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 September 30, 2026 ($ in thousands, except shares):

 

Components of Net Asset Value

   

Investments at fair value (cost of $1,350,829)

    $ 1,323,293  

Cash and cash equivalents

      70,602  

Other assets

      26,688  

Other liabilities

      (728,294 ) 

Transactional Net Asset Value

    $ 692,289  

Number of outstanding shares

      68,438,084  

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 September 30, 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
September 30, 2026		  

Anchor I Shares

    $ 208,086        20,555,668      $ 10.12  

Anchor I-B Shares

    $ 48,170        4,761,612      $ 10.12  

Anchor II Shares

    $ 243,127        24,071,179      $ 10.10  

Anchor II-B Shares

    $ 1        110      $ 10.13  

Anchor III Shares

    $ 101,903        10,061,591      $ 10.13  

E Shares

    $ 50,557        4,977,897      $ 10.16  

Standard A Shares

    $ 40,443        4,009,877      $ 10.09  

Standard B Shares

    $ 1        110      $ 10.14  

V Shares

    $ 1        40      $ 25.00  
  

 

 

     

 

 

     

Total

    $ 692,289        68,438,084     

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 September 30, 2026 ($ in thousands):

 

     As of September 30, 2026  

GAAP Net Asset Value

    $ 690,647  

Adjustment:

   

Distribution and servicing fee(1)

      1,642  
  

 

 

  

Transactional Net Asset Value

    $ 692,289  
  

 

 

  
 
(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.