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Schedule of Investments PIMCO Long-Term Real Return Fund		June 30, 2026 (Unaudited)

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

		$		$
		PRINCIPAL AMOUNT (000s)		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 147.5% ¤
CORPORATE BONDS & NOTES 1.2%
BANKING & FINANCE 0.4%
Avolon Holdings Funding Ltd.
2.528% due 11/18/2027	$		6	$	6
Blue Owl Capital Corp.
6.450% due 09/15/2028			60		61
Emirates NBD Bank PJSC
5.125% due 06/29/2031			400		399
First Abu Dhabi Bank PJSC
4.789% (SOFRRATE + 1.150%) due 06/03/2031 ~			300		300
GSG Bidco Ltd.
4.700% due 06/15/2031	EUR		200		226
QNB Finance Ltd.
4.679% (SOFRRATE + 1.050%) due 04/27/2029 ~	$		200		201

					1,193

INDUSTRIALS 0.8%
Beignet Investor LLC
6.581% due 05/30/2049			1,100		1,123
GSG Bidco Ltd.
5.375% due 06/15/2036	EUR		200		227
Road Michigan Property Owner I LLC
7.500% due 03/30/2045	$		1,000		997

					2,347

Total Corporate Bonds & Notes (Cost $3,477)					3,540

U.S. GOVERNMENT AGENCIES 17.2%
Federal Home Loan Mortgage Corp. REMICS
2.382% due 05/15/2035 •			19		19
4.057% due 01/15/2047 •			711		698
4.578% due 06/25/2056 •			1,189		1,188
Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates
4.022% due 09/25/2031 •			4		4
Federal National Mortgage Association
4.000% due 07/01/2049			268		254
6.000% due 03/01/2054			2,462		2,521
Government National Mortgage Association
3.500% due 12/20/2052 - 09/20/2055			6,127		5,533
Government National Mortgage Association REMICS
4.509% due 01/20/2073 •			6,442		6,527
4.769% due 11/20/2072 •			961		983
4.927% due 08/20/2068 •			1,164		1,169
Uniform Mortgage-Backed Security, TBA
4.000% due 07/01/2056 - 08/01/2056			5,600		5,233
4.500% due 07/01/2056 - 08/01/2056			18,500		17,719
5.000% due 07/01/2056 - 08/01/2056			1,100		1,081
5.500% due 07/01/2056 - 08/01/2056			5,275		5,290
6.000% due 08/01/2056			2,400		2,446

Total U.S. Government Agencies (Cost $50,490)					50,665

U.S. TREASURY OBLIGATIONS 107.3%
U.S. Treasury Bonds
4.875% due 08/15/2045			40		40
U.S. Treasury Inflation Protected Securities (b)
0.125% due 02/15/2051			18,683		9,893
0.125% due 02/15/2052			19,375		10,041
0.250% due 02/15/2050			20,253		11,423
0.625% due 02/15/2043			23,676		17,276
0.750% due 02/15/2042 (e)			26,565		20,288
0.750% due 02/15/2045 (e)			36,957		26,266
0.875% due 02/15/2047			24,950		17,551
1.000% due 02/15/2046			21,146		15,537
1.000% due 02/15/2048			21,518		15,323
1.000% due 02/15/2049			15,466		10,868
1.375% due 02/15/2044 (e)			34,699		28,349
1.500% due 02/15/2053 (e)			32,592		24,786
2.125% due 02/15/2040			12,461		12,026
2.125% due 02/15/2041			17,219		16,454
2.125% due 02/15/2054 (e)			30,201		26,401


Schedule of Investments PIMCO Long-Term Real Return Fund(Cont.)		June 30, 2026 (Unaudited)

	$		$
2.375% due 02/15/2055 (e)		25,533		23,514
2.375% due 02/15/2056		11,711		10,799
0.375% due 07/15/2027		2,994		2,944
0.500% due 01/15/2028		5,669		5,526
0.625% due 07/15/2032		1,260		1,168
1.625% due 10/15/2029 (g)		6,137		6,096
1.625% due 04/15/2030		314		310
1.750% due 01/15/2034		1,300		1,270
1.875% due 07/15/2034		318		314
1.875% due 01/15/2036 (e)		1,434		1,393
2.125% due 01/15/2035		633		632
U.S. Treasury Notes
4.125% due 02/15/2036		80		78
4.250% due 08/15/2035		64		63

Total U.S. Treasury Obligations (Cost $349,942)				316,629

NON-AGENCY MORTGAGE-BACKED SECURITIES 2.8%
Adjustable Rate Mortgage Trust
4.064% due 01/25/2036 ~		7		7
Alliance Bancorp Trust
4.243% due 07/25/2037 •		100		91
Banc of America Funding Trust
2.371% due 03/20/2036 ~		28		27
4.239% due 01/20/2047 ~		1,149		995
4.343% due 07/25/2037 •		507		489
Banc of America Mortgage Trust
5.079% due 11/25/2035 ~		4		4
BCAP LLC Trust
4.203% due 05/25/2047 •		104		96
Bear Stearns ALT-A Trust
4.642% due 09/25/2035 ~		115		59
Bear Stearns ALT-A Trust II
4.119% due 09/25/2047 ~		1,587		738
Bear Stearns ARM Trust
4.073% due 07/25/2036 ~		9		8
4.329% due 02/25/2036 ~		4		4
CHL Mortgage Pass-Through Trust
6.000% due 03/25/2037		787		318
6.449% due 02/20/2036 •		23		22
CIM Trust
4.742% due 02/25/2049 •		10		9
Citigroup Mortgage Loan Trust, Inc.
4.031% due 12/25/2035 ~		123		76
4.449% due 03/25/2037 ~		90		78
5.510% due 09/25/2035 •		1		1
6.190% due 05/25/2035 •		1		1
Countrywide Alternative Loan Trust
4.437% due 02/25/2037 ~		40		36
4.744% due 12/25/2035 •		65		57
CSMC Mortgage-Backed Trust
6.421% due 10/25/2037 ~		456		257
DSLA Mortgage Loan Trust
4.274% due 08/19/2045 •		34		31
First Horizon Alternative Mortgage Securities Trust
6.000% due 02/25/2037		24		8
GMACM Mortgage Loan Trust
3.707% due 11/19/2035 ~		22		20
IndyMac INDA Mortgage Loan Trust
3.822% due 12/25/2036 ~		388		293
Merrill Lynch Mortgage Investors Trust
4.423% due 09/25/2029 •		4		4
MortgageIT Securities Corp. Mortgage Loan Trust
4.263% due 09/25/2037 •		270		207
New Residential Mortgage Loan Trust
4.500% due 05/25/2058 ~		111		107
RALI Trust
4.123% due 06/25/2046 •		149		30
4.655% due 10/25/2037 ~		147		116
Residential Asset Securitization Trust
4.163% due 05/25/2035 •		151		88
5.750% due 02/25/2036		720		451
5.750% due 03/25/2037		105		30
6.500% due 06/25/2037		3,332		610
Structured Adjustable Rate Mortgage Loan Trust
4.486% due 07/25/2035 ~		29		26
Structured Asset Mortgage Investments II Trust
4.183% due 04/25/2036 •		2		2
Thornburg Mortgage Securities Trust
4.503% due 09/25/2034 •		38		36
Towd Point Mortgage Trust
4.763% due 05/25/2058 •		26		27
Wachovia Mortgage Loan Trust LLC
6.516% due 10/20/2035 ~		2		2
WaMu Mortgage Pass-Through Certificates Trust
4.228% due 11/25/2036 ~		278		269


Schedule of Investments PIMCO Long-Term Real Return Fund(Cont.)		June 30, 2026 (Unaudited)

	$		$
4.246% due 08/25/2036 ~		19		18
4.303% due 12/25/2045 •		29		26
5.270% due 09/25/2033 ~		14		14
Washington Mutual Mortgage Pass-Through Certificates WMALT Trust
6.000% due 06/25/2037		2,243		1,775
6.500% due 08/25/2035		8		7
Wells Fargo Mortgage-Backed Securities Trust
5.698% due 04/25/2036 ~		563		563
5.876% due 11/25/2037 ~		23		21

Total Non-Agency Mortgage-Backed Securities (Cost $11,444)				8,154

ASSET-BACKED SECURITIES 7.2%
CMBS OTHER 1.4%
ACREC LLC
4.950% due 07/18/2043 •		1,500		1,500
MF1 LLC
5.789% due 06/19/2037 •		1,610		1,610
MF1 Ltd.
4.832% due 10/16/2036 •		1,113		1,114

				4,224

HOME EQUITY OTHER 3.0%
ACE Securities Corp. Home Equity Loan Trust
3.883% due 10/25/2036 •		20		8
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates
2.894% due 06/25/2033 •		615		608
C-BASS Trust
3.883% due 11/25/2036 •		15		7
CIT Mortgage Loan Trust
5.263% due 10/25/2037 •		1,587		1,603
Citigroup Mortgage Loan Trust, Inc.
4.223% due 12/25/2036 •		64		45
Countrywide Asset-Backed Certificates
4.263% due 03/25/2037 •		50		50
Countrywide Asset-Backed Certificates Trust
3.953% due 11/25/2037 •		642		611
4.013% due 02/25/2036 •		987		943
4.043% due 05/25/2035 •		7		7
4.043% due 07/25/2037 •		10		9
4.503% due 08/25/2047 •		80		79
Credit-Based Asset Servicing & Securitization LLC
3.919% due 07/25/2037 •		380		254
Ellington Loan Acquisition Trust
4.863% due 05/25/2037 •		341		333
Fremont Home Loan Trust
4.033% due 10/25/2036 •		32		29
GSAA Trust
6.720% due 03/25/2046 þ		163		83
GSAMP Trust
4.738% due 03/25/2035 •		174		169
Home Equity Asset Trust
4.438% due 02/25/2036 •		807		792
4.618% due 08/25/2034 •		5		5
Home Equity Mortgage Loan Asset-Backed Trust
3.983% due 04/25/2037 •		64		50
JP Morgan Mortgage Acquisition Corp.
4.273% due 02/25/2036 •		298		295
JP Morgan Mortgage Acquisition Trust
4.183% due 10/25/2036 •		3		3
Long Beach Mortgage Loan Trust
4.003% due 08/25/2036 •		79		32
MASTR Specialized Loan Trust
5.563% due 07/25/2035 •		160		217
Morgan Stanley ABS Capital I, Inc. Trust
3.893% due 10/25/2036 •		67		60
Morgan Stanley Mortgage Loan Trust
5.395% due 11/25/2036 •		581		224
Option One Mortgage Loan Trust
4.543% due 02/25/2035 •		161		153
Renaissance Home Equity Loan Trust
4.863% due 09/25/2037 •		370		144
Saxon Asset Securities Trust
4.198% due 09/25/2036 •		1,654		1,599
Soundview Home Loan Trust
3.883% due 11/25/2036 •		248		65
3.943% due 07/25/2037 •		116		105
3.963% due 06/25/2037 •		276		196


Schedule of Investments PIMCO Long-Term Real Return Fund(Cont.)		June 30, 2026 (Unaudited)

		$		$
4.323% due 05/25/2036 •			37		37

					8,815

WHOLE LOAN COLLATERAL 0.3%
Citigroup Mortgage Loan Trust, Inc.
4.258% due 10/25/2036 •			262		260
IndyMac INDB Mortgage Loan Trust
3.903% due 07/25/2036 •			86		26
Lehman XS Trust
4.421% due 06/25/2036 þ			30		29
6.063% due 12/25/2037 •			436		452

					767

OTHER ABS 2.5%
Aqueduct European CLO DAC
0.000% due 07/15/2039 «•(a)	EUR		1,600		1,828
PPM CLO 5 Ltd.
4.855% due 10/18/2034 •	$		1,800		1,802
Symphony CLO XXV Ltd.
4.725% due 04/19/2034 •			1,800		1,802
Tikehau CLO V DAC
3.404% due 10/15/2038 •	EUR		1,850		2,117

					7,549

Total Asset-Backed Securities (Cost $21,978)					21,355

SOVEREIGN ISSUES 11.5%
Abu Dhabi Government International Bonds
4.625% due 04/20/2033	$		200		199
4.875% due 04/30/2029			200		202
5.000% due 04/30/2034			200		203
Brazil Government International Bonds
4.000% due 04/23/2030	EUR		100		115
Canada Government Real Return Bonds
4.250% due 12/01/2026 (b)	CAD		956		685
Costa Rica Government International Bonds
5.950% due 04/27/2033	EUR		100		122
French Republic Government Bonds OAT
0.100% due 07/25/2036 (b)			1,036		1,019
Italy Buoni Poliennali Del Tesoro
0.100% due 05/15/2033 (b)			4,896		5,133
0.400% due 05/15/2030 (b)			255		284
1.300% due 05/15/2028 (b)			5,523		6,328
1.800% due 05/15/2036 (b)			2,024		2,322
Japan Government CPI-Linked Bonds
0.005% due 03/10/2034 (b)	JPY		147,851		872
0.100% due 03/10/2028 (b)			197,312		1,218
0.100% due 03/10/2029 (b)			1,153,048		7,088
Japan Government Thirty Year Bonds
3.400% due 12/20/2055			170,000		954
Kuwait International Government Bonds
4.804% due 04/20/2033	$		300		300
U.K. Gilts
4.000% due 10/22/2031	GBP		5,400		7,049

Total Sovereign Issues (Cost $37,205)					34,093


		SHARES
PREFERRED SECURITIES 0.1%
BANKING & FINANCE 0.1%
Bank of America Corp.
5.875% due 03/15/2028 (c)			160,000		162

Total Preferred Securities (Cost $160)					162

SHORT-TERM INSTRUMENTS 0.2%
MUTUAL FUNDS 0.2%
State Street Institutional U.S. Government Money Market Fund, Premier Class
3.690% (d)			638,795		639


Schedule of Investments PIMCO Long-Term Real Return Fund(Cont.)		June 30, 2026 (Unaudited)

	$		$

Total Short-Term Instruments (Cost $639)				639

Total Investments in Securities (Cost $475,335)				435,237

INVESTMENTS IN AFFILIATES 0.3%
SHORT-TERM INSTRUMENTS 0.3%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.3%
PIMCO Short-Term Floating NAV Portfolio III		87,411		851

Total Short-Term Instruments (Cost $852)				851

Total Investments in Affiliates (Cost $852)				851

Total Investments 147.8% (Cost $476,187)			$	436,088
Financial Derivative Instruments (f)(h) 0.2%(Cost or Premiums, net $378)				655
Other Assets and Liabilities, net (48.0)%				(141,728	)

Net Assets 100.0%			$	295,015


Schedule of Investments PIMCO Long-Term Real Return Fund(Cont.)		June 30, 2026 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:

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

¤	The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security’s country of incorporation may be different from its country of economic exposure.

«	Security valued using significant unobservable inputs (Level 3).

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

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

þ	Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.

(a)

When-issued security.

(b)

Principal amount of security is adjusted for inflation.

(c)

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

(d)

Coupon represents a 7-Day Yield.

BORROWINGS AND OTHER FINANCING TRANSACTIONS

REVERSE REPURCHASE AGREEMENTS:


Counterparty	Borrowing Rate⁽¹⁾			Settlement Date		Maturity Date		Amount Borrowed⁽¹⁾			Payable for Reverse Repurchase Agreements
BSN		3.720	%		06/09/2026		07/15/2026	$	(96,753	)	$	(96,973	)
DEU		3.750			06/30/2026		07/07/2026		(7,391	)		(7,392	)
JPS		3.710			06/03/2026		07/01/2026		(7,644	)		(7,666	)

Total Reverse Repurchase Agreements											$	(112,031	)

(e)

Securities with an aggregate market value of $111,872 have been pledged as collateral under the terms of master agreements as of June 30, 2026.

⁽¹⁾	The average amount of borrowings outstanding during the period ended June 30, 2026 was $(103,928) at a weighted average interest rate of 3.731%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.

(f)

FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED

FUTURES CONTRACTS:

LONG FUTURES CONTRACTS


										Variation Margin
Description	Expiration Month		# of Contracts		Notional Amount		Unrealized Appreciation/ (Depreciation)			Asset		Liability
California Carbon Allowance Vintage Futures		12/2026		35	$	1,154	$	2		$	0	$	(5	)
Carbon Emissions Futures		12/2026		1		92		1			2		(2	)
CBOT 5 Year U.S. Treasury Notes Futures		09/2026		10		1,070		3			0		(2	)
CBOT Soybean Futures		11/2026		4		229		(2	)		1		0
CBOT Soybean Meal Futures		12/2026		16		485		(25	)		0		0
CME Live Cattle Futures		10/2026		3		284		(1	)		0		(1	)
COMEX Copper Futures		09/2026		1		156		0			2		0
Eurex 30 Year Euro BUXL Futures		09/2026		31		3,939		80			0		(9	)
Euro-BTP Italian Bond Futures		09/2026		33		4,500		55			0		(2	)
Euronext Milling Wheat Futures		09/2026		2		23		(1	)		0		0
ICE Brent Crude Oil Futures		01/2027		2		144		(5	)		0		(1	)
ICE Gas Oil Futures		12/2026		1		80		0			0		0
KCBT Hard Red Winter Wheat Futures		12/2026		1		32		(3	)		1		0
LME Lead Futures		07/2026		4		184		(15	)		0		0
LME Nickel Futures		07/2026		1		97		(17	)		0		0
LME Primary Aluminum Futures		07/2026		4		308		(35	)		0		0
LME Primary Aluminum Futures		09/2026		3		231		(33	)		0		(8	)
LME Zinc Futures		07/2026		1		89		7			0		0
LME Zinc Futures		09/2026		3		268		2			2		0
NYBOT CSC Cocoa Futures		09/2026		1		51		11			1		0
NYMEX Light Sweet Crude Oil Futures		11/2026		1		68		(7	)		0		(1	)
NYMEX NY Harbor ULSD Futures		11/2026		1		124		(18	)		2		0
NYMEX Reformulated Gasoline Blendstock for Oxygen Blending RBOB Futures		11/2026		2		189		(15	)		0		(1	)
SFE 10 Year Australian Bond Futures		09/2026		50		3,802		52			7		(9	)
Three-Month SOFR Futures		03/2027		120		28,788		(6	)		0		(9	)
Ultra 10 Year U.S. Treasury Notes Futures		09/2026		88		9,897		66			0		(34	)
Ultra U.S. Treasury Bond Futures		09/2026		89		10,338		264			0		(67	)
White Sugar Futures		09/2026		1		23		2			0		0

							$	362		$	18	$	(151	)


Schedule of Investments PIMCO Long-Term Real Return Fund(Cont.)		June 30, 2026 (Unaudited)

SHORT FUTURES CONTRACTS


											Variation Margin
Description	Expiration Month		# of Contracts		Notional Amount			Unrealized Appreciation/ (Depreciation)			Asset		Liability
CBOT 10 Year U.S. Treasury Notes Futures		09/2026		100	$	(10,989	)	$	(89	)	$	30	$	0
CBOT 2 Year U.S. Treasury Notes Futures		09/2026		248		(51,121	)		64			29		0
CBOT Corn Futures		09/2026		25		(521	)		57			0		(8	)
CBOT Corn Futures		12/2026		2		(44	)		1			0		(1	)
CBOT Soybean Futures		01/2027		3		(174	)		0			0		(1	)
CBOT Soybean Oil Futures		12/2026		1		(39	)		3			1		0
CBOT U.S. Long Bond Futures		09/2026		159		(18,047	)		(502	)		104		0
CBOT Wheat Futures		09/2026		6		(177	)		20			0		(2	)
CBOT Wheat Futures		12/2026		4		(121	)		5			0		(1	)
CME Lean Hogs Futures		10/2026		5		(164	)		0			0		(1	)
Eurex 10 Year Euro BUND Futures		09/2026		72		(10,476	)		(100	)		11		0
Eurex 2 Year Euro SCHATZ Futures		09/2026		57		(6,901	)		(9	)		3		0
Eurex 5 Year Euro BOBL Futures		09/2026		19		(2,505	)		(16	)		2		0
French Government Bond Futures		09/2026		83		(11,378	)		(61	)		20		0
KCBT Hard Red Winter Wheat Futures		09/2026		3		(94	)		9			0		(1	)
LME Lead Futures		07/2026		4		(184	)		10			0		0
LME Lead Futures		09/2026		5		(233	)		14			14		0
LME Nickel Futures		07/2026		1		(97	)		5			0		0
LME Nickel Futures		09/2026		3		(293	)		16			15		0
LME Primary Aluminum Futures		07/2026		4		(308	)		41			0		0
LME Primary Aluminum Futures		09/2026		2		(154	)		0			0		0
LME Zinc Futures		07/2026		1		(89	)		(2	)		0		0
Long Gilt Futures		09/2026		17		(2,012	)		(22	)		10		(3	)
NYBOT CSC C Coffee Futures		09/2026		1		(111	)		(11	)		0		(7	)
NYBOT CSC Cocoa Futures		12/2026		1		(52	)		(12	)		0		(1	)
NYBOT CSC Number 11 World Sugar Futures		02/2027		12		(212	)		1			0		(1	)
NYBOT CTN Number 2 Cotton Futures		12/2026		3		(115	)		1			0		(1	)
NYMEX Henry Hub Natural Gas Futures		08/2026		9		(287	)		(5	)		0		(6	)
NYMEX Henry Hub Natural Gas Futures		12/2026		1		(44	)		0			0		0
SGX Asiaclear TSI Iron Ore CFR China 62% FE Fines Index Futures		09/2026		4		(40	)		1			0		0
TSE Japanese 10 Year Bond Futures		09/2026		4		(3,143	)		(8	)		11		0

								$	(589	)	$	250	$	(34	)

Total Futures Contracts								$	(227	)	$	268	$	(185	)

SWAP AGREEMENTS:

INTEREST RATE SWAPS

		$			$		$			$		$			$			$			$		$
																					Variation Margin⁽²⁾
Pay/ Receive Floating Rate	Floating Rate Index	Fixed Rate			Payment Frequency		Maturity Date			Notional Amount		Premiums Paid/ (Received)			Unrealized Appreciation/ (Depreciation)			Market Value			Asset		Liability
Pay	1-Day GBP-SONIO Compounded-OIS		3.500	%		Annual		03/18/2028	GBP		4,100	$	(86	)	$	35		$	(51	)	$	0	$	(3	)
Pay	1-Day GBP-SONIO Compounded-OIS		3.500			Annual		03/18/2031			7,340		(160	)		(79	)		(239	)		0		(10	)
Receive	1-Day JPY-MUTKCALM Compounded-OIS		0.300			Semi-Annual		09/20/2027	JPY		64,000		6			(1	)		5			0		0
Receive	1-Day JPY-MUTKCALM Compounded-OIS		0.300			Semi-Annual		03/20/2028			60,000		8			(1	)		7			0		0
Receive	1-Day JPY-MUTKCALM Compounded-OIS		0.550			Annual		09/14/2028			590,000		74			0			74			0		(1	)
Receive	1-Day JPY-MUTKCALM Compounded-OIS		0.450			Semi-Annual		03/20/2029			274,770		53			1			54			0		0
Receive	1-Day JPY-MUTKCALM Compounded-OIS		0.500			Annual		12/15/2031			420,000		172			28			200			3		0
Pay	1-Day USD-SOFR Compounded-OIS		2.300			Semi-Annual		11/15/2028	$		1,240		(16	)		(42	)		(58	)		0		(1	)
Pay	1-Day USD-SOFR Compounded-OIS		2.340			Semi-Annual		11/21/2028			9,100		(115	)		(298	)		(413	)		0		(10	)
Receive⁽¹⁾	1-Day USD-SOFR Compounded-OIS		3.325			Annual		08/31/2030			4,840		22			86			108			10		0
Pay⁽¹⁾	1-Day USD-SOFR Compounded-OIS		3.997			Annual		11/30/2030			3,000		0			9			9			0		(7	)
Receive⁽¹⁾	1-Day USD-SOFR Compounded-OIS		4.000			Annual		11/30/2030			1,910		0			(6	)		(6	)		4		0


Schedule of Investments PIMCO Long-Term Real Return Fund(Cont.)		June 30, 2026 (Unaudited)

		$		$		$			$		$			$			$			$		$
Pay⁽¹⁾	1-Day USD-SOFR Compounded-OIS		4.020		Annual		11/30/2030			3,450		0			14			14			0		(8	)
Receive	1-Day USD-SOFR Compounded-OIS		3.750		Annual		05/15/2032			7,692		(5	)		72			67			24		0
Pay	1-Day USD-SOFR Compounded-OIS		3.085		Annual		02/13/2034			2,700		(26	)		(134	)		(160	)		0		(11	)
Receive⁽¹⁾	1-Day USD-SOFR Compounded-OIS		4.000		Annual		02/15/2036			8,800		(33	)		42			9			44		0
Receive	1-Day USD-SOFR Compounded-OIS		2.285		Semi-Annual		11/15/2053			1,000		63			297			360			8		0
Receive	1-Day USD-SOFR Compounded-OIS		4.010		Annual		11/15/2053			2,900		40			53			93			31		0
Receive	1-Day USD-SOFR Compounded-OIS		4.015		Annual		11/15/2053			100		0			3			3			1		0
Receive	1-Day USD-SOFR Compounded-OIS		4.075		Annual		11/15/2053			2,508		19			35			54			27		0
Receive	1-Day USD-SOFR Compounded-OIS		2.237		Semi-Annual		11/21/2053			1,130		70			346			416			9		0
Receive	1-Day USD-SOFR Compounded-OIS		2.865		Annual		02/13/2054			4,500		673			331			1,004			42		0
Receive	1-Day USD-SOFR Compounded-OIS		3.500		Annual		06/20/2054			2,300		61			212			273			23		0
Receive	6-Month EUR-EURIBOR		2.112		Annual		09/02/2027	EUR		3,500		0			(16	)		(16	)		0		0
Receive	6-Month EUR-EURIBOR		2.120		Annual		09/03/2027			5,500		0			(27	)		(27	)		1		0
Receive⁽¹⁾	6-Month EUR-EURIBOR		2.250		Annual		09/16/2028			4,000		58			(16	)		42			2		0
Pay⁽¹⁾	6-Month EUR-EURIBOR		2.750		Annual		09/16/2036			22,640		(302	)		(106	)		(408	)		0		(30	)
Receive	6-Month EUR-EURIBOR		0.190		Annual		11/04/2052			2,100		130			1,148			1,278			3		0
Receive	6-Month EUR-EURIBOR		0.195		Annual		11/04/2052			2,200		1			1,336			1,337			3		0
Receive	6-Month EUR-EURIBOR		0.197		Annual		11/08/2052			3,860		241			2,105			2,346			5		0
Receive	6-Month EUR-EURIBOR		3.050		Annual		01/13/2056			2,210		100			(95	)		5			2		0
Receive⁽¹⁾	6-Month EUR-EURIBOR		3.000		Annual		09/16/2056			3,920		94			(23	)		71			5		0
Receive	CPTFEMU		2.975		Maturity		08/15/2027			2,100		8			6			14			2		0
Pay	CPTFEMU		1.380		Maturity		03/15/2031			540		(5	)		(119	)		(124	)		0		(1	)
Receive	CPTFEMU		2.600		Maturity		05/15/2032			340		0			7			7			1		0
Receive	CPTFEMU		2.049		Maturity		08/15/2034			1,600		(1	)		8			7			3		0
Receive	CPTFEMU		2.034		Maturity		09/15/2034			1,800		(6	)		18			12			4		0
Pay	CPTFEMU		2.488		Maturity		05/15/2037			40		0			(1	)		(1	)		0		0
Pay	CPTFEMU		2.580		Maturity		03/15/2052			300		0			7			7			0		0
Pay	CPTFEMU		2.590		Maturity		03/15/2052			900		(7	)		30			23			0		(1	)
Pay	CPTFEMU		2.421		Maturity		05/15/2052			80		0			(1	)		(1	)		0		0
Pay	CPTFEMU		2.590		Maturity		12/15/2052			900		0			78			78			0		(1	)
Pay	CPTFEMU		2.700		Maturity		04/15/2053			800		5			100			105			0		(1	)
Pay	CPTFEMU		2.682		Maturity		10/15/2053			300		0			38			38			0		0
Pay	CPURNSA		1.998		Maturity		07/25/2029	$		2,300		2			(369	)		(367	)		0		0
Pay	CPURNSA		1.883		Maturity		11/20/2029			9,400		9			(1,647	)		(1,638	)		0		(1	)
Receive	CPURNSA		2.311		Maturity		02/24/2031			3,700		3			493			496			2		0
Receive	CPURNSA		2.668		Maturity		05/14/2031			5,000		0			459			459			3		0
Receive	UKRPI		3.365		Maturity		09/15/2027	GBP		2,700		1			(2	)		(1	)		5		0
Pay	UKRPI		3.500		Maturity		08/15/2034			1,900		11			38			49			0		(7	)
Pay	UKRPI		3.466		Maturity		09/15/2034			800		0			15			15			0		(4	)

Total Swap Agreements											$	1,162		$	4,467		$	5,629		$	267	$	(97	)

(g)

Securities with an aggregate market value of $2,304 and cash of $1,456 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2026.

⁽¹⁾	This instrument has a forward starting effective date.

⁽²⁾	Unsettled variation margin liability of $(49) for closed futures is outstanding at period end.

(h)

FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER

FORWARD FOREIGN CURRENCY CONTRACTS:


									Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Month			Currency to be Delivered			Currency to be Received		Asset		Liability
AZD		07/2026	AUD		151	$		108	$	3	$	0
		07/2026	CNH		203			30		0		0
		07/2026	NZD		1,249			738		28		0
		07/2026	$		30	CAD		43		0		0
		07/2026			740	NZD		1,311		4		0
		08/2026	CAD		43	$		30		0		0
		08/2026	NZD		1,311			741		0		(4	)
BOA		07/2026	BRL		52			10		0		0
		07/2026	CAD		490			352		7		0
		07/2026	JPY		18,788			118		3		0
		07/2026	KRW		20,922			14		0		0


Schedule of Investments PIMCO Long-Term Real Return Fund (Cont.)		June 30, 2026 (Unaudited)

	$			$			$		$		$
		07/2026	NOK		620			63		0		0
		07/2026	SGD		175			137		2		0
		07/2026	$		10	BRL		52		0		0
		07/2026			166	CNH		1,123		0		(1	)
		07/2026			142	EUR		122		0		(3	)
		07/2026			131	ILS		386		0		(1	)
		07/2026			169	NOK		1,575		0		(10	)
		07/2026			24	PLN		91		0		0
		08/2026	ILS		432	$		145		0		0
		08/2026	$		34	INR		3,253		0		0
		09/2026	COP		738,030	$		187		0		(25	)
		09/2026	MXN		424			24		0		0
		09/2026	$		61	INR		5,841		0		0
BPS		07/2026	BRL		594	$		115		0		(1	)
		07/2026	CHF		151			192		5		0
		07/2026	CNH		1,118			165		1		0
		07/2026	GBP		127			171		2		0
		07/2026	IDR		20,579,816			1,148		1		(1	)
		07/2026	ILS		678			230		2		0
		07/2026	INR		36,498			380		0		(6	)
		07/2026	JPY		63,551			400		9		0
		07/2026	KRW		81,156			53		1		0
		07/2026	THB		5,189			158		2		0
		07/2026	$		116	BRL		594		0		(1	)
		07/2026			421	IDR		7,534,315		0		0
		07/2026			1,144	INR		108,438		2		(2	)
		07/2026			277	KRW		424,460		0		(2	)
		07/2026			58	TWD		1,818		0		(1	)
		07/2026			37	ZAR		614		0		0
		08/2026	IDR		2,694,957	$		150		0		0
		08/2026	ILS		72			24		0		0
		08/2026	$		100	BRL		522		0		0
		08/2026			288	INR		27,320		0		0
		09/2026	IDR		2,383,077	$		131		0		(1	)
		09/2026	THB		10,941			335		4		0
		09/2026	$		607	IDR		10,777,964		1		(10	)
		09/2026			64	INR		6,064		0		0
		09/2026			30	THB		982		0		0
		12/2026			92	IDR		1,682,954		0		0
BRC		07/2026	ILS		821	$		277		1		0
		07/2026	NZD		1,814			1,073		43		0
		07/2026	SGD		497			386		2		0
		07/2026	TRY		713			15		0		0
		07/2026	$		672	TRY		32,035		5		0
		07/2026			187	ZAR		3,032		0		(2	)
BSH		07/2026	JPY		336,767	$		2,118		47		0
		07/2026	$		1,283	NZD		2,270		7		0
		08/2026	NZD		2,270	$		1,284		0		(7	)
		09/2026	$		3,398	BRL		17,428		0		(72	)
CBK		07/2026	CHF		224	$		281		4		0
		07/2026	EUR		265			309		6		0
		07/2026	IDR		586,163			33		0		0
		07/2026	ILS		1,971			678		16		0
		07/2026	INR		18,302			194		1		0
		07/2026	NOK		560			60		4		0
		07/2026	$		212	IDR		3,811,238		1		0
		07/2026			189	INR		18,302		4		0
		07/2026			30	KRW		44,805		0		(1	)
		07/2026			114	PLN		418		0		(3	)
		07/2026			21	TWD		651		0		0
		08/2026	ILS		1,473	$		498		3		0
		08/2026	$		91	ILS		256		0		(5	)
		08/2026			54	INR		5,077		0		0
		09/2026	IDR		9,255,104	$		513		0		(1	)
		09/2026	INR		1,930			20		0		0
		09/2026	MXN		72			4		0		0
		09/2026	THB		6,028			182		0		(1	)
		09/2026	$		354	COP		1,368,443		40		0
		09/2026			156	IDR		2,773,865		0		(2	)
		09/2026			99	MXN		1,771		2		0
		12/2026			300	IDR		5,458,197		1		0
DUB		07/2026	IDR		539,734	$		30		0		0
		07/2026	INR		7,301			77		0		0
		07/2026	$		52	INR		4,977		1		0
		07/2026			13	NOK		124		0		(1	)
		07/2026			114	PLN		424		0		(2	)
		07/2026			87	ZAR		1,410		0		(1	)
		09/2026	IDR		6,711,963	$		373		0		0
		09/2026	$		95	IDR		1,733,613		1		0
		09/2026			77	INR		7,350		0		0
		12/2026			104	IDR		1,882,573		0		0
FAR		07/2026	CNH		1,112	$		164		1		0
		07/2026	GBP		4,299			5,781		79		0
		07/2026	INR		13,459			143		0		0
		07/2026	JPY		7,811			49		1		0
		07/2026	SGD		3,882			3,042		42		0


Schedule of Investments PIMCO Long-Term Real Return Fund (Cont.)		June 30, 2026 (Unaudited)

	$			$			$		$		$
		07/2026	$		469	CNH		3,191		1		0
		07/2026			141	INR		13,459		1		0
		07/2026			9,248	JPY		1,496,256		0		(45	)
		07/2026			611	PLN		2,240		0		(15	)
		07/2026			122	ZAR		2,009		1		0
		08/2026	CNH		3,184	$		469		0		(1	)
		08/2026	JPY		1,492,341			9,248		45		0
		08/2026	$		98	ILS		281		0		(4	)
		09/2026			69	INR		6,604		0		0
		09/2026			80	MXN		1,419		0		0
GLM		07/2026	BRL		1,286	$		248		0		(1	)
		07/2026	IDR		3,634,214			203		0		0
		07/2026	KRW		76,445			50		0		0
		07/2026	$		253	BRL		1,286		0		(4	)
		07/2026			2,915	CAD		4,148		10		0
		07/2026			203	IDR		3,634,214		1		0
		07/2026			50	KRW		76,434		0		0
		08/2026	CAD		4,142	$		2,915		0		(10	)
		08/2026	$		51	INR		4,855		1		0
		09/2026	IDR		3,655,496	$		203		0		0
		09/2026	MXN		81			5		0		0
		09/2026	THB		13,930			432		10		0
		09/2026	$		445	IDR		7,994,940		1		(3	)
		09/2026			229	INR		22,004		2		0
JPM		07/2026	AUD		653	$		466		13		0
		07/2026	BRL		3,648			709		2		0
		07/2026	ILS		2,111			707		0		(3	)
		07/2026	INR		1,713			18		0		0
		07/2026	KRW		23,624			15		0		0
		07/2026	NOK		610			62		0		0
		07/2026	$		702	BRL		3,648		5		0
		07/2026			381	GBP		284		0		(4	)
		07/2026			31	IDR		558,813		0		0
		07/2026			18	INR		1,713		0		0
		07/2026			15	KRW		23,621		0		0
		07/2026			748	PLN		2,729		0		(23	)
		07/2026			105	THB		3,521		1		0
		08/2026	ILS		852	$		289		2		0
		08/2026	$		205	ILS		590		0		(6	)
		08/2026			114	INR		10,824		0		0
		08/2026			62	NOK		610		0		0
		09/2026	IDR		561,918	$		31		0		0
		09/2026	INR		1,725			18		0		0
		09/2026	MXN		350			20		0		0
		09/2026	THB		10,744			329		5		(1	)
		09/2026			$615	INR		58,884		3		0
		09/2026			3,021	MXN		52,586		0		(32	)
		10/2026			709	BRL		3,729		0		(2	)
		12/2026			219	MXN		3,864		0		(1	)
MBC		07/2026	AUD		3	$		2		0		0
		07/2026	CHF		1,423			1,806		46		(1	)
		07/2026	IDR		50,106			3		0		0
		07/2026	INR		7,330			78		0		0
		07/2026	JPY		313,798			1,975		45		0
		07/2026	KRW		360,107			238		5		0
		07/2026	NOK		197			20		0		0
		07/2026	NZD		518			301		7		0
		07/2026	$		307	AUD		445		1		0
		07/2026			305	GBP		228		0		(3	)
		07/2026			3	IDR		50,106		0		0
		07/2026			120	INR		11,535		2		0
		07/2026			383	JPY		61,400		0		(6	)
		07/2026			32	NOK		294		0		(2	)
		08/2026	AUD		446	$		307		0		(1	)
		08/2026	$		40	INR		3,834		0		0
		08/2026			20	NOK		197		0		0
		09/2026	THB		3,525	$		106		0		(1	)
		09/2026	$		324	INR		31,019		2		0
NGF		07/2026	IDR		3,363,889	$		188		0		0
		07/2026	$		189	IDR		3,363,889		0		(1	)
		07/2026			121	INR		11,642		2		0
		09/2026	IDR		3,382,755	$		189		1		0
		09/2026	$		95	IDR		1,693,503		0		(1	)
SCX		07/2026	INR		5,748	$		61		0		0
		07/2026	$		72	IDR		1,296,131		0		0
		07/2026			159	INR		15,266		2		0
		08/2026			126			12,059		1		0
		09/2026	IDR		3,828,220	$		212		0		0
		09/2026	THB		5,960			184		3		0
		09/2026	$		411	IDR		7,392,034		1		(1	)
		09/2026			61	INR		5,787		0		0
SOG		07/2026	CNH		1,881	$		278		1		0
		07/2026	EUR		16,538			19,293		396		0
		07/2026	JPY		817,126			5,143		118		0
		07/2026	$		249	AUD		361		1		0
		07/2026			2,283	CHF		1,847		3		0


Schedule of Investments PIMCO Long-Term Real Return Fund (Cont.)		June 30, 2026 (Unaudited)

	$			$			$		$		$
		07/2026			18,975	EUR		16,681		85		0
		07/2026			3,523	SGD		4,562		3		0
		08/2026	AUD		361	$		249		0		(1	)
		08/2026	CAD		35			25		0		0
		08/2026	CHF		1,840			2,283		0		(3	)
		08/2026	EUR		16,681			19,001		0		(85	)
		08/2026	SGD		4,552			3,523		0		(4	)
SSB		07/2026	CAD		3,774			2,737		76		0
		07/2026	CHF		49			62		2		0
		07/2026	SGD		2			2		0		0
		07/2026	$		27	CAD		38		0		0
		07/2026			5,174	GBP		3,914		18		0
		08/2026	CAD		38	$		27		0		0
		08/2026	GBP		3,914			5,174		0		(18	)
		08/2026	$		356	COP		1,357,101		37		0
UAG		07/2026			116	PLN		425		0		(3	)
		09/2026	THB		570	$		17		0		0
		12/2026	COP		2,023,556			519		0		(51	)

Total Forward Foreign Currency Contracts									$	1,351	$	(504	)

WRITTEN OPTIONS:

INFLATION-CAPPED OPTIONS


Counterparty	Description	Initial Index	Floating Rate	Expiration Date	Notional Amount⁽¹⁾	Premiums (Received)			Market Value
GLM	Cap - OTC CPALEMU	100.151	Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0	06/22/2035	9,000	$	(409	)	$	(188	)

INTEREST RATE SWAPTIONS


Counterparty	Description	Floating Rate Index	Pay/Receive Floating Rate		Exercise Rate			Expiration Date		Notional Amount⁽¹⁾		Premiums (Received)			Market Value
BRC	Call - OTC 2-Year Interest Rate Swap	6-Month EUR-EURIBOR		Receive		2.440	%		01/25/2027		1,400	$	(13	)	$	(2	)
	Put - OTC 2-Year Interest Rate Swap	6-Month EUR-EURIBOR		Pay		2.440			01/25/2027		1,400		(12	)		(11	)
GLM	Call - OTC 2-Year Interest Rate Swap	6-Month EUR-EURIBOR		Receive		2.350			01/07/2027		12,600		(114	)		(15	)
	Put - OTC 2-Year Interest Rate Swap	6-Month EUR-EURIBOR		Pay		2.350			01/07/2027		12,600		(114	)		(119	)
	Call - OTC 2-Year Interest Rate Swap	6-Month EUR-EURIBOR		Receive		2.500			01/14/2027		5,100		(47	)		(10	)
	Put - OTC 2-Year Interest Rate Swap	6-Month EUR-EURIBOR		Pay		2.500			01/14/2027		5,100		(47	)		(36	)
SOG	Call - OTC 5-Year Interest Rate Swap	6-Month GBP-SOFR		Receive		4.000			08/27/2026		2,400		(14	)		(11	)
	Put - OTC 5-Year Interest Rate Swap	6-Month GBP-SOFR		Pay		4.500			08/27/2026		2,400		(14	)		(4	)

												$	(375	)	$	(208	)

Total Written Options												$	(784	)	$	(396	)

⁽¹⁾	Notional Amount represents the number of contracts.


Schedule of Investments PIMCO Long-Term Real Return Fund (Cont.)		June 30, 2026 (Unaudited)

FAIR VALUE MEASUREMENTS

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


Category and Subcategory	Level 1			Level 2			Level 3		Fair Value at 06/30/2026
Investments in Securities, at Value
Corporate Bonds & Notes
Banking & Finance	$	0		$	1,193		$	0	$	1,193
Industrials		0			2,347			0		2,347
U.S. Government Agencies		0			50,665			0		50,665
U.S. Treasury Obligations		0			316,629			0		316,629
Non-Agency Mortgage-Backed Securities		0			8,154			0		8,154
Asset-Backed Securities
CMBS Other		0			4,224			0		4,224
Home Equity Other		0			8,815			0		8,815
Whole Loan Collateral		0			767			0		767
Other ABS		0			5,721			1,828		7,549
Sovereign Issues		0			34,093			0		34,093
Preferred Securities
Banking & Finance		0			162			0		162
Short-Term Instruments
Mutual Funds		639			0			0		639

	$	639		$	432,770		$	1,828	$	435,237
Investments in Affiliates, at Value
Short-Term Instruments
Central Funds Used for Cash Management Purposes	$	851		$	0		$	0	$	851

Total Investments	$	1,490		$	432,770		$	1,828	$	436,088

Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared		105			430			0		535
Over the counter		0			1,351			0		1,351

	$	105		$	1,781		$	0	$	1,886
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared		(73	)		(209	)		0		(282	)
Over the counter		0			(900	)		0		(900	)

	$	(73	)	$	(1,109	)	$	0	$	(1,182	)

Total Financial Derivative Instruments	$	32		$	672		$	0	$	704

Totals	$	1,522		$	433,442		$	1,828	$	436,792

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

Notes to Financial Statements

1. BASIS FOR CONSOLIDATION

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


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

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

2. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS

(a) Investment Valuation Policies The net asset value (“NAV”) of a Fund’s shares, or each of their respective share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets, attributable to the Fund or class, less any liabilities, as applicable, by the total number of shares outstanding.

On each day that the New York Stock Exchange (“NYSE”) is open, each Funds’ shares are ordinarily valued as of the close of regular trading (normally 4:00 p.m., Eastern time) (“NYSE Close”). Information that becomes known to the Funds or their agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, each Fund may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. Each Fund generally does not calculate its NAV on days on which the NYSE is not open for business. If the NYSE is closed on a day it would normally be open for business, each Fund may calculate its NAV as of the NYSE Close for such day or such other time that each Fund may determine.

For purposes of calculating NAV, portfolio securities and other assets for which market quotations are readily available are valued at market value. A market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the Fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable. Market value is generally determined on the basis of official closing prices or the last reported sales prices. The Funds will normally use pricing data for domestic equity securities received shortly after the NYSE Close and do not normally take into account trading, clearances or settlements that take place after the NYSE Close.

A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by PIMCO to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Act. As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board has designated PIMCO as the valuation designee (“Valuation Designee”) for each Fund to perform the fair value determination relating to all Fund investments. PIMCO may carry out its designated responsibilities as Valuation Designee through various teams and committees. The Valuation Designee’s policies and procedures govern the Valuation Designee’s selection and application of methodologies for determining and calculating the fair value of Fund portfolio investments. The Valuation Designee may value Fund portfolio securities for which market quotations are not readily available and other Fund assets utilizing inputs from pricing services, quotation reporting systems, valuation agents and other third-party sources (together, “Pricing Sources”).

Notes to Financial Statements (Cont.)

Domestic and foreign (non-U.S.) fixed income securities, non-exchange traded derivatives and equity options are normally valued on the basis of quotes obtained from brokers and dealers or Pricing Sources using data reflecting the earlier closing of the principal markets for those securities. Prices obtained from Pricing Sources may be based on, among other things, information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Certain fixed income securities purchased on a delayed-delivery basis are marked to market daily until settlement at the forward settlement date. Common stocks, exchange-traded funds (“ETFs”), exchange-traded notes and financial derivative instruments, such as futures contracts, rights and warrants, or options on futures that are traded on a national securities exchange, are stated at the last reported sale or settlement price on the day of valuation. Exchange-traded options, except equity options, futures and options on futures, are valued at the settlement price determined by the relevant exchange. Swap agreements and swaptions are valued on the basis of bid quotes obtained from brokers and dealers or market-based prices supplied by Pricing Sources. With respect to any portion of a Fund’s assets that are invested in one or more open-end management investment companies, (other than ETFs), the Fund’s NAV will be calculated based on the NAVs of such investments. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security’s value has materially changed after the close of the security’s primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, a Fund may determine the fair value of investments based on information provided by Pricing Sources, which may recommend fair value or adjustments with reference to other securities, indexes or assets. In considering whether fair valuation is required and in determining fair values, the Valuation Designee may, among other things, consider significant events (which may be considered to include changes in the value of U.S. securities or securities indexes) that occur after the close of the relevant market and before the NYSE Close. A Fund may utilize modeling tools provided by third-party vendors to determine fair values of foreign (non-U.S.) securities. For these purposes, unless otherwise determined by the Valuation Designee, any movement in the applicable reference index or instrument (“zero trigger”) between the earlier close of the applicable foreign market and the NYSE Close may be deemed to be a significant event, prompting the application of the pricing model (effectively resulting in daily fair valuations). Foreign exchanges may permit trading in foreign (non-U.S.) equity securities on days when the Trust is not open for business, which may result in a Fund’s portfolio investments being affected when shareholders are unable to buy or sell shares.

Investments valued in currencies other than the U.S. dollar are converted to the U.S. dollar using exchange rates obtained from Pricing Sources. As a result, the value of such investments and, in turn, the NAV of a Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Trust is not open for business. As a result, to the extent that a Fund holds foreign (non-U.S.) investments, the value of those investments may change at times when shareholders are unable to buy or sell shares and the value of such investments will be reflected in each Fund’s next calculated NAV. An alternative exchange rate may be obtained from a Pricing Source or an exchange rate may otherwise be determined if believed to be more reflective of the rates at which a Fund may transact.

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

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

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

•

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

•

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

•

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

Assets or liabilities categorized as Level 2 or 3 as of period end have been transferred between Levels 2 and 3 since the prior period due to changes in the method utilized in valuing the investments. Transfers from Level 2 to Level 3 are a result of a change, in the normal course of business, from the use of methods used by Pricing Sources (Level 2) to the use of a Broker Quote or valuation technique which utilizes significant unobservable inputs due to an absence of current or reliable market-based data (Level 3). Transfers from Level 3 to Level 2 are a result of the availability of current and reliable market-based data provided by Pricing Sources or other valuation techniques which utilize significant observable inputs. In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for each respective Fund.

For fair valuations using significant unobservable inputs, U.S. GAAP requires a reconciliation of the beginning to ending balances for reported fair values that presents changes attributable to realized gain (loss), unrealized appreciation (depreciation), purchases and sales, accrued discounts (premiums), and transfers into and out of the Level 3 category during the period. The end of period value is used for the transfers between fair value Levels of a Fund’s assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for each respective Fund.

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

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

Notes to Financial Statements (Cont.)

Investments in registered open-end investment companies (other than ETFs) will be valued based upon the NAVs of such investments and are categorized as Level 1 of the fair value hierarchy. Investments in unregistered open-end investment companies will be calculated based upon the NAVs of such investments and are considered Level 1 provided that the NAVs are observable, calculated daily and are the value at which both purchases and sales will be conducted.

Fixed income securities including corporate, convertible and municipal bonds and notes, U.S. government agencies, U.S. treasury obligations, sovereign issues, bank loans, convertible preferred securities, non-U.S. bonds and short-term debt instruments (such as commercial paper, time deposits and certificates of deposit) are normally valued on the basis of quotes obtained from brokers and dealers or Pricing Sources that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The Pricing Sources’ internal models use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

Fixed income securities purchased on a delayed-delivery basis or as a repurchase commitment in a sale-buyback transaction are marked to market daily until settlement at the forward settlement date and are categorized as Level 2 of the fair value hierarchy.

Mortgage-related and asset-backed securities are usually issued as separate tranches, or classes, of securities within each deal. These securities are also normally valued by Pricing Sources that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The pricing models for these securities usually consider tranche-level attributes, current market data, estimated cash flows and market-based yield spreads for each tranche and incorporate deal collateral performance, as available. Mortgage-related and asset-backed securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

Valuation adjustments may be applied to certain securities that are solely traded on a foreign exchange to account for the market movement between the close of the foreign market and the NYSE Close. These securities are valued using Pricing Sources that consider the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments. Securities using these valuation adjustments are categorized as Level 2 of the fair value hierarchy. Preferred securities and other equities traded on inactive markets or valued by reference to similar instruments are also categorized as Level 2 of the fair value hierarchy.

Valuation adjustments may be applied to certain exchange traded futures and options to account for market movement between the exchange settlement and the NYSE Close. These securities are valued using quotes obtained from a quotation reporting system, established market makers or Pricing Sources. Financial derivatives using these valuation adjustments are categorized as Level 2 of the fair value hierarchy.

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

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

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

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

If third-party evaluated vendor pricing is not available or not deemed to be indicative of fair value, the Adviser may elect to obtain Broker Quotes directly from the broker-dealer or passed-through from a third-party vendor. In the event that fair value is based upon a single sourced Broker Quote, these securities are categorized as Level 3 of the fair value hierarchy. Broker Quotes are typically received from established market participants. Although independently received, the Adviser does not have the transparency to view the underlying inputs which support the market quotation. Significant changes in the Broker Quote would have direct and proportional changes in the fair value of the security.

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

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

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

Notes to Financial Statements (Cont.)

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

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

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

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

3. FEDERAL INCOME TAX MATTERS

Each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code (the “Code”) and distribute all of its taxable income and net realized gains, if applicable, to shareholders. Accordingly, no provision for Federal income taxes has been made.

A Fund may be subject to local withholding taxes, including those imposed on realized capital gains. Any applicable foreign capital gains tax is accrued daily based upon net unrealized gains and may be payable following the sale of any applicable investments.

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

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

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

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

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

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

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

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

Notes to Financial Statements (Cont.)

4. INVESTMENTS IN AFFILIATES

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

PIMCO All Asset Fund


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

Notes to Financial Statements (Cont.)

PIMCO All Asset All Authority Fund


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

Notes to Financial Statements (Cont.)

PIMCO Emerging Markets Full Spectrum Bond Fund


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

PIMCO Global Core Asset Allocation Fund


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

PIMCO Inflation Response Multi-Asset Fund


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

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund


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

Notes to Financial Statements (Cont.)

PIMCO Preferred And Capital Securities Active Exchange-Traded Fund


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

PIMCO Senior Loan Active Exchange-Traded Fund


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

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

⁽¹⁾

The tax characterization of distributions is determined in accordance with Federal income tax regulations and may contain a return of capital. The actual tax characterization of distributions received is determined at the end of the fiscal year of the affiliated fund, unless otherwise advised on IRS Form 1099-DIV.

Each Fund may invest in the PIMCO Short Asset Portfolio and the PIMCO Short-Term Floating NAV Portfolio III (“Central Funds”) to the extent permitted by the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Funds. The tables below show the Funds’ transactions in and earnings from investments in the affiliated funds for the period ended June 30, 2026 (amounts in thousands^†):

Investments in PIMCO Short Asset Portfolio


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

Notes to Financial Statements (Cont.)


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

Investments in PIMCO Short-Term Floating NAV Portfolio III


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

Notes to Financial Statements (Cont.)


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

Notes to Financial Statements (Cont.)


PIMCO Total Return Fund IV	15,120	23,307	(22,100	)	4	(1	)	16,330	106	0
PIMCO TRENDS Managed Futures Strategy Fund	66,104	45,168	(111,216	)	0	7		63	314	0

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

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

An affiliate includes any company in which a Fund owns 5% or more of the company’s outstanding voting shares. The table below represents transactions in and earnings from these affiliated issuers for the period ended June 30, 2026 (amounts in thousands^†, except number of shares).

PIMCO Income Fund


Security Name	Market Value at 03/31/2026		Purchases at cost		Proceeds from Sale			Net Realized Gain/(Loss)			Change in Unrealized Appreciation (Depreciation)			Market Value at 06/30/2026		Dividend Income		Shares Held at 06/30/2026
Clear Channel Outdoor Holdings, Inc.	$	120,544	$	0	$	0		$	0		$	2,543		$	123,087	$	0		50,862,666
iHeartMedia, Inc. ‘A’		26,362		0		(4,656	)		(21,338	)		33,755			34,123		0		7,954,032
iHeartMedia, Inc. ‘B’		31,386		0		0			0			13,678			45,064		0		12,214,441
Sierra Hamilton Holder LLC		2		0		0			0			(1	)		1		0		15,369,768
Westmoreland Mining LLC		1,925		671		0			0			(527	)		2,069		0		788,065
Windstream Servcies LLC		57,557		0		0			0			12,825			70,382		0		6,136,182

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


Glossary: (abbreviations that may be used in the preceding statements)		(Unaudited)



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

Currency Abbreviations:
ARS	Argentine Peso	HUF	Hungarian Forint	PLN	Polish Zloty
AUD	Australian Dollar	IDR	Indonesian Rupiah	PYG	Paraguayan Guarani
AZN	Azerbaijani Manat	ILS	Israeli Shekel	QAR	Qatari Riyal
BRL	Brazilian Real	INR	Indian Rupee	RON	Romanian New Leu
CAD	Canadian Dollar	JPY	Japanese Yen	RSD	Serbian Dinar
CHF	Swiss Franc	KES	Kenyan Schilling	SAR	Saudi Riyal
CLP	Chilean Peso	KRW	South Korean Won	SEK	Swedish Krona
CNH	Chinese Renminbi (Offshore)	KWD	Kuwaiti Dinar	SGD	Singapore Dollar
CNY	Chinese Renminbi (Mainland)	KZT	Kazakhstani Tenge	THB	Thai Baht
COP	Colombian Peso	LKR	Sri Lankan Rupee	TRY	Turkish New Lira
CRC	Costa Rican Colon	MNT	Mongolian Tugrik	TWD	Taiwanese Dollar
CZK	Czech Koruna	MXN	Mexican Peso	UGX	Ugandan Shilling
DKK	Danish Krone	MYR	Malaysian Ringgit	USD (or $)	United States Dollar
DOP	Dominican Peso	NGN	Nigerian Naira	UYU	Uruguayan Peso
EGP	Egyptian Pound	NOK	Norwegian Krone	UZS	Uzbekistani Sum
EUR	Euro	NZD	New Zealand Dollar	VND	Vietnamese Dong
GBP	British Pound	PEN	Peruvian New Sol	ZAR	South African Rand
GHS	Ghanaian Cedi	PHP	Philippine Peso	ZMW	Zambian Kwacha
HKD	Hong Kong Dollar	PKR	Pakistani Rupee

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

Index/Spread Abbreviations:					8840%sxsv
ABX.HE	Asset-Backed Securities Index - Home Equity	CSIXTR	Credit Suisse U.S. Dollar Total Return Index	NDDUWXUS	MSCI Daily TR Net World Ex USA Index
BACVWSAV	BofA Merrill Lynch Basket Excess Return Strategy Index	DWRTFT	Dow Jones Wilshire REIT Total Return Index	NDUEACWF	MSCI ACWI Index Future
BBSW3M	3 Month Bank Bill Swap Rate	ERADXULN	RAE Fundamental International Large Net Total Return Index	NDUEEGF	iShares MSCI Emerging Markets ETF
BCOMF1NTC	Bloomberg Commodity Index 1-Month Forward Total Return Custom Index	ERAEMLN	RAE Fundamental Emerging Markets Net Total Return Index	PIMCODB	PIMCO Custom Commodity Basket
BCOMF1TC	Bloomberg Commodity Index 1-Month Forward Total Return	ERAEMLT	eRAFI Emerging Markets Strategy Index	PIMCODBU	PIMCO Custom Commodity Basket
BCOMIN	Bloomberg Industrial Metals Subindex	ERAUSLT	eRAFI U.S. Large Strategy Index	primex	Prime Mortgage-Backed Securities Index - Adjustable Rate Mortgage
BCOMPR	Bloomberg Precious Metals Sub-Index	ERAUSST	eRAFI U.S. Small Strategy Index	RALVEIEN	RAE Emerging Markets Low Volatility Equity Income Index
BCOMTR	Bloomberg Commodity Index Total Return	EUR003M	3 Month EUR Swap Rate	RALVEIIN	RAE International Net Low Volatility Equity Income Index
BCOMTR1	Bloomberg Custom Commodity Index	EUR006M	6 Month EUR Swap Rate	RALVEIIT	RAE International Low Volatility Equity Income Total Return Index
BCOMTR2	Bloomberg Custom Commodity Index	FEDL01	Federal funds effective rate	RALVEIUT	RA U.S. Low Volatility Equity Income Total Return Index
BISTREFI	Turkish Lira Overnight Reference Rate	FHMMUSTF	Federated Hermes US Treasury Cash Reserves Fund Yield	RBCACS0T	Custom Commodity Forward Index
BNMMDTSC	Dreyfus Treasury Securites Cash Management Fund Yield	FRCPXTOB	France Consumer Price ex-Tobacco Index	RBCACST0	Custom Commodity Forward Index
BOBL	Bundesobligation, the German word for federal government bond	GOLDLNPM	London Gold Market Fixing Ltd. PM	RU20INTR	Russell 2000 Total Return Index


BP0003M	3 Month GBP-LIBOR	GSMMUSTF	Goldman Sachs Money Market US Treasury Fund Index	S&P 500	Standard & Poor’s 500 Index
Brent	Brent Crude	GSMMUSTI	Goldman Sachs Money Market US Treasury Instrument Index	SFE	Sydney Futures Exchange
BRMMUSDF	BlackRock Money Market US Treasury Fund Index	H15T1Y	1 Year US Treasury Yield Curve Constant Maturity Rate	SIBCSORA	Singapore Overnight Rate Average
CAONINDX	Bloomberg CORRA Compounded Index	HSMMUSTF	HSBC UST Money Market Yield	SOFR	Secured Overnight Financing Rate
CAONREPO	Canadian Overnight Repo Rate Average	IBR	Indicador Bancario de Referencia	SOFRINDX	Secured Overnight Financing Rate Index
CDX.EM	Credit Derivatives Index - Emerging Markets	IBXXLLTR	iBoxx USD Liquid Leveraged Loan Index	SONIA	Sterling Overnight Interbank Average Rate
CDX.HY	Credit Derivatives Index - High Yield	JMABFNJ2	J.P. Morgan Custom Commodity Index	SONIA3M IR	Sterling Overnight Index Average 3 Month Index Rate
CDX.IG	Credit Derivatives Index - Investment Grade	JMABNIC5	J.P. Morgan Custom Commodity Index	SONIO	Sterling Overnight Interbank Average Rate
CIXBSTR3	Custom Commodity Index	JMMMUSTF	JP Morgan Money Market US Treasury Fund Index	SPGCINP	S&P GSCI Industrial Metals ER
CMBX	Commercial Mortgage-Backed Index	JPACWILV	J.P. Morgan Custom Equity Index	SRFXON3	Swiss Overnight Rate Average (6PM)
CMDSKEWLS	CBEO SKEW Index is an index derived from the price of S&P 500 tail risk	JY0003M	3 Month JPY-LIBOR	TSFR1M	Term SOFR 1-Month
CNREPOFIX	China Fixing Repo Rates 7-Day	MLPIREIL	Merrill Lynch Custom Equity Index	TSFR3M	Term SOFR 3-Month
CORRA	Canadian Overnight Repo Rate Average	MLPIREIS	Merrill Lynch Custom Equity Index	TSFR6M	Term SOFR 6-Month
CPALEMU	Euro Area All Items Non-Seasonally Adjusted Index	MSMMUSTF	MSILF Money Market US Treasury Fund Index	UKRPI	United Kingdom Retail Prices Index
CPI	Consumer Price Index	MUNIPSA	Securities Industry and Financial Markets Association (SIFMA) Municipal Swap Index	ULSD	Ultra-Low Sulfur Diesel
CPTFEMU	Eurozone HICP ex-Tobacco Index	MUTKCALM	Tokyo Overnight Average Rate	US0003M	ICE 3-Month USD LIBOR
CPURNSA	Consumer Price All Urban Non-Seasonally Adjusted Index	NDDUEAFE	MSCI EAFE Index	WIRON	Warsaw Interbank Offered Rate

Municipal Bond or Agency Abbreviations:
ACA	American Capital Access Holding Ltd.	CNTY	County Guaranteed	HUD	U.S. Department of Housing and Urban Development
AGC	Assured Guaranty Corp.	CR	Custodial Receipts	NPFGC	National Public Finance Guarantee Corp.
AGM	Assured Guaranty Municipal	FHA	Federal Housing Administration	PSF	Public School Fund
AMBAC	American Municipal Bond Assurance Corp.	FHLMC	Federal Home Loan Mortgage Corp.	Q-SBLF	Qualified School Bond Loan Fund
BAM	Build America Mutual Assurance	FNMA	Federal National Mortgage Association	SGI	Syncora Guarantee, Inc.
CM	California Mortgage Insurance	GNMA	Government National Mortgage Association

Other Abbreviations:
ABS	Asset-Backed Security	JIBAR	Johannesburg Interbank Agreed Rate	REMIC	Real Estate Mortgage Investment Conduit
ALT	Alternate Loan Trust	JSC	Joint Stock Company	RMBS	Residential Mortgage-Backed Security
BABs	Build America Bonds	KLIBOR	Kuala Lumpur Interbank Offered Rate	SPDR	Standard & Poor’s Depositary Receipts
BBR	Bank Bill Rate	KORIBOR	Korea Interbank Offered Rate	STIBOR	Stockholm Interbank Offered Rate
BBSW	Bank Bill Swap Reference Rate	Lunar	Monthly payment based on 28-day periods. One year consists of 13 periods.	TBA	To-Be-Announced
BRL-CDI	Brazil Interbank Deposit Rate	MIBOR	Mumbai Interbank Offered Rate	TBD	To-Be-Determined
BTP	Buoni del Tesoro Poliennali “Long-term Treasury Bond”	MSCI	Morgan Stanley Capital International	TBD%	Interest rate to be determined when loan settles or at the time of funding
CDO	Collateralized Debt Obligation	NIBOR	Norwegian Interbank Offered Rate	TELBOR	Tel Aviv Inter-Bank Offered Rate
CHILIBOR	Chile Interbank Offered Rate	OAT	Obligations Assimilables du Trésor	THBFIX	Thai Baht Floating-Rate Fix
CLO	Collateralized Loan Obligation	OIS	Overnight Index Swap	THB-THOR	Thai Overnight Repurchase Rate
CMBS	Collateralized Mortgage-Backed Security	PIK	Payment-in-Kind	TIIE	Tasa de Interés Interbancaria de Equilibrio “Equilibrium Interbank Interest Rate”
DAC	Designated Activity Company	PRIBOR	Prague Interbank Offered Rate	WIBOR	Warsaw Interbank Offered Rate
EURIBOR	Euro Interbank Offered Rate	RBOB	Reformulated Blendstock for Oxygenate Blending	WTI	West Texas Intermediate
HIBOR	Hong Kong Interbank Offered Rate	REIT	Real Estate Investment Trust