Schedule of Investments PIMCO Dividend and Income Fund September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		PRINCIPAL AMOUNT (000s)		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 104.9% ¤
ASSET-BACKED SECURITIES 8.6%
CAYMAN ISLANDS 0.2%
TruPS Financials Note Securitization Ltd. 5.097% due 09/20/2039 ~	$	311	$	295
Total Cayman Islands				295
UNITED STATES 8.4%
Bear Stearns Asset-Backed Securities Trust 4.959% due 12/25/2034 ~		945		898
Citigroup Mortgage Loan Trust 3.714% due 02/25/2035 •		1,039		972
Conseco Finance Corp. 6.280% due 09/01/2030		45		46
Credit Suisse First Boston Mortgage Securities Corp. 3.394% due 01/25/2032 ~		539		510
EMC Mortgage Loan Trust 4.384% due 02/25/2041 ~		21		20
Home Equity Asset Trust 3.789% due 01/25/2036 ~		135		128
LCCM Trust 4.268% due 11/15/2038 •		1,000		956
Morgan Stanley Home Equity Loan Trust 3.184% due 12/25/2036 •		1,409		737
Navient Student Loan Trust 4.134% due 12/27/2066 ~		425		421
Option One Mortgage Loan Trust 3.304% due 04/25/2037 ~		2,017		1,475
Residential Asset Mortgage Products Trust 4.149% due 05/25/2035 •		1,000		944
Residential Asset Securities Corp. Trust 3.969% due 01/25/2034 •		357		353
SLM Private Credit Student Loan Trust 3.623% due 06/15/2039 •		988		941
SMB Private Education Loan Trust 3.735% due 02/16/2055 ~		856		844
Soundview Home Loan Trust
3.489% due 12/25/2036 ~		1,000		962
4.084% due 09/25/2037 ~		1,933		1,460
Structured Asset Investment Loan Trust 3.234% due 09/25/2036 •		560		543
Upstart Securitization Trust 1.310% due 11/20/2031		575		557
Total United States				12,767
Total Asset-Backed Securities (Cost $13,866)				13,062
LOAN PARTICIPATIONS AND ASSIGNMENTS 3.5%
LUXEMBOURG 0.0%
Intelsat Jackson Holdings SA 7.445% due 02/01/2029		56		52
Total Luxembourg				52
PANAMA 0.5%
Carnival Corp.
5.877% (LIBOR06M + 3.000%) due 06/30/2025 ~		396		362
6.127% (LIBOR06M + 3.250%) due 10/18/2028 ~		519		458
Total Panama				820
UNITED KINGDOM 0.8%
Ineos Finance PLC 2.685% (EUR001M + 2.000%) due 04/01/2024 ~	EUR	832		789

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

Softbank Vision Fund 5.000% due 12/21/2025 «	$	376	375
Total United Kingdom			1,164
UNITED STATES 2.2%
Avolon TLB Borrower 1 (U.S.) LLC 4.514% (LIBOR01M + 1.500%) due 02/12/2027 ~		7	7
Caesars Resort Collection LLC 5.865% (LIBOR01M + 2.750%) due 12/23/2024 ~		975	954
Envision Healthcare Corp.
TBD% due 04/29/2027 µ		15	15
10.602% due 04/29/2027		85	83
14.077% due 04/28/2028		144	134
Hilton Worldwide Finance LLC 4.834% (LIBOR01M + 1.750%) due 06/22/2026 ~		230	223
Lealand Finance Co. BV 6.115% (LIBOR01M + 3.000%) due 06/28/2024 ~		1	1
Lealand Finance Co. BV (4.115% Cash and 3.000% PIK) 7.115% (LIBOR01M + 1.000%) due 06/30/2025 ~(a)		3	1
Press Ganey (Azalea Topco) 6.615% (LIBOR01M + 3.500%) due 07/24/2026 ~		3	3
PUG LLC 6.615% (LIBOR01M + 3.500%) due 02/12/2027 «~		4	3
SkyMiles IP Ltd. 6.460% (LIBOR03M + 3.750%) due 10/20/2027 ~		550	553
Sotera Health Holdings LLC 5.865% (LIBOR01M + 2.750%) due 12/11/2026 ~		525	465
Syniverse Holdings, Inc. 10.553% due 05/13/2027		8	7
Uber Technologies, Inc. 6.570% (LIBOR03M + 3.500%) due 02/25/2027 ~		887	867
Westmoreland Mining Holdings LLC (15.000% PIK) TBD% - 15.000% due 03/15/2029 (a)		5	3
Total United States			3,319
Total Loan Participations and Assignments (Cost $5,830)			5,355
		SHARES
COMMON STOCKS 45.3%
AUSTRALIA 2.0%
CONSUMER DISCRETIONARY 0.1%
Aristocrat Leisure Ltd.		4,897	103
INDUSTRIALS 0.1%
Aurizon Holdings Ltd.		47,768	106
Brambles Ltd.		15,977	117
			223
MATERIALS 1.8%
BHP Group Ltd.		67,507	1,678
Fortescue Metals Group Ltd.		44,625	479
Rio Tinto Ltd.		9,967	603
			2,760
Total Australia			3,086
BELGIUM 0.2%
FINANCIALS 0.1%
Ageas SA		5,217	190
UTILITIES 0.1%
Elia Group SA		754	89
Total Belgium			279
BRAZIL 1.2%
COMMUNICATION SERVICES 0.1%
Telefonica Brasil SA		13,200	99
CONSUMER STAPLES 0.2%
Ambev SA		124,800	359

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

ENERGY 0.1%
Petroleo Brasileiro SA	23,800	146
FINANCIALS 0.1%
Banco do Brasil SA	23,100	165
MATERIALS 0.7%
Vale SA	84,300	1,126
Total Brazil		1,895
CANADA 0.4%
CONSUMER DISCRETIONARY 0.0%
Canadian Tire Corp. Ltd. 'A'	700	74
CONSUMER STAPLES 0.3%
George Weston Ltd.	1,089	114
Loblaw Cos., Ltd.	4,353	345
		459
INDUSTRIALS 0.1%
Toromont Industries Ltd.	2,095	146
Total Canada		679
CHILE 0.1%
FINANCIALS 0.1%
Banco de Chile	1,094,799	96
Total Chile		96
CHINA 2.1%
COMMUNICATION SERVICES 0.1%
China Tower Corp. Ltd. 'H'	928,000	99
CONSUMER STAPLES 0.1%
Tsingtao Brewery Co. Ltd. 'H'	16,000	151
ENERGY 0.1%
China Shenhua Energy Co. Ltd. 'H'	89,000	265
FINANCIALS 1.6%
China Construction Bank Corp. 'H'	2,513,000	1,451
Industrial & Commercial Bank of China Ltd. 'H'	1,486,000	697
PICC Property & Casualty Co. Ltd. 'H'	184,000	190
Postal Savings Bank of China Co. Ltd. 'H'	209,000	123
		2,461
INDUSTRIALS 0.1%
COSCO SHIPPING Holdings Co. Ltd. 'H'	81,000	94
INFORMATION TECHNOLOGY 0.1%
Lenovo Group Ltd.	190,000	131
Total China		3,201
CZECH REPUBLIC 0.1%
UTILITIES 0.1%
CEZ AS	4,185	143
Total Czech Republic		143
DENMARK 0.3%
CONSUMER STAPLES 0.1%
Carlsberg AS 'B'	1,090	128
INDUSTRIALS 0.2%
AP Moller - Maersk AS 'A'	82	145

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

AP Moller - Maersk AS 'B'	135	245
		390
Total Denmark		518
FRANCE 1.2%
CONSUMER STAPLES 0.2%
Danone SA	4,371	207
HEALTH CARE 0.6%
Sanofi	12,576	958
INDUSTRIALS 0.4%
Bouygues SA	6,065	158
Eiffage SA	2,204	177
Thales SA	2,823	311
		646
Total France		1,811
GERMANY 0.4%
CONSUMER DISCRETIONARY 0.2%
Mercedes-Benz Group AG	5,394	273
UTILITIES 0.2%
RWE AG	9,554	351
Total Germany		624
GREECE 0.1%
CONSUMER DISCRETIONARY 0.1%
OPAP SA	8,207	98
Total Greece		98
HONG KONG 0.4%
INDUSTRIALS 0.1%
Orient Overseas International Ltd.	4,000	70
SITC International Holdings Co. Ltd.	35,000	64
		134
REAL ESTATE 0.2%
CK Asset Holdings Ltd.	53,500	321
UTILITIES 0.1%
CLP Holdings Ltd.	13,500	102
Total Hong Kong		557
INDONESIA 0.6%
COMMUNICATION SERVICES 0.3%
Telkom Indonesia Persero Tbk PT	1,332,000	388
CONSUMER DISCRETIONARY 0.1%
Astra International Tbk PT	534,400	232
ENERGY 0.1%
Adaro Energy Indonesia Tbk PT	419,500	108
FINANCIALS 0.1%
Bank Mandiri Persero Tbk PT	206,700	127
Total Indonesia		855
ISRAEL 0.0%
INDUSTRIALS 0.0%
ZIM Integrated Shipping Services Ltd.	2,133	50

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

Total Israel		50
ITALY 0.1%
UTILITIES 0.1%
Snam SpA	54,130	219
Total Italy		219
JAPAN 2.7%
COMMUNICATION SERVICES 0.5%
KDDI Corp.	16,300	477
Nippon Telegraph & Telephone Corp.	9,800	264
		741
CONSUMER STAPLES 0.4%
Japan Tobacco, Inc.	31,700	521
MEIJI Holdings Co. Ltd.	2,800	124
		645
HEALTH CARE 0.8%
Astellas Pharma, Inc.	44,100	584
Chugai Pharmaceutical Co. Ltd.	13,800	345
Eisai Co. Ltd.	6,600	354
		1,283
INDUSTRIALS 0.8%
ITOCHU Corp.	31,400	758
Mitsui OSK Lines Ltd.	4,300	77
Nippon Yusen KK	12,600	214
Taisei Corp.	4,700	130
		1,179
MATERIALS 0.1%
Nitto Denko Corp.	3,600	195
UTILITIES 0.1%
Osaka Gas Co. Ltd.	9,800	148
Total Japan		4,191
LUXEMBOURG 0.1%
FINANCIALS 0.1%
Intelsat SA«(c)(i)	2,886	81
Total Luxembourg		81
MALAYSIA 0.1%
MATERIALS 0.1%
Petronas Chemicals Group Bhd	64,400	116
Total Malaysia		116
MEXICO 0.0%
CONSUMER DISCRETIONARY 0.0%
Desarrolladora Homex SAB de CV(c)	41,996	0
Total Mexico		0
NETHERLANDS 0.5%
CONSUMER STAPLES 0.5%
Koninklijke Ahold Delhaize NV	27,668	705
Total Netherlands		705
NORWAY 0.2%
COMMUNICATION SERVICES 0.1%
Telenor ASA	18,309	167

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

ENERGY 0.1%
Equinor ASA	2,818	93
Total Norway		260
PORTUGAL 0.3%
CONSUMER STAPLES 0.1%
Jeronimo Martins SGPS SA	7,450	139
UTILITIES 0.2%
EDP - Energias de Portugal SA	74,517	323
Total Portugal		462
SOUTH AFRICA 0.6%
COMMUNICATION SERVICES 0.2%
MTN Group Ltd.	45,502	300
ENERGY 0.1%
Exxaro Resources Ltd.	8,717	97
FINANCIALS 0.3%
Absa Group Ltd.	21,081	205
FirstRand Ltd.	57,282	191
Nedbank Group Ltd.	12,352	136
		532
Total South Africa		929
SOUTH KOREA 0.3%
CONSUMER DISCRETIONARY 0.2%
Kia Corp.	6,956	346
CONSUMER STAPLES 0.1%
KT&G Corp.	2,837	172
Total South Korea		518
SPAIN 0.7%
FINANCIALS 0.5%
Banco Bilbao Vizcaya Argentaria SA	172,129	772
UTILITIES 0.2%
Endesa SA	8,172	123
Red Electrica Corp. SA	10,627	163
		286
Total Spain		1,058
SWEDEN 0.3%
INFORMATION TECHNOLOGY 0.3%
Telefonaktiebolaget LM Ericsson 'B'	78,342	458
Total Sweden		458
SWITZERLAND 3.7%
CONSUMER STAPLES 0.2%
Nestle SA	3,081	333
HEALTH CARE 3.2%
Novartis AG	27,030	2,061
Roche Holding AG	8,214	2,720
		4,781
INDUSTRIALS 0.2%
Kuehne + Nagel International AG	1,436	292

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

INFORMATION TECHNOLOGY 0.1%
STMicroelectronics NV	5,695	177
Total Switzerland		5,583
TAIWAN 0.8%
INFORMATION TECHNOLOGY 0.8%
MediaTek, Inc.	29,000	500
Realtek Semiconductor Corp.	12,000	101
Taiwan Semiconductor Manufacturing Co. Ltd.	8,000	106
Unimicron Technology Corp.	33,000	121
United Microelectronics Corp.	310,000	347
		1,175
Total Taiwan		1,175
UNITED KINGDOM 3.3%
CONSUMER STAPLES 0.6%
British American Tobacco PLC	10,283	369
Imperial Brands PLC	24,236	498
		867
ENERGY 0.0%
Noble Corp. PLC(c)	2,136	63
HEALTH CARE 0.4%
GSK PLC	43,015	622
INDUSTRIALS 0.4%
BAE Systems PLC	71,387	627
MATERIALS 1.6%
Anglo American PLC	24,992	751
Rio Tinto PLC	29,708	1,607
		2,358
UTILITIES 0.3%
SSE PLC	28,129	475
Total United Kingdom		5,012
UNITED STATES 22.5%
COMMUNICATION SERVICES 0.1%
Clear Channel Outdoor Holdings, Inc.(c)	29,821	41
iHeartMedia, Inc. 'A'(c)	6,979	51
iHeartMedia, Inc. 'B'«(c)	5,486	36
		128
CONSUMER DISCRETIONARY 0.8%
Genuine Parts Co.	3,754	560
LKQ Corp.	7,160	338
McDonald's Corp.	1,058	244
Target Corp.	715	106
		1,248
CONSUMER STAPLES 4.7%
Altria Group, Inc.	48,060	1,941
Archer-Daniels-Midland Co.	1,294	104
Coca-Cola Co.	7,566	424
Kroger Co.	15,788	691
Philip Morris International, Inc.	25,436	2,111
Procter & Gamble Co.	11,516	1,454
Tyson Foods, Inc. 'A'	7,669	505
		7,230
ENERGY 1.4%
APA Corp.	8,984	307
Marathon Oil Corp.	6,451	146
Marathon Petroleum Corp.	14,522	1,442
Phillips 66	1,282	104

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

Valero Energy Corp.		1,646	176
			2,175
FINANCIALS 4.2%
Aflac, Inc.		16,427	923
American International Group, Inc.		21,265	1,010
Ameriprise Financial, Inc.		2,637	664
Capital One Financial Corp.		1,109	102
Discover Financial Services		7,534	685
Fifth Third Bancorp		7,918	253
Hartford Financial Services Group, Inc.		8,771	543
KeyCorp		25,030	401
MetLife, Inc.		3,992	243
Principal Financial Group, Inc.		4,093	295
Regions Financial Corp.		24,784	498
Synchrony Financial		13,461	380
U.S. Bancorp		11,610	468
			6,465
HEALTH CARE 5.5%
Bristol-Myers Squibb Co.		3,297	234
CVS Health Corp.		3,732	356
Elevance Health, Inc.		230	105
Johnson & Johnson		17,462	2,853
Merck & Co., Inc.		28,255	2,433
Pfizer, Inc.		52,350	2,291
Quest Diagnostics, Inc.		570	70
			8,342
INDUSTRIALS 2.5%
General Dynamics Corp.		6,336	1,344
Lockheed Martin Corp.		4,868	1,881
Neiman Marcus Group Ltd. LLC«(c)(i)		1,124	204
Textron, Inc.		5,721	333
Westmoreland Mining Holdings«(c)(i)		53	0
			3,762
INFORMATION TECHNOLOGY 2.8%
Apple, Inc.		7,174	992
Broadcom, Inc.		2,763	1,227
Cisco Systems, Inc.		38,103	1,524
Microsoft Corp.		683	159
NetApp, Inc.		1,623	100
Texas Instruments, Inc.		1,446	224
			4,226
MATERIALS 0.3%
CF Industries Holdings, Inc.		1,685	162
LyondellBasell Industries NV 'A'		3,256	245
			407
UTILITIES 0.2%
NRG Energy, Inc.		6,222	238
Total United States			34,221
Total Common Stocks (Cost $76,923)			68,880
		PRINCIPAL AMOUNT (000s)
CONVERTIBLE BONDS & NOTES 0.0%
CAYMAN ISLANDS 0.0%
INDUSTRIALS 0.0%
Transocean, Inc. 4.625% due 09/30/2029	$	14	12

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

Total Convertible Bonds & Notes (Cost $15)			12
CORPORATE BONDS & NOTES 10.6%
AUSTRIA 0.4%
BANKING & FINANCE 0.4%
Erste Group Bank AG 6.500% due 04/15/2024 •(g)(h)	EUR	600	547
Total Austria			547
BERMUDA 0.2%
INDUSTRIALS 0.2%
Valaris Ltd. (8.250% Cash or 12.000% PIK) 8.250% due 04/30/2028 (a)	$	1	1
Viking Ocean Cruises Ship Ltd. 5.625% due 02/15/2029		300	234
			235
Total Bermuda			235
BRAZIL 0.0%
INDUSTRIALS 0.0%
Odebrecht Oil & Gas Finance Ltd. 0.000% due 10/31/2022 (d)(g)		46	0
Total Brazil			0
CAYMAN ISLANDS 0.3%
BANKING & FINANCE 0.0%
Park Aerospace Holdings Ltd.
5.500% due 02/15/2024		3	3
4.500% due 03/15/2023		21	21
			24
INDUSTRIALS 0.3%
MGM China Holdings Ltd.
5.375% due 05/15/2024		200	176
4.750% due 02/01/2027		253	197
Noble Corp. PLC (11.000% Cash or 15.000% PIK) 11.000% due 02/15/2028 (a)		5	5
Transocean, Inc.
8.000% due 02/01/2027		10	7
7.500% due 01/15/2026		10	8
			393
UTILITIES 0.0%
Odebrecht Drilling Norbe Ltd. (6.350% Cash and 1.000% PIK) 7.350% due 12/01/2026 ^(a)		101	58
Transocean Phoenix 2 Ltd. 7.750% due 10/15/2024		2	2
			60
Total Cayman Islands			477
HONG KONG 0.1%
BANKING & FINANCE 0.1%
Huarong Finance Co. Ltd. 3.875% due 11/13/2029		265	181
Total Hong Kong			181
IRELAND 0.1%
INDUSTRIALS 0.1%
Russian Railways Via RZD Capital PLC 7.487% due 03/25/2031 ^(b)	GBP	300	84

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

Total Ireland			84
ITALY 0.2%
BANKING & FINANCE 0.2%
UniCredit SpA 7.830% due 12/04/2023	$	370	373
Total Italy			373
JAPAN 0.5%
INDUSTRIALS 0.5%
Nissan Motor Co. Ltd. 4.810% due 09/17/2030		868	704
Total Japan			704
LIBERIA 0.6%
INDUSTRIALS 0.6%
Royal Caribbean Cruises Ltd. 9.125% due 06/15/2023		895	912
Total Liberia			912
LUXEMBOURG 0.1%
INDUSTRIALS 0.1%
Intelsat Jackson Holdings SA 6.500% due 03/15/2030		208	177
Total Luxembourg			177
PERU 0.0%
BANKING & FINANCE 0.0%
Banco de Credito del Peru SA 4.650% due 09/17/2024	PEN	100	23
Total Peru			23
SPAIN 0.1%
INDUSTRIALS 0.1%
Cellnex Finance Co. SA 3.875% due 07/07/2041	$	260	163
Total Spain			163
SWITZERLAND 0.2%
BANKING & FINANCE 0.2%
Credit Suisse Group AG 7.500% due 12/11/2023 •(g)(h)		365	337
Total Switzerland			337
UNITED KINGDOM 1.2%
BANKING & FINANCE 1.0%
Barclays Bank PLC 7.625% due 11/21/2022 (h)		454	454
Barclays PLC 7.750% due 09/15/2023 •(g)(h)		600	556
HSBC Holdings PLC 6.000% due 09/29/2023 •(g)(h)	EUR	320	309
Lloyds Banking Group PLC 7.625% due 06/27/2023 •(g)(h)	GBP	200	227
			1,546
INDUSTRIALS 0.2%
Market Bidco Finco PLC 4.750% due 11/04/2027	EUR	100	78
Marston's Issuer PLC 4.315% (SONIO/N + 2.669%) due 07/16/2035 ~	GBP	200	177

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

Mitchells & Butlers Finance PLC 2.687% (BP0003M + 0.450%) due 12/15/2030 ~		87	90
			345
Total United Kingdom			1,891
UNITED STATES 6.4%
BANKING & FINANCE 0.2%
EPR Properties
4.950% due 04/15/2028	$	2	2
4.750% due 12/15/2026		2	2
GLP Capital LP
5.250% due 06/01/2025		3	3
5.300% due 01/15/2029		19	17
Omega Healthcare Investors, Inc. 3.625% due 10/01/2029		8	7
VICI Properties LP 4.625% due 06/15/2025		237	223
			254
INDUSTRIALS 3.8%
American Airlines Pass-Through Trust
2.875% due 01/11/2036		482	393
3.350% due 04/15/2031		8	7
Boeing Co. 6.125% due 02/15/2033		400	384
Carvana Co.
5.500% due 04/15/2027		230	126
10.250% due 05/01/2030		200	134
Community Health Systems, Inc. 8.000% due 03/15/2026		184	160
Coty, Inc. 3.875% due 04/15/2026	EUR	245	217
CVS Pass-Through Trust 8.353% due 07/10/2031	$	391	423
DISH DBS Corp. 5.250% due 12/01/2026		490	402
Energy Transfer LP 4.950% due 05/15/2028		4	4
Exela Intermediate LLC 11.500% due 07/15/2026		12	3
Hyatt Hotels Corp. 4.850% due 03/15/2026		900	876
Netflix, Inc. 5.375% due 11/15/2029		8	7
Prime Healthcare Services, Inc. 7.250% due 11/01/2025		1,208	1,080
RegionalCare Hospital Partners Holdings, Inc. 9.750% due 12/01/2026		230	206
Topaz Solar Farms LLC
5.750% due 09/30/2039		67	62
4.875% due 09/30/2039		9	8
U.S. Renal Care, Inc. 10.625% due 07/15/2027		6	3
Western Midstream Operating LP 3.555% (US0003M + 1.850%) due 01/13/2023 ~		4	4
Wynn Resorts Finance LLC 7.750% due 04/15/2025		1,400	1,369
			5,868
UTILITIES 2.4%
Pacific Gas & Electric Co.
4.600% due 06/15/2043		210	149
4.750% due 02/15/2044		120	86
3.250% due 06/01/2031		559	427
4.250% due 03/15/2046		4	3
3.750% due 07/01/2028		110	93
4.550% due 07/01/2030		127	109
4.950% due 07/01/2050		805	591
4.500% due 07/01/2040		131	96
3.750% due 08/15/2042		2	1
2.950% due 03/01/2026		53	47
4.500% due 12/15/2041		2	1
3.250% due 06/15/2023		23	23
3.400% due 08/15/2024		35	33
4.000% due 12/01/2046		2	1
3.300% due 03/15/2027		20	17
4.200% due 03/01/2029		200	170
Southern California Edison Co. 4.875% due 03/01/2049		1	1

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

Sprint Communications LLC 6.000% due 11/15/2022		900	901
Sprint Corp.
7.625% due 02/15/2025		400	411
7.125% due 06/15/2024		435	442
7.625% due 03/01/2026		7	7
			3,609
Total United States			9,731
VENEZUELA 0.0%
INDUSTRIALS 0.0%
Petroleos de Venezuela SA
6.000% due 11/15/2026 ^(b)		300	7
6.000% due 05/16/2024 ^(b)		20	1
9.750% due 05/17/2035 ^(b)		20	0
			8
Total Venezuela			8
VIRGIN ISLANDS (BRITISH) 0.2%
INDUSTRIALS 0.2%
Studio City Finance Ltd. 5.000% due 01/15/2029		550	245
Total Virgin Islands (British)			245
Total Corporate Bonds & Notes (Cost $19,706)			16,088
NON-AGENCY MORTGAGE-BACKED SECURITIES 5.3%
IRELAND 0.4%
Kinbane DAC 0.000% due 09/25/2062 ~		671	638
Total Ireland			638
UNITED KINGDOM 0.7%
Eurosail PLC
2.926% due 09/13/2045 •	GBP	339	367
3.176% due 06/13/2045 •		446	494
Grifonas Finance PLC 1.264% due 08/28/2039 •	EUR	195	178
Total United Kingdom			1,039
UNITED STATES 4.2%
Banc of America Alternative Loan Trust 6.000% due 07/25/2046 ^	$	46	38
Banc of America Funding Trust 3.081% due 05/20/2036 ^~		6	6
Banc of America Mortgage Trust
3.222% due 11/20/2046 ^~		3	3
6.000% due 10/25/2036 ^		9	7
Bear Stearns Mortgage Funding Trust 7.500% due 08/25/2036 þ		13	13
Benchmark Mortgage Trust 3.626% due 09/15/2048 ~		865	793
Chase Mortgage Finance Trust 3.601% due 09/25/2036 ^~		20	17
Countrywide Alternative Loan Trust
6.000% due 06/25/2036 ^		85	53
6.000% due 02/25/2037 ^		50	20
6.250% due 12/25/2036 ^•		20	10
Countrywide Home Loan Mortgage Pass-Through Trust 3.584% due 07/25/2037 ^•		14	4
Credit Suisse First Boston Mortgage Securities Corp. 6.000% due 01/25/2036 ^		29	19
Credit Suisse First Boston Mortgage-Backed Pass-Through Certificates 6.000% due 11/25/2035 ^		310	99
Credit Suisse Mortgage Capital Certificates 2.370% due 12/29/2037 ~		107	73
DBGS Mortgage Trust 5.468% due 10/15/2036 ~		900	820
First Horizon Alternative Mortgage Securities Trust 3.163% due 06/25/2036 ^~		141	117
HSI Asset Loan Obligation Trust 6.000% due 06/25/2037 ^		2	2
JP Morgan Alternative Loan Trust 5.843% due 05/26/2037 ~		42	35

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

JP Morgan Chase Commercial Mortgage Securities Trust 5.333% due 11/15/2038 •	967	920
JP Morgan Mortgage Trust 6.500% due 07/25/2036 ^	81	39
Legacy Mortgage Asset Trust 4.243% due 01/28/2070 •	258	257
Merrill Lynch Mortgage Investors Trust 2.611% due 03/25/2036 ^~	10	5
Morgan Stanley Capital Trust 4.768% due 07/15/2035 •	977	951
OBX Trust 3.934% due 04/25/2048 ~	34	34
Residential Accredit Loans, Inc. Trust
3.884% due 10/25/2045 •	45	40
5.500% due 03/25/2037 ^	229	186
6.250% due 03/25/2037 ^	19	15
Structured Adjustable Rate Mortgage Loan Trust 3.469% due 10/25/2036 ^~	1,280	802
Wells Fargo Alternative Loan Trust 3.589% due 07/25/2037 ^~	451	401
Wells Fargo Commercial Mortgage Trust 3.412% due 09/15/2058	644	628
Total United States		6,407
Total Non-Agency Mortgage-Backed Securities (Cost $8,855)		8,084
MUNICIPAL BONDS & NOTES 0.1%
ILLINOIS 0.0%
Illinois State General Obligation Bonds, (BABs), Series 2010
6.630% due 02/01/2035	15	15
7.350% due 07/01/2035	5	5
Total Illinois		20
PUERTO RICO 0.1%
Commonwealth of Puerto Rico Bonds, Series 2022 0.000% due 11/01/2043	44	22
Commonwealth of Puerto Rico General Obligation Bonds, Series 2021 0.000% due 07/01/2033 (d)	11	6
Puerto Rico Electric Power Authority Revenue Bonds, (BABs), Series 2010 6.125% due 07/01/2040 ^(b)	100	76
Total Puerto Rico		104
Total Municipal Bonds & Notes (Cost $83)		124
	SHARES
PREFERRED STOCKS 0.6%
BRAZIL 0.4%
ENERGY 0.4%
Petroleo Brasileiro SA	125,800	695
Total Brazil		695
UNITED KINGDOM 0.1%
BANKING & FINANCE 0.1%
Nationwide Building Society 10.250% ~	1,130	148
Total United Kingdom		148
UNITED STATES 0.1%
INDUSTRIALS 0.1%
General Electric Co. 6.623% (US0003M + 3.330%) due 12/15/2022 ~(g)	169,000	159

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

Total United States			159
Total Preferred Stocks (Cost $1,034)			1,002
REAL ESTATE INVESTMENT TRUSTS 5.5%
AUSTRALIA 0.1%
REAL ESTATE 0.1%
Stockland		61,739	129
Total Australia			129
UNITED STATES 5.4%
FINANCIALS 0.1%
Annaly Capital Management, Inc.		11,401	196
REAL ESTATE 5.3%
Apartment Income REIT Corp.		9,607	371
Apple Hospitality REIT, Inc.		25,789	363
Boston Properties, Inc.		4,895	367
Brandywine Realty Trust		24,770	167
CBL & Associates Properties, Inc.		39	1
Cousins Properties, Inc.		7,461	174
EPR Properties		9,534	342
Equity Residential		2,678	180
Gaming & Leisure Properties, Inc.		16,446	728
Healthcare Realty Trust, Inc.		16,868	352
Healthpeak Properties, Inc.		15,334	351
Highwoods Properties, Inc.		13,381	361
Hudson Pacific Properties, Inc.		30,262	331
Macerich Co.		21,575	171
Physicians Realty Trust		12,138	182
Piedmont Office Realty Trust, Inc. 'A'		16,776	177
Simon Property Group, Inc.		8,953	804
Spirit Realty Capital, Inc.		9,918	359
Uniti Group, Inc.		32	0
Ventas, Inc.		8,350	335
VICI Properties, Inc.		37,054	1,106
Weyerhaeuser Co.		19,738	564
WP Carey, Inc.		4,722	330
			8,116
Total United States			8,312
Total Real Estate Investment Trusts (Cost $10,275)			8,441
RIGHTS 0.0%
LUXEMBOURG 0.0%
FINANCIALS 0.0%
Intelsat Jackson Holdings SA«(c)		348	1
Total Rights (Cost $0)			1
		PRINCIPAL AMOUNT (000s)
SOVEREIGN ISSUES 1.0%
ARGENTINA 0.2%
Argentina Government International Bond
0.500% due 07/09/2030 þ	$	299	57
1.000% due 07/09/2029		31	6
1.500% due 07/09/2035 þ		373	70
3.500% due 07/09/2041 þ		196	42
3.875% due 01/09/2038 þ		269	64
15.500% due 10/17/2026	ARS	1,226	1
47.331% (BADLARPP) due 10/04/2022 ~		28	0
Autonomous City of Buenos Aires 72.040% (BADLARPP + 3.250%) due 03/29/2024 ~		3,481	13

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

Provincia de Buenos Aires 62.098% due 04/12/2025		389	1
Total Argentina			254
PERU 0.1%
Peru Government International Bond
5.940% due 02/12/2029	PEN	238	53
6.150% due 08/12/2032		149	31
6.350% due 08/12/2028		233	54
6.900% due 08/12/2037		5	1
6.950% due 08/12/2031		5	1
8.200% due 08/12/2026		189	49
Total Peru			189
ROMANIA 0.1%
Romania Government International Bond 2.000% due 04/14/2033	EUR	214	124
Total Romania			124
SOUTH AFRICA 0.4%
South Africa Government International Bond
8.000% due 01/31/2030	ZAR	200	10
8.250% due 03/31/2032		300	14
8.750% due 02/28/2048		200	8
8.875% due 02/28/2035		200	9
10.500% due 12/21/2026		10,200	583
Total South Africa			624
TURKEY 0.2%
Turkey Government International Bond
4.250% due 03/13/2025	$	200	177
5.250% due 03/13/2030		200	143
Total Turkey			320
VENEZUELA 0.0%
Venezuela Government International Bond
7.000% due 03/31/2038 ^(b)		2	0
7.650% due 04/21/2025 ^(b)		3	0
9.250% due 09/15/2027 ^(b)		44	4
Total Venezuela			4
Total Sovereign Issues (Cost $2,394)			1,515
U.S. GOVERNMENT AGENCIES 14.5%
UNITED STATES 14.5%
Ginnie Mae, TBA
3.500% due 11/01/2052		100	91
4.500% due 10/01/2052		300	287
Uniform Mortgage-Backed Security
3.000% due 11/01/2029 - 03/01/2050		54	48
3.500% due 02/01/2050		33	30
Uniform Mortgage-Backed Security, TBA
2.500% due 11/01/2051		100	84
3.000% due 11/01/2052		5,400	4,700
3.500% due 10/01/2052 - 11/01/2052		7,000	6,300
4.000% due 11/01/2052		8,500	7,883
4.500% due 10/01/2052 - 11/01/2052		2,500	2,380
5.000% due 10/01/2052 - 11/01/2052		200	194
Total U.S. Government Agencies (Cost $23,287)			21,997
U.S. TREASURY OBLIGATIONS 9.1%
UNITED STATES 9.1%
U.S. Treasury Bonds
2.875% due 11/15/2046		600	491
3.000% due 02/15/2049		1,133	967
3.875% due 09/30/2029 (n)		1,100	1,095
U.S. Treasury Inflation Protected Securities(f)
0.125% due 07/15/2030		324	285
0.125% due 07/15/2031		2,355	2,055
0.125% due 02/15/2051		341	215
0.250% due 07/15/2029 (l)		832	750
0.375% due 01/15/2027		39	37
0.375% due 07/15/2027		12	11
0.625% due 07/15/2032		612	556
0.750% due 07/15/2028		248	233

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

0.875% due 01/15/2029		407		383
1.000% due 02/15/2048		120		98
1.000% due 02/15/2049		118		96
U.S. Treasury Notes
0.125% due 04/30/2023 (l)(n)		4,000		3,911
2.375% due 03/31/2029 (n)		2,800		2,536
2.875% due 05/15/2032		100		92
Total U.S. Treasury Obligations (Cost $15,381)				13,811
		SHARES
WARRANTS 0.0%
LUXEMBOURG 0.0%
FINANCIALS 0.0%
Intelsat Emergence SA - Exp. 02/17/2027«		132		0
Intelsat Jackson Holdings SA-Exp. 12/05/2025«		296		2
				2
Total Luxembourg				2
UNITED STATES 0.0%
INFORMATION TECHNOLOGY 0.0%
Windstream Holdings LLC - Exp. 9/21/2055«		40		1
Total United States				1
Total Warrants (Cost $53)				3
SHORT-TERM INSTRUMENTS 0.8%
REPURCHASE AGREEMENTS (j) 0.8%				1,155
		PRINCIPAL AMOUNT (000s)
ARGENTINA TREASURY BILLS 0.0%
0.754% due 05/19/2023 (d)(e)(f)	ARS	10,541		38
Total Argentina Treasury Bills (Cost $37)				38
Total Short-Term Instruments (Cost $1,192)				1,193
Total Investments in Securities (Cost $178,894)				159,568
		SHARES
INVESTMENTS IN AFFILIATES 8.3%
SHORT-TERM INSTRUMENTS 8.3%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 8.3%
PIMCO Short-Term Floating NAV Portfolio III		1,302,047		12,642
Total Short-Term Instruments (Cost $12,642)				12,642
Total Investments in Affiliates (Cost $12,642)				12,642
Total Investments 113.2% (Cost $191,536)			$	172,210
Financial Derivative Instruments(k)(m)(0.4)%(Cost or Premiums, net $(1,245))				(629)
Other Assets and Liabilities, net (12.8)%				(19,499)
Net Assets 100.0%			$	152,082

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:

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

¤

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

^

Security is in default.

«

Security valued using significant unobservable inputs (Level 3).

µ

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

~

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

•

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

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)

Payment in-kind security.

(b)

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

(c)

Security did not produce income within the last twelve months.

(d)

Zero coupon security.

(e)

Coupon represents a yield to maturity.

(f)

Principal amount of security is adjusted for inflation.

(g)

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

(h)

Contingent convertible security.

(i)

RESTRICTED SECURITIES:

Issuer Description

Acquisition Date

Cost

Market Value

Market Value as Percentage of Net Assets

Intelsat SA

06/19/2017-02/23/2022

$

208

$

81

0.05

%

Neiman Marcus Group Ltd. LLC

09/25/2020

36

204

0.14

Westmoreland Mining Holdings

03/26/2019

0

0

0.00

$

244

$

285

0.19%

BORROWINGS AND OTHER FINANCING TRANSACTIONS

(j)

REPURCHASE AGREEMENTS:

Counterparty	Lending Rate	Settlement Date	Maturity Date		Principal Amount	Collateralized By		Collateral (Received)			Repurchase Agreements, at Value			Repurchase Agreement Proceeds to be Received(1)
FICC	1.150%	09/30/2022	10/03/2022	$	1,155	U.S. Treasury Inflation Protected Securities 0.125% due 01/15/2023	$		1,178	$		1,155	$		1,155
Total Repurchase Agreements							$		1,178	$		1,155	$		1,155

SHORT SALES:

Description		Coupon	Maturity Date		Principal Amount			Proceeds			Payable for Short Sales
U.S. Government Agencies (1.7)%
United States (1.7)%
Uniform Mortgage-Backed Security, TBA		3.500%	10/01/2052	$		2,900	$		(2,762)	$		(2,611)
Total Short Sales (1.7)%							$		(2,762)	$		(2,611)
(1)	Includes accrued interest.
(k)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

WRITTEN OPTIONS:
OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS
Description											Strike Price					Expiration Date		# of Contracts							Notional Amount							Premiums (Received)												Market Value
Put - CME 3-Month SOFR Active Contract December 2023 Futures										$	96.500					12/15/2023		2						$	5						$	(2)							$					(5)
Call - CME 3-Month SOFR Active Contract December 2023 Futures											98.000					12/15/2023		2							5							(2)												(1)
Total Written Options																												$					(4)							$					(6)
FUTURES CONTRACTS:
LONG FUTURES CONTRACTS
																														Variation Margin
Description					Expiration Month			# of Contracts						Notional Amount									Unrealized Appreciation/ (Depreciation)												Asset												Liability
U.S. Treasury 2-Year Note December Futures					12/2022			1				$		205						$			(3)							$					0							$					0
U.S. Treasury 10-Year Note December Futures					12/2022			167						18,714									(945)												0												(66)
																			$			(948)							$					0							$					(66)
SHORT FUTURES CONTRACTS
																														Variation Margin
Description					Expiration Month			# of Contracts						Notional Amount									Unrealized Appreciation/ (Depreciation)												Asset												Liability
3-Month SOFR Active Contract December Futures					03/2024			5				$		(1,197)						$			19							$					1							$					0
3-Month SOFR Active Contract December Futures					03/2025			1						(241)									4												0												0
3-Month SOFR Active Contract December Futures					03/2026			1						(241)									4												0												0
3-Month SOFR Active Contract June Futures					09/2024			2						(480)									7												0												0
3-Month SOFR Active Contract June Futures					09/2025			2						(482)									7												1												0
3-Month SOFR Active Contract March Futures					06/2024			3						(719)									12												0												0
3-Month SOFR Active Contract March Futures					06/2025			1						(241)									4												0												0
3-Month SOFR Active Contract March Futures					06/2026			1						(241)									3												0												0
3-Month SOFR Active Contract September Futures					12/2024			2						(481)									7												0												0
3-Month SOFR Active Contract September Futures					12/2025			1						(241)									4												0												0
Australia Government 10-Year Bond December Futures					12/2022			18						(1,348)									25												0												(22)
U.S. Treasury 10-Year Ultra December Futures					12/2022			24						(2,844)									181												12												0
U.S. Treasury 30-Year Bond December Futures					12/2022			9						(1,138)									98												6												0
U.S. Treasury Ultra Long-Term Bond December Futures					12/2022			4						(548)									54												7												0
																			$			429							$					27							$					(22)
Total Futures Contracts																			$			(519)							$					27							$					(88)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION(1)
																																				Variation Margin(5)
Reference Entity	Fixed Receive Rate	Payment Frequency	Maturity Date	Implied Credit Spread at September 30, 2022(2)					Notional Amount(3)						Premiums Paid/ (Received)						Unrealized Appreciation/ (Depreciation)						Market Value(4)											Asset										Liability
AT&T, Inc.	1.000%	Quarterly	12/20/2026	1.317		%	$		1,000				$		16		$				(28)					$	(12)										$	0					$					(1)
Boeing Co.	1.000	Quarterly	06/20/2023	1.053					100						0						0						0											0										0
Boeing Co.	1.000	Quarterly	12/20/2023	1.265					200						2						(3)						(1)											0										0
Devon Energy Corp.	1.000	Quarterly	12/20/2026	1.452					500						(1)						(7)						(8)											1										0
Ford Motor Co.	5.000	Quarterly	06/20/2027	4.269					200						24						(18)						6											0										0
Ford Motor Credit Co. LLC	5.000	Quarterly	06/20/2026	3.950					600						52						(31)						21											0										0
General Electric Co.	1.000	Quarterly	06/20/2026	1.259					300						1						(4)						(3)											0										0
General Motors Co.	5.000	Quarterly	12/20/2026	2.308					900						179						(88)						91											2										0
Hess Corp.	1.000	Quarterly	12/20/2026	1.549					500						(2)						(8)						(10)											0										0
Rolls-Royce PLC	1.000	Quarterly	12/20/2025	4.185			EUR		100						(10)						1						(9)											0										0
Rolls-Royce PLC	1.000	Quarterly	12/20/2026	4.774					200						(9)						(17)						(26)											0										0
Rolls-Royce PLC	1.000	Quarterly	06/20/2027	4.983					100						(8)						(7)						(15)											0										0

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

Verizon Communications, Inc.		1.000		Quarterly			06/20/2026			1.245				$			500				11						(15)						(4)							0						0
																			$			255			$			(225)			$			30				$			3			$			(1)
CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION(1)
																																				Variation Margin(5)
Index/Tranches			Fixed Receive Rate			Payment Frequency			Maturity Date						Notional Amount(3)						Premiums Paid/ (Received)						Unrealized Appreciation/ (Depreciation)						Market Value(4)							Asset						Liability
CDX.EM-36 5-Year Index			1.000%			Quarterly			12/20/2026			$			736			$			(29)			$			(25)			$			(54)				$			12			$			0
CDX.EM-38 5-Year Index			1.000			Quarterly			12/20/2027						400						(33)						(7)						(40)							0						0
CDX.HY-38 5-Year Index			5.000			Quarterly			06/20/2027						4,356						18						(109)						(91)							0						(1)
CDX.HY-39 5-Year Index			5.000			Quarterly			12/20/2027						5,600						(247)						27						(220)							0						(2)
CDX.IG-38 5-Year Index			1.000			Quarterly			06/20/2027						1,300						5						(3)						2							0						0
CDX.IG-39 5-Year Index			1.000			Quarterly			12/20/2027						1,200						0						(4)						(4)							0						0
iTraxx Asia Ex-Japan 38 5-Year Index			1.000			Quarterly			12/20/2027						100						(3)						0						(3)							0						0
iTraxx Europe Main 37 5-Year Index			1.000			Quarterly			06/20/2027			EUR			600						(3)						(4)						(7)							1						0
																		$			(292)			$			(125)			$			(417)				$			13			$			(3)
INTEREST RATE SWAPS
																																				Variation Margin(5)
Pay/ Receive Floating Rate	Floating Rate Index				Fixed Rate			Payment Frequency			Maturity Date					Notional Amount							Premiums Paid/ (Received)						Unrealized Appreciation/ (Depreciation)						Market Value							Asset						Liability
Receive(6)	1-Day GBP-SONIO Compounded-OIS				2.000%			Annual			03/15/2033		GBP			1,200				$			230			$			17			$			247				$			11			$			0
Receive	1-Day GBP-SONIO Compounded-OIS				0.500			Annual			03/16/2042					200							7						95						102							1						0
Receive(6)	1-Day GBP-SONIO Compounded-OIS				2.000			Annual			03/15/2053					800							238						8						246							2						0
Pay	1-Day JPY-MUTKCALM Compounded-OIS				0.176			Annual			04/27/2027		JPY			30,000							0						(1)						(1)							0						0
Receive	1-Day JPY-MUTKCALM Compounded-OIS				0.020			Semi-Annual			09/20/2028					210,000							4						32						36							0						(3)
Receive	1-Day JPY-MUTKCALM Compounded-OIS				0.000			Semi-Annual			03/15/2029					641,000							46						76						122							0						(8)
Receive	1-Day JPY-MUTKCALM Compounded-OIS				0.400			Annual			06/15/2032					150,000							2						11						13							0						(4)
Receive	1-Day JPY-MUTKCALM Compounded-OIS				0.500			Annual			03/15/2042					90,000							26						27						53							0						(3)
Receive	1-Day JPY-MUTKCALM Compounded-OIS				0.711			Annual			04/27/2042					10,000							0						3						3							0						(1)
Receive(6)	1-Day USD-SOFR Compounded-OIS				2.450			Annual			12/20/2024		$			3,200							0						47						47							2						0
Receive(6)	1-Day USD-SOFR Compounded-OIS				2.350			Annual			01/17/2025					1,600							0						24						24							1						0
Receive(6)	1-Day USD-SOFR Compounded-OIS				1.600			Annual			01/16/2026					1,200							15						33						48							2						0
Receive(6)	1-Day USD-SOFR Compounded-OIS				2.300			Annual			01/17/2026					1,000							0						27						27							2						0
Pay	1-Day USD-SOFR Compounded-OIS				1.928			Annual			03/25/2027					200							0						(15)						(15)							0						(1)
Receive	1-Day USD-SOFR Compounded-OIS				1.000			Annual			06/15/2027					200							8						17						25							1						0
Pay	1-Day USD-SOFR Compounded-OIS				2.850			Annual			08/30/2027					200							(1)						(8)						(9)							0						(1)
Receive(6)	1-Day USD-SOFR Compounded-OIS				2.450			Annual			10/04/2027					320							0						20						20							1						0
Pay	1-Day USD-SOFR Compounded-OIS				2.900			Annual			10/04/2027					900							(7)						(23)						(30)							0						(30)
Pay(6)	1-Day USD-SOFR Compounded-OIS				2.955			Annual			10/04/2027					200							(1)						(7)						(8)							0						(8)
Pay	1-Day USD-SOFR Compounded-OIS				1.000			Annual			06/15/2029					220							(9)						(27)						(36)							0						(1)
Receive	1-Day USD-SOFR Compounded-OIS				1.000			Annual			06/15/2029					310							18						32						50							1						0
Receive	1-Day USD-SOFR Compounded-OIS				1.750			Annual			06/15/2029					282							16						17						33							1						0
Receive(6)	1-Day USD-SOFR Compounded-OIS				2.000			Annual			12/21/2029					200							8						12						20							1						0
Pay	1-Day USD-SOFR Compounded-OIS				1.817			Annual			04/05/2032					400							(2)						(53)						(55)							0						(1)

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

Pay	1-Day USD-SOFR Compounded-OIS	1.872	Annual	04/06/2032		200	(1)	(26)	(27)	0	(1)
Pay	1-Day USD-SOFR Compounded-OIS	1.250	Annual	06/15/2032		340	(32)	(33)	(65)	0	(1)
Receive	1-Day USD-SOFR Compounded-OIS	1.750	Annual	06/15/2032		399	35	24	59	1	0
Pay	1-Day USD-SOFR Compounded-OIS	1.750	Annual	06/15/2032		280	(24)	(17)	(41)	0	(1)
Receive(6)	1-Day USD-SOFR Compounded-OIS	2.000	Annual	12/21/2032		220	24	4	28	1	0
Pay	1-Year BRL-CDI	5.830	Maturity	01/02/2023	BRL	800	8	(11)	(3)	0	0
Pay	1-Year BRL-CDI	5.836	Maturity	01/02/2023		600	6	(8)	(2)	0	0
Pay	1-Year BRL-CDI	5.855	Maturity	01/02/2023		200	2	(3)	(1)	0	0
Pay	1-Year BRL-CDI	6.170	Maturity	01/02/2023		5,200	(1)	(46)	(47)	0	0
Receive	1-Year BRL-CDI	12.670	Maturity	01/02/2023		300	0	0	0	0	0
Receive	1-Year BRL-CDI	12.690	Maturity	01/02/2023		200	0	0	0	0	0
Receive	1-Year BRL-CDI	12.740	Maturity	01/02/2023		500	0	0	0	0	0
Receive	1-Year BRL-CDI	12.750	Maturity	01/02/2023		200	0	0	0	0	0
Receive	1-Year BRL-CDI	12.760	Maturity	01/02/2023		400	0	0	0	0	0
Receive	1-Year BRL-CDI	12.900	Maturity	01/02/2023		900	0	0	0	0	0
Receive	1-Year BRL-CDI	12.930	Maturity	01/02/2023		100	0	0	0	0	0
Receive	1-Year BRL-CDI	12.939	Maturity	01/02/2023		500	0	0	0	0	0
Receive	1-Year BRL-CDI	12.946	Maturity	01/02/2023		1,200	0	0	0	0	0
Receive	1-Year BRL-CDI	12.960	Maturity	01/02/2023		900	0	0	0	0	0
Receive	1-Year BRL-CDI	12.970	Maturity	01/02/2023		1,600	0	0	0	0	0
Pay	1-Year BRL-CDI	11.140	Maturity	01/02/2025		100	0	0	0	0	0
Pay	1-Year BRL-CDI	11.160	Maturity	01/02/2025		100	0	0	0	0	0
Pay	1-Year BRL-CDI	11.350	Maturity	01/02/2025		100	0	0	0	0	0
Pay	1-Year BRL-CDI	12.000	Maturity	01/02/2025		200	0	0	0	0	0
Pay	1-Year BRL-CDI	12.080	Maturity	01/02/2025		300	0	0	0	0	0
Pay	1-Year BRL-CDI	12.140	Maturity	01/02/2025		200	0	0	0	0	0
Pay	1-Year BRL-CDI	12.145	Maturity	01/02/2025		200	0	0	0	0	0
Pay	1-Year BRL-CDI	12.160	Maturity	01/02/2025		300	0	0	0	0	0
Pay	1-Year BRL-CDI	11.220	Maturity	01/04/2027		100	0	0	0	0	0
Pay	1-Year BRL-CDI	11.260	Maturity	01/04/2027		100	0	0	0	0	0
Pay	1-Year BRL-CDI	11.715	Maturity	01/04/2027		100	0	0	0	0	0
Pay	1-Year BRL-CDI	11.870	Maturity	01/04/2027		300	0	1	1	0	0
Pay(6)	3-Month USD-LIBOR	1.270	Semi-Annual	11/04/2023	$	2,200	(41)	(31)	(72)	0	(1)
Pay	3-Month USD-LIBOR	1.088	Semi-Annual	02/03/2024		200	0	(9)	(9)	0	0
Pay(6)	3-Month USD-LIBOR	1.700	Semi-Annual	03/06/2024		400	(1)	(11)	(12)	0	0
Receive	3-Month USD-LIBOR	2.500	Semi-Annual	12/18/2024		3,100	(293)	402	109	4	0
Receive	3-Month USD-LIBOR	0.928	Semi-Annual	05/06/2026		100	0	11	11	0	0
Receive	3-Month USD-LIBOR	0.940	Semi-Annual	06/08/2026		100	0	11	11	0	0
Receive	3-Month USD-LIBOR	0.500	Semi-Annual	06/16/2026		1,000	15	112	127	3	0
Receive	3-Month USD-LIBOR	3.000	Semi-Annual	06/19/2026		2,300	(345)	424	79	6	0
Receive	3-Month USD-LIBOR	1.250	Semi-Annual	12/15/2026		100	(2)	13	11	0	0
Receive	3-Month USD-LIBOR	1.740	Semi-Annual	12/16/2026		100	(8)	17	9	0	0
Pay	3-Month USD-LIBOR	1.380	Semi-Annual	01/04/2027		100	0	(11)	(11)	0	0
Pay	3-Month USD-LIBOR	1.570	Semi-Annual	01/11/2027		200	0	(21)	(21)	0	(1)
Pay	3-Month USD-LIBOR	1.425	Semi-Annual	01/18/2027		100	0	(11)	(11)	0	0
Pay	3-Month USD-LIBOR	1.443	Semi-Annual	01/18/2027		100	0	(11)	(11)	0	0
Receive	3-Month USD-LIBOR	1.350	Semi-Annual	01/20/2027		500	0	56	56	2	0
Pay	3-Month USD-LIBOR	1.550	Semi-Annual	01/20/2027		2,400	(8)	(243)	(251)	0	(7)
Pay	3-Month USD-LIBOR	1.580	Semi-Annual	02/16/2027		200	(1)	(20)	(21)	0	(1)
Receive	3-Month USD-LIBOR	1.450	Semi-Annual	02/17/2027		1,200	0	131	131	4	0
Pay	3-Month USD-LIBOR	1.700	Semi-Annual	02/17/2027		4,900	(18)	(466)	(484)	0	(15)
Pay	3-Month USD-LIBOR	1.280	Semi-Annual	03/24/2028		400	(1)	(54)	(55)	0	(2)
Receive	3-Month USD-LIBOR	1.235	Semi-Annual	05/12/2028		100	0	14	14	0	0
Pay	3-Month USD-LIBOR	0.500	Semi-Annual	06/16/2028		1,610	(91)	(199)	(290)	0	(6)
Receive	3-Month USD-LIBOR	2.250	Semi-Annual	06/20/2028		4,900	(643)	1,065	422	20	0
Pay	3-Month USD-LIBOR	1.265	Semi-Annual	09/28/2028		100	0	(15)	(15)	0	0
Pay	3-Month USD-LIBOR	1.500	Semi-Annual	12/15/2028		422	11	(68)	(57)	0	(2)
Receive	3-Month USD-LIBOR	1.379	Semi-Annual	12/22/2028		100	0	14	14	1	0
Receive	3-Month USD-LIBOR	1.500	Semi-Annual	01/12/2029		55	0	8	8	0	0
Pay	3-Month USD-LIBOR	1.700	Semi-Annual	01/12/2029		200	(1)	(25)	(26)	0	(1)
Receive	3-Month USD-LIBOR	2.000	Semi-Annual	12/10/2029		100	(12)	24	12	1	0
Receive	3-Month USD-LIBOR	1.500	Semi-Annual	12/18/2029		200	(15)	45	30	1	0
Receive	3-Month USD-LIBOR	1.750	Semi-Annual	01/15/2030		300	(30)	72	42	1	0
Receive	3-Month USD-LIBOR	2.000	Semi-Annual	02/12/2030		200	(25)	50	25	1	0
Receive	3-Month USD-LIBOR	2.000	Semi-Annual	03/10/2030		100	(13)	26	13	1	0
Receive	3-Month USD-LIBOR	1.250	Semi-Annual	06/17/2030		2,400	(130)	550	420	9	0
Receive	3-Month USD-LIBOR	1.000	Semi-Annual	12/16/2030		127	1	25	26	1	0
Receive	3-Month USD-LIBOR	0.750	Semi-Annual	06/16/2031		2,600	213	384	597	10	0
Pay	3-Month USD-LIBOR	0.750	Semi-Annual	06/16/2031		663	(60)	(92)	(152)	0	(2)
Receive	3-Month USD-LIBOR	1.450	Semi-Annual	07/16/2031		100	0	18	18	0	0
Receive	3-Month USD-LIBOR	1.370	Semi-Annual	07/19/2031		100	0	19	19	0	0
Receive	3-Month USD-LIBOR	1.360	Semi-Annual	07/20/2031		100	0	19	19	0	0
Receive	3-Month USD-LIBOR	1.405	Semi-Annual	09/07/2031		100	(1)	20	19	0	0
Pay	3-Month USD-LIBOR	1.500	Semi-Annual	10/05/2031		100	0	(18)	(18)	0	0
Pay	3-Month USD-LIBOR	1.535	Semi-Annual	10/15/2031		100	0	(18)	(18)	0	0
Pay	3-Month USD-LIBOR	1.545	Semi-Annual	10/26/2031		100	0	(18)	(18)	0	0
Pay	3-Month USD-LIBOR	1.768	Semi-Annual	02/02/2032		100	0	(16)	(16)	0	0
Pay	3-Month USD-LIBOR	2.000	Semi-Annual	02/18/2032		200	(2)	(27)	(29)	0	(1)
Receive	3-Month USD-LIBOR	1.910	Semi-Annual	10/17/2049		100	(23)	49	26	1	0
Receive	3-Month USD-LIBOR	1.895	Semi-Annual	10/18/2049		100	(23)	50	27	1	0
Receive	3-Month USD-LIBOR	2.250	Semi-Annual	12/11/2049		900	(292)	474	182	10	0

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

Receive		3-Month USD-LIBOR	2.000	Semi-Annual	01/15/2050		100			(26)			51			25			1			0
Receive		3-Month USD-LIBOR	1.625	Semi-Annual	01/16/2050		100			(16)			48			32			1			0
Receive		3-Month USD-LIBOR	1.750	Semi-Annual	01/22/2050		500			(97)			246			149			5			0
Receive		3-Month USD-LIBOR	1.625	Semi-Annual	02/03/2050		300			(48)			144			96			3			0
Receive		3-Month USD-LIBOR	2.250	Semi-Annual	03/12/2050		600			(196)			320			124			7			0
Receive		3-Month USD-LIBOR	1.250	Semi-Annual	12/16/2050		400			41			114			155			4			0
Pay		3-Month USD-LIBOR	1.491	Semi-Annual	01/21/2051		100			(1)			(34)			(35)			0			(1)
Pay		3-Month USD-LIBOR	1.590	Semi-Annual	02/09/2051		900			(7)			(289)			(296)			0			(10)
Receive		3-Month USD-LIBOR	1.785	Semi-Annual	08/12/2051		100			(1)			30			29			1			0
Pay		3-Month ZAR-JIBAR	7.250	Quarterly	09/19/2023	ZAR	900			5			(5)			0			0			0
Pay		3-Month ZAR-JIBAR	4.848	Quarterly	01/11/2026		900			0			(5)			(5)			0			0
Pay		3-Month ZAR-JIBAR	4.915	Quarterly	02/01/2026		200			0			(1)			(1)			0			0
Pay		3-Month ZAR-JIBAR	5.020	Quarterly	02/11/2026		400			0			(2)			(2)			0			0
Receive		3-Month ZAR-JIBAR	8.300	Quarterly	03/15/2027		600			(5)			5			0			0			0
Pay		6-Month AUD-BBR-BBSW	2.750	Semi-Annual	06/17/2026	AUD	5,080			483			(646)			(163)			14			0
Receive		6-Month AUD-BBR-BBSW	3.000	Semi-Annual	03/21/2027		80			(9)			12			3			0			0
Receive		6-Month EUR-EURIBOR	0.150	Annual	03/18/2030	EUR	800			(2)			169			167			0			(2)
Pay		6-Month EUR-EURIBOR	2.000	Annual	09/21/2032		680			8			(70)			(62)			2			0
Receive(6)		6-Month EUR-EURIBOR	1.750	Annual	03/15/2033		1,000			104			14			118			0			(2)
Pay		28-Day MXN-TIIE	7.640	Lunar	01/03/2023	MXN	200			1			(1)			0			0			0
Pay		28-Day MXN-TIIE	7.645	Lunar	01/03/2023		2,000			6			(7)			(1)			0			0
Pay		28-Day MXN-TIIE	7.745	Lunar	01/05/2023		1,400			5			(5)			0			0			0
Pay		28-Day MXN-TIIE	7.610	Lunar	01/23/2023		6,000			19			(21)			(2)			0			0
Pay		28-Day MXN-TIIE	7.805	Lunar	02/06/2023		3,400			12			(13)			(1)			0			0
Pay		28-Day MXN-TIIE	7.820	Lunar	02/06/2023		3,400			12			(13)			(1)			0			0
Receive		28-Day MXN-TIIE	8.675	Lunar	04/03/2024		8,800			0			11			11			0			0
Receive		28-Day MXN-TIIE	8.660	Lunar	04/04/2024		3,700			0			5			5			0			0
Receive		28-Day MXN-TIIE	8.750	Lunar	04/05/2024		3,600			0			4			4			0			0
Pay		28-Day MXN-TIIE	5.990	Lunar	01/30/2026		4,300			9			(31)			(22)			0			0
Pay		28-Day MXN-TIIE	6.080	Lunar	03/10/2026		15,500			35			(112)			(77)			1			0
Pay		28-Day MXN-TIIE	6.490	Lunar	09/08/2026		30,000			97			(240)			(143)			2			0
Receive		28-Day MXN-TIIE	8.410	Lunar	03/31/2027		1,000			0			2			2			0			0
Receive		28-Day MXN-TIIE	8.730	Lunar	04/06/2027		1,500			0			2			2			0			0
Receive		28-Day MXN-TIIE	7.984	Lunar	12/10/2027		2,900			(22)			30			8			0			0
Receive		28-Day MXN-TIIE	8.005	Lunar	12/21/2027		11,400			(86)			116			30			0			(1)
Receive		28-Day MXN-TIIE	7.800	Lunar	12/28/2027		1,200			(8)			12			4			0			0
Receive		28-Day MXN-TIIE	7.910	Lunar	12/30/2027		700			(5)			7			2			0			0
Receive		28-Day MXN-TIIE	8.030	Lunar	01/31/2028		2,000			(15)			20			5			0			0
Receive		28-Day MXN-TIIE	8.050	Lunar	01/31/2028		1,900			(15)			20			5			0			0
Receive		28-Day MXN-TIIE	7.495	Lunar	01/14/2032		700			3			1			4			0			0
Receive		28-Day MXN-TIIE	7.498	Lunar	01/15/2032		2,900			12			3			15			0			0
Receive		28-Day MXN-TIIE	8.732	Lunar	03/30/2032		700			0			1			1			0			0
Receive		28-Day MXN-TIIE	8.701	Lunar	03/31/2032		1,700			0			3			3			0			0
Pay		28-Day MXN-TIIE	7.165	Lunar	09/06/2032		400			2			(5)			(3)			0			0
Pay		28-Day MXN-TIIE	7.380	Lunar	08/14/2037		100			1			(2)			(1)			0			0
Pay		28-Day MXN-TIIE	7.360	Lunar	08/21/2037		100			1			(2)			(1)			0			0
Receive		28-Day MXN-TIIE	8.103	Lunar	01/04/2038		900			(9)			14			5			0			0
Receive		UKRPI	4.000	Maturity	09/15/2031	GBP	100			0			(15)			(15)			0			(3)
Receive		UKRPI	4.140	Maturity	10/15/2031		100			0			(13)			(13)			0			(3)
Receive		UKRPI	4.250	Maturity	11/15/2031		100			(1)			(11)			(12)			0			(3)
								$	(937)		$	2,829		$	1,892		$	146		$	(128)
Total Swap Agreements								$	(974)		$	2,479		$	1,505		$	162		$	(132)
(l)	Securities with an aggregate market value of $841 and cash of $2,275 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2022.
(1)	If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(2)	Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
(3)	The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(4)	The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
(5)	Unsettled variation margin liability of $(3) for closed swap agreements is outstanding at period end.
(6)	This instrument has a forward starting effective date.
(m)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

FORWARD FOREIGN CURRENCY CONTRACTS:
						Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Month		Currency to be Delivered		Currency to be Received				Asset				Liability
BOA	11/2022	$	7	PEN	28		$		0		$		0
	11/2022	ZAR	402	$	25				3				0
	12/2022	$	11	PEN	44				0				0
	03/2023	TWD	1,737	$	59				4				0
BPS	10/2022	CNH	35		5				0				0
	10/2022	GBP	1,940		2,259				93				0
	10/2022	$	257	GBP	232				5				(3)
	11/2022	GBP	1,223	$	1,366				0				0
	11/2022	$	355	CAD	455				0				(25)
	11/2022		107	IDR	1,594,115				0				(3)
	11/2022		295	NOK	2,835				0				(35)
	11/2022		17	PEN	66				0				(1)
	11/2022	ZAR	864	$	54				6				0
BRC	11/2022		305		19				2				0
CBK	10/2022	BRL	5,552		1,079				50				0
	10/2022	GBP	50		57				2				0
	10/2022	PEN	539		139				4				0
	10/2022	$	1,055	BRL	5,552				0				(26)
	10/2022		554	GBP	480				0				(18)
	10/2022		139	PEN	539				0				(4)
	11/2022	ZAR	947	$	58				6				0
	12/2022	PEN	167		43				2				0
	12/2022	$	566	MXN	11,538				0				0
	12/2022		161	PEN	636				1				(4)
	01/2023		1,058	BRL	5,552				0				(50)
	02/2023	PEN	185	$	47				1				0
	04/2023		572		145				4				0
DUB	10/2022	$	392	MXN	8,162				12				0
	10/2022		27	RUB	2,576				16				0
GLM	10/2022	CNH	53	$	8				0				0
	10/2022	$	67	RUB	6,359				41				0
	11/2022	ZAR	425	$	26				3				0
	12/2022	PEN	56		14				0				0
	02/2023	ZAR	62		4				0				0
JPM	10/2022	CNH	62		9				0				0
	11/2022	$	207	IDR	3,110,252				0				(4)
MBC	10/2022	AUD	15	$	10				0				0
	10/2022	EUR	3,084		3,083				61				0
	10/2022	$	97	EUR	99				1				(1)
	10/2022		94	GBP	89				5				0
	11/2022	GBP	346	$	375				0				(12)
	03/2023	TWD	2,590		88				6				0
	05/2023	CNH	48		7				0				0
MYI	10/2022	JPY	55,870		387				2				0
	10/2022	MXN	57		3				0				0
	10/2022	$	331	AUD	475				0				(27)
	10/2022		2,937	EUR	3,044				47				0
	10/2022		277	MXN	5,649				3				0
	11/2022	EUR	3,044	$	2,943				0				(46)
	11/2022	$	56	IDR	834,174				0				(2)
	11/2022		387	JPY	55,721				0				(2)
	11/2022	ZAR	83	$	5				0				0
	12/2022	TWD	2,192		73				4				0
	03/2023		2,327		79				5				0
RBC	10/2022	$	1,506	JPY	208,203				0				(67)
	11/2022		5	PEN	20				0				0
SCX	10/2022		36	AUD	52				0				(3)
	10/2022		194	CLP	182,929				0				(6)
	11/2022	PEN	29	$	7				0				0
	11/2022	$	175	CAD	224				0				(12)
	11/2022		378	IDR	5,665,409				0				(8)
	11/2022		119	NOK	1,156				0				(13)
	12/2022	TWD	4,098	$	136				7				0
	12/2022	$	5	PEN	20				0				0
UAG	10/2022	GBP	34	$	39				2				0
	10/2022	JPY	75,514		524				2				0
	10/2022	$	14	AUD	21				0				(1)
	11/2022		47	IDR	705,258				0				(1)
	11/2022		524	JPY	75,312				0				(2)
	11/2022	ZAR	941	$	60				8				0
Total Forward Foreign Currency Contracts						$		408		$		(376)

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

WRITTEN OPTIONS:
CREDIT DEFAULT SWAPTIONS ON CREDIT INDICES
Counterparty	Description		Buy/Sell Protection		Exercise Rate	Expiration Date	Notional Amount(1)		Premiums (Received)		Market Value
BPS	Put - OTC iTraxx Europe 37 5-Year Index		Sell		1.900%	11/16/2022	100	$	0	$	0
BRC	Put - OTC iTraxx Europe 37 5-Year Index		Sell		1.900	11/16/2022	50		0		0
	Put - OTC iTraxx Europe 37 5-Year Index		Sell		2.000	12/21/2022	100		0		0
DUB	Put - OTC CDX.IG-38 5-Year Index		Sell		1.350	12/21/2022	100		0		(1)
	Put - OTC CDX.IG-38 5-Year Index		Sell		1.400	12/21/2022	100		0		0
GST	Put - OTC CDX.IG-38 5-Year Index		Sell		1.600	10/19/2022	200		(1)		0
	Put - OTC CDX.IG-38 5-Year Index		Sell		1.400	11/16/2022	200		0		0
	Put - OTC CDX.IG-38 5-Year Index		Sell		1.500	12/21/2022	200		(1)		(1)
	Put - OTC iTraxx Europe 37 5-Year Index		Sell		3.000	03/15/2023	100		0		0
JPM	Put - OTC CDX.IG-38 5-Year Index		Sell		1.350	11/16/2022	100		0		0
	Put - OTC iTraxx Europe 37 5-Year Index		Sell		1.900	11/16/2022	50		0		0
MYC	Put - OTC CDX.IG-38 5-Year Index		Sell		1.600	12/21/2022	100		0		0
								$	(2)	$	(2)
INTEREST RATE SWAPTIONS
Counterparty	Description	Floating Rate Index		Pay/Receive Floating Rate	Exercise Rate	Expiration Date	Notional Amount(1)		Premiums (Received)		Market Value
BOA	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive	2.150%	12/01/2023	200	$	(1)	$	0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay	3.650	12/01/2023	200		(1)		(2)
BPS	Call - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR		Receive	0.550	04/11/2023	100		1		0
	Put - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR		Pay	2.100	04/11/2023	100		1		(1)
	Call - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR		Receive	0.700	04/28/2023	300		(1)		0
	Put - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR		Pay	2.250	04/28/2023	300		(1)		(3)
CBK	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive	2.690	04/02/2024	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay	2.690	04/02/2024	100		(1)		(2)
DUB	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive	2.920	10/13/2023	200		(1)		(1)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay	2.920	10/13/2023	200		(1)		(3)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive	2.790	04/08/2024	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay	2.790	04/08/2024	100		(1)		(1)
FAR	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive	2.688	04/02/2024	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay	2.688	04/02/2024	100		(1)		(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive	2.781	04/05/2024	200		0		(1)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay	2.781	04/05/2024	200		0		(3)
GLM	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive	0.870	11/02/2022	8,100		(15)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay	1.270	11/02/2022	8,100		(15)		(266)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive	2.920	10/13/2023	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay	2.920	10/13/2023	100		(1)		(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive	3.018	10/20/2023	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay	3.018	10/20/2023	100		(1)		(1)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive	3.140	10/23/2023	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay	3.140	10/23/2023	100		(1)		(1)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive	3.190	10/23/2023	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay	3.190	10/23/2023	100		(1)		(1)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive	3.225	10/23/2023	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay	3.225	10/23/2023	100		(1)		(1)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive	2.973	10/25/2023	100		(1)		0

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.973	10/25/2023	100	(1)	(1)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.841	10/27/2023	100	(1)	0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.841	10/27/2023	100	(1)	(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.088	11/03/2023	100	(1)	0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.088	11/03/2023	100	(1)	(1)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.910	11/10/2023	100	(1)	0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.910	11/10/2023	100	(1)	(1)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.250	11/17/2023	200	(1)	0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.750	11/17/2023	200	(1)	(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.150	11/20/2023	200	(1)	0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.650	11/20/2023	200	(1)	(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.250	12/07/2023	200	(1)	0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.750	12/07/2023	200	(1)	(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.697	04/02/2024	200	0	(1)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.697	04/02/2024	200	0	(3)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.721	04/08/2024	100	(1)	0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.721	04/08/2024	100	(1)	(2)
	Call - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR	Receive	0.550	04/05/2023	300	(1)	0
	Put - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR	Pay	2.100	04/05/2023	300	(1)	(3)
	Call - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR	Receive	0.550	04/11/2023	500	(1)	0
	Put - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR	Pay	2.100	04/11/2023	500	(1)	(5)
	Call - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR	Receive	0.700	04/24/2023	300	1	0
	Put - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR	Pay	2.250	04/24/2023	300	(1)	(3)
	Call - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR	Receive	0.700	04/26/2023	300	(1)	0
	Put - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR	Pay	2.250	04/26/2023	300	(1)	(3)
	Call - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR	Receive	0.550	05/15/2023	300	(1)	0
	Put - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR	Pay	2.100	05/15/2023	300	(1)	(3)
MYC	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.993	10/11/2023	100	(1)	0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.993	10/11/2023	100	(1)	(1)
NGF	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.020	11/06/2023	200	(1)	(1)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.020	11/06/2023	200	(1)	(3)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.845	11/13/2023	200	(1)	(1)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.845	11/13/2023	200	(1)	(3)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.785	04/08/2024	100	(1)	0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.785	04/08/2024	100	(1)	(1)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.835	04/08/2024	100	(1)	0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.835	04/08/2024	100	(1)	(1)
	Call - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR	Receive	0.550	04/03/2023	800	(1)	0
	Put - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR	Pay	2.100	04/03/2023	800	(1)	(8)
	Call - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR	Receive	0.550	04/04/2023	400	(1)	0
	Put - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR	Pay	2.100	04/04/2023	400	(1)	(4)
	Call - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR	Receive	0.550	05/12/2023	400	1	0

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

		Put - OTC 1-Year Interest Rate Swap	6-Month EUR-EURIBOR					Pay				2.100				05/12/2023							400						(1)									(4)
																										$			(88)								$	(352)
OPTIONS ON SECURITIES
Counterparty		Description									Strike Price				Expiration Date								Notional Amount(1)						Premiums (Received)									Market Value
JPM		Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 11/01/2052					$				99.406				11/07/2022								300			$			(2)								$	(13)
SAL		Call - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 11/01/2052									99.258				11/07/2022								500						(3)									0
		Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 11/01/2052									98.375				11/07/2022								500						(3)									(17)
		Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 11/01/2052									98.406				11/07/2022								500						(3)									(17)
		Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 11/01/2052									100.375				11/07/2022								500						(2)									0
		Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 11/01/2052									100.406				11/07/2022								500						(2)									0
																										$			(15)								$	(47)
Total Written Options																										$			(105)								$	(401)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION(2)
																																		Swap Agreements, at Value(5)
Counterparty	Reference Entity			Fixed Receive Rate	Payment Frequency				Maturity Date				Implied Credit Spread at September 30, 2022(3)							Notional Amount(4)					Premiums Paid/(Received)						Unrealized Appreciation/ (Depreciation)					Asset						Liability
BPS	Mexico Government International Bond			1.000%	Quarterly				06/20/2024				1.113%					$		40		$			(1)			$			1		$			0				$		0
CBK	Brazil Government International Bond			1.000	Quarterly				12/20/2022				0.586							245					(8)						9					1						0
	Brazil Government International Bond			1.000	Quarterly				12/20/2024				1.648							300					(5)						1					0						(4)
GST	Brazil Government International Bond			1.000	Quarterly				12/20/2024				1.648							200					(3)						0					0						(3)
	Colombia Government International Bond			1.000	Quarterly				06/20/2027				3.068							100					(4)						(4)					0						(8)
	Mexico Government International Bond			1.000	Quarterly				06/20/2023				0.681							100					(1)						1					0						0
	Mexico Government International Bond			1.000	Quarterly				12/20/2024				1.196							100					(1)						1					0						0
	Mexico Government International Bond			1.000	Quarterly				12/20/2027				1.946							100					(4)						0					0						(4)
	Turkey Government International Bond			1.000	Quarterly				12/20/2024				7.389							100					(11)						(2)					0						(13)
HUS	Brazil Government International Bond			1.000	Quarterly				06/20/2024				1.482							400					(12)						9					0						(3)
	Mexico Government International Bond			1.000	Quarterly				12/20/2023				0.962							300					(5)						5					0						0
MYC	Mexico Government International Bond			1.000	Quarterly				12/20/2024				1.196							100					(1)						1					0						0
	Mexico Government International Bond			1.000	Quarterly				06/20/2027				1.820							100					0						(3)					0						(3)
	Mexico Government International Bond			1.000	Quarterly				12/20/2027				1.946							300					(10)						(3)					0						(13)
	South Africa Government International Bond			1.000	Quarterly				12/20/2026				3.061							200					(9)						(6)					0						(15)
																						$			(75)			$			10		$			1				$		(66)
CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION(2)
																																		Swap Agreements, at Value(5)
Counterparty	Index/Tranches					Fixed Receive Rate				Payment Frequency				Maturity Date					Notional Amount(4)					Premiums Paid/(Received)						Unrealized Appreciation/ (Depreciation)					Asset						Liability
GST	CMBX.NA.AAA.10 Index					0.500%				Monthly				11/17/2059			$		4,000		$			(85)			$			59		$			0				$		(26)
MYC	CMBX.NA.AAA.13 Index					0.500				Monthly				12/16/2072					5,700					(2)						(121)					0						(123)
																						$			(87)			$			(62)		$			0				$		(149)

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

TOTAL RETURN SWAPS ON SECURITIES
																						Swap Agreements, at Value
Counterparty		Pay/Receive(6)	Underlying Reference	# of Shares	Financing Rate		Payment Frequency	Maturity Date			Notional Amount				Premiums Paid/(Received)				Unrealized Appreciation/ (Depreciation)					Asset				Liability
BOA		Receive	iBoxx USD Investment Grade Corporate Bond ETF	324	1.080% (1-Month USD-LIBOR less a specified spread)		Monthly	10/17/2022		$	24		$		0		$		(1)			$		0		$		(1)
		Receive	iBoxx USD Investment Grade Corporate Bond ETF	646	1.380% (1-Month USD-LIBOR less a specified spread)		Monthly	10/17/2022			47				0				(1)					0				(1)
		Receive	iBoxx USD Investment Grade Corporate Bond ETF	667	1.230% (1-Month USD-LIBOR less a specified spread)		Monthly	12/01/2022			50				0				(2)					0				(2)
		Receive	iBoxx USD Investment Grade Corporate Bond ETF	666	1.230% (1-Month USD-LIBOR less a specified spread)		Monthly	12/15/2022			49				0				(2)					0				(2)
												$		0		$		(6)			$		0		$		(6)
Total Swap Agreements												$		(162)		$		(58)			$		1		$		(221)
(n)	Securities with an aggregate market value of $306 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2022.
(1)	Notional Amount represents the number of contracts.
(2)	If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3)	Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
(4)	The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(5)	The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
(6)	Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory						Level 1			Level 2					Level 3						Fair Value at 09/30/2022

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

Investments in Securities, at Value
Asset-Backed Securities
	Cayman Islands		$	0	$	295	$	0	$	295
	United States			0		12,767		0		12,767
Loan Participations and Assignments
	Luxembourg			0		52		0		52
	Panama			0		820		0		820
	United Kingdom			0		789		375		1,164
	United States			0		3,316		3		3,319
Common Stocks
	Australia
		Consumer Discretionary		0		103		0		103
		Industrials		223		0		0		223
		Materials		2,281		479		0		2,760
	Belgium
		Financials		0		190		0		190
		Utilities		0		89		0		89
	Brazil
		Communication Services		99		0		0		99
		Consumer Staples		359		0		0		359
		Energy		146		0		0		146
		Financials		165		0		0		165
		Materials		1,126		0		0		1,126
	Canada
		Consumer Discretionary		74		0		0		74
		Consumer Staples		459		0		0		459
		Industrials		146		0		0		146
	Chile
		Financials		96		0		0		96
	China
		Communication Services		0		99		0		99
		Consumer Staples		0		151		0		151
		Energy		0		265		0		265
		Financials		0		2,461		0		2,461
		Industrials		0		94		0		94
		Information Technology		0		131		0		131
	Czech Republic
		Utilities		143		0		0		143
	Denmark
		Consumer Staples		0		128		0		128
		Industrials		245		145		0		390
	France
		Consumer Staples		0		207		0		207
		Health Care		0		958		0		958
		Industrials		0		646		0		646
	Germany
		Consumer Discretionary		0		273		0		273
		Utilities		0		351		0		351
	Greece
		Consumer Discretionary		0		98		0		98
	Hong Kong
		Industrials		0		134		0		134
		Real Estate		321		0		0		321
		Utilities		0		102		0		102
	Indonesia
		Communication Services		0		388		0		388
		Consumer Discretionary		0		232		0		232
		Energy		0		108		0		108
		Financials		0		127		0		127
	Israel
		Industrials		50		0		0		50
	Italy
		Utilities		0		219		0		219
	Japan
		Communication Services		264		477		0		741
		Consumer Staples		521		124		0		645
		Health Care		584		699		0		1,283
		Industrials		0		1,179		0		1,179
		Materials		0		195		0		195
		Utilities		0		148		0		148
	Luxembourg
		Financials		0		0		81		81
	Malaysia
		Materials		0		116		0		116
	Netherlands
		Consumer Staples		705		0		0		705
	Norway
		Communication Services		167		0		0		167
		Energy		93		0		0		93
	Portugal
		Consumer Staples		139		0		0		139
		Utilities		0		323		0		323
	South Africa
		Communication Services		0		300		0		300
		Energy		0		97		0		97
		Financials		136		396		0		532

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

	South Korea
		Consumer Discretionary	0	346	0	346
		Consumer Staples	0	172	0	172
	Spain
		Financials	0	772	0	772
		Utilities	123	163	0	286
	Sweden
		Information Technology	458	0	0	458
	Switzerland
		Consumer Staples	333	0	0	333
		Health Care	0	4,781	0	4,781
		Industrials	0	292	0	292
		Information Technology	0	177	0	177
	Taiwan
		Information Technology	0	1,175	0	1,175
	United Kingdom
		Consumer Staples	0	867	0	867
		Energy	63	0	0	63
		Health Care	622	0	0	622
		Industrials	0	627	0	627
		Materials	1,607	751	0	2,358
		Utilities	0	475	0	475
	United States
		Communication Services	92	0	36	128
		Consumer Discretionary	1,248	0	0	1,248
		Consumer Staples	7,230	0	0	7,230
		Energy	2,175	0	0	2,175
		Financials	6,465	0	0	6,465
		Health Care	8,342	0	0	8,342
		Industrials	3,558	0	204	3,762
		Information Technology	4,226	0	0	4,226
		Materials	407	0	0	407
		Utilities	238	0	0	238
Convertible Bonds & Notes
	Cayman Islands
		Industrials	0	12	0	12
Corporate Bonds & Notes
	Austria
		Banking & Finance	0	547	0	547
	Bermuda
		Industrials	0	235	0	235
	Cayman Islands
		Banking & Finance	0	24	0	24
		Industrials	0	393	0	393
		Utilities	0	60	0	60
	Hong Kong
		Banking & Finance	0	181	0	181
	Ireland
		Industrials	0	84	0	84
	Italy
		Banking & Finance	0	373	0	373
	Japan
		Industrials	0	704	0	704
	Liberia
		Industrials	0	912	0	912
	Luxembourg
		Industrials	0	177	0	177
	Peru
		Banking & Finance	0	23	0	23
	Spain
		Industrials	0	163	0	163
	Switzerland
		Banking & Finance	0	337	0	337
	United Kingdom
		Banking & Finance	0	1,546	0	1,546
		Industrials	0	345	0	345
	United States
		Banking & Finance	0	254	0	254
		Industrials	0	5,868	0	5,868
		Utilities	0	3,609	0	3,609
	Venezuela
		Industrials	0	8	0	8
	Virgin Islands (British)
		Industrials	0	245	0	245
Non-Agency Mortgage-Backed Securities
	Ireland		0	638	0	638
	United Kingdom		0	1,039	0	1,039
	United States		0	6,407	0	6,407
Municipal Bonds & Notes
	Illinois		0	20	0	20
	Puerto Rico		0	104	0	104
Preferred Stocks
	Brazil
		Energy	695	0	0	695
	United Kingdom
		Banking & Finance	0	148	0	148

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2022 (Unaudited)

	United States
		Industrials		0		159		0		159
Real Estate Investment Trusts
	Australia
		Real Estate		0		129		0		129
	United States
		Financials		196		0		0		196
		Real Estate		8,116		0		0		8,116
Rights
	Luxembourg
		Financials		0		0		1		1
Sovereign Issues
	Argentina			0		254		0		254
	Peru			0		189		0		189
	Romania			0		124		0		124
	South Africa			0		624		0		624
	Turkey			0		320		0		320
	Venezuela			0		4		0		4
U.S. Government Agencies
	United States			0		21,997		0		21,997
U.S. Treasury Obligations
	United States			0		13,811		0		13,811
Warrants
	Luxembourg
		Financials		0		0		2		2
	United States
		Information Technology		0		0		1		1
Short-Term Instruments
	Repurchase Agreements			0		1,155		0		1,155
	Argentina Treasury Bills			0		38		0		38
			$	54,736	$	104,129	$	703	$	159,568
Investments in Affiliates, at Value
Short-Term Instruments
	Central Funds Used for Cash Management Purposes		$	12,642	$	0	$	0	$	12,642
Total Investments			$	67,378	$	104,129	$	703	$	172,210
Short Sales, at Value - Liabilities
United States				0		(2,611)		0		(2,611)
			$	0	$	(2,611)	$	0	$	(2,611)
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared				0		189		0		189
Over the counter				0		409		0		409
			$	0	$	598	$	0	$	598
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared				(22)		(204)		0		(226)
Over the counter				0		(998)		0		(998)
			$	(22)	$	(1,202)	$	0	$	(1,224)
Total Financial Derivative Instruments			$	(22)	$	(604)	$	0	$	(626)
Totals			$	67,356	$	100,914	$	703	$	168,973
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO RAE Emerging Markets Fund September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 99.1% ¤
COMMON STOCKS 97.0%
BRAZIL 6.9%
COMMUNICATION SERVICES 0.5%
Telefonica Brasil SA	696,145	$	5,225
CONSUMER DISCRETIONARY 0.5%
Vibra Energia SA	1,626,137		5,200
ENERGY 0.3%
Ultrapar Participacoes SA	1,539,465		3,347
FINANCIALS 3.2%
Banco do Brasil SA	4,402,240		31,435
Banco Santander Brasil SA	120,350		677
IRB Brasil Resseguros S/A(b)	6,648,435		1,356
Porto Seguro SA	333,100		1,305
			34,773
INDUSTRIALS 0.4%
CCR SA	71,000		165
Embraer SA(b)	2,161,785		4,669
			4,834
INFORMATION TECHNOLOGY 1.8%
Cielo SA	20,184,845		20,206
UTILITIES 0.2%
Cia Paranaense de Energia	135,700		815
EDP - Energias do Brasil SA	311,000		1,259
			2,074
Total Brazil			75,659
CHILE 0.6%
COMMUNICATION SERVICES 0.1%
Empresa Nacional de Telecomunicaciones SA	66,893		189
CONSUMER DISCRETIONARY 0.0%
Falabella SA	88,756		177
CONSUMER STAPLES 0.3%
Cencosud SA	1,834,151		2,321
Cia Cervecerias Unidas SA	207,103		1,125
			3,446
UTILITIES 0.2%
Aguas Andinas SA 'A'	2,552,262		496
Colbun SA	2,723,764		239
Enel Chile SA	55,859,302		1,612
			2,347
Total Chile			6,159
CHINA 19.6%
CONSUMER DISCRETIONARY 0.8%
BAIC Motor Corp. Ltd. 'H'	8,715,500		1,895
Fuyao Glass Industry Group Co. Ltd.	138,800		557
Topsports International Holdings Ltd.	1,967,000		1,375

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2022 (Unaudited)

Vipshop Holdings Ltd. ADR(b)	680,966	5,727
		9,554
CONSUMER STAPLES 0.3%
Tingyi Cayman Islands Holding Corp.	440,000	758
Want Want China Holdings Ltd.	3,801,000	2,482
		3,240
ENERGY 3.8%
China Coal Energy Co. Ltd. 'H'	538,000	485
China Petroleum & Chemical Corp. 'H'	55,528,400	23,712
China Shenhua Energy Co. Ltd. 'H'	2,040,500	6,072
PetroChina Co. Ltd. 'H'	27,176,000	11,109
		41,378
FINANCIALS 10.4%
Bank of China Ltd. 'H'	107,629,000	35,151
Bank of Communications Co. Ltd. 'H'	7,881,000	4,155
China Cinda Asset Management Co. Ltd. 'H'	32,542,000	3,593
China Construction Bank Corp. 'H'	74,131,000	42,789
China Everbright Bank Co. Ltd. 'H'	2,226,000	611
Industrial & Commercial Bank of China Ltd. 'H'	45,259,000	21,231
PICC Property & Casualty Co. Ltd. 'H'	6,364,000	6,581
		114,111
HEALTH CARE 0.9%
China Resources Pharmaceutical Group Ltd.	4,081,500	2,791
CSPC Pharmaceutical Group Ltd.	2,310,000	2,289
Sinopharm Group Co. Ltd. 'H'	2,305,200	4,601
		9,681
INDUSTRIALS 1.2%
AviChina Industry & Technology Co. Ltd. 'H'	968,000	373
China Communications Services Corp. Ltd. 'H'	5,264,000	1,770
China Energy Engineering Corp. Ltd. 'H'(d)	3,512,000	365
CITIC Ltd.	5,781,000	5,447
CRRC Corp. Ltd. 'H'	3,628,000	1,172
Guangshen Railway Co. Ltd. 'H'	1,458,000	199
Sinopec Engineering Group Co. Ltd. 'H'	2,246,000	897
Sinotruk Hong Kong Ltd.	1,193,500	992
Yangzijiang Shipbuilding Holdings Ltd.	1,798,000	1,283
Zhejiang Expressway Co. Ltd. 'H'	324,000	220
Zhuzhou CRRC Times Electric Co. Ltd.	158,100	662
		13,380
INFORMATION TECHNOLOGY 1.3%
FIH Mobile Ltd.(b)	9,167,000	943
Lenovo Group Ltd.	20,236,000	13,997
		14,940
MATERIALS 0.6%
Angang Steel Co. Ltd. 'H'	6,602,000	1,629
China National Building Material Co. Ltd. 'H'	4,281,400	3,260
Sinopec Shanghai Petrochemical Co. Ltd. 'H'	11,438,000	1,496
		6,385
REAL ESTATE 0.2%
China Evergrande Group«(b)	1,601,000	168
Guangzhou R&F Properties Co. Ltd. 'H'(d)	1,615,000	271
Shui On Land Ltd.	7,377,500	750
Sino-Ocean Group Holding Ltd.	7,724,500	807
		1,996
UTILITIES 0.1%
Datang International Power Generation Co. Ltd. 'H'	4,088,000	778
Total China		215,443
GREECE 0.7%
COMMUNICATION SERVICES 0.2%
Hellenic Telecommunications Organization SA	135,346	1,965

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2022 (Unaudited)

CONSUMER DISCRETIONARY 0.1%
OPAP SA	58,238	699
ENERGY 0.1%
Motor Oil Hellas Corinth Refineries SA	51,289	810
FINANCIALS 0.3%
Alpha Services & Holdings SA(b)	2,297,807	1,804
National Bank of Greece SA(b)	649,010	1,911
		3,715
Total Greece		7,189
HONG KONG 2.4%
FINANCIALS 0.0%
Far East Horizon Ltd.	607,000	409
INDUSTRIALS 0.5%
Orient Overseas International Ltd.	249,000	4,333
Shanghai Industrial Holdings Ltd.	860,000	931
		5,264
REAL ESTATE 0.4%
China Overseas Land & Investment Ltd.	911,000	2,370
Poly Property Group Co. Ltd.	2,658,000	471
Shenzhen Investment Ltd.	1,950,000	296
Yuexiu Property Co. Ltd.	548,000	660
		3,797
UTILITIES 1.5%
China Resources Power Holdings Co. Ltd.	6,432,000	9,932
Kunlun Energy Co. Ltd.	9,542,000	6,868
		16,800
Total Hong Kong		26,270
INDIA 13.2%
COMMUNICATION SERVICES 0.3%
Zee Entertainment Enterprises Ltd.	1,053,981	3,318
CONSUMER DISCRETIONARY 1.6%
Bosch Ltd.	5,217	1,008
Hero MotoCorp Ltd.	145,495	4,529
Mahindra & Mahindra Ltd.	362,979	5,616
Rajesh Exports Ltd.	230,135	1,632
Tata Motors Ltd.(b)	1,044,317	5,138
		17,923
CONSUMER STAPLES 0.7%
ITC Ltd.	1,805,682	7,339
ENERGY 3.0%
Coal India Ltd.	2,298,321	5,956
Hindustan Petroleum Corp. Ltd.	688,491	1,819
Indian Oil Corp. Ltd.	10,177,057	8,324
Oil & Natural Gas Corp. Ltd.	8,214,173	12,724
Oil India Ltd.	1,129,537	2,410
Petronet LNG Ltd.	534,563	1,307
		32,540
FINANCIALS 1.7%
Bank of Baroda	1,220,023	1,967
Bank of India	425,650	250
IDFC Ltd.	5,737,123	4,645
Indiabulls Housing Finance Ltd. 'L'(b)	4,945,640	7,136
Power Finance Corp. Ltd.	1,914,202	2,447
REC Ltd.	1,768,459	2,035

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2022 (Unaudited)

Yes Bank Ltd.«(b)	3,406,176	524
		19,004
HEALTH CARE 0.3%
Glenmark Pharmaceuticals Ltd.	85,795	408
Sun Pharmaceutical Industries Ltd.	239,491	2,782
		3,190
INDUSTRIALS 0.7%
Bharat Electronics Ltd.	1,789,025	2,206
Bharat Heavy Electricals Ltd.	5,699,456	4,160
Hindustan Aeronautics Ltd.	36,041	1,030
IRB Infrastructure Developers Ltd.	69,718	177
		7,573
INFORMATION TECHNOLOGY 0.2%
Oracle Financial Services Software Ltd.	13,277	484
Redington Ltd.	660,900	1,121
Wipro Ltd.	154,414	741
		2,346
MATERIALS 3.8%
Chambal Fertilisers and Chemicals Ltd.	218,975	853
EID Parry India Ltd.	52,592	385
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.	267,356	2,092
Gujarat State Fertilizers & Chemicals Ltd.	190,285	303
Jindal Steel & Power Ltd.	364,304	1,899
National Aluminium Co. Ltd.	8,874,693	7,689
NMDC Ltd.	126,498	197
Steel Authority of India Ltd.	1,365,305	1,275
Tata Steel Ltd.	2,140,881	2,585
Vedanta Ltd.	7,594,779	24,923
		42,201
UTILITIES 0.9%
GAIL India Ltd.	158,986	169
Jaiprakash Power Ventures Ltd.(b)	16,340,189	1,462
JSW Energy Ltd.	205,541	754
NHPC Ltd.	1,276,824	558
NTPC Ltd.	1,513,584	2,956
PTC India Ltd.	1,070,430	1,006
Reliance Infrastructure Ltd.(b)	836,081	1,391
Reliance Power Ltd.(b)	6,780,672	1,353
		9,649
Total India		145,083
INDONESIA 4.6%
COMMUNICATION SERVICES 0.8%
Indosat Tbk PT	667,300	316
Telkom Indonesia Persero Tbk PT	30,036,200	8,754
		9,070
CONSUMER DISCRETIONARY 0.5%
Astra International Tbk PT	11,966,500	5,179
CONSUMER STAPLES 0.2%
Gudang Garam Tbk PT	261,100	393
Hanjaya Mandala Sampoerna Tbk PT	6,911,800	412
Japfa Comfeed Indonesia Tbk PT	2,012,500	200
Unilever Indonesia Tbk PT	2,708,900	857
		1,862
ENERGY 1.7%
Adaro Energy Indonesia Tbk PT	32,387,000	8,352
AKR Corporindo Tbk PT	9,127,600	808
Bukit Asam Tbk PT	6,354,300	1,730
Indo Tambangraya Megah Tbk PT	2,561,000	6,919
United Tractors Tbk PT	550,800	1,183
		18,992
FINANCIALS 0.8%
Bank Mandiri Persero Tbk PT	10,248,700	6,293
Bank Negara Indonesia Persero Tbk PT	3,260,200	1,907

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2022 (Unaudited)

Bank Pan Indonesia Tbk PT	1,175,900	164
Bank Tabungan Negara Persero Tbk PT	1,605,300	156
		8,520
HEALTH CARE 0.1%
Kalbe Farma Tbk PT	7,469,100	896
MATERIALS 0.1%
Indocement Tunggal Prakarsa Tbk PT	1,914,200	1,190
Semen Indonesia Persero Tbk PT	637,200	312
		1,502
UTILITIES 0.4%
Perusahaan Gas Negara Tbk PT	34,975,200	4,006
Total Indonesia		50,027
MALAYSIA 1.7%
COMMUNICATION SERVICES 0.2%
Astro Malaysia Holdings Bhd	1,147,500	189
Telekom Malaysia Bhd	1,623,700	1,910
		2,099
CONSUMER DISCRETIONARY 0.1%
Genting Bhd	1,432,500	1,379
CONSUMER STAPLES 0.0%
British American Tobacco Malaysia Bhd	108,200	239
ENERGY 0.1%
Petronas Dagangan Bhd.	67,500	292
FINANCIALS 0.8%
Alliance Bank Malaysia Bhd.	424,800	323
AMMB Holdings Bhd	1,367,300	1,144
Hong Leong Financial Group Bhd	114,500	454
Malayan Banking Bhd	2,954,600	5,457
Public Bank Bhd	631,600	575
RHB Bank Bhd	737,600	881
		8,834
INDUSTRIALS 0.3%
CAPITAL A BHD(b)	11,021,800	1,483
IJM Corp. Bhd.	1,884,600	676
MISC Bhd	379,900	553
Sime Darby Bhd	430,700	198
		2,910
REAL ESTATE 0.0%
Mah Sing Group Bhd	2,754,600	290
UTILITIES 0.2%
Petronas Gas Bhd	125,700	446
Tenaga Nasional Bhd	794,000	1,376
YTL Power International Bhd	1,594,096	238
		2,060
Total Malaysia		18,103
MEXICO 5.0%
COMMUNICATION SERVICES 1.6%
America Movil SAB de CV	19,334,710	15,965
Grupo Televisa SAB	966,010	1,046
		17,011
CONSUMER DISCRETIONARY 0.1%
Nemak SAB de CV(b)	3,373,500	742
CONSUMER STAPLES 0.7%
Coca-Cola Femsa SAB de CV	338,665	1,979
Gruma SAB de CV	144,716	1,386

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2022 (Unaudited)

Grupo Bimbo SAB de CV	808,875	2,850
Sitios Latinoamerica SAB de CV(b)	966,735	432
Wal-Mart de Mexico SAB de CV	302,400	1,063
		7,710
FINANCIALS 0.2%
Grupo Financiero Inbursa SAB de CV(b)	1,661,798	2,634
INDUSTRIALS 0.3%
Alfa SAB de CV	5,840,900	3,718
MATERIALS 2.1%
Alpek SAB de CV	1,166,100	1,511
Cemex SAB de CV(b)	55,313,520	19,061
Grupo Mexico SAB de CV	87,200	295
Orbia Advance Corp. SAB de CV	1,255,800	2,106
		22,973
Total Mexico		54,788
PHILIPPINES 0.7%
COMMUNICATION SERVICES 0.3%
Globe Telecom, Inc.	9,305	321
PLDT, Inc.	131,505	3,378
		3,699
ENERGY 0.2%
Semirara Mining & Power Corp.	2,414,400	1,597
INDUSTRIALS 0.2%
Alliance Global Group, Inc.	4,799,200	673
DMCI Holdings, Inc.	7,450,500	1,252
		1,925
UTILITIES 0.0%
Aboitiz Power Corp.	383,000	201
First Gen Corp.	682,200	189
		390
Total Philippines		7,611
POLAND 0.6%
COMMUNICATION SERVICES 0.1%
Orange Polska SA	480,641	500
FINANCIALS 0.4%
Bank Polska Kasa Opieki SA	118,720	1,442
Powszechny Zaklad Ubezpieczen SA(d)	300,559	1,394
Santander Bank Polska SA	31,293	1,234
		4,070
UTILITIES 0.1%
Enea SA(b)	158,388	197
PGE Polska Grupa Energetyczna SA(b)	1,054,173	1,326
		1,523
Total Poland		6,093
RUSSIA 0.0%
COMMUNICATION SERVICES 0.0%
Mobile TeleSystems PJSC«(d)	290,070	0
Rostelecom PJSC«(d)	341,490	0
Sistema PJSFC«(b)	1,963,160	0
		0
CONSUMER STAPLES 0.0%
Magnit PJSC«	82,104	0

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2022 (Unaudited)

Magnit PJSC«(b)	11,659	0
		0
ENERGY 0.0%
Gazprom PJSC«	3,725,600	0
LUKOIL PJSC«	254,140	0
		0
FINANCIALS 0.0%
Sberbank of Russia PJSC«	4,916,745	0
VTB Bank PJSC«(b)	23,863,615,853	40
		40
MATERIALS 0.0%
Alrosa PJSC«	2,122,120	0
Magnitogorsk Iron & Steel Works PJSC«	6,974,129	0
MMC Norilsk Nickel PJSC«	3,797	0
Novolipetsk Steel PJSC«	3,113,725	0
Severstal PAO^«(a)	339,609	0
		0
UTILITIES 0.0%
Inter RAO UES PJSC«	15,264,000	0
Rosseti PJSC«	88,235,012	0
Unipro PJSC«	3,938,000	0
		0
Total Russia		40
SAUDI ARABIA 0.0%
FINANCIALS 0.0%
Banque Saudi Fransi	36,495	408
Total Saudi Arabia		408
SOUTH AFRICA 6.3%
COMMUNICATION SERVICES 1.3%
MTN Group Ltd.	1,536,949	10,141
Telkom SA SOC Ltd.(b)	1,186,748	3,042
Vodacom Group Ltd.	183,318	1,232
		14,415
CONSUMER DISCRETIONARY 0.6%
Motus Holdings Ltd.	297,762	1,888
Truworths International Ltd.(d)	786,916	2,159
Woolworths Holdings Ltd.	728,610	2,448
		6,495
CONSUMER STAPLES 0.9%
AVI Ltd.	104,774	422
Distell Group Holdings Ltd.(b)	59,750	569
Shoprite Holdings Ltd.	542,464	6,476
Tiger Brands Ltd.(d)	215,122	2,004
		9,471
FINANCIALS 2.3%
Absa Group Ltd.	801,429	7,785
FirstRand Ltd.	507,129	1,693
Momentum Metropolitan Holdings	2,148,993	1,986
Nedbank Group Ltd.	560,008	6,180
Old Mutual Ltd.	2,676,589	1,438
Standard Bank Group Ltd.	754,156	5,958
		25,040
HEALTH CARE 0.3%
Life Healthcare Group Holdings Ltd.	1,034,710	986
Netcare Ltd.	2,810,610	2,130
		3,116
INDUSTRIALS 0.1%
Barloworld Ltd.	331,779	1,691

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2022 (Unaudited)

MATERIALS 0.8%
Sappi Ltd.(b)	846,239	2,039
Sasol Ltd.	467,963	7,320
		9,359
Total South Africa		69,587
SOUTH KOREA 12.7%
COMMUNICATION SERVICES 2.5%
KT Corp.	916,592	23,041
LG Uplus Corp.	27,722	207
SK Telecom Co. Ltd.	113,468	4,006
		27,254
CONSUMER DISCRETIONARY 2.8%
Hankook Tire & Technology Co. Ltd.	88,203	2,153
Hyundai Mobis Co. Ltd.	5,388	711
Kia Corp.	352,063	17,523
LG Electronics, Inc.	162,287	8,806
LOTTE Himart Co. Ltd.	75,532	680
Lotte Shopping Co. Ltd.	20,587	1,235
		31,108
CONSUMER STAPLES 0.5%
KT&G Corp.	84,141	5,080
FINANCIALS 1.2%
BNK Financial Group, Inc.	150,284	627
DB Insurance Co. Ltd.	86,359	3,308
Hanwha Life Insurance Co. Ltd.	1,389,385	2,010
Hyundai Marine & Fire Insurance Co. Ltd.	194,683	3,964
Meritz Financial Group, Inc.(d)	8,520	123
Meritz Fire & Marine Insurance Co. Ltd.	68,181	1,396
Samsung Card Co. Ltd.	80,580	1,693
Samsung Fire & Marine Insurance Co. Ltd.	4,941	632
		13,753
INDUSTRIALS 2.5%
CJ Corp.	3,804	184
Daewoo Engineering & Construction Co. Ltd.(b)	91,301	260
Doosan Bobcat, Inc.	18,010	355
GS Holdings Corp.	42,788	1,239
Hanwha Aerospace Co. Ltd.	29,433	1,257
Hanwha Corp.	238,607	4,039
Hyundai Engineering & Construction Co. Ltd.	253,230	6,568
Hyundai Glovis Co. Ltd.	6,745	759
LG International Corp.	191,010	5,155
LS Corp.	33,988	1,333
Posco International Corp.	392,148	5,684
SK Networks Co. Ltd.	89,504	246
		27,079
INFORMATION TECHNOLOGY 0.8%
LG Display Co. Ltd.	718,965	5,958
LG Innotek Co. Ltd.	13,059	2,462
		8,420
MATERIALS 1.0%
Dongkuk Steel Mill Co. Ltd.(d)	139,085	1,036
Kolon Industries, Inc.	65,544	1,916
Lotte Chemical Corp.	8,379	835
POSCO Holdings, Inc.	51,006	7,440
Taekwang Industrial Co. Ltd.	327	160
		11,387
UTILITIES 1.4%
Korea Electric Power Corp.	950,190	13,237

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2022 (Unaudited)

Korea Gas Corp.	80,078	1,879
		15,116
Total South Korea		139,197
TAIWAN 7.5%
COMMUNICATION SERVICES 0.2%
Chunghwa Telecom Co. Ltd.	345,000	1,235
Far EasTone Telecommunications Co. Ltd.	255,000	580
		1,815
CONSUMER DISCRETIONARY 0.4%
Cheng Shin Rubber Industry Co. Ltd.	899,000	1,007
China Motor Corp.	833,000	1,063
Formosa Taffeta Co. Ltd.	330,000	280
Kenda Rubber Industrial Co. Ltd.	135,000	135
Tong Yang Industry Co. Ltd.	910,000	1,380
		3,865
CONSUMER STAPLES 0.1%
Uni-President Enterprises Corp.	560,000	1,184
FINANCIALS 0.1%
CTBC Financial Holding Co. Ltd.	679,000	422
Shanghai Commercial & Savings Bank Ltd.	294,000	454
		876
INDUSTRIALS 0.3%
Eva Airways Corp.	851,686	753
Teco Electric & Machinery Co. Ltd.	171,000	151
Walsin Lihwa Corp.	2,326,000	2,938
		3,842
INFORMATION TECHNOLOGY 6.4%
Acer, Inc.	1,606,000	1,106
Asustek Computer, Inc.	795,000	5,830
AUO Corp.	1,294,000	592
Catcher Technology Co. Ltd.	598,000	3,238
Chicony Electronics Co. Ltd.	456,000	1,180
Compal Electronics, Inc.	12,981,000	8,851
Compeq Manufacturing Co. Ltd.	629,000	890
General Interface Solution Holding Ltd.	134,000	321
Hon Hai Precision Industry Co. Ltd.	4,290,316	13,738
Inventec Corp.	7,179,000	5,161
Lite-On Technology Corp.	2,485,035	4,984
Pegatron Corp.	5,512,000	10,117
Powertech Technology, Inc.	551,000	1,335
Primax Electronics Ltd.	635,000	1,269
Quanta Computer, Inc.	1,323,000	3,203
Silicon Motion Technology Corp. ADR	15,517	1,011
Supreme Electronics Co. Ltd.	1,147,000	1,226
Synnex Technology International Corp.	501,650	831
Transcend Information, Inc.	140,000	284
Wistron Corp.	3,074,515	2,565
Wistron NeWeb Corp.	224,000	573
WPG Holdings Ltd.	1,612,320	2,355
		70,660
REAL ESTATE 0.0%
Farglory Land Development Co. Ltd.	100,000	181
Total Taiwan		82,423
THAILAND 9.3%
COMMUNICATION SERVICES 0.0%
Total Access Communication PCL	373,900	450
ENERGY 1.1%
IRPC PCL	23,493,000	1,934
PTT Exploration & Production PCL	804,600	3,431
PTT PCL	1,730,400	1,556

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2022 (Unaudited)

Star Petroleum Refining PCL	17,705,700	4,961
		11,882
FINANCIALS 7.9%
Bangkok Bank PCL	1,888,700	6,807
Kasikornbank PCL	8,155,700	30,990
Kiatnakin Bank PCL	1,177,100	2,135
Krung Thai Bank PCL	19,745,975	8,712
SCB PCL	9,918,300	27,178
Thanachart Capital PCL	6,097,604	6,241
Tisco Financial Group PCL	1,524,000	3,737
TMBThanachart Bank PCL	20,327,200	649
		86,449
HEALTH CARE 0.1%
Bangkok Dusit Medical Services PCL 'F'	1,901,900	1,483
INDUSTRIALS 0.0%
Jasmine Broadband Internet Infrastructure Fund	2,000,600	432
INFORMATION TECHNOLOGY 0.0%
Cal-Comp Electronics Thailand PCL(d)	4,806,191	273
MATERIALS 0.1%
Siam City Cement PCL	142,600	577
REAL ESTATE 0.1%
Pruksa Holding PCL	767,800	244
Sansiri PCL	13,933,100	423
		667
Total Thailand		102,213
TURKEY 5.0%
COMMUNICATION SERVICES 0.4%
Turkcell Iletisim Hizmetleri AS	3,654,826	3,884
CONSUMER DISCRETIONARY 0.3%
Arcelik AS	146,304	529
Tofas Turk Otomobil Fabrikasi AS	535,859	2,643
		3,172
CONSUMER STAPLES 0.0%
Anadolu Efes Biracilik Ve Malt Sanayii AS	246,711	533
ENERGY 0.7%
Turkiye Petrol Rafinerileri AS(b)	481,358	7,492
FINANCIALS 3.3%
Akbank TAS	11,728,360	7,161
Haci Omer Sabanci Holding AS	8,380,439	11,626
Is Yatirim Menkul Degerler AS	1,616,379	2,398
Turkiye Is Bankasi AS 'C'	26,427,752	10,643
Yapi ve Kredi Bankasi AS	12,056,215	4,610
		36,438
INDUSTRIALS 0.1%
AG Anadolu Grubu Holding AS	378,818	1,675
MATERIALS 0.0%
Eregli Demir ve Celik Fabrikalari TAS	150,595	235
UTILITIES 0.2%
Aygaz AS	681,582	1,632

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2022 (Unaudited)

Enerjisa Enerji AS	318,764	297
		1,929
Total Turkey		55,358
UNITED STATES 0.2%
CONSUMER DISCRETIONARY 0.2%
Nexteer Automotive Group Ltd.	4,325,000	2,338
Total United States		2,338
Total Common Stocks (Cost $1,197,790)		1,063,989
PREFERRED STOCKS 1.6%
BRAZIL 1.5%
BANKING & FINANCE 0.3%
Banco do Estado do Rio Grande do Sul SA	1,635,800	3,563
INDUSTRIALS 0.3%
Braskem SA	711,195	3,460
UTILITIES 0.9%
Cia Energetica de Minas Gerais	3,681,409	7,343
Cia Paranaense de Energia	1,938,100	2,364
		9,707
Total Brazil		16,730
CHILE 0.1%
INDUSTRIALS 0.1%
Embotelladora Andina SA	399,787	692
Total Chile		692
RUSSIA 0.0%
ENERGY 0.0%
Bashneft PJSC «	31,237	0
Transneft PJSC «	810	0
		0
Total Russia		0
Total Preferred Stocks (Cost $16,940)		17,422
REAL ESTATE INVESTMENT TRUSTS 0.5%
SOUTH AFRICA 0.1%
REAL ESTATE 0.1%
Redefine Properties Ltd.	3,894,988	764
Total South Africa		764
TURKEY 0.4%
REAL ESTATE 0.4%
Emlak Konut Gayrimenkul Yatirim Ortakligi AS	23,027,513	4,741
Total Turkey		4,741
Total Real Estate Investment Trusts (Cost $5,247)		5,505
RIGHTS 0.0%
PHILIPPINES 0.0%
COMMUNICATION SERVICES 0.0%
Globe Telecom, Inc.(b)	1,053	7

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2022 (Unaudited)

Total Rights (Cost $0)			7
Total Investments in Securities (Cost $1,219,977)			1,086,923
INVESTMENTS IN AFFILIATES 0.8%
SHORT-TERM INSTRUMENTS 0.8%
MUTUAL FUNDS 0.8%
PIMCO Government Money Market Fund
2.920% (c)(d)(e)	8,154,202		8,154
Total Short-Term Instruments (Cost $8,154)			8,154
Total Investments in Affiliates (Cost $8,154)			8,154
Total Investments 99.9% (Cost $1,228,131)		$	1,095,077
Other Assets and Liabilities, net 0.1%			1,474
Net Assets 100.0%		$	1,096,551

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2022 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:
* A zero balance may reflect actual amounts rounding to less than one thousand.
¤		The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.
^		Security is in default.
«		Security valued using significant unobservable inputs (Level 3).
(a)		Security is not accruing income as of the date of this report.
(b)		Security did not produce income within the last twelve months.
(c)		Institutional Class Shares of each Fund.
(d)		Securities with an aggregate market value of $7,590 were out on loan in exchange for $8,244 of cash collateral as of September 30, 2022.
(e)		Coupon represents a 7-Day Yield.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory			Level 1		Level 2		Level 3		Fair Value at 09/30/2022
Investments in Securities, at Value
Common Stocks
	Brazil
		Communication Services	$	5,225	$	0	$	0	$	5,225
		Consumer Discretionary		5,200		0		0		5,200
		Energy		3,347		0		0		3,347
		Financials		34,773		0		0		34,773
		Industrials		4,834		0		0		4,834
		Information Technology		20,206		0		0		20,206
		Utilities		2,074		0		0		2,074
	Chile
		Communication Services		189		0		0		189
		Consumer Discretionary		0		177		0		177
		Consumer Staples		2,321		1,125		0		3,446
		Utilities		735		1,612		0		2,347
	China
		Consumer Discretionary		5,727		3,827		0		9,554
		Consumer Staples		0		3,240		0		3,240
		Energy		0		41,378		0		41,378
		Financials		0		114,111		0		114,111
		Health Care		0		9,681		0		9,681
		Industrials		0		13,380		0		13,380
		Information Technology		0		14,940		0		14,940
		Materials		0		6,385		0		6,385
		Real Estate		0		1,828		168		1,996
		Utilities		0		778		0		778
	Greece
		Communication Services		0		1,965		0		1,965
		Consumer Discretionary		0		699		0		699
		Energy		0		810		0		810
		Financials		0		3,715		0		3,715
	Hong Kong
		Financials		0		409		0		409
		Industrials		0		5,264		0		5,264
		Real Estate		0		3,797		0		3,797
		Utilities		0		16,800		0		16,800
	India
		Communication Services		0		3,318		0		3,318
		Consumer Discretionary		0		17,923		0		17,923
		Consumer Staples		0		7,339		0		7,339
		Energy		0		32,540		0		32,540
		Financials		0		18,480		524		19,004
		Health Care		0		3,190		0		3,190
		Industrials		0		7,573		0		7,573
		Information Technology		0		2,346		0		2,346
		Materials		0		42,201		0		42,201
		Utilities		0		9,649		0		9,649
	Indonesia
		Communication Services		0		9,070		0		9,070
		Consumer Discretionary		0		5,179		0		5,179
		Consumer Staples		0		1,862		0		1,862
		Energy		0		18,992		0		18,992
		Financials		164		8,356		0		8,520
		Health Care		0		896		0		896
		Materials		0		1,502		0		1,502
		Utilities		0		4,006		0		4,006
	Malaysia

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2022 (Unaudited)

		Communication Services	0	2,099	0	2,099
		Consumer Discretionary	0	1,379	0	1,379
		Consumer Staples	0	239	0	239
		Energy	292	0	0	292
		Financials	0	8,834	0	8,834
		Industrials	0	2,910	0	2,910
		Real Estate	0	290	0	290
		Utilities	0	2,060	0	2,060
	Mexico
		Communication Services	17,011	0	0	17,011
		Consumer Discretionary	742	0	0	742
		Consumer Staples	7,710	0	0	7,710
		Financials	2,634	0	0	2,634
		Industrials	3,718	0	0	3,718
		Materials	22,973	0	0	22,973
	Philippines
		Communication Services	0	3,699	0	3,699
		Energy	0	1,597	0	1,597
		Industrials	0	1,925	0	1,925
		Utilities	0	390	0	390
	Poland
		Communication Services	0	500	0	500
		Financials	0	4,070	0	4,070
		Utilities	0	1,523	0	1,523
	Russia
		Financials	0	0	40	40
	Saudi Arabia
		Financials	0	408	0	408
	South Africa
		Communication Services	3,042	11,373	0	14,415
		Consumer Discretionary	1,888	4,607	0	6,495
		Consumer Staples	991	8,480	0	9,471
		Financials	6,180	18,860	0	25,040
		Health Care	986	2,130	0	3,116
		Industrials	1,691	0	0	1,691
		Materials	0	9,359	0	9,359
	South Korea
		Communication Services	0	27,254	0	27,254
		Consumer Discretionary	0	31,108	0	31,108
		Consumer Staples	0	5,080	0	5,080
		Financials	0	13,753	0	13,753
		Industrials	0	27,079	0	27,079
		Information Technology	0	8,420	0	8,420
		Materials	0	11,387	0	11,387
		Utilities	0	15,116	0	15,116
	Taiwan
		Communication Services	0	1,815	0	1,815
		Consumer Discretionary	0	3,865	0	3,865
		Consumer Staples	0	1,184	0	1,184
		Financials	0	876	0	876
		Industrials	0	3,842	0	3,842
		Information Technology	1,011	69,649	0	70,660
		Real Estate	0	181	0	181
	Thailand
		Communication Services	0	450	0	450
		Energy	0	11,882	0	11,882
		Financials	0	86,449	0	86,449
		Health Care	0	1,483	0	1,483
		Industrials	0	432	0	432
		Information Technology	0	273	0	273
		Materials	0	577	0	577
		Real Estate	0	667	0	667
	Turkey
		Communication Services	0	3,884	0	3,884
		Consumer Discretionary	0	3,172	0	3,172
		Consumer Staples	0	533	0	533
		Energy	0	7,492	0	7,492
		Financials	11,771	24,667	0	36,438
		Industrials	1,675	0	0	1,675
		Materials	0	235	0	235
		Utilities	0	1,929	0	1,929
	United States
		Consumer Discretionary	0	2,338	0	2,338
Preferred Stocks
	Brazil
		Banking & Finance	3,563	0	0	3,563
		Industrials	3,460	0	0	3,460
		Utilities	9,707	0	0	9,707
	Chile
		Industrials	692	0	0	692
Real Estate Investment Trusts
	South Africa
		Real Estate	764	0	0	764
	Turkey
		Real Estate	0	4,741	0	4,741
Rights

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2022 (Unaudited)

	Philippines
		Communication Services		0		7		0		7
			$	187,296	$	898,895	$	732	$	1,086,923
Investments in Affiliates, at Value
Short-Term Instruments
	Mutual Funds			8,154		0		0		8,154
Total Investments			$	195,450	$	898,895	$	732	$	1,095,077
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO RAE Global ex-US Fund September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN AFFILIATES 99.9%
MUTUAL FUNDS (a) 99.9%
UNITED STATES 99.9%
PIMCO RAE Emerging Markets Fund	2,178,067	$	18,056
PIMCO RAE International Fund	8,803,985		58,987
Total Mutual Funds (Cost $99,750)			77,043
Total Investments in Affiliates (Cost $99,750)			77,043
Total Investments 99.9% (Cost $99,750)		$	77,043
Other Assets and Liabilities, net 0.1%			99
Net Assets 100.0%		$	77,142

Schedule of Investments PIMCO RAE Global ex-US Fund(Cont.) September 30, 2022 (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.
(a)		Institutional Class Shares of each Fund.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory			Level 1		Level 2		Level 3		Fair Value at 09/30/2022
Investments in Affiliates, at Value
Mutual Funds
	United States		$	77,043	$	0	$	0	$	77,043
Total Investments			$	77,043	$	0	$	0	$	77,043
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO RAE International Fund September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 99.1% ¤
COMMON STOCKS 97.6%
AUSTRALIA 5.4%
COMMUNICATION SERVICES 0.8%
Telstra Corp. Ltd.	1,936,318	$	4,781
CONSUMER STAPLES 0.2%
Metcash Ltd.	387,001		961
ENERGY 0.4%
Ampol Ltd.	99,635		1,843
Viva Energy Group Ltd.	416,854		700
			2,543
FINANCIALS 1.0%
AMP Ltd.(a)	1,075,430		754
Medibank Pvt Ltd.	681,568		1,524
Suncorp Group Ltd.	604,891		3,903
			6,181
INDUSTRIALS 0.2%
Aurizon Holdings Ltd.	544,584		1,205
Brambles Ltd.	29,840		218
			1,423
MATERIALS 1.7%
BHP Group Ltd.	100,988		2,511
BlueScope Steel Ltd.	46,569		452
Orica Ltd.	29,053		248
Rio Tinto Ltd.	109,175		6,604
			9,815
UTILITIES 1.1%
AGL Energy Ltd.	1,440,191		6,283
Total Australia			31,987
AUSTRIA 0.4%
FINANCIALS 0.1%
Vienna Insurance Group AG Wiener Versicherung Gruppe	12,546		255
INDUSTRIALS 0.0%
Strabag SE	2,287		86
MATERIALS 0.3%
voestalpine AG	109,417		1,854
Total Austria			2,195
BELGIUM 0.7%
COMMUNICATION SERVICES 0.2%
Proximus SADP	109,694		1,137
CONSUMER STAPLES 0.1%
Etablissements Franz Colruyt NV	24,954		548
ENERGY 0.3%
Euronav NV	137,814		2,151

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2022 (Unaudited)

INDUSTRIALS 0.1%
bpost SA	88,413	474
MATERIALS 0.0%
Bekaert SA	2,127	54
Total Belgium		4,364
CANADA 5.3%
CONSUMER DISCRETIONARY 2.2%
Canadian Tire Corp. Ltd. 'A'	7,851	836
Gildan Activewear, Inc.	17,391	492
Magna International, Inc.	248,767	11,801
		13,129
CONSUMER STAPLES 0.5%
George Weston Ltd.	4,461	467
Loblaw Cos., Ltd.	31,400	2,486
		2,953
ENERGY 1.2%
Suncor Energy, Inc.	252,441	7,109
FINANCIALS 0.2%
CI Financial Corp.	51,851	497
IGM Financial, Inc.	3,800	95
Onex Corp.	4,310	198
Sun Life Financial, Inc.	11,853	471
		1,261
INDUSTRIALS 0.5%
Finning International, Inc.	49,700	874
Thomson Reuters Corp.	20,529	2,107
		2,981
INFORMATION TECHNOLOGY 0.2%
Celestica, Inc.(a)	131,642	1,109
UTILITIES 0.5%
Atco Ltd. 'I'	69,981	2,151
Canadian Utilities Ltd. 'A'	18,081	470
		2,621
Total Canada		31,163
DENMARK 0.8%
CONSUMER STAPLES 0.1%
Carlsberg AS 'B'	3,297	385
Schouw & Co. AS	2,344	137
		522
HEALTH CARE 0.1%
H Lundbeck AS	142,916	458
H Lundbeck AS 'A'(a)	8,393	25
Novo Nordisk AS 'B'	2,422	241
		724
INDUSTRIALS 0.6%
ISS AS(a)	205,946	3,175
Total Denmark		4,421
FINLAND 2.2%
CONSUMER DISCRETIONARY 0.0%
Nokian Renkaat Oyj	10,703	103
CONSUMER STAPLES 0.0%
Kesko Oyj 'B'	15,928	297

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2022 (Unaudited)

FINANCIALS 0.8%
Nordea Bank Abp	527,314	4,513
HEALTH CARE 0.1%
Orion Oyj 'B'	12,927	545
INDUSTRIALS 0.0%
Wartsila Oyj Abp	41,202	263
INFORMATION TECHNOLOGY 1.2%
Nokia Oyj	1,673,460	7,184
MATERIALS 0.1%
UPM-Kymmene Oyj	12,536	398
Total Finland		13,303
FRANCE 3.9%
COMMUNICATION SERVICES 0.3%
Orange SA	215,757	1,951
CONSUMER DISCRETIONARY 0.9%
Cie Generale des Etablissements Michelin SCA	31,851	714
Renault SA	42,849	1,159
Valeo SA	216,835	3,276
		5,149
CONSUMER STAPLES 0.9%
Carrefour SA	361,111	5,008
Casino Guichard Perrachon SA(a)(c)	41,306	387
		5,395
FINANCIALS 0.4%
AXA SA	122,465	2,674
HEALTH CARE 0.4%
Sanofi	34,170	2,602
INDUSTRIALS 0.4%
ALD SA	19,193	177
Cie de Saint-Gobain	59,089	2,113
		2,290
UTILITIES 0.6%
Engie SA	291,217	3,352
Total France		23,413
GERMANY 3.0%
COMMUNICATION SERVICES 0.1%
Telefonica Deutschland Holding AG	468,016	946
CONSUMER DISCRETIONARY 1.4%
Bayerische Motoren Werke AG	43,697	2,962
Continental AG	8,682	385
Mercedes-Benz Group AG	101,427	5,129
		8,476
CONSUMER STAPLES 0.4%
Metro AG	325,095	2,266
FINANCIALS 0.4%
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen	7,755	1,867
Talanx AG(a)	12,357	437
		2,304
HEALTH CARE 0.1%
Fresenius Medical Care AG & Co. KGaA	11,819	333

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2022 (Unaudited)

INDUSTRIALS 0.1%
Brenntag SE	6,140	371
Daimler Truck Holding AG(a)	29,666	671
		1,042
MATERIALS 0.4%
BASF SE	36,488	1,400
Evonik Industries AG	55,316	927
		2,327
UTILITIES 0.1%
Uniper SE(c)	95,385	360
Total Germany		18,054
HONG KONG 2.8%
COMMUNICATION SERVICES 0.0%
PCCW Ltd.	563,000	254
CONSUMER DISCRETIONARY 0.6%
Chow Tai Fook Jewellery Group Ltd.	62,800	118
Melco Resorts & Entertainment Ltd. ADR(a)	279,725	1,855
Skyworth Group Ltd.	2,300,215	917
Yue Yuen Industrial Holdings Ltd.	468,500	598
		3,488
CONSUMER STAPLES 0.2%
First Pacific Co. Ltd.	652,000	198
WH Group Ltd.	1,286,000	809
		1,007
INDUSTRIALS 0.1%
Hutchison Port Holdings Trust	3,672,700	675
MTR Corp. Ltd.	19,500	89
		764
INFORMATION TECHNOLOGY 0.3%
Kingboard Holdings Ltd.	353,000	994
Kingboard Laminates Holdings Ltd.	522,000	467
		1,461
MATERIALS 0.0%
Lee & Man Paper Manufacturing Ltd.	372,000	119
Nine Dragons Paper Holdings Ltd.	183,000	114
		233
REAL ESTATE 1.6%
CK Asset Holdings Ltd.	405,500	2,435
Henderson Land Development Co. Ltd.	25,000	70
Hongkong Land Holdings Ltd.	90,100	396
Hysan Development Co. Ltd.	20,000	50
Kerry Properties Ltd.	438,000	830
Sino Land Co. Ltd.	62,000	82
Sun Hung Kai Properties Ltd.	19,000	210
Swire Pacific Ltd. 'A'	447,000	3,341
Wharf Holdings Ltd.	617,000	1,973
Wharf Real Estate Investment Co. Ltd.	19,000	86
		9,473
Total Hong Kong		16,680
ISRAEL 1.9%
COMMUNICATION SERVICES 0.5%
Bezeq The Israeli Telecommunication Corp. Ltd.	1,886,676	3,090
Taboola.com Ltd.(a)	26,900	49
		3,139
ENERGY 0.4%
Delek Group Ltd.(a)	5,429	852
Oil Refineries Ltd.	2,954,533	1,011

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2022 (Unaudited)

Paz Oil Co. Ltd.(a)	4,535	497
		2,360
FINANCIALS 0.1%
Bank Hapoalim BM	51,268	435
Bank Leumi Le-Israel BM	15,873	136
		571
HEALTH CARE 0.5%
Teva Pharmaceutical Industries Ltd. SP - ADR(a)	364,606	2,943
INFORMATION TECHNOLOGY 0.2%
Check Point Software Technologies Ltd.(a)	10,891	1,220
MATERIALS 0.1%
Israel Corp. Ltd.	1,776	688
REAL ESTATE 0.1%
G City Ltd.	57,417	267
Total Israel		11,188
ITALY 3.6%
ENERGY 2.6%
Eni SpA(c)	1,471,268	15,638
FINANCIALS 0.4%
Assicurazioni Generali SpA	134,541	1,837
Unipol Gruppo SpA	106,686	415
UnipolSai Assicurazioni SpA	53,199	110
		2,362
INDUSTRIALS 0.1%
Leonardo SpA	42,578	301
UTILITIES 0.5%
Enel SpA	765,933	3,141
Total Italy		21,442
JAPAN 31.1%
COMMUNICATION SERVICES 3.1%
KDDI Corp.	87,900	2,570
Mixi, Inc.(c)	60,800	965
Nippon Telegraph & Telephone Corp.	534,300	14,411
Square Enix Holdings Co. Ltd.	12,800	552
		18,498
CONSUMER DISCRETIONARY 7.7%
Bridgestone Corp.	164,000	5,304
Casio Computer Co. Ltd.(c)	22,500	197
EDION Corp.(c)	135,600	1,103
Exedy Corp.	35,200	401
H2O Retailing Corp.	106,800	815
Isetan Mitsukoshi Holdings Ltd.	57,600	488
Isuzu Motors Ltd.	438,300	4,846
Izumi Co. Ltd.	3,500	75
JTEKT Corp.	30,000	191
K's Holdings Corp.	74,700	616
Mazda Motor Corp.	442,400	2,938
NHK Spring Co. Ltd.	18,500	109
Nikon Corp.(c)	65,500	621
Nissan Motor Co. Ltd.	1,679,300	5,412
Paltac Corp.	7,400	228
Panasonic Holdings Corp.	1,376,100	9,663
Sega Sammy Holdings, Inc.	94,300	1,284
Sekisui House Ltd.	195,300	3,235
Shimamura Co. Ltd.	14,000	1,185
Subaru Corp.	280,500	4,239
Sumitomo Electric Industries Ltd.	78,900	801
Sumitomo Forestry Co. Ltd.	10,400	158
Sumitomo Rubber Industries Ltd.	27,600	220
Tokai Rika Co. Ltd.	19,400	185
TS Tech Co. Ltd.	7,300	72

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2022 (Unaudited)

Yamada Holdings Co. Ltd.	393,700	1,295
		45,681
CONSUMER STAPLES 1.0%
Arcs Co. Ltd.	9,900	141
Itoham Yonekyu Holdings, Inc.	102,000	469
Japan Tobacco, Inc.	269,456	4,428
Mitsubishi Shokuhin Co. Ltd.	6,500	146
NH Foods Ltd.	6,400	169
Pola Orbis Holdings, Inc.	26,200	296
United Super Markets Holdings, Inc.	46,300	338
Yamazaki Baking Co. Ltd.	16,400	189
		6,176
ENERGY 0.2%
Cosmo Energy Holdings Co. Ltd.(c)	44,700	1,153
ENEOS Holdings, Inc.	27,500	89
		1,242
FINANCIALS 5.6%
Credit Saison Co. Ltd.	13,100	154
Japan Post Holdings Co. Ltd.	3,138,800	20,795
MS&AD Insurance Group Holdings, Inc.	245,400	6,499
Sompo Holdings, Inc.	84,200	3,369
Sumitomo Mitsui Trust Holdings, Inc.	6,200	176
Tokio Marine Holdings, Inc.	132,000	2,346
		33,339
HEALTH CARE 0.9%
Alfresa Holdings Corp.	56,300	656
Astellas Pharma, Inc.	105,500	1,398
Medipal Holdings Corp.	150,700	1,916
Suzuken Co. Ltd.	41,200	939
Toho Holdings Co. Ltd.	8,600	115
		5,024
INDUSTRIALS 4.1%
AGC, Inc.	11,600	361
Amada Co. Ltd.(c)	93,100	633
Dai Nippon Printing Co. Ltd.	153,800	3,081
Ebara Corp.	29,300	955
Fujikura Ltd.	154,900	924
Furukawa Electric Co. Ltd.	41,100	652
GS Yuasa Corp.	22,300	348
Hanwa Co. Ltd.	8,100	192
Hino Motors Ltd.	261,300	1,080
Hitachi Transport System Ltd.	17,100	1,022
Inabata & Co. Ltd.(c)	46,900	755
Kajima Corp.(c)	21,800	207
Kandenko Co. Ltd.	24,900	143
Mitsubishi Electric Corp.	158,100	1,431
Mitsubishi Heavy Industries Ltd.	55,400	1,843
Nagase & Co. Ltd.	8,800	120
Nippon Steel Trading Corp.	16,600	577
Nisshinbo Holdings, Inc.	29,200	212
Persol Holdings Co. Ltd.	92,500	1,711
Secom Co. Ltd.	40,900	2,332
SG Holdings Co. Ltd.	22,200	304
Shimizu Corp.	68,600	335
Sojitz Corp.(c)	27,720	406
Taisei Corp.(c)	60,300	1,672
Toppan, Inc.	44,700	666
Yamato Holdings Co. Ltd.	169,800	2,550
		24,512
INFORMATION TECHNOLOGY 3.9%
Alps Alpine Co. Ltd.(c)	210,100	1,519
Brother Industries Ltd.	30,600	528
Canon Marketing Japan, Inc.	10,700	237
Canon, Inc.	385,350	8,417
Fujitsu Ltd.	51,100	5,603
Konica Minolta, Inc.(c)	75,200	232
Nippon Electric Glass Co. Ltd.	17,800	307
Omron Corp.	14,900	683
Ricoh Co. Ltd.	373,500	2,735
SCREEN Holdings Co. Ltd.	8,400	456
Seiko Epson Corp.(c)	115,700	1,580
Trend Micro, Inc.	4,300	231

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2022 (Unaudited)

Yokogawa Electric Corp.	36,400	573
		23,101
MATERIALS 1.9%
Daicel Corp.	174,600	1,028
DIC Corp.	51,800	865
JFE Holdings, Inc.(c)	38,400	357
JSR Corp.(c)	18,100	343
Kaneka Corp.	16,800	420
Mitsubishi Chemical Group Corp.	28,300	130
Mitsui Chemicals, Inc.	40,400	787
Nippon Light Metal Holdings Co. Ltd.(c)	13,300	133
Nitto Denko Corp.	84,200	4,559
Taiheiyo Cement Corp.	40,500	572
Toyo Seikan Group Holdings Ltd.(c)	156,200	1,886
UBE Corp.	10,500	140
		11,220
REAL ESTATE 1.3%
Daito Trust Construction Co. Ltd.	75,000	7,016
Nomura Real Estate Holdings, Inc.	30,200	682
		7,698
UTILITIES 1.4%
Chubu Electric Power Co., Inc.	427,500	3,845
Electric Power Development Co. Ltd. 'C'	140,800	1,991
Hokkaido Electric Power Co., Inc.	132,800	416
Hokuriku Electric Power Co.	57,800	194
Shikoku Electric Power Co., Inc.	52,200	261
Tohoku Electric Power Co., Inc.	331,800	1,560
		8,267
Total Japan		184,758
LUXEMBOURG 0.1%
COMMUNICATION SERVICES 0.1%
Millicom International Cellular SA(a)	12,211	140
RTL Group SA	10,964	347
		487
Total Luxembourg		487
NETHERLANDS 6.1%
COMMUNICATION SERVICES 0.1%
Koninklijke KPN NV	339,453	919
VEON Ltd. ADR«(a)	1,443,617	0
		919
CONSUMER STAPLES 4.4%
Koninklijke Ahold Delhaize NV	1,018,251	25,936
FINANCIALS 0.1%
ING Groep NV	51,962	445
HEALTH CARE 0.1%
Koninklijke Philips NV	33,329	513
INDUSTRIALS 0.9%
Randstad NV(c)	88,993	3,841
Signify NV	55,871	1,438
		5,279
MATERIALS 0.5%
Akzo Nobel NV	51,076	2,895
Total Netherlands		35,987
NEW ZEALAND 0.3%
COMMUNICATION SERVICES 0.1%
Spark New Zealand Ltd.	176,732	494

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2022 (Unaudited)

INDUSTRIALS 0.1%
Air New Zealand Ltd.(a)	549,905	219
Fletcher Building Ltd.	312,259	846
		1,065
UTILITIES 0.1%
Contact Energy Ltd.	89,225	374
Total New Zealand		1,933
NORWAY 0.5%
COMMUNICATION SERVICES 0.1%
Telenor ASA(c)	42,257	387
ENERGY 0.0%
Equinor ASA	8,507	281
INFORMATION TECHNOLOGY 0.0%
Atea ASA	20,281	180
MATERIALS 0.4%
Norsk Hydro ASA	34,564	185
Yara International ASA	56,186	1,972
		2,157
Total Norway		3,005
PORTUGAL 1.1%
CONSUMER STAPLES 0.3%
Jeronimo Martins SGPS SA	45,175	841
Sonae SGPS SA	677,839	547
		1,388
ENERGY 0.4%
Galp Energia SGPS SA	254,317	2,447
MATERIALS 0.1%
Navigator Co. SA	224,592	765
UTILITIES 0.3%
EDP - Energias de Portugal SA	425,272	1,846
Total Portugal		6,446
SINGAPORE 0.6%
COMMUNICATION SERVICES 0.2%
JOYY, Inc. ADR	30,911	804
Singapore Telecommunications Ltd.	319,500	589
		1,393
CONSUMER STAPLES 0.0%
Golden Agri-Resources Ltd.	1,513,900	278
INDUSTRIALS 0.3%
ComfortDelGro Corp. Ltd.	749,400	687
Jardine Cycle & Carriage Ltd.	33,700	788
		1,475
INFORMATION TECHNOLOGY 0.1%
Venture Corp. Ltd.	29,300	333
Total Singapore		3,479
SPAIN 6.3%
COMMUNICATION SERVICES 2.6%
Telefonica SA	4,651,967	15,379

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2022 (Unaudited)

ENERGY 1.3%
Repsol SA	649,447	7,463
FINANCIALS 1.4%
Banco Bilbao Vizcaya Argentaria SA	142,165	638
Banco de Sabadell SA	4,988,660	3,327
Banco Santander SA	1,176,286	2,737
Mapfre SA(c)	1,076,613	1,667
		8,369
INDUSTRIALS 0.1%
ACS Actividades de Construccion y Servicios SA	39,398	885
UTILITIES 0.9%
Endesa SA	91,227	1,370
Naturgy Energy Group SA	179,820	4,160
		5,530
Total Spain		37,626
SWEDEN 0.7%
COMMUNICATION SERVICES 0.1%
Telia Co. AB	103,294	297
CONSUMER DISCRETIONARY 0.1%
Electrolux AB(c)	25,014	260
Husqvarna AB 'B'	90,014	499
JM AB	8,144	113
		872
FINANCIALS 0.2%
Ratos AB 'B'	74,470	254
Swedbank AB 'A'	78,661	1,032
		1,286
INDUSTRIALS 0.2%
Intrum AB	13,497	170
Securitas AB 'B'(c)	139,121	966
Skanska AB 'B'	27,656	344
		1,480
INFORMATION TECHNOLOGY 0.0%
Telefonaktiebolaget LM Ericsson 'B'	17,740	104
MATERIALS 0.1%
Hexpol AB	36,437	299
Total Sweden		4,338
SWITZERLAND 6.8%
COMMUNICATION SERVICES 0.1%
Swisscom AG	1,321	619
CONSUMER DISCRETIONARY 0.7%
Swatch Group AG	19,833	4,454
CONSUMER STAPLES 2.9%
Nestle SA	156,909	16,971
FINANCIALS 1.0%
Swiss Life Holding AG	3,293	1,455
Zurich Insurance Group AG	10,846	4,324
		5,779
HEALTH CARE 1.0%
Roche Holding AG	18,491	6,019
INDUSTRIALS 0.5%
Adecco Group AG	111,252	3,070

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2022 (Unaudited)

MATERIALS 0.6%
Glencore PLC	599,725	3,152
Holcim AG	13,908	570
		3,722
Total Switzerland		40,634
UNITED KINGDOM 14.0%
COMMUNICATION SERVICES 0.7%
Pearson PLC	36,323	347
WPP PLC	485,953	4,012
		4,359
CONSUMER DISCRETIONARY 0.8%
Barratt Developments PLC	64,595	244
Berkeley Group Holdings PLC	6,082	222
Currys PLC	380,474	239
Inchcape PLC	321,945	2,438
Kingfisher PLC	517,674	1,260
Persimmon PLC	10,122	138
		4,541
CONSUMER STAPLES 0.6%
Imperial Brands PLC	82,700	1,700
Marks & Spencer Group PLC(a)	1,424,321	1,554
		3,254
ENERGY 4.9%
Shell PLC	1,151,268	28,596
Subsea 7 SA	62,084	491
		29,087
FINANCIALS 1.2%
Direct Line Insurance Group PLC	504,908	1,042
M&G PLC	3,059,738	5,636
Standard Life Aberdeen PLC	204,803	313
		6,991
HEALTH CARE 1.1%
GSK PLC	464,394	6,707
INDUSTRIALS 0.3%
Royal Mail PLC	867,527	1,766
INFORMATION TECHNOLOGY 0.2%
Micro Focus International PLC	251,830	1,452
MATERIALS 2.0%
Evraz PLC«	238,175	0
Mondi PLC	32,262	496
Rio Tinto PLC	209,780	11,350
		11,846
UTILITIES 2.2%
Centrica PLC	11,258,439	8,835
SSE PLC	253,537	4,281
		13,116
Total United Kingdom		83,119
Total Common Stocks (Cost $611,378)		580,022
PREFERRED STOCKS 0.2%
GERMANY 0.2%
CONSUMER DISCRETIONARY 0.2%
Schaeffler AG	217,834	977
INDUSTRIALS 0.0%
Henkel AG & Co. KGaA	3,270	194

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2022 (Unaudited)

Total Preferred Stocks (Cost $1,632)			1,171
REAL ESTATE INVESTMENT TRUSTS 0.9%
AUSTRALIA 0.5%
REAL ESTATE 0.5%
Scentre Group	1,039,505		1,698
Stockland	532,570		1,115
Vicinity Centres	341,691		381
			3,194
Total Australia			3,194
CANADA 0.2%
REAL ESTATE 0.2%
H&R Real Estate Investment Trust REIT	123,586		931
RioCan Real Estate Investment Trust	12,642		170
			1,101
Total Canada			1,101
FRANCE 0.2%
REAL ESTATE 0.2%
Unibail-Rodamco-Westfield(a)	29,291		1,212
Total France			1,212
Total Real Estate Investment Trusts (Cost $6,704)			5,507
WARRANTS 0.0%
SPAIN 0.0%
INDUSTRIALS 0.0%
Abengoa SA 'B' - Exp. 03/31/2025«	226,011		0
Total Warrants (Cost $0)			0
SHORT-TERM INSTRUMENTS 0.4%
REPURCHASE AGREEMENTS (e) 0.4%			2,265
Total Short-Term Instruments (Cost $2,265)			2,265
Total Investments in Securities (Cost $621,979)			588,965
	SHARES
INVESTMENTS IN AFFILIATES 5.5%
SHORT-TERM INSTRUMENTS 5.5%
MUTUAL FUNDS 5.5%
PIMCO Government Money Market Fund 2.920% (b)(c)(d)	32,276,244		32,276
Total Short-Term Instruments (Cost $32,276)			32,276
Total Investments in Affiliates (Cost $32,276)			32,276
Total Investments 104.6% (Cost $654,255)		$	621,241
Financial Derivative Instruments(f)0.0%(Cost or Premiums, net $0)			38
Other Assets and Liabilities, net (4.6)%			(27,164)
Net Assets 100.0%		$	594,115

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2022 (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).
(a)		Security did not produce income within the last twelve months.
(b)		Institutional Class Shares of each Fund.
(c)		Securities with an aggregate market value of $30,431 were out on loan in exchange for $32,276 of cash collateral as of September 30, 2022.
(d)		Coupon represents a 7-Day Yield.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(e)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date	Maturity Date			Principal Amount			Collateralized By											Collateral (Received)				Repurchase Agreements, at Value						Repurchase Agreement Proceeds to be Received(1)
FICC			1.150%	09/30/2022	10/03/2022		$	2,265			U.S. Treasury Inflation Protected Securities 0.125% due 01/15/2023									$			(2,310)		$		2,265				$		2,265
Total Repurchase Agreements																				$			(2,310)		$		2,265				$		2,265
(1)		Includes accrued interest.
(f)		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
MYI				10/2022		JPY			962,431				$	6,958				$			308							$		0
				10/2022		$			6,913				JPY	962,431							0									(263)
SCX				10/2022					484				CAD	659							0									(7)
Total Forward Foreign Currency Contracts																	$			308							$		(270)
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory										Level 1					Level 2				Level 3					Fair Value at 09/30/2022
Investments in Securities, at Value
Common Stocks
	Australia
		Communication Services								$		0			$	4,781			$	0				$			4,781
		Consumer Staples										961				0				0							961
		Energy										2,543				0				0							2,543
		Financials										0				6,181				0							6,181
		Industrials										1,423				0				0							1,423
		Materials										9,077				738				0							9,815
		Utilities										0				6,283				0							6,283
	Austria
		Financials										255				0				0							255
		Industrials										86				0				0							86
		Materials										0				1,854				0							1,854
	Belgium
		Communication Services										0				1,137				0							1,137
		Consumer Staples										548				0				0							548
		Energy										2,151				0				0							2,151
		Industrials										0				474				0							474
		Materials										0				54				0							54
	Canada
		Consumer Discretionary										13,129				0				0							13,129
		Consumer Staples										2,953				0				0							2,953
		Energy										7,109				0				0							7,109
		Financials										1,261				0				0							1,261
		Industrials										2,981				0				0							2,981
		Information Technology										1,109				0				0							1,109
		Utilities										2,621				0				0							2,621
	Denmark
		Consumer Staples										137				385				0							522
		Health Care										483				241				0							724
		Industrials										0				3,175				0							3,175

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2022 (Unaudited)

Finland
	Consumer Discretionary	0	103	0	103
	Consumer Staples	297	0	0	297
	Financials	0	4,513	0	4,513
	Health Care	545	0	0	545
	Industrials	0	263	0	263
	Information Technology	0	7,184	0	7,184
	Materials	398	0	0	398
France
	Communication Services	1,951	0	0	1,951
	Consumer Discretionary	3,990	1,159	0	5,149
	Consumer Staples	5,008	387	0	5,395
	Financials	0	2,674	0	2,674
	Health Care	0	2,602	0	2,602
	Industrials	0	2,290	0	2,290
	Utilities	3,352	0	0	3,352
Germany
	Communication Services	946	0	0	946
	Consumer Discretionary	2,962	5,514	0	8,476
	Consumer Staples	2,266	0	0	2,266
	Financials	0	2,304	0	2,304
	Health Care	0	333	0	333
	Industrials	671	371	0	1,042
	Materials	927	1,400	0	2,327
	Utilities	360	0	0	360
Hong Kong
	Communication Services	0	254	0	254
	Consumer Discretionary	2,453	1,035	0	3,488
	Consumer Staples	809	198	0	1,007
	Industrials	764	0	0	764
	Information Technology	0	1,461	0	1,461
	Materials	119	114	0	233
	Real Estate	3,817	5,656	0	9,473
Israel
	Communication Services	3,139	0	0	3,139
	Energy	1,508	852	0	2,360
	Financials	571	0	0	571
	Health Care	2,943	0	0	2,943
	Information Technology	1,220	0	0	1,220
	Materials	0	688	0	688
	Real Estate	0	267	0	267
Italy
	Energy	15,638	0	0	15,638
	Financials	525	1,837	0	2,362
	Industrials	0	301	0	301
	Utilities	0	3,141	0	3,141
Japan
	Communication Services	15,928	2,570	0	18,498
	Consumer Discretionary	29,100	16,581	0	45,681
	Consumer Staples	4,893	1,283	0	6,176
	Energy	0	1,242	0	1,242
	Financials	6,829	26,510	0	33,339
	Health Care	2,452	2,572	0	5,024
	Industrials	5,689	18,823	0	24,512
	Information Technology	2,791	20,310	0	23,101
	Materials	1,291	9,929	0	11,220
	Real Estate	682	7,016	0	7,698
	Utilities	6,082	2,185	0	8,267
Luxembourg
	Communication Services	487	0	0	487
Netherlands
	Communication Services	0	919	0	919
	Consumer Staples	25,936	0	0	25,936
	Financials	445	0	0	445
	Health Care	0	513	0	513
	Industrials	5,279	0	0	5,279
	Materials	0	2,895	0	2,895
New Zealand
	Communication Services	0	494	0	494
	Industrials	846	219	0	1,065
	Utilities	0	374	0	374
Norway
	Communication Services	387	0	0	387
	Energy	281	0	0	281
	Information Technology	0	180	0	180
	Materials	2,157	0	0	2,157
Portugal
	Consumer Staples	841	547	0	1,388
	Energy	2,447	0	0	2,447
	Materials	0	765	0	765
	Utilities	0	1,846	0	1,846
Singapore
	Communication Services	1,393	0	0	1,393
	Consumer Staples	278	0	0	278
	Industrials	687	788	0	1,475
	Information Technology	0	333	0	333

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2022 (Unaudited)

	Spain
		Communication Services		0		15,379		0		15,379
		Energy		0		7,463		0		7,463
		Financials		1,667		6,702		0		8,369
		Industrials		0		885		0		885
		Utilities		5,530		0		0		5,530
	Sweden
		Communication Services		297		0		0		297
		Consumer Discretionary		0		872		0		872
		Financials		1,286		0		0		1,286
		Industrials		514		966		0		1,480
		Information Technology		104		0		0		104
		Materials		299		0		0		299
	Switzerland
		Communication Services		619		0		0		619
		Consumer Discretionary		0		4,454		0		4,454
		Consumer Staples		16,971		0		0		16,971
		Financials		1,455		4,324		0		5,779
		Health Care		0		6,019		0		6,019
		Industrials		0		3,070		0		3,070
		Materials		570		3,152		0		3,722
	United Kingdom
		Communication Services		347		4,012		0		4,359
		Consumer Discretionary		2,921		1,620		0		4,541
		Consumer Staples		0		3,254		0		3,254
		Energy		29,087		0		0		29,087
		Financials		5,636		1,355		0		6,991
		Health Care		6,707		0		0		6,707
		Industrials		1,766		0		0		1,766
		Information Technology		0		1,452		0		1,452
		Materials		11,350		496		0		11,846
		Utilities		8,835		4,281		0		13,116
Preferred Stocks
	Germany
		Consumer Discretionary		0		977		0		977
		Industrials		0		194		0		194
Real Estate Investment Trusts
	Australia
		Real Estate		381		2,813		0		3,194
	Canada
		Real Estate		1,101		0		0		1,101
	France
		Real Estate		0		1,212		0		1,212
Short-Term Instruments
	Repurchase Agreements			0		2,265		0		2,265
			$	320,650	$	268,315	$	0	$	588,965
Investments in Affiliates, at Value
Short-Term Instruments
	Mutual Funds			32,276		0		0		32,276
Total Investments			$	352,926	$	268,315	$	0	$	621,241
Financial Derivative Instruments - Assets
Over the counter			$	0	$	308	$	0	$	308
Financial Derivative Instruments - Liabilities
Over the counter			$	0	$	(270)	$	0	$	(270)
Total Financial Derivative Instruments			$	0	$	38	$	0	$	38
Totals			$	352,926	$	268,353	$	0	$	621,279
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO RAE US Fund September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 99.9% ¤
COMMON STOCKS 97.8%
UNITED KINGDOM 0.2%
CONSUMER DISCRETIONARY 0.2%
Capri Holdings Ltd.(a)	44,297	$	1,703
Total United Kingdom			1,703
UNITED STATES 97.6%
COMMUNICATION SERVICES 0.9%
Altice USA, Inc. 'A'(a)	82,465		481
Liberty Media Corp.-Liberty SiriusXM 'C'(a)	46,784		1,764
Lumen Technologies, Inc.	243,847		1,775
News Corp. 'A'	11,428		173
Verizon Communications, Inc.	118,840		4,512
			8,705
CONSUMER DISCRETIONARY 6.6%
AutoNation, Inc.(a)	7,951		810
Bed Bath & Beyond, Inc.(a)(c)	315,786		1,923
Best Buy Co., Inc.	35,815		2,269
Dick's Sporting Goods, Inc.	3,844		402
Dollar General Corp.	8,066		1,935
eBay, Inc.	276,456		10,176
Foot Locker, Inc.	87,127		2,712
Ford Motor Co.	589,007		6,597
Gap, Inc.	39,293		323
Goodyear Tire & Rubber Co.(a)	72,953		736
Kohl's Corp.	450,673		11,335
Lear Corp.	3,988		477
Lowe's Cos., Inc.	6,178		1,160
Macy's, Inc.	611,131		9,576
Nordstrom, Inc.	80,284		1,343
PulteGroup, Inc.	7,720		290
Qurate Retail, Inc.	818,121		1,644
Target Corp.	73,804		10,952
Whirlpool Corp.	10,659		1,437
Yum! Brands, Inc.	2,152		229
			66,326
CONSUMER STAPLES 8.3%
Albertsons Cos., Inc. 'A'	3,591		89
Altria Group, Inc.	164,180		6,630
Kroger Co.	315,047		13,783
Philip Morris International, Inc.	46,363		3,849
Sysco Corp.	18,489		1,307
Walgreens Boots Alliance, Inc.	552,506		17,349
Walmart, Inc.	316,844		41,095
			84,102
ENERGY 19.0%
Baker Hughes Co.	29,895		627
ConocoPhillips	189,801		19,424
Exxon Mobil Corp.	516,948		45,135
Marathon Oil Corp.	249,935		5,643
Marathon Petroleum Corp.	398,603		39,593
PBF Energy, Inc. 'A'(a)	100,785		3,544
Phillips 66	325,554		26,279
Transocean Ltd.(a)	707,934		1,749
Valero Energy Corp.	452,386		48,337
World Fuel Services Corp.	66,645		1,562
			191,893
FINANCIALS 9.4%
Allstate Corp.	30,107		3,749
Ally Financial, Inc.	100,127		2,786

Schedule of Investments PIMCO RAE US Fund(Cont.) September 30, 2022 (Unaudited)

American International Group, Inc.	20,334	965
Ameriprise Financial, Inc.	14,895	3,753
Bank of New York Mellon Corp.	37,856	1,458
Comerica, Inc.	17,604	1,252
Discover Financial Services	93,618	8,512
Franklin Resources, Inc.	258,554	5,564
Genworth Financial, Inc. 'A'(a)	454,500	1,591
Invesco Ltd.	24,299	333
Jefferies Financial Group, Inc.	6,116	180
Loews Corp.	20,746	1,034
Navient Corp.	305,824	4,493
Old Republic International Corp.	6,600	138
Synchrony Financial	504,206	14,214
Travelers Cos., Inc.	38,064	5,831
Wells Fargo & Co.	962,010	38,692
		94,545
HEALTH CARE 22.8%
Amgen, Inc.	132,738	29,919
Biogen, Inc.(a)	74,381	19,860
Cardinal Health, Inc.	350,729	23,387
DaVita, Inc.(a)	39,851	3,298
Elevance Health, Inc.	39,405	17,899
Gilead Sciences, Inc.	492,220	30,365
Humana, Inc.	32,129	15,589
Johnson & Johnson	75,894	12,398
McKesson Corp.	91,307	31,033
Merck & Co., Inc.	278,930	24,021
Organon & Co.	97,335	2,278
Pfizer, Inc.	448,727	19,636
Universal Health Services, Inc. 'B'	4,751	419
Waters Corp.(a)	1,830	493
		230,595
INDUSTRIALS 3.0%
AECOM	4,536	310
Carlisle Cos., Inc.	2,395	671
CH Robinson Worldwide, Inc.	25,353	2,442
CSX Corp.	34	1
Cummins, Inc.	4,957	1,009
Eaton Corp. PLC	14,576	1,944
Fluor Corp.(a)	318,152	7,919
Honeywell International, Inc.	2,751	459
Illinois Tool Works, Inc.	9,861	1,781
ManpowerGroup, Inc.	66,149	4,279
Quanta Services, Inc.	21,453	2,733
Robert Half International, Inc.	4,860	372
Spirit AeroSystems Holdings, Inc. 'A'	12,351	271
Union Pacific Corp.	30,103	5,865
WW Grainger, Inc.	820	401
		30,457
INFORMATION TECHNOLOGY 20.2%
Amdocs Ltd.	5,793	460
Apple, Inc.	308,331	42,611
Applied Materials, Inc.	44,513	3,647
Arrow Electronics, Inc.(a)	41,630	3,838
Avnet, Inc.	114,665	4,142
Bread Financial Holdings, Inc.	95,510	3,004
Cisco Systems, Inc.	1,104,514	44,181
Citrix Systems, Inc.	32,594	3,390
Cognizant Technology Solutions Corp. 'A'	31,382	1,803
DXC Technology Co.(a)	58,659	1,436
Hewlett Packard Enterprise Co.	656,515	7,865
HP, Inc.	198,335	4,943
Intel Corp.	545,798	14,065
Jabil, Inc.	88,808	5,125
Juniper Networks, Inc.	222,900	5,822
KLA Corp.	3,717	1,125
NetApp, Inc.	172,599	10,675
NortonLifeLock, Inc.	313,505	6,314
Oracle Corp.	159,867	9,763
Qorvo, Inc.(a)	4,651	369
QUALCOMM, Inc.	154,841	17,494
Seagate Technology Holdings PLC	100,039	5,325
Skyworks Solutions, Inc.	3,485	297
Texas Instruments, Inc.	4,515	699
Western Digital Corp.(a)	86,708	2,822
Western Union Co.	7,513	101

Schedule of Investments PIMCO RAE US Fund(Cont.) September 30, 2022 (Unaudited)

Xerox Holdings Corp.	188,250		2,462
			203,778
MATERIALS 0.9%
Alcoa Corp.	8,772		295
CF Industries Holdings, Inc.	32,161		3,096
International Paper Co.	38,840		1,231
Reliance Steel & Aluminum Co.	22,342		3,897
			8,519
REAL ESTATE 0.0%
Jones Lang LaSalle, Inc.(a)	2,445		369
UTILITIES 6.5%
AES Corp.	215,520		4,871
Consolidated Edison, Inc.	25,677		2,202
Evergy, Inc.	165,315		9,820
Exelon Corp.	345,508		12,943
FirstEnergy Corp.	72,929		2,698
NRG Energy, Inc.	86,215		3,300
Pinnacle West Capital Corp.	12,032		776
PPL Corp.	101,034		2,561
Public Service Enterprise Group, Inc.	50,741		2,853
Southern Co.	147,622		10,038
Vistra Corp.	666,753		14,002
WEC Energy Group, Inc.	1		0
			66,064
Total United States			985,353
Total Common Stocks (Cost $891,811)			987,056
REAL ESTATE INVESTMENT TRUSTS 1.5%
UNITED STATES 1.5%
REAL ESTATE 1.5%
Host Hotels & Resorts, Inc.	512,947		8,146
Iron Mountain, Inc.	41,124		1,808
Park Hotels & Resorts, Inc.	49,054		552
Ventas, Inc.	5,709		229
Weyerhaeuser Co.	151,668		4,332
Total Real Estate Investment Trusts (Cost $16,422)			15,067
SHORT-TERM INSTRUMENTS 0.6%
REPURCHASE AGREEMENTS (e) 0.6%			6,247
Total Short-Term Instruments (Cost $6,247)			6,247
Total Investments in Securities (Cost $914,480)			1,008,370
INVESTMENTS IN AFFILIATES 0.2%
SHORT-TERM INSTRUMENTS 0.2%
MUTUAL FUNDS 0.2%
PIMCO Government Money Market Fund 2.920% (b)(c)(d)	2,003,802		2,004
Total Short-Term Instruments (Cost $2,004)			2,004
Total Investments in Affiliates (Cost $2,004)			2,004
Total Investments 100.1% (Cost $916,484)		$	1,010,374
Other Assets and Liabilities, net (0.1)%			(726)
Net Assets 100.0%		$	1,009,648

Schedule of Investments PIMCO RAE US Fund(Cont.) September 30, 2022 (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.
(a)		Security did not produce income within the last twelve months.
(b)		Institutional Class Shares of each Fund.
(c)		Securities with an aggregate market value of $1,955 were out on loan in exchange for $2,004 of cash collateral as of September 30, 2022.
(d)		Coupon represents a 7-Day Yield.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(e)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date	Maturity Date		Principal Amount		Collateralized By						Collateral (Received)				Repurchase Agreements, at Value			Repurchase Agreement Proceeds to be Received(1)
FICC			1.150%	09/30/2022	10/03/2022	$	6,247		U.S. Treasury Inflation Protected Securities 0.125% due 01/15/2023					$		(6,372)		$		6,247	$		6,247
Total Repurchase Agreements														$		(6,372)		$		6,247	$		6,247
(1)		Includes accrued interest.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1			Level 2		Level 3				Fair Value at 09/30/2022
Investments in Securities, at Value
Common Stocks
	United Kingdom
		Consumer Discretionary						$		1,703	$	0	$	0			$			1,703
	United States
		Communication Services								8,705		0		0						8,705
		Consumer Discretionary								66,326		0		0						66,326
		Consumer Staples								84,102		0		0						84,102
		Energy								191,893		0		0						191,893
		Financials								94,545		0		0						94,545
		Health Care								230,595		0		0						230,595
		Industrials								30,457		0		0						30,457
		Information Technology								200,388		3,390		0						203,778
		Materials								8,519		0		0						8,519
		Real Estate								369		0		0						369
		Utilities								66,064		0		0						66,064
Real Estate Investment Trusts
	United States
		Real Estate								15,067		0		0						15,067
Short-Term Instruments
	Repurchase Agreements									0		6,247		0						6,247
								$		998,733	$	9,637	$	0			$			1,008,370
Investments in Affiliates, at Value
Short-Term Instruments
	Mutual Funds									2,004		0		0						2,004
Total Investments								$		1,000,737	$	9,637	$	0			$			1,010,374
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO RAE US Small Fund September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 99.9% ¤
COMMON STOCKS 86.3%
UNITED KINGDOM 0.4%
FINANCIALS 0.4%
Janus Henderson Group PLC	97,594	$	1,982
Total United Kingdom			1,982
UNITED STATES 85.9%
COMMUNICATION SERVICES 1.4%
AMC Networks, Inc. 'A'(a)	112,839		2,291
Cinemark Holdings, Inc.(a)	9,338		113
NII Holdings, Inc.(a)	22,836		55
Scholastic Corp.	45,590		1,402
Yelp, Inc.(a)	108,244		3,671
			7,532
CONSUMER DISCRETIONARY 16.9%
Abercrombie & Fitch Co. 'A'(a)	444,450		6,911
Academy Sports & Outdoors, Inc.	20,830		879
Adtalem Global Education, Inc.(a)	140,237		5,112
American Axle & Manufacturing Holdings, Inc.(a)	22,658		155
American Eagle Outfitters, Inc.	18,702		182
Buckle, Inc.	56,690		1,795
Designer Brands, Inc.'A'	148,951		2,280
Dillard's, Inc. 'A'(c)	99,828		27,229
G-III Apparel Group Ltd.(a)	90,182		1,348
GameStop Corp. 'A'(a)(c)	18,265		459
Genesco, Inc.(a)	8,235		324
Group 1 Automotive, Inc.	1,651		236
Guess?, Inc.(c)	56,925		835
H&R Block, Inc.	124,288		5,287
International Game Technology PLC	34,759		549
Jack in the Box, Inc.	8,466		627
Kontoor Brands, Inc.	3,195		107
La-Z-Boy, Inc.	13,283		300
Laureate Education, Inc. 'A'	129,108		1,362
Meritage Homes Corp.(a)	12,616		886
Murphy USA, Inc.	60,197		16,549
ODP Corp.(a)	107,157		3,767
Signet Jewelers Ltd.	44,903		2,568
Sleep Number Corp.(a)	50,009		1,691
Sonic Automotive, Inc. 'A'	18,828		815
Steven Madden Ltd.	18,068		482
Travel & Leisure Co.	29,864		1,019
Tri Pointe Homes, Inc.(a)	48,907		739
Tupperware Brands Corp.(a)	228,181		1,495
Visteon Corp.(a)	63,200		6,703
Wolverine World Wide, Inc.	22,554		347
			93,038
CONSUMER STAPLES 5.9%
B&G Foods, Inc.(c)	40,885		674
Fresh Del Monte Produce, Inc.	88,418		2,055
Fresh Market, Inc.(a)	3,535		2
Ingles Markets, Inc. 'A'	50,022		3,962
National Beverage Corp.	16,367		631
Nu Skin Enterprises, Inc. 'A'	116,634		3,892
PriceSmart, Inc.	3,856		222
SpartanNash Co.	93,442		2,712
Sprouts Farmers Market, Inc.(a)	302,247		8,387
TreeHouse Foods, Inc.(a)	15,987		678
United Natural Foods, Inc.(a)	41,600		1,430
Universal Corp.	54,774		2,522
USANA Health Sciences, Inc.(a)	16,824		943
Vector Group Ltd.	99,698		878

Schedule of Investments PIMCO RAE US Small Fund(Cont.) September 30, 2022 (Unaudited)

Weis Markets, Inc.	52,207	3,719
		32,707
ENERGY 16.0%
Arch Resources, Inc.	10,133	1,202
CNX Resources Corp.(a)	456,151	7,084
CVR Energy, Inc.	254,524	7,376
Delek U.S. Holdings, Inc.	404,870	10,988
Dril-Quip, Inc.(a)	6,956	136
Helmerich & Payne, Inc.	451,289	16,684
Kosmos Energy Ltd.(a)	718,044	3,712
Murphy Oil Corp.	275,669	9,695
Nabors Industries Ltd.(a)	28,159	2,857
Oceaneering International, Inc.(a)	737,927	5,874
Patterson-UTI Energy, Inc.	972,065	11,354
Peabody Energy Corp.(a)	44,963	1,116
Permian Resources Corp.(a)	1,200,408	8,163
RPC, Inc.	212,154	1,470
SM Energy Co.	5,162	194
		87,905
FINANCIALS 5.7%
Affiliated Managers Group, Inc.	46,494	5,200
American Equity Investment Life Holding Co.	47,324	1,765
Associated Banc-Corp.	44,256	889
BankUnited, Inc.	23,168	792
Banner Corp.	2,173	128
BGC Partners, Inc. 'A'	92,206	290
Brightsphere Investment Group, Inc.	128,883	1,922
Capitol Federal Financial, Inc.	57,401	476
Cathay General Bancorp	19,034	732
Cohen & Steers, Inc.	5,275	330
Columbia Banking System, Inc.	4,690	135
Evercore, Inc. 'A'	4,263	351
Federated Hermes, Inc. 'B'	27,325	905
First Hawaiian, Inc.	40,830	1,006
FirstCash Holdings, Inc.	2,757	202
FNB Corp.	33,245	386
Hilltop Holdings, Inc.	20,405	507
Home BancShares, Inc.	10,409	234
Hope Bancorp, Inc.	39,511	499
International Bancshares Corp.	12,006	510
Mercury General Corp.	7,148	203
Nelnet, Inc. 'A'	9,145	724
Old National Bancorp	9,266	153
PacWest Bancorp	54,984	1,243
ProAssurance Corp.	134,012	2,615
PROG Holdings, Inc.(a)	148,861	2,230
Stewart Information Services Corp.	8,931	390
Trustmark Corp.	24,075	737
Washington Federal, Inc.	96,281	2,886
White Mountains Insurance Group Ltd.	2,205	2,873
		31,313
HEALTH CARE 8.2%
Acadia Healthcare Co., Inc.(a)	25,739	2,012
Allscripts Healthcare Solutions, Inc.(a)	91,561	1,395
Brookdale Senior Living, Inc.(a)	102,669	438
Community Health Systems, Inc.(a)	201,840	434
Ionis Pharmaceuticals, Inc.(a)	16,163	715
Myriad Genetics, Inc.(a)	304,151	5,803
OPKO Health, Inc.(a)	22,772	43
Owens & Minor, Inc.	151,355	3,648
Patterson Cos., Inc.	394,861	9,485
Pediatrix Medical Group, Inc.(a)	427,915	7,065
United Therapeutics Corp.(a)	66,503	13,924
		44,962
INDUSTRIALS 10.4%
AAR Corp.(a)	39,814	1,426
ABM Industries, Inc.	9,345	357
Acuity Brands, Inc.	15,586	2,454
Allison Transmission Holdings, Inc.	158,562	5,353
Apogee Enterprises, Inc.	50,066	1,914
Applied Industrial Technologies, Inc.	6,183	635
Barnes Group, Inc.	9,738	281
Boise Cascade Co.	4,297	255
Brady Corp. 'A'	7,210	301
CoreCivic, Inc.(a)	508,808	4,498
Deluxe Corp.	71,813	1,196
Dycom Industries, Inc.(a)	45,541	4,351

Schedule of Investments PIMCO RAE US Small Fund(Cont.) September 30, 2022 (Unaudited)

EMCOR Group, Inc.	5,577	644
Encore Wire Corp.	2,710	313
EnerSys	7,008	408
Forward Air Corp.	1,290	116
Franklin Electric Co., Inc.	2,624	214
FTI Consulting, Inc.(a)	24,734	4,099
Hawaiian Holdings, Inc.(a)	25,846	340
Healthcare Services Group, Inc.	151,495	1,832
Herc Holdings, Inc.	8,796	914
HNI Corp.	18,879	500
Landstar System, Inc.	6,923	999
Matthews International Corp. 'A'	6,697	150
Moog, Inc. 'A'	11,988	843
Mueller Industries, Inc.	22,722	1,351
NOW, Inc.(a)	289,684	2,911
Pitney Bowes, Inc.	250,877	585
Primoris Services Corp.	5,773	94
Rush Enterprises, Inc. 'A'	16,314	716
Schneider National, Inc. 'B'	139,989	2,842
Steelcase, Inc. 'A'	51,245	334
Terex Corp.	19,409	577
Trinity Industries, Inc.	22,460	479
TrueBlue, Inc.(a)	68,967	1,316
Valmont Industries, Inc.	9,504	2,553
Veritiv Corp.(a)	27,030	2,643
Watsco, Inc.	21,879	5,633
Watts Water Technologies, Inc. 'A'	3,346	421
Werner Enterprises, Inc.	13,654	513
		57,361
INFORMATION TECHNOLOGY 9.4%
Amkor Technology, Inc.	74,502	1,270
Belden, Inc.	15,378	923
Benchmark Electronics, Inc.	122,569	3,037
Cirrus Logic, Inc.(a)	47,739	3,284
Conduent, Inc.(a)	909,499	3,038
CSG Systems International, Inc.	41,622	2,201
InterDigital, Inc.	14,527	587
Knowles Corp.(a)	38,986	475
LiveRamp Holdings, Inc.(a)	7,998	145
NetScout Systems, Inc.(a)	229,204	7,179
PC Connection, Inc.	11,256	508
Plexus Corp.(a)	8,062	706
Sabre Corp.(a)	399,409	2,057
Sanmina Corp.(a)	251,498	11,589
Synaptics, Inc.(a)	38,830	3,845
Teradata Corp.(a)	276,832	8,598
TTM Technologies, Inc.(a)	59,465	784
Vishay Intertechnology, Inc.	97,045	1,726
		51,952
MATERIALS 4.6%
Cabot Corp.	17,589	1,124
Carpenter Technology Corp.	10,913	340
Graphic Packaging Holding Co.	65,873	1,300
Innospec, Inc.	4,563	391
Kaiser Aluminum Corp.	5,559	341
Louisiana-Pacific Corp.	7,090	363
NewMarket Corp.	2,311	695
O-I Glass, Inc.(a)	33,682	436
Sensient Technologies Corp.	14,656	1,016
Stepan Co.	3,373	316
Sylvamo Corp.	68,202	2,312
Trinseo PLC	37,909	695
Warrior Met Coal, Inc.	555,613	15,802
		25,131
REAL ESTATE 2.6%
Anywhere Real Estate, Inc.(a)	1,431,197	11,607
DigitalBridge Group, Inc.	201,223	2,517
Kennedy-Wilson Holdings, Inc.	20,377	315
New York REIT, Inc.«(a)	4,082	23
		14,462
UTILITIES 4.8%
Avista Corp.	39,337	1,458
Hawaiian Electric Industries, Inc.	60,848	2,109
IDACORP, Inc.	29,283	2,899
NorthWestern Corp.	22,561	1,112
OGE Energy Corp.	322,185	11,747
ONE Gas, Inc.	11,778	829

Schedule of Investments PIMCO RAE US Small Fund(Cont.) September 30, 2022 (Unaudited)

PNM Resources, Inc.	23,877		1,092
Portland General Electric Co.	74,352		3,231
Southwest Gas Holdings, Inc.	20,091		1,401
Spire, Inc.	8,127		507
			26,385
Total United States			472,748
Total Common Stocks (Cost $476,565)			474,730
REAL ESTATE INVESTMENT TRUSTS 12.8%
UNITED STATES 12.8%
FINANCIALS 1.9%
Chimera Investment Corp.	1,468,740		7,667
Ladder Capital Corp. REIT	24,620		220
MFA Financial, Inc.	303,874		2,364
Two Harbors Investment Corp.	41,292		137
			10,388
REAL ESTATE 10.9%
Alexander & Baldwin, Inc.	58,387		968
Apple Hospitality REIT, Inc.	430,317		6,050
Brandywine Realty Trust	65,881		445
DiamondRock Hospitality Co.	243,238		1,827
Empire State Realty Trust, Inc. 'A'	38,695		254
Equity Commonwealth	23,805		580
InvenTrust Properties Corp.	106,999		2,282
Macerich Co.	622,959		4,946
Office Properties Income Trust	116,257		1,633
Outfront Media, Inc.	28,362		431
Paramount Group, Inc.	106,048		661
Pebblebrook Hotel Trust	126,303		1,833
Piedmont Office Realty Trust, Inc. 'A'	83,864		885
Retail Opportunity Investments Corp.	25,749		354
RLJ Lodging Trust	752,858		7,619
Sabra Health Care REIT, Inc.	19,338		254
Service Properties Trust	494,446		2,566
SITE Centers Corp.	184,900		1,980
SL Green Realty Corp.(c)	153,219		6,153
Sunstone Hotel Investors, Inc.	822,470		7,748
Tanger Factory Outlet Centers, Inc.	271,836		3,719
Uniti Group, Inc.	487,909		3,391
Washington REIT	11,433		201
Xenia Hotels & Resorts, Inc.	235,767		3,251
			60,031
Total Real Estate Investment Trusts (Cost $92,935)			70,419
SHORT-TERM INSTRUMENTS 0.8%
REPURCHASE AGREEMENTS (e) 0.8%			4,484
Total Short-Term Instruments (Cost $4,484)			4,484
Total Investments in Securities (Cost $573,984)			549,633
INVESTMENTS IN AFFILIATES 3.9%
SHORT-TERM INSTRUMENTS 3.9%
MUTUAL FUNDS 3.9%
PIMCO Government Money Market Fund 2.920%(b)(c)(d)	21,036,533		21,037
Total Short-Term Instruments (Cost $21,036)			21,037
Total Investments in Affiliates (Cost $21,036)			21,037
Total Investments 103.8% (Cost $595,020)		$	570,670
Other Assets and Liabilities, net (3.8)%			(20,664)
Net Assets 100.0%		$	550,006

Schedule of Investments PIMCO RAE US Small Fund(Cont.) September 30, 2022 (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).
(a)		Security did not produce income within the last twelve months.
(b)		Institutional Class Shares of each Fund.
(c)		Securities with an aggregate market value of $18,624 were out on loan in exchange for $19,000 of cash collateral as of September 30, 2022.
(d)		Coupon represents a 7-Day Yield.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(e)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date	Maturity Date		Principal Amount		Collateralized By						Collateral (Received)				Repurchase Agreements, at Value			Repurchase Agreement Proceeds to be Received(1)
FICC			1.150%	09/30/2022	10/03/2022	$	4,484		U.S. Treasury Inflation Protected Securities 0.125% due 01/15/2023					$		(4,574)		$		4,484	$		4,484
Total Repurchase Agreements														$		(4,574)		$		4,484	$		4,484
(1)		Includes accrued interest.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1			Level 2		Level 3				Fair Value at 09/30/2022
Investments in Securities, at Value
Common Stocks
	United Kingdom
		Financials						$		1,982	$	0	$	0			$			1,982
	United States
		Communication Services								7,477		55		0						7,532
		Consumer Discretionary								93,038		0		0						93,038
		Consumer Staples								32,705		2		0						32,707
		Energy								87,905		0		0						87,905
		Financials								31,313		0		0						31,313
		Health Care								44,962		0		0						44,962
		Industrials								57,361		0		0						57,361
		Information Technology								51,952		0		0						51,952
		Materials								25,131		0		0						25,131
		Real Estate								14,439		0		23						14,462
		Utilities								26,385		0		0						26,385
Real Estate Investment Trusts
	United States
		Financials								10,388		0		0						10,388
		Real Estate								60,031		0		0						60,031
Short-Term Instruments
	Repurchase Agreements									0		4,484		0						4,484
								$		545,069	$	4,541	$	23			$			549,633
Investments in Affiliates, at Value
Short-Term Instruments
	Mutual Funds									21,037		0		0						21,037
Total Investments								$		566,106	$	4,541	$	23			$			570,670
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 99.3% ¤
COMMON STOCKS 96.4%
BRAZIL 4.1%
COMMUNICATION SERVICES 0.1%
Telefonica Brasil SA	6,973	$	52
CONSUMER DISCRETIONARY 0.3%
Vibra Energia SA	60,032		192
CONSUMER STAPLES 0.9%
Ambev SA	117,679		339
BRF SA(b)	9,358		22
JBS SA	49,960		233
Raia Drogasil SA	19,423		82
			676
ENERGY 0.2%
Cosan SA	7,240		23
Ultrapar Participacoes SA	71,388		155
			178
FINANCIALS 0.8%
B3 SA - Brasil Bolsa Balcao	55,802		135
Banco BTG Pactual SA	5,738		26
Banco do Brasil SA	54,877		392
BB Seguridade Participacoes SA	11,497		57
Porto Seguro SA	2,300		9
			619
HEALTH CARE 0.1%
Hypera SA	7,680		63
INDUSTRIALS 0.1%
CCR SA	12,271		28
Rumo SA	5,600		19
WEG SA	6,181		37
			84
MATERIALS 1.2%
Cia Siderurgica Nacional SA	14,477		34
Klabin SA	24,190		81
Suzano SA	7,592		63
Vale SA	56,500		755
			933
UTILITIES 0.4%
Centrais Eletricas Brasileiras SA	10,357		83
Cia de Saneamento Basico do Estado de Sao Paulo	4,855		45
Cia Paranaense de Energia	14,389		86
Engie Brasil Energia SA	2,935		21
Equatorial Energia SA	7,240		36
			271
Total Brazil			3,068
CHILE 0.8%
CONSUMER DISCRETIONARY 0.1%
Falabella SA	33,556		67
CONSUMER STAPLES 0.2%
Cencosud SA	49,093		62

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

Cia Cervecerias Unidas SA	9,314	51
		113
ENERGY 0.1%
Empresas COPEC SA	5,540	35
FINANCIALS 0.2%
Banco de Chile	1,225,926	108
Banco de Credito e Inversiones SA	1,098	28
Banco Santander Chile	624,457	22
		158
MATERIALS 0.0%
Empresas CMPC SA	16,035	24
UTILITIES 0.2%
Aguas Andinas SA 'A'	166,504	32
Colbun SA	352,323	31
Enel Americas SA	1,032,536	109
Enel Chile SA	458,825	13
		185
Total Chile		582
CHINA 18.2%
COMMUNICATION SERVICES 0.8%
Baidu, Inc. SP - ADR(b)	2,219	261
China Tower Corp. Ltd. 'H'	430,000	46
China United Network Communications Ltd. 'A'(b)	51,500	24
NetEase, Inc. ADR	3,364	254
		585
CONSUMER DISCRETIONARY 2.7%
ANTA Sports Products Ltd.	5,600	59
BAIC Motor Corp. Ltd. 'H'	107,000	23
BYD Co. Ltd. 'H'	10,000	246
Chongqing Changan Automobile Co. Ltd. 'A'	7,500	13
Dongfeng Motor Group Co. Ltd. 'H'	76,000	41
Fuyao Glass Industry Group Co. Ltd.	10,400	42
Great Wall Motor Co. Ltd. 'H'	66,500	76
Guangzhou Automobile Group Co. Ltd. 'H'	38,000	27
Huayu Automotive Systems Co. Ltd. 'A'	5,400	13
JD.com, Inc. ADR	8,163	411
Meituan 'B'(b)	36,800	773
SAIC Motor Corp. Ltd. 'A'	19,900	40
Shenzhou International Group Holdings Ltd.	6,200	48
Trip.com Group Ltd. ADR(b)	3,844	105
Vipshop Holdings Ltd. ADR(b)	3,508	29
Wuchan Zhongda Group Co. Ltd. 'A'	23,200	13
Yum China Holdings, Inc.	1,200	57
Zhongsheng Group Holdings Ltd.	5,000	20
		2,036
CONSUMER STAPLES 1.4%
Dali Foods Group Co. Ltd.	54,000	23
Foshan Haitian Flavouring & Food Co. Ltd. 'A'	1,600	19
Hengan International Group Co. Ltd.	24,500	109
Inner Mongolia Yili Industrial Group Co. Ltd. 'A'	13,400	62
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. 'A'	1,300	29
Kweichow Moutai Co. Ltd. 'A'	800	210
Luzhou Laojiao Co. Ltd. 'A'	1,400	45
Muyuan Foods Co. Ltd. 'A'	4,300	33
Nongfu Spring Co. Ltd.	19,200	111
Tingyi Cayman Islands Holding Corp.	84,000	145
Tsingtao Brewery Co. Ltd. 'H'	4,000	38
Uni-President China Holdings Ltd.	39,000	33
Want Want China Holdings Ltd.	99,000	65
Wens Foodstuffs Group Co. Ltd. 'A'	23,900	69
Wuliangye Yibin Co. Ltd. 'A'	2,800	67
		1,058
ENERGY 2.9%
China Coal Energy Co. Ltd. 'H'	13,000	12
China Oilfield Services Ltd. 'H'	16,000	16
China Petroleum & Chemical Corp. 'H'	1,840,000	786

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

China Shenhua Energy Co. Ltd. 'H'	193,000	574
PetroChina Co. Ltd. 'H'	1,112,000	454
Shaanxi Coal Industry Co. Ltd. 'A'	5,600	18
Yankuang Energy Group Co. Ltd. 'H'	98,000	354
		2,214
FINANCIALS 5.4%
Agricultural Bank of China Ltd. 'H'	1,232,000	369
Bank of Beijing Co. Ltd. 'A'	117,700	68
Bank of China Ltd. 'H'	3,507,000	1,145
Bank of Communications Co. Ltd. 'H'	532,000	281
Bank of Jiangsu Co. Ltd. 'A'	86,100	90
Bank of Nanjing Co. Ltd. 'A'	41,500	62
Bank of Ningbo Co. Ltd. 'A'	6,300	28
China Cinda Asset Management Co. Ltd. 'H'	325,000	36
China CITIC Bank Corp. Ltd. 'H'	429,000	170
China Construction Bank Corp. 'H'	729,000	421
China Everbright Bank Co. Ltd. 'H'	125,000	34
China Galaxy Securities Co. Ltd. 'H'	54,000	25
China Life Insurance Co. Ltd. 'H'	30,000	38
China Minsheng Banking Corp. Ltd. 'H'	28,500	8
China Zheshang Bank Co. Ltd. 'H'	80,000	33
GF Securities Co. Ltd. 'H'	17,634	19
Guotai Junan Securities Co. Ltd. 'H'	23,000	24
Huatai Securities Co. Ltd. 'H'	20,000	22
Huaxia Bank Co. Ltd. 'A'	31,600	22
Industrial & Commercial Bank of China Ltd. 'H'	609,000	286
Industrial Bank Co. Ltd. 'A'	97,500	228
People's Insurance Co. Group of China Ltd. 'H'	119,000	35
PICC Property & Casualty Co. Ltd. 'H'	62,000	64
Ping An Insurance Group Co. of China Ltd. 'H'	57,500	287
Postal Savings Bank of China Co. Ltd. 'H'	485,000	285
Shanghai Pudong Development Bank Co. Ltd. 'A'	9,500	9
		4,089
HEALTH CARE 0.5%
China Resources Pharmaceutical Group Ltd.	103,500	71
CSPC Pharmaceutical Group Ltd.	91,680	91
Jiangsu Hengrui Medicine Co. Ltd. 'A'	5,900	29
Shanghai Pharmaceuticals Holding Co. Ltd. 'H'	27,600	38
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. 'A'	900	38
Sinopharm Group Co. Ltd. 'H'	50,400	100
		367
INDUSTRIALS 2.1%
Air China Ltd. 'H'	60,000	46
Beijing Capital International Airport Co. Ltd. 'H'(b)	70,000	38
China Communications Services Corp. Ltd. 'H'	60,000	20
China Energy Engineering Corp. Ltd. 'H'	310,000	32
China National Chemical Engineering Co. Ltd. 'A'	12,000	13
China Railway Group Ltd. 'H'	583,000	286
China State Construction Engineering Corp. Ltd. 'A'	180,400	131
CITIC Ltd.	156,000	147
Daqin Railway Co. Ltd. 'A'	26,400	25
Guangshen Railway Co. Ltd. 'H'	120,000	16
Jiangsu Expressway Co. Ltd. 'H'	54,000	41
Jiangsu Zhongtian Technology Co. Ltd. 'A'	9,900	31
Metallurgical Corp. of China Ltd.	174,000	28
NARI Technology Co. Ltd. 'A'	3,700	13
Power Construction Corp. of China Ltd. 'A'	53,900	53
Shanghai Construction Group Co. Ltd. 'A'	39,900	14
Shanghai International Airport Co. Ltd. 'A'	2,400	19
Sinopec Engineering Group Co. Ltd. 'H'	61,500	25
Sinotrans Ltd. 'H'	151,000	38
TBEA Co. Ltd. 'A'	18,000	55
Weichai Power Co. Ltd. 'H'	44,000	42
Xiamen C & D, Inc. 'A'	10,300	20
Xiamen ITG Group Corp. Ltd. 'A'	23,600	21
Yangzijiang Shipbuilding Holdings Ltd.	348,600	249
Zhejiang Expressway Co. Ltd. 'H'	40,000	27
Zhuzhou CRRC Times Electric Co. Ltd.	11,500	48
ZTO Express Cayman, Inc. ADR	3,312	80
		1,558
INFORMATION TECHNOLOGY 0.3%
Lenovo Group Ltd.	244,000	169

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

Luxshare Precision Industry Co. Ltd. 'A'	5,600	23
		192
MATERIALS 0.8%
Angang Steel Co. Ltd. 'H'	92,000	23
Anhui Conch Cement Co. Ltd. 'H'	31,500	100
Baoshan Iron & Steel Co. Ltd. 'A'	20,200	15
China National Building Material Co. Ltd. 'H'	306,000	233
China Zhongwang Holdings Ltd.«(b)	338,800	0
Hesteel Co. Ltd. 'A'	83,300	26
Jiangxi Copper Co. Ltd. 'H'	75,000	87
Shandong Gold Mining Co. Ltd.	24,250	39
Sinopec Shanghai Petrochemical Co. Ltd. 'H'	162,000	21
Tongling Nonferrous Metals Group Co. Ltd. 'A'	53,100	19
Wanhua Chemical Group Co. Ltd. 'A'	1,200	15
		578
REAL ESTATE 0.4%
China Evergrande Group«(b)	121,000	13
China Vanke Co. Ltd. 'H'	20,200	36
Greentown China Holdings Ltd.	24,500	46
KE Holdings, Inc. ADR(b)	10,078	176
Poly Developments & Holdings Group Co. Ltd. 'A'	16,100	41
		312
UTILITIES 0.9%
Beijing Jingneng Clean Energy Co. Ltd. 'H'	138,000	26
CGN Power Co. Ltd. 'H'	172,000	37
China Yangtze Power Co. Ltd. 'A'	18,100	58
Datang International Power Generation Co. Ltd. 'H'	350,000	67
ENN Energy Holdings Ltd.	15,600	208
GD Power Development Co. Ltd. 'A'	42,700	24
Huadian Power International Corp. Ltd. 'H'	342,000	125
Huaneng Power International, Inc. 'H'	396,000	172
		717
Total China		13,706
GREECE 0.6%
COMMUNICATION SERVICES 0.1%
Hellenic Telecommunications Organization SA	5,594	81
CONSUMER DISCRETIONARY 0.1%
OPAP SA	5,312	64
ENERGY 0.0%
Motor Oil Hellas Corinth Refineries SA	1,561	24
FINANCIALS 0.4%
Alpha Services & Holdings SA(b)	106,475	84
Eurobank Ergasias Services & Holdings SA(b)	77,762	65
National Bank of Greece SA(b)	35,750	105
		254
UTILITIES 0.0%
Public Power Corp. SA(b)	3,357	17
Total Greece		440
HONG KONG 3.0%
CONSUMER STAPLES 0.1%
China Resources Beer Holdings Co. Ltd.	14,000	97
FINANCIALS 0.7%
BOC Hong Kong Holdings Ltd.	145,500	484
Far East Horizon Ltd.	34,000	23
		507
INDUSTRIALS 0.3%
China Merchants Port Holdings Co. Ltd.	10,000	13
China State Construction International Holdings Ltd.	18,000	18
COSCO SHIPPING Ports Ltd.	72,000	45

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

Orient Overseas International Ltd.	5,000	87
Shanghai Industrial Holdings Ltd.	20,000	22
		185
REAL ESTATE 0.9%
China Overseas Land & Investment Ltd.	205,500	535
China Resources Land Ltd.	22,000	86
Yuexiu Property Co. Ltd.	27,400	33
		654
UTILITIES 1.0%
Beijing Enterprises Holdings Ltd.	11,000	31
China Power International Development Ltd.	515,000	204
China Resources Gas Group Ltd.	29,100	92
China Resources Power Holdings Co. Ltd.	192,000	296
Guangdong Investment Ltd.	72,000	58
Kunlun Energy Co. Ltd.	142,000	102
		783
Total Hong Kong		2,226
INDIA 16.4%
COMMUNICATION SERVICES 0.7%
Bharti Airtel Ltd.	51,892	508
Indus Towers Ltd.	13,594	33
Zee Entertainment Enterprises Ltd.	2,373	7
		548
CONSUMER DISCRETIONARY 1.5%
Bajaj Auto Ltd.	2,505	108
Eicher Motors Ltd.	1,225	55
Hero MotoCorp Ltd.	4,142	129
Mahindra & Mahindra Ltd.	9,666	149
Maruti Suzuki India Ltd.	1,073	116
MRF Ltd.	29	29
Rajesh Exports Ltd.	4,757	34
Tata Motors Ltd.(b)	74,311	366
Titan Co. Ltd.	4,276	136
TVS Motor Co. Ltd.	1,469	18
		1,140
CONSUMER STAPLES 1.8%
Avenue Supermarts Ltd.(b)	1,734	93
Dabur India Ltd.	2,483	17
Godrej Consumer Products Ltd.	4,107	46
Hindustan Unilever Ltd.	5,474	181
ITC Ltd.	211,586	860
Marico Ltd.	5,952	39
Nestle India Ltd.	346	81
		1,317
ENERGY 2.4%
Bharat Petroleum Corp. Ltd.	26,225	98
Coal India Ltd.	138,765	360
Hindustan Petroleum Corp. Ltd.	46,020	121
Indian Oil Corp. Ltd.	212,104	173
Mangalore Refinery & Petrochemicals Ltd.(b)	29,177	21
Oil & Natural Gas Corp. Ltd.	136,312	211
Oil India Ltd.	13,077	28
Petronet LNG Ltd.	17,834	44
Reliance Industries Ltd.	26,457	768
		1,824
FINANCIALS 2.1%
Bajaj Finserv Ltd.	1,800	37
Bajaj Holdings & Investment Ltd.	506	39
Bandhan Bank Ltd.(b)	6,473	21
Bank of Baroda	25,187	41
Cholamandalam Investment and Finance Co. Ltd.	4,252	38
Federal Bank Ltd.	33,656	49
HDFC Bank Ltd.	8,838	153
ICICI Bank Ltd.	54,598	573
IDFC Ltd.	52,665	43
Indiabulls Housing Finance Ltd. 'L'(b)	32,220	46
IndusInd Bank Ltd.	3,663	53

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

Kotak Mahindra Bank Ltd.	10,711	238
Power Finance Corp. Ltd.	31,191	40
SBI Life Insurance Co. Ltd.	3,994	61
State Bank of India	26,355	171
		1,603
HEALTH CARE 0.9%
Alkem Laboratories Ltd.	890	36
Aurobindo Pharma Ltd.	3,386	21
Cipla Ltd.	8,783	120
Divi's Laboratories Ltd.	286	13
Dr Reddy's Laboratories Ltd.	2,487	131
Lupin Ltd.	3,568	30
Sun Pharmaceutical Industries Ltd.	24,828	288
		639
INDUSTRIALS 0.8%
Adani Enterprises Ltd.	9,179	387
Ashok Leyland Ltd.	11,012	20
Bharat Electronics Ltd.	38,163	47
Cummins India Ltd.	520	8
Larsen & Toubro Ltd.	6,650	150
Siemens Ltd.	669	23
		635
INFORMATION TECHNOLOGY 4.2%
HCL Technologies Ltd.	30,260	344
Infosys Ltd.	93,139	1,597
Mindtree Ltd.	874	33
Mphasis Ltd.	1,173	30
Redington Ltd.	29,254	50
Tata Consultancy Services Ltd.	17,478	640
Tech Mahindra Ltd.	20,297	249
Wipro Ltd.	51,983	249
		3,192
MATERIALS 0.9%
Ambuja Cements Ltd.	8,107	51
Asian Paints Ltd.	2,587	106
Jindal Steel & Power Ltd.	22,049	115
National Aluminium Co. Ltd.	87,691	76
NMDC Ltd.	1,800	3
Pidilite Industries Ltd.	1,291	43
SRF Ltd.	1,177	36
Steel Authority of India Ltd.	11,976	11
Tata Chemicals Ltd.	767	10
Tata Steel Ltd.	20,839	25
UPL Ltd.	5,777	47
Vedanta Ltd.	36,210	119
		642
REAL ESTATE 0.0%
DLF Ltd.	7,926	34
UTILITIES 1.1%
Adani Power Ltd.(b)	14,133	64
GAIL India Ltd.	30,822	33
Jaiprakash Power Ventures Ltd.(b)	401,452	36
NTPC Ltd.	202,524	396
Power Grid Corp. of India Ltd.	83,642	217
Reliance Infrastructure Ltd.(b)	8,052	13
Reliance Power Ltd.(b)	35,892	7
Tata Power Co. Ltd.	11,947	32
		798
Total India		12,372
INDONESIA 2.9%
COMMUNICATION SERVICES 0.5%
Telkom Indonesia Persero Tbk PT	1,383,200	403
CONSUMER DISCRETIONARY 0.2%
Astra International Tbk PT	478,000	207

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

CONSUMER STAPLES 0.2%
Charoen Pokphand Indonesia Tbk PT	43,300	16
Gudang Garam Tbk PT	6,700	10
Indofood CBP Sukses Makmur Tbk PT	52,100	30
Indofood Sukses Makmur Tbk PT	24,800	10
Sumber Alfaria Trijaya Tbk PT	319,300	50
Unilever Indonesia Tbk PT	119,000	38
		154
ENERGY 0.7%
Adaro Energy Indonesia Tbk PT	802,700	207
Bukit Asam Tbk PT	158,400	43
Indo Tambangraya Megah Tbk PT	61,900	167
United Tractors Tbk PT	46,400	100
		517
FINANCIALS 1.0%
Bank Central Asia Tbk PT	840,300	469
Bank Mandiri Persero Tbk PT	126,400	78
Bank Negara Indonesia Persero Tbk PT	69,800	41
Bank Rakyat Indonesia Persero Tbk PT	562,400	164
		752
HEALTH CARE 0.1%
Kalbe Farma Tbk PT	357,600	43
MATERIALS 0.1%
Indah Kiat Pulp & Paper Tbk PT	54,100	32
Indocement Tunggal Prakarsa Tbk PT	40,600	25
		57
UTILITIES 0.1%
Perusahaan Gas Negara Tbk PT	455,000	52
Total Indonesia		2,185
MALAYSIA 1.8%
COMMUNICATION SERVICES 0.2%
Axiata Group Bhd	40,500	23
DiGi.Com Bhd	24,000	17
Maxis Bhd	44,400	33
Telekom Malaysia Bhd	40,500	48
		121
CONSUMER DISCRETIONARY 0.1%
Genting Bhd	42,300	41
Genting Malaysia Bhd	88,800	53
		94
CONSUMER STAPLES 0.2%
IOI Corp. Bhd.	25,500	21
Kuala Lumpur Kepong Bhd	4,700	21
PPB Group Bhd	8,600	30
Sime Darby Plantation Bhd	66,600	58
		130
ENERGY 0.0%
Petronas Dagangan Bhd.	7,900	34
FINANCIALS 0.9%
Alliance Bank Malaysia Bhd.	49,600	38
AMMB Holdings Bhd	31,500	26
CIMB Group Holdings Bhd	113,100	125
Hong Leong Bank Bhd	15,800	70
Malayan Banking Bhd	81,200	150
Public Bank Bhd	210,000	191
RHB Bank Bhd	46,000	55
		655
INDUSTRIALS 0.1%
CAPITAL A BHD(b)	193,400	26

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

Malaysia Airports Holdings Bhd(b)	23,800	29
MISC Bhd	18,000	26
Sime Darby Bhd	55,600	26
		107
MATERIALS 0.2%
Petronas Chemicals Group Bhd	64,500	116
UTILITIES 0.1%
Petronas Gas Bhd	6,900	24
Tenaga Nasional Bhd	32,700	57
		81
Total Malaysia		1,338
MEXICO 3.1%
COMMUNICATION SERVICES 1.1%
America Movil SAB de CV	969,864	801
Grupo Televisa SAB	9,063	10
Megacable Holdings SAB de CV	12,334	25
		836
CONSUMER STAPLES 1.4%
Arca Continental SAB de CV	13,594	98
Coca-Cola Femsa SAB de CV	23,412	137
Gruma SAB de CV	9,304	89
Grupo Bimbo SAB de CV	11,564	41
Kimberly-Clark de Mexico SAB de CV	65,618	88
Sitios Latinoamerica SAB de CV(b)	48,493	21
Wal-Mart de Mexico SAB de CV	170,260	599
		1,073
FINANCIALS 0.1%
Grupo Elektra SAB de CV	531	27
Grupo Financiero Inbursa SAB de CV(b)	22,688	36
		63
INDUSTRIALS 0.1%
Alfa SAB de CV	87,925	56
Grupo Aeroportuario del Pacifico SAB de CV	4,915	62
		118
MATERIALS 0.4%
Alpek SAB de CV	15,565	20
Grupo Mexico SAB de CV	60,790	206
Orbia Advance Corp. SAB de CV	25,956	43
		269
Total Mexico		2,359
PHILIPPINES 0.4%
COMMUNICATION SERVICES 0.1%
Globe Telecom, Inc.	505	17
PLDT, Inc.	1,750	45
		62
CONSUMER STAPLES 0.0%
Universal Robina Corp.	16,450	32
FINANCIALS 0.1%
Bank of the Philippine Islands	15,681	24
BDO Unibank, Inc.	12,810	24
Metro Pacific Investments Corp.	485,000	28
Metropolitan Bank & Trust Co.	36,552	30
		106
INDUSTRIALS 0.1%
Ayala Corp.	1,760	19

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

International Container Terminal Services, Inc.	19,160	51
		70
REAL ESTATE 0.0%
SM Prime Holdings, Inc.	56,700	29
UTILITIES 0.1%
ACEN Corp.	3,420	0
Manila Electric Co.	7,790	35
		35
Total Philippines		334
POLAND 0.6%
COMMUNICATION SERVICES 0.0%
Cyfrowy Polsat SA	2,793	9
Orange Polska SA	24,060	25
		34
ENERGY 0.3%
Polski Koncern Naftowy ORLEN SA	16,479	177
Polskie Gornictwo Naftowe i Gazownictwo SA	36,058	35
		212
FINANCIALS 0.1%
Powszechny Zaklad Ubezpieczen SA	17,097	80
MATERIALS 0.1%
Grupa Azoty SA(b)	4,952	33
Jastrzebska Spolka Weglowa SA(b)	2,535	17
KGHM Polska Miedz SA	1,751	31
		81
UTILITIES 0.1%
PGE Polska Grupa Energetyczna SA(b)	22,491	28
Tauron Polska Energia SA(b)	61,464	25
		53
Total Poland		460
RUSSIA 0.0%
CONSUMER STAPLES 0.0%
Magnit PJSC«	2,673	0
ENERGY 0.0%
Gazprom Neft PJSC«	13,620	0
Gazprom PJSC«	635,130	0
LUKOIL PJSC«	15,703	0
Novatek PJSC«	21,924	0
Rosneft Oil Co. PJSC«	66,050	0
Surgutneftegas PJSC«	701,700	0
Tatneft PJSC«	19,086	0
		0
FINANCIALS 0.0%
Sberbank of Russia PJSC«	117,340	0
VTB Bank PJSC«(b)	598,992,500	1
		1
MATERIALS 0.0%
Magnitogorsk Iron & Steel Works PJSC«	160,600	0
MMC Norilsk Nickel PJSC«	1,269	0
Novolipetsk Steel PJSC«	88,470	0
Severstal PAO^«(a)	17,344	0
		0
UTILITIES 0.0%
Inter RAO UES PJSC«	1,587,500	0

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

Rosseti PJSC«	3,309,000	0
		0
Total Russia		1
SAUDI ARABIA 4.2%
COMMUNICATION SERVICES 0.6%
Etihad Etisalat Co.	3,633	34
Saudi Telecom Co.	35,907	376
		410
CONSUMER DISCRETIONARY 0.1%
Jarir Marketing Co.	1,234	55
CONSUMER STAPLES 0.1%
Almarai Co. JSC	3,853	55
ENERGY 0.8%
Saudi Arabian Oil Co.	61,494	587
FINANCIALS 1.5%
Al Rajhi Bank(b)	26,701	578
Alinma Bank	5,190	50
Arab National Bank	2,200	18
Bank Al-Jazira	5,763	35
Bank AlBilad(b)	2,624	33
Banque Saudi Fransi	2,917	33
Bupa Arabia for Cooperative Insurance Co.	911	41
Riyad Bank	3,700	31
Saudi British Bank	6,192	64
Saudi Investment Bank	5,502	25
Saudi National Bank	13,526	227
		1,135
HEALTH CARE 0.0%
Dr Sulaiman Al Habib Medical Services Group Co.	317	17
MATERIALS 1.1%
Advanced Petrochemical Co.	1,535	18
SABIC Agri-Nutrients Co.	4,581	193
Sahara International Petrochemical Co.	1,699	19
Saudi Arabian Mining Co.(b)	6,653	123
Saudi Basic Industries Corp.	17,205	407
Saudi Industrial Investment Group	8,587	52
Yanbu National Petrochemical Co.	3,160	39
		851
REAL ESTATE 0.0%
Dar Al Arkan Real Estate Development Co.(b)	4,048	17
UTILITIES 0.0%
ACWA Power Co.	620	28
Total Saudi Arabia		3,155
SINGAPORE 0.1%
INDUSTRIALS 0.1%
BOC Aviation Ltd.	5,800	41
Total Singapore		41
SOUTH AFRICA 4.3%
COMMUNICATION SERVICES 0.7%
MTN Group Ltd.	60,534	400
MultiChoice Group	9,205	59
Telkom SA SOC Ltd.(b)	21,841	56
Vodacom Group Ltd.	5,263	35
		550
CONSUMER DISCRETIONARY 0.6%
Foschini Group Ltd.	3,287	21

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

Motus Holdings Ltd.	6,787	43
Mr Price Group Ltd.	5,197	49
Naspers Ltd. 'N'	1,780	221
Truworths International Ltd.	14,454	40
Woolworths Holdings Ltd.	26,089	88
		462
CONSUMER STAPLES 0.5%
AVI Ltd.	6,925	28
Bid Corp. Ltd.	6,945	107
Pick n Pay Stores Ltd.	9,854	30
Shoprite Holdings Ltd.	17,594	210
SPAR Group Ltd.	4,690	37
		412
ENERGY 0.2%
Exxaro Resources Ltd.	10,586	118
FINANCIALS 0.8%
Absa Group Ltd.	9,971	97
Capitec Bank Holdings Ltd.	577	49
Discovery Ltd.(b)	3,540	20
FirstRand Ltd.	49,629	166
Nedbank Group Ltd.	3,409	38
Remgro Ltd.	5,690	42
Sanlam Ltd.	9,380	26
Standard Bank Group Ltd.	20,909	165
		603
HEALTH CARE 0.1%
Life Healthcare Group Holdings Ltd.	22,198	21
Netcare Ltd.	26,970	21
		42
INDUSTRIALS 0.1%
Barloworld Ltd.	4,351	22
Bidvest Group Ltd.	1,953	21
		43
MATERIALS 1.3%
Anglo American Platinum Ltd.	548	39
AngloGold Ashanti Ltd.	13,750	188
Gold Fields Ltd.	23,042	186
Impala Platinum Holdings Ltd.	6,187	57
Kumba Iron Ore Ltd.	1,965	42
Sappi Ltd.(b)	20,095	48
Sasol Ltd.	28,530	446
		1,006
Total South Africa		3,236
SOUTH KOREA 12.1%
COMMUNICATION SERVICES 1.4%
KT Corp.	16,651	419
LG Uplus Corp.	14,457	108
NAVER Corp.	1,173	156
NCSoft Corp.	183	44
SK Telecom Co. Ltd.	9,266	327
		1,054
CONSUMER DISCRETIONARY 3.5%
Coway Co. Ltd.	1,727	65
Hankook Tire & Technology Co. Ltd.	4,116	101
Hanon Systems	4,350	25
Hyundai Department Store Co. Ltd.	709	27
Hyundai Mobis Co. Ltd.	2,453	324
Hyundai Motor Co.	7,108	867
Hyundai Wia Corp.	372	15
Kangwon Land, Inc.(b)	5,881	96
Kia Corp.	15,821	787
LG Electronics, Inc.	3,945	214
Lotte Shopping Co. Ltd.	954	57

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

Shinsegae, Inc.	128	21
		2,599
CONSUMER STAPLES 0.6%
Amorepacific Corp.	323	23
Amorepacific Group	889	16
CJ CheilJedang Corp.	276	79
E-MART, Inc.	1,380	80
GS Retail Co. Ltd.	780	14
KT&G Corp.	3,152	190
LG H&H Co. Ltd.	150	66
		468
ENERGY 0.5%
HD Hyundai Co. Ltd.	2,678	101
SK Innovation Co. Ltd.(b)	2,616	259
		360
FINANCIALS 1.9%
BNK Financial Group, Inc.	15,320	64
DB Insurance Co. Ltd.	2,137	82
DGB Financial Group, Inc.	8,760	43
Hana Financial Group, Inc.	2,339	57
Hanwha Life Insurance Co. Ltd.	12,319	18
Hyundai Marine & Fire Insurance Co. Ltd.	5,753	117
Industrial Bank of Korea	17,559	116
KB Financial Group, Inc.	1,900	57
Meritz Financial Group, Inc.	2,561	37
Meritz Fire & Marine Insurance Co. Ltd.	3,286	67
Samsung Card Co. Ltd.	612	13
Samsung Fire & Marine Insurance Co. Ltd.	1,220	156
Samsung Life Insurance Co. Ltd.	2,880	125
Shinhan Financial Group Co. Ltd.	17,352	403
Woori Financial Group, Inc.	8,124	60
		1,415
INDUSTRIALS 1.4%
CJ Corp.	429	21
Doosan Co. Ltd.	578	32
Doosan Enerbility Co. Ltd.(b)	10,641	105
GS Engineering & Construction Corp.	538	8
GS Holdings Corp.	2,509	73
Hanwha Aerospace Co. Ltd.	205	9
Hanwha Corp.	2,566	43
Hyundai Engineering & Construction Co. Ltd.	2,714	70
Hyundai Glovis Co. Ltd.	1,346	152
Korea Shipbuilding & Offshore Engineering Co. Ltd.(b)	236	12
Korean Air Lines Co. Ltd.(b)	2,763	42
LG Corp.	2,567	132
LG International Corp.	2,623	71
LS Corp.	851	33
Posco International Corp.	4,470	65
SK Networks Co. Ltd.	5,447	15
SK, Inc.	1,434	190
		1,073
INFORMATION TECHNOLOGY 1.0%
LG Display Co. Ltd.	20,317	168
LG Innotek Co. Ltd.	45	9
Samsung Electro-Mechanics Co. Ltd.	795	61
SK Hynix, Inc.	8,711	498
		736
MATERIALS 1.4%
Dongkuk Steel Mill Co. Ltd.	7,433	55
Hanwha Solutions Corp.(b)	413	14
Hyundai Steel Co.	5,894	115
Kolon Industries, Inc.	515	15
Korea Zinc Co. Ltd.	483	200
LG Chem Ltd.	356	131
POSCO Holdings, Inc.	3,849	561
		1,091
UTILITIES 0.4%
Korea Electric Power Corp.	18,308	255

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

Korea Gas Corp.	3,719	87
		342
Total South Korea		9,138
TAIWAN 15.4%
COMMUNICATION SERVICES 0.9%
Chunghwa Telecom Co. Ltd.	109,000	390
Far EasTone Telecommunications Co. Ltd.	83,000	189
Taiwan Mobile Co. Ltd.	41,000	123
		702
CONSUMER DISCRETIONARY 0.5%
Cheng Shin Rubber Industry Co. Ltd.	40,000	45
China Motor Corp.	10,000	13
Eclat Textile Co. Ltd.	3,000	37
Feng TAY Enterprise Co. Ltd.	5,000	25
Giant Manufacturing Co. Ltd.	2,000	13
Hotai Motor Co. Ltd.	3,000	54
Kinpo Electronics	56,000	23
Nien Made Enterprise Co. Ltd.	2,000	16
Pou Chen Corp.	79,000	70
Ruentex Industries Ltd.	20,800	33
Yulon Motor Co. Ltd.	44,509	57
		386
CONSUMER STAPLES 0.4%
Great Wall Enterprise Co. Ltd.	22,008	31
President Chain Store Corp.	15,000	133
Uni-President Enterprises Corp.	79,000	167
		331
ENERGY 0.1%
Formosa Petrochemical Corp.	26,000	68
FINANCIALS 3.9%
Cathay Financial Holding Co. Ltd.	259,000	325
Chang Hwa Commercial Bank Ltd.	161,600	87
China Development Financial Holding Corp.	531,096	200
CTBC Financial Holding Co. Ltd.	624,000	388
E.Sun Financial Holding Co. Ltd.	316,348	256
First Financial Holding Co. Ltd.	214,699	175
Fubon Financial Holding Co. Ltd.	232,437	363
Hua Nan Financial Holdings Co. Ltd. 'C'	186,503	130
Mega Financial Holding Co. Ltd.	307,500	301
Shanghai Commercial & Savings Bank Ltd.	37,000	57
Shin Kong Financial Holding Co. Ltd.	199,307	51
SinoPac Financial Holdings Co. Ltd.	233,843	127
Taichung Commercial Bank Co. Ltd.	73,800	31
Taishin Financial Holding Co. Ltd.	362,656	156
Taiwan Business Bank	144,143	57
Taiwan Cooperative Financial Holding Co. Ltd.	220,996	182
Yuanta Financial Holding Co. Ltd.	3,420	2
		2,888
INDUSTRIALS 1.0%
China Airlines Ltd.	180,000	111
CTCI Corp.	22,000	31
Eva Airways Corp.	140,400	124
Evergreen Marine Corp. Taiwan Ltd.	10,000	46
Far Eastern New Century Corp.	85,000	86
Taiwan High Speed Rail Corp.	27,000	24
Teco Electric & Machinery Co. Ltd.	42,000	37
Walsin Lihwa Corp.	215,000	272
Wan Hai Lines Ltd.	9,950	21
		752
INFORMATION TECHNOLOGY 6.5%
Accton Technology Corp.	6,000	51
Acer, Inc.	139,000	96
Advantech Co. Ltd.	7,291	67
Asustek Computer, Inc.	31,000	227
AUO Corp.	432,000	198
Catcher Technology Co. Ltd.	19,000	103
Chicony Electronics Co. Ltd.	29,000	75
Compal Electronics, Inc.	215,000	146

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

Delta Electronics, Inc.	27,000	214
Foxconn Technology Co. Ltd.	19,000	27
Hon Hai Precision Industry Co. Ltd.	108,600	348
HTC Corp.(b)	11,000	19
Innolux Corp.	911,000	297
Inventec Corp.	107,000	77
Largan Precision Co. Ltd.	1,290	68
Lite-On Technology Corp.	64,000	128
MediaTek, Inc.	22,000	380
Micro-Star International Co. Ltd.	27,000	91
Mitac Holdings Corp.	48,000	41
Nanya Technology Corp.	10,000	15
Novatek Microelectronics Corp.	15,000	103
Pegatron Corp.	69,000	127
Powertech Technology, Inc.	44,000	107
Quanta Computer, Inc.	91,000	220
Radiant Opto-Electronics Corp.	6,000	19
Realtek Semiconductor Corp.	3,000	25
Silicon Motion Technology Corp. ADR	188	12
Supreme Electronics Co. Ltd.	61,593	66
Synnex Technology International Corp.	46,000	76
Taiwan Semiconductor Manufacturing Co. Ltd.	73,000	968
TPK Holding Co. Ltd.	13,000	13
Transcend Information, Inc.	6,000	12
Tripod Technology Corp.	10,000	29
Unimicron Technology Corp.	5,000	18
United Microelectronics Corp.	132,000	148
Wistron Corp.	147,347	123
Wiwynn Corp.	1,000	25
WPG Holdings Ltd.	55,560	81
WT Microelectronics Co. Ltd.	25,000	46
Zhen Ding Technology Holding Ltd.	9,000	30
		4,916
MATERIALS 1.9%
Asia Cement Corp.	77,000	95
Cheng Loong Corp.	31,000	26
China Steel Corp.	399,000	335
Eternal Materials Co. Ltd.	34,000	32
Formosa Chemicals & Fibre Corp.	56,000	121
Formosa Plastics Corp.	111,000	302
Nan Ya Plastics Corp.	100,000	210
Taiwan Cement Corp.	218,553	233
Taiwan Fertilizer Co. Ltd.	12,000	21
Tung Ho Steel Enterprise Corp.	18,020	28
YFY, Inc.	36,000	27
		1,430
REAL ESTATE 0.2%
Farglory Land Development Co. Ltd.	11,000	20
Highwealth Construction Corp.	42,906	53
Ruentex Development Co. Ltd.	28,800	46
		119
Total Taiwan		11,592
THAILAND 5.8%
COMMUNICATION SERVICES 0.6%
Advanced Info Service PCL	45,400	234
Digital Telecommunications Infrastructure Fund	174,300	62
Intouch Holdings PCL	29,600	57
Jasmine International PCL(b)	349,400	24
Total Access Communication PCL	41,600	50
		427
CONSUMER DISCRETIONARY 0.1%
Central Retail Corp. PCL	34,200	36
Home Product Center PCL	74,000	26
		62
CONSUMER STAPLES 0.8%
Berli Jucker PCL	20,900	18
Charoen Pokphand Foods PCL	183,900	122
CP ALL PCL	169,700	252
Thai Beverage PCL	215,100	89

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

Thai Union Group PCL 'F'	244,000	121
		602
ENERGY 1.2%
Bangchak Corp. PCL	96,900	76
Esso Thailand PCL	111,700	38
IRPC PCL	918,300	75
PTT Exploration & Production PCL	21,600	92
PTT PCL	534,500	481
Star Petroleum Refining PCL	225,600	63
Thai Oil PCL	37,500	51
		876
FINANCIALS 1.1%
Bangkok Bank PCL	77,200	278
Kasikornbank PCL	36,200	138
Krung Thai Bank PCL	439,500	194
SCB PCL	20,500	56
Thanachart Capital PCL	87,000	89
Tisco Financial Group PCL	22,800	56
TMBThanachart Bank PCL	1,135,300	36
		847
HEALTH CARE 0.4%
Bangkok Dusit Medical Services PCL 'F'	274,600	214
Bumrungrad Hospital PCL	16,600	100
		314
INDUSTRIALS 0.4%
Airports of Thailand PCL(b)	73,000	140
Delta Electronics Thailand PCL	7,200	124
Jasmine Broadband Internet Infrastructure Fund	252,000	54
		318
MATERIALS 0.8%
PTT Global Chemical PCL	93,200	102
Siam Cement PCL	51,900	448
		550
REAL ESTATE 0.3%
Central Pattana PCL	30,300	52
Land & Houses PCL	574,700	135
Sansiri PCL	529,000	16
Supalai PCL	59,600	30
		233
UTILITIES 0.1%
Electricity Generating PCL	8,000	35
Gulf Energy Development PCL	28,100	39
Ratch Group PCL	22,550	24
		98
Total Thailand		4,327
TURKEY 2.6%
COMMUNICATION SERVICES 0.2%
Turkcell Iletisim Hizmetleri AS	165,286	176
CONSUMER DISCRETIONARY 0.3%
Arcelik AS	23,652	86
Ford Otomotiv Sanayi AS	4,996	88
Tofas Turk Otomobil Fabrikasi AS	10,430	51
		225
CONSUMER STAPLES 0.3%
Anadolu Efes Biracilik Ve Malt Sanayii AS	12,174	26
BIM Birlesik Magazalar AS	25,006	157

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

Coca-Cola Icecek AS	3,350	24
		207
ENERGY 0.4%
Turkiye Petrol Rafinerileri AS(b)	16,994	265
FINANCIALS 0.7%
Akbank TAS	159,290	97
Haci Omer Sabanci Holding AS	100,528	139
Is Yatirim Menkul Degerler AS	26,627	40
Turkiye Halk Bankasi AS(b)	45,786	17
Turkiye Is Bankasi AS 'C'	281,064	113
Turkiye Vakiflar Bankasi TAO 'D'(b)	85,427	32
Yapi ve Kredi Bankasi AS	111,886	43
		481
INDUSTRIALS 0.6%
AG Anadolu Grubu Holding AS	2,203	10
Enka Insaat ve Sanayi AS	79,664	73
KOC Holding AS	45,891	111
Turk Hava Yollari AO(b)	63,456	241
Turkiye Sise ve Cam Fabrikalari AS	29,691	41
		476
MATERIALS 0.1%
Eregli Demir ve Celik Fabrikalari TAS	31,812	50
Petkim Petrokimya Holding AS(b)	45,493	30
		80
UTILITIES 0.0%
Aygaz AS	8,342	20
Total Turkey		1,930
UNITED STATES 0.0%
CONSUMER DISCRETIONARY 0.0%
Nexteer Automotive Group Ltd.	49,000	26
Total United States		26
Total Common Stocks (Cost $83,163)		72,516
PREFERRED STOCKS 2.6%
BRAZIL 2.2%
BANKING & FINANCE 0.6%
Banco Bradesco SA	49,300	181
Banco do Estado do Rio Grande do Sul SA	22,248	48
Itau Unibanco Holding SA	48,016	250
		479
ENERGY 0.6%
Petroleo Brasileiro SA	81,198	449
INDUSTRIALS 0.5%
Braskem SA	6,090	30
Gerdau SA	36,461	165
Metalurgica Gerdau SA	75,392	148
		343
UTILITIES 0.5%
Cia de Transmissao de Energia Eletrica Paulista	17,921	76
Cia Energetica de Minas Gerais	148,890	297
		373
Total Brazil		1,644
CHILE 0.4%
INDUSTRIALS 0.4%
Embotelladora Andina SA	24,924	43

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

Sociedad Quimica y Minera de Chile SA	2,666	248
		291
Total Chile		291
RUSSIA 0.0%
ENERGY 0.0%
Bashneft PJSC «	2,929	0
Transneft PJSC «(d)	22	0
		0
Total Russia		0
Total Preferred Stocks (Cost $1,546)		1,935
REAL ESTATE INVESTMENT TRUSTS 0.1%
INDIA 0.1%
REAL ESTATE 0.1%
Embassy Office Parks REIT	8,024	34
Total India		34
SOUTH AFRICA 0.0%
REAL ESTATE 0.0%
Growthpoint Properties Ltd.	22,880	15
Total South Africa		15
TURKEY 0.0%
REAL ESTATE 0.0%
Emlak Konut Gayrimenkul Yatirim Ortakligi AS	105,207	22
Total Turkey		22
Total Real Estate Investment Trusts (Cost $91)		71
RIGHTS 0.0%
PHILIPPINES 0.0%
COMMUNICATION SERVICES 0.0%
Globe Telecom, Inc.(b)	38	0
Total Rights (Cost $0)		0
	PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.2%
REPURCHASE AGREEMENTS (f) 0.2%		162
Total Short-Term Instruments (Cost $162)		162
Total Investments in Securities (Cost $84,962)		74,684
	SHARES
INVESTMENTS IN AFFILIATES 0.0%
SHORT-TERM INSTRUMENTS 0.0%
MUTUAL FUNDS 0.0%
PIMCO Government Money Market Fund 2.920%(c)(d)(e)	5,700	6

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

Total Short-Term Instruments (Cost $6)		6
Total Investments in Affiliates (Cost $6)		6
Total Investments 99.3% (Cost $84,968)	$	74,690
Other Assets and Liabilities, net 0.7%		502
Net Assets 100.0%	$	75,192

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:
* A zero balance may reflect actual amounts rounding to less than one thousand.
¤		The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.
^		Security is in default.
«		Security valued using significant unobservable inputs (Level 3).
(a)		Security is not accruing income as of the date of this report.
(b)		Security did not produce income within the last twelve months.
(c)		Institutional Class Shares of each Fund.
(d)		Securities with an aggregate market value of $5 were out on loan in exchange for $6 of cash collateral as of September 30, 2022.
(e)		Coupon represents a 7-Day Yield.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(f)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date	Maturity Date		Principal Amount		Collateralized By						Collateral (Received)				Repurchase Agreements, at Value			Repurchase Agreement Proceeds to be Received(1)
FICC			1.150%	09/30/2022	10/03/2022	$	162		U.S. Treasury Bills 0.000% due 03/30/2023					$		(165)		$		162	$		162
Total Repurchase Agreements														$		(165)		$		162	$		162
(1)		Includes accrued interest.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1			Level 2		Level 3				Fair Value at 09/30/2022
Investments in Securities, at Value
Common Stocks
	Brazil
		Communication Services						$		52	$	0	$	0			$			52
		Consumer Discretionary								192		0		0						192
		Consumer Staples								676		0		0						676
		Energy								178		0		0						178
		Financials								619		0		0						619
		Health Care								63		0		0						63
		Industrials								84		0		0						84
		Materials								933		0		0						933
		Utilities								271		0		0						271
	Chile
		Consumer Discretionary								0		67		0						67
		Consumer Staples								62		51		0						113
		Energy								35		0		0						35
		Financials								158		0		0						158
		Materials								24		0		0						24
		Utilities								172		13		0						185
	China
		Communication Services								515		70		0						585
		Consumer Discretionary								602		1,434		0						2,036
		Consumer Staples								0		1,058		0						1,058
		Energy								18		2,196		0						2,214
		Financials								33		4,056		0						4,089
		Health Care								0		367		0						367
		Industrials								80		1,478		0						1,558
		Information Technology								0		192		0						192
		Materials								0		578		0						578
		Real Estate								176		123		13						312
		Utilities								0		717		0						717
	Greece
		Communication Services								0		81		0						81
		Consumer Discretionary								0		64		0						64
		Energy								0		24		0						24
		Financials								0		254		0						254
		Utilities								0		17		0						17
	Hong Kong
		Consumer Staples								0		97		0						97
		Financials								0		507		0						507
		Industrials								0		185		0						185

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

	Real Estate	0	654	0	654
	Utilities	0	783	0	783
India
	Communication Services	0	548	0	548
	Consumer Discretionary	0	1,140	0	1,140
	Consumer Staples	0	1,317	0	1,317
	Energy	0	1,824	0	1,824
	Financials	0	1,603	0	1,603
	Health Care	0	639	0	639
	Industrials	0	635	0	635
	Information Technology	0	3,192	0	3,192
	Materials	0	642	0	642
	Real Estate	0	34	0	34
	Utilities	0	798	0	798
Indonesia
	Communication Services	0	403	0	403
	Consumer Discretionary	0	207	0	207
	Consumer Staples	16	138	0	154
	Energy	0	517	0	517
	Financials	0	752	0	752
	Health Care	0	43	0	43
	Materials	0	57	0	57
	Utilities	0	52	0	52
Malaysia
	Communication Services	0	121	0	121
	Consumer Discretionary	0	94	0	94
	Consumer Staples	30	100	0	130
	Energy	34	0	0	34
	Financials	0	655	0	655
	Industrials	0	107	0	107
	Materials	0	116	0	116
	Utilities	0	81	0	81
Mexico
	Communication Services	836	0	0	836
	Consumer Staples	1,073	0	0	1,073
	Financials	63	0	0	63
	Industrials	118	0	0	118
	Materials	269	0	0	269
Philippines
	Communication Services	0	62	0	62
	Consumer Staples	0	32	0	32
	Financials	0	106	0	106
	Industrials	0	70	0	70
	Real Estate	0	29	0	29
	Utilities	0	35	0	35
Poland
	Communication Services	0	34	0	34
	Energy	0	212	0	212
	Financials	0	80	0	80
	Materials	0	81	0	81
	Utilities	0	53	0	53
Russia
	Financials	0	0	1	1
Saudi Arabia
	Communication Services	0	410	0	410
	Consumer Discretionary	0	55	0	55
	Consumer Staples	0	55	0	55
	Energy	0	587	0	587
	Financials	0	1,135	0	1,135
	Health Care	0	17	0	17
	Materials	0	851	0	851
	Real Estate	0	17	0	17
	Utilities	0	28	0	28
Singapore
	Industrials	0	41	0	41
South Africa
	Communication Services	115	435	0	550
	Consumer Discretionary	43	419	0	462
	Consumer Staples	202	210	0	412
	Energy	0	118	0	118
	Financials	80	523	0	603
	Health Care	21	21	0	42
	Industrials	43	0	0	43
	Materials	0	1,006	0	1,006
South Korea
	Communication Services	0	1,054	0	1,054
	Consumer Discretionary	0	2,599	0	2,599
	Consumer Staples	0	468	0	468
	Energy	0	360	0	360
	Financials	0	1,415	0	1,415
	Industrials	0	1,073	0	1,073
	Information Technology	0	736	0	736
	Materials	0	1,091	0	1,091
	Utilities	0	342	0	342

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2022 (Unaudited)

	Taiwan
		Communication Services		0		702		0		702
		Consumer Discretionary		0		386		0		386
		Consumer Staples		0		331		0		331
		Energy		0		68		0		68
		Financials		0		2,888		0		2,888
		Industrials		0		752		0		752
		Information Technology		12		4,904		0		4,916
		Materials		0		1,430		0		1,430
		Real Estate		0		119		0		119
	Thailand
		Communication Services		0		427		0		427
		Consumer Discretionary		0		62		0		62
		Consumer Staples		0		602		0		602
		Energy		0		876		0		876
		Financials		0		847		0		847
		Health Care		0		314		0		314
		Industrials		0		318		0		318
		Materials		0		550		0		550
		Real Estate		0		233		0		233
		Utilities		0		98		0		98
	Turkey
		Communication Services		0		176		0		176
		Consumer Discretionary		0		225		0		225
		Consumer Staples		157		50		0		207
		Energy		0		265		0		265
		Financials		172		309		0		481
		Industrials		51		425		0		476
		Materials		0		80		0		80
		Utilities		0		20		0		20
	United States
		Consumer Discretionary		0		26		0		26
Preferred Stocks
	Brazil
		Banking & Finance		479		0		0		479
		Energy		449		0		0		449
		Industrials		343		0		0		343
		Utilities		373		0		0		373
	Chile
		Industrials		43		248		0		291
Real Estate Investment Trusts
	India
		Real Estate		0		34		0		34
	South Africa
		Real Estate		15		0		0		15
	Turkey
		Real Estate		0		22		0		22
Short-Term Instruments
	Repurchase Agreements			0		162		0		162
			$	9,980	$	64,690	$	14	$	74,684
Investments in Affiliates, at Value
Short-Term Instruments
	Mutual Funds			6		0		0		6
Total Investments			$	9,986	$	64,690	$	14	$	74,690
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 99.2% ¤
COMMON STOCKS 96.5%
AUSTRALIA 4.8%
COMMUNICATION SERVICES 0.5%
carsales.com Ltd.	1,508	$	18
Nine Entertainment Co. Holdings Ltd.	5,374		6
REA Group Ltd.	336		25
SEEK Ltd.	2,034		25
Telstra Corp. Ltd.	138,101		341
			415
CONSUMER DISCRETIONARY 0.4%
Aristocrat Leisure Ltd.	833		18
Domino's Pizza Enterprises Ltd.	533		17
Harvey Norman Holdings Ltd.	9,598		25
JB Hi-Fi Ltd.	1,536		37
Super Retail Group Ltd.	4,270		24
Tabcorp Holdings Ltd.	8,397		5
Wesfarmers Ltd.	8,548		234
			360
CONSUMER STAPLES 0.6%
Blackmores Ltd.	374		15
Coles Group Ltd.	10,225		108
GrainCorp Ltd. 'A'	8,172		41
Metcash Ltd.	21,903		55
Woolworths Group Ltd.	13,588		295
			514
ENERGY 0.5%
Ampol Ltd.	3,598		67
Santos Ltd.	6,524		30
Viva Energy Group Ltd.	18,268		31
Whitehaven Coal Ltd.	10,949		64
Woodside Energy Group Ltd.	9,410		192
WorleyParsons Ltd.	4,947		40
			424
FINANCIALS 0.7%
AMP Ltd.(a)	56,396		40
ASX Ltd.	527		24
Bank of Queensland Ltd.	5,745		24
Bendigo & Adelaide Bank Ltd.	5,264		26
Insurance Australia Group Ltd.	9,504		28
Medibank Pvt Ltd.	40,132		90
National Australia Bank Ltd.	8,010		148
NIB Holdings Ltd.	5,147		25
Perpetual Ltd.	772		12
QBE Insurance Group Ltd.	5,753		43
Suncorp Group Ltd.	18,513		119
			579
HEALTH CARE 0.2%
Cochlear Ltd.	217		27
CSL Ltd.	381		69
Ramsay Health Care Ltd.	553		20
Sonic Healthcare Ltd.	1,931		38
			154
INDUSTRIALS 0.4%
Aurizon Holdings Ltd.	33,252		73
Brambles Ltd.	9,640		70
Downer EDI Ltd.	8,514		25
Qantas Airways Ltd.(a)	8,601		28

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

Transurban Group	12,271	97
		293
INFORMATION TECHNOLOGY 0.1%
Computershare Ltd.	2,976	47
MATERIALS 1.1%
BHP Group Ltd.	11,611	289
BlueScope Steel Ltd.	5,828	57
CSR Ltd.	10,107	29
Fortescue Metals Group Ltd.	16,229	174
IGO Ltd.	4,321	38
Iluka Resources Ltd.	4,271	25
Incitec Pivot Ltd.	28,234	64
Mineral Resources Ltd.	861	36
Newcrest Mining Ltd.	4,484	49
Northern Star Resources Ltd.	5,210	26
Orica Ltd.	2,834	24
OZ Minerals Ltd.	1,034	17
Rio Tinto Ltd.	1,612	98
Sims Ltd.	4,726	40
		966
REAL ESTATE 0.0%
Lendlease Corp. Ltd.	6,142	35
UTILITIES 0.3%
AGL Energy Ltd.	17,361	76
APA Group	5,739	35
Origin Energy Ltd.	32,935	109
		220
Total Australia		4,007
AUSTRIA 0.3%
ENERGY 0.1%
OMV AG	1,681	61
FINANCIALS 0.0%
UNIQA Insurance Group AG	4,009	24
INDUSTRIALS 0.1%
Andritz AG	666	28
INFORMATION TECHNOLOGY 0.0%
AT&S Austria Technologie & Systemtechnik AG	268	9
MATERIALS 0.0%
voestalpine AG	1,195	20
REAL ESTATE 0.1%
CA Immobilien Anlagen AG	1,260	38
UTILITIES 0.0%
Verbund AG	321	27
Total Austria		207
BELGIUM 0.4%
COMMUNICATION SERVICES 0.1%
Proximus SADP	3,180	33
CONSUMER DISCRETIONARY 0.0%
Telenet Group Holding NV	1,197	16
CONSUMER STAPLES 0.1%
Anheuser-Busch InBev SA NV	786	35
Etablissements Franz Colruyt NV	1,549	34

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

Lotus Bakeries NV	5	26
		95
ENERGY 0.0%
Euronav NV	962	15
FINANCIALS 0.1%
Ageas SA	1,027	38
Gimv NV	443	19
		57
HEALTH CARE 0.1%
UCB SA	1,060	74
INDUSTRIALS 0.0%
Ackermans & Van Haaren NV	180	23
INFORMATION TECHNOLOGY 0.0%
Barco NV	1,518	32
MATERIALS 0.0%
Solvay SA	302	23
Total Belgium		368
CANADA 7.4%
COMMUNICATION SERVICES 0.5%
BCE, Inc.	3,642	153
Cineplex, Inc.(a)	3,237	21
Cogeco Communications, Inc.	393	20
Quebecor, Inc. 'B'	1,512	28
Rogers Communications, Inc. 'B'	1,846	71
Shaw Communications, Inc. 'B'	3,106	76
TELUS Corp.	4,486	89
		458
CONSUMER DISCRETIONARY 0.6%
Canadian Tire Corp. Ltd. 'A'	875	93
Dollarama, Inc.	1,403	81
Gildan Activewear, Inc.	1,175	33
Lululemon Athletica, Inc.(a)	140	39
Magna International, Inc.	4,344	206
Restaurant Brands International, Inc.	300	16
		468
CONSUMER STAPLES 0.8%
Alimentation Couche-Tard, Inc.	3,492	141
Empire Co. Ltd. 'A'	3,587	89
George Weston Ltd.	943	99
Loblaw Cos., Ltd.	1,756	139
Maple Leaf Foods, Inc.	978	15
Metro, Inc.	1,916	96
North West Co., Inc.	1,015	23
Premium Brands Holdings Corp.	378	23
Saputo, Inc.	1,591	38
		663
ENERGY 1.6%
ARC Resources Ltd.	8,670	104
Birchcliff Energy Ltd.	4,323	31
Canadian Natural Resources Ltd.	1,792	83
Crescent Point Energy Corp.	29,363	181
Enbridge, Inc.	3,594	133
Enerplus Corp.	4,595	65
Gibson Energy, Inc.	2,652	42
Imperial Oil Ltd.	3,850	167
MEG Energy Corp.(a)	5,227	59
Peyto Exploration & Development Corp.	4,301	34
Suncor Energy, Inc.	10,962	309
TC Energy Corp.	1,166	47
Tourmaline Oil Corp.	100	5
Vermilion Energy, Inc.	2,523	54

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

Whitecap Resources, Inc.	10,584	67
		1,381
FINANCIALS 0.8%
Bank of Montreal	213	19
Canadian Imperial Bank of Commerce	1,168	51
CI Financial Corp.	3,161	30
Fairfax Financial Holdings Ltd.	285	130
Great-West Lifeco, Inc.	1,379	30
Home Capital Group, Inc.	1,347	27
IGM Financial, Inc.	995	25
Intact Financial Corp.	798	113
Onex Corp.	528	24
Power Corp. of Canada	3,198	72
Toronto-Dominion Bank	3,086	189
		710
HEALTH CARE 0.0%
Chartwell Retirement Residences	2,253	15
INDUSTRIALS 1.1%
Aecon Group, Inc.	2,567	18
Canadian National Railway Co.	2,175	235
Canadian Pacific Railway Ltd.	2,730	182
Finning International, Inc.	2,149	38
Ritchie Bros Auctioneers, Inc.	679	42
Russel Metals, Inc.	1,275	24
TFI International, Inc.	972	88
Thomson Reuters Corp.	1,703	175
Toromont Industries Ltd.	914	63
Westshore Terminals Investment Corp.	2,037	39
		904
INFORMATION TECHNOLOGY 0.3%
Celestica, Inc.(a)	4,163	35
CGI, Inc.(a)	1,273	96
Constellation Software, Inc.	44	61
Open Text Corp.	827	22
		214
MATERIALS 1.0%
Agnico Eagle Mines Ltd.	1,300	55
Barrick Gold Corp.	2,719	42
Eldorado Gold Corp.(a)	4,047	24
First Quantum Minerals Ltd.	3,222	55
Franco-Nevada Corp.	738	88
Interfor Corp.(a)	1,410	25
Methanex Corp.	1,105	35
Nutrien Ltd.	1,388	116
Resolute Forest Products, Inc.(a)	1,830	37
Stelco Holdings, Inc.	1,252	31
Teck Resources Ltd. 'B'	6,863	209
Transcontinental, Inc. 'A'	2,024	23
Turquoise Hill Resources Ltd.(a)	1,954	58
West Fraser Timber Co. Ltd.	899	65
		863
REAL ESTATE 0.1%
Colliers International Group, Inc.	292	27
FirstService Corp.	333	39
		66
UTILITIES 0.6%
Algonquin Power & Utilities Corp.	1,646	18
Atco Ltd. 'I'	1,605	49
Canadian Utilities Ltd. 'A'	1,091	28
Emera, Inc.	1,717	70
Fortis, Inc.	3,354	127
Hydro One Ltd.	2,765	68
Northland Power, Inc.	1,490	44
Superior Plus Corp.	3,116	23
TransAlta Corp.	5,078	45

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

TransAlta Renewables, Inc.	2,095	22
		494
Total Canada		6,236
CHILE 0.0%
MATERIALS 0.0%
Antofagasta PLC	1,467	18
Total Chile		18
DENMARK 2.3%
CONSUMER DISCRETIONARY 0.0%
Pandora AS	357	17
CONSUMER STAPLES 0.1%
Carlsberg AS 'B'	554	65
Royal Unibrew AS	455	29
Scandinavian Tobacco Group AS	1,849	27
		121
FINANCIALS 0.1%
Sydbank AS	1,068	29
Topdanmark AS	731	34
Tryg AS	1,409	29
		92
HEALTH CARE 1.3%
Coloplast AS 'B'	276	28
Novo Nordisk AS 'B'	10,749	1,071
		1,099
INDUSTRIALS 0.6%
AP Moller - Maersk AS 'B'	156	284
D/S Norden AS	1,359	57
DSV AS	649	76
ISS AS(a)	1,812	28
Solar AS 'B'	262	17
Vestas Wind Systems AS	1,910	35
		497
MATERIALS 0.1%
CHR Hansen Holding AS(a)	420	21
Novozymes AS 'B'	1,454	73
		94
UTILITIES 0.1%
Orsted AS	608	48
Total Denmark		1,968
FINLAND 1.2%
COMMUNICATION SERVICES 0.1%
Elisa Oyj	1,210	55
CONSUMER STAPLES 0.1%
Kesko Oyj 'B'	4,730	88
ENERGY 0.1%
Neste Oyj	2,340	102
FINANCIALS 0.3%
Nordea Bank Abp	9,909	85
Sampo Oyj 'A'	4,319	184
		269
HEALTH CARE 0.1%
Orion Oyj 'B'	1,326	56

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

INDUSTRIALS 0.1%
Kone Oyj 'B'	1,870	72
INFORMATION TECHNOLOGY 0.1%
Nokia Oyj	11,089	48
TietoEVRY Oyj	3,154	71
		119
MATERIALS 0.2%
Kemira Oyj	2,104	23
Outokumpu OYJ	7,761	27
Stora Enso Oyj 'R'	4,025	51
UPM-Kymmene Oyj	2,431	77
		178
REAL ESTATE 0.1%
Citycon Oyj	4,354	27
Kojamo OYJ	1,934	25
		52
UTILITIES 0.0%
Fortum Oyj	2,777	38
Total Finland		1,029
FRANCE 7.3%
COMMUNICATION SERVICES 0.9%
Eutelsat Communications SA	6,144	47
Lagardere SA	1,180	17
Metropole Television SA	1,721	21
Orange SA	61,429	556
Publicis Groupe SA	973	46
Television Francaise 1	2,446	14
Ubisoft Entertainment SA(a)	344	9
Vivendi SE	9,477	74
		784
CONSUMER DISCRETIONARY 0.9%
Cie Generale des Etablissements Michelin SCA	2,704	61
Faurecia SE(a)	2,276	25
Hermes International	103	121
Kering SA	190	84
LVMH Moet Hennessy Louis Vuitton SE	257	152
Renault SA	10,420	282
SEB SA	370	23
Sodexo SA	561	42
Valeo SA	1,065	16
		806
CONSUMER STAPLES 1.0%
Carrefour SA	25,526	354
Casino Guichard Perrachon SA(a)	1,893	18
Danone SA	3,873	183
L'Oreal SA	335	107
Pernod Ricard SA	817	150
		812
ENERGY 0.8%
TotalEnergies SE	14,084	661
FINANCIALS 0.7%
AXA SA	5,363	117
BNP Paribas SA	2,291	97
SCOR SE	1,289	18
Societe Generale SA	19,359	383
		615
HEALTH CARE 0.6%
BioMerieux	325	26
Sanofi	6,252	476

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

Sartorius Stedim Biotech	114	35
		537
INDUSTRIALS 1.3%
Airbus SE	284	24
Alstom SA	2,277	37
Bouygues SA	3,809	100
Bureau Veritas SA	3,452	77
Cie de Saint-Gobain	2,037	73
Dassault Aviation SA	331	38
Edenred	181	8
Elis SA	2,103	21
Getlink SE	1,015	16
Legrand SA	483	31
Nexans SA	600	53
Rexel SA	7,758	116
Safran SA	1,425	130
Societe BIC SA	611	39
Thales SA	897	99
Vinci SA	3,127	253
		1,115
INFORMATION TECHNOLOGY 0.1%
Alten SA	259	29
Dassault Systemes SE	1,170	40
		69
MATERIALS 0.2%
Air Liquide SA	1,081	123
Vicat SA	881	20
		143
UTILITIES 0.8%
Electricite de France SA	11,612	135
Engie SA	33,123	381
Veolia Environnement SA	6,776	129
		645
Total France		6,187
GERMANY 4.7%
COMMUNICATION SERVICES 0.3%
CTS Eventim AG & Co. KGaA(a)	501	21
Deutsche Telekom AG	5,011	85
Freenet AG	2,621	50
ProSiebenSat.1 Media SE	2,899	20
Scout24 SE	521	26
Telefonica Deutschland Holding AG	17,586	36
		238
CONSUMER DISCRETIONARY 1.4%
Adidas AG	504	58
Bayerische Motoren Werke AG	8,077	547
Continental AG	1,304	58
ElringKlinger AG	2,647	15
Fielmann AG	567	18
Hella GmbH & Co. KGaA	371	25
Hornbach Holding AG & Co. KGaA	458	29
Hugo Boss AG	1,215	56
Mercedes-Benz Group AG	6,428	325
Vitesco Technologies Group AG(a)	898	44
		1,175
CONSUMER STAPLES 0.1%
Beiersdorf AG	584	57
Metro AG	4,898	34
Suedzucker AG	2,035	25
		116
FINANCIALS 1.0%
Allianz SE	627	99
Commerzbank AG	34,126	243
Deutsche Bank AG	17,407	129
Deutsche Boerse AG	1,090	179
Deutsche Pfandbriefbank AG	4,734	32
Hannover Rueck SE	337	50

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen	285	69
Talanx AG(a)	840	30
		831
HEALTH CARE 0.3%
Bayer AG	1,679	77
Carl Zeiss Meditec AG	266	28
Fresenius Medical Care AG & Co. KGaA	783	22
Gerresheimer AG	373	18
Merck KGaA	654	106
Siemens Healthineers AG	1,015	44
		295
INDUSTRIALS 0.5%
Bilfinger SE	1,009	25
Deutsche Lufthansa AG	22,651	130
Deutsche Post AG	3,191	96
Hapag-Lloyd AG	198	33
Kloeckner & Co. SE	2,914	22
Knorr-Bremse AG	464	20
MTU Aero Engines AG	152	23
Rational AG	30	15
Rheinmetall AG	130	20
Sixt SE	158	13
		397
INFORMATION TECHNOLOGY 0.2%
SAP SE	2,011	164
MATERIALS 0.4%
Aurubis AG	797	41
BASF SE	2,161	83
Covestro AG	1,942	55
K&S AG	6,552	124
Salzgitter AG	1,729	33
Symrise AG	182	18
Wacker Chemie AG	106	11
		365
REAL ESTATE 0.1%
LEG Immobilien SE	899	54
TAG Immobilien AG	1,268	10
Vonovia SE	1,295	28
		92
UTILITIES 0.4%
E.ON SE	13,101	100
RWE AG	5,521	203
Uniper SE	3,395	13
		316
Total Germany		3,989
HONG KONG 1.7%
COMMUNICATION SERVICES 0.2%
HKBN Ltd.	30,500	24
HKT Trust & HKT Ltd.	44,000	51
PCCW Ltd.	113,295	51
		126
CONSUMER DISCRETIONARY 0.1%
Bosideng International Holdings Ltd.	76,000	37
Chow Tai Fook Jewellery Group Ltd.	23,200	44
Skyworth Group Ltd.	60,000	24
		105
CONSUMER STAPLES 0.0%
WH Group Ltd.	58,000	36
FINANCIALS 0.0%
Hong Kong Exchanges & Clearing Ltd.	1,000	34
INDUSTRIALS 0.5%
Cathay Pacific Airways Ltd.(a)	52,000	55

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

CK Hutchison Holdings Ltd.	20,000	110
Hutchison Port Holdings Trust	170,900	31
Jardine Matheson Holdings Ltd.	1,500	76
MTR Corp. Ltd.	18,000	82
NWS Holdings Ltd.	35,000	32
Pacific Basin Shipping Ltd.	64,000	20
SITC International Holdings Co. Ltd.	10,000	18
Xinyi Glass Holdings Ltd.	13,000	19
		443
INFORMATION TECHNOLOGY 0.1%
Kingboard Holdings Ltd.	9,200	26
Kingboard Laminates Holdings Ltd.	21,000	19
Truly International Holdings Ltd.	104,000	16
		61
REAL ESTATE 0.6%
CK Asset Holdings Ltd.	19,000	114
Hongkong Land Holdings Ltd.	13,500	59
Hopson Development Holdings Ltd.	24,610	26
New World Development Co. Ltd.	17,000	48
Sun Hung Kai Properties Ltd.	13,500	149
Swire Pacific Ltd. 'A'	5,000	38
Wharf Holdings Ltd.	10,000	32
		466
UTILITIES 0.2%
CLP Holdings Ltd.	11,100	84
HK Electric Investments & HK Electric Investments Ltd.	25,000	18
Hong Kong & China Gas Co. Ltd.	29,972	26
Power Assets Holdings Ltd.	5,000	25
		153
Total Hong Kong		1,424
IRELAND 1.1%
CONSUMER DISCRETIONARY 0.0%
Aptiv PLC(a)	339	27
CONSUMER STAPLES 0.1%
Glanbia PLC	3,612	42
Kerry Group PLC 'A'	913	81
		123
FINANCIALS 0.1%
Bank of Ireland Group PLC	6,029	39
HEALTH CARE 0.5%
ICON PLC(a)	485	89
Jazz Pharmaceuticals PLC(a)	350	47
Medtronic PLC	3,915	316
		452
INDUSTRIALS 0.3%
Allegion PLC	283	25
DCC PLC	413	21
Experian PLC	2,218	65
Grafton Group PLC	2,722	20
Kingspan Group PLC	543	25
Trane Technologies PLC	433	63
		219
MATERIALS 0.1%
James Hardie Industries PLC	4,052	79
Smurfit Kappa Group PLC	805	23
		102
Total Ireland		962
ISRAEL 1.1%
COMMUNICATION SERVICES 0.1%
Bezeq The Israeli Telecommunication Corp. Ltd.	43,989	72

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

CONSUMER STAPLES 0.0%
Strauss Group Ltd.	1,025	24
ENERGY 0.2%
Delek Group Ltd.(a)	464	73
Oil Refineries Ltd.	146,340	50
Paz Oil Co. Ltd.(a)	199	22
		145
FINANCIALS 0.4%
Bank Hapoalim BM	10,621	90
Bank Leumi Le-Israel BM	11,464	99
Harel Insurance Investments & Financial Services Ltd.	2,967	26
Israel Discount Bank Ltd. 'A'	8,756	44
Mizrahi Tefahot Bank Ltd.	1,169	41
Plus500 Ltd.	1,142	21
		321
HEALTH CARE 0.1%
Teva Pharmaceutical Industries Ltd. SP - ADR(a)	6,228	50
INDUSTRIALS 0.0%
Elbit Systems Ltd.	185	35
INFORMATION TECHNOLOGY 0.1%
Check Point Software Technologies Ltd.(a)	707	79
Nice Ltd.(a)	153	29
SolarEdge Technologies, Inc.(a)	29	7
		115
MATERIALS 0.1%
ICL Group Ltd.	13,718	111
REAL ESTATE 0.1%
Azrieli Group Ltd.	369	25
G City Ltd.	4,882	23
		48
Total Israel		921
ITALY 2.5%
COMMUNICATION SERVICES 0.2%
Infrastrutture Wireless Italiane SpA	3,193	28
MFE-MediaForEurope NV 'A'	27,886	8
MFE-MediaForEurope NV 'B'	9,786	4
Telecom Italia SpA	633,387	117
		157
CONSUMER DISCRETIONARY 0.2%
Brembo SpA	2,825	23
Ferrari NV	423	79
Moncler SpA	688	28
		130
CONSUMER STAPLES 0.0%
MARR SpA	1,565	15
ENERGY 0.8%
Eni SpA	59,939	637
Saras SpA(a)	22,027	21
		658
FINANCIALS 0.6%
Anima Holding SpA	6,910	20
Assicurazioni Generali SpA	1,580	22
Azimut Holding SpA	2,407	34
Banca Generali SpA	759	21
Banca IFIS SpA	2,639	29
Banca Popolare di Sondrio SPA	9,343	31
Banco BPM SpA	23,368	61
BPER Banca	22,585	35
FinecoBank Banca Fineco SpA	2,483	31

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

UniCredit SpA	16,947	171
Unipol Gruppo SpA	13,730	53
		508
HEALTH CARE 0.1%
Amplifon SpA	1,007	26
DiaSorin SpA	324	36
Recordati Industria Chimica e Farmaceutica SpA	1,141	42
		104
INDUSTRIALS 0.1%
Atlantia SpA	1,228	27
Enav SpA	5,481	20
Leonardo SpA	8,947	63
		110
UTILITIES 0.5%
Enel SpA	53,455	219
ERG SpA	2,390	66
Iren SpA	11,374	15
Snam SpA	13,808	56
Terna - Rete Elettrica Nazionale	12,773	78
		434
Total Italy		2,116
JAPAN 26.5%
COMMUNICATION SERVICES 2.4%
Avex, Inc.	2,600	28
Capcom Co. Ltd.	1,700	43
Fuji Media Holdings, Inc.	3,900	29
Internet Initiative Japan, Inc.	2,000	31
Kadokawa Corp.	2,400	44
KDDI Corp.	19,600	573
Nexon Co. Ltd.	1,600	28
Nintendo Co. Ltd.	6,000	242
Nippon Telegraph & Telephone Corp.	20,900	564
Nippon Television Holdings, Inc.	4,300	34
Softbank Corp.	29,800	297
Square Enix Holdings Co. Ltd.	600	26
Toho Co. Ltd.	900	33
Yahoo Japan Corp.	10,400	27
		1,999
CONSUMER DISCRETIONARY 4.8%
Aisin Corp.	3,500	90
Arata Corp.	100	3
Bandai Namco Holdings, Inc.	1,500	98
Bridgestone Corp.	5,800	188
Casio Computer Co. Ltd.	2,900	25
DCM Holdings Co. Ltd.	5,400	44
Denso Corp.	1,500	69
EDION Corp.	3,400	28
Exedy Corp.	2,600	30
Fast Retailing Co. Ltd.	200	106
Food & Life Cos., Ltd.	2,100	32
Haseko Corp.	2,400	26
HIS Co. Ltd.(a)	1,200	17
Honda Motor Co. Ltd.	22,100	480
Iida Group Holdings Co. Ltd.	2,400	32
Isetan Mitsukoshi Holdings Ltd.	9,700	82
Isuzu Motors Ltd.	13,500	149
J Front Retailing Co. Ltd.	4,600	37
JTEKT Corp.	6,300	40
K's Holdings Corp.	4,800	40
Kohnan Shoji Co. Ltd.	1,800	42
Mazda Motor Corp.	23,100	153
McDonald's Holdings Co. Japan Ltd.	900	31
Mitsubishi Motors Corp.	16,600	60
NHK Spring Co. Ltd.	3,600	21
Nikon Corp.	4,800	45
Nishimatsuya Chain Co. Ltd.	2,700	25
Nissan Motor Co. Ltd.	73,000	235
Nitori Holdings Co. Ltd.	300	25
NOK Corp.	3,400	27
Oriental Land Co. Ltd.	600	81
Paltac Corp.	100	3
Pan Pacific International Holdings Corp.	3,500	62
Panasonic Holdings Corp.	14,600	103

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

Plenus Co. Ltd.	1,600	21
Rinnai Corp.	100	7
Round One Corp.	8,700	38
Saizeriya Co. Ltd.	1,400	26
Sankyo Co. Ltd.	1,300	39
Sega Sammy Holdings, Inc.	1,700	23
Sekisui Chemical Co. Ltd.	2,800	34
Sekisui House Ltd.	3,500	58
Shimamura Co. Ltd.	800	68
Shimano, Inc.	400	63
Skylark Holdings Co. Ltd.	1,800	19
Stanley Electric Co. Ltd.	1,700	27
Subaru Corp.	4,600	69
Sumitomo Electric Industries Ltd.	12,000	122
Sumitomo Forestry Co. Ltd.	2,900	44
Sumitomo Rubber Industries Ltd.	5,300	42
Suzuki Motor Corp.	2,000	62
Takashimaya Co. Ltd.	3,100	37
Tokai Rika Co. Ltd.	1,900	18
Tomy Co. Ltd.	2,600	22
Toyo Tire Corp.	2,700	29
Toyoda Gosei Co. Ltd.	2,300	35
Toyota Boshoku Corp.	3,400	42
Toyota Motor Corp.	24,600	322
TS Tech Co. Ltd.	2,500	25
USS Co. Ltd.	2,500	39
Yamada Holdings Co. Ltd.	31,600	104
Yamaha Corp.	700	25
Yamaha Motor Co. Ltd.	2,100	39
Yoshinoya Holdings Co. Ltd.	1,400	23
Zensho Holdings Co. Ltd.	1,300	32
		4,083
CONSUMER STAPLES 2.9%
Aeon Co. Ltd.	4,500	84
Ain Holdings, Inc.	100	4
Ajinomoto Co., Inc.	6,000	164
Asahi Group Holdings Ltd.	1,400	44
Calbee, Inc.	1,500	32
Cawachi Ltd.	1,700	25
Earth Corp.	100	4
Fuji Oil Holdings, Inc.	4,000	67
House Foods Group, Inc.	1,400	28
Itoham Yonekyu Holdings, Inc.	6,300	29
Japan Tobacco, Inc.	22,200	365
Kagome Co. Ltd.	1,200	25
Kao Corp.	3,000	122
Kewpie Corp.	1,800	30
Kikkoman Corp.	700	40
Kirin Holdings Co. Ltd.	9,500	146
Kobe Bussan Co. Ltd.	1,100	26
Lawson, Inc.	800	26
Maruha Nichiro Corp.	1,600	27
MatsukiyoCocokara & Co.	200	9
MEIJI Holdings Co. Ltd.	1,900	84
Mitsubishi Shokuhin Co. Ltd.	1,400	32
Mitsui DM Sugar Holdings Co. Ltd.	2,200	29
Morinaga & Co. Ltd.	1,200	33
Morinaga Milk Industry Co. Ltd.	800	23
NH Foods Ltd.	2,500	66
Nippn Corp.	2,700	29
Nisshin Oillio Group Ltd.	1,200	26
Nisshin Seifun Group, Inc.	2,700	27
Nissin Foods Holdings Co. Ltd.	600	42
Pola Orbis Holdings, Inc.	2,700	30
Sakata Seed Corp.	200	7
Seven & i Holdings Co. Ltd.	9,700	390
Sugi Holdings Co. Ltd.	200	8
Sundrug Co. Ltd.	1,500	36
Suntory Beverage & Food Ltd.	1,700	60
Toyo Suisan Kaisha Ltd.	700	29
Tsuruha Holdings, Inc.	600	35
Unicharm Corp.	1,000	33
United Super Markets Holdings, Inc.	3,800	28
Yakult Honsha Co. Ltd.	800	46
Yamazaki Baking Co. Ltd.	2,600	30
Yokorei Co. Ltd.	4,900	30
		2,450
ENERGY 0.9%
Cosmo Energy Holdings Co. Ltd.	2,600	67
ENEOS Holdings, Inc.	82,800	267
Idemitsu Kosan Co. Ltd.	6,112	133
Inpex Corp.	27,400	256

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

Iwatani Corp.	700	26
		749
FINANCIALS 1.9%
Aozora Bank Ltd.	1,900	34
Daiwa Securities Group, Inc.	9,000	35
Hokuhoku Financial Group, Inc.	5,000	30
Hyakujushi Bank Ltd.	2,800	32
Jafco Co. Ltd.	900	13
Japan Post Bank Co. Ltd.	8,500	59
Japan Post Holdings Co. Ltd.	64,700	429
Japan Post Insurance Co. Ltd.	2,100	29
Mebuki Financial Group, Inc.	18,000	35
Mitsubishi UFJ Financial Group, Inc.	31,000	141
Mizuho Financial Group, Inc.	12,600	136
MS&AD Insurance Group Holdings, Inc.	3,500	93
Nanto Bank Ltd.	2,700	39
Nishi-Nippon Financial Holdings, Inc.	10,100	53
ORIX Corp.	2,700	38
Resona Holdings, Inc.	9,500	35
Senshu Ikeda Holdings, Inc.	26,900	39
Seven Bank Ltd.	18,100	33
Sompo Holdings, Inc.	600	24
Sumitomo Mitsui Financial Group, Inc.	5,200	144
Sumitomo Mitsui Trust Holdings, Inc.	2,300	65
Tokio Marine Holdings, Inc.	3,900	69
Zenkoku Hosho Co. Ltd.	200	7
		1,612
HEALTH CARE 1.8%
Alfresa Holdings Corp.	2,800	33
Astellas Pharma, Inc.	22,500	298
Chugai Pharmaceutical Co. Ltd.	1,200	30
Daiichi Sankyo Co. Ltd.	5,100	143
H.U. Group Holdings, Inc.	1,400	25
Hoya Corp.	1,200	116
Kaken Pharmaceutical Co. Ltd.	1,100	29
M3, Inc.	800	22
Medipal Holdings Corp.	3,300	42
Olympus Corp.	5,000	96
Ono Pharmaceutical Co. Ltd.	1,500	35
Otsuka Holdings Co. Ltd.	1,700	54
Shionogi & Co. Ltd.	900	43
Suzuken Co. Ltd.	1,300	30
Sysmex Corp.	400	21
Taisho Pharmaceutical Holdings Co. Ltd.	600	22
Takeda Pharmaceutical Co. Ltd.	16,141	419
Terumo Corp.	1,700	48
Toho Holdings Co. Ltd.	2,300	31
Tsumura & Co.	1,200	26
		1,563
INDUSTRIALS 6.2%
AGC, Inc.	2,800	87
ANA Holdings, Inc.(a)	5,200	98
Central Glass Co. Ltd.	1,500	35
Central Japan Railway Co.	400	47
COMSYS Holdings Corp.	1,700	29
Dai Nippon Printing Co. Ltd.	3,700	74
Daikin Industries Ltd.	700	108
East Japan Railway Co.	3,900	200
EXEO Group, Inc.	1,900	28
FANUC Corp.	400	56
Fuji Electric Co. Ltd.	500	18
Fujikura Ltd.	7,800	47
Fujitec Co. Ltd.	1,500	30
Hankyu Hanshin Holdings, Inc.	1,400	42
Hanwa Co. Ltd.	1,200	28
Hazama Ando Corp.	3,100	18
Hino Motors Ltd.	8,300	34
Hitachi Ltd.	10,200	434
Hitachi Transport System Ltd.	800	48
Hitachi Zosen Corp.	6,600	39
Hoshizaki Corp.	200	6
IHI Corp.	1,700	36
ITOCHU Corp.	3,500	85
Japan Airlines Co. Ltd.(a)	6,500	116
Kajima Corp.	3,000	28
Kamigumi Co. Ltd.	1,500	28
Kandenko Co. Ltd.	4,900	28
Kawasaki Heavy Industries Ltd.	3,300	50
Kawasaki Kisen Kaisha Ltd.	2,400	34

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

Keio Corp.	700	26
Kinden Corp.	2,700	29
Kintetsu Group Holdings Co. Ltd. 'L'	1,300	43
Komatsu Ltd.	1,500	27
Kubota Corp.	1,800	25
Kurita Water Industries Ltd.	800	28
Kyushu Railway Co.	1,800	39
LIXIL Group Corp.	1,800	26
Marubeni Corp.	34,800	304
Meitec Corp.	1,100	17
Minebea Mitsumi, Inc.	2,400	36
MIRAIT ONE Corp.	2,200	22
Mitsubishi Corp.	3,300	90
Mitsubishi Heavy Industries Ltd.	9,900	329
Mitsui & Co. Ltd.	5,600	119
Mitsui OSK Lines Ltd.	11,700	209
MonotaRO Co. Ltd.	600	9
Nagase & Co. Ltd.	2,400	33
Nagoya Railroad Co. Ltd.(a)	1,800	28
Nankai Electric Railway Co. Ltd.	1,600	33
Nippon Steel Trading Corp.	700	24
Nippon Yusen KK	20,400	346
Nisshinbo Holdings, Inc.	5,200	38
NSK Ltd.	12,900	63
NTN Corp.	15,000	26
Obayashi Corp.	6,500	42
Persol Holdings Co. Ltd.	1,700	32
Recruit Holdings Co. Ltd.	3,300	95
Secom Co. Ltd.	1,200	68
Senko Group Holdings Co. Ltd.	4,600	30
SG Holdings Co. Ltd.	1,500	21
Shibaura Machine Co. Ltd.	1,400	28
Shinmaywa Industries Ltd.	3,500	24
SHO-BOND Holdings Co. Ltd.	200	9
SMC Corp.	100	41
Sohgo Security Services Co. Ltd.	1,200	30
Sojitz Corp.	6,340	93
Sotetsu Holdings, Inc.	1,700	28
Sumitomo Corp.	2,500	31
Taikisha Ltd.	1,300	29
Taisei Corp.	3,600	100
Takeuchi Manufacturing Co. Ltd.	1,600	30
Tobu Railway Co. Ltd.	2,000	47
Tokyu Corp.	5,300	60
Toppan, Inc.	5,400	80
Toshiba Corp.	5,500	196
TOTO Ltd.	900	30
Toyota Tsusho Corp.	3,300	102
West Japan Railway Co.	2,200	84
Yaskawa Electric Corp.	900	26
Yuasa Trading Co. Ltd.	1,200	29
		5,265
INFORMATION TECHNOLOGY 2.3%
Advantest Corp.	700	32
Alps Alpine Co. Ltd.	1,600	12
Azbil Corp.	700	18
BIPROGY, Inc.	1,100	24
Brother Industries Ltd.	1,700	29
Canon Marketing Japan, Inc.	1,700	38
Canon, Inc.	16,200	354
Citizen Watch Co. Ltd.	8,400	35
Daiwabo Holdings Co. Ltd.	2,300	30
Dexerials Corp.	800	18
DTS Corp.	1,600	38
FUJIFILM Holdings Corp.	2,600	119
Fujitsu Ltd.	1,200	132
Horiba Ltd.	100	4
Hosiden Corp.	2,800	29
Ibiden Co. Ltd.	1,600	44
Konica Minolta, Inc.	13,000	40
Macnica Holdings, Inc.	1,500	28
Maxell Ltd.	2,700	26
Murata Manufacturing Co. Ltd.	2,400	110
NEC Corp.	4,700	150
Nippon Electric Glass Co. Ltd.	2,800	48
Nomura Research Institute Ltd.	2,200	54
Obic Co. Ltd.	300	40
Omron Corp.	900	41
Otsuka Corp.	400	12
Renesas Electronics Corp.(a)	3,300	28
Ricoh Co. Ltd.	13,000	95
SCSK Corp.	300	4
Seiko Epson Corp.	2,500	34
Shinko Electric Industries Co. Ltd.	2,200	47

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

SUMCO Corp.	1,900	22
TIS, Inc.	2,300	61
Tokyo Electron Ltd.	400	99
Tokyo Seimitsu Co. Ltd.	200	6
Toshiba TEC Corp.	200	5
Trend Micro, Inc.	400	21
Ulvac, Inc.	500	18
		1,945
MATERIALS 1.8%
Asahi Holdings, Inc.	1,700	24
Daicel Corp.	5,100	30
Dowa Holdings Co. Ltd.	200	7
FP Corp.	200	5
JFE Holdings, Inc.	19,900	185
Kaneka Corp.	1,100	27
Kobe Steel Ltd.	17,000	68
Mitsubishi Chemical Group Corp.	17,500	80
Mitsubishi Materials Corp.	1,900	26
Mitsui Chemicals, Inc.	2,800	55
Nippon Paper Industries Co. Ltd. 'L'	11,300	73
Nippon Steel Corp.	26,900	373
Nissan Chemical Corp.	600	27
Nitto Denko Corp.	1,600	87
Oji Holdings Corp.	10,900	40
Shin-Etsu Chemical Co. Ltd.	200	20
Sumitomo Chemical Co. Ltd.	33,000	114
Sumitomo Metal Mining Co. Ltd.	600	17
Sumitomo Osaka Cement Co. Ltd.	1,600	36
Taiheiyo Cement Corp.	1,900	27
Tokuyama Corp.	2,300	28
Tokyo Ohka Kogyo Co. Ltd.	900	38
Tokyo Steel Manufacturing Co. Ltd.	3,700	32
Tosoh Corp.	2,300	26
Toyo Seikan Group Holdings Ltd.	3,800	46
UBE Corp.	1,900	25
		1,516
REAL ESTATE 0.2%
Daito Trust Construction Co. Ltd.	700	65
Mitsubishi Estate Co. Ltd.	2,100	28
Mitsui Fudosan Co. Ltd.	1,800	34
		127
UTILITIES 1.3%
Chubu Electric Power Co., Inc.	13,900	125
Chugoku Electric Power Co., Inc.	9,000	46
Electric Power Development Co. Ltd. 'C'	7,600	108
Hokkaido Electric Power Co., Inc.	8,600	27
Hokuriku Electric Power Co.	7,400	25
Kansai Electric Power Co., Inc.	10,500	88
Kyushu Electric Power Co., Inc.	9,200	49
Nippon Gas Co. Ltd.	800	11
Okinawa Electric Power Co., Inc.	3,800	28
Osaka Gas Co. Ltd.	5,600	84
Shikoku Electric Power Co., Inc.	5,600	28
Toho Gas Co. Ltd.	1,500	30
Tohoku Electric Power Co., Inc.	7,900	37
Tokyo Electric Power Co. Holdings, Inc.(a)	89,900	287
Tokyo Gas Co. Ltd.	7,900	133
		1,106
Total Japan		22,415
LUXEMBOURG 0.5%
COMMUNICATION SERVICES 0.1%
RTL Group SA	752	24
SES SA	11,244	61
		85
MATERIALS 0.4%
APERAM SA	893	21

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

ArcelorMittal SA	15,250	304
		325
Total Luxembourg		410
NETHERLANDS 3.9%
COMMUNICATION SERVICES 0.2%
Koninklijke KPN NV	48,570	132
VEON Ltd. ADR«(a)	57,207	0
		132
CONSUMER DISCRETIONARY 0.3%
Stellantis NV	22,267	263
CONSUMER STAPLES 1.0%
Heineken Holding NV	919	63
Heineken NV	1,198	104
Koninklijke Ahold Delhaize NV	28,373	723
		890
FINANCIALS 0.9%
ABN AMRO Bank NV	18,872	169
Aegon NV	53,618	213
ASR Nederland NV	751	29
Euronext NV	930	59
Flow Traders	949	18
ING Groep NV	8,224	70
NN Group NV	4,512	176
		734
HEALTH CARE 0.1%
Qiagen NV(a)	1,104	46
INDUSTRIALS 0.5%
Arcadis NV	949	31
IMCD NV	513	61
Intertrust NV(a)	1,487	28
Randstad NV	959	41
Signify NV	4,035	104
TKH Group NV	390	13
Wolters Kluwer NV	1,541	150
		428
INFORMATION TECHNOLOGY 0.5%
ASM International NV	307	69
ASML Holding NV	528	219
BE Semiconductor Industries NV	507	21
NXP Semiconductors NV	847	125
		434
MATERIALS 0.4%
Akzo Nobel NV	2,672	151
Corbion NV	886	22
Koninklijke DSM NV	1,440	164
		337
Total Netherlands		3,264
NEW ZEALAND 0.2%
COMMUNICATION SERVICES 0.0%
Spark New Zealand Ltd.	15,579	44
HEALTH CARE 0.0%
Fisher & Paykel Healthcare Corp. Ltd. 'C'	2,372	25
INDUSTRIALS 0.1%
Auckland International Airport Ltd.(a)	6,576	27
Fletcher Building Ltd.	10,088	27
		54
REAL ESTATE 0.0%
Kiwi Property Group Ltd.	47,517	24

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

UTILITIES 0.1%
Contact Energy Ltd.	6,078	25
Meridian Energy Ltd.	8,585	23
		48
Total New Zealand		195
NORWAY 1.8%
COMMUNICATION SERVICES 0.1%
Telenor ASA	11,859	109
CONSUMER STAPLES 0.2%
Mowi ASA	4,545	58
Orkla ASA	9,060	66
Salmar ASA	811	27
		151
ENERGY 1.0%
Aker Solutions ASA	17,917	62
Equinor ASA	24,196	798
		860
FINANCIALS 0.1%
Gjensidige Forsikring ASA	1,914	33
SpareBank 1 Nord Norge	2,890	22
SpareBank 1 SR-Bank ASA	3,214	30
		85
INDUSTRIALS 0.1%
Tomra Systems ASA	3,072	54
INFORMATION TECHNOLOGY 0.1%
Atea ASA	6,662	59
MATERIALS 0.2%
Norsk Hydro ASA	7,437	40
Yara International ASA	4,796	168
		208
REAL ESTATE 0.0%
Entra ASA	1,998	19
Total Norway		1,545
PORTUGAL 0.5%
CONSUMER STAPLES 0.1%
Jeronimo Martins SGPS SA	2,599	49
UTILITIES 0.4%
EDP - Energias de Portugal SA	72,161	313
REN - Redes Energeticas Nacionais SGPS SA	11,060	26
		339
Total Portugal		388
SINGAPORE 1.5%
COMMUNICATION SERVICES 0.3%
NetLink NBN Trust	40,700	26
Singapore Telecommunications Ltd.	105,300	194
		220
CONSUMER STAPLES 0.2%
Golden Agri-Resources Ltd.	290,800	54
Wilmar International Ltd.	42,500	113
		167
ENERGY 0.0%
BW LPG Ltd.	5,101	37

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

FINANCIALS 0.5%
DBS Group Holdings Ltd.	4,500	104
Oversea-Chinese Banking Corp. Ltd.	17,700	145
United Overseas Bank Ltd.	7,400	134
		383
INDUSTRIALS 0.4%
ComfortDelGro Corp. Ltd.	29,300	27
Jardine Cycle & Carriage Ltd.	2,300	54
Keppel Corp. Ltd.	10,500	50
Singapore Airlines Ltd.(a)	41,900	148
Singapore Technologies Engineering Ltd.	18,400	46
		325
INFORMATION TECHNOLOGY 0.0%
Venture Corp. Ltd.	2,600	30
UTILITIES 0.1%
Sembcorp Industries Ltd.	33,900	72
Total Singapore		1,234
SOUTH AFRICA 0.0%
HEALTH CARE 0.0%
Mediclinic International PLC	4,940	27
Total South Africa		27
SPAIN 3.8%
COMMUNICATION SERVICES 0.6%
Mediaset Espana Comunicacion SA(a)	748	2
Telefonica SA	149,999	496
		498
CONSUMER DISCRETIONARY 0.1%
Gestamp Automocion SA	8,426	25
Industria de Diseno Textil SA	3,166	65
		90
CONSUMER STAPLES 0.0%
Viscofan SA	769	42
ENERGY 0.6%
Repsol SA	45,260	520
FINANCIALS 1.1%
Banco Bilbao Vizcaya Argentaria SA	27,642	124
Banco de Sabadell SA	193,838	129
Banco Santander SA	194,125	452
Bankinter SA	6,666	37
Mapfre SA	54,553	85
Unicaja Banco SA	69,883	63
		890
HEALTH CARE 0.0%
Almirall SA	2,736	26
INDUSTRIALS 0.2%
ACS Actividades de Construccion y Servicios SA	2,210	50
Aena SME SA(a)	318	33
Cia de Distribucion Integral Logista Holdings SA	1,806	33
Ferrovial SA	20	0
Sacyr SA	9,068	20
		136
INFORMATION TECHNOLOGY 0.1%
Amadeus IT Group SA(a)	914	42
MATERIALS 0.0%
Acerinox SA	3,765	30

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

UTILITIES 1.1%
Acciona SA	327	58
EDP Renovaveis SA	1,760	36
Enagas SA	1,286	20
Endesa SA	7,664	115
Iberdrola SA	51,898	484
Naturgy Energy Group SA	6,495	150
Red Electrica Corp. SA	6,306	97
		960
Total Spain		3,234
SWEDEN 2.2%
COMMUNICATION SERVICES 0.3%
Tele2 AB 'B'	5,871	50
Telia Co. AB	77,721	224
		274
CONSUMER DISCRETIONARY 0.2%
Autoliv, Inc.	533	36
Bilia AB 'A'	2,055	23
Electrolux AB	5,550	58
H & M Hennes & Mauritz AB 'B'	5,650	52
Scandic Hotels Group AB	9,176	26
		195
CONSUMER STAPLES 0.4%
AAK AB	1,760	23
Axfood AB	1,233	28
Cloetta AB 'B'	14,243	23
Essity AB 'B'	7,084	140
Swedish Match AB	8,082	80
		294
ENERGY 0.0%
Orron Energy ab	18,907	34
FINANCIALS 0.3%
EQT AB	1,105	21
Skandinaviska Enskilda Banken AB 'A'	3,291	31
Svenska Handelsbanken AB 'A'	9,791	81
Swedbank AB 'A'	7,169	94
		227
INDUSTRIALS 0.6%
Assa Abloy AB 'B'	1,781	33
Atlas Copco AB 'A'	13,056	121
Epiroc AB	3,689	53
Indutrade AB	1,595	26
Sandvik AB	3,699	51
SKF AB 'B'	2,983	40
Volvo AB 'B'	14,692	208
		532
INFORMATION TECHNOLOGY 0.1%
Telefonaktiebolaget LM Ericsson 'B'	7,266	42
MATERIALS 0.2%
Alleima AB(a)	739	2
Boliden AB	1,706	53
Hexpol AB	1,840	15
SSAB AB 'A'	24,832	109
Svenska Cellulosa AB S.C.A. 'B'	818	11
		190
REAL ESTATE 0.1%
Atrium Ljungberg AB 'B'	1,998	25

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

Hufvudstaden AB 'A'	2,281	25
		50
Total Sweden		1,838
SWITZERLAND 7.3%
COMMUNICATION SERVICES 0.2%
Swisscom AG	315	147
CONSUMER DISCRETIONARY 0.4%
Cie Financiere Richemont SA	2,246	212
Forbo Holding AG	18	19
Garmin Ltd.	717	58
Valora Holding AG	158	42
		331
CONSUMER STAPLES 1.4%
Aryzta AG(a)	29,545	29
Barry Callebaut AG	21	40
Chocoladefabriken Lindt & Spruengli AG	8	77
Emmi AG	26	20
Nestle SA	9,233	999
		1,165
FINANCIALS 1.5%
Banque Cantonale Vaudoise	464	44
Cembra Money Bank AG	486	34
Partners Group Holding AG	56	45
St Galler Kantonalbank AG	57	26
Swiss Life Holding AG	244	108
Swiss Re AG	2,420	179
UBS Group AG	8,416	122
Valiant Holding AG	409	39
Zurich Insurance Group AG	1,727	688
		1,285
HEALTH CARE 1.3%
Galenica AG	651	47
Novartis AG	3,625	276
Roche Holding AG	2,087	680
Sonova Holding AG	316	70
Straumann Holding AG	296	27
		1,100
INDUSTRIALS 0.8%
ABB Ltd.	11,138	288
Adecco Group AG	1,485	41
Bucher Industries AG	75	23
DKSH Holding AG	487	35
dormakaba Holding AG	86	29
Flughafen Zurich AG(a)	167	25
Geberit AG	152	65
Georg Fischer AG	520	25
Kuehne + Nagel International AG	487	99
Schindler Holding AG	317	49
SGS SA	20	43
		722
INFORMATION TECHNOLOGY 0.1%
Landis & Gyr Group AG	542	30
Logitech International SA	835	38
Temenos AG	146	10
		78
MATERIALS 1.4%
EMS-Chemie Holding AG	39	24
Givaudan SA	31	94
Glencore PLC	160,212	842
Holcim AG	780	32
SIG Group AG	1,777	36
Sika AG	588	118
		1,146
REAL ESTATE 0.2%
Allreal Holding AG	178	25

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

PSP Swiss Property AG	506	51
Swiss Prime Site AG	945	75
		151
UTILITIES 0.0%
BKW AG	330	39
Total Switzerland		6,164
UNITED KINGDOM 13.5%
COMMUNICATION SERVICES 1.0%
BT Group PLC	118,452	159
Pearson PLC	12,549	120
Vodafone Group PLC	483,416	541
		820
CONSUMER DISCRETIONARY 0.8%
B&M European Value Retail SA	6,187	21
Berkeley Group Holdings PLC	597	22
Burberry Group PLC	1,472	30
Compass Group PLC	10,507	209
Frasers Group PLC(a)	3,731	28
Greggs PLC	1,439	27
Halfords Group PLC	6,571	10
Inchcape PLC	3,437	26
Kingfisher PLC	65,578	160
Mitchells & Butlers PLC(a)	10,358	13
Next PLC	939	50
Persimmon PLC	1,979	27
Pets at Home Group PLC	5,526	16
Taylor Wimpey PLC	16,832	16
		655
CONSUMER STAPLES 2.8%
Associated British Foods PLC	4,149	58
British American Tobacco PLC	7,959	285
Cranswick PLC	642	19
Diageo PLC	11,485	483
Imperial Brands PLC	13,502	278
J Sainsbury PLC	42,618	83
Marks & Spencer Group PLC(a)	38,527	42
Premier Foods PLC	21,861	23
Reckitt Benckiser Group PLC	6,957	461
Tate & Lyle PLC	5,220	39
Tesco PLC	97,491	224
Unilever PLC	8,982	395
		2,390
ENERGY 2.2%
BP PLC	232,959	1,113
Shell PLC	26,606	660
Subsea 7 SA	7,730	61
		1,834
FINANCIALS 1.2%
3i Group PLC	3,513	42
Admiral Group PLC	1,777	38
Direct Line Insurance Group PLC	28,734	59
HSBC Holdings PLC	81,647	423
IG Group Holdings PLC	3,771	32
M&G PLC	45,213	83
Man Group PLC	15,287	38
NatWest Group PLC	29,920	75
Provident Financial PLC	7,427	14
Schroders PLC	4,300	18
Standard Chartered PLC	37,838	237
		1,059
HEALTH CARE 2.2%
AstraZeneca PLC	11,388	1,252
ConvaTec Group PLC	11,467	26
GSK PLC	33,085	478
Indivior PLC(a)	12,083	38

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

Smith & Nephew PLC	3,238	37
		1,831
INDUSTRIALS 1.7%
Ashtead Group PLC	1,822	82
BAE Systems PLC	38,989	342
Balfour Beatty PLC	9,043	31
Bunzl PLC	2,479	76
CNH Industrial NV	5,432	61
Diploma PLC	1,029	26
Ferguson PLC	809	84
Firstgroup PLC	27,567	32
Howden Joinery Group PLC	5,250	29
IMI PLC	2,345	29
International Consolidated Airlines Group SA	57,060	59
Morgan Sindall Group PLC	1,167	19
Pagegroup PLC	4,277	18
RELX PLC	13,170	322
Rentokil Initial PLC	8,273	44
Royal Mail PLC	20,659	42
RS GROUP PLC	3,637	39
Spirax-Sarco Engineering PLC	420	48
Travis Perkins PLC	2,237	19
		1,402
INFORMATION TECHNOLOGY 0.1%
Computacenter PLC	947	21
Micro Focus International PLC	8,695	50
		71
MATERIALS 0.6%
Anglo American PLC	2,723	82
Croda International PLC	873	62
Johnson Matthey PLC	2,152	43
Rio Tinto PLC	5,802	314
		501
REAL ESTATE 0.0%
Grainger PLC	5,726	15
Savills PLC	1,965	17
		32
UTILITIES 0.9%
Centrica PLC	142,540	112
Drax Group PLC	7,691	51
National Grid PLC	35,950	370
Severn Trent PLC	1,094	29
SSE PLC	8,765	148
United Utilities Group PLC	6,810	67
		777
Total United Kingdom		11,372
Total Common Stocks (Cost $92,562)		81,518
PREFERRED STOCKS 0.8%
GERMANY 0.8%
CONSUMER DISCRETIONARY 0.5%
Schaeffler AG	4,224	19
Volkswagen AG	3,361	410
		429
HEALTH CARE 0.1%
Sartorius AG	113	39
INDUSTRIALS 0.2%
Fuchs Petrolub SE	2,279	58

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

Henkel AG & Co. KGaA	2,092	124
		182
Total Preferred Stocks (Cost $956)		650
REAL ESTATE INVESTMENT TRUSTS 1.7%
AUSTRALIA 0.1%
REAL ESTATE 0.1%
GPT Group	9,884	24
Stockland	11,461	24
Vicinity Centres	16,421	18
		66
Total Australia		66
BELGIUM 0.1%
REAL ESTATE 0.1%
Cofinimmo SA	234	20
Retail Estates REIT	397	22
Warehouses De Pauw CVA	943	23
		65
Total Belgium		65
CANADA 0.1%
REAL ESTATE 0.1%
Allied Properties Real Estate Investment Trust	950	19
Canadian Apartment Properties REIT	806	25
Dream Office Real Estate Investment Trust	1,455	17
Granite Real Estate Investment Trust	583	28
		89
Total Canada		89
FRANCE 0.1%
REAL ESTATE 0.1%
Klepierre SA	1,536	27
Unibail-Rodamco-Westfield(a)	635	26
		53
Total France		53
HONG KONG 0.1%
REAL ESTATE 0.1%
Fortune REIT	29,000	21
Link REIT	8,100	57
		78
Total Hong Kong		78
JAPAN 0.9%
REAL ESTATE 0.9%
Activia Properties, Inc.	7	20
Advance Residence Investment Corp.	14	34
AEON REIT Investment Corp.	28	30
Daiwa House REIT Investment Corp.	13	27
Daiwa Office Investment Corp.	2	9
Daiwa Securities Living Investments Corp.	43	34
Frontier Real Estate Investment Corp.	2	7
Fukuoka REIT Corp.	20	23
GLP J-Reit	26	29
Hulic Reit, Inc.	20	23
Industrial & Infrastructure Fund Investment Corp.	20	23
Invincible Investment Corp.	99	31
Japan Excellent, Inc.	27	25
Japan Hotel REIT Investment Corp.	124	62
Japan Logistics Fund, Inc.	14	30
Japan Metropolitan Fund Invest	58	43
Japan Prime Realty Investment Corp.	8	22
Japan Real Estate Investment Corp.	7	29
Kenedix Office Investment Corp.	5	24

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

Mori Hills REIT Investment Corp.	21		23
Mori Trust Sogo Reit, Inc.	27		26
Nippon Accommodations Fund, Inc.	3		14
Nippon Building Fund, Inc.	9		40
Nippon Prologis REIT, Inc.	13		28
Nomura Real Estate Master Fund, Inc.	28		31
NTT UD REIT Investment Corp.	30		31
Orix JREIT, Inc.	25		32
Sekisui House Reit, Inc.	50		28
United Urban Investment Corp.	29		30
			808
Total Japan			808
SINGAPORE 0.1%
REAL ESTATE 0.1%
Ascendas Real Estate Investment Trust	23,500		44
CapitaLand Integrated Commercial Trust	19,300		26
Keppel DC REIT	18,900		22
Mapletree Industrial Trust	17,035		28
			120
Total Singapore			120
SPAIN 0.0%
REAL ESTATE 0.0%
Inmobiliaria Colonial Socimi SA	1,958		9
Total Spain			9
UNITED KINGDOM 0.2%
REAL ESTATE 0.2%
Assura PLC	21,613		13
Big Yellow Group PLC	1,681		20
Great Portland Estates PLC	2,864		14
LondonMetric Property PLC	10,516		20
Segro PLC	4,547		38
Tritax Big Box REIT PLC	21,560		33
			138
Total United Kingdom			138
Total Real Estate Investment Trusts (Cost $1,835)			1,426
SHORT-TERM INSTRUMENTS 0.2%
REPURCHASE AGREEMENTS (b) 0.2%			200
Total Short-Term Instruments (Cost $200)			200
Total Investments in Securities (Cost $95,553)			83,794
Total Investments 99.2% (Cost $95,553)		$	83,794
Other Assets and Liabilities, net 0.8%			702
Net Assets 100.0%		$	84,496

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (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).
(a)		Security did not produce income within the last twelve months.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(b)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date	Maturity Date		Principal Amount		Collateralized By						Collateral (Received)				Repurchase Agreements, at Value			Repurchase Agreement Proceeds to be Received(1)
FICC			1.150%	09/30/2022	10/03/2022	$	200		U.S. Treasury Bills 0.000% due 03/30/2023					$		(204)		$		200	$		200
Total Repurchase Agreements														$		(204)		$		200	$		200
(1)		Includes accrued interest.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1			Level 2		Level 3				Fair Value at 09/30/2022
Investments in Securities, at Value
Common Stocks
	Australia
		Communication Services						$		0	$	415	$	0			$			415
		Consumer Discretionary								0		360		0						360
		Consumer Staples								55		459		0						514
		Energy								98		326		0						424
		Financials								0		579		0						579
		Health Care								0		154		0						154
		Industrials								143		150		0						293
		Information Technology								0		47		0						47
		Materials								444		522		0						966
		Real Estate								0		35		0						35
		Utilities								0		220		0						220
	Austria
		Energy								0		61		0						61
		Financials								0		24		0						24
		Industrials								0		28		0						28
		Information Technology								0		9		0						9
		Materials								0		20		0						20
		Real Estate								0		38		0						38
		Utilities								0		27		0						27
	Belgium
		Communication Services								0		33		0						33
		Consumer Discretionary								0		16		0						16
		Consumer Staples								34		61		0						95
		Energy								15		0		0						15
		Financials								0		57		0						57
		Health Care								0		74		0						74
		Industrials								0		23		0						23
		Information Technology								0		32		0						32
		Materials								0		23		0						23
	Canada
		Communication Services								458		0		0						458
		Consumer Discretionary								468		0		0						468
		Consumer Staples								663		0		0						663
		Energy								1,381		0		0						1,381
		Financials								710		0		0						710
		Health Care								15		0		0						15
		Industrials								904		0		0						904
		Information Technology								214		0		0						214
		Materials								863		0		0						863
		Real Estate								66		0		0						66
		Utilities								494		0		0						494
	Chile
		Materials								0		18		0						18
	Denmark
		Consumer Discretionary								0		17		0						17
		Consumer Staples								0		121		0						121
		Financials								34		58		0						92
		Health Care								0		1,099		0						1,099
		Industrials								284		213		0						497

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

	Materials	0	94	0	94
	Utilities	48	0	0	48
Finland
	Communication Services	0	55	0	55
	Consumer Staples	88	0	0	88
	Energy	0	102	0	102
	Financials	0	269	0	269
	Health Care	56	0	0	56
	Industrials	0	72	0	72
	Information Technology	0	119	0	119
	Materials	77	101	0	178
	Real Estate	0	52	0	52
	Utilities	0	38	0	38
France
	Communication Services	556	228	0	784
	Consumer Discretionary	77	729	0	806
	Consumer Staples	354	458	0	812
	Energy	0	661	0	661
	Financials	0	615	0	615
	Health Care	0	537	0	537
	Industrials	0	1,115	0	1,115
	Information Technology	0	69	0	69
	Materials	0	143	0	143
	Utilities	381	264	0	645
Germany
	Communication Services	36	202	0	238
	Consumer Discretionary	547	628	0	1,175
	Consumer Staples	34	82	0	116
	Financials	0	831	0	831
	Health Care	0	295	0	295
	Industrials	0	397	0	397
	Information Technology	0	164	0	164
	Materials	0	365	0	365
	Real Estate	0	92	0	92
	Utilities	13	303	0	316
Hong Kong
	Communication Services	24	102	0	126
	Consumer Discretionary	0	105	0	105
	Consumer Staples	36	0	0	36
	Financials	0	34	0	34
	Industrials	113	330	0	443
	Information Technology	0	61	0	61
	Real Estate	199	267	0	466
	Utilities	18	135	0	153
Ireland
	Consumer Discretionary	27	0	0	27
	Consumer Staples	0	123	0	123
	Financials	0	39	0	39
	Health Care	452	0	0	452
	Industrials	88	131	0	219
	Materials	0	102	0	102
Israel
	Communication Services	72	0	0	72
	Consumer Staples	0	24	0	24
	Energy	72	73	0	145
	Financials	189	132	0	321
	Health Care	50	0	0	50
	Industrials	0	35	0	35
	Information Technology	86	29	0	115
	Materials	0	111	0	111
	Real Estate	0	48	0	48
Italy
	Communication Services	0	157	0	157
	Consumer Discretionary	0	130	0	130
	Consumer Staples	0	15	0	15
	Energy	637	21	0	658
	Financials	53	455	0	508
	Health Care	0	104	0	104
	Industrials	0	110	0	110
	Utilities	0	434	0	434
Japan
	Communication Services	590	1,409	0	1,999
	Consumer Discretionary	1,283	2,800	0	4,083
	Consumer Staples	461	1,989	0	2,450
	Energy	0	749	0	749
	Financials	158	1,454	0	1,612
	Health Care	359	1,204	0	1,563
	Industrials	409	4,856	0	5,265
	Information Technology	217	1,728	0	1,945
	Materials	110	1,406	0	1,516
	Real Estate	0	127	0	127
	Utilities	217	889	0	1,106
Luxembourg
	Communication Services	24	61	0	85
	Materials	0	325	0	325
Netherlands

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

		Communication Services	0	132	0	132
		Consumer Discretionary	0	263	0	263
		Consumer Staples	723	167	0	890
		Financials	70	664	0	734
		Health Care	46	0	0	46
		Industrials	173	255	0	428
		Information Technology	125	309	0	434
		Materials	0	337	0	337
	New Zealand
		Communication Services	0	44	0	44
		Health Care	0	25	0	25
		Industrials	27	27	0	54
		Real Estate	0	24	0	24
		Utilities	0	48	0	48
	Norway
		Communication Services	109	0	0	109
		Consumer Staples	0	151	0	151
		Energy	798	62	0	860
		Financials	0	85	0	85
		Industrials	0	54	0	54
		Information Technology	0	59	0	59
		Materials	208	0	0	208
		Real Estate	0	19	0	19
	Portugal
		Consumer Staples	49	0	0	49
		Utilities	0	339	0	339
	Singapore
		Communication Services	220	0	0	220
		Consumer Staples	54	113	0	167
		Energy	0	37	0	37
		Financials	0	383	0	383
		Industrials	27	298	0	325
		Information Technology	0	30	0	30
		Utilities	0	72	0	72
	South Africa
		Health Care	0	27	0	27
	Spain
		Communication Services	0	498	0	498
		Consumer Discretionary	0	90	0	90
		Consumer Staples	0	42	0	42
		Energy	0	520	0	520
		Financials	85	805	0	890
		Health Care	0	26	0	26
		Industrials	0	136	0	136
		Information Technology	0	42	0	42
		Materials	0	30	0	30
		Utilities	265	695	0	960
	Sweden
		Communication Services	224	50	0	274
		Consumer Discretionary	36	159	0	195
		Consumer Staples	0	294	0	294
		Energy	0	34	0	34
		Financials	94	133	0	227
		Industrials	0	532	0	532
		Information Technology	42	0	0	42
		Materials	17	173	0	190
		Real Estate	0	50	0	50
	Switzerland
		Communication Services	147	0	0	147
		Consumer Discretionary	58	273	0	331
		Consumer Staples	999	166	0	1,165
		Financials	108	1,177	0	1,285
		Health Care	0	1,100	0	1,100
		Industrials	288	434	0	722
		Information Technology	0	78	0	78
		Materials	32	1,114	0	1,146
		Real Estate	0	151	0	151
		Utilities	0	39	0	39
	United Kingdom
		Communication Services	120	700	0	820
		Consumer Discretionary	36	619	0	655
		Consumer Staples	23	2,367	0	2,390
		Energy	721	1,113	0	1,834
		Financials	97	962	0	1,059
		Health Care	478	1,353	0	1,831
		Industrials	73	1,329	0	1,402
		Information Technology	21	50	0	71
		Materials	314	187	0	501
		Real Estate	15	17	0	32
		Utilities	112	665	0	777
Preferred Stocks
	Germany
		Consumer Discretionary	0	429	0	429
		Health Care	0	39	0	39
		Industrials	0	182	0	182
Real Estate Investment Trusts

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2022 (Unaudited)

	Australia
		Real Estate		18		48		0		66
	Belgium
		Real Estate		0		65		0		65
	Canada
		Real Estate		89		0		0		89
	France
		Real Estate		0		53		0		53
	Hong Kong
		Real Estate		0		78		0		78
	Japan
		Real Estate		0		808		0		808
	Singapore
		Real Estate		44		76		0		120
	Spain
		Real Estate		0		9		0		9
	United Kingdom
		Real Estate		33		105		0		138
Short-Term Instruments
	Repurchase Agreements			0		200		0		200
Total Investments			$	22,772	$	61,022	$	0	$	83,794
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 99.9% ¤
COMMON STOCKS 96.0%
IRELAND 0.1%
INFORMATION TECHNOLOGY 0.1%
Accenture PLC 'A'	543	$	140
Total Ireland			140
SWITZERLAND 0.1%
FINANCIALS 0.1%
Chubb Ltd.	459		83
Total Switzerland			83
UNITED KINGDOM 0.3%
COMMUNICATION SERVICES 0.1%
Liberty Global PLC 'C'(a)	5,827		96
CONSUMER STAPLES 0.0%
Nomad Foods Ltd.(a)	26		0
ENERGY 0.0%
TechnipFMC PLC(a)	3,362		29
FINANCIALS 0.1%
Willis Towers Watson PLC	417		84
INDUSTRIALS 0.1%
Nvent Electric PLC	273		9
Pentair PLC	727		29
			38
MATERIALS 0.0%
Amcor PLC	3,130		34
Total United Kingdom			281
UNITED STATES 95.5%
COMMUNICATION SERVICES 4.3%
Activision Blizzard, Inc.	1,672		124
AMC Entertainment Holdings, Inc.(a)	1,102		3
AMC Entertainment Holdings, Inc. 'A'(a)	1,102		8
AMC Networks, Inc. 'A'(a)	637		13
AT&T, Inc.	76,063		1,167
Cable One, Inc.	12		10
Charter Communications, Inc. 'A'(a)	417		127
Cinemark Holdings, Inc.(a)	1,231		15
Comcast Corp. 'A'	19,766		580
Electronic Arts, Inc.	955		111
Fox Corp. 'A'	1,803		55
iHeartMedia, Inc. 'A'(a)	1,068		8
Interpublic Group of Cos., Inc.	1,992		51
John Wiley & Sons, Inc. 'A'	330		12
Liberty Broadband Corp. 'C'(a)	204		15
Liberty Media Corp.-Liberty Formula One 'C'(a)	361		21
Liberty Media Corp.-Liberty SiriusXM 'C'(a)	3,107		117
Live Nation Entertainment, Inc.(a)	249		19
Lumen Technologies, Inc.	22,314		162
New York Times Co. 'A'	311		9
News Corp. 'A'	3,154		48
Nexstar Media Group, Inc. 'A'	143		24
Omnicom Group, Inc.	1,534		97
Paramount Global	5,051		96

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2022 (Unaudited)

Scholastic Corp.	242	7
Sinclair Broadcast Group, Inc. 'A'	359	6
T-Mobile U.S., Inc.(a)	1,377	185
Take-Two Interactive Software, Inc.(a)	222	24
TEGNA, Inc.	2,254	47
Telephone & Data Systems, Inc.	1,533	21
Verizon Communications, Inc.	21,652	822
Walt Disney Co.(a)	1,256	118
Yelp, Inc.(a)	490	17
		4,139
CONSUMER DISCRETIONARY 11.6%
Abercrombie & Fitch Co. 'A'(a)	1,026	16
Academy Sports & Outdoors, Inc.	244	10
Adient PLC(a)	2,079	58
Adtalem Global Education, Inc.(a)	713	26
Advance Auto Parts, Inc.	174	27
American Axle & Manufacturing Holdings, Inc.(a)	1,981	14
American Eagle Outfitters, Inc.	2,644	26
Aramark	542	17
Asbury Automotive Group, Inc.(a)	342	52
AutoNation, Inc.(a)	1,242	127
AutoZone, Inc.(a)	88	188
Bath & Body Works, Inc.	567	18
Bed Bath & Beyond, Inc.(a)	6,430	39
Best Buy Co., Inc.	3,018	191
Big Lots, Inc.	365	6
Bloomin' Brands, Inc.	637	12
Booking Holdings, Inc.(a)	38	62
BorgWarner, Inc.	1,494	47
Bright Horizons Family Solutions, Inc.(a)	102	6
Brunswick Corp.	542	35
Buckle, Inc.	619	20
Carnival Corp.(a)	6,243	44
Carter's, Inc.	785	51
Cheesecake Factory, Inc.	453	13
Chipotle Mexican Grill, Inc.(a)	72	108
Churchill Downs, Inc.	130	24
Cracker Barrel Old Country Store, Inc.	385	36
Dana, Inc.	2,311	26
Darden Restaurants, Inc.	118	15
Dave & Buster's Entertainment, Inc.(a)	346	11
Deckers Outdoor Corp.(a)	112	35
Designer Brands, Inc.'A'	1,776	27
Dick's Sporting Goods, Inc.	1,466	153
Dillard's, Inc. 'A'	75	20
Dollar General Corp.	1,377	330
Dollar Tree, Inc.(a)	1,193	162
Domino's Pizza, Inc.	227	70
Dorman Products, Inc.(a)	168	14
eBay, Inc.	5,603	206
Foot Locker, Inc.	2,746	85
Ford Motor Co.	91,477	1,025
G-III Apparel Group Ltd.(a)	544	8
Gap, Inc.	7,259	60
General Motors Co.	24,731	794
Genesco, Inc.(a)	233	9
Gentex Corp.	1,350	32
Genuine Parts Co.	454	68
Goodyear Tire & Rubber Co.(a)	9,764	99
Graham Holdings Co. 'B'	30	16
Grand Canyon Education, Inc.(a)	198	16
Group 1 Automotive, Inc.	274	39
Guess?, Inc.	479	7
H&R Block, Inc.	2,751	117
Hanesbrands, Inc.	2,471	17
Harley-Davidson, Inc.	795	28
Hasbro, Inc.	131	9
Helen of Troy Ltd.(a)	67	6
Hilton Grand Vacations, Inc.(a)	420	14
Hilton Worldwide Holdings, Inc.	502	61
Home Depot, Inc.	1,104	305
International Game Technology PLC	1,004	16
Jack in the Box, Inc.	412	30
Kohl's Corp.	5,317	134
Kontoor Brands, Inc.	514	17
La-Z-Boy, Inc.	651	15
Las Vegas Sands Corp.(a)	1,301	49
LCI Industries	120	12
Lear Corp.	488	58
Leggett & Platt, Inc.	799	27
Lithia Motors, Inc.	74	16
LKQ Corp.	371	17
Lowe's Cos., Inc.	1,974	371
Macy's, Inc.	11,395	179

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2022 (Unaudited)

Marriott International, Inc. 'A'	616	86
Mattel, Inc.(a)	574	11
McDonald's Corp.	3,597	830
MDC Holdings, Inc.	378	10
Meritage Homes Corp.(a)	187	13
Murphy USA, Inc.	609	167
Newell Brands, Inc.	642	9
NIKE, Inc. 'B'	471	39
Nordstrom, Inc.	2,571	43
NVR, Inc.(a)	10	40
O'Reilly Automotive, Inc.(a)	408	287
ODP Corp.(a)	657	23
Penske Automotive Group, Inc.	630	62
Polaris, Inc.	179	17
Pool Corp.	208	66
PulteGroup, Inc.	2,165	81
PVH Corp.	419	19
Qurate Retail, Inc.	13,412	27
Ralph Lauren Corp.	570	48
Ross Stores, Inc.	128	11
Sally Beauty Holdings, Inc.(a)	1,926	24
Service Corp. International	911	53
Signet Jewelers Ltd.	927	53
Sonic Automotive, Inc. 'A'	257	11
Starbucks Corp.	376	32
Steven Madden Ltd.	443	12
Target Corp.	7,295	1,082
Taylor Morrison Home Corp. 'A'(a)	1,458	34
Tempur Sealy International, Inc.	1,225	30
Terminix Global Holdings, Inc.(a)	362	14
Tesla, Inc.(a)	3,571	947
Texas Roadhouse, Inc.	196	17
Thor Industries, Inc.	354	25
TJX Cos., Inc.	395	25
Toll Brothers, Inc.	1,301	55
TopBuild Corp.(a)	49	8
Tractor Supply Co.	479	89
Tri Pointe Homes, Inc.(a)	1,869	28
Ulta Beauty, Inc.(a)	204	82
Urban Outfitters, Inc.(a)	758	15
Vail Resorts, Inc.	174	38
VF Corp.	321	10
Vista Outdoor, Inc.(a)	256	6
Visteon Corp.(a)	270	29
Wendy's Co.	2,899	54
Whirlpool Corp.	878	118
Williams-Sonoma, Inc.	866	102
Wyndham Hotels & Resorts, Inc.	419	26
Yum! Brands, Inc.	1,437	153
		11,159
CONSUMER STAPLES 14.7%
Altria Group, Inc.	14,118	570
Andersons, Inc.	397	12
Archer-Daniels-Midland Co.	6,728	541
B&G Foods, Inc.	774	13
Boston Beer Co., Inc. 'A'(a)	35	11
Brown-Forman Corp. 'B'	938	63
Bunge Ltd.	3,259	269
Cal-Maine Foods, Inc.	630	35
Campbell Soup Co.	1,052	50
Casey's General Stores, Inc.	389	79
Central Garden & Pet Co. 'A'(a)	281	10
Church & Dwight Co., Inc.	1,188	85
Clorox Co.	486	62
Coca-Cola Co.	20,189	1,131
Colgate-Palmolive Co.	4,164	293
Conagra Brands, Inc.	2,517	82
Constellation Brands, Inc. 'A'	621	143
Costco Wholesale Corp.	2,276	1,075
Edgewell Personal Care Co.	732	27
Estee Lauder Cos., Inc. 'A'	303	65
Flowers Foods, Inc.	1,277	32
Fresh Del Monte Produce, Inc.	424	10
General Mills, Inc.	3,835	294
Hain Celestial Group, Inc.(a)	384	7
Herbalife Nutrition Ltd.(a)	513	10
Hershey Co.	605	133
Hormel Foods Corp.	1,418	64
Ingles Markets, Inc. 'A'	186	15
Ingredion, Inc.	830	67
J M Smucker Co.	845	116
Kellogg Co.	1,973	137
Keurig Dr Pepper, Inc.	3,623	130
Kimberly-Clark Corp.	1,852	208

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2022 (Unaudited)

Kraft Heinz Co.	9,238	308
Kroger Co.	11,537	505
Lamb Weston Holdings, Inc.	741	57
Lancaster Colony Corp.	130	20
McCormick & Co., Inc.	878	63
Molson Coors Beverage Co. 'B'	3,289	158
Mondelez International, Inc. 'A'	7,518	412
Monster Beverage Corp.(a)	416	36
National Beverage Corp.	171	7
Nu Skin Enterprises, Inc. 'A'	1,061	35
PepsiCo, Inc.	7,715	1,260
Performance Food Group Co.(a)	1,010	43
Philip Morris International, Inc.	9,554	793
Post Holdings, Inc.(a)	503	41
PriceSmart, Inc.	170	10
Procter & Gamble Co.	11,940	1,507
SpartanNash Co.	504	15
Sprouts Farmers Market, Inc.(a)	2,930	81
Sysco Corp.	1,476	104
TreeHouse Foods, Inc.(a)	657	28
Tyson Foods, Inc. 'A'	3,805	251
U.S. Foods Holding Corp.(a)	2,276	60
United Natural Foods, Inc.(a)	737	25
Universal Corp.	189	9
USANA Health Sciences, Inc.(a)	114	6
Vector Group Ltd.	1,715	15
Walgreens Boots Alliance, Inc.	13,210	415
Walmart, Inc.	15,538	2,015
Weis Markets, Inc.	129	9
		14,127
ENERGY 13.0%
Antero Resources Corp.(a)	3,688	113
APA Corp.	928	32
Arch Resources, Inc.	62	7
Archrock, Inc.	1,457	9
Baker Hughes Co.	12,484	262
Cheniere Energy, Inc.	362	60
Chevron Corp.	17,538	2,520
CNX Resources Corp.(a)	1,923	30
ConocoPhillips	8,013	820
Coterra Energy, Inc.	2,245	59
CVR Energy, Inc.	586	17
Delek U.S. Holdings, Inc.	2,099	57
Devon Energy Corp.	3,500	210
Diamondback Energy, Inc.	287	35
Dril-Quip, Inc.(a)	374	7
DT Midstream, Inc.(a)	158	8
EOG Resources, Inc.	884	99
EQT Corp.	548	22
Equitrans Midstream Corp.	1,410	11
Exxon Mobil Corp.	32,462	2,834
Halliburton Co.	1,264	31
Helmerich & Payne, Inc.	1,408	52
Hess Corp.	1,157	126
Kinder Morgan, Inc.	7,621	127
Kosmos Energy Ltd.(a)	1,978	10
Marathon Oil Corp.	16,048	362
Marathon Petroleum Corp.	11,368	1,129
Matador Resources Co.	180	9
Murphy Oil Corp.	2,223	78
Nabors Industries Ltd.(a)	78	8
NOV, Inc.	7,892	128
Occidental Petroleum Corp.	9,350	575
Oceaneering International, Inc.(a)	1,231	10
ONEOK, Inc.	650	33
Ovintiv, Inc.	687	32
Patterson-UTI Energy, Inc.	4,534	53
PBF Energy, Inc. 'A'(a)	4,320	152
PDC Energy, Inc.	160	9
Peabody Energy Corp.(a)	1,326	33
Permian Resources Corp.(a)	1,980	13
Phillips 66	7,902	638
Pioneer Natural Resources Co.	346	75
Range Resources Corp.	2,017	51
Schlumberger NV	6,802	244
SM Energy Co.	2,033	76
Targa Resources Corp.	1,328	80
Transocean Ltd.(a)	18,549	46
Valero Energy Corp.	10,240	1,094
Williams Cos., Inc.	1,848	53

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2022 (Unaudited)

World Fuel Services Corp.	1,166	27
		12,566
FINANCIALS 10.4%
Affiliated Managers Group, Inc.	305	34
Aflac, Inc.	1,990	112
Alleghany Corp.(a)	18	15
Allstate Corp.	3,774	470
Ally Financial, Inc.	5,715	159
American Equity Investment Life Holding Co.	482	18
American Express Co.	834	113
American Financial Group, Inc.	116	14
American International Group, Inc.	10,000	475
Ameriprise Financial, Inc.	167	42
Aon PLC 'A'	543	145
Ares Management Corp.	543	34
Arthur J Gallagher & Co.	855	146
Artisan Partners Asset Management, Inc. 'A'	326	9
Assurant, Inc.	87	13
Bank of New York Mellon Corp.	5,212	201
Berkshire Hathaway, Inc. 'B'(a)	2,464	658
Blackstone, Inc.	635	53
Brighthouse Financial, Inc.(a)	983	43
Brightsphere Investment Group, Inc.	571	9
Brown & Brown, Inc.	1,066	64
Capital One Financial Corp.	5,370	495
Capitol Federal Financial, Inc.	870	7
Citigroup, Inc.	29,827	1,243
CME Group, Inc.	1,340	237
CNO Financial Group, Inc.	1,402	25
Comerica, Inc.	196	14
Commerce Bancshares, Inc.	180	12
Cullen/Frost Bankers, Inc.	93	12
Discover Financial Services	1,536	140
East West Bancorp, Inc.	228	15
Erie Indemnity Co. 'A'	113	25
Evercore, Inc. 'A'	220	18
FactSet Research Systems, Inc.	116	46
Federated Hermes, Inc. 'B'	754	25
Fidelity National Financial, Inc.	705	26
First American Financial Corp.	962	44
First Horizon Corp.	525	12
Franklin Resources, Inc.	5,854	126
Genworth Financial, Inc. 'A'(a)	7,818	27
Glacier Bancorp, Inc.	206	10
Globe Life, Inc.	104	10
Goldman Sachs Group, Inc.	914	268
Hanover Insurance Group, Inc.	305	39
Houlihan Lokey, Inc.	315	24
Interactive Brokers Group, Inc. 'A'	316	20
Intercontinental Exchange, Inc.	1,356	123
Invesco Ltd.	7,646	105
Jackson Financial, Inc.	371	10
Jefferies Financial Group, Inc.	2,017	60
Lincoln National Corp.	3,136	138
Loews Corp.	1,839	92
LPL Financial Holdings, Inc.	623	136
M&T Bank Corp.	267	47
Markel Corp.(a)	18	20
MarketAxess Holdings, Inc.	49	11
Marsh & McLennan Cos., Inc.	2,145	320
Mercury General Corp.	329	9
MetLife, Inc.	4,508	274
MGIC Investment Corp.	1,038	13
Moelis & Co. 'A'	232	8
Moody's Corp.	30	7
Morningstar, Inc.	107	23
MSCI, Inc.	139	59
Nasdaq, Inc.	746	42
Navient Corp.	3,888	57
Nelnet, Inc. 'A'	105	8
New York Community Bancorp, Inc.	3,464	30
Old Republic International Corp.	1,196	25
OneMain Holdings, Inc.	450	13
PacWest Bancorp	683	15
PRA Group, Inc.(a)	310	10
Principal Financial Group, Inc.	383	28
ProAssurance Corp.	517	10
Progressive Corp.	2,816	327
Prosperity Bancshares, Inc.	143	10
Prudential Financial, Inc.	3,733	320
Raymond James Financial, Inc.	282	28
Regions Financial Corp.	1,000	20
Reinsurance Group of America, Inc.	110	14
RLI Corp.	194	20

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2022 (Unaudited)

S&P Global, Inc.	102	31
SEI Investments Co.	866	42
SLM Corp.	1,551	22
South State Corp.	131	10
Stewart Information Services Corp.	370	16
Stifel Financial Corp.	164	9
Synchrony Financial	3,115	88
Synovus Financial Corp.	266	10
T Rowe Price Group, Inc.	355	37
Travelers Cos., Inc.	2,479	380
United Bankshares, Inc.	290	10
Unum Group	4,169	162
Valley National Bancorp	901	10
Virtu Financial, Inc. 'A'	646	13
Voya Financial, Inc.	166	10
Washington Federal, Inc.	350	10
Wells Fargo & Co.	23,416	942
White Mountains Insurance Group Ltd.	21	27
Wintrust Financial Corp.	121	10
WR Berkley Corp.	302	20
		10,038
HEALTH CARE 17.1%
AbbVie, Inc.	4,696	630
Acadia Healthcare Co., Inc.(a)	168	13
Align Technology, Inc.(a)	53	11
Alnylam Pharmaceuticals, Inc.(a)	202	40
AmerisourceBergen Corp.	375	51
Amgen, Inc.	2,990	674
AMN Healthcare Services, Inc.(a)	167	18
Baxter International, Inc.	2,272	122
Becton Dickinson & Co.	999	223
Bio-Rad Laboratories, Inc. 'A'(a)	49	20
Biogen, Inc.(a)	172	46
BioMarin Pharmaceutical, Inc.(a)	300	25
Boston Scientific Corp.(a)	2,166	84
Bristol-Myers Squibb Co.	11,534	820
Brookdale Senior Living, Inc.(a)	2,092	9
Bruker Corp.	221	12
Cardinal Health, Inc.	4,868	325
Centene Corp.(a)	868	67
Change Healthcare, Inc.	460	13
Chemed Corp.	110	48
Cigna Corp.	424	118
Cooper Cos., Inc.	93	25
CVS Health Corp.	10,295	982
Danaher Corp.	1,240	320
DaVita, Inc.(a)	1,580	131
Dentsply Sirona, Inc.	1,132	32
Elevance Health, Inc.	1,264	574
Eli Lilly & Co.	3,085	997
Encompass Health Corp.	511	23
Envista Holdings Corp.(a)	264	9
Exelixis, Inc.(a)	518	8
Gilead Sciences, Inc.	14,908	920
Haemonetics Corp.(a)	167	12
HCA Healthcare, Inc.	377	69
Henry Schein, Inc.(a)	900	59
Hologic, Inc.(a)	1,303	84
Humana, Inc.	414	201
IDEXX Laboratories, Inc.(a)	27	9
Incyte Corp.(a)	302	20
Ionis Pharmaceuticals, Inc.(a)	242	11
Johnson & Johnson	13,091	2,139
Laboratory Corp. of America Holdings	216	44
LHC Group, Inc.(a)	114	19
Masimo Corp.(a)	111	16
McKesson Corp.	2,235	760
Merck & Co., Inc.	19,090	1,644
Mettler-Toledo International, Inc.(a)	67	73
Moderna, Inc.(a)	76	9
Molina Healthcare, Inc.(a)	273	90
Myriad Genetics, Inc.(a)	780	15
Organon & Co.	3,090	72
Owens & Minor, Inc.	957	23
Patterson Cos., Inc.	1,090	26
Pediatrix Medical Group, Inc.(a)	1,067	18
Pfizer, Inc.	38,186	1,671
Premier, Inc. 'A'	774	26
Quest Diagnostics, Inc.	749	92
Regeneron Pharmaceuticals, Inc.(a)	219	151
ResMed, Inc.	415	91
Royalty Pharma PLC 'A'	919	37
Sarepta Therapeutics, Inc.(a)	136	15
Seagen, Inc.(a)	220	30

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2022 (Unaudited)

Select Medical Holdings Corp.	407	9
STERIS PLC	319	53
Teleflex, Inc.	72	14
Tenet Healthcare Corp.(a)	2,058	106
Thermo Fisher Scientific, Inc.	592	300
United Therapeutics Corp.(a)	592	124
UnitedHealth Group, Inc.	1,322	668
Universal Health Services, Inc. 'B'	225	20
Vertex Pharmaceuticals, Inc.(a)	384	111
Viatris, Inc.	7,485	64
Waters Corp.(a)	101	27
West Pharmaceutical Services, Inc.	71	17
Zoetis, Inc.	137	20
		16,449
INDUSTRIALS 8.8%
3M Co.	1,547	171
A O Smith Corp.	713	35
AAR Corp.(a)	368	13
ABM Industries, Inc.	851	32
Acuity Brands, Inc.	241	38
AECOM	1,164	80
Aerojet Rocketdyne Holdings, Inc.(a)	530	21
AGCO Corp.	777	75
Allison Transmission Holdings, Inc.	1,353	46
AMERCO	39	20
American Airlines Group, Inc.(a)	8,817	106
Apogee Enterprises, Inc.	274	10
Applied Industrial Technologies, Inc.	102	10
ArcBest Corp.	138	10
Arcosa, Inc.	274	16
Armstrong World Industries, Inc.	140	11
ASGN, Inc.(a)	80	7
Atlas Air Worldwide Holdings, Inc.(a)	416	40
Avis Budget Group, Inc.(a)	1,623	241
Boise Cascade Co.	365	22
Booz Allen Hamilton Holding Corp.	1,346	124
Builders FirstSource, Inc.(a)	434	26
BWX Technologies, Inc.	762	38
CACI International, Inc. 'A'(a)	166	43
Carlisle Cos., Inc.	79	22
Carrier Global Corp.	290	10
Caterpillar, Inc.	405	66
CH Robinson Worldwide, Inc.	1,328	128
Cintas Corp.	149	58
Clean Harbors, Inc.(a)	203	22
Comfort Systems USA, Inc.	100	10
Copart, Inc.(a)	476	51
CoreCivic, Inc.(a)	1,677	15
CSX Corp.	4,623	123
Cummins, Inc.	252	51
Curtiss-Wright Corp.	235	33
Delta Air Lines, Inc.(a)	202	6
Deluxe Corp.	389	6
Donaldson Co., Inc.	486	24
Dycom Industries, Inc.(a)	104	10
Emerson Electric Co.	701	51
Encore Wire Corp.	172	20
Equifax, Inc.	382	65
Expeditors International of Washington, Inc.	938	83
Fastenal Co.	1,319	61
Fluor Corp.(a)	3,393	84
Franklin Electric Co., Inc.	124	10
FTI Consulting, Inc.(a)	420	70
GATX Corp.	303	26
Generac Holdings, Inc.(a)	201	36
General Dynamics Corp.	368	78
General Electric Co.	6,614	409
GMS, Inc.(a)	266	11
Graco, Inc.	353	21
Granite Construction, Inc.	577	15
Greenbrier Cos., Inc.	930	23
Hawaiian Holdings, Inc.(a)	1,309	17
Healthcare Services Group, Inc.	1,056	13
HEICO Corp.	164	24
Hexcel Corp.	738	38
Hillenbrand, Inc.	265	10
HNI Corp.	355	9
Howmet Aerospace, Inc.	1,262	39
Hub Group, Inc. 'A'(a)	314	22
Hubbell, Inc.	142	32
Huntington Ingalls Industries, Inc.	90	20
IDEX Corp.	224	45
Illinois Tool Works, Inc.	655	118
Insperity, Inc.	162	17

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2022 (Unaudited)

ITT, Inc.	238	16
Jacobs Solutions, Inc.	589	64
JB Hunt Transport Services, Inc.	197	31
JetBlue Airways Corp.(a)	4,596	30
KAR Auction Services, Inc.(a)	2,042	23
KBR, Inc.	1,277	55
Knight-Swift Transportation Holdings, Inc.	1,140	56
L3Harris Technologies, Inc.	1,133	235
Landstar System, Inc.	278	40
Leidos Holdings, Inc.	622	54
Lennox International, Inc.	197	44
Lincoln Electric Holdings, Inc.	359	45
Lockheed Martin Corp.	1,557	601
ManpowerGroup, Inc.	895	58
Masco Corp.	483	23
Matson, Inc.	105	6
MDU Resources Group, Inc.	1,391	38
MillerKnoll, Inc.	433	7
Moog, Inc. 'A'	236	17
MSC Industrial Direct Co., Inc. 'A'	640	47
Mueller Industries, Inc.	526	31
Nielsen Holdings PLC	1,578	44
Nordson Corp.	184	39
Norfolk Southern Corp.	277	58
Northrop Grumman Corp.	932	438
NOW, Inc.(a)	1,333	13
Old Dominion Freight Line, Inc.	133	33
Oshkosh Corp.	406	29
Otis Worldwide Corp.	756	48
Owens Corning	541	42
PACCAR, Inc.	477	40
Parker-Hannifin Corp.	147	36
Pitney Bowes, Inc.	2,197	5
Primoris Services Corp.	422	7
Quanta Services, Inc.	990	126
Raytheon Technologies Corp.	2,253	184
Regal Rexnord Corp.	109	15
Republic Services, Inc.	1,111	151
Resideo Technologies, Inc.(a)	545	10
Robert Half International, Inc.	418	32
Rockwell Automation, Inc.	69	15
Rollins, Inc.	1,064	37
Rush Enterprises, Inc. 'A'	454	20
Ryder System, Inc.	807	61
Saia, Inc.(a)	41	8
Schneider National, Inc. 'B'	666	13
Simpson Manufacturing Co., Inc.	125	10
SkyWest, Inc.(a)	419	7
Snap-on, Inc.	132	27
Southwest Airlines Co.(a)	166	5
Spirit AeroSystems Holdings, Inc. 'A'	1,924	42
Steelcase, Inc. 'A'	1,190	8
Stericycle, Inc.(a)	295	12
Terex Corp.	932	28
Tetra Tech, Inc.	86	11
Timken Co.	511	30
Toro Co.	579	50
TransDigm Group, Inc.	73	38
TriNet Group, Inc.(a)	151	11
Trinity Industries, Inc.	1,115	24
TrueBlue, Inc.(a)	512	10
UFP Industries, Inc.	496	36
Union Pacific Corp.	1,775	346
United Airlines Holdings, Inc.(a)	870	28
United Parcel Service, Inc. 'B'	2,916	471
Valmont Industries, Inc.	37	10
Verisk Analytics, Inc.	756	129
Veritiv Corp.(a)	61	6
Wabtec Corp.	290	24
Waste Connections, Inc.	984	133
Waste Management, Inc.	1,909	306
Watsco, Inc.	305	78
Werner Enterprises, Inc.	1,123	42
WESCO International, Inc.(a)	972	116
WW Grainger, Inc.	116	57
Xylem, Inc.	287	25
		8,482
INFORMATION TECHNOLOGY 9.7%
Advanced Micro Devices, Inc.(a)	2,308	146
Akamai Technologies, Inc.(a)	443	36
Amdocs Ltd.	1,028	82
Amkor Technology, Inc.	666	11
Amphenol Corp. 'A'	602	40
Ansys, Inc.(a)	118	26

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2022 (Unaudited)

Apple, Inc.	9,333	1,290
Applied Materials, Inc.	1,018	83
Arista Networks, Inc.(a)	374	42
Arrow Electronics, Inc.(a)	1,190	110
Autodesk, Inc.(a)	87	16
Automatic Data Processing, Inc.	926	209
Avnet, Inc.	1,538	56
Belden, Inc.	323	19
Black Knight, Inc.(a)	474	31
Bread Financial Holdings, Inc.	1,631	51
Broadcom, Inc.	755	335
Broadridge Financial Solutions, Inc.	735	106
Cadence Design Systems, Inc.(a)	393	64
CDW Corp.	235	37
Ciena Corp.(a)	225	9
Cirrus Logic, Inc.(a)	272	19
Cisco Systems, Inc.	8,696	348
Citrix Systems, Inc.	796	83
Conduent, Inc.(a)	2,574	9
Corning, Inc.	9,718	282
CSG Systems International, Inc.	270	14
Dell Technologies, Inc. 'C'	64	2
Dolby Laboratories, Inc. 'A'	236	15
DXC Technology Co.(a)	3,058	75
EchoStar Corp. 'A'(a)	614	10
F5, Inc.(a)	182	26
Fair Isaac Corp.(a)	74	31
First Solar, Inc.(a)	177	23
Fiserv, Inc.(a)	788	74
Flex Ltd.(a)	2,513	42
Fortinet, Inc.(a)	548	27
Gartner, Inc.(a)	129	36
Genpact Ltd.	1,124	49
GoDaddy, Inc. 'A'(a)	264	19
Hewlett Packard Enterprise Co.	21,726	260
HP, Inc.	4,721	118
Insight Enterprises, Inc.(a)	223	18
International Business Machines Corp.	9,289	1,104
Intuit, Inc.	84	33
Jabil, Inc.	2,207	127
Jack Henry & Associates, Inc.	480	88
Juniper Networks, Inc.	7,813	204
KLA Corp.	359	109
Kyndryl Holdings, Inc.(a)	4,943	41
Lam Research Corp.	110	40
Littelfuse, Inc.	37	7
Lumentum Holdings, Inc.(a)	109	7
Manhattan Associates, Inc.(a)	101	13
Mastercard, Inc. 'A'	1,468	417
MAXIMUS, Inc.	554	32
Monolithic Power Systems, Inc.	68	25
Motorola Solutions, Inc.	1,483	332
National Instruments Corp.	284	11
NCR Corp.(a)	703	13
NetApp, Inc.	369	23
NetScout Systems, Inc.(a)	652	20
NortonLifeLock, Inc.	4,690	94
NVIDIA Corp.	253	31
ON Semiconductor Corp.(a)	653	41
Oracle Corp.	11,191	683
Palo Alto Networks, Inc.(a)	526	86
Paychex, Inc.	1,211	136
Plexus Corp.(a)	203	18
PTC, Inc.(a)	140	15
Pure Storage, Inc. 'A'(a)	457	13
QUALCOMM, Inc.	3,089	349
Roper Technologies, Inc.	57	21
Sanmina Corp.(a)	671	31
Science Applications International Corp.	257	23
Seagate Technology Holdings PLC	527	28
Skyworks Solutions, Inc.	185	16
Splunk, Inc.(a)	259	20
Super Micro Computer, Inc.(a)	281	15
Synaptics, Inc.(a)	230	23
Synopsys, Inc.(a)	203	62
Teledyne Technologies, Inc.(a)	129	44
Teradata Corp.(a)	614	19
Teradyne, Inc.	386	29
Texas Instruments, Inc.	742	115
Tyler Technologies, Inc.(a)	32	11
VeriSign, Inc.(a)	96	17
Visa, Inc. 'A'	658	117
Vishay Intertechnology, Inc.	1,432	25
VMware, Inc. 'A'	203	22
Western Digital Corp.(a)	2,578	84
Western Union Co.	1,581	21

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2022 (Unaudited)

WEX, Inc.(a)	98	12
Wolfspeed, Inc.(a)	223	23
Xerox Holdings Corp.	3,054	40
		9,309
MATERIALS 3.4%
Air Products & Chemicals, Inc.	264	61
Albemarle Corp.	225	60
Alcoa Corp.	3,769	127
AptarGroup, Inc.	318	30
Arconic Corp.(a)	787	13
Ashland, Inc.	82	8
ATI, Inc.(a)	594	16
Avery Dennison Corp.	261	43
Avient Corp.	349	11
Axalta Coating Systems Ltd.(a)	653	14
Ball Corp.	842	41
Berry Global Group, Inc.(a)	758	35
Cabot Corp.	473	30
Carpenter Technology Corp.	480	15
Celanese Corp.	197	18
CF Industries Holdings, Inc.	314	30
Chemours Co.	765	19
Commercial Metals Co.	1,564	56
Corteva, Inc.	1,400	80
Crown Holdings, Inc.	807	65
DuPont de Nemours, Inc.	3,214	162
Eastman Chemical Co.	288	20
Ecolab, Inc.	321	46
FMC Corp.	202	21
Graphic Packaging Holding Co.	4,447	88
Greif, Inc. 'A'	226	14
Huntsman Corp.	278	7
Innospec, Inc.	131	11
International Flavors & Fragrances, Inc.	476	43
Kaiser Aluminum Corp.	134	8
Louisiana-Pacific Corp.	744	38
LyondellBasell Industries NV 'A'	4,017	302
Mosaic Co.	9,961	481
NewMarket Corp.	47	14
Newmont Corp.	1,728	73
Nucor Corp.	1,478	158
O-I Glass, Inc.(a)	2,293	30
Olin Corp.	1,738	75
Packaging Corp. of America	112	13
PPG Industries, Inc.	229	25
Reliance Steel & Aluminum Co.	814	142
Royal Gold, Inc.	206	19
RPM International, Inc.	922	77
Scotts Miracle-Gro Co.	310	13
Sealed Air Corp.	1,761	78
Sensient Technologies Corp.	288	20
Sherwin-Williams Co.	355	73
Silgan Holdings, Inc.	705	30
Sonoco Products Co.	884	50
Steel Dynamics, Inc.	899	64
Stepan Co.	109	10
Sylvamo Corp.	865	29
United States Steel Corp.	3,995	72
Vulcan Materials Co.	191	30
Warrior Met Coal, Inc.	1,602	46
WestRock Co.	4,205	130
Worthington Industries, Inc.	234	9
		3,293
REAL ESTATE 0.0%
Anywhere Real Estate, Inc.(a)	2,319	19
DigitalBridge Group, Inc.	2,075	26
		45
UTILITIES 2.5%
AES Corp.	4,399	100
Alliant Energy Corp.	350	19
Ameren Corp.	389	31
American Electric Power Co., Inc.	1,417	123
Atmos Energy Corp.	224	23
Avista Corp.	482	18
CenterPoint Energy, Inc.	955	27
Clearway Energy, Inc. 'C'	766	24
CMS Energy Corp.	439	26
Consolidated Edison, Inc.	537	46
Dominion Energy, Inc.	1,927	133

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2022 (Unaudited)

DTE Energy Co.	257	30
Duke Energy Corp.	1,165	108
Edison International	579	33
Entergy Corp.	656	66
Essential Utilities, Inc.	372	15
Evergy, Inc.	1,000	59
Eversource Energy	515	40
Exelon Corp.	12,777	479
FirstEnergy Corp.	869	32
Hawaiian Electric Industries, Inc.	571	20
IDACORP, Inc.	82	8
National Fuel Gas Co.	624	38
NextEra Energy, Inc.	2,733	214
NiSource, Inc.	617	16
NRG Energy, Inc.	664	25
OGE Energy Corp.	329	12
Ormat Technologies, Inc.	203	18
PG&E Corp.(a)	2,938	37
Pinnacle West Capital Corp.	140	9
PNM Resources, Inc.	222	10
PPL Corp.	1,079	27
Public Service Enterprise Group, Inc.	1,855	104
Sempra Energy	476	71
Southern Co.	1,607	109
Southwest Gas Holdings, Inc.	201	14
Vistra Corp.	5,522	116
WEC Energy Group, Inc.	477	43
Xcel Energy, Inc.	825	53
		2,376
Total United States		91,983
Total Common Stocks (Cost $92,559)		92,487
REAL ESTATE INVESTMENT TRUSTS 3.2%
UNITED STATES 3.2%
FINANCIALS 0.3%
AGNC Investment Corp.	4,133	35
Annaly Capital Mangaement, Inc.	2,345	40
Apollo Commercial Real Estate Finance, Inc.	1,169	10
Blackstone Mortgage Trust, Inc. 'A'	1,105	26
Chimera Investment Corp.	3,403	18
Ladder Capital Corp. REIT	1,189	10
MFA Financial, Inc.	2,334	18
New York Mortgage Trust, Inc.	3,319	8
PennyMac Mortgage Investment Trust	2,451	29
Redwood Trust, Inc.	1,748	10
Rithm Capital Corp.	8,773	64
Starwood Property Trust, Inc.	2,262	41
Two Harbors Investment Corp.	4,240	14
		323
REAL ESTATE 2.9%
Agree Realty Corp.	121	8
Alexander & Baldwin, Inc.	642	11
American Homes 4 Rent 'A'	1,102	36
American Tower Corp.	1,121	241
Americold Realty Trust, Inc.	770	19
Apartment Income REIT Corp.	221	9
Apple Hospitality REIT, Inc.	2,261	32
Brandywine Realty Trust	1,501	10
Brixmor Property Group, Inc.	489	9
Camden Property Trust	516	62
Corporate Office Properties Trust	659	15
Cousins Properties, Inc.	756	18
Crown Castle, Inc.	938	136
CubeSmart	902	36
DiamondRock Hospitality Co.	1,647	12
Digital Realty Trust, Inc.	448	44
Douglas Emmett, Inc.	709	13
Duke Realty Corp.	1,986	96
EastGroup Properties, Inc.	136	20
Equinix, Inc.	157	89
Equity Commonwealth	795	19
Equity LifeStyle Properties, Inc.	560	35
Extra Space Storage, Inc.	494	85
Federal Realty Investment Trust	326	29
First Industrial Realty Trust, Inc.	521	23
Gaming & Leisure Properties, Inc.	1,394	62
Healthcare Realty Trust, Inc.	2,066	43
Highwoods Properties, Inc.	456	12
Host Hotels & Resorts, Inc.	3,082	49

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2022 (Unaudited)

Invitation Homes, Inc.	2,435		82
Iron Mountain, Inc.	1,654		73
Kilroy Realty Corp.	687		29
Kimco Realty Corp.	1,742		32
Kite Realty Group Trust	662		11
Lamar Advertising Co. 'A'	423		35
Life Storage, Inc.	378		42
LXP Industrial Trust	1,777		16
Macerich Co.	1,897		15
Medical Properties Trust, Inc.	1,362		16
National Retail Properties, Inc.	286		11
Office Properties Income Trust	559		8
Omega Healthcare Investors, Inc.	771		23
Paramount Group, Inc.	3,263		20
Park Hotels & Resorts, Inc.	4,485		51
Physicians Realty Trust	1,305		20
Piedmont Office Realty Trust, Inc. 'A'	1,323		14
Prologis, Inc.	1,854		188
Public Storage	649		190
Rayonier, Inc.	861		26
Realty Income Corp.	881		51
Regency Centers Corp.	799		43
Rexford Industrial Realty, Inc.	269		14
RLJ Lodging Trust	1,792		18
Ryman Hospitality Properties, Inc.	241		18
SBA Communications Corp.	218		62
Service Properties Trust	1,882		10
Simon Property Group, Inc.	329		30
SITE Centers Corp.	1,644		18
SL Green Realty Corp.	235		10
Spirit Realty Capital, Inc.	222		8
Sun Communities, Inc.	328		44
Sunstone Hotel Investors, Inc.	1,488		14
UDR, Inc.	1,338		56
Veris Residential, Inc.(a)	833		10
VICI Properties, Inc.	2,861		85
Washington REIT	682		12
Weyerhaeuser Co.	1,128		32
WP Carey, Inc.	989		69
Xenia Hotels & Resorts, Inc.	884		12
			2,791
Total Real Estate Investment Trusts (Cost $3,552)			3,114
SHORT-TERM INSTRUMENTS 0.7%
REPURCHASE AGREEMENTS (b) 0.7%			649
Total Short-Term Instruments (Cost $649)			649
Total Investments in Securities (Cost $96,760)			96,250
Total Investments 99.9% (Cost $96,760)		$	96,250
Other Assets and Liabilities, net 0.1%			104
Net Assets 100.0%		$	96,354

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2022 (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.
(a)		Security did not produce income within the last twelve months.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(b)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date	Maturity Date		Principal Amount		Collateralized By						Collateral (Received)				Repurchase Agreements, at Value			Repurchase Agreement Proceeds to be Received(1)
FICC			1.150%	09/30/2022	10/03/2022	$	649		U.S. Treasury Bills 0.000% due 03/30/2023					$		(662)		$		649	$		649
Total Repurchase Agreements														$		(662)		$		649	$		649
(1)		Includes accrued interest.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1			Level 2		Level 3				Fair Value at 09/30/2022
Investments in Securities, at Value
Common Stocks
	Ireland
		Information Technology						$		140	$	0	$	0			$			140
	Switzerland
		Financials								83		0		0						83
	United Kingdom
		Communication Services								96		0		0						96
		Energy								29		0		0						29
		Financials								84		0		0						84
		Industrials								38		0		0						38
		Materials								34		0		0						34
	United States
		Communication Services								4,139		0		0						4,139
		Consumer Discretionary								11,159		0		0						11,159
		Consumer Staples								14,127		0		0						14,127
		Energy								12,566		0		0						12,566
		Financials								10,038		0		0						10,038
		Health Care								16,449		0		0						16,449
		Industrials								8,482		0		0						8,482
		Information Technology								9,226		83		0						9,309
		Materials								3,293		0		0						3,293
		Real Estate								45		0		0						45
		Utilities								2,376		0		0						2,376
Real Estate Investment Trusts
	United States
		Financials								323		0		0						323
		Real Estate								2,791		0		0						2,791
Short-Term Instruments
	Repurchase Agreements									0		649		0						649
Total Investments								$		95,518	$	732	$	0			$			96,250
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO RAFI ESG U.S. ETF September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 99.2% ¤
COMMON STOCKS 97.6%
IRELAND 0.6%
INFORMATION TECHNOLOGY 0.6%
Accenture PLC 'A'	580	$	149
Total Ireland			149
UNITED KINGDOM 0.8%
COMMUNICATION SERVICES 0.1%
Liberty Global PLC 'C'(a)	1,751		29
CONSUMER DISCRETIONARY 0.0%
Capri Holdings Ltd.(a)	183		7
MATERIALS 0.7%
Amcor PLC	1,762		19
Linde PLC	599		161
			180
Total United Kingdom			216
UNITED STATES 96.2%
COMMUNICATION SERVICES 8.3%
AT&T, Inc.	49,052		753
Comcast Corp. 'A'	7,238		212
Electronic Arts, Inc.	539		62
Lumen Technologies, Inc.	5,114		37
Meta Platforms, Inc. 'A'(a)	1,841		250
Omnicom Group, Inc.	291		18
T-Mobile U.S., Inc.(a)	81		11
Verizon Communications, Inc.	15,672		595
Walt Disney Co.(a)	1,743		165
			2,103
CONSUMER DISCRETIONARY 7.3%
Adient PLC(a)	550		15
Advance Auto Parts, Inc.	43		7
Bed Bath & Beyond, Inc.(a)	1,104		7
Best Buy Co., Inc.	1,131		72
BorgWarner, Inc.	386		12
Dollar General Corp.	212		51
eBay, Inc.	2,197		81
Foot Locker, Inc.	253		8
Ford Motor Co.	17,921		201
Gap, Inc.	2,071		17
General Motors Co.	9,330		299
Genuine Parts Co.	106		16
Goodyear Tire & Rubber Co.(a)	2,939		30
Hilton Worldwide Holdings, Inc.	155		19
Home Depot, Inc.	1,063		293
Kohl's Corp.	724		18
Lear Corp.	236		28
LKQ Corp.	56		3
Lowe's Cos., Inc.	944		177
Macy's, Inc.	983		15
Marriott International, Inc. 'A'	283		40
Newell Brands, Inc.	832		11
NIKE, Inc. 'B'	622		52
O'Reilly Automotive, Inc.(a)	15		10
PVH Corp.	312		14
Ralph Lauren Corp.	69		6
Starbucks Corp.	399		34
Tapestry, Inc.	355		10
Target Corp.	1,168		173
Tesla, Inc.(a)	13		3

Schedule of Investments PIMCO RAFI ESG U.S. ETF(Cont.) September 30, 2022 (Unaudited)

TJX Cos., Inc.	1,152	72
VF Corp.	731	22
Whirlpool Corp.	227	31
		1,847
CONSUMER STAPLES 8.0%
Archer-Daniels-Midland Co.	1,870	150
Campbell Soup Co.	494	23
Church & Dwight Co., Inc.	55	4
Clorox Co.	228	29
Coca-Cola Co.	4,963	278
Colgate-Palmolive Co.	1,436	101
Conagra Brands, Inc.	929	30
Estee Lauder Cos., Inc. 'A'	82	18
General Mills, Inc.	1,205	92
Hershey Co.	114	25
Hormel Foods Corp.	236	11
Ingredion, Inc.	244	20
J M Smucker Co.	258	35
Kellogg Co.	665	46
Keurig Dr Pepper, Inc.	215	8
Kimberly-Clark Corp.	636	72
Kraft Heinz Co.	2,016	67
Kroger Co.	1,407	62
Molson Coors Beverage Co. 'B'	447	21
Mondelez International, Inc. 'A'	1,374	75
PepsiCo, Inc.	966	158
Procter & Gamble Co.	4,437	560
Sysco Corp.	1,055	75
Tyson Foods, Inc. 'A'	356	24
Walgreens Boots Alliance, Inc.	1,466	46
		2,030
FINANCIALS 15.3%
Aflac, Inc.	1,471	83
Allstate Corp.	813	101
American Express Co.	856	115
Ameriprise Financial, Inc.	210	53
Bank of America Corp.	18,204	550
Bank of New York Mellon Corp.	2,690	104
BlackRock, Inc.	158	87
Charles Schwab Corp.	148	11
Citigroup, Inc.	13,991	583
Equitable Holdings, Inc.	1,110	29
Goldman Sachs Group, Inc.	628	184
Hartford Financial Services Group, Inc.	736	46
JPMorgan Chase & Co.	6,345	663
Lincoln National Corp.	667	29
MetLife, Inc.	2,021	123
Moody's Corp.	64	16
Morgan Stanley	526	42
Nasdaq, Inc.	69	4
PNC Financial Services Group, Inc.	367	55
Principal Financial Group, Inc.	567	41
Prudential Financial, Inc.	1,591	136
S&P Global, Inc.	198	60
State Street Corp.	788	48
U.S. Bancorp	1,798	72
Wells Fargo & Co.	16,340	657
		3,892
HEALTH CARE 23.4%
Abbott Laboratories	1,840	178
AbbVie, Inc.	780	105
Agilent Technologies, Inc.	254	31
AmerisourceBergen Corp.	253	34
Amgen, Inc.	1,036	233
Baxter International, Inc.	1,055	57
Becton Dickinson & Co.	376	84
Biogen, Inc.(a)	543	145
Boston Scientific Corp.(a)	765	30
Bristol-Myers Squibb Co.	3,462	246
Cardinal Health, Inc.	1,721	115
Cigna Corp.	981	272
CVS Health Corp.	5,086	485
DaVita, Inc.(a)	323	27
Edwards Lifesciences Corp.(a)	272	22
Elevance Health, Inc.	685	311
Eli Lilly & Co.	567	183
Embecta Corp.	63	2
Gilead Sciences, Inc.	4,046	250
Henry Schein, Inc.(a)	53	3

Schedule of Investments PIMCO RAFI ESG U.S. ETF(Cont.) September 30, 2022 (Unaudited)

Humana, Inc.	414	201
Illumina, Inc.(a)	142	27
Intuitive Surgical, Inc.(a)	62	12
Johnson & Johnson	5,753	940
Laboratory Corp. of America Holdings	121	25
McKesson Corp.	463	157
Merck & Co., Inc.	6,503	560
Pfizer, Inc.	10,069	441
Quest Diagnostics, Inc.	324	40
Regeneron Pharmaceuticals, Inc.(a)	83	57
Stryker Corp.	170	34
UnitedHealth Group, Inc.	1,199	605
Waters Corp.(a)	81	22
Zimvie, Inc.(a)	195	2
		5,936
INDUSTRIALS 4.4%
3M Co.	1,678	185
American Airlines Group, Inc.(a)	1,652	20
Carrier Global Corp.	371	13
Cummins, Inc.	596	121
Deere & Co.	161	54
Dover Corp.	194	23
Eaton Corp. PLC	195	26
FedEx Corp.	382	57
Fortune Brands Home & Security, Inc.	100	5
Illinois Tool Works, Inc.	363	66
Johnson Controls International PLC	1,771	87
ManpowerGroup, Inc.	399	26
Nielsen Holdings PLC	1,639	45
Otis Worldwide Corp.	117	8
Owens Corning	378	30
Republic Services, Inc.	226	31
Rockwell Automation, Inc.	141	30
Stanley Black & Decker, Inc.	257	19
United Parcel Service, Inc. 'B'	727	117
United Rentals, Inc.(a)	118	32
Waste Management, Inc.	555	89
WW Grainger, Inc.	86	42
		1,126
INFORMATION TECHNOLOGY 26.9%
Adobe, Inc.(a)	239	66
Akamai Technologies, Inc.(a)	59	5
Amdocs Ltd.	263	21
Analog Devices, Inc.	429	60
Apple, Inc.	9,752	1,348
Applied Materials, Inc.	1,290	106
Arrow Electronics, Inc.(a)	306	28
Automatic Data Processing, Inc.	422	95
Avnet, Inc.	700	25
Bread Financial Holdings, Inc.	307	10
Broadcom, Inc.	54	24
Cadence Design Systems, Inc.(a)	139	23
CDW Corp.	156	24
Cisco Systems, Inc.	14,774	591
Citrix Systems, Inc.	219	23
Cognizant Technology Solutions Corp. 'A'	517	30
Corning, Inc.	2,099	61
Dell Technologies, Inc. 'C'	368	13
DXC Technology Co.(a)	1,152	28
F5, Inc.(a)	43	6
Fidelity National Information Services, Inc.	346	26
Fiserv, Inc.(a)	26	2
Flex Ltd.(a)	1,689	28
Hewlett Packard Enterprise Co.	10,196	122
HP, Inc.	4,455	111
Intel Corp.	24,903	642
International Business Machines Corp.	2,381	283
Intuit, Inc.	58	23
Jabil, Inc.	205	12
Juniper Networks, Inc.	1,625	42
Lam Research Corp.	143	52
Marvell Technology, Inc.	147	6
Mastercard, Inc. 'A'	428	122
Micron Technology, Inc.	2,979	149
Microsoft Corp.	5,300	1,234
Motorola Solutions, Inc.	204	46
NetApp, Inc.	739	46
NortonLifeLock, Inc.	1,602	32
NVIDIA Corp.	149	18
ON Semiconductor Corp.(a)	489	31
Oracle Corp.	4,569	279
PayPal Holdings, Inc.(a)	212	18

Schedule of Investments PIMCO RAFI ESG U.S. ETF(Cont.) September 30, 2022 (Unaudited)

QUALCOMM, Inc.	2,148		243
salesforce.com, Inc.(a)	436		63
Seagate Technology Holdings PLC	761		41
Skyworks Solutions, Inc.	198		17
Synopsys, Inc.(a)	34		10
TE Connectivity Ltd.	285		31
Texas Instruments, Inc.	1,341		208
Visa, Inc. 'A'	1,133		201
VMware, Inc. 'A'	239		25
Western Digital Corp.(a)	1,723		56
Western Union Co.	389		5
Xerox Holdings Corp.	1,869		24
			6,835
MATERIALS 2.1%
Air Products & Chemicals, Inc.	86		20
CF Industries Holdings, Inc.	110		11
Dow, Inc.	1,870		82
DuPont de Nemours, Inc.	1,845		93
Eastman Chemical Co.	441		31
Ecolab, Inc.	391		57
International Flavors & Fragrances, Inc.	164		15
International Paper Co.	1,294		41
Mosaic Co.	747		36
Newmont Corp.	1,200		50
Packaging Corp. of America	173		19
PPG Industries, Inc.	540		60
Sherwin-Williams Co.	132		27
			542
REAL ESTATE 0.2%
CBRE Group, Inc. 'A'(a)	495		33
Jones Lang LaSalle, Inc.(a)	78		12
			45
UTILITIES 0.3%
American Water Works Co., Inc.	228		30
Constellation Energy Corp.	96		8
Edison International	477		27
			65
Total United States			24,421
Total Common Stocks (Cost $28,367)			24,786
REAL ESTATE INVESTMENT TRUSTS 1.6%
UNITED STATES 1.6%
REAL ESTATE 1.6%
American Tower Corp.	172		37
AvalonBay Communities, Inc.	138		26
Equinix, Inc.	51		29
Equity Residential	452		30
Essex Property Trust, Inc.	66		16
Healthpeak Properties, Inc.	876		20
Host Hotels & Resorts, Inc.	2,628		42
Iron Mountain, Inc.	685		30
Mid-America Apartment Communities, Inc.	22		3
Prologis, Inc.	151		15
Ventas, Inc.	1,100		44
Welltower, Inc.	869		56
Weyerhaeuser Co.	2,058		59
			407
Total Real Estate Investment Trusts (Cost $494)			407
Total Investments in Securities (Cost $28,861)			25,193
Total Investments 99.2% (Cost $28,861)		$	25,193
Other Assets and Liabilities, net 0.8%			193
Net Assets 100.0%		$	25,386

Schedule of Investments PIMCO RAFI ESG U.S. ETF(Cont.) September 30, 2022 (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.
(a)		Security did not produce income within the last twelve months.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory			Level 1		Level 2		Level 3		Fair Value at 09/30/2022
Investments in Securities, at Value
Common Stocks
	Ireland
		Information Technology	$	149	$	0	$	0	$	149
	United Kingdom
		Communication Services		29		0		0		29
		Consumer Discretionary		7		0		0		7
		Materials		180		0		0		180
	United States
		Communication Services		2,103		0		0		2,103
		Consumer Discretionary		1,847		0		0		1,847
		Consumer Staples		2,030		0		0		2,030
		Financials		3,892		0		0		3,892
		Health Care		5,936		0		0		5,936
		Industrials		1,126		0		0		1,126
		Information Technology		6,812		23		0		6,835
		Materials		542		0		0		542
		Real Estate		45		0		0		45
		Utilities		65		0		0		65
Real Estate Investment Trusts
	United States
		Real Estate		407		0		0		407
Total Investments			$	25,170	$	23	$	0	$	25,193
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO REALPATH® Blend 2025 Fund September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 50.5% ¤
MUTUAL FUNDS 49.9%
Vanguard Developed Markets Index Fund 'Institutional'		3,465,892	$	40,516
Vanguard Emerging Markets Stock Index Fund 'Institutional'		642,188		14,867
Vanguard Institutional Index Fund 'Institutional'		193,307		58,686
Vanguard Small-Cap Index Fund 'Institutional'		48,187		3,946
Total Mutual Funds (Cost $124,823)				118,015
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.6%
REPURCHASE AGREEMENTS (d) 0.1%				275
U.S. TREASURY BILLS 0.5%
2.929% due 11/10/2022 - 12/15/2022 (a)(b)(g)	$	1,119		1,113
Total Short-Term Instruments (Cost $1,388)				1,388
Total Investments in Securities (Cost $126,211)				119,403
		SHARES
INVESTMENTS IN AFFILIATES 49.8%
MUTUAL FUNDS (c) 46.4%
PIMCO Emerging Markets Local Currency and Bond Fund		2,333,119		11,852
PIMCO High Yield Fund		712,354		5,307
PIMCO Income Fund		2,763,425		28,380
PIMCO International Bond Fund (U.S. Dollar-Hedged)		544,168		5,148
PIMCO Long-Term Real Return Fund		3,007,201		13,172
PIMCO Long-Term U.S. Government Fund		4,230,028		16,032
PIMCO Real Return Fund		705,673		6,993
PIMCO Total Return Fund		2,706,294		23,004
Total Mutual Funds (Cost $138,914)				109,888
SHORT-TERM INSTRUMENTS 3.4%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 3.4%
PIMCO Short-Term Floating NAV Portfolio III		813,190		7,895
Total Short-Term Instruments (Cost $7,895)				7,895
Total Investments in Affiliates (Cost $146,809)				117,783
Total Investments 100.3% (Cost $273,020)			$	237,186
Financial Derivative Instruments(e)(f)0.6%(Cost or Premiums, net $1,287)				1,542
Other Assets and Liabilities, net (0.9)%				(2,134)
Net Assets 100.0%			$	236,594

Schedule of Investments PIMCO REALPATH® Blend 2025 Fund(Cont.) September 30, 2022 (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.
(a)	Coupon represents a weighted average yield to maturity.
(b)	Zero coupon security.
(c)	Institutional Class Shares of each Fund.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(d)	REPURCHASE AGREEMENTS:
Counterparty		Lending Rate	Settlement Date			Maturity Date			Principal Amount		Collateralized By											Collateral (Received)								Repurchase Agreements, at Value							Repurchase Agreement Proceeds to be Received(1)
FICC		1.150%	09/30/2022			10/03/2022		$	275		U.S. Treasury Inflation Protected Securities 0.125% due 01/15/2023										$			(281)					$			275			$			275
Total Repurchase Agreements																					$			(281)					$			275			$			275
(1)	Includes accrued interest.
(e)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
PURCHASED OPTIONS:
OPTIONS ON INDICES
Description										Strike Value		Expiration Date				# of Contracts				Notional Amount							Cost									Market Value
Put - CBOE S&P 500										3,175.000		12/16/2022				13		$		1						$	117							$		78
Put - CBOE S&P 500										3,525.000		12/16/2022				25				3							333									373
Put - CBOE S&P 500										3,050.000		03/17/2023				14				1							120									126
Put - CBOE S&P 500										3,375.000		03/17/2023				27				3							339									442
Put - CBOE S&P 500										2,850.000		06/16/2023				45				5							505									419
Put - CBOE S&P 500										3,075.000		09/15/2023				41				4							497									659
Total Purchased Options																							$				1,911							$		2,097
WRITTEN OPTIONS:
OPTIONS ON INDICES
Description										Strike Value		Expiration Date				# of Contracts				Notional Amount							Premiums (Received)									Market Value
Put - CBOE S&P 500										2,625.000		12/16/2022				25		$		3						$	(117)							$		(41)
Put - CBOE S&P 500										2,500.000		03/17/2023				27				3							(119)									(96)
Put - CBOE S&P 500										2,200.000		06/16/2023				45				5							(210)									(160)
Put - CBOE S&P 500										2,350.000		09/15/2023				41				4							(178)									(236)
Total Written Options																							$				(624)							$		(533)
(f)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON EQUITY INDICES
																																Swap Agreements, at Value
Counterparty		Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date		Notional Amount				Premiums Paid/(Received)									Unrealized Appreciation/ (Depreciation)					Asset						Liability
JPM		Receive		FNRETR Index			316		3.480% (1-Month USD-LIBOR plus a specified spread)		Monthly		02/22/2023	$	6,032		$		0						$			(16)			$		0				$		(16)
		Receive		FNRETR Index			151		3.460% (1-Month USD-LIBOR plus a specified spread)		Monthly		08/23/2023		2,882				0									(6)					0						(6)
Total Swap Agreements																	$		0						$			(22)			$		0				$		(22)

Schedule of Investments PIMCO REALPATH® Blend 2025 Fund(Cont.) September 30, 2022 (Unaudited)

(g)		Securities with an aggregate market value of $1,113 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2022.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory			Level 1		Level 2		Level 3		Fair Value at 09/30/2022
Investments in Securities, at Value
Mutual Funds			$	118,015	$	0	$	0	$	118,015
Short-Term Instruments
	Repurchase Agreements			0		275		0		275
	U.S. Treasury Bills			0		1,113		0		1,113
			$	118,015	$	1,388	$	0	$	119,403
Investments in Affiliates, at Value
Mutual Funds				109,888		0		0		109,888
Short-Term Instruments
	Central Funds Used for Cash Management Purposes			7,895		0		0		7,895
			$	117,783	$	0	$	0	$	117,783
Total Investments			$	235,798	$	1,388	$	0	$	237,186
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared			$	0	$	2,097	$	0	$	2,097
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared				0		(533)		0		(533)
Over the counter				0		(22)		0		(22)
			$	0	$	(555)	$	0	$	(555)
Total Financial Derivative Instruments			$	0	$	1,542	$	0	$	1,542
Totals			$	235,798	$	2,930	$	0	$	238,728
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO REALPATH® Blend 2030 Fund September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 62.0% ¤
MUTUAL FUNDS 61.3%
Vanguard Developed Markets Index Fund 'Institutional'		4,707,347	$	55,029
Vanguard Emerging Markets Stock Index Fund 'Institutional'		915,583		21,196
Vanguard Institutional Index Fund 'Institutional'		289,947		88,025
Vanguard Small-Cap Index Fund 'Institutional'		94,202		7,714
Total Mutual Funds (Cost $182,621)				171,964
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.7%
REPURCHASE AGREEMENTS (d) 0.2%				535
U.S. TREASURY BILLS 0.5%
2.760% due 10/27/2022 - 12/15/2022 (a)(b)(g)	$	1,328		1,322
Total Short-Term Instruments (Cost $1,857)				1,857
Total Investments in Securities (Cost $184,478)				173,821
		SHARES
INVESTMENTS IN AFFILIATES 37.6%
MUTUAL FUNDS (c) 34.6%
PIMCO Emerging Markets Local Currency and Bond Fund		2,425,503		12,322
PIMCO High Yield Fund		675,500		5,032
PIMCO Income Fund		2,065,292		21,211
PIMCO International Bond Fund (U.S. Dollar-Hedged)		376,756		3,564
PIMCO Long-Term Real Return Fund		3,125,561		13,690
PIMCO Long-Term U.S. Government Fund		5,143,295		19,493
PIMCO Real Return Fund		545,721		5,408
PIMCO Total Return Fund		1,913,508		16,265
Total Mutual Funds (Cost $123,417)				96,985
SHORT-TERM INSTRUMENTS 3.0%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 3.0%
PIMCO Short-Term Floating NAV Portfolio III		862,730		8,376
Total Short-Term Instruments (Cost $8,374)				8,376
Total Investments in Affiliates (Cost $131,791)				105,361
Total Investments 99.6% (Cost $316,269)			$	279,182
Financial Derivative Instruments(e)(f)0.6%(Cost or Premiums, net $1,474)				1,765
Other Assets and Liabilities, net (0.2)%				(639)
Net Assets 100.0%			$	280,308

Schedule of Investments PIMCO REALPATH® Blend 2030 Fund(Cont.) September 30, 2022 (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.
(a)	Coupon represents a weighted average yield to maturity.
(b)	Zero coupon security.
(c)	Institutional Class Shares of each Fund.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(d)	REPURCHASE AGREEMENTS:
Counterparty		Lending Rate	Settlement Date			Maturity Date			Principal Amount		Collateralized By											Collateral (Received)								Repurchase Agreements, at Value							Repurchase Agreement Proceeds to be Received(1)
FICC		1.150%	09/30/2022			10/03/2022		$	535		U.S. Treasury Inflation Protected Securities 0.125% due 01/15/2023										$			(546)					$			535			$			535
Total Repurchase Agreements																					$			(546)					$			535			$			535
(1)	Includes accrued interest.
(e)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
PURCHASED OPTIONS:
OPTIONS ON INDICES
Description										Strike Value		Expiration Date				# of Contracts				Notional Amount							Cost									Market Value
Put - CBOE S&P 500										3,175.000		12/16/2022				15		$		2						$	135							$		91
Put - CBOE S&P 500										3,525.000		12/16/2022				28				3							373									418
Put - CBOE S&P 500										3,050.000		03/17/2023				16				2							137									145
Put - CBOE S&P 500										3,375.000		03/17/2023				31				3							389									507
Put - CBOE S&P 500										2,850.000		06/16/2023				51				5							573									474
Put - CBOE S&P 500										3,075.000		09/15/2023				48				5							582									771
Total Purchased Options																							$				2,189							$		2,406
WRITTEN OPTIONS:
OPTIONS ON INDICES
Description										Strike Value		Expiration Date				# of Contracts				Notional Amount							Premiums (Received)									Market Value
Put - CBOE S&P 500										2,625.000		12/16/2022				28		$		3						$	(131)							$		(47)
Put - CBOE S&P 500										2,500.000		03/17/2023				31				3							(137)									(110)
Put - CBOE S&P 500										2,200.000		06/16/2023				51				5							(238)									(181)
Put - CBOE S&P 500										2,350.000		09/15/2023				48				5							(209)									(276)
Total Written Options																							$				(715)							$		(614)
(f)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON EQUITY INDICES
																																Swap Agreements, at Value
Counterparty		Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date		Notional Amount				Premiums Paid/(Received)									Unrealized Appreciation/ (Depreciation)					Asset						Liability
JPM		Receive		FNRETR Index			375		3.480% (1-Month USD-LIBOR plus a specified spread)		Monthly		02/22/2023	$	7,158		$		0						$			(20)			$		0				$		(20)
		Receive		FNRETR Index			188		3.460% (1-Month USD-LIBOR plus a specified spread)		Monthly		08/23/2023		3,589				0									(7)					0						(7)
Total Swap Agreements																	$		0						$			(27)			$		0				$		(27)

Schedule of Investments PIMCO REALPATH® Blend 2030 Fund(Cont.) September 30, 2022 (Unaudited)

(g)		Securities with an aggregate market value of $1,323 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2022.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory			Level 1		Level 2		Level 3		Fair Value at 09/30/2022
Investments in Securities, at Value
Mutual Funds			$	171,964	$	0	$	0	$	171,964
Short-Term Instruments
	Repurchase Agreements			0		535		0		535
	U.S. Treasury Bills			0		1,322		0		1,322
			$	171,964	$	1,857	$	0	$	173,821
Investments in Affiliates, at Value
Mutual Funds				96,985		0		0		96,985
Short-Term Instruments
	Central Funds Used for Cash Management Purposes			8,376		0		0		8,376
			$	105,361	$	0	$	0	$	105,361
Total Investments			$	277,325	$	1,857	$	0	$	279,182
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared			$	0	$	2,406	$	0	$	2,406
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared				0		(614)		0		(614)
Over the counter				0		(27)		0		(27)
			$	0	$	(641)	$	0	$	(641)
Total Financial Derivative Instruments			$	0	$	1,765	$	0	$	1,765
Totals			$	277,325	$	3,622	$	0	$	280,947
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO REALPATH® Blend 2035 Fund September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 71.1% ¤
MUTUAL FUNDS 70.5%
Vanguard Developed Markets Index Fund 'Institutional'		4,952,622	$	57,896
Vanguard Emerging Markets Stock Index Fund 'Institutional'		909,416		21,053
Vanguard Institutional Index Fund 'Institutional'		304,245		92,366
Vanguard Small-Cap Index Fund 'Institutional'		109,493		8,966
Total Mutual Funds (Cost $194,719)				180,281
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.6%
REPURCHASE AGREEMENTS (d) 0.1%				373
U.S. TREASURY BILLS 0.5%
2.805% due 11/10/2022 - 12/15/2022 (a)(b)(f)	$	1,259		1,254
Total Short-Term Instruments (Cost $1,627)				1,627
Total Investments in Securities (Cost $196,346)				181,908
		SHARES
INVESTMENTS IN AFFILIATES 30.6%
MUTUAL FUNDS (c) 25.6%
PIMCO Emerging Markets Local Currency and Bond Fund		1,981,395		10,066
PIMCO High Yield Fund		436,965		3,255
PIMCO Income Fund		1,313,289		13,487
PIMCO International Bond Fund (U.S. Dollar-Hedged)		233,270		2,207
PIMCO Long-Term Real Return Fund		2,034,368		8,911
PIMCO Long-Term U.S. Government Fund		3,551,758		13,461
PIMCO Real Return Fund		371,344		3,680
PIMCO Total Return Fund		1,212,920		10,310
Total Mutual Funds (Cost $82,082)				65,377
SHORT-TERM INSTRUMENTS 5.0%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 5.0%
PIMCO Short-Term Floating NAV Portfolio III		1,324,502		12,859
Total Short-Term Instruments (Cost $12,859)				12,859
Total Investments in Affiliates (Cost $94,941)				78,236
Total Investments 101.7% (Cost $291,287)			$	260,144
Financial Derivative Instruments(e)(0.0)%(Cost or Premiums, net $0)				(26)
Other Assets and Liabilities, net (1.7)%				(4,265)
Net Assets 100.0%			$	255,853

Schedule of Investments PIMCO REALPATH® Blend 2035 Fund(Cont.) September 30, 2022 (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.
(a)		Coupon represents a weighted average yield to maturity.
(b)		Zero coupon security.
(c)		Institutional Class Shares of each Fund.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(d)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date			Maturity Date			Principal Amount		Collateralized By									Collateral (Received)						Repurchase Agreements, at Value					Repurchase Agreement Proceeds to be Received(1)
FICC			1.150%	09/30/2022			10/03/2022		$	373		U.S. Treasury Inflation Protected Securities 0.125% due 01/15/2023								$		(381)				$			373		$		373
Total Repurchase Agreements																				$		(381)				$			373		$		373
(1)		Includes accrued interest.
(e)		FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON EQUITY INDICES
																													Swap Agreements, at Value
Counterparty			Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date			Notional Amount		Premiums Paid/(Received)					Unrealized Appreciation/ (Depreciation)						Asset				Liability
JPM			Receive		FNRETR Index			399		3.480% (1-Month USD-LIBOR plus a specified spread)		Monthly		02/22/2023		$	7,616	$	0				$	(21)				$		0		$		(21)
			Receive		FNRETR Index			130		3.460% (1-Month USD-LIBOR plus a specified spread)		Monthly		08/23/2023			2,482		0					(5)						0				(5)
																		$	0				$	(26)				$		0		$		(26)
Total Swap Agreements																		$	0				$	(26)				$		0		$		(26)
(f)		Securities with an aggregate market value of $1,254 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2022.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory											Level 1				Level 2				Level 3						Fair Value at 09/30/2022
Investments in Securities, at Value
Mutual Funds											$		180,281		$		0		$	0					$				180,281
Short-Term Instruments
	Repurchase Agreements												0				373			0									373
	U.S. Treasury Bills												0				1,254			0									1,254
											$		180,281		$		1,627		$	0					$				181,908
Investments in Affiliates, at Value
Mutual Funds													65,377				0			0									65,377
Short-Term Instruments
	Central Funds Used for Cash Management Purposes												12,859				0			0									12,859
											$		78,236		$		0		$	0					$				78,236
Total Investments											$		258,517		$		1,627		$	0					$				260,144
Financial Derivative Instruments - Liabilities
Over the counter											$		0		$		(26)		$	0					$				(26)

Schedule of Investments PIMCO REALPATH® Blend 2035 Fund(Cont.) September 30, 2022 (Unaudited)

Total Financial Derivative Instruments	$	0	$	(26)	$	0	$	(26)
Totals	$	258,517	$	1,601	$	0	$	260,118
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO REALPATH® Blend 2040 Fund September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 78.9% ¤
MUTUAL FUNDS 78.1%
Vanguard Developed Markets Index Fund 'Institutional'		5,652,729	$	66,080
Vanguard Emerging Markets Stock Index Fund 'Institutional'		926,675		21,453
Vanguard Institutional Index Fund 'Institutional'		328,188		99,634
Vanguard Small-Cap Index Fund 'Institutional'		118,431		9,698
Total Mutual Funds (Cost $210,823)				196,865
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.8%
REPURCHASE AGREEMENTS (d) 0.3%				678
U.S. TREASURY BILLS 0.5%
2.764% due 10/27/2022 - 12/15/2022 (a)(b)(f)	$	1,309		1,304
Total Short-Term Instruments (Cost $1,982)				1,982
Total Investments in Securities (Cost $212,805)				198,847
		SHARES
INVESTMENTS IN AFFILIATES 21.8%
MUTUAL FUNDS (c) 17.7%
PIMCO Emerging Markets Local Currency and Bond Fund		1,662,775		8,447
PIMCO High Yield Fund		206,451		1,538
PIMCO Income Fund		814,580		8,365
PIMCO International Bond Fund (U.S. Dollar-Hedged)		152,106		1,439
PIMCO Long-Term Real Return Fund		1,406,111		6,159
PIMCO Long-Term U.S. Government Fund		2,451,655		9,292
PIMCO Real Return Fund		266,477		2,641
PIMCO Total Return Fund		805,771		6,849
Total Mutual Funds (Cost $56,496)				44,730
SHORT-TERM INSTRUMENTS 4.1%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.1%
PIMCO Short-Term Floating NAV Portfolio III		1,060,832		10,300
Total Short-Term Instruments (Cost $10,297)				10,300
Total Investments in Affiliates (Cost $66,793)				55,030
Total Investments 100.7% (Cost $279,598)			$	253,877
Financial Derivative Instruments(e)(0.0)%(Cost or Premiums, net $0)				(26)
Other Assets and Liabilities, net (0.7)%				(1,706)
Net Assets 100.0%			$	252,145

Schedule of Investments PIMCO REALPATH® Blend 2040 Fund(Cont.) September 30, 2022 (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.
(a)		Coupon represents a weighted average yield to maturity.
(b)		Zero coupon security.
(c)		Institutional Class Shares of each Fund.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(d)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date			Maturity Date			Principal Amount		Collateralized By									Collateral (Received)						Repurchase Agreements, at Value					Repurchase Agreement Proceeds to be Received(1)
FICC			1.150%	09/30/2022			10/03/2022		$	678		U.S. Treasury Inflation Protected Securities 0.125% due 01/15/2023								$		(692)				$			678		$		678
Total Repurchase Agreements																				$		(692)				$			678		$		678
(1)		Includes accrued interest.
(e)		FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON EQUITY INDICES
																													Swap Agreements, at Value
Counterparty			Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date			Notional Amount		Premiums Paid/(Received)					Unrealized Appreciation/ (Depreciation)						Asset				Liability
JPM			Receive		FNRETR Index			347		3.480% (1-Month USD-LIBOR plus a specified spread)		Monthly		02/22/2023		$	6,624	$	0				$	(18)				$		0		$		(18)
			Receive		FNRETR Index			191		3.460% (1-Month USD-LIBOR plus a specified spread)		Monthly		08/23/2023			3,646		0					(8)						0				(8)
Total Swap Agreements																		$	0				$	(26)				$		0		$		(26)
(f)		Securities with an aggregate market value of $1,304 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2022.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory											Level 1				Level 2				Level 3						Fair Value at 09/30/2022
Investments in Securities, at Value
Mutual Funds											$		196,865		$		0		$	0					$				196,865
Short-Term Instruments
	Repurchase Agreements												0				678			0									678
	U.S. Treasury Bills												0				1,304			0									1,304
											$		196,865		$		1,982		$	0					$				198,847
Investments in Affiliates, at Value
Mutual Funds													44,730				0			0									44,730
Short-Term Instruments
	Central Funds Used for Cash Management Purposes												10,300				0			0									10,300
											$		55,030		$		0		$	0					$				55,030
Total Investments											$		251,895		$		1,982		$	0					$				253,877
Financial Derivative Instruments - Liabilities
Over the counter											$		0		$		(26)		$	0					$				(26)
Total Financial Derivative Instruments											$		0		$		(26)		$	0					$				(26)

Schedule of Investments PIMCO REALPATH® Blend 2040 Fund(Cont.) September 30, 2022 (Unaudited)

Totals	$	251,895	$	1,956	$	0	$	253,851
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO REALPATH® Blend 2045 Fund September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 84.4% ¤
MUTUAL FUNDS 83.8%
Vanguard Developed Markets Index Fund 'Institutional'		5,860,668	$	68,511
Vanguard Emerging Markets Stock Index Fund 'Institutional'		843,662		19,531
Vanguard Institutional Index Fund 'Institutional'		322,168		97,807
Vanguard Small-Cap Index Fund 'Institutional'		117,113		9,590
Total Mutual Funds (Cost $210,057)				195,439
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.6%
REPURCHASE AGREEMENTS (d) 0.1%				241
U.S. TREASURY BILLS 0.5%
2.929% due 11/10/2022 - 12/15/2022 (a)(b)(f)	$	1,229		1,223
Total Short-Term Instruments (Cost $1,464)				1,464
Total Investments in Securities (Cost $211,521)				196,903
		SHARES
INVESTMENTS IN AFFILIATES 16.0%
MUTUAL FUNDS (c) 11.4%
PIMCO Emerging Markets Local Currency and Bond Fund		1,088,018		5,527
PIMCO High Yield Fund		36,282		270
PIMCO Income Fund		427,224		4,388
PIMCO International Bond Fund (U.S. Dollar-Hedged)		103,918		983
PIMCO Long-Term Real Return Fund		859,861		3,766
PIMCO Long-Term U.S. Government Fund		1,604,973		6,083
PIMCO Real Return Fund		151,499		1,502
PIMCO Total Return Fund		483,443		4,109
Total Mutual Funds (Cost $33,823)				26,628
SHORT-TERM INSTRUMENTS 4.6%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.6%
PIMCO Short-Term Floating NAV Portfolio III		1,105,148		10,730
Total Short-Term Instruments (Cost $10,727)				10,730
Total Investments in Affiliates (Cost $44,550)				37,358
Total Investments 100.4% (Cost $256,071)			$	234,261
Financial Derivative Instruments(e)(0.0)%(Cost or Premiums, net $0)				(25)
Other Assets and Liabilities, net (0.4)%				(818)
Net Assets 100.0%			$	233,418

Schedule of Investments PIMCO REALPATH® Blend 2045 Fund(Cont.) September 30, 2022 (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.
(a)		Coupon represents a weighted average yield to maturity.
(b)		Zero coupon security.
(c)		Institutional Class Shares of each Fund.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(d)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date			Maturity Date			Principal Amount		Collateralized By									Collateral (Received)						Repurchase Agreements, at Value					Repurchase Agreement Proceeds to be Received(1)
FICC			1.150%	09/30/2022			10/03/2022		$	241		U.S. Treasury Inflation Protected Securities 0.125% due 01/15/2023								$		(246)				$			241		$		241
Total Repurchase Agreements																				$		(246)				$			241		$		241
(1)		Includes accrued interest.
(e)		FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON EQUITY INDICES
																													Swap Agreements, at Value
Counterparty			Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date			Notional Amount		Premiums Paid/(Received)					Unrealized Appreciation/ (Depreciation)						Asset				Liability
JPM			Receive		FNRETR Index			331		3.480% (1-Month USD-LIBOR plus a specified spread)		Monthly		02/22/2023		$	6,318	$	0				$	(17)				$		0		$		(17)
			Receive		FNRETR Index			148		3.460% (1-Month USD-LIBOR plus a specified spread)		Monthly		08/23/2023			2,825		0					(8)						0				(8)
Total Swap Agreements																		$	0				$	(25)				$		0		$		(25)
(f)		Securities with an aggregate market value of $1,223 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2022.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory											Level 1				Level 2				Level 3						Fair Value at 09/30/2022
Investments in Securities, at Value
Mutual Funds											$		195,439		$		0		$	0					$				195,439
Short-Term Instruments
	Repurchase Agreements												0				241			0									241
	U.S. Treasury Bills												0				1,223			0									1,223
											$		195,439		$		1,464		$	0					$				196,903
Investments in Affiliates, at Value
Mutual Funds													26,628				0			0									26,628
Short-Term Instruments
	Central Funds Used for Cash Management Purposes												10,730				0			0									10,730
											$		37,358		$		0		$	0					$				37,358
Total Investments											$		232,797		$		1,464		$	0					$				234,261
Financial Derivative Instruments - Liabilities
Over the counter											$		0		$		(25)		$	0					$				(25)
Total Financial Derivative Instruments											$		0		$		(25)		$	0					$				(25)

Schedule of Investments PIMCO REALPATH® Blend 2045 Fund(Cont.) September 30, 2022 (Unaudited)

Totals	$	232,797	$	1,439	$	0	$	234,236
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO REALPATH® Blend 2050 Fund September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 88.2% ¤
MUTUAL FUNDS 87.6%
Vanguard Developed Markets Index Fund 'Institutional'		6,233,998	$	72,875
Vanguard Emerging Markets Stock Index Fund 'Institutional'		844,381		19,547
Vanguard Institutional Index Fund 'Institutional'		334,944		101,686
Vanguard Small-Cap Index Fund 'Institutional'		124,316		10,180
Total Mutual Funds (Cost $216,664)				204,288
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.6%
REPURCHASE AGREEMENTS (d) 0.1%				200
U.S. TREASURY BILLS 0.5%
2.926% due 11/10/2022 - 12/15/2022 (a)(b)(f)	$	1,239		1,233
Total Short-Term Instruments (Cost $1,432)				1,433
Total Investments in Securities (Cost $218,096)				205,721
		SHARES
INVESTMENTS IN AFFILIATES 12.2%
MUTUAL FUNDS (c) 7.6%
PIMCO Emerging Markets Local Currency and Bond Fund		722,049		3,668
PIMCO Income Fund		262,177		2,693
PIMCO International Bond Fund (U.S. Dollar-Hedged)		94,955		898
PIMCO Long-Term Real Return Fund		597,642		2,618
PIMCO Long-Term U.S. Government Fund		1,117,211		4,234
PIMCO Real Return Fund		101,346		1,004
PIMCO Total Return Fund		301,840		2,566
Total Mutual Funds (Cost $22,484)				17,681
SHORT-TERM INSTRUMENTS 4.6%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.6%
PIMCO Short-Term Floating NAV Portfolio III		1,111,534		10,792
Total Short-Term Instruments (Cost $10,792)				10,792
Total Investments in Affiliates (Cost $33,276)				28,473
Total Investments 100.4% (Cost $251,372)			$	234,194
Financial Derivative Instruments(e)(0.0)%(Cost or Premiums, net $0)				(25)
Other Assets and Liabilities, net (0.4)%				(832)
Net Assets 100.0%			$	233,337

Schedule of Investments PIMCO REALPATH® Blend 2050 Fund(Cont.) September 30, 2022 (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.
(a)		Coupon represents a weighted average yield to maturity.
(b)		Zero coupon security.
(c)		Institutional Class Shares of each Fund.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(d)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date			Maturity Date			Principal Amount		Collateralized By									Collateral (Received)						Repurchase Agreements, at Value					Repurchase Agreement Proceeds to be Received(1)
FICC			1.150%	09/30/2022			10/03/2022		$	200		U.S. Treasury Inflation Protected Securities 0.125% due 01/15/2023								$		(204)				$			200		$		200
Total Repurchase Agreements																				$		(204)				$			200		$		200
(1)		Includes accrued interest.
(e)		FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON EQUITY INDICES
																													Swap Agreements, at Value
Counterparty			Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date			Notional Amount		Premiums Paid/(Received)					Unrealized Appreciation/ (Depreciation)						Asset				Liability
JPM			Receive		FNRETR Index			319		3.480% (1-Month USD-LIBOR plus a specified spread)		Monthly		02/22/2023		$	6,089	$	0				$	(17)				$		0		$		(17)
			Receive		FNRETR Index			164		3.460% (1-Month USD-LIBOR plus a specified spread)		Monthly		08/23/2023			3,131		0					(8)						0				(8)
Total Swap Agreements																		$	0				$	(25)				$		0		$		(25)
(f)		Securities with an aggregate market value of $1,233 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2022.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory											Level 1				Level 2				Level 3						Fair Value at 09/30/2022
Investments in Securities, at Value
Mutual Funds											$		204,288		$		0		$	0					$				204,288
Short-Term Instruments
	Repurchase Agreements												0				200			0									200
	U.S. Treasury Bills												0				1,233			0									1,233
											$		204,288		$		1,433		$	0					$				205,721
Investments in Affiliates, at Value
Mutual Funds													17,681				0			0									17,681
Short-Term Instruments
	Central Funds Used for Cash Management Purposes												10,792				0			0									10,792
											$		28,473		$		0		$	0					$				28,473
Total Investments											$		232,761		$		1,433		$	0					$				234,194
Financial Derivative Instruments - Liabilities
Over the counter											$		0		$		(25)		$	0					$				(25)
Total Financial Derivative Instruments											$		0		$		(25)		$	0					$				(25)

Schedule of Investments PIMCO REALPATH® Blend 2050 Fund(Cont.) September 30, 2022 (Unaudited)

Totals	$	232,761	$	1,408	$	0	$	234,169
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO REALPATH® Blend 2055 Fund September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 89.4% ¤
MUTUAL FUNDS 88.6%
Vanguard Developed Markets Index Fund 'Institutional'		4,326,000	$	50,571
Vanguard Emerging Markets Stock Index Fund 'Institutional'		579,449		13,414
Vanguard Institutional Index Fund 'Institutional'		233,571		70,910
Vanguard Small-Cap Index Fund 'Institutional'		86,505		7,084
Total Mutual Funds (Cost $157,851)				141,979
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.8%
REPURCHASE AGREEMENTS (d) 0.2%				416
U.S. TREASURY BILLS 0.6%
2.907% due 11/10/2022 - 12/15/2022 (a)(b)(f)	$	936		932
Total Short-Term Instruments (Cost $1,347)				1,348
Total Investments in Securities (Cost $159,198)				143,327
		SHARES
INVESTMENTS IN AFFILIATES 10.8%
MUTUAL FUNDS (c) 6.5%
PIMCO Emerging Markets Local Currency and Bond Fund		432,678		2,198
PIMCO Income Fund		143,355		1,472
PIMCO International Bond Fund (U.S. Dollar-Hedged)		70,394		666
PIMCO Long-Term Real Return Fund		346,706		1,518
PIMCO Long-Term U.S. Government Fund		648,749		2,459
PIMCO Real Return Fund		63,172		626
PIMCO Total Return Fund		172,710		1,468
Total Mutual Funds (Cost $13,047)				10,407
SHORT-TERM INSTRUMENTS 4.3%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.3%
PIMCO Short-Term Floating NAV Portfolio III		705,615		6,851
Total Short-Term Instruments (Cost $6,849)				6,851
Total Investments in Affiliates (Cost $19,896)				17,258
Total Investments 100.2% (Cost $179,094)			$	160,585
Financial Derivative Instruments(e)(0.0)%(Cost or Premiums, net $0)				(17)
Other Assets and Liabilities, net (0.2)%				(323)
Net Assets 100.0%			$	160,245

Schedule of Investments PIMCO REALPATH® Blend 2055 Fund(Cont.) September 30, 2022 (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.
(a)		Coupon represents a weighted average yield to maturity.
(b)		Zero coupon security.
(c)		Institutional Class Shares of each Fund.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(d)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date			Maturity Date			Principal Amount		Collateralized By									Collateral (Received)						Repurchase Agreements, at Value					Repurchase Agreement Proceeds to be Received(1)
FICC			1.150%	09/30/2022			10/03/2022		$	416		U.S. Treasury Inflation Protected Securities 0.125% due 01/15/2023								$		(424)				$			416		$		416
Total Repurchase Agreements																				$		(424)				$			416		$		416
(1)		Includes accrued interest.
(e)		FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON EQUITY INDICES
																													Swap Agreements, at Value
Counterparty			Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date			Notional Amount		Premiums Paid/(Received)					Unrealized Appreciation/ (Depreciation)						Asset				Liability
JPM			Receive		FNRETR Index			242		3.480% (1-Month USD-LIBOR plus a specified spread)		Monthly		02/22/2023		$	4,620	$	0				$	(13)				$		0		$		(13)
			Receive		FNRETR Index			91		3.460% (1-Month USD-LIBOR plus a specified spread)		Monthly		08/23/2023			1,737		0					(4)						0				(4)
Total Swap Agreements																		$	0				$	(17)				$		0		$		(17)
(f)		Securities with an aggregate market value of $931 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2022.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory											Level 1				Level 2				Level 3						Fair Value at 09/30/2022
Investments in Securities, at Value
Mutual Funds											$		141,979		$		0		$	0					$				141,979
Short-Term Instruments
	Repurchase Agreements												0				416			0									416
	U.S. Treasury Bills												0				932			0									932
											$		141,979		$		1,348		$	0					$				143,327
Investments in Affiliates, at Value
Mutual Funds													10,407				0			0									10,407
Short-Term Instruments
	Central Funds Used for Cash Management Purposes												6,851				0			0									6,851
											$		17,258		$		0		$	0					$				17,258
Total Investments											$		159,237		$		1,348		$	0					$				160,585
Financial Derivative Instruments - Liabilities
Over the counter											$		0		$		(17)		$	0					$				(17)
Total Financial Derivative Instruments											$		0		$		(17)		$	0					$				(17)

Schedule of Investments PIMCO REALPATH® Blend 2055 Fund(Cont.) September 30, 2022 (Unaudited)

Totals	$	159,237	$	1,331	$	0	$	160,568
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO REALPATH® Blend 2060 Fund September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 88.4% ¤
MUTUAL FUNDS 88.4%
Vanguard Developed Markets Index Fund 'Admiral'	812,896	$	9,495
Vanguard Emerging Markets Stock Index Fund 'Admiral'	83,471		2,541
Vanguard Institutional Index Fund 'Institutional'	43,059		13,072
Vanguard Small-Cap Index Fund 'Admiral'	16,269		1,332
Total Mutual Funds (Cost $31,652)			26,440
Total Investments in Securities (Cost $31,652)			26,440
INVESTMENTS IN AFFILIATES 11.3%
MUTUAL FUNDS (a) 6.3%
PIMCO Emerging Markets Local Currency and Bond Fund	76,945		391
PIMCO Income Fund	25,720		264
PIMCO International Bond Fund (U.S. Dollar-Hedged)	12,754		121
PIMCO Long-Term Real Return Fund	68,024		298
PIMCO Long-Term U.S. Government Fund	119,260		452
PIMCO Real Return Fund	10,101		100
PIMCO Total Return Fund	30,373		258
Total Mutual Funds (Cost $2,250)			1,884
SHORT-TERM INSTRUMENTS 5.0%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 5.0%
PIMCO Short-Term Floating NAV Portfolio III	155,417		1,509
Total Short-Term Instruments (Cost $1,509)			1,509
Total Investments in Affiliates (Cost $3,759)			3,393
Total Investments 99.7% (Cost $35,411)		$	29,833
Financial Derivative Instruments(b)(0.0)%(Cost or Premiums, net $0)			(2)
Other Assets and Liabilities, net 0.3%			91
Net Assets 100.0%		$	29,922

Schedule of Investments PIMCO REALPATH® Blend 2060 Fund(Cont.) September 30, 2022 (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.
(a)		Institutional Class Shares of each Fund.
(b)		FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON EQUITY INDICES
																						Swap Agreements, at Value
Counterparty			Pay/Receive(1)		Underlying Reference	# of Units	Financing Rate		Payment Frequency		Maturity Date			Notional Amount		Premiums Paid/(Received)			Unrealized Appreciation/ (Depreciation)				Asset		Liability
JPM			Receive	FNRETR Index		46	3.480% (1-Month USD-LIBOR plus a specified spread)		Monthly		02/22/2023		$	878	$	0		$	(2)		$		0	$	(2)
			Receive	FNRETR Index		19	3.460% (1-Month USD-LIBOR plus a specified spread)		Monthly		08/23/2023			362		0			0				0		0
Total Swap Agreements															$	0		$	(2)		$		0	$	(2)
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1				Level 2				Level 3				Fair Value at 09/30/2022
Investments in Securities, at Value
Mutual Funds								$		26,440		$		0		$	0			$		26,440
								$		26,440		$		0		$	0			$		26,440
Investments in Affiliates, at Value
Mutual Funds										1,884				0			0					1,884
Short-Term Instruments
	Central Funds Used for Cash Management Purposes									1,509				0			0					1,509
								$		3,393		$		0		$	0			$		3,393
Total Investments								$		29,833		$		0		$	0			$		29,833
Financial Derivative Instruments - Liabilities
Over the counter								$		0		$		(2)		$	0			$		(2)
Total Financial Derivative Instruments								$		0		$		(2)		$	0			$		(2)
Totals								$		29,833		$		(2)		$	0			$		29,831
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Schedule of Investments PIMCO REALPATH® Blend Income Fund September 30, 2022 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 42.2% ¤
MUTUAL FUNDS 41.4%
Vanguard Developed Markets Index Fund 'Institutional'		2,861,861	$	33,455
Vanguard Emerging Markets Stock Index Fund 'Institutional'		476,820		11,039
Vanguard Institutional Index Fund 'Institutional'		135,063		41,004
Vanguard Small-Cap Index Fund 'Admiral'		27,762		2,273
Total Mutual Funds (Cost $89,528)				87,771
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.8%
REPURCHASE AGREEMENTS (d) 0.3%				580
U.S. TREASURY BILLS 0.5%
2.929% due 11/10/2022 - 12/15/2022 (a)(b)(g)	$	998		993
Total Short-Term Instruments (Cost $1,573)				1,573
Total Investments in Securities (Cost $91,101)				89,344
		SHARES
INVESTMENTS IN AFFILIATES 57.6%
MUTUAL FUNDS (c) 54.9%
PIMCO Emerging Markets Local Currency and Bond Fund		2,239,876		11,378
PIMCO High Yield Fund		719,729		5,362
PIMCO Income Fund		3,293,043		33,820
PIMCO International Bond Fund (U.S. Dollar-Hedged)		671,068		6,348
PIMCO Long-Term Real Return Fund		2,587,543		11,333
PIMCO Long-Term U.S. Government Fund		3,094,946		11,730
PIMCO Real Return Fund		834,665		8,272
PIMCO Total Return Fund		3,337,084		28,365
Total Mutual Funds (Cost $145,458)				116,608
SHORT-TERM INSTRUMENTS 2.7%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 2.7%
PIMCO Short-Term Floating NAV Portfolio III		591,210		5,740
Total Short-Term Instruments (Cost $5,738)				5,740
Total Investments in Affiliates (Cost $151,196)				122,348
Total Investments 99.8% (Cost $242,297)			$	211,692
Financial Derivative Instruments(e)(f)0.7%(Cost or Premiums, net $1,211)				1,453
Other Assets and Liabilities, net (0.5)%				(1,053)
Net Assets 100.0%			$	212,092

Schedule of Investments PIMCO REALPATH® Blend Income Fund(Cont.) September 30, 2022 (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.
(a)	Coupon represents a weighted average yield to maturity.
(b)	Zero coupon security.
(c)	Institutional Class Shares of each Fund.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(d)	REPURCHASE AGREEMENTS:
Counterparty		Lending Rate	Settlement Date			Maturity Date			Principal Amount		Collateralized By											Collateral (Received)								Repurchase Agreements, at Value							Repurchase Agreement Proceeds to be Received(1)
FICC		1.150%	09/30/2022			10/03/2022		$	580		U.S. Treasury Inflation Protected Securities 0.125% due 01/15/2023										$			(592)					$			580			$			580
Total Repurchase Agreements																					$			(592)					$			580			$			580
(1)	Includes accrued interest.
(e)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
PURCHASED OPTIONS:
OPTIONS ON INDICES
Description										Strike Value		Expiration Date				# of Contracts				Notional Amount							Cost									Market Value
Put - CBOE S&P 500										3,175.000		12/16/2022				13		$		1						$	117							$		78
Put - CBOE S&P 500										3,525.000		12/16/2022				25				3							333									373
Put - CBOE S&P 500										3,050.000		03/17/2023				13				1							111									117
Put - CBOE S&P 500										3,375.000		03/17/2023				26				3							326									426
Put - CBOE S&P 500										2,850.000		06/16/2023				42				4							471									391
Put - CBOE S&P 500										3,075.000		09/15/2023				36				4							437									578
Total Purchased Options																							$				1,795							$		1,963
WRITTEN OPTIONS:
OPTIONS ON INDICES
Description										Strike Value		Expiration Date				# of Contracts				Notional Amount							Premiums (Received)									Market Value
Put - CBOE S&P 500										2,625.000		12/16/2022				25		$		3						$	(117)							$		(42)
Put - CBOE S&P 500										2,500.000		03/17/2023				26				3							(115)									(92)
Put - CBOE S&P 500										2,200.000		06/16/2023				42				4							(196)									(149)
Put - CBOE S&P 500										2,350.000		09/15/2023				36				4							(156)									(207)
Total Written Options																							$				(584)							$		(490)
(f)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON EQUITY INDICES
																																Swap Agreements, at Value
Counterparty		Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date		Notional Amount				Premiums Paid/(Received)									Unrealized Appreciation/ (Depreciation)					Asset						Liability
JPM		Receive		FNRETR Index			276		3.480% (1-Month USD-LIBOR plus a specified spread)		Monthly		02/22/2023	$	5,269		$		0						$			(15)			$		0				$		(15)
		Receive		FNRETR Index			136		3.460% (1-Month USD-LIBOR plus a specified spread)		Monthly		08/23/2023		2,596				0									(5)					0						(5)
Total Swap Agreements																	$		0						$			(20)			$		0				$		(20)

Schedule of Investments PIMCO REALPATH® Blend Income Fund(Cont.) September 30, 2022 (Unaudited)

(g)		Securities with an aggregate market value of $993 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2022.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory			Level 1		Level 2		Level 3		Fair Value at 09/30/2022
Investments in Securities, at Value
Mutual Funds			$	87,771	$	0	$	0	$	87,771
Short-Term Instruments
	Repurchase Agreements			0		580		0		580
	U.S. Treasury Bills			0		993		0		993
			$	87,771	$	1,573	$	0	$	89,344
Investments in Affiliates, at Value
Mutual Funds				116,608		0		0		116,608
Short-Term Instruments
	Central Funds Used for Cash Management Purposes			5,740		0		0		5,740
			$	122,348	$	0	$	0	$	122,348
Total Investments			$	210,119	$	1,573	$	0	$	211,692
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared			$	0	$	1,963	$	0	$	1,963
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared				0		(490)		0		(490)
Over the counter				0		(20)		0		(20)
			$	0	$	(510)	$	0	$	(510)
Total Financial Derivative Instruments			$	0	$	1,453	$	0	$	1,453
Totals			$	210,119	$	3,026	$	0	$	213,145
There were no significant transfers into or out of Level 3 during the period ended September 30, 2022.

Notes to Financial Statements

1. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS

(a) Investment Valuation PoliciesThe price of a Fund's shares is based on the Fund's net asset value ("NAV"). The NAV of a Fund, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets, less any liabilities attributable to that Fund or class, by the total number of shares outstanding of that Fund or class.

On each day that the New York Stock Exchange (“NYSE”) is open, Fund 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 reserves the right to either (i) calculate its NAV as of the earlier closing time or (ii) calculate its NAV as of the normally scheduled close of regular trading on the NYSE for that day. Each Fund generally does not calculate its NAV on days during which the NYSE is closed. However, if the NYSE is closed on a day it would normally be open for business, each Fund reserves the right to calculate its NAV as of the normally scheduled close of regular trading on the NYSE for that day or such other time that the 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.

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 Investment Company Act of 1940, as amended (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 of Trustees has designated PIMCO as the valuation designee (“Valuation Designee”) for Each Fund to perform the fair value determination relating to all Fund investments. PIMCO may carry out its designated responsibilities as Valuation Designee through various teams and committees. The Valuation Designee’s policies and procedures govern the Valuation Designee’s selection and application of methodologies for determining and calculating the fair value of Fund investments. The Valuation Designee may value Fund portfolio securities for which market quotations are not readily available and other Fund assets utilizing inputs from pricing sources, quotation reporting systems, valuation agents and other third-party sources (together, “Pricing Sources”).

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 the Pacific Investment Management Company LLC (“PIMCO” or the “Adviser”) 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. 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 such data reflecting 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. Exchange-traded options, except equity options, futures and options on futures are valued at the settlement price determined by the relevant exchange, quotes obtained from a quotation reporting system, established market makers or pricing services. Swap agreements are valued on the basis of market-based prices supplied by Pricing Sources or quotes obtained from brokers and dealers. A Fund's investments in open-end management investment companies, other than exchange-traded funds ("ETFs"), are valued at 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, indices or assets. In considering whether fair valuation is required and in determining fair values, a 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 indices) 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.

Senior secured floating rate loans for which an active secondary market exists to a reliable degree are valued at the mean of the last available bid/ask prices in the market for such loans, as provided by a Pricing Source. Senior secured floating rate loans for which an active secondary market does not exist to a reliable degree are valued at fair value, which is intended to approximate market value. In valuing a senior secured floating rate loan at fair value, the factors considered may include, but are not limited to, the following: (a) the creditworthiness of the borrower and any intermediate participants, (b) the terms of the loan, (c) recent prices in the market for similar loans, if any, and (d) recent prices in the market for instruments of similar quality, rate, period until next interest rate reset and maturity.

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 the Fund's next calculated NAV.

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.

Notes to Financial Statements (Cont.)

(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.

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.

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) Valuation Techniques and the Fair Value Hierarchy

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

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 and non-U.S. bonds are normally valued on the basis of quotes obtained from brokers and dealers or Pricing Services that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The Pricing Services' 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 Services 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.

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.

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 Services 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 services. 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.

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.

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, indices, 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 Services (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 Services 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, indices, 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.

Notes to Financial Statements (Cont.)

Centrally cleared swaps and over the counter swaps derive their value from underlying asset prices, indices, 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 Services (normally determined as of the NYSE Close). Centrally cleared swaps and over the counter swaps can be valued by Pricing Services 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, LIBOR forward rate, interest rates, yield curves and credit spreads. These securities are categorized as Level 2 of the fair value hierarchy.

When a fair valuation method is applied by the Adviser that uses significant unobservable inputs, investments will be priced by a method that the Board or persons acting at their direction believe reflects fair value and are categorized as Level 3 of the fair value hierarchy.

Short-term debt instruments (such as commercial paper) 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.

2. 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 September 30, 2022, 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.

3. INVESTMENTS IN AFFILIATES

Each Fund eligible to participate in securities lending may invest the cash collateral received for securities out on loan in the PIMCO Government Money Market Fund under the Securities Lending Agreement. PIMCO Government Money Market Fund is considered to be affiliated with the Funds. A copy of each affiliate fund’s shareholder report is available at the U.S. Securities and Exchange Commission ("SEC") website at www.sec.gov, on the Funds’ website at http://www.pimco.com, or upon request, as applicable. The table below shows the Funds’ transactions in and earnings from investments in the affiliated Fund for the period ended September 30, 2022 (amounts in thousands†):

Investments in PIMCO Government Money Market Fund

Fund Name	Market Value 06/30/2022	Purchases at Cost	Proceeds from Sales	Net Realized Gain (Loss)	Change in Unrealized Appreciation (Depreciation)	Market Value 09/30/2022	Dividend Income(1)	Realized Net Capital Gain Distributions(1)
PIMCO RAE Emerging Markets Fund	$ 40,679	$ 52,170	$ (84,695)	$ 0	$ 0	$ 8,154	$ 139	$ 0
PIMCO RAE International Fund	28,070	66,876	(62,670)	0	0	32,276	103	0
PIMCO RAE US Fund	1,291	16,660	(15,947)	0	0	2,004	15	0
PIMCO RAE US Small Fund	24,394	32,874	(36,231)	0	0	21,037	72	0
PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF	72	86	(152)	0	0	6	0	0
PIMCO RAFI Dynamic Multi-Factor International Equity ETF	1,189	3,369	(4,558)	0	0	0	3	0
PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	25	283	(308)	0	0	0	0	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.

The PIMCO RAE Global and PIMCO RAE Global ex-US Funds may invest in Institutional Class shares of the Underlying PIMCO Funds and may also invest in other affiliated funds, and unaffiliated funds, which may or may not be registered under the Act (together with the Underlying Funds, “Acquired Funds”). The Underlying Funds are considered to be

Notes to Financial Statements (Cont.)

affiliated with the PIMCO RAE Global and PIMCO RAE Global ex-US Funds. The tables below show the transactions in and earnings from investments in the Underlying Funds for the period ended September 30, 2022 (amounts in thousands†):

PIMCO RAE Global ex-US Fund

Underlying PIMCO Funds		Market Value 06/30/2022		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2022		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO RAE Emerging Markets Fund	$	18,530	$	1,931	$	(1,138)	$	(187)	$	(1,080)	$	18,056	$	0	$	0
PIMCO RAE International Fund		60,097		7,013		(606)		(324)		(7,193)		58,987		0		0
Totals	$	78,627	$	8,944	$	(1,744)	$	(511)	$	(8,273)	$	77,043	$	0	$	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 advise on IRS Form 1099-DIV.

The PIMCO REALPATH® Blend Funds seek to achieve its investment objective by investing under normal circumstances substantially all of its assets in Institutional Class or Class M shares of any funds of the Trust and PIMCO Funds, and in other affiliated funds, including funds of PIMCO ETF Trust, except funds of funds (“Underlying PIMCO Funds”), and unaffiliated funds that are registered under the Act (collectively, “Acquired Funds”). The Underlying PIMCO Funds are considered to be affiliated with the Funds. 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 and rules thereunder. 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 Underlying PIMCO Funds or Central Funds for the period ended September 30, 2022 (amounts in thousands†):

PIMCO REALPATH® Blend 2025 Fund

Underlying PIMCO Funds		Market Value 06/30/2022		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2022		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	11,974	$	1,030	$	(753)	$	(127)	$	(272)	$	11,852	$	129	$	0
PIMCO High Yield Fund		5,381		234		(193)		(34)		(81)		5,307		75		0
PIMCO Income Fund		29,051		2,021		(1,703)		(227)		(762)		28,380		405		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		5,250		242		(176)		(21)		(147)		5,148		31		0
PIMCO Long-Term Real Return Fund		13,527		2,009		(277)		(92)		(1,995)		13,172		432		0
PIMCO Long-Term U.S. Government Fund		16,688		1,461		(307)		(79)		(1,731)		16,032		104		0
PIMCO Real Return Fund		7,170		404		0		0		(581)		6,993		171		0
PIMCO Short-Term Floating NAV Portfolio III		5,644		15,448		(13,200)		0		3		7,895		48		0
PIMCO Total Return Fund		23,699		1,894		(1,184)		(212)		(1,193)		23,004		183		0
Totals	$	118,384	$	24,743	$	(17,793)	$	(792)	$	(6,759)	$	117,783	$	1,578	$	0

PIMCO REALPATH® Blend 2030 Fund

Underlying PIMCO Funds		Market Value 06/30/2022		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2022		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	12,034	$	947	$	(146)	$	(12)	$	(501)	$	12,322	$	131	$	0
PIMCO High Yield Fund		4,820		313		0		0		(101)		5,032		67		0
PIMCO Income Fund		20,991		1,986		(1,016)		(113)		(637)		21,211		296		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		3,514		356		(208)		(5)		(93)		3,564		21		0

Notes to Financial Statements (Cont.)

PIMCO Long-Term Real Return Fund		13,618		2,247		0		0		(2,175)		13,690		437		0
PIMCO Long-Term U.S. Government Fund		19,664		2,266		(426)		77		(2,088)		19,493		124		0
PIMCO Real Return Fund		5,322		534		(15)		15		(448)		5,408		128		0
PIMCO Short-Term Floating NAV Portfolio III		7,912		16,160		(15,700)		(1)		5		8,376		61		0
PIMCO Total Return Fund		16,201		1,771		(806)		(54)		(847)		16,265		127		0
Totals	$	104,076	$	26,580	$	(18,317)	$	(93)	$	(6,885)	$	105,361	$	1,392	$	0

PIMCO REALPATH® Blend 2035 Fund

Underlying PIMCO Funds		Market Value 06/30/2022		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2022		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	9,580	$	1,598	$	(773)	$	(128)	$	(211)	$	10,066	$	107	$	0
PIMCO High Yield Fund		3,092		237		0		0		(74)		3,255		43		0
PIMCO Income Fund		13,006		1,951		(987)		(91)		(392)		13,487		189		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		2,105		173		0		0		(71)		2,207		13		0
PIMCO Long-Term Real Return Fund		8,614		2,036		(320)		(116)		(1,303)		8,911		283		0
PIMCO Long-Term U.S. Government Fund		13,213		2,079		(296)		(59)		(1,476)		13,461		86		0
PIMCO Real Return Fund		3,574		416		0		0		(310)		3,680		87		0
PIMCO Short-Term Floating NAV Portfolio III		9,094		19,862		(16,100)		(1)		4		12,859		63		0
PIMCO Total Return Fund		10,005		1,490		(550)		(88)		(547)		10,310		81		0
Totals	$	72,283	$	29,842	$	(19,026)	$	(483)	$	(4,380)	$	78,236	$	952	$	0

PIMCO REALPATH® Blend 2040 Fund

Underlying PIMCO Funds		Market Value 06/30/2022		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2022		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	8,184	$	856	$	(308)	$	(49)	$	(236)	$	8,447	$	89	$	0
PIMCO High Yield Fund		1,414		156		0		0		(32)		1,538		20		0
PIMCO Income Fund		8,323		739		(393)		(25)		(279)		8,365		118		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		1,474		9		0		0		(44)		1,439		8		0
PIMCO Long-Term Real Return Fund		6,160		979		0		0		(980)		6,159		198		0
PIMCO Long-Term U.S. Government Fund		9,423		1,056		(130)		(41)		(1,016)		9,292		60		0
PIMCO Real Return Fund		2,653		201		0		0		(213)		2,641		62		0
PIMCO Short-Term Floating NAV Portfolio III		9,930		15,666		(15,300)		0		4		10,300		64		0
PIMCO Total Return Fund		6,858		598		(188)		(36)		(383)		6,849		54		0
Totals	$	54,419	$	20,260	$	(16,319)	$	(151)	$	(3,179)	$	55,030	$	673	$	0

PIMCO REALPATH® Blend 2045 Fund

Underlying PIMCO Funds		Market Value 06/30/2022		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2022		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	5,343	$	373	$	0	$	0	$	(189)	$	5,527	$	58	$	0

Notes to Financial Statements (Cont.)

PIMCO High Yield Fund		272		3		0		0		(5)		270		4		0
PIMCO Income Fund		4,420		320		(201)		(13)		(138)		4,388		60		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		1,007		6		0		0		(30)		983		6		0
PIMCO Long-Term Real Return Fund		4,001		407		0		0		(642)		3,766		129		0
PIMCO Long-Term U.S. Government Fund		6,351		743		(319)		(55)		(637)		6,083		39		0
PIMCO Real Return Fund		1,587		38		0		0		(123)		1,502		37		0
PIMCO Short-Term Floating NAV Portfolio III		9,168		13,458		(11,900)		(1)		5		10,730		57		0
PIMCO Total Return Fund		4,085		427		(159)		(12)		(232)		4,109		31		0
Totals	$	36,234	$	15,775	$	(12,579)	$	(81)	$	(1,991)	$	37,358	$	421	$	0

PIMCO REALPATH® Blend 2050 Fund

Underlying PIMCO Funds		Market Value 06/30/2022		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2022		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	3,620	$	313	$	(136)	$	(26)	$	(103)	$	3,668	$	38	$	0
PIMCO Income Fund		2,573		214		0		0		(94)		2,693		36		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		920		6		0		0		(28)		898		5		0
PIMCO Long-Term Real Return Fund		2,820		242		0		0		(444)		2,618		89		0
PIMCO Long-Term U.S. Government Fund		4,488		506		(288)		(44)		(428)		4,234		27		0
PIMCO Real Return Fund		1,062		24		0		0		(82)		1,004		25		0
PIMCO Short-Term Floating NAV Portfolio III		6,832		13,057		(9,100)		(1)		4		10,792		57		0
PIMCO Total Return Fund		2,705		186		(173)		(10)		(142)		2,566		20		0
Totals	$	25,020	$	14,548	$	(9,697)	$	(81)	$	(1,317)	$	28,473	$	297	$	0

PIMCO REALPATH® Blend 2055 Fund

Underlying PIMCO Funds		Market Value 06/30/2022		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2022		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	2,056	$	218	$	0	$	0	$	(76)	$	2,198	$	23	$	0
PIMCO Income Fund		1,384		140		0		0		(52)		1,472		20		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		592		96		0		0		(22)		666		4		0
PIMCO Long-Term Real Return Fund		1,611		164		0		0		(257)		1,518		51		0
PIMCO Long-Term U.S. Government Fund		2,565		305		(136)		(35)		(240)		2,459		16		0
PIMCO Real Return Fund		576		100		0		0		(50)		626		13		0
PIMCO Short-Term Floating NAV Portfolio III		6,009		11,640		(10,800)		(1)		3		6,851		40		0
PIMCO Total Return Fund		1,433		123		0		0		(88)		1,468		11		0
Totals	$	16,226	$	12,786	$	(10,936)	$	(36)	$	(782)	$	17,258	$	178	$	0

PIMCO REALPATH® Blend 2060 Fund

Notes to Financial Statements (Cont.)

Underlying PIMCO Funds		Market Value 06/30/2022		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2022		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	312	$	93	$	0	$	0	$	(14)	$	391	$	4	$	0
PIMCO Income Fund		210		64		0		0		(10)		264		3		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		91		34		0		0		(4)		121		1		0
PIMCO Long-Term Real Return Fund		237		108		0		0		(47)		298		8		0
PIMCO Long-Term U.S. Government Fund		370		148		(15)		(4)		(47)		452		3		0
PIMCO Real Return Fund		91		18		0		0		(9)		100		2		0
PIMCO Short-Term Floating NAV Portfolio III		902		2,407		(1,800)		0		0		1,509		7		0
PIMCO Total Return Fund		212		61		0		0		(15)		258		2		0
Totals	$	2,425	$	2,933	$	(1,815)	$	(4)	$	(146)	$	3,393	$	30	$	0

PIMCO REALPATH® Blend Income Fund

Underlying PIMCO Funds		Market Value 06/30/2022		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2022		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	11,863	$	645	$	(747)	$	(129)	$	(254)	$	11,378	$	126	$	0
PIMCO High Yield Fund		5,613		78		(223)		(35)		(71)		5,362		77		0
PIMCO Income Fund		35,725		1,277		(2,013)		(192)		(977)		33,820		491		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		6,681		210		(335)		(35)		(173)		6,348		39		0
PIMCO Long-Term Real Return Fund		12,072		1,579		(558)		(207)		(1,553)		11,333		380		0
PIMCO Long-Term U.S. Government Fund		12,614		630		(191)		(77)		(1,246)		11,730		77		0
PIMCO Real Return Fund		8,748		335		(129)		(12)		(670)		8,272		208		0
PIMCO Short-Term Floating NAV Portfolio III		3,303		15,936		(13,500)		0		1		5,740		36		0
PIMCO Total Return Fund		30,158		1,286		(1,345)		(195)		(1,539)		28,365		229		0
Totals	$	126,777	$	21,975	$	(19,040)	$	(882)	$	(6,482)	$	122,348	$	1,663	$	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 advise on IRS Form 1099-DIV.

The PIMCO Dividend and Income 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 and rules thereunder. 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 Fund. The table below shows the Fund's transactions in and earnings from investments in the affiliated Funds for the period ended September 30, 2022 (amounts in thousands†):

Investment in PIMCO Short-Term Floating NAV Portfolio III

Fund Name		Market Value 06/30/2022		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2022		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Dividend and Income Fund	$	11,603	$	8,272	$	(7,240)	$	0	$	7	$	12,642	$	72	$	0

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

Notes to Financial Statements (Cont.)

(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.

Glossary: (abbreviations that may be used in the preceding statements)					(Unaudited)
Counterparty Abbreviations:
BOA	Bank of America N.A.	FICC	Fixed Income Clearing Corporation	MYI	Morgan Stanley & Co. International PLC
BPS	BNP Paribas S.A.	GLM	Goldman Sachs Bank USA	NGF	Nomura Global Financial Products, Inc.
BRC	Barclays Bank PLC	GST	Goldman Sachs International	RBC	Royal Bank of Canada
CBK	Citibank N.A.	HUS	HSBC Bank USA N.A.	SAL	Citigroup Global Markets, Inc.
CDI	Natixis Singapore	JPM	JP Morgan Chase Bank N.A.	SCX	Standard Chartered Bank, London
DUB	Deutsche Bank AG	MBC	HSBC Bank Plc	UAG	UBS AG Stamford
FAR	Wells Fargo Bank National Association	MYC	Morgan Stanley Capital Services LLC
Currency Abbreviations:
ARS	Argentine Peso	EUR	Euro	PEN	Peruvian New Sol
AUD	Australian Dollar	GBP	British Pound	RUB	Russian Ruble
BRL	Brazilian Real	IDR	Indonesian Rupiah	TWD	Taiwanese Dollar
CAD	Canadian Dollar	JPY	Japanese Yen	USD (or $)	United States Dollar
CLP	Chilean Peso	MXN	Mexican Peso	ZAR	South African Rand
CNH	Chinese Renminbi (Offshore)	NOK	Norwegian Krone
Exchange Abbreviations:
CBOE	Chicago Board Options Exchange	CME	Chicago Mercantile Exchange	OTC	Over the Counter
Index/Spread Abbreviations:
BADLARPP	Argentina Badlar Floating Rate Notes	EUR001M	1 Month EUR Swap Rate	S&P 500	Standard & Poor's 500 Index
BP0003M	3 Month GBP-LIBOR	FNRETR	FTSE Nareit Equity REITs Total Return Index	SOFR	Secured Overnight Financing Rate
CDX.EM	Credit Derivatives Index - Emerging Markets	LIBOR01M	1 Month USD-LIBOR	SONIO	Sterling Overnight Interbank Average Rate
CDX.HY	Credit Derivatives Index - High Yield	LIBOR03M	3 Month USD-LIBOR	UKRPI	United Kingdom Retail Prices Index
CDX.IG	Credit Derivatives Index - Investment Grade	LIBOR06M	6 Month USD-LIBOR	US0003M	ICE 3-Month USD LIBOR
CMBX	Commercial Mortgage-Backed Index	MUTKCALM	Tokyo Overnight Average Rate
Other Abbreviations:
ADR	American Depositary Receipt	JIBAR	Johannesburg Interbank Agreed Rate	REIT	Real Estate Investment Trust
BABs	Build America Bonds	JSC	Joint Stock Company	SP - ADR	Sponsored American Depositary Receipt
BBR	Bank Bill Rate	LIBOR	London Interbank Offered Rate	TBA	To-Be-Announced
BBSW	Bank Bill Swap Reference Rate	Lunar	Monthly payment based on 28-day periods.  One year consists of 13 periods.	TBD	To-Be-Determined
BRL-CDI	Brazil Interbank Deposit Rate	OIS	Overnight Index Swap	TBD%	Interest rate to be determined when loan settles or at the time of funding
DAC	Designated Activity Company	PIK	Payment-in-Kind	TIIE	Tasa de Interés Interbancaria de Equilibrio "Equilibrium Interbank Interest Rate"
EURIBOR	Euro Interbank Offered Rate