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Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio		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 91.8% ¤
LOAN PARTICIPATIONS AND ASSIGNMENTS 1.7%
B&G Foods, Inc.
7.144% (TSFR1M + 3.644%) due 10/10/2029 ~	$		319	$	315
Bausch Health Cos., Inc.
9.894% (TSFR1M + 3.644%) due 10/08/2030 ~			75		73
CoreWeave Financing DDTL V LLC
TBD% - 8.232% (TSFR3M + 3.732%) due 11/17/2031 ~µ			100		102
Finastra USA, Inc.
7.746% (TSFR6M + 3.751%) due 09/15/2032 ~			150		138
Ineos U.S. Finance LLC
6.894% (TSFR1M + 3.644%) due 02/18/2030 ~			68		63
Mercury Aggregator LP
TBD% due 04/03/2027 «			222		0
Renaissance Holding Corp.
7.663% (TSFR3M + 3.663%) due 04/05/2030 ~			249		198
Stepstone Group Midco 2 GmbH
8.176% - 8.179% (TSFR6M + 3.679%) due 12/19/2031 ~			513		416
TransDigm, Inc.
5.894% (TSFR1M + 3.644%) due 03/22/2030 ~			295		295
6.144% (TSFR1M + 3.644%) due 02/28/2031 ~			493		494
6.144% (TSFR1M + 3.644%) due 01/19/2032 ~			50		50
6.144% (TSFR1M + 3.644%) due 08/19/2032 ~			100		100
U.S. Renal Care, Inc.
8.758% (TSFR1M + 3.644%) due 06/28/2028 ~			348		343

Total Loan Participations and Assignments (Cost $2,912)					2,587

CORPORATE BONDS & NOTES 85.2%
BANKING & FINANCE 13.1%
Acrisure LLC/Acrisure Finance, Inc.
6.750% due 07/01/2032			200		180
7.500% due 11/06/2030			100		95
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
6.500% due 10/01/2031			525		524
7.000% due 01/15/2031			350		356
Allied Universal Holdco LLC/Allied Universal Finance Corp.
6.875% due 06/15/2030			225		231
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL
4.625% due 06/01/2028			275		271
AmWINS Group, Inc.
6.375% due 02/15/2029			325		327
Asurion LLC/Asurion Co-Issuer, Inc.
8.000% due 12/31/2032			442		446
8.375% due 02/01/2034			366		339
BGC Group, Inc.
8.000% due 05/25/2028			100		105
Black Pearl Compute LLC
6.125% due 02/15/2031			100		101
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC
4.500% due 04/01/2027			125		124
Burford Capital Global Finance LLC
6.250% due 04/15/2028			500		494
Coinbase Global, Inc.
3.375% due 10/01/2028			100		95
CRC Insurance Group LLC
7.125% due 06/01/2031			675		673
CrossCountry Intermediate HoldCo LLC
6.500% due 10/01/2030			100		99
Diversified Healthcare Trust
4.375% due 03/01/2031			275		252
7.250% due 10/15/2030			375		386
EF Holdco/EF Cayman Holdings/Ellington Financial REIT Cayman/TRS/EF Cayman Non-MTM
7.375% due 09/30/2030			125		125
Encore Capital Group, Inc.
6.625% due 04/15/2031			100		101
8.500% due 05/15/2030			350		372
First Eagle Holdings, Inc.
7.250% due 08/15/2032			75		76
Focus Financial Partners LLC
6.750% due 09/15/2031			125		126
Freedom Mortgage Corp.
6.625% due 01/15/2027			800		800


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

	$		$
Freedom Mortgage Holdings LLC
6.875% due 05/01/2031		550		534
9.250% due 02/01/2029		125		130
FS KKR Capital Corp.
6.125% due 01/15/2031		125		120
7.500% due 08/01/2031		250		249
FTAI Aviation Investors LLC
5.500% due 05/01/2028		50		50
7.000% due 05/01/2031		450		466
Howard Hughes Corp.
5.875% due 03/01/2032		50		50
HUB International Ltd.
7.250% due 06/15/2030		425		436
7.375% due 01/31/2032		75		76
Hudson Pacific Properties LP
5.950% due 02/15/2028		200		198
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
5.250% due 05/15/2027		100		99
9.000% due 06/15/2030		50		47
9.750% due 01/15/2029		50		49
10.000% due 11/15/2029		275		272
ION Platform Finance U.S., Inc.
7.875% due 09/30/2032		500		363
Iron Mountain Information Management Services, Inc.
5.000% due 07/15/2032		375		361
Iron Mountain, Inc.
4.875% due 09/15/2027		175		175
5.250% due 03/15/2028		50		50
5.250% due 07/15/2030		50		49
5.625% due 07/15/2032		175		173
6.250% due 01/15/2035		125		126
7.000% due 02/15/2029		125		127
Jane Street Group/JSG Finance, Inc.
4.500% due 11/15/2029		325		317
6.125% due 11/01/2032		150		150
6.750% due 05/01/2033		450		463
7.125% due 04/30/2031		275		284
Jefferies Finance LLC/JFIN Co-Issuer Corp.
5.000% due 08/15/2028		125		121
Jefferson Capital Holdings LLC
9.500% due 02/15/2029		100		105
Millrose Properties, Inc.
6.250% due 09/15/2032		175		177
6.375% due 08/01/2030		175		177
MPT Operating Partnership LP/MPT Finance Corp.
8.500% due 02/15/2032		175		179
Navient Corp.
5.000% due 03/15/2027		200		199
9.375% due 10/15/2031		25		25
Newmark Group, Inc.
7.500% due 01/12/2029		550		577
Nissan Motor Acceptance Co. LLC
1.850% due 09/16/2026		50		50
5.625% due 09/29/2028		156		156
6.125% due 09/30/2030		400		394
6.950% due 09/15/2026		75		75
OneMain Finance Corp.
3.500% due 01/15/2027		75		74
6.125% due 05/15/2030		925		926
7.500% due 05/15/2031		150		155
Osaic Holdings, Inc.
6.750% due 08/01/2032		50		50
Panama Infrastructure Receivable Purchaser PLC
0.000% due 04/05/2032 (e)		150		122
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer
4.875% due 05/15/2029		225		220
Pebblebrook Hotel LP/PEB Finance Corp.
6.375% due 10/15/2029		150		153
PennyMac Financial Services, Inc.
5.750% due 09/15/2031		175		166
7.125% due 11/15/2030		225		228
7.875% due 12/15/2029		100		104
PRA Group, Inc.
8.875% due 01/31/2030		25		26
Rfna LP
7.875% due 02/15/2030		75		76
RHP Hotel Properties LP/RHP Finance Corp.
6.500% due 04/01/2032		350		358
6.500% due 06/15/2033		25		26
RLJ Lodging Trust LP
3.750% due 07/01/2026		50		50
4.000% due 09/15/2029		175		167
Rocket Cos., Inc.
6.125% due 08/01/2030		225		229
6.125% due 08/01/2031		275		281


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

	$		$
Service Properties Trust
0.000% due 09/30/2028 (e)		275		255
SLM Corp.
6.495% due 05/15/2032 •		200		200
6.500% due 01/31/2030		25		25
Starwood Property Trust, Inc.
4.375% due 01/15/2027		25		25
6.000% due 04/15/2030		75		75
6.125% due 06/01/2031		500		503
6.500% due 07/01/2030		125		128
6.500% due 10/15/2030		75		77
Stingray Compute LLC
6.000% due 06/15/2031		100		100
Stonepeak Motion Holdco Ltd./Stonepeak Motion Finco LLC
6.125% due 07/15/2033 (a)		100		100
United Wholesale Mortgage LLC
5.750% due 06/15/2027		25		25
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC
6.000% due 01/15/2030		25		24
UWM Holdings LLC
6.250% due 03/15/2031		125		112
VFH Parent LLC/Valor Co-Issuer, Inc.
7.500% due 06/15/2031		150		157
Vornado Realty LP
3.400% due 06/01/2031		100		92
5.750% due 02/01/2033		100		100
WS Escrow LLC
7.750% due 06/01/2033		125		128
WULF Compute LLC
7.750% due 10/15/2030		200		210
XHR LP
6.625% due 05/15/2030		75		77

				20,171

INDUSTRIALS 67.4%
1011778 BC ULC/New Red Finance, Inc.
4.000% due 10/15/2030		690		652
1261229 BC Ltd.
10.000% due 04/15/2032		825		836
A&K Travel Group Holdings Ltd.
7.500% due 05/15/2033		125		126
Academy Ltd.
5.875% due 05/15/2031		100		100
Acadia Healthcare Co., Inc.
5.000% due 04/15/2029		25		25
ADI Escrow Issuer LLC
7.125% due 07/15/2034		100		102
ADT Security Corp.
4.125% due 08/01/2029		400		384
5.875% due 10/15/2033		225		221
Advance Auto Parts, Inc.
3.500% due 03/15/2032		95		84
7.000% due 08/01/2030		195		200
7.375% due 08/01/2033		175		182
Advanced Drainage Systems, Inc.
5.375% due 03/01/2034		50		49
Advantage Sales & Marketing, Inc.
9.000% due 11/15/2030		47		42
Ahlstrom Holding 3 OYJ
4.875% due 02/04/2028		425		421
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC
5.625% due 03/31/2032		50		48
5.750% due 03/31/2034		225		215
Albion Financing 1 SARL/Aggreko Holdings, Inc.
7.000% due 05/21/2030		425		440
Allied Universal Holdco LLC
7.875% due 02/15/2031		325		340
Allison Transmission, Inc.
3.750% due 01/30/2031		225		211
Altice France SA
9.500% due 11/01/2029		95		97
Alumina Pty. Ltd.
6.125% due 03/15/2030		275		280
AMC Global Media, Inc.
10.500% due 07/15/2032		212		218
Amentum Holdings, Inc.
7.250% due 08/01/2032		125		129
American Airlines Pass-Through Trust
3.375% due 11/01/2028		45		44
American Airlines, Inc./AAdvantage Loyalty IP Ltd.
5.750% due 04/20/2029		800		802
American Axle & Manufacturing, Inc.
5.000% due 10/01/2029		25		24
6.875% due 07/01/2028		8		8
7.750% due 10/15/2033		25		25


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

	$		$
American Builders & Contractors Supply Co., Inc.
3.875% due 11/15/2029		225		215
4.000% due 01/15/2028		275		271
APi Group DE, Inc.
4.125% due 07/15/2029		275		264
5.750% due 06/01/2034		150		149
APLD ComputeCo 2 LLC
6.750% due 03/15/2031		400		402
APLD ComputeCo 3 LLC
7.000% due 06/15/2031		150		150
APLD ComputeCo LLC
9.250% due 12/15/2030		75		81
Aramark Services, Inc.
5.000% due 02/01/2028		250		250
Arcosa, Inc.
6.875% due 08/15/2032		150		157
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
3.250% due 09/01/2028		100		96
6.250% due 01/30/2031		50		51
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
6.625% due 10/15/2032		275		279
Ashton Woods USA LLC/Ashton Woods Finance Co.
6.875% due 08/01/2033		100		99
ATI, Inc.
5.875% due 06/15/2033		125		127
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.
4.750% due 04/01/2028		275		271
5.375% due 03/01/2029		75		74
5.750% due 07/15/2027		39		39
8.000% due 02/15/2031		125		126
Axon Enterprise, Inc.
6.125% due 03/15/2030		150		153
6.250% due 03/15/2033		225		231
B&G Foods, Inc.
8.000% due 09/15/2028		325		326
11.000% due 06/15/2031		100		92
Ball Corp.
3.125% due 09/15/2031		25		23
Bath & Body Works, Inc.
6.750% due 07/01/2036		75		75
6.875% due 11/01/2035		200		205
Bausch & Lomb Corp.
8.375% due 10/01/2028		375		386
Beach Acquisition Bidco LLC (10.000% Cash or 10.750% PIK)
10.000% due 07/15/2033 (b)		225		256
Beacon Mobility Corp.
7.250% due 08/01/2030		175		182
Beazer Homes USA, Inc.
8.000% due 01/15/2032		150		151
Beignet Investor LLC
6.581% due 05/30/2049		300		306
BioMarin Pharmaceutical, Inc.
5.500% due 02/15/2034		25		25
BKV Upstream Midstream LLC
7.500% due 10/15/2030		50		50
Block, Inc.
5.625% due 08/15/2030		175		176
6.000% due 08/15/2033		175		176
6.500% due 05/15/2032		250		255
Bombardier, Inc.
5.875% due 01/15/2035		275		276
8.750% due 11/15/2030		200		212
Bond U.S. Bidco 1, Inc./Bidco 2/Bidco 3/German Bidco 1 GmbH/German Bidco 2
7.125% due 06/15/2033		225		227
Borr IHC Ltd./Borr Finance LLC
8.750% due 01/15/2032		325		318
9.000% due 01/15/2034		150		145
Boyd Gaming Corp.
4.750% due 12/01/2027		75		75
Brink’s Co.
4.625% due 10/15/2027		75		75
Builders FirstSource, Inc.
4.250% due 02/01/2032		575		536
6.750% due 05/15/2035		175		179
BWX Technologies, Inc.
4.125% due 06/30/2028		250		245
4.125% due 04/15/2029		150		145
CACI International, Inc.
6.375% due 06/15/2033		100		101
Caesars Entertainment, Inc.
6.500% due 02/15/2032		300		293
Canada Cartage Corp.
9.750% due 05/08/2031		125		121
Canpack Group, Inc./CANPACK SA
6.000% due 05/15/2031		300		302


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

	$		$
Carnival Corp. Ltd.
5.125% due 05/01/2029		200		200
5.750% due 08/01/2032		550		556
5.875% due 06/15/2031		200		204
Carpenter Technology Corp.
5.625% due 03/01/2034		175		175
Cars.com, Inc.
6.375% due 11/01/2028		25		25
Carvana Co.
9.000% due 06/01/2030		200		207
9.000% due 06/01/2031		154		170
Caturus Energy LLC
7.125% due 05/15/2031		50		50
CCO Holdings LLC/CCO Holdings Capital Corp.
4.250% due 01/15/2034		50		42
4.500% due 05/01/2032		300		265
4.750% due 02/01/2032		400		357
5.000% due 02/01/2028		75		74
5.125% due 05/01/2027		31		31
7.000% due 02/01/2033		325		319
7.375% due 02/01/2036		125		123
Celanese U.S. Holdings LLC
6.500% due 04/15/2030		300		306
Centene Corp.
2.450% due 07/15/2028		75		71
2.500% due 03/01/2031		50		44
3.000% due 10/15/2030		75		68
3.375% due 02/15/2030		400		373
4.625% due 12/15/2029		150		146
Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.
8.000% due 06/15/2029		125		81
Central Parent, Inc./CDK Global, Inc.
7.250% due 06/15/2029		50		33
Cerdia Finanz GmbH
9.375% due 10/03/2031		100		90
Champ Acquisition Corp.
8.375% due 12/01/2031		50		52
Charlotte Buyer, Inc.
8.000% due 06/30/2031		100		101
Chart Industries, Inc.
9.500% due 01/01/2031		50		52
Chobani LLC/Chobani Finance Corp., Inc.
4.625% due 11/15/2028		75		74
Chord Energy Corp.
6.750% due 03/15/2033		225		228
CHS/Community Health Systems, Inc.
5.250% due 05/15/2030		425		401
6.125% due 04/01/2030		100		90
6.875% due 04/15/2029		75		74
9.750% due 01/15/2034		450		470
10.875% due 01/15/2032		159		171
Churchill Downs, Inc.
6.750% due 05/01/2031		325		331
Cimpress PLC
7.375% due 09/15/2032		100		101
Cipher Compute LLC
7.125% due 11/15/2030		50		52
Clarios Global LP/Clarios U.S. Finance Co.
6.750% due 02/15/2030		50		52
Clarivate Science Holdings Corp.
4.875% due 07/01/2029		125		112
Cleveland-Cliffs, Inc.
7.000% due 03/15/2032		325		323
7.500% due 09/15/2031		215		218
Cloud Software Group, Inc.
6.500% due 03/31/2029		750		728
8.250% due 06/30/2032		550		516
Clydesdale Acquisition Holdings, Inc.
6.750% due 04/15/2032		225		219
6.875% due 01/15/2030		475		474
CNX Midstream Partners LP
4.750% due 04/15/2030		200		191
CNX Resources Corp.
7.250% due 03/01/2032		75		77
Cogent Communications Group LLC/Cogent Finance, Inc.
6.500% due 07/01/2032		375		338
7.000% due 06/15/2027		175		173
Coherent Corp.
5.000% due 12/15/2029		425		419
Columbus McKinnon Corp.
7.125% due 02/01/2033		275		276
Commercial Metals Co.
3.875% due 02/15/2031		25		23
4.375% due 03/15/2032		50		47
5.750% due 11/15/2033		175		174


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

	$		$
CompoSecure Holdings LLC
5.625% due 02/01/2033		100		98
Comstock Resources, Inc.
5.875% due 01/15/2030		125		118
6.750% due 03/01/2029		325		319
Connect Holding II LLC
10.500% due 04/03/2031		400		401
Consolidated Energy Finance SA
5.625% due 10/15/2028		50		48
12.000% due 02/15/2031		25		26
Cooper-Standard Automotive, Inc.
9.250% due 03/01/2031		125		126
Core & Main LP
6.000% due 07/01/2034 (a)		150		151
Core Scientific Finance I LLC
7.750% due 05/15/2031		450		457
CoreWeave, Inc.
9.000% due 02/01/2031		350		346
9.250% due 06/01/2030		200		201
9.625% due 07/15/2032		200		197
9.750% due 10/01/2031		450		449
CQP Holdco LP/BIP-V Chinook Holdco LLC
5.500% due 06/15/2031		350		344
Crescent Energy Finance LLC
7.375% due 01/15/2033		225		224
7.625% due 04/01/2032		50		50
7.875% due 04/15/2032		25		25
8.375% due 01/15/2034		175		180
Crowdstrike Holdings, Inc.
3.000% due 02/15/2029		300		286
Crown Americas LLC
5.875% due 06/01/2033		150		151
CVR Energy, Inc.
7.500% due 02/15/2031		100		100
7.875% due 02/15/2034		50		50
Cyprium Corp./Cyprium Holdings Luxembourg SARL
6.125% due 04/15/2031		75		75
6.375% due 04/15/2034		75		75
Danaos Corp.
6.875% due 10/15/2032		50		52
DaVita, Inc.
6.750% due 07/15/2033		475		490
6.875% due 09/01/2032		100		103
Delek Logistics Partners LP/Delek Logistics Finance Corp.
6.875% due 06/01/2034		250		249
Deluxe Corp.
8.125% due 09/15/2029		50		52
Diebold Nixdorf, Inc.
7.750% due 03/31/2030		75		78
Directv Financing LLC
8.875% due 02/01/2030		25		25
Directv Financing LLC/Directv Financing Co-Obligor, Inc.
9.250% due 06/01/2032		300		305
Discovery Communications LLC
3.625% due 05/15/2030		75		70
3.950% due 03/20/2028		150		148
Discovery Global Holdings, Inc.
3.755% due 03/15/2027		100		99
4.054% due 03/15/2029		150		149
4.279% due 03/15/2032		275		247
5.050% due 03/15/2042		475		349
5.141% due 03/15/2052		25		17
DISH Network Corp.
11.750% due 11/15/2027		300		308
Dorman Products, Inc.
6.250% due 06/15/2034		50		51
EchoStar Corp.
10.750% due 11/30/2029		575		622
EchoStar Corp. (6.750% Cash or 6.750% PIK)
6.750% due 11/30/2030 (b)		250		254
Efesto Bidco SpA Efesto U.S. LLC
7.500% due 02/15/2032		275		275
ELK Grove Village Property LLC
7.500% due 06/15/2031		100		101
Ellucian Holdings, Inc.
6.500% due 12/01/2029		175		170
EMRLD Borrower LP/Emerald Co-Issuer, Inc.
6.625% due 12/15/2030		150		154
Encompass Health Corp.
4.500% due 02/01/2028		25		25
5.875% due 06/01/2034		200		200
Energizer Holdings, Inc.
4.750% due 06/15/2028		25		25
EquipmentShare.com, Inc.
7.125% due 07/01/2034 (a)		325		320
8.625% due 05/15/2032		25		26
9.000% due 05/15/2028		25		26


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

		$		$
Esab Corp.
5.625% due 04/01/2031			125		125
Excelerate Energy LP
8.000% due 05/15/2030			275		290
Fair Isaac Corp.
4.000% due 06/15/2028			125		122
6.250% due 09/15/2034			375		370
Fibercop SpA
6.000% due 09/30/2034			25		24
6.375% due 11/15/2033			125		125
7.200% due 07/18/2036			250		257
Fiesta Purchaser, Inc.
7.875% due 03/01/2031			50		50
First Student Bidco, Inc./First Transit Parent, Inc.
4.000% due 07/31/2029			325		311
FMC Corp.
6.375% due 05/18/2053			75		59
8.000% due 06/01/2031			250		260
Fortescue Treasury Pty. Ltd.
4.375% due 04/01/2031			45		43
4.500% due 09/15/2027			200		199
5.875% due 04/15/2030			63		64
6.125% due 04/15/2032			60		62
Fortress Intermediate 3, Inc.
7.500% due 06/01/2031			419		426
Froneri Lux FinCo SARL
6.000% due 08/01/2032			150		147
Gaia Purchaser, Inc.
7.625% due 07/15/2033 (a)			150		152
Gap, Inc.
3.625% due 10/01/2029			400		377
GB AIT Buyer, Inc.
8.750% due 04/30/2034			50		50
Gen Digital, Inc.
6.250% due 04/01/2033			75		74
7.125% due 09/30/2030			75		76
GFL Environmental, Inc.
4.000% due 08/01/2028			100		98
4.375% due 08/15/2029			375		365
Global Infrastructure Solutions, Inc.
6.375% due 07/15/2034 (a)			250		252
Global Medical Response, Inc.
7.375% due 10/01/2032			100		104
Global Partners LP/GLP Finance Corp.
7.125% due 07/01/2033			50		51
8.250% due 01/15/2032			100		105
Goat Holdco LLC
6.750% due 02/01/2032			475		487
goeasy Ltd.
6.875% due 02/15/2031			50		44
7.375% due 10/01/2030			150		135
9.250% due 12/01/2028			50		49
Golar LNG Ltd.
7.500% due 10/02/2030			125		127
Goodyear Tire & Rubber Co.
5.000% due 07/15/2029			25		24
5.250% due 07/15/2031			25		22
5.625% due 04/30/2033			25		22
8.875% due 07/15/2032			100		101
Graham Holdings Co.
5.625% due 12/01/2033			150		149
Granite Construction, Inc.
6.375% due 06/15/2034			75		76
Graphic Packaging International LLC
4.750% due 07/15/2027			25		25
Gray Media, Inc.
5.375% due 11/15/2031			225		151
9.625% due 07/15/2032			150		145
10.500% due 07/15/2029			68		72
Griffon Corp.
5.750% due 03/01/2028			250		250
GSG Bidco Ltd.
5.375% due 06/15/2036	EUR		175		198
Gulfport Energy Operating Corp.
6.750% due 09/01/2029	$		75		77
HealthEquity, Inc.
4.500% due 10/01/2029			75		73
Hertz Corp.
12.625% due 07/15/2029			75		61
Hess Midstream Operations LP
5.875% due 03/01/2028			75		76
Hilton Domestic Operating Co., Inc.
3.625% due 02/15/2032			800		733
Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc.
4.875% due 07/01/2031			300		282


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

	$		$
Howard Midstream Energy Partners LLC
7.375% due 07/15/2032		150		155
Hybar LLC
7.375% due 07/01/2034		100		101
IHO Verwaltungs GmbH
7.375% due 05/15/2033		25		26
IHO Verwaltungs GmbH (6.375% Cash or 7.125% PIK)
6.375% due 05/15/2029 (b)		50		51
IHO Verwaltungs GmbH (7.750% Cash or 8.500% PIK)
7.750% due 11/15/2030 (b)		25		26
IHO Verwaltungs GmbH (8.000% Cash or 8.750% PIK)
8.000% due 11/15/2032 (b)		75		78
Industrial F&B Investments III, Inc.
7.750% due 02/11/2033		350		357
INEOS Finance PLC
6.750% due 05/15/2028		75		75
7.500% due 04/15/2029		100		97
INEOS Quattro Finance 2 PLC
9.625% due 03/15/2029		50		47
Ingevity Corp.
3.875% due 11/01/2028		850		824
Ingram Micro, Inc.
4.750% due 05/15/2029		225		221
Installed Building Products, Inc.
5.625% due 02/01/2034		75		75
Insulet Corp.
6.500% due 04/01/2033		150		152
IQVIA, Inc.
6.250% due 06/01/2032		150		153
JetBlue Airways Corp./JetBlue Loyalty LP
9.875% due 09/20/2031		450		408
Kaiser Aluminum Corp.
4.500% due 06/01/2031		50		48
KBR, Inc.
4.750% due 09/30/2028		75		74
Kedrion SpA
6.500% due 09/01/2029		150		148
KeHE Distributors LLC/KeHE Finance Corp./NextWave Distribution, Inc.
7.125% due 04/30/2033		75		76
Kodiak Gas Services LLC
5.875% due 04/01/2031		150		150
Kraken Oil & Gas Partners LLC
7.125% due 05/15/2031		200		196
7.625% due 08/15/2029		75		76
Lamar Media Corp.
5.375% due 11/01/2033		125		123
Lamb Weston Holdings, Inc.
4.875% due 05/15/2028		125		124
LBM Acquisition LLC
6.250% due 01/15/2029		475		346
9.500% due 06/15/2031		150		134
Level 3 Financing, Inc.
6.875% due 06/30/2033		225		231
7.000% due 03/31/2034		250		258
7.500% due 02/15/2037		375		385
LifePoint Health, Inc.
7.000% due 05/01/2034		275		264
8.375% due 02/15/2032		75		78
9.875% due 08/15/2030		100		105
10.000% due 06/01/2032		75		75
Light & Wonder International, Inc.
7.500% due 09/01/2031		100		104
Lithia Motors, Inc.
4.625% due 12/15/2027		100		100
Live Nation Entertainment, Inc.
3.750% due 01/15/2028		200		196
Lsf12 Helix Parent LLC
7.125% due 02/01/2033		75		73
Madison IAQ LLC
4.125% due 06/30/2028		225		222
Masterbrand, Inc.
7.000% due 07/15/2032		75		76
Matador Resources Co.
6.250% due 04/15/2033		475		474
6.500% due 04/15/2032		100		101
Match Group Holdings II LLC
3.625% due 10/01/2031		150		135
5.000% due 12/15/2027		225		224
Mauser Packaging Solutions Holding Co.
7.875% due 04/15/2030		300		307
McGraw-Hill Education, Inc.
5.750% due 08/01/2028		125		125
7.375% due 09/01/2031		225		229
Meridian Arc Holdco LLC
6.250% due 04/30/2031		389		390


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

	$		$
Merlin Entertainments Group U.S. Holdings, Inc.
7.375% due 02/15/2031		100		84
Michaels Cos., Inc.
8.500% due 03/15/2033		375		372
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.
4.875% due 05/01/2029		275		268
Mineral Resources Ltd.
6.000% due 05/01/2032		200		198
6.250% due 05/01/2034		150		148
7.000% due 04/01/2031		125		129
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC
6.750% due 04/01/2032		75		74
MIWD Holdco II LLC/MIWD Finance Corp.
5.500% due 02/01/2030		50		47
Molina Healthcare, Inc.
3.875% due 11/15/2030		25		23
3.875% due 05/15/2032		50		45
4.375% due 06/15/2028		100		98
6.500% due 02/15/2031		75		76
Moss Creek Resources Holdings, Inc.
8.250% due 09/01/2031		25		25
Motion Finco SARL
8.375% due 02/15/2032		75		63
Murphy Oil Corp.
5.875% due 12/01/2042		50		45
6.500% due 02/15/2034		50		50
Murphy Oil USA, Inc.
3.750% due 02/15/2031		150		140
Nabors Industries, Inc.
7.625% due 11/15/2032		475		486
National Mentor Holdings, Inc.
10.500% due 12/15/2030		350		369
NCL Corp. Ltd.
6.750% due 02/01/2032		350		349
NCR Atleos Corp.
9.500% due 04/01/2029		175		187
Neptune Bidco U.S., Inc.
9.290% due 04/15/2029		300		306
9.500% due 02/15/2033		175		177
10.375% due 05/15/2031		175		182
Nexstar Media, Inc.
6.500% due 09/15/2033		300		300
7.250% due 04/15/2034		250		250
Nissan Motor Co. Ltd.
4.345% due 09/17/2027		100		98
4.810% due 09/17/2030		40		37
7.750% due 07/17/2032		100		104
8.125% due 07/17/2035		50		53
Noble Finance II LLC
6.250% due 06/15/2034		100		98
8.000% due 04/15/2030		432		448
Nordstrom, Inc.
5.000% due 01/15/2044		200		141
Northriver Midstream Finance LP
6.750% due 07/15/2032		175		177
NOVA Chemicals Corp.
4.250% due 05/15/2029		150		146
7.000% due 12/01/2031		175		184
Novelis Corp.
4.750% due 01/30/2030		125		121
6.875% due 01/30/2030		90		92
NuStar Logistics LP
6.375% due 10/01/2030		250		258
OAK-Eagle Acquireco, Inc.
7.250% due 07/01/2033		325		340
8.750% due 07/01/2034		300		319
Olin Corp.
6.625% due 04/01/2033		200		198
Olympus Water U.S. Holding Corp.
4.250% due 10/01/2028		300		291
6.750% due 08/01/2032		150		147
OneSky Flight LLC
8.875% due 12/15/2029		75		79
Ontario Gaming GTA LP/OTG Co-Issuer, Inc.
8.000% due 08/01/2030		50		50
Opal Bidco SAS
6.500% due 03/31/2032		250		255
Open Text Holdings, Inc.
4.125% due 02/15/2030		350		321
4.125% due 12/01/2031		75		66
Option Care Health, Inc.
4.375% due 10/31/2029		50		48
Organon & Co./Organon Foreign Debt Co-Issuer BV
4.125% due 04/30/2028		175		173
6.750% due 05/15/2034		275		290


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

	$		$
Outfront Media Capital LLC/Outfront Media Capital Corp.
6.000% due 06/15/2034		225		225
Par Petroleum LLC
7.375% due 06/01/2034		75		76
Paradigm Parent LLC & Paradigm Parent Co-Issuer, Inc.
8.750% due 04/17/2032		75		67
Paramount Global
3.375% due 02/15/2028		25		24
3.700% due 06/01/2028		150		146
4.200% due 06/01/2029		75		72
4.200% due 05/19/2032		75		65
4.375% due 03/15/2043		125		81
4.600% due 01/15/2045		250		159
4.850% due 07/01/2042		50		34
4.900% due 08/15/2044		250		165
4.950% due 01/15/2031		150		139
5.250% due 04/01/2044		50		34
5.850% due 09/01/2043		175		131
6.875% due 04/30/2036		75		70
7.875% due 07/30/2030		25		26
Park River Holdings, Inc.
8.000% due 03/15/2031		50		50
Performance Food Group, Inc.
4.250% due 08/01/2029		54		52
5.625% due 03/01/2034		350		344
Permian Resources Operating LLC
5.875% due 07/01/2029		100		100
7.000% due 01/15/2032		500		517
Perrigo Finance Unlimited Co.
4.900% due 12/15/2044		250		184
5.150% due 06/15/2030		100		96
6.125% due 09/30/2032		25		24
Petco Health & Wellness Co., Inc.
8.250% due 02/01/2031		25		25
Petroleos de Venezuela SA
5.375% due 04/12/2027 ^(c)		1,250		461
5.500% due 04/12/2037 ^(c)		1,250		459
Pioneer Opco LLC
7.000% due 05/15/2033		75		76
PLS Group Ltd.
6.875% due 05/01/2031		25		26
Post Holdings, Inc.
4.500% due 09/15/2031		150		141
4.625% due 04/15/2030		175		169
6.250% due 10/15/2034		675		664
Precision Drilling Corp.
6.875% due 01/15/2029		25		25
Prime Healthcare Services, Inc.
9.375% due 09/01/2029		175		183
Primo Water Holdings, Inc./Triton Water Holdings, Inc.
4.375% due 04/30/2029		225		220
6.250% due 04/01/2029		200		201
PTC, Inc.
4.000% due 02/15/2028		200		196
Qnity Electronics, Inc.
5.750% due 08/15/2032		175		176
6.250% due 08/15/2033		25		25
Quikrete Holdings, Inc.
6.375% due 03/01/2032		400		409
6.750% due 03/01/2033		175		178
QXO Building Products, Inc.
6.500% due 07/15/2031		150		153
6.750% due 04/30/2032		375		387
6.875% due 07/15/2034		175		180
Radiology Partners, Inc.
8.500% due 07/15/2032		50		52
Rain Carbon, Inc.
12.250% due 09/01/2029		50		53
Rakuten Group, Inc.
8.125% due 12/15/2029 •(f)		50		51
9.750% due 04/15/2029		325		353
11.250% due 02/15/2027		200		207
Rand Parent LLC
8.500% due 02/15/2030		100		104
Raven Acquisition Holdings LLC
6.875% due 11/15/2031		450		440
RB Global Holdings, Inc.
7.750% due 03/15/2031		25		26
Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp.
6.625% due 02/01/2033		25		25
Rivian Holdings LLC/Rivian LLC/Rivian Automotive LLC
10.000% due 01/15/2031		275		274
Road Michigan Property Owner I LLC
7.500% due 03/30/2045		500		499
ROBLOX Corp.
3.875% due 05/01/2030		225		213


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

	$		$
Rockies Express Pipeline LLC
6.750% due 03/15/2033		75		77
Rogers Communications, Inc.
6.875% due 07/31/2056 •		25		25
7.000% due 04/15/2055 •		25		26
7.125% due 04/15/2055 •		25		26
Roller Bearing Co. of America, Inc.
4.375% due 10/15/2029		150		146
RR Donnelley & Sons Co.
9.500% due 08/01/2029		125		130
Ryan Specialty LLC
5.875% due 08/01/2032		125		123
Sabre GLBL, Inc.
10.750% due 11/15/2029		136		131
10.750% due 03/15/2030		89		85
Science Applications International Corp.
5.875% due 11/01/2033		225		222
SCIH Salt Holdings, Inc.
4.875% due 05/01/2028		125		123
Seadrill Finance Ltd.
8.375% due 08/01/2030		450		472
Seagate Data Storage Technology Pte. Ltd.
4.091% due 06/01/2029		225		219
Service Corp. International
3.375% due 08/15/2030		275		255
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed
4.625% due 03/01/2029		1,000		967
Sirius XM Radio LLC
3.125% due 09/01/2026		175		175
3.875% due 09/01/2031		725		659
4.125% due 07/01/2030		100		94
5.000% due 08/01/2027		183		183
5.875% due 04/15/2032		375		371
Six Flags Entertainment Corp./Canada’s Wonderland Co./Millennium Operations LLC
8.625% due 01/15/2032		100		103
SK Invictus Intermediate II SARL
5.000% due 10/30/2029		75		74
Skeena Resources Ltd.
8.500% due 04/01/2031		50		53
SM Energy Co.
6.625% due 04/15/2034		75		74
6.750% due 08/01/2029		25		25
7.000% due 08/01/2032		225		227
8.750% due 07/01/2031		200		209
9.625% due 06/15/2033		125		137
Smyrna Ready Mix Concrete LLC
6.000% due 11/01/2028		95		95
Snap, Inc.
6.875% due 03/01/2033		325		317
6.875% due 03/15/2034		350		339
Solaris Energy Infrastructure LLC
6.375% due 05/15/2031		50		51
Sotheby’s
8.250% due 04/15/2031		100		100
Specialty Building Products Holdings LLC/SBP Finance Corp.
7.750% due 10/15/2029		125		115
Speedway Motorsports LLC/Speedway Funding II, Inc.
4.875% due 11/01/2027		96		95
SS&C Technologies, Inc.
6.500% due 06/01/2032		350		353
Stagwell Global LLC
5.625% due 08/15/2029		525		507
Standard Industries, Inc.
4.750% due 01/15/2028		50		50
Staples, Inc.
10.750% due 09/01/2029		175		167
Station Casinos LLC
4.500% due 02/15/2028		175		173
6.625% due 03/15/2032		300		305
Stonepeak Nile Parent LLC
7.250% due 03/15/2032		100		104
Sunoco LP
4.500% due 10/01/2029		25		24
5.625% due 03/15/2031		150		149
6.625% due 08/15/2032		150		153
7.000% due 05/01/2029		150		154
7.250% due 05/01/2032		100		104
Sunoco LP/Sunoco Finance Corp.
4.500% due 05/15/2029		250		245
Surgery Center Holdings, Inc.
7.250% due 04/15/2032		200		203
SV RNO Property Owner 1 LLC
5.875% due 03/01/2031		100		99
Sword Purchaser LLC
8.250% due 04/15/2033		75		78


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

	$		$
Synergy Infrastructure Holdings LLC
7.000% due 07/15/2034		100		101
7.875% due 12/01/2030		50		52
Talos Production, Inc.
9.000% due 02/01/2029		75		78
Taylor Morrison Communities, Inc.
5.750% due 11/15/2032		75		77
Teleflex, Inc.
5.875% due 01/15/2032		75		76
Tenet Healthcare Corp.
5.500% due 11/15/2032		600		597
6.000% due 11/15/2033		75		76
TGS ASA
8.500% due 01/15/2030		400		421
Tidewater, Inc.
9.125% due 07/15/2030		100		107
TK Elevator U.S. Newco, Inc.
5.250% due 07/15/2027		200		200
TopBuild Corp.
3.625% due 03/15/2029		450		450
4.125% due 02/15/2032		425		430
Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC
9.500% due 05/15/2030		235		222
TransDigm, Inc.
6.000% due 01/15/2033		300		303
6.250% due 01/31/2034		75		77
6.375% due 03/01/2029		100		102
6.875% due 12/15/2030		500		514
7.125% due 12/01/2031		225		233
Transocean International Ltd.
7.875% due 10/15/2032		250		261
8.250% due 05/15/2029		200		207
8.500% due 05/15/2031		75		78
8.750% due 02/15/2030		18		18
Travel & Leisure Co.
6.125% due 09/01/2033		50		50
6.250% due 06/01/2031		325		327
Tutor Perini Corp.
6.625% due 07/15/2033 (a)		450		453
U.S. Acute Care Solutions LLC
9.750% due 05/15/2029		385		363
U.S. Foods, Inc.
5.750% due 04/15/2033		300		301
UKG, Inc.
6.875% due 02/01/2031		425		413
Unisys Corp.
10.625% due 01/15/2031		100		94
United Rentals North America, Inc.
3.750% due 01/15/2032		275		255
5.375% due 11/15/2033		100		99
6.125% due 03/15/2034		200		205
Uniti Services LLC
7.500% due 10/15/2033		225		237
Univision Communications, Inc.
8.500% due 07/31/2031		575		578
8.875% due 04/15/2033		150		148
9.375% due 08/01/2032		200		203
USA Compression Partners LP/USA Compression Finance Corp.
6.250% due 10/01/2033		50		50
Valaris Ltd.
8.375% due 04/30/2030		500		519
Vallourec SACA
7.500% due 04/15/2032		175		183
Valvoline, Inc.
3.625% due 06/15/2031		150		138
Venture Global Calcasieu Pass LLC
3.875% due 11/01/2033		500		446
4.125% due 08/15/2031		100		94
6.000% due 05/01/2036		275		278
Venture Global LNG, Inc.
6.375% due 12/15/2034		175		172
9.500% due 02/01/2029		1,400		1,508
9.875% due 02/01/2032		125		133
Venture Global Plaquemines LNG LLC
6.125% due 12/15/2030		575		589
6.500% due 01/15/2034		202		211
6.500% due 06/15/2034		250		261
6.750% due 01/15/2036		206		219
7.500% due 05/01/2033		275		302
Veritiv Operating Co.
10.500% due 11/30/2030		125		128
Versant Media Group, Inc.
7.250% due 01/30/2031		200		207
Vertiv Group Corp.
4.125% due 11/15/2028		125		124


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

	$		$
VF Corp.
2.950% due 04/23/2030		129		118
Victra Holdings LLC/Victra Finance Corp.
8.750% due 09/15/2029		100		103
Viking Cruises Ltd.
5.875% due 10/15/2033		700		701
7.000% due 02/15/2029		75		75
Virgin Media Finance PLC
5.000% due 07/15/2030		425		324
Virgin Media Secured Finance PLC
4.500% due 08/15/2030		600		510
Viridien
10.000% due 10/15/2030		75		80
VistaJet Malta Finance PLC/Vista Management Holding, Inc.
8.750% due 01/15/2032		150		149
9.500% due 06/01/2028		550		557
Vmed O2 U.K. Financing I PLC
7.750% due 04/15/2032		450		407
VOC Escrow Ltd.
5.000% due 02/15/2028		75		75
Voyager Parent LLC
9.250% due 07/01/2032		260		275
VZ Secured Financing BV
5.000% due 01/15/2032		75		66
7.500% due 01/15/2033		575		551
Wayfair LLC
7.125% due 05/31/2034		75		77
7.250% due 10/31/2029		134		138
7.750% due 09/15/2030		225		237
WBI Operating LLC
6.250% due 10/15/2030		150		151
Weatherford International Ltd.
6.750% due 10/15/2033		550		561
WEX, Inc.
6.500% due 03/15/2033		75		75
Whirlpool Corp.
6.125% due 06/15/2030		25		23
6.500% due 06/15/2033		100		87
Wildfire Intermediate Holdings LLC
7.500% due 10/15/2029		50		51
Williams Scotsman, Inc.
6.625% due 06/15/2029		225		230
Windstream Services LLC/Windstream Escrow Finance Corp.
8.250% due 10/01/2031		250		264
WR Grace Holdings LLC
5.625% due 08/15/2029		25		24
6.625% due 08/15/2032		300		291
7.000% due 08/01/2033		75		73
Wyndham Hotels & Resorts, Inc.
4.375% due 08/15/2028		125		123
5.625% due 03/01/2033		50		49
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
5.250% due 05/15/2027		475		475
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.
7.125% due 02/15/2031		750		793
XPLR Infrastructure Operating Partners LP
7.250% due 01/15/2029		25		26
8.625% due 03/15/2033		125		134
Yum! Brands, Inc.
4.625% due 01/31/2032		800		766
Zayo Group Holdings, Inc. (5.750% Cash and 0.500% PIK)
6.250% due 03/09/2030 (b)		61		61
ZF North America Capital, Inc.
6.750% due 04/23/2030		400		397
6.875% due 04/23/2032		25		25
7.500% due 03/24/2031		325		327
Ziggo BV
4.875% due 01/15/2030		350		329
ZoomInfo Technologies LLC/ZoomInfo Finance Corp.
3.875% due 02/01/2029		75		61

				104,043

UTILITIES 4.7%
AES Corp.
6.950% due 07/15/2055 •		275		272
7.600% due 01/15/2055 •		75		77
Aethon United BR LP/Aethon United Finance Corp.
7.500% due 10/01/2029		75		78
AmeriGas Partners LP/AmeriGas Finance Corp.
6.875% due 06/01/2031		125		127
ContourGlobal Power Holdings SA
6.750% due 02/28/2030		150		152
Electricite de France SA
9.125% due 03/15/2033 •(f)		225		261


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

	$		$
FORESEA Holding SA
7.500% due 06/15/2030		234		231
Genesis Energy LP/Genesis Energy Finance Corp.
6.750% due 03/15/2034		175		174
7.875% due 05/15/2032		200		206
8.000% due 05/15/2033		150		156
8.250% due 01/15/2029		150		155
Hilcorp Energy I LP/Hilcorp Finance Co.
6.000% due 04/15/2030		400		394
NGL Energy Operating LLC/NGL Energy Finance Corp.
8.125% due 02/15/2029		75		78
8.375% due 02/15/2032		75		78
NRG Energy, Inc.
3.375% due 02/15/2029		25		24
3.625% due 02/15/2031		150		139
5.750% due 07/15/2029		325		326
5.875% due 05/15/2034		275		274
6.000% due 02/01/2033		75		75
6.125% due 05/15/2036		300		300
PacifiCorp
7.125% due 08/15/2056 •		400		397
7.375% due 09/15/2055 •		150		152
Pattern Energy Operations LP/Pattern Energy Operations, Inc.
4.500% due 08/15/2028		100		98
PBF Holding Co. LLC/PBF Finance Corp.
7.250% due 06/01/2034		100		99
7.875% due 09/15/2030		200		204
9.875% due 03/15/2030		150		160
PG&E Corp.
6.850% due 09/15/2056 •		255		254
7.375% due 03/15/2055 •		100		102
PR RNO Property Owner 1 LLC
6.500% due 05/01/2031		600		600
Puget Energy, Inc.
7.000% due 09/15/2056 •		175		177
7.250% due 09/15/2056 •		75		77
Sierra Pacific Power Co.
6.375% due 09/15/2056 •		150		150
Talen Energy Supply LLC
6.250% due 02/01/2034		325		323
6.500% due 02/01/2036		25		25
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
6.000% due 09/01/2031		75		74
6.750% due 03/15/2034		75		76
TXNM Energy, Inc.
7.000% due 07/31/2056 •		175		177
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC
4.750% due 04/15/2028		300		299
8.625% due 06/15/2032		150		157
VoltaGrid LLC
7.375% due 11/01/2030		75		78

				7,256

Total Corporate Bonds & Notes (Cost $131,367)				131,470

U.S. TREASURY OBLIGATIONS 3.1%
U.S. Treasury Notes
3.375% due 09/15/2027		4,800		4,757
4.125% due 02/15/2036		45		44


Total U.S. Treasury Obligations (Cost $4,839)				4,801

		SHARES
COMMON STOCKS 1.2%
COMMUNICATION SERVICES 0.3%
Clear Channel Outdoor Holdings, Inc. (d)		163,228		395

FINANCIALS 0.6%
Amsurg Corp. (d)		78,042		72
Hipotecaria Su Casita SA «(d)		78,886		0
Rocket Cos., Inc. Class A (d)		48,114		758

				830

HEALTH CARE 0.0%
BONDHOLDCO Class A «(d)(h)		197,572		0
BONDHOLDCO Class B «(d)(h)		197,572		0
BONDHOLDCO Class C «(d)(h)		197,572		0
BONDHOLDCO Class D «(d)(h)		197,572		0
BONDHOLDCO Class E «(d)(h)		197,572		0
BONDHOLDCO Class F «(d)(h)		197,572		0


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

	$		$
BONDHOLDCO Class G «(d)(h)		197,572		0
BONDHOLDCO Class H «(d)(h)		197,572		0
BONDHOLDCO Class I «(d)(h)		197,572		0
BONDHOLDCO Class J «(d)(h)		197,572		0

				0

INDUSTRIALS 0.3%
Foresea Holdings SA «		22,653		519

Total Common Stocks (Cost $1,620)				1,744

WARRANTS 0.0%
ENERGY 0.0%
Constellation Oil Services Holding SA - Exp. 06/10/2071 «(h)		3		0

INDUSTRIALS 0.0%
Spirit Aviation Holdings, Inc. -Exp. 03/11/2035 «		7,451		0

Total Warrants (Cost $65)				0

PREFERRED SECURITIES 0.3%
BANKING & FINANCE 0.2%
First Citizens BancShares, Inc.
7.898% due 01/04/2027 (f)		350,000		350

UTILITIES 0.1%
Vistra Corp.
7.000% due 12/15/2026 •(f)		75,000		76

Total Preferred Securities (Cost $425)				426

SHORT-TERM INSTRUMENTS 0.3%
MUTUAL FUNDS 0.3%
State Street Institutional U.S. Government Money Market Fund, Premier Class
3.690% (g)		550,165		550

Total Short-Term Instruments (Cost $550)				550

Total Investments in Securities (Cost $141,778)				141,578

INVESTMENTS IN AFFILIATES 6.2%
COMMON STOCKS 0.1%
AFFILIATED INVESTMENTS 0.1%
Xfit Brands, Inc. «(d)		68,040,639		201

Total Common Stocks (Cost $4,074)				201

SHORT-TERM INSTRUMENTS 6.1%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 6.1%
PIMCO Short Asset Portfolio		32,523		320
PIMCO Short-Term Floating NAV Portfolio III		930,188		9,061

Total Short-Term Instruments (Cost $9,379)				9,381

Total Investments in Affiliates (Cost $13,453)				9,582

Total Investments 98.0% (Cost $155,231)			$	151,160
Financial Derivative Instruments (i)(j) 0.0%(Cost or Premiums, net $746)				(25	)
Other Assets and Liabilities, net 2.0%				3,075

Net Assets 100.0%			$	154,210


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (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).

µ	All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.

Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.

•	Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.

(a)

When-issued security.

(b)

Payment in-kind security.

(c)

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

(d)

Security did not produce income within the last twelve months.

(e)

Zero coupon security.

(f)

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

(g)

Coupon represents a 7-Day Yield.

(h)

RESTRICTED SECURITIES:


Issuer Description	Acquisition Date		Cost		Market Value		Market Value as Percentage of Net Assets
BONDHOLDCO Class A		03/09/2012 -05/01/2013	$	0	$	0		0.00	%
BONDHOLDCO Class B		03/09/2012 -05/01/2013		0		0		0.00
BONDHOLDCO Class C		03/09/2012 -05/01/2013		0		0		0.00
BONDHOLDCO Class D		03/09/2012 -05/01/2013		0		0		0.00
BONDHOLDCO Class E		03/09/2012 -05/01/2013		0		0		0.00
BONDHOLDCO Class F		03/09/2012 -05/01/2013		0		0		0.00
BONDHOLDCO Class G		03/09/2012 -05/01/2013		0		0		0.00
BONDHOLDCO Class H		03/09/2012 -05/01/2013		0		0		0.00
BONDHOLDCO Class I		03/09/2012 -05/01/2013		0		0		0.00
BONDHOLDCO Class J		03/09/2012 -05/01/2013		0		0		0.00
Constellation Oil Services Holding SA - Exp. 06/10/2071		06/10/2022		0		0		0.00

			$	0	$	0		0.00	%

BORROWINGS AND OTHER FINANCING TRANSACTIONS

The average amount of borrowings outstanding during the period ended June 30, 2026 was $(232) at a weighted average interest rate of 3.700%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.

(i)

FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED

FUTURES CONTRACTS:

LONG FUTURES CONTRACTS


										Variation Margin⁽¹⁾
Description	Expiration Month		# of Contracts		Notional Amount		Unrealized Appreciation/ (Depreciation)			Asset		Liability
CBOT 10 Year U.S. Treasury Notes Futures		09/2026		121	$	13,297	$	92		$	0	$	(36	)
CBOT 2 Year U.S. Treasury Notes Futures		09/2026		29		5,978		(8	)		0		(3	)
CBOT 5 Year U.S. Treasury Notes Futures		09/2026		86		9,206		14			0		(14	)
Ultra 10 Year U.S. Treasury Notes Futures		09/2026		14		1,575		(2	)		0		(2	)
Ultra U.S. Treasury Bond Futures		09/2026		9		1,045		25			0		(7	)

							$	121		$	0	$	(62	)


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

SHORT FUTURES CONTRACTS


											Variation Margin⁽¹⁾
Description	Expiration Month		# of Contracts		Notional Amount			Unrealized Appreciation/ (Depreciation)			Asset		Liability
CBOT U.S. Long Bond Futures		09/2026		1	$	(114	)	$	(3	)	$	1	$	0
Eurex 10 Year Euro BUND Futures		09/2026		1		(145	)		(2	)		0		0

								$	(5	)	$	1	$	0

Total Futures Contracts								$	116		$	1	$	(62	)

SWAP AGREEMENTS:

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


																						Variation Margin
Reference Entity	Fixed Receive Rate			Payment Frequency		Maturity Date		Implied Credit Spread at June 30, 2026⁽³⁾				Notional Amount⁽⁴⁾		Premiums Paid/ (Received)			Unrealized Appreciation/ (Depreciation)			Market Value⁽⁵⁾		Asset		Liability
Charter Communications		5.000	%		Quarterly		12/20/2030		2.807	%	$		625	$	62		$	(8	)	$	54	$	0	$	(2	)
Discovery Global Holdings, Inc.		1.000			Quarterly		12/20/2026		0.608				100		0			0			0		0		0
Telecom Italia spa		1.000			Quarterly		12/20/2029		0.518		EUR		200		(9	)		13			4		0		0

														$	53		$	5		$	58	$	0	$	(2	)

CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION⁽²⁾


																Variation Margin
Index/Tranches	Fixed Receive Rate			Payment Frequency		Maturity Date		Notional Amount⁽³⁾		Premiums Paid/ (Received)		Unrealized Appreciation/ (Depreciation)		Market Value⁽⁵⁾		Asset		Liability
CDX.HY-45 5-Year Index		5.000	%		Quarterly		12/20/2030	$	612	$	41	$	10	$	51	$	0	$	0
CDX.HY-46 5-Year Index		5.000			Quarterly		06/20/2031		8,836		565		159		724		0		(5	)

										$	606	$	169	$	775	$	0	$	(5	)

INTEREST RATE SWAPS


																					Variation Margin
Pay/ Receive Floating Rate	Floating Rate Index		Fixed Rate			Payment Frequency		Maturity Date		Notional Amount		Premiums Paid/ (Received)			Unrealized Appreciation/ (Depreciation)			Market Value			Asset		Liability
Receive		1-Day USD-SOFR Compounded-OIS		3.750	%		Annual		12/18/2026	$	3,100	$	22		$	(21	)	$	1		$	0	$	0
Receive⁽⁶⁾		1-Day USD-SOFR Compounded-OIS		3.325			Annual		08/31/2030		1,260		6			22			28			3		0
Receive⁽⁶⁾		1-Day USD-SOFR Compounded-OIS		4.000			Annual		11/30/2030		440		0			(1	)		(1	)		1		0
Receive		1-Day USD-SOFR Compounded-OIS		3.500			Annual		03/18/2031		325		1			5			6			1		0
Receive		1-Day USD-SOFR Compounded-OIS		3.750			Annual		12/18/2031		725		6			0			6			2		0
Receive		1-Day USD-SOFR Compounded-OIS		3.250			Annual		03/19/2032		975		41			(7	)		34			3		0
Receive		1-Day USD-SOFR Compounded-OIS		3.750			Annual		05/15/2032		2,380		(10	)		31			21			8		0
Receive		1-Day USD-SOFR Compounded-OIS		4.000			Annual		03/18/2036		175		(2	)		2			0			1		0
Receive		1-Day USD-SOFR Compounded-OIS		3.916			Annual		11/15/2053		1,300		0			63			63			14		0
Receive		1-Day USD-SOFR Compounded-OIS		3.998			Annual		11/15/2053		29		0			1			1			0		0
Receive		1-Day USD-SOFR Compounded-OIS		4.000			Annual		03/18/2056		100		3			0			3			1		0
Receive		1-Day USD-SOFR Compounded-OIS		4.000			Annual		06/17/2056		475		20			(5	)		15			5		0

												$	87		$	90		$	177		$	39	$	0

Total Swap Agreements												$	746		$	264		$	1,010		$	39	$	(7	)

Cash of $2,113 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2026.

⁽¹⁾	Unsettled variation margin asset of $1 and liability of $(3) for closed futures is outstanding at period end.

⁽²⁾

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

⁽³⁾

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

⁽⁴⁾	The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.


Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio (Cont.)		June 30, 2026 (Unaudited)

⁽⁵⁾

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

⁽⁶⁾	This instrument has a forward starting effective date.

(j)

FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER

FORWARD FOREIGN CURRENCY CONTRACTS:


									Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Month			Currency to be Delivered			Currency to be Received		Asset		Liability
BOA		08/2026	$		58	HKD		450	$	0	$	0
BPS		07/2026	EUR		293	$		342		7		0
CBK		07/2026	$		166	EUR		142		0		(4	)
JPM		07/2026	AUD		28	$		20		1		0
		08/2026	$		214	HKD		1,671		0		0
MBC		07/2026	EUR		120	$		140		2		0
		07/2026	$		20	AUD		28		0		0
		07/2026			308	EUR		271		2		0
		08/2026	AUD		28	$		20		0		0
		08/2026	EUR		271			309		0		(2	)
SCX		08/2026	$		202	HKD		1,577		0		0

Total Forward Foreign Currency Contracts									$	12	$	(6	)

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 Portfolio’s assets and liabilities:

	$		$			$		$
Category and Subcategory	Level 1		Level 2			Level 3		Fair Value at 06/30/2026
Investments in Securities, at Value
Loan Participations and Assignments	$	0	$	2,587		$	0	$	2,587
Corporate Bonds & Notes
Banking & Finance		0		20,171			0		20,171
Industrials		0		104,043			0		104,043
Utilities		0		7,256			0		7,256
U.S. Treasury Obligations		0		4,801			0		4,801
Common Stocks
Communication Services		395		0			0		395
Financials		758		72			0		830
Industrials		0		0			519		519
Preferred Securities
Banking & Finance		0		350			0		350
Utilities		0		76			0		76
Short-Term Instruments
Mutual Funds		0		550			0		550

	$	1,153	$	139,906		$	519	$	141,578
Investments in Affiliates, at Value
Common Stocks
Affiliated Investments		0		0			201		201
Short-Term Instruments
Central Funds Used for Cash Management Purposes		9,381		0			0		9,381

	$	9,381	$	0		$	201	$	9,582

Total Investments	$	10,534	$	139,906		$	720	$	151,160

Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared		0		40			0		40
Over the counter		0		12			0		12

	$	0	$	52		$	0	$	52
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared		0		(69	)		0		(69	)
Over the counter		0		(6	)		0		(6	)

	$	0	$	(75	)	$	0	$	(75	)

Total Financial Derivative Instruments	$	0	$	(23	)	$	0	$	(23	)

Totals	$	10,534	$	139,883		$	720	$	151,137

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 All Asset: Multi-Real Fund (Cayman) Ltd (Cayman Islands exempted company), PIMCO International Portfolio Subsidiary, LLC (Delaware limited liability company), PIMCO Short Asset Portfolio Subsidiary, LLC (Delaware limited liability company) and PIMCO Short-Term Floating NAV III Subsidiary, LLC (Delaware limited liability company), (each a “Subsidiary”) were incorporated as wholly owned subsidiaries acting as investment vehicles for the PIMCO All Asset: Multi-Real Fund, PIMCO International Portfolio, PIMCO Short Asset Portfolio and PIMCO Short-Term Floating NAV Portfolio III respectively, (“Consolidated Fund”) in order to effect certain investments for the Consolidated Fund consistent with each Consolidated Fund’s investment objectives and policies as specified in their respective offering memorandum and offering memorandum supplement. 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 the PIMCO All Asset: Multi-Real Fund, PIMCO International Portfolio, PIMCO Short Asset Portfolio and PIMCO Short-Term Floating NAV Portfolio III and their Subsidiaries 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 All Asset: Multi-Real Fund	PIMCO All Asset: Multi-Real Fund (Cayman) Ltd		06/17/2020		15.6	%
PIMCO International Portfolio	PIMCO International Portfolio Subsidiary, LLC		03/20/2014		20.3	%
PIMCO Short Asset Portfolio	PIMCO Short Asset Portfolio Subsidiary, LLC		03/01/2017		0.1	%
PIMCO Short-Term Floating NAV Portfolio III	PIMCO Short-Term Floating NAV III Subsidiary, LLC		03/20/2014		0.4	%

^†	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 Portfolio’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 Portfolio 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, with respect to each Portfolio other than the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, portfolio shares are ordinarily valued as of the close of regular trading (normally 4:00 p.m., Eastern time) (“NYSE Close”). With respect to the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III Portfolio shares are ordinarily valued as of 3:00 p.m. Eastern time, on each day that the NYSE is open. Information that becomes known to the Portfolios 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 Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. Each Portfolio 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 Portfolio may calculate its NAV as of NYSE Close for such day or such other time that each Portfolio 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 Portfolio 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 Portfolios will normally use pricing data for domestic equity securities received shortly after the NYSE Close (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and the NYSE Close) and do not normally take into account trading, clearances or settlements that take place after the NYSE Close (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and 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 (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and the NYSE Close), if the NYSE Close (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and 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 investments. The Valuation Designee may value Fund portfolio securities for which market quotations are not readily available and other Fund assets utilizing inputs from pricing services, quotation reporting systems, valuation agents and other third-party sources (together, “Pricing Sources”).

Domestic and foreign (non-U.S.) fixed income securities, non-exchange traded derivatives and equity options are normally valued on the basis of quotes obtained from brokers and dealers or Pricing Sources using data reflecting the earlier closing of the principal markets for those securities. Prices obtained from Pricing Sources may be based on, among other things, information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Certain fixed income securities purchased on a delayed-delivery basis are marked to market daily until settlement at the forward settlement date. Common stocks, exchange-traded funds

Notes to Financial Statements (Cont.)

(“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 Portfolio’s assets that are invested in one or more open-end management investment companies (other than ETFs), a Portfolio’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 (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and 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 Portfolio 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 (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and the NYSE Close). A Portfolio 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 Portfolio’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 Portfolio’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 Portfolio 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 Portfolio’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 Portfolio may transact.

Whole loans may be fair valued using inputs that take into account borrower-or loan-level data (e.g., credit risk of the borrower) that is updated periodically throughout the life of each individual loan; any new borrower- or loan-level data received in written reports periodically by the Portfolio normally will be taken into account in calculating the NAV. The Portfolio’s whole loan investments, including those originated by the Portfolio, or through an alternative lending platform generally are fair valued in accordance with procedures approved by the Board.

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 Portfolio’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 Portfolio 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 Portfolio may differ from the value that would be realized if the securities were sold. The Portfolios’ use of fair valuation may also help to deter “stale price arbitrage” as discussed under the “Abusive Trading Practices” section in each Portfolio’s Offering Memorandum.

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

•

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

•

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

•

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

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for 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 Portfolio’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 Portfolio.

(c) Valuation Techniques and the Fair Value Hierarchy

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

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

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 (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time 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 or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and 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.

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

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

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

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

Notes to Financial Statements (Cont.)

3. FEDERAL INCOME TAX MATTERS

Each Portfolio 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 Portfolio 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 Portfolios’ tax positions for all open tax years. As of June 30, 2026, the Portfolios 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 Portfolios file U.S. federal, state and local tax returns as required. The Portfolios’ 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 Portfolios may gain exposure to the commodities markets primarily through investments in swap agreements, futures and options. The PIMCO All Asset: Multi-Real Fund may also gain exposure indirectly to commodity markets by investing in the Multi-Real Fund (Cayman) Ltd., which may invest without limit in commodity-linked swap agreements and other commodity-linked derivative instruments.

One of the requirements for favorable tax treatment as a regulated investment company under the Code is that a Portfolio 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 derivatives, if earned directly by a Portfolio, is not qualifying income under Subchapter M of the Code. The IRS has issued private letter rulings in which the IRS specifically concluded that income derived from an investment in a subsidiary that provides commodity-linked exposure through its investments will be qualifying income. Based on the reasoning in such rulings, a portfolio will continue to seek to gain exposure to the commodity markets primarily through investments in the Subsidiary and perhaps through commodity-linked notes.

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 Portfolio’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 Portfolio is treated as qualifying dividends; and (iii) that income inclusion by a Portfolio of its Subsidiary’s earnings would be treated as other qualifying income if derived with respect to a Portfolio’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 Portfolio’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 Portfolio’s taxable income or any distributions made by a Portfolio or result in the inability of a Portfolio to operate as described in its offering memorandum.

If, during a taxable year, the Subsidiary taxable losses (and other deductible items) exceed its income and gains, the net loss will not pass through to a Portfolio as a deductible amount for income tax purposes. In the event the Subsidiary taxable gains exceed its losses and other deductible items during a taxable year, the net gain will pass through to a Portfolio as ordinary income for Federal income tax purposes.

4. INVESTMENTS IN AFFILIATES

Each Portfolio 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 Portfolios. A copy of each affiliate fund’s shareholder report is available at the U.S. Securities and Exchange Commission website at www.sec.gov, on the Funds’ website at www.pimco.com, or upon request, as applicable. The tables below show the Portfolios’ transactions in and earnings from investments in the affiliated funds for the period ended June 30, 2026 (amounts in thousands^†):

Investments in PIMCO Short Asset Portfolio


Fund Name	Market Value 03/31/2026		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 06/30/2026		Dividend Income⁽¹⁾		Realized Net Capital Gain Distributions⁽¹⁾
PIMCO All Asset: Multi-RAE PLUS Fund	$	26,609	$	194	$	(26,879	)	$	54	$	22	$	0	$	232	$	0
PIMCO All Authority: Multi-RAE PLUS Fund		0		6,855		(6,856	)		1		0		0		11		0
PIMCO High Yield and Short-Term Investments Portfolio		0		319		0			0		1		320		3		0
PIMCO Sector Fund Series – H		0		5,677		0			0		20		5,697		57		0

Notes to Financial Statements (Cont.)

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 ABS and Short-Term Investments Portfolio	$	1,606,888	$	998,758	$	(678,500	)	$	(19	)	$	380		$	1,927,507	$	17,218	$	0
PIMCO All Asset: Multi-RAE PLUS Fund		41		0		0			0			0			41		0		0
PIMCO All Authority: Multi-RAE PLUS Fund		11,661		32		(11,600	)		2			(1	)		94		33
PIMCO All Asset: Multi-Real Fund		13,522		432,336		(440,600	)		6			0			5,264		136		0
PIMCO EM Bond and Short-Term Investments Portfolio		21,740		163,259		(103,100	)		2			6			81,907		337		0
PIMCO High Yield and Short-Term Investments Portfolio		413		24,146		(15,500	)		1			1			9,061		45		0
PIMCO Investment Grade Credit Bond Portfolio		150,449		238,922		(232,399	)		(5	)		21			156,988		1,419		0
PIMCO Long Duration Credit Bond Portfolio		12,385		3,538,584		(3,550,000	)		(72	)		(1	)		896		936		0
PIMCO Mortgage and Short-Term Investments Portfolio		40,227		224,222		(215,300	)		14			8			49,171		833		0
PIMCO Municipal Portfolio		5,768		8,444		(11,200	)		0			1			3,013		44		0
PIMCO Real Return Portfolio		1,998		68,046		(63,700	)		1			0			6,345		43		0
PIMCO Sector Fund Series – AM		6,063		6,779		(6,000	)		0			1			6,843		78		0
PIMCO Sector Fund Series – H		17,882		7,044		(10,100	)		0			3			14,829		144		0
PIMCO Sector Fund Series – I		465		297,571		(295,000	)		(1	)		0			3,035		67		0
PIMCO Short-Term Portfolio		24,603		15,975		(5,100	)		0			6			35,484		275		0
PIMCO U.S. Government and Short-Term Investments Portfolio		70,528		175,026		(70,400	)		1			27			175,182		1,312		0
PIMCO International Portfolio		172,712		289,218		(244,000	)		0			32			217,962		1,600		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 Portfolio 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 High Yield and Short-Term Investments Portfolio


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
Xfit Brands, Inc.	$	195	$	0	$	0	$	0	$	6	$	201	$	0		68,040,639

^†	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	DUB	Deutsche Bank AG	NGF	Nomura Global Financial Products, Inc.
BBV	Banco Bilbao Vizcaya Madrid (Repo Only)	FAR	Wells Fargo Bank National Association	NOM	Nomura Securities International, Inc.
BCY	Barclays Capital, Inc.	FICC STR	Fixed Income Clearing Corp.—State Street FICC Repo	NXN	Natixis New York
BOA	Bank of America N.A.	GLM	Goldman Sachs Bank USA	RBC	Royal Bank of Canada
BOM	Bank of Montreal	GSC	Goldman Sachs & Co. LLC	RYL	NatWest Markets Plc
BOO	BoA Securities, Inc (Repo Only)	GST	Goldman Sachs International	SAL	Citigroup Global Markets, Inc.
BOS	BofA Securities, Inc.	IND	Crédit Agricole Corporate and Investment Bank S.A.	SCX	Standard Chartered Bank, London
BPS	BNP Paribas S.A.	JML	JP Morgan Securities Plc	SGY	Societe Generale, NY
BRC	Barclays Bank PLC	JPM	JP Morgan Chase Bank N.A.	SOG	Societe Generale Paris
BSH	Banco Santander S.A. - New York Branch	JPS	J.P. Morgan Securities LLC	SSB	State Street Bank and Trust Co.
BSN	The Bank of Nova Scotia - Toronto	MAC	Macquarie Bank Limited	STR	State Street FICC Repo
CBK	Citibank N.A.	MBC	HSBC Bank Plc	TDM	TD Securities (USA) LLC
CEW	Canadian Imperial Bank of Commerce World Markets	MEI	Merrill Lynch International	TOR	The Toronto-Dominion Bank
CIB	Canadian Imperial Bank of Commerce	MSC	Morgan Stanley & Co. LLC.	UAG	UBS AG Stamford
CKL	Citibank N.A. London	MSR	Morgan Stanley & Co LLC FICC Repo	UBS	UBS Securities LLC
CTR	Citigroup Global Markets, Inc.- FICC Rep	MYC	Morgan Stanley Capital Services LLC	WAN	Wells Fargo Bank, N.A.- FICC Rep
DEU	Deutsche Bank Securities, Inc.	MYI	Morgan Stanley & Co. International PLC	WFS	Wells Fargo Securities, LLC

Currency Abbreviations:
AUD	Australian Dollar	HKD	Hong Kong Dollar	NZD	New Zealand Dollar
BRL	Brazilian Real	HUF	Hungarian Forint	PEN	Peruvian New Sol
CAD	Canadian Dollar	IDR	Indonesian Rupiah	PHP	Philippine Peso
CHF	Swiss Franc	ILS	Israeli Shekel	PLN	Polish Zloty
CLP	Chilean Peso	INR	Indian Rupee	RON	Romanian New Leu
CNH	Chinese Renminbi (Offshore)	JPY	Japanese Yen	SEK	Swedish Krona
COP	Colombian Peso	KRW	South Korean Won	SGD	Singapore Dollar
CZK	Czech Koruna	KZT	Kazakhstani Tenge	THB	Thai Baht
DKK	Danish Krone	MXN	Mexican Peso	TRY	Turkish New Lira
EGP	Egyptian Pound	MYR	Malaysian Ringgit	TWD	Taiwanese Dollar
EUR	Euro	NGN	Nigerian Naira	USD (or $)	United States Dollar
GBP	British Pound	NOK	Norwegian Krone	ZAR	South African Rand

Exchange Abbreviations:
CBOE	Chicago Board Options Exchange	COMEX	Commodity Exchange, Inc.	KCBT	Kansas City Board of Trade
CBOT	Chicago Board of Trade	EUREX	Eurex Exchange	NYMEX	New York Mercantile Exchange
CME	Chicago Mercantile Exchange	ICE	IntercontinentalExchange^®	OTC	Over the Counter

Index/Spread Abbreviations:
ABX.HE	Asset-Backed Securities Index - Home Equity	ERAEMLN	RAE Fundamental Emerging Markets Net Total Return Index	NDUEEGF	iShares MSCI Emerging Markets ETF
AMZX	Alerian MLP Total Return Index	ERAUSLT	eRAFI U.S. Large Strategy Index	PIMCODB	PIMCO Custom Commodity Basket
BBSW3M	3 Month Bank Bill Swap Rate	ERAUSST	eRAFI U.S. Small Strategy Index	RADMFENT	RAFI Dynamic Multi-Factor Emerging Markets Equity ETF
BCOMF1NTC	Bloomberg Commodity Index 1-Month Forward Total Return Custom Index	EUR003M	3 Month EUR Swap Rate	RADMFXNT	RAFI Dynamic Multi-Factor Developed Ex-U.S. Index
BISTREFI	Turkish Lira Overnight Reference Rate	EUR006M	6 Month EUR Swap Rate	RU20INTR	Russell 2000 Total Return Index
BOBL	Bundesobligation, the German word for federal government bond	FEDL01	Federal funds effective rate	S&P 500	Standard & Poor’s 500 Index
CAONREPO	Canadian Overnight Repo Rate Average	FHMMUSTF	Federated Hermes US Treasury Cash Reserves Fund Yield	SFE	Sydney Futures Exchange
CDX.EM	Credit Derivatives Index - Emerging Markets	GOLDLNPM	London Gold Market Fixing Ltd. PM	SOFR	Secured Overnight Financing Rate
CDX.HY	Credit Derivatives Index - High Yield	IBR	Indicador Bancario de Referencia	SOFRINDX	Secured Overnight Financing Rate Index
CDX.IG	Credit Derivatives Index - Investment Grade	JMABNIC5	J.P. Morgan Custom Commodity Index	SONIA	Sterling Overnight Interbank Average Rate
CMBX	Commercial Mortgage-Backed Index	JMMMUSTF	JP Morgan Money Market US Treasury Fund Index	SONIO	Sterling Overnight Interbank Average Rate
CORRA	Canadian Overnight Repo Rate Average	MLPIREIL	Merrill Lynch Custom Equity Index	TSFR1M	Term SOFR 1-Month
CPI	Consumer Price Index	MLPIREIS	Merrill Lynch Custom Equity Index	TSFR3M	Term SOFR 3-Month
CPTFEMU	Eurozone HICP ex-Tobacco Index	MSMMUSTF	MSILF Money Market US Treasury Fund Index	TSFR6M	Term SOFR 6-Month
CPURNSA	Consumer Price All Urban Non-Seasonally Adjusted Index	MUTKCALM	Tokyo Overnight Average Rate	UKRPI	United Kingdom Retail Prices Index
DWRTFT	Dow Jones Wilshire REIT Total Return Index	NDDUEAFE	MSCI EAFE Index	US0003M	ICE 3-Month USD LIBOR
ERADXULN	RAE Fundamental International Large Net Total Return Index

Municipal Bond or Agency Abbreviations:
AGM	Assured Guaranty Municipal	CR	Custodial Receipts	NPFGC	National Public Finance Guarantee Corp.
BAM	Build America Mutual Assurance	FHA	Federal Housing Administration	PSF	Public School Fund

Other Abbreviations:
ABS	Asset-Backed Security	CMBS	Collateralized Mortgage-Backed Security	PRIBOR	Prague Interbank Offered Rate
ALT	Alternate Loan Trust	DAC	Designated Activity Company	REIT	Real Estate Investment Trust
BABs	Build America Bonds	EURIBOR	Euro Interbank Offered Rate	REMIC	Real Estate Mortgage Investment Conduit
BBR	Bank Bill Rate	JIBAR	Johannesburg Interbank Agreed Rate	SPDR	Standard & Poor’s Depositary Receipts
BBSW	Bank Bill Swap Reference Rate	JSC	Joint Stock Company	TBA	To-Be-Announced
BRL-CDI	Brazil Interbank Deposit Rate	Lunar	Monthly payment based on 28-day periods. One year consists of 13 periods.	TBD	To-Be-Determined
BTP	Buoni del Tesoro Poliennali “Long-term Treasury Bond”	OAT	Obligations Assimilables du Trésor	TBD%	Interest rate to be determined when loan settles or at the time of funding
CHILIBOR	Chile Interbank Offered Rate	OIS	Overnight Index Swap	TIIE	Tasa de Interés Interbancaria de Equilibrio “Equilibrium Interbank Interest Rate”
CLO	Collateralized Loan Obligation	PIK	Payment-in-Kind	WIBOR	Warsaw Interbank Offered Rate