Exhibit 99.1

Net Asset Value

We calculate net asset value per share in accordance with our valuation policies and procedures. Our GAAP net asset value (“GAAP Net Asset Value”) is our net asset value determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Our transactional net asset value (“Transactional Net Asset Value”) is used to calculate the prices at which we sell our shares, except our V Shares, by adjusting our GAAP Net Asset Value as of each relevant valuation date for the recognition of the distribution and servicing fee on a monthly basis as such fee is incurred. The tables that follow include the Transactional Net Asset Value of outstanding shares as of August 31, 2026 ($ in thousands, except shares):

 

Components of Net Asset Value       

Investments at fair value (cost of $1,062,353)

    $ 1,055,227  

Cash and cash equivalents

      84,660  

Other assets

      22,941  

Other liabilities

      (521,830 ) 

Transactional Net Asset Value

    $ 640,998

Number of outstanding shares

      62,651,983  

The following table provides a breakdown of our total Transactional Net Asset Value and our Transactional Net Asset Value per share by class as of August 31, 2026 ($ in thousands, except shares and per share data):

 

Class

    Monthly Transactional
Net Asset Value		      Number of
outstanding shares		      Transactional Net Asset
Value per share as of
August 31, 2026		  

Anchor I Shares

    $ 196,765        19,224,817      $ 10.23  

Anchor I-B Shares

    $ 41,534        4,056,748      $ 10.24  

Anchor II Shares

    $ 228,793        22,414,576      $ 10.21  

Anchor II-B Shares

    $ 1        110      $ 10.24  

Anchor III Shares

    $ 103,174        10,061,591      $ 10.25  

E Shares

    $ 49,875        4,848,830      $ 10.29  

Standard A Shares

    $ 20,854        2,045,161      $ 10.20  

Standard B Shares

    $ 1        110      $ 10.23  

V Shares

    $ 1        40      $ 25.00  
  

 

 

     

 

 

     

Total

    $ 640,998        62,651,983     

Reconciliation of Transactional Net Asset Value to GAAP Net Asset Value

The following table reconciles our Transactional Net Asset Value to GAAP Net Asset Value as of August 31, 2026 ($ in thousands):

 

     As of August 31, 2026  

GAAP Net Asset Value

    $ 639,544  

Adjustment:

   

Distribution and servicing fee(1)

      1,454  
  

 

 

  

Transactional Net Asset Value

    $ 640,998  
  

 

 

  
 
(1)

Adjustment applies to Anchor I-B Shares, Anchor II-B Shares, and Standard B Shares of PIMCO Asset-Based Lending Company LLC - Series II (“Series II”). For purposes of Transactional Net Asset Value, we recognize the distribution and servicing fee as a reduction to Transactional Net Asset Value on a monthly basis as such fee is incurred. For purposes of GAAP Net Asset Value, we accrue the cost of the distribution and servicing fee, as applicable, for the estimated remaining life of the Anchor I-B Shares, Anchor II-B Shares, and Standard B Shares of Series II as of the date of such Transactional Net Asset Value.