
PIMCO National Municipal Opportunistic Value Fund			2,478				27,328				(28,200	)			1				1				1,608				28				0
PIMCO New York Municipal Bond Fund			11,030				73,231				(68,500	)			4				1				15,766				128				0
PIMCO Preferred and Capital Securities Fund			39,945				92,466				(97,700	)			(1	)			4				34,714				369				0
PIMCO RAE Fundamental Advantage PLUS Fund			16				0				0				0				0				16				0				0
PIMCO RAE PLUS EMG Fund			34				0				0				0				0				34				0				0
PIMCO RAE PLUS Fund			5,354				6				(5,300	)			1				(1	)			60				6				0
PIMCO RAE PLUS International Fund			26				0				0				0				1				27				0				0
PIMCO RAE PLUS Small Fund			22				0				0				0				0				22				0				0
PIMCO RAE Worldwide Long/Short PLUS Fund			94				1				0				0				0				95				1				0
PIMCO Real Return Fund			133,772				379,136				(500,000	)			(3	)			(11	)			12,894				152				0
PIMCO RealEstateRealReturn Strategy Fund			6,522				108,633				(114,900	)			3				0				258				32				0
PIMCO Short Asset Investment Fund			0				23,811				(23,700	)			0				0				111				17				0
PIMCO Short Duration Municipal Income Fund			52,437				76,313				(122,400	)			15				(9	)			6,356				215				0
PIMCO Short-Term Fund			15				0				0				0				0				15				0				0
PIMCO StocksPLUS® Absolute Return Fund			53				1				0				0				0				54				1				0
PIMCO StocksPLUS® Fund			39,272				181,054				(211,900	)			(8	)			0				8,418				63				0
PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged)			452,953				1,240,335				(1,436,200	)			(98	)			23				257,013				1,150				0
PIMCO StocksPLUS® International Fund (Unhedged)			46				0				0				0				1				47				0				0
PIMCO StocksPLUS® Long Duration Fund			8,747				125,126				(127,500	)			(1	)			0				6,372				25				0
PIMCO StocksPLUS® Short Fund			18,905				14,971				(33,300	)			0				2				578				74				0
PIMCO StocksPLUS® Small Fund			46,201				252,107				(245,500	)			1				0				52,809				632				0
PIMCO Total Return Fund			448,107				3,751,885				(3,216,500	)			142				19				983,653				3,169				0
PIMCO Total Return Fund II			482				49,514				(47,600	)			1				0				2,397				13				0