| Schedule of Investments PIMCO California Municipal Bond Fund | June 30, 2026 (Unaudited) |
| (AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY) |
||||||||
| PRINCIPAL AMOUNT (000s) |
MARKET VALUE (000s) |
|||||||
| INVESTMENTS IN SECURITIES 97.7% ¤ |
||||||||
| MUNICIPAL BONDS & NOTES 88.5% |
||||||||
| ARIZONA 0.3% |
||||||||
| Pinal County School District No 20 Maricopa, Arizona General Obligation Bonds, (BAM Insured), Series 2025 |
||||||||
| 5.000% due 07/01/2042 |
$ | 750 | $ | 810 | ||||
| 5.000% due 07/01/2044 |
1,100 | 1,178 | ||||||
|
|
|
|||||||
| 1,988 | ||||||||
|
|
|
|||||||
| CALIFORNIA 82.2% |
||||||||
| Alameda Corridor Transportation Authority, California Revenue Bonds, (AGM Insured), Series 2024 |
||||||||
| 0.000% due 10/01/2053 (c) |
3,800 | 1,051 | ||||||
| Alameda Corridor Transportation Authority, California Revenue Bonds, Series 2022 |
||||||||
| 0.000% due 10/01/2050 (d) |
3,000 | 1,814 | ||||||
| Alhambra Unified School District, California General Obligation Bonds, Series 2022 |
||||||||
| 5.250% due 08/01/2047 |
1,000 | 1,076 | ||||||
| Anaheim Housing & Public Improvements Authority, California Revenue Bonds, Series 2024 |
||||||||
| 2.500% due 10/01/2054 |
3,445 | 3,445 | ||||||
| Anaheim Union High School District, California General Obligation Bonds, Series 2025 |
||||||||
| 4.375% due 08/01/2047 |
4,000 | 4,076 | ||||||
| Antelope Valley Union High School, California General Obligation Bonds, Series 2025 |
||||||||
| 5.000% due 08/01/2054 |
4,000 | 4,248 | ||||||
| Bay Area Toll Authority, California Revenue Bonds, Series 2017 |
||||||||
| 5.000% due 04/01/2056 |
250 | 255 | ||||||
| Bay Area Toll Authority, California Revenue Bonds, Series 2023 |
||||||||
| 2.500% due 04/01/2055 |
8,715 | 8,715 | ||||||
| Bay Area Toll Authority, California Revenue Bonds, Series 2024 |
||||||||
| 2.500% due 04/01/2059 |
1,500 | 1,500 | ||||||
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign, California Revenue Bonds, (AGM Insured), Series 2024 |
||||||||
| 4.125% due 07/01/2041 |
2,000 | 2,008 | ||||||
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign, California Revenue Notes, Series 2026 |
||||||||
| 5.000% due 07/01/2036 |
1,625 | 1,847 | ||||||
| California Community Choice Financing Authority Revenue Bonds, Series 2023 |
||||||||
| 5.000% due 02/01/2054 |
600 | 637 | ||||||
| 5.250% due 11/01/2054 |
1,500 | 1,587 | ||||||
| 5.500% due 10/01/2054 |
990 | 1,081 | ||||||
| California Community Choice Financing Authority Revenue Bonds, Series 2024 |
||||||||
| 5.000% due 05/01/2054 |
5,000 | 5,324 | ||||||
| 5.000% due 01/01/2055 |
5,710 | 5,879 | ||||||
| 5.000% due 02/01/2055 |
2,500 | 2,708 | ||||||
| 5.000% due 11/01/2055 |
2,410 | 2,478 | ||||||
| California Community Choice Financing Authority Revenue Bonds, Series 2025 |
||||||||
| 5.000% due 10/01/2055 |
6,100 | 6,275 | ||||||
| California Community Housing Agency Revenue Bonds, Series 2021 |
||||||||
| 4.000% due 02/01/2056 |
1,500 | 738 | ||||||
| California Community Housing Agency Revenue Bonds, Series 2022 |
||||||||
| 4.500% due 08/01/2052 |
250 | 193 | ||||||
| California County Tobacco Securitization Agency Revenue Bonds, Series 2020 |
||||||||
| 4.000% due 06/01/2049 |
1,000 | 910 | ||||||
| 5.000% due 06/01/2050 |
1,005 | 946 | ||||||
| California Educational Facilities Authority Revenue Bonds, Series 2017 |
||||||||
| 5.000% due 04/01/2042 |
300 | 301 | ||||||
| California Educational Facilities Authority Revenue Bonds, Series 2025 |
||||||||
| 5.000% due 04/01/2039 |
1,500 | 1,707 | ||||||
| 5.000% due 04/01/2041 |
760 | 855 | ||||||
| 5.000% due 10/01/2055 |
1,500 | 1,597 | ||||||
| California Enterprise Development Authority Revenue Bonds, Series 2024 |
||||||||
| 5.000% due 06/01/2049 |
4,700 | 4,965 | ||||||
| California Health Facilities Financing Authority Revenue Bonds, Series 2015 |
||||||||
| 5.000% due 08/15/2054 |
200 | 200 | ||||||
| California Health Facilities Financing Authority Revenue Bonds, Series 2016 |
||||||||
| 4.000% due 08/15/2036 |
1,250 | 1,250 | ||||||
| 4.000% due 10/01/2036 |
1,000 | 1,000 | ||||||
| 4.000% due 11/15/2041 |
100 | 100 | ||||||
| 5.000% due 08/15/2055 |
1,000 | 1,001 | ||||||
| California Health Facilities Financing Authority Revenue Bonds, Series 2017 |
||||||||
| 4.000% due 11/01/2038 |
2,500 | 2,491 | ||||||
| California Health Facilities Financing Authority Revenue Bonds, Series 2018 |
||||||||
| 5.000% due 11/15/2048 |
2,500 | 2,539 | ||||||
| California Health Facilities Financing Authority Revenue Bonds, Series 2020 |
||||||||
| 4.000% due 04/01/2040 |
1,000 | 1,005 | ||||||
| California Health Facilities Financing Authority Revenue Bonds, Series 2021 |
||||||||
| 4.000% due 11/01/2033 |
||||||||
| 1,000 | 1,058 | |||||||
| Schedule of Investments PIMCO California Municipal Bond Fund (Cont.) | June 30, 2026 (Unaudited) |
| California Health Facilities Financing Authority Revenue Bonds, Series 2024 |
||||||||
| 5.000% due 11/15/2044 |
1,500 | 1,648 | ||||||
| California Health Facilities Financing Authority Revenue Bonds, Series 2025 |
||||||||
| 5.000% due 10/01/2050 |
4,000 | 4,455 | ||||||
| 5.250% due 08/15/2050 |
2,500 | 2,726 | ||||||
| California Housing Finance Agency Revenue Bonds, (FHLMC Insured), Series 2024 |
||||||||
| 4.100% due 07/01/2040 |
1,900 | 1,897 | ||||||
| California Housing Finance Agency Revenue Bonds, (FNMA Insured), Series 2024 |
||||||||
| 4.000% due 10/01/2039 |
2,000 | 2,038 | ||||||
| 4.250% due 08/01/2041 |
2,970 | 3,011 | ||||||
| California Housing Finance Agency Revenue Bonds, (HUD Insured), Series 2024 |
||||||||
| 5.970% due 11/01/2053 |
1,750 | 1,759 | ||||||
| California Housing Finance Agency Revenue Bonds, Series 2025 |
||||||||
| 3.250% due 06/01/2055 |
4,000 | 4,014 | ||||||
| California Housing Finance Agency Revenue Bonds, Series 2026 |
||||||||
| 2.950% due 06/01/2059 |
4,500 | 4,508 | ||||||
| California Housing Finance Agency Revenue Notes, Series 2024 |
||||||||
| 2.200% due 12/01/2027 |
3,000 | 3,000 | ||||||
| California Housing Finance Revenue Bonds, Series 2019 |
||||||||
| 2.350% due 12/01/2035 |
223 | 192 | ||||||
| California Housing Finance Revenue Bonds, Series 2024 |
||||||||
| 5.700% due 06/01/2054 |
1,750 | 1,749 | ||||||
| 6.000% due 03/01/2053 |
1,500 | 1,518 | ||||||
| California Infrastructure & Economic Development Bank Revenue Bonds, Series 2020 |
||||||||
| 0.000% due 01/01/2060 (c) |
4,000 | 395 | ||||||
| 4.000% due 07/01/2050 |
1,000 | 954 | ||||||
| 4.125% due 01/01/2035 |
405 | 391 | ||||||
| 5.000% due 01/01/2055 |
480 | 426 | ||||||
| California Infrastructure & Economic Development Bank Revenue Bonds, Series 2024 |
||||||||
| 5.125% due 07/01/2054 |
1,000 | 953 | ||||||
| California Infrastructure & Economic Development Bank Revenue Bonds, Series 2025 |
||||||||
| 5.000% due 05/15/2042 |
2,240 | 2,510 | ||||||
| California Infrastructure & Economic Development Bank Revenue Notes, Series 2026 |
||||||||
| 5.000% due 07/01/2033 |
3,900 | 4,400 | ||||||
| California Municipal Finance Authority Certificates of Participation Bonds, (AGM Insured), Series 2022 |
||||||||
| 5.250% due 11/01/2035 |
1,175 | 1,244 | ||||||
| California Municipal Finance Authority Revenue Bonds, (BAM Insured), Series 2021 |
||||||||
| 4.000% due 05/15/2046 |
300 | 292 | ||||||
| California Municipal Finance Authority Revenue Bonds, (FNMA Insured), Series 2025 |
||||||||
| 4.700% due 07/01/2041 |
2,290 | 2,398 | ||||||
| California Municipal Finance Authority Revenue Bonds, (FNMA Insured),Series 2024 |
||||||||
| 4.450% due 12/01/2042 |
1,900 | 1,924 | ||||||
| California Municipal Finance Authority Revenue Bonds, Series 2017 |
||||||||
| 5.000% due 01/01/2042 |
1,750 | 1,757 | ||||||
| California Municipal Finance Authority Revenue Bonds, Series 2018 |
||||||||
| 4.000% due 12/31/2047 |
350 | 322 | ||||||
| 5.000% due 12/31/2043 |
1,000 | 1,015 | ||||||
| California Municipal Finance Authority Revenue Bonds, Series 2021 |
||||||||
| 2.950% due 07/01/2041 |
4,500 | 4,496 | ||||||
| 4.000% due 11/01/2036 |
1,495 | 1,438 | ||||||
| 4.000% due 09/01/2040 (e) |
2,610 | 2,411 | ||||||
| 4.000% due 09/01/2050 (e) |
1,110 | 929 | ||||||
| California Municipal Finance Authority Revenue Bonds, Series 2024 |
||||||||
| 6.000% due 01/01/2039 |
1,000 | 1,049 | ||||||
| California Municipal Finance Authority Revenue Bonds, Series 2025 |
||||||||
| 3.537% due 02/20/2041 |
3,457 | 3,156 | ||||||
| 4.326% due 11/20/2040 |
3,978 | 3,969 | ||||||
| 5.125% due 11/01/2040 |
1,350 | 1,406 | ||||||
| California Municipal Finance Authority Revenue Bonds, Series 2026 |
||||||||
| 2.950% due 06/01/2044 |
2,000 | 2,002 | ||||||
| 5.000% due 09/01/2039 |
1,500 | 1,677 | ||||||
| 5.000% due 09/01/2041 |
2,500 | 2,777 | ||||||
| 5.000% due 09/01/2042 |
1,700 | 1,882 | ||||||
| California Municipal Finance Authority Revenue Notes, (HUD Insured),Series 2025 |
||||||||
| 3.000% due 07/01/2031 |
2,500 | 2,506 | ||||||
| California Municipal Finance Authority Special Tax Bonds, Series 2024 |
||||||||
| 5.000% due 09/01/2048 |
400 | 409 | ||||||
| 5.125% due 09/01/2054 |
500 | 511 | ||||||
| California Municipal Finance Authority Special Tax Bonds, Series 2025 |
||||||||
| 5.000% due 09/01/2045 |
1,305 | 1,347 | ||||||
| 5.000% due 09/01/2050 |
1,450 | 1,471 | ||||||
| 5.000% due 09/01/2055 |
2,100 | 2,130 | ||||||
| 5.375% due 09/01/2050 |
920 | 953 | ||||||
| 5.375% due 09/01/2055 |
3,680 | 3,782 | ||||||
| California Pollution Control Financing Authority Revenue Bonds, Series 2016 |
||||||||
| 4.750% due 11/01/2046 |
130 | 130 | ||||||
| California Public Finance Authority Revenue Bonds, Series 2019 |
||||||||
| 6.250% due 07/01/2054 |
1,750 | 1,814 | ||||||
| California Public Finance Authority Revenue Bonds, Series 2022 |
||||||||
| 2.450% due 07/15/2062 |
6,600 | 6,600 | ||||||
| California Public Finance Authority Revenue Bonds, Series 2025 |
||||||||
| 5.000% due 11/01/2054 |
2,000 | 2,046 | ||||||
| California School Finance Authority Revenue Bonds, Series 2016 |
||||||||
| 4.500% due 06/01/2031 ^(b) |
250 | 150 | ||||||
| 5.000% due 06/01/2046 |
||||||||
| 300 | 293 |
| Schedule of Investments PIMCO California Municipal Bond Fund (Cont.) | June 30, 2026 (Unaudited) |
| California School Finance Authority Revenue Bonds, Series 2017 |
||||||||
| 5.000% due 07/01/2047 |
1,115 | 1,116 | ||||||
| California School Finance Authority Revenue Bonds, Series 2024 |
||||||||
| 5.000% due 07/01/2064 |
1,000 | 930 | ||||||
| California State General Obligation Bonds, Series 2015 |
||||||||
| 3.875% due 12/01/2030 |
1,000 | 1,000 | ||||||
| California State General Obligation Bonds, Series 2016 |
||||||||
| 4.000% due 09/01/2034 |
2,905 | 2,908 | ||||||
| California State General Obligation Bonds, Series 2023 |
||||||||
| 4.000% due 09/01/2043 |
500 | 508 | ||||||
| California State General Obligation Bonds, Series 2025 |
||||||||
| 5.000% due 03/01/2049 |
3,800 | 4,110 | ||||||
| California State Public Works Board Revenue Bonds, Series 2025 |
||||||||
| 5.000% due 11/01/2043 |
2,000 | 2,251 | ||||||
| 5.000% due 11/01/2044 |
3,000 | 3,352 | ||||||
| 5.000% due 04/01/2046 |
3,000 | 3,272 | ||||||
| California State University Revenue Bonds, Series 2025 |
||||||||
| 5.250% due 11/01/2050 |
6,000 | 6,588 | ||||||
| California Statewide Communities Development Authority Revenue Bonds, (AGM Insured), Series 2022 |
||||||||
| 5.375% due 08/15/2057 |
700 | 719 | ||||||
| California Statewide Communities Development Authority Revenue Bonds, (CM Insured), Series 2021 |
||||||||
| 4.000% due 11/01/2051 |
2,250 | 2,120 | ||||||
| California Statewide Communities Development Authority Revenue Bonds, (CM Insured), Series 2025 |
||||||||
| 5.000% due 07/01/2050 |
2,965 | 3,102 | ||||||
| California Statewide Communities Development Authority Revenue Bonds, (CM Insured), Series 2026 |
||||||||
| 5.000% due 04/01/2056 |
2,850 | 2,961 | ||||||
| California Statewide Communities Development Authority Revenue Bonds, Series 2009 |
||||||||
| 5.000% due 04/01/2046 |
2,000 | 2,147 | ||||||
| California Statewide Communities Development Authority Revenue Bonds, Series 2016 |
||||||||
| 5.000% due 05/15/2033 |
1,500 | 1,502 | ||||||
| 5.000% due 06/01/2046 |
100 | 100 | ||||||
| 5.000% due 12/01/2046 |
550 | 550 | ||||||
| 5.250% due 12/01/2056 |
1,000 | 1,000 | ||||||
| California Statewide Communities Development Authority Revenue Bonds, Series 2018 |
||||||||
| 5.000% due 12/01/2053 |
1,100 | 1,104 | ||||||
| 5.000% due 12/01/2057 |
100 | 100 | ||||||
| California Statewide Communities Development Authority Revenue Bonds, Series 2019 |
||||||||
| 4.250% due 11/01/2059 |
1,445 | 1,272 | ||||||
| California Statewide Communities Development Authority Revenue Bonds, Series 2024 |
||||||||
| 5.250% due 12/01/2044 |
2,000 | 2,236 | ||||||
| California Statewide Communities Development Authority Revenue Bonds, Series 2026 |
||||||||
| 5.250% due 09/02/2061 |
1,000 | 1,022 | ||||||
| California Statewide Communities Development Authority Special Assessment Bonds, (AGM Insured), Series 2026 |
||||||||
| 5.000% due 09/02/2042 |
430 | 477 | ||||||
| 5.000% due 09/02/2043 |
450 | 498 | ||||||
| 5.000% due 09/02/2045 |
200 | 218 | ||||||
| California Statewide Communities Development Authority Special Assessment Bonds, Series 2024 |
||||||||
| 5.000% due 09/02/2044 |
2,000 | 2,109 | ||||||
| California Statewide Communities Development Authority Special Assessment Bonds, Series 2026 |
||||||||
| 4.750% due 09/02/2056 |
2,785 | 2,813 | ||||||
| 5.000% due 09/02/2046 |
700 | 725 | ||||||
| 5.250% due 09/02/2051 |
4,095 | 4,299 | ||||||
| California Statewide Communities Development Authority Special Tax Bonds, Series 2025 |
||||||||
| 4.500% due 09/02/2045 |
1,050 | 1,050 | ||||||
| 4.750% due 09/02/2040 |
1,285 | 1,356 | ||||||
| California Statewide Communities Development Authority Special Tax Bonds, Series 2026 |
||||||||
| 5.000% due 09/02/2056 |
3,180 | 3,251 | ||||||
| Central Unified School District, California Certificates of Participation Bonds, (BAM Insured), Series 2025 |
||||||||
| 5.250% due 08/01/2054 |
2,100 | 2,235 | ||||||
| Central Unified School District, California General Obligation Bonds, Series 2021 |
||||||||
| 0.000% due 08/01/2034 (c) |
265 | 201 | ||||||
| Central Valley Energy Authority, California Revenue Notes, Series 2026 |
||||||||
| 5.000% due 08/01/2034 |
700 | 751 | ||||||
| Chabot-Las Positas Community College District, California General Obligation Bonds, Series 2023 |
||||||||
| 5.250% due 08/01/2048 |
1,000 | 1,082 | ||||||
| Chaffey Joint Union High School District, California General Obligation Bonds, Series 2019 |
||||||||
| 4.000% due 08/01/2049 |
1,200 | 1,179 | ||||||
| Chino Valley Unified School District, California General Obligation Bonds, Series 2020 |
||||||||
| 5.000% due 08/01/2055 |
1,000 | 1,032 | ||||||
| Citrus Community College District, California General Obligation Bonds, Series 2024 |
||||||||
| 5.000% due 08/01/2049 |
3,000 | 3,246 | ||||||
| Clovis Unified School District, California General Obligation Bonds, Series 2022 |
||||||||
| 5.250% due 08/01/2041 |
600 | 648 | ||||||
| Clovis Unified School District, California General Obligation Bonds, Series 2025 |
||||||||
| 5.000% due 08/01/2050 |
4,000 | 4,219 | ||||||
| CMFA Special Finance Agency VIII, California Revenue Bonds, Series 2021 |
||||||||
| 4.000% due 08/01/2047 |
430 | 410 | ||||||
| CMFA Special Finance Agency, California Revenue Bonds, Series 2021 |
||||||||
| 4.000% due 08/01/2045 |
1,235 | 1,132 | ||||||
| Corona Community Facilities District, California Special Tax Bonds, Series 2024 |
||||||||
| 5.000% due 09/01/2039 |
500 | 537 | ||||||
| CSCDA Community Improvement Authority, California Revenue Bonds, Series 2021 |
||||||||
| 3.000% due 02/01/2057 |
500 | 363 | ||||||
| 3.400% due 10/01/2046 |
495 | 410 | ||||||
| 4.000% due 02/01/2057 |
500 | 389 |
| Schedule of Investments PIMCO California Municipal Bond Fund (Cont.) | June 30, 2026 (Unaudited) |
| CSCDA Community Improvement Authority, California Revenue Bonds, Series 2022 |
|
|||||||||||
| 0.000% due 09/01/2062 (d) |
1,000 | 704 | ||||||||||
| Dublin Unified School District, California General Obligation Bonds, Series 2023 |
|
|||||||||||
| 4.125% due 08/01/2049 |
3,965 | 3,944 | ||||||||||
| East Bay Municipal Utility District Water System, California Revenue Bonds, Series 2025 |
|
|||||||||||
| 5.000% due 06/01/2045 |
1,000 | 1,116 | ||||||||||
| East Bay Municipal Utility District Water System, California Revenue Bonds, Series 2026 |
|
|||||||||||
| 5.000% due 06/01/2039 |
4,000 | 4,689 | ||||||||||
| East Bay Municipal Utility District Water System, California Revenue Notes, Series 2025 |
|
|||||||||||
| 5.000% due 06/01/2027 |
3,500 | 3,591 | ||||||||||
| Eastern Municipal Water District, California Revenue Bonds, Series 2024 |
|
|||||||||||
| 2.550% due 07/01/2046 |
5,280 | 5,280 | ||||||||||
| Elk Grove Finance Authority, California Special Tax Bonds, Series 2016 |
|
|||||||||||
| 5.000% due 09/01/2046 |
1,000 | 1,000 | ||||||||||
| Fontana Unified School District, California General Obligation Bonds, Series 2025 |
|
|||||||||||
| 5.000% due 08/01/2045 |
1,750 | 1,931 | ||||||||||
| Garden Grove Public Financing Authority, California Revenue Bonds, (BAM Insured), Series 2024 |
|
|||||||||||
| 5.000% due 04/01/2049 |
2,500 | 2,655 | ||||||||||
| Glendale Community College District, California General Obligation Bonds, Series 2020 |
|
|||||||||||
| 4.000% due 08/01/2050 |
880 | 868 | ||||||||||
| Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2018 |
|
|||||||||||
| 5.000% due 06/01/2030 |
200 | 210 | ||||||||||
| Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021 |
|
|||||||||||
| 0.000% due 06/01/2066 (c) |
7,500 | 777 | ||||||||||
| 2.746% due 06/01/2034 |
655 | 581 | ||||||||||
| 3.487% due 06/01/2036 |
1,625 | 1,352 | ||||||||||
| 3.714% due 06/01/2041 |
1,500 | 1,161 | ||||||||||
| 3.850% due 06/01/2050 |
275 | 253 | ||||||||||
| Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2022 |
|
|||||||||||
| 5.000% due 06/01/2051 |
5,100 | 5,119 | ||||||||||
| Golden Valley Unified School District, California General Obligation Bonds, (BAM Insured), Series 2017 |
|
|||||||||||
| 0.000% due 08/01/2031 (c) |
500 | 423 | ||||||||||
| Golden Valley Unified School District, California General Obligation Bonds, Series 2024 |
|
|||||||||||
| 5.000% due 08/01/2049 |
3,000 | 3,207 | ||||||||||
| Hartnell Community College District, California General Obligation Bonds, Series 2017 |
|
|||||||||||
| 4.000% due 08/01/2042 |
250 | 250 | ||||||||||
| Hastings Campus Housing Finance Authority, California Revenue Bonds, Series 2020 |
|
|||||||||||
| 5.000% due 07/01/2045 |
350 | 348 | ||||||||||
| Imperial Irrigation District Electric System, California Revenue Bonds, Series 2017 |
|
|||||||||||
| 4.000% due 11/01/2041 |
150 | 150 | ||||||||||
| Indio Finance Authority, California Revenue Bonds, (BAM Insured), Series 2022 |
|
|||||||||||
| 4.500% due 11/01/2052 |
750 | 759 | ||||||||||
| Irvine Facilities Financing Authority, California Special Tax Bonds, (BAM Insured), Series 2023 |
|
|||||||||||
| 4.000% due 09/01/2058 |
1,000 | 936 | ||||||||||
| Irvine Unified School District, California General Obligation Bonds, Series 2018 |
|
|||||||||||
| 4.000% due 09/01/2045 |
250 | 250 | ||||||||||
| Irvine, California Special Assessment Bonds, Series 2004 |
|
|||||||||||
| 2.750% due 09/02/2029 |
3,500 | 3,500 | ||||||||||
| Irvine, California Special Assessment Bonds, Series 2012 |
|
|||||||||||
| 5.000% due 09/02/2026 |
100 | 100 | ||||||||||
| Irvine, California Special Assessment Bonds, Series 2015 |
|
|||||||||||
| 5.000% due 09/02/2026 |
1,495 | 1,500 | ||||||||||
| Irvine, California Special Tax Bonds, (AGM Insured),Series 2025 |
|
|||||||||||
| 5.000% due 09/01/2055 |
3,500 | 3,751 | ||||||||||
| Irvine, California Special Tax Bonds, (BAM Insured), Series 2026 |
|
|||||||||||
| 5.000% due 09/01/2044 (a) |
800 | 896 | ||||||||||
| 5.000% due 09/01/2046 (a) |
250 | 276 | ||||||||||
| 5.000% due 09/01/2051 (a) |
1,000 | 1,077 | ||||||||||
| Lawndale Elementary School District, California General Obligation Bonds, Series 2018 |
|
|||||||||||
| 5.000% due 08/01/2048 |
1,000 | 1,002 | ||||||||||
| Lincoln, California Special Tax Bonds, Series 2025 |
|
|||||||||||
| 5.000% due 09/01/2055 |
775 | 777 | ||||||||||
| Lompoc Unified School District, California General Obligation Bonds, Series 2025 |
|
|||||||||||
| 5.250% due 08/01/2050 |
825 | 899 | ||||||||||
| 5.250% due 08/01/2054 |
1,050 | 1,137 | ||||||||||
| Long Beach Bond Finance Authority, California General Obligation Bonds, Series 2023 |
|
|||||||||||
| 4.000% due 08/01/2050 |
1,500 | 1,470 | ||||||||||
| Long Beach Bond Finance Authority, California Revenue Bonds, Series 2007 |
|
|||||||||||
| 5.000% due 11/15/2035 |
120 | 133 | ||||||||||
| Long Beach Unified School District, California General Obligation Bonds, Series 2026 |
|
|||||||||||
| 5.000% due 08/01/2038 |
5,000 | 5,859 | ||||||||||
| Los Angeles Community College District, California General Obligation Bonds, Series 2017 |
|
|||||||||||
| 4.000% due 08/01/2037 |
200 | 201 | ||||||||||
| Los Angeles Community College District, California General Obligation Notes, Series 2024 |
|
|||||||||||
| 5.000% due 08/01/2032 |
2,000 | 2,291 | ||||||||||
| Los Angeles County, California Development Authority Revenue Bonds, Series 2025 |
|
|||||||||||
| 3.350% due 09/01/2059 |
1,700 | 1,716 | ||||||||||
| Los Angeles County, California Metropolitan Transportation Authority Sales Tax Revenue Bonds, Series 2026 |
|
|||||||||||
| 5.000% due 07/01/2044 |
3,000 | 3,385 | ||||||||||
| 5.000% due 07/01/2045 |
2,705 | 3,025 | ||||||||||
| 5.000% due 07/01/2046 |
2,000 | 2,217 | ||||||||||
| Los Angeles County, California Public Works Financing Authority Revenue Bonds, Series 2021 |
|
|||||||||||
| 4.000% due 12/01/2046 |
1,385 | 1,388 | ||||||||||
| Los Angeles County, California Sanitation Districts Financing Authority Revenue Bonds, Series 2016 |
|
|||||||||||
| 4.000% due 10/01/2042 |
250 | 250 | ||||||||||
| Schedule of Investments PIMCO California Municipal Bond Fund (Cont.) | June 30, 2026 (Unaudited) |
| Los Angeles Department of Airports, California Revenue Bonds, Series 2017 |
||||||||
| 5.000% due 05/15/2041 |
750 | 753 | ||||||
| Los Angeles Department of Airports, California Revenue Bonds, Series 2020 |
||||||||
| 5.000% due 05/15/2037 |
690 | 738 | ||||||
| Los Angeles Department of Airports, California Revenue Bonds, Series 2022 |
||||||||
| 4.000% due 05/15/2048 |
1,000 | 990 | ||||||
| 5.500% due 05/15/2035 |
2,000 | 2,228 | ||||||
| Los Angeles Department of Airports, California Revenue Bonds, Series 2025 |
||||||||
| 5.000% due 05/15/2050 |
3,500 | 3,740 | ||||||
| Los Angeles Housing Authority, California Revenue Bonds, (FNMA Insured), Series 2024 |
||||||||
| 4.500% due 07/01/2046 |
1,800 | 1,819 | ||||||
| Los Angeles Unified School District, California General Obligation Bonds, Series 2022 |
||||||||
| 5.000% due 07/01/2041 |
1,000 | 1,099 | ||||||
| Los Angeles Unified School District, California General Obligation Bonds, Series 2024 |
||||||||
| 5.000% due 07/01/2035 |
2,500 | 2,907 | ||||||
| Los Angeles Unified School District, California General Obligation Bonds, Series 2025 |
||||||||
| 5.000% due 07/01/2042 |
1,015 | 1,143 | ||||||
| Los Angeles Unified School District, California General Obligation Bonds, Series 2026 |
||||||||
| 5.000% due 07/01/2045 |
5,000 | 5,549 | ||||||
| Los Angeles Unified School District, California General Obligation Notes, Series 2024 |
||||||||
| 5.000% due 07/01/2034 |
1,500 | 1,743 | ||||||
| M-S-R Energy Authority, California Revenue Bonds, Series 2009 |
||||||||
| 6.125% due 11/01/2029 |
35 | 37 | ||||||
| 7.000% due 11/01/2034 |
200 | 241 | ||||||
| Marin Community College District, California General Obligation Bonds, Series 2019 |
||||||||
| 4.000% due 08/01/2039 |
250 | 253 | ||||||
| Mariposa County, California Unified School District General Obligation Bonds, Series 2018 |
||||||||
| 5.000% due 08/01/2043 |
1,270 | 1,272 | ||||||
| Menifee Union School District, California General Obligation Bonds, Series 2023 |
||||||||
| 4.000% due 08/01/2046 |
1,000 | 1,003 | ||||||
| Menlo Park Community Development Agency Successor Agency, California Tax Allocation Bonds, (AGM Insured), Series 2015 |
||||||||
| 5.000% due 10/01/2027 |
1,230 | 1,233 | ||||||
| Mill Valley School District, California General Obligation Bonds, Series 2024 |
||||||||
| 4.000% due 08/01/2045 |
1,355 | 1,361 | ||||||
| Monterey Peninsula Community College District, California General Obligation Bonds, Series 2024 |
||||||||
| 4.000% due 08/01/2051 |
1,000 | 978 | ||||||
| Monterey Peninsula Unified School District, California General Obligation Bonds, Series 2016 |
||||||||
| 4.000% due 08/01/2041 |
1,000 | 1,000 | ||||||
| Mount Diablo Unified School District, California General Obligation Bonds, Series 2025 |
||||||||
| 5.000% due 08/01/2042 |
750 | 849 | ||||||
| Mount San Antonio Community College District, California General Obligation Bonds, Series 2019 |
||||||||
| 4.000% due 08/01/2049 |
2,550 | 2,501 | ||||||
| Mount San Jacinto Community College District, California General Obligation Bonds, Series 2018 |
||||||||
| 4.000% due 08/01/2043 |
200 | 200 | ||||||
| Mountain House Community Facilities District, California Special Tax Bonds, Series 2025 |
||||||||
| 5.000% due 09/01/2055 |
2,000 | 2,015 | ||||||
| Mountain House Community Facilities District, California Special Tax Bonds, Series 2026 |
||||||||
| 5.000% due 09/01/2046 |
1,250 | 1,283 | ||||||
| 5.000% due 09/01/2056 |
1,150 | 1,161 | ||||||
| Mountain House Financing Authority, California Special Tax Bonds, Series 2026 |
||||||||
| 5.000% due 09/01/2046 |
450 | 462 | ||||||
| 5.000% due 09/01/2051 |
575 | 584 | ||||||
| 5.000% due 09/01/2056 |
650 | 654 | ||||||
| Mountain View-Whisman School District, California General Obligation Bonds, Series 2022 |
||||||||
| 5.000% due 09/01/2034 |
200 | 219 | ||||||
| Napa Valley Unified School District, California General Obligation Bonds, Series 2025 |
||||||||
| 4.500% due 08/01/2055 |
2,000 | 2,032 | ||||||
| Norman Y Mineta San Jose International Airport SJC, California Revenue Bonds, Series 2017 |
||||||||
| 5.000% due 03/01/2047 |
3,920 | 3,933 | ||||||
| Norris School District, California General Obligation Bonds, Series 2012 |
||||||||
| 5.200% due 11/01/2040 |
250 | 257 | ||||||
| Northern California Gas Authority, Revenue Bonds, Series 2007 |
||||||||
| 3.368% (0.67*US0003M + 0.720%) due 07/01/2027 ~ |
135 | 135 | ||||||
| Ontario International Airport Authority, California Revenue Bonds, (AGM Insured), Series 2021 |
||||||||
| 4.000% due 05/15/2036 |
1,050 | 1,066 | ||||||
| 4.000% due 05/15/2051 |
1,500 | 1,456 | ||||||
| Orange County, California Community Facilities District Special Tax Bonds, Series 2022 |
||||||||
| 5.000% due 08/15/2047 |
1,090 | 1,119 | ||||||
| Orange County, California Community Facilities District Special Tax Bonds, Series 2026 |
||||||||
| 5.000% due 08/15/2051 |
2,625 | 2,700 | ||||||
| 5.000% due 08/15/2056 |
3,500 | 3,571 | ||||||
| Palm Springs Unified School District, California General Obligation Bonds, Series 2024 |
||||||||
| 4.000% due 08/01/2049 |
1,000 | 1,000 | ||||||
| Rancho Cordova, California Special Tax Bonds, Series 2025 |
||||||||
| 5.000% due 09/01/2050 |
850 | 864 | ||||||
| Rancho Cordova, California Special Tax Bonds, Series 2026 |
||||||||
| 5.000% due 09/01/2046 |
1,365 | 1,408 | ||||||
| 5.000% due 09/01/2051 |
1,320 | 1,342 | ||||||
| Redondo Beach Unified School District, California General Obligation Bonds, Series 2025 |
||||||||
| 5.000% due 08/01/2050 |
2,250 | 2,398 | ||||||
| Regents of the University of California Medical Center Pooled Revenue Bonds, Series 2020 |
||||||||
| 2.500% due 05/15/2045 |
2,445 | 2,445 | ||||||
| 2.700% due 05/15/2045 |
2,200 | 2,200 | ||||||
| Rialto, California Special Tax Bonds, Series 2026 |
||||||||
| 5.000% due 09/01/2046 |
575 | 595 | ||||||
| 5.000% due 09/01/2051 |
525 | 538 |
| Schedule of Investments PIMCO California Municipal Bond Fund (Cont.) | June 30, 2026 (Unaudited) |
| Rio Hondo Community College District, California General Obligation Bonds, Series 2025 |
|
|||||||||||
| 4.375% due 08/01/2055 |
2,250 | 2,277 | ||||||||||
| River Islands Public Financing Authority, California Special Tax Bonds, (AGM Insured), Series 2022 |
|
|||||||||||
| 4.250% due 09/01/2047 |
1,000 | 978 | ||||||||||
| River Islands Public Financing Authority, California Special Tax Bonds, Series 2022 |
|
|||||||||||
| 5.750% due 09/01/2052 |
2,000 | 2,059 | ||||||||||
| River Islands Public Financing Authority, California Special Tax Bonds, Series 2024 |
|
|||||||||||
| 5.000% due 09/01/2054 |
1,500 | 1,484 | ||||||||||
| River Islands Public Financing Authority, California Special Tax Bonds, Series 2025 |
|
|||||||||||
| 4.500% due 09/01/2040 |
1,900 | 1,918 | ||||||||||
| Riverside County, California Transportation Commission Sales Tax Revenue Bonds, Series 2017 |
|
|||||||||||
| 5.000% due 06/01/2035 |
215 | 222 | ||||||||||
| Riverside Unified School District, California Special Tax Bonds, Series 2024 |
|
|||||||||||
| 5.000% due 09/01/2049 |
730 | 746 | ||||||||||
| Riverside, California Sewer Revenue Bonds, Series 2018 |
|
|||||||||||
| 4.000% due 08/01/2038 |
250 | 253 | ||||||||||
| Romoland School District, California Special Tax Bonds, Series 2026 |
|
|||||||||||
| 5.000% due 09/01/2051 |
500 | 513 | ||||||||||
| 5.000% due 09/01/2056 |
550 | 559 | ||||||||||
| Roseville, California Special Tax Bonds, Series 2017 |
|
|||||||||||
| 5.000% due 09/01/2033 |
500 | 508 | ||||||||||
| Roseville, California Special Tax Bonds, Series 2025 |
|
|||||||||||
| 5.000% due 09/01/2050 |
1,250 | 1,263 | ||||||||||
| Sacramento County, California Airport System Revenue Bonds, Series 2024 |
|
|||||||||||
| 5.000% due 07/01/2040 |
1,600 | 1,809 | ||||||||||
| 5.000% due 07/01/2041 |
500 | 562 | ||||||||||
| Sacramento County, California Special Tax Bonds, Series 2022 |
|
|||||||||||
| 5.000% due 09/01/2047 |
1,000 | 1,017 | ||||||||||
| Sacramento County, California Water Financing Authority Revenue Bonds, (NPFGC Insured), Series 2007 |
|
|||||||||||
| 3.177% (US0003M + 0.550%) due 06/01/2034 ~ |
470 | 462 | ||||||||||
| Sacramento, California Special Tax Bonds, Series 2021 |
|
|||||||||||
| 4.000% due 09/01/2035 |
600 | 608 | ||||||||||
| 4.000% due 09/01/2050 |
750 | 669 | ||||||||||
| San Diego County, California Certificates of Participation Bonds, Series 2023 |
|
|||||||||||
| 5.000% due 10/01/2048 |
1,500 | 1,604 | ||||||||||
| San Diego County, California Regional Airport Authority Revenue Bonds, Series 2021 |
|
|||||||||||
| 4.000% due 07/01/2046 |
1,000 | 1,002 | ||||||||||
| 5.000% due 07/01/2056 |
3,100 | 3,147 | ||||||||||
| San Diego County, California Regional Airport Authority Revenue Bonds, Series 2023 |
|
|||||||||||
| 5.250% due 07/01/2058 |
1,700 | 1,767 | ||||||||||
| San Diego County, California Water Authority Revenue Bonds, Series 2022 |
|
|||||||||||
| 5.000% due 05/01/2052 |
1,500 | 1,575 | ||||||||||
| San Diego Housing Authority, Inc., California Revenue Bonds,(HUD Insured), Series 2024 |
|
|||||||||||
| 4.200% due 06/01/2040 |
2,460 | 2,472 | ||||||||||
| San Diego Public Facilities Financing Authority, California Revenue Bonds, Series 2020 |
|
|||||||||||
| 4.000% due 08/01/2045 |
1,625 | 1,636 | ||||||||||
| San Diego Unified School District, California General Obligation Bonds, Series 2017 |
|
|||||||||||
| 0.000% due 07/01/2034 (c) |
550 | 410 | ||||||||||
| 4.000% due 07/01/2047 |
400 | 398 | ||||||||||
| San Diego Unified School District, California General Obligation Bonds, Series 2023 |
|
|||||||||||
| 5.000% due 07/01/2048 |
1,000 | 1,069 | ||||||||||
| San Diego Unified School District, California General Obligation Bonds, Series 2024 |
|
|||||||||||
| 4.000% due 07/01/2054 |
4,075 | 3,928 | ||||||||||
| 5.000% due 07/01/2041 |
1,000 | 1,131 | ||||||||||
| San Diego Unified School District, California General Obligation Bonds, Series 2025 |
|
|||||||||||
| 5.000% due 07/01/2043 |
2,000 | 2,260 | ||||||||||
| San Francisco Bay Area Rapid Transit District, California General Obligation Bonds, Series 2025 |
|
|||||||||||
| 5.000% due 08/01/2042 |
3,505 | 4,009 | ||||||||||
| San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Bonds, Series 2019 |
|
|||||||||||
| 5.000% due 05/01/2049 |
960 | 972 | ||||||||||
| San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Bonds, Series 2024 |
|
|||||||||||
| 5.000% due 05/01/2040 |
2,000 | 2,261 | ||||||||||
| San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Notes, Series 2024 |
|
|||||||||||
| 5.000% due 05/01/2034 |
2,000 | 2,235 | ||||||||||
| San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Notes, Series 2025 |
|
|||||||||||
| 5.000% due 05/01/2035 |
3,000 | 3,374 | ||||||||||
| San Francisco, California City & County Public Utilities Commission Power Revenue Bonds, Series 2023 |
|
|||||||||||
| 5.000% due 11/01/2048 |
1,000 | 1,069 | ||||||||||
| San Francisco, California City & County Redevelopment Agency Tax Allocation Bonds, Series 2016 |
|
|||||||||||
| 5.000% due 08/01/2027 |
105 | 105 | ||||||||||
| San Francisco, California City & County Revenue Bonds, (FNMA Insured), Series 2025 |
|
|||||||||||
| 5.000% due 02/01/2046 |
3,000 | 3,188 | ||||||||||
| San Francisco, California Public Utilities Commission Water Revenue Bonds, Series 2016 |
|
|||||||||||
| 4.000% due 11/01/2039 |
1,000 | 1,000 | ||||||||||
| San Francisco, California Public Utilities Commission Water Revenue Bonds, Series 2020 |
|
|||||||||||
| 5.000% due 11/01/2050 |
1,000 | 1,043 | ||||||||||
| San Francisco, California Special Tax District, City & County Special Tax Notes, Series 2021 |
|
|||||||||||
| 4.000% due 09/01/2031 |
150 | 152 | ||||||||||
| San Marcos Unified School District, California General Obligation Bonds, Series 2017 |
|
|||||||||||
| 4.000% due 08/01/2038 |
500 | 504 | ||||||||||
| San Marcos Unified School District, California General Obligation Bonds, Series 2025 |
|
|||||||||||
| 5.000% due 08/01/2044 |
650 | 723 | ||||||||||
| 5.000% due 08/01/2045 |
885 | 976 | ||||||||||
| San Rafael City Elementary School District, California General Obligation Bonds, Series 2019 |
|
|||||||||||
| 4.000% due 08/01/2047 |
615 | 610 | ||||||||||
| Schedule of Investments PIMCO California Municipal Bond Fund (Cont.) | June 30, 2026 (Unaudited) |
| Santa Ana College Improvement District #1 Rancho Santiago Community College District, California General Obligation Bonds, Series 2017 |
||||||||
| 4.000% due 08/01/2041 |
200 | 200 | ||||||
| Santa Cruz City High School District, California General Obligation Bonds, Series 2017 |
||||||||
| 4.000% due 08/01/2042 |
1,910 | 1,911 | ||||||
| Santa Rosa High School District, California General Obligation Bonds, Series 2026 |
||||||||
| 5.000% due 08/01/2043 |
1,750 | 1,998 | ||||||
| South San Francisco Unified School, California General Obligation Bonds, Series 2023 |
||||||||
| 4.000% due 09/01/2048 |
1,000 | 986 | ||||||
| Stockton Community Facilities District, California Special Tax Bonds, Series 2024 |
||||||||
| 5.000% due 09/01/2039 |
370 | 391 | ||||||
| 5.000% due 09/01/2049 |
525 | 530 | ||||||
| Temple City Unified School District, California General Obligation Bonds, Series 2013 |
||||||||
| 6.170% due 08/01/2036 |
200 | 214 | ||||||
| Tobacco Securitization Authority of Northern California Revenue Bonds, Series 2021 |
||||||||
| 0.000% due 06/01/2060 (c) |
8,720 | 1,460 | ||||||
| Tobacco Securitization Authority of Southern California Revenue Bonds, Series 2019 |
||||||||
| 0.000% due 06/01/2054 (c) |
4,000 | 737 | ||||||
| 5.000% due 06/01/2048 |
1,860 | 1,856 | ||||||
| University of California Revenue Bonds, Series 2016 |
||||||||
| 4.000% due 05/15/2046 |
50 | 49 | ||||||
| University of California Revenue Bonds, Series 2018 |
||||||||
| 4.000% due 05/15/2043 |
265 | 266 | ||||||
| University of California Revenue Bonds, Series 2025 |
||||||||
| 5.000% due 05/15/2039 |
3,100 | 3,511 | ||||||
| University of California Revenue Bonds, Series 2026 |
||||||||
| 5.000% due 11/15/2043 |
5,000 | 5,641 | ||||||
| 5.250% due 05/15/2039 |
2,500 | 3,017 | ||||||
| 5.500% due 05/15/2043 |
2,500 | 2,936 | ||||||
| Upland, California Certificates of Participation Bonds, Series 2017 |
||||||||
| 4.000% due 01/01/2042 |
250 | 239 | ||||||
| Val Verde Unified School District, California General Obligation Bonds, (AGM Insured), Series 2021 |
||||||||
| 4.000% due 08/01/2046 |
1,575 | 1,554 | ||||||
|
|
|
|||||||
| 499,791 | ||||||||
|
|
|
|||||||
| GEORGIA 0.1% |
||||||||
| Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2023 |
||||||||
| 5.000% due 12/01/2053 |
600 | 641 | ||||||
|
|
|
|||||||
| IOWA 0.0% |
||||||||
| Iowa Finance Authority Midwestern Disaster Area Revenue Refunding Bonds, Series 2022 |
||||||||
| 4.000% due 12/01/2050 |
250 | 268 | ||||||
|
|
|
|||||||
| MULTI-STATE 1.0% |
||||||||
| Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2023 |
||||||||
| 2.250% due 09/25/2037 |
1,428 | 1,195 | ||||||
| 4.033% due 12/25/2036 |
961 | 962 | ||||||
| 4.555% due 08/25/2040 |
1,177 | 1,217 | ||||||
| Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2024 |
||||||||
| 3.541% due 11/25/2038 |
2,743 | 2,604 | ||||||
|
|
|
|||||||
| 5,978 | ||||||||
|
|
|
|||||||
| NEW HAMPSHIRE 0.4% |
||||||||
| New Hampshire Business Finance Authority Revenue Bonds, Series 2024 |
||||||||
| 3.923% due 07/20/2039 |
2,467 | 2,407 | ||||||
|
|
|
|||||||
| NEW YORK 0.0% |
||||||||
| Monroe County, New York Industrial Development Agency Revenue Bonds, (FNMA Insured),Series 2023 |
||||||||
| 4.720% due 01/01/2044 |
200 | 205 | ||||||
|
|
|
|||||||
| PUERTO RICO 2.5% |
||||||||
| Commonwealth of Puerto Rico Bonds, Series 2022 |
||||||||
| 0.000% due 11/01/2043 (c) |
808 | 581 | ||||||
| 0.000% due 11/01/2051 (c) |
1,241 | 911 | ||||||
| Commonwealth of Puerto Rico General Obligation Bonds, Series 2021 |
||||||||
| 4.000% due 07/01/2041 |
4,250 | 4,143 | ||||||
| Puerto Rico Electric Power Authority Revenue Bonds, (AGM Insured), Series 2007 |
||||||||
| 3.162% (0.67*US0003M + 0.520%) due 07/01/2029 ~ |
90 | 89 | ||||||
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2018 |
||||||||
| 0.000% due 07/01/2046 (c) |
12,300 | 4,598 | ||||||
| 0.000% due 07/01/2051 (c) |
12,000 | 3,262 | ||||||
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2019 |
||||||||
| 4.329% due 07/01/2040 |
1,500 | 1,501 | ||||||
|
|
|
|||||||
| 15,085 | ||||||||
|
|
|
|||||||
| TENNESSEE 0.2% |
||||||||
| Tennessee Energy Acquisition Corp. Revenue Bonds, Series 2021 |
||||||||
| 5.000% due 05/01/2052 |
1,000 | 1,058 | ||||||
|
|
|
|
|
| Schedule of Investments PIMCO California Municipal Bond Fund (Cont.) | June 30, 2026 (Unaudited) |
| TEXAS 1.8% |
||||||||
| Denton, Texas Essential Investments Public Facility Corp. |
||||||||
| 7.095% due 06/02/2059 « |
2,800 | 2,810 | ||||||
| Harris County, Texas Hospital District General Obligation Bonds, Series 2025 |
||||||||
| 5.000% due 02/15/2041 |
1,450 | 1,594 | ||||||
| Texas Municipal Gas Acquisition & Supply Corp. V Revenue Notes, Series 2026 |
||||||||
| 5.000% due 04/01/2036 |
4,800 | 5,082 | ||||||
| Texas Water Development Board Revenue Bonds, Series 2023 |
||||||||
| 4.875% due 10/15/2048 |
900 | 927 | ||||||
| 5.000% due 10/15/2058 |
600 | 622 | ||||||
|
|
|
|||||||
| 11,035 | ||||||||
|
|
|
|||||||
| Total Municipal Bonds & Notes (Cost $528,279) |
538,456 | |||||||
|
|
|
|||||||
| U.S. GOVERNMENT AGENCIES 2.7% |
||||||||
| Federal Home Loan Mortgage Corp. |
||||||||
| 3.600% due 12/01/2040 |
1,948 | 1,824 | ||||||
| 3.660% due 01/01/2039 |
1,446 | 1,385 | ||||||
| 3.720% due 01/01/2041 |
1,463 | 1,390 | ||||||
| 3.750% due 07/01/2042 |
4,260 | 4,168 | ||||||
| 3.850% due 02/01/2038 - 07/01/2041 |
5,891 | 5,640 | ||||||
| 4.850% due 08/01/2038 |
971 | 1,019 | ||||||
| 5.210% due 08/01/2040 |
687 | 744 | ||||||
| Federal Home Loan Mortgage Corp. Multifamily Variable Rate Certificate |
||||||||
| 4.192% due 07/15/2040 • |
290 | 299 | ||||||
|
|
|
|||||||
| Total U.S. Government Agencies (Cost $15,858) |
16,469 | |||||||
|
|
|
|||||||
| U.S. TREASURY OBLIGATIONS 6.5% |
||||||||
| U.S. Treasury Notes |
||||||||
| 3.375% due 02/29/2028 |
14,300 | 14,123 | ||||||
| 3.500% due 02/28/2031 |
11,600 | 11,261 | ||||||
| 4.125% due 03/31/2031 |
1,000 | 996 | ||||||
| 4.250% due 02/28/2031 |
5,500 | 5,510 | ||||||
| 4.625% due 04/30/2031 |
7,300 | 7,431 | ||||||
|
|
|
|||||||
| Total U.S. Treasury Obligations (Cost $39,682) |
39,321 | |||||||
|
|
|
|||||||
| Total Investments in Securities (Cost $583,819) |
594,246 | |||||||
|
|
|
|||||||
| SHARES | ||||||||
| INVESTMENTS IN AFFILIATES 0.9% |
||||||||
| SHORT-TERM INSTRUMENTS 0.9% |
||||||||
| CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.9% |
||||||||
| PIMCO Short-Term Floating NAV Portfolio III |
566,970 | 5,523 | ||||||
|
|
|
|||||||
| Total Short-Term Instruments (Cost $5,522) |
5,523 | |||||||
|
|
|
|||||||
| Total Investments in Affiliates (Cost $5,522) |
5,523 | |||||||
|
|
|
|||||||
| Total Investments 98.6% (Cost $589,341) |
$ | 599,769 | ||||||
| Other Assets and Liabilities, net 1.4% |
8,425 | |||||||
|
|
|
|||||||
| Net Assets 100.0% |
$ | 608,194 | ||||||
|
|
|
| Schedule of Investments PIMCO California Municipal Bond 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. |
| ^ | Security is in default. |
| « | Security valued using significant unobservable inputs (Level 3). |
| ~ | Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description. |
| • | Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description. |
| (a) | When-issued security. |
| (b) | Security is not accruing income as of the date of this report. |
| (c) | Zero coupon security. |
| (d) | Security becomes interest bearing at a future date. |
| (e) | RESTRICTED SECURITIES: |
| Issuer Description |
Coupon | Maturity Date |
Acquisition Date |
Cost | Market Value |
Market Value as Percentage of Net Assets |
||||||||||||||||||
| California Municipal Finance Authority Revenue Bonds, Series 2021 |
4.000 | % | 09/01/2040 | 02/18/2025 | $ | 2,377 | $ | 2,411 | 0.40 | % | ||||||||||||||
| California Municipal Finance Authority Revenue Bonds, Series 2021 |
4.000 | 09/01/2050 | 11/22/2022 | 902 | 929 | 0.15 | ||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||
| $ | 3,279 | $ | 3,340 | 0.55 | % | |||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||
| 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 |
| |||||||||||||||
| Municipal Bonds & Notes |
| |||||||||||||||
| Arizona |
$ | 0 | $ | 1,988 | $ | 0 | $ | 1,988 | ||||||||
| California |
0 | 499,791 | 0 | 499,791 | ||||||||||||
| Georgia |
0 | 641 | 0 | 641 | ||||||||||||
| Iowa |
0 | 268 | 0 | 268 | ||||||||||||
| Multi-State |
0 | 5,978 | 0 | 5,978 | ||||||||||||
| New Hampshire |
0 | 2,407 | 0 | 2,407 | ||||||||||||
| New York |
0 | 205 | 0 | 205 | ||||||||||||
| Puerto Rico |
0 | 15,085 | 0 | 15,085 | ||||||||||||
| Tennessee |
0 | 1,058 | 0 | 1,058 | ||||||||||||
| Texas |
0 | 8,225 | 2,810 | 11,035 | ||||||||||||
| U.S. Government Agencies |
0 | 16,469 | 0 | 16,469 | ||||||||||||
| U.S. Treasury Obligations |
0 | 39,321 | 0 | 39,321 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 0 | $ | 591,436 | $ | 2,810 | $ | 594,246 | |||||||||
| Investments in Affiliates, at Value |
| |||||||||||||||
| Short-Term Instruments |
| |||||||||||||||
| Central Funds Used for Cash Management Purposes |
$ | 5,523 | $ | 0 | $ | 0 | $ | 5,523 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 5,523 | $ | 591,436 | $ | 2,810 | $ | 599,769 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
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) |
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| 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 | ||||||||||||||||
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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) |
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| 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 | ||||||||||||||
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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) |
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| 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 | ||||||||||||||
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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) |
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| PIMCO Income Fund |
$ | 33,008 | $ | 444 | $ | 0 | $ | 0 | $ | 246 | $ | 33,698 | $ | 444 | $ | 0 | ||||||||||||||||
| PIMCO International Bond Fund |
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 | |||||||||||||||
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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) |
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| 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 | ||||||||||||||
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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) |
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| 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) |
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| 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) |
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| 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) |
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| 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 |
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 |
Notes to Financial Statements (Cont.)
| PIMCO Total Return Fund IV |
15,120 | 23,307 | (22,100 | ) | 4 | (1 | ) | 16,330 | 106 | 0 | ||||||||||||||||||||||
| PIMCO TRENDS Managed Futures Strategy Fund |
66,104 | 45,168 | (111,216 | ) | 0 | 7 | 63 | 314 | 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. |
An affiliate includes any company in which a Fund owns 5% or more of the company’s outstanding voting shares. The table below represents transactions in and earnings from these affiliated issuers for the period ended June 30, 2026 (amounts in thousands†, except number of shares).
PIMCO Income Fund
| Security Name | Market Value at 03/31/2026 |
Purchases at cost |
Proceeds from Sale |
Net Realized Gain/(Loss) |
Change in Unrealized Appreciation (Depreciation) |
Market Value at 06/30/2026 |
Dividend Income |
Shares Held at 06/30/2026 |
||||||||||||||||||||||||
| Clear Channel Outdoor Holdings, Inc. |
$ | 120,544 | $ | 0 | $ | 0 | $ | 0 | $ | 2,543 | $ | 123,087 | $ | 0 | 50,862,666 | |||||||||||||||||
| iHeartMedia, Inc. ‘A’ |
26,362 | 0 | (4,656 | ) | (21,338 | ) | 33,755 | 34,123 | 0 | 7,954,032 | ||||||||||||||||||||||
| iHeartMedia, Inc. ‘B’ |
31,386 | 0 | 0 | 0 | 13,678 | 45,064 | 0 | 12,214,441 | ||||||||||||||||||||||||
| Sierra Hamilton Holder LLC |
2 | 0 | 0 | 0 | (1 | ) | 1 | 0 | 15,369,768 | |||||||||||||||||||||||
| Westmoreland Mining LLC |
1,925 | 671 | 0 | 0 | (527 | ) | 2,069 | 0 | 788,065 | |||||||||||||||||||||||
| Windstream Servcies LLC |
57,557 | 0 | 0 | 0 | 12,825 | 70,382 | 0 | 6,136,182 | ||||||||||||||||||||||||
| † | A zero balance may reflect actual amounts rounding to less than one thousand. |
| Glossary: (abbreviations that may be used in the preceding statements) | (Unaudited) |
| Counterparty Abbreviations: |
||||||||||
| AZD | Australia and New Zealand Banking Group | DBL | Deutsche Bank AG London | MYI | Morgan Stanley & Co. International PLC | |||||
| BAR | Barclays PLC Corporate RRP/REPO trading | DEU | Deutsche Bank Securities, Inc. | NGF | Nomura Global Financial Products, Inc. | |||||
| BBV | Banco Bilbao Vizcaya Madrid (Repo Only) | DUB | Deutsche Bank AG | NOM | Nomura Securities International, Inc. | |||||
| BCY | Barclays Capital, Inc. | FAR | Wells Fargo Bank National Association | NXN | Natixis New York | |||||
| BOA | Bank of America N.A. | FICC STR | Fixed Income Clearing Corp. - State Street FICC Repo | RBC | Royal Bank of Canada | |||||
| BOM | Bank of Montreal | GLM | Goldman Sachs Bank USA | RDR | RBC Capital Markets LLC | |||||
| BOO | BoA Securities, Inc (Repo Only) | GSC | Goldman Sachs & Co. LLC | RYL | NatWest Markets Plc | |||||
| BOS | BofA Securities, Inc. | GST | Goldman Sachs International | SAL | Citigroup Global Markets, Inc. | |||||
| BPG | BNP Paribas Securities Corp. | IND | Crédit Agricole Corporate and Investment Bank S.A. | SBI | Citigroup Global Markets Ltd. | |||||
| BPS | BNP Paribas S.A. | JML | JP Morgan Securities Plc | SCX | Standard Chartered Bank, London | |||||
| BRC | Barclays Bank PLC | JPM | JP Morgan Chase Bank N.A. | SGY | Societe Generale, NY | |||||
| BSH | Banco Santander S.A. - New York Branch | JPS | J.P. Morgan Securities LLC | SOG | Societe Generale Paris | |||||
| BSN | The Bank of Nova Scotia - Toronto | MAA | Mizuho Capital Markets LLC | SSB | State Street Bank and Trust Co. | |||||
| BSS | Banco Santander S.A. | MAC | Macquarie Bank Limited | STR | State Street FICC Repo | |||||
| BUS | The Bank of Nova Scotia - Toronto | MBC | HSBC Bank Plc | TDM | TD Securities (USA) LLC | |||||
| BYR | The Bank of Nova Scotia - Toronto | MEI | Merrill Lynch International | TOR | The Toronto-Dominion Bank | |||||
| CBK | Citibank N.A. | MFK | Barclays Capital, Inc. | UAG | UBS AG Stamford | |||||
| CIB | Canadian Imperial Bank of Commerce | MSC | Morgan Stanley & Co. LLC. | UBS | UBS Securities LLC | |||||
| CKL | Citibank N.A. London | MSR | Morgan Stanley & Co LLC FICC Repo | WAN | Wells Fargo Bank, N.A.- FICC Rep | |||||
| CTR | Citigroup Global Markets, Inc.- FICC Rep | MYC | Morgan Stanley Capital Services LLC | WFS | Wells Fargo Securities, LLC | |||||
| Currency Abbreviations: |
||||||||||
| ARS | Argentine Peso | HUF | Hungarian Forint | PLN | Polish Zloty | |||||
| AUD | Australian Dollar | IDR | Indonesian Rupiah | PYG | Paraguayan Guarani | |||||
| AZN | Azerbaijani Manat | ILS | Israeli Shekel | QAR | Qatari Riyal | |||||
| BRL | Brazilian Real | INR | Indian Rupee | RON | Romanian New Leu | |||||
| CAD | Canadian Dollar | JPY | Japanese Yen | RSD | Serbian Dinar | |||||
| CHF | Swiss Franc | KES | Kenyan Schilling | SAR | Saudi Riyal | |||||
| CLP | Chilean Peso | KRW | South Korean Won | SEK | Swedish Krona | |||||
| CNH | Chinese Renminbi (Offshore) | KWD | Kuwaiti Dinar | SGD | Singapore Dollar | |||||
| CNY | Chinese Renminbi (Mainland) | KZT | Kazakhstani Tenge | THB | Thai Baht | |||||
| COP | Colombian Peso | LKR | Sri Lankan Rupee | TRY | Turkish New Lira | |||||
| CRC | Costa Rican Colon | MNT | Mongolian Tugrik | TWD | Taiwanese Dollar | |||||
| CZK | Czech Koruna | MXN | Mexican Peso | UGX | Ugandan Shilling | |||||
| DKK | Danish Krone | MYR | Malaysian Ringgit | USD (or $) | United States Dollar | |||||
| DOP | Dominican Peso | NGN | Nigerian Naira | UYU | Uruguayan Peso | |||||
| EGP | Egyptian Pound | NOK | Norwegian Krone | UZS | Uzbekistani Sum | |||||
| EUR | Euro | NZD | New Zealand Dollar | VND | Vietnamese Dong | |||||
| GBP | British Pound | PEN | Peruvian New Sol | ZAR | South African Rand | |||||
| GHS | Ghanaian Cedi | PHP | Philippine Peso | ZMW | Zambian Kwacha | |||||
| HKD | Hong Kong Dollar | PKR | Pakistani Rupee | |||||||
| Exchange Abbreviations: |
||||||||||
| CBOE | Chicago Board Options Exchange | EUREX | Eurex Exchange | LME | London Metal Exchange | |||||
| CBOT | Chicago Board of Trade | FTSE | Financial Times Stock Exchange | NYBOT | New York Board of Trade | |||||
| CME | Chicago Mercantile Exchange | ICE | IntercontinentalExchange® | NYMEX | New York Mercantile Exchange | |||||
| COMEX | Commodity Exchange, Inc. | KCBT | Kansas City Board of Trade | OTC | Over the Counter | |||||
| Index/Spread Abbreviations: |
8840%sxsv | |||||||||
| ABX.HE | Asset-Backed Securities Index - Home Equity | CSIXTR | Credit Suisse U.S. Dollar Total Return Index | NDDUWXUS | MSCI Daily TR Net World Ex USA Index | |||||
| BACVWSAV | BofA Merrill Lynch Basket Excess Return Strategy Index | DWRTFT | Dow Jones Wilshire REIT Total Return Index | NDUEACWF | MSCI ACWI Index Future | |||||
| BBSW3M | 3 Month Bank Bill Swap Rate | ERADXULN | RAE Fundamental International Large Net Total Return Index | NDUEEGF | iShares MSCI Emerging Markets ETF | |||||
| BCOMF1NTC | Bloomberg Commodity Index 1-Month Forward Total Return Custom Index | ERAEMLN | RAE Fundamental Emerging Markets Net Total Return Index | PIMCODB | PIMCO Custom Commodity Basket | |||||
| BCOMF1TC | Bloomberg Commodity Index 1-Month Forward Total Return | ERAEMLT | eRAFI Emerging Markets Strategy Index | PIMCODBU | PIMCO Custom Commodity Basket | |||||
| BCOMIN | Bloomberg Industrial Metals Subindex | ERAUSLT | eRAFI U.S. Large Strategy Index | primex | Prime Mortgage-Backed Securities Index - Adjustable Rate Mortgage | |||||
| BCOMPR | Bloomberg Precious Metals Sub-Index | ERAUSST | eRAFI U.S. Small Strategy Index | RALVEIEN | RAE Emerging Markets Low Volatility Equity Income Index | |||||
| BCOMTR | Bloomberg Commodity Index Total Return | EUR003M | 3 Month EUR Swap Rate | RALVEIIN | RAE International Net Low Volatility Equity Income Index | |||||
| BCOMTR1 | Bloomberg Custom Commodity Index | EUR006M | 6 Month EUR Swap Rate | RALVEIIT | RAE International Low Volatility Equity Income Total Return Index | |||||
| BCOMTR2 | Bloomberg Custom Commodity Index | FEDL01 | Federal funds effective rate | RALVEIUT | RA U.S. Low Volatility Equity Income Total Return Index | |||||
| BISTREFI | Turkish Lira Overnight Reference Rate | FHMMUSTF | Federated Hermes US Treasury Cash Reserves Fund Yield | RBCACS0T | Custom Commodity Forward Index | |||||
| BNMMDTSC | Dreyfus Treasury Securites Cash Management Fund Yield | FRCPXTOB | France Consumer Price ex-Tobacco Index | RBCACST0 | Custom Commodity Forward Index | |||||
| BOBL | Bundesobligation, the German word for federal government bond | GOLDLNPM | London Gold Market Fixing Ltd. PM | RU20INTR | Russell 2000 Total Return Index | |||||
| BP0003M | 3 Month GBP-LIBOR | GSMMUSTF | Goldman Sachs Money Market US Treasury Fund Index | S&P 500 | Standard & Poor’s 500 Index | |||||
| Brent | Brent Crude | GSMMUSTI | Goldman Sachs Money Market US Treasury Instrument Index | SFE | Sydney Futures Exchange | |||||
| BRMMUSDF | BlackRock Money Market US Treasury Fund Index | H15T1Y | 1 Year US Treasury Yield Curve Constant Maturity Rate | SIBCSORA | Singapore Overnight Rate Average | |||||
| CAONINDX | Bloomberg CORRA Compounded Index | HSMMUSTF | HSBC UST Money Market Yield | SOFR | Secured Overnight Financing Rate | |||||
| CAONREPO | Canadian Overnight Repo Rate Average | IBR | Indicador Bancario de Referencia | SOFRINDX | Secured Overnight Financing Rate Index | |||||
| CDX.EM | Credit Derivatives Index - Emerging Markets | IBXXLLTR | iBoxx USD Liquid Leveraged Loan Index | SONIA | Sterling Overnight Interbank Average Rate | |||||
| CDX.HY | Credit Derivatives Index - High Yield | JMABFNJ2 | J.P. Morgan Custom Commodity Index | SONIA3M IR | Sterling Overnight Index Average 3 Month Index Rate | |||||
| CDX.IG | Credit Derivatives Index - Investment Grade | JMABNIC5 | J.P. Morgan Custom Commodity Index | SONIO | Sterling Overnight Interbank Average Rate | |||||
| CIXBSTR3 | Custom Commodity Index | JMMMUSTF | JP Morgan Money Market US Treasury Fund Index | SPGCINP | S&P GSCI Industrial Metals ER | |||||
| CMBX | Commercial Mortgage-Backed Index | JPACWILV | J.P. Morgan Custom Equity Index | SRFXON3 | Swiss Overnight Rate Average (6PM) | |||||
| CMDSKEWLS | CBEO SKEW Index is an index derived from the price of S&P 500 tail risk | JY0003M | 3 Month JPY-LIBOR | TSFR1M | Term SOFR 1-Month | |||||
| CNREPOFIX | China Fixing Repo Rates 7-Day | MLPIREIL | Merrill Lynch Custom Equity Index | TSFR3M | Term SOFR 3-Month | |||||
| CORRA | Canadian Overnight Repo Rate Average | MLPIREIS | Merrill Lynch Custom Equity Index | TSFR6M | Term SOFR 6-Month | |||||
| CPALEMU | Euro Area All Items Non-Seasonally Adjusted Index | MSMMUSTF | MSILF Money Market US Treasury Fund Index | UKRPI | United Kingdom Retail Prices Index | |||||
| CPI | Consumer Price Index | MUNIPSA | Securities Industry and Financial Markets Association (SIFMA) Municipal Swap Index | ULSD | Ultra-Low Sulfur Diesel | |||||
| CPTFEMU | Eurozone HICP ex-Tobacco Index | MUTKCALM | Tokyo Overnight Average Rate | US0003M | ICE 3-Month USD LIBOR | |||||
| CPURNSA | Consumer Price All Urban Non-Seasonally Adjusted Index | NDDUEAFE | MSCI EAFE Index | WIRON | Warsaw Interbank Offered Rate | |||||
| Municipal Bond or Agency Abbreviations: |
||||||||||
| ACA | American Capital Access Holding Ltd. | CNTY | County Guaranteed | HUD | U.S. Department of Housing and Urban Development | |||||
| AGC | Assured Guaranty Corp. | CR | Custodial Receipts | NPFGC | National Public Finance Guarantee Corp. | |||||
| AGM | Assured Guaranty Municipal | FHA | Federal Housing Administration | PSF | Public School Fund | |||||
| AMBAC | American Municipal Bond Assurance Corp. | FHLMC | Federal Home Loan Mortgage Corp. | Q-SBLF | Qualified School Bond Loan Fund | |||||
| BAM | Build America Mutual Assurance | FNMA | Federal National Mortgage Association | SGI | Syncora Guarantee, Inc. | |||||
| CM | California Mortgage Insurance | GNMA | Government National Mortgage Association | |||||||
| Other Abbreviations: |
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| ABS | Asset-Backed Security | JIBAR | Johannesburg Interbank Agreed Rate | REMIC | Real Estate Mortgage Investment Conduit | |||||
| ALT | Alternate Loan Trust | JSC | Joint Stock Company | RMBS | Residential Mortgage-Backed Security | |||||
| BABs | Build America Bonds | KLIBOR | Kuala Lumpur Interbank Offered Rate | SPDR | Standard & Poor’s Depositary Receipts | |||||
| BBR | Bank Bill Rate | KORIBOR | Korea Interbank Offered Rate | STIBOR | Stockholm Interbank Offered Rate | |||||
| BBSW | Bank Bill Swap Reference Rate | Lunar | Monthly payment based on 28-day periods. One year consists of 13 periods. | TBA | To-Be-Announced | |||||
| BRL-CDI | Brazil Interbank Deposit Rate | MIBOR | Mumbai Interbank Offered Rate | TBD | To-Be-Determined | |||||
| BTP | Buoni del Tesoro Poliennali “Long-term Treasury Bond” | MSCI | Morgan Stanley Capital International | TBD% | Interest rate to be determined when loan settles or at the time of funding | |||||
| CDO | Collateralized Debt Obligation | NIBOR | Norwegian Interbank Offered Rate | TELBOR | Tel Aviv Inter-Bank Offered Rate | |||||
| CHILIBOR | Chile Interbank Offered Rate | OAT | Obligations Assimilables du Trésor | THBFIX | Thai Baht Floating-Rate Fix | |||||
| CLO | Collateralized Loan Obligation | OIS | Overnight Index Swap | THB-THOR | Thai Overnight Repurchase Rate | |||||
| CMBS | Collateralized Mortgage-Backed Security | PIK | Payment-in-Kind | TIIE | Tasa de Interés Interbancaria de Equilibrio “Equilibrium Interbank Interest Rate” | |||||
| DAC | Designated Activity Company | PRIBOR | Prague Interbank Offered Rate | WIBOR | Warsaw Interbank Offered Rate | |||||
| EURIBOR | Euro Interbank Offered Rate | RBOB | Reformulated Blendstock for Oxygenate Blending | WTI | West Texas Intermediate | |||||
| HIBOR | Hong Kong Interbank Offered Rate | REIT | Real Estate Investment Trust | |||||||