Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio June 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 118.2% ¤
CORPORATE BONDS & NOTES 0.5%
BANKING & FINANCE 0.4%
Ambac Assurance Corp. 5.100% due 12/31/2099 (e)	$	43	$	40
Preferred Term Securities Ltd.
2.179% (US0003M + 0.350%) due 03/22/2038 ~		20,330		18,932
3.057% (US0003M + 0.860%) due 07/03/2033 ~		1,066		996
				19,968
INDUSTRIALS 0.1%
CVS Pass-Through Trust 5.880% due 01/10/2028		770		811
Times Square Hotel Trust 8.528% due 08/01/2026		2,717		2,796
				3,607
Total Corporate Bonds & Notes (Cost $23,526)				23,575
U.S. GOVERNMENT AGENCIES 26.1%
Fannie Mae
1.001% due 07/25/2037 •		590		577
1.067% (US0001M + 0.130%) due 03/25/2036 ~		8		8
1.246% due 08/25/2031 •		55		53
1.524% due 03/01/2044 - 10/01/2044 •		24		24
1.596% due 11/01/2034 •		1		1
1.673% due 01/01/2035 •		3		3
1.691% due 02/01/2035 •		2		2
1.724% due 10/01/2040 •		14		14
1.744% due 09/01/2033 •		13		13
1.825% due 10/01/2034 •		2		2
1.842% due 05/01/2025 •		1		1
1.878% due 09/01/2033 •		3		3
1.910% due 07/01/2035 •		4		4
1.923% due 09/17/2027 •		1		1
1.966% due 02/01/2033 •		26		26
1.990% due 12/01/2036 •		2		2
2.000% due 09/01/2033 •		6		6
2.004% due 06/01/2033 •		4		4
2.007% due 03/01/2035 •		5		5
2.058% due 03/01/2035 •		6		6
2.068% due 12/01/2036 •		4		5
2.089% due 01/01/2037 •		3		3
2.117% due 02/01/2035 •		3		3
2.173% due 12/01/2035 •		2		2
2.184% due 11/01/2035 •		1		1
2.195% due 11/18/2031 •		1		1
2.217% due 04/01/2036 •		12		12
2.220% due 10/01/2031 •		4		4
2.230% due 08/01/2035 •		1		1
2.241% due 11/01/2032 •		12		12
2.245% due 09/01/2030 •		11		11
2.248% due 10/01/2032 - 04/01/2036 •		6		6
2.274% due 11/25/2031 •		19		19
2.285% due 11/01/2034 •		6		6
2.318% due 03/01/2033 •		1		1
2.325% due 03/01/2035 •		3		3
2.351% due 09/01/2033 •		1		1
2.366% due 07/01/2033 •		3		3
2.375% due 03/01/2029 - 09/01/2032 •		16		16
2.500% (PRIME - 1.500%) due 12/25/2023 ~		2		2
2.500% due 04/01/2032 •		10		10
2.524% (US0001M + 0.900%) due 08/25/2023 ~		1		1
2.553% due 04/01/2034 •		1		1
2.624% due 12/25/2023 - 04/25/2032 •		4		4
2.625% due 10/01/2028 •		1		1
2.765% due 03/01/2032 •		3		3
2.792% due 07/01/2033 •		3		3
3.000% due 05/01/2034 •		12		12
3.006% due 04/01/2033 •		4		4
3.083% due 05/01/2036 •		5		5
3.373% due 06/01/2033 •		58		58

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

3.465% due 05/01/2033 •	8	8
3.887% due 05/01/2036 •	4	4
4.000% due 11/25/2033 - 01/01/2059	325	325
4.250% due 10/01/2027 •	1	1
4.376% (US0001M + 6.000%) due 11/25/2049 ~(a)	603	109
5.000% due 06/25/2023 - 11/25/2032	433	459
5.500% due 09/25/2035	1,929	2,182
6.500% due 06/25/2028	10	10
7.000% due 07/25/2042	4	4
8.500% due 01/25/2025 - 11/01/2030	4	4
Freddie Mac
0.541% due 12/25/2022 ~(a)	28,548	60
0.637% due 01/25/2034 ~(a)	86,376	3,603
0.929% due 03/25/2034 ~(a)	68,108	4,356
1.180% due 09/25/2023 ~	22	22
1.524% due 02/25/2045 •	8	8
1.574% (US0001M + 0.250%) due 10/15/2032 ~	3	3
1.618% due 09/01/2035 •	4	4
1.674% due 12/15/2029 •	5	5
1.676% due 10/25/2044 •	1,271	1,306
1.774% (US0001M + 0.450%) due 12/15/2031 ~	2	2
1.874% (US0001M + 0.550%) due 08/15/2031 ~	5	5
1.876% due 07/25/2044 •	269	280
1.884% (US0001M + 0.260%) due 08/25/2031 ~	35	34
1.942% due 01/01/2035 •	3	3
1.987% due 01/01/2035 •	5	5
2.038% due 02/01/2035 •	4	4
2.090% due 09/01/2035 •	1	1
2.117% due 07/01/2037 •	1	1
2.211% due 10/01/2034 •	7	7
2.233% due 09/01/2033 •	10	10
2.237% due 02/01/2035 •	9	9
2.300% due 03/01/2028 •	3	3
2.351% due 05/15/2023 •	1	1
2.355% due 12/01/2033 •	15	15
2.362% due 11/01/2034 •	4	4
2.375% due 11/01/2034 •	13	14
2.410% due 01/01/2035 •	3	3
2.454% due 03/01/2034 •	8	9
2.478% due 02/01/2035 •	9	10
2.520% due 02/01/2036 •	2	2
2.540% due 03/01/2030 •	2	2
2.541% due 03/01/2032 •	17	17
2.580% due 09/01/2028 •	2	2
2.583% due 04/01/2032 •	21	21
2.598% due 04/01/2033 •	2	2
2.784% due 04/01/2034 •	4	4
3.000% due 09/01/2046 - 03/01/2048	12,375	11,654
3.183% due 08/01/2023 •	1	1
3.500% due 07/01/2046 - 02/01/2048	164	161
4.000% due 10/15/2033	21	21
4.343% due 05/01/2026 •	4	4
5.000% due 02/15/2036	113	119
5.500% due 05/15/2036	9	10
5.806% due 08/01/2031 •	9	9
6.500% due 07/25/2043	312	339
7.000% due 06/15/2029	5	5
7.500% due 02/15/2023 - 01/15/2031	1	1
8.000% due 03/15/2023	1	1
Ginnie Mae
1.253% due 02/20/2061 •	223	221
1.553% (US0001M + 0.750%) due 09/20/2063 ~	1,386	1,383
1.625% due 07/20/2029 - 09/20/2033 •	23	23
1.750% (H15T1Y + 1.500%) due 10/20/2026 ~	7	7
1.750% due 12/20/2027 - 10/20/2033 •	13	13
1.875% due 05/20/2030 - 05/20/2032 •	19	19
2.000% due 05/20/2030 - 07/20/2030 •	25	25
2.625% due 01/20/2027 - 02/20/2030 •	19	19
Ginnie Mae, TBA
2.000% due 07/01/2052	3,000	2,665
2.500% due 07/01/2052	12,200	11,169
3.500% due 07/01/2052	57,300	55,688
4.000% due 08/01/2052	6,200	6,161
Uniform Mortgage-Backed Security
3.000% due 12/01/2026 - 10/01/2046	1,552	1,547
3.500% due 03/01/2040 - 02/01/2050	22,848	22,303
4.000% due 08/01/2038 - 03/01/2049	14,844	14,877
8.500% due 11/01/2025 - 06/01/2030	6	6
Uniform Mortgage-Backed Security, TBA
2.500% due 07/01/2037 - 07/01/2052	26,900	24,250
3.000% due 07/01/2037 - 08/01/2052	231,700	218,739
3.500% due 07/01/2052 - 08/01/2052	555,350	533,812

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

4.000% due 04/01/2052 - 07/01/2052	316,250	311,414
Total U.S. Government Agencies (Cost $1,227,163)		1,230,578
U.S. TREASURY OBLIGATIONS 0.2%
U.S. Treasury Notes
2.375% due 05/15/2029 (h)(j)	8,900	8,528
Total U.S. Treasury Obligations (Cost $9,029)		8,528
NON-AGENCY MORTGAGE-BACKED SECURITIES 24.3%
1211 Avenue of the Americas Trust 3.901% due 08/10/2035	3,700	3,574
225 Liberty Street Trust 3.597% due 02/10/2036	2,000	1,920
280 Park Avenue Mortgage Trust 2.071% due 09/15/2034 •	1,400	1,375
Adjustable Rate Mortgage Trust
2.164% (US0001M + 0.540%) due 11/25/2035 ~	237	235
2.184% (US0001M + 0.560%) due 11/25/2035 ~	435	426
2.184% due 08/25/2036 •	33,910	14,811
American Home Mortgage Assets Trust 6.750% due 11/25/2046 þ	10,451	9,161
American Home Mortgage Investment Trust 4.062% (US0006M + 2.000%) due 06/25/2045 ~	613	607
Angel Oak Mortgage Trust 1.469% due 06/25/2065 ~	254	243
AREIT Trust 2.718% due 09/14/2036 •	6,356	6,226
Arroyo Mortgage Trust
1.175% due 10/25/2048 ~	6,505	6,038
1.483% due 10/25/2048 ~	8,551	7,964
1.637% due 10/25/2048 ~	4,337	4,043
Ashford Hospitality Trust
2.224% due 04/15/2035 •	10,224	9,939
2.775% due 06/15/2035 •	3,100	2,985
3.175% due 06/15/2035 •	2,300	2,189
4.075% (US0001M + 2.750%) due 06/15/2035 ~	3,200	3,004
BAMLL Commercial Mortgage Securities Trust
2.374% due 04/15/2036 •	3,500	3,430
2.524% due 03/15/2034 •	900	878
Banc of America Alternative Loan Trust 6.000% due 04/25/2037	1,672	1,431
Banc of America Funding Trust
1.136% due 10/26/2036 ~	78,290	71,926
1.992% due 10/20/2036 •	2,914	2,283
2.287% (US0001M + 0.675%) due 04/20/2035 ~	246	244
2.369% due 10/20/2046 ^~	211	182
2.872% due 09/20/2046 ^~	531	517
3.461% due 01/20/2047 ^~	6	5
Banc of America Mortgage Trust
2.122% due 12/25/2033 ~	46	45
2.400% due 11/25/2033 ~	10	10
2.738% due 10/25/2035 ^~	260	251
3.594% due 06/25/2034 ~	121	118
3.647% due 06/25/2035 ~	235	215
Bear Stearns Adjustable Rate Mortgage Trust
0.000% due 10/25/2034 ~	42	29
2.086% due 01/25/2034 ~	22	21
2.263% due 02/25/2036 ^~	71	68
2.455% due 04/25/2034 ~	44	40
2.543% due 08/25/2035 ~	586	547
2.778% due 11/25/2030 ~	26	25
2.836% due 05/25/2033 ~	91	85
2.842% due 02/25/2033 ~	2	2
2.846% due 05/25/2034 ~	51	46
2.854% due 11/25/2034 ~	109	100
2.858% due 02/25/2035 ~	141	137
3.278% due 05/25/2047 ^~	264	248
Bear Stearns ALT-A Trust
2.529% due 04/25/2035 ~	23	22
2.838% due 12/25/2033 ~	161	159
2.855% due 11/25/2035 ^~	904	595
2.925% due 07/25/2035 ~	8,975	6,785
2.994% due 01/25/2036 ^~	511	500
3.066% due 02/25/2036 ^~	3,048	2,434
3.134% due 08/25/2036 ^~	1,654	1,151
3.497% due 08/25/2036 ^~	1,017	586
Bear Stearns Mortgage Securities, Inc. 1.863% due 06/25/2030 ~	3	3
Bear Stearns Structured Products, Inc. Trust
2.999% due 12/26/2046 ^~	2,962	2,468
3.490% due 01/26/2036 ^~	2,484	2,059
BellaVista Mortgage Trust
2.112% due 05/20/2045 •	1,504	998
2.364% due 02/25/2035 •	2,283	1,594

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Benchmark Mortgage Trust 3.094% due 04/15/2054 ~	8,809	6,948
BX Trust 3.202% due 12/09/2041	2,726	2,443
BXMT Ltd. 2.288% (SOFR30A + 1.514%) due 11/15/2037 ~	23,500	23,265
Chase Mortgage Finance Trust 2.911% due 12/25/2035 ^~	678	608
Chevy Chase Funding LLC Mortgage-Backed Certificates 1.222% due 01/25/2035 ~	438	406
CIM Trust 3.750% due 12/25/2061 ~	13,511	13,138
Citigroup Commercial Mortgage Trust
2.154% due 12/15/2036 •	9,200	8,955
2.474% (US0001M + 1.150%) due 12/15/2036 ~	3,153	3,038
3.098% due 04/10/2049	16,242	15,985
3.209% due 05/10/2049	700	674
Citigroup Global Markets Mortgage Securities, Inc.
2.124% (US0001M + 0.500%) due 05/25/2032 ~	20	19
2.240% due 09/25/2033 ~	1	1
8.500% due 05/25/2032	74	64
Citigroup Mortgage Loan Trust
1.754% due 06/25/2036 •	600	559
2.124% due 09/25/2036 •	4,706	4,475
2.424% (US0001M + 0.800%) due 08/25/2035 ^~	102	98
2.470% due 10/25/2035 •	12	12
2.480% (H15T1Y + 2.400%) due 11/25/2035 ~	277	265
2.639% due 05/25/2042 ~	674	659
2.829% due 08/25/2035 ~	103	102
3.950% due 05/25/2035 •	4	4
Citigroup Mortgage Loan Trust, Inc.
1.954% due 12/25/2034 •	83	81
3.440% (H15T1Y + 1.800%) due 09/25/2035 ~	366	351
CityLine Commercial Mortgage Trust 2.871% due 11/10/2031 ~	800	780
COLT Mortgage Loan Trust
4.301% due 03/25/2067 ~	8,902	8,804
4.550% due 04/25/2067 ~	12,371	12,232
Commercial Mortgage Trust 3.545% due 02/10/2036	3,800	3,612
Community Program Loan Trust 4.500% due 04/01/2029	11	11
Countrywide Alternative Loan Trust
1.316% due 03/25/2047 ^•	2,567	2,215
1.476% (12MTA + 1.000%) due 02/25/2036 ~	547	495
1.726% (12MTA + 1.250%) due 11/25/2047 ^~	3,639	3,146
1.792% due 02/20/2047 ^•	1,484	1,154
1.807% due 12/20/2046 ^•	6,595	5,537
1.812% (US0001M + 0.200%) due 07/20/2046 ^~	532	409
1.856% (12MTA + 1.380%) due 11/25/2047 ^~	6,638	5,793
1.944% due 07/25/2036 •	16	59
2.004% due 07/25/2046 •	2,596	2,264
2.004% due 09/25/2046 ^•	251	239
2.024% due 06/25/2037 •	494	436
2.032% (US0001M + 0.420%) due 03/20/2046 ~	248	196
2.069% due 08/25/2035 ~	2,453	2,321
2.124% due 05/25/2035 •	87	68
2.124% due 05/25/2035 ^•	164	148
2.124% (US0001M + 0.500%) due 06/25/2035 ~	1,449	1,265
2.164% due 02/25/2036 •	80	63
2.184% due 12/25/2035 •	413	383
2.204% (US0001M + 0.580%) due 11/25/2035 ~	293	301
2.204% (US0001M + 0.580%) due 02/25/2036 ^~	211	197
2.244% due 10/25/2035 •	257	245
2.266% (US0001M + 0.640%) due 11/20/2035 ~	158	148
2.284% due 10/25/2035 •	2,870	2,129
3.164% due 11/25/2035 •	1,665	1,420
5.500% due 11/25/2035 ^	778	514
5.500% due 03/25/2036 ^	68	34
5.750% due 03/25/2037 ^•	268	172
5.750% due 04/25/2047 ^	378	263
6.250% due 12/25/2033	14	14
6.500% due 11/25/2031	23	22
Countrywide Home Loan Mortgage Pass-Through Trust
1.985% due 02/20/2036 ^•	56	47
1.991% due 02/20/2036 ^•	121	115
2.011% due 06/19/2031 ~	1	1
2.104% due 03/25/2036 •	9,724	8,722
2.169% due 02/25/2034 ~	29	28
2.204% due 04/25/2035 •	12	11
2.224% (US0001M + 0.600%) due 03/25/2035 ~	23	17
2.264% due 03/25/2035 •	1,298	1,161
2.304% due 02/25/2035 •	50	43
2.324% (US0001M + 0.700%) due 02/25/2035 ~	428	378
2.404% due 02/25/2035 •	71	62
2.445% due 02/19/2034 ~	10	9

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

2.497% due 02/19/2034 ~	8	8
2.520% due 02/20/2035 ~	43	43
2.544% (US0001M + 0.920%) due 09/25/2034 ~	67	56
2.592% due 04/25/2035 ^~	9	1
2.996% due 05/19/2033 ~	9	8
3.036% due 07/19/2033 ~	50	49
3.571% due 08/25/2034 ~	31	31
6.000% due 11/25/2037 ^	96	60
Credit Suisse First Boston Mortgage Securities Corp.
1.081% due 03/25/2032 ~	56	52
2.445% due 12/25/2032 ^~	27	23
2.774% (US0001M + 1.150%) due 09/25/2034 ^~	669	732
2.857% due 06/25/2033 ~	108	103
3.237% due 12/25/2033 ~	79	78
5.750% due 04/25/2033	7	7
6.250% due 07/25/2035	177	176
7.000% due 02/25/2033	11	11
Credit Suisse First Boston Mortgage-Backed Pass-Through Certificates
2.593% due 07/25/2033 ~	5	4
2.672% due 10/25/2033 ~	64	61
5.500% due 11/25/2035	152	126
Credit Suisse Mortgage Capital Certificates
2.436% due 02/25/2061 ~	5,318	4,975
3.168% due 02/27/2036 ~	4,122	3,164
5.750% due 12/26/2035	180	140
Credit Suisse Mortgage Capital Mortgage-Backed Trust 6.421% due 10/25/2037 ~	200	149
Credit Suisse Mortgage Capital Trust
1.926% due 07/27/2061 ~	12,801	11,956
2.215% due 11/25/2061 ~	1,297	1,245
2.257% due 08/15/2037	1,175	1,085
2.674% (US0001M + 1.350%) due 10/15/2037 ~	1,000	973
2.750% due 01/25/2060 ~	5,626	4,756
2.750% due 01/25/2060	9,795	7,918
2.938% due 12/26/2059 ~	687	678
3.250% due 01/25/2060	7,373	5,875
3.250% due 01/25/2060 ~	3,775	3,144
3.437% due 01/25/2060 ~	3,343	2,580
Deephaven Residential Mortgage Trust 4.300% due 03/25/2067 ~	2,189	2,130
Deutsche ALT-A Securities, Inc. Mortgage Loan Trust 1.984% (US0001M + 0.360%) due 01/25/2047 ~	4,496	4,260
Downey Savings & Loan Association Mortgage Loan Trust 1.416% due 04/19/2046 •	292	264
Extended Stay America Trust 2.405% (US0001M + 1.080%) due 07/15/2038 ~	47,209	46,098
First Horizon Alternative Mortgage Securities Trust
2.474% due 09/25/2034 ~	449	422
2.778% due 06/25/2034 ~	895	866
2.801% due 03/25/2035 ~	99	67
3.292% due 07/25/2035 ~	4,196	3,921
GCAT LLC 2.981% due 09/25/2025 þ	451	444
GMAC Mortgage Corp. Loan Trust 3.250% due 05/25/2035 ~	6	6
GreenPoint Mortgage Funding Trust
2.044% due 04/25/2036 •	112	96
2.084% due 06/25/2045 •	9,137	7,162
GS Mortgage Securities Corp. Trust
3.104% due 05/10/2034	15,900	15,866
3.924% due 10/10/2032	13,300	13,217
GS Mortgage Securities Trust 3.621% due 10/10/2035	2,000	1,925
GSMPS Mortgage Loan Trust
1.974% due 09/25/2035 •	17,816	15,524
1.974% due 01/25/2036 •	21,440	17,974
7.000% due 06/25/2043	355	367
8.000% due 09/19/2027 ~	184	168
GSR Mortgage Loan Trust
1.974% due 01/25/2034 •	4	4
2.654% due 04/25/2035 ~	317	296
2.763% due 04/25/2035 ~	374	359
2.867% due 01/25/2036 ^~	134	133
2.933% due 09/25/2035 ~	33	33
6.000% due 03/25/2032	1	1
HarborView Mortgage Loan Trust
1.817% due 12/19/2036 •	1,015	893
1.852% (US0001M + 0.240%) due 12/19/2036 ^~	727	687
1.992% due 02/19/2046 •	224	192
2.052% due 05/19/2035 •	109	101
2.073% due 06/19/2045 ^•	231	120
2.075% due 03/19/2036 ^•	161	154
2.092% (US0001M + 0.480%) due 06/19/2035 ~	5,103	4,871
2.230% due 11/19/2034 ~	4	4
2.312% (US0001M + 0.700%) due 01/19/2035 ~	14	12
2.591% due 12/19/2035 ^~	4	4

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

3.194% due 08/19/2034 ~	85	81
Hilton USA Trust
2.828% due 11/05/2035	6,500	6,340
3.719% due 11/05/2038	1,000	958
Impac CMB Trust 2.524% (US0001M + 0.900%) due 10/25/2033 ~	5	5
Impac Secured Assets Trust
2.024% (US0001M + 0.400%) due 12/25/2036 ~	1,768	1,739
2.324% due 05/25/2036 •	13	12
IndyMac Adjustable Rate Mortgage Trust 1.544% due 01/25/2032 ~	3	3
IndyMac INDX Mortgage Loan Trust
1.864% (US0001M + 0.240%) due 07/25/2036 ~	15,141	14,223
1.924% (US0001M + 0.300%) due 06/25/2037 ^~	111	49
2.004% due 09/25/2046 •	376	338
2.084% (US0001M + 0.460%) due 07/25/2046 ~	3,638	3,752
2.104% due 04/25/2035 •	94	83
2.184% due 03/25/2035 •	14	13
2.264% due 02/25/2035 •	648	591
2.264% (US0001M + 0.640%) due 07/25/2045 ~	30	25
2.424% due 11/25/2034 •	2,455	2,230
2.790% due 06/25/2034 ~(a)(b)	1,665	1,414
2.844% due 09/25/2034 •	77	70
3.054% due 06/25/2036 ~	1,755	1,266
3.080% due 06/25/2036 ~	834	765
3.244% due 02/25/2036 ~	3,774	2,996
InTown Hotel Portfolio Trust
2.425% due 01/15/2033 •	4,900	4,877
2.775% due 01/15/2033 •	8,250	8,150
2.775% (US0001M + 1.450%) due 01/15/2033 ~	100	99
2.975% due 01/15/2033 •	2,900	2,861
3.775% (US0001M + 2.450%) due 01/15/2033 ~	8,100	7,984
JP Morgan Alternative Loan Trust
1.523% due 06/27/2037 •	1,300	1,013
2.104% due 07/25/2036 •	17,803	16,251
2.104% due 11/25/2036 •	4,774	4,336
2.184% (US0001M + 0.560%) due 06/25/2037 ~	34,495	16,085
8.589% due 06/27/2037 ~	13,829	7,017
JP Morgan Chase Commercial Mortgage Securities Trust
2.274% due 02/15/2035 •	5,000	4,891
2.287% due 03/05/2042	18,200	15,945
2.620% (US0001M + 1.500%) due 07/05/2033 ~	3,239	3,215
2.713% due 08/15/2049	8,761	8,543
2.774% (US0001M + 1.450%) due 12/15/2031 ~	795	788
3.464% due 10/15/2032 •	545	544
3.648% due 12/15/2049 ~	300	291
4.549% due 07/05/2033	23,176	22,880
JP Morgan Mortgage Trust
2.364% due 10/25/2035 ^~	33	27
2.736% due 04/25/2035 ~	3	3
2.794% due 06/25/2035 ~	60	50
3.414% due 10/25/2035 ~	79	72
5.000% due 07/25/2036	261	175
Legacy Mortgage Asset Trust
1.650% due 11/25/2060 þ	2,302	2,144
1.750% due 07/25/2061 þ	9,696	8,965
1.875% due 10/25/2068 þ	5,184	4,971
1.892% due 10/25/2066 þ	2,258	2,193
1.991% due 09/25/2060 ~	861	841
2.250% due 07/25/2067 þ	2,661	2,492
Lehman Mortgage Trust 5.500% due 02/25/2036 ^	219	133
Lehman XS Trust
1.984% due 11/25/2035 •	4,760	4,544
2.084% due 04/25/2046 ^•	189	215
LoanCore Issuer Ltd. 1.694% (SOFR30A + 0.914%) due 07/15/2035 ~	908	889
Manhattan West Mortgage Trust 2.130% due 09/10/2039	3,400	2,996
MASTR Adjustable Rate Mortgages Trust
1.924% due 03/25/2047 •	2,053	1,908
1.954% due 12/25/2034 •	299	278
2.724% (US0001M + 1.100%) due 09/25/2037 ~	3,500	1,672
2.827% due 07/25/2035 ~	10,146	5,811
3.000% due 12/25/2033 ~	4	4
Mellon Residential Funding Corp. Mortgage Pass-Through Certificates 2.024% due 11/15/2031 •	34	34
Merrill Lynch Mortgage Investors Trust
2.113% due 04/25/2035 ~	9	8
2.244% due 08/25/2028 •	4	4
2.264% (US0001M + 0.640%) due 10/25/2028 ~	41	39
2.344% due 08/25/2035 •	12,000	11,408
2.364% due 03/25/2028 •	6	6
2.596% due 11/25/2035 ~	3,803	3,707
3.027% due 08/25/2033 ~	48	2

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

MFA Trust 1.947% due 04/25/2065 ~	724	698
Mill City Mortgage Loan Trust
1.850% due 11/25/2060 ~	8,550	7,519
2.500% due 11/25/2060 ~	5,358	4,600
Morgan Stanley Capital Trust 2.324% (US0001M + 1.000%) due 05/15/2036 ~	5,347	5,151
Morgan Stanley Mortgage Loan Trust
1.884% (US0001M + 0.260%) due 03/25/2036 ~	1,083	744
2.550% due 10/25/2034 ~	21	21
Morgan Stanley Resecuritization Trust 1.326% (US0001M + 0.160%) due 06/26/2047 ~	13,301	12,133
NAAC Reperforming Loan REMIC Trust 7.500% due 03/25/2034 ^	396	361
New Residential Mortgage Loan Trust
2.750% due 07/25/2059 ~	24,462	23,708
3.250% due 02/25/2059 ~	10,394	10,145
3.500% due 12/25/2057 ~	457	447
4.500% due 05/25/2058 ~	680	676
New York Mortgage Trust 1.670% due 08/25/2061 þ	2,747	2,522
Nomura Asset Acceptance Corp. Alternative Loan Trust 5.754% due 10/25/2034 þ	6,871	6,512
NYO Commercial Mortgage Trust 2.420% due 11/15/2038 •	3,865	3,704
One Market Plaza Trust 3.614% due 02/10/2032	3,200	3,143
One New York Plaza Trust 2.274% due 01/15/2036 •	9,700	9,412
Preston Ridge Partners Mortgage 3.720% due 02/25/2027 þ	12,676	12,223
PRET LLC
1.843% due 09/25/2051 þ	34,940	32,858
2.487% due 10/25/2051 ~	1,400	1,311
RBS Acceptance, Inc. 3.031% due 06/25/2024 ~	3	3
Residential Accredit Loans, Inc. Trust
1.259% due 10/25/2037 ~	914	843
1.984% (US0001M + 0.360%) due 11/25/2036 ~	7,342	4,954
2.004% due 04/25/2046 •	1,277	1,108
2.024% due 10/25/2046 •	8,414	8,146
3.029% due 09/25/2034 ~	4	4
6.000% due 12/25/2035	3,500	3,149
6.500% due 10/25/2036 ^	1,516	1,343
Residential Asset Securitization Trust
2.074% (US0001M + 0.450%) due 02/25/2034 ~	19	18
2.074% (US0001M + 0.450%) due 04/25/2035 ^~	554	320
6.000% due 08/25/2036	3,977	2,277
6.250% due 08/25/2036	1,802	1,350
6.500% due 04/25/2037 ^	4,348	1,467
Residential Funding Mortgage Securities, Inc. Trust
3.173% due 09/25/2035 ~	5,422	3,862
4.850% due 02/25/2036 ^~	35	30
RESIMAC Bastille Trust 1.733% due 09/05/2057 •	621	621
RiverView HECM Trust 3.280% due 05/25/2047 •	10,587	10,089
SACO, Inc. 7.000% due 08/25/2036	3	3
Sequoia Mortgage Trust
1.030% due 02/20/2034 •	81	72
1.865% due 09/20/2032 ~	13	12
2.055% due 02/20/2035 •	60	54
2.077% due 05/20/2034 •	229	218
2.088% due 08/20/2034 ~	61	60
2.190% due 06/20/2034 ~	53	49
2.215% due 11/20/2034 •	21	19
2.224% due 01/20/2047 ^~	388	273
2.295% due 10/19/2026 •	20	19
2.355% due 10/20/2027 •	4	4
2.395% (US0001M + 0.800%) due 10/20/2027 ~	9	9
2.955% due 10/20/2027 •	174	170
SFO Commercial Mortgage Trust 2.474% due 05/15/2038 •	1,800	1,723
SG Commercial Mortgage Securities Trust 2.895% due 10/10/2048	2,393	2,340
Structured Adjustable Rate Mortgage Loan Trust
1.876% due 01/25/2035 ^•	374	327
1.876% due 05/25/2035 ^•	391	314
2.359% due 06/25/2034 •	243	224
2.513% due 04/25/2034 ~	21	21
2.543% due 02/25/2034 ~	36	34
3.147% due 02/25/2036 ^~	49	45
Structured Asset Mortgage Investments Trust
1.774% (US0001M + 0.150%) due 02/25/2037 ~	945	869
1.814% due 09/25/2047 •	1,211	1,123

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

2.164% (US0001M + 0.540%) due 08/25/2035 ~	4,808	4,288
2.184% (US0001M + 0.560%) due 02/25/2036 ^~	188	173
2.195% (US0001M + 0.600%) due 07/19/2034 ~	408	381
2.244% due 12/25/2035 ^•	7,020	5,635
2.295% due 03/19/2034 •	118	111
2.435% due 10/19/2033 •	42	40
Structured Asset Mortgage Investments, Inc. 6.750% due 05/02/2030 ~	64	2
Structured Asset Securities Corp. Mortgage Loan Trust 7.500% due 10/25/2036 ^	1,136	737
Structured Asset Securities Corp. Mortgage Pass-Through Certificates 4.433% due 07/25/2032 ~	1	1
Tharaldson Hotel Portfolio Trust
2.170% (US0001M + 1.050%) due 11/11/2034 ~	11,341	11,016
2.520% due 11/11/2034 •	21,467	20,278
2.770% due 11/11/2034 •	10,693	10,049
3.420% due 11/11/2034 •	21,548	20,104
Thornburg Mortgage Securities Trust 2.140% due 09/25/2037 ~	2,854	2,763
Towd Point Mortgage Trust 2.250% due 12/25/2061 ~	14,049	13,749
UBS Commercial Mortgage Trust 2.174% (US0001M + 0.850%) due 02/15/2032 ~	15,996	15,510
Verus Securitization Trust
0.820% due 10/25/2063 ~	2,399	2,343
1.057% due 10/25/2063 ~	65	63
1.262% due 10/25/2063 ~	97	95
4.130% due 02/25/2067 þ	8,434	8,281
VMC Finance LLC 2.623% due 09/15/2036 •	267	262
Wachovia Bank Commercial Mortgage Trust 1.145% due 10/15/2041 ~(a)	53	0
Wachovia Mortgage Loan Trust LLC 2.317% due 10/20/2035 ~	74	70
WaMu Mortgage Pass-Through Certificates Trust
1.316% due 11/25/2046 •	10,473	9,316
1.476% due 08/25/2046 •	5,159	4,981
1.572% due 11/25/2041 ~	3	3
1.723% (COF 11 + 1.500%) due 08/25/2046 ~	3,525	3,217
1.876% (12MTA + 1.400%) due 06/25/2042 ~	71	66
1.876% (12MTA + 1.400%) due 08/25/2042 ~	1,065	1,012
1.994% due 05/25/2034 •	19,295	19,174
2.164% due 12/25/2045 •	1,820	1,757
2.204% due 07/25/2045 •	183	172
2.364% due 11/25/2034 •	112	104
2.368% due 03/25/2033 ~	67	65
2.404% (US0001M + 0.780%) due 10/25/2044 ~	294	266
2.464% (US0001M + 0.840%) due 06/25/2044 ~	1,272	1,200
2.593% due 01/25/2033 ~	1,021	1,000
2.604% due 10/25/2045 •	1,074	1,023
2.624% due 07/25/2044 •	14	13
2.765% due 08/25/2033 ~	6	6
3.081% due 06/25/2034 ~	28	27
WaMu Mortgage-Backed Pass-Through Certificates 1.826% due 12/19/2039 ~	151	140
Washington Mutual Mortgage Pass-Through Certificates Trust
1.226% due 02/25/2047 ^•	11,962	11,095
1.306% due 11/25/2046 •	14,702	12,621
2.274% (US0001M + 0.650%) due 10/25/2035 ~	384	351
2.623% due 12/25/2032 ~	93	90
2.667% due 11/25/2030 ~	9	9
5.750% due 03/25/2033	64	62
Wells Fargo Commercial Mortgage Trust
2.105% (US0001M + 0.850%) due 12/13/2031 ~	21,320	20,977
2.355% due 12/13/2031 •	17,700	17,318
3.100% (US0001M + 1.845%) due 12/13/2031 ~	1,242	1,184
Wells Fargo Mortgage Loan Trust 3.051% due 09/27/2036 ~	697	674
Wells Fargo Mortgage-Backed Securities Trust 2.751% due 12/25/2036 ^~	56	54
Total Non-Agency Mortgage-Backed Securities (Cost $1,189,490)		1,143,414
ASSET-BACKED SECURITIES 65.8%
510 Asset-Backed Trust 2.240% due 06/25/2061 þ	2,201	2,082
Aames Mortgage Investment Trust 2.539% (US0001M + 0.915%) due 10/25/2035 ~	1,900	1,792
ABFS Mortgage Loan Trust 6.785% due 07/15/2033 þ	612	441
Accredited Mortgage Loan Trust
1.884% (US0001M + 0.260%) due 09/25/2036 ~	974	955
2.704% (US0001M + 1.080%) due 04/25/2035 ~	1,570	1,557
ACE Securities Corp. Home Equity Loan Trust
2.064% due 01/25/2037 •	21,097	6,186
2.064% due 05/25/2037 •	60,589	12,348

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

2.524% due 09/25/2033 •	1,143	1,090
2.674% due 12/25/2033 •	261	252
2.674% due 07/25/2034 •	30	30
AFC Home Equity Loan Trust
2.224% (US0001M + 0.600%) due 06/25/2028 ~	158	154
2.294% due 04/25/2028 •	2	2
Allegro CLO Ltd. 2.209% (US0003M + 1.165%) due 10/16/2031 ~	5,900	5,803
American Home Mortgage Investment Trust 1.804% due 08/25/2035 •	5	3
American Money Management Corp. CLO Ltd. 2.018% due 04/14/2029 •	2,915	2,899
Ameriquest Mortgage Securities Trust
1.784% due 10/25/2036 •	9,831	3,583
1.864% (US0001M + 0.240%) due 10/25/2036 ~	3,262	1,190
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates
2.494% (US0001M + 0.870%) due 10/25/2035 ~	15,670	15,352
2.539% due 01/25/2035 •	619	607
2.674% (US0001M + 1.050%) due 11/25/2034 ~	7,513	7,375
2.734% due 03/25/2035 •	6,305	6,172
3.574% (US0001M + 1.950%) due 06/25/2034 ~	2,165	1,981
Amortizing Residential Collateral Trust 2.624% due 10/25/2034 •	1,860	1,800
AMSR Trust
1.632% due 07/17/2037	47,000	44,158
2.033% due 07/17/2037	11,000	10,339
Apex Credit CLO Ltd. 3.086% due 09/20/2029 •	6,537	6,442
Apidos CLO
1.974% due 07/17/2030 •	2,000	1,972
2.013% due 10/20/2030 •	5,900	5,767
Arbor Realty Commercial Real Estate Notes Ltd.
2.294% (US0001M + 0.970%) due 12/15/2035 ~	11,500	11,188
3.129% due 05/15/2037 •	33,000	32,383
Ares CLO Ltd. 1.914% (US0003M + 0.870%) due 01/15/2029 ~	17,494	17,237
Argent Securities, Inc. Asset-Backed Pass-Through Certificates
2.094% due 01/25/2036 •	20,870	20,412
2.359% due 10/25/2035 •	527	519
2.389% due 10/25/2035 •	37,500	34,221
2.749% (US0001M + 1.125%) due 05/25/2034 ~	1,231	1,081
Arivo Acceptance Auto Loan Receivables Trust 1.190% due 01/15/2027	5,063	4,922
Asset-Backed Funding Certificates Trust
1.904% due 11/25/2036 •	9,022	6,122
2.304% (US0001M + 0.680%) due 04/25/2033 ~	512	476
2.644% due 03/25/2032 •	261	254
Asset-Backed Securities Corp. Home Equity Loan Trust
1.844% due 06/15/2031 •	111	106
2.329% (US0001M + 0.705%) due 11/25/2035 ~	34,424	33,965
2.674% due 04/15/2033 •	27	26
Atlas Senior Loan Fund Ltd. 2.194% due 01/16/2030 •	998	988
BDS Ltd. 2.962% due 12/16/2036 •	11,220	10,771
Bear Stearns Asset-Backed Securities Trust
1.011% (US0001M + 0.500%) due 09/25/2034 ~	36	35
1.874% due 07/25/2036 •	12,524	10,687
1.944% due 08/25/2036 •	374	356
2.174% due 10/25/2036 •	9,128	8,464
2.284% due 10/25/2032 •	10	10
2.314% (US0001M + 0.690%) due 12/25/2035 ~	6,462	6,430
2.359% (US0001M + 0.735%) due 09/25/2035 ~	310	309
2.424% due 10/27/2032 •	12	12
2.524% (US0001M + 0.900%) due 12/25/2033 ~	271	258
2.584% due 04/25/2035 •	80	80
2.624% due 10/25/2037 •	5,397	4,805
2.624% due 11/25/2042 •	84	81
2.674% due 11/25/2035 ^•	908	844
2.718% due 07/25/2036 ~	103	103
2.804% (US0001M + 1.180%) due 06/25/2043 ~	387	368
2.824% due 10/25/2032 •	32	32
2.874% due 08/25/2037 •	1,698	1,680
3.124% due 11/25/2042 •	51	50
3.274% due 11/25/2042 •	188	204
3.739% due 03/25/2035 •	3,000	2,840
5.500% due 01/25/2034 þ	22	20
5.500% due 06/25/2034 þ	225	218
5.500% due 12/25/2035	69	52
5.750% due 10/25/2033 þ	124	127
Benefit Street Partners CLO Ltd. 2.074% (US0003M + 1.030%) due 01/17/2032 ~	7,600	7,404
BNC Mortgage Loan Trust 1.834% due 07/25/2037 •	73,063	66,413
BPCRE Holder LLC 3.907% due 01/18/2037 •	4,800	4,733

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

BSPRT Issuer Ltd. 2.644% due 12/15/2038 •	24,563	23,557
Carlyle Global Market Strategies CLO Ltd. 2.014% (US0003M + 0.970%) due 04/17/2031 ~	1,097	1,073
Carlyle U.S. CLO Ltd. 2.063% (US0003M + 1.000%) due 04/20/2031 ~	8,100	7,950
CarNow Auto Receivables Trust 3.440% due 07/15/2024	4,152	4,139
Carrington Mortgage Loan Trust
2.064% due 04/17/2031 •	55,280	54,284
2.313% due 07/20/2030 •	8,100	8,010
CDC Mortgage Capital Trust
2.244% (US0001M + 0.620%) due 01/25/2033 ~	6	5
2.674% due 01/25/2033 •	63	64
Cedar Funding CLO Ltd. 2.144% (US0003M + 1.100%) due 07/17/2031 ~	5,000	4,902
Centex Home Equity Loan Trust
2.344% due 06/25/2034 •	292	277
2.644% due 03/25/2035 •	1,413	1,234
2.659% (US0001M + 1.035%) due 09/25/2034 ~	69	69
5.660% due 09/25/2034 þ	413	415
Chase Funding Trust
2.204% due 11/25/2034 •	2	2
2.524% due 05/25/2033 •	1,909	1,848
4.537% due 09/25/2032	1	1
Chesapeake Funding LLC
0.870% due 08/15/2032	619	610
1.974% (US0001M + 0.650%) due 08/15/2032 ~	619	617
CIFC Funding Ltd.
2.134% (US0003M + 0.950%) due 10/24/2030 ~	2,900	2,853
2.244% due 10/17/2031 •	4,600	4,522
CIT Group Home Equity Loan Trust 2.599% due 12/25/2031 •	126	124
Citigroup Mortgage Loan Trust
1.704% due 01/25/2037 •	632	486
1.764% (US0001M + 0.140%) due 01/25/2037 ~	12,848	11,666
1.944% due 09/25/2036 •	10,751	9,746
2.144% due 03/25/2036 •	4,931	4,620
2.299% due 11/25/2045 •	451	451
Citigroup Mortgage Loan Trust, Inc.
1.894% due 06/25/2037 •	24,348	22,368
6.050% due 08/25/2035 þ	256	240
6.129% due 08/25/2035 þ	1,424	1,322
CLNC Ltd. 2.874% (TSFR1M + 1.364%) due 08/20/2035 ~	18,248	17,883
College Avenue Student Loans LLC
1.600% due 07/25/2051	11,308	10,019
2.724% due 07/25/2051 •	6,745	6,591
2.824% due 12/26/2047 •	4,705	4,593
3.280% due 12/28/2048	11,840	11,485
4.130% due 12/26/2047	6,421	6,168
Conseco Finance Securitizations Corp. 8.260% due 12/01/2030 ~	22,581	7,129
CoreVest American Finance Trust 1.358% due 08/15/2053	13,145	11,891
Countrywide Asset-Backed Certificates
2.524% due 05/25/2032 •	166	159
2.624% due 09/25/2032 •	147	142
Countrywide Asset-Backed Certificates Trust
1.764% due 06/25/2035 •	18,587	17,313
1.774% (US0001M + 0.150%) due 01/25/2037 ~	7,579	7,485
1.774% due 09/25/2046 •	6,159	6,118
1.814% due 11/25/2037 •	23	23
1.844% due 06/25/2047 ^•	18,740	17,520
1.874% due 01/25/2037 •	4,596	4,487
1.904% (US0001M + 0.140%) due 03/25/2047 ~	1,321	1,306
1.914% due 10/25/2047 •	39,229	35,463
2.124% due 04/25/2046 ^•	7,853	7,458
2.164% due 09/25/2036 •	708	707
2.209% due 06/25/2036 •	14,975	14,207
2.314% due 04/25/2036 •	6,475	6,249
2.344% (US0001M + 0.720%) due 05/25/2036 ~	50,400	48,668
2.404% (US0001M + 0.780%) due 05/25/2036 ~	32,300	29,006
2.419% due 02/25/2036 •	335	335
2.584% (US0001M + 0.960%) due 12/25/2035 ~	9,500	9,151
2.719% due 04/25/2036 ^•	5,500	5,218
2.764% due 08/25/2035 •	11,400	11,037
5.125% due 12/25/2034 ~	2,290	2,235
6.547% due 05/25/2036 ^þ	306	255
Countrywide Asset-Backed Certificates Trust, Inc.
2.364% due 12/25/2034 •	17	16
2.364% (US0001M + 0.740%) due 08/25/2047 ~	711	684
2.404% due 11/25/2034 •	292	276
2.599% due 10/25/2034 •	1,195	1,168
Credit Suisse ABS Trust 2.610% due 10/15/2026	5,883	5,770

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Credit Suisse First Boston Mortgage Securities Corp. 2.244% due 01/25/2032 •	5	5
Credit-Based Asset Servicing & Securitization LLC
1.924% (US0001M + 0.300%) due 05/25/2036 ~	5,261	3,705
2.944% due 12/25/2035 •	1,377	1,323
6.780% due 05/25/2035 þ	237	219
CWHEQ Revolving Home Equity Loan Trust 1.514% due 04/15/2032 •	389	387
Dryden Senior Loan Fund
2.014% due 04/15/2031 •	9,200	8,977
2.014% due 04/18/2031 •	6,600	6,473
2.064% due 04/15/2029 •	1,131	1,115
ECMC Group Student Loan Trust
2.624% due 01/27/2070 •	10,096	9,876
2.774% due 11/25/2069 •	7,701	7,533
Elevation CLO Ltd. 2.134% (US0003M + 0.950%) due 10/25/2030 ~	15,450	15,160
Ellington Loan Acquisition Trust 3.124% (US0001M + 1.500%) due 05/25/2037 ~	2,069	2,024
EMC Mortgage Loan Trust 3.124% (US0001M + 1.500%) due 08/25/2040 ~	153	148
Encore Credit Receivables Trust
2.314% (US0001M + 0.690%) due 07/25/2035 ~	421	410
2.554% due 11/25/2035 •	11,430	10,977
EquiFirst Mortgage Loan Trust 4.250% due 09/25/2033 þ	130	123
Equity One Mortgage Pass-Through Trust 2.304% due 07/25/2034 •	4	4
First Franklin Mortgage Loan Trust
1.734% due 12/25/2037 •	49,880	47,080
1.744% due 11/25/2036 •	42,233	38,618
1.934% (US0001M + 0.310%) due 11/25/2036 ~	25,256	21,674
1.944% (US0001M + 0.320%) due 06/25/2036 ~	12,883	12,495
2.299% due 11/25/2035 •	1,945	1,917
2.374% due 12/25/2035 •	20,368	19,482
3.499% due 07/25/2034 •	2,771	2,702
First NLC Trust
1.764% due 08/25/2037 •	27,647	15,680
1.904% due 08/25/2037 •	1,510	860
FirstKey Homes Trust 1.339% due 08/17/2037	3,081	2,861
Flagship Credit Auto Trust 0.700% due 04/15/2025	176	175
Fremont Home Loan Trust
1.759% due 10/25/2036 •	34,461	31,321
1.764% due 01/25/2037 •	8,780	5,112
2.479% due 07/25/2034 •	3,891	3,720
Gallatin CLO Ltd. 2.134% due 07/15/2031 •	11,200	10,970
GoldenTree Loan Management U.S. CLO Ltd. 1.973% due 11/20/2030 •	1,450	1,419
Greystone Commercial Real Estate Notes Ltd. 2.504% (US0001M + 1.180%) due 09/15/2037 ~	1,600	1,578
GSAMP Trust
1.764% (US0001M + 0.140%) due 12/25/2036 ~	858	491
1.924% due 10/25/2036 ^•	5,069	58
2.074% due 06/25/2036 •	12,850	10,368
2.359% due 09/25/2035 ^•	8,798	8,641
Halseypoint Clo Ltd.
2.163% due 07/20/2031 •	11,000	10,876
2.736% due 11/30/2032 •	6,100	5,998
HERA Commercial Mortgage Ltd. 2.662% due 02/18/2038 •	5,200	5,116
Home Equity Asset Trust
2.224% (US0001M + 0.600%) due 11/25/2032 ~	1	1
2.524% due 12/25/2035 •	14,400	14,151
2.539% due 03/25/2035 •	4,708	4,628
2.544% (US0001M + 0.920%) due 02/25/2033 ~	1	1
Home Equity Loan Trust 1.814% due 04/25/2037 •	3,411	3,210
Home Equity Mortgage Loan Asset-Backed Trust 1.784% due 07/25/2037 •	90	54
Home Equity Mortgage Trust 5.800% due 05/25/2036 ^þ	39	38
HSI Asset Loan Obligation Trust 1.744% due 12/25/2036 •	10	3
HSI Asset Securitization Corp. Trust 2.164% due 12/25/2035 •	2,460	2,439
IMC Home Equity Loan Trust 7.310% due 11/20/2028	6	6
IndyMac Home Equity Mortgage Loan Asset-Backed Trust 3.649% due 07/25/2034 •	306	299
IXIS Real Estate Capital Trust
1.824% (US0001M + 0.200%) due 01/25/2037 ~	11,443	4,609
1.944% due 08/25/2036 •	22,914	6,909
2.084% due 01/25/2037 •	41,801	17,006

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Jamestown CLO Ltd. 2.384% (US0003M + 1.340%) due 04/15/2033 ~	1,000	980
JP Morgan Mortgage Acquisition Corp.
2.254% (US0001M + 0.630%) due 05/25/2035 ~	21,779	20,611
2.599% (US0001M + 0.975%) due 12/25/2035 ~	5,000	4,799
3.424% due 07/25/2035 •	10,000	8,876
JP Morgan Mortgage Acquisition Trust
1.784% due 08/25/2036 •	1	1
1.844% due 08/25/2036 •	635	467
KKR CLO Ltd. 1.984% due 07/18/2030 •	1,000	984
LCCM Trust 2.774% due 11/15/2038 •	15,457	15,035
LCM LP 1.914% due 07/19/2027 •	17,842	17,544
LCM Ltd.
1.951% due 07/20/2030 •	21,300	20,959
2.133% due 01/20/2031 •	4,580	4,508
Lehman XS Trust
2.084% (US0001M + 0.460%) due 03/25/2036 ~	7,900	7,494
2.104% (US0001M + 0.480%) due 03/25/2037 ~	13,169	12,576
Lendingpoint Asset Securitization Trust
1.680% due 06/15/2029	5,331	5,249
4.770% due 10/15/2029	2,800	2,796
LendingPoint Pass-Through Trust 5.700% due 07/15/2029	2,785	2,788
LMREC LLC 2.674% (US0001M + 1.050%) due 04/22/2037 ~	6,818	6,701
LoanCore Issuer Ltd. 2.454% due 05/15/2036 •	224	223
Long Beach Mortgage Loan Trust
1.784% due 11/25/2036 •	14,227	5,031
1.924% due 05/25/2036 •	14,474	8,838
1.924% due 09/25/2036 •	1,322	888
1.984% (US0001M + 0.360%) due 05/25/2046 ~	24,046	8,551
2.244% due 08/25/2033 •	244	234
2.479% due 07/25/2034 •	127	121
2.674% (US0001M + 1.050%) due 10/25/2034 ~	45	45
2.674% due 06/25/2035 •	12,063	11,803
3.049% (US0001M + 0.950%) due 03/25/2032 ~	87	86
Lument Finance Trust, Inc. 2.494% due 06/15/2039 •	1,000	980
Madison Park Funding Ltd. 2.195% due 07/27/2031 •	2,400	2,358
Magnetite Ltd.
2.024% due 04/15/2031 •	6,800	6,715
2.291% due 11/15/2028 •	15,480	15,243
Marathon CLO Ltd. 2.194% due 04/15/2029 •	4,651	4,593
Massachusetts Educational Financing Authority 2.134% due 04/25/2038 •	240	240
MASTR Asset-Backed Securities Trust
1.884% due 08/25/2036 •	12,541	6,909
2.374% (US0001M + 0.750%) due 12/25/2034 ^~	334	324
2.449% (US0001M + 0.825%) due 10/25/2034 ~	547	534
MASTR Specialized Loan Trust 2.474% (US0001M + 0.850%) due 05/25/2037 ~	244	39
Merrill Lynch First Franklin Mortgage Loan Trust 4.624% (US0001M + 3.000%) due 10/25/2037 ~	141	139
Merrill Lynch Mortgage Investors Trust
1.744% due 10/25/2037 ^•	304	128
1.784% due 09/25/2037 •	94	52
1.804% due 06/25/2037 •	658	213
MF1 Ltd.
2.142% (SOFR30A + 1.350%) due 02/19/2037 ~	26,425	25,458
2.623% due 07/16/2036 •	28,718	27,837
2.692% due 10/16/2036 •	25,000	24,000
2.960% due 06/19/2037 •	16,500	16,195
3.148% (TSFR1M + 1.814%) due 11/15/2035 ~	35,087	34,968
MFA Trust 2.363% due 03/25/2060 þ	2,141	2,068
MKS CLO Ltd. 2.063% (US0003M + 1.000%) due 07/20/2030 ~	16,900	16,694
Morgan Stanley ABS Capital, Inc. Trust
1.684% (US0001M + 0.060%) due 05/25/2037 ~	85	75
1.724% (US0001M + 0.100%) due 11/25/2036 ~	8,261	4,408
1.754% due 01/25/2037 •	55,968	25,966
1.924% (US0001M + 0.300%) due 06/25/2036 ~	526	459
1.964% (US0001M + 0.340%) due 03/25/2037 ~	20,624	9,918
2.104% (US0001M + 0.480%) due 06/25/2036 ~	6,826	6,028
2.119% due 03/25/2036 •	19,064	18,246
2.284% (US0001M + 0.660%) due 11/25/2035 ~	2,260	2,197
3.624% due 07/25/2037 ^•	303	287
Morgan Stanley Capital, Inc. Trust
2.164% due 03/25/2036 •	6,535	5,490
2.179% due 01/25/2036 •	7,117	5,689

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Morgan Stanley Dean Witter Capital, Inc. Trust
2.974% due 02/25/2033 •	45	44
4.099% due 01/25/2032 •	103	143
Morgan Stanley Mortgage Loan Trust
1.944% (US0001M + 0.320%) due 11/25/2036 ~	575	78
2.144% due 10/25/2036 •	1,292	475
Mountain View CLO LLC 2.134% (US0003M + 1.090%) due 10/16/2029 ~	971	959
Mountain View CLO Ltd. 2.164% due 07/15/2031 •	1,500	1,472
MP CLO Ltd. 1.934% due 10/18/2028 •	3,333	3,271
Nationstar Home Equity Loan Trust
1.904% due 03/25/2037 •	5,632	5,141
1.994% due 09/25/2036 •	5,483	4,835
Navient Private Education Loan Trust
1.330% due 04/15/2069	660	607
2.324% due 04/15/2069 •	2,376	2,340
2.650% due 12/15/2028	1,038	1,029
2.740% due 02/15/2029	159	159
2.774% due 07/16/2040 •	3,720	3,709
3.910% due 12/15/2045	3,246	3,220
Navient Private Education Refi Loan Trust
1.310% due 01/15/2069	2,309	2,154
1.690% due 05/15/2069	1,557	1,461
Navient Student Loan Trust
2.004% due 03/25/2067 •	4,537	4,522
2.674% (US0001M + 1.050%) due 12/27/2066 ~	9,437	9,322
Nelnet Student Loan Trust
2.424% due 09/25/2065 •	13,803	13,610
2.524% (US0001M + 0.900%) due 06/27/2067 ~	28,284	28,053
New Century Home Equity Loan Trust
1.984% due 05/25/2036 •	115	112
2.299% due 02/25/2036 •	8,978	8,706
Newcastle Mortgage Securities Trust 2.209% (US0001M + 0.585%) due 03/25/2036 ~	11,750	11,676
Nomura Home Equity Loan, Inc. Home Equity Loan Trust 2.119% due 03/25/2036 •	7,620	7,086
North Carolina State Education Assistance Authority 1.984% (US0003M + 0.800%) due 07/25/2036 ~	3,986	3,953
NovaStar Mortgage Funding Trust
1.724% (US0001M + 0.100%) due 03/25/2037 ~	11	4
2.359% due 01/25/2036 •	25,000	23,617
2.404% due 05/25/2033 •	1	1
Octagon Investment Partners Ltd. 2.014% due 04/15/2031 •	4,040	3,943
Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates 2.599% due 07/25/2035 •	6,091	5,972
Option One Mortgage Loan Trust
2.164% due 01/25/2036 •	25,000	23,399
2.404% due 02/25/2035 •	446	432
2.419% due 05/25/2034 •	11	11
Option One Mortgage Loan Trust Asset-Backed Certificates 2.112% (US0001M + 0.500%) due 08/20/2030 ~	1	1
OSD CLO Ltd. 1.914% due 04/17/2031 •	10,800	10,564
OZLM Ltd.
2.024% (US0003M + 0.980%) due 10/17/2029 ~	13,117	12,940
2.054% due 07/17/2029 •	1,432	1,418
2.064% due 04/15/2031 •	4,600	4,500
2.313% due 07/20/2030 •	1,888	1,865
2.441% due 05/16/2030 •	8,900	8,749
Pagaya AI Debt Selection Trust
1.530% due 08/15/2029	23,826	23,072
2.030% due 10/15/2029	5,711	5,517
4.970% due 01/15/2030	4,200	4,173
Palmer Square Loan Funding Ltd.
1.844% (US0003M + 0.800%) due 10/15/2029 ~	4,205	4,129
1.863% (US0003M + 0.800%) due 07/20/2029 ~	2,166	2,139
2.084% due 10/24/2027 •	1,996	1,988
2.278% due 02/20/2028 •	697	693
2.328% (US0003M + 0.850%) due 08/20/2027 ~	464	463
Park Place Securities, Inc. Asset-Backed Pass-Through Certificates 2.674% due 10/25/2034 •	8,123	7,982
Popular ABS Mortgage Pass-Through Trust 3.372% due 01/25/2036 ^þ	198	178
PRET LLC
1.744% due 07/25/2051 þ	3,912	3,670
1.868% due 07/25/2051 þ	4,770	4,308
2.487% due 07/25/2051 þ	8,861	8,326
2.487% due 10/25/2051 þ	15,715	14,775
3.721% due 07/25/2051 þ	18,333	17,497
5.240% due 04/25/2052 þ	13,363	13,147
6.170% due 06/25/2052 «þ	24,300	24,388
Pretium Mortgage Credit Partners LLC 2.240% due 09/27/2060 þ	1,185	1,127

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

RAAC Trust
2.134% (US0001M + 0.510%) due 02/25/2036 ~	494	493
5.374% due 12/25/2035 •	1,447	1,429
Rad CLO Ltd. 2.304% (US0003M + 1.120%) due 07/24/2032 ~	14,400	14,000
Regatta Funding Ltd. 2.294% due 10/17/2030 •	3,400	3,361
Renaissance Home Equity Loan Trust
2.724% (US0001M + 1.100%) due 09/25/2037 ~	611	304
2.824% (US0001M + 1.200%) due 08/25/2032 ~	633	605
2.864% due 03/25/2033 •	10	10
4.934% due 08/25/2035 þ	38	37
Residential Asset Mortgage Products Trust
2.164% (US0001M + 0.540%) due 02/25/2036 ~	13,559	12,857
2.224% (US0001M + 0.400%) due 02/25/2036 ~	2,241	2,215
2.224% (US0001M + 0.300%) due 05/25/2036 ^~	13,609	12,531
2.404% due 09/25/2035 •	2,450	2,290
Residential Asset Securities Corp. Trust
1.884% (US0001M + 0.260%) due 07/25/2036 ~	2,170	2,155
2.204% due 06/25/2033 •	564	513
2.269% (US0001M + 0.430%) due 03/25/2035 ~	232	231
2.269% due 01/25/2036 •	11,480	10,878
3.544% (US0001M + 1.280%) due 07/25/2035 ~	1,645	1,571
SACO Trust
1.984% (US0001M + 0.360%) due 05/25/2036 ~	148	168
2.144% due 06/25/2036 ^•	25	24
SACO, Inc. 2.374% (US0001M + 0.750%) due 07/25/2035 ~	53	47
Salomon Mortgage Loan Trust 2.524% (US0001M + 0.900%) due 11/25/2033 ~	58	55
Saxon Asset Securities Trust
1.864% due 05/25/2047 •	6,813	5,052
1.934% due 09/25/2037 •	1,036	996
2.164% (US0001M + 0.540%) due 03/25/2035 ~	585	545
2.494% due 08/25/2035 •	4,440	4,249
3.374% (US0001M + 1.750%) due 12/25/2037 ~	9,468	9,290
Sculptor CLO Ltd. 2.314% (US0003M + 1.270%) due 01/15/2031 ~	5,400	5,284
Securitized Asset-Backed Receivables LLC Trust
1.724% due 10/25/2036 ^•	747	284
1.774% due 12/25/2036 •	20,654	13,447
1.804% due 05/25/2037 •	24,742	19,703
2.124% due 03/25/2036 •	3,694	2,423
SG Mortgage Securities Trust 1.884% due 07/25/2036 •	51,464	25,596
Shenton Aircraft Investment Ltd. 4.750% due 10/15/2042	8,347	7,242
SLC Student Loan Trust
2.399% due 11/25/2042 •	1,316	1,304
3.688% due 06/15/2022	3,366	3,258
SLM Private Credit Student Loan Trust 2.159% due 06/15/2039 •	1,778	1,694
SLM Student Loan Trust
2.084% due 07/25/2023 •	9,992	9,791
2.684% (US0003M + 1.500%) due 04/25/2023 ~	12,709	12,615
2.884% (US0003M + 1.700%) due 07/25/2023 ~	6,746	6,739
3.029% due 12/15/2033 •	18,555	17,801
SMB Private Education Loan Trust
1.600% due 09/15/2054	23,903	21,797
1.830% due 02/16/2055 •	24,600	24,512
2.474% (US0001M + 0.850%) due 09/15/2054 ~	10,124	9,903
2.880% due 09/15/2034	1,349	1,320
3.940% due 02/16/2055	20,400	19,918
SoFi Professional Loan Program LLC
2.370% due 11/16/2048	23,716	22,899
2.630% due 07/25/2040	5,838	5,782
2.740% due 05/25/2040	3,808	3,780
SoFi Professional Loan Program Trust 1.950% due 02/15/2046	1,588	1,512
Sound Point CLO Ltd.
2.043% due 10/20/2030 •	15,300	15,024
2.084% (US0003M + 0.900%) due 01/23/2029 ~	1,133	1,117
2.113% due 10/20/2028 •	20,831	20,580
2.164% due 07/25/2030 •	30,500	29,997
2.174% due 01/23/2029 •	4,174	4,124
2.183% (US0003M + 1.120%) due 01/21/2031 ~	7,000	6,887
2.194% (US0003M + 1.150%) due 04/18/2031 ~	10,400	10,250
2.314% due 07/26/2031 •	8,300	8,116
Soundview Home Loan Trust
1.704% due 06/25/2037 •	3,845	2,777
1.794% due 07/25/2037 •	31,076	27,594
1.794% due 08/25/2037 •	25,599	22,668
1.874% due 08/25/2037 •	3,000	2,665
2.524% (US0001M + 0.900%) due 10/25/2037 ~	72,127	56,772
2.624% (US0001M + 1.000%) due 09/25/2037 ~	8,577	6,605
2.924% due 11/25/2033 •	14	14

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

South Carolina Student Loan Corp. 2.580% due 09/03/2024 •	75	75
Specialty Underwriting & Residential Finance Trust
1.904% due 06/25/2037 •	33,745	31,273
1.924% due 06/25/2037 •	19,143	11,884
2.524% due 06/25/2036 •	13,792	13,249
Stratus CLO Ltd.
1.963% due 12/28/2029 •	10,316	10,136
2.013% due 12/29/2029 •	10,235	10,067
Structured Asset Investment Loan Trust
2.389% due 08/25/2035 •	917	889
2.599% due 09/25/2034 •	14	14
2.899% (US0001M + 1.275%) due 12/25/2034 ~	813	790
Structured Asset Securities Corp. Mortgage Loan Trust
1.784% due 01/25/2037 •	6,081	5,856
1.884% due 05/25/2047 •	9,971	8,896
2.749% (US0001M + 1.125%) due 04/25/2035 ~	922	901
Structured Asset Securities Corp. Mortgage Pass-Through Certificates 3.375% due 08/25/2031	15	15
Symphony Static CLO Ltd. 2.014% (US0003M + 0.830%) due 10/25/2029 ~	11,622	11,413
TCI-Symphony CLO Ltd. 2.041% due 10/13/2032 •	13,200	12,882
TCW CLO Ltd. 2.154% (US0003M + 0.970%) due 04/25/2031 ~	21,700	21,236
Theorem Funding Trust 1.850% due 02/15/2028	3,956	3,880
THL Credit Wind River Clo Ltd.
2.124% due 04/15/2031 •	12,300	11,996
2.184% due 01/15/2031 •	1,260	1,239
TICP CLO Ltd. 2.044% (US0003M + 0.830%) due 04/26/2028 ~	3,122	3,094
Towd Point Mortgage Trust
1.636% due 04/25/2060 ~	48,190	44,827
2.624% due 10/25/2059 •	559	550
2.710% due 01/25/2060 ~	45,672	43,953
2.900% due 10/25/2059 ~	15,494	15,048
3.000% due 11/25/2058 ~	1,842	1,821
3.324% due 10/25/2059 •	11,615	11,188
TPG Real Estate Finance Issuer Ltd. 2.424% due 02/15/2039 •	6,500	6,333
Tricon American Homes
1.499% due 07/17/2038	26,446	24,116
2.049% due 07/17/2038	5,280	4,851
2.249% due 07/17/2038	3,300	3,034
TruPS Financials Note Securitization Ltd. 3.666% due 09/20/2039 •	20,410	19,287
UCFC Manufactured Housing Contract 7.900% due 01/15/2028 ^~	98	88
Upstart Pass-Through Trust Series 3.800% due 04/20/2030 «	5,446	5,383
Upstart Securitization Trust
3.120% due 03/20/2032	11,523	11,267
4.370% due 05/20/2032	15,600	15,426
Upstart Structured Pass Throug 4.250% due 06/17/2030	1,534	1,507
Venture CLO Ltd.
1.924% due 07/15/2027 •	2,025	2,025
1.963% due 10/20/2028 •	6,094	6,022
2.083% due 04/20/2029 •	2,600	2,567
2.104% due 07/15/2031 •	2,000	1,966
2.113% due 07/20/2030 •	9,700	9,583
2.163% (US0003M + 1.100%) due 01/20/2029 ~	14,259	14,122
2.401% due 09/07/2030 •	10,900	10,752
2.446% due 07/30/2032 •	12,900	12,548
2.628% due 08/28/2029 •	14,460	14,366
Vibrant CLO Ltd. 3.046% due 06/20/2029 •	1,045	1,030
Voya CLO Ltd.
2.044% (US0003M + 1.000%) due 10/15/2030 ~	8,000	7,864
2.104% due 04/15/2031 •	5,000	4,910
Washington Mutual Asset-Backed Certificates Trust 1.684% due 10/25/2036 •	83	37
Wellfleet CLO Ltd.
1.953% due 04/20/2029 •	7,048	6,999
1.953% due 07/20/2029 •	1,033	1,022
1.973% due 04/20/2028 •	3,681	3,650
2.123% (US0003M + 1.060%) due 10/20/2029 ~	4,775	4,716
Wells Fargo Home Equity Asset-Backed Securities Trust
1.969% due 01/25/2037 •	7,099	6,809
3.199% (US0001M + 1.575%) due 02/25/2035 ~	774	775

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Wells Fargo Home Equity Trust Mortgage Pass-Through Certificates 2.569% due 04/25/2034 •	9		9
Total Asset-Backed Securities (Cost $3,203,551)			3,096,012
SHORT-TERM INSTRUMENTS 1.3%
REPURCHASE AGREEMENTS (f) 0.0%			1,690
U.S. TREASURY BILLS 1.3%
1.371% due 07/26/2022 - 09/15/2022 (c)(d)(j)	61,578		61,458
Total Short-Term Instruments (Cost $63,144)			63,148
Total Investments in Securities (Cost $5,715,903)			5,565,255
	SHARES
INVESTMENTS IN AFFILIATES 6.3%
SHORT-TERM INSTRUMENTS 6.3%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 6.3%
PIMCO Short-Term Floating NAV Portfolio III	30,485,348		295,830
Total Short-Term Instruments (Cost $295,930)			295,830
Total Investments in Affiliates (Cost $295,930)			295,830
Total Investments 124.5% (Cost $6,011,833)		$	5,861,085
Financial Derivative Instruments(g)(i)(0.5)%(Cost or Premiums, net $9,396)			(21,873)
Other Assets and Liabilities, net (24.0)%			(1,130,694)
Net Assets 100.0%		$	4,708,518

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 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).
~	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)	Security is an Interest Only ("IO") or IO Strip.
(b)	Principal only security.
(c)	Coupon represents a weighted average yield to maturity.
(d)	Zero coupon security.
(e)	Perpetual maturity; date shown, if applicable, represents next contractual call date.
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		0.400%	06/30/2022	07/01/2022	$		1,690			U.S. Treasury Notes 3.000% due 06/30/2024												$			(1,724)								$		1,690					$					1,690
Total Repurchase Agreements																						$			(1,724)								$		1,690					$					1,690
(1)	Includes accrued interest.
(g)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
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	75					$	188							$	(70)							$				(93)
Call - CME 3-Month SOFR Active Contract December 2023 Futures											98.000			12/15/2023	75						188								(61)											(60)
Total Written Options																								$						(131)							$				(153)
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 September Futures						09/2022		809				$	169,903				$		(515)								$					455							$					0
SHORT FUTURES CONTRACTS
																											Variation Margin
Description						Expiration Month		# of Contracts					Notional Amount						Unrealized Appreciation/ (Depreciation)													Asset												Liability
U.S. Treasury 5-Year Note September Futures						09/2022		172				$	(19,307)				$		86								$					0							$					(121)
U.S. Treasury 10-Year Note September Futures						09/2022		2,177					(258,043)						2,416													0												(2,211)
U.S. Treasury 30-Year Bond September Futures						09/2022		760					(105,355)						(4,770)													0												(1,282)
																$		(2,268)								$					0							$					(3,614)
Total Futures Contracts																$		(2,783)								$					455							$					(3,614)

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

SWAP AGREEMENTS:
INTEREST RATE SWAPS
													Variation Margin
Pay/ Receive Floating Rate	Floating Rate Index	Fixed Rate	Payment Frequency	Maturity Date		Notional Amount		Premiums Paid/ (Received)		Unrealized Appreciation/ (Depreciation)		Market Value			Asset		Liability
Pay	1-Day USD-SOFR Compounded-OIS	1.573%	Annual	02/28/2027	$	6,800	$	(12)	$	(325)	$	(337)		$	37	$	0
Pay	1-Day USD-SOFR Compounded-OIS	1.928	Annual	03/25/2027		11,500		(24)		(374)		(398)			64		0
Pay	1-Day USD-SOFR Compounded-OIS	1.620	Annual	04/18/2027		10,700		(34)		(508)		(542)			59		0
Pay	1-Day USD-SOFR Compounded-OIS	1.783	Annual	04/22/2027		8,000		(28)		(317)		(345)			45		0
Pay	1-Day USD-SOFR Compounded-OIS	1.788	Annual	05/03/2027		8,100		(28)		(326)		(354)			45		0
Receive	1-Day USD-SOFR Compounded-OIS	1.000	Annual	06/15/2027		12,600		501		541		1,042			0		(69)
Pay	1-Day USD-SOFR Compounded-OIS	2.250	Annual	06/17/2027		17,800		(71)		(364)		(435)			102		0
Pay	1-Day USD-SOFR Compounded-OIS	2.370	Annual	06/21/2027		12,300		(50)		(184)		(234)			71		0
Pay	1-Day USD-SOFR Compounded-OIS	2.605	Annual	06/28/2027		12,100		(61)		(39)		(100)			70		0
Receive(1)	1-Day USD-SOFR Compounded-OIS	2.450	Annual	10/04/2027		16,870		0		291		291			0		(95)
Pay	1-Day USD-SOFR Compounded-OIS	1.618	Annual	02/09/2029		102,000		(243)		(6,411)		(6,654)			660		0
Pay	1-Day USD-SOFR Compounded-OIS	1.888	Annual	03/22/2029		8,500		(23)		(408)		(431)			56		0
Pay	1-Day USD-SOFR Compounded-OIS	2.185	Annual	04/21/2029		7,400		(19)		(229)		(248)			50		0
Pay	1-Day USD-SOFR Compounded-OIS	1.000	Annual	06/15/2029		4,100		(165)		(294)		(459)			26		0
Pay	1-Day USD-SOFR Compounded-OIS	1.650	Annual	02/08/2032		6,400		(24)		(560)		(584)			50		0
Pay	1-Day USD-SOFR Compounded-OIS	1.770	Annual	02/14/2032		5,700		(20)		(442)		(462)			45		0
Pay	1-Day USD-SOFR Compounded-OIS	1.730	Annual	02/24/2032		6,100		(23)		(497)		(520)			48		0
Pay	1-Day USD-SOFR Compounded-OIS	1.765	Annual	03/16/2032		2,100		(10)		(165)		(175)			17		0
Pay	1-Day USD-SOFR Compounded-OIS	1.817	Annual	04/05/2032		23,300		(115)		(1,759)		(1,874)			188		0
Pay	1-Day USD-SOFR Compounded-OIS	1.872	Annual	04/06/2032		11,800		(61)		(832)		(893)			95		0
Pay	1-Day USD-SOFR Compounded-OIS	1.250	Annual	06/15/2032		71,100		(5,283)		(4,301)		(9,584)			557		0
Pay	1-Day USD-SOFR Compounded-OIS	1.750	Annual	06/15/2032		51,180		(2,503)		(2,138)		(4,641)			416		0
Receive	1-Day USD-SOFR Compounded-OIS	1.750	Annual	06/15/2052		174,500		20,937		10,855		31,792			0		(1,562)
Receive	3-Month USD-LIBOR	2.000	Semi-Annual	06/15/2023		42,500		434		39		473			0		(30)
Pay(1)	3-Month USD-LIBOR	1.270	Semi-Annual	11/04/2023		115,600		(2,144)		(494)		(2,638)			152		0
Pay	3-Month USD-LIBOR	1.000	Semi-Annual	01/26/2024		10,800		(12)		(343)		(355)			18		0
Pay(1)	3-Month USD-LIBOR	1.700	Semi-Annual	03/06/2024		99,000		(123)		(1,572)		(1,695)			142		0
Receive	3-Month USD-LIBOR	0.928	Semi-Annual	05/06/2026		10,100		(14)		805		791			0		(48)
Pay	3-Month USD-LIBOR	0.500	Semi-Annual	06/16/2026		69,500		(2,078)		(4,630)		(6,708)			325		0
Receive	3-Month USD-LIBOR	3.000	Semi-Annual	06/19/2026		176,400		(6,234)		6,745		511			0		(879)
Receive	3-Month USD-LIBOR	1.250	Semi-Annual	12/15/2026		2,500		(54)		243		189			0		(14)
Receive	3-Month USD-LIBOR	1.750	Semi-Annual	12/21/2026		105,400		6,095		(273)		5,822			0		(538)
Pay	3-Month USD-LIBOR	1.380	Semi-Annual	01/04/2027		14,500		(33)		(934)		(967)			75		0
Pay	3-Month USD-LIBOR	1.570	Semi-Annual	01/12/2027		5,300		(11)		(297)		(308)			30		0
Pay	3-Month USD-LIBOR	1.425	Semi-Annual	01/18/2027		10,200		(26)		(639)		(665)			58		0
Pay	3-Month USD-LIBOR	1.418	Semi-Annual	01/20/2027		5,000		(8)		(320)		(328)			28		0
Pay	3-Month USD-LIBOR	1.580	Semi-Annual	02/16/2027		10,400		(28)		(590)		(618)			61		0
Receive	3-Month USD-LIBOR	1.500	Semi-Annual	06/21/2027		13,600		1,179		(197)		982			0		(71)
Pay	3-Month USD-LIBOR	0.500	Semi-Annual	06/16/2028		62,849		(3,257)		(5,532)		(8,789)			379		0
Pay	3-Month USD-LIBOR	1.265	Semi-Annual	09/28/2028		8,100		(16)		(786)		(802)			51		0
Pay	3-Month USD-LIBOR	1.500	Semi-Annual	12/15/2028		35,446		706		(3,931)		(3,225)			228		0
Receive	3-Month USD-LIBOR	1.379	Semi-Annual	12/22/2028		7,800		(18)		790		772			0		(49)
Pay	3-Month USD-LIBOR	1.518	Semi-Annual	01/20/2029		3,000		(7)		(253)		(260)			20		0
Pay	3-Month USD-LIBOR	1.630	Semi-Annual	01/26/2029		5,100		(13)		(395)		(408)			34		0
Receive	3-Month USD-LIBOR	2.000	Semi-Annual	12/10/2029		14,800		(25)		1,056		1,031			0		(105)
Receive	3-Month USD-LIBOR	1.500	Semi-Annual	12/18/2029		11,800		367		865		1,232			0		(81)
Receive	3-Month USD-LIBOR	1.750	Semi-Annual	01/15/2030		49,400		(587)		4,654		4,067			0		(357)
Receive	3-Month USD-LIBOR	2.000	Semi-Annual	02/12/2030		28,600		(505)		2,389		1,884			0		(213)
Receive	3-Month USD-LIBOR	2.000	Semi-Annual	03/10/2030		14,100		(13)		954		941			0		(103)
Receive	3-Month USD-LIBOR	1.250	Semi-Annual	06/17/2030		320,180		13,563		27,557		41,120			0		(2,287)
Receive	3-Month USD-LIBOR	1.000	Semi-Annual	12/16/2030		9,102		40		1,368		1,408			0		(67)

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Pay		3-Month USD-LIBOR		0.750	Semi-Annual		06/16/2031			44,422						(3,914)				(4,215)				(8,129)					328					0
Receive		3-Month USD-LIBOR		1.405	Semi-Annual		09/07/2031			10,100						(49)				1,364				1,315					0					(79)
Pay		3-Month USD-LIBOR		1.500	Semi-Annual		10/05/2031			6,100						(18)				(754)				(772)					48					0
Pay		3-Month USD-LIBOR		1.535	Semi-Annual		10/15/2031			6,100						(14)				(743)				(757)					49					0
Pay		3-Month USD-LIBOR		1.535	Semi-Annual		10/22/2031			4,000						(11)				(487)				(498)					32					0
Pay		3-Month USD-LIBOR		1.545	Semi-Annual		10/26/2031			4,000						(11)				(484)				(495)					32					0
Pay		3-Month USD-LIBOR		1.735	Semi-Annual		01/12/2032			4,000						(13)				(410)				(423)					32					0
Pay		3-Month USD-LIBOR		1.655	Semi-Annual		01/24/2032			5,000						(17)				(551)				(568)					40					0
Pay		3-Month USD-LIBOR		1.768	Semi-Annual		02/02/2032			3,800						(14)				(378)				(392)					28					0
Receive		3-Month USD-LIBOR		1.988	Semi-Annual		02/09/2032			1,900						12				148				160					0					(14)
Receive		3-Month USD-LIBOR		2.008	Semi-Annual		02/09/2032			3,100						14				245				259					0					(26)
Pay		3-Month USD-LIBOR		1.524	Semi-Annual		01/19/2051			23,500						(187)				(6,315)				(6,502)					177					0
Receive		3-Month USD-LIBOR		1.250	Semi-Annual		06/16/2051			65,800						13,168				8,919				22,087					0					(395)
Receive		3-Month USD-LIBOR		1.967	Semi-Annual		06/23/2051			22,900						(172)				4,651				4,479					0					(185)
Receive		3-Month USD-LIBOR		1.968	Semi-Annual		06/23/2051			69,000						(522)				14,005				13,483					0					(558)
Pay		3-Month USD-LIBOR		1.815	Semi-Annual		01/24/2052			1,000						(8)				(212)				(220)					8					0
Pay		3-Month USD-LIBOR		1.867	Semi-Annual		01/26/2052			1,000						(9)				(200)				(209)					8					0
Total Swap Agreements													$		28,054			$	32,076			$	60,130				$	5,084			$		(7,825)
(h)	Securities with an aggregate market value of $7,308 and cash of $39,885 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2022.
(1)	This instrument has a forward starting effective date.
(i)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
PURCHASED OPTIONS:
OPTIONS ON SECURITIES
Counterparty			Description								Strike Price			Expiration Date							Notional Amount(1)					Cost						Market Value
MSC			Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 07/01/2052					$			91.664			07/07/2022							1,500				$	15				$		27
			Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 07/01/2052								91.703			07/07/2022							1,500					16						27
Total Purchased Options																									$	31				$		54
WRITTEN OPTIONS:
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				7,700				$	(24)				$		(30)
			Put - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			3.650					12/01/2023				7,700					(24)						(26)
			Call - OTC 5-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.250					08/26/2022				11,700					(59)						(24)
			Put - OTC 5-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.850					08/26/2022				11,700					(59)						(114)
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.680					07/07/2022				1,100					(15)						(13)
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.690					07/07/2022				1,100					(15)						(13)
CBK			Call - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.690					04/02/2024				2,100					(17)						(15)
			Put - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.690					04/02/2024				2,100					(17)						(14)
			Call - OTC 5-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			1.755					09/30/2022				10,700					(67)						(9)
			Put - OTC 5-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.955					09/30/2022				10,700					(75)						(108)
			Call - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.450					09/01/2022				8,900					(74)						(52)
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			3.050					09/01/2022				8,900					(74)						(89)
DUB			Call - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.920					10/13/2023				4,900					(30)						(34)
			Put - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.920					10/13/2023				4,900					(30)						(28)
			Call - OTC 5-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.450					09/02/2022				5,900					(30)						(26)
			Put - OTC 5-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			3.050					09/02/2022				5,900					(30)						(41)
FAR			Call - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.688					04/02/2024				4,200					(33)						(30)
			Put - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.688					04/02/2024				4,200					(33)						(28)
			Call - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.781					04/05/2024				4,800					(37)						(37)

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.781	04/05/2024	4,800	(37)	(30)
GLM	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	0.870	11/02/2022	297,900	(601)	(3)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	1.270	11/02/2022	49,800	(3)	(1)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	1.270	11/02/2022	248,100	(502)	(5,687)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.920	10/13/2023	4,900	(30)	(34)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.920	10/13/2023	4,900	(30)	(28)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.018	10/20/2023	3,900	(25)	(29)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.018	10/20/2023	3,900	(25)	(20)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.140	10/23/2023	3,900	(27)	(32)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.140	10/23/2023	3,900	(27)	(19)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.190	10/23/2023	3,900	(27)	(33)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.190	10/23/2023	3,900	(27)	(18)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.225	10/23/2023	3,900	(27)	(34)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.225	10/23/2023	3,900	(27)	(17)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.973	10/25/2023	4,100	(28)	(30)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.973	10/25/2023	4,100	(28)	(22)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.841	10/27/2023	4,200	(29)	(28)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.841	10/27/2023	4,200	(29)	(25)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.088	11/03/2023	4,200	(30)	(34)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.088	11/03/2023	4,200	(30)	(21)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.910	11/10/2023	3,900	(26)	(28)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.910	11/10/2023	3,900	(26)	(22)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.250	11/17/2023	5,100	(19)	(21)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.750	11/17/2023	5,100	(19)	(16)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.150	11/20/2023	5,100	(18)	(20)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.650	11/20/2023	5,100	(18)	(17)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.250	12/07/2023	7,700	(24)	(34)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.750	12/07/2023	7,700	(24)	(24)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.697	04/02/2024	8,300	(65)	(60)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.697	04/02/2024	8,300	(65)	(54)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.721	04/08/2024	4,100	(31)	(30)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.721	04/08/2024	4,100	(31)	(26)
	Call - OTC 7-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.450	09/06/2022	5,900	(37)	(34)
	Put - OTC 7-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.050	09/06/2022	5,900	(37)	(49)
	Call - OTC 7-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.500	09/07/2022	5,900	(37)	(40)
	Put - OTC 7-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.100	09/07/2022	5,900	(37)	(44)
MYC	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.993	10/11/2023	4,100	(28)	(30)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.993	10/11/2023	4,100	(28)	(22)
NGF	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.020	11/06/2023	3,900	(25)	(30)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.020	11/06/2023	3,900	(25)	(20)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.845	11/13/2023	2,500	(16)	(17)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.845	11/13/2023	2,500	(16)	(15)
	Call - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.550	09/09/2022	9,100	(76)	(81)

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

		Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR				Pay				3.150				09/09/2022							9,100						(76)								(76)
																									$			(3,136)							$	(7,686)
OPTIONS ON SECURITIES
Counterparty		Description								Strike Price				Expiration Date								Notional Amount(1)						Premiums (Received)								Market Value
BOA		Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052				$				93.563				09/07/2022								5,000			$			(37)							$	(47)
		Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052								94.438				09/07/2022								5,000						(29)								(30)
		Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052								94.703				09/07/2022								4,700						(31)								(24)
		Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 07/01/2052								98.297				07/07/2022								2,500						(16)								(4)
		Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 07/01/2052								99.141				07/07/2022								4,700						(32)								(29)
JPM		Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052								99.141				09/07/2022								2,500						(9)								(16)
		Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052								99.156				09/07/2022								4,700						(17)								(31)
		Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052								99.656				09/07/2022								8,000						(30)								(67)
		Call - OTC Fannie Mae, TBA 4.500% due 09/01/2052								101.141				09/07/2022								2,500						(6)								(10)
		Put - OTC Uniform Mortgage-Backed Security, TBA 3.500% due 08/01/2052								96.906				08/04/2022								1,500						(7)								(19)
MSC		Call - OTC Fannie Mae, TBA 2.500% due 09/01/2052								91.359				09/07/2022								1,500						(10)								(7)
		Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 07/01/2052								99.156				07/07/2022								3,700						(25)								(23)
		Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2052								100.344				07/07/2022								3,500						(17)								(9)
SAL		Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052								98.234				09/07/2022								5,000						(28)								(22)
		Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052								99.406				09/07/2022								1,500						(5)								(11)
		Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052								99.656				09/07/2022								2,500						(10)								(21)
		Call - OTC Fannie Mae, TBA 4.500% due 09/01/2052								100.234				09/07/2022								5,000						(23)								(40)
		Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052								94.688				09/07/2022								3,800						(23)								(20)
		Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2052								99.563				07/07/2022								1,500						(8)								(1)
																									$			(363)							$	(431)
Total Written Options																									$			(3,499)							$	(8,117)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION(2)
																																Swap Agreements, at Value(4)
Counterparty	Reference Obligation			Fixed Receive Rate				Payment Frequency				Maturity Date						Notional Amount(3)						Premiums Paid/(Received)						Unrealized Appreciation/ (Depreciation)				Asset						Liability
BOA	Long Beach Mortgage Loan Trust			6.250%				Monthly				07/25/2033					$	75			$			0			$			0		$		0				$		0
GST	Structured Asset Investment Loan Trust			1.950				Monthly				11/25/2034						0						(1)						1				0						0
																					$			(1)			$			1		$		0				$		0
CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION(2)
																																Swap Agreements, at Value(4)
Counterparty	Index/Tranches				Fixed Receive Rate				Payment Frequency				Maturity Date						Notional Amount(3)				Premiums Paid/(Received)						Unrealized Appreciation/ (Depreciation)				Asset						Liability
BOA	ABX.HE.AAA.6-2 Index				0.110%				Monthly				05/25/2046			$			11,168	$			(2,969)			$			3,008		$		39				$		0
DUB	ABX.HE.AA.6-2 Index				0.170				Monthly				05/25/2046						116				(47)						20				0						(27)
	CMBX.NA.AAA.6 Index				0.500				Monthly				05/11/2063						6,856				(157)						160				3						0
FBF	ABX.HE.AA.7-1 Index				0.150				Monthly				08/25/2037						695				(590)						460				0						(130)
	CMBX.NA.AAA.12 Index				0.500				Monthly				08/17/2061						4,000				(28)						(16)				0						(44)
GST	CMBX.NA.AAA.10 Index				0.500				Monthly				11/17/2059						105,850				(2,202)						1,821				0						(381)
	CMBX.NA.AAA.11 Index				0.500				Monthly				11/18/2054						30,000				232						(432)				0						(200)
	CMBX.NA.AAA.13 Index				0.500				Monthly				12/16/2072						160,600				(84)						(2,772)				0						(2,856)
	CMBX.NA.AAA.6 Index				0.500				Monthly				05/11/2063						51				0						0				0						0
	CMBX.NA.AAA.8 Index				0.500				Monthly				10/17/2057						1,650				(71)						72				1						0
	CMBX.NA.AAA.9 Index				0.500				Monthly				09/17/2058						81,496				(5,051)						4,978				0						(73)
JPS	CMBX.NA.AAA.10 Index				0.500				Monthly				11/17/2059						3,900				(73)						59				0						(14)
	CMBX.NA.AAA.6 Index				0.500				Monthly				05/11/2063						6,348				(137)						139				2						0
	CMBX.NA.AAA.8 Index				0.500				Monthly				10/17/2057						71,400				(3,276)						3,330				54						0
MYC	CMBX.NA.AAA.12 Index				0.500				Monthly				08/17/2061						13,500				(38)						(109)				0						(147)
	CMBX.NA.AAA.13 Index				0.500				Monthly				12/16/2072						11,900				(5)						(207)				0						(212)
	CMBX.NA.AAA.6 Index				0.500				Monthly				05/11/2063						1,422				(31)						32				1						0
	CMBX.NA.AAA.7 Index				0.500				Monthly				01/17/2047						3,018				(105)						109				4						0
SAL	CMBX.NA.AAA.10 Index				0.500				Monthly				11/17/2059						61,500				(588)						367				0						(221)
	CMBX.NA.AAA.11 Index				0.500				Monthly				11/18/2054						55,100				197						(563)				0						(366)
	CMBX.NA.AAA.12 Index				0.500				Monthly				08/17/2061						131,000				(339)						(1,087)				0						(1,426)

Schedule of Investments PIMCO ABS and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

			CMBX.NA.AAA.13 Index				0.500		Monthly				12/16/2072				75,000				300						(1,634)						0					(1,334)
																			$			(15,062)			$			7,735			$			104		$			(7,431)
INTEREST RATE SWAPS
																																Swap Agreements, at Value
Counterparty				Pay/ Receive Floating Rate	Floating Rate Index	Fixed Rate		Payment Frequency				Maturity Date				Notional Amount							Premiums Paid/(Received)						Unrealized Appreciation/ (Depreciation)						Asset					Liability
MYC				Pay	3-Month USD-LIBOR	2.900%		Annual				10/04/2027		$		48,200				$			4			$			(434)			$			0		$			(430)
Total Swap Agreements																			$			(15,059)			$			7,302			$			104		$			(7,861)
(j)		Securities with an aggregate market value of $15,839 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2022.
(1)		Notional Amount represents the number of contracts.
(2)		If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3)		The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(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.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory										Level 1					Level 2							Level 3								Fair Value at 06/30/2022
Investments in Securities, at Value
Corporate Bonds & Notes
	Banking & Finance									$	0				$			19,968				$		0						$		19,968
	Industrials										0							3,607						0								3,607
U.S. Government Agencies											0							1,230,578						0								1,230,578
U.S. Treasury Obligations											0							8,528						0								8,528
Non-Agency Mortgage-Backed Securities											0							1,143,414						0								1,143,414
Asset-Backed Securities											0							3,066,241						29,771								3,096,012
Short-Term Instruments
	Repurchase Agreements										0							1,690						0								1,690
	U.S. Treasury Bills										0							61,458						0								61,458
										$	0				$			5,535,484				$		29,771						$		5,565,255
Investments in Affiliates, at Value
Short-Term Instruments
	Central Funds Used for Cash Management Purposes									$	295,830				$			0				$		0						$		295,830
Total Investments										$	295,830				$			5,535,484				$		29,771						$		5,861,085
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared											0							5,539						0								5,539
Over the counter											0							158						0								158
										$	0				$			5,697				$		0						$		5,697
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared											0							(11,592)						0								(11,592)
Over the counter											0							(15,978)						0								(15,978)
										$	0				$			(27,570)				$		0						$		(27,570)
Total Financial Derivative Instruments										$	0				$			(21,873)				$		0						$		(21,873)
Totals										$	295,830				$			5,513,611				$		29,771						$		5,839,212
There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund June 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 130.8% ¤
CORPORATE BONDS & NOTES 9.0%
BANKING & FINANCE 6.0%
AerCap Ireland Capital DAC
3.000% due 10/29/2028	$	2,200	$	1,855
3.300% due 01/30/2032		2,000		1,603
4.125% due 07/03/2023		804		796
American Tower Corp.
1.000% due 01/15/2032	EUR	496		387
3.800% due 08/15/2029	$	836		768
Aviation Capital Group LLC
4.125% due 08/01/2025		1,200		1,142
4.375% due 01/30/2024		12		12
5.500% due 12/15/2024		1,660		1,647
Avolon Holdings Funding Ltd.
2.125% due 02/21/2026		400		346
2.528% due 11/18/2027		2,755		2,248
4.250% due 04/15/2026		700		649
Banco Bilbao Vizcaya Argentaria SA 5.875% due 09/24/2023 •(h)(i)	EUR	2,400		2,422
Banco BTG Pactual SA 4.500% due 01/10/2025	$	954		920
Bank of America Corp.
2.843% (SOFRRATE + 1.330%) due 04/02/2026 ~		7,800		7,701
3.974% due 02/07/2030 •		788		745
Bank of Ireland Group PLC 7.500% due 05/19/2025 •(h)(i)	EUR	300		312
Barclays Bank PLC 7.625% due 11/21/2022 (i)	$	842		850
Barclays PLC
2.000% due 02/07/2028 •	EUR	400		414
2.791% (US0003M + 1.380%) due 05/16/2024 ~	$	924		924
5.875% due 09/15/2024 •(h)(i)	GBP	500		564
7.125% due 06/15/2025 •(h)(i)		2,273		2,662
7.250% due 03/15/2023 •(h)(i)		2,400		2,880
7.750% due 09/15/2023 •(h)(i)	$	3,900		3,842
7.875% due 09/15/2022 •(h)(i)	GBP	1,200		1,458
BNP Paribas SA 1.323% due 01/13/2027 •	$	3,500		3,097
Credit Suisse Group AG
3.091% due 05/14/2032 •		1,700		1,355
4.194% due 04/01/2031 •		250		221
5.250% due 02/11/2027 •(h)(i)		2,400		1,860
6.250% due 12/18/2024 •(h)(i)		2,800		2,558
6.375% due 08/21/2026 •(h)(i)		1,006		834
7.125% due 07/29/2022 •(h)(i)		1,000		999
7.250% due 09/12/2025 •(h)(i)		200		174
7.500% due 07/17/2023 •(h)(i)		2,260		2,091
7.500% due 12/11/2023 •(h)(i)		5,500		5,254
Crown Castle International Corp. 4.300% due 02/15/2029		351		337
Deutsche Bank AG
1.375% due 09/03/2026 •	EUR	1,900		1,852
1.625% due 01/20/2027		3,600		3,383
1.750% due 01/17/2028		300		274
1.750% due 11/19/2030 •		1,700		1,471
2.129% due 11/24/2026 •(j)	$	4,400		3,913
2.783% (US0003M + 1.230%) due 02/27/2023 ~		2,766		2,763
3.035% due 05/28/2032 •(j)		3,100		2,456
3.547% due 09/18/2031 •		4,633		3,883
3.961% due 11/26/2025 •		1,993		1,928
Doric Nimrod Air Finance Alpha Ltd. Pass-Through Trust 5.125% due 11/30/2024		15		14
Equinix, Inc. 1.550% due 03/15/2028		222		187
Equitable Holdings, Inc. 4.350% due 04/20/2028		1,587		1,533
Erste Group Bank AG 6.500% due 04/15/2024 •(h)(i)	EUR	3,400		3,476
Fairfax Financial Holdings Ltd. 2.750% due 03/29/2028		3,003		2,916
Ford Motor Credit Co. LLC
0.092% due 12/07/2022 •		711		740
2.366% (US0003M + 1.080%) due 08/03/2022 ~	$	244		244

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

3.350% due 11/01/2022		3,200	3,183
3.375% due 11/13/2025		1,300	1,175
3.550% due 10/07/2022		216	215
4.063% due 11/01/2024		600	571
4.687% due 06/09/2025		200	189
5.125% due 06/16/2025		1,500	1,436
5.584% due 03/18/2024		600	598
General Motors Financial Co., Inc.
2.439% (SOFRRATE + 1.200%) due 11/17/2023 ~		200	197
3.275% (US0003M + 0.990%) due 01/05/2023 ~		6	6
Goldman Sachs Group, Inc.
3.330% (SOFRRATE + 1.850%) due 03/15/2028 ~		10,500	10,417
4.223% due 05/01/2029 •		788	758
GSPA Monetization Trust 6.422% due 10/09/2029		207	206
Healthcare Realty Trust, Inc. 2.400% due 03/15/2030		241	200
HSBC Holdings PLC
2.357% due 08/18/2031 •		431	350
2.848% due 06/04/2031 •		300	254
3.000% due 05/29/2030 •	GBP	505	551
4.000% due 03/09/2026 •(h)	$	1,500	1,261
4.292% due 09/12/2026 •		309	302
4.950% due 03/31/2030		200	198
5.250% due 09/16/2022 •(h)(i)	EUR	2,400	2,485
6.250% due 03/23/2023 •(h)(i)	$	1,000	982
ING Groep NV
3.875% due 05/16/2027 •(h)(i)		600	438
5.750% due 11/16/2026 •(h)(i)		500	458
International Lease Finance Corp. 5.875% due 08/15/2022		34	34
Intesa Sanpaolo SpA
5.500% due 03/01/2028 •(h)(i)	EUR	600	505
7.750% due 01/11/2027 •(h)(i)		1,650	1,646
JPMorgan Chase & Co. 2.182% due 06/01/2028 •	$	862	767
Lloyds Banking Group PLC
4.550% due 08/16/2028		266	260
7.500% due 09/27/2025 •(h)(i)		2,515	2,458
7.875% due 06/27/2029 •(h)(i)	GBP	600	723
Nationwide Building Society 4.363% due 08/01/2024 •	$	462	463
Natwest Group PLC
0.000% due 03/22/2025 •		378	374
3.747% (US0003M + 1.550%) due 06/25/2024 ~		3,314	3,318
4.519% due 06/25/2024 •		388	387
4.600% due 06/28/2031 •(h)(i)		600	443
4.892% due 05/18/2029 •		7,669	7,440
5.076% due 01/27/2030 •		222	218
8.000% due 08/10/2025 •(h)(i)		258	256
Nissan Motor Acceptance Co. LLC
2.600% due 09/28/2022		309	308
2.650% due 07/13/2022		608	608
2.750% due 03/09/2028		5,700	4,771
2.924% due 09/28/2022 •		111	111
Nomura Holdings, Inc.
1.851% due 07/16/2025		345	316
2.648% due 01/16/2025		788	753
2.679% due 07/16/2030		409	335
Nordea Kredit Realkreditaktieselskab 1.500% due 10/01/2053	DKK	43,640	5,060
Nykredit Realkredit AS 1.500% due 10/01/2053		204,033	23,650
OneMain Finance Corp. 5.625% due 03/15/2023	$	66	65
Park Intermediate Holdings LLC 4.875% due 05/15/2029		1,500	1,290
Realkredit Danmark AS 1.500% due 10/01/2053	DKK	52,268	6,067
Santander U.K. Group Holdings PLC 4.796% due 11/15/2024 •	$	562	562
SL Green Realty Corp. 4.500% due 12/01/2022		416	417
Societe Generale SA 7.875% due 12/18/2023 •(h)(i)		5,400	5,304
Standard Chartered PLC
1.456% due 01/14/2027 •		4,300	3,797
7.750% due 04/02/2023 •(h)(i)		700	692
Stellantis Finance U.S., Inc. 2.691% due 09/15/2031		10,900	8,642
Sumitomo Mitsui Financial Group, Inc. 2.130% due 07/08/2030		991	816
UBS AG
5.125% due 05/15/2024 (i)		9,604	9,602

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

7.625% due 08/17/2022 (i)		1,199	1,203
UBS Group AG 4.375% due 02/10/2031 •(h)(i)		1,600	1,175
VICI Properties LP 4.750% due 02/15/2028		1,650	1,578
Wells Fargo & Co.
1.741% due 05/04/2030 •	EUR	2,100	1,959
2.393% due 06/02/2028 •	$	12,942	11,600
2.879% due 10/30/2030 •		1,600	1,408
3.000% due 04/22/2026		366	349
Weyerhaeuser Co. 4.000% due 04/15/2030		354	334
WP Carey, Inc. 4.250% due 10/01/2026		55	54
WPC Eurobond BV 2.250% due 04/09/2026	EUR	2,208	2,178
			227,686
INDUSTRIALS 2.6%
Aker BP ASA 2.875% due 01/15/2026	$	450	426
AngloGold Ashanti Holdings PLC 3.375% due 11/01/2028		4,300	3,646
BAT Capital Corp. 3.222% due 08/15/2024		86	84
BAT International Finance PLC 3.950% due 06/15/2025		152	149
Boeing Co.
2.750% due 02/01/2026		800	744
3.250% due 02/01/2035		500	379
Broadcom, Inc.
2.450% due 02/15/2031		1,500	1,207
3.137% due 11/15/2035		2,300	1,750
3.187% due 11/15/2036		2,136	1,627
3.419% due 04/15/2033		1,200	994
3.469% due 04/15/2034		5,150	4,198
3.500% due 02/15/2041		1,600	1,209
3.750% due 02/15/2051		500	371
4.150% due 11/15/2030		282	259
4.926% due 05/15/2037		381	342
CCO Holdings LLC 4.500% due 06/01/2033		900	711
Centene Corp. 4.625% due 12/15/2029		55	51
Charter Communications Operating LLC
2.936% (US0003M + 1.650%) due 02/01/2024 ~		1,032	1,040
3.900% due 06/01/2052		4,000	2,785
4.908% due 07/23/2025		789	792
Cheniere Corpus Christi Holdings LLC 3.700% due 11/15/2029		1,300	1,190
CVS Health Corp.
3.625% due 04/01/2027		18	18
3.750% due 04/01/2030		86	81
4.125% due 04/01/2040		18	16
4.250% due 04/01/2050		196	169
CVS Pass-Through Trust 6.943% due 01/10/2030		34	36
DAE Funding LLC
1.625% due 02/15/2024		2,100	1,990
2.625% due 03/20/2025		1,800	1,676
3.375% due 03/20/2028		1,800	1,586
Dell International LLC
4.900% due 10/01/2026		22	22
5.300% due 10/01/2029		65	64
5.850% due 07/15/2025		822	849
Delta Air Lines, Inc. 4.500% due 10/20/2025		1,000	973
Energy Transfer LP
4.250% due 03/15/2023		107	107
5.000% due 10/01/2022		22	22
Equinor ASA
3.125% due 04/06/2030		18	17
3.700% due 04/06/2050		18	16
Expedia Group, Inc.
2.950% due 03/15/2031		700	558
4.625% due 08/01/2027		400	385
6.250% due 05/01/2025		1,823	1,880
Hyatt Hotels Corp. 1.800% due 10/01/2024		7,100	6,717
IHO Verwaltungs GmbH (3.625% Cash or 4.375% PIK) 3.625% due 05/15/2025 (d)	EUR	1,481	1,357
IHO Verwaltungs GmbH (6.000% Cash or 6.750% PIK) 6.000% due 05/15/2027 (d)	$	867	773

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

IHO Verwaltungs GmbH (6.375% Cash or 7.125% PIK) 6.375% due 05/15/2029 (d)		288	251
Imperial Brands Finance PLC
3.125% due 07/26/2024		330	320
3.500% due 07/26/2026		1,527	1,433
3.875% due 07/26/2029		345	311
INEOS Finance PLC 2.125% due 11/15/2025	EUR	2,835	2,682
Kraft Heinz Foods Co.
5.000% due 07/15/2035	$	22	21
5.200% due 07/15/2045		38	35
Magallanes, Inc.
4.054% due 03/15/2029		1,700	1,558
4.279% due 03/15/2032		8,300	7,426
Micron Technology, Inc.
4.185% due 02/15/2027		36	35
5.327% due 02/06/2029		187	186
MPLX LP 2.650% due 08/15/2030		1,100	919
Nakilat, Inc. 6.067% due 12/31/2033		453	484
Nissan Motor Co. Ltd.
3.043% due 09/15/2023		570	561
3.522% due 09/17/2025		1,856	1,759
4.345% due 09/17/2027		6,931	6,368
4.810% due 09/17/2030		4,600	4,091
Oracle Corp.
3.600% due 04/01/2040		18	13
3.850% due 04/01/2060		1,138	782
3.950% due 03/25/2051 (j)		3,700	2,723
Perrigo Finance Unlimited Co. 4.400% due 06/15/2030		1,300	1,162
Rolls-Royce PLC
1.625% due 05/09/2028	EUR	400	314
4.625% due 02/16/2026		100	99
Sands China Ltd.
3.100% due 03/08/2029	$	2,800	1,986
3.250% due 08/08/2031		2,800	1,854
4.875% due 06/18/2030		500	366
5.125% due 08/08/2025		1,039	873
5.400% due 08/08/2028		8,779	6,783
Southern Co. 3.700% due 04/30/2030		123	114
T-Mobile USA, Inc.
2.250% due 02/15/2026		1,900	1,713
2.875% due 02/15/2031		1,800	1,498
3.375% due 04/15/2029		1,300	1,141
3.500% due 04/15/2031		2,000	1,731
Takeda Pharmaceutical Co. Ltd.
3.175% due 07/09/2050		658	494
3.375% due 07/09/2060		458	335
Westinghouse Air Brake Technologies Corp. 4.400% due 03/15/2024		147	147
Wynn Macau Ltd. 5.625% due 08/26/2028		2,800	1,733
			97,567
UTILITIES 0.4%
American Water Capital Corp. 3.450% due 06/01/2029		143	135
Berkshire Hathaway Energy Co.
3.700% due 07/15/2030		266	255
4.250% due 10/15/2050		18	16
Consolidated Edison Co. of New York, Inc.
3.350% due 04/01/2030		266	248
3.950% due 04/01/2050		18	16
DTE Electric Co. 2.625% due 03/01/2031		311	276
Edison International 5.750% due 06/15/2027		54	55
Exelon Corp. 4.050% due 04/15/2030		18	17
Georgia Power Co. 2.650% due 09/15/2029		18	16
Pacific Gas & Electric Co.
1.700% due 11/15/2023		2,200	2,121
2.371% (SOFRINDX + 1.150%) due 11/14/2022 ~		2,200	2,191
2.500% due 02/01/2031		582	446
3.000% due 06/15/2028		2,300	1,984
4.550% due 07/01/2030		1,200	1,067
Rio Oil Finance Trust 8.200% due 04/06/2028		2,167	2,255

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

San Diego Gas & Electric Co. 3.320% due 04/15/2050	200	156
Southern California Edison Co.
3.650% due 03/01/2028	824	781
3.700% due 08/01/2025	566	557
Sprint Communications, Inc. 6.000% due 11/15/2022	512	516
Sprint Corp.
7.125% due 06/15/2024	48	49
7.875% due 09/15/2023	920	951
Verizon Communications, Inc. 3.550% due 03/22/2051	1,100	884
		14,995
Total Corporate Bonds & Notes (Cost $400,434)		340,248
MUNICIPAL BONDS & NOTES 0.1%
CALIFORNIA 0.1%
California State Public Works Board Revenue Bonds, (BABs), Series 2010 7.804% due 03/01/2035	35	44
Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021 3.000% due 06/01/2046	1,505	1,324
Los Angeles County, California Public Works Financing Authority Revenue Bonds, (BABs), Series 2010 6.466% due 08/01/2023	30	31
Pasadena Public Financing Authority, California Revenue Bonds, (BABs), Series 2010 7.148% due 03/01/2043	645	847
		2,246
ILLINOIS 0.0%
Chicago, Illinois General Obligation Bonds, Series 2015 7.750% due 01/01/2042	48	51
Chicago, Illinois Waterworks Revenue Bonds, Series 2010 6.642% due 11/01/2029	110	121
Illinois State General Obligation Bonds, (BABs), Series 2010
6.630% due 02/01/2035	65	69
6.725% due 04/01/2035	130	138
7.350% due 07/01/2035	100	109
		489
NEBRASKA 0.0%
Public Power Generation Agency, Nebraska Revenue Bonds, (BABs), Series 2009 7.242% due 01/01/2041	20	24
NEW JERSEY 0.0%
Middlesex County, New Jersey Improvement Authority Revenue Bonds, (AGM Insured), Series 2004 0.000% due 10/01/2022 (f)	425	423
OHIO 0.0%
Ohio State University Revenue Bonds, Series 2011 4.800% due 06/01/2111	67	67
PENNSYLVANIA 0.0%
Pennsylvania Economic Development Financing Authority Revenue Bonds, (BABs), Series 2010 6.532% due 06/15/2039	5	6
WASHINGTON 0.0%
Washington State Convention Center Public Facilities District Revenue Bonds, (BABs), Series 2010 6.790% due 07/01/2040	715	812
Total Municipal Bonds & Notes (Cost $4,535)		4,066
U.S. GOVERNMENT AGENCIES 0.3%
Fannie Mae
0.000% due 08/25/2039 (b)(f)	103	88
1.067% (US0001M + 0.130%) due 03/25/2036 ~	1	1
1.356% due 09/25/2042 •	4	4
1.908% due 10/01/2035 •	1	1
1.950% due 03/01/2034 •	11	12
1.954% due 04/25/2037 •	1	1
1.974% (US0001M + 0.350%) due 07/25/2037 ~	2	2
1.974% due 07/25/2037 •	6	6
1.982% due 08/01/2035 •	3	3
1.996% due 02/01/2034 •	1	1
2.004% due 07/25/2037 •	10	10
2.024% (US0001M + 0.400%) due 09/25/2035 ~	20	20
2.034% due 09/25/2035 •	17	17
2.047% due 03/01/2036 •	1	1

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

2.144% due 10/25/2040 •	6	6
2.224% (US0001M + 0.600%) due 01/25/2051 ~	7	7
2.300% due 10/01/2035 •	0	1
2.323% due 12/01/2034 •	20	19
2.344% due 06/25/2037 •	77	78
2.358% due 01/25/2031 ~(a)	791	93
2.430% due 11/01/2034 •	1	1
2.914% due 06/01/2034 •	1	1
4.226% (US0001M + 5.850%) due 03/25/2041 ~(a)	172	19
4.426% due 03/25/2037 •(a)	51	6
4.476% due 04/25/2037 •(a)	162	20
4.500% due 09/25/2040	452	460
4.526% due 11/25/2039 •(a)	27	3
4.756% (US0001M + 6.380%) due 03/25/2037 ~(a)	69	8
4.776% due 05/25/2037 •(a)	151	17
5.076% due 03/25/2036 •(a)	71	8
5.166% due 04/25/2037 •(a)	317	43
5.576% (US0001M + 7.200%) due 02/25/2037 ~(a)	30	5
6.026% (US0001M + 7.650%) due 07/25/2033 ~(a)	17	2
7.493% due 11/25/2040 •	1	1
20.066% (US0001M + 26.560%) due 12/25/2036 ~	4	5
Freddie Mac
1.624% due 05/15/2037 •	2	2
1.676% due 10/25/2044 •	1	1
1.704% due 03/15/2037 •	31	31
1.724% due 11/15/2043 •	26	26
1.874% (US0001M + 0.550%) due 07/15/2041 ~	35	35
1.876% due 07/25/2044 •	3	3
2.024% due 08/15/2037 •	85	86
2.034% due 10/15/2037 •	14	14
2.044% due 05/15/2037 - 09/15/2037 •	100	101
3.036% due 06/01/2035 •	1	1
3.443% (TSFR1M + 2.164%) due 07/15/2035 ~	140	140
3.500% due 07/15/2042 - 05/01/2049	1,079	1,042
4.000% due 07/01/2047 - 03/01/2049	735	737
5.000% due 05/01/2023 - 04/15/2041	504	535
5.146% due 07/15/2036 •(a)	91	11
5.246% due 09/15/2036 •(a)	56	6
5.376% due 04/15/2036 •(a)	16	1
5.500% due 03/15/2034 - 03/01/2039	74	79
6.000% due 08/01/2027 - 12/01/2037	3	4
6.500% due 05/01/2035	23	25
8.212% due 02/15/2040 •	36	34
11.365% (US0001M + 14.550%) due 09/15/2041 ~	134	136
Ginnie Mae
1.412% due 08/20/2047 •	243	240
1.750% due 11/20/2044 •	136	135
2.857% due 04/20/2068 •	507	501
3.500% due 02/15/2045 - 03/15/2045	66	66
5.000% due 08/15/2033 - 03/15/2042	838	884
6.000% due 07/15/2037 - 08/15/2037	2	2
U.S. Small Business Administration
4.430% due 05/01/2029	6	6
5.490% due 03/01/2028	6	6
6.020% due 08/01/2028	50	51
Uniform Mortgage-Backed Security
3.500% due 02/01/2043 - 09/01/2048	2,644	2,584
4.000% due 01/01/2025 - 10/01/2030	6	5
4.500% due 05/01/2023 - 02/01/2044	699	717
5.000% due 08/01/2023 - 12/01/2029	63	64
5.500% due 02/01/2025 - 09/01/2041	358	380
6.000% due 10/01/2026 - 05/01/2041	441	481
6.500% due 09/01/2036	28	29
Uniform Mortgage-Backed Security, TBA
3.500% due 08/01/2052	50	48
Total U.S. Government Agencies (Cost $11,214)		10,219
U.S. TREASURY OBLIGATIONS 3.4%
U.S. Treasury Bonds
1.375% due 11/15/2040	4,100	2,954
1.625% due 11/15/2050	100	70
2.250% due 08/15/2049	146	120
3.000% due 08/15/2048	473	448
3.000% due 02/15/2049	17,298	16,492
3.125% due 05/15/2048	124	121
4.625% due 02/15/2040	3,734	4,447
U.S. Treasury Inflation Protected Securities (g)
0.250% due 02/15/2050	10,569	8,362
0.625% due 02/15/2043	747	661
0.750% due 02/15/2045	2,332	2,092
1.000% due 02/15/2046	4,150	3,940
1.000% due 02/15/2048	17,123	16,378
1.000% due 02/15/2049	13,459	12,980

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

1.375% due 02/15/2044		8,567	8,778
U.S. Treasury Notes
0.375% due 12/31/2025		1,000	911
0.500% due 02/28/2026		4,300	3,920
1.500% due 10/31/2024 (m)		2,002	1,934
1.625% due 12/15/2022		1,896	1,889
1.750% due 12/31/2024 (m)		622	603
1.875% due 07/31/2022 (m)		1,408	1,409
1.875% due 08/31/2022 (m)		8,556	8,561
2.000% due 07/31/2022 (m)		6,254	6,259
2.000% due 11/30/2022		876	874
2.125% due 05/15/2025 (m)		2,485	2,425
2.375% due 05/15/2029		2,075	1,988
2.625% due 12/31/2025		1,777	1,753
2.750% due 05/31/2023		194	193
3.000% due 09/30/2025 (m)		10,043	10,032
3.000% due 10/31/2025		7,253	7,243
Total U.S. Treasury Obligations (Cost $157,669)			127,837
NON-AGENCY MORTGAGE-BACKED SECURITIES 9.2%
Adjustable Rate Mortgage Trust
2.717% due 01/25/2036 ^~		545	447
2.925% due 09/25/2035 ^~		1	1
American Home Mortgage Assets Trust
1.396% due 11/25/2046 •		10,845	3,540
1.814% due 05/25/2046 ^•		10	9
1.814% (US0001M + 0.190%) due 10/25/2046 ~		36	21
6.750% due 11/25/2046 þ		239	210
American Home Mortgage Investment Trust
6.500% due 03/25/2047 þ		29	24
Angel Oak Mortgage Trust 1.469% due 06/25/2065 ~		55	52
AREIT Trust 3.343% due 11/17/2038 •		3,700	3,521
Avon Finance PLC 1.690% due 09/20/2048 •	GBP	4,042	4,896
Banc of America Funding Trust
1.992% due 10/20/2036 •	$	6	5
2.032% due 04/20/2047 ^•		4	3
2.072% due 02/20/2047 •		449	421
2.496% due 09/20/2034 ~		1	1
3.027% due 06/20/2037 ^~		10	9
3.080% due 09/20/2046 ^~		403	360
3.101% due 02/20/2035 ~		9	9
6.000% due 08/25/2036 ^		8	7
Banc of America Mortgage Trust
2.562% due 01/25/2035 ~		7	7
2.631% due 02/25/2034 ~		6	6
3.356% due 06/25/2035 ~		5	4
3.594% due 06/25/2034 ~		5	5
3.983% due 05/25/2033 ~		4	4
BCAP LLC Trust 1.804% due 03/25/2037 •		1,805	1,666
Bear Stearns Adjustable Rate Mortgage Trust
2.066% due 04/25/2033 ~		1	1
2.400% (H15T1Y + 2.250%) due 02/25/2036 ~		4	4
2.572% due 08/25/2033 ~		3	3
2.588% due 01/25/2033 ~		36	36
2.915% due 08/25/2033 ~		13	13
3.046% due 11/25/2034 ~		1	1
3.333% due 02/25/2036 ^~		51	48
3.899% due 07/25/2034 ~		6	5
Bear Stearns ALT-A Trust
1.944% (US0001M + 0.320%) due 08/25/2036 ~		388	355
1.944% due 01/25/2047 ^•		39	35
1.964% (US0001M + 0.340%) due 12/25/2046 ^~		4	4
2.124% due 01/25/2036 ^•		6	8
2.593% due 10/25/2035 ^~		55	49
2.752% due 05/25/2035 ~		20	19
2.771% due 11/25/2035 ^~		65	60
2.925% due 07/25/2035 ~		62	47
Bear Stearns Mortgage Funding Trust 1.804% (US0001M + 0.180%) due 10/25/2036 ~		17,277	14,865
BX Trust 2.621% (US0001M + 1.297%) due 10/15/2036 ~		16,000	14,998
Chase Mortgage Finance Trust
2.863% due 09/25/2036 ^~		122	105
2.894% due 12/25/2035 ^~		7	6
2.968% due 01/25/2036 ^~		6	6
ChaseFlex Trust 1.924% due 07/25/2037 •		2,775	2,616
Chevy Chase Funding LLC Mortgage-Backed Certificates 1.854% due 05/25/2036 •		100	89

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

Citigroup Commercial Mortgage Trust 1.475% due 09/10/2045 ~(a)	36	0
Citigroup Mortgage Loan Trust
1.944% due 01/25/2037 •	109	96
2.470% due 10/25/2035 •	10	10
2.490% due 03/25/2036 ^•	31	29
2.829% due 08/25/2035 ^~	3	3
3.150% due 10/25/2035 ^•	12	12
3.396% due 09/25/2037 ^~	150	137
Citigroup Mortgage Loan Trust, Inc. 3.790% due 09/25/2035 •	9	8
CitiMortgage Alternative Loan Trust
2.224% (US0001M + 0.600%) due 04/25/2037 ~	141	120
6.000% due 12/25/2036 ^	46	40
6.000% due 06/25/2037 ^	60	54
Commercial Mortgage Trust 3.545% due 02/10/2036	1,034	983
Countrywide Alternative Loan Trust
1.476% (12MTA + 1.000%) due 12/25/2035 ~	6	5
1.669% due 08/25/2035 ~	1,366	1,160
1.802% due 09/20/2046 •	3,506	3,365
1.822% due 07/20/2046 ^•	8	6
1.822% due 09/20/2046 •	15	12
1.824% due 04/25/2047 •	2,379	2,184
1.834% due 04/25/2047 •	2,195	1,774
1.864% due 12/25/2046 •	7,465	6,656
1.876% due 08/25/2035 •	22	20
1.924% (US0001M + 0.300%) due 06/25/2035 ^~	1,016	728
1.956% due 01/25/2036 •	87	82
1.964% due 05/25/2047 •	213	187
2.004% due 09/25/2046 ^•	57	54
2.024% due 05/25/2036 •	73	64
2.024% (US0001M + 0.400%) due 08/25/2037 ~	11	8
2.032% (US0001M + 0.420%) due 03/20/2046 ~	14	11
2.072% (US0001M + 0.460%) due 05/20/2046 ^~	4	3
2.124% due 11/25/2036 •	15,481	13,600
2.144% due 12/25/2035 •	6	5
2.174% due 05/25/2035 •	31	24
2.184% due 02/25/2037 •	317	260
2.224% due 08/25/2035 •	230	209
2.226% due 11/20/2035 •	48	45
2.252% due 12/20/2035 •	45	41
2.264% due 11/25/2035 •	231	191
2.526% (12MTA + 2.050%) due 10/20/2035 ~	5	4
3.044% due 06/25/2037 ~	8	7
5.500% due 06/25/2025	189	165
5.500% due 05/25/2035	99	84
5.500% due 11/25/2035 ^	63	44
5.500% due 11/25/2035	5	3
5.750% due 03/25/2037	84	54
6.000% due 12/25/2035 ^	237	195
6.000% due 05/25/2036 ^	35	20
6.000% due 08/25/2036 ^•	43	29
6.000% due 05/25/2037 ^	109	58
6.250% due 08/25/2036	628	422
7.000% due 10/25/2037	77	34
Countrywide Home Loan Mortgage Pass-Through Trust
1.991% due 02/20/2036 ^•	2	2
2.084% due 05/25/2035 •	16	14
2.204% (US0001M + 0.580%) due 04/25/2035 ~	960	845
2.224% (US0001M + 0.600%) due 05/25/2035 ~	43	35
2.264% due 03/25/2035 •	1	1
2.284% due 02/25/2035 •	7	6
2.711% due 11/25/2034 ~	13	12
2.757% due 10/20/2034 ~	29	29
3.571% due 08/25/2034 ~	1	1
5.750% due 05/25/2037 ^	4	2
6.000% due 07/25/2036	255	158
6.000% due 01/25/2037 ^	165	98
6.000% due 02/25/2037 ^	178	108
6.500% due 12/25/2037	369	190
Countrywide Home Loan Reperforming REMIC Trust 1.964% (US0001M + 0.340%) due 06/25/2035 ~	48	48
Credit Suisse First Boston Mortgage Securities Corp.
5.250% due 09/25/2035	230	203
Credit Suisse Mortgage Capital Certificates
1.166% due 12/27/2037 ~	6,255	5,802
1.506% due 11/30/2037 ~	16,288	14,839
1.924% (US0001M + 0.300%) due 01/27/2037 ~	25	18
Credit Suisse Mortgage Capital Mortgage-Backed Trust
5.750% due 08/25/2036 ^	10	8
5.750% due 03/25/2037 ^	16	11
6.421% due 10/25/2037 ~	230	171

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

Credit Suisse Mortgage Capital Trust
1.796% due 12/27/2060 ~		4,306	4,069
1.926% due 07/27/2061 ~		9,181	8,575
2.215% due 11/25/2061 ~		2,075	1,992
2.688% due 03/25/2059 ~		2,441	2,359
2.938% due 12/26/2059 ~		82	81
3.705% due 06/25/2050 ~		506	445
Deutsche ALT-A Securities, Inc. Mortgage Loan Trust
1.944% due 01/25/2047 •		1	10
2.004% due 02/25/2037 ^•		5,988	5,407
2.124% due 02/25/2035 •		80	77
2.124% (US0001M + 0.500%) due 02/25/2035 ~		37	36
2.284% due 02/25/2036 •		142	139
2.374% due 10/25/2047 •		201	170
Downey Savings & Loan Association Mortgage Loan Trust
1.752% due 04/19/2047 •		599	509
1.802% due 10/19/2036 •		139	122
2.132% due 08/19/2045 •		3	3
2.432% due 09/19/2044 •		25	23
Eurohome UK Mortgages PLC 1.739% (BP0003M + 0.150%) due 06/15/2044 ~	GBP	18	21
European Loan Conduit DAC 1.000% due 02/17/2030 •	EUR	108	112
First Horizon Alternative Mortgage Securities Trust
2.772% due 12/25/2035 ~	$	31	27
2.801% due 03/25/2035 ~		1	1
3.162% due 06/25/2036 ^~		340	290
First Horizon Mortgage Pass-Through Trust 2.959% due 10/25/2035 ^~		74	72
Frost CMBS DAC 1.150% (EUR003M + 1.150%) due 11/22/2026 ~	EUR	3,596	3,632
FWD Securitization Trust 2.240% due 01/25/2050 ~	$	71	69
GreenPoint Mortgage Funding Trust 1.804% (US0001M + 0.180%) due 01/25/2037 ~		145	128
GSMSC Pass-Through Trust 1.456% (US0001M + 0.450%) due 12/26/2036 ~		85	53
GSR Mortgage Loan Trust
2.518% due 12/25/2034 ~		3	3
2.668% due 11/25/2035 ~		17	16
2.933% due 09/25/2035 ~		7	7
3.049% due 11/25/2035 ~		5	5
3.092% due 09/25/2035 ~		17	17
3.574% due 07/25/2035 ~		3	3
3.760% due 04/25/2032 •		6	5
5.500% due 01/25/2037		22	26
6.000% due 02/25/2036 ^		232	118
6.000% due 07/25/2037 ^		62	46
HarborView Mortgage Loan Trust
1.817% due 12/19/2036 •		263	231
1.832% due 07/19/2047 •		163	150
1.852% (US0001M + 0.240%) due 12/19/2036 ^~		128	121
1.952% (US0001M + 0.340%) due 12/19/2036 ^~		8	7
2.052% due 05/19/2035 •		191	176
2.092% (US0001M + 0.480%) due 06/19/2035 ~		1,781	1,700
2.112% (US0001M + 0.500%) due 01/19/2036 ~		478	305
2.292% due 06/20/2035 •		108	100
2.476% (12MTA + 2.000%) due 10/19/2035 ~		305	189
3.533% due 06/19/2036 ^~		63	40
HomeBanc Mortgage Trust 2.244% due 03/25/2035 •		153	131
Homeward Opportunities Fund Trust 1.657% due 05/25/2065 ~		93	92
Impac CMB Trust 2.264% due 03/25/2035 •		211	198
Impac Secured Assets Trust
2.164% (US0001M + 0.540%) due 02/25/2037 ~		14,122	12,574
3.171% due 07/25/2035 ~		23	20
IndyMac INDX Mortgage Loan Trust
1.804% due 02/25/2037 ^•		71	66
1.924% (US0001M + 0.300%) due 06/25/2037 ^~		5	2
2.004% due 09/25/2046 •		58	52
2.024% (US0001M + 0.400%) due 11/25/2046 ~		534	512
2.044% due 05/25/2046 •		5,361	4,869
2.104% due 07/25/2035 •		167	157
2.144% due 06/25/2035 •		31	26
2.264% (US0001M + 0.640%) due 07/25/2045 ~		4	3
2.808% due 05/25/2035 ~		231	179
3.236% due 06/25/2036 ~		128	121
JP Morgan Alternative Loan Trust
3.048% due 05/25/2036 ^~		62	40
6.000% due 12/27/2036		57	34
6.500% due 03/25/2036 ^		1,863	1,249

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

JP Morgan Chase Commercial Mortgage Securities Trust 2.774% (US0001M + 1.450%) due 12/15/2031 ~		256	254
JP Morgan Mortgage Trust
2.553% due 07/25/2035 ~		79	76
2.826% due 06/25/2035 ~		1	1
2.904% due 07/25/2035 ~		22	22
2.908% due 10/25/2036 ~		5	4
2.909% due 08/25/2035 ^~		21	19
2.976% due 04/25/2037 ~		4	3
2.991% due 10/25/2036 ^~		31	25
3.043% due 07/27/2037 ~		66	62
3.217% due 04/25/2036 ^~		732	676
Legacy Mortgage Asset Trust
1.750% due 04/25/2061 þ		4,539	4,276
1.750% due 07/25/2061 þ		6,751	6,242
1.875% due 10/25/2068 þ		4,956	4,752
1.892% due 10/25/2066 þ		3,680	3,574
1.991% due 09/25/2060 ~		566	553
2.250% due 07/25/2067 þ		3,459	3,239
Lehman Mortgage Trust 2.274% due 11/25/2036 •		427	226
Lehman XS Trust
1.824% due 03/25/2047 •		5,633	5,307
1.874% due 08/25/2037 •		66	61
2.074% due 08/25/2046 •		726	709
3.324% due 09/25/2047 •		52	48
London Wall Mortgage Capital PLC 1.570% due 11/15/2049 •	GBP	17	21
Luminent Mortgage Trust
2.344% due 04/25/2036 •	$	31	26
2.938% due 04/25/2036 ~		2,285	1,789
MASTR Adjustable Rate Mortgages Trust
1.276% due 12/25/2046 •		5,994	4,989
1.276% (12MTA + 0.800%) due 12/25/2046 ~		6,676	5,889
2.493% due 10/25/2033 ~		47	37
2.639% due 07/25/2035 ^~		9	8
3.052% due 11/21/2034 ~		207	198
MASTR Asset Securitization Trust 6.000% due 06/25/2036 ^		86	63
Mellon Residential Funding Corp. Mortgage Pass-Through Trust
1.764% (US0001M + 0.440%) due 12/15/2030 ~		1	1
2.184% due 08/15/2032 •		20	19
Merrill Lynch Alternative Note Asset Trust
1.844% due 03/25/2037 •		131	41
2.024% due 03/25/2037 •		2,040	633
2.044% (US0001M + 0.420%) due 04/25/2037 ~		14,801	3,358
2.224% (US0001M + 0.600%) due 03/25/2037 ~		84	27
6.000% due 03/25/2037		38	18
Merrill Lynch Mortgage Investors Trust
2.113% due 04/25/2035 ~		8	7
2.120% due 05/25/2033 ~		5	5
2.996% due 09/25/2035 ^~		51	43
3.235% due 05/25/2036 ~		40	37
3.586% (US0006M + 1.500%) due 02/25/2033 ~		12	11
Mill City Mortgage Loan Trust 2.750% due 08/25/2059 ~		67	65
Morgan Stanley Capital Trust 2.773% (US0001M + 1.449%) due 12/15/2023 ~		7,500	7,208
Morgan Stanley Mortgage Loan Trust
2.535% due 06/25/2036 ~		4	4
2.563% due 07/25/2035 ~		72	66
6.000% due 08/25/2036		60	32
6.315% due 06/25/2036 þ		889	309
Morgan Stanley Re-REMIC Trust 5.250% due 05/26/2037 ~		56	35
Mortgage Equity Conversion Asset Trust 3.280% (H15T1Y + 0.500%) due 05/25/2042 ~		110	108
MortgageIT Trust 2.144% due 12/25/2035 •		174	168
New Residential Mortgage Loan Trust
2.750% due 07/25/2059 ~		1,142	1,107
2.750% due 11/25/2059 ~		1,399	1,342
3.500% due 12/25/2057 ~		707	691
Nomura Asset Acceptance Corp. Alternative Loan Trust
1.814% due 06/25/2037 •		3,968	3,405
5.476% due 05/25/2035 ^þ		22	13
5.769% due 06/25/2036 ~		11,385	3,575
NovaStar Mortgage Funding Trust 0.371% due 09/25/2046 •		1,422	527
PHH Alternative Mortgage Trust 1.944% (US0001M + 0.320%) due 02/25/2037 ~		169	126
Precise Mortgage Funding PLC 1.952% due 12/12/2055 •	GBP	2,841	3,441

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

Preston Ridge Partners Mortgage 3.720% due 02/25/2027 þ	$	7,177	6,921
PRET LLC
1.843% due 09/25/2051 þ		11,089	10,428
2.487% due 10/25/2051 ~		1,235	1,156
Pretium Mortgage Credit Partners LLC 1.992% due 02/25/2061 þ		2,880	2,710
Prima Capital CRE Securitization Ltd. 3.500% due 04/15/2038		11,100	11,218
Prime Mortgage Trust 6.000% due 06/25/2036 ^		35	34
RBSSP Resecuritization Trust 1.517% due 04/26/2037 •		1	1
Ready Capital Mortgage Financing LLC
2.598% due 01/25/2037 •		12,500	12,066
3.774% due 02/25/2035 •		479	476
Residential Accredit Loans, Inc. Trust
1.259% due 10/25/2037 ~		248	228
1.276% (12MTA + 0.800%) due 09/25/2046 ~		7,309	6,423
1.572% due 11/25/2037 ~		131	119
1.924% due 02/25/2037 •		63	58
1.924% due 02/25/2047 •		1,894	1,674
1.944% due 01/25/2037 •		1,100	988
1.964% due 01/25/2037 •		2,972	2,560
1.984% (US0001M + 0.360%) due 07/25/2036 ~		210	100
1.984% due 09/25/2036 •		336	310
1.994% (US0001M + 0.370%) due 08/25/2036 ~		111	103
2.004% due 07/25/2036 •		104	102
2.004% (US0001M + 0.380%) due 09/25/2036 ^~		183	174
2.124% (US0001M + 0.500%) due 08/25/2035 ^~		515	366
3.022% due 09/25/2034 ~		46	47
4.084% due 12/25/2035 ^~		416	353
5.000% due 09/25/2036 ^		4	3
6.000% due 08/25/2036 ^		14	12
6.000% due 01/25/2037 ^		27	23
6.000% due 03/25/2037 ^		51	44
6.000% due 03/25/2037		67	57
6.500% due 08/25/2036		1,317	1,135
Residential Asset Securitization Trust
5.500% due 09/25/2035 ^		80	46
6.000% due 03/25/2037 ^		810	327
Residential Funding Mortgage Securities, Inc. Trust 3.430% due 04/25/2037 ~		132	116
Residential Mortgage Securities PLC 2.040% due 06/20/2070 •	GBP	1,530	1,858
RESIMAC Bastille Trust 1.682% due 12/05/2059 •	$	66	66
Sequoia Mortgage Trust
2.057% due 05/20/2034 •		9	9
2.155% (US0001M + 0.560%) due 07/20/2034 ~		141	128
3.014% due 09/20/2046 ^~		74	54
Shelter Growth CRE Issuer Ltd.
3.416% due 06/17/2037 •		13,400	13,357
4.313% due 06/17/2037 •		8,658	8,589
Starwood Mortgage Residential Trust 1.486% due 04/25/2065 ~		133	130
Structured Adjustable Rate Mortgage Loan Trust
1.876% due 01/25/2035 ^•		3	2
1.924% due 08/25/2036 ^•		36	27
2.543% due 02/25/2034 ~		1	1
2.760% due 08/25/2035 ~		24	15
3.014% due 03/25/2036 ^~		29	23
3.032% due 01/25/2035 ~		21	21
3.451% due 11/25/2035 ^~		52	48
3.924% (US0001M + 2.300%) due 12/25/2037 ^~		476	431
Structured Asset Mortgage Investments Trust
1.567% due 02/25/2036 ^•		19	18
1.744% due 08/25/2036 •		194	179
2.004% due 07/25/2046 ^•		58	45
2.044% due 04/25/2036 •		22	20
2.064% due 05/25/2046 •		10	3
2.084% due 02/25/2036 ^•		82	71
2.184% (US0001M + 0.560%) due 02/25/2036 ^~		5	4
2.295% due 02/19/2035 •		2	2
SunTrust Adjustable Rate Mortgage Loan Trust 2.833% due 01/25/2037 ^~		51	41
Taurus UK DAC 1.458% due 05/17/2031 •	GBP	1,291	1,518
Thornburg Mortgage Securities Trust
1.488% due 03/25/2044 ~	$	44	43
1.944% due 12/25/2044 ~		67	64
4.783% (US0012M + 1.250%) due 06/25/2047 ^~		111	107
4.783% due 06/25/2047 ^•		66	55
4.783% due 06/25/2047 •		4	4

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

Towd Point Mortgage Funding
1.361% due 07/20/2045 •	GBP	4,930	5,993
1.827% due 02/20/2054 •		184	224
Towd Point Mortgage Trust 2.250% due 12/25/2061 ~	$	9,750	9,542
WaMu Mortgage Pass-Through Certificates Trust
1.134% due 12/25/2046 •		13	12
1.176% due 03/25/2047 ^•		2,545	2,269
1.226% due 06/25/2047 •		1,837	1,622
1.286% due 07/25/2047 •		33	28
1.356% due 10/25/2046 ^•		369	325
1.476% due 02/25/2046 •		169	155
1.546% (12MTA + 1.070%) due 01/25/2046 ~		1,034	940
1.723% (COF 11 + 1.500%) due 08/25/2046 ~		77	70
1.723% (COF 11 + 1.500%) due 10/25/2046 ~		594	546
1.723% due 11/25/2046 •		444	408
1.824% (COF 11 + 1.500%) due 12/25/2046 ~		14	14
2.164% due 12/25/2045 •		6,338	5,805
2.184% due 11/25/2045 •		4	4
2.204% due 10/25/2045 •		12	11
2.204% due 12/25/2045 •		301	274
2.264% (US0001M + 0.640%) due 01/25/2045 ~		1	1
2.404% due 01/25/2045 •		478	452
2.424% (US0001M + 0.800%) due 12/25/2045 ~		1,269	1,202
2.577% due 01/25/2037 ^~		51	45
2.751% due 08/25/2035 ~		18	17
2.784% due 11/25/2045 •		1,839	1,710
2.808% due 01/25/2035 ~		37	36
2.842% due 12/25/2035 ~		145	141
2.851% due 10/25/2035 ~		15	14
3.052% due 12/25/2036 ^~		31	28
3.125% due 02/25/2037 ^~		18	17
3.213% due 06/25/2037 ^~		317	295
3.222% due 06/25/2037 ^~		93	85
3.325% due 02/25/2037 ^~		131	125
3.452% due 06/25/2033 ~		24	23
Washington Mutual Mortgage Pass-Through Certificates Trust
1.226% due 02/25/2047 ^•		730	677
1.306% due 11/25/2046 •		64	55
1.326% due 10/25/2046 ^•		94	80
1.416% due 04/25/2046 •		48	43
1.784% due 09/25/2036 •		349	109
2.124% (US0001M + 0.500%) due 02/25/2036 ~		380	324
4.057% due 09/25/2036 þ		668	225
Wells Fargo Alternative Loan Trust
3.411% due 07/25/2037 ^~		3	3
6.250% due 07/25/2037 ^		111	100
Wells Fargo Mortgage-Backed Securities Trust
2.751% due 12/25/2036 ^~		23	22
2.866% due 09/25/2036 ^~		4	4
Total Non-Agency Mortgage-Backed Securities (Cost $363,036)			347,476
ASSET-BACKED SECURITIES 31.4%
510 Asset-Backed Trust 2.240% due 06/25/2061 þ		1,907	1,804
Aames Mortgage Investment Trust
2.614% due 07/25/2035 •		466	460
3.649% (US0001M + 2.025%) due 01/25/2035 ~		71	69
Accredited Mortgage Loan Trust 1.884% (US0001M + 0.260%) due 09/25/2036 ~		555	544
ACE Securities Corp. Home Equity Loan Trust
1.744% due 10/25/2036 •		1	0
1.844% (US0001M + 0.220%) due 11/25/2036 ~		3,829	1,793
1.864% (US0001M + 0.240%) due 12/25/2036 ~		330	198
1.904% (US0001M + 0.280%) due 07/25/2036 ~		2,872	2,752
1.944% due 03/25/2037 •		30,578	15,917
2.104% due 06/25/2036 •		1,865	1,434
2.239% due 12/25/2035 •		1,250	1,197
2.284% due 08/25/2035 •		9,880	9,652
2.569% (US0001M + 0.945%) due 05/25/2035 ~		4,760	4,574
3.424% (US0001M + 1.800%) due 10/25/2032 ~		1	1
Aegis Asset-Backed Securities Trust Mortgage Pass-Through Certificates 2.329% due 10/25/2035 •		976	937
American Money Management Corp. CLO Ltd. 2.018% due 04/14/2029 •		3,886	3,865
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates
2.389% due 10/25/2035 •		88	87
2.494% due 11/25/2035 •		1,300	1,237
2.599% due 07/25/2035 •		2,000	1,900
2.644% due 10/25/2034 •		1,466	1,450
2.749% due 11/25/2034 •		84	81
3.274% due 11/25/2034 •		847	813

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

Aqueduct European CLO DAC 0.640% (EUR003M + 0.640%) due 07/20/2030 ~	EUR	5,536	5,717
Arbor Realty Commercial Real Estate Notes Ltd.
3.679% due 05/15/2037 •	$	5,900	5,856
4.179% (TSFR1M + 2.900%) due 05/15/2037 ~		5,900	5,855
Ares European CLO DAC 0.780% due 10/15/2031 •	EUR	10,600	10,862
Argent Mortgage Loan Trust 2.104% due 05/25/2035 •	$	66	59
Argent Securities Trust
1.734% due 09/25/2036 •		72	26
1.924% due 07/25/2036 •		538	476
1.984% due 04/25/2036 •		17,067	6,157
2.004% due 03/25/2036 •		828	766
2.104% due 06/25/2036 •		9,038	2,854
Argent Securities, Inc. Asset-Backed Pass-Through Certificates
2.284% due 11/25/2035 •		13,226	12,961
2.704% (US0001M + 1.080%) due 01/25/2034 ~		232	219
Asset-Backed Funding Certificates Trust 2.359% due 03/25/2035 •		4,108	3,704
Asset-Backed Securities Corp. Home Equity Loan Trust
2.434% due 06/25/2034 •		635	591
2.584% due 07/25/2035 •		26	26
2.719% due 02/25/2035 •		19	19
Bayview Opportunity Master Fund Trust 3.475% due 06/28/2034 þ		13	13
Bear Stearns Asset-Backed Securities Trust
1.864% (US0001M + 0.240%) due 06/25/2047 ~		603	602
1.944% due 08/25/2036 •		877	834
1.974% (US0001M + 0.350%) due 05/25/2037 ^~		13,644	11,578
2.274% (US0001M + 0.975%) due 02/25/2034 ~		1,448	1,377
2.299% (US0001M + 0.675%) due 08/25/2036 ~		59	58
2.674% due 08/25/2037 •		432	398
2.718% due 07/25/2036 ~		12	12
2.824% due 08/25/2034 •		746	742
3.065% due 10/25/2036 ~		6	5
3.499% due 12/25/2034 •		5,204	4,981
Benefit Street Partners CLO Ltd. 2.544% due 10/15/2030 •		8,150	7,762
Black Diamond CLO DAC 0.980% (EUR003M + 0.980%) due 05/15/2032 ~	EUR	8,800	9,012
Blackrock European CLO DAC 0.620% (EUR003M + 0.620%) due 10/15/2031 ~		4,500	4,560
BlueMountain Fuji EUR CLO II DAC 0.650% due 07/15/2030 •		5,548	5,725
BPCRE Holder LLC 3.907% due 01/18/2037 •	$	7,200	7,099
BSPRT Issuer Ltd. 1.000% (TSFR1M + 2.296%) due 07/15/2039 ~		22,500	22,415
Cairn CLO DAC
0.600% due 04/30/2031 •	EUR	4,398	4,548
0.670% due 01/31/2030 •		673	693
0.780% (EUR003M + 0.780%) due 10/15/2031 ~		2,900	2,962
Carlyle Euro CLO DAC 0.890% due 08/15/2032 •		7,900	8,032
Carrington Mortgage Loan Trust
1.884% due 02/25/2037 •	$	352	329
2.183% due 10/20/2029 •		1,836	1,813
2.374% due 10/25/2035 •		1,564	1,507
Centex Home Equity Loan Trust
2.119% due 06/25/2036 •		9,500	8,628
2.269% due 03/25/2034 •		216	207
Chase Funding Trust 2.264% due 08/25/2032 •		11	11
CIT Mortgage Loan Trust
2.974% due 10/25/2037 •		50	50
3.124% due 10/25/2037 •		20,000	18,727
Citigroup Mortgage Loan Trust
1.774% due 12/25/2036 •		325	136
1.804% due 01/25/2037 •		4,602	3,561
1.814% due 05/25/2037 •		1,556	1,180
1.824% due 05/25/2037 •		2,431	1,800
1.924% (US0001M + 0.300%) due 10/25/2036 ~		101	73
1.944% (US0001M + 0.320%) due 09/25/2036 ~		39	30
2.104% due 08/25/2036 •		3,282	2,951
2.144% due 03/25/2036 •		975	914
3.228% due 11/25/2070 þ		114	114
7.250% due 05/25/2036 þ		394	232
Citigroup Mortgage Loan Trust, Inc.
2.044% due 08/25/2036 •		4,191	4,089
2.074% (US0001M + 0.450%) due 10/25/2036 ~		221	220
2.524% (US0001M + 0.900%) due 09/25/2035 ^~		4,930	4,675
Countrywide Asset-Backed Certificates
1.904% (US0001M + 0.280%) due 03/25/2037 ~		2,123	2,084

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

2.024% due 02/25/2037 •		109	99
2.104% due 04/25/2037 •		245	213
Countrywide Asset-Backed Certificates Trust
1.764% due 06/25/2035 •		92	86
1.764% (US0001M + 0.140%) due 03/25/2037 ~		147	141
1.764% due 07/25/2037 •		314	291
1.764% due 07/25/2037 ^•		2,494	2,445
1.764% due 04/25/2047 •		67	64
1.774% due 06/25/2047 ^•		12	12
1.804% due 11/25/2047 ^•		38	37
1.824% (US0001M + 0.200%) due 06/25/2047 ^~		68	62
1.834% due 05/25/2047 ^•		110	104
1.844% due 09/25/2037 ^•		165	170
1.854% due 05/25/2037 •		2,215	2,094
1.874% due 06/25/2047 •		2,503	2,399
1.904% due 12/25/2046 •		2,118	1,963
1.914% due 10/25/2047 •		7,600	6,870
1.924% due 03/25/2047 ^•		494	485
2.024% due 08/25/2036 •		66	66
2.164% due 03/25/2036 •		291	268
2.204% (US0001M + 0.580%) due 08/25/2036 ~		4	4
2.209% (US0001M + 0.585%) due 05/25/2036 ~		3,496	3,395
2.224% due 06/25/2036 •		24	24
2.284% (US0001M + 0.660%) due 04/25/2036 ~		145	145
2.584% (US0001M + 0.960%) due 02/25/2036 ~		3,109	3,053
2.659% (US0001M + 1.035%) due 12/25/2035 ~		145	140
2.749% due 12/25/2034 •		16	16
2.974% due 08/25/2047 •		10,000	9,647
3.574% (US0001M + 1.950%) due 08/25/2035 ~		3,000	2,908
6.867% due 09/25/2046 þ		1,880	1,469
Countrywide Asset-Backed Certificates Trust, Inc. 2.364% (US0001M + 0.740%) due 08/25/2047 ~		238	229
Countrywide Partnership Trust 2.524% due 02/25/2035 •		1,037	982
Credit-Based Asset Servicing and Securitization LLC 2.674% due 03/25/2046 •		1,829	1,821
CSAB Mortgage-Backed Trust 5.684% due 12/25/2036 þ		1,403	361
CVC Cordatus Loan Fund DAC
0.630% (EUR003M + 0.630%) due 09/15/2031 ~	EUR	3,200	3,278
0.650% due 07/21/2030 •		609	630
0.650% due 10/15/2031 •		8,400	8,592
Dryden Euro CLO BV 0.660% due 04/15/2033 •		15,500	15,760
Dryden Euro CLO DAC 0.860% due 05/15/2034 •		9,100	9,226
ECMC Group Student Loan Trust 2.624% due 07/25/2069 •	$	367	356
Ellington Loan Acquisition Trust 2.724% due 05/25/2037 •		3,562	3,450
EMC Mortgage Loan Trust 2.924% due 02/25/2041 •		4	4
Encore Credit Receivables Trust 2.359% due 09/25/2035 •		36	35
Euro-Galaxy CLO DAC 0.620% due 04/24/2034 •	EUR	3,150	3,218
Fieldstone Mortgage Investment Trust
2.004% due 05/25/2036 •	$	117	85
2.164% due 05/25/2036 •		2,687	1,945
First Franklin Mortgage Loan Trust
1.784% due 11/25/2036 •		137	135
1.934% due 09/25/2036 •		8,003	7,481
2.104% due 04/25/2036 •		2,757	2,533
2.104% due 05/25/2036 •		2,800	2,237
2.124% due 06/25/2036 •		3,500	3,077
2.344% due 11/25/2035 •		390	370
FREED ABS Trust
1.910% due 03/19/2029		10,440	10,060
4.500% due 08/20/2029 (c)		16,900	16,900
Fremont Home Loan Trust
1.759% due 10/25/2036 •		484	440
1.764% due 11/25/2036 •		240	150
1.764% due 01/25/2037 •		633	369
1.774% due 10/25/2036 •		765	363
1.784% due 08/25/2036 •		10,429	3,873
1.964% due 02/25/2037 •		4,954	1,923
2.359% due 01/25/2035 •		167	163
2.359% due 07/25/2035 •		5	5
2.674% due 11/25/2034 •		1,257	1,220
Galaxy CLO Ltd. 2.014% (US0003M + 0.970%) due 10/15/2030 ~		280	276
GE-WMC Asset-Backed Pass-Through Certificates 2.264% due 12/25/2035 •		12,648	12,038

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

GLS Auto Receivables Issuer Trust
1.723% due 06/15/2023		10,100	10,049
3.550% due 01/15/2026		18,550	18,462
GSAA Home Equity Trust
1.724% due 05/25/2037 •		188	78
1.764% due 03/25/2036 •		147	59
1.864% due 06/25/2036 •		62	15
2.024% due 03/25/2037 •		1,413	485
2.264% (US0001M + 0.640%) due 04/25/2047 ~		294	154
2.689% (US0001M + 1.065%) due 06/25/2035 ~		111	108
2.946% due 03/25/2036 ~		171	52
5.995% due 03/25/2046 ^~		1,386	639
6.795% due 06/25/2036 þ		254	80
GSAMP Trust
1.674% due 12/25/2046 •		146	77
1.714% (US0001M + 0.090%) due 01/25/2037 ~		1,123	723
1.724% due 12/25/2046 •		107	57
1.754% due 12/25/2046 •		5,551	3,234
1.764% (US0001M + 0.140%) due 12/25/2036 ~		2,550	1,460
1.774% due 12/25/2046 •		527	281
1.794% due 12/25/2036 •		300	159
1.804% due 11/25/2035 •		1	0
1.824% due 01/25/2047 •		1,712	976
1.854% due 01/25/2037 •		3,394	2,971
1.924% due 09/25/2036 •		4,026	1,623
2.104% due 03/25/2046 •		162	159
2.124% due 05/25/2046 •		560	528
3.424% (US0001M + 1.800%) due 06/25/2035 ~		197	192
GSRPM Mortgage Loan Trust 2.524% due 03/25/2035 •		911	878
Harvest CLO DAC
0.640% due 10/15/2031 •	EUR	2,500	2,559
0.680% due 10/20/2031 •		7,200	7,364
HERA Commercial Mortgage Ltd. 2.662% due 02/18/2038 •	$	5,700	5,608
Home Equity Asset Trust
2.299% (US0001M + 0.675%) due 02/25/2036 ~		246	239
2.704% (US0001M + 1.080%) due 10/25/2035 ~		2,500	2,398
Home Equity Loan Trust
1.854% due 04/25/2037 •		3,454	3,342
1.964% due 04/25/2037 •		314	279
Home Equity Mortgage Loan Asset-Backed Trust 1.844% (US0001M + 0.220%) due 04/25/2037 ~		229	181
HSI Asset Securitization Corp. Trust
1.784% (US0001M + 0.160%) due 05/25/2037 ~		45	44
1.804% due 04/25/2037 •		881	627
1.824% (US0001M + 0.200%) due 07/25/2036 ~		117	57
1.844% due 12/25/2036 •		830	268
2.104% due 11/25/2035 •		678	646
Invesco Euro CLO DAC 0.650% (EUR003M + 0.650%) due 07/15/2031 ~	EUR	1,000	1,017
IXIS Real Estate Capital Trust
2.024% due 03/25/2036 ^•	$	192	107
2.084% due 01/25/2037 •		11,023	4,484
JP Morgan Mortgage Acquisition Trust
1.834% due 10/25/2036 •		178	176
1.924% (US0001M + 0.300%) due 07/25/2036 ~		60	31
1.924% (US0001M + 0.300%) due 03/25/2037 ~		1,200	1,131
2.024% (US0001M + 0.400%) due 07/25/2036 ~		1,874	1,751
Jubilee CLO DAC
0.610% (EUR003M + 0.610%) due 04/15/2030 ~	EUR	6,700	6,936
0.650% (EUR003M + 0.650%) due 04/15/2031 ~		5,700	5,865
KKR CLO Ltd. 2.444% due 04/15/2031 •	$	3,850	3,676
KKR Static CLO Ltd. 4.486% due 07/20/2031 •(c)		5,000	5,000
Lehman XS Trust 1.944% due 05/25/2036 •		72	80
LendingClub Receivables Trust
3.750% due 01/15/2027		6,450	6,376
3.750% due 12/15/2045		3,579	3,538
4.000% due 08/15/2025		4,591	4,555
Lendingpoint Asset Securitization Trust 1.000% due 12/15/2028		2,683	2,661
Long Beach Mortgage Loan Trust
1.784% due 12/25/2036 •		404	292
1.794% (US0001M + 0.170%) due 12/25/2036 ~		275	114
1.924% due 05/25/2036 •		53	32
2.064% due 02/25/2036 •		469	456
2.144% (US0001M + 0.520%) due 08/25/2045 ~		24	23
2.164% due 05/25/2046 •		336	120
2.224% due 01/25/2036 •		8,296	7,659
2.269% due 11/25/2035 •		4	4
2.539% due 08/25/2035 •		5,466	4,880

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

2.599% (US0001M + 0.975%) due 04/25/2035 ~		100	99
M360 Ltd. 3.876% (US0001M + 2.250%) due 11/22/2038 ~		6,463	6,375
Man GLG Euro CLO DAC
0.680% due 10/15/2030 •	EUR	1,295	1,329
0.690% due 12/15/2031 •		7,000	7,179
Marathon CLO Ltd. 2.194% due 04/15/2029 •	$	5,783	5,710
Massachusetts Educational Financing Authority 2.134% due 04/25/2038 •		12	12
MASTR Asset-Backed Securities Trust
1.674% due 01/25/2037 •		1,261	427
1.824% due 10/25/2036 •		8,919	4,954
1.834% (US0001M + 0.210%) due 05/25/2037 ~		1,973	1,873
1.844% due 11/25/2036 •		518	195
1.944% (US0001M + 0.320%) due 10/25/2036 ~		281	156
2.104% due 03/25/2036 •		43	32
2.204% (US0001M + 0.580%) due 12/25/2035 ~		25	25
2.374% due 10/25/2035 ^•		8,389	7,982
4.324% due 07/25/2034 •		195	189
MASTR Specialized Loan Trust 2.749% due 11/25/2035 •		640	616
Merrill Lynch Mortgage Investors Trust
1.734% (US0001M + 0.110%) due 07/25/2037 ~		393	186
1.844% due 08/25/2037 •		2,562	1,432
2.104% due 03/25/2037 •		65,897	19,226
2.124% due 07/25/2037 •		192	55
2.144% (US0001M + 0.520%) due 02/25/2037 ~		689	237
2.224% due 01/25/2037 •		8,625	8,027
MF1 Ltd.
2.542% due 02/19/2037 •		12,500	11,908
3.062% (US0001M + 1.450%) due 10/16/2036 ~		12,800	12,120
3.362% due 10/16/2036 •		12,800	12,071
MFA Trust 2.363% due 03/25/2060 þ		1,322	1,277
MidOcean Credit CLO 2.528% due 02/20/2031 •		10,500	10,330
MKS CLO Ltd. 2.063% (US0003M + 1.000%) due 07/20/2030 ~		6,050	5,976
Morgan Stanley ABS Capital, Inc. Trust
1.704% due 11/25/2036 •		411	260
1.714% due 01/25/2037 •		293	155
1.734% due 12/25/2036 •		7,153	3,946
1.734% due 03/25/2037 •		582	277
1.754% (US0001M + 0.130%) due 10/25/2036 ~		21	19
1.754% due 01/25/2037 •		231	123
1.754% (US0001M + 0.130%) due 02/25/2037 ~		3,159	2,365
1.759% (US0001M + 0.135%) due 11/25/2036 ~		430	306
1.784% due 09/25/2036 •		631	297
1.804% (US0001M + 0.180%) due 03/25/2037 ~		933	446
1.834% (US0001M + 0.210%) due 01/25/2037 ~		211	112
1.839% due 03/25/2037 •		2,765	1,211
1.854% (US0001M + 0.230%) due 10/25/2036 ~		600	340
1.854% due 11/25/2036 •		1,659	1,059
1.904% due 08/25/2036 •		389	218
1.984% due 02/25/2037 •		16,452	5,751
2.124% due 04/25/2036 •		2,628	2,463
2.329% (US0001M + 0.705%) due 12/25/2034 ~		25	23
2.479% due 03/25/2034 •		1,521	1,482
2.539% (US0001M + 0.915%) due 03/25/2035 ~		72	71
2.554% due 07/25/2035 •		822	806
3.524% due 02/25/2047 •		116	107
Morgan Stanley Dean Witter Capital, Inc. Trust 2.604% due 02/25/2033 •		101	99
Morgan Stanley Home Equity Loan Trust 1.724% due 12/25/2036 •		1,032	560
Morgan Stanley Mortgage Loan Trust
1.804% due 12/25/2036 •		3,988	1,795
1.964% due 11/25/2036 •		30	10
2.344% (US0001M + 0.720%) due 04/25/2037 ~		34	12
MP CLO Ltd. 1.934% due 10/18/2028 •		2,843	2,790
Nationstar Home Equity Loan Trust 1.984% due 09/25/2036 •		16,180	15,258
New Century Home Equity Loan Trust
2.404% (US0001M + 0.780%) due 03/25/2035 ~		299	288
2.599% (US0001M + 0.975%) due 11/25/2034 ~		362	350
Nomura Home Equity Loan, Inc. Home Equity Loan Trust
1.954% due 10/25/2036 ^•		146	35
6.032% due 10/25/2036 ^þ		179	50
North Carolina State Education Assistance Authority 2.424% due 07/25/2039 •		210	208
NovaStar Mortgage Funding Trust
1.824% due 09/25/2037 •		377	364

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

1.944% due 10/25/2036 •		207	126
2.704% due 06/25/2035 •		50	49
Oaktree CLO Ltd. 2.204% due 07/15/2034 •		6,500	6,268
OCP CLO Ltd. 2.183% (US0003M + 1.120%) due 07/20/2029 ~		319	316
Option One Mortgage Loan Trust
1.724% (US0001M + 0.100%) due 07/25/2036 ~		3,987	2,109
1.754% (US0001M + 0.130%) due 07/25/2037 ~		5,986	4,601
1.764% (US0001M + 0.140%) due 01/25/2037 ~		4,911	3,065
1.764% (US0001M + 0.140%) due 03/25/2037 ~		187	132
1.764% due 03/25/2037 •		2,171	1,983
1.844% due 04/25/2037 •		603	451
1.844% (US0001M + 0.220%) due 05/25/2037 ~		450	303
2.164% due 01/25/2036 •		1,626	1,522
2.404% due 02/25/2035 •		362	351
Ownit Mortgage Loan Trust
2.449% due 08/25/2036 •		8,166	7,613
2.524% (US0001M + 0.900%) due 10/25/2036 ^~		30	28
OZLM Ltd.
2.163% due 10/20/2031 •		3,950	3,877
2.513% due 07/20/2032 •		6,650	6,432
2.763% due 10/20/2031 •		1,485	1,427
2.763% due 07/20/2032 •		4,050	3,845
Pagaya AI Debt Selection Trust
1.150% due 05/15/2029		2,969	2,888
2.030% due 10/15/2029		16,570	16,009
Palmer Square European Loan Funding DAC 0.780% due 04/15/2031 •	EUR	14,305	14,807
Palmer Square Loan Funding Ltd. 2.084% due 10/24/2027 •	$	336	335
Park Place Securities, Inc. Asset-Backed Pass-Through Certificates
2.674% due 10/25/2034 •		37	37
3.274% due 12/25/2034 •		973	986
3.349% due 02/25/2035 •		7,592	6,886
3.424% (US0001M + 1.800%) due 12/25/2034 ~		34	34
3.499% due 12/25/2034 •		4,101	3,885
Popular ABS Mortgage Pass-Through Trust
1.934% due 06/25/2047 ^•		10,777	9,908
1.954% (US0001M + 0.330%) due 07/25/2036 ~		347	333
2.494% (US0001M + 0.870%) due 02/25/2036 ~		3,675	3,452
PRET LLC
1.744% due 07/25/2051 þ		4,461	4,185
1.868% due 07/25/2051 þ		2,844	2,568
2.487% due 10/25/2051 þ		7,613	7,157
3.721% due 07/25/2051 þ		9,974	9,519
5.240% due 04/25/2052 þ		7,844	7,717
6.170% due 06/25/2052 «þ		17,400	17,463
Pretium Mortgage Credit Partners LLC 2.240% due 09/27/2060 þ		1,603	1,525
RAAC Trust
2.134% due 08/25/2036 •		2	2
2.329% (US0001M + 0.705%) due 02/25/2036 ~		7,202	6,641
Renaissance Home Equity Loan Trust
2.724% (US0001M + 1.100%) due 09/25/2037 ~		170	85
5.586% due 11/25/2036 þ		2,158	901
5.612% due 04/25/2037 þ		368	124
Research-Driven Pagaya Motor Asset Trust
2.650% due 03/25/2030		4,482	4,269
4.320% due 09/25/2030		2,700	2,657
Residential Asset Mortgage Products Trust
1.984% due 08/25/2046 •		10,143	9,551
2.064% due 12/25/2035 •		17	15
2.224% due 03/25/2036 •		182	179
2.314% (US0001M + 0.460%) due 10/25/2035 ~		126	125
2.874% due 10/25/2034 •		1,127	1,066
3.304% due 08/25/2035 •		8,584	8,099
3.349% due 08/25/2034 •		3,418	3,277
Residential Asset Securities Corp. Trust
1.894% due 08/25/2036 •		426	412
2.204% due 06/25/2033 •		58	53
2.284% due 12/25/2035 •		2,760	2,675
2.509% due 12/25/2035 •		17,408	15,497
2.869% due 02/25/2035 •		4,966	4,749
Saxon Asset Securities Trust 1.924% (US0001M + 0.300%) due 09/25/2036 ~		8,365	7,071
Sculptor CLO Ltd. 2.314% (US0003M + 1.270%) due 01/15/2031 ~		7,000	6,849
Sculptor European CLO DAC 1.050% (EUR003M + 1.050%) due 10/15/2034 ~	EUR	10,510	10,653
Securitized Asset-Backed Receivables LLC Trust
1.724% due 10/25/2036 ^•	$	24,960	9,486
1.784% (US0001M + 0.160%) due 08/25/2036 ~		2,281	844
1.964% due 08/25/2036 ^•		18	7

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

2.104% due 07/25/2036 •		810	391
2.269% due 10/25/2035 •		2,434	2,204
2.284% (US0001M + 0.660%) due 08/25/2035 ^~		42	32
2.344% due 10/25/2035 •		1,317	1,178
2.584% due 01/25/2036 ^•		317	297
2.674% due 03/25/2035 •		54	52
SG Mortgage Securities Trust
1.764% due 10/25/2036 •		123	115
2.509% due 10/25/2035 •		5,879	4,797
SLM Student Loan Trust 2.684% due 04/25/2023 •		113	113
SMB Private Education Loan Trust
1.310% due 07/17/2051		9,006	8,362
4.550% due 02/16/2055		11,220	11,000
SoFi Professional Loan Program Trust 2.540% due 05/15/2046		988	948
Sound Point CLO Ltd.
2.113% due 10/20/2028 •		14,008	13,839
2.164% due 07/25/2030 •		6,100	5,999
2.174% due 01/23/2029 •		5,182	5,119
Soundview Home Loan Trust
1.704% due 06/25/2037 •		55	40
1.794% due 07/25/2037 •		253	225
1.794% due 08/25/2037 •		767	679
1.804% due 02/25/2037 •		2,238	687
1.824% due 06/25/2037 •		860	636
1.884% due 02/25/2037 •		128	40
2.089% due 02/25/2036 •		939	889
2.524% (US0001M + 0.900%) due 10/25/2037 ~		4,429	3,486
2.924% (US0001M + 1.300%) due 10/25/2037 ~		1,317	1,057
South Carolina Student Loan Corp. 2.580% due 09/03/2024 •		38	38
Specialty Underwriting & Residential Finance Trust
1.694% due 11/25/2037 •		2,460	1,551
1.924% due 06/25/2037 •		39	24
1.924% due 09/25/2037 •		307	225
1.974% due 04/25/2037 •		3,286	2,479
2.224% due 12/25/2036 •		338	320
Structured Asset Investment Loan Trust
1.754% due 07/25/2036 •		29	23
1.774% due 09/25/2036 •		21	21
1.804% (US0001M + 0.180%) due 09/25/2036 ~		7,030	4,649
2.244% (US0001M + 0.620%) due 01/25/2036 ~		72	69
2.404% (US0001M + 0.780%) due 02/25/2035 ~		1,050	1,021
2.554% (US0001M + 0.930%) due 06/25/2035 ~		284	274
2.574% (US0001M + 0.950%) due 08/25/2033 ~		228	221
4.774% due 08/25/2033 •		120	112
Structured Asset Securities Corp. Mortgage Loan Trust
1.759% due 07/25/2036 •		27	26
1.784% due 03/25/2036 •		9	9
1.934% (US0001M + 0.310%) due 08/25/2046 ~		3,743	3,535
1.964% due 12/25/2036 •		39	39
2.044% due 02/25/2037 •		409	386
2.562% due 04/25/2035 •		2	2
Symphony CLO Ltd. 1.988% (US0003M + 0.950%) due 07/14/2026 ~		204	203
Telos CLO Ltd. 1.994% due 04/17/2028 •		9	9
Theorem Funding Trust
1.210% due 12/15/2027		4,816	4,709
1.850% due 02/15/2028		11,077	10,865
TICP CLO Ltd. 1.903% (US0003M + 0.840%) due 04/20/2028 ~		315	313
Tikehau CLO BV 0.870% due 08/04/2034 •	EUR	9,000	9,195
Towd Point Mortgage Trust
2.624% (US0001M + 1.000%) due 05/25/2058 ~	$	50	49
2.624% due 10/25/2059 •		69	68
2.900% due 10/25/2059 ~		849	824
3.000% due 01/25/2058 ~		193	190
3.000% due 11/25/2058 ~		201	199
3.201% due 10/25/2057 ~		1,031	912
Upstart Pass-Through Trust Series 3.800% due 04/20/2030 «		9,201	9,096
Upstart Securitization Trust
0.870% due 03/20/2031		2,200	2,177
3.120% due 03/20/2032		25,165	24,608
4.370% due 05/20/2032		7,300	7,219
4.480% due 03/20/2032		12,000	11,458
5.500% due 06/20/2032 (c)		20,100	19,858
Venture CLO Ltd.
1.924% due 04/15/2027 •		96	95
1.963% due 10/20/2028 •		8,139	8,044
2.083% due 04/20/2029 •		1,308	1,291

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

2.113% due 07/20/2030 •		4,400	4,347
2.163% (US0003M + 1.100%) due 01/20/2029 ~		9,273	9,184
2.401% due 09/07/2030 •		11,400	11,245
2.628% due 08/28/2029 •		383	381
Vibrant CLO Ltd. 2.763% (US0003M + 1.700%) due 07/20/2032 ~		9,125	8,701
WaMu Asset-Backed Certificates WaMu Trust
1.849% due 05/25/2037 •		113	105
1.864% due 05/25/2037 •		432	377
Washington Mutual Asset-Backed Certificates Trust
1.684% due 11/25/2036 •		735	291
1.934% due 08/25/2036 •		2,256	2,112
Wellfleet CLO Ltd. 1.953% due 04/20/2029 •		7,289	7,238
Wells Fargo Home Equity Asset-Backed Securities Trust 2.374% due 12/25/2035 •		422	412
Total Asset-Backed Securities (Cost $1,242,433)			1,180,098
SOVEREIGN ISSUES 0.1%
Brazil Government International Bond 4.750% due 01/14/2050		995	677
Israel Government International Bond 1.250% due 11/30/2022	ILS	13,600	3,896
Total Sovereign Issues (Cost $5,319)			4,573
		SHARES
PREFERRED SECURITIES 0.2%
BANKING & FINANCE 0.2%
CaixaBank SA
6.000% due 07/18/2022 •(h)(i)		200,000	210
6.750% due 06/13/2024 •(h)(i)		1,000,000	1,012
JPMorgan Chase & Co.
4.600% due 02/01/2025 •(h)		145,000	123
4.709% (US0003M + 3.470%) due 10/30/2022 ~(h)		2,569,000	2,439
Stichting AK Rabobank Certificaten 6.500% due 12/29/2049 þ(h)		1,236,900	1,262
Truist Financial Corp. 4.950% due 09/01/2025 •(h)		302,000	295
			5,341
REAL ESTATE 0.0%
SL Green Realty Corp. 6.500% due 08/01/2022 (h)		26,950	673
Total Preferred Securities (Cost $7,045)			6,014
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 77.1%
COMMERCIAL PAPER 0.5%
Crown Castle International Corp. 2.400% due 07/12/2022	$	19,950	19,936
REPURCHASE AGREEMENTS (k) 43.2%			1,623,300
SHORT-TERM NOTES 2.7%
AmeriCredit Automobile Receivables Trust 2.192% due 06/19/2023		22,200	22,192
CCG Receivables Trust 1.842% due 06/14/2023		14,500	14,469
Enterprise Fleet Financing LLC 2.764% due 06/20/2023		43,600	43,651
Exeter Automobile Receivables Trust 1.865% due 06/15/2023		21,285	21,274
			101,586
ISRAEL TREASURY BILLS 0.9%
(0.003)% due 12/07/2022 - 01/04/2023 (e)(f)	ILS	120,200	34,297

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

U.S. TREASURY BILLS 19.2%
1.024% due 07/07/2022 - 09/29/2022 (e)(f)(o)	$	724,000		722,935
U.S. TREASURY CASH MANAGEMENT BILLS 10.6%
1.645% due 09/06/2022 - 11/01/2022 (c)(e)(f)		399,700		397,797
Total Short-Term Instruments (Cost $2,903,968)				2,899,851
Total Investments in Securities (Cost $5,095,653)				4,920,382
		SHARES
INVESTMENTS IN AFFILIATES 1.5%
SHORT-TERM INSTRUMENTS 1.5%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 1.5%
PIMCO Short-Term Floating NAV Portfolio III		5,799,783		56,281
Total Short-Term Instruments (Cost $56,345)				56,281
Total Investments in Affiliates (Cost $56,345)				56,281
Total Investments 132.3% (Cost $5,151,998)			$	4,976,663
Financial Derivative Instruments(l)(n)(0.7)%(Cost or Premiums, net $9,600)				(26,872)
Other Assets and Liabilities, net (31.6)%				(1,189,436)
Net Assets 100.0%			$	3,760,355

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 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).
~	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)	Security is an Interest Only ("IO") or IO Strip.
(b)	Principal only security.
(c)	When-issued security.
(d)	Payment in-kind security.
(e)	Coupon represents a weighted average yield to maturity.
(f)	Zero coupon security.
(g)	Principal amount of security is adjusted for inflation.
(h)	Perpetual maturity; date shown, if applicable, represents next contractual call date.
(i)	Contingent convertible security.
(j)	RESTRICTED SECURITIES:
Issuer Description								Coupon		Maturity Date		Acquisition Date					Cost										Market Value						Market Value as Percentage of Net Assets
Deutsche Bank AG							2.129		%	11/24/2026		11/017/2020			$		4,400						$				3,913						0.10			%
Deutsche Bank AG							3.035			05/28/2032		05/27/2021- 06/16/2021					3,104										2,456						0.07
Oracle Corp.							3.950			03/25/2051		03/22/2021					3,694										2,723						0.07
															$		11,198						$				9,092						0.24			%
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(k)	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)
BOS		1.520%	07/01/2022	07/05/2022	$	570,700					U.S. Treasury Bonds 2.750% - 3.125% due 08/15/2047 - 05/15/2048									$		(579,726)				$				570,700		$			570,700
		1.540	06/30/2022	07/01/2022		800,600					U.S. Treasury Bonds 3.000% - 4.375% due 05/15/2040 - 02/15/2048											(825,491)								800,600					800,634
BRC		1.450	07/01/2022	07/05/2022		202,500					U.S. Treasury Bonds 3.375% due 11/15/2048											(206,467)								202,500					202,500
SGY		1.480	06/30/2022	07/01/2022		49,500					U.S. Treasury Notes 1.250% due 11/30/2026											(50,551)								49,500					49,502
Total Repurchase Agreements																				$		(1,662,235)				$				1,623,300		$			1,623,336
SHORT SALES:
Description													Coupon	Maturity Date				Principal Amount							Proceeds							Payable for Short Sales
U.S. Government Agencies (5.6)%
Uniform Mortgage-Backed Security, TBA													2.000%	07/01/2037		$			44,300					$					(41,489)		$				(41,362)
Uniform Mortgage-Backed Security, TBA													2.000	08/01/2052					106,100										(90,763)						(92,009)
Uniform Mortgage-Backed Security, TBA													2.500	08/01/2052					84,000										(75,593)						(75,479)
Total Short Sales (5.6)%																								$					(207,845)		$				(208,850)
(1)	Includes accrued interest.
(l)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

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 September Futures												09/2022					1,379				$				289,612								$					(1,017)								$		775									$					0
U.S. Treasury 10-Year Note September Futures												09/2022					2,636								312,448													(2,530)										2,677														0
U.S. Treasury 30-Year Bond September Futures												09/2022					295								40,894													(216)										498														0
																																$					(3,763)								$		3,950									$					0
SHORT FUTURES CONTRACTS
																																														Variation Margin
Description												Expiration Month					# of Contracts								Notional Amount													Unrealized Appreciation/ (Depreciation)										Asset														Liability
Euro-Bund 10-Year Bond September Futures												09/2022					208				$				(32,430)								$					708								$		0									$					(785)
Euro-Buxl 30-Year Bond September Futures												09/2022					38								(6,513)													281										0														(280)
U.S. Treasury 5-Year Note September Futures												09/2022					2,664								(299,034)													1,892										0														(1,873)
U.S. Treasury Ultra Long-Term Bond September Futures												09/2022					689								(106,343)													3,097										0														(1,615)
																																$					5,978								$		0									$					(4,553)
Total Futures Contracts																																$					2,215								$		3,950									$					(4,553)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION(1)
																																																	Variation Margin
Reference Entity		Fixed Receive Rate		Payment Frequency			Maturity Date			Implied Credit Spread at June 30, 2022(2)										Notional Amount(3)						Premiums Paid/ (Received)								Unrealized Appreciation/ (Depreciation)								Market Value(4)											Asset										Liability
AT&T, Inc.		1.000%		Quarterly			12/20/2025			1.108				%		$				500		$				7			$					(9)					$			(2)								$			0					$					(1)
AT&T, Inc.		1.000		Quarterly			06/20/2026			1.142										9,300						152								(198)								(46)											0										(7)
Boeing Co.		1.000		Quarterly			06/20/2023			1.520										7,700						19								(55)								(36)											0										(2)
Boeing Co.		1.000		Quarterly			12/20/2026			2.445										4,300						(17)								(226)								(243)											0										(6)
General Electric Co.		1.000		Quarterly			06/20/2026			1.530										5,100						34								(131)								(97)											0										(4)
General Electric Co.		1.000		Quarterly			12/20/2026			1.700										500						6								(20)								(14)											0										(1)
General Motors Co.		5.000		Quarterly			12/20/2026			2.634										12,700						2,527								(1,326)								1,201											0										(17)
Rolls-Royce PLC		1.000		Quarterly			12/20/2025			3.940						EUR				200						(19)								0								(19)											0										(1)
Stellantis NV		5.000		Quarterly			12/20/2026			2.172										6,100						1,407								(646)								761											0										(41)
Volkswagen International Finance NV		1.000		Quarterly			12/20/2025			1.508										24,300						298								(722)								(424)											0										(202)
																							$				4,414			$					(3,333)					$			1,081								$			0					$					(282)
CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION(1)
																																																	Variation Margin
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				$					32,800				$				(1,133)			$					(3,128)					$			(4,261)								$			0					$					(33)
CDX.HY-36 5-Year Index			5.000			Quarterly			06/20/2026									1,188								109								(118)								(9)											0										(2)
CDX.HY-38 5-Year Index			5.000			Quarterly			06/20/2027									7,821								259								(476)								(217)											0										(10)
CDX.IG-37 5-Year Index			1.000			Quarterly			12/20/2026									10,300								140								(115)								25											0										(1)
CDX.IG-38 5-Year Index			1.000			Quarterly			06/20/2027									590,100								5,811								(5,818)								(7)											0										(115)
iTraxx Europe Main 37 5-Year Index			1.000			Quarterly			06/20/2027				EUR					506,800								3,503								(8,035)								(4,532)											0										(1,362)
																						$				8,689			$					(17,690)					$			(9,001)								$			0					$					(1,523)
INTEREST RATE SWAPS
																																																	Variation Margin
Pay/ Receive Floating Rate	Floating Rate Index				Fixed Rate			Payment Frequency			Maturity Date								Notional Amount									Premiums Paid/ (Received)								Unrealized Appreciation/ (Depreciation)								Market Value											Asset										Liability
Pay(5)	1-Day GBP-SONIO Compounded-OIS				0.750%			Annual			09/21/2032				GBP				66,200					$				(6,422)			$					(5,230)					$			(11,652)								$			1,204					$					0

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

Receive(5)		1-Day GBP-SONIO Compounded-OIS		0.750	Annual		09/21/2052			28,600				5,895				5,111						11,006			0					(851)
Pay		1-Day USD-SOFR Compounded-OIS		1.250	Annual		12/15/2028		$	13,450				83				(1,232)						(1,149)			85					0
Pay		1-Day USD-SOFR Compounded-OIS		1.000	Annual		06/15/2029			75,450				(2,990)				(5,498)						(8,488)			492					0
Pay		1-Day USD-SOFR Compounded-OIS		1.500	Annual		12/15/2031			10,950				227				(1,338)						(1,111)			87					0
Pay		1-Day USD-SOFR Compounded-OIS		1.250	Annual		06/15/2032			58,570				(1,983)				(5,939)						(7,922)			458					0
Pay		3-Month USD-LIBOR		1.000	Semi-Annual		12/16/2025			48,700				1,097				(4,463)						(3,366)			193					0
Pay		3-Month USD-LIBOR		0.500	Semi-Annual		06/16/2028			138,800				(8,152)				(11,258)						(19,410)			838					0
Receive		3-Month USD-LIBOR		1.000	Semi-Annual		12/16/2030			119,200				3,138				15,301						18,439			0					(874)
Receive		3-Month USD-LIBOR		1.250	Semi-Annual		06/16/2051			44,400				8,997				5,965						14,962			0					(302)
Pay(5)		6-Month EUR-EURIBOR		0.250	Annual		09/21/2032		EUR	68,300				(6,421)				(6,735)						(13,156)			1,182					0
Receive(5)		6-Month EUR-EURIBOR		0.500	Annual		09/21/2052			25,000				3,018				5,877						8,895			0					(647)
Pay		UKRPI		3.475	Maturity		08/15/2030		GBP	25,600				(79)				(4,662)						(4,741)			48					0
											$		(3,592)			$	(14,101)				$		(17,693)		$	4,587				$	(2,674)
Total Swap Agreements											$		9,511			$	(35,124)				$		(25,613)		$	4,587				$	(4,479)
(m)	Securities with an aggregate market value of $23,249 and cash of $51,640 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 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 corporate 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)	This instrument has a forward starting effective date.
(n)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
FORWARD FOREIGN CURRENCY CONTRACTS:
																			Unrealized Appreciation/(Depreciation)
Counterparty			Settlement Month					Currency to be Delivered							Currency to be Received							Asset							Liability
BOA			07/2022			$		37,011				DKK			260,220					$		0						$	(348)
			07/2022			ZAR		3,482				$			227							13							0
			08/2022			CHF		2,688							2,759							0							(64)
			08/2022			DKK		259,692							37,011							356							0
			08/2022			EUR		19,344							20,737							407							0
			08/2022			GBP		63,766							79,153							1,472							0
			08/2022			JPY		1,065,100							8,271							400							0
			08/2022			MXN		22,054							1,086							0							(3)
			08/2022			NOK		7,268							763							25							0
			08/2022			SEK		109,205							11,040							348							0
			08/2022			$		4,808				EUR			4,482							0							(98)
			08/2022					1,447				GBP			1,176							0							(14)
BPS			07/2022			MXN		1,195,490				$			59,486							37							0
			07/2022			$		57,153				MXN			1,195,490							2,296							0
			08/2022			EUR		185,243				$			195,701							1,019							0
			08/2022			INR		88,828							1,140							19							0
			08/2022			MXN		836,638							38,088							0							(3,253)
			08/2022			NOK		5,150							534							10							0
			08/2022			$		5				IDR			72,767							0							0
			08/2022					7,379				ZAR			117,705							0							(176)
			09/2022			TWD		1,856				$			67							4							0
			09/2022			$		58,610				MXN			1,195,490							58							0
			11/2022					659				ZAR			10,635							0							(14)
BRC			08/2022			GBP		3,417				$			4,247							84							0
			08/2022			SGD		553							401							2							0
CBK			08/2022			AUD		34,818							24,535							493							0
			08/2022			ZAR		117,705							7,486							282							0
			09/2022			MXN		23,797							1,154							0							(16)
			11/2022			ILS		13,767							4,371							387							0
			11/2022			ZAR		20,355							1,353							118							0
			12/2022			ILS		57,105							18,316							1,780							0
			01/2023					37,194							11,775							982							0
GLM			07/2022			BRL		10,739							2,162							110							0

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

		07/2022		$	2,066				BRL	10,740					0						(14)
		07/2022		ZAR	216				$	13					0						0
		08/2022		BRL	10,739					2,050					15						0
		09/2022		HKD	73,519					9,388					0						0
HUS		08/2022		CHF	975					1,023					0						(1)
		08/2022		CLP	6,126					7					1						0
		08/2022		CNH	1,238					184					0						(1)
		08/2022		IDR	368,456					25					1						0
		08/2022		JPY	269,900					2,137					143						0
		05/2023		CNH	1,247					186					0						(1)
JPM		08/2022			545					81					0						0
		08/2022		IDR	837,584					57					1						0
		08/2022		JPY	8,427,530					64,470					2,192						0
		08/2022		KRW	1,354,135					1,064					13						0
		08/2022		SGD	4,440					3,230					34						0
		08/2022		TWD	50,542					1,715					11						0
		09/2022			2,197					79					5						0
		12/2022		ILS	25,905					8,400					899						0
MYI		07/2022		DKK	339,555					50,416					2,575						0
		07/2022		$	11,305				DKK	79,303					0						(131)
		08/2022		DKK	54,502				$	7,762					69						0
		08/2022		EUR	105,919					112,070					755						0
		08/2022		INR	149,190					1,910					27						0
		08/2022		KRW	1,752,661					1,376					15						0
		08/2022		TWD	15,030					510					3						0
		08/2022		$	2,669				CHF	2,645					110						0
		08/2022			1,216				EUR	1,147					0						(11)
		08/2022			39				IDR	575,716					0						(1)
		09/2022		TWD	897				$	32					2						0
SCX		07/2022		ILS	4,086					1,212					42						0
		08/2022		AUD	3,041					2,186					87						0
		08/2022		CHF	35,198					35,343					0						(1,628)
		08/2022		CNH	2,197					328					0						0
		08/2022		GBP	3,765					4,722					136						0
		08/2022		JPY	538,800					4,179					197						0
		08/2022		TWD	4,329					146					0						0
		09/2022		ZAR	4,380					283					16						0
SOG		08/2022		NOK	7,929					808					3						0
		08/2022		$	1,178				GBP	970					4						0
UAG		09/2022		HKD	26,664				$	3,405					0						0
		09/2022		MXN	337,336					16,929					352						0
Total Forward Foreign Currency Contracts													$	18,410				$		(5,774)
PURCHASED OPTIONS:
INTEREST RATE SWAPTIONS
Counterparty	Description		Floating Rate Index				Pay/Receive Floating Rate	Exercise Rate			Expiration Date	Notional Amount(1)					Cost					Market Value
CBK	Put - OTC 2-Year Interest Rate Swap		3-Month USD-LIBOR				Receive	1.850%			03/18/2024	241,600				$	2,320		$			5,868
Total Purchased Options																$	2,320		$			5,868
WRITTEN OPTIONS:
CREDIT DEFAULT SWAPTIONS ON CREDIT INDICES
Counterparty	Description					Buy/Sell Protection		Exercise Rate			Expiration Date	Notional Amount(1)					Premiums (Received)					Market Value
BOA	Put - OTC CDX.IG-38 5-Year Index					Sell		1.200%			07/20/2022	7,400				$	(11)		$			(5)
	Put - OTC iTraxx Crossover 36 5-Year Index					Sell		5.250			07/20/2022	2,700					(28)					(54)
	Put - OTC iTraxx Europe 36 5-Year Index					Sell		1.200			07/20/2022	6,400					(29)					(14)
	Put - OTC iTraxx Europe 37 5-Year Index					Sell		1.400			08/17/2022	3,700					(10)					(12)
BPS	Put - OTC CDX.IG-37 5-Year Index					Sell		1.200			07/20/2022	7,500					(14)					(3)
BRC	Put - OTC iTraxx Crossover 37 5-Year Index					Sell		7.000			08/17/2022	1,600					(15)					(18)
	Put - OTC iTraxx Europe 36 5-Year Index					Sell		1.200			07/20/2022	8,800					(40)					(19)
GST	Put - OTC CDX.IG-38 5-Year Index					Sell		1.300			08/17/2022	10,500					(24)					(17)
JPM	Put - OTC CDX.HY-38 5-Year Index					Sell		95.000			08/17/2022	4,600					(56)					(70)
	Put - OTC iTraxx Crossover 37 5-Year Index					Sell		7.000			08/17/2022	3,800					(34)					(43)
	Put - OTC iTraxx Europe 37 5-Year Index					Sell		1.200			07/20/2022	4,300					(13)					(16)
MYC	Put - OTC CDX.IG-38 5-Year Index					Sell		1.250			07/20/2022	5,200					(8)					(3)
																$	(282)		$			(274)

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

INTEREST RATE SWAPTIONS
Counterparty			Description			Floating Rate Index					Pay/Receive Floating Rate			Exercise Rate			Expiration Date						Notional Amount(1)				Premiums (Received)						Market Value
CBK			Put - OTC 2-Year Interest Rate Swap			3-Month USD-LIBOR					Pay			2.800%			03/18/2024						483,200		$		(2,319)					$	(6,589)
Total Written Options																									$		(2,601)					$	(6,863)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION(2)
																														Swap Agreements, at Value(5)
Counterparty	Reference Entity						Fixed Receive Rate		Payment Frequency			Maturity Date			Implied Credit Spread at June 30, 2022(3)						Notional Amount(4)			Premiums Paid/(Received)				Unrealized Appreciation/ (Depreciation)			Asset				Liability
JPM	Hochtief AG						5.000%		Quarterly			12/20/2025			2.451%			EUR			1,600	$		370		$		(227)	$		143			$	0
TOTAL RETURN SWAPS ON EQUITY INDICES
																														Swap Agreements, at Value
Counterparty		Pay/Receive(6)			Underlying Reference			# of Units		Financing Rate			Payment Frequency			Maturity Date				Notional Amount				Premiums Paid/(Received)				Unrealized Appreciation/ (Depreciation)			Asset				Liability
BPS		Receive		ERAUSST Index				4,861		1.709% (1-Month USD-LIBOR plus a specified spread)			Monthly			07/13/2022			$	25,583		$		0		$		(1,577)	$		0			$	(1,577)
		Receive		ERAEMLT Index				31,606		2.623% (1-Month USD-LIBOR plus a specified spread)			Monthly			09/14/2022				104,873				0				(3,590)			0				(3,590)
		Receive		NDDUEAFE Index				585		1.360% (1-Month USD-LIBOR less a specified spread)			Monthly			10/12/2022				3,621				0				(2)			0				(2)
		Receive		RADMFXNT Index				2,384		1.460% (1-Month USD-LIBOR less a specified spread)			Monthly			10/12/2022				3,295				0				(2)			0				(2)
		Receive		RADMFXNT Index				23,336		1.840% (1-Month USD-LIBOR plus a specified spread)			Monthly			10/12/2022				30,874				0				(71)			0				(71)
		Receive		ERADXULT Index				28,362		1.950% (1-Month USD-LIBOR plus a specified spread)			Monthly			11/16/2022				54,511				0				(56)			0				(56)
		Receive		RADMFXNT Index				99,112		1.570% (1-Month USD-LIBOR less a specified spread)			Monthly			02/08/2023				136,980				0				(114)			0				(114)
		Receive		RU20INTR Index				3,810		1.630% (1-Month USD-LIBOR plus a specified spread)			Monthly			02/08/2023				33,907				0				(30)			0				(30)
		Receive		ERADXULT Index				29,870		2.170% (1-Month USD-LIBOR plus a specified spread)			Monthly			03/15/2023				57,409				0				(79)			0				(79)
		Receive		RADMFXNT Index				34,381		1.655% (1-Month USD-LIBOR plus a specified spread)			Monthly			04/05/2023				47,517				0				(43)			0				(43)
		Receive		RADMFXNT Index				33,806		1.640% (1-Month USD-LIBOR plus a specified spread)			Monthly			05/24/2023				46,722				0				(38)			0				(38)
CBK		Receive		NDDUEAFE Index				1,861		1.458% (1-Month USD-LIBOR less a specified spread)			Monthly			07/20/2022				11,587				0				(75)			0				(75)
		Receive		NDDUEAFE Index				15,578		1.463% (1-Month USD-LIBOR less a specified spread)			Monthly			08/03/2022				96,994				0				(629)			0				(629)

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

FAR	Receive	RU20INTR Index	2,760	1.032% (3-Month USD-LIBOR plus a specified spread)	Quarterly	09/21/2022	24,563	0	(75)	0	(75)
	Receive	RU20INTR Index	6,860	1.376% (3-Month USD-LIBOR plus a specified spread)	Quarterly	10/05/2022	66,421	0	(5,520)	0	(5,520)
	Receive	ERAUSST Index	10,127	1.730% (1-Month USD-LIBOR plus a specified spread)	Monthly	05/10/2023	50,049	0	(51)	0	(51)
JPM	Receive	ERAUSST Index	27,223	1.693% (1-Month USD-LIBOR plus a specified spread)	Monthly	07/20/2022	144,475	0	(10,030)	0	(10,030)
	Receive	RADMFXNT Index	24,996	1.270% (1-Month USD-LIBOR plus a specified spread)	Monthly	08/03/2022	34,546	0	(39)	0	(39)
	Receive	RADMFENT Index	44,549	2.030% (1-Month USD-LIBOR plus a specified spread)	Monthly	08/10/2022	58,938	0	(73)	0	(73)
	Receive	RADMFXNT Index	97,828	1.310% (1-Month USD-LIBOR plus a specified spread)	Monthly	09/21/2022	135,205	0	(167)	0	(167)
	Receive	RADMFXNT Index	62,668	1.560% (1-Month USD-LIBOR plus a specified spread)	Monthly	09/21/2022	82,910	0	(115)	0	(115)
	Receive	ERAUSST Index	3,843	1.320% (1-Month USD-LIBOR plus a specified spread)	Monthly	10/05/2022	18,993	0	(23)	0	(23)
	Receive	ERAEMLT Index	19,104	2.520% (1-Month USD-LIBOR plus a specified spread)	Monthly	10/12/2022	61,281	0	(104)	0	(104)
	Receive	RADMFXNT Index	20,545	1.920% (1-Month USD-LIBOR plus a specified spread)	Monthly	10/12/2022	27,181	0	(31)	0	(31)
	Receive	ERADXULT Index	3,092	2.230% (1-Month USD-LIBOR plus a specified spread)	Monthly	11/02/2022	5,943	0	(8)	0	(8)
	Receive	ERAEMLT Index	70,799	2.560% (1-Month USD-LIBOR plus a specified spread)	Monthly	11/09/2022	227,105	0	(395)	0	(395)
	Receive	RADMFXNT Index	17,023	1.890% (1-Month USD-LIBOR plus a specified spread)	Monthly	11/09/2022	22,521	0	(25)	0	(25)
	Receive	RADMFXNT Index	83,729	2.100% (1-Month USD-LIBOR plus a specified spread)	Monthly	01/11/2023	110,773	0	(144)	0	(144)
	Receive	ERADXULT Index	107,850	2.090% (1-Month USD-LIBOR plus a specified spread)	Monthly	02/08/2023	207,283	0	(269)	0	(269)
	Receive	ERADXULT Index	132,330	2.120% (1-Month USD-LIBOR plus a specified spread)	Monthly	02/15/2023	254,333	0	(337)	0	(337)
	Receive	ERAEMLT Index	50,463	2.530% (1-Month USD-LIBOR plus a specified spread)	Monthly	02/15/2023	161,872	0	(277)	0	(277)
	Receive	ERADXULT Index	57,218	2.080% (1-Month USD-LIBOR plus a specified spread)	Monthly	03/15/2023	109,971	0	(82)	0	(82)
	Receive	ERAEMLT Index	90,740	2.570% (1-Month USD-LIBOR plus a specified spread)	Monthly	05/10/2023	291,070	0	(508)	0	(508)
	Receive	ERAUSST Index	16,714	1.730% (1-Month USD-LIBOR plus a specified spread)	Monthly	05/10/2023	82,604	0	(58)	0	(58)

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

		Receive	RADMFENT Index	23,460	1.960% (1-Month USD-LIBOR plus a specified spread)	Monthly	05/24/2023	31,038		0		(36)		0		(36)
MBC		Receive	NDUEEGF Index	46,935	1.300% (1-Month USD-LIBOR less a specified spread)	Monthly	02/08/2023	23,517		0		(19)		0		(19)
		Receive	NDDUEAFE Index	2,744	1.590% (1-Month USD-LIBOR plus a specified spread)	Monthly	04/05/2023	16,984		0		(14)		0		(14)
		Receive	NDUEEGF Index	53,221	1.510% (1-Month USD-LIBOR less a specified spread)	Monthly	04/05/2023	26,666		0		(26)		0		(26)
MEI		Receive	ERAEMLT Index	20,428	2.050% (1-Month USD-LIBOR plus a specified spread)	Monthly	07/06/2022	73,422		0		(8,015)		0		(8,015)
		Receive	NDDUEAFE Index	1,851	1.390% (1-Month USD-LIBOR less a specified spread)	Monthly	08/17/2022	11,457		0		(8)		0		(8)
		Receive	NDDUEAFE Index	3,783	1.463% (1-Month USD-LIBOR less a specified spread)	Monthly	08/24/2022	23,554		0		(153)		0		(153)
		Receive	ERADXULT Index	109,645	1.550% (1-Month USD-LIBOR plus a specified spread)	Monthly	09/14/2022	210,733		0		(317)		0		(317)
		Receive	NDDUEAFE Index	23,257	1.458% (1-Month USD-LIBOR less a specified spread)	Monthly	09/21/2022	144,806		0		(940)		0		(940)
		Receive	ERAEMLT Index	9,890	2.580% (1-Month USD-LIBOR plus a specified spread)	Monthly	01/11/2023	31,725		0		(56)		0		(56)
		Receive	ERAEMLT Index	13,180	2.450% (1-Month USD-LIBOR plus a specified spread)	Monthly	03/29/2023	42,278		0		(62)		0		(62)
MYI		Receive	NDDUEAFE Index	32,337	1.550% (1-Month USD-LIBOR less a specified spread)	Monthly	05/17/2023	200,148		0		(163)		0		(163)
		Receive	NDDUEAFE Index	9,550	1.580% (1-Month USD-LIBOR plus a specified spread)	Monthly	05/24/2023	59,109		0		(44)		0		(44)
SOG		Receive	ERAUSST Index	11,355	1.510% (1-Month USD-LIBOR less a specified spread)	Monthly	08/24/2022	56,118		0		(46)		0		(46)
UAG		Receive	NDDUEAFE Index	6,763	1.055% (1-Month USD-LIBOR less a specified spread)	Monthly	07/13/2022	41,859		0		(56)		0		(56)
		Receive	NDDUEAFE Index	8,715	1.660% (1-Month USD-LIBOR plus a specified spread)	Monthly	07/13/2022	53,941		0		(49)		0		(49)
		Receive	ERAUSST Index	9,480	1.713% (1-Month USD-LIBOR plus a specified spread)	Monthly	09/01/2022	50,311		0		(3,493)		0		(3,493)
		Receive	RU20INTR Index	3,209	1.730% (1-Month USD-LIBOR plus a specified spread)	Monthly	02/01/2023	28,559		0		(27)		0		(27)
									$	0	$	(38,161)	$	0	$	(38,161)
Total Swap Agreements									$	370	$	(38,388)	$	143	$	(38,161)
(o)	Securities with an aggregate market value of $331,202 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 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.

Schedule of Investments PIMCO All Asset: Multi-RAE PLUS Fund(Cont.) June 30, 2022 (Unaudited)

(3)		Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate 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 June 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory			Level 1		Level 2		Level 3		Fair Value at 06/30/2022
Investments in Securities, at Value
Corporate Bonds & Notes
	Banking & Finance		$	0	$	227,686	$	0	$	227,686
	Industrials			0		97,567		0		97,567
	Utilities			0		14,995		0		14,995
Municipal Bonds & Notes
	California			0		2,246		0		2,246
	Illinois			0		489		0		489
	Nebraska			0		24		0		24
	New Jersey			0		423		0		423
	Ohio			0		67		0		67
	Pennsylvania			0		6		0		6
	Washington			0		811		0		811
U.S. Government Agencies				0		10,219		0		10,219
U.S. Treasury Obligations				0		127,837		0		127,837
Non-Agency Mortgage-Backed Securities				0		347,476		0		347,476
Asset-Backed Securities				0		1,153,539		26,559		1,180,098
Sovereign Issues				0		4,573		0		4,573
Preferred Securities
	Banking & Finance			0		5,341		0		5,341
	Real Estate			673		0		0		673
Short-Term Instruments
	Commercial Paper			0		19,936		0		19,936
	Repurchase Agreements			0		1,623,300		0		1,623,300
	Short-Term Notes			0		101,586		0		101,586
	Israel Treasury Bills			0		34,297		0		34,297
	U.S. Treasury Bills			0		722,935		0		722,935
	U.S. Treasury Cash Management Bills			0		397,797		0		397,797
			$	673	$	4,893,150	$	26,559	$	4,920,382
Investments in Affiliates, at Value
Short-Term Instruments
	Central Funds Used for Cash Management Purposes		$	56,281	$	0	$	0	$	56,281
Total Investments			$	56,954	$	4,893,150	$	26,559	$	4,976,663
Short Sales, at Value - Liabilities
U.S. Government Agencies			$	0	$	(208,850)	$	0	$	(208,850)
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared				0		8,537		0		8,537
Over the counter				0		24,421		0		24,421
			$	0	$	32,958	$	0	$	32,958
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared				(1,065)		(7,967)		0		(9,032)
Over the counter				0		(50,798)		0		(50,798)
			$	(1,065)	$	(58,765)	$	0	$	(59,830)
Total Financial Derivative Instruments			$	(1,065)	$	(25,807)	$	0	$	(26,872)
Totals			$	55,889	$	4,658,493	$	26,559	$	4,740,941
There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund June 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 224.4% ¤
CORPORATE BONDS & NOTES 5.4%
BANKING & FINANCE 5.4%
Ally Financial, Inc. 8.000% due 11/01/2031	$	176	$	196
American Tower Corp. 3.000% due 06/15/2023		39		39
Avolon Holdings Funding Ltd.
2.528% due 11/18/2027		46		38
3.950% due 07/01/2024		157		150
Credit Suisse Group Funding Guernsey Ltd. 3.800% due 09/15/2022		333		333
Crown Castle International Corp. 3.150% due 07/15/2023		666		659
Ford Motor Credit Co. LLC 3.550% due 10/07/2022		254		253
HSBC Holdings PLC 6.000% due 03/29/2040	GBP	274		318
Jyske Realkredit AS
0.500% due 10/01/2043	DKK	8,866		1,012
1.000% due 10/01/2050		34,407		3,813
1.000% due 10/01/2053		24,981		2,579
1.500% due 10/01/2053		26,608		3,020
2.000% due 10/01/2053		3,991		476
Natwest Group PLC
3.747% (US0003M + 1.550%) due 06/25/2024 ~	$	769		770
4.519% due 06/25/2024 •		488		487
Nissan Motor Acceptance Co. LLC
2.600% due 09/28/2022		39		39
3.450% due 03/15/2023		20		20
Nordea Kredit Realkreditaktieselskab
0.500% due 10/01/2043	DKK	3,661		420
1.000% due 10/01/2050		45,208		5,020
1.500% due 10/01/2053		54,844		6,133
Nykredit Realkredit AS
0.500% due 10/01/2043		47,274		5,379
1.000% due 10/01/2050		115,035		12,738
1.000% due 10/01/2053		25,727		2,808
1.500% due 10/01/2053		329,518		37,288
2.000% due 10/01/2053		28,773		3,325
Realkredit Danmark AS
1.000% due 10/01/2050		25,962		2,873
1.000% due 10/01/2053		63,021		6,544
1.500% due 10/01/2053		105,099		11,955
2.000% due 10/01/2053		8,392		965
2.500% due 04/01/2047		2		0
3.000% due 10/01/2053		10,600		1,396
UniCredit SpA 7.830% due 12/04/2023	$	910		943
				111,989
INDUSTRIALS 0.0%
Bristol-Myers Squibb Co. 3.250% due 08/15/2022		22		22
Discovery Communications LLC 2.950% due 03/20/2023		10		10
Energy Transfer LP 3.600% due 02/01/2023		20		20
Enterprise Products Operating LLC 3.350% due 03/15/2023		39		39
Komatsu Finance America, Inc. 2.437% due 09/11/2022		220		220
RELX Capital, Inc. 3.500% due 03/16/2023		20		20
TransCanada PipeLines Ltd. 3.750% due 10/16/2023		11		11
U.S. Airways Pass-Through Trust 7.125% due 04/22/2025		34		34

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

VMware, Inc. 3.900% due 08/21/2027	39	37
		413
UTILITIES 0.0%
Duke Energy Corp. 2.400% due 08/15/2022	20	20
Verizon Communications, Inc.
2.355% due 03/15/2032	46	38
4.016% due 12/03/2029	285	277
		335
Total Corporate Bonds & Notes (Cost $153,689)		112,737
U.S. GOVERNMENT AGENCIES 3.9%
Fannie Mae
1.524% due 09/01/2044 - 10/01/2044 •	2	2
2.054% due 10/25/2036 •	2	2
2.074% due 08/25/2037 •	57	57
2.125% due 04/24/2026 (m)	705	681
2.352% due 05/01/2038 •	290	299
Freddie Mac
1.704% due 07/15/2036 •	21	21
1.756% due 09/01/2036 •	3	3
1.774% due 05/15/2032 - 09/15/2042 •	163	162
1.924% (US0001M + 0.600%) due 12/15/2037 ~	26	26
1.927% due 10/01/2036 •	4	4
1.944% due 10/15/2037 •	37	37
2.294% due 07/01/2036 •	8	8
Ginnie Mae
0.218% due 10/16/2053 ~(a)	134	0
0.382% due 08/20/2068 •	692	675
1.362% (US0001M + 0.300%) due 10/20/2043 ~	329	326
1.995% (US0001M + 0.400%) due 02/20/2049 ~	468	466
U.S. Small Business Administration
4.840% due 05/01/2025	3	3
4.990% due 09/01/2024	3	3
5.160% due 02/01/2028	3	3
5.310% due 05/01/2027	4	4
5.510% due 11/01/2027	2	2
5.820% due 06/01/2026	3	3
5.870% due 07/01/2028	2	2
6.770% due 11/01/2028	4	4
Uniform Mortgage-Backed Security
3.500% due 02/01/2045 - 05/01/2052	405	391
4.000% due 09/01/2048 - 04/01/2050	112	111
Uniform Mortgage-Backed Security, TBA
2.500% due 08/01/2052	1,500	1,348
3.000% due 07/01/2052 - 08/01/2052	14,300	13,308
3.500% due 07/01/2052 - 08/01/2052	4,800	4,612
4.000% due 07/01/2052	59,500	58,690
Total U.S. Government Agencies (Cost $82,077)		81,253
U.S. TREASURY OBLIGATIONS 117.2%
U.S. Treasury Inflation Protected Securities (f)
0.125% due 01/15/2023 (m)	44,786	45,544
0.125% due 07/15/2024	38,158	38,531
0.125% due 10/15/2024 (i)	82,132	82,654
0.125% due 04/15/2025	92,322	92,393
0.125% due 10/15/2025	113,630	113,579
0.125% due 04/15/2026 (i)	71,721	71,076
0.125% due 07/15/2026 (i)	39,127	38,825
0.125% due 10/15/2026 (i)	116,465	115,453
0.125% due 04/15/2027	24,263	23,900
0.125% due 01/15/2030	93,755	89,556
0.125% due 07/15/2030	104,285	99,530
0.125% due 01/15/2031 (i)	62,993	59,966
0.125% due 07/15/2031 (i)	126,734	120,606
0.125% due 01/15/2032 (i)	94,683	89,958
0.125% due 02/15/2051 (i)(m)	9,781	7,550
0.125% due 02/15/2052 (m)	15,056	11,716
0.250% due 01/15/2025	65,535	65,949
0.250% due 07/15/2029 (i)(m)	21,471	20,833
0.250% due 02/15/2050 (i)(m)	16,527	13,076
0.375% due 07/15/2023 (i)(k)	44,478	45,265
0.375% due 07/15/2025 (k)	35,836	36,205
0.375% due 01/15/2027 (i)	56,361	56,176
0.375% due 07/15/2027 (i)	77,133	76,891
0.500% due 04/15/2024 (i)	44,222	44,842
0.500% due 01/15/2028	101,006	100,371
0.625% due 04/15/2023 (i)	140,311	142,717
0.625% due 01/15/2024	107,359	109,212
0.625% due 01/15/2026	33,765	34,155

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

0.625% due 02/15/2043		39,146	34,651
0.750% due 07/15/2028 (i)		157,531	158,750
0.750% due 02/15/2042 (m)		36,933	33,803
0.750% due 02/15/2045 (i)		74,633	66,954
0.875% due 01/15/2029		95,235	96,184
0.875% due 02/15/2047		24,196	22,402
1.000% due 02/15/2046 (i)		52,823	50,152
1.000% due 02/15/2048 (m)		14,652	14,015
1.000% due 02/15/2049 (i)(m)		4,552	4,390
1.375% due 02/15/2044 (i)		58,490	59,929
1.750% due 01/15/2028 (m)		5,894	6,260
2.000% due 01/15/2026 (k)(m)		4,143	4,390
2.125% due 02/15/2040 (m)		15,987	18,688
2.125% due 02/15/2041		19,123	22,251
3.375% due 04/15/2032 (m)		119	149
3.875% due 04/15/2029 (i)(m)		821	992
U.S. Treasury Notes
1.625% due 05/15/2026		3,123	2,961
2.000% due 02/15/2025 (k)		3,096	3,017
2.750% due 02/15/2024 (m)		4,890	4,874
Total U.S. Treasury Obligations (Cost $2,710,296)			2,451,341
NON-AGENCY MORTGAGE-BACKED SECURITIES 0.6%
Adjustable Rate Mortgage Trust 2.930% due 07/25/2035 ~		10	10
Alliance Bancorp Trust 2.104% (US0001M + 0.480%) due 07/25/2037 ~		1,567	1,360
AREIT Trust 3.508% due 04/15/2037 •		40	38
BAMLL Commercial Mortgage Securities Trust 2.374% due 09/15/2038 •		700	678
Banc of America Funding Trust 2.810% due 05/20/2036 ^~		26	25
Bear Stearns Adjustable Rate Mortgage Trust
2.282% due 01/25/2035 ~		10	10
3.025% due 01/25/2035 ~		7	6
3.333% due 02/25/2036 ^~		30	28
3.440% due 07/25/2036 ^~		13	12
Bear Stearns ALT-A Trust 4.307% due 07/25/2035 ^~		65	51
Chase Mortgage Finance Trust
2.624% due 02/25/2037 ~		10	10
2.894% due 12/25/2035 ^~		2	2
2.963% due 02/25/2037 ~		9	8
5.500% due 12/25/2022 ^		41	20
Citigroup Mortgage Loan Trust
2.360% due 03/25/2034 ~		7	7
2.480% (H15T1Y + 2.400%) due 11/25/2035 ~		3	3
Countrywide Alternative Loan Trust
5.500% due 04/25/2035		1,275	1,121
5.500% due 11/25/2035 ^		10	9
6.000% due 03/25/2037 ^		663	306
6.500% due 09/25/2037 ^		171	82
Countrywide Home Loan Mortgage Pass-Through Trust
2.892% due 11/20/2034 ~		24	23
2.973% due 08/20/2035 ^~		136	128
5.500% due 01/25/2035		20	20
6.000% due 04/25/2036		44	27
Countrywide Home Loan Reperforming REMIC Trust 1.964% (US0001M + 0.340%) due 06/25/2035 ~		6	6
Credit Suisse First Boston Mortgage-Backed Pass-Through Certificates 2.324% due 10/25/2035 ^•		46	25
Credit Suisse Mortgage Capital Certificates 5.907% due 10/26/2036 ~		3	2
Deutsche ALT-A Securities, Inc. Mortgage Loan Trust 1.246% due 04/25/2047 •		138	129
Eurosail PLC
2.540% due 06/13/2045 •	GBP	35	43
2.540% (BP0003M + 0.950%) due 06/13/2045 ~		104	126
First Horizon Alternative Mortgage Securities Trust
2.729% due 04/25/2035 ~	$	23	23
6.000% due 02/25/2037 ^		62	30
GCAT LLC 2.981% due 09/25/2025 þ		1,535	1,510
GSR Mortgage Loan Trust
2.867% due 01/25/2036 ^~		8	8
2.933% due 09/25/2035 ~		1	1
2.938% due 09/25/2035 ~		1	1
3.049% due 11/25/2035 ~		6	6
HarborView Mortgage Loan Trust
1.817% due 12/19/2036 •		869	764
1.872% due 03/19/2037 •		75	67
2.052% due 05/19/2035 •		46	43
2.232% (US0001M + 0.620%) due 11/19/2035 ~		57	47
2.292% due 06/20/2035 •		40	37

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

Hawksmoor Mortgages 1.703% due 05/25/2053 •	GBP	712	865
HomeBanc Mortgage Trust
2.164% due 10/25/2035 •	$	1	1
2.284% (US0001M + 0.660%) due 10/25/2035 ~		2	2
IndyMac INDA Mortgage Loan Trust 2.847% due 11/25/2035 ^~		15	12
IndyMac INDX Mortgage Loan Trust
2.044% (US0001M + 0.420%) due 07/25/2036 ~		91	86
2.184% due 07/25/2035 •		387	300
JP Morgan Alternative Loan Trust
2.024% due 06/25/2037 •		917	421
6.810% due 08/25/2036 ^þ		165	157
JP Morgan Mortgage Trust
2.904% due 07/25/2035 ~		3	3
MASTR Adjustable Rate Mortgages Trust 3.052% due 11/21/2034 ~		11	11
Mellon Residential Funding Corp. Mortgage Pass-Through Certificates 2.064% (US0001M + 0.740%) due 09/15/2030 ~		8	8
Mellon Residential Funding Corp. Mortgage Pass-Through Trust 1.804% due 06/15/2030 •		1	1
Merrill Lynch Mortgage Investors Trust
2.292% due 12/25/2034 ~		6	5
3.466% due 06/25/2035 ~		17	16
New Residential Mortgage Loan Trust 2.750% due 07/25/2059 ~		678	657
Residential Accredit Loans, Inc. Trust
6.000% due 09/25/2036		18	15
6.000% due 09/25/2036 ^		48	40
Residential Asset Securitization Trust
2.024% due 05/25/2035 •		153	107
5.750% due 03/25/2037 ^		50	20
6.500% due 09/25/2036 ^		883	386
Structured Adjustable Rate Mortgage Loan Trust
2.012% due 11/25/2034 •		64	59
3.014% due 03/25/2036 ^~		24	19
Structured Asset Mortgage Investments Trust
2.044% due 05/25/2036 •		7	5
2.275% (US0001M + 0.680%) due 05/19/2035 ~		4	4
Thornburg Mortgage Securities Trust 4.833% due 03/25/2037 ^•		222	194
Towd Point Mortgage Funding PLC 1.605% (SONIO/N + 1.144%) due 10/20/2051 ~	GBP	1,195	1,450
WaMu Mortgage Pass-Through Certificates Trust
2.364% due 11/25/2034 •	$	20	18
2.364% due 01/25/2045 •		28	27
2.421% due 10/25/2034 ~		3	3
2.424% (US0001M + 0.800%) due 01/25/2045 ~		23	22
2.808% due 01/25/2035 ~		4	4
3.050% due 08/25/2036 ^~		1	1
3.081% due 06/25/2034 ~		3	3
Washington Mutual Mortgage Pass-Through Certificates Trust 6.500% due 08/25/2035		11	9
Wells Fargo Mortgage-Backed Securities Trust 2.870% due 04/25/2036 ~		19	18
Total Non-Agency Mortgage-Backed Securities (Cost $12,764)			11,801
ASSET-BACKED SECURITIES 12.4%
522 Funding CLO Ltd. 2.103% due 10/20/2031 •		1,000	977
ACE Securities Corp. Home Equity Loan Trust
2.494% due 05/25/2035 •		92	91
2.524% due 12/25/2034 •		50	46
2.749% due 04/25/2035 •		2,000	1,742
3.424% due 06/25/2034 •		2	2
Adagio CLO DAC 0.720% due 10/15/2031 •	EUR	1,000	1,028
American Money Management Corp. CLO Ltd.
1.914% due 04/17/2029 •	$	4,156	4,103
2.352% (US0003M + 0.950%) due 11/10/2030 ~		800	787
Anchorage Capital CLO Ltd.
2.094% due 07/15/2030 •		3,400	3,361
2.276% due 07/22/2032 •		5,600	5,443
Apex Credit CLO Ltd. 3.086% due 09/20/2029 •		8,716	8,589
Apidos CLO
1.944% (US0003M + 0.900%) due 07/18/2029 ~		600	591
1.974% due 07/17/2030 •		1,000	986
Aqueduct European CLO DAC 0.640% (EUR003M + 0.640%) due 07/20/2030 ~	EUR	2,721	2,810
Ares CLO Ltd.
1.914% (US0003M + 0.870%) due 01/15/2029 ~	$	9,151	9,016
2.186% (US0003M + 1.050%) due 04/22/2031 ~		5,600	5,464
Argent Mortgage Loan Trust 2.104% due 05/25/2035 •		82	74

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

Armada Euro CLO DAC 0.720% due 07/15/2031 •	EUR	2,400	2,450
Asset-Backed Securities Corp. Home Equity Loan Trust 2.084% due 11/25/2036 •	$	701	680
Atrium Corp. 1.966% due 04/22/2027 •		299	295
Bain Capital Euro DAC 0.740% due 01/20/2032 •	EUR	2,000	2,034
Barings CLO Ltd. 2.133% (US0003M + 1.070%) due 01/20/2032 ~	$	1,600	1,565
Bear Stearns Asset-Backed Securities Trust
2.284% (US0001M + 0.660%) due 02/25/2036 ~		946	885
2.624% due 09/25/2046 •		34	31
Benefit Street Partners CLO Ltd.
2.074% (US0003M + 1.030%) due 01/17/2032 ~		2,000	1,948
2.124% due 07/15/2032 •		7,100	6,967
Birch Grove CLO Ltd. 2.959% due 06/15/2031 •		4,900	4,817
Blackrock European CLO DAC 0.620% (EUR003M + 0.620%) due 10/15/2031 ~	EUR	1,600	1,621
BlueMountain Fuji EUR CLO II DAC 0.650% due 07/15/2030 •		2,412	2,489
BlueMountain Fuji Eur CLO V DAC 0.910% due 01/15/2033 •		1,700	1,714
BNC Mortgage Loan Trust 1.944% due 11/25/2036 •	$	1,010	982
Cairn CLO DAC
0.600% due 04/30/2031 •	EUR	3,198	3,308
0.780% (EUR003M + 0.780%) due 10/15/2031 ~		2,300	2,349
Carlyle Euro CLO DAC 0.700% due 01/15/2031 •		3,100	3,174
Carlyle Global Market Strategies CLO Ltd. 2.361% due 08/14/2030 •	$	1,900	1,872
Carlyle U.S. CLO Ltd. 2.224% (US0003M + 1.180%) due 01/15/2030 ~		500	492
Carlyle U.S. CLO Ltd. 2.063% (US0003M + 1.000%) due 04/20/2031 ~		2,300	2,257
CIFC Funding Ltd. 2.044% due 04/18/2031 •		1,400	1,376
CIT Mortgage Loan Trust 2.974% due 10/25/2037 •		108	107
Citigroup Mortgage Loan Trust
1.894% (US0001M + 0.270%) due 05/25/2037 ~		2,400	2,195
2.329% due 03/25/2037 •		4,100	3,824
Citigroup Mortgage Loan Trust, Inc. 2.119% due 10/25/2036 •		254	245
Countrywide Asset-Backed Certificates 1.874% (US0001M + 0.250%) due 03/25/2037 ~		235	223
Countrywide Asset-Backed Certificates Trust
1.764% due 05/25/2035 •		367	357
1.764% due 07/25/2037 •		83	77
1.814% due 11/25/2037 •		3,054	2,833
1.824% (US0001M + 0.200%) due 09/25/2037 ~		21	18
2.104% due 05/25/2036 •		845	698
2.659% (US0001M + 1.035%) due 12/25/2035 ~		286	276
3.349% due 11/25/2034 •		2,920	2,773
5.805% due 04/25/2036 ^~		97	86
Countrywide Asset-Backed Certificates Trust, Inc.
2.404% due 11/25/2034 •		19	18
2.479% (US0001M + 0.855%) due 08/25/2034 ~		3	3
Crestline Denali CLO Ltd.
2.093% (US0003M + 1.030%) due 04/20/2030 ~		5,100	5,026
2.324% due 10/23/2031 •		3,200	3,130
CVC Cordatus Loan Fund DAC
0.630% (EUR003M + 0.630%) due 09/15/2031 ~	EUR	1,000	1,025
0.650% due 10/15/2031 •		1,000	1,023
0.780% (EUR003M + 0.780%) due 08/15/2032 ~		1,600	1,642
Dryden Euro CLO BV 0.660% due 04/15/2033 •		1,500	1,525
Dryden Euro CLO DAC 0.860% due 05/15/2034 •		1,900	1,926
Dryden Senior Loan Fund
2.024% due 04/15/2028 •	$	2,358	2,324
2.421% due 05/15/2031 •		500	492
Elevation CLO Ltd. 2.134% (US0003M + 0.950%) due 10/25/2030 ~		9,100	8,929
Euro-Galaxy CLO DAC 0.620% due 04/24/2034 •	EUR	300	306
First Franklin Mortgage Loan Trust
2.329% (US0001M + 0.705%) due 11/25/2036 ~	$	568	548
2.494% due 09/25/2035 •		715	707
Fremont Home Loan Trust
1.759% due 10/25/2036 •		118	107
1.764% due 01/25/2037 •		204	119
1.864% due 10/25/2036 •		692	329
2.464% due 03/25/2035 •		1,701	1,462

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

GoldenTree Loan Management U.S. CLO Ltd. 1.973% due 11/20/2030 •		2,000	1,957
GSAMP Trust
1.824% (US0001M + 0.200%) due 11/25/2036 ~		94	50
2.359% due 09/25/2035 ^•		7	7
2.599% due 03/25/2035 ^•		114	107
Halseypoint Clo Ltd. 2.163% due 07/20/2031 •		800	791
Harvest CLO DAC
0.640% due 10/15/2031 •	EUR	3,000	3,071
0.680% due 10/20/2031 •		1,800	1,841
Home Equity Mortgage Loan Asset-Backed Trust 1.844% (US0001M + 0.220%) due 04/25/2037 ~	$	102	81
HSI Asset Securitization Corp. Trust 2.164% due 02/25/2036 •		77	76
ICG U.S. CLO Ltd. 2.216% due 07/22/2031 •		800	786
IndyMac Home Equity Mortgage Loan Asset-Backed Trust 2.674% due 11/25/2034 •		22	21
IndyMac INDB Mortgage Loan Trust 1.764% due 07/25/2036 •		913	307
Jubilee CLO DAC
0.600% due 04/15/2030 •	EUR	2,800	2,893
0.610% (EUR003M + 0.610%) due 04/15/2030 ~		3,300	3,416
0.650% (EUR003M + 0.650%) due 04/15/2031 ~		800	823
KKR CLO Ltd.
1.994% due 07/15/2030 •	$	1,000	983
2.224% (US0003M + 1.180%) due 01/15/2031 ~		1,600	1,578
LCM LP 2.063% due 07/20/2030 •		1,900	1,870
Lehman ABS Manufactured Housing Contract Trust 7.170% due 04/15/2040 ^~		846	582
Lehman XS Trust 4.157% due 06/25/2036 þ		237	238
LoanCore Issuer Ltd.
2.454% due 05/15/2036 •		33	33
2.624% due 07/15/2036 •		900	871
Long Beach Mortgage Loan Trust 1.864% due 08/25/2036 •		77	36
Man GLG Euro CLO DAC 0.680% due 10/15/2030 •	EUR	1,992	2,045
Marathon CLO Ltd. 2.194% due 04/15/2029 •	$	2,200	2,172
Massachusetts Educational Financing Authority 2.134% due 04/25/2038 •		55	55
MASTR Asset-Backed Securities Trust 1.964% due 06/25/2036 •		239	214
Merrill Lynch Mortgage Investors Trust
2.044% (US0001M + 0.420%) due 02/25/2037 ~		1,415	486
2.344% (US0001M + 0.720%) due 10/25/2035 ~		1,223	1,133
2.344% (US0001M + 0.720%) due 05/25/2036 ~		10	10
MidOcean Credit CLO
2.269% due 01/29/2030 •		1,411	1,393
2.528% due 02/20/2031 •		300	295
Morgan Stanley ABS Capital, Inc. Trust
1.754% (US0001M + 0.130%) due 10/25/2036 ~		600	542
2.524% (US0001M + 0.900%) due 05/25/2034 ~		1,710	1,607
2.659% due 07/25/2035 •		673	660
Mountain View CLO LLC 2.084% (US0003M + 1.040%) due 01/16/2031 ~		7,000	6,867
Mountain View CLO Ltd. 1.841% (US0003M + 0.820%) due 10/13/2027 ~		113	113
MP CLO Ltd. 1.934% due 10/18/2028 •		5,098	5,002
North Carolina State Education Assistance Authority 2.424% due 07/25/2039 •		356	353
NovaStar Mortgage Funding Trust 2.329% due 01/25/2036 •		166	165
Octagon Investment Partners Ltd. 2.411% due 02/14/2031 •		1,000	977
Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates 2.384% (US0001M + 0.760%) due 12/25/2035 ~		493	477
Option One Mortgage Loan Trust
1.764% due 01/25/2037 •		226	157
1.764% (US0001M + 0.140%) due 03/25/2037 ~		188	133
1.864% due 04/25/2037 •		2,971	1,532
Ownit Mortgage Loan Trust 1.904% (US0001M + 0.280%) due 09/25/2037 ~		5,024	4,411
OZLM Ltd.
2.163% due 10/20/2031 •		300	294
2.441% due 05/16/2030 •		600	590
Palmer Square CLO Ltd. 2.044% due 10/17/2031 •		500	489
Palmer Square Loan Funding Ltd. 1.863% (US0003M + 0.800%) due 07/20/2029 ~		1,833	1,810

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

Renaissance Home Equity Loan Trust
2.484% due 06/25/2033 •		1,718	1,579
2.724% (US0001M + 1.100%) due 09/25/2037 ~		790	393
5.294% due 01/25/2037 þ		7,286	2,828
Residential Asset Securities Corp. Trust
1.904% due 09/25/2036 •		2,185	2,117
2.104% (US0001M + 0.240%) due 08/25/2036 ~		361	325
Romark CLO Ltd. 2.214% (US0003M + 1.030%) due 10/23/2030 ~		900	884
Saranac CLO Ltd. 2.584% due 08/13/2031 •		3,900	3,820
Saxon Asset Securities Trust 1.934% due 09/25/2037 •		78	75
Sculptor CLO Ltd. 2.314% (US0003M + 1.270%) due 01/15/2031 ~		3,400	3,327
Securitized Asset-Backed Receivables LLC Trust
2.124% due 05/25/2036 •		948	557
2.299% due 10/25/2035 •		3,105	3,027
SLM Student Loan Trust 2.684% due 04/25/2023 •		192	192
Sound Point CLO Ltd.
2.113% due 10/20/2028 •		2,105	2,080
2.164% due 07/25/2030 •		1,300	1,279
2.174% due 01/23/2029 •		2,519	2,489
Soundview Home Loan Trust
1.824% due 06/25/2037 •		783	579
2.574% due 10/25/2037 •		106	85
Specialty Underwriting & Residential Finance Trust
1.824% due 04/25/2037 •		3,296	2,451
1.944% due 09/25/2037 •		11,793	7,232
Structured Asset Securities Corp. Mortgage Loan Trust
2.194% due 10/25/2036 •		222	218
2.562% due 04/25/2035 •		7	6
TCI-Symphony CLO Ltd. 2.041% due 10/13/2032 •		7,200	7,026
TCW CLO Ltd. 2.154% (US0003M + 0.970%) due 04/25/2031 ~		5,200	5,089
TICP CLO Ltd. 1.903% (US0003M + 0.840%) due 04/20/2028 ~		2,042	2,020
Tikehau CLO BV 0.870% due 08/04/2034 •	EUR	1,500	1,532
Venture CLO Ltd.
1.924% due 04/15/2027 •	$	758	750
1.924% due 07/15/2027 •		42	42
1.963% due 10/20/2028 •		609	602
2.053% due 07/20/2030 •		5,800	5,707
2.113% due 07/20/2030 •		3,500	3,458
2.163% (US0003M + 1.100%) due 01/20/2029 ~		2,892	2,864
2.401% due 09/07/2030 •		800	789
Vibrant CLO Ltd. 2.103% due 09/15/2030 •		1,900	1,864
Voya CLO Ltd. 2.044% (US0003M + 1.000%) due 10/15/2030 ~		1,000	983
Wellfleet CLO Ltd. 1.953% due 07/20/2029 •		1,291	1,278
Wells Fargo Home Equity Asset-Backed Securities Trust 4.024% (US0001M + 2.400%) due 12/25/2034 ~		137	137
Wind River CLO Ltd. 2.094% due 07/18/2031 •		797	781
Total Asset-Backed Securities (Cost $273,640)			259,634
SOVEREIGN ISSUES 4.9%
Australia Government International Bond 3.000% due 09/20/2025	AUD	2,054	1,553
Canada Government Real Return Bond 4.250% due 12/01/2026 (f)	CAD	1,136	1,018
Denmark Government International Bond 0.100% due 11/15/2023 (f)	DKK	3,979	586
France Government International Bond
0.100% due 07/25/2031 (f)	EUR	4,810	5,267
0.250% due 07/25/2024 (f)		10,239	11,485
2.100% due 07/25/2023 (f)		569	638
Italy Buoni Poliennali Del Tesoro
0.100% due 05/15/2033 (f)		4,791	4,351
0.400% due 05/15/2030 (f)		12,415	12,403
1.400% due 05/26/2025 (f)		32,361	35,349
Japan Government International Bond
0.005% due 03/10/2031 (f)	JPY	51,173	399
0.100% due 03/10/2028 (f)		602,846	4,670
0.100% due 03/10/2029 (f)		1,924,531	14,936
Mexico Government International Bond 4.500% due 11/22/2035	MXN	1,472	77
New Zealand Government International Bond
2.000% due 09/20/2025	NZD	408	261
3.000% due 09/20/2030		2,992	2,017

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

Peru Government International Bond 5.940% due 02/12/2029	PEN	659	157
Qatar Government International Bond 3.875% due 04/23/2023	$	352	354
Saudi Government International Bond 4.000% due 04/17/2025		601	606
United Kingdom Gilt 1.250% due 11/22/2027 (f)	GBP	4,477	6,358
Total Sovereign Issues (Cost $117,542)			102,485
		SHARES
COMMON STOCKS 0.9%
CONSUMER DISCRETIONARY 0.4%
Hilton Worldwide Holdings, Inc.		34,800	3,878
Marriott International, Inc. 'A'		33,800	4,597
			8,475
REAL ESTATE 0.5%
CBRE Group, Inc. 'A'(c)		51,757	3,810
Howard Hughes Corp.(c)		87,434	5,950
			9,760
Total Common Stocks (Cost $23,375)			18,235
PREFERRED SECURITIES 0.0%
BANKING & FINANCE 0.0%
Bank of America Corp. 5.875% due 03/15/2028 •(g)		223,000	196
Total Preferred Securities (Cost $239)			196
REAL ESTATE INVESTMENT TRUSTS 24.1%
REAL ESTATE 24.1%
Agree Realty Corp.		77,276	5,574
Alexandria Real Estate Equities, Inc.		141,052	20,457
American Assets Trust, Inc.		141,438	4,201
American Homes 4 Rent 'A'		279,279	9,898
American Tower Corp.		21,483	5,491
Apartment Income REIT Corp.		103,777	4,317
AvalonBay Communities, Inc.		65,629	12,748
Boston Properties, Inc.		71,237	6,339
Camden Property Trust		61,790	8,309
Crown Castle International Corp.		56,264	9,474
CubeSmart		223,808	9,561
Digital Realty Trust, Inc.		102,164	13,264
Duke Realty Corp.		306,738	16,855
Equinix, Inc.		7,545	4,957
Equity LifeStyle Properties, Inc.		208,952	14,725
Equity Residential		166,304	12,010
Essex Property Trust, Inc.		66,232	17,320
Extra Space Storage, Inc.		51,457	8,754
First Industrial Realty Trust, Inc.		177,496	8,427
Gaming & Leisure Properties, Inc.		182,506	8,370
Healthpeak Properties, Inc.		678,993	17,593
Host Hotels & Resorts, Inc.		675,901	10,598
Hudson Pacific Properties, Inc.		121,524	1,803
InvenTrust Properties Corp.		231,200	5,963
Invitation Homes, Inc.		696,837	24,793
Kilroy Realty Corp.		163,021	8,531
Life Storage, Inc.		121,450	13,561
Medical Properties Trust, Inc.		232,715	3,554
Mid-America Apartment Communities, Inc.		65,098	11,371
Paramount Group, Inc.		445,500	3,221
Prologis, Inc.		189,794	22,329
Public Storage		73,518	22,987
Regency Centers Corp.		68,138	4,041
Retail Opportunity Investments Corp.		423,229	6,679
Rexford Industrial Realty, Inc.		86,712	4,994
RLJ Lodging Trust		1,055,654	11,644
Ryman Hospitality Properties, Inc.		140,700	10,697
Safehold, Inc.		61,578	2,178
SBA Communications Corp.		31,197	9,985
Simon Property Group, Inc.		73,594	6,985
SITE Centers Corp.		609,695	8,213
Sun Communities, Inc.		52,471	8,362
Sunstone Hotel Investors, Inc.		823,690	8,171

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

Terreno Realty Corp.		57,476		3,203
UDR, Inc.		244,879		11,274
Ventas, Inc.		260,682		13,407
VICI Properties, Inc.		1,004,395		29,921
Welltower, Inc.		55,577		4,577
WP Carey, Inc.		160,188		13,273
Total Real Estate Investment Trusts (Cost $497,803)				504,959
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 55.0%
REPURCHASE AGREEMENTS (h) 39.0%				816,500
U.S. TREASURY BILLS 10.9%
0.863% due 07/14/2022 - 09/22/2022 (d)(e)(i)(m)	$	227,684		227,515
U.S. TREASURY CASH MANAGEMENT BILLS 5.1%
1.825% due 09/06/2022 - 11/01/2022 (b)(d)(e)		107,200		106,615
Total Short-Term Instruments (Cost $1,150,681)				1,150,630
Total Investments in Securities (Cost $5,022,106)				4,693,271
		SHARES
INVESTMENTS IN AFFILIATES 0.5%
SHORT-TERM INSTRUMENTS 0.5%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.5%
PIMCO Short-Term Floating NAV Portfolio III		1,001,334		9,717
Total Short-Term Instruments (Cost $9,717)				9,717
Total Investments in Affiliates (Cost $9,717)				9,717
Total Investments 224.9% (Cost $5,031,823)			$	4,702,988
Financial Derivative Instruments(j)(l)(2.4)%(Cost or Premiums, net $(3,608))				(50,978)
Other Assets and Liabilities, net (122.5)%				(2,560,675)
Net Assets 100.0%			$	2,091,335

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

NOTES TO CONSOLIDATED 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.
~	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)	Security is an Interest Only ("IO") or IO Strip.
(b)	When-issued security.
(c)	Security did not produce income within the last twelve months.
(d)	Coupon represents a weighted average yield to maturity.
(e)	Zero coupon security.
(f)	Principal amount of security is adjusted for inflation.
(g)	Perpetual maturity; date shown, if applicable, represents next contractual call date.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(h)	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)
BOS		1.540%	06/30/2022	07/01/2022	$		377,100	U.S. Treasury Bonds 3.000% due 11/15/2044 - 02/15/2048				$		(389,179)	$		377,100			$		377,116
BRC		1.470	07/01/2022	07/05/2022			361,800	Fannie Mae 3.000% due 02/01/2050						(169,706)			361,800					361,800
								Ginnie Mae 2.500% due 04/20/2050						(203,338)
		1.530	07/01/2022	07/05/2022			25,300	U.S. Treasury Bonds 2.375% due 02/15/2042						(25,835)			25,300					25,300
SGY		1.480	06/30/2022	07/01/2022			52,300	U.S. Treasury Notes 0.375% due 09/15/2024						(53,386)			52,300					52,302
Total Repurchase Agreements												$		(841,444)	$		816,500			$		816,518
REVERSE REPURCHASE AGREEMENTS:
Counterparty						Borrowing Rate(2)			Settlement Date	Maturity Date				Amount Borrowed(2)					Payable for Reverse Repurchase Agreements
BOS						1.510%			06/22/2022	07/06/2022				(778,560)				$	(778,854)
						1.520			06/24/2022	07/01/2022				(33,693)					(33,703)
						1.530			06/21/2022	07/05/2022				(634)					(634)
						1.580			06/28/2022	07/05/2022				(9,032)					(9,033)
GRE						1.530			06/27/2022	07/05/2022				(4,088)					(4,089)
						1.560			06/29/2022	07/06/2022				(987)					(987)
Total Reverse Repurchase Agreements																		$	(827,300)
SALE-BUYBACK TRANSACTIONS:
Counterparty						Borrowing Rate(2)			Borrowing Date	Maturity Date				Amount Borrowed(2)					Payable for Sale-Buyback Transactions(3)
BCY						1.520%			06/29/2022	07/06/2022	$			(104,963)				$	(104,972)
CSN						1.590			06/28/2022	07/05/2022				(732,602)					(732,699)
						1.590			06/29/2022	07/06/2022				(401,827)					(401,863)
						1.600			06/28/2022	07/05/2022				(10,613)					(10,614)
Total Sale-Buyback Transactions																		$	(1,250,148)
(i)	Securities with an aggregate market value of $2,072,355 have been pledged as collateral under the terms of master agreements as of June 30, 2022.
(1)	Includes accrued interest.
(2)	The average amount of borrowings outstanding during the period ended June 30, 2022 was $(2,113,717) at a weighted average interest rate of 0.740%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.
(3)	Payable for sale-buyback transactions includes $(242) of deferred price drop.

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

(j)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
FUTURES CONTRACTS:
LONG FUTURES CONTRACTS
																																				Variation Margin
Description										Expiration Month				# of Contracts						Notional Amount										Unrealized Appreciation/ (Depreciation)								Asset											Liability
3-Month Euribor March Futures										03/2023				799			$			206,157						$				(3,743)						$		628							$				0
California Carbon Allowance Vintage December Futures										12/2022				714						22,341										118								1,100											0
Call Options Strike @ EUR 120.000 on Euro-Schatz Bond September 2022 Futures										08/2022				1,970						10										(2)								0											0
Call Options Strike @ EUR 137.000 on Euro-Bobl Bond September 2022 Futures										08/2022				27						1										1								0											0
Call Options Strike @ EUR 150.000 on Euro-Bobl Bond September 2022 Futures										08/2022				920						5										(1)								0											0
Call Options Strike @ EUR 170.000 on Euro-OAT France Government 10-Year Bond September 2022 Futures										08/2022				71						1										0								0											0
Euro-Bund 10-Year Bond September Futures										09/2022				595						92,769										1,755								2,245											0
Put Options Strike @ EUR 114.000 on Euro-Bund 10-Year Bond September 2022 Futures										08/2022				302						9										6								0											(16)
Put Options Strike @ EUR 88.000 on Euro-Bund 10-Year Bond September 2022 Futures										08/2022				293						3										0								0											0
U.S. Treasury 5-Year Note September Futures										09/2022				178						19,981										69								125											0
U.S. Treasury 30-Year Bond September Futures										09/2022				296						41,033										362								499											0
United Kingdom Long Gilt September Futures										09/2022				47						6,521										(234)								105											0
WTI Crude December Futures										11/2022				340						32,490										10,317								0											(1,265)
																									$				8,648						$		4,702							$				(1,281)
SHORT FUTURES CONTRACTS
																																				Variation Margin
Description										Expiration Month				# of Contracts						Notional Amount										Unrealized Appreciation/ (Depreciation)								Asset											Liability
Brent Crude December Futures										10/2022				340			$			(34,197)						$				(10,752)						$		1,285							$				0
Euro-Bobl September Futures										09/2022				481						(62,600)										32								0											(1,003)
Euro-BTP Italy Government Bond September Futures										09/2022				889						(112,763)										(3,799)								0											(2,439)
Euro-Buxl 30-Year Bond September Futures										09/2022				330						(56,563)										2,437								0											(2,435)
Euro-OAT France Government 10-Year Bond September Futures										09/2022				71						(10,307)										324								0											(196)
Euro-Schatz September Futures										09/2022				1,598						(182,777)										406								0											(1,072)
Gold 100 oz. August Futures										08/2022				130						(23,495)										398								133											0
Japan Government 10-Year Bond September Futures										09/2022				170						(186,201)										807								25											(163)
U.S. Treasury 2-Year Note September Futures										09/2022				673						(141,341)										497								0											(306)
U.S. Treasury 10-Year Note September Futures										09/2022				1,319						(156,343)										198								0											(1,150)
U.S. Treasury 10-Year Ultra September Futures										09/2022				522						(66,490)										1,126								0											(693)
U.S. Treasury Ultra Long-Term Bond September Futures										09/2022				286						(44,142)										178								0											(472)
																									$				(8,148)						$		1,443							$				(9,929)
Total Futures Contracts																									$				500						$		6,145							$				(11,210)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION(1)
																																							Variation Margin
Reference Entity			Fixed Receive Rate	Payment Frequency		Maturity Date		Implied Credit Spread at June 30, 2022(2)								Notional Amount(3)					Premiums Paid/ (Received)						Unrealized Appreciation/ (Depreciation)						Market Value(4)									Asset								Liability
Barclays Bank PLC			1.000%	Quarterly		12/20/2022		0.622			%		EUR			1,200		$			8		$				(5)				$		3							$		0				$				0
INTEREST RATE SWAPS
																																							Variation Margin
Pay/ Receive Floating Rate		Floating Rate Index			Fixed Rate		Payment Frequency		Maturity Date						Notional Amount							Premiums Paid/ (Received)						Unrealized Appreciation/ (Depreciation)						Market Value									Asset								Liability
Pay(5)		3-Month EUR-EURIBOR			0.526%		Annual		11/21/2023			EUR			29,100				$			0		$				(607)				$		(607)							$		88				$				0
Pay		6-Month EUR-EURIBOR			0.700		Annual		04/11/2027						4,000							(20)						(176)						(196)									51								0
Pay		6-Month EUR-EURIBOR			0.650		Annual		04/12/2027						7,300							(40)						(337)						(377)									93								0
Pay		6-Month EUR-EURIBOR			0.650		Annual		05/11/2027						6,600							(50)						(305)						(355)									87								0

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

Pay		6-Month EUR-EURIBOR		1.000	Annual		05/13/2027			8,700				(32)				(282)						(314)			117					0
Pay		6-Month EUR-EURIBOR		1.000	Annual		05/18/2027			3,800				(14)				(124)						(138)			51					0
Pay		CPTFEMU		1.380	Maturity		03/15/2031			2,900				(20)				(495)						(515)			24					0
Receive		CPTFEMU		2.600	Maturity		05/15/2032			7,600				39				(75)						(36)			0					(92)
Pay		CPTFEMU		2.455	Maturity		06/15/2032			9,000				0				49						49			113					0
Receive		CPTFEMU		2.720	Maturity		06/15/2032			11,200				(35)				(347)						(382)			0					(148)
Pay		CPTFEMU		2.580	Maturity		03/15/2052			500				0				10						10			16					0
Pay		CPTFEMU		2.590	Maturity		03/15/2052			1,900				(49)				92						43			62					0
Pay		CPTFEMU		2.550	Maturity		04/15/2052			1,500				2				32						34			48					0
Pay		CPURNSA		5.500	Maturity		03/21/2023		$	14,500				0				(137)						(137)			45					0
Pay		CPURNSA		5.320	Maturity		04/29/2023			54,800				0				(231)						(231)			156					0
Receive		CPURNSA		2.419	Maturity		03/05/2026			4,400				0				410						410			0					(17)
Receive		CPURNSA		2.768	Maturity		05/13/2026			8,500				0				613						613			0					(30)
Receive		CPURNSA		2.813	Maturity		05/14/2026			3,300				0				230						230			0					(12)
Receive		CPURNSA		2.703	Maturity		05/25/2026			2,240				0				167						167			0					(8)
Receive		CPURNSA		2.690	Maturity		06/01/2026			4,100				0				304						304			0					(14)
Receive		CPURNSA		2.573	Maturity		08/26/2028			4,900				0				264						264			0					(23)
Receive		CPURNSA		2.645	Maturity		09/10/2028			3,100				0				143						143			0					(15)
Pay		CPURNSA		2.006	Maturity		11/30/2030			8,200				0				(1,054)						(1,054)			48					0
Receive		UKRPI		6.290	Maturity		03/15/2024		GBP	15,400				(8)				401						393			27					0
Receive		UKRPI		6.440	Maturity		05/15/2024			3,600				0				32						32			5					0
Receive		UKRPI		6.600	Maturity		05/15/2024			13,500				20				48						68			17					0
Receive		UKRPI		5.200	Maturity		06/15/2024			7,000				0				24						24			5					0
Receive		UKRPI		5.330	Maturity		06/15/2024			4,500				0				1						1			3					0
Pay		UKRPI		3.330	Maturity		01/15/2025			18,400				209				(2,748)						(2,539)			0					(32)
Pay		UKRPI		3.480	Maturity		01/15/2030			5,280				69				(898)						(829)			10					0
Pay		UKRPI		3.450	Maturity		01/15/2031			7,500				(97)				(1,399)						(1,496)			14					0
Pay		UKRPI		3.624	Maturity		02/15/2031			4,300				0				(747)						(747)			12					0
Pay		UKRPI		3.750	Maturity		04/15/2031			7,300				3				(1,140)						(1,137)			22					0
Receive		UKRPI		4.300	Maturity		01/15/2032			19,500				45				406						451			0					(109)
Pay		UKRPI		3.566	Maturity		03/15/2036			1,500				0				(243)						(243)			12					0
Pay		UKRPI		3.580	Maturity		03/15/2036			4,500				(28)				(687)						(715)			37					0
Pay		UKRPI		3.515	Maturity		02/15/2041			8,900				(696)				(768)						(1,464)			101					0
											$		(702)			$	(9,574)				$		(10,276)		$	1,264				$	(500)
Total Swap Agreements											$		(694)			$	(9,579)				$		(10,273)		$	1,264				$	(500)
(k)	Securities with an aggregate market value of $6,732 and cash of $17,999 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 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 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)	This instrument has a forward starting effective date.
(6)	Unsettled variation margin asset of $40 for closed futures is outstanding at period end.
(l)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
FORWARD FOREIGN CURRENCY CONTRACTS:
																			Unrealized Appreciation/(Depreciation)
Counterparty			Settlement Month					Currency to be Delivered							Currency to be Received							Asset							Liability
BOA			07/2022			$		94,264				DKK			662,752					$		0						$	(886)
			08/2022			DKK		661,408				$			94,264							907							0
			08/2022			EUR		5,783							6,125							48							0
			08/2022			GBP		8,937							11,084							197							0
			08/2022			JPY		713,400							5,461							189							0
			08/2022			$		27,081				EUR			25,424							4							(365)
			08/2022					1,080				GBP			887							0							0
			08/2022					3,743				JPY			498,000							0							(63)
BPS			07/2022			MXN		1,615				$			77							0							(3)
			07/2022			$		5,826				DKK			40,255							0							(154)
			07/2022					80				MXN			1,615							0							0
			08/2022			CAD		1,489				$			1,151							0							(6)
			08/2022			EUR		94,172							99,491							521							0
			08/2022			$		1,164				EUR			1,097							0							(11)
			09/2022			MXN		1,615				$			79							0							0
CBK			07/2022			$		26				PEN			98							0							(1)
			08/2022			AUD		2,444				$			1,722							35							0

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

		08/2022		GBP	780					951					1						0
		08/2022		$	25				PEN	98					0						0
GLM		07/2022			2,205				DKK	15,280					0						(52)
		07/2022			26				PEN	97					0						(1)
		08/2022			1,165				DKK	8,305					7						0
HUS		08/2022		CAD	369				$	288					1						0
		08/2022		JPY	306,200					2,278					15						0
JPM		08/2022		GBP	377					475					16						0
		08/2022		JPY	2,242,213					17,163					593						0
		08/2022		$	7,290				EUR	6,955					20						0
		08/2022			1,289				GBP	1,046					0						(15)
MYI		07/2022		DKK	872,038				$	129,448					6,583						0
		07/2022		$	2,727				CAD	3,517					6						0
		07/2022			19,769				DKK	139,094					0						(171)
		08/2022		DKK	138,812				$	19,769					176						0
		08/2022		EUR	50,741					53,689					362						0
		08/2022		$	9,561				EUR	8,951					0						(154)
SCX		07/2022			2,111				DKK	14,575					0						(58)
		08/2022			1,159				GBP	920					0						(38)
UAG		08/2022		NZD	3,693				$	2,371					65						0
		08/2022		$	1,719				EUR	1,602					0						(35)
Total Forward Foreign Currency Contracts													$	9,746				$		(2,013)
PURCHASED OPTIONS:
INTEREST RATE SWAPTIONS
Counterparty	Description		Floating Rate Index				Pay/Receive Floating Rate	Exercise Rate			Expiration Date	Notional Amount(1)					Cost					Market Value
BRC	Call - OTC 2-Year Interest Rate Swap		3-Month USD-LIBOR				Pay	1.410%			02/02/2023	56,300				$	281		$			47
CBK	Call - OTC 2-Year Interest Rate Swap		3-Month USD-LIBOR				Pay	1.720			02/23/2023	106,700					587					181
GLM	Call - OTC 5-Year Interest Rate Swap		3-Month USD-LIBOR				Pay	2.200			04/26/2023	24,400					260					247
JPM	Call - OTC 2-Year Interest Rate Swap		3-Month USD-LIBOR				Pay	1.710			01/25/2023	113,700					693					150
MYC	Call - OTC 2-Year Interest Rate Swap		3-Month USD-LIBOR				Pay	1.428			01/31/2023	56,300					288					48
	Call - OTC 5-Year Interest Rate Swap		3-Month USD-LIBOR				Pay	2.200			05/31/2023	69,300					832					777
																$	2,941		$			1,450
Total Purchased Options																$	2,941		$			1,450
WRITTEN OPTIONS:
CREDIT DEFAULT SWAPTIONS ON CREDIT INDICES
Counterparty	Description					Buy/Sell Protection		Exercise Rate			Expiration Date	Notional Amount(1)					Premiums (Received)					Market Value
BOA	Put - OTC CDX.IG-38 5-Year Index					Sell		1.200%			07/20/2022	5,000				$	(8)		$			(4)
	Put - OTC iTraxx Europe 36 5-Year Index					Sell		1.200			07/20/2022	4,000					(19)					(9)
	Put - OTC iTraxx Europe 37 5-Year Index					Sell		1.400			08/17/2022	5,500					(16)					(18)
BPS	Put - OTC CDX.IG-37 5-Year Index					Sell		1.200			07/20/2022	4,500					(8)					(2)
BRC	Put - OTC iTraxx Europe 36 5-Year Index					Sell		1.200			07/20/2022	4,800					(22)					(10)
	Put - OTC iTraxx Europe 37 5-Year Index					Sell		1.600			08/17/2022	1,300					(3)					(2)
CBK	Put - OTC CDX.IG-38 5-Year Index					Sell		1.200			07/20/2022	2,000					(3)					(2)
GST	Call - OTC CDX.IG-38 5-Year Index					Buy		0.700			08/17/2022	2,200					(2)					0
	Put - OTC CDX.IG-38 5-Year Index					Sell		1.300			08/17/2022	7,300					(16)					(12)
JPM	Put - OTC CDX.HY-38 5-Year Index					Sell		95.000			08/17/2022	1,100					(13)					(17)
MYC	Put - OTC CDX.IG-38 5-Year Index					Sell		1.250			07/20/2022	2,600					(4)					(1)
	Put - OTC CDX.IG-38 5-Year Index					Sell		1.350			08/17/2022	2,200					(5)					(3)
																$	(119)		$			(80)
INTEREST RATE SWAPTIONS
Counterparty	Description		Floating Rate Index				Pay/Receive Floating Rate	Exercise Rate			Expiration Date	Notional Amount(1)					Premiums (Received)					Market Value
BRC	Call - OTC 10-Year Interest Rate Swap		3-Month USD-LIBOR				Receive	1.558%			02/02/2023	12,300				$	(281)		$			(31)
CBK	Call - OTC 10-Year Interest Rate Swap		3-Month USD-LIBOR				Receive	1.736			02/23/2023	23,700					(587)					(101)
GLM	Call - OTC 10-Year Interest Rate Swap		3-Month USD-LIBOR				Receive	2.350			04/26/2023	13,500					(267)					(229)
JPM	Call - OTC 10-Year Interest Rate Swap		3-Month USD-LIBOR				Receive	1.785			01/25/2023	25,200					(697)					(97)
MYC	Call - OTC 10-Year Interest Rate Swap		3-Month USD-LIBOR				Receive	1.579			01/31/2023	12,300					(288)					(31)

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

		Call - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR				Receive			2.350				05/31/2023					38,200				(832)						(708)
																							$		(2,952)					$	(1,197)
OPTIONS ON INDICES
Counterparty		Description												Strike Value			Expiration Date				Notional Amount(1)				Premiums (Received)						Market Value
UAG		Call - OTC BCOMTR Index												119.900			01/20/2023				84		$		(315)					$	(640)
OPTIONS ON SECURITIES
Counterparty		Description								Strike Price			Expiration Date								Notional Amount(1)				Premiums (Received)						Market Value
JPM		Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052						$		99.141			09/07/2022								600		$		(2)					$	(4)
		Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052								99.156			09/07/2022								1,100				(4)						(7)
		Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052								99.656			09/07/2022								2,000				(8)						(17)
		Call - OTC Fannie Mae, TBA 4.500% due 09/01/2052								101.141			09/07/2022								600				(1)						(2)
		Put - OTC Uniform Mortgage-Backed Security, TBA 3.500% due 08/01/2052								96.906			08/04/2022								400				(2)						(5)
SAL		Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052								98.234			09/07/2022								3,400				(19)						(15)
		Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052								99.406			09/07/2022								1,600				(6)						(12)
		Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052								99.656			09/07/2022								1,900				(7)						(16)
		Call - OTC Fannie Mae, TBA 4.500% due 09/01/2052								100.234			09/07/2022								3,400				(15)						(27)
		Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052								94.688			09/07/2022								2,300				(14)						(12)
		Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 07/01/2052								99.156			07/07/2022								6,400				(46)						(41)
		Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2052								99.563			07/07/2022								1,000				(5)						0
		Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2052								100.281			07/07/2022								3,200				(16)						(7)
																							$		(145)					$	(165)
Total Written Options																							$		(3,531)					$	(2,082)
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON COMMODITY AND EQUITY INDICES
																												Swap Agreements, at Value
Counterparty	Pay/Receive(2)			Underlying Reference		# of Units	Financing Rate				Payment Frequency				Maturity Date				Notional Amount			Premiums Paid/(Received)				Unrealized Appreciation/ (Depreciation)			Asset				Liability
BOA	Receive		AMZX Index			22,474	2.180% (1-Month USD-LIBOR plus a specified spread)				Monthly				08/17/2022			$	28,157	$		0		$		(41)	$		0			$	(41)
	Receive		AMNAX Index			184,939	2.300% (1-Month USD-LIBOR plus a specified spread)				Monthly				09/21/2022				124,527			0				(5,152)			0				(5,152)
	Receive		DWRTFT Index			6,078	2.030% (1-Month USD-LIBOR plus a specified spread)				Monthly				10/12/2022				71,351			0				(87)			0				(87)
	Receive		AMNAX Index			13,999	2.300% (1-Month USD-LIBOR plus a specified spread)				Monthly				10/26/2022				9,044			0				(11)			0				(11)
	Receive		AMZX Index			21,852	2.180% (1-Month USD-LIBOR plus a specified spread)				Monthly				10/26/2022				27,378			0				(40)			0				(40)
BPS	Receive		BCOMF1NTC Index			50,338	0.120%				Monthly				02/15/2023				6,469			0				(8)			0				(8)
	Receive		BCOMTR Index			619,780	1.870% (3-Month U.S. Treasury Bill rate plus a specified spread)				Monthly				02/15/2023				171,820			0				(16,474)			0				(16,474)
	Receive		CSIXTR Index			15,703	1.940% (3-Month U.S. Treasury Bill rate plus a specified spread)				Monthly				02/15/2023				114,457			0				(8,726)			0				(8,726)
BRC	Receive		DWRTFT Index			238	1.830% (1-Month USD-LIBOR plus a specified spread)				Monthly				11/16/2022				2,794			0				(3)			0				(3)
	Receive		DWRTFT Index			9,099	1.880% (1-Month USD-LIBOR plus a specified spread)				Monthly				11/16/2022				106,815			0				(116)			0				(116)

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

CBK	Receive	AMZX Index		23,640	2.058% (1-Month USD-LIBOR plus a specified spread)		Monthly		08/17/2022			31,342				0				(1,749)				0				(1,749)
	Receive	DWRTFT Index		2,841	1.950% (1-Month USD-LIBOR plus a specified spread)		Monthly		05/10/2023			33,351				0				(29)				0				(29)
FAR	Receive	DWRTFT Index		1,332	1.873% (1-Month USD-LIBOR plus a specified spread)		Monthly		09/28/2022			15,313				0				323				323				0
	Receive	AMZX Index		33,337	1.950% (1-Month USD-LIBOR plus a specified spread)		Monthly		04/12/2023			41,767				0				(51)				0				(51)
GST	Receive	BCOMTR Index		295,624	1.880% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2023			81,955				0				(7,861)				0				(7,861)
	Receive	CSIXTR Index		12,728	1.920% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2023			92,772				0				(7,074)				0				(7,074)
JPM	Receive	DWRTFT Index		1,342	2.060% (1-Month USD-LIBOR plus a specified spread)		Monthly		10/12/2022			15,754				0				(20)				0				(20)
	Receive	BCOMTR Index		216,052	1.880% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2023			59,896				0				(5,743)				0				(5,743)
	Receive	CSIXTR Index		5,085	1.930% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2023			37,064				(2,747)				(78)				0				(2,825)
MYI	Receive	DWRTFT Index		6,506	1.990% (1-Month USD-LIBOR plus a specified spread)		Monthly		01/04/2023			76,375				0				(90)				0				(90)
UAG	Receive	DWRTFT Index		256	1.490% (1-Month USD-LIBOR plus a specified spread)		Monthly		08/24/2022			3,005				0				(4)				0				(4)
	Receive	BCOMTR Index		53,890	0.000%		Maturity		01/20/2023			5,883				423				2				425				0
														$		(2,324)		$		(53,032)		$		748		$		(56,104)
TOTAL RETURN SWAPS ON SECURITIES
																							Swap Agreements, at Value
Counterparty	Pay/Receive(2)		Underlying Reference	# of Shares		Financing Rate		Payment Frequency		Maturity Date			Notional Amount				Premiums Paid/(Received)				Unrealized Appreciation/ (Depreciation)				Asset				Liability
JPM	Receive		Aircastle Ltd.	257,500		1.880% (1-Month USD-LIBOR plus a specified spread)		Monthly		12/07/2022	$		10,712		$		0		$		(12)		$		0		$		(12)
	Receive		Alexandria Real Estate Equities, Inc.	80,100		1.880% (1-Month USD-LIBOR plus a specified spread)		Monthly		12/07/2022			11,617				0				81				81				0
	Receive		American Homes 4 Rent	523,400		1.880% (1-Month USD-LIBOR plus a specified spread)		Monthly		12/07/2022			18,549				0				(19)				0				(19)
	Receive		American Tower Corp.	110,600		1.880% (1-Month USD-LIBOR plus a specified spread)		Monthly		12/07/2022			28,268				0				130				130				0
	Receive		AvalonBay Communities, Inc.	136,400		1.880% (1-Month USD-LIBOR plus a specified spread)		Monthly		12/07/2022			26,496				0				188				188				0
	Receive		Digital Realty Trust, Inc.	90,100		1.880% (1-Month USD-LIBOR plus a specified spread)		Monthly		12/07/2022			11,698				0				(13)				0				(13)

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

Receive	Duke Realty Corp.	436,500	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	23,986	0	(23)	0	(23)
Receive	Equinix, Inc.	17,500	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	11,498	0	(12)	0	(12)
Receive	Equity LifeStyle Properties, Inc.	316,000	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	22,269	0	106	106	0
Receive	Equity Residential	360,500	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	26,035	0	198	198	0
Receive	First Industrial Realty Trust, Inc.	214,600	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	10,189	0	52	52	0
Receive	Gaming and Leisure Properties, Inc.	228,300	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	10,470	0	(11)	0	(11)
Receive	Invitation Homes, Inc.	1,070,100	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	38,074	0	(40)	0	(40)
Receive	Medical Properties Trust, Inc.	754,600	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	11,523	0	205	205	0
Receive	Prologis, Inc.	461,200	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	54,260	0	(59)	0	(59)
Receive	PSA Treasury Pte Ltd.	130,800	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	40,897	0	(43)	0	(43)
Receive	Rexford Industrial Realty, Inc.	180,200	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	10,378	0	45	45	0
Receive	SBA Communications Corp.	62,100	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	19,875	0	(21)	0	(21)
Receive	Simon Property Group, Inc.	318,900	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	30,270	0	(37)	0	(37)
Receive	Sun Communities, Inc.	210,400	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	33,529	0	150	150	0
Receive	Vici Properities, Inc.	1,922,756	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	57,368	0	536	536	0
Receive	Welltower, Inc.	293,300	1.880% (1-Month USD-LIBOR plus a specified spread)	Monthly	12/07/2022	24,153	0	(26)	0	(26)

Consolidated Schedule of Investments PIMCO All Asset: Multi-Real Fund(Cont.) June 30, 2022 (Unaudited)

			Receive	WP Carey, Inc.	167,700	1.880% (1-Month USD-LIBOR plus a specified spread)		Monthly		12/07/2022			13,896			0				163					163			0
														$	0			$	1,538			$		1,854		$	(316)
Total Swap Agreements														$	(2,324)			$	(51,494)			$		2,602		$	(56,420)
(m)		Securities with an aggregate market value of $97,942 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2022.
(1)		Notional Amount represents the number of contracts.
(2)		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 June 30, 2022 in valuing the Fund's assets and liabilities:
Category and Subcategory							Level 1				Level 2				Level 3						Fair Value at 06/30/2022
Investments in Securities, at Value
Corporate Bonds & Notes
	Banking & Finance						$		0		$	111,989			$		0				$		111,989
	Industrials								0			413					0						413
	Utilities								0			335					0						335
U.S. Government Agencies									0			81,253					0						81,253
U.S. Treasury Obligations									0			2,451,341					0						2,451,341
Non-Agency Mortgage-Backed Securities									0			11,801					0						11,801
Asset-Backed Securities									0			259,634					0						259,634
Sovereign Issues									0			102,485					0						102,485
Common Stocks
	Consumer Discretionary								8,475			0					0						8,475
	Real Estate								9,760			0					0						9,760
Preferred Securities
	Banking & Finance								0			196					0						196
Real Estate Investment Trusts
	Real Estate								504,959			0					0						504,959
Short-Term Instruments
	Repurchase Agreements								0			816,500					0						816,500
	U.S. Treasury Bills								0			227,515					0						227,515
	U.S. Treasury Cash Management Bills								0			106,615					0						106,615
							$		523,194		$	4,170,077			$		0				$		4,693,271
Investments in Affiliates, at Value
Short-Term Instruments
	Central Funds Used for Cash Management Purposes						$		9,717		$	0			$		0				$		9,717
Total Investments							$		532,911		$	4,170,077			$		0				$		4,702,988
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared									5,521			1,888					0						7,409
Over the counter									0			13,798					0						13,798
							$		5,521		$	15,686			$		0				$		21,207
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared									(8,589)			(3,121)					0						(11,710)
Over the counter									0			(60,515)					0						(60,515)
							$		(8,589)		$	(63,636)			$		0				$		(72,225)
Total Financial Derivative Instruments							$		(3,068)		$	(47,950)			$		0				$		(51,018)
Totals							$		529,843		$	4,122,127			$		0				$		4,651,970
There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Schedule of Investments PIMCO All Asset: Multi-Short PLUS Fund June 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 77.5% ¤
CORPORATE BONDS & NOTES 2.3%
BANKING & FINANCE 1.9%
Bank of America Corp. 2.843% (SOFRRATE + 1.330%) due 04/02/2026 ~	$	300	$	296
Credit Suisse Group AG 7.500% due 12/11/2023 •(d)(e)		400		382
Equinix, Inc. 1.550% due 03/15/2028		100		84
Fairfax Financial Holdings Ltd. 2.750% due 03/29/2028	EUR	150		146
General Motors Financial Co., Inc. 2.439% (SOFRRATE + 1.200%) due 11/17/2023 ~	$	100		99
Goldman Sachs Group, Inc. 3.330% (SOFRRATE + 1.850%) due 03/15/2028 ~		400		397
Nykredit Realkredit AS 1.500% due 10/01/2053	DKK	7,649		887
Societe Generale SA 7.875% due 12/18/2023 •(d)(e)	$	400		392
VICI Properties LP 4.750% due 02/15/2028		100		96
				2,779
INDUSTRIALS 0.4%
CVS Pass-Through Trust 6.943% due 01/10/2030		71		75
Magallanes, Inc.
4.054% due 03/15/2029		100		92
4.279% due 03/15/2032		400		358
				525
Total Corporate Bonds & Notes (Cost $3,665)				3,304
MUNICIPAL BONDS & NOTES 0.3%
ILLINOIS 0.0%
Chicago, Illinois General Obligation Bonds, Series 2015 7.750% due 01/01/2042		16		17
WASHINGTON 0.3%
Washington State Convention Center Public Facilities District Revenue Bonds, (BABs), Series 2010 6.790% due 07/01/2040		380		432
Total Municipal Bonds & Notes (Cost $496)				449
U.S. GOVERNMENT AGENCIES 0.7%
Fannie Mae
1.356% due 09/25/2042 •		3		3
1.974% due 07/25/2037 •		5		4
2.004% due 07/25/2037 •		8		8
2.024% (US0001M + 0.400%) due 09/25/2035 ~		16		16
2.034% due 09/25/2035 •		36		36
2.224% (US0001M + 0.600%) due 01/25/2051 ~		14		14
2.344% due 06/25/2037 •		65		66
4.000% due 04/25/2041		564		548
Freddie Mac
1.704% due 03/15/2037 •		66		66
2.024% due 08/15/2037 •		93		94
2.034% due 10/15/2037 •		15		16
2.044% due 05/15/2037 - 09/15/2037 •		109		110
U.S. Small Business Administration 4.430% due 05/01/2029		12		12
Total U.S. Government Agencies (Cost $1,061)				993
U.S. TREASURY OBLIGATIONS 1.4%
U.S. Treasury Inflation Protected Securities (c)
0.125% due 02/15/2051		777		600
0.625% due 02/15/2043		110		97
0.750% due 02/15/2045		123		110

Schedule of Investments PIMCO All Asset: Multi-Short PLUS Fund (Cont.) June 30, 2022 (Unaudited)

1.000% due 02/15/2046	75	72
1.375% due 02/15/2044	1,153	1,182
Total U.S. Treasury Obligations (Cost $2,607)		2,061
NON-AGENCY MORTGAGE-BACKED SECURITIES 3.1%
Banc of America Mortgage Trust
3.066% due 07/25/2035 ^~	23	21
Bear Stearns Adjustable Rate Mortgage Trust
3.046% due 11/25/2034 ~	3	3
Bear Stearns ALT-A Trust
2.593% due 10/25/2035 ^~	114	102
3.074% due 09/25/2035 ^~	59	39
Chase Mortgage Finance Trust
2.863% due 09/25/2036 ^~	22	19
2.894% due 12/25/2035 ^~	14	13
6.000% due 12/25/2036	23	12
Countrywide Alternative Loan Trust
2.004% due 09/25/2046 ^•	119	114
2.184% due 02/25/2037 •	41	33
Countrywide Home Loan Mortgage Pass-Through Trust
2.520% due 02/20/2035 ~	1	1
2.711% due 11/25/2034 ~	27	26
Deutsche ALT-A Securities, Inc. Mortgage Loan Trust 2.284% due 02/25/2036 •	298	291
GSR Mortgage Loan Trust
2.668% due 11/25/2035 ~	1	1
2.938% due 09/25/2035 ~	1	1
3.146% due 11/25/2035 ^~	48	42
6.000% due 02/25/2036 ^	487	248
6.000% due 07/25/2037 ^	130	97
HarborView Mortgage Loan Trust
1.852% (US0001M + 0.240%) due 12/19/2036 ^~	269	254
1.952% (US0001M + 0.340%) due 12/19/2036 ^~	17	15
2.092% (US0001M + 0.480%) due 06/19/2035 ~	105	100
3.533% due 06/19/2036 ^~	133	83
IndyMac INDX Mortgage Loan Trust
1.804% due 02/25/2037 ^•	148	138
3.236% due 06/25/2036 ~	269	255
JP Morgan Alternative Loan Trust 3.048% due 05/25/2036 ^~	130	85
JP Morgan Mortgage Trust
2.904% due 07/25/2035 ~	4	4
2.908% due 10/25/2036 ~	11	8
2.991% due 10/25/2036 ^~	66	53
Legacy Mortgage Asset Trust 1.875% due 10/25/2068 þ	381	365
Lehman Mortgage Trust 6.000% due 09/25/2037 ^	95	91
MASTR Adjustable Rate Mortgages Trust 2.639% due 07/25/2035 ^~	18	16
Merrill Lynch Alternative Note Asset Trust 2.224% (US0001M + 0.600%) due 03/25/2037 ~	176	56
Merrill Lynch Mortgage Investors Trust
2.120% due 05/25/2033 ~	2	2
2.996% due 09/25/2035 ^~	52	44
Mortgage Equity Conversion Asset Trust 3.280% (H15T1Y + 0.500%) due 05/25/2042 ~	232	226
Nomura Asset Acceptance Corp. Alternative Loan Trust 5.476% due 05/25/2035 ^þ	5	3
Preston Ridge Partners Mortgage 3.720% due 02/25/2027 þ	373	359
Prime Mortgage Trust 6.000% due 06/25/2036 ^	9	8
Residential Accredit Loans, Inc. Trust
1.924% due 02/25/2037 •	132	122
1.964% due 01/25/2037 •	236	203
1.984% (US0001M + 0.360%) due 07/25/2036 ~	441	210
1.994% (US0001M + 0.370%) due 08/25/2036 ~	234	217
2.004% (US0001M + 0.380%) due 09/25/2036 ^~	383	364
Structured Adjustable Rate Mortgage Loan Trust
1.876% due 01/25/2035 ^•	2	2
1.924% due 10/25/2035 •	1	1
2.543% due 02/25/2034 ~	1	1
Thornburg Mortgage Securities Trust 4.783% due 06/25/2047 ^•	100	83
WaMu Mortgage Pass-Through Certificates Trust
3.125% due 02/25/2037 ^~	37	35
Wells Fargo Mortgage-Backed Securities Trust 2.751% due 12/25/2036 ^~	48	47
Total Non-Agency Mortgage-Backed Securities (Cost $4,758)		4,513
ASSET-BACKED SECURITIES 8.7%
ACE Securities Corp. Home Equity Loan Trust 1.744% due 10/25/2036 •	1	1

Schedule of Investments PIMCO All Asset: Multi-Short PLUS Fund (Cont.) June 30, 2022 (Unaudited)

Asset-Backed Securities Corp. Home Equity Loan Trust 2.584% due 07/25/2035 •		55	55
Bear Stearns Asset-Backed Securities Trust 1.864% (US0001M + 0.240%) due 06/25/2047 ~		471	470
CarNow Auto Receivables Trust 3.440% due 07/15/2024		83	83
Citigroup Mortgage Loan Trust
1.784% due 12/25/2036 •		837	482
1.804% due 01/25/2037 •		1,077	833
Countrywide Asset-Backed Certificates Trust
1.764% due 04/25/2047 •		141	135
2.164% due 03/25/2036 •		180	166
First Franklin Mortgage Loan Trust 1.944% due 04/25/2036 •		19	18
Fremont Home Loan Trust 1.784% due 08/25/2036 •		2,014	748
GSAMP Trust 1.674% due 12/25/2046 •		306	163
Long Beach Mortgage Loan Trust
1.924% due 05/25/2036 •		111	67
2.164% due 05/25/2046 •		705	252
Massachusetts Educational Financing Authority 2.134% due 04/25/2038 •		26	26
MASTR Asset-Backed Securities Trust
1.674% due 01/25/2037 •		2,644	895
1.834% (US0001M + 0.210%) due 05/25/2037 ~		914	867
2.204% (US0001M + 0.580%) due 12/25/2035 ~		53	53
Merrill Lynch Mortgage Investors Trust 2.124% due 07/25/2037 •		403	114
MF1 Ltd. 3.460% due 06/19/2037 •		1,300	1,274
Morgan Stanley ABS Capital, Inc. Trust
1.754% (US0001M + 0.130%) due 02/25/2037 ~		1,018	651
1.759% (US0001M + 0.135%) due 11/25/2036 ~		902	642
1.834% (US0001M + 0.210%) due 01/25/2037 ~		441	236
Morgan Stanley Home Equity Loan Trust 1.724% due 12/25/2036 •		458	249
Pagaya AI Debt Selection Trust
2.030% due 10/15/2029		281	271
4.970% due 01/15/2030		200	199
Park Place Securities, Inc. Asset-Backed Pass-Through Certificates 3.274% due 12/25/2034 •		74	75
PRET LLC
1.744% due 07/25/2051 þ		275	257
1.868% due 07/25/2051 þ		275	248
Renaissance Home Equity Loan Trust 5.586% due 11/25/2036 þ		749	312
Research-Driven Pagaya Motor Asset Trust 4.320% due 09/25/2030		500	492
Residential Asset Mortgage Products Trust 3.304% due 08/25/2035 •		700	660
Residential Asset Securities Corp. Trust 1.924% due 08/25/2036 •		1	1
Securitized Asset-Backed Receivables LLC Trust
1.784% (US0001M + 0.160%) due 08/25/2036 ~		386	143
2.104% due 07/25/2036 •		210	101
2.584% due 01/25/2036 ^•		331	310
SG Mortgage Securities Trust 1.764% due 10/25/2036 •		258	241
Soundview Home Loan Trust 2.524% (US0001M + 0.900%) due 10/25/2037 ~		665	524
Structured Asset Securities Corp. Mortgage Loan Trust
1.759% due 07/25/2036 •		56	55
1.964% due 12/25/2036 •		35	34
Theorem Funding Trust 1.210% due 12/15/2027		268	262
Total Asset-Backed Securities (Cost $14,009)			12,665
SOVEREIGN ISSUES 0.3%
Brazil Government International Bond 4.750% due 01/14/2050		420	286
Israel Government International Bond 1.250% due 11/30/2022	ILS	400	114
Total Sovereign Issues (Cost $560)			400
		SHARES
PREFERRED SECURITIES 0.2%
BANKING & FINANCE 0.2%
JPMorgan Chase & Co. 4.709% (US0003M + 3.470%) due 10/30/2022 ~(d)		132,000	125

Schedule of Investments PIMCO All Asset: Multi-Short PLUS Fund (Cont.) June 30, 2022 (Unaudited)

Stichting AK Rabobank Certificaten 6.500% due 12/29/2049 þ(d)		81,275		83
Total Preferred Securities (Cost $243)				208
SHORT-TERM INSTRUMENTS 60.5%
REPURCHASE AGREEMENTS (f) 56.2%				81,400
ISRAEL TREASURY BILLS 0.8%
(0.031)% due 08/03/2022 - 01/04/2023 (a)(b)		4,100		1,171
U.S. TREASURY BILLS 3.5%
0.753% due 07/07/2022 - 08/04/2022 (a)(b)	$	5,100		5,098
Total Short-Term Instruments (Cost $87,795)				87,669
Total Investments in Securities (Cost $115,194)				112,262
		SHARES
INVESTMENTS IN AFFILIATES 16.1%
SHORT-TERM INSTRUMENTS 16.1%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 16.1%
PIMCO Short Asset Portfolio		1,335,030		13,054
PIMCO Short-Term Floating NAV Portfolio III		1,062,859		10,314
Total Short-Term Instruments (Cost $23,572)				23,368
Total Investments in Affiliates (Cost $23,572)				23,368
Total Investments 93.6% (Cost $138,766)			$	135,630
Financial Derivative Instruments(g)(h)1.5%(Cost or Premiums, net $939)				2,199
Other Assets and Liabilities, net 4.9%				7,065
Net Assets 100.0%			$	144,894

Schedule of Investments PIMCO All Asset: Multi-Short PLUS Fund (Cont.) June 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.
~		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)		Coupon represents a weighted average yield to maturity.
(b)		Zero coupon security.
(c)		Principal amount of security is adjusted for inflation.
(d)		Perpetual maturity; date shown, if applicable, represents next contractual call date.
(e)		Contingent convertible security.
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			1.450%	06/30/2022	07/01/2022		$	81,400		U.S. Treasury Notes 0.750% due 07/15/2028										$		(83,028)					$			81,400			$			81,403
Total Repurchase Agreements																				$		(83,028)					$			81,400			$			81,403
SHORT SALES:
Description													Coupon	Maturity Date				Principal Amount								Proceeds							Payable for Short Sales
U.S. Government Agencies (4.5)%
Uniform Mortgage-Backed Security, TBA													2.000%	07/01/2037			$		1,400					$					(1,310)			$				(1,307)
Uniform Mortgage-Backed Security, TBA													2.000	08/01/2052					3,500										(3,035)							(3,035)
Uniform Mortgage-Backed Security, TBA													2.500	08/01/2052					2,500										(2,247)							(2,247)
Total Short Sales (4.5)%																								$					(6,592)			$				(6,589)
(1)	Includes accrued interest.
(g)		FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
FUTURES CONTRACTS:
LONG FUTURES CONTRACTS
																												Variation Margin
Description						Expiration Month			# of Contracts			Notional Amount				Unrealized Appreciation/ (Depreciation)									Asset										Liability
U.S. Treasury 2-Year Note September Futures						09/2022			50		$	10,501			$	(33)							$		28						$				0
U.S. Treasury 10-Year Note September Futures						09/2022			65			7,705				(32)									66										0
U.S. Treasury 30-Year Bond September Futures						09/2022			25			3,466				(25)									42										0
															$	(90)							$		136						$				0
SHORT FUTURES CONTRACTS
																												Variation Margin
Description						Expiration Month			# of Contracts			Notional Amount				Unrealized Appreciation/ (Depreciation)									Asset										Liability
E-mini S&P 500 Index September Futures						09/2022			272		$	(51,537)			$	(459)							$		409						$				0
Euro-Bund 10-Year Bond September Futures						09/2022			6			(935)				26									0										(23)
Euro-Buxl 30-Year Bond September Futures						09/2022			1			(171)				8									0										(7)
U.S. Treasury 5-Year Note September Futures						09/2022			139			(15,603)				69									0										(98)
U.S. Treasury Ultra Long-Term Bond September Futures						09/2022			8			(1,235)				26									0										(19)
															$	(330)							$		409						$				(147)

Schedule of Investments PIMCO All Asset: Multi-Short PLUS Fund (Cont.) June 30, 2022 (Unaudited)

Total Futures Contracts																					$			(420)					$	545						$			(147)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION(1)
																																			Variation Margin
Reference Entity		Fixed Receive Rate	Payment Frequency		Maturity Date		Implied Credit Spread at June 30, 2022(2)				Notional Amount(3)						Premiums Paid/ (Received)					Unrealized Appreciation/ (Depreciation)					Market Value(4)						Asset								Liability
AT&T, Inc.		1.000%	Quarterly		06/20/2026		1.142	%			$	700			$			11		$			(14)			$		(3)				$		0				$				(1)
Boeing Co.		1.000	Quarterly		06/20/2023		1.520					400						1					(3)					(2)						0								0
Boeing Co.		1.000	Quarterly		06/20/2026		2.327					200						(1)					(8)					(9)						0								0
General Electric Co.		1.000	Quarterly		06/20/2026		1.530					300						2					(8)					(6)						0								0
																	$	13		$			(33)			$		(20)				$		0				$				(1)
CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION(1)
																																			Variation Margin
Index/Tranches				Fixed Receive Rate	Payment Frequency	Maturity Date					Notional Amount(3)							Premiums Paid/ (Received)					Unrealized Appreciation/ (Depreciation)					Market Value(4)						Asset						Liability
CDX.IG-38 5-Year Index				1.000%	Quarterly	06/20/2027			$		56,500				$			547		$			(548)			$		(1)				$		0				$				(11)
iTraxx Europe Main 37 5-Year Index				1.000	Quarterly	06/20/2027			EUR		27,100							292					(534)					(242)						0								(73)
															$			839		$			(1,082)			$		(243)				$		0				$				(84)
INTEREST RATE SWAPS
																																			Variation Margin
Pay/ Receive Floating Rate		Floating Rate Index	Fixed Rate		Payment Frequency		Maturity Date						Notional Amount				Premiums Paid/ (Received)					Unrealized Appreciation/ (Depreciation)					Market Value						Asset								Liability
Pay(5)		1-Day GBP-SONIO Compounded-OIS	0.750%		Annual		09/21/2032			GBP			1,400			$	(136)		$			(110)			$		(246)				$		25				$				0
Receive(5)		1-Day GBP-SONIO Compounded-OIS	0.750		Annual		09/21/2052						600				126					105					231						0								(17)
Pay		1-Day USD-SOFR Compounded-OIS	1.000		Annual		06/15/2029			$			2,600				(170)					(122)					(292)						17								0
Pay		1-Day USD-SOFR Compounded-OIS	1.250		Annual		06/15/2032						2,400				(133)					(192)					(325)						19								0
Pay		3-Month USD-LIBOR	1.000		Semi-Annual		12/16/2025						16,800				415					(1,576)					(1,161)						67								0
Pay		3-Month USD-LIBOR	0.500		Semi-Annual		06/16/2028						10,800				(628)					(882)					(1,510)						65								0
Receive		3-Month USD-LIBOR	1.000		Semi-Annual		12/16/2030						6,000				(13)					941					928						0								(44)
Receive		3-Month USD-LIBOR	1.250		Semi-Annual		06/16/2051						3,500				704					474					1,178						0								(24)
Pay(5)		6-Month EUR-EURIBOR	0.250		Annual		09/21/2032			EUR			1,500				(136)					(153)					(289)						26								0
Receive(5)		6-Month EUR-EURIBOR	0.500		Annual		09/21/2052						500				50					128					178						0								(13)
Pay		UKRPI	3.475		Maturity		08/15/2030			GBP			800				(4)					(144)					(148)						1								0
														$			75		$			(1,531)			$		(1,456)				$		220				$				(98)
Total Swap Agreements														$			927		$			(2,646)			$		(1,719)				$		220				$				(183)
Cash of $6,586 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 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 corporate 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)	This instrument has a forward starting effective date.
(h)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER

Schedule of Investments PIMCO All Asset: Multi-Short PLUS Fund (Cont.) June 30, 2022 (Unaudited)

FORWARD FOREIGN CURRENCY CONTRACTS:
															Unrealized Appreciation/(Depreciation)
Counterparty		Settlement Month			Currency to be Delivered							Currency to be Received						Asset									Liability
BOA		07/2022		$	988					DKK		6,941				$		0						$			(10)
		08/2022		DKK	6,927					$		988						10									0
		08/2022		GBP	46							57						1									0
		08/2022		MXN	7,544							372						0									(1)
		08/2022		$	278					EUR		261						0									(4)
BPS		07/2022		BRL	5					$		1						0									0
		07/2022		MXN	56,073							2,790						2									0
		07/2022		$	1					BRL		5						0									0
		07/2022			2,681					MXN		56,072						108									0
		08/2022		EUR	343					$		362						2									0
		08/2022		MXN	48,030							2,187						0									(187)
		08/2022		$	1					BRL		5						0									0
		08/2022			321					ZAR		5,128						0									(7)
		09/2022			2,749					MXN		56,073						3									0
		11/2022			14					ZAR		223						0									0
CBK		07/2022		BRL	5					$		1						0									0
		07/2022		$	1					BRL		5						0									0
		08/2022		ILS	1,500					$		479						49									0
		08/2022		ZAR	5,128							326						12									0
		09/2022		MXN	975							47						0									(1)
		10/2022		ILS	300							96						9									0
		11/2022			1,005							321						30									0
		12/2022			900							287						26									0
		01/2023			800							253						21									0
GLM		08/2022		$	79					DKK		565						1									0
HUS		08/2022		EUR	255					$		266						0									(2)
		05/2023		CNH	23							3						0									0
JPM		08/2022			72							11						0									0
MYI		07/2022		DKK	6,943							1,031						53									0
		08/2022		EUR	467							496						5									0
Total Forward Foreign Currency Contracts																				$	332			$			(212)
PURCHASED OPTIONS:
INTEREST RATE SWAPTIONS
Counterparty			Description			Floating Rate Index		Pay/Receive Floating Rate			Exercise Rate			Expiration Date				Notional Amount(1)				Cost							Market Value
CBK			Put - OTC 2-Year Interest Rate Swap			3-Month USD-LIBOR		Receive			1.850%			03/18/2024				5,600		$		54				$			136
Total Purchased Options																				$		54				$			136
WRITTEN OPTIONS:
CREDIT DEFAULT SWAPTIONS ON CREDIT INDICES
Counterparty	Description						Buy/Sell Protection		Exercise Rate				Expiration Date				Notional Amount(1)						Premiums (Received)					Market Value
BOA	Put - OTC iTraxx Crossover 36 5-Year Index						Sell		5.250%				07/20/2022				400				$		(4)		$			(8)
	Put - OTC iTraxx Europe 37 5-Year Index						Sell		1.400				08/17/2022				100						0					(1)
BRC	Put - OTC iTraxx Crossover 37 5-Year Index						Sell		7.000				08/17/2022				100						(1)					(1)
JPM	Put - OTC iTraxx Crossover 37 5-Year Index						Sell		7.000				08/17/2022				200						(2)					(2)
	Put - OTC iTraxx Europe 36 5-Year Index						Sell		1.100				07/20/2022				1,600						(6)					(6)
																					$		(13)		$			(18)
INTEREST RATE SWAPTIONS
Counterparty			Description			Floating Rate Index		Pay/Receive Floating Rate			Exercise Rate			Expiration Date				Notional Amount(1)				Premiums (Received)							Market Value
CBK			Put - OTC 2-Year Interest Rate Swap			3-Month USD-LIBOR		Pay			2.800%			03/18/2024				10,900		$		(52)				$			(148)
Total Written Options																			$			(65)				$			(166)

Schedule of Investments PIMCO All Asset: Multi-Short PLUS Fund (Cont.) June 30, 2022 (Unaudited)

SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION(2)
																											Swap Agreements, at Value(5)
Counterparty			Reference Entity		Fixed Receive Rate		Payment Frequency		Maturity Date		Implied Credit Spread at June 30, 2022(3)					Notional Amount(4)				Premiums Paid/(Received)				Unrealized Appreciation/ (Depreciation)					Asset				Liability
JPM			Hochtief AG		5.000%		Quarterly		12/20/2025		2.451%			EUR		100			$	23		$		(14)				$	9		$		0
TOTAL RETURN SWAPS ON EQUITY INDICES
																										Swap Agreements, at Value
Counterparty		Pay/Receive(6)		Underlying Reference	# of Units	Financing Rate		Payment Frequency		Maturity Date			Notional Amount					Premiums Paid/(Received)					Unrealized Appreciation/ (Depreciation)				Asset					Liability
BOA		Pay		S&P 500 Total Return Index	2,867	1.920% (1-Month USD-LIBOR plus a specified spread)		Monthly		02/22/2023		$	22,917				$	0			$		26		$		26			$		0
BPS		Pay		S&P 500 Total Return Index	5,400	1.940% (1-Month USD-LIBOR plus a specified spread)		Maturity		06/14/2023			44,702					0					1,607				1,607					0
UAG		Pay		S&P 500 Total Return Index	3,479	1.930% (1-Month USD-LIBOR plus a specified spread)		Monthly		02/08/2023			27,809					0					32				32					0
															$			0			$		1,665		$		1,665			$		0
Total Swap Agreements															$			23			$		1,651		$		1,674			$		0
(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 corporate 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 June 30, 2022 in valuing the Fund's assets and liabilities:

Category and Subcategory		Level 1		Level 2		Level 3		Fair Value at 06/30/2022
Investments in Securities, at Value
Corporate Bonds & Notes
	Banking & Finance	$	0	$	2,779	$	0	$	2,779
	Industrials		0		525		0		525
Municipal Bonds & Notes
	Illinois		0		17		0		17
	Washington		0		432		0		432
U.S. Government Agencies			0		993		0		993
U.S. Treasury Obligations			0		2,061		0		2,061
Non-Agency Mortgage-Backed Securities			0		4,513		0		4,513
Asset-Backed Securities			0		12,665		0		12,665
Sovereign Issues			0		400		0		400
Preferred Securities
	Banking & Finance		0		208		0		208
Short-Term Instruments
	Repurchase Agreements		0		81,400		0		81,400
	Israel Treasury Bills		0		1,171		0		1,171
	U.S. Treasury Bills		0		5,098		0		5,098
		$	0	$	112,262	$	0	$	112,262
Investments in Affiliates, at Value
Short-Term Instruments
	Central Funds Used for Cash Management Purposes	$	23,368	$	0	$	0	$	23,368

Schedule of Investments PIMCO All Asset: Multi-Short PLUS Fund (Cont.) June 30, 2022 (Unaudited)

Total Investments	$	23,368	$	112,262	$	0	$	135,630
Short Sales, at Value - Liabilities
U.S. Government Agencies		0		(6,589)		0		(6,589)
	$	0	$	(6,589)	$	0	$	(6,589)
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared		409		356		0		765
Over the counter		0		2,142		0		2,142
	$	409	$	2,498	$	0	$	2,907
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared		(30)		(300)		0		(330)
Over the counter		0		(378)		0		(378)
	$	(30)	$	(678)	$	0	$	(708)
Total Financial Derivative Instruments	$	379	$	1,820	$	0	$	2,199
Totals	$	23,747	$	107,493	$	0	$	131,240
There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio June 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 97.2% ¤
ARGENTINA 0.4%
SOVEREIGN ISSUES 0.4%
Argentina Government International Bond
0.500% due 07/09/2030 þ	$	6,790	$	1,501
1.000% due 07/09/2029		413		97
Autonomous City of Buenos Aires 53.715% (BADLARPP + 3.250%) due 03/29/2024 ~	ARS	3,770		14
Provincia de Buenos Aires 49.102% due 04/12/2025		61,009		205
Total Argentina (Cost $7,225)				1,817
BAHRAIN 0.2%
SOVEREIGN ISSUES 0.2%
Bahrain Government International Bond 6.125% due 07/05/2022	$	1,000		1,001
Total Bahrain (Cost $1,000)				1,001
BRAZIL 5.0%
CORPORATE BONDS & NOTES 4.2%
Banco Bradesco SA 2.850% due 01/27/2023	$	1,400		1,394
Banco BTG Pactual SA 4.500% due 01/10/2025		1,400		1,350
Banco General SA 3.875% due 10/10/2022		716		717
Braskem Netherlands Finance BV 4.500% due 01/10/2028		5,000		4,550
Brazil Minas SPE via State of Minas Gerais 5.333% due 02/15/2028		6,840		6,715
Caixa Economica Federal 3.500% due 11/07/2022		1,670		1,665
Centrais Eletricas Brasileiras SA 3.625% due 02/04/2025		400		381
Itau Unibanco Holding SA 2.900% due 01/24/2023		1,200		1,196
Odebrecht Oil & Gas Finance Ltd. 0.000% due 08/01/2022 (c)(e)		3,151		14
				17,982
SOVEREIGN ISSUES 0.8%
Banco Nacional de Desenvolvimento Economico e Social 4.750% due 05/09/2024		200		200
Brazil Government International Bond
2.875% due 06/06/2025		500		472
4.250% due 01/07/2025		2,300		2,286
6.000% due 04/07/2026		200		207
Brazil Letras do Tesouro Nacional 0.000% due 10/01/2022 (c)	BRL	2,300		425
				3,590
Total Brazil (Cost $22,780)				21,572
CAYMAN ISLANDS 2.3%
CORPORATE BONDS & NOTES 2.3%
Odebrecht Drilling Norbe Ltd. (6.350% Cash and 1.000% PIK) 7.350% due 12/01/2026 ^(a)	$	7,809		4,818
Odebrecht Offshore Drilling Finance Ltd. 6.720% due 12/01/2022 ^		104		101
QNB Finance Ltd.
1.125% due 06/17/2024		2,300		2,191
3.500% due 03/28/2024		2,800		2,788

Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Total Cayman Islands (Cost $10,458)			9,898
CHILE 3.4%
CORPORATE BONDS & NOTES 0.6%
Banco del Estado de Chile 2.704% due 01/09/2025	$	800	758
Banco Santander Chile 2.700% due 01/10/2025		700	671
Empresa de Transporte de Pasajeros Metro SA
3.650% due 05/07/2030		500	451
4.700% due 05/07/2050		1,000	828
			2,708
SOVEREIGN ISSUES 2.8%
Chile Government International Bond
1.625% due 01/30/2025	EUR	7,000	7,150
3.100% due 01/22/2061	$	500	339
4.340% due 03/07/2042		5,000	4,461
			11,950
Total Chile (Cost $16,174)			14,658
COLOMBIA 0.2%
CORPORATE BONDS & NOTES 0.1%
Ecopetrol SA 5.375% due 06/26/2026	$	560	519
SOVEREIGN ISSUES 0.1%
Colombia Government International Bond
2.625% due 03/15/2023		500	492
3.125% due 04/15/2031		200	148
			640
Total Colombia (Cost $1,235)			1,159
DOMINICAN REPUBLIC 1.1%
SOVEREIGN ISSUES 1.1%
Dominican Republic International Bond
4.875% due 09/23/2032	$	2,500	1,930
5.500% due 01/27/2025		2,000	1,990
5.950% due 01/25/2027		200	192
6.875% due 01/29/2026		400	409
Total Dominican Republic (Cost $5,413)			4,521
INDIA 1.0%
CORPORATE BONDS & NOTES 1.0%
Adani Electricity Mumbai Ltd. 3.949% due 02/12/2030	$	3,000	2,453
Adani Renewable Energy RJ Ltd. 4.625% due 10/15/2039		918	686
Adani Transmission Step-One Ltd. 4.000% due 08/03/2026		1,000	943
Total India (Cost $4,979)			4,082
INDONESIA 5.7%
CORPORATE BONDS & NOTES 2.6%
Pelabuhan Indonesia Persero PT
4.250% due 05/05/2025	$	2,000	1,975
4.500% due 05/02/2023		8,000	8,010
Perusahaan Penerbit SBSN Indonesia 2.300% due 06/23/2025		1,000	950
			10,935
SOVEREIGN ISSUES 3.1%
Indonesia Government International Bond
3.500% due 02/14/2050		5,000	3,975
4.750% due 07/18/2047		755	697
5.125% due 01/15/2045		1,865	1,791
5.250% due 01/17/2042		500	490
5.250% due 01/08/2047		1,249	1,217
5.950% due 01/08/2046		918	966

Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

6.750% due 01/15/2044		2,400	2,775
7.750% due 01/17/2038		1,025	1,222
			13,133
Total Indonesia (Cost $27,467)			24,068
ISRAEL 2.1%
SOVEREIGN ISSUES 2.1%
Israel Government International Bond
3.375% due 01/15/2050	$	5,400	4,378
3.875% due 07/03/2050		5,000	4,408
Total Israel (Cost $11,778)			8,786
IVORY COAST 0.8%
SOVEREIGN ISSUES 0.8%
Ivory Coast Government International Bond
5.250% due 03/22/2030	EUR	2,300	1,895
5.875% due 10/17/2031		2,000	1,647
Total Ivory Coast (Cost $4,696)			3,542
LUXEMBOURG 0.3%
CORPORATE BONDS & NOTES 0.3%
Gazprom PJSC Via Gaz Capital SA 4.950% due 07/19/2022	$	1,600	1,240
Total Luxembourg (Cost $1,601)			1,240
MALAYSIA 0.8%
CORPORATE BONDS & NOTES 0.8%
Petronas Capital Ltd.
3.500% due 04/21/2030	$	2,300	2,166
4.550% due 04/21/2050		500	479
4.800% due 04/21/2060		200	196
Petronas Energy Canada Ltd. 2.112% due 03/23/2028		500	451
Total Malaysia (Cost $3,580)			3,292
MAURITIUS 1.1%
CORPORATE BONDS & NOTES 1.1%
Greenko Solar Mauritius Ltd.
5.550% due 01/29/2025	$	3,000	2,820
5.950% due 07/29/2026		2,000	1,788
Total Mauritius (Cost $5,118)			4,608
MEXICO 5.6%
CORPORATE BONDS & NOTES 2.8%
Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa 4.125% due 06/06/2024	$	2,000	1,979
BBVA Bancomer SA 6.750% due 09/30/2022		7,600	7,626
Coca-Cola Femsa SAB de CV 1.850% due 09/01/2032		2,000	1,556
Petroleos Mexicanos
6.700% due 02/16/2032		498	381
7.690% due 01/23/2050		500	342
			11,884
SOVEREIGN ISSUES 2.8%
Mexico Government International Bond
1.350% due 09/18/2027	EUR	300	278
4.750% due 04/27/2032	$	3,000	2,883

Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

5.000% due 04/27/2051		10,300	8,586
			11,747
Total Mexico (Cost $27,320)			23,631
OMAN 0.2%
SOVEREIGN ISSUES 0.2%
Oman Government International Bond 4.125% due 01/17/2023	$	900	900
Total Oman (Cost $902)			900
PARAGUAY 0.2%
SOVEREIGN ISSUES 0.2%
Paraguay Government International Bond 4.950% due 04/28/2031	$	1,000	927
Total Paraguay (Cost $1,153)			927
PERU 10.3%
SOVEREIGN ISSUES 10.3%
Peru Government International Bond
2.392% due 01/23/2026	$	1,000	931
2.783% due 01/23/2031		1,000	853
5.350% due 08/12/2040	PEN	34,100	6,677
5.400% due 08/12/2034		48,000	10,131
5.625% due 11/18/2050	$	2,680	2,784
5.940% due 02/12/2029	PEN	82,000	19,581
6.150% due 08/12/2032		8,500	1,965
6.350% due 08/12/2028		3,500	862
Total Peru (Cost $59,677)			43,784
QATAR 5.0%
SOVEREIGN ISSUES 5.0%
Qatar Government International Bond
3.375% due 03/14/2024	$	2,400	2,394
3.400% due 04/16/2025		3,200	3,189
3.750% due 04/16/2030		4,800	4,769
3.875% due 04/23/2023		300	301
4.000% due 03/14/2029		3,200	3,232
4.400% due 04/16/2050		2,000	1,914
4.500% due 04/23/2028		2,000	2,075
4.817% due 03/14/2049		1,200	1,211
5.103% due 04/23/2048		2,000	2,100
Total Qatar (Cost $21,722)			21,185
SAUDI ARABIA 0.4%
SOVEREIGN ISSUES 0.4%
Saudi Government International Bond
2.875% due 03/04/2023	$	200	200
3.250% due 10/26/2026		400	391
4.000% due 04/17/2025		1,000	1,008
Total Saudi Arabia (Cost $1,708)			1,599
SERBIA 3.4%
SOVEREIGN ISSUES 3.4%
Serbia Government International Bond
1.000% due 09/23/2028	EUR	3,000	2,297
1.500% due 06/26/2029		5,400	4,108
1.650% due 03/03/2033		150	99
2.050% due 09/23/2036		2,500	1,550
3.125% due 05/15/2027		6,900	6,344
Total Serbia (Cost $21,388)			14,398
SOUTH AFRICA 12.4%
SOVEREIGN ISSUES 12.4%
South Africa Government International Bond
4.875% due 04/14/2026	$	200	190
5.750% due 09/30/2049		400	275
10.500% due 12/21/2026	ZAR	806,000	52,463

Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Total South Africa (Cost $56,852)			52,928
THAILAND 0.2%
CORPORATE BONDS & NOTES 0.2%
Bangkok Bank PCL 3.875% due 09/27/2022	$	800	801
Total Thailand (Cost $803)			801
UNITED ARAB EMIRATES 2.4%
SOVEREIGN ISSUES 2.4%
Emirate of Abu Dhabi Government International Bond
1.700% due 03/02/2031	$	2,100	1,768
2.700% due 09/02/2070		4,500	3,026
3.125% due 04/16/2030		4,900	4,659
3.875% due 04/16/2050		793	706
Total United Arab Emirates (Cost $12,683)			10,159
UNITED STATES 3.0%
ASSET-BACKED SECURITIES 0.0%
GSAA Home Equity Trust 2.224% due 03/25/2037 •	$	190	87
Morgan Stanley Mortgage Loan Trust 2.344% (US0001M + 0.720%) due 04/25/2037 ~		217	79
			166
CORPORATE BONDS & NOTES 2.9%
DAE Funding LLC 1.625% due 02/15/2024		3,000	2,843
Rio Oil Finance Trust
8.200% due 04/06/2028		537	559
9.250% due 07/06/2024		4,154	4,308
9.750% due 01/06/2027		4,294	4,580
			12,290
NON-AGENCY MORTGAGE-BACKED SECURITIES 0.1%
Banc of America Mortgage Trust 2.733% due 02/25/2036 ^~		6	6
Chase Mortgage Finance Trust 3.342% due 03/25/2037 ^~		15	15
Citigroup Mortgage Loan Trust
2.360% due 03/25/2034 ~		3	3
2.585% due 07/25/2046 ^~		9	8
Countrywide Home Loan Mortgage Pass-Through Trust
2.177% due 10/20/2035 ~		2	2
2.920% due 09/25/2047 ^~		6	6
HarborView Mortgage Loan Trust 3.401% due 08/19/2036 ^~		1	1
Luminent Mortgage Trust 1.984% (US0001M + 0.360%) due 12/25/2036 ^~		8	7
MASTR Adjustable Rate Mortgages Trust 2.104% (US0001M + 0.480%) due 05/25/2037 ~		92	44
Merrill Lynch Alternative Note Asset Trust
2.224% (US0001M + 0.600%) due 03/25/2037 ~		229	73
2.950% due 06/25/2037 ^~		97	61
Merrill Lynch Mortgage-Backed Securities Trust 2.731% due 04/25/2037 ^~		20	19
Morgan Stanley Mortgage Loan Trust 2.535% due 06/25/2036 ~		3	3
Sequoia Mortgage Trust 2.224% due 01/20/2047 ^~		7	5
WaMu Mortgage Pass-Through Certificates Trust
2.550% due 01/25/2037 ^~		19	17
2.713% due 12/25/2036 ^~		11	10
2.742% due 04/25/2037 ^~		12	11
2.856% due 09/25/2036 ^~		17	16
3.196% due 12/25/2036 ^~		37	35

Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

3.340% due 05/25/2037 ^~		23		19
				361
Total United States (Cost $13,227)				12,817
SHORT-TERM INSTRUMENTS 29.7%
REPURCHASE AGREEMENTS (f) 9.2%				39,374
ISRAEL TREASURY BILLS 5.0%
0.158% due 08/03/2022 - 05/03/2023 (b)(c)	ILS	74,400		21,228
U.S. TREASURY BILLS 14.6%
0.772% due 07/07/2022 - 09/01/2022 (b)(c)(i)	$	62,302		62,246
U.S. TREASURY CASH MANAGEMENT BILLS 0.9%
1.416% due 10/04/2022 (c)(d)(i)	$	4,000		3,981
Total Short-Term Instruments (Cost $128,537)				126,829
Total Investments in Securities (Cost $469,476)				414,202
		SHARES
INVESTMENTS IN AFFILIATES 3.4%
SHORT-TERM INSTRUMENTS 3.4%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 3.4%
PIMCO Short-Term Floating NAV Portfolio III		1,496,618		14,523
Total Short-Term Instruments (Cost $14,673)				14,523
Total Investments in Affiliates (Cost $14,673)				14,523
Total Investments 100.6% (Cost $484,149)			$	428,725
Financial Derivative Instruments(g)(h)(2.0)%(Cost or Premiums, net $(7,385))				(8,586)
Other Assets and Liabilities, net (1.4)%				5,929
Net Assets 100.0%			$	426,068

Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio(Cont.) June 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.
~	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)	Coupon represents a weighted average yield to maturity.
(c)	Zero coupon security.
(d)	Coupon represents a yield to maturity.
(e)	Perpetual maturity; date shown, if applicable, represents next contractual call date.
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)
BSN			1.490%	06/30/2022		07/01/2022			$	37,500			U.S. Treasury Notes 1.375% due 10/31/2028											$				(38,332)				$				37,500			$		37,502
FICC			0.400	06/30/2022		07/01/2022				1,874			U.S. Treasury Notes 3.000% due 06/30/2024															(1,911)								1,874					1,874
Total Repurchase Agreements																								$				(40,243)				$				39,374			$		39,376
(1)	Includes accrued interest.
(g)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
SWAP AGREEMENTS:
INTEREST RATE SWAPS
																													Variation Margin
Pay/ Receive Floating Rate		Floating Rate Index			Fixed Rate		Payment Frequency	Maturity Date				Notional Amount					Premiums Paid/ (Received)				Unrealized Appreciation/ (Depreciation)					Market Value									Asset							Liability
Pay		1-Year BRL-CDI			10.665%		Maturity	01/02/2024			BRL	81,600			$		0		$		(519)		$			(519)					$				22			$				0
Pay		1-Year BRL-CDI			10.755		Maturity	01/02/2024				312,600					0				(1,903)					(1,903)									84							0
Pay		1-Year BRL-CDI			10.833		Maturity	01/02/2024				62,700					0				(368)					(368)									17							0
Pay		1-Year BRL-CDI			10.995		Maturity	01/02/2024				178,800					0				(953)					(953)									48							0
Pay		1-Year BRL-CDI			11.065		Maturity	01/02/2024				120,000					0				(604)					(604)									32							0
Pay		1-Year BRL-CDI			11.113		Maturity	01/02/2024				3,900					0				(19)					(19)									1							0
Pay		1-Year BRL-CDI			10.838		Maturity	01/02/2025				30,900					0				(198)					(198)									14							0
Pay		1-Year BRL-CDI			11.023		Maturity	01/02/2025				82,800					0				(469)					(469)									38							0
Pay		1-Year BRL-CDI			11.092		Maturity	01/02/2025				93,300					0				(502)					(502)									43							0
Pay		1-Year BRL-CDI			11.212		Maturity	01/02/2025				90,800					0				(445)					(445)									42							0
Pay		1-Year BRL-CDI			12.235		Maturity	01/02/2025				290,000					0				(437)					(437)									132							0
Pay		1-Year BRL-CDI			12.400		Maturity	01/02/2025				40,000					0				(39)					(39)									18							0
Pay		1-Year BRL-CDI			10.120		Maturity	01/04/2027				32,100					0				(405)					(405)									21							0
Pay		1-Year BRL-CDI			10.206		Maturity	01/04/2027				132,400					0				(1,604)					(1,604)									84							0
Pay		1-Year BRL-CDI			12.165		Maturity	01/04/2027				30,000					0				(55)					(55)									17							0
Pay		1-Year BRL-CDI			12.316		Maturity	01/04/2027				101,000					0				(110)					(110)									58							0
Total Swap Agreements														$		0		$		(8,630)		$			(8,630)					$				671			$				0
Cash of $7,323 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2022.
(h)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER

Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

FORWARD FOREIGN CURRENCY CONTRACTS:
						Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Month		Currency to be Delivered		Currency to be Received				Asset				Liability
BOA	07/2022	PEN	37,485	$	9,288		$		0		$		(482)
	07/2022	ZAR	331,625		22,050				1,701				0
	08/2022	$	3,000	BRL	15,864				0				(6)
	08/2022		10,369	MXN	210,486				32				0
	08/2022		2,898	PEN	11,186				15				0
	09/2022	PEN	82,428	$	19,594				0				(1,747)
	11/2022		52,650		12,780				0				(789)
	02/2023		11,187		2,849				0				(18)
BPS	07/2022	BRL	9,600		1,673				0				(161)
	07/2022	$	1,823	BRL	9,600				11				0
	07/2022		30,253	EUR	28,763				0				(111)
	08/2022	EUR	28,763	$	30,308				110				0
	08/2022	INR	7,143		92				1				0
	08/2022	$	14,000	BRL	72,634				0				(270)
BSH	07/2022	BRL	71,400	$	12,884				0				(759)
	07/2022	$	13,355	BRL	71,400				288				0
	10/2022	BRL	60,700	$	10,589				0				(715)
	10/2022	$	6,893	BRL	34,600				0				(449)
CBK	07/2022	BRL	36,299	$	6,930				0				(6)
	07/2022	PEN	18,313		4,630				0				(149)
	07/2022	$	12,563	BRL	62,985				0				(551)
	07/2022		5,820	PEN	22,080				11				(73)
	08/2022	ILS	14,434	$	4,194				55				0
	08/2022	PEN	32,034		8,378				85				(45)
	08/2022	$	3,000	BRL	15,861				0				(7)
	08/2022		2,285	PEN	8,817				10				0
	10/2022	PEN	23,349	$	5,907				0				(126)
	11/2022		23,877		6,043				0				(118)
	12/2022		46,921		11,188				0				(890)
	04/2023		8,691		2,201				0				(15)
	05/2023	ILS	14,843		4,384				45				0
DUB	08/2022	BRL	57,670		11,000				108				0
	02/2023	ZAR	100,531		6,020				0				(23)
GLM	07/2022	BRL	26,724		5,009				0				(97)
	07/2022	$	5,150	BRL	26,724				0				(43)
	07/2022		3,925	PEN	14,850				7				(59)
	08/2022	BRL	61,776	$	11,867				185				0
	08/2022	$	584	PEN	2,193				0				(13)
	10/2022	BRL	8,900	$	1,555				0				(102)
	10/2022	$	7,249	BRL	37,700				0				(228)
	11/2022	ILS	44,995	$	14,574				1,579				0
	05/2023	ZAR	176,687		10,573				50				0
HUS	08/2022	BRL	31,795		6,091				83				0
	08/2022	CLP	35,727,658		42,637				3,977				0
	08/2022	CNH	296,331		44,130				0				(129)
	08/2022	$	6,182	BRL	30,354				0				(477)
	05/2023	CNH	156,658	$	23,343				0				(101)
JPM	07/2022	BRL	7,000		1,274				0				(64)
	07/2022	$	1,322	BRL	7,000				15				0
	07/2022		42,658	CLP	36,664,488				0				(2,784)
	08/2022	CNH	130,273	$	19,373				0				(84)
	08/2022	$	6,091	BRL	31,825				0				(77)
	08/2022		49	KRW	61,743				0				(1)
	08/2022		10,240	PEN	38,949				0				(104)
	10/2022	BRL	5,000	$	863				0				(68)
MYI	07/2022		53,422		10,182				8				0
	08/2022		30,335		6,182				481				0
	08/2022	INR	11,998		153				2				0
	08/2022	$	63	KRW	79,915				0				(1)
RBC	08/2022		8,383	PEN	31,369				0				(220)
	09/2022	MXN	521,077	$	25,324				0				(282)
SCX	07/2022	BRL	51,323		10,000				193				0
	07/2022	$	12,344	BRL	64,621				9				(10)
	07/2022		896	PEN	3,387				0				(13)
	07/2022	ZAR	122,419	$	8,068				556				0
	08/2022	CNH	525,655		78,470				8				(48)
	11/2022	PEN	3,014		727				0				(49)
SOG	07/2022	EUR	28,763		30,915				773				0
UAG	07/2022	$	2,545	BRL	13,305				0				(9)
	07/2022		2,676	ZAR	43,060				0				(34)
	09/2022		19,963	MXN	397,791				0				(416)
	11/2022	ZAR	194,689	$	11,917				108				0
Total Forward Foreign Currency Contracts						$		10,506		$		(13,023)

Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

WRITTEN OPTIONS:
FOREIGN CURRENCY OPTIONS
Counterparty			Description							Strike Price			Expiration Date			Notional Amount(1)				Premiums (Received)							Market Value
DUB			Call - OTC USD versus BRL					BRL		5.590			08/05/2022			25,000		$		(426)						$	(183)
			Call - OTC USD versus BRL							5.720			08/12/2022			30,000				(492)							(174)
GLM			Call - OTC USD versus BRL							5.610			08/08/2022			45,000				(764)							(337)
MBC			Call - OTC USD versus BRL							5.615			08/09/2022			30,000				(465)							(228)
MYI			Call - OTC USD versus BRL							5.555			07/08/2022			25,000				(351)							(16)
			Call - OTC USD versus BRL							5.620			07/18/2022			25,000				(374)							(53)
			Call - OTC USD versus BRL							5.365			07/26/2022			30,000				(478)							(396)
			Call - OTC USD versus BRL							5.288			08/29/2022			30,000				(503)							(1,012)
Total Written Options																		$		(3,853)						$	(2,399)
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 June 30, 2022(3)					Notional Amount(4)			Premiums Paid/(Received)				Unrealized Appreciation/ (Depreciation)				Asset				Liability
BOA		Chile Government International Bond		1.000%	Quarterly	12/20/2025			0.857%			$		6,000	$		142		$		(97)		$		45			$	0
		South Africa Government International Bond		1.000	Quarterly	12/20/2026			3.013					400			(17)				(14)				0				(31)
BPS		Colombia Government International Bond		1.000	Quarterly	06/20/2027			2.912					4,600			(221)				(161)				0				(382)
BRC		Chile Government International Bond		1.000	Quarterly	12/20/2025			0.857					5,700			136				(93)				43				0
		Colombia Government International Bond		1.000	Quarterly	12/20/2026			2.726					2,110			(100)				(45)				0				(145)
CBK		Colombia Government International Bond		1.000	Quarterly	12/20/2026			2.726					2,300			(116)				(42)				0				(158)
		Colombia Government International Bond		1.000	Quarterly	06/20/2027			2.912					2,100			(75)				(99)				0				(174)
GST		Colombia Government International Bond		1.000	Quarterly	06/20/2027			2.912					11,200			(497)				(432)				0				(929)
JPM		Colombia Government International Bond		1.000	Quarterly	06/20/2027			2.912					300			(12)				(13)				0				(25)
		South Africa Government International Bond		1.000	Quarterly	12/20/2023			2.075					24,400			(1,356)				1,050				0				(306)
MYC		Colombia Government International Bond		1.000	Quarterly	06/20/2027			2.912					14,600			(694)				(518)				0				(1,212)
		South Africa Government International Bond		1.000	Quarterly	12/20/2026			3.013					12,700			(561)				(443)				0				(1,004)
NGF		South Africa Government International Bond		1.000	Quarterly	12/20/2023			2.075					5,000			(161)				98				0				(63)
Total Swap Agreements															$		(3,532)		$		(809)		$		88			$	(4,429)
(i)	Securities with an aggregate market value of $16,286 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2022.
(1)	Notional Amount represents the number of contracts.
(2)	If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3)	Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on 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 Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(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.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory							Level 1				Level 2						Level 3					Fair Value at 06/30/2022

Schedule of Investments PIMCO EM Bond and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Investments in Securities, at Value
Argentina
	Sovereign Issues	$	0	$	1,817	$	0	$	1,817
Bahrain
	Sovereign Issues		0		1,001		0		1,001
Brazil
	Corporate Bonds & Notes		0		17,982		0		17,982
	Sovereign Issues		0		3,590		0		3,590
Cayman Islands
	Corporate Bonds & Notes		0		9,898		0		9,898
Chile
	Corporate Bonds & Notes		0		2,708		0		2,708
	Sovereign Issues		0		11,950		0		11,950
Colombia
	Corporate Bonds & Notes		0		519		0		519
	Sovereign Issues		0		640		0		640
Dominican Republic
	Sovereign Issues		0		4,521		0		4,521
India
	Corporate Bonds & Notes		0		4,082		0		4,082
Indonesia
	Corporate Bonds & Notes		0		10,935		0		10,935
	Sovereign Issues		0		13,133		0		13,133
Israel
	Sovereign Issues		0		8,786		0		8,786
Ivory Coast
	Sovereign Issues		0		3,542		0		3,542
Luxembourg
	Corporate Bonds & Notes		0		1,240		0		1,240
Malaysia
	Corporate Bonds & Notes		0		3,292		0		3,292
Mauritius
	Corporate Bonds & Notes		0		4,608		0		4,608
Mexico
	Corporate Bonds & Notes		0		11,884		0		11,884
	Sovereign Issues		0		11,747		0		11,747
Oman
	Sovereign Issues		0		900		0		900
Paraguay
	Sovereign Issues		0		927		0		927
Peru
	Sovereign Issues		0		43,784		0		43,784
Qatar
	Sovereign Issues		0		21,185		0		21,185
Saudi Arabia
	Sovereign Issues		0		1,599		0		1,599
Serbia
	Sovereign Issues		0		14,398		0		14,398
South Africa
	Sovereign Issues		0		52,928		0		52,928
Thailand
	Corporate Bonds & Notes		0		801		0		801
United Arab Emirates
	Sovereign Issues		0		10,159		0		10,159
United States
	Asset-Backed Securities		0		166		0		166
	Corporate Bonds & Notes		0		12,290		0		12,290
	Non-Agency Mortgage-Backed Securities		0		361		0		361
Short-Term Instruments
	Repurchase Agreements		0		39,374		0		39,374
	Israel Treasury Bills		0		21,228		0		21,228
	U.S. Treasury Bills		0		62,246		0		62,246
	U.S. Treasury Cash Management Bills		0		3,981		0		3,981
		$	0	$	414,202	$	0	$	414,202
Investments in Affiliates, at Value
Short-Term Instruments
	Central Funds Used for Cash Management Purposes	$	14,523	$	0	$	0	$	14,523
Total Investments		$	14,523	$	414,202	$	0	$	428,725
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared			0		671		0		671
Over the counter			0		10,594		0		10,594
		$	0	$	11,265	$	0	$	11,265
Financial Derivative Instruments - Liabilities
Over the counter		$	0	$	(19,851)	$	0	$	(19,851)
Total Financial Derivative Instruments		$	0	$	(8,586)	$	0	$	(8,586)
Totals		$	14,523	$	405,616	$	0	$	420,139
There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio June 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 82.5% ¤
LOAN PARTICIPATIONS AND ASSIGNMENTS 8.8%
Adient U.S. LLC 4.916% (LIBOR01M + 3.250%) due 04/10/2028 ~	$	591	$	552
AmSurg Corp. 13.000% due 04/30/2028 «		2,629		2,445
Cerba Healthcare SAS 4.000% (EUR003M + 4.000%) due 02/15/2029 ~	EUR	2,200		2,125
CQP Holdco LP 6.000% (LIBOR03M + 3.750%) due 06/05/2028 ~	$	6,806		6,460
Envision Healthcare Corp. 8.875% due 04/30/2027		1,700		1,679
Intelsat Jackson Holdings SA 4.920% due 02/01/2029		535		491
Medline Borrower LP 4.916% (LIBOR01M + 3.250%) due 10/23/2028 ~		798		742
MPH Acquisition Holdings LLC 5.825% (LIBOR03M + 4.250%) due 09/01/2028 ~		1,533		1,418
Redstone Holdco 2 LP 5.934% (LIBOR03M + 4.750%) due 04/27/2028 ~		1,785		1,547
RegionalCare Hospital Partners Holdings, Inc. 5.416% (LIBOR01M + 3.750%) due 11/16/2025 ~		1,182		1,105
Viad Corp. 6.666% (LIBOR01M + 5.000%) due 07/30/2028 «~		1,995		1,875
Total Loan Participations and Assignments (Cost $24,333)				20,439
CORPORATE BONDS & NOTES 61.3%
BANKING & FINANCE 14.6%
Armor Holdco, Inc. 8.500% due 11/15/2029		1,000		828
Banca Monte dei Paschi di Siena SpA
3.625% due 09/24/2024	EUR	200		194
8.500% due 09/10/2030 •		13,400		9,298
Brookfield Property REIT, Inc. 4.500% due 04/01/2027	$	2,500		2,077
Country Garden Holdings Co. Ltd.
3.125% due 10/22/2025		600		295
3.875% due 10/22/2030		400		169
Curo Group Holdings Corp. 7.500% due 08/01/2028		1,150		725
Cushman & Wakefield U.S. Borrower LLC 6.750% due 05/15/2028		925		861
Doric Nimrod Air Alpha Pass-Through Trust 5.250% due 05/30/2025		25		25
Doric Nimrod Air Finance Alpha Ltd. Pass-Through Trust 5.125% due 11/30/2024		15		14
Enact Holdings, Inc. 6.500% due 08/15/2025		950		898
First Citizens BancShares, Inc. 5.801% (US0003M + 3.972%) due 01/04/2027 ~(d)		350		327
Fortress Transportation & Infrastructure Investors LLC
5.500% due 05/01/2028		1,350		1,118
6.500% due 10/01/2025		450		425
Freedom Mortgage Corp.
6.625% due 01/15/2027		4,500		3,341
8.250% due 04/15/2025		1,644		1,386
Huarong Finance Co. Ltd. 4.950% due 11/07/2047		400		282
Jane Street Group 4.500% due 11/15/2029		2,150		1,917
KWG Group Holdings Ltd. 5.875% due 11/10/2024		1,000		201
Nationstar Mortgage Holdings, Inc.
5.125% due 12/15/2030		400		300
5.500% due 08/15/2028		1,975		1,587
Navient Corp. 5.625% due 08/01/2033		2,300		1,601
Park Intermediate Holdings LLC 7.500% due 06/01/2025		2,425		2,423
PennyMac Financial Services, Inc. 5.750% due 09/15/2031		500		374

Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Powerlong Real Estate Holdings Ltd. 5.950% due 04/30/2025		1,000	160
Sitka Holdings LLC 6.750% due 07/06/2026 •		850	823
Starwood Property Trust, Inc.
3.625% due 07/15/2026		400	340
4.375% due 01/15/2027		800	696
Sunac China Holdings Ltd.
5.950% due 04/26/2024 ^(b)		1,500	229
7.000% due 07/09/2025 ^(b)		4,700	705
Voyager Aviation Holdings LLC 8.500% due 05/09/2026		293	262
			33,881
INDUSTRIALS 43.7%
ADT Security Corp. 4.125% due 08/01/2029		1,000	814
Allison Transmission, Inc. 3.750% due 01/30/2031		1,200	964
Altice France SA 5.500% due 10/15/2029		2,700	2,071
American Airlines Pass-Through Trust 3.375% due 11/01/2028		65	58
American Airlines, Inc. 5.500% due 04/20/2026		500	461
Bausch Health Cos., Inc. 6.250% due 02/15/2029		2,000	1,070
BCPE Empire Holdings, Inc. 7.625% due 05/01/2027		1,200	979
Bombardier, Inc. 7.125% due 06/15/2026		500	414
CCO Holdings LLC
4.250% due 01/15/2034		850	660
4.500% due 06/01/2033		1,300	1,027
4.750% due 02/01/2032		500	411
Cheplapharm Arzneimittel GmbH 3.500% due 02/11/2027	EUR	2,300	2,061
Chobani LLC 7.500% due 04/15/2025	$	800	736
CNX Resources Corp. 7.250% due 03/14/2027		1,200	1,178
CommScope Technologies LLC 5.000% due 03/15/2027		1,200	889
Community Health Systems, Inc.
5.250% due 05/15/2030		1,200	914
5.625% due 03/15/2027		1,400	1,189
6.000% due 01/15/2029		800	664
6.125% due 04/01/2030		3,700	2,266
Constellation Oil Services Holding SA 13.500% due 06/30/2025 «		1,022	1,025
Constellation Oil Services Holding SA (3.000% Cash or 4.000% PIK) 3.000% due 12/31/2026 «(a)		2,532	1,870
Coty, Inc. 4.750% due 01/15/2029		1,025	882
CT Trust 5.125% due 02/03/2032		1,200	964
DaVita, Inc. 4.625% due 06/01/2030		2,950	2,310
Dell, Inc. 6.500% due 04/15/2038		14,440	14,576
Deluxe Corp. 8.000% due 06/01/2029		850	694
Diamond Sports Group LLC 5.375% due 08/15/2026		500	126
Dufry One BV 2.000% due 02/15/2027	EUR	1,500	1,184
Endo Dac 5.875% due 10/15/2024	$	2,200	1,683
Endo Luxembourg Finance Co. SARL 6.125% due 04/01/2029		1,600	1,213
Ford Motor Co. 4.750% due 01/15/2043		800	572
Frontier Communications Holdings LLC
5.000% due 05/01/2028		400	341
6.000% due 01/15/2030		1,000	772
8.750% due 05/15/2030		1,200	1,216
Full House Resorts, Inc. 8.250% due 02/15/2028		1,800	1,441
Garda World Security Corp. 6.000% due 06/01/2029		3,200	2,465
GFL Environmental, Inc. 3.500% due 09/01/2028		1,250	1,074
Gruenenthal GmbH 4.125% due 05/15/2028	EUR	3,800	3,425

Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Helios Software Holdings, Inc. 4.625% due 05/01/2028	$	2,200	1,749
Hilton Domestic Operating Co., Inc.
3.625% due 02/15/2032		800	637
4.000% due 05/01/2031		1,500	1,251
Hudbay Minerals, Inc. 6.125% due 04/01/2029		1,550	1,259
iHeartCommunications, Inc.
6.375% due 05/01/2026		305	283
8.375% due 05/01/2027		1,733	1,381
IHO Verwaltungs GmbH (4.750% Cash or 5.500% PIK) 4.750% due 09/15/2026 (a)		300	258
Intelsat Jackson Holdings SA 6.500% due 03/15/2030		1,898	1,571
Jaguar Land Rover Automotive PLC 5.875% due 01/15/2028		1,150	880
Kronos Acquisition Holdings, Inc. 7.000% due 12/31/2027		200	150
Level 3 Financing, Inc.
3.625% due 01/15/2029		2,500	1,932
4.250% due 07/01/2028		925	744
Medline Borrower LP 3.875% due 04/01/2029		1,000	855
MEDNAX, Inc. 5.375% due 02/15/2030		1,550	1,330
Melco Resorts Finance Ltd.
4.875% due 06/06/2025		600	449
5.375% due 12/04/2029		1,700	1,029
5.750% due 07/21/2028		600	387
MPH Acquisition Holdings LLC 5.500% due 09/01/2028		900	804
Occidental Petroleum Corp. 8.875% due 07/15/2030		2,500	2,875
Pactiv Evergreen Group Issuer, Inc. 4.000% due 10/15/2027		1,550	1,328
Par Pharmaceutical, Inc. 7.500% due 04/01/2027		2,607	1,989
PDC Energy, Inc. 5.750% due 05/15/2026		850	794
Petroleos de Venezuela SA
5.375% due 04/12/2027 ^(b)		1,250	75
5.500% due 04/12/2037 ^(b)		1,250	75
PetSmart, Inc. 7.750% due 02/15/2029		1,000	903
Prime Security Services Borrower LLC 3.375% due 08/31/2027		1,150	951
Rackspace Technology Global, Inc. 5.375% due 12/01/2028		500	327
Radiate Holdco LLC 4.500% due 09/15/2026		1,275	1,101
Renault SA 2.000% due 09/28/2026	EUR	1,100	934
Resolute Forest Products, Inc. 4.875% due 03/01/2026	$	900	816
Sabre Global, Inc. 9.250% due 04/15/2025		3,050	2,945
Stagwell Global LLC 5.625% due 08/15/2029		400	322
Standard Industries, Inc.
3.375% due 01/15/2031		1,200	887
4.375% due 07/15/2030		1,600	1,265
Studio City Finance Ltd. 5.000% due 01/15/2029		800	415
Tempo Acquisition LLC 5.750% due 06/01/2025		700	660
Tenet Healthcare Corp.
6.125% due 10/01/2028		1,700	1,460
6.125% due 06/15/2030		1,500	1,388
Travel & Leisure Co. 6.000% due 04/01/2027		600	544
U.S. Renal Care, Inc. 10.625% due 07/15/2027		900	340
Virtusa Corp. 7.125% due 12/15/2028		500	403
Williams Scotsman International, Inc. 4.625% due 08/15/2028		1,775	1,516
WMG Acquisition Corp. 3.000% due 02/15/2031		1,050	816
Wynn Las Vegas LLC 5.250% due 05/15/2027		400	343
Wynn Macau Ltd.
5.500% due 10/01/2027		1,000	649
5.625% due 08/26/2028		1,900	1,175

Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Yum! Brands, Inc. 4.625% due 01/31/2032		800	709
			101,613
UTILITIES 3.0%
Calpine Corp.
3.750% due 03/01/2031		700	571
5.000% due 02/01/2031		700	567
EP Infrastructure AS 1.698% due 07/30/2026	EUR	1,500	1,104
Genesis Energy LP 8.000% due 01/15/2027	$	1,200	1,065
NSG Holdings LLC 7.750% due 12/15/2025		758	747
Odebrecht Drilling Norbe Ltd. (6.350% Cash and 1.000% PIK) 7.350% due 12/01/2026 ^(a)		1,021	630
Odebrecht Offshore Drilling Finance Ltd. 6.720% due 12/01/2022 ^		21	20
Odebrecht Offshore Drilling Finance Ltd. (6.720% Cash and 1.000% PIK) 7.720% due 12/01/2026 ^(a)		858	215
Terraform Global Operating LLC 6.125% due 03/01/2026		1,100	1,048
TerraForm Power Operating LLC 5.000% due 01/31/2028		1,000	908
			6,875
Total Corporate Bonds & Notes (Cost $177,924)			142,369
MUNICIPAL BONDS & NOTES 0.1%
FLORIDA 0.1%
Sunrise, Florida Special Assessment Notes, Series 2015 4.800% due 05/01/2025		285	281
Total Municipal Bonds & Notes (Cost $285)			281
NON-AGENCY MORTGAGE-BACKED SECURITIES 0.7%
Adjustable Rate Mortgage Trust 3.268% due 10/25/2035 ~		59	45
American Home Mortgage Assets Trust
1.396% due 11/25/2046 •		517	169
6.750% due 06/25/2037 ^þ		85	74
Banc of America Funding Trust 3.034% due 03/20/2036 ^~		54	50
Bear Stearns ALT-A Trust 3.257% due 01/25/2035 ~		2	2
Citigroup Mortgage Loan Trust 2.480% (H15T1Y + 2.400%) due 11/25/2035 ~		35	34
Countrywide Alternative Loan Trust
1.476% due 12/25/2035 •		26	23
1.984% due 05/25/2047 •		13	11
2.032% (US0001M + 0.420%) due 03/20/2046 ~		23	18
2.737% due 10/25/2035 ^~		19	17
Countrywide Home Loan Mortgage Pass-Through Trust
2.264% due 03/25/2035 •		73	67
6.000% due 05/25/2036 ^		42	23
Downey Savings & Loan Association Mortgage Loan Trust 2.112% due 02/19/2045 •		5	5
First Horizon Alternative Mortgage Securities Trust
2.448% due 09/25/2035 ^~		98	89
6.000% due 05/25/2036 ^		47	25
GMAC Mortgage Corp. Loan Trust 2.900% due 04/19/2036 ^~		101	81
GSR Mortgage Loan Trust
2.763% due 04/25/2035 ~		1	1
3.049% due 11/25/2035 ~		8	8
HarborView Mortgage Loan Trust
1.802% (US0001M + 0.190%) due 01/19/2038 ~		14	12
2.075% due 03/19/2036 ^•		198	188
IndyMac INDX Mortgage Loan Trust 2.926% due 09/25/2035 ^~		31	28
JP Morgan Mortgage Trust
2.947% due 07/25/2035 ~		25	24
3.043% due 07/27/2037 ~		143	134
6.000% due 08/25/2037 ^		60	36
Residential Accredit Loans, Inc. Trust
1.954% (US0001M + 0.330%) due 03/25/2037 ~		260	51
5.404% due 02/25/2036 ^~		133	110
Residential Asset Securitization Trust 6.000% due 05/25/2037 ^		52	35
Structured Asset Mortgage Investments Trust 2.064% due 05/25/2036 •		14	12

Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

WaMu Mortgage Pass-Through Certificates Trust
1.246% due 05/25/2047 •	173	157
2.521% due 10/25/2036 ^~	63	59
3.368% due 07/25/2037 ^~	67	64
Total Non-Agency Mortgage-Backed Securities (Cost $1,700)		1,652
ASSET-BACKED SECURITIES 0.2%
Carrington Mortgage Loan Trust 1.774% (US0001M + 0.150%) due 08/25/2036 ~	43	42
Credit-Based Asset Servicing & Securitization Trust 3.136% due 01/25/2037 ^þ	787	294
Morgan Stanley ABS Capital, Inc. Trust 1.764% (US0001M + 0.140%) due 05/25/2037 ~	60	53
Option One Mortgage Loan Trust Asset-Backed Certificates 2.599% (US0001M + 0.975%) due 08/25/2033 ~	30	30
Total Asset-Backed Securities (Cost $408)		419
SOVEREIGN ISSUES 0.8%
Argentina Government International Bond 2.500% due 07/09/2041 þ	7,113	1,849
Total Sovereign Issues (Cost $3,463)		1,849
	SHARES
COMMON STOCKS 2.5%
COMMUNICATION SERVICES 0.3%
Clear Channel Outdoor Holdings, Inc.(c)	163,228	175
iHeartMedia, Inc. 'A'(c)	39,083	308
iHeartMedia, Inc. 'B'«(c)	30,332	215
		698
CONSUMER DISCRETIONARY 0.3%
Caesars Entertainment, Inc.(c)	19,463	746
ENERGY 0.4%
California Resources Corp.	14,960	576
Constellation Oil 'B'«(c)(e)	2,866,681	311
		887
FINANCIALS 0.4%
Hipotecaria Su Casita SA de CV«(c)	78,886	0
Intelsat SA«(c)(e)	26,087	730
Mr Cooper Group, Inc.(c)	4,374	161
		891
HEALTH CARE 0.6%
NVHL SA 'A'«(c)(e)	197,572	132
NVHL SA 'D'«(c)(e)	197,572	132
NVHL SA 'E'«(c)(e)	197,572	132
NVHL SA 'F'«(c)(e)	197,572	132
NVHL SA 'G'«(c)(e)	197,572	132
NVHL SA 'H'«(c)(e)	197,572	133
NVHL SA 'I'«(c)(e)	197,572	133
NVHL SA 'J'«(c)(e)	197,572	133
NVHL SA. 'B'«(c)(e)	197,572	133
NVHL SA. 'C'«(c)(e)	197,572	133
		1,325
INDUSTRIALS 0.5%
Neiman Marcus Group Ltd. LLC«(c)(e)	7,513	1,299
Voyager Aviation Holdings LLC«(c)	136	0
		1,299
REAL ESTATE 0.0%
Stearns Holding LLC 'B'«(c)	720,949	0
Total Common Stocks (Cost $19,210)		5,846
RIGHTS 0.0%
FINANCIALS 0.0%
Intelsat Jackson Holdings SA(c)	2,732	13

Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Total Rights (Cost $0)			13
WARRANTS 0.0%
ENERGY 0.0%
Constellation Oil Class 'D' - Exp. 06/10/2071«(e)	3		0
FINANCIALS 0.0%
Guaranteed Rate, Inc. - Exp. 12/31/2060«	3,454		0
Intelsat Jackson Holdings SA-Exp. 12/05/2025«	2,732		14
			14
UTILITIES 0.0%
Vistra Corp. - Exp. 02/02/2024	60,750		16
Total Warrants (Cost $613)			30
PREFERRED SECURITIES 0.3%
INDUSTRIALS 0.3%
Voyager Aviation Holdings LLC 9.500% «	814		246
Xfit Brands, Inc. «	1,000		418
Total Preferred Securities (Cost $3,922)			664
	UNITS
EQUITY-LINKED SECURITIES 0.1%
ENERGY 0.1%
California Resources Corp. - Exp. 10/27/2024	24,765		254
Total Equity-Linked Securities (Cost $232)			254
SHORT-TERM INSTRUMENTS 7.7%
REPURCHASE AGREEMENTS (f) 7.7%			17,871
Total Short-Term Instruments (Cost $17,871)			17,871
Total Investments in Securities (Cost $249,962)			191,687
	SHARES
INVESTMENTS IN AFFILIATES 11.7%
SHORT-TERM INSTRUMENTS 11.7%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 11.7%
PIMCO Short-Term Floating NAV Portfolio III	2,798,799		27,160
Total Short-Term Instruments (Cost $27,168)			27,160
Total Investments in Affiliates (Cost $27,168)			27,160
Total Investments 94.2% (Cost $277,130)		$	218,847
Financial Derivative Instruments(g)(h)0.6%(Cost or Premiums, net $994)			1,501
Other Assets and Liabilities, net 5.2%			12,087
Net Assets 100.0%		$	232,435

Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio(Cont.) June 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).
~	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)	Perpetual maturity; date shown, if applicable, represents next contractual call date.
(e)	RESTRICTED SECURITIES:
Issuer Description								Acquisition Date							Cost												Market Value							Market Value as Percentage of Net Assets
Constellation Oil 'B'								06/10/2022				$			311							$					311							0.13			%
Constellation Oil Class 'D' 0.000% due 06/10/2071								06/10/2022 - 06/10/2071							0												0							0.00
Intelsat SA								09/05/2018							2,449												730							0.31
NVHL SA 'A'								03/09/2012 - 05/01/2013							614												132							0.06
NVHL SA. 'B'								03/09/2012 - 05/01/2013							613												133							0.06
NVHL SA. 'C'								03/09/2012 - 05/01/2013							613												133							0.06
NVHL SA 'D'								03/09/2012 - 05/01/2013							614												132							0.06
NVHL SA 'E'								03/09/2012 - 05/01/2013							614												132							0.06
NVHL SA 'F'								03/09/2012 - 05/01/2013							613												132							0.06
NVHL SA 'G'								03/09/2012 - 05/01/2013							613												132							0.06
NVHL SA 'H'								03/09/2012 - 05/01/2013							613												133							0.06
NVHL SA 'I'								03/09/2012 - 05/01/2013							613												133							0.06
NVHL SA 'J'								03/09/2012 - 05/01/2013							613												133							0.06
Neiman Marcus Group Ltd. LLC								09/25/2020							242												1,299							0.56
											$			9,135							$					3,665							1.60%
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)
BRC		1.000%	06/30/2022	07/13/2022	$	271	American Airlines Pass-Through Trust 4.950% due 08/15/2026											$		(265)					$					271		$				271
FICC		0.400	06/30/2022	07/01/2022		637	U.S. Treasury Notes 3.000% due 06/30/2024													(650)										637						637
JPS		1.350	06/30/2022	07/01/2022		14,500	U.S. Treasury Bonds 3.250% due 05/15/2042													(14,837)										14,500						14,501
SBI		(3.750)	03/18/2022	TBD(2)		2,463	American Airlines Pass-Through Trust 4.950% due 08/15/2026													(2,387)										2,463						2,436
Total Repurchase Agreements																		$		(18,139)					$					17,871		$				17,845
SHORT SALES:
Description									Coupon	Maturity Date						Principal Amount								Proceeds								Payable for Short Sales
Corporate Bonds & Notes (1.1)%
Industrials (1.1)%
American Airlines Pass-Through Trust									4.950%	08/15/2026			$				2,804						$						(2,937)		$					(2,652)
Total Short Sales (1.1)%																							$						(2,937)		$					(2,652)
(1)	Includes accrued interest.
(2)	The average amount of borrowings outstanding during the period ended June 30, 2022 was $(186) at a weighted average interest rate of (3.000)%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.
(3)	Open maturity repurchase agreement.
(g)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED

Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

FUTURES CONTRACTS:
LONG FUTURES CONTRACTS
																																														Variation Margin
Description												Expiration Month					# of Contracts								Notional Amount													Unrealized Appreciation/ (Depreciation)										Asset														Liability
U.S. Treasury 5-Year Note September Futures												09/2022					201				$				22,562								$					83								$		141									$					0
U.S. Treasury 10-Year Note September Futures												09/2022					106								12,564													(80)										108														0
																																$					3								$		249									$					0
SHORT FUTURES CONTRACTS
																																														Variation Margin
Description												Expiration Month					# of Contracts								Notional Amount													Unrealized Appreciation/ (Depreciation)										Asset														Liability
Euro-Bund 10-Year Bond September Futures												09/2022					74				$				(11,538)								$					332								$		0									$					(279)
Euro-Buxl 30-Year Bond September Futures												09/2022					7								(1,200)													52										0														(52)
U.S. Treasury Ultra Long-Term Bond September Futures												09/2022					13								(2,006)													43										0														(30)
																																$					427								$		0									$					(361)
Total Futures Contracts																																$					430								$		249									$					(361)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION(1)
																																																	Variation Margin
Reference Entity		Fixed (Pay) Rate		Payment Frequency			Maturity Date			Implied Credit Spread at June 30, 2022(3)										Notional Amount(4)						Premiums Paid/ (Received)								Unrealized Appreciation/ (Depreciation)								Market Value(5)											Asset										Liability
Anadarko Petroleum Corp.		(1.000)%		Quarterly			12/20/2023			1.410				%		$				10,000		$				722			$					(692)					$			30								$			27					$					0
Anheuser-Busch InBev		(1.000)		Quarterly			06/20/2025			0.780						EUR				8,800						(258)								196								(62)											11										0
ArcelorMittal		(5.000)		Quarterly			06/20/2025			2.366										2,000						(393)								233								(160)											16										0
Freeport-McMoRan, Inc.		(1.000)		Quarterly			12/20/2023			0.909						$				4,000						(40)								34								(6)											7										0
Howmet Aerospace, Inc.		(1.000)		Quarterly			06/20/2025			1.427										5,000						128								(70)								58											6										0
Johnson & Johnson Co.		(1.000)		Quarterly			06/20/2024			0.147										20,000						(606)								220								(386)											5										0
Macy's Retail Holdings, Inc.		(1.000)		Quarterly			06/20/2023			1.976										4,000						212								(186)								26											0										0
Viacom, Inc.		(1.000)		Quarterly			06/20/2027			1.844										10,000						(71)								444								373											4										0
																							$				(306)			$					179					$			(127)								$			76					$					0
CREDIT DEFAULT SWAPS ON CREDIT INDICES - BUY PROTECTION(1)
																																																	Variation Margin
Index/Tranches			Fixed (Pay) Rate			Payment Frequency			Maturity Date									Notional Amount(4)								Premiums Paid/ (Received)								Unrealized Appreciation/ (Depreciation)								Market Value(5)											Asset										Liability
CDX.HY-38 5-Year Index			(5.000)%			Quarterly			06/20/2027				$					25,938				$				725			$					(4)					$			721								$			34					$					0
CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION(2)
																																																	Variation Margin
Index/Tranches			Fixed Receive Rate			Payment Frequency			Maturity Date									Notional Amount(4)								Premiums Paid/ (Received)								Unrealized Appreciation/ (Depreciation)								Market Value(5)											Asset										Liability
CDX.IG-38 5-Year Index			1.000%			Quarterly			06/20/2027				$					91,000				$				109			$					(110)					$			(1)								$			0					$					(18)
INTEREST RATE SWAPS
																																																	Variation Margin
Pay/ Receive Floating Rate	Floating Rate Index				Fixed Rate			Payment Frequency			Maturity Date								Notional Amount									Premiums Paid/ (Received)								Unrealized Appreciation/ (Depreciation)								Market Value											Asset										Liability
Pay	3-Month USD-LIBOR				1.000%			Semi-Annual			12/16/2030				$				44,300					$				466			$					(7,287)					$			(6,821)								$			297					$					0

Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Total Swap Agreements								$		994			$		(7,222)				$			(6,228)		$	407					$	(18)
Cash of $4,974 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2022.
(1)		If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive 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)		If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3)		Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
(4)		The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(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.
(h)		FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
FORWARD FOREIGN CURRENCY CONTRACTS:
																Unrealized Appreciation/(Depreciation)
Counterparty			Settlement Month		Currency to be Delivered						Currency to be Received										Asset								Liability
BOA			07/2022	$	10,992				EUR		10,413						$				0						$		(79)
BPS			07/2022	EUR	201				$		217										6								0
			07/2022	GBP	183						231										8								0
			07/2022	$	34,465				EUR		32,730										0								(165)
			08/2022	EUR	22,677				$		23,895										87								0
			08/2022	GBP	183						222										0								(1)
CBK			07/2022	$	2,494				EUR		2,323										0								(60)
HUS			07/2022	EUR	46,858				$		50,532										1,427								0
			07/2022	$	1,831				EUR		1,749										6								(4)
			08/2022	EUR	146				$		152										0								(1)
Total Forward Foreign Currency Contracts																$				1,534						$		(310)
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory						Level 1						Level 2						Level 3					Fair Value at 06/30/2022
Investments in Securities, at Value
Loan Participations and Assignments						$	0					$		16,119				$		4,320			$			20,439
Corporate Bonds & Notes
	Banking & Finance						0							33,881						0						33,881
	Industrials						0							98,718						2,895						101,613
	Utilities						0							6,875						0						6,875
Municipal Bonds & Notes
	Florida						0							281						0						281
Non-Agency Mortgage-Backed Securities							0							1,652						0						1,652
Asset-Backed Securities							0							419						0						419
Sovereign Issues							0							1,849						0						1,849
Common Stocks
	Communication Services						483							0						215						698
	Consumer Discretionary						746							0						0						746
	Energy						576							0						311						887
	Financials						161							0						730						891
	Health Care						0							0						1,325						1,325
	Industrials						0							0						1,299						1,299
Rights
	Financials						0							0						13						13
Warrants
	Financials						0							0						14						14
	Utilities						16							0						0						16
Preferred Securities
	Industrials						0							0						664						664
Equity-Linked Securities
	Energy						254							0						0						254
Short-Term Instruments
	Repurchase Agreements						0							17,871						0						17,871
						$	2,236					$		177,665				$		11,786			$			191,687
Investments in Affiliates, at Value
Short-Term Instruments
	Central Funds Used for Cash Management Purposes					$	27,160					$		0				$		0			$			27,160

Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Total Investments																$		29,396						$			177,665				$	11,786				$			218,847
Short Sales, at Value - Liabilities
Corporate Bonds & Notes																$		0						$			(2,652)				$	0				$			(2,652)
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared																		0									656					0							656
Over the counter																		0									1,534					0							1,534
																$		0						$			2,190				$	0				$			2,190
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared																		(331)									(48)					0							(379)
Over the counter																		0									(310)					0							(310)
																$		(331)						$			(358)				$	0				$			(689)
Total Financial Derivative Instruments																$		(331)						$			1,832				$	0				$			1,501
Totals																$		29,065						$			176,845				$	11,786				$			217,696
The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2022:
Category and Subcategory			Beginning Balance at 03/31/2022			Net Purchases				Net Sales/Settlements					Accrued Discounts/ (Premiums)					Realized Gain/(Loss)			Net Change in Unrealized Appreciation/ (Depreciation) (1)						Transfers into Level 3				Transfers out of Level 3					Ending Balance at 06/30/2022			Net Change in Unrealized Appreciation/ (Depreciation) on Investments Held at 06/30/2022 (1)
Investments in Securities, at Value
Loan Participations and Assignments			$	2,058		$		7,570		$			(752)	$			(64)		$		(35)	$				(2,910)		$		0			$	(1,547)				$		4,320	$		(2,703)
Corporate Bonds & Notes
	Industrials				0			2,853					0				8				0					34				0				0						2,895			34
Common Stocks
	Communication Services				517			0					0				0				0					(302)				0				0						215			(301)
	Energy				0			311					0				0				0					0				0				0						311			0
	Financials				796			0					0				0				0					(66)				0				0						730			(65)
	Health Care				49,182			0					(7,170)				0				7,079					(47,766)				0				0						1,325			(40,137)
	Industrials				1,165			0					0				0				0					134				0				0						1,299			134
	Real Estate				72			0					0				0									(72)				0				0						0			(72)
Rights
	Financials				12			0					0				0				0					1				0				0						13			1
Warrants (3)
	Financials				14			0					0				0				0					0				0				0						14			0
Preferred Securities
	Industrials				1,667			0					0				0				0					(1,003)				0				0						664			(1,002)
Totals			$	55,483		$		10,734		$			(7,922)	$			(56)		$		7,044	$				(51,950)		$		0			$	(1,547)				$		11,786	$		(44,111)
The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:
																																					(% Unless Noted Otherwise)
Category and Subcategory							Ending Balance at 06/30/2022				Valuation Technique														Unobservable Inputs												Input Value(s)					Weighted Average
Investments in Securities, at Value
Loan Participations and Assignments							$		4,320			Third Party Vendor													Broker Quote												93.000 - 94.000					93.434
Corporate Bonds & Notes
	Industrials								1,870			Other Valuation Techniques(2)													-												-					—
									1,025			Proxy Pricing													Base Price												100.000					—
Common Stocks
	Communication Services								215			Reference Instrument													Liquidity Discount												10.000					—
	Energy								311			Other Valuation Techniques(2)													-												-					—
	Financials								730			Indicative Market Quotation													EBITDA Multiple										x		7.000					—
	Health Care								1,325			Comparable Companies													EBITDA multiple										x		10.500					—
	Industrials								1,299			Discounted Cash Flow													Discount Rate												9.500					—
Rights
	Financials								13			Other Valuation Techniques(2)													-												-					—
Warrants
	Financials								14			Other Valuation Techniques(2)													-												-					—
Preferred Securities
	Industrials								246			Comparable Companies / Discounted Cash Flow													Book Value Multiple / Discount R										x/%		0.260/21.660					—
									418			Discounted Cash Flow													Discount rate												21.562					—
Total							$		11,786
(1)		Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at June 30, 2022 may be due to an investment no longer held or categorized as Level 3 at period end.

Schedule of Investments PIMCO High Yield and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

(2)	Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Portfolio.
(3)	Item moved from a different subclass from Rights to Warrants

Consolidated Schedule of Investments PIMCO International Portfolio June 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 70.4% ¤
CANADA 1.4%
SOVEREIGN ISSUES 1.4%
Province of Quebec 6.250% due 06/01/2032	CAD	8,000	$	7,342
Total Canada (Cost $6,715)				7,342
UNITED STATES 3.6%
ASSET-BACKED SECURITIES 1.2%
Amortizing Residential Collateral Trust 2.324% (US0001M + 0.700%) due 10/25/2031 ~	$	118		113
Argent Securities Trust 1.804% (US0001M + 0.180%) due 07/25/2036 ~		1,258		378
Asset-Backed Funding Certificates Trust 2.324% due 06/25/2034 •		270		260
Asset-Backed Securities Corp. Home Equity Loan Trust 1.704% due 05/25/2037 •		39		26
Bear Stearns Asset-Backed Securities Trust 2.284% due 10/25/2032 •		33		33
Countrywide Asset-Backed Certificates 2.364% due 05/25/2032 •		56		56
Credit Suisse First Boston Mortgage Securities Corp. 2.244% due 01/25/2032 •		53		51
Credit-Based Asset Servicing & Securitization Trust
1.684% (US0001M + 0.060%) due 11/25/2036 ~		31		16
1.694% due 01/25/2037 ^•		267		97
Home Equity Asset Trust 2.224% (US0001M + 0.600%) due 11/25/2032 ~		1		1
HSI Asset Securitization Corp. Trust 1.724% due 10/25/2036 •		22		10
Long Beach Mortgage Loan Trust 2.184% due 10/25/2034 •		28		26
Merrill Lynch Mortgage Investors Trust 1.784% due 09/25/2037 •		38		21
Morgan Stanley ABS Capital, Inc. Trust
1.684% (US0001M + 0.060%) due 05/25/2037 ~		44		39
1.724% (US0001M + 0.100%) due 11/25/2036 ~		6,006		3,341
SLM Student Loan Trust 2.684% due 04/25/2023 •		1,773		1,769
Soundview Home Loan Trust 1.684% due 11/25/2036 •		237		81
Structured Asset Securities Corp. Mortgage Loan Trust 2.562% due 04/25/2035 •		3		3
Washington Mutual Asset-Backed Certificates Trust 1.684% due 10/25/2036 •		24		11
				6,332
NON-AGENCY MORTGAGE-BACKED SECURITIES 2.1%
Bear Stearns ALT-A Trust
2.994% due 01/25/2036 ^~		488		478
3.134% due 08/25/2036 ^~		22		15
Citigroup Mortgage Loan Trust 2.829% due 08/25/2035 ~		9		9
Countrywide Alternative Loan Trust
1.792% due 02/20/2047 ^•		3,205		2,492
1.944% due 02/25/2047 •		68		61
2.032% (US0001M + 0.420%) due 03/20/2046 ~		261		207
2.144% due 12/25/2035 •		26		23
2.184% due 12/25/2035 •		171		159
2.184% due 02/25/2037 •		80		66
2.224% due 08/25/2035 •		211		192
2.224% (US0001M + 0.600%) due 12/25/2035 ~		688		536
2.324% due 09/25/2035 •		725		664
Countrywide Home Loan Mortgage Pass-Through Trust
2.084% due 05/25/2035 •		90		76
2.204% due 03/25/2035 ^•		313		262
2.204% due 04/25/2035 •		2		2
2.224% (US0001M + 0.600%) due 03/25/2035 ~		29		21
2.264% due 03/25/2035 •		1,679		1,407
2.284% (US0001M + 0.660%) due 02/25/2035 ~		7		7

Consolidated Schedule of Investments PIMCO International Portfolio(Cont.) June 30, 2022 (Unaudited)

2.384% due 09/25/2034 •	4	4
Credit Suisse First Boston Mortgage Securities Corp. 6.500% due 04/25/2033	3	3
Deutsche ALT-B Securities, Inc. Mortgage Loan Trust 1.724% (US0001M + 0.100%) due 10/25/2036 ^~	2	2
Downey Savings & Loan Association Mortgage Loan Trust
2.032% due 03/19/2045 •	140	136
2.132% due 08/19/2045 •	84	74
2.272% due 09/19/2045 •	1,058	721
GreenPoint Mortgage Funding Trust 2.084% due 06/25/2045 •	834	654
HarborView Mortgage Loan Trust
2.075% due 03/19/2036 ^•	781	744
2.092% (US0001M + 0.480%) due 06/19/2035 ~	139	133
2.092% due 01/19/2036 ^•	15	15
2.112% (US0001M + 0.500%) due 01/19/2036 ~	1,282	820
2.232% (US0001M + 0.620%) due 11/19/2035 ~	145	118
2.272% due 09/19/2035 •	9	7
2.292% due 06/20/2035 •	36	34
Nomura Asset Acceptance Corp. Alternative Loan Trust 2.549% due 10/25/2035 ~	14	9
Residential Accredit Loans, Inc. Trust 2.044% due 04/25/2046 •	117	37
Sequoia Mortgage Trust
1.994% due 10/20/2034 •	132	122
2.295% due 10/19/2026 •	3	3
2.295% (US0001M + 0.700%) due 07/20/2033 ~	380	360
Structured Asset Mortgage Investments Trust 2.175% due 07/19/2034 •	2	2
Thornburg Mortgage Securities Trust 2.164% due 03/25/2044 •	53	49
WaMu Mortgage Pass-Through Certificates Trust
1.134% due 12/25/2046 •	66	60
1.473% due 02/27/2034 •	3	3
1.676% due 11/25/2042 •	1	1
1.723% (COF 11 + 1.500%) due 10/25/2046 ~	20	18
1.723% due 11/25/2046 •	224	206
1.876% (12MTA + 1.400%) due 08/25/2042 ~	5	4
2.204% due 10/25/2045 •	10	10
2.244% (US0001M + 0.620%) due 01/25/2045 ~	5	5
2.264% (US0001M + 0.640%) due 01/25/2045 ~	7	6
2.264% due 07/25/2045 •	6	5
		11,042
U.S. GOVERNMENT AGENCIES 0.3%
Fannie Mae
1.356% due 09/25/2042 •	19	18
1.628% due 12/01/2034 •	3	3
1.744% due 03/25/2034 •	2	1
1.774% due 08/25/2034 •	2	2
2.024% (US0001M + 0.400%) due 06/25/2029 ~	1	1
2.430% due 11/01/2034 •	9	9
2.633% due 12/01/2030 •	1	1
6.000% due 07/25/2044	10	11
7.000% due 09/25/2023	1	1
Freddie Mac
1.524% due 02/25/2045 •	16	16
1.676% due 10/25/2044 •	35	36
1.774% (US0001M + 0.450%) due 12/15/2031 ~	1	1
1.774% due 09/25/2035 •	673	671
1.876% due 07/25/2044 •	10	10
1.904% due 09/25/2031 •	11	11
2.830% due 10/01/2036 •	11	11
6.500% due 07/15/2028	85	91
Ginnie Mae
1.625% (H15T1Y + 1.500%) due 07/20/2025 - 09/20/2025 ~	9	8
1.750% (H15T1Y + 1.500%) due 11/20/2022 - 10/20/2024 ~	9	9
1.875% (H15T1Y + 1.500%) due 06/20/2023 - 05/20/2026 ~	12	12
2.000% (H15T1Y + 1.500%) due 09/20/2024 ~	13	13
2.000% due 11/20/2024 - 06/20/2030 •	180	181
2.625% (H15T1Y + 1.500%) due 02/20/2025 ~	9	9
6.000% due 08/20/2034	209	221
U.S. Small Business Administration
4.625% due 02/01/2025	5	5

Consolidated Schedule of Investments PIMCO International Portfolio(Cont.) June 30, 2022 (Unaudited)

5.090% due 10/01/2025		2		2
				1,354
Total United States (Cost $25,040)				18,728
SHORT-TERM INSTRUMENTS 65.4%
REPURCHASE AGREEMENTS (e) 36.7%				189,652
JAPAN TREASURY BILLS 7.7%
(0.094)% due 09/12/2022 (c)(d)	JPY	5,380,000		39,664
U.S. TREASURY BILLS 10.8%
0.954% due 07/14/2022 - 09/29/2022 (b)(c)(h)	$	55,707		55,650
				55,650
U.S. TREASURY CASH MANAGEMENT BILLS 10.2%
1.703% due 09/13/2022 - 11/01/2022 (a)(b)(c)		53,000		52,728
Total Short-Term Instruments (Cost $338,097)				337,694
Total Investments in Securities (Cost $369,852)				363,764
		SHARES
INVESTMENTS IN AFFILIATES 25.8%
SHORT-TERM INSTRUMENTS 25.8%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 25.8%
PIMCO Short-Term Floating NAV Portfolio III		13,745,943		133,391
Total Short-Term Instruments (Cost $135,368)				133,391
Total Investments in Affiliates (Cost $135,368)				133,391
Total Investments 96.2% (Cost $505,220)			$	497,155
Financial Derivative Instruments(f)(g)(2.9)%(Cost or Premiums, net $47,465)				(15,098)
Other Assets and Liabilities, net 6.7%				34,596
Net Assets 100.0%			$	516,653

Consolidated Schedule of Investments PIMCO International Portfolio(Cont.) June 30, 2022 (Unaudited)

NOTES TO CONSOLIDATED 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.
~	Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.
•	Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.
(a)	When-issued security.
(b)	Coupon represents a weighted average yield to maturity.
(c)	Zero coupon security.
(d)	Coupon represents a yield to maturity.
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		0.400%	06/30/2022	07/01/2022	$		3,363			U.S. Treasury Notes 3.000% due 06/30/2024												$			(3,431)								$		3,363					$					3,363
FICC		1.450	06/30/2022	07/01/2022			130,400			U.S. Treasury Bonds 4.250% due 11/15/2040															(133,008)										130,400										130,405
NOM		1.420	06/30/2022	07/01/2022			55,300			U.S. Treasury Bonds 4.375% due 11/15/2039															(56,634)										55,300										55,302
SSB		0.400	06/30/2022	07/01/2022			589			U.S. Treasury Notes 1.875% due 06/30/2026(2)															(601)										589										589
Total Repurchase Agreements																						$			(193,674)								$		189,652					$					189,659
(1)	Includes accrued interest.
(2)	Collateral is held in custody by the counterparty.
(f)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
PURCHASED OPTIONS:
OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS
Description											Strike Price			Expiration Date	# of Contracts						Notional Amount								Cost											Market Value
Put - MSE Canada Government 10-Year Bond September 2022 Futures									CAD		81.000			08/19/2022	133					$	133							$	2							$				1
Total Purchased Options																								$						2							$				1
FUTURES CONTRACTS:
LONG FUTURES CONTRACTS
																											Variation Margin(2)
Description						Expiration Month		# of Contracts					Notional Amount						Unrealized Appreciation/ (Depreciation)													Asset												Liability
Call Options Strike @ EUR 137.000 on Euro-Bobl Bond September 2022 Futures(1)						08/2022		7				$	0				$		0								$					0							$					0
Call Options Strike @ EUR 150.000 on Euro-Bobl Bond September 2022 Futures (1)						08/2022		234					1						0													0												0
Call Options Strike @ EUR 170.000 on Euro-OAT France Government 10-Year Bond September 2022 Futures(1)						08/2022		1,189					12						(1)													0												0
Call Options Strike @ EUR 190.000 on Euro-Bund 10-Year Bond September 2022 Futures(1)						08/2022		5,053					53						(5)													0												0
																$		(6)								$					0							$					0
SHORT FUTURES CONTRACTS
																											Variation Margin(2)
Description						Expiration Month		# of Contracts					Notional Amount						Unrealized Appreciation/ (Depreciation)													Asset												Liability
Euro-BTP Italy Government Bond September Futures						09/2022		1,146				$	(147,861)				$		(5,016)								$					0							$					(3,519)

Consolidated Schedule of Investments PIMCO International Portfolio(Cont.) June 30, 2022 (Unaudited)

Euro-Bund 10-Year Bond September Futures					09/2022		298				(46,462)									406							0										(1,465)
Euro-OAT France Government 10-Year Bond September Futures					09/2022		1,141				(165,642)									4,384							0										(3,145)
																$			(226)						$	0							$			(8,129)
Total Futures Contracts																$			(232)						$	0							$			(8,129)
SWAP AGREEMENTS:
INTEREST RATE SWAPS
																												Variation Margin(2)
Pay/ Receive Floating Rate	Floating Rate Index	Fixed Rate	Payment Frequency	Maturity Date				Notional Amount					Premiums Paid/ (Received)					Unrealized Appreciation/ (Depreciation)						Market Value								Asset							Liability
Pay	1-Day GBP-SONIO Compounded-OIS	0.800%	Annual	03/10/2032		GBP		60,900		$			(2,387)		$			(7,655)				$		(10,042)						$		1,087			$				0
Pay	1-Day GBP-SONIO Compounded-OIS	0.800	Annual	03/15/2032				73,300					(3,048)					(9,058)						(12,106)								1,309							0
Receive	1-Day GBP-SONIO Compounded-OIS	0.900	Annual	03/10/2052				24,600					2,638					5,818						8,456								0							(753)
Receive	1-Day GBP-SONIO Compounded-OIS	0.900	Annual	03/15/2052				29,300					3,392					6,684						10,076								0							(896)
Receive(3)	1-Day GBP-SONIO Compounded-OIS	0.750	Annual	09/21/2052				152,600					32,912					25,210						58,122								0							(5,141)
Receive	1-Day JPY-MUTKCALM Compounded-OIS	0.300	Semi-Annual	03/18/2026		JPY		4,930,000					(80)					(40)						(120)								0							(20)
Receive	1-Day JPY-MUTKCALM Compounded-OIS	0.050	Annual	12/15/2031				18,250,000					2,926					2,346						5,272								0							(239)
Receive	1-Day JPY-MUTKCALM Compounded-OIS	0.374	Annual	04/21/2032				880,000					0					69						69								0							(12)
Receive	1-Day JPY-MUTKCALM Compounded-OIS	0.400	Annual	04/22/2032				558,000					0					33						33								0							(8)
Receive	1-Day JPY-MUTKCALM Compounded-OIS	0.426	Annual	04/25/2032				174,000					0					7						7								0							(2)
Receive	1-Day JPY-MUTKCALM Compounded-OIS	0.400	Annual	06/15/2032				12,675,000					208					686						894								0							(183)
Receive	1-Day JPY-MUTKCALM Compounded-OIS	0.750	Semi-Annual	03/20/2038				1,950,000					153					(71)						82								0							(40)
Receive	1-Day JPY-MUTKCALM Compounded-OIS	0.500	Annual	03/15/2042				13,613,900					4,250					2,562						6,812								0							(340)
Receive	1-Day JPY-MUTKCALM Compounded-OIS	0.800	Annual	06/15/2052				6,450,000					313					2,769						3,082								0							(193)
Pay	3-Month CAD-Bank Bill	2.500	Semi-Annual	06/15/2032		CAD		16,700					(1,534)					261						(1,273)								66							0
Pay(3)	6-Month EUR-EURIBOR	1.580	Annual	05/24/2024		EUR		698,400					(4,986)					2,999						(1,987)								2,617							0
Pay(3)	6-Month EUR-EURIBOR	0.500	Annual	09/21/2024				34,000					(925)					(573)						(1,498)								154							0
Pay(3)	6-Month EUR-EURIBOR	0.250	Annual	09/21/2027				141,000					(11,989)					(3,385)						(15,374)								1,855							0
Pay	6-Month EUR-EURIBOR	0.750	Annual	06/15/2032				407,900					(28,413)					(27,091)						(55,504)								8,654							0
Receive(3)	6-Month EUR-EURIBOR	0.250	Annual	09/21/2032				158,540					34,284					(4,042)						30,242								0							(3,042)
Receive(3)	6-Month EUR-EURIBOR	0.500	Annual	09/21/2052				62,600					19,725					2,381						22,106								0							(1,789)
Total Swap Agreements									$			47,439		$			(90)				$		47,349						$		15,742			$				(12,658)

Cash of $44,280 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2022.
(1)	Future styled option.
(2)	Unsettled variation margin liability of $(1,852) for closed futures and unsettled variation margin asset of $1,092 for closed swap agreements is outstanding at period end.
(3)	This instrument has a forward starting effective date.
(g)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER

Consolidated Schedule of Investments PIMCO International Portfolio(Cont.) June 30, 2022 (Unaudited)

FORWARD FOREIGN CURRENCY CONTRACTS:
						Unrealized Appreciation/(Depreciation)
Counterparty	Settlement Month		Currency to be Delivered		Currency to be Received				Asset				Liability
BOA	07/2022	AUD	8,730	$	6,277		$		252		$		0
	07/2022	CAD	148		118				3				0
	07/2022	GBP	9,358		11,315				0				(77)
	07/2022	JPY	1,262		9				0				0
	07/2022	$	653	DKK	4,594				0				(6)
	07/2022		1,491	EUR	1,409				0				(15)
	07/2022		6,869	GBP	5,432				0				(256)
	07/2022		1,163	JPY	158,600				6				0
	08/2022	DKK	4,584	$	653				6				0
	08/2022	$	1,469	SEK	14,535				0				(46)
BPS	07/2022	AUD	195,284	$	134,845				98				(47)
	07/2022	CAD	354		274				0				(1)
	07/2022	EUR	75,950		79,597				75				(70)
	07/2022	GBP	11,392		13,826				0				(42)
	07/2022	JPY	8,389,000		61,631				0				(198)
	07/2022	MXN	4,650		222				0				(9)
	07/2022	NOK	196,190		19,700				0				(218)
	07/2022	$	4,858	AUD	6,997				0				(29)
	07/2022		38,812	EUR	36,496				0				(566)
	07/2022		12,946	GBP	10,454				18				(238)
	07/2022		6,285	JPY	844,500				0				(61)
	08/2022	EUR	11,316	$	11,924				43				0
	08/2022	GBP	2,384		2,897				0				(7)
	09/2022	JPY	2,468,000		18,472				196				0
	09/2022	MXN	4,650		227				0				(1)
BRC	07/2022	JPY	78,200		605				29				0
	07/2022	NOK	107,346		10,950				52				0
	07/2022	$	6,699	GBP	5,460				0				(53)
	07/2022		48,165	JPY	6,533,518				0				(11)
	07/2022		60,052	NOK	565,684				0				(2,620)
	08/2022	JPY	6,522,907	$	48,165				9				0
	08/2022	$	10,950	NOK	107,299				0				(51)
	09/2022	JPY	2,912,000	$	21,793				230				0
CBK	07/2022	$	41,277	EUR	38,594				0				(832)
	07/2022		849	GBP	690				0				(9)
	07/2022		5,364	NOK	52,580				0				(25)
DUB	07/2022	DKK	3,309	$	491				25				0
	07/2022	$	8,832	NOK	85,017				0				(199)
GLM	08/2022		286	AUD	415				1				0
HUS	07/2022	AUD	17,684	$	12,772				566				0
	07/2022	CAD	822		648				9				0
	07/2022	DKK	1,285		192				11				0
	07/2022	EUR	2,232		2,346				7				0
	07/2022	GBP	6,900		8,485				85				0
	07/2022	NOK	41,280		4,413				222				0
	07/2022	$	87,249	AUD	126,640				187				(22)
	07/2022		2,251	EUR	2,163				16				0
	07/2022		4,017	GBP	3,230				0				(85)
	07/2022		1,738	JPY	232,500				0				(24)
	08/2022	AUD	120,638	$	83,094				0				(193)
	08/2022	JPY	948,721		6,971				0				(33)
JPM	07/2022	AUD	531		365				0				(1)
	07/2022	CAD	235		187				4				0
	08/2022	$	365	AUD	531				1				0
	08/2022		210	SGD	288				0				(2)
RYL	07/2022	NOK	729,180	$	72,856				0				(1,175)
SCX	07/2022	AUD	4,028		2,770				0				(10)
	07/2022	NOK	113,270		11,407				0				(93)
	07/2022	$	13,008	JPY	1,770,871				44				0
	08/2022	JPY	1,768,000	$	13,008				0				(45)
	08/2022	$	2,770	AUD	4,028				10				0
TOR	07/2022	AUD	1,028	$	708				0				(2)
	07/2022	CAD	12,039		9,426				73				0
	07/2022	JPY	2,100,476		16,549				1,068				0
	07/2022	$	6,783	CAD	8,727				9				(12)
	08/2022	CAD	8,727	$	6,783				12				(9)
	08/2022	$	708	AUD	1,028				2				0
UAG	07/2022	AUD	22,268	$	15,503				133				0
	07/2022	NOK	137,795		14,196				204				0
	07/2022	$	83,094	AUD	116,331				0				(2,796)
	07/2022		65,923	NOK	621,617				0				(2,813)
Total Forward Foreign Currency Contracts						$		3,706		$		(13,002)

Consolidated Schedule of Investments PIMCO International Portfolio(Cont.) June 30, 2022 (Unaudited)

PURCHASED OPTIONS:
FOREIGN CURRENCY OPTIONS
Counterparty			Description				Strike Price		Expiration Date		Notional Amount(1)				Cost				Market Value
BRC			Put - OTC AUD versus USD			$	0.500		07/11/2022		40,000			$	3			$	0
DUB			Call - OTC EUR versus USD				1.200		08/04/2022		28,000				3				0
GLM			Call - OTC USD versus NOK			NOK	14.200		07/11/2022		75,000				7				0
MBC			Put - OTC EUR versus USD			$	0.880		08/11/2022		35,000				4				2
			Call - OTC USD versus NOK			NOK	13.100		07/18/2022		71,000				7				0
Total Purchased Options														$	24			$	2
(h)		Securities with an aggregate market value of $11,055 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2022.
(1)		Notional Amount represents the number of contracts.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory				Level 1				Level 2				Level 3				Fair Value at 06/30/2022
Investments in Securities, at Value
Canada
	Sovereign Issues			$	0			$		7,342		$	0			$	7,342
United States
	Asset-Backed Securities				0					6,332			0				6,332
	Non-Agency Mortgage-Backed Securities				0					11,042			0				11,042
	U.S. Government Agencies				0					1,354			0				1,354
Short-Term Instruments
	Repurchase Agreements				0					189,652			0				189,652
	Japan Treasury Bills				0					39,664			0				39,664
	U.S. Treasury Bills				0					55,650			0				55,650
	U.S. Treasury Cash Management Bills				0					52,728			0				52,728
				$	0			$		363,764		$	0			$	363,764
Investments in Affiliates, at Value
Short-Term Instruments
	Central Funds Used for Cash Management Purposes			$	133,391			$		0		$	0			$	133,391
Total Investments				$	133,391			$		363,764		$	0			$	497,155
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared					1					15,742			0				15,743
Over the counter					0					3,708			0				3,708
				$	1			$		19,450		$	0			$	19,451
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared					(8,129)					(12,658)			0				(20,787)
Over the counter					0					(13,002)			0				(13,002)
				$	(8,129)			$		(25,660)		$	0			$	(33,789)
Total Financial Derivative Instruments				$	(8,128)			$		(6,210)		$	0			$	(14,338)
Totals				$	125,263			$		357,554		$	0			$	482,817
There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio June 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 97.7% ¤
LOAN PARTICIPATIONS AND ASSIGNMENTS 0.4%
Avolon TLB Borrower 1 (U.S.) LLC 3.845% (LIBOR01M + 2.250%) due 12/01/2027 ~	$	1,584	$	1,509
Carnival Corp. 5.877% (LIBOR06M + 3.000%) due 06/30/2025 ~		3,638		3,396
Castlelake LP 2.950% (LIBOR01M + 2.950%) due 05/13/2031 «~		7,484		6,811
CenturyLink, Inc. 3.916% (LIBOR01M + 2.250%) due 03/15/2027 ~		1,225		1,128
Marriott Ownership Resorts, Inc. 3.416% (LIBOR01M + 1.750%) due 08/29/2025 ~		257		245
Total Loan Participations and Assignments (Cost $14,088)				13,089
CORPORATE BONDS & NOTES 84.4%
BANKING & FINANCE 46.5%
AerCap Ireland Capital DAC
1.750% due 10/29/2024		7,700		7,111
3.650% due 07/21/2027		300		273
4.450% due 04/03/2026		10,275		9,825
4.875% due 01/16/2024		2,500		2,488
Agree LP 2.900% due 10/01/2030		3,400		2,889
AIA Group Ltd.
3.200% due 03/11/2025		540		533
3.900% due 04/06/2028		540		536
Air Lease Corp. 3.000% due 09/15/2023		2,800		2,739
Aircastle Ltd. 2.850% due 01/26/2028		8,600		7,117
Alexandria Real Estate Equities, Inc.
3.375% due 08/15/2031		1,600		1,419
3.450% due 04/30/2025		300		296
3.950% due 01/15/2028		300		291
4.900% due 12/15/2030		6,420		6,379
Ally Financial, Inc. 8.000% due 11/01/2031		6,050		6,733
American Assets Trust LP 3.375% due 02/01/2031		6,900		5,912
American Campus Communities Operating Partnership LP
2.850% due 02/01/2030		1,500		1,425
3.300% due 07/15/2026		3,366		3,294
3.875% due 01/30/2031		500		492
American Homes 4 Rent LP
4.250% due 02/15/2028		2,000		1,912
4.900% due 02/15/2029		400		390
American Tower Corp.
1.300% due 09/15/2025		2,100		1,904
2.700% due 04/15/2031		19,100		15,739
2.750% due 01/15/2027		13,800		12,632
2.900% due 01/15/2030		700		600
3.800% due 08/15/2029		7,900		7,259
3.950% due 03/15/2029		3,052		2,844
Antares Holdings LP
2.750% due 01/15/2027		6,000		4,797
3.750% due 07/15/2027		6,100		5,134
3.950% due 07/15/2026		5,400		4,695
Arch Capital Group Ltd. 3.635% due 06/30/2050		1,235		963
Ares Capital Corp. 2.875% due 06/15/2027		5,000		4,178
Ares Finance Co. LLC 4.125% due 06/30/2051 •		100		83
Assured Guaranty U.S. Holdings, Inc. 3.150% due 06/15/2031		3,950		3,432
Aviation Capital Group LLC
3.500% due 11/01/2027		3,100		2,738
4.125% due 08/01/2025		943		897
4.375% due 01/30/2024		5,527		5,432
4.875% due 10/01/2025		1,500		1,456
Avolon Holdings Funding Ltd.
2.528% due 11/18/2027		21,078		17,200

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

3.950% due 07/01/2024	4,500	4,312
4.250% due 04/15/2026	1,573	1,459
5.250% due 05/15/2024	1,786	1,756
Banco Bilbao Vizcaya Argentaria SA 0.875% due 09/18/2023	14,500	13,996
Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa 4.375% due 04/11/2027	1,700	1,628
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand 4.125% due 11/09/2022	2,400	2,405
Bangkok Bank PCL 3.466% due 09/23/2036 •	200	168
Bank of America Corp.
1.319% due 06/19/2026 •	15,000	13,655
1.486% due 05/19/2024 •	1,950	1,906
1.898% due 07/23/2031 •	1,200	960
1.922% due 10/24/2031 •	4,000	3,199
2.144% (US0003M + 0.960%) due 07/23/2024 ~	3,600	3,591
2.299% due 07/21/2032 •	1,200	971
2.572% due 10/20/2032 •	200	165
2.676% due 06/19/2041 •	1,000	721
3.593% due 07/21/2028 •	5,000	4,720
3.824% due 01/20/2028 •	10,000	9,598
4.083% due 03/20/2051 •	500	432
4.375% due 01/27/2027 •(e)	6,700	5,576
4.571% due 04/27/2033 •	1,800	1,754
6.125% due 04/27/2027 •(e)	4,700	4,544
Bank of Nova Scotia 1.438% (SOFRRATE + 0.380%) due 07/31/2024 ~	7,000	6,898
Banque Federative du Credit Mutuel SA
0.650% due 02/27/2024	1,480	1,406
3.750% due 07/20/2023	2,500	2,502
Barclays Bank PLC 7.625% due 11/21/2022 (f)	2,000	2,020
Barclays PLC
2.645% due 06/24/2031 •	14,600	12,097
2.791% (US0003M + 1.380%) due 05/16/2024 ~	26,243	26,237
4.338% due 05/16/2024 •	700	700
4.375% due 01/12/2026	5,500	5,452
5.088% due 06/20/2030 •	2,800	2,646
5.200% due 05/12/2026	1,300	1,297
BBVA Bancomer SA 6.750% due 09/30/2022	10,938	10,976
BGC Partners, Inc.
4.375% due 12/15/2025	6,200	6,051
5.375% due 07/24/2023	10,600	10,672
Blackstone Holdings Finance Co. LLC
1.600% due 03/30/2031	800	628
1.625% due 08/05/2028	7,200	6,090
2.500% due 01/10/2030	1,200	1,039
Blackstone Private Credit Fund 2.350% due 11/22/2024	4,100	3,772
Blue Owl Finance LLC
3.125% due 06/10/2031	100	77
4.125% due 10/07/2051	2,300	1,532
BNP Paribas SA
2.159% due 09/15/2029 •	2,500	2,094
2.219% due 06/09/2026 •	18,600	17,197
2.591% due 01/20/2028 •	5,000	4,501
3.052% due 01/13/2031 •	900	777
4.705% due 01/10/2025 •	14,800	14,804
5.198% due 01/10/2030 •	7,300	7,299
6.625% due 03/25/2024 •(e)	5,250	5,053
BOC Aviation Ltd.
3.500% due 10/10/2024	12,400	12,260
4.000% due 01/25/2024	700	700
BPCE SA 4.500% due 03/15/2025	3,700	3,643
Brandywine Operating Partnership LP
3.950% due 02/15/2023	4,160	4,151
3.950% due 11/15/2027	100	94
Brookfield Finance, Inc. 3.900% due 01/25/2028	2,300	2,200
Canadian Imperial Bank of Commerce 1.856% (SOFRINDX + 0.400%) due 12/14/2023 ~	12,290	12,211
Cantor Fitzgerald LP 4.500% due 04/14/2027	700	673
Carlyle Finance LLC 5.650% due 09/15/2048	150	146
CI Financial Corp.
3.200% due 12/17/2030	2,100	1,644
4.100% due 06/15/2051	1,500	974
Citibank NA 3.650% due 01/23/2024	500	502
Citigroup, Inc.
2.134% (US0003M + 0.950%) due 07/24/2023 ~	10,000	9,977
2.544% (US0003M + 1.100%) due 05/17/2024 ~	1,000	992

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

2.572% due 06/03/2031 •(g)	10,500	8,835
3.010% (US0003M + 1.430%) due 09/01/2023 ~	2,900	2,897
3.668% due 07/24/2028 •	9	8
Citizens Bank NA
2.250% due 04/28/2025	1,000	953
3.750% due 02/18/2026	1,170	1,150
CK Hutchison International Ltd. 3.250% due 04/11/2024	600	597
Corporate Office Properties LP 2.250% due 03/15/2026	5,600	5,083
Country Garden Holdings Co. Ltd.
2.700% due 07/12/2026	2,800	1,315
3.125% due 10/22/2025	900	443
Credit Agricole SA 4.125% due 01/10/2027	9,800	9,545
Credit Suisse AG
3.625% due 09/09/2024	2,600	2,556
6.500% due 08/08/2023 (f)	29,988	30,063
Credit Suisse Group AG
2.593% due 09/11/2025 •	13,300	12,527
2.961% (US0003M + 1.240%) due 06/12/2024 ~	1,000	1,002
2.997% due 12/14/2023 •	1,300	1,292
3.091% due 05/14/2032 •	11,600	9,243
3.750% due 03/26/2025	13,650	13,240
3.869% due 01/12/2029 •	2,200	1,979
4.207% due 06/12/2024 •	1,600	1,586
4.550% due 04/17/2026	600	587
Credit Suisse Group Funding Guernsey Ltd. 3.800% due 09/15/2022	2,900	2,903
Crown Castle International Corp.
2.100% due 04/01/2031	200	159
3.300% due 07/01/2030	3,379	2,983
CubeSmart LP
3.000% due 02/15/2030	2,100	1,851
3.125% due 09/01/2026	2,600	2,477
4.000% due 11/15/2025	2,183	2,162
4.375% due 02/15/2029	7,650	7,432
DAE Sukuk Difc Ltd. 3.750% due 02/15/2026	7,900	7,480
Danske Bank AS 1.171% due 12/08/2023 •	6,500	6,415
Deutsche Bank AG
2.222% due 09/18/2024 •	55,100	53,157
3.547% due 09/18/2031 •	2,100	1,760
3.961% due 11/26/2025 •	1,800	1,741
Discover Bank 4.200% due 08/08/2023	4,460	4,477
Doctors Co. An Interinsurance Exchange 4.500% due 01/18/2032	5,200	4,565
Doric Nimrod Air Finance Alpha Ltd. Pass-Through Trust 5.125% due 11/30/2024	73	72
EPR Properties
3.600% due 11/15/2031	200	158
3.750% due 08/15/2029	2,000	1,666
4.500% due 04/01/2025	3,500	3,435
4.500% due 06/01/2027	300	272
4.750% due 12/15/2026	8,200	7,712
4.950% due 04/15/2028	700	645
Equinix, Inc. 2.150% due 07/15/2030	3,000	2,430
Equitable Financial Life Global Funding 1.800% due 03/08/2028	7,000	6,074
ERP Operating LP
3.375% due 06/01/2025	1,700	1,668
3.500% due 03/01/2028	1,774	1,691
Essex Portfolio LP
3.000% due 01/15/2030	3,800	3,364
3.375% due 04/15/2026	820	793
3.875% due 05/01/2024	2,890	2,884
Extra Space Storage LP 2.350% due 03/15/2032	1,600	1,270
Fairfax Financial Holdings Ltd. 4.625% due 04/29/2030	4,300	4,133
Federal Realty OP LP
3.250% due 07/15/2027	2,500	2,353
3.500% due 06/01/2030	1,693	1,539
Fidelity National Financial, Inc. 2.450% due 03/15/2031	900	717
First American Financial Corp.
2.400% due 08/15/2031	2,268	1,751
4.300% due 02/01/2023	3,897	3,903
FMR LLC
4.950% due 02/01/2033	1,600	1,603
5.150% due 02/01/2043	300	289
Ford Motor Credit Co. LLC
2.366% (US0003M + 1.080%) due 08/03/2022 ~	500	499

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

3.550% due 10/07/2022	10,100	10,067
5.584% due 03/18/2024	13,300	13,258
FS KKR Capital Corp.
1.650% due 10/12/2024	7,100	6,322
2.625% due 01/15/2027	100	84
GA Global Funding Trust 1.625% due 01/15/2026	1,500	1,361
General Motors Financial Co., Inc. 3.275% (US0003M + 0.990%) due 01/05/2023 ~	130	130
Global Atlantic Fin Co. 4.400% due 10/15/2029	200	181
GLP Capital LP
3.350% due 09/01/2024	2,380	2,284
4.000% due 01/15/2030	2,700	2,369
4.000% due 01/15/2031	6,200	5,357
5.300% due 01/15/2029	2,800	2,681
5.375% due 11/01/2023	2,600	2,608
5.375% due 04/15/2026	100	98
5.750% due 06/01/2028	1,200	1,174
Goldman Sachs Group, Inc.
2.184% (US0003M + 1.000%) due 07/24/2023 ~	4,218	4,214
2.581% (US0003M + 1.170%) due 05/15/2026 ~	5,000	4,884
3.615% due 03/15/2028 •	3,200	3,031
3.800% due 03/15/2030	100	93
4.223% due 05/01/2029 •	6,800	6,543
Golub Capital BDC, Inc. 2.050% due 02/15/2027	3,400	2,763
Goodman HK Finance 4.375% due 06/19/2024	900	905
Goodman U.S. Finance Four LLC 4.500% due 10/15/2037	2,125	1,967
Goodman U.S. Finance Three LLC 3.700% due 03/15/2028	8,500	8,145
Growthpoint Properties International Pty. Ltd. 5.872% due 05/02/2023	1,900	1,899
Guardian Life Global Funding
1.625% due 09/16/2028	100	83
2.900% due 05/06/2024	3,100	3,057
Hanover Insurance Group, Inc. 2.500% due 09/01/2030	1,500	1,254
Healthcare Realty Trust, Inc. 3.875% due 05/01/2025	160	157
Highwoods Realty LP
2.600% due 02/01/2031	1,000	823
3.050% due 02/15/2030	3,500	3,016
Host Hotels & Resorts LP
3.375% due 12/15/2029	3,700	3,135
3.500% due 09/15/2030	1,700	1,454
4.000% due 06/15/2025	400	392
HSBC Holdings PLC
2.013% due 09/22/2028 •	1,200	1,027
2.099% due 06/04/2026 •	4,700	4,347
2.848% due 06/04/2031 •	500	423
4.600% due 12/17/2030 •(e)(f)	4,100	3,162
4.700% due 03/09/2031 •(e)	5,900	4,452
6.500% due 09/15/2037	500	534
Hudson Pacific Properties LP
3.250% due 01/15/2030	1,100	959
3.950% due 11/01/2027	7,700	7,339
4.650% due 04/01/2029	3,600	3,459
Indian Railway Finance Corp. Ltd. 3.249% due 02/13/2030	2,400	2,080
ING Groep NV
3.285% (US0003M + 1.000%) due 10/02/2023 ~	3,330	3,341
3.875% due 05/16/2027 •(e)(f)	200	146
4.250% due 05/16/2031 •(e)(f)	5,800	3,969
Intesa Sanpaolo SpA
3.250% due 09/23/2024	3,200	3,101
5.017% due 06/26/2024	1,660	1,585
Invitation Homes Operating Partnership LP
2.000% due 08/15/2031	4,421	3,406
2.300% due 11/15/2028	1,800	1,516
Jackson National Life Global Funding 3.050% due 04/29/2026	440	422
JPMorgan Chase & Co.
1.514% due 06/01/2024 •	10,000	9,753
1.764% due 11/19/2031 •	700	554
1.847% (SOFRRATE + 0.885%) due 04/22/2027 ~	1,000	953
2.074% (US0003M + 0.890%) due 07/23/2024 ~	6,390	6,365
2.301% due 10/15/2025 •	5,100	4,862
2.414% (US0003M + 1.230%) due 10/24/2023 ~	3,100	3,100
2.545% due 11/08/2032 •	300	250
5.500% due 10/15/2040	600	619
8.750% due 09/01/2030	75	92
Kilroy Realty LP
3.050% due 02/15/2030	7,533	6,463

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

4.375% due 10/01/2025	4,300	4,252
4.750% due 12/15/2028	300	294
LeasePlan Corp. NV 2.875% due 10/24/2024	3,400	3,259
Legg Mason, Inc. 5.625% due 01/15/2044	1,000	1,029
Life Storage LP
3.875% due 12/15/2027	2,700	2,574
4.000% due 06/15/2029	1,475	1,362
Lloyds Bank PLC 0.000% due 04/02/2032 þ	2,400	1,544
Lloyds Banking Group PLC
0.695% due 05/11/2024 •	1,800	1,748
3.750% due 01/11/2027	12,600	12,174
4.450% due 05/08/2025	16,700	16,737
4.550% due 08/16/2028	1,600	1,565
Loews Corp. 3.200% due 05/15/2030	2,900	2,643
LXP Industrial Trust 2.700% due 09/15/2030	2,400	1,974
Macquarie Group Ltd. 3.189% due 11/28/2023 •	8,000	7,983
MassMutual Global Funding
0.480% due 08/28/2023	800	777
2.750% due 06/22/2024	700	687
Meiji Yasuda Life Insurance Co. 5.100% due 04/26/2048 •	600	593
Metropolitan Life Global Funding 1.810% (SOFRRATE + 0.300%) due 09/27/2024 ~	550	543
Mid-America Apartments LP
1.100% due 09/15/2026	4,600	4,044
3.750% due 06/15/2024	1,500	1,496
3.950% due 03/15/2029	2,747	2,626
4.200% due 06/15/2028	3,500	3,428
Mitsubishi HC Capital, Inc.
2.652% due 09/19/2022	900	900
3.559% due 02/28/2024	340	338
Mitsubishi UFJ Financial Group, Inc.
1.412% due 07/17/2025	12,000	11,035
2.494% due 10/13/2032 •	3,100	2,555
3.195% due 07/18/2029	3,600	3,251
Mizuho Financial Group Cayman Ltd. 4.600% due 03/27/2024	5,850	5,870
Mizuho Financial Group, Inc.
1.241% due 07/10/2024 •	16,600	16,146
1.979% (US0003M + 0.990%) due 07/10/2024 ~	800	797
2.154% (US0003M + 0.630%) due 05/25/2024 ~	12,600	12,466
2.275% (US0003M + 0.610%) due 09/08/2024 ~	5,000	4,947
2.571% (US0003M + 0.850%) due 09/13/2023 ~	12,700	12,688
2.601% due 09/11/2022	300	300
2.721% due 07/16/2023 •	17,810	17,811
2.869% due 09/13/2030 •	800	696
Morgan Stanley 2.591% (US0003M + 1.220%) due 05/08/2024 ~	5,300	5,303
Morgan Stanley Direct Lending Fund 4.500% due 02/11/2027	2,000	1,819
Morgan Stanley Domestic Holdings, Inc. 4.500% due 06/20/2028	1,700	1,703
MPT Operating Partnership LP
3.500% due 03/15/2031	100	79
4.625% due 08/01/2029	2,600	2,287
Nasdaq, Inc. 2.500% due 12/21/2040	300	209
National Health Investors, Inc. 3.000% due 02/01/2031	2,600	1,998
National Securities Clearing Corp. 0.750% due 12/07/2025	600	542
Nationwide Building Society
3.766% due 03/08/2024 •	2,465	2,459
3.960% due 07/18/2030 •	8,500	7,896
4.302% due 03/08/2029 •	12,200	11,687
4.363% due 08/01/2024 •	9,400	9,414
Nationwide Financial Services, Inc. 3.900% due 11/30/2049	1,900	1,550
Nationwide Mutual Insurance Co. 9.375% due 08/15/2039	100	137
Natwest Group PLC
0.000% due 03/22/2025 •	16,389	16,235
3.747% (US0003M + 1.550%) due 06/25/2024 ~	8,200	8,210
4.800% due 04/05/2026	500	499
4.892% due 05/18/2029 •	3,200	3,104
5.076% due 01/27/2030 •	23,000	22,536
NatWest Markets PLC 2.273% (SOFRRATE + 0.760%) due 09/29/2026 ~	2,100	2,029
Neuberger Berman Group LLC 4.500% due 03/15/2027	884	884

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Nippon Life Insurance Co. 2.750% due 01/21/2051 •	200	162
Nissan Motor Acceptance Co. LLC
1.050% due 03/08/2024	16,000	15,018
2.750% due 03/09/2028	200	167
3.875% due 09/21/2023	3,700	3,676
Nomura Holdings, Inc.
1.653% due 07/14/2026	10,300	9,038
1.851% due 07/16/2025	4,000	3,668
2.679% due 07/16/2030	5,000	4,094
3.103% due 01/16/2030	3,200	2,725
Nordea Bank Abp
2.538% (US0003M + 0.940%) due 08/30/2023 ~	1,100	1,099
3.750% due 03/01/2029 •(e)(f)	2,300	1,700
Omega Healthcare Investors, Inc.
4.375% due 08/01/2023	1,346	1,351
4.500% due 04/01/2027	2,650	2,515
Owl Rock Capital Corp. 2.875% due 06/11/2028	2,600	2,044
Pacific Life Global Funding II
1.600% due 09/21/2028	4,900	4,105
2.009% (SOFRRATE + 0.620%) due 06/04/2026 ~	1,700	1,658
Pacific Life Insurance Co. 9.250% due 06/15/2039	600	863
Pacific LifeCorp 3.350% due 09/15/2050	1,000	752
Park Aerospace Holdings Ltd.
4.500% due 03/15/2023	790	787
5.500% due 02/15/2024	191	190
Physicians Realty LP
3.950% due 01/15/2028	1,800	1,718
4.300% due 03/15/2027	2,475	2,428
PNC Financial Services Group, Inc. 6.000% due 05/15/2027 •(e)	6,500	6,256
Pricoa Global Funding 0.800% due 09/01/2025	1,530	1,398
Principal Life Global Funding 1.250% due 06/23/2025	1,000	919
Prologis LP 4.375% due 02/01/2029	800	800
Protective Life Corp. 3.400% due 01/15/2030	6,600	6,046
Protective Life Global Funding
1.170% due 07/15/2025	1,500	1,379
1.737% due 09/21/2030	4,800	3,847
Rayonier LP 2.750% due 05/17/2031	4,873	4,073
Regency Centers LP 2.950% due 09/15/2029	1,800	1,584
Rexford Industrial Realty LP 2.125% due 12/01/2030	200	161
Sabra Health Care LP
3.200% due 12/01/2031	2,950	2,344
3.900% due 10/15/2029	2,300	2,033
Santander Holdings USA, Inc.
3.244% due 10/05/2026	8,220	7,715
3.400% due 01/18/2023	6,600	6,592
3.450% due 06/02/2025	6,500	6,257
Santander U.K. Group Holdings PLC
3.373% due 01/05/2024 •	800	796
3.823% due 11/03/2028 •	500	465
4.750% due 09/15/2025	2,600	2,570
Santander U.K. PLC
2.875% due 06/18/2024	5,500	5,371
5.000% due 11/07/2023	573	578
SBA Tower Trust 1.631% due 05/15/2051	15,600	13,973
Sberbank of Russia Via SB Capital SA
5.125% due 10/29/2022 ^(b)	15,000	1,050
5.250% due 05/23/2023 ^(b)(f)	1,100	77
Service Properties Trust
4.650% due 03/15/2024	600	516
4.750% due 10/01/2026	3,700	2,701
SL Green Operating Partnership LP 3.250% due 10/15/2022	10,010	9,986
SL Green Realty Corp. 4.500% due 12/01/2022	7,200	7,210
SMBC Aviation Capital Finance DAC
3.550% due 04/15/2024	4,955	4,825
4.125% due 07/15/2023	4,200	4,166
Societe Generale SA
1.792% due 06/09/2027 •	9,800	8,565
1.998% (SOFRRATE + 1.050%) due 01/21/2026 ~	1,200	1,157
6.221% due 06/15/2033 •	4,500	4,300
Spirit Realty LP
2.100% due 03/15/2028	5,100	4,280

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

3.200% due 02/15/2031	1,300	1,090
4.000% due 07/15/2029	1,700	1,556
Standard Chartered PLC
0.991% due 01/12/2025 •	6,500	6,144
1.319% due 10/14/2023 •	3,700	3,674
2.678% due 06/29/2032 •	200	161
4.750% due 01/14/2031 •(e)(f)	5,700	4,369
Stellantis Finance U.S., Inc. 1.711% due 01/29/2027	2,500	2,176
Stifel Financial Corp. 4.000% due 05/15/2030	100	93
STORE Capital Corp.
2.750% due 11/18/2030	1,000	816
4.625% due 03/15/2029	1,500	1,465
Sumitomo Mitsui Financial Group, Inc.
1.474% due 07/08/2025	14,300	13,153
1.902% due 09/17/2028	9,200	7,806
Sumitomo Mitsui Trust Bank Ltd. 0.800% due 09/12/2023	4,600	4,449
Sun Communities Operating LP
2.700% due 07/15/2031	100	81
4.200% due 04/15/2032	1,900	1,730
SVB Financial Group 4.345% due 04/29/2028 •	2,300	2,245
Teachers Insurance & Annuity Association of America 4.375% due 09/15/2054 •	2,800	2,748
Texas Capital Bancshares, Inc. 4.000% due 05/06/2031 •	1,040	958
Trust Fibra Uno 4.869% due 01/15/2030	4,500	3,814
Trustage Financial Group, Inc. 4.625% due 04/15/2032	9,600	8,815
UBS AG
1.529% (SOFRRATE + 0.360%) due 02/09/2024 ~	11,800	11,727
7.625% due 08/17/2022 (f)	4,750	4,764
UBS Group AG
2.095% due 02/11/2032 •	200	159
2.361% (US0003M + 0.950%) due 08/15/2023 ~	8,400	8,398
2.859% due 08/15/2023 •	15,130	15,126
4.375% due 02/10/2031 •(e)(f)	1,700	1,248
4.875% due 02/12/2027 •(e)(f)	1,400	1,175
UDR, Inc.
3.000% due 08/15/2031	8,590	7,349
3.100% due 11/01/2034	2,200	1,809
3.200% due 01/15/2030	2,700	2,427
UniCredit SpA
5.459% due 06/30/2035 •	8,800	7,119
7.296% due 04/02/2034 •	6,509	5,988
7.830% due 12/04/2023	14,800	15,332
Unum Group 3.875% due 11/05/2025	4,760	4,684
Vanke Real Estate Hong Kong Co. Ltd. 3.074% (US0003M + 1.550%) due 05/25/2023 ~	700	695
Vonovia Finance BV 5.000% due 10/02/2023	6,055	6,102
WEA Finance LLC 3.750% due 09/17/2024	6,950	6,713
Wells Fargo & Co.
3.526% due 03/24/2028 •	4,300	4,077
3.750% due 01/24/2024	1,900	1,906
Wells Fargo Bank NA 6.600% due 01/15/2038	720	835
Weyerhaeuser Co.
4.000% due 11/15/2029	3,600	3,407
4.000% due 04/15/2030	12,500	11,779
WP Carey, Inc.
4.000% due 02/01/2025	5,200	5,170
4.250% due 10/01/2026	2,900	2,864
		1,510,645
INDUSTRIALS 28.8%
AbbVie, Inc.
2.950% due 11/21/2026	1,100	1,043
3.200% due 11/21/2029	3,480	3,204
Adani Transmission Step-One Ltd. 4.000% due 08/03/2026	1,600	1,509
Air Canada Pass-Through Trust 3.300% due 07/15/2031	3,940	3,591
Alaska Airlines Pass-Through Trust 4.800% due 02/15/2029	5,603	5,540
Alcon Finance Corp. 2.600% due 05/27/2030	7,700	6,555
Alibaba Group Holding Ltd.
2.125% due 02/09/2031	5,000	4,139
2.700% due 02/09/2041	700	482

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

3.150% due 02/09/2051	200	137
4.500% due 11/28/2034	6,750	6,325
Allegion PLC 3.500% due 10/01/2029	3,000	2,656
American Airlines Pass-Through Trust
2.875% due 01/11/2036	100	85
3.000% due 04/15/2030	4,851	4,408
3.150% due 08/15/2033	5,020	4,453
3.350% due 04/15/2031	7,208	6,639
3.375% due 11/01/2028	781	702
3.575% due 07/15/2029	1,845	1,717
3.600% due 03/22/2029	4,071	3,779
3.700% due 04/01/2028	450	391
Amgen, Inc. 3.625% due 05/22/2024	3,150	3,146
AP Moller - Maersk AS 3.875% due 09/28/2025	1,430	1,428
Arrow Electronics, Inc. 4.500% due 03/01/2023	9,220	9,256
Ashtead Capital, Inc. 4.000% due 05/01/2028	4,000	3,614
Autodesk, Inc. 3.600% due 12/15/2022	700	700
Bacardi Ltd.
4.450% due 05/15/2025	9,100	9,019
5.150% due 05/15/2038	200	190
BAE Systems PLC 3.400% due 04/15/2030	800	731
Baxter International, Inc.
0.868% due 12/01/2023	2,500	2,400
1.322% due 11/29/2024	2,500	2,350
2.272% due 12/01/2028	700	614
Bayer U.S. Finance LLC
3.875% due 12/15/2023	1,900	1,897
4.250% due 12/15/2025	7,500	7,415
4.375% due 12/15/2028	2,300	2,242
Berry Global, Inc. 4.875% due 07/15/2026	14,400	13,770
Boeing Co.
1.433% due 02/04/2024	12,800	12,237
1.875% due 06/15/2023	2,125	2,075
2.196% due 02/04/2026	23,400	21,129
2.800% due 03/01/2024	1,080	1,059
2.950% due 02/01/2030	300	250
3.625% due 02/01/2031	3,350	2,895
5.705% due 05/01/2040	4,500	4,205
5.930% due 05/01/2060	10,000	9,127
British Airways Pass-Through Trust
2.900% due 09/15/2036	100	88
3.300% due 06/15/2034	92	82
3.350% due 12/15/2030	4,389	3,832
3.800% due 03/20/2033	1,591	1,507
4.125% due 03/20/2033	1,979	1,797
4.250% due 05/15/2034	278	268
Broadcom, Inc.
2.450% due 02/15/2031	37,220	29,941
2.600% due 02/15/2033	9,200	7,085
3.137% due 11/15/2035	15,099	11,487
3.187% due 11/15/2036	4,534	3,453
3.419% due 04/15/2033	7,343	6,080
3.469% due 04/15/2034	20,159	16,434
4.150% due 11/15/2030	7,422	6,808
4.300% due 11/15/2032	8,002	7,278
4.926% due 05/15/2037	24,949	22,403
Cameron LNG LLC 3.402% due 01/15/2038	100	85
CDW LLC 2.670% due 12/01/2026	2,500	2,232
CGI, Inc.
1.450% due 09/14/2026	9,500	8,397
2.300% due 09/14/2031	100	80
Charter Communications Operating LLC
3.500% due 06/01/2041	8,500	5,963
3.850% due 04/01/2061	500	330
3.900% due 06/01/2052	8,600	5,987
4.800% due 03/01/2050	9,700	7,705
5.125% due 07/01/2049	2,000	1,659
Cheniere Corpus Christi Holdings LLC 3.700% due 11/15/2029	700	641
Citrix Systems, Inc.
1.250% due 03/01/2026	3,210	3,110
3.300% due 03/01/2030	3,700	3,613
Constellation Brands, Inc.
2.250% due 08/01/2031	100	81
4.750% due 11/15/2024	900	913

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Continental Resources, Inc. 5.750% due 01/15/2031	1,000	969
CoStar Group, Inc. 2.800% due 07/15/2030	3,000	2,501
Cox Communications, Inc.
1.800% due 10/01/2030	4,400	3,485
3.150% due 08/15/2024	552	539
Crown Castle Towers LLC 4.241% due 07/15/2048	900	875
CVS Pass-Through Trust 7.507% due 01/10/2032	1,359	1,482
DAE Funding LLC
2.625% due 03/20/2025	4,200	3,912
3.375% due 03/20/2028	400	352
Daimler Trucks Finance North America LLC 2.088% (SOFRRATE + 0.600%) due 12/14/2023 ~	7,000	6,948
Dell International LLC
5.450% due 06/15/2023	73	74
6.100% due 07/15/2027	855	897
6.200% due 07/15/2030	2,400	2,500
8.350% due 07/15/2046	124	155
Delta Air Lines, Inc.
2.900% due 10/28/2024	11,345	10,506
3.750% due 10/28/2029	6,500	5,162
7.375% due 01/15/2026	1,104	1,105
Devon Energy Corp. 5.250% due 09/15/2024	6,635	6,774
Diageo Capital PLC 3.500% due 09/18/2023	3,750	3,764
Ecopetrol SA 4.625% due 11/02/2031	100	76
Energy Transfer LP
4.900% due 03/15/2035	50	45
7.600% due 02/01/2024	7,900	8,233
Eni SpA 4.000% due 09/12/2023	7,500	7,467
EQM Midstream Partners LP 4.000% due 08/01/2024	898	835
Expedia Group, Inc.
2.950% due 03/15/2031	7,850	6,252
3.250% due 02/15/2030	3,000	2,505
6.250% due 05/01/2025	11,336	11,689
FactSet Research Systems, Inc. 2.900% due 03/01/2027	2,500	2,340
Ferguson Finance PLC 3.250% due 06/02/2030	1,100	953
Fiserv, Inc. 3.500% due 07/01/2029	3,700	3,378
Flex Intermediate Holdco LLC 3.363% due 06/30/2031	9,700	7,931
Flex Ltd. 3.750% due 02/01/2026	1,066	1,021
Fresenius Medical Care U.S. Finance, Inc.
1.875% due 12/01/2026	9,700	8,362
2.375% due 02/16/2031	200	158
Gazprom PJSC Via Gaz Capital SA 4.950% due 07/19/2022	3,000	2,325
GE Capital International Funding Co. Unlimited Co. 4.418% due 11/15/2035	2,700	2,525
Georgia-Pacific LLC
3.600% due 03/01/2025	600	597
8.000% due 01/15/2024	200	212
GSK Consumer Healthcare Capital U.S. LLC 3.375% due 03/24/2027	3,250	3,113
GTL Trade Finance, Inc. 7.250% due 04/16/2044 (i)	500	521
HCA, Inc. 5.500% due 06/15/2047	100	89
HF Sinclair Corp.
2.625% due 10/01/2023	7,200	6,996
5.875% due 04/01/2026	4,500	4,545
Hyatt Hotels Corp.
1.800% due 10/01/2024	9,900	9,366
2.563% (SOFRINDX + 1.050%) due 10/01/2023 ~	10,000	9,983
6.000% due 04/23/2030	7,100	7,161
Hyundai Capital America
0.875% due 06/14/2024	6,500	6,081
1.500% due 06/15/2026	2,000	1,773
Imperial Brands Finance PLC
3.125% due 07/26/2024	9,330	9,042
3.500% due 02/11/2023	200	199
3.500% due 07/26/2026	8,500	7,977
4.250% due 07/21/2025	4,174	4,138
Infor, Inc. 1.750% due 07/15/2025	3,800	3,519

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

JetBlue Pass-Through Trust 2.750% due 11/15/2033	2,315	2,010
Kaiser Foundation Hospitals 2.810% due 06/01/2041	100	78
Kinder Morgan, Inc. 8.050% due 10/15/2030	7,150	8,216
Komatsu Finance America, Inc. 2.437% due 09/11/2022	2,600	2,597
Las Vegas Sands Corp.
2.900% due 06/25/2025	900	804
3.200% due 08/08/2024	19,150	18,110
Level 3 Financing, Inc.
3.400% due 03/01/2027	5,575	4,813
3.875% due 11/15/2029	3,950	3,270
Magallanes, Inc. 4.279% due 03/15/2032	7,450	6,666
Marriott International, Inc.
4.150% due 12/01/2023	12,000	12,050
4.625% due 06/15/2030	3,900	3,743
Marvell Technology, Inc. 2.450% due 04/15/2028	4,900	4,282
MDC Holdings, Inc. 3.966% due 08/06/2061	200	115
Microchip Technology, Inc. 0.983% due 09/01/2024	300	280
Mileage Plus Holdings LLC 6.500% due 06/20/2027	6,600	6,506
Mitsubishi Corp. 2.625% due 07/14/2022	400	400
MMK International Capital DAC 4.375% due 06/13/2024	1,400	504
Moody's Corp.
3.250% due 05/20/2050	600	448
4.875% due 02/15/2024	525	535
National Fuel Gas Co. 2.950% due 03/01/2031	1,600	1,300
NetApp, Inc. 3.250% due 12/15/2022	4,000	4,003
Netflix, Inc.
4.375% due 11/15/2026	3,700	3,575
4.875% due 04/15/2028	2,800	2,641
4.875% due 06/15/2030	3,000	2,751
5.375% due 11/15/2029	3,525	3,337
5.875% due 11/15/2028	700	686
Newcrest Finance Pty. Ltd. 5.750% due 11/15/2041	100	99
Nissan Motor Co. Ltd.
3.043% due 09/15/2023	12,690	12,484
4.345% due 09/17/2027	8,400	7,717
4.810% due 09/17/2030	15,438	13,730
Norfolk Southern Corp. 4.100% due 05/15/2121	100	75
Northern Natural Gas Co.
4.100% due 09/15/2042	580	495
4.300% due 01/15/2049	200	175
Northwest Pipeline LLC 4.000% due 04/01/2027	5,770	5,625
NVR, Inc. 3.000% due 05/15/2030	2,760	2,381
NXP BV 5.000% due 01/15/2033	700	684
Odebrecht Oil & Gas Finance Ltd. 0.000% due 08/01/2022 (d)(e)	408	2
ONEOK Partners LP 4.900% due 03/15/2025	800	807
Oracle Corp. 1.650% due 03/25/2026 (g)	6,800	6,103
Pacific National Finance Pty. Ltd. 4.750% due 03/22/2028	900	861
Packaging Corp. of America 3.650% due 09/15/2024	400	399
Penske Truck Leasing Co. LP 3.950% due 03/10/2025	4,550	4,485
Phosagro OAO Via Phosagro Bond Funding DAC 3.949% due 04/24/2023 ^(b)	1,500	405
Prosus NV 3.680% due 01/21/2030	1,700	1,356
PulteGroup, Inc. 6.375% due 05/15/2033	100	103
QVC, Inc. 5.450% due 08/15/2034	260	180
Renesas Electronics Corp. 1.543% due 11/26/2024	5,600	5,234
Sabine Pass Liquefaction LLC
4.200% due 03/15/2028	700	674
4.500% due 05/15/2030	15,700	15,062

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

5.625% due 04/15/2023	3,525	3,559
5.625% due 03/01/2025	3,667	3,744
5.750% due 05/15/2024	4,770	4,869
5.875% due 06/30/2026	10,400	10,764
Sands China Ltd.
2.550% due 03/08/2027	3,300	2,409
3.100% due 03/08/2029	4,500	3,192
3.250% due 08/08/2031	3,600	2,384
3.800% due 01/08/2026	2,000	1,606
4.875% due 06/18/2030	3,100	2,271
5.125% due 08/08/2025	3,100	2,606
5.400% due 08/08/2028	4,300	3,322
Santos Finance Ltd. 3.649% due 04/29/2031	5,700	4,841
Skyworks Solutions, Inc. 1.800% due 06/01/2026	2,400	2,132
Southern Co.
3.700% due 04/30/2030	7,800	7,245
4.250% due 07/01/2036	100	92
Spectra Energy Partners LP 3.375% due 10/15/2026	3,598	3,426
Spirit AeroSystems, Inc.
3.850% due 06/15/2026	200	172
3.950% due 06/15/2023	4,200	3,944
Spirit Airlines Pass-Through Trust
3.650% due 08/15/2031	3,051	2,673
4.100% due 10/01/2029	127	122
Sprint Spectrum Co. LLC 4.738% due 03/20/2025	756	757
Suntory Holdings Ltd. 2.250% due 10/16/2024	3,500	3,347
Syngenta Finance NV
4.441% due 04/24/2023	4,725	4,765
4.892% due 04/24/2025	5,600	5,620
5.182% due 04/24/2028	3,991	4,044
T-Mobile USA, Inc.
2.250% due 11/15/2031	10,000	8,126
2.400% due 03/15/2029	4,300	3,720
2.700% due 03/15/2032	7,900	6,638
3.875% due 04/15/2030	17,800	16,629
4.500% due 04/15/2050	700	623
TD SYNNEX Corp.
1.250% due 08/09/2024	15,100	14,104
1.750% due 08/09/2026	7,225	6,375
2.375% due 08/09/2028	100	84
Tencent Holdings Ltd.
2.880% due 04/22/2031	1,700	1,462
3.595% due 01/19/2028	3,900	3,708
Tennessee Gas Pipeline Co. LLC 2.900% due 03/01/2030	5,000	4,324
Textron, Inc. 3.375% due 03/01/2028	1,500	1,414
Time Warner Cable LLC
6.550% due 05/01/2037	1,900	1,906
6.750% due 06/15/2039	1,200	1,195
Tyson Foods, Inc. 3.900% due 09/28/2023	1,200	1,205
U.S. Airways Pass-Through Trust 7.125% due 04/22/2025	833	841
United Airlines Pass-Through Trust
2.700% due 11/01/2033	3,425	2,930
2.875% due 04/07/2030	686	627
2.900% due 11/01/2029	3,089	2,720
3.500% due 09/01/2031	648	593
4.000% due 10/11/2027	739	696
4.150% due 10/11/2025	3,640	3,576
4.150% due 02/25/2033	1,513	1,426
4.300% due 02/15/2027	754	722
5.875% due 04/15/2029	11,686	11,503
VMware, Inc.
1.400% due 08/15/2026	3,700	3,276
4.700% due 05/15/2030	5,780	5,579
Weir Group PLC 2.200% due 05/13/2026	20,300	17,873
Westinghouse Air Brake Technologies Corp.
3.200% due 06/15/2025	3,677	3,510
4.950% due 09/15/2028	8,003	7,737
Woodside Finance Ltd.
3.650% due 03/05/2025	1,300	1,279
3.700% due 09/15/2026	2,500	2,413
Wyeth LLC 7.250% due 03/01/2023	8,000	8,208
Yale University 1.482% due 04/15/2030	2,000	1,697
Yara International ASA
3.148% due 06/04/2030	810	692

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

3.800% due 06/06/2026	3,600	3,449
4.750% due 06/01/2028	2,700	2,588
		934,060
UTILITIES 9.1%
AES Corp.
3.300% due 07/15/2025	2,000	1,879
3.950% due 07/15/2030	2,000	1,810
American Transmission Systems, Inc. 2.650% due 01/15/2032	2,200	1,866
Arizona Public Service Co. 2.650% due 09/15/2050	3,330	2,139
Baltimore Gas & Electric Co. 2.400% due 08/15/2026	5,900	5,569
Black Hills Corp. 2.500% due 06/15/2030	2,200	1,840
Boston Gas Co. 4.487% due 02/15/2042	1,400	1,253
Duke Energy Corp. 3.950% due 10/15/2023	500	502
Duke Energy Ohio, Inc. 6.900% due 06/01/2025	5,221	5,621
East Ohio Gas Co. 1.300% due 06/15/2025	4,212	3,877
Electricite de France SA 6.950% due 01/26/2039	1,400	1,554
Enel Finance International NV
1.375% due 07/12/2026	13,200	11,599
2.650% due 09/10/2024	1,960	1,900
4.750% due 05/25/2047	200	171
Engie SA 2.875% due 10/10/2022	783	781
Entergy Corp.
1.900% due 06/15/2028	8,800	7,559
2.400% due 06/15/2031	3,500	2,850
3.750% due 06/15/2050	2,900	2,282
Exelon Corp. 3.400% due 04/15/2026	700	680
Fells Point Funding Trust 3.046% due 01/31/2027	3,400	3,138
FirstEnergy Transmission LLC 2.866% due 09/15/2028	8,300	7,028
Gazprom PJSC via Gaz Finance PLC
2.950% due 01/27/2029	13,200	3,960
3.000% due 06/29/2027	7,300	2,190
Georgia Power Co. 3.250% due 03/15/2051	9,290	6,842
IPALCO Enterprises, Inc.
3.700% due 09/01/2024	506	501
4.250% due 05/01/2030	3,787	3,521
Jersey Central Power & Light Co. 4.300% due 01/15/2026	8,684	8,588
Midwest Connector Capital Co. LLC
3.900% due 04/01/2024	3,616	3,551
4.625% due 04/01/2029	1,200	1,133
Mississippi Power Co. 3.950% due 03/30/2028	100	97
Monongahela Power Co. 3.550% due 05/15/2027	3,195	3,042
New York State Electric & Gas Corp. 3.300% due 09/15/2049	200	154
NextEra Energy Capital Holdings, Inc. 1.498% (SOFRINDX + 0.400%) due 11/03/2023 ~	2,000	1,972
NGPL PipeCo LLC 4.875% due 08/15/2027	1,295	1,282
Niagara Mohawk Power Corp.
3.508% due 10/01/2024	10,000	9,808
4.278% due 12/15/2028	5,000	4,926
Novatek OAO via Novatek Finance DAC 4.422% due 12/13/2022	2,600	1,397
Odebrecht Offshore Drilling Finance Ltd. 6.720% due 12/01/2022 ^	84	81
Odebrecht Offshore Drilling Finance Ltd. (6.720% Cash and 1.000% PIK) 7.720% due 12/01/2026 ^(a)	3,430	857
Ohio Edison Co. 6.875% due 07/15/2036	1,100	1,291
ONEOK, Inc.
2.750% due 09/01/2024	4,000	3,871
6.000% due 06/15/2035	100	98
Pacific Gas & Electric Co.
2.100% due 08/01/2027	3,700	3,105
2.950% due 03/01/2026	3,800	3,458
3.000% due 06/15/2028	9,500	8,196
3.150% due 01/01/2026	2,400	2,201
3.250% due 06/15/2023	1,000	986

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

3.250% due 06/01/2031	3,500	2,830
3.300% due 12/01/2027	1,500	1,311
3.400% due 08/15/2024	3,800	3,655
3.450% due 07/01/2025	9,715	9,146
3.500% due 06/15/2025	20,300	19,244
3.750% due 02/15/2024	12,900	12,616
3.750% due 07/01/2028	3,015	2,664
3.850% due 11/15/2023	7,347	7,252
4.200% due 03/01/2029	10,000	8,936
4.250% due 08/01/2023	16,103	16,019
4.500% due 12/15/2041	4,969	3,663
4.550% due 07/01/2030	9,853	8,764
4.650% due 08/01/2028	400	371
4.950% due 06/08/2025	3,400	3,337
5.450% due 06/15/2027	2,500	2,422
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara 3.000% due 06/30/2030	3,000	2,465
Public Service Co. of Oklahoma 6.625% due 11/15/2037	2,200	2,484
Rio Oil Finance Trust
9.250% due 07/06/2024	630	654
9.750% due 01/06/2027	985	1,051
San Diego Gas & Electric Co. 3.000% due 03/15/2032	3,000	2,688
Sempra Energy
4.125% due 04/01/2052 •	1,200	965
6.000% due 10/15/2039	800	848
Southern California Edison Co.
0.700% due 08/01/2023	10,100	9,793
2.153% (SOFRINDX + 0.640%) due 04/03/2023 ~	1,820	1,817
2.343% (SOFRINDX + 0.830%) due 04/01/2024 ~	2,700	2,672
2.850% due 08/01/2029	2,000	1,774
3.400% due 06/01/2023	100	99
3.900% due 12/01/2041	400	326
4.875% due 03/01/2049	4,277	3,885
6.650% due 04/01/2029	4,500	4,816
Southern California Gas Co. 3.950% due 02/15/2050	2,100	1,822
Southern Co. Gas Capital Corp. 4.400% due 05/30/2047	300	262
System Energy Resources, Inc. 2.140% due 12/09/2025	3,300	3,067
Toledo Edison Co. 2.650% due 05/01/2028	2,833	2,657
Verizon Communications, Inc.
2.007% (SOFRINDX + 0.500%) due 03/22/2024 ~	500	494
2.355% due 03/15/2032	1,439	1,194
2.550% due 03/21/2031	6,360	5,443
2.850% due 09/03/2041	150	113
2.987% due 10/30/2056	311	217
		296,842
Total Corporate Bonds & Notes (Cost $3,040,740)		2,741,547
CONVERTIBLE BONDS & NOTES 0.0%
INDUSTRIALS 0.0%
Southwest Airlines Co. 1.250% due 05/01/2025	1,000	1,181
Total Convertible Bonds & Notes (Cost $1,247)		1,181
MUNICIPAL BONDS & NOTES 0.7%
CALIFORNIA 0.1%
Alameda County, California Joint Powers Authority Revenue Bonds, (BABs), Series 2010 7.046% due 12/01/2044	100	130
Los Angeles County, California Public Works Financing Authority Revenue Bonds, (BABs), Series 2010 7.618% due 08/01/2040	100	131
Los Angeles Department of Water & Power System, California Revenue Bonds, (BABs), Series 2009 6.008% due 07/01/2039	600	675
Napa Valley Unified School District, California General Obligation Bonds, (BABs), Series 2010 6.507% due 08/01/2043	300	363
Riverside, California Electric Revenue Bonds, (BABs), Series 2010 7.605% due 10/01/2040	300	403
		1,702
GEORGIA 0.3%
Municipal Electric Authority of Georgia Revenue Bonds, (BABs), Series 2010 6.655% due 04/01/2057	8,349	10,031

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

ILLINOIS 0.0%
Chicago Transit Authority, Illinois Revenue Bonds, (BABs), Series 2010 6.200% due 12/01/2040	625	719
MASSACHUSETTS 0.0%
Massachusetts School Building Authority Revenue Bonds, Series 2010 5.468% due 06/15/2027	300	322
NEW YORK 0.0%
New York State Urban Development Corp. Revenue Bonds, (BABs), Series 2009 5.770% due 03/15/2039	300	325
OHIO 0.3%
American Municipal Power, Inc., Ohio Revenue Bonds, (BABs), Series 2010 8.084% due 02/15/2050	6,210	9,136
Total Municipal Bonds & Notes (Cost $23,181)		22,235
U.S. GOVERNMENT AGENCIES 3.3%
Ginnie Mae 8.500% due 08/15/2030	7	7
Uniform Mortgage-Backed Security
3.500% due 08/01/2047 - 08/01/2048	3,439	3,362
4.000% due 08/01/2049	1,039	1,036
Uniform Mortgage-Backed Security, TBA
3.000% due 07/01/2052 - 08/01/2052	42,500	39,590
4.000% due 07/01/2052	63,150	62,290
Total U.S. Government Agencies (Cost $107,816)		106,285
U.S. TREASURY OBLIGATIONS 0.5%
U.S. Treasury Bonds
2.250% due 02/15/2052 (i)	19,200	15,807
Total U.S. Treasury Obligations (Cost $16,099)		15,807
NON-AGENCY MORTGAGE-BACKED SECURITIES 0.5%
DC Office Trust 2.965% due 09/15/2045	10,500	9,269
Mill City Mortgage Loan Trust 2.750% due 08/25/2059 ~	337	328
New Residential Mortgage Loan Trust 2.750% due 07/25/2059 ~	6,553	6,351
Structured Asset Mortgage Investments Trust 2.295% due 03/19/2034 •	308	290
Total Non-Agency Mortgage-Backed Securities (Cost $18,016)		16,238
ASSET-BACKED SECURITIES 0.1%
RBSSP Resecuritization Trust 1.166% due 11/26/2036 •	394	387
START Ireland 4.089% due 03/15/2044	517	475
Vertical Bridge Holdings LLC 2.636% due 09/15/2050	4,200	3,910
Total Asset-Backed Securities (Cost $5,102)		4,772
SOVEREIGN ISSUES 1.0%
Emirate of Abu Dhabi Government International Bond 3.125% due 04/16/2030	2,500	2,377
Qatar Government International Bond
3.750% due 04/16/2030	4,300	4,272
3.875% due 04/23/2023	5,900	5,928
Saudi Government International Bond
2.250% due 02/02/2033	9,300	7,749
2.875% due 03/04/2023	6,500	6,493
South Africa Government International Bond 4.850% due 09/30/2029	6,000	5,140
Total Sovereign Issues (Cost $34,398)		31,959
	SHARES
CONVERTIBLE PREFERRED SECURITIES 0.5%
BANKING & FINANCE 0.5%
Wells Fargo & Co. 7.500%	13,190	16,033

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Total Convertible Preferred Securities (Cost $10,405)		16,033
PREFERRED SECURITIES 5.3%
BANKING & FINANCE 3.9%
AGFC Capital Trust 2.794% (US0003M + 1.750%) due 01/15/2067 ~	3,080,000	1,683
American Express Co. 3.550% due 09/15/2026 •(e)	2,400,000	1,959
Bank of America Corp.
5.125% due 06/20/2024 •(e)	8,900,000	8,305
5.875% due 03/15/2028 •(e)	21,585,000	18,979
Bank of New York Mellon Corp. 4.700% due 09/20/2025 •(e)	400,000	392
Capital One Financial Corp. 3.950% due 09/01/2026 •(e)	4,900,000	3,944
Charles Schwab Corp.
4.000% due 12/01/2030 •(e)	10,100,000	7,787
5.000% due 12/01/2027 •(e)	700,000	566
5.375% due 06/01/2025 •(e)	1,700,000	1,687
Citigroup, Inc.
3.875% due 02/18/2026 •(e)	12,500,000	10,406
4.000% due 12/10/2025 •(e)	2,700,000	2,342
CoBank ACB
4.250% due 01/01/2027 •(e)	4,200,000	3,603
6.200% (US0003M + 3.744%) due 01/01/2025 ~(e)	30,000	3,090
Depository Trust & Clearing Corp. 3.375% due 06/20/2026 •(e)	2,000,000	1,582
HSBC Capital Funding LP 10.176% due 06/30/2030 •(e)	4,850,000	6,596
JPMorgan Chase & Co.
3.650% due 06/01/2026 •(e)	6,400,000	5,258
4.000% due 04/01/2025 •(e)	11,800,000	9,750
4.200% due 09/01/2026 (e)	250,000	4,635
4.600% due 02/01/2025 •(e)	4,400,000	3,727
4.625% due 06/01/2026 (e)	110,000	2,185
4.709% (US0003M + 3.470%) due 10/30/2022 ~(e)	1,477,000	1,402
5.000% due 08/01/2024 •(e)	6,200,000	5,475
PNC Financial Services Group, Inc. 3.400% due 09/15/2026 •(e)	2,900,000	2,209
State Street Corp. 5.625% due 12/15/2023 •(e)	1,900,000	1,720
SVB Financial Group 4.100% due 02/15/2031 •(e)	5,700,000	3,948
Truist Financial Corp. 5.100% due 03/01/2030 •(e)	3,600,000	3,276
USB Capital 3.500% due 08/01/2022 •(e)	14,250,000	10,044
		126,550
INDUSTRIALS 0.2%
General Electric Co. 5.159% (US0003M + 3.330%) due 09/15/2022 ~(e)	5,700,000	5,016
UTILITIES 1.2%
AT&T Mobility LLC 7.000% due 10/20/2022 «(e)(g)	1,560,079	39,608

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Total Preferred Securities (Cost $198,487)			171,174
SHORT-TERM INSTRUMENTS 1.0%
REPURCHASE AGREEMENTS (h) 0.2%			6,288
U.S. TREASURY BILLS 0.8%
1.553% due 07/26/2022 - 09/15/2022 (c)(d)(l)	25,746		25,681
			25,681
Total Short-Term Instruments (Cost $31,964)			31,969
Total Investments in Securities (Cost $3,501,543)			3,172,289
	SHARES
INVESTMENTS IN AFFILIATES 2.8%
SHORT-TERM INSTRUMENTS 2.8%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 2.8%
PIMCO Short-Term Floating NAV Portfolio III	9,572,446		92,891
Total Short-Term Instruments (Cost $92,916)			92,891
Total Investments in Affiliates (Cost $92,916)			92,891
Total Investments 100.5% (Cost $3,594,459)		$	3,265,180
Financial Derivative Instruments(j)(k)(0.5)%(Cost or Premiums, net $27,748)			(17,098)
Other Assets and Liabilities, net (0.0)%			1,006
Net Assets 100.0%		$	3,249,088

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 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).

~

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)

Coupon represents a weighted average yield to maturity.

(d)

Zero coupon security.

(e)

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

(f)

Contingent convertible security.

(g)

RESTRICTED SECURITIES:

Issuer Description

Coupon

Maturity Date

Acquisition Date

Cost

Market Value

Market Value as Percentage of Net Assets

AT&T Mobility LLC

7.000

%

10/20/2022

09/24/2020

$

42,197

$

39,608

1.22

%

Citigroup, Inc.

2.572

06/03/2031

05/26/2020

10,500

8,835

0.27

Oracle Corp.

1.650

03/25/2026

03/22/2021

6,798

6,103

0.19

$

59,495

$

54,546

1.68%

BORROWINGS AND OTHER FINANCING TRANSACTIONS

(h)

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

0.400%

06/30/2022

07/01/2022

$

6,288

U.S. Treasury Notes 3.000% due 06/30/2024

$

(6,414)

$

6,288

$

6,288

Total Repurchase Agreements

$

(6,414)

$

6,288

$

6,288

REVERSE REPURCHASE AGREEMENTS:

Counterparty

Borrowing Rate(2)

Settlement Date

Maturity Date

Amount Borrowed(2

Payable for Reverse Repurchase Agreements

JPS

1.390%

06/17/2022

07/15/2022

$

(15,528)

$

(15,536)

NOM

(0.500)

06/17/2022

06/16/2024

(512)

(512)

Total Reverse Repurchase Agreements

$

(16,048)

SHORT SALES:

Description

Coupon

Maturity Date

Principal Amount

Proceeds

Payable for Short Sales

U.S. Government Agencies (0.5)%

Uniform Mortgage-Backed Security, TBA

2.000%

08/01/2052

$

16,900

$

(14,654)

$

(14,655)

Total Short Sales (0.5)%

$

(14,654)

$

(14,655)

(i)

Securities with an aggregate market value of $16,328 and cash of $0 have been pledged as collateral under the terms of master agreements as of June 30, 2022.

(1)

Includes accrued interest.

(2)

The average amount of borrowings outstanding during the period ended June 30, 2022 was $(12,278) at a weighted average interest rate of 0.280%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.

(j)

FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

FUTURES CONTRACTS:
LONG FUTURES CONTRACTS
																																		Variation Margin
Description								Expiration Month				# of Contracts						Notional Amount										Unrealized Appreciation/ (Depreciation)								Asset											Liability
90-Day Eurodollar December Futures								12/2023				2,564			$			621,161						$				(2,468)						$		1,314							$				0
U.S. Treasury Ultra Long-Term Bond September Futures								09/2022				48						7,409										123								113											0
Total Futures Contracts																							$				(2,345)						$		1,427							$				0
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - BUY PROTECTION(1)
																																					Variation Margin
Reference Entity	Fixed (Pay) Rate		Payment Frequency		Maturity Date		Implied Credit Spread at June 30, 2022(3)							Notional Amount(4)					Premiums Paid/ (Received)						Unrealized Appreciation/ (Depreciation)						Market Value(5)									Asset								Liability
ConocoPhillips	(1.000)%		Quarterly		12/20/2024		0.435			%	$			2,500		$			0		$				(35)				$		(35)							$		1				$				0
CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION(2)
																																					Variation Margin
Reference Entity	Fixed Receive Rate		Payment Frequency		Maturity Date		Implied Credit Spread at June 30, 2022(3)							Notional Amount(4)					Premiums Paid/ (Received)						Unrealized Appreciation/ (Depreciation)						Market Value(5)									Asset								Liability
AES Corp.	5.000%		Quarterly		06/20/2026		1.854			%	$			5,000		$			1,022		$				(444)				$		578							$		0				$				0
AT&T, Inc.	1.000		Quarterly		06/20/2024		0.983							5,800					24						(20)						4									0								(3)
AT&T, Inc.	1.000		Quarterly		12/20/2024		1.030							16,200					206						(213)						(7)									0								(13)
AT&T, Inc.	1.000		Quarterly		06/20/2025		1.061							1,770					(45)						43						(2)									0								(1)
AT&T, Inc.	1.000		Quarterly		06/20/2026		1.142							10,700					206						(259)						(53)									0								(8)
Berkshire Hathaway, Inc.	1.000		Quarterly		12/20/2022		0.096							9,800					194						(124)						70									0								0
Boeing Co.	1.000		Quarterly		12/20/2022		1.222							7,500					1						(7)						(6)									0								(1)
Boeing Co.	1.000		Quarterly		06/20/2023		1.520							19,600					70						(162)						(92)									0								(6)
Boeing Co.	1.000		Quarterly		12/20/2024		2.015							5,600					(135)						4						(131)									0								(6)
Boeing Co.	1.000		Quarterly		06/20/2026		2.327							800					(6)						(31)						(37)									0								(1)
Boeing Co.	1.000		Quarterly		12/20/2026		2.445							17,300					(84)						(894)						(978)									0								(24)
Enbridge, Inc.	1.000		Quarterly		12/20/2022		0.371							5,700					17						2						19									0								0
Ford Motor Credit Co. LLC	5.000		Quarterly		12/20/2023		3.001							2,800					378						(295)						83									0								(3)
General Electric Co.	1.000		Quarterly		06/20/2026		1.530							61,400					473						(1,645)						(1,172)									0								(45)
General Electric Co.	1.000		Quarterly		12/20/2026		1.700							7,800					92						(311)						(219)									0								(9)
General Motors Co.	5.000		Quarterly		12/20/2026		2.634							9,600					1,878						(970)						908									0								(13)
Lennar Corp.	5.000		Quarterly		12/20/2026		2.322							4,200					867						(414)						453									0								(8)
MetLife, Inc.	1.000		Quarterly		12/20/2024		0.541							17,700					302						(103)						199									0								(2)
NextEra Energy Capital Holdings, Inc.	1.000		Quarterly		06/20/2026		0.736							2,600					59						(33)						26									0								0
Sherwin-Williams Co.	1.000		Quarterly		12/20/2022		0.436							1,600					27						(22)						5									0								0
Verizon Communications, Inc.	1.000		Quarterly		06/20/2026		1.105							2,400					54						(63)						(9)									0								(2)
Verizon Communications, Inc.	1.000		Quarterly		12/20/2026		1.198							5,200					121						(162)						(41)									0								(6)
Verizon Communications, Inc.	1.000		Quarterly		06/20/2027		1.272							1,400					0						(17)						(17)									0								(1)
																	$			5,721		$				(6,140)				$		(419)							$		0				$				(152)
CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION(2)
																																					Variation Margin
Index/Tranches		Fixed Receive Rate		Payment Frequency		Maturity Date							Notional Amount(4)						Premiums Paid/ (Received)						Unrealized Appreciation/ (Depreciation)						Market Value(5)									Asset								Liability
CDX.IG-38 5-Year Index		1.000%		Quarterly		06/20/2027			$				435,200			$			5,784		$				(5,789)				$		(5)							$		0				$				(85)
iTraxx Asia Ex-Japan 37 5-Year Index		1.000		Quarterly		06/20/2027							25,300						(121)						(338)						(459)									0								(64)
																$			5,663		$				(6,127)				$		(464)							$		0				$				(149)

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

INTEREST RATE SWAPS
																													Variation Margin
Pay/ Receive Floating Rate		Floating Rate Index		Fixed Rate	Payment Frequency		Maturity Date				Notional Amount					Premiums Paid/ (Received)					Unrealized Appreciation/ (Depreciation)					Market Value							Asset						Liability
Receive		1-Day USD-SOFR Compounded-OIS		1.000%	Annual		06/15/2027	$			220,100			$		8,007			$		10,206			$		18,213					$		0			$			(1,212)
Receive		1-Day USD-SOFR Compounded-OIS		1.750	Annual		06/15/2032				125,950					14,121					(2,726)					11,395							0						(1,026)
Pay(6)		3-Month USD-LIBOR		1.270	Semi-Annual		11/04/2023				135,800					(2,498)					(601)					(3,099)							179						0
													$		19,630			$		6,879			$		26,509					$		179			$			(2,238)
Total Swap Agreements													$		31,014			$		(5,423)			$		25,591					$		180			$			(2,539)
	Cash of $94,402 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 31, 2022.
(1)	If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive 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)	If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3)	Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or 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 Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(5)	The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
(6)	This instrument has a forward starting effective date.
(k)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
WRITTEN OPTIONS:
CREDIT DEFAULT SWAPTIONS ON CREDIT INDICES
Counterparty			Description						Buy/Sell Protection			Exercise Rate					Expiration Date					Notional Amount(1)						Premiums (Received)									Market Value
BOA			Put - OTC CDX.IG-38 5-Year Index						Sell			1.200%					07/20/2022					9,100					$	(14)						$			(7)
BPS			Put - OTC CDX.IG-37 5-Year Index						Sell			1.200					07/20/2022					10,100						(18)									(4)
CBK			Put - OTC CDX.IG-38 5-Year Index						Sell			1.200					07/20/2022					4,200						(6)									(3)
DUB			Put - OTC CDX.IG-38 5-Year Index						Sell			1.400					08/17/2022					8,100						(16)									(9)
GST			Call - OTC CDX.IG-38 5-Year Index						Buy			0.700					08/17/2022					4,300						(5)									(1)
			Put - OTC CDX.IG-38 5-Year Index						Sell			1.300					08/17/2022					12,500						(28)									(20)
MYC			Put - OTC CDX.IG-38 5-Year Index						Sell			1.250					07/20/2022					5,200						(9)									(3)
			Put - OTC CDX.IG-38 5-Year Index						Sell			1.350					08/17/2022					8,500						(19)									(11)
																											$	(115)						$			(58)
INTEREST RATE SWAPTIONS
Counterparty			Description			Floating Rate Index				Pay/Receive Floating Rate		Exercise Rate					Expiration Date					Notional Amount(1)						Premiums (Received)									Market Value
CBK			Call - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR				Receive		2.600%					07/07/2022					7,800					$	(30)						$			(4)
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR				Pay		3.000					07/07/2022					7,800						(30)									(6)
GLM			Call - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR				Receive		0.870					11/02/2022					508,900						(1,031)									(5)
			Put - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR				Pay		1.270					11/02/2022					508,900						(1,032)									(11,664)
MYC			Call - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR				Receive		2.570					07/05/2022					7,900						(28)									(1)
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR				Pay		2.970					07/05/2022					7,900						(28)									(2)
NGF			Call - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR				Receive		2.620					07/08/2022					10,000						(40)									(11)
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR				Pay		3.020					07/08/2022					10,000						(40)									(10)
																											$	(2,259)						$			(11,703)

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

OPTIONS ON SECURITIES
Counterparty			Description					Strike Price		Expiration Date				Notional Amount(1)				Premiums (Received)						Market Value
SAL			Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 07/01/2052			$		99.156		07/07/2022				7,800		$		(56)					$	(50)
Total Written Options																$		(2,430)					$	(11,811)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION(2)
																					Swap Agreements, at Value(5)
Counterparty		Reference Entity		Fixed Receive Rate	Payment Frequency		Maturity Date		Implied Credit Spread at June 30, 2022(3)			Notional Amount(4)			Premiums Paid/(Received)				Unrealized Appreciation/ (Depreciation)			Asset				Liability
BOA		Italy Government International Bond		1.000%	Quarterly		06/20/2024		0.323%		$	2,000	$		(42)		$		69	$		27			$	0
		Italy Government International Bond		1.000	Quarterly		06/20/2025		0.894			2,000			(32)				39			7				0
BRC		Huarong Finance Co. Ltd.		1.000	Quarterly		12/20/2024		2.569			1,200			(44)				1			0				(43)
		Italy Government International Bond		1.000	Quarterly		06/20/2024		0.323			1,900			(41)				66			25				0
		Italy Government International Bond		1.000	Quarterly		12/20/2024		0.395			4,500			13				53			66				0
		NextEra Energy Capital Holdings, Inc.		1.000	Quarterly		12/20/2025		0.661			1,400			30				(14)			16				0
		Pertamina Persero PT		1.000	Quarterly		12/20/2024		0.882			1,800			(18)				24			6				0
		Russia Government International Bond		1.000	Quarterly		12/20/2026		N/A			5,100			(334)				(3,484)			0				(3,818)
		South Africa Government International Bond		1.000	Quarterly		12/20/2024		2.395			600			(23)				4			0				(19)
FBF		Italy Government International Bond		1.000	Quarterly		12/20/2024		0.395			2,000			5				25			30				0
GST		Mexico Government International Bond		1.000	Quarterly		06/20/2023		0.801			500			(5)				7			2				0
		Mexico Government International Bond		1.000	Quarterly		12/20/2024		1.183			400			(3)				2			0				(1)
		Petroleos Mexicanos		1.000	Quarterly		06/20/2023		4.556			700			(68)				46			0				(22)
		South Africa Government International Bond		1.000	Quarterly		12/20/2024		2.395			2,000			(80)				16			0				(64)
HUS		Mexico Government International Bond		1.000	Quarterly		12/20/2023		0.965			1,600			(25)				26			1				0
		Mexico Government International Bond		1.000	Quarterly		06/20/2024		1.045			300			(4)				4			0				0
JPM		Mexico Government International Bond		1.000	Quarterly		12/20/2023		0.965			600			(12)				12			0				0
		Mexico Government International Bond		1.000	Quarterly		06/20/2026		1.503			200			(2)				(2)			0				(4)
		Nissan Motor Acceptance Co. LLC		1.000	Quarterly		12/20/2026		2.113			11,400			(145)				(361)			0				(506)
MYC		Brookfield Asset Management, Inc.		1.000	Quarterly		06/20/2025		1.103			1,400			0				(4)			0				(4)
		Mexico Government International Bond		1.000	Quarterly		12/20/2024		1.183			300			(3)				2			0				(1)
		Mexico Government International Bond		1.000	Quarterly		12/20/2026		1.642			500			1				(14)			0				(13)
		Mexico Government International Bond		1.000	Quarterly		06/20/2027		1.751			1,200			(4)				(36)			0				(40)
Total Swap Agreements													$		(836)		$		(3,519)	$		180			$	(4,535)
(l)	Securities with an aggregate market value of $17,470 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2022.
(1)	Notional Amount represents the number of contracts.
(2)	If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3)	Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or 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. Under certain circumstances, implied credit spreads may not be applicable when the reference obligation or underlying security is distressed or in default (identified as “N/A”) and, as such, the market value would serve as the indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative.
(4)	The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(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.
FAIR VALUE MEASUREMENTS

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory														Level 1								Level 2							Level 3				Fair Value at 06/30/2022
Investments in Securities, at Value
Loan Participations and Assignments														$		0						$			6,278				$	6,811			$			13,089
Corporate Bonds & Notes
		Banking & Finance														0									1,510,645					0						1,510,645
		Industrials														0									934,060					0						934,060
		Utilities														0									296,842					0						296,842
Convertible Bonds & Notes
		Industrials														0									1,181					0						1,181
Municipal Bonds & Notes
		California														0									1,702					0						1,702
		Georgia														0									10,031					0						10,031
		Illinois														0									719					0						719
		Massachusetts														0									322					0						322
		New York														0									325					0						325
		Ohio														0									9,136					0						9,136
U.S. Government Agencies																0									106,285					0						106,285
U.S. Treasury Obligations																0									15,807					0						15,807
Non-Agency Mortgage-Backed Securities																0									16,238					0						16,238
Asset-Backed Securities																0									4,772					0						4,772
Sovereign Issues																0									31,959					0						31,959
Convertible Preferred Securities
		Banking & Finance														16,033									0					0						16,033
Preferred Securities
		Banking & Finance														6,820									119,730					0						126,550
		Industrials														0									5,016					0						5,016
		Utilities														0									0					39,608						39,608
Short-Term Instruments
		Repurchase Agreements														0									6,288					0						6,288
		U.S. Treasury Bills														0									25,681					0						25,681
														$		22,853						$			3,103,017				$	46,419			$			3,172,289
Investments in Affiliates, at Value
Short-Term Instruments
		Central Funds Used for Cash Management Purposes												$		92,891						$			0				$	0			$			92,891
Total Investments														$		115,744						$			3,103,017				$	46,419			$			3,265,180
Short Sales, at Value - Liabilities
U.S. Government Agencies														$		0						$			(14,655)				$	0			$			(14,655)
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared																0									1,607					0						1,607
Over the counter																0									180					0						180
														$		0						$			1,787				$	0			$			1,787
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared																0									(2,539)					0						(2,539)
Over the counter																0									(16,346)					0						(16,346)
														$		0						$			(18,885)				$	0			$			(18,885)
Total Financial Derivative Instruments														$		0						$			(17,098)				$	0			$			(17,098)
Totals														$		115,744						$			3,071,264				$	46,419			$			3,233,427
The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2022:
Category and Subcategory			Beginning Balance at 03/31/2022			Net Purchases			Net Sales/Settlements				Accrued Discounts/ (Premiums)					Realized Gain/(Loss)			Net Change in Unrealized Appreciation/ (Depreciation) (1)						Transfers into Level 3				Transfers out of Level 3				Ending Balance at 06/30/2022			Net Change in Unrealized Appreciation/ (Depreciation) on Investments Held at 06/30/2022 (1)
Investments in Securities, at Value
Loan Participations and Assignments			$	7,335		$		0	$		(181)	$			1		$		0	$				(345)		$		0			$	0			$		6,811	$		(353)
Preferred Securities
	Utilities				40,642			0			0				0				0					(1,033)				0				0					39,608			(1,033)
Totals			$	47,977		$		0	$		(181)	$			1		$		0	$				(1,378)		$		0			$	0			$		46,419	$		(1,386)
The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:
																																		(% Unless Noted Otherwise)
Category and Subcategory							Ending Balance at 06/30/2022			Valuation Technique													Unobservable Inputs											Input Value(s)					Weighted Average

Schedule of Investments PIMCO Investment Grade Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Investments in Securities, at Value
Loan Participations and Assignments			$	6,811	Discounted Cash Flow	Discount Rate	5.308
Preferred Securities
	Utilities			39,608	Discounted Cash Flow	Discount Rate	4.871
Total			$	46,419
(1)		Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at June 30, 2022 may be due to an investment no longer held or categorized as Level 3 at period end.

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio June 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 117.0% ¤
LOAN PARTICIPATIONS AND ASSIGNMENTS 1.0%
Aramark Services, Inc. 3.416% (LIBOR01M + 1.750%) due 03/11/2025 ~	$	4,477	$	4,292
Avolon TLB Borrower 1 (U.S.) LLC 3.845% (LIBOR01M + 2.250%) due 12/01/2027 ~		3,762		3,584
Carnival Corp. 5.877% (LIBOR06M + 3.000%) due 06/30/2025 ~		8,526		7,959
Castlelake LP 2.950% (LIBOR01M + 2.950%) due 05/13/2031 «~		44,266		40,282
Catalent Pharma Solutions, Inc. 3.625% (LIBOR01M + 2.000%) due 02/22/2028 ~		1,985		1,962
CenturyLink, Inc. 3.916% (LIBOR01M + 2.250%) due 03/15/2027 ~		16,847		15,517
Charter Communications Operating LLC 3.420% (LIBOR01M + 1.750%) due 02/01/2027 ~		56,611		54,161
Citadel Securities LP 3.649% due 02/02/2028		5,940		5,721
Delos Finance SARL 4.000% (LIBOR03M + 1.750%) due 10/06/2023 ~		17,711		17,534
DirecTV Financing LLC 6.666% (LIBOR01M + 5.000%) due 08/02/2027 ~		10,258		9,487
DT Midstream, Inc. 3.688% (LIBOR01M + 2.000%) due 06/26/2028 ~		2,356		2,353
HCA, Inc. 3.416% (LIBOR01M + 1.750%) due 06/30/2028 ~		16,830		16,822
Hilton Worldwide Finance LLC 3.374% (LIBOR01M + 1.750%) due 06/22/2026 ~		6,409		6,154
Setanta Aircraft Leasing Designated Activity Co. 4.250% (LIBOR03M + 2.000%) due 11/05/2028 ~		25,000		23,856
SkyMiles IP Ltd. 4.813% (LIBOR03M + 3.750%) due 10/20/2027 ~		21,800		21,648
Standard Industries, Inc. 3.788% (LIBOR06M + 2.500%) due 09/22/2028 ~		10,037		9,730
Zephyrus Capital Aviation Partners LLC 4.605% due 10/15/2038		10,990		9,671
Total Loan Participations and Assignments (Cost $263,560)				250,733
CORPORATE BONDS & NOTES 79.8%
BANKING & FINANCE 27.2%
AerCap Ireland Capital DAC
3.000% due 10/29/2028		22,300		18,805
3.300% due 01/23/2023		3,760		3,746
3.300% due 01/30/2032		16,800		13,466
3.850% due 10/29/2041		14,500		10,471
3.875% due 01/23/2028		150		136
4.125% due 07/03/2023		8,645		8,562
4.625% due 10/15/2027		16,500		15,548
AIA Group Ltd.
3.200% due 09/16/2040		3,900		3,122
3.900% due 04/06/2028		2,200		2,183
Aircastle Ltd. 2.850% due 01/26/2028		12,500		10,345
Alexandria Real Estate Equities, Inc.
2.000% due 05/18/2032		14,000		11,074
3.000% due 05/18/2051		9,500		6,406
3.450% due 04/30/2025		700		690
3.550% due 03/15/2052		18,300		13,736
4.000% due 02/01/2050		13,100		10,834
4.850% due 04/15/2049		900		836
Alleghany Corp. 4.900% due 09/15/2044		5,400		5,168
Ally Financial, Inc.
2.200% due 11/02/2028		800		652
3.050% due 06/05/2023		22,600		22,366
8.000% due 11/01/2031		18,415		20,452
American Assets Trust LP 3.375% due 02/01/2031		30,500		26,132
American Campus Communities Operating Partnership LP
2.850% due 02/01/2030		1,300		1,235
3.750% due 04/15/2023		4,100		4,105
3.875% due 01/30/2031		3,000		2,953

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

American Financial Group, Inc. 4.500% due 06/15/2047		40,300	34,044
American Homes 4 Rent LP
3.375% due 07/15/2051		10,700	7,410
3.625% due 04/15/2032		21,500	18,873
4.250% due 02/15/2028		7,483	7,154
4.300% due 04/15/2052		10,700	8,642
4.900% due 02/15/2029		11,300	11,026
American International Group, Inc.
4.375% due 06/30/2050		6,200	5,512
4.750% due 04/01/2048		4,000	3,750
4.800% due 07/10/2045		1,200	1,120
American Tower Corp.
2.100% due 06/15/2030		17,100	13,711
2.950% due 01/15/2025		7,500	7,248
2.950% due 01/15/2051		40,000	27,164
3.100% due 06/15/2050		14,059	9,746
3.125% due 01/15/2027		16,200	15,050
3.375% due 10/15/2026		6,487	6,139
3.600% due 01/15/2028		2,250	2,106
3.700% due 10/15/2049		7,300	5,495
3.800% due 08/15/2029		61,500	56,508
3.950% due 03/15/2029		23,300	21,713
4.050% due 03/15/2032		1,300	1,186
4.400% due 02/15/2026		3,100	3,085
AmFam Holdings, Inc. 3.833% due 03/11/2051		17,100	13,705
Antares Holdings LP
2.750% due 01/15/2027		7,700	6,156
3.750% due 07/15/2027		18,400	15,486
3.950% due 07/15/2026		4,100	3,564
Arch Capital Finance LLC 5.031% due 12/15/2046		4,100	3,871
Arch Capital Group Ltd. 3.635% due 06/30/2050		23,025	17,951
Ares Capital Corp. 3.200% due 11/15/2031		2,900	2,110
Ares Finance Co. LLC
3.250% due 06/15/2030		6,400	5,681
3.650% due 02/01/2052		5,100	3,596
4.125% due 06/30/2051 •		12,400	10,329
Arthur J Gallagher & Co. 3.500% due 05/20/2051		17,500	13,413
Assured Guaranty U.S. Holdings, Inc.
3.150% due 06/15/2031		7,600	6,603
3.600% due 09/15/2051		10,300	7,759
Athene Global Funding 2.500% due 01/14/2025		3,300	3,140
Aviation Capital Group LLC
3.500% due 11/01/2027		1,900	1,678
5.500% due 12/15/2024		7,600	7,540
Avolon Holdings Funding Ltd.
2.528% due 11/18/2027		41,354	33,746
2.875% due 02/15/2025		5,700	5,250
5.500% due 01/15/2026		15,000	14,573
AXIS Specialty Finance LLC 3.900% due 07/15/2029		4,000	3,776
Banco de Credito del Peru SA 4.650% due 09/17/2024	PEN	14,500	3,508
Banco de Credito e Inversiones SA
3.500% due 10/12/2027	$	9,200	8,658
4.000% due 02/11/2023		1,900	1,900
Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa 4.375% due 04/11/2027		5,100	4,883
Banco Santander SA
2.746% due 05/28/2025		6,600	6,259
3.306% due 06/27/2029		7,200	6,544
3.490% due 05/28/2030		5,400	4,782
4.379% due 04/12/2028		18,400	17,813
Bancolombia SA 3.000% due 01/29/2025		11,800	10,894
Bank of America Corp.
2.299% due 07/21/2032 •		12,355	9,996
2.687% due 04/22/2032 •		10,000	8,404
2.972% due 07/21/2052 •		14,400	10,243
3.194% due 07/23/2030 •		30,600	27,459
3.311% due 04/22/2042 •		23,000	18,078
3.419% due 12/20/2028 •		85,251	79,468
3.593% due 07/21/2028 •		13,900	13,122
3.974% due 02/07/2030 •		14,862	14,056
4.083% due 03/20/2051 •		7,900	6,828
4.271% due 07/23/2029 •		3,000	2,886
4.571% due 04/27/2033 •		88,000	85,746
6.125% due 04/27/2027 •(g)		50,500	48,827
7.750% due 05/14/2038		8,700	10,739
8.050% due 06/15/2027		3,180	3,552

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Bank of America NA 6.000% due 10/15/2036		9,200	10,067
Bank of Nova Scotia 4.900% due 06/04/2025 •(g)(h)		7,400	6,880
Banque Federative du Credit Mutuel SA 1.793% (US0003M + 0.730%) due 07/20/2022 ~		500	500
Barclays PLC
3.250% due 01/17/2033	GBP	2,400	2,495
3.330% due 11/24/2042 •	$	6,000	4,469
4.337% due 01/10/2028		4,400	4,209
4.338% due 05/16/2024 •		15,000	14,999
4.375% due 01/12/2026		5,000	4,957
4.950% due 01/10/2047		4,585	4,327
4.972% due 05/16/2029 •		40,987	40,321
5.088% due 06/20/2030 •		2,075	1,961
7.125% due 06/15/2025 •(g)(h)	GBP	8,400	9,837
7.250% due 03/15/2023 •(g)(h)		1,300	1,560
7.750% due 09/15/2023 •(g)(h)	$	10,700	10,539
7.875% due 09/15/2022 •(g)(h)	GBP	1,100	1,337
BBVA Bancomer SA 6.750% due 09/30/2022	$	10,000	10,034
Berkshire Hathaway Finance Corp.
2.875% due 03/15/2032		7,900	7,091
3.850% due 03/15/2052		13,600	11,668
4.200% due 08/15/2048		13,700	12,553
4.250% due 01/15/2049		3,500	3,233
Berkshire Hathaway, Inc. 4.500% due 02/11/2043		745	712
BGC Partners, Inc.
4.375% due 12/15/2025		6,100	5,953
5.375% due 07/24/2023		20,500	20,640
Blackstone Holdings Finance Co. LLC
2.000% due 01/30/2032		7,200	5,729
2.800% due 09/30/2050		10,500	7,074
3.200% due 01/30/2052		43,000	31,388
3.500% due 09/10/2049		5,500	4,286
4.000% due 10/02/2047		8,400	7,163
Blackstone Private Credit Fund 4.700% due 03/24/2025		7,100	6,827
Blackstone Secured Lending Fund 2.750% due 09/16/2026		8,300	7,258
Block Financial LLC 2.500% due 07/15/2028		6,700	5,846
Blue Owl Finance LLC
3.125% due 06/10/2031		28,800	22,260
4.125% due 10/07/2051		10,500	6,992
4.375% due 02/15/2032		11,000	9,307
BNP Paribas SA
2.871% due 04/19/2032 •		6,200	5,131
3.052% due 01/13/2031 •		13,800	11,916
3.132% due 01/20/2033 •		39,400	33,025
5.198% due 01/10/2030 •		3,400	3,400
6.625% due 03/25/2024 •(g)		11,000	10,587
BOC Aviation Ltd. 4.000% due 01/25/2024		1,000	1,001
Brighthouse Financial, Inc.
3.850% due 12/22/2051		13,100	8,934
4.700% due 06/22/2047		5,355	4,272
Brookfield Finance LLC 3.450% due 04/15/2050		19,000	13,638
Brookfield Finance, Inc.
3.500% due 03/30/2051		14,900	10,748
3.625% due 02/15/2052		33,900	25,044
4.700% due 09/20/2047		34,350	30,161
Brown & Brown, Inc.
4.500% due 03/15/2029		10,300	10,088
4.950% due 03/17/2052		14,800	13,016
Camden Property Trust 3.350% due 11/01/2049		1,400	1,097
Cantor Fitzgerald LP 4.500% due 04/14/2027		14,500	13,949
Capital One Financial Corp. 5.268% due 05/10/2033 •		14,800	14,551
Carlyle Finance LLC 5.650% due 09/15/2048		5,700	5,533
Carlyle Finance Subsidiary LLC 3.500% due 09/19/2029		3,600	3,267
Carlyle Holdings Finance LLC 5.625% due 03/30/2043		12,213	11,652
Charles Schwab Corp.
2.900% due 03/03/2032		9,700	8,551
5.000% due 06/01/2027 •(g)		7,200	6,472
Chubb INA Holdings, Inc.
2.850% due 12/15/2051		8,500	6,231
3.050% due 12/15/2061		17,548	12,569

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

CI Financial Corp.
3.200% due 12/17/2030		2,500	1,957
4.100% due 06/15/2051		38,200	24,811
Cibanco SA Ibm 4.962% due 07/18/2029		7,200	6,452
Citigroup, Inc.
2.561% due 05/01/2032 •(i)		12,500	10,305
2.572% due 06/03/2031 •(i)		4,000	3,366
3.200% due 10/21/2026		21,350	20,330
3.668% due 07/24/2028 •		17,500	16,536
3.785% due 03/17/2033 •(i)		18,500	16,685
4.075% due 04/23/2029 •		48,000	45,671
4.910% due 05/24/2033 •		11,400	11,262
8.125% due 07/15/2039		39,491	51,466
CME Group, Inc.
2.650% due 03/15/2032		10,000	8,868
4.150% due 06/15/2048		6,100	5,808
5.300% due 09/15/2043		1,125	1,226
Commonwealth Bank of Australia 3.784% due 03/14/2032		13,700	12,085
Cooperatieve Rabobank UA
3.758% due 04/06/2033 •		42,900	38,761
4.625% due 12/29/2025 •(g)	EUR	9,200	8,889
Corebridge Financial, Inc.
3.900% due 04/05/2032	$	21,500	19,309
4.350% due 04/05/2042		10,400	8,889
4.400% due 04/05/2052		45,700	38,205
Corporate Office Properties LP
2.250% due 03/15/2026		3,600	3,267
2.900% due 12/01/2033		4,000	3,105
Country Garden Holdings Co. Ltd. 3.125% due 10/22/2025		5,100	2,512
Credit Suisse AG 6.500% due 08/08/2023 (h)		47,877	47,997
Credit Suisse Group AG
2.593% due 09/11/2025 •		4,500	4,239
3.091% due 05/14/2032 •		57,529	45,842
3.750% due 03/26/2025		26,250	25,461
3.800% due 06/09/2023		2,400	2,378
3.869% due 01/12/2029 •		10,550	9,490
4.194% due 04/01/2031 •		2,250	1,993
4.207% due 06/12/2024 •		250	248
4.282% due 01/09/2028		17,400	16,261
4.550% due 04/17/2026		13,000	12,729
4.875% due 05/15/2045		7,275	6,200
Crown Castle International Corp.
2.250% due 01/15/2031		3,753	3,048
3.100% due 11/15/2029		7,500	6,628
3.250% due 01/15/2051		36,700	26,402
3.800% due 02/15/2028		14,700	13,883
4.000% due 11/15/2049		39,410	32,067
4.300% due 02/15/2029		4,400	4,230
4.450% due 02/15/2026		16,495	16,346
4.750% due 05/15/2047		16,840	15,248
5.200% due 02/15/2049		18,710	17,972
CubeSmart LP 2.500% due 02/15/2032		12,800	10,410
DAE Sukuk Difc Ltd. 3.750% due 02/15/2026		12,500	11,835
Danske Bank AS 5.375% due 01/12/2024		1,500	1,514
Deutsche Bank AG
2.625% due 12/16/2024	GBP	12,200	14,150
2.625% due 02/12/2026	EUR	11,600	11,700
3.035% due 05/28/2032 •(i)	$	23,710	18,785
3.547% due 09/18/2031 •		27,250	22,839
3.729% due 01/14/2032 •(i)		28,800	21,677
3.742% due 01/07/2033 •		17,700	12,902
3.875% due 02/12/2024	GBP	3,900	4,687
3.961% due 11/26/2025 •	$	14,600	14,122
Digital Realty Trust LP
3.700% due 08/15/2027		500	477
4.450% due 07/15/2028		10,900	10,590
Doctors Co. An Interinsurance Exchange 4.500% due 01/18/2032		36,000	31,607
Doric Nimrod Air Finance Alpha Ltd. Pass-Through Trust 5.125% due 11/30/2024		2,082	2,064
Duke Realty LP 3.050% due 03/01/2050		1,000	745
EPR Properties
3.750% due 08/15/2029		11,360	9,465
4.500% due 04/01/2025		200	196
4.500% due 06/01/2027		9,325	8,449
4.750% due 12/15/2026		100	94
4.950% due 04/15/2028		7,000	6,445

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Equinix, Inc.
3.000% due 07/15/2050		17,681	12,141
3.400% due 02/15/2052		11,300	8,386
3.900% due 04/15/2032		54,700	49,536
Equitable Holdings, Inc.
3.900% due 04/20/2023		520	523
4.350% due 04/20/2028		12,407	11,981
5.000% due 04/20/2048		38,275	35,473
ERP Operating LP 4.500% due 07/01/2044		1,445	1,377
Erste Group Bank AG 4.250% due 10/15/2027 •(g)(h)	EUR	8,000	6,631
Essential Properties LP 2.950% due 07/15/2031	$	5,000	3,923
Essex Portfolio LP
2.550% due 06/15/2031		7,500	6,278
2.650% due 09/01/2050		14,400	9,174
3.625% due 05/01/2027		10,700	10,355
4.500% due 03/15/2048		3,900	3,510
Everest Reinsurance Holdings, Inc.
3.125% due 10/15/2052		6,800	4,832
3.500% due 10/15/2050		1,500	1,141
Extra Space Storage LP
2.350% due 03/15/2032		3,000	2,382
3.900% due 04/01/2029		2,900	2,719
Fairfax Financial Holdings Ltd.
4.625% due 04/29/2030		7,200	6,920
4.850% due 04/17/2028		18,100	18,005
Farmers Insurance Exchange 4.747% due 11/01/2057 •		21,600	19,531
First American Financial Corp.
4.000% due 05/15/2030		3,300	2,970
4.300% due 02/01/2023		18,250	18,277
FMR LLC
5.150% due 02/01/2043		1,550	1,492
6.450% due 11/15/2039		500	555
Ford Holdings LLC 9.300% due 03/01/2030		14,575	16,009
Ford Motor Credit Co. LLC
2.366% (US0003M + 1.080%) due 08/03/2022 ~		524	523
3.550% due 10/07/2022		20,000	19,934
5.584% due 03/18/2024		52,500	52,336
Franklin Resources, Inc. 2.950% due 08/12/2051		2,800	1,927
FS KKR Capital Corp. 3.125% due 10/12/2028		17,400	13,895
General Motors Financial Co., Inc. 5.100% due 01/17/2024		4,515	4,563
Globe Life, Inc. 2.150% due 08/15/2030		700	573
GLP Capital LP
3.250% due 01/15/2032		2,300	1,848
4.000% due 01/15/2030		13,040	11,441
4.000% due 01/15/2031		3,100	2,679
5.300% due 01/15/2029		28,800	27,574
5.750% due 06/01/2028		1,166	1,141
Goldman Sachs Group, Inc.
2.615% due 04/22/2032 •		4,000	3,325
3.102% due 02/24/2033 •		4,200	3,591
3.436% due 02/24/2043 •		14,100	11,079
3.691% due 06/05/2028 •		22,244	21,112
4.017% due 10/31/2038 •		100	87
4.411% due 04/23/2039 •		10,300	9,365
6.250% due 02/01/2041		12,925	14,350
6.750% due 10/01/2037		102,500	113,683
Golub Capital BDC, Inc. 2.050% due 02/15/2027		21,800	17,715
Goodman U.S. Finance Four LLC
4.500% due 10/15/2037		21,200	19,623
4.625% due 05/04/2032		21,100	20,725
Goodman U.S. Finance Three LLC 3.700% due 03/15/2028		21,450	20,554
Great-West Lifeco Finance Delaware LP 4.150% due 06/03/2047		3,200	2,774
Guardian Life Insurance Co. of America 4.850% due 01/24/2077		7,903	7,120
Hanover Insurance Group, Inc. 4.500% due 04/15/2026		6,600	6,587
Hartford Financial Services Group, Inc. 3.536% due 02/12/2067 •		3,600	2,850
Healthpeak Properties, Inc. 6.750% due 02/01/2041		3,500	3,986
High Street Funding Trust 4.682% due 02/15/2048		8,800	8,222
Highwoods Realty LP
2.600% due 02/01/2031		2,700	2,221

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

4.200% due 04/15/2029		2,198	2,063
Hill City Funding Trust 4.046% due 08/15/2041		15,000	11,063
HSBC Bank USA N.A. 7.000% due 01/15/2039		11,450	13,413
HSBC Holdings PLC
2.357% due 08/18/2031 •		4,600	3,733
2.804% due 05/24/2032 •		78,700	64,705
2.848% due 06/04/2031 •		6,800	5,752
3.803% due 03/11/2025 •		9,957	9,826
3.900% due 05/25/2026		4,500	4,406
3.973% due 05/22/2030 •		4,000	3,678
4.300% due 03/08/2026		21,131	20,948
4.583% due 06/19/2029 •		7,050	6,803
4.600% due 12/17/2030 •(g)(h)		3,200	2,468
4.700% due 03/09/2031 •(g)		7,600	5,734
4.950% due 03/31/2030		4,600	4,549
5.875% due 09/28/2026 •(g)(h)	GBP	26,400	29,266
6.100% due 01/14/2042	$	10,850	11,943
6.500% due 03/23/2028 •(g)(h)		95,300	86,541
6.500% due 09/15/2037		18,115	19,359
6.800% due 06/01/2038		4,300	4,648
7.000% due 04/07/2038	GBP	1,900	2,445
7.625% due 05/17/2032	$	11,547	13,521
Hudson Pacific Properties LP
3.250% due 01/15/2030		7,600	6,624
3.950% due 11/01/2027		5,600	5,337
4.650% due 04/01/2029		7,537	7,242
ING Groep NV
2.727% due 04/01/2032 •		7,500	6,249
4.252% due 03/28/2033 •		9,800	9,158
4.625% due 01/06/2026		400	400
5.750% due 11/16/2026 •(g)(h)		10,100	9,250
Intercontinental Exchange, Inc.
3.000% due 06/15/2050		9,400	6,894
3.000% due 09/15/2060		3,900	2,640
4.250% due 09/21/2048		1,800	1,606
4.600% due 03/15/2033		28,200	28,095
4.950% due 06/15/2052		13,000	12,760
Intesa Sanpaolo SpA 4.000% due 09/23/2029		8,000	7,137
Invitation Homes Operating Partnership LP
2.000% due 08/15/2031		3,200	2,465
2.700% due 01/15/2034		6,600	5,088
4.150% due 04/15/2032		14,500	13,180
Itau Unibanco Holding SA
5.125% due 05/13/2023		450	453
5.500% due 08/06/2022		6,900	6,894
JAB Holdings BV
2.200% due 11/23/2030		4,700	3,712
3.750% due 05/28/2051		1,500	1,043
4.500% due 04/08/2052		56,750	43,906
Jefferies Group LLC 6.500% due 01/20/2043		22,200	22,012
JPMorgan Chase & Co.
2.739% due 10/15/2030 •		6,375	5,568
2.963% due 01/25/2033 •		31,000	26,633
3.157% due 04/22/2042 •		7,100	5,527
3.328% due 04/22/2052 •		4,200	3,203
3.509% due 01/23/2029 •		23,200	21,724
3.702% due 05/06/2030 •		5,000	4,656
3.897% due 01/23/2049 •		14,850	12,568
4.005% due 04/23/2029 •		15,000	14,393
4.586% due 04/26/2033 •		23,000	22,615
5.600% due 07/15/2041		21,340	22,325
6.400% due 05/15/2038		4,508	5,112
Kilroy Realty LP
2.650% due 11/15/2033		15,200	11,783
3.050% due 02/15/2030		1,500	1,287
4.250% due 08/15/2029		12,400	11,743
4.750% due 12/15/2028		2,000	1,961
KKR Financial Holdings LLC 5.400% due 05/23/2033		15,900	15,979
KKR Group Finance Co. LLC
3.500% due 08/25/2050		31,450	23,641
3.625% due 02/25/2050		26,000	20,047
4.850% due 05/17/2032		19,000	18,782
La Mondiale SAM 2.125% due 06/23/2031	EUR	3,500	2,942
Lazard Group LLC 4.500% due 09/19/2028	$	400	384
Legg Mason, Inc. 5.625% due 01/15/2044		18,493	19,021
Liberty Mutual Group, Inc.
3.950% due 05/15/2060		20,300	14,647
4.300% due 02/01/2061		14,500	9,838

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Life Storage LP 3.875% due 12/15/2027		1,100	1,049
Lloyds Bank PLC 0.000% due 04/02/2032 þ		29,200	18,788
Lloyds Banking Group PLC
3.574% due 11/07/2028 •		10,200	9,553
4.375% due 03/22/2028		3,400	3,307
4.450% due 05/08/2025		500	501
4.550% due 08/16/2028		32,500	31,790
LSEGA Financing PLC 3.200% due 04/06/2041		9,700	7,605
M&G PLC 5.560% due 07/20/2055 •	GBP	1,900	2,084
Marsh & McLennan Cos., Inc.
4.200% due 03/01/2048	$	5,800	5,142
4.350% due 01/30/2047		4,800	4,351
4.900% due 03/15/2049		13,100	12,872
Massachusetts Mutual Life Insurance Co.
3.729% due 10/15/2070		11,166	8,176
4.900% due 04/01/2077		4,800	4,423
5.077% due 02/15/2069 •		27,500	26,535
Meiji Yasuda Life Insurance Co. 5.100% due 04/26/2048 •		7,100	7,017
MetLife, Inc.
9.250% due 04/08/2068		51,066	60,126
10.750% due 08/01/2069		5,132	6,817
Mid-America Apartments LP
3.600% due 06/01/2027		300	289
4.300% due 10/15/2023		11,900	11,973
Mitsubishi UFJ Financial Group, Inc.
2.048% due 07/17/2030		13,900	11,348
2.309% due 07/20/2032 •		3,000	2,445
3.751% due 07/18/2039		16,200	14,072
4.153% due 03/07/2039		7,700	7,051
4.286% due 07/26/2038		7,900	7,355
4.315% due 04/19/2033 •		25,000	24,011
Mizuho Financial Group, Inc.
1.979% due 09/08/2031 •		18,400	14,580
2.172% due 05/22/2032 •		7,400	5,869
2.201% due 07/10/2031 •		14,800	12,022
Morgan Stanley
0.000% due 04/02/2032 þ(i)		62,100	38,782
2.239% due 07/21/2032 •		28,500	23,118
2.802% due 01/25/2052 •		1,000	696
2.943% due 01/21/2033 •		12,300	10,555
3.217% due 04/22/2042 •		15,200	11,989
3.591% due 07/22/2028 •		400	379
3.875% due 01/27/2026		4,095	4,039
5.297% due 04/20/2037 •		31,500	30,538
6.375% due 07/24/2042		24,050	27,608
Morgan Stanley Domestic Holdings, Inc.
3.800% due 08/24/2027		5,525	5,282
4.500% due 06/20/2028		7,885	7,899
MPT Operating Partnership LP 3.500% due 03/15/2031		3,200	2,532
Mutual of Omaha Insurance Co. 4.297% due 07/15/2054 •		19,870	19,151
Nasdaq, Inc.
2.500% due 12/21/2040		6,000	4,190
3.950% due 03/07/2052		1,800	1,467
National Health Investors, Inc. 3.000% due 02/01/2031		10,600	8,147
National Retail Properties, Inc.
2.500% due 04/15/2030		500	426
3.500% due 04/15/2051		3,800	2,852
Nationwide Building Society
3.960% due 07/18/2030 •		26,756	24,855
4.000% due 09/14/2026		6,635	6,403
4.302% due 03/08/2029 •		5,500	5,269
Nationwide Financial Services, Inc. 3.900% due 11/30/2049		10,000	8,155
Nationwide Mutual Insurance Co.
4.350% due 04/30/2050		2,250	1,876
9.375% due 08/15/2039		32,300	44,281
Natwest Group PLC
0.000% due 03/22/2023	EUR	3,900	4,126
0.000% due 03/22/2025 •	$	33,160	32,848
0.000% due 05/08/2030 •		5,200	4,900
4.600% due 06/28/2031 •(g)(h)		27,100	20,020
4.800% due 04/05/2026		4,650	4,640
4.892% due 05/18/2029 •		32,700	31,722
5.076% due 01/27/2030 •		46,350	45,415
5.125% due 05/12/2027 •(g)(h)	GBP	1,500	1,548
Neuberger Berman Group LLC
4.500% due 03/15/2027	$	6,200	6,199
4.875% due 04/15/2045		13,688	12,474

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

New York Life Insurance Co.
4.450% due 05/15/2069	16,700	14,348
6.750% due 11/15/2039	4,260	4,999
Nippon Life Insurance Co.
2.750% due 01/21/2051 •	36,900	29,938
5.100% due 10/16/2044 •	15,650	15,544
Nissan Motor Acceptance Co. LLC
2.000% due 03/09/2026	39,200	33,962
2.600% due 09/28/2022	3,600	3,583
2.750% due 03/09/2028	11,000	9,207
2.924% due 09/28/2022 •	400	399
3.450% due 03/15/2023	215	214
3.875% due 09/21/2023	8,000	7,949
Nomura Holdings, Inc.
1.653% due 07/14/2026	4,100	3,598
2.172% due 07/14/2028	15,900	13,409
2.608% due 07/14/2031	12,400	9,903
2.679% due 07/16/2030	8,000	6,551
2.999% due 01/22/2032	15,600	12,689
3.103% due 01/16/2030	4,700	4,002
Nordea Bank Abp 3.750% due 03/01/2029 •(g)(h)	5,700	4,212
Northwestern Mutual Life Insurance Co.
3.450% due 03/30/2051	31,400	24,019
3.625% due 09/30/2059	62,990	47,026
3.850% due 09/30/2047	10,340	8,607
6.063% due 03/30/2040	1	1
Ohio National Life Insurance Co. 6.875% due 06/15/2042	400	441
Old Republic International Corp. 3.850% due 06/11/2051	37,900	28,688
Omega Healthcare Investors, Inc.
3.375% due 02/01/2031	500	406
3.625% due 10/01/2029	4,000	3,399
4.750% due 01/15/2028	7,900	7,492
5.250% due 01/15/2026	15,000	14,872
OneAmerica Financial Partners, Inc. 4.250% due 10/15/2050	5,400	4,400
Ontario Teachers' Cadillac Fairview Properties Trust 3.875% due 03/20/2027	3,900	3,801
Owl Rock Capital Corp. 2.875% due 06/11/2028	2,600	2,044
Pacific Life Insurance Co. 9.250% due 06/15/2039	113,331	163,006
Pacific LifeCorp 3.350% due 09/15/2050	5,700	4,285
Penn Mutual Life Insurance Co.
3.800% due 04/29/2061	40,000	28,961
7.625% due 06/15/2040	32,535	38,570
Physicians Realty LP
3.950% due 01/15/2028	7,900	7,540
4.300% due 03/15/2027	4,100	4,022
Pine Street Trust
4.572% due 02/15/2029	23,500	22,725
5.568% due 02/15/2049	23,800	23,431
Pinnacol Assurance 8.625% due 06/25/2034 «(i)	24,000	26,756
Piper Sandler Cos. 5.200% due 10/15/2023	23,000	22,684
PNC Financial Services Group, Inc. 6.000% due 05/15/2027 •(g)	38,300	36,860
Progressive Corp.
3.700% due 01/26/2045	1,390	1,189
3.700% due 03/15/2052	4,500	3,781
4.125% due 04/15/2047	1,700	1,546
Prudential Financial, Inc.
3.700% due 03/13/2051	1,500	1,256
3.905% due 12/07/2047	500	432
3.935% due 12/07/2049	173	149
5.125% due 03/01/2052 •	8,400	7,772
Rayonier LP 2.750% due 05/17/2031	7,500	6,269
Realty Income Corp.
3.400% due 01/15/2028	16,100	15,225
3.950% due 08/15/2027	11,848	11,569
4.650% due 03/15/2047	1,150	1,112
Regency Centers LP
2.950% due 09/15/2029	1,000	880
4.125% due 03/15/2028	1,100	1,059
4.400% due 02/01/2047	4,200	3,699
4.650% due 03/15/2049	1,500	1,345
Rexford Industrial Realty LP 2.125% due 12/01/2030	11,800	9,473
Sabra Health Care LP
3.200% due 12/01/2031	15,350	12,199
3.900% due 10/15/2029	3,368	2,977

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Sammons Financial Group, Inc. 3.350% due 04/16/2031		18,300	15,145
Santander Holdings USA, Inc. 4.400% due 07/13/2027		5,200	5,004
Santander U.K. Group Holdings PLC
2.896% due 03/15/2032 •		15,160	12,591
3.823% due 11/03/2028 •		55,945	51,980
SBA Tower Trust 2.328% due 07/15/2052		10,300	9,152
Sberbank of Russia Via SB Capital SA 5.125% due 10/29/2022 ^(c)		8,575	600
Selective Insurance Group, Inc. 5.375% due 03/01/2049		8,800	8,422
Service Properties Trust 4.750% due 10/01/2026		3,500	2,555
SMBC Aviation Capital Finance DAC 2.300% due 06/15/2028		4,200	3,416
Societe Generale SA
3.337% due 01/21/2033 •		27,260	22,334
6.221% due 06/15/2033 •		7,700	7,358
Sompo International Holdings Ltd. 4.700% due 10/15/2022		3,000	3,011
Spirit Realty LP
2.700% due 02/15/2032		11,400	8,938
3.200% due 02/15/2031		11,100	9,308
3.400% due 01/15/2030		9,025	7,824
4.000% due 07/15/2029		200	183
4.450% due 09/15/2026		2,350	2,315
Standard Chartered PLC
3.265% due 02/18/2036 •		15,500	12,536
3.603% due 01/12/2033 •		3,200	2,620
4.750% due 01/14/2031 •(g)(h)		13,800	10,578
Stifel Financial Corp. 4.000% due 05/15/2030		5,600	5,209
STORE Capital Corp. 2.750% due 11/18/2030		1,900	1,551
Sumitomo Life Insurance Co. 3.375% due 04/15/2081 •		16,300	14,014
Sumitomo Mitsui Financial Group, Inc.
2.130% due 07/08/2030		37,100	30,563
2.750% due 01/15/2030		2,700	2,350
3.040% due 07/16/2029		11,300	10,071
Sun Communities Operating LP 2.700% due 07/15/2031		6,800	5,488
SVB Financial Group 4.570% due 04/29/2033 •		16,800	15,788
Svenska Handelsbanken AB 4.750% due 03/01/2031 •(g)		6,000	4,935
Synchrony Financial
2.875% due 10/28/2031		12,000	9,107
4.500% due 07/23/2025		600	584
Teachers Insurance & Annuity Association of America
3.300% due 05/15/2050		30,000	22,955
4.270% due 05/15/2047		11,300	10,085
4.900% due 09/15/2044		18,400	17,684
6.850% due 12/16/2039		5,129	6,058
Tesco Property Finance PLC 6.052% due 10/13/2039	GBP	313	413
Texas Capital Bancshares, Inc. 4.000% due 05/06/2031 •	$	7,500	6,912
Transatlantic Holdings, Inc. 8.000% due 11/30/2039		7,933	10,267
Travelers Cos., Inc. 4.050% due 03/07/2048		4,000	3,613
Trust Fibra Uno
6.390% due 01/15/2050		23,500	18,742
6.950% due 01/30/2044		25,270	21,590
Trustage Financial Group, Inc. 4.625% due 04/15/2032		54,700	50,227
UBS AG
5.125% due 05/15/2024 (h)		17,121	17,118
7.625% due 08/17/2022 (h)		77,600	77,831
UBS Group AG
2.746% due 02/11/2033 •		9,400	7,659
3.179% due 02/11/2043 •		1,100	831
4.125% due 09/24/2025		400	397
4.125% due 04/15/2026		34,600	34,111
4.875% due 02/12/2027 •(g)(h)		11,400	9,564
5.125% due 07/29/2026 •(g)(h)		15,100	13,579
UDR, Inc. 3.500% due 07/01/2027		3,323	3,171
UniCredit SpA
3.127% due 06/03/2032 •		6,300	4,922
7.830% due 12/04/2023		78,050	80,853
Unum Group 4.500% due 12/15/2049		500	389

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Ventas Realty LP
4.125% due 01/15/2026		600	594
4.400% due 01/15/2029		1,900	1,832
4.875% due 04/15/2049		4,300	3,993
VICI Properties LP
5.125% due 05/15/2032		7,700	7,272
5.625% due 05/15/2052		17,400	15,871
Vonovia Finance BV 5.000% due 10/02/2023		2,200	2,217
Voya Financial, Inc. 4.700% due 01/23/2048 •		6,800	5,501
W R Berkley Corp. 4.000% due 05/12/2050		4,900	4,100
Wells Fargo & Co.
2.393% due 06/02/2028 •		16,500	14,789
2.572% due 02/11/2031 •		21,200	18,243
2.879% due 10/30/2030 •		43,600	38,377
3.000% due 04/22/2026		8,100	7,721
3.068% due 04/30/2041 •		11,200	8,690
3.196% due 06/17/2027 •		4,000	3,794
3.300% due 09/09/2024		2,000	1,975
3.350% due 03/02/2033 •		4,800	4,264
3.584% due 05/22/2028 •		33,400	31,713
4.611% due 04/25/2053 •		78,600	72,868
5.375% due 11/02/2043		16,425	16,126
7.950% due 11/15/2029		1,000	1,169
Wells Fargo Bank NA
5.850% due 02/01/2037		5,901	6,301
5.950% due 08/26/2036		800	862
6.600% due 01/15/2038		22,877	26,522
Welltower, Inc.
4.950% due 09/01/2048		3,500	3,336
6.500% due 03/15/2041		29,850	33,579
Weyerhaeuser Co.
3.375% due 03/09/2033		3,800	3,318
4.000% due 04/15/2030		1,500	1,414
6.875% due 12/15/2033		14,477	16,279
6.950% due 10/01/2027		4,500	4,956
7.375% due 03/15/2032		39,647	45,915
Willis North America, Inc. 3.875% due 09/15/2049		13,550	10,543
WP Carey, Inc. 4.000% due 02/01/2025		1,600	1,591
XLIT Ltd. 5.500% due 03/31/2045		12,950	13,450
			6,723,357
INDUSTRIALS 38.3%
7-Eleven, Inc.
2.500% due 02/10/2041		4,470	3,035
2.800% due 02/10/2051		23,200	15,170
AbbVie, Inc.
4.250% due 11/21/2049		6,800	6,048
4.300% due 05/14/2036		23,400	22,017
4.400% due 11/06/2042		44,212	40,269
4.450% due 05/14/2046		33,650	30,599
4.500% due 05/14/2035		37,877	36,821
4.550% due 03/15/2035		565	550
4.700% due 05/14/2045		21,000	19,813
4.850% due 06/15/2044		51,900	49,701
Abu Dhabi Crude Oil Pipeline LLC 4.600% due 11/02/2047		7,900	7,500
Activision Blizzard, Inc. 2.500% due 09/15/2050		35,200	24,183
Adani Electricity Mumbai Ltd. 3.949% due 02/12/2030		4,800	3,924
Advocate Health & Hospitals Corp. 2.211% due 06/15/2030		11,150	9,518
AEP Transmission Co. LLC
3.150% due 09/15/2049		6,000	4,581
3.650% due 04/01/2050		2,700	2,235
3.750% due 12/01/2047		1,100	938
4.250% due 09/15/2048		1,474	1,358
Aeroporti di Roma SpA 1.750% due 07/30/2031	EUR	4,600	3,696
Aetna, Inc.
4.750% due 03/15/2044	$	50	46
6.750% due 12/15/2037		4,085	4,683
Air Canada Pass-Through Trust
4.125% due 11/15/2026		11,053	10,326
5.250% due 10/01/2030		6,492	6,498
Alaska Airlines Pass-Through Trust 4.800% due 02/15/2029		17,472	17,274
Alcon Finance Corp. 3.000% due 09/23/2029		500	444

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Alibaba Group Holding Ltd.
2.125% due 02/09/2031	17,500	14,487
2.700% due 02/09/2041	38,869	26,775
3.150% due 02/09/2051	1,150	787
3.250% due 02/09/2061	24,200	16,078
4.000% due 12/06/2037	21,700	18,772
4.200% due 12/06/2047	17,900	14,856
4.400% due 12/06/2057	7,600	6,255
4.500% due 11/28/2034	10,850	10,166
Altria Group, Inc.
3.875% due 09/16/2046	9,080	6,122
5.950% due 02/14/2049	22,500	19,764
6.200% due 02/14/2059	6,929	6,313
Amazon.com, Inc.
2.500% due 06/03/2050	3,000	2,121
2.700% due 06/03/2060	2,900	1,971
2.875% due 05/12/2041	3,000	2,405
3.100% due 05/12/2051	19,800	15,621
3.250% due 05/12/2061	40,500	30,900
4.100% due 04/13/2062	11,000	9,975
4.250% due 08/22/2057	19,800	18,636
4.950% due 12/05/2044	475	499
American Airlines Pass-Through Trust
2.875% due 01/11/2036	14,800	12,649
3.000% due 04/15/2030	523	475
3.150% due 08/15/2033	7,708	6,836
3.200% due 12/15/2029	5,992	5,491
3.350% due 04/15/2031	2,115	1,948
3.375% due 11/01/2028	6,771	6,081
3.500% due 08/15/2033	3,477	2,903
3.575% due 07/15/2029	2,657	2,472
3.600% due 03/22/2029	5,764	5,350
3.600% due 04/15/2031	3,020	2,651
3.650% due 02/15/2029	2,424	2,265
3.700% due 04/01/2028	3,782	3,283
4.000% due 01/15/2027	3,419	3,149
4.375% due 04/01/2024	321	321
Amgen, Inc.
2.800% due 08/15/2041	3,700	2,749
3.375% due 02/21/2050	10,300	7,893
4.400% due 05/01/2045	1,000	904
4.563% due 06/15/2048	11,574	10,643
4.663% due 06/15/2051	170,913	160,252
4.950% due 10/01/2041	4,650	4,518
AngloGold Ashanti Holdings PLC
3.375% due 11/01/2028	9,100	7,716
3.750% due 10/01/2030 (k)	5,600	4,619
Anheuser-Busch Cos. LLC
4.700% due 02/01/2036	97,900	93,949
4.900% due 02/01/2046	164,610	155,024
Anheuser-Busch InBev Finance, Inc. 4.900% due 02/01/2046	500	471
Anheuser-Busch InBev Worldwide, Inc.
3.750% due 07/15/2042	300	243
4.350% due 06/01/2040	24,000	21,519
4.375% due 04/15/2038	11,300	10,383
4.439% due 10/06/2048	16,601	14,597
4.600% due 04/15/2048	7,282	6,554
4.600% due 06/01/2060	25,000	21,916
4.750% due 04/15/2058	20,800	18,667
4.950% due 01/15/2042	5,800	5,532
5.450% due 01/23/2039	12,150	12,375
5.550% due 01/23/2049	4,695	4,805
5.800% due 01/23/2059	54,300	56,631
Apple, Inc.
2.650% due 05/11/2050	4,100	3,033
2.800% due 02/08/2061	7,100	5,107
2.850% due 08/05/2061	8,400	6,108
2.950% due 09/11/2049	21,100	16,645
3.750% due 09/12/2047	21,600	19,530
3.850% due 08/04/2046	58,395	53,550
Aptiv PLC
3.100% due 12/01/2051	8,700	5,628
3.250% due 03/01/2032	10,000	8,507
4.150% due 05/01/2052	2,900	2,198
5.400% due 03/15/2049	10,000	9,101
Arrow Electronics, Inc.
2.950% due 02/15/2032	600	499
4.500% due 03/01/2023	2,100	2,108
AstraZeneca PLC 4.375% due 11/16/2045	1,400	1,351
Bacardi Ltd.
4.700% due 05/15/2028	5,200	5,141
5.150% due 05/15/2038	22,540	21,429
5.300% due 05/15/2048	28,300	26,679

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

BAE Systems PLC
3.000% due 09/15/2050	11,700	8,333
3.400% due 04/15/2030	7,700	7,037
Baidu, Inc. 2.375% due 08/23/2031 (k)	5,400	4,476
Baker Hughes Holdings LLC 5.125% due 09/15/2040	6,800	6,677
Baptist Healthcare System Obligated Group 3.540% due 08/15/2050	15,000	11,971
Barrick North America Finance LLC 5.700% due 05/30/2041	8,500	8,817
BAT Capital Corp.
4.390% due 08/15/2037	12,200	9,697
4.540% due 08/15/2047	23,333	17,149
4.758% due 09/06/2049	4,200	3,174
Baxter International, Inc. 3.132% due 12/01/2051	10,000	7,250
Bayer U.S. Finance LLC
4.200% due 07/15/2034	14,484	13,575
4.375% due 12/15/2028	9,800	9,553
4.400% due 07/15/2044	4,000	3,216
4.625% due 06/25/2038	900	815
4.875% due 06/25/2048	27,000	24,330
Becton Dickinson & Co. 3.794% due 05/20/2050	10,700	8,853
Beth Israel Lahey Health, Inc. 3.080% due 07/01/2051	14,000	10,184
Bio-Rad Laboratories, Inc. 3.700% due 03/15/2032	24,000	21,356
Biogen, Inc. 3.250% due 02/15/2051	7,181	5,054
Boardwalk Pipelines LP 3.600% due 09/01/2032	20,280	17,192
Boeing Co.
3.250% due 02/01/2035	1,755	1,330
3.600% due 05/01/2034	8,470	6,770
3.625% due 02/01/2031	3,300	2,852
3.650% due 03/01/2047	1,945	1,323
3.750% due 02/01/2050	3,200	2,264
3.825% due 03/01/2059	4,515	2,926
3.950% due 08/01/2059	9,500	6,407
4.508% due 05/01/2023	11,855	11,888
5.150% due 05/01/2030	17,906	17,203
5.705% due 05/01/2040	53,900	50,369
5.805% due 05/01/2050	88,190	81,160
5.930% due 05/01/2060	93,700	85,522
Bon Secours Mercy Health, Inc. 3.205% due 06/01/2050	12,000	8,987
Boston Scientific Corp.
6.750% due 11/15/2035	43,837	51,040
7.375% due 01/15/2040	42,000	52,295
BP Capital Markets America, Inc.
3.000% due 02/24/2050	700	510
3.060% due 06/17/2041	1,830	1,429
Bristol-Myers Squibb Co.
3.700% due 03/15/2052	12,600	10,902
3.900% due 02/20/2028	1,500	1,503
4.250% due 10/26/2049	17,900	16,853
4.350% due 11/15/2047	6,584	6,292
British Airways Pass-Through Trust
3.300% due 06/15/2034	21,073	18,832
3.350% due 12/15/2030	1,959	1,711
4.250% due 05/15/2034	1,662	1,603
Broadcom, Inc.
2.600% due 02/15/2033	41,901	32,270
3.137% due 11/15/2035	57,112	43,449
3.187% due 11/15/2036	2,674	2,036
3.419% due 04/15/2033	24,710	20,460
3.469% due 04/15/2034	94,812	77,290
3.500% due 02/15/2041	26,100	19,727
4.150% due 11/15/2030	4,485	4,114
4.150% due 04/15/2032	44,100	39,864
4.300% due 11/15/2032	21,250	19,328
4.926% due 05/15/2037	6,079	5,459
Buckeye Partners LP 5.600% due 10/15/2044	2,300	1,608
Burlington Northern Santa Fe LLC 4.450% due 03/15/2043	47,000	44,766
Cameron LNG LLC
3.402% due 01/15/2038	26,700	22,756
3.701% due 01/15/2039	900	760
Campbell Soup Co. 3.125% due 04/24/2050	10,200	7,226
Canadian Natural Resources Ltd.
5.850% due 02/01/2035	8,600	8,738
6.450% due 06/30/2033	3,376	3,598

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Canadian Pacific Railway Co. 6.125% due 09/15/2115	51,558	53,610
Carrier Global Corp.
3.377% due 04/05/2040	2,000	1,571
3.577% due 04/05/2050	1,300	987
CDW LLC 3.569% due 12/01/2031	11,800	9,771
Celeo Redes Operacion Chile SA 5.200% due 06/22/2047	3,734	3,417
Cellnex Finance Co. SA 3.875% due 07/07/2041	4,600	3,166
Celulosa Arauco y Constitucion SA 5.500% due 11/02/2047	9,000	7,510
Cenovus Energy, Inc. 6.750% due 11/15/2039	16,900	18,058
Centene Corp.
2.450% due 07/15/2028	25,800	21,588
4.625% due 12/15/2029	3,300	3,087
CenterPoint Energy Resources Corp. 4.100% due 09/01/2047	2,000	1,775
CF Industries, Inc. 5.150% due 03/15/2034	21,425	20,941
Charter Communications Operating LLC
3.500% due 06/01/2041	24,107	16,910
3.500% due 03/01/2042	12,900	8,972
3.700% due 04/01/2051	6,700	4,546
3.750% due 02/15/2028	1,800	1,664
3.850% due 04/01/2061	94,400	62,264
3.900% due 06/01/2052	34,975	24,347
3.950% due 06/30/2062	15,000	10,050
4.200% due 03/15/2028	1,900	1,777
4.400% due 12/01/2061	72,238	52,102
4.800% due 03/01/2050	46,200	36,700
5.125% due 07/01/2049	49,500	41,070
5.250% due 04/01/2053	52,225	44,240
5.375% due 04/01/2038	10,000	8,904
5.375% due 05/01/2047	48,000	40,965
5.500% due 04/01/2063	3,100	2,640
5.750% due 04/01/2048	23,900	21,473
6.384% due 10/23/2035	24,181	24,356
6.484% due 10/23/2045	38,419	37,430
6.834% due 10/23/2055	8,000	8,060
Cheniere Corpus Christi Holdings LLC
2.742% due 12/31/2039	21,010	16,619
3.700% due 11/15/2029	5,000	4,578
Citrix Systems, Inc.
1.250% due 03/01/2026	7,600	7,362
4.500% due 12/01/2027	4,100	4,060
Coca-Cola Co.
2.500% due 03/15/2051	19,600	14,233
2.750% due 06/01/2060	7,500	5,320
Colorado Interstate Gas Co. LLC 6.850% due 06/15/2037	10,900	11,449
Comcast Corp.
2.650% due 08/15/2062	18,400	11,904
2.800% due 01/15/2051	3,500	2,483
2.887% due 11/01/2051	3,299	2,361
2.937% due 11/01/2056	165,999	115,690
3.200% due 07/15/2036	1,300	1,102
3.450% due 02/01/2050	38,100	30,385
3.969% due 11/01/2047	42,110	36,505
3.999% due 11/01/2049	118,328	103,449
4.000% due 03/01/2048	12,260	10,684
5.650% due 06/15/2035	5,900	6,429
7.050% due 03/15/2033	6,875	8,256
CommonSpirit Health
3.347% due 10/01/2029	10,000	9,240
4.187% due 10/01/2049	2,100	1,768
Conagra Brands, Inc.
4.600% due 11/01/2025	5,341	5,367
5.400% due 11/01/2048	4,095	3,875
7.000% due 10/01/2028	1,800	1,946
Constellation Brands, Inc.
4.100% due 02/15/2048	12,200	10,422
4.500% due 05/09/2047	8,100	7,211
4.750% due 05/09/2032	16,000	15,921
Continental Airlines Pass-Through Trust 4.000% due 04/29/2026	3,807	3,662
Continental Resources, Inc.
4.900% due 06/01/2044	22,979	18,136
5.750% due 01/15/2031	8,500	8,234
Corning, Inc. 5.450% due 11/15/2079	5,400	4,878
Corp. Nacional del Cobre de Chile
4.250% due 07/17/2042	2,000	1,654
4.500% due 08/01/2047	10,970	9,350

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

5.625% due 10/18/2043	2,200	2,160
CoStar Group, Inc. 2.800% due 07/15/2030	11,400	9,502
Cox Communications, Inc.
2.950% due 10/01/2050	4,900	3,254
4.500% due 06/30/2043	21,841	19,171
4.700% due 12/15/2042	4,070	3,674
4.800% due 02/01/2035	13,000	12,355
CRH America Finance, Inc.
4.400% due 05/09/2047	2,800	2,498
4.500% due 04/04/2048	8,390	7,584
CSL Finanace PLC Co.
4.750% due 04/27/2052	13,800	13,221
4.950% due 04/27/2062	9,200	8,842
CVS Health Corp.
3.625% due 04/01/2027	2,900	2,827
3.750% due 04/01/2030	4,900	4,588
4.125% due 04/01/2040	10,700	9,358
4.780% due 03/25/2038	1,559	1,478
5.050% due 03/25/2048	39,900	38,252
5.300% due 12/05/2043	7,100	7,105
CVS Pass-Through Trust
4.163% due 08/11/2036	8,317	7,963
4.704% due 01/10/2036	1,245	1,194
5.773% due 01/10/2033	1,034	1,081
5.880% due 01/10/2028	2,358	2,482
5.926% due 01/10/2034	24,247	24,908
6.036% due 12/10/2028	1,089	1,118
6.943% due 01/10/2030	23,240	24,759
7.507% due 01/10/2032	61,821	67,444
8.353% due 07/10/2031	11,550	13,215
DAE Funding LLC 1.550% due 08/01/2024	23,100	21,654
Daimler Trucks Finance North America LLC
2.375% due 12/14/2028	11,300	9,737
2.500% due 12/14/2031	8,904	7,265
Dell International LLC
3.450% due 12/15/2051	51,000	34,607
4.900% due 10/01/2026	19,197	19,244
5.300% due 10/01/2029	37,730	37,232
5.450% due 06/15/2023	4,355	4,400
6.020% due 06/15/2026	84,825	88,201
8.100% due 07/15/2036	10,633	12,430
8.350% due 07/15/2046	7,448	9,294
Delta Air Lines, Inc.
2.900% due 10/28/2024	11,200	10,372
3.750% due 10/28/2029 (k)	45,863	36,424
4.375% due 04/19/2028	4,000	3,405
4.500% due 10/20/2025	2,500	2,432
4.750% due 10/20/2028	2,150	2,033
7.000% due 05/01/2025	4,090	4,145
7.375% due 01/15/2026 (k)	35,442	35,481
Deutsche Telekom International Finance BV 8.750% due 06/15/2030	17,800	21,965
Devon Energy Corp. 7.950% due 04/15/2032	5,535	6,559
Diamondback Energy, Inc. 4.250% due 03/15/2052	7,100	5,905
Discovery Communications LLC
4.000% due 09/15/2055	2,208	1,551
5.200% due 09/20/2047	30,665	26,365
DR Horton, Inc. 4.375% due 09/15/2022	800	801
DT Midstream, Inc. 4.300% due 04/15/2032	17,400	15,985
Eastern Gas Transmission & Storage, Inc.
4.600% due 12/15/2044	4,115	3,784
4.800% due 11/01/2043	800	752
eBay, Inc.
2.600% due 05/10/2031	1,600	1,332
3.650% due 05/10/2051	7,300	5,650
Ecopetrol SA 7.375% due 09/18/2043	25,700	21,016
El Paso Natural Gas Co. LLC 8.375% due 06/15/2032	25,670	30,033
Elevance Health, Inc.
3.600% due 03/15/2051	4,350	3,540
3.700% due 09/15/2049	5,640	4,675
4.375% due 12/01/2047	30,200	27,860
4.550% due 03/01/2048	7,500	7,109
4.550% due 05/15/2052	15,100	14,238
4.625% due 05/15/2042	7,700	7,326
4.650% due 01/15/2043	2,605	2,486
5.100% due 01/15/2044	13,244	13,274
Embotelladora Andina SA 3.950% due 01/21/2050	3,600	2,748

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Enbridge Energy Partners LP
5.500% due 09/15/2040		3,000	2,993
7.375% due 10/15/2045		19,792	23,633
Enbridge, Inc.
2.500% due 08/01/2033		23,600	19,100
3.400% due 08/01/2051		29,500	22,237
4.500% due 06/10/2044		10,948	9,620
Energy Transfer LP
3.600% due 02/01/2023		4,256	4,245
4.050% due 03/15/2025		800	789
4.250% due 03/15/2023		8,506	8,504
4.400% due 03/15/2027		800	776
4.500% due 04/15/2024		300	300
4.900% due 03/15/2035		19,773	17,763
4.950% due 01/15/2043		27,800	23,072
5.000% due 10/01/2022		900	901
5.000% due 05/15/2044		44,517	37,251
5.000% due 05/15/2050		3,300	2,813
5.150% due 02/01/2043		26,785	22,865
5.150% due 03/15/2045		42,386	36,320
5.300% due 04/01/2044		12,314	10,704
5.300% due 04/15/2047		21,750	18,877
5.350% due 05/15/2045		20,088	17,531
5.400% due 10/01/2047		5,038	4,431
5.800% due 06/15/2038		900	846
6.050% due 06/01/2041		1,900	1,828
6.100% due 02/15/2042		8,356	7,803
6.125% due 12/15/2045		38,548	36,843
6.500% due 02/01/2042		9,063	9,049
6.625% due 10/15/2036		22,002	22,122
7.500% due 07/01/2038		5,100	5,472
EnLink Midstream Partners LP 5.450% due 06/01/2047		13,800	9,793
Entergy Louisiana LLC
2.900% due 03/15/2051		8,400	6,073
3.100% due 06/15/2041		14,600	11,598
4.200% due 09/01/2048		1,410	1,297
5.000% due 07/15/2044		4,300	4,021
Enterprise Products Operating LLC
4.200% due 01/31/2050		10,568	8,835
4.450% due 02/15/2043		77,745	67,866
4.800% due 02/01/2049		3,575	3,241
4.850% due 08/15/2042		11,300	10,398
4.850% due 03/15/2044		32,362	29,547
4.875% due 08/16/2077 •		15,999	12,758
5.100% due 02/15/2045		31,665	29,851
5.250% due 08/16/2077 •		5,601	4,658
5.750% due 03/01/2035		13,761	13,895
5.950% due 02/01/2041		1,863	1,949
6.450% due 09/01/2040		4,995	5,414
EQM Midstream Partners LP 4.000% due 08/01/2024		2,095	1,949
ERAC USA Finance LLC 7.000% due 10/15/2037		9,200	10,807
Essential Utilities, Inc. 5.300% due 05/01/2052		11,500	11,696
Expedia Group, Inc.
3.250% due 02/15/2030		5,343	4,461
4.625% due 08/01/2027		4,600	4,424
FactSet Research Systems, Inc. 3.450% due 03/01/2032		10,000	8,777
FedEx Corp.
3.875% due 08/01/2042		765	652
4.550% due 04/01/2046		8,300	7,467
4.750% due 11/15/2045		3,250	2,986
4.950% due 10/17/2048		14,000	13,363
5.100% due 01/15/2044		14,941	14,419
Fiserv, Inc. 4.400% due 07/01/2049		15,000	12,925
Flex Intermediate Holdco LLC
3.363% due 06/30/2031		6,400	5,233
4.317% due 12/30/2039		55,500	43,285
Flex Ltd.
3.750% due 02/01/2026		2,000	1,916
4.875% due 05/12/2030		18,200	17,344
Ford Foundation
2.415% due 06/01/2050		3,800	2,718
2.815% due 06/01/2070		7,100	4,900
Fortune Brands Home & Security, Inc.
4.000% due 06/15/2025		1,200	1,185
4.500% due 03/25/2052		6,000	4,647
Fraport AG Frankfurt Airport Services Worldwide 1.875% due 03/31/2028	EUR	3,000	2,759
Freeport-McMoRan, Inc. 5.400% due 11/14/2034	$	7,400	7,237

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Fresenius Medical Care U.S. Finance, Inc. 3.000% due 12/01/2031		27,100	22,092
Gazprom PJSC Via Gaz Capital SA
2.250% due 11/22/2024	EUR	3,900	1,328
3.125% due 11/17/2023		10,700	4,765
4.250% due 04/06/2024	GBP	12,600	5,177
5.150% due 02/11/2026	$	24,500	7,963
GE Capital Funding LLC 4.550% due 05/15/2032		18,200	17,578
GE Capital International Funding Co. Unlimited Co. 4.418% due 11/15/2035		98,244	91,885
General Motors Co. 5.150% due 04/01/2038		5,400	4,717
Gilead Sciences, Inc.
4.750% due 03/01/2046		2,500	2,403
4.800% due 04/01/2044		325	315
Glencore Finance Canada Ltd.
5.550% due 10/25/2042		8,730	8,291
6.900% due 11/15/2037		100	112
Global Payments, Inc. 4.150% due 08/15/2049		4,400	3,450
GNL Quintero SA 4.634% due 07/31/2029		4,412	4,244
GSK Consumer Healthcare Capital U.S. LLC
3.625% due 03/24/2032		6,700	6,199
4.000% due 03/24/2052		4,900	4,208
GTL Trade Finance, Inc. 7.250% due 04/16/2044 (k)		5,200	5,423
GTP Acquisition Partners LLC 3.482% due 06/15/2050		7,500	7,391
Halliburton Co. 7.450% due 09/15/2039		12,739	14,875
HCA, Inc.
3.500% due 07/15/2051		15,500	10,615
3.625% due 03/15/2032		18,500	15,628
4.500% due 02/15/2027		8,800	8,468
4.625% due 03/15/2052		27,300	21,883
5.250% due 06/15/2049		10,000	8,633
5.500% due 06/15/2047		26,202	23,427
Heineken NV 4.350% due 03/29/2047		12,200	11,235
Helmerich & Payne, Inc. 2.900% due 09/29/2031		15,300	13,130
Hoag Memorial Hospital Presbyterian 3.803% due 07/15/2052		28,000	24,558
Holcim Finance U.S. LLC 4.750% due 09/22/2046		2,400	2,161
Home Depot, Inc. 4.400% due 03/15/2045		9,350	8,946
Humana, Inc.
3.950% due 08/15/2049		11,800	10,000
8.150% due 06/15/2038		1,000	1,296
Huntsman International LLC 4.500% due 05/01/2029		4,000	3,776
Hyatt Hotels Corp.
4.375% due 09/15/2028		1,100	1,038
6.000% due 04/23/2030		5,850	5,901
Hyundai Capital America 2.000% due 06/15/2028		15,000	12,626
Imperial Brands Finance PLC
3.500% due 02/11/2023		200	199
3.500% due 07/26/2026		7,800	7,320
3.875% due 07/26/2029		6,900	6,221
4.250% due 07/21/2025		19,615	19,444
Industrias Penoles SAB de CV 4.750% due 08/06/2050		8,500	6,763
Integris Baptist Medical Center, Inc. 3.875% due 08/15/2050		10,800	9,211
International Flavors & Fragrances, Inc. 2.300% due 11/01/2030		9,000	7,405
International Paper Co. 8.700% due 06/15/2038		9,455	12,265
JetBlue Pass-Through Trust
2.750% due 11/15/2033		1,781	1,546
4.000% due 05/15/2034		12,175	11,349
Juniper Networks, Inc. 5.950% due 03/15/2041		42,478	41,590
Kaiser Foundation Hospitals 4.150% due 05/01/2047		14,300	13,381
Kansas City Southern
3.500% due 05/01/2050		2,300	1,799
4.300% due 05/15/2043		5,000	4,417
4.700% due 05/01/2048		17,700	16,764
4.950% due 08/15/2045		24,795	23,965
Keurig Dr Pepper, Inc. 4.500% due 04/15/2052		60,000	53,032

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Kinder Morgan Energy Partners LP
4.700% due 11/01/2042	6,209	5,227
5.000% due 08/15/2042	4,000	3,512
5.000% due 03/01/2043	33,335	29,235
5.400% due 09/01/2044	300	277
5.625% due 09/01/2041	1,700	1,588
5.800% due 03/15/2035	10,942	11,055
6.375% due 03/01/2041	10,715	10,737
6.500% due 02/01/2037	12,219	13,017
6.500% due 09/01/2039	36,840	38,078
6.550% due 09/15/2040	30,300	31,593
6.950% due 01/15/2038	800	863
7.400% due 03/15/2031	5,000	5,620
7.500% due 11/15/2040	25,567	28,811
Kinder Morgan, Inc.
5.300% due 12/01/2034	1,365	1,336
7.800% due 08/01/2031	2,000	2,329
Kraft Heinz Foods Co.
4.375% due 06/01/2046	6,000	5,010
5.000% due 06/04/2042	10,250	9,382
5.500% due 06/01/2050	7,000	6,736
6.500% due 02/09/2040	47,238	51,141
7.125% due 08/01/2039	24,043	26,979
L3Harris Technologies, Inc. 4.854% due 04/27/2035	2,150	2,124
Las Vegas Sands Corp.
2.900% due 06/25/2025	2,800	2,501
3.200% due 08/08/2024	27,700	26,195
3.500% due 08/18/2026	132,600	115,421
3.900% due 08/08/2029 (k)	28,992	23,710
Leidos, Inc.
2.300% due 02/15/2031	7,900	6,302
4.375% due 05/15/2030	2,000	1,852
Leland Stanford Junior University 2.413% due 06/01/2050	12,600	9,044
Lenovo Group Ltd. 3.421% due 11/02/2030	18,600	15,854
Level 3 Financing, Inc. 3.875% due 11/15/2029	11,350	9,396
Lockheed Martin Corp.
3.600% due 03/01/2035	2,500	2,317
4.150% due 06/15/2053	1,000	935
4.300% due 06/15/2062	23,300	21,936
4.500% due 05/15/2036	2,100	2,091
Lowe's Cos., Inc. 4.250% due 04/01/2052	2,500	2,171
Macmillan Bloedel Pembroke LP 7.700% due 02/15/2026	8,555	9,523
Magallanes, Inc.
5.050% due 03/15/2042	3,240	2,762
5.141% due 03/15/2052	13,200	11,097
5.391% due 03/15/2062	42,174	35,345
Marathon Petroleum Corp. 6.500% due 03/01/2041	13,503	14,767
Marriott International, Inc.
2.750% due 10/15/2033	10,000	7,877
2.850% due 04/15/2031	9,700	8,054
3.500% due 10/15/2032	23,700	20,472
3.600% due 04/15/2024	7,600	7,535
4.625% due 06/15/2030	9,690	9,299
Marvell Technology, Inc.
2.950% due 04/15/2031	13,894	11,675
4.875% due 06/22/2028	10,200	10,069
Masco Corp.
4.500% due 05/15/2047	1,909	1,628
7.750% due 08/01/2029	2,539	2,873
Massachusetts Institute of Technology 5.600% due 07/01/2111	1,668	2,011
McDonald's Corp. 3.625% due 09/01/2049	16,800	13,911
MDC Holdings, Inc.
3.966% due 08/06/2061	10,300	5,946
6.000% due 01/15/2043	25,375	20,768
Merck & Co., Inc.
2.750% due 12/10/2051	13,500	9,995
2.900% due 12/10/2061	13,500	9,618
Micron Technology, Inc. 5.327% due 02/06/2029	8,500	8,464
Microsoft Corp.
2.675% due 06/01/2060	32,710	23,503
2.921% due 03/17/2052	20,236	15,995
Mileage Plus Holdings LLC 6.500% due 06/20/2027	6,400	6,309
Moody's Corp.
3.100% due 11/29/2061	6,000	4,129
3.250% due 05/20/2050	1,500	1,119

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

3.750% due 02/25/2052	7,600	6,220
4.875% due 12/17/2048	9,000	8,804
5.250% due 07/15/2044	4,144	4,165
Motorola Solutions, Inc.
2.300% due 11/15/2030	3,100	2,429
5.500% due 09/01/2044	5,686	5,305
MPLX LP
3.500% due 12/01/2022	2,525	2,524
4.900% due 04/15/2058	19,120	15,859
4.950% due 03/14/2052	33,343	28,890
5.200% due 03/01/2047	5,000	4,543
5.200% due 12/01/2047	2,100	1,894
5.500% due 02/15/2049	200	186
Mylan, Inc.
3.125% due 01/15/2023	700	696
5.200% due 04/15/2048	17,200	13,767
Nationwide children's Hospital, Inc. 4.556% due 11/01/2052	2,500	2,519
NBCUniversal Media LLC 4.450% due 01/15/2043	19,107	17,706
Netflix, Inc.
4.875% due 04/15/2028	9,450	8,913
5.375% due 11/15/2029	3,900	3,693
Newcrest Finance Pty. Ltd. 5.750% due 11/15/2041	22,905	22,640
Newell Brands, Inc. 5.625% due 04/01/2036	2,309	2,004
Newmont Corp.
5.450% due 06/09/2044	31,100	31,302
6.250% due 10/01/2039	1,710	1,886
Nissan Motor Co. Ltd.
4.345% due 09/17/2027	6,600	6,064
4.810% due 09/17/2030	10,400	9,249
Norfolk Southern Corp.
3.942% due 11/01/2047	4,994	4,331
4.050% due 08/15/2052	2,510	2,194
4.100% due 05/15/2121	9,700	7,319
Northern Natural Gas Co.
3.400% due 10/16/2051	3,500	2,614
4.100% due 09/15/2042	14,000	11,936
4.300% due 01/15/2049	18,375	16,036
Northrop Grumman Corp. 3.850% due 04/15/2045	9,500	8,022
Northwell Healthcare, Inc. 3.809% due 11/01/2049	14,900	12,589
Nucor Corp. 3.850% due 04/01/2052	6,100	4,970
NXP BV
3.150% due 05/01/2027	1,800	1,670
3.250% due 05/11/2041	3,300	2,490
5.000% due 01/15/2033	3,800	3,713
5.350% due 03/01/2026	10,000	10,201
5.550% due 12/01/2028	2,200	2,233
Occidental Petroleum Corp. 7.950% due 06/15/2039	2,788	3,156
Ochsner LSU Health System of North Louisiana 2.510% due 05/15/2031	5,600	4,540
Odebrecht Oil & Gas Finance Ltd. 0.000% due 08/01/2022 (e)(g)	4,491	19
ONEOK Partners LP
6.125% due 02/01/2041	27,327	26,085
6.200% due 09/15/2043	47,644	44,944
6.650% due 10/01/2036	4,765	4,862
6.850% due 10/15/2037	8,494	8,737
Oracle Corp.
3.600% due 04/01/2040	22,300	16,700
3.600% due 04/01/2050	32,670	22,755
3.650% due 03/25/2041 (i)	18,500	13,815
3.800% due 11/15/2037	8,405	6,552
3.850% due 07/15/2036	1,500	1,207
3.850% due 04/01/2060	61,842	42,515
3.900% due 05/15/2035	5,000	4,131
3.950% due 03/25/2051 (i)	7,500	5,520
4.000% due 07/15/2046	15,350	11,377
4.000% due 11/15/2047	64,510	47,958
4.100% due 03/25/2061 (i)	50,450	35,797
4.125% due 05/15/2045	5,100	3,888
4.500% due 07/08/2044	1,400	1,145
Orlando Health Obligated Group 3.327% due 10/01/2050	8,500	6,629
Owens Corning
4.300% due 07/15/2047	19,940	16,302
4.400% due 01/30/2048	22,600	18,731
7.000% due 12/01/2036	246	276
Pacific National Finance Pty. Ltd.
4.750% due 03/22/2028	14,885	14,244

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

6.000% due 04/07/2023	19,900	20,132
Packaging Corp. of America 4.050% due 12/15/2049	3,100	2,575
Paramount Global 4.850% due 07/01/2042	1,834	1,527
PayPal Holdings, Inc.
5.050% due 06/01/2052	11,000	10,938
5.250% due 06/01/2062	15,000	14,880
PeaceHealth Obligated Group 4.787% due 11/15/2048	2,200	2,192
Penske Truck Leasing Co. LP 4.250% due 01/17/2023	7,204	7,229
Perrigo Finance Unlimited Co. 4.400% due 06/15/2030	13,300	11,887
Pertamina Persero PT
6.000% due 05/03/2042	5,000	4,817
6.450% due 05/30/2044	5,700	5,799
Petroleos Mexicanos
6.700% due 02/16/2032	1,428	1,092
6.750% due 09/21/2047	84,889	52,712
6.950% due 01/28/2060	8,284	5,125
7.690% due 01/23/2050	17,742	12,119
Petronas Capital Ltd. 4.550% due 04/21/2050	400	383
Pfizer, Inc. 5.600% due 09/15/2040	16,865	18,853
Philip Morris International, Inc.
3.875% due 08/21/2042	1,875	1,470
4.125% due 03/04/2043	2,575	2,083
4.250% due 11/10/2044	24,400	19,880
4.375% due 11/15/2041	11,100	9,240
4.875% due 11/15/2043	2,500	2,229
Pioneer Natural Resources Co. 7.200% due 01/15/2028	24,475	26,928
Prosus NV
3.680% due 01/21/2030	1,600	1,276
3.832% due 02/08/2051	12,300	7,430
4.027% due 08/03/2050	4,000	2,490
PulteGroup, Inc. 5.500% due 03/01/2026	1,775	1,807
Qatar Energy
3.125% due 07/12/2041	200	157
3.300% due 07/12/2051	22,880	17,723
QVC, Inc.
4.850% due 04/01/2024	800	749
5.950% due 03/15/2043	25,665	17,352
Ras Laffan Liquefied Natural Gas Co. Ltd.
5.838% due 09/30/2027	4,341	4,531
6.332% due 09/30/2027	3,222	3,361
Raytheon Technologies Corp.
4.050% due 05/04/2047	7,100	6,304
4.450% due 11/16/2038	6,200	5,925
Regeneron Pharmaceuticals, Inc. 1.750% due 09/15/2030	2,150	1,726
Reliance Industries Ltd. 3.750% due 01/12/2062	9,300	6,807
Reynolds American, Inc.
5.850% due 08/15/2045	21,248	17,865
6.150% due 09/15/2043	10,920	10,138
Rockies Express Pipeline LLC 7.500% due 07/15/2038	25,640	22,676
Rogers Communications, Inc.
3.800% due 03/15/2032	10,000	9,156
4.500% due 03/15/2042	6,900	6,142
4.550% due 03/15/2052	26,300	23,158
Royalty Pharma PLC
3.300% due 09/02/2040	12,900	9,549
3.350% due 09/02/2051	1,000	680
3.550% due 09/02/2050	17,900	12,534
S&P Global, Inc.
2.300% due 08/15/2060	4,400	2,690
2.900% due 03/01/2032	3,460	3,086
3.250% due 12/01/2049	1,700	1,331
3.700% due 03/01/2052	14,000	11,971
3.900% due 03/01/2062	2,800	2,382
4.250% due 05/01/2029	7,700	7,622
Sabine Pass Liquefaction LLC
4.200% due 03/15/2028	24,200	23,299
4.500% due 05/15/2030	26,265	25,198
5.000% due 03/15/2027	35,800	35,960
5.625% due 03/01/2025	300	306
5.750% due 05/15/2024	8,950	9,135
5.875% due 06/30/2026	7,556	7,820
Sands China Ltd.
2.550% due 03/08/2027	600	438
4.875% due 06/18/2030	19,300	14,140

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

5.125% due 08/08/2025	31,500	26,478
5.400% due 08/08/2028	38,300	29,593
Santos Finance Ltd. 3.649% due 04/29/2031	35,700	30,320
Saudi Arabian Oil Co.
3.250% due 11/24/2050	14,600	10,638
3.500% due 11/24/2070	19,600	13,939
Seagate HDD Cayman 4.125% due 01/15/2031	3,500	2,867
Siemens Financieringsmaatschappij NV 2.875% due 03/11/2041	10,100	7,862
Skyworks Solutions, Inc. 3.000% due 06/01/2031	20,200	16,614
South Jersey Industries, Inc. 5.020% due 04/15/2031	28,000	24,966
Southern Co.
3.700% due 04/30/2030	100	93
3.750% due 09/15/2051 •	18,400	15,680
4.250% due 07/01/2036	9,300	8,531
4.400% due 07/01/2046	19,705	17,166
Southern Natural Gas Co. LLC 8.000% due 03/01/2032	8,346	9,779
Southwest Airlines Co. 4.750% due 05/04/2023	6,470	6,524
Spirit AeroSystems, Inc.
3.850% due 06/15/2026	2,400	2,059
4.600% due 06/15/2028	800	592
Spirit Airlines Pass-Through Trust 4.100% due 10/01/2029	4,555	4,370
Sprint Spectrum Co. LLC 5.152% due 09/20/2029	22,100	22,298
Standard Industries, Inc. 4.750% due 01/15/2028	17,100	14,668
Starbucks Corp.
3.500% due 11/15/2050	17,358	13,608
4.450% due 08/15/2049	2,000	1,798
Suncor Energy, Inc.
6.500% due 06/15/2038	100	111
7.000% due 11/15/2028	17,772	20,051
Sutter Health
3.161% due 08/15/2040	1,950	1,536
3.361% due 08/15/2050	2,600	2,000
Suzano Austria GmbH
6.000% due 01/15/2029	13,600	13,509
7.000% due 03/16/2047	9,750	9,323
Sydney Airport Finance Co. Pty. Ltd. 3.900% due 03/22/2023	1,200	1,202
Syngenta Finance NV
4.441% due 04/24/2023	1,000	1,008
4.892% due 04/24/2025	6,950	6,974
5.676% due 04/24/2048	13,575	13,952
T-Mobile USA, Inc.
2.050% due 02/15/2028	11,600	10,082
2.550% due 02/15/2031	10,400	8,762
2.700% due 03/15/2032	2,300	1,932
3.300% due 02/15/2051	39,900	29,141
3.400% due 10/15/2052	31,800	23,555
3.600% due 11/15/2060	39,797	29,165
3.750% due 04/15/2027	14,400	13,878
3.875% due 04/15/2030	4,395	4,106
4.375% due 04/15/2040	18,700	16,726
4.500% due 04/15/2050	52,300	46,528
Take-Two Interactive Software, Inc. 4.000% due 04/14/2032	7,700	7,237
Targa Resources Corp.
4.950% due 04/15/2052	8,900	7,646
6.250% due 07/01/2052 (a)	14,300	14,370
TD SYNNEX Corp.
2.375% due 08/09/2028	9,200	7,766
2.650% due 08/09/2031	2,450	1,982
Telefonica Emisiones SA
4.895% due 03/06/2048	15,330	13,102
5.213% due 03/08/2047	15,900	14,124
5.520% due 03/01/2049	7,800	7,256
7.045% due 06/20/2036	15,097	16,875
Tencent Holdings Ltd.
2.390% due 06/03/2030	22,675	19,000
3.240% due 06/03/2050	14,300	9,887
3.290% due 06/03/2060	13,300	8,825
3.595% due 01/19/2028	4,000	3,803
3.680% due 04/22/2041	82,000	65,265
3.840% due 04/22/2051	9,100	7,076
3.925% due 01/19/2038	12,700	10,858
3.940% due 04/22/2061	14,300	10,912
3.975% due 04/11/2029	52,663	49,933

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Tencent Music Entertainment Group 2.000% due 09/03/2030	1,800	1,407
Tennessee Gas Pipeline Co. LLC
2.900% due 03/01/2030	4,500	3,892
7.625% due 04/01/2037	320	359
Teva Pharmaceutical Finance Co. BV 2.950% due 12/18/2022	4,585	4,523
Texas Eastern Transmission LP 4.150% due 01/15/2048	400	333
Thomas Jefferson University 3.847% due 11/01/2057	7,300	6,030
Thomson Reuters Corp. 5.650% due 11/23/2043	10,791	11,029
Time Warner Cable LLC
4.500% due 09/15/2042	18,500	14,472
5.500% due 09/01/2041	14,800	12,944
5.875% due 11/15/2040	5,200	4,774
6.550% due 05/01/2037	7,306	7,328
6.750% due 06/15/2039	52,495	52,285
7.300% due 07/01/2038	2,080	2,176
Time Warner Entertainment Co. LP
8.375% due 03/15/2023	1,128	1,161
8.375% due 07/15/2033	18,420	21,334
Topaz Solar Farms LLC 4.875% due 09/30/2039	5,260	4,562
TotalEnergies Capital International SA
3.386% due 06/29/2060	10,700	8,186
3.461% due 07/12/2049	5,300	4,297
TransCanada PipeLines Ltd.
4.625% due 03/01/2034	800	769
4.750% due 05/15/2038	2,300	2,180
4.875% due 05/15/2048	25,600	24,604
6.200% due 10/15/2037	3,484	3,791
7.250% due 08/15/2038	1,075	1,282
7.625% due 01/15/2039	10,020	12,340
Transcontinental Gas Pipe Line Co. LLC
3.950% due 05/15/2050	23,200	19,312
4.600% due 03/15/2048	2,400	2,181
5.400% due 08/15/2041	4,330	4,297
Trustees of the University of Pennsylvania 4.674% due 09/01/2112	2,500	2,447
TSMC Global Ltd. 2.250% due 04/23/2031	5,200	4,398
TTX Co. 4.600% due 02/01/2049	3,700	3,546
U.S. Airways Pass-Through Trust
3.950% due 05/15/2027	5,048	4,603
4.625% due 12/03/2026	2,029	1,869
7.125% due 04/22/2025	1,423	1,437
Union Pacific Corp.
2.973% due 09/16/2062	800	556
3.200% due 05/20/2041	32,000	26,162
3.550% due 08/15/2039	2,800	2,427
3.550% due 05/20/2061	22,710	18,098
3.750% due 02/05/2070	9,600	7,643
3.799% due 04/06/2071	12,500	10,048
3.950% due 08/15/2059	10	9
United Airlines Pass-Through Trust
3.100% due 01/07/2030	26,156	23,942
3.100% due 04/07/2030	3,226	2,764
3.450% due 06/01/2029	2,201	2,053
3.450% due 01/07/2030	811	704
3.500% due 09/01/2031	4,003	3,665
3.750% due 03/03/2028	4,892	4,667
4.000% due 10/11/2027	10,895	10,273
4.150% due 02/25/2033	8,680	8,179
4.300% due 02/15/2027	11,455	10,968
4.550% due 08/25/2031	13,642	12,228
5.875% due 04/15/2029	39,463	38,843
UnitedHealth Group, Inc.
3.050% due 05/15/2041	27,200	21,970
3.250% due 05/15/2051	20,200	15,896
3.700% due 08/15/2049	5,800	4,959
3.750% due 10/15/2047	6,160	5,336
3.875% due 08/15/2059	700	606
4.200% due 01/15/2047	285	266
4.625% due 11/15/2041	14,000	13,820
4.750% due 07/15/2045	5,099	5,141
4.950% due 05/15/2062	5,000	5,080
5.950% due 02/15/2041	4,700	5,291
6.875% due 02/15/2038	150	186
Vale Overseas Ltd.
3.750% due 07/08/2030	3,800	3,337
6.875% due 11/21/2036	22,806	24,531
6.875% due 11/10/2039	18,583	19,817

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Valero Energy Corp.
3.650% due 12/01/2051	13,500	10,116
4.000% due 04/01/2029	8,800	8,332
VeriSign, Inc. 2.700% due 06/15/2031	9,400	7,575
Verisk Analytics, Inc. 3.625% due 05/15/2050	11,900	9,291
VMware, Inc.
1.800% due 08/15/2028	5,600	4,656
2.200% due 08/15/2031	7,700	6,071
3.900% due 08/21/2027	3,200	3,074
4.500% due 05/15/2025	2,900	2,911
4.700% due 05/15/2030	25,900	24,999
Volkswagen Group of America Finance LLC 3.350% due 05/13/2025	1,900	1,838
Walt Disney Co.
2.750% due 09/01/2049	22,900	16,395
3.500% due 05/13/2040	10,100	8,625
3.600% due 01/13/2051	7,900	6,611
3.800% due 05/13/2060	43,500	36,470
4.750% due 09/15/2044	6,000	5,868
West Virginia United Health System Obligated Group 3.129% due 06/01/2050	4,400	3,225
Western & Southern Life Insurance Co.
3.750% due 04/28/2061	24,300	18,599
5.150% due 01/15/2049	16,000	16,121
Western Digital Corp. 4.750% due 02/15/2026	2,375	2,273
Westinghouse Air Brake Technologies Corp. 4.950% due 09/15/2028	4,690	4,534
Whirlpool Corp. 5.150% due 03/01/2043	14,775	13,504
Williams Cos., Inc. 8.750% due 03/15/2032	1,710	2,137
Woodside Finance Ltd. 4.500% due 03/04/2029	6,700	6,454
Workday, Inc. 3.800% due 04/01/2032 (k)	34,700	31,743
Wynn Las Vegas LLC
4.250% due 05/30/2023	2,947	2,833
5.500% due 03/01/2025	6,635	6,084
Yale University 2.402% due 04/15/2050	6,900	5,014
Yara International ASA
3.148% due 06/04/2030	4,800	4,101
4.750% due 06/01/2028	4,400	4,218
Zimmer Biomet Holdings, Inc.
4.250% due 08/15/2035	1,681	1,541
4.450% due 08/15/2045	2,600	2,225
Zoetis, Inc.
3.950% due 09/12/2047	9,000	7,876
4.450% due 08/20/2048	7,500	7,024
4.700% due 02/01/2043	4,069	3,903
		9,438,913
UTILITIES 14.3%
AEP Texas, Inc.
3.450% due 05/15/2051	10,000	7,693
4.150% due 05/01/2049	14,400	12,363
AES Corp. 3.950% due 07/15/2030	7,000	6,334
Alabama Power Co.
3.450% due 10/01/2049	3,600	2,856
3.700% due 12/01/2047	100	84
3.850% due 12/01/2042	2,950	2,544
4.300% due 07/15/2048	8,700	7,980
5.200% due 06/01/2041	200	200
Alliant Energy Finance LLC 3.600% due 03/01/2032	13,500	12,237
Ameren Illinois Co.
2.900% due 06/15/2051	32,500	23,924
3.250% due 03/15/2050	2,600	2,038
3.700% due 12/01/2047	2,200	1,880
American Electric Power Co., Inc. 3.875% due 02/15/2062 •	9,100	7,202
American Transmission Systems, Inc. 5.000% due 09/01/2044	13,395	12,935
American Water Capital Corp.
3.750% due 09/01/2047	5,000	4,171
4.300% due 12/01/2042	8,700	8,044
6.593% due 10/15/2037	150	174
Appalachian Power Co.
4.400% due 05/15/2044	6,350	5,582
5.800% due 10/01/2035	2,176	2,282
6.375% due 04/01/2036	5,146	5,542

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

6.700% due 08/15/2037		3,600	4,069
7.000% due 04/01/2038		2,978	3,466
Arizona Public Service Co.
3.350% due 05/15/2050		13,650	10,047
3.500% due 12/01/2049		7,100	5,326
4.500% due 04/01/2042		6,104	5,430
AT&T, Inc.
3.150% due 09/04/2036	EUR	2,800	2,707
3.500% due 09/15/2053	$	66,897	50,821
3.550% due 09/15/2055		124,782	93,699
3.650% due 06/01/2051		13,050	10,227
3.650% due 09/15/2059		269,441	202,395
3.800% due 12/01/2057		201,180	155,840
3.850% due 06/01/2060		28,820	22,326
Atmos Energy Corp. 4.300% due 10/01/2048		16,900	15,760
Avista Corp. 4.000% due 04/01/2052		12,800	11,576
Berkshire Hathaway Energy Co.
4.450% due 01/15/2049		24,790	23,157
4.500% due 02/01/2045		580	538
4.600% due 05/01/2053		15,000	14,409
BG Energy Capital PLC 5.125% due 10/15/2041		30,145	30,560
Black Hills Corp. 4.200% due 09/15/2046		4,284	3,629
Boston Gas Co. 4.487% due 02/15/2042		7,784	6,970
British Telecommunications PLC 9.625% due 12/15/2030		10,075	12,550
Brooklyn Union Gas Co. 4.487% due 03/04/2049		7,500	6,385
CenterPoint Energy Houston Electric LLC
2.900% due 07/01/2050		4,400	3,305
3.350% due 04/01/2051		13,900	11,325
3.600% due 03/01/2052		16,270	13,981
Cleco Corporate Holdings LLC 4.973% due 05/01/2046		400	378
Cleco Power LLC 6.000% due 12/01/2040		18,175	19,361
Cleveland Electric Illuminating Co. 5.950% due 12/15/2036		7,000	7,424
CMS Energy Corp. 4.700% due 03/31/2043		3,837	3,470
Commonwealth Edison Co.
3.000% due 03/01/2050		5,200	3,953
3.125% due 03/15/2051		17,300	13,317
3.850% due 03/15/2052		8,400	7,420
Connecticut Light & Power Co.
2.050% due 07/01/2031		4,845	4,099
4.000% due 04/01/2048		1,300	1,180
4.300% due 04/15/2044		13,009	12,112
Consolidated Edison Co. of New York, Inc.
3.000% due 12/01/2060		6,480	4,445
3.600% due 06/15/2061		22,385	17,697
4.125% due 05/15/2049		18,110	15,991
4.200% due 03/15/2042		5,000	4,416
4.500% due 05/15/2058		33,831	30,487
4.625% due 12/01/2054		2,285	2,126
5.700% due 06/15/2040		4,900	5,186
Constellation Energy Generation LLC
5.600% due 06/15/2042		21,664	20,896
6.250% due 10/01/2039		13,115	13,432
Consumers Energy Co.
4.050% due 05/15/2048		8,100	7,388
4.100% due 11/15/2045		2,150	1,884
4.350% due 04/15/2049		14,000	13,296
Dayton Power & Light Co. 3.950% due 06/15/2049		11,000	9,475
Dominion Energy, Inc.
2.250% due 08/15/2031		15,600	12,843
4.600% due 03/15/2049		4,046	3,770
DTE Electric Co.
2.950% due 03/01/2050		4,100	3,138
3.250% due 04/01/2051		8,400	6,781
3.650% due 03/01/2052		5,600	4,847
3.950% due 06/15/2042		500	432
4.300% due 07/01/2044		9,150	8,549
Duke Energy Carolinas LLC
2.850% due 03/15/2032		6,400	5,687
3.200% due 08/15/2049		16,000	12,539
3.450% due 04/15/2051		5,600	4,570
3.550% due 03/15/2052		8,000	6,667
3.700% due 12/01/2047		15,355	13,036
3.750% due 06/01/2045		4,358	3,658
3.875% due 03/15/2046		2,034	1,795

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

3.950% due 03/15/2048		9,915	8,752
4.000% due 09/30/2042		3,500	3,115
4.250% due 12/15/2041		16,400	15,147
Duke Energy Corp.
3.300% due 06/15/2041		7,450	5,778
3.500% due 06/15/2051		4,450	3,362
3.750% due 09/01/2046		17,850	14,093
3.950% due 08/15/2047		4,670	3,801
4.200% due 06/15/2049		5,000	4,184
Duke Energy Florida LLC
4.200% due 07/15/2048		7,600	6,945
5.650% due 04/01/2040		6,000	6,429
Duke Energy Indiana LLC 4.900% due 07/15/2043		105	103
Duke Energy Progress LLC
2.500% due 08/15/2050		25,000	17,134
3.600% due 09/15/2047		44,900	37,546
4.100% due 03/15/2043		6,026	5,418
Duquesne Light Holdings, Inc. 2.532% due 10/01/2030		3,700	3,044
E.ON International Finance BV 6.650% due 04/30/2038		1,520	1,663
Electricite de France SA
4.950% due 10/13/2045		23,555	19,695
5.000% due 09/21/2048		12,622	10,872
6.000% due 01/22/2114		19,398	16,874
Emera U.S. Finance LP 4.750% due 06/15/2046		11,300	9,970
Enel Finance International NV
2.875% due 07/12/2041		18,100	12,217
4.750% due 05/25/2047		44,580	38,062
Entergy Arkansas LLC
3.350% due 06/15/2052		7,400	5,858
4.200% due 04/01/2049		5,800	5,359
Entergy Corp. 3.750% due 06/15/2050		13,000	10,230
Entergy Mississippi LLC 3.500% due 06/01/2051		1,500	1,214
Entergy Texas, Inc. 4.500% due 03/30/2039		4,000	3,756
Evergy Kansas Central, Inc. 3.450% due 04/15/2050		8,300	6,635
Evergy Metro, Inc.
4.125% due 04/01/2049		15,431	13,798
4.200% due 06/15/2047		1,200	1,080
Eversource Energy 3.350% due 03/15/2026		2,838	2,760
Exelon Corp.
4.100% due 03/15/2052		5,000	4,323
5.625% due 06/15/2035		7,000	7,390
Fells Point Funding Trust 3.046% due 01/31/2027		20,000	18,460
FirstEnergy Corp. 3.400% due 03/01/2050		8,600	5,848
FirstEnergy Transmission LLC
2.866% due 09/15/2028		2,600	2,202
4.350% due 01/15/2025		10,846	10,686
4.550% due 04/01/2049		2,969	2,395
5.450% due 07/15/2044		10,100	9,469
Florida Power & Light Co.
2.875% due 12/04/2051		13,300	9,919
3.700% due 12/01/2047		18,800	16,570
4.050% due 10/01/2044		4,200	3,879
Gazprom PJSC via Gaz Finance PLC
1.500% due 02/17/2027	EUR	24,900	7,828
2.950% due 01/27/2029	$	47,900	14,370
3.250% due 02/25/2030		26,400	7,920
Georgia Power Co.
3.250% due 03/15/2051		25,300	18,633
4.750% due 09/01/2040		1,425	1,311
5.125% due 05/15/2052		34,800	34,584
5.400% due 06/01/2040		9,085	8,980
Idaho Power Co. 4.850% due 08/15/2040		8,000	8,109
Indiana Michigan Power Co.
3.250% due 05/01/2051		14,800	11,243
4.250% due 08/15/2048		5,000	4,442
4.550% due 03/15/2046		500	466
Interstate Power & Light Co. 6.250% due 07/15/2039		5,000	5,629
IPALCO Enterprises, Inc. 4.250% due 05/01/2030		14,524	13,506
Jersey Central Power & Light Co.
2.750% due 03/01/2032		6,000	5,110
6.150% due 06/01/2037		8,562	9,151

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Kentucky Utilities Co.
3.300% due 06/01/2050	4,910	3,840
4.375% due 10/01/2045	7,100	6,423
5.125% due 11/01/2040	14,500	14,526
KeySpan Gas East Corp. 3.586% due 01/18/2052	14,200	10,619
Louisville Gas & Electric Co. 4.250% due 04/01/2049	1,900	1,732
Metropolitan Edison Co.
3.500% due 03/15/2023	1,900	1,888
4.300% due 01/15/2029	3,000	2,956
MidAmerican Energy Co.
3.650% due 08/01/2048	6,000	5,105
3.950% due 08/01/2047	8,262	7,379
4.250% due 07/15/2049	5,300	4,930
4.400% due 10/15/2044	500	476
Midwest Connector Capital Co. LLC 4.625% due 04/01/2029	12,200	11,519
Mississippi Power Co.
3.100% due 07/30/2051	18,550	13,174
4.250% due 03/15/2042	7,400	6,467
Monongahela Power Co. 5.400% due 12/15/2043	9,061	8,975
National Rural Utilities Cooperative Finance Corp. 4.400% due 11/01/2048	7,000	6,538
New York State Electric & Gas Corp. 3.300% due 09/15/2049	8,800	6,768
NextEra Energy Capital Holdings, Inc. 5.650% due 05/01/2079 •	5,100	4,487
NGPL PipeCo LLC
3.250% due 07/15/2031	10,000	8,343
7.768% due 12/15/2037	1,100	1,199
Niagara Mohawk Power Corp. 4.119% due 11/28/2042	3,850	3,251
NiSource, Inc.
3.950% due 03/30/2048	6,830	5,681
4.375% due 05/15/2047	14,845	13,096
5.650% due 02/01/2045	8,640	8,688
5.800% due 02/01/2042	6,723	6,834
Northern States Power Co. 4.500% due 06/01/2052	6,800	6,717
Novatek OAO via Novatek Finance DAC 4.422% due 12/13/2022	22,300	11,986
NSTAR Electric Co.
4.400% due 03/01/2044	1,500	1,400
4.550% due 06/01/2052	5,900	5,757
Odebrecht Drilling Norbe Ltd. (6.350% Cash and 1.000% PIK) 7.350% due 12/01/2026 ^(b)	7,838	4,836
Odebrecht Offshore Drilling Finance Ltd. 6.720% due 12/01/2022 ^	180	174
Odebrecht Offshore Drilling Finance Ltd. (6.720% Cash and 1.000% PIK) 7.720% due 12/01/2026 ^(b)	7,327	1,832
Oglethorpe Power Corp.
3.750% due 08/01/2050	10,600	8,456
4.500% due 04/01/2047	35,100	30,355
5.050% due 10/01/2048	28,500	26,749
5.250% due 09/01/2050	25,000	23,859
Ohio Edison Co.
6.875% due 07/15/2036	3,500	4,109
8.250% due 10/15/2038	1,000	1,303
Ohio Power Co. 2.900% due 10/01/2051	5,600	4,016
Oklahoma Gas & Electric Co. 5.850% due 06/01/2040	4,000	4,264
Oncor Electric Delivery Co. LLC
3.100% due 09/15/2049	6,000	4,654
4.100% due 11/15/2048	421	388
4.600% due 06/01/2052	3,000	2,989
5.250% due 09/30/2040	15,100	16,037
5.300% due 06/01/2042	600	637
7.250% due 01/15/2033	1,900	2,356
7.500% due 09/01/2038	2,590	3,355
ONEOK, Inc.
4.000% due 07/13/2027	2,730	2,632
4.950% due 07/13/2047	4,900	4,188
5.200% due 07/15/2048	67,423	59,921
7.150% due 01/15/2051	7,000	7,442
Pacific Gas & Electric Co.
2.100% due 08/01/2027	3,700	3,105
2.500% due 02/01/2031	22,900	17,538
2.950% due 03/01/2026	300	273
3.150% due 01/01/2026	25,332	23,229
3.250% due 06/01/2031	9,500	7,683
3.300% due 03/15/2027	4,910	4,403
3.300% due 12/01/2027	8,000	6,992
3.300% due 08/01/2040	11,300	7,808

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

3.400% due 08/15/2024		1,000	962
3.450% due 07/01/2025		5,564	5,238
3.500% due 08/01/2050		68,788	46,077
3.750% due 02/15/2024		1,800	1,760
3.750% due 07/01/2028		4,564	4,033
3.750% due 08/15/2042		18,181	12,336
3.950% due 12/01/2047		12,183	8,460
4.000% due 12/01/2046		22,370	15,730
4.200% due 06/01/2041		2,000	1,468
4.250% due 03/15/2046		26,543	19,436
4.300% due 03/15/2045		9,100	6,631
4.500% due 07/01/2040		25,910	20,121
4.500% due 12/15/2041		22,000	16,217
4.550% due 07/01/2030		10,826	9,630
4.600% due 06/15/2043		10,454	7,994
4.650% due 08/01/2028		17,000	15,765
4.750% due 02/15/2044		15,157	11,644
4.950% due 07/01/2050		37,577	30,054
5.250% due 03/01/2052		2,000	1,651
PacifiCorp
2.900% due 06/15/2052		22,703	16,603
3.300% due 03/15/2051		16,000	12,544
4.125% due 01/15/2049		6,400	5,746
PECO Energy Co.
2.800% due 06/15/2050		6,500	4,766
4.150% due 10/01/2044		8,900	8,118
4.600% due 05/15/2052		9,400	9,435
4.800% due 10/15/2043		1,185	1,156
Pennsylvania Electric Co. 6.150% due 10/01/2038		2,409	2,596
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara
4.000% due 06/30/2050		14,100	9,832
4.875% due 07/17/2049		11,200	8,743
Petrobras Global Finance BV 5.375% due 10/01/2029	GBP	13,100	14,122
Piedmont Natural Gas Co., Inc.
3.350% due 06/01/2050	$	9,095	6,797
5.050% due 05/15/2052		5,000	4,903
Plains All American Pipeline LP
4.500% due 12/15/2026		550	541
5.150% due 06/01/2042		300	253
6.700% due 05/15/2036		2,533	2,528
PPL Electric Utilities Corp.
3.000% due 10/01/2049		16,700	12,676
5.200% due 07/15/2041		5,500	5,520
Progress Energy, Inc.
6.000% due 12/01/2039		700	739
7.750% due 03/01/2031		12,091	14,145
Public Service Co. of Colorado
3.200% due 03/01/2050		10,500	8,283
3.950% due 03/15/2043		1,500	1,294
4.100% due 06/15/2048		4,000	3,659
Public Service Co. of New Hampshire 3.600% due 07/01/2049		4,700	3,933
Public Service Co. of Oklahoma
3.150% due 08/15/2051		2,300	1,693
6.625% due 11/15/2037		1,135	1,281
Puget Energy, Inc.
4.100% due 06/15/2030		6,010	5,593
4.224% due 03/15/2032 (i)		9,500	8,769
Puget Sound Energy, Inc.
4.223% due 06/15/2048		3,800	3,374
5.764% due 07/15/2040		8,200	8,624
Rio Oil Finance Trust 9.750% due 01/06/2027		13,585	14,487
San Diego Gas & Electric Co.
2.950% due 08/15/2051		15,400	11,391
3.000% due 03/15/2032		7,500	6,719
3.320% due 04/15/2050		10,305	8,060
3.700% due 03/15/2052		15,130	12,790
3.750% due 06/01/2047		7,550	6,392
3.950% due 11/15/2041		1,968	1,696
4.100% due 06/15/2049		14,172	12,597
4.150% due 05/15/2048		12,140	11,113
4.500% due 08/15/2040		2,600	2,452
Saudi Electricity Global Sukuk Co.
5.060% due 04/08/2043		54,700	52,835
5.500% due 04/08/2044		37,700	37,981
Sempra Energy
3.250% due 06/15/2027		3,300	3,133
3.400% due 02/01/2028		1,000	945
4.000% due 02/01/2048		8,424	7,023
6.000% due 10/15/2039		15,145	16,047
Southern California Edison Co.
2.750% due 02/01/2032		6,800	5,752
2.950% due 02/01/2051		13,000	8,839

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

3.450% due 02/01/2052	14,000	10,446
3.650% due 02/01/2050	12,765	9,782
3.650% due 06/01/2051	31,200	24,271
3.700% due 08/01/2025	5,000	4,923
3.900% due 12/01/2041	42,994	34,996
3.900% due 03/15/2043	6,655	5,352
4.000% due 04/01/2047	105,850	86,066
4.050% due 03/15/2042	3,834	3,167
4.125% due 03/01/2048	26,468	21,828
4.500% due 09/01/2040	445	397
4.650% due 10/01/2043	39,850	36,266
4.875% due 03/01/2049	8,096	7,354
5.450% due 06/01/2052	17,600	17,326
5.750% due 04/01/2035	8,073	8,358
6.000% due 01/15/2034	5,900	6,365
6.050% due 03/15/2039	17,000	17,813
6.650% due 04/01/2029	6,995	7,487
Southern California Gas Co.
3.750% due 09/15/2042	4,900	4,115
3.950% due 02/15/2050	8,127	7,053
4.300% due 01/15/2049	1,942	1,763
5.125% due 11/15/2040	1,300	1,309
Southern Co. Gas Capital Corp.
4.400% due 05/30/2047	11,010	9,629
5.875% due 03/15/2041	7,500	7,912
Southwest Gas Corp. 4.050% due 03/15/2032	11,400	10,358
Southwestern Electric Power Co.
2.750% due 10/01/2026	900	843
3.250% due 11/01/2051	550	408
3.850% due 02/01/2048	20,000	16,272
6.200% due 03/15/2040	14,340	15,406
Southwestern Public Service Co.
3.150% due 05/01/2050	18,050	13,818
5.150% due 06/01/2052	13,000	13,260
6.000% due 10/01/2036	2,000	2,131
Tampa Electric Co. 4.450% due 06/15/2049	18,500	17,170
Targa Resources Partners LP 4.875% due 02/01/2031	6,600	6,029
Telefonica Europe BV 8.250% due 09/15/2030	8,650	10,364
Toledo Edison Co.
2.650% due 05/01/2028	16,667	15,631
6.150% due 05/15/2037	1,900	2,114
Union Electric Co. 3.900% due 04/01/2052	31,000	27,347
Verizon Communications, Inc.
2.987% due 10/30/2056	25,810	17,977
3.000% due 11/20/2060	500	341
3.400% due 03/22/2041	11,100	9,056
3.550% due 03/22/2051	400	321
3.700% due 03/22/2061	1,800	1,418
3.850% due 11/01/2042	14,860	12,699
3.875% due 03/01/2052	33,300	27,982
4.812% due 03/15/2039	1,902	1,870
4.862% due 08/21/2046	11,526	11,370
Virginia Electric & Power Co.
3.800% due 09/15/2047	7,900	6,800
4.000% due 11/15/2046	10,600	9,419
4.600% due 12/01/2048	4,744	4,574
6.000% due 05/15/2037	400	444
Vodafone Group PLC
4.375% due 02/19/2043	3,300	2,874
4.875% due 06/19/2049	30,855	28,330
5.125% due 06/19/2059	22,200	20,475
5.250% due 05/30/2048	21,100	20,124
6.250% due 11/30/2032	2,650	2,901
7.000% due 04/04/2079 •	5,700	5,608
Washington Gas Light Co. 3.650% due 09/15/2049	1,400	1,162
Wisconsin Electric Power Co.
4.300% due 10/15/2048	15,000	13,917
5.700% due 12/01/2036	220	242
Wisconsin Public Service Corp.
2.850% due 12/01/2051	21,000	15,292
3.300% due 09/01/2049	3,100	2,448
Xcel Energy, Inc.
4.600% due 06/01/2032	10,000	9,927

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

6.500% due 07/01/2036	6,900	7,846
		3,532,233
Total Corporate Bonds & Notes (Cost $22,816,192)		19,694,503
MUNICIPAL BONDS & NOTES 3.1%
CALIFORNIA 1.1%
Alameda County, California Joint Powers Authority Revenue Bonds, (BABs), Series 2010 7.046% due 12/01/2044	7,000	9,105
Bay Area Toll Authority, California Revenue Bonds, (BABs), Series 2009 6.263% due 04/01/2049	4,800	6,142
Bay Area Toll Authority, California Revenue Bonds, (BABs), Series 2010
6.793% due 04/01/2030	540	598
6.907% due 10/01/2050	28,895	39,892
7.043% due 04/01/2050	15,775	21,743
Burbank, California Water Revenue Bonds, (BABs), Series 2010 5.797% due 06/01/2040	2,220	2,565
California Infrastructure & Economic Development Bank Revenue Bonds, (BABs), Series 2010 6.486% due 05/15/2049	4,500	5,385
California State General Obligation Bonds, (BABs), (AGM/CR Insured), Series 2010 6.875% due 11/01/2026	2,550	2,901
California State General Obligation Bonds, (BABs), Series 2009
7.300% due 10/01/2039	7,345	9,520
7.500% due 04/01/2034	4,840	6,222
7.550% due 04/01/2039	12,135	16,496
California State General Obligation Bonds, (BABs), Series 2010 7.625% due 03/01/2040	7,575	10,260
California State Public Works Board Revenue Bonds, (BABs), Series 2010 7.804% due 03/01/2035	9,010	11,332
California State University Revenue Bonds, (BABs), Series 2010 6.484% due 11/01/2041	2,000	2,361
Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021
3.000% due 06/01/2046	975	858
3.714% due 06/01/2041	13,800	11,242
Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021 1.850% due 06/01/2031	480	470
Irvine Ranch Water District, California Special Assessment Bonds, (BABs), Series 2010 6.622% due 05/01/2040	10,000	12,181
Los Angeles Community College District, California General Obligation Bonds, Series 2020 2.106% due 08/01/2032	6,500	5,526
Los Angeles County, California Public Works Financing Authority Revenue Bonds, (BABs), Series 2010
7.488% due 08/01/2033	15,400	18,348
7.618% due 08/01/2040	5,200	6,806
Los Angeles Department of Water & Power System, California Revenue Bonds, (BABs), Series 2010 6.603% due 07/01/2050	400	523
Los Angeles Department of Water & Power System, California Revenue Bonds, Series 2010 5.516% due 07/01/2027	1,800	1,944
Los Angeles, California Wastewater System Revenue Bonds, (BABs), Series 2010 5.713% due 06/01/2039	100	114
Napa Valley Unified School District, California General Obligation Bonds, (BABs), Series 2010 6.507% due 08/01/2043	2,000	2,420
Newport Beach, California Certificates of Participation Bonds, (BABs), Series 2010 7.168% due 07/01/2040	900	1,127
Northern California Power Agency Revenue Bonds, (BABs), Series 2010 7.311% due 06/01/2040	500	617
Pasadena Public Financing Authority, California Revenue Bonds, (BABs), Series 2010 7.148% due 03/01/2043	10,400	13,649
Regents of the University of California Medical Center Pooled Revenue Bonds, (BABs), Series 2009 6.583% due 05/15/2049	4,305	5,356
Regents of the University of California Medical Center Pooled Revenue Bonds, (BABs), Series 2010 6.548% due 05/15/2048	25,100	31,239
Riverside County, California Revenue Bonds, Series 2020 3.818% due 02/15/2038	2,500	2,370
San Diego County, California Water Authority Revenue Bonds, (BABs), Series 2010 6.138% due 05/01/2049	1,800	2,223
University of California Revenue Bonds, Series 2012
4.053% due 05/15/2041	4,985	4,654
4.858% due 05/15/2112	14,500	13,828
University of California Revenue Bonds, Series 2015 4.767% due 05/15/2115	795	744
		280,761
FLORIDA 0.1%
State Board of Administration Finance Corp., Florida Revenue Notes, Series 2020
1.705% due 07/01/2027	3,100	2,806
2.154% due 07/01/2030	11,700	10,179
		12,985
GEORGIA 0.2%
Municipal Electric Authority of Georgia Revenue Bonds, (BABs), Series 2010
6.637% due 04/01/2057	2,299	2,705

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

6.655% due 04/01/2057	42,333	50,860
		53,565
ILLINOIS 0.2%
Chicago Transit Authority, Illinois Revenue Bonds, (BABs), Series 2010 6.200% due 12/01/2040	900	1,036
Chicago Transit Authority, Illinois Revenue Bonds, Series 2008 6.899% due 12/01/2040	16,400	19,699
Chicago, Illinois General Obligation Bonds, Series 2015 7.750% due 01/01/2042	5,855	6,434
Chicago, Illinois General Obligation Bonds, Series 2017 7.045% due 01/01/2029	1,455	1,539
Illinois Municipal Electric Agency Revenue Bonds, (BABs), Series 2009 6.832% due 02/01/2035	2,800	3,202
Wheaton College, Illinois Revenue Bonds, Series 2004 6.090% due 10/01/2034	5,000	5,773
		37,683
INDIANA 0.0%
Indiana Finance Authority Revenue Bonds, (BABs), Series 2009 6.596% due 02/01/2039	1,750	2,197
MASSACHUSETTS 0.0%
Massachusetts Port Authority Revenue Bonds, Series 2011 6.202% due 07/01/2031	3,500	3,758
MICHIGAN 0.2%
Michigan State University Revenue Bonds, Series 2022 4.165% due 08/15/2122	16,800	14,222
University of Michigan Revenue Bonds, Series 2020
2.437% due 04/01/2040	15,000	11,714
2.562% due 04/01/2050	7,000	5,160
University of Michigan Revenue Bonds, Series 2022 4.454% due 04/01/2122	7,400	6,764
		37,860
NEVADA 0.0%
Reno, Nevada Revenue Bonds, (NPFGC Insured), Series 2005 0.000% due 06/01/2036 (e)	6,375	3,502
NEW JERSEY 0.1%
New Jersey Turnpike Authority Revenue Bonds, (BABs), Series 2010 7.102% due 01/01/2041	15,005	19,407
NEW MEXICO 0.0%
New Mexico Hospital Equipment Loan Council Revenue Bonds, Series 2017 4.406% due 08/01/2046	6,100	5,862
NEW YORK 0.6%
Metropolitan Transportation Authority, New York Revenue Bonds, (BABs), Series 2010 6.814% due 11/15/2040	18,085	21,927
New York City Transitional Finance Authority Future Tax Secured, New York Revenue Bonds, (BABs), Series 2010
5.467% due 05/01/2040	6,700	7,343
5.508% due 08/01/2037	800	881
5.572% due 11/01/2038	9,000	9,993
New York City, New York Industrial Development Agency Revenue Bonds, (AGM Insured), Series 2006 6.027% due 01/01/2046	490	522
New York State Dormitory Authority Revenue Bonds, (BABs), Series 2009 5.427% due 03/15/2039	1,200	1,298
New York State Dormitory Authority Revenue Bonds, (BABs), Series 2010
5.289% due 03/15/2033	500	534
5.389% due 03/15/2040	200	218
New York State Dormitory Authority Revenue Bonds, Series 2010 5.051% due 09/15/2027	2,735	2,880
New York State Urban Development Corp. Revenue Bonds, (BABs), Series 2009 5.770% due 03/15/2039	9,410	10,203
Port Authority of New York & New Jersey Revenue Bonds, Series 2010 5.647% due 11/01/2040	500	561
Port Authority of New York & New Jersey Revenue Bonds, Series 2011 4.926% due 10/01/2051	200	214
Port Authority of New York & New Jersey Revenue Bonds, Series 2012 4.458% due 10/01/2062	84,130	82,089

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Port Authority of New York & New Jersey Revenue Bonds, Series 2014 5.310% due 08/01/2046	2,800	2,828
		141,491
OHIO 0.3%
American Municipal Power, Inc., Ohio Revenue Bonds, (BABs), Series 2009 6.449% due 02/15/2044	1,000	1,193
American Municipal Power, Inc., Ohio Revenue Bonds, (BABs), Series 2010 8.084% due 02/15/2050	40,725	59,912
American Municipal Power, Inc., Ohio Revenue Bonds, Series 2010
7.334% due 02/15/2028	1,160	1,309
7.734% due 02/15/2033	7,325	9,287
Ohio State University Revenue Bonds, Series 2011 4.800% due 06/01/2111	67	68
		71,769
OREGON 0.0%
Oregon Department of Transportation State Revenue Bonds, (BABs), Series 2010 5.834% due 11/15/2034	9,200	10,510
PENNSYLVANIA 0.1%
Pennsylvania Economic Development Financing Authority Revenue Bonds, (BABs), Series 2010 6.532% due 06/15/2039	11,500	13,523
TEXAS 0.2%
Dallas Convention Center Hotel Development Corp., Texas Revenue Bonds, (BABs), Series 2009 7.088% due 01/01/2042	14,000	16,601
Dallas, Texas General Obligation Bonds, Series 2005
0.000% due 02/15/2033 (e)	19,795	12,780
0.000% due 02/15/2035 (e)	8,205	4,783
Texas Transportation Commission State Highway Fund Revenue Bonds, (BABs), Series 2010 5.178% due 04/01/2030	16,000	17,100
University of Texas System Revenue Bonds, Series 2020 2.439% due 08/15/2049	8,700	6,266
		57,530
VIRGINIA 0.0%
University of Virginia Revenue Bonds, (BABs), Series 2009 6.200% due 09/01/2039	1,245	1,563
WISCONSIN 0.0%
Milwaukee Redevelopment Authority, Wisconsin Revenue Bonds, (NPFGC Insured), Series 2003
0.000% due 04/01/2036 (e)	1,900	977
0.000% due 04/01/2037 (e)	2,150	1,037
0.000% due 04/01/2038 (e)	2,800	1,264
0.000% due 04/01/2039 (e)	2,500	1,054
		4,332
Total Municipal Bonds & Notes (Cost $715,207)		758,298
U.S. GOVERNMENT AGENCIES 3.7%
Freddie Mac
3.730% due 08/15/2032 ~	3	3
4.318% due 10/25/2052 ~	18,845	18,122
Ginnie Mae
4.500% due 09/15/2033	6	6
8.500% due 09/15/2030	3	3
Uniform Mortgage-Backed Security
3.500% due 12/01/2042 - 04/01/2049	7,858	7,685
4.000% due 10/01/2040 - 08/01/2049	713	715
6.000% due 01/01/2023 - 08/01/2036	2	2
7.000% due 11/01/2026	3	3
Uniform Mortgage-Backed Security, TBA
3.000% due 07/01/2052 - 08/01/2052	218,700	203,592
3.500% due 07/01/2052 - 08/01/2052	352,164	338,638
4.000% due 07/01/2052	62,950	62,093
4.500% due 07/01/2052 - 08/01/2052	275,000	275,905
Total U.S. Government Agencies (Cost $910,470)		906,767
U.S. TREASURY OBLIGATIONS 21.0%
U.S. Treasury Bonds
1.125% due 05/15/2040 (o)	35,339	24,620
1.375% due 11/15/2040 (k)(o)	401,150	289,063
1.750% due 08/15/2041 (k)(m)(o)	240,300	182,881
1.875% due 02/15/2041 (k)(m)	2,013,386	1,579,918
2.000% due 11/15/2041 (k)	103,500	82,242
2.250% due 05/15/2041 (k)(m)(o)	86,300	72,047
2.250% due 02/15/2052 (k)	660,927	544,129
2.375% due 02/15/2042 (k)	693,100	587,944

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

2.500% due 02/15/2045 (k)(m)(o)		158,518	134,567
2.500% due 02/15/2046 (k)(m)(o)		213,985	181,611
2.500% due 05/15/2046 (k)		189,000	160,340
2.750% due 08/15/2047 (k)(m)(o)		216,500	193,700
2.750% due 11/15/2047 (m)(o)		100,512	90,092
2.875% due 08/15/2045 (m)(o)		83,507	75,926
2.875% due 05/15/2049 (k)		597,100	557,006
2.875% due 05/15/2052		913	862
3.000% due 08/15/2048 (k)(o)		145,464	137,515
3.125% due 02/15/2043 (m)(o)		196,900	187,247
3.125% due 05/15/2048 (k)(o)		91,885	88,967
3.250% due 05/15/2042 (o)		9,686	9,456
U.S. Treasury Inflation Protected Securities(f)
3.875% due 04/15/2029 (m)		1,055	1,274
U.S. Treasury STRIPS
0.000% due 11/15/2050 (e)(m)		3,500	1,427
Total U.S. Treasury Obligations (Cost $5,925,812)			5,182,834
NON-AGENCY MORTGAGE-BACKED SECURITIES 0.2%
1166 Avenue of the Americas Commercial Mortgage Trust 5.690% due 10/13/2037		20,220	19,931
Countrywide Home Loan Mortgage Pass-Through Trust 2.284% (US0001M + 0.660%) due 02/25/2035 ~		10	10
HomeBanc Mortgage Trust 2.284% due 07/25/2035 •		2,542	2,526
Merrill Lynch Mortgage Investors Trust
1.646% due 03/25/2028 •		7	7
2.742% due 01/25/2029 •		31	30
Natixis Commercial Mortgage Securities Trust 3.821% due 02/15/2039		9,900	9,289
New Residential Mortgage Loan Trust 2.750% due 11/25/2059 ~		12,440	11,937
Structured Adjustable Rate Mortgage Loan Trust 2.716% due 09/25/2034 ~		212	213
Towd Point Mortgage Funding PLC 1.605% (SONIO/N + 1.144%) due 10/20/2051 ~	GBP	6,277	7,617
Total Non-Agency Mortgage-Backed Securities (Cost $56,673)			51,560
ASSET-BACKED SECURITIES 0.5%
AASET U.S. Ltd. 3.844% due 01/16/2038	$	7,040	4,811
AIM Aviation Finance Ltd. 6.213% due 02/15/2040 þ		10,920	8,937
Finance America Mortgage Loan Trust 2.494% (US0001M + 0.870%) due 11/25/2034 ~		6,020	5,899
JP Morgan Mortgage Acquisition Corp. 2.344% due 12/25/2035 •		2,589	2,581
KDAC Aviation Finance Ltd. 4.212% due 12/15/2042		5,492	4,448
Labrador Aviation Finance Ltd. 4.300% due 01/15/2042		16,014	14,358
MAPS Ltd. 4.212% due 05/15/2043		6,568	6,095
METAL LLC 4.581% due 10/15/2042		12,875	10,151
Morgan Stanley ABS Capital, Inc. Trust 2.479% due 03/25/2034 •		4,749	4,626
RBSSP Resecuritization Trust 1.166% due 11/26/2036 •		413	406
Sapphire Aviation Finance Ltd. 4.250% due 03/15/2040		9,026	7,546
SBA Tower Trust 3.869% due 10/15/2049 þ		11,400	11,229
Soundview Home Loan Trust 2.084% (US0001M + 0.460%) due 06/25/2036 ~		7,440	7,186
START Ireland 4.089% due 03/15/2044		4,137	3,795
Structured Asset Securities Corp. Mortgage Loan Trust 2.624% (US0001M + 1.000%) due 08/25/2037 ~		130	128
Towd Point Mortgage Trust 2.624% (US0001M + 1.000%) due 05/25/2058 ~		1,935	1,915
Venture CLO Ltd. 2.193% due 04/20/2032 •		8,000	7,827
Vertical Bridge Holdings LLC
2.636% due 09/15/2050		25,000	23,276
3.706% due 02/15/2057		7,100	6,258
Total Asset-Backed Securities (Cost $146,380)			131,472
SOVEREIGN ISSUES 2.4%
Australia Government International Bond 1.000% due 11/21/2031	AUD	64,750	35,344

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Brazil Government International Bond 5.000% due 01/27/2045	$	46,630	33,419
Chile Government International Bond 4.000% due 01/31/2052		3,200	2,660
Colombia Government International Bond 6.125% due 01/18/2041		200	157
Emirate of Abu Dhabi Government International Bond
2.700% due 09/02/2070		37,100	24,951
3.125% due 04/16/2030		13,700	13,025
3.875% due 04/16/2050		12,600	11,224
Israel Government International Bond
3.800% due 05/13/2060		2,100	1,755
3.875% due 07/03/2050		18,000	15,867
4.125% due 01/17/2048		13,300	12,294
4.500% due 04/03/2120		4,600	4,191
Mexico Government International Bond
3.771% due 05/24/2061		59,442	38,718
4.280% due 08/14/2041		1,500	1,189
Peru Government International Bond
5.350% due 08/12/2040	PEN	29,300	5,738
5.400% due 08/12/2034		28,600	6,036
5.940% due 02/12/2029		134,250	32,059
6.150% due 08/12/2032		111,600	25,795
6.350% due 08/12/2028		194,900	48,017
6.900% due 08/12/2037		21,533	5,097
6.950% due 08/12/2031		85,800	21,294
8.200% due 08/12/2026		224,000	61,204
Qatar Government International Bond
3.875% due 04/23/2023	$	700	703
4.000% due 03/14/2029		14,500	14,647
4.400% due 04/16/2050		6,800	6,507
4.817% due 03/14/2049		4,000	4,036
5.103% due 04/23/2048		28,900	30,338
Romania Government International Bond
1.750% due 07/13/2030	EUR	9,100	6,817
2.875% due 04/13/2042		9,100	5,599
3.750% due 02/07/2034		2,900	2,284
Russia Government International Bond
7.650% due 04/10/2030 ^(c)	RUB	1,638,100	2,681
8.500% due 09/17/2031 ^(c)		2,579,500	4,221
Saudi Government International Bond
3.250% due 10/26/2026	$	8,900	8,707
3.450% due 02/02/2061		13,100	9,838
4.000% due 04/17/2025		500	504
4.500% due 10/26/2046		47,700	43,623
4.625% due 10/04/2047		14,800	13,736
5.000% due 04/17/2049		15,000	14,745
South Africa Government International Bond
4.850% due 09/30/2029		7,300	6,254
5.750% due 09/30/2049		38,900	26,686
Total Sovereign Issues (Cost $828,918)			601,960
		SHARES
CONVERTIBLE PREFERRED SECURITIES 0.1%
BANKING & FINANCE 0.1%
Wells Fargo & Co. 7.500%		20,200	24,553
Total Convertible Preferred Securities (Cost $24,500)			24,553
PREFERRED SECURITIES 5.1%
BANKING & FINANCE 3.8%
AgriBank FCB 6.875% (US0003M + 4.225%) due 01/01/2024 ~(g)		130,000	13,162
American Express Co. 3.550% due 09/15/2026 •(g)		13,600,000	11,099
Bank of America Corp.
5.125% due 06/20/2024 •(g)		19,798,000	18,475
5.875% due 03/15/2028 •(g)		131,854,000	115,937
Bank of New York Mellon Corp. 4.700% due 09/20/2025 •(g)		10,300,000	10,089
Capital One Financial Corp. 3.950% due 09/01/2026 •(g)		16,000,000	12,880
Charles Schwab Corp.
4.000% due 06/01/2026 •(g)		25,500,000	21,647
4.000% due 12/01/2030 •(g)		58,800,000	45,335
4.895% (US0003M + 3.315%) due 09/01/2022 ~(g)(k)		3,000,000	2,846
5.000% due 12/01/2027 •(g)		16,550,000	13,393
5.375% due 06/01/2025 •(g)		17,369,000	17,239

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Citigroup, Inc.
3.875% due 02/18/2026 •(g)	50,500,000	42,041
4.000% due 12/10/2025 •(g)	7,000,000	6,072
4.700% due 01/30/2025 •(g)	300,000	244
5.950% due 05/15/2025 •(g)	7,100,000	6,600
CoBank ACB 4.250% due 01/01/2027 •(g)	12,600,000	10,808
Depository Trust & Clearing Corp. 3.375% due 06/20/2026 •(g)	8,500,000	6,723
Goldman Sachs Group, Inc. 3.650% due 08/10/2026 •(g)	21,900,000	17,056
HSBC Bank Capital Funding Sterling LP 5.844% due 11/05/2031 •(g)	8,956,000	12,518
HSBC Capital Funding LP 10.176% due 06/30/2030 •(g)	2,200,000	2,992
JPMorgan Chase & Co.
3.650% due 06/01/2026 •(g)	49,900,000	40,993
4.000% due 04/01/2025 •(g)	20,700,000	17,103
4.600% due 02/01/2025 •(g)	37,600,000	31,848
4.625% due 06/01/2026 (g)	831,000	16,504
4.709% (US0003M + 3.470%) due 10/30/2022 ~(g)	29,187,000	27,713
5.000% due 08/01/2024 •(g)	35,100,000	30,998
5.597% (US0003M + 3.320%) due 10/01/2022 ~(g)	19,175,000	18,001
6.000% due 08/01/2023 •(g)	8,410,000	7,905
6.100% due 10/01/2024 •(g)	88,700,000	82,883
6.125% due 04/30/2024 •(g)	29,650,000	28,244
6.750% due 02/01/2024 •(g)	26,742,000	26,937
MetLife Capital Trust 7.875% due 12/15/2067	23,640,000	25,540
Nationwide Building Society 10.250% ~	9,750	1,739
PNC Financial Services Group, Inc. 3.400% due 09/15/2026 •(g)	10,000,000	7,618
Reinsurance Group of America, Inc. 6.200% (US0003M + 4.370%) due 09/15/2042 ~	258,700	6,527
State Street Corp.
5.625% due 12/15/2023 •(g)	4,500,000	4,073
5.900% (US0003M + 3.108%) due 03/15/2024 ~(g)	52,750	1,312
Stichting AK Rabobank Certificaten 6.500% due 12/29/2049 þ(g)	14,601,825	14,901
SVB Financial Group 4.100% due 02/15/2031 •(g)	12,900,000	8,936
Truist Financial Corp. 5.100% due 03/01/2030 •(g)	17,734,000	16,138
U.S. Bancorp 5.300% due 04/15/2027 •(g)	20,300,000	17,301
Wells Fargo & Co.
3.900% due 03/15/2026 •(g)	54,074,000	46,605
5.900% due 06/15/2024 •(g)	80,479,000	72,970
		939,945
INDUSTRIALS 0.2%
General Electric Co. 5.159% (US0003M + 3.330%) due 09/15/2022 ~(g)	44,282,000	38,966
UTILITIES 1.1%
AT&T Mobility LLC 7.000% due 10/20/2022 «(g)(i)	9,048,456	229,726
CenterPoint Energy, Inc. 6.125% due 09/01/2023 •(g)	13,900,000	11,888
Dominion Energy, Inc. 4.350% due 01/15/2027 •(g)	5,000,000	4,137
Sempra Energy 4.875% due 10/15/2025 •(g)	28,200,000	26,014
		271,765
Total Preferred Securities (Cost $1,399,729)		1,250,676
SHORT-TERM INSTRUMENTS 0.1%
REPURCHASE AGREEMENTS (j) 0.1%		25,857
U.S. TREASURY BILLS 0.0%
0.818% due 07/26/2022 (d)(e)(o)	544	544

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Total Short-Term Instruments (Cost $26,401)			26,401
Total Investments in Securities (Cost $33,113,842)			28,879,757
	SHARES
INVESTMENTS IN AFFILIATES 0.0%
SHORT-TERM INSTRUMENTS 0.0%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.0%
PIMCO Short-Term Floating NAV Portfolio III	217,207		2,108
Total Short-Term Instruments (Cost $2,108)			2,108
Total Investments in Affiliates (Cost $2,108)			2,108
Total Investments 117.0% (Cost $33,115,950)		$	28,881,865
Financial Derivative Instruments(l)(n)(0.6)%(Cost or Premiums, net $185,719)			(143,747)
Other Assets and Liabilities, net (16.4)%			(4,051,273)
Net Assets 100.0%		$	24,686,845

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 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).
~	Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.
•	Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.
þ	Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.
(a)	When-issued security.
(b)	Payment in-kind security.
(c)	Security is not accruing income as of the date of this report.
(d)	Coupon represents a weighted average yield to maturity.
(e)	Zero coupon security.
(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									Coupon		Maturity Date			Acquisition Date					Cost									Market Value							Market Value as Percentage of Net Assets
AT&T Mobility LLC								7.000		%	10/20/2022			09/24/2020			$		244,742						$			229,726							0.93			%
Citigroup, Inc.								2.561			05/01/2032			04/27/2021					12,500									10,305							0.04
Citigroup, Inc.								2.572			06/03/2031			05/26/2020					4,000									3,366							0.01
Citigroup, Inc.								3.785			03/17/2033			03/10/2022					18,500									16,685							0.07
Deutsche Bank AG								3.035			05/28/2032			05/25/2021-06/16/2021					23,756									18,785							0.08
Deutsche Bank AG								3.729			01/14/2032			02/02/2022-02/15/2022					27,580									21,677							0.09
Morgan Stanley								0.000			04/02/2032			02/11/2020-08/23/2021					53,402									38,782							0.16
Oracle Corp.								3.650			03/25/2041			03/22/2021					18,381									13,815							0.06
Oracle Corp.								3.950			03/25/2051			03/22/2021					7,487									5,520							0.02
Oracle Corp.								4.100			03/25/2061			03/22/2021-10/28/2021					53,177									35,797							0.15
Pinnacol Assurance								8.625			06/25/2034			06/23/2014					24,000									26,756							0.11
Puget Energy, Inc.								4.224			03/15/2032			03/14/2022					9,500									8,769							0.04
																$		497,025						$			429,983							1.76%
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		0.400%	06/30/2022	07/01/2022		$	25,857					U.S. Treasury Notes 3.000% due 06/30/2024									$		(26,374)			$				25,857			$				25,857
Total Repurchase Agreements																					$		(26,374)			$				25,857			$				25,857
REVERSE REPURCHASE AGREEMENTS:
Counterparty					Borrowing Rate(2)								Settlement Date		Maturity Date								Amount Borrowed(2)									Payable for Reverse Repurchase Agreements
BOS					1.370%								06/22/2022		07/06/2022					$			(24,047)								$	(24,055)
					1.440								06/27/2022		07/05/2022								(19,108)									(19,111)
					1.580								06/28/2022		07/05/2022								(9,747)									(9,749)
BPS					(1.750)								03/07/2022		03/03/2024								(4,567)									(4,530)
BRC					1.450								06/17/2022		06/16/2024								(8,170)									(8,175)
BSN					1.170								06/07/2022		07/07/2022								(611,902)									(612,379)
					1.180								06/17/2022		07/07/2022								(2,086)									(2,087)
DEU					1.150								06/24/2022		07/15/2022								(21,180)									(21,185)
					1.200								06/08/2022		07/13/2022								(22,155)									(22,172)

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

		1.200			06/29/2022			07/13/2022						(21,756)								(21,757)
		1.520			06/17/2022			07/08/2022						(9,422)								(9,428)
FBF		0.950			06/17/2022			06/15/2024						(6,390)								(6,392)
JML		1.400			06/17/2022			07/29/2022						(26,186)								(26,200)
		1.430			06/17/2022			07/29/2022						(4,567)								(4,569)
JPS		1.090			06/01/2022			07/15/2022						(175,000)								(175,159)
		1.090			06/23/2022			07/15/2022						(34,239)								(34,247)
		1.090			06/24/2022			07/15/2022						(30,012)								(30,019)
		1.120			06/09/2022			07/15/2022						(105,193)								(105,265)
		1.120			06/10/2022			07/15/2022						(131,171)								(131,257)
		1.390			06/16/2022			07/15/2022						(24,766)								(24,780)
		1.390			06/17/2022			07/15/2022						(146,222)								(146,301)
		1.480			06/24/2022			07/05/2022						(81,720)								(81,743)
MEI		1.500			06/17/2022			06/15/2024						(3,784)								(3,786)
NOM		(0.500)			06/17/2022			06/16/2024						(501)								(501)
		(0.500)			06/21/2022			06/17/2024						(4,449)								(4,449)
NXN		1.180			06/02/2022			07/19/2022						(1,594,516)								(1,596,031)
RDR		0.750			06/17/2022			06/16/2024						(11,798)								(11,802)
STR		1.540			07/01/2022			07/05/2022						(173,919)								(173,919)
		1.550			06/30/2022			07/01/2022						(210,884)								(210,893)
Total Reverse Repurchase Agreements																			$			(3,521,941)
SALE-BUYBACK TRANSACTIONS:
Counterparty		Borrowing Rate(2)			Borrowing Date			Maturity Date						Amount Borrowed(2)								Payable for Sale-Buyback Transactions(3)
BCY		1.420%			06/27/2022			07/05/2022					$	(989)					$			(989)
		1.540			06/28/2022			07/12/2022						(1,544)								(1,545)
BPG		1.580			06/28/2022			07/05/2022						(1,467)								(1,467)
CSN		1.590			06/30/2022			07/05/2022						(71,641)								(71,645)
MSC		1.220			06/28/2022			07/13/2022						(618)								(618)
		1.220			06/29/2022			07/13/2022						(388)								(388)
		1.460			06/28/2022			07/05/2022						(86,344)								(86,355)
		1.530			06/29/2022			07/14/2022						(932)								(932)
		1.550			06/29/2022			07/07/2022						(621)								(621)
UBS		1.140			06/01/2022			07/15/2022						(1,131)								(1,132)
		1.140			06/17/2022			07/15/2022						(2,781)								(2,782)
		1.140			06/28/2022			07/15/2022						(34,763)								(34,766)
		1.140			06/29/2022			07/15/2022						(1,577)								(1,577)
		1.150			05/26/2022			07/26/2022						(53,454)								(53,515)
		1.150			05/31/2022			07/26/2022						(14,131)								(14,145)
		1.150			06/01/2022			07/26/2022						(808)								(809)
		1.150			06/02/2022			07/26/2022						(3,218)								(3,221)
		1.230			06/28/2022			07/11/2022						(11,588)								(11,589)
		1.630			06/28/2022			08/02/2022						(54,076)								(54,083)
Total Sale-Buyback Transactions																			$			(342,179)
(k)	Securities with an aggregate market value of $3,709,541 and cash of $385 have been pledged as collateral under the terms of master agreements as of June 30, 2022.
(1)	Includes accrued interest.
(2)	The average amount of borrowings outstanding during the period ended June 30, 2022 was $(3,672,605) at a weighted average interest rate of 0.729%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.
(3)	Payable for sale-buyback transactions includes $(186) of deferred price drop.
(l)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
FUTURES CONTRACTS:
LONG FUTURES CONTRACTS
																Variation Margin
Description			Expiration Month	# of Contracts			Notional Amount					Unrealized Appreciation/ (Depreciation)						Asset						Liability
3-Month SOFR Active Contract December Futures			03/2024	7,960		$	1,933,584			$		5,682				$		4,079			$			0
90-Day Eurodollar December Futures			12/2023	4,000			969,050					(17,206)						2,050						0
									$		(11,524)				$		6,129			$			0
SHORT FUTURES CONTRACTS
																Variation Margin
Description			Expiration Month	# of Contracts			Notional Amount					Unrealized Appreciation/ (Depreciation)						Asset						Liability
Euro-Bund 10-Year Bond September Futures			09/2022	1,272		$	(198,323)			$		4,346				$		0			$			(4,799)
U.S. Treasury 10-Year Ultra September Futures			09/2022	316			(40,251)					283						0						(419)
United Kingdom Long Gilt September Futures			09/2022	9			(1,249)					45						0						(20)
									$		4,674				$		0			$			(5,238)

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Total Futures Contracts											$		(6,850)			$	6,129				$		(5,238)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION(1)
																		Variation Margin
Reference Entity	Fixed Receive Rate	Payment Frequency	Maturity Date	Implied Credit Spread at June 30, 2022(2)			Notional Amount(3)		Premiums Paid/ (Received)			Unrealized Appreciation/ (Depreciation)			Market Value(4)					Asset				Liability
AES Corp.	5.000%	Quarterly	12/20/2025	1.674	%	$	11,600	$	2,127	$		(866)		$	1,261				$	0		$		(12)
AES Corp.	5.000	Quarterly	06/20/2027	2.277			15,000		2,072			(259)			1,813					0				(9)
Bank of America Corp.	1.000	Quarterly	12/20/2022	0.502			49,000		361			(231)			130					0				0
Barclays Bank PLC	1.000	Quarterly	12/20/2022	0.622		EUR	22,400		149			(99)			50					0				(9)
Berkshire Hathaway, Inc.	1.000	Quarterly	12/20/2022	0.096		$	3,900		47			(29)			18					0				0
Berkshire Hathaway, Inc.	1.000	Quarterly	06/20/2023	0.141			7,600		123			(58)			65					0				(1)
Berkshire Hathaway, Inc.	1.000	Quarterly	12/20/2023	0.172			2,000		40			(15)			25					0				0
Berkshire Hathaway, Inc.	1.000	Quarterly	06/20/2024	0.188			17,050		408			(136)			272					0				(2)
Boeing Co.	1.000	Quarterly	06/20/2023	1.520			32,700		171			(325)			(154)					0				(9)
Boeing Co.	1.000	Quarterly	06/20/2026	2.327			2,200		(16)			(87)			(103)					0				(2)
Boeing Co.	1.000	Quarterly	12/20/2026	2.445			1,000		(6)			(51)			(57)					0				(1)
Boeing Co.	1.000	Quarterly	06/20/2027	2.538			2,200		(49)			(96)			(145)					0				(3)
British Telecommunications PLC	1.000	Quarterly	12/20/2025	1.038		EUR	5,600		86			(92)			(6)					0				(21)
Ford Motor Co.	5.000	Quarterly	06/20/2023	2.766		$	6,410		442			(297)			145					0				(5)
Ford Motor Co.	5.000	Quarterly	12/20/2023	3.074			5,300		453			(302)			151					0				(13)
General Electric Co.	1.000	Quarterly	12/20/2023	0.844			13,200		192			(158)			34					0				(5)
General Electric Co.	1.000	Quarterly	06/20/2024	0.920			10,700		169			(150)			19					0				(1)
General Electric Co.	1.000	Quarterly	12/20/2024	1.096			59,200		935			(1,054)			(119)					0				(68)
General Electric Co.	1.000	Quarterly	06/20/2026	1.530			5,200		62			(161)			(99)					0				(4)
General Electric Co.	1.000	Quarterly	12/20/2026	1.700			5,100		68			(211)			(143)					0				(6)
International Lease Finance Corp.	5.000	Quarterly	12/20/2023	0.277			6,800		744			(268)			476					0				(1)
Lennar Corp.	5.000	Quarterly	12/20/2025	2.001			4,900		890			(413)			477					0				(10)
MetLife, Inc.	1.000	Quarterly	12/20/2022	0.258			15,500		176			(117)			59					0				(3)
NextEra Energy Capital Holdings, Inc.	1.000	Quarterly	06/20/2026	0.736			15,900		469			(308)			161					0				(1)
Prudential Financial, Inc.	1.000	Quarterly	12/20/2024	0.537			17,700		390			(189)			201					0				0
Rolls-Royce PLC	1.000	Quarterly	06/20/2025	3.730		EUR	31,750		(1,210)			(1,309)			(2,519)					0				(258)
Sherwin-Williams Co.	1.000	Quarterly	12/20/2022	0.436		$	14,800		165			(121)			44					0				(4)
Teck Resources Ltd.	5.000	Quarterly	06/20/2026	1.868			10,800		1,877			(637)			1,240					0				(72)
Telefonica Emisiones SA	1.000	Quarterly	06/20/2026	0.829		EUR	1,000		23			(16)			7					0				0
Telefonica Emisiones SAU	1.000	Quarterly	06/20/2028	1.293			4,100		41			(110)			(69)					0				(10)
Tesco PLC	1.000	Quarterly	06/20/2028	1.643			20,500		219			(966)			(747)					0				(125)
Verizon Communications, Inc.	1.000	Quarterly	12/20/2026	1.198		$	10,000		240			(318)			(78)					0				(12)
Verizon Communications, Inc.	1.000	Quarterly	06/20/2027	1.272			4,400		(10)			(42)			(52)					0				(4)
Vodafone Group PLC	1.000	Quarterly	06/20/2024	0.383		EUR	9,600		227			(101)			126					0				(5)
Volkswagen International Finance NV	1.000	Quarterly	06/20/2028	2.074			6,900		91			(505)			(414)					0				(91)

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Williams Cos., Inc.			1.000		Quarterly			12/20/2026			1.140				$			10,900				78						(138)						(60)							0						(23)
																				$			12,244			$			(10,235)			$			2,009				$			0			$			(790)
CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION(1)
																																					Variation Margin
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-28 5-Year Index				1.000%			Quarterly			12/20/2022			$			10,998			$			24			$			(859)			$			(835)				$			20			$			0
CDX.EM-29 5-Year Index				1.000			Quarterly			06/20/2023						49,914						93						(4,225)						(4,132)							4						0
CDX.EM-30 5-Year Index				1.000			Quarterly			12/20/2023						185,650						(98)						(16,592)						(16,690)							0						(41)
CDX.EM-31 5-Year Index				1.000			Quarterly			06/20/2024						38,164						(7)						(3,196)						(3,203)							11						0
CDX.EM-32 5-Year Index				1.000			Quarterly			12/20/2024						5,766						(16)						(504)						(520)							0						(1)
CDX.EM-34 5-Year Index				1.000			Quarterly			12/20/2025						40,100						(1,490)						(3,877)						(5,367)							0						(12)
CDX.EM-35 5-Year Index				1.000			Quarterly			06/20/2026						300						(8)						(27)						(35)							0						0
CDX.EM-36 5-Year Index				1.000			Quarterly			12/20/2026						52,900						(1,888)						(4,984)						(6,872)							0						(53)
CDX.IG-37 5-Year Index				1.000			Quarterly			12/20/2026						184,500						1,182						(725)						457							0						(31)
CDX.IG-38 5-Year Index				1.000			Quarterly			06/20/2027						11,460,400						138,703						(138,835)						(132)							0						(2,229)
iTraxx Asia Ex-Japan 37 5-Year Index				1.000			Quarterly			06/20/2027						124,700						(606)						(1,662)						(2,268)							0						(318)
iTraxx Europe Main 34 5-Year Index				1.000			Quarterly			12/20/2025			EUR			449,300						11,095						(10,222)						873							0						(885)
iTraxx Europe Main 36 5-Year Index				1.000			Quarterly			12/20/2026						49,000						108						(337)						(229)							0						(119)
iTraxx Europe Main 37 5-Year Index				1.000			Quarterly			06/20/2027						1,397,600						12,129						(24,627)						(12,498)							0						(3,756)
																			$			159,221			$			(210,672)			$			(51,451)				$			35			$			(7,445)
INTEREST RATE SWAPS
																																					Variation Margin
Pay/ Receive Floating Rate		Floating Rate Index				Fixed Rate			Payment Frequency			Maturity Date					Notional Amount							Premiums Paid/ (Received)						Unrealized Appreciation/ (Depreciation)						Market Value							Asset						Liability
Pay(5)		1-Day GBP-SONIO Compounded-OIS				0.500%			Annual			09/21/2027		GBP			12,000				$			(972)			$			(423)			$			(1,395)				$			139			$			0
Receive(5)		1-Day GBP-SONIO Compounded-OIS				0.750			Annual			09/21/2032					212,500							20,611						16,790						37,401							0						(3,866)
Pay		1-Day GBP-SONIO Compounded-OIS				1.175			Annual			02/28/2052					11,400							(149)						(2,939)						(3,088)							366						0
Receive		1-Day JPY-MUTKCALM Compounded-OIS				0.000			Annual			12/15/2023		JPY			3,100,000							(39)						54						15							0						(2)
Receive		1-Day JPY-MUTKCALM Compounded-OIS				0.000			Annual			09/15/2024					23,360,600							(157)						515						358							0						(43)
Receive		1-Day JPY-MUTKCALM Compounded-OIS				0.300			Semi-Annual			03/20/2028					290,200							(55)						57						2							0						(3)
Receive		1-Day USD-SOFR Compounded-OIS				1.000			Annual			12/15/2026		$			275,000							1,177						18,505						19,682							0						(1,410)
Receive		1-Day USD-SOFR Compounded-OIS				1.000			Annual			06/15/2027					1,148,200							36,237						58,827						95,064							0						(6,408)
Pay(5)		3-Month USD-LIBOR				1.270			Semi-Annual			11/04/2023					848,700							(15,610)						(3,755)						(19,365)							1,116						0
Pay		3-Month USD-LIBOR				1.838			Quarterly			01/12/2052					1,100							(10)						(225)						(235)							8						0
Pay		3-Month USD-LIBOR				1.838			Quarterly			01/12/2052					1,100							26						209						235							0						(8)
Pay		UKRPI				3.585			Maturity			10/15/2046		GBP			5,350							786						(836)						(50)							143						0
																			$			41,845			$			86,779			$			128,624				$			1,772			$			(11,740)
Total Swap Agreements																			$			213,310			$			(134,128)			$			79,182				$			1,807			$			(19,975)
(m)	Securities with an aggregate market value of $625,570 and cash of $84,567 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2022.
(1)	If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(2)	Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or 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 Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(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)	This instrument has a forward starting effective date.

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

(n)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
FORWARD FOREIGN CURRENCY CONTRACTS:
													Unrealized Appreciation/(Depreciation)
Counterparty			Settlement Month			Currency to be Delivered				Currency to be Received						Asset							Liability
BOA			07/2022		GBP	2,920			EUR	3,400				$		9				$			0
			07/2022			91,745			$	116,001						4,320							0
			07/2022		PEN	146,531				37,496						235							(957)
			07/2022		$	8,462			PEN	34,198						450							0
			08/2022			4,350			MXN	88,311						13							0
			08/2022			21,562			PEN	82,500						0							(79)
			10/2022		PEN	150,523			$	35,728						0							(3,190)
			11/2022			178,082				43,226						0							(2,668)
			05/2023			82,500				21,029						13							0
BPS			07/2022		MXN	97,277				4,650						0							(187)
			07/2022		$	79,514			EUR	75,264						0							(641)
			07/2022			9,123			GBP	7,378						12							(154)
			08/2022		CAD	6,388			$	4,949						4							(19)
			08/2022		EUR	59,599				62,800						229							0
BRC			07/2022		GBP	1,895			EUR	2,200						0							(2)
			07/2022		$	1,665			GBP	1,361						0							(8)
CBK			07/2022		PEN	87,526			$	23,514						652							0
			07/2022		$	1,946			EUR	1,822						0							(36)
			07/2022			49,597			PEN	189,114						100							(348)
			08/2022		PEN	217,834			$	56,409						221							(521)
			08/2022		$	6,049			PEN	22,775						0							(121)
			12/2022		PEN	290,062			$	70,965						139							(3,806)
			04/2023			80,899				20,485						0							(135)
DUB			07/2022		$	4,369			PEN	16,023						0							(193)
GLM			07/2022		MXN	62			$	3						0							0
			07/2022		$	831			MXN	17,010						13							0
			07/2022			8,176			PEN	30,906						13							(128)
			08/2022			4,200			EUR	4,000						0							0
			08/2022			6,308			PEN	23,647						0							(154)
HUS			07/2022		EUR	78,431			$	84,580						2,388							0
			07/2022		GBP	3,468				4,264						43							0
			07/2022		MXN	259				13						0							0
			07/2022		$	32,851			AUD	47,700						74							0
			07/2022			1,041			MXN	20,610						3							(20)
			08/2022		AUD	47,700			$	32,855						0							(76)
			08/2022		$	17,433			CAD	22,343						1							(76)
JPM			07/2022			1,448			EUR	1,345						0							(38)
MYI			08/2022		CAD	1,660			$	1,283						0							(7)
			08/2022		$	1,279			CAD	1,635						0							(9)
RBC			07/2022			4,265			MXN	88,311						127							0
			08/2022		CAD	17,576			$	13,585						2							(71)
			08/2022		MXN	88,311				4,232						0							(132)
			08/2022		$	1,262			CAD	1,646						16							0
			09/2022		MXN	36,871			$	1,792						0							(20)
RYL			07/2022		$	1,707			PEN	6,560						3							0
SSB			07/2022		MXN	100			$	5						0							0
			07/2022		$	5			MXN	100						0							0
			07/2022			1,083			PEN	4,042						0							(30)
TOR			07/2022			170			MXN	3,500						3							0
			08/2022		GBP	86,474			$	104,948						0							(367)
UAG			07/2022		AUD	47,700				34,072						1,147							0
			07/2022		MXN	32,861				1,590						0							(41)
			07/2022		$	50			MXN	1,028						1							0
			09/2022			1,776				36,871						41							(5)
Total Forward Foreign Currency Contracts													$		10,272				$			(14,239)
PURCHASED OPTIONS:
INTEREST RATE SWAPTIONS
Counterparty		Description		Floating Rate Index			Pay/Receive Floating Rate	Exercise Rate			Expiration Date	Notional Amount(1)						Cost						Market Value
BOA		Put - OTC 30-Year Interest Rate Swap		6-Month EUR-EURIBOR			Receive	0.495%			09/18/2023	50,000					$	0			$			18,221
BPS		Put - OTC 30-Year Interest Rate Swap		6-Month EUR-EURIBOR			Receive	0.000			03/15/2023	56,970						6,489						26,954
JPM		Put - OTC 30-Year Interest Rate Swap		6-Month EUR-EURIBOR			Receive	0.000			03/15/2023	37,560						4,148						17,770
Total Purchased Options																	$	10,637			$			62,945

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 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
BOA		Put - OTC CDX.IG-38 5-Year Index					Sell				1.200%			07/20/2022				52,000		$		(79)					$	(39)
		Put - OTC iTraxx Europe 37 5-Year Index					Sell				1.400			08/17/2022				78,900				(224)						(259)
BPS		Put - OTC CDX.IG-37 5-Year Index					Sell				1.200			07/20/2022				57,100				(103)						(23)
BRC		Put - OTC iTraxx Europe 36 5-Year Index					Sell				1.200			07/20/2022				94,800				(430)						(206)
		Put - OTC iTraxx Europe 37 5-Year Index					Sell				1.600			08/17/2022				23,500				(57)						(42)
CBK		Put - OTC CDX.IG-38 5-Year Index					Sell				1.200			07/20/2022				37,500				(56)						(28)
DUB		Put - OTC CDX.IG-38 5-Year Index					Sell				1.400			08/17/2022				46,000				(88)						(52)
GST		Call - OTC CDX.IG-38 5-Year Index					Buy				0.700			08/17/2022				25,100				(28)						(3)
		Put - OTC CDX.IG-38 5-Year Index					Sell				1.300			08/17/2022				72,700				(164)						(116)
JPM		Put - OTC iTraxx Europe 36 5-Year Index					Sell				1.100			07/20/2022				116,300				(441)						(445)
		Put - OTC iTraxx Europe 37 5-Year Index					Sell				1.200			07/20/2022				31,600				(96)						(118)
MYC		Put - OTC CDX.IG-38 5-Year Index					Sell				1.250			07/20/2022				30,000				(49)						(16)
		Put - OTC CDX.IG-38 5-Year Index					Sell				1.350			08/17/2022				48,900				(112)						(66)
																				$		(1,927)					$	(1,413)
INTEREST RATE SWAPTIONS
Counterparty		Description	Floating Rate Index					Pay/Receive Floating Rate			Exercise Rate			Expiration Date				Notional Amount(1)				Premiums (Received)						Market Value
BOA		Put - OTC 5-Year Interest Rate Swap	6-Month EUR-EURIBOR					Pay			0.050%			09/18/2023				285,000		$		0					$	(31,159)
BPS		Put - OTC 10-Year Interest Rate Swap	6-Month EUR-EURIBOR					Pay			0.175			03/15/2023				170,230				(6,317)						(40,988)
CBK		Call - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR					Receive			2.600			07/07/2022				45,500				(173)						(24)
		Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR					Pay			3.000			07/07/2022				45,500				(173)						(35)
GLM		Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR					Receive			0.870			11/02/2022				3,180,500				(6,448)						(33)
		Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR					Pay			1.270			11/02/2022				3,180,500				(6,448)						(72,899)
JPM		Put - OTC 10-Year Interest Rate Swap	6-Month EUR-EURIBOR					Pay			0.175			03/15/2023				112,670				(4,076)						(27,129)
MYC		Call - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR					Receive			2.570			07/05/2022				47,100				(166)						(2)
		Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR					Pay			2.970			07/05/2022				47,100				(166)						(14)
NGF		Call - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR					Receive			2.620			07/08/2022				61,600				(250)						(68)
		Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR					Pay			3.020			07/08/2022				61,600				(249)						(62)
																				$		(24,466)					$	(172,413)
OPTIONS ON SECURITIES
Counterparty		Description								Strike Price			Expiration Date					Notional Amount(1)				Premiums (Received)						Market Value
SAL		Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 07/01/2052				$				99.156			07/07/2022					49,600		$		(356)					$	(314)
Total Written Options																				$		(26,749)					$	(174,140)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION(2)
																									Swap Agreements, at Value(5)
Counterparty	Reference Entity			Fixed Receive Rate	Payment Frequency				Maturity Date			Implied Credit Spread at June 30, 2022(3)				Notional Amount(4)			Premiums Paid/(Received)				Unrealized Appreciation/ (Depreciation)			Asset				Liability
BOA	Colombia Government International Bond			1.000%	Quarterly				12/20/2026			2.726%			$	1,400	$		(37)		$		(59)	$		0			$	(96)
	Italy Government International Bond			1.000	Quarterly				06/20/2025			0.894				44,400			(859)				1,005			146				0
	Italy Government International Bond			1.000	Quarterly				12/20/2026			1.219				43,300			80				(458)			0				(378)
BPS	Colombia Government International Bond			1.000	Quarterly				12/20/2023			1.544				1,950			(23)				8			0				(15)
	Colombia Government International Bond			1.000	Quarterly				12/20/2026			2.726				1,100			(30)				(45)			0				(75)
	Colombia Government International Bond			1.000	Quarterly				06/20/2027			2.912				800			(38)				(28)			0				(66)
	Mexico Government International Bond			1.000	Quarterly				12/20/2023			0.965				25,050			(478)				498			20				0
	Petroleos Mexicanos			1.000	Quarterly				06/20/2023			4.556				7,100			(432)				195			0				(237)

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

	Tencent Holdings Ltd.	1.000	Quarterly		12/20/2024		0.797				8,800				98				(53)					45				0
BRC	Alibaba Group Holding Ltd.	1.000	Quarterly		12/20/2024		0.858				3,000				46				(35)					11				0
	Baidu, Inc.	1.000	Quarterly		12/20/2024		0.816				18,900				(79)				167					88				0
	Colombia Government International Bond	1.000	Quarterly		06/20/2026		2.490				9,300				(243)				(254)					0				(497)
	Huarong Finance Co. Ltd.	1.000	Quarterly		12/20/2024		2.569				8,800				(319)				4					0				(315)
	Mexico Government International Bond	1.000	Quarterly		09/20/2022		0.499				9,900				(463)				477					14				0
	NextEra Energy Capital Holdings, Inc.	1.000	Quarterly		12/20/2025		0.661				8,400				182				(86)					96				0
	Pertamina Persero PT	1.000	Quarterly		12/20/2024		0.882				700				(7)				9					2				0
	Petroleos Mexicanos	1.000	Quarterly		06/20/2023		4.556				7,700				(410)				153					0				(257)
	Tencent Holdings Ltd.	1.000	Quarterly		12/20/2024		0.797				1,400				13				(6)					7				0
CBK	Colombia Government International Bond	1.000	Quarterly		06/20/2024		1.692				400				(4)				(1)					0				(5)
	Colombia Government International Bond	1.000	Quarterly		12/20/2024		1.952				1,100				4				(28)					0				(24)
	Colombia Government International Bond	1.000	Quarterly		12/20/2026		2.726				1,100				(29)				(46)					0				(75)
	Colombia Government International Bond	1.000	Quarterly		06/20/2027		2.912				300				(11)				(14)					0				(25)
	Italy Government International Bond	1.000	Quarterly		06/20/2025		0.894				3,800				(92)				104					12				0
	Italy Government International Bond	1.000	Quarterly		12/20/2026		1.219				13,100				9				(123)					0				(114)
	Mexico Government International Bond	1.000	Quarterly		12/20/2022		0.591				800				(5)				7					2				0
	Mexico Government International Bond	1.000	Quarterly		06/20/2024		1.045				14,800				(239)				230					0				(9)
	Petroleos Mexicanos	1.000	Quarterly		06/20/2023		4.556				1,800				(110)				50					0				(60)
GST	Colombia Government International Bond	1.000	Quarterly		06/20/2026		2.490				9,400				(245)				(257)					0				(502)
	Colombia Government International Bond	1.000	Quarterly		06/20/2027		2.912				18,400				(837)				(690)					0				(1,527)
	Mexico Government International Bond	1.000	Quarterly		06/20/2023		0.801				7,950				(63)				80					17				0
	Mexico Government International Bond	1.000	Quarterly		12/20/2023		0.965				50,350				(824)				864					40				0
	Mexico Government International Bond	1.000	Quarterly		12/20/2024		1.183				16,900				(141)				72					0				(69)
	Mexico Government International Bond	1.000	Quarterly		06/20/2027		1.751				6,200				(26)				(181)					0				(207)
	Petroleos Mexicanos	1.000	Quarterly		06/20/2023		4.556				9,000				(732)				432					0				(300)
	South Africa Government International Bond	1.000	Quarterly		12/20/2024		2.395				12,400				(498)				98					0				(400)
HUS	Mexico Government International Bond	1.000	Quarterly		12/20/2023		0.965				54,550				(863)				906					43				0
	Petroleos Mexicanos	1.000	Quarterly		06/20/2023		4.556				7,500				(486)				236					0				(250)
JPM	Colombia Government International Bond	1.000	Quarterly		06/20/2027		2.912				200				(8)				(9)					0				(17)
	Mexico Government International Bond	1.000	Quarterly		12/20/2023		0.965				36,950				(732)				761					29				0
	Mexico Government International Bond	1.000	Quarterly		06/20/2026		1.503				9,300				(73)				(97)					0				(170)
	NextEra Energy Capital Holdings, Inc.	1.000	Quarterly		06/20/2024		0.389				19,000				260				(31)					229				0
	NextEra Energy Capital Holdings, Inc.	1.000	Quarterly		12/20/2024		0.492				9,400				130				(13)					117				0
	Nissan Motor Acceptance Co. LLC	1.000	Quarterly		12/20/2026		2.113				73,600				(936)				(2,332)					0				(3,268)
MYC	Brookfield Asset Management, Inc.	1.000	Quarterly		06/20/2025		1.103				8,300				0				(22)					0				(22)
	Colombia Government International Bond	1.000	Quarterly		06/20/2027		2.912				7,600				(430)				(201)					0				(631)
	Consolidated Edison Co. of New York, Inc.	1.000	Quarterly		12/20/2024		0.219				18,300				357				(8)					349				0
	Mexico Government International Bond	1.000	Quarterly		12/20/2024		1.183				14,000				(123)				66					0				(57)
	Mexico Government International Bond	1.000	Quarterly		12/20/2025		1.406				1,500				(21)				2					0				(19)
	Mexico Government International Bond	1.000	Quarterly		12/20/2026		1.642				23,100				65				(664)					0				(599)
	Mexico Government International Bond	1.000	Quarterly		06/20/2027		1.751				65,400				(221)				(1,962)					0				(2,183)
													$		(9,923)		$		(1,279)		$			1,267		$		(12,469)
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	$	1,800		$		(53)		$		47		$			0		$		(6)
	CMBX.NA.AAA.9 Index			0.500		Monthly		09/17/2058		12,055				(449)				438					0				(11)
MEI	CMBX.NA.AAA.6 Index			0.500		Monthly		05/11/2063		101				(1)				1					0				0
MYC	CMBX.NA.AAA.10 Index			0.500		Monthly		11/17/2059		7,700				(228)				200					0				(28)
	CMBX.NA.AAA.9 Index			0.500		Monthly		09/17/2058		15,343				(584)				570					0				(14)
SAL	CMBX.NA.AAA.10 Index			0.500		Monthly		11/17/2059		4,900				(140)				123					0				(17)
	CMBX.NA.AAA.12 Index			0.500		Monthly		08/17/2061		7,500				(9)				(73)					0				(82)
UAG	CMBX.NA.AAA.10 Index			0.500		Monthly		11/17/2059		3,200				(92)				81					0				(11)
													$		(1,556)		$		1,387		$			0		$		(169)

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 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
GST			Pay	iBoxx USD Investment Grade Corporate Bond ETF	1,500,000	0.680% (1-Month USD-LIBOR less a specified spread)		Monthly		07/11/2022		$		165,045		$		0			$		26			$		26		$		0
			Pay	iBoxx USD Investment Grade Corporate Bond ETF	1,000,000	0.630% (1-Month USD-LIBOR less a specified spread)		Monthly		09/12/2022				110,030				0					14					14				0
JPM			Pay	iBoxx USD Investment Grade Corporate Bond ETF	957,216	0.780% (1-Month USD-LIBOR less a specified spread)		Monthly		09/12/2022				105,322				0					23					23				0
															$		0			$		63			$		63		$		0
Total Swap Agreements															$		(11,479)			$		171			$		1,330		$		(12,638)
(o)		Securities with an aggregate market value of $143,415 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2022.
(1)		Notional Amount represents the number of contracts.
(2)		If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3)		Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or 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 Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(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 Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio 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 June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory							Level 1				Level 2						Level 3							Fair Value at 06/30/2022
Investments in Securities, at Value
Loan Participations and Assignments							$		0		$		210,451				$		40,282					$		250,733
Corporate Bonds & Notes
	Banking & Finance								0				6,696,601						26,756							6,723,357
	Industrials								0				9,438,913						0							9,438,913
	Utilities								0				3,532,233						0							3,532,233
Municipal Bonds & Notes
	California								0				280,761						0							280,761
	Florida								0				12,985						0							12,985
	Georgia								0				53,565						0							53,565
	Illinois								0				37,683						0							37,683
	Indiana								0				2,197						0							2,197
	Massachusetts								0				3,758						0							3,758
	Michigan								0				37,860						0							37,860
	Nevada								0				3,502						0							3,502
	New Jersey								0				19,407						0							19,407
	New Mexico								0				5,862						0							5,862
	New York								0				141,491						0							141,491
	Ohio								0				71,769						0							71,769
	Oregon								0				10,510						0							10,510
	Pennsylvania								0				13,523						0							13,523
	Texas								0				57,530						0							57,530
	Virginia								0				1,563						0							1,563
	Wisconsin								0				4,332						0							4,332
U.S. Government Agencies									0				906,767						0							906,767
U.S. Treasury Obligations									0				5,182,834						0							5,182,834
Non-Agency Mortgage-Backed Securities									0				51,560						0							51,560
Asset-Backed Securities									0				131,472						0							131,472
Sovereign Issues									0				601,960						0							601,960

Schedule of Investments PIMCO Long Duration Credit Bond Portfolio(Cont.) June 30, 2022 (Unaudited)

Convertible Preferred Securities
		Banking & Finance																	24,553									0					0						24,553
Preferred Securities
		Banking & Finance																	24,343									915,602					0						939,945
		Industrials																	0									38,966					0						38,966
		Utilities																	0									42,039					229,726						271,765
Short-Term Instruments
		Repurchase Agreements																	0									25,857					0						25,857
		U.S. Treasury Bills																	0									544					0						544
																	$		48,896						$			28,534,097				$	296,764			$			28,879,757
Investments in Affiliates, at Value
Short-Term Instruments
		Central Funds Used for Cash Management Purposes															$		2,108						$			0				$	0			$			2,108
Total Investments																	$		51,004						$			28,534,097				$	296,764			$			28,881,865
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared																			6,129									1,807					0						7,936
Over the counter																			0									74,547					0						74,547
																	$		6,129						$			76,354				$	0			$			82,483
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared																			(4,819)									(20,394)					0						(25,213)
Over the counter																			0									(201,017)					0						(201,017)
																	$		(4,819)						$			(221,411)				$	0			$			(226,230)
Total Financial Derivative Instruments																	$		1,310						$			(145,057)				$	0			$			(143,747)
Totals																	$		52,314						$			28,389,040				$	296,764			$			28,738,118
The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended June 30, 2022:
Category and Subcategory				Beginning Balance at 03/31/2022			Net Purchases (1)				Net Sales/Settlements (1)					Accrued Discounts/ (Premiums)					Realized Gain/(Loss)			Net Change in Unrealized Appreciation/ (Depreciation) (2)						Transfers into Level 3				Transfers out of Level 3				Ending Balance at 06/30/2022			Net Change in Unrealized Appreciation/ (Depreciation) on Investments Held at 06/30/2022 (2)
Investments in Securities, at Value
Loan Participations and Assignments				$	45,383		$		0		$			(1,075)	$			2		$		2	$				(2,068)		$		0			$	(1,962)			$		40,282	$		(2,087)
Corporate Bonds & Notes
	Banking & Finance					28,076			0					0				0				0					(1,320)				0				0					26,756			(1,320)
Preferred Securities
	Utilities					235,719			0					0				0				0					(5,993)				0				0					229,726			(5,993)
				$	309,178		$		0		$			(1,075)	$			2		$		2	$				(9,381)		$		0			$	(1,962)			$		296,764	$		(9,400)
Financial Derivative Instruments- Assets
Over the counter				$	3,550		$		0		$			0	$			0		$		0	$				(3,550)		$		0			$	0			$		0	$		0
Totals				$	312,728		$		0		$			(1,075)	$			2		$		2	$				(12,931)		$		0			$	(1,962)			$		296,764	$		(9,400)
The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:
																																					(% Unless Noted Otherwise)
Category and Subcategory								Ending Balance at 06/30/2022				Valuation Technique														Unobservable Inputs											Input Value(s)					Weighted Average
Investments in Securities, at Value
Loan Participations and Assignments								$		40,282			Discounted Cash Flow													Discount Rate											5.308					—
Corporate Bonds & Notes
	Banking & Finance									26,756			Discounted Cash Flow													Discount Rate											6.704					—
Preferred Securities
	Utilities									229,726			Discounted Cash Flow													Discount Rate											4.871					—
Total								$		296,764
(1)			Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions.
(2)			Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at June 30, 2022 may be due to an investment no longer held or categorized as Level 3 at period end.

(3) Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Portfolio.

Schedule of Investments PIMCO Low Duration Portfolio June 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 100.1% ¤
CORPORATE BONDS & NOTES 22.6%
BANKING & FINANCE 15.8%
ABN AMRO Bank NV 4.750% due 07/28/2025	$	500	$	498
AerCap Ireland Capital DAC 3.875% due 01/23/2028		500		452
Alexandria Real Estate Equities, Inc. 3.800% due 04/15/2026		1,500		1,472
American Express Co.
2.250% due 03/04/2025		5,000		4,809
2.550% due 03/04/2027		6,250		5,828
3.375% due 05/03/2024		8,300		8,248
American Tower Corp.
1.300% due 09/15/2025		1,000		906
3.000% due 06/15/2023		1,700		1,683
Arch Capital Group Ltd. 3.635% due 06/30/2050		600		468
Ares Finance Co. LLC 3.650% due 02/01/2052		700		493
Aviation Capital Group LLC 4.125% due 08/01/2025		800		761
Bank of America Corp.
1.658% due 03/11/2027 •		6,100		5,477
1.734% due 07/22/2027 •		3,000		2,672
1.959% (SOFRRATE + 0.970%) due 07/22/2027 ~		700		668
2.592% due 04/29/2031 •		7,000		5,943
3.093% due 10/01/2025 •		4,900		4,747
3.841% due 04/25/2025 •		1,000		996
3.864% due 07/23/2024 •		1,400		1,395
4.200% due 08/26/2024		1,000		1,003
4.271% due 07/23/2029 •		2,000		1,924
Bank of New York Mellon Corp. 3.950% due 11/18/2025		2,780		2,790
Banque Federative du Credit Mutuel SA
2.023% (US0003M + 0.960%) due 07/20/2023 ~		5,600		5,621
3.750% due 07/20/2023		1,100		1,101
Barclays PLC
4.338% due 05/16/2024 •		5,000		5,000
4.375% due 01/12/2026		7,000		6,939
4.972% due 05/16/2029 •		1,800		1,771
Blackstone Holdings Finance Co. LLC 1.625% due 08/05/2028		2,500		2,115
BNP Paribas SA
1.904% due 09/30/2028 •		10,500		8,982
3.375% due 01/09/2025		2,350		2,298
BOC Aviation Ltd.
3.322% (US0003M + 1.125%) due 09/26/2023 ~		2,800		2,798
3.500% due 10/10/2024		1,000		989
BPCE SA
1.000% due 01/20/2026		1,700		1,510
4.000% due 09/12/2023		3,000		2,999
5.700% due 10/22/2023		750		761
Brixmor Operating Partnership LP 3.650% due 06/15/2024		500		493
Brookfield Finance, Inc. 4.250% due 06/02/2026		1,070		1,062
Canadian Imperial Bank of Commerce 2.307% (SOFRRATE + 0.800%) due 03/17/2023 ~		3,000		2,999
Citigroup, Inc.
2.572% due 06/03/2031 •(c)		2,500		2,104
2.700% due 10/27/2022		750		751
2.876% due 07/24/2023 •		1,100		1,099
2.976% due 11/05/2030 •		450		393
3.035% (SOFRRATE + 1.528%) due 03/17/2026 ~(c)		12,000		11,926
3.668% due 07/24/2028 •		700		661
3.700% due 01/12/2026		600		589
Cooperatieve Rabobank UA
2.625% due 07/22/2024		1,600		1,550
3.057% (US0003M + 0.860%) due 09/26/2023 ~		5,500		5,526
4.375% due 08/04/2025		900		894
Corebridge Financial, Inc. 3.850% due 04/05/2029		3,900		3,608

Schedule of Investments PIMCO Low Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

Corporate Office Properties LP 2.900% due 12/01/2033	750	582
Credit Suisse AG 0.520% due 08/09/2023	300	290
Credit Suisse Group AG
2.193% due 06/05/2026 •	1,000	908
2.593% due 09/11/2025 •	300	283
3.091% due 05/14/2032 •	3,900	3,108
3.800% due 06/09/2023	1,800	1,784
3.869% due 01/12/2029 •	700	630
4.207% due 06/12/2024 •	750	743
4.550% due 04/17/2026	700	685
Deutsche Bank AG
2.311% due 11/16/2027 •	800	691
2.783% (US0003M + 1.230%) due 02/27/2023 ~	500	499
3.035% due 05/28/2032 •(c)	3,400	2,694
3.961% due 11/26/2025 •	3,000	2,902
Equinix, Inc. 3.200% due 11/18/2029	600	534
Equitable Financial Life Global Funding 0.500% due 04/06/2023	7,000	6,846
Essex Portfolio LP 3.500% due 04/01/2025	850	833
Fairfax Financial Holdings Ltd. 4.850% due 04/17/2028	600	597
First American Financial Corp. 4.300% due 02/01/2023	728	729
GA Global Funding Trust
1.000% due 04/08/2024	4,700	4,437
1.950% due 09/15/2028	3,600	3,046
Goldman Sachs Group, Inc.
1.542% due 09/10/2027 •	100	88
2.640% due 02/24/2028 •	6,125	5,563
3.198% (US0003M + 1.600%) due 11/29/2023 ~	8,000	8,030
3.330% (SOFRRATE + 1.850%) due 03/15/2028 ~	5,000	4,960
3.500% due 04/01/2025	1,875	1,840
3.691% due 06/05/2028 •	1,000	949
Guardian Life Global Funding 1.100% due 06/23/2025	1,400	1,294
Healthpeak Properties, Inc. 3.250% due 07/15/2026	1,000	964
HSBC Holdings PLC
3.803% due 03/11/2025 •	4,900	4,835
3.950% due 05/18/2024 •	1,050	1,046
3.973% due 05/22/2030 •	2,600	2,390
4.292% due 09/12/2026 •	1,300	1,272
4.755% due 06/09/2028 •	3,350	3,260
ING Groep NV
3.550% due 04/09/2024	1,900	1,884
4.100% due 10/02/2023	450	451
Invitation Homes Operating Partnership LP 2.700% due 01/15/2034	400	308
Jackson National Life Global Funding
2.650% due 06/21/2024	3,300	3,216
3.250% due 01/30/2024	500	495
3.875% due 06/11/2025	1,200	1,191
JPMorgan Chase & Co.
1.578% due 04/22/2027 •	4,800	4,279
3.540% due 05/01/2028 •	4,300	4,081
3.797% due 07/23/2024 •	5,000	4,984
Lazard Group LLC 3.750% due 02/13/2025	500	491
Lloyds Banking Group PLC
3.511% due 03/18/2026 •	2,500	2,436
3.574% due 11/07/2028 •	4,100	3,840
4.450% due 05/08/2025	1,400	1,403
4.582% due 12/10/2025	600	589
MassMutual Global Funding
0.600% due 04/12/2024	11,000	10,441
3.400% due 03/08/2026	400	392
Mitsubishi UFJ Financial Group, Inc. 2.801% due 07/18/2024	5,000	4,874
Mizuho Financial Group, Inc.
2.154% (US0003M + 0.630%) due 05/25/2024 ~	4,000	3,957
2.839% due 07/16/2025 •	300	291
Morgan Stanley
0.985% due 12/10/2026 •	1,700	1,509
2.239% due 07/21/2032 •	4,000	3,245
3.125% due 07/27/2026	1,000	956
3.737% due 04/24/2024 •	3,900	3,888
MUFG Union Bank NA 2.100% due 12/09/2022	2,000	1,992
Nationwide Building Society 4.363% due 08/01/2024 •	4,085	4,091
Natwest Group PLC
0.000% due 03/22/2025 •	900	891

Schedule of Investments PIMCO Low Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

0.000% due 06/14/2027 •	5,500	4,832
3.747% (US0003M + 1.550%) due 06/25/2024 ~	1,800	1,802
New York Life Global Funding 0.950% due 06/24/2025	1,200	1,107
Nomura Holdings, Inc.
2.648% due 01/16/2025	3,000	2,865
2.999% due 01/22/2032	1,000	813
Pacific Life Global Funding II 1.375% due 04/14/2026	1,200	1,082
Physicians Realty LP 4.300% due 03/15/2027	700	687
Principal Life Global Funding 0.750% due 04/12/2024	12,600	11,924
Progressive Corp. 2.500% due 03/15/2027	1,900	1,797
Protective Life Global Funding
0.502% due 04/12/2023	7,000	6,842
1.082% due 06/09/2023	3,200	3,126
2.615% due 08/22/2022	2,000	1,999
QNB Finance Ltd. 1.375% due 01/26/2026	750	682
Realty Income Corp. 4.875% due 06/01/2026	500	511
Reinsurance Group of America, Inc. 3.950% due 09/15/2026	300	296
Santander Holdings USA, Inc.
2.490% due 01/06/2028 •	500	442
3.244% due 10/05/2026	1,000	939
3.400% due 01/18/2023	1,700	1,698
4.400% due 07/13/2027	300	289
Santander U.K. Group Holdings PLC
1.089% due 03/15/2025 •	2,900	2,710
1.673% due 06/14/2027 •	1,000	874
3.823% due 11/03/2028 •	300	279
Santander U.K. PLC 5.000% due 11/07/2023	563	568
SMBC Aviation Capital Finance DAC 4.125% due 07/15/2023	1,300	1,290
Societe Generale SA 3.875% due 03/28/2024	1,000	991
Spirit Realty LP 3.400% due 01/15/2030	700	607
Standard Chartered PLC
2.104% (SOFRRATE + 1.250%) due 10/14/2023 ~	400	400
3.253% (SOFRRATE + 1.740%) due 03/30/2026 ~	3,000	3,002
3.265% due 02/18/2036 •	800	647
3.785% due 05/21/2025 •	3,000	2,945
3.885% due 03/15/2024 •	4,000	3,989
Sumitomo Mitsui Financial Group, Inc.
2.348% due 01/15/2025	3,000	2,872
2.448% due 09/27/2024	1,700	1,639
2.696% due 07/16/2024	2,900	2,823
Sumitomo Mitsui Trust Bank Ltd. 0.800% due 09/12/2023	1,000	967
SURA Asset Management SA 4.375% due 04/11/2027	1,000	943
SVB Financial Group 3.500% due 01/29/2025	1,600	1,568
Svenska Handelsbanken AB 1.418% due 06/11/2027 •	3,400	3,032
Synchrony Financial 4.250% due 08/15/2024	500	497
Truist Financial Corp. 1.950% due 06/05/2030	5,000	4,163
UBS Group AG
2.859% due 08/15/2023 •	1,500	1,500
4.125% due 04/15/2026	3,500	3,451
Wells Fargo & Co.
3.300% due 09/09/2024	2,000	1,975
3.550% due 09/29/2025	200	197
4.125% due 08/15/2023	4,500	4,535
4.300% due 07/22/2027	4,000	3,959
Welltower, Inc.
3.625% due 03/15/2024	300	298
4.000% due 06/01/2025	4,500	4,473
WP Carey, Inc.
4.000% due 02/01/2025	1,000	994
4.250% due 10/01/2026	500	494
		367,674
INDUSTRIALS 4.7%
7-Eleven, Inc. 0.800% due 02/10/2024	10,100	9,577
AbbVie, Inc. 2.300% due 11/21/2022	4,700	4,692

Schedule of Investments PIMCO Low Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

Adventist Health System 2.952% due 03/01/2029	2,500	2,293
American Airlines Pass-Through Trust 3.375% due 11/01/2028	1,237	1,111
Arrow Electronics, Inc.
3.875% due 01/12/2028	700	667
4.500% due 03/01/2023	1,800	1,807
BAT International Finance PLC 3.950% due 06/15/2025	1,000	982
Bayer U.S. Finance LLC 3.875% due 12/15/2023	6,500	6,490
BMW U.S. Capital LLC 3.900% due 04/09/2025	3,000	2,994
BOC Aviation USA Corp. 1.625% due 04/29/2024	1,800	1,725
BP Capital Markets America, Inc. 3.017% due 01/16/2027	1,400	1,335
Continental Airlines Pass-Through Trust 4.000% due 04/29/2026	634	610
CVS Health Corp.
4.100% due 03/25/2025	2,402	2,420
4.750% due 12/01/2022	2,381	2,387
Dell International LLC
5.450% due 06/15/2023	53	54
6.020% due 06/15/2026	3,100	3,223
Energy Transfer LP 4.500% due 11/01/2023	5,691	5,722
Entergy Louisiana LLC 0.620% due 11/17/2023	1,511	1,456
FactSet Research Systems, Inc. 3.450% due 03/01/2032	500	439
Flex Ltd.
4.750% due 06/15/2025	1,200	1,210
5.000% due 02/15/2023	500	504
Gilead Sciences, Inc. 3.700% due 04/01/2024	700	701
Global Payments, Inc. 2.900% due 11/15/2031	500	410
Harvest Operations Corp. 1.000% due 04/26/2024	9,800	9,339
HCA, Inc. 3.125% due 03/15/2027	4,000	3,638
Home Depot, Inc. 2.700% due 04/15/2025	4,000	3,928
Hyundai Capital America
0.800% due 01/08/2024	1,700	1,616
2.850% due 11/01/2022	200	199
5.875% due 04/07/2025	500	516
JetBlue Pass-Through Trust 2.750% due 11/15/2033	2,226	1,933
Komatsu Finance America, Inc. 2.437% due 09/11/2022	600	599
Lundin Energy Finance BV 2.000% due 07/15/2026	700	626
Magallanes, Inc. 3.755% due 03/15/2027	6,100	5,727
Marriott International, Inc. 2.750% due 10/15/2033	900	709
Marvell Technology Group Ltd. 4.200% due 06/22/2023	3,000	3,003
Nissan Motor Co. Ltd.
3.043% due 09/15/2023	3,900	3,837
4.345% due 09/17/2027	1,500	1,378
4.810% due 09/17/2030	300	267
Petronas Capital Ltd. 3.500% due 04/21/2030	850	800
Quanta Services, Inc. 2.900% due 10/01/2030	750	619
Reliance Steel & Aluminum Co. 2.150% due 08/15/2030	500	406
Sabine Pass Liquefaction LLC
5.625% due 04/15/2023	700	707
5.750% due 05/15/2024	1,000	1,021
Saudi Arabian Oil Co. 1.625% due 11/24/2025	600	555
Starbucks Corp. 1.641% (SOFRINDX + 0.420%) due 02/14/2024 ~	1,300	1,293
Stryker Corp. 3.500% due 03/15/2026	2,750	2,702
Sutter Health 2.294% due 08/15/2030	2,800	2,407
Sydney Airport Finance Co. Pty. Ltd. 3.900% due 03/22/2023	750	751
United Airlines Pass-Through Trust
2.700% due 11/01/2033	364	311
2.900% due 11/01/2029	1,357	1,195

Schedule of Investments PIMCO Low Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

4.150% due 10/11/2025	815	800
4.550% due 08/25/2031	1,355	1,215
5.875% due 04/15/2029	2,202	2,167
Woodside Finance Ltd. 3.700% due 03/15/2028	700	653
WRKCo, Inc. 3.900% due 06/01/2028	800	772
Zimmer Biomet Holdings, Inc. 3.550% due 04/01/2025	900	889
		109,387
UTILITIES 2.1%
Atmos Energy Corp. 2.070% (US0003M + 0.380%) due 03/09/2023 ~	1,100	1,097
Avangrid, Inc. 3.150% due 12/01/2024	2,000	1,955
Berkshire Hathaway Energy Co. 3.700% due 07/15/2030	165	158
Duke Energy Ohio, Inc. 3.650% due 02/01/2029	1,536	1,470
NBN Co. Ltd. 1.450% due 05/05/2026	4,300	3,884
Pacific Gas & Electric Co.
3.850% due 11/15/2023	800	790
4.250% due 08/01/2023	1,200	1,194
4.400% due 03/01/2032	3,000	2,608
4.950% due 06/08/2025	1,700	1,669
5.450% due 06/15/2027	1,600	1,550
Plains All American Pipeline LP 4.500% due 12/15/2026	700	688
Puget Energy, Inc. 2.379% due 06/15/2028	1,200	1,050
SA Global Sukuk Ltd. 0.946% due 06/17/2024	3,200	3,024
Southern California Edison Co.
0.700% due 08/01/2023	2,700	2,618
0.975% due 08/01/2024	4,500	4,246
2.153% (SOFRINDX + 0.640%) due 04/03/2023 ~	4,100	4,092
3.500% due 10/01/2023	200	200
Southern California Gas Co. 2.950% due 04/15/2027	4,700	4,453
Texas Electric Market Stabilization Funding N LLC 4.265% due 08/01/2036	11,000	10,930
Verizon Communications, Inc. 4.016% due 12/03/2029	820	795
		48,471
Total Corporate Bonds & Notes (Cost $548,568)		525,532
MUNICIPAL BONDS & NOTES 1.1%
CALIFORNIA 0.4%
Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021 1.337% due 06/01/2023	4,100	4,022
Los Angeles Community College District, California General Obligation Bonds, Series 2020 2.106% due 08/01/2032	1,000	850
Port of Oakland, California Revenue Notes, Series 2020 0.821% due 05/01/2023	2,705	2,651
University of California Revenue Notes, Series 2020 1.316% due 05/15/2027	2,600	2,334
		9,857
FLORIDA 0.1%
Miami-Dade County, Florida Revenue Notes, Series 2021
1.154% due 10/01/2025	2,000	1,842
1.471% due 10/01/2026	700	634
		2,476
HAWAII 0.1%
Hawaii State General Obligation Notes, Series 2020 0.802% due 10/01/2024	2,400	2,270
IDAHO 0.1%
Idaho Energy Resources Authority Revenue Notes, Series 2017 2.297% due 09/01/2023	1,200	1,188
MASSACHUSETTS 0.0%
University of Massachusetts Building Authority Revenue Bonds, (BABs), Series 2009 6.423% due 05/01/2029	40	40

Schedule of Investments PIMCO Low Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

NEW YORK 0.1%
New York State Urban Development Corp. Revenue Notes, Series 2020
1.115% due 03/15/2025	1,000	938
1.346% due 03/15/2026	2,300	2,119
		3,057
OREGON 0.2%
Port of Morrow, Oregon Revenue Notes, Series 2016 1.809% due 09/01/2022	3,100	3,099
WEST VIRGINIA 0.1%
Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2020 2.951% due 06/01/2031	300	262
Tobacco Settlement Finance Authority, West Virginia Revenue Notes, Series 2020
1.497% due 06/01/2024	2,200	2,106
1.820% due 06/01/2026	800	729
		3,097
Total Municipal Bonds & Notes (Cost $26,254)		25,084
U.S. GOVERNMENT AGENCIES 2.8%
Fannie Mae
0.750% due 11/25/2050	2,673	2,149
1.240% (US0001M + 0.440%) due 12/25/2046 ~	695	690
1.250% due 10/25/2046 •	839	834
1.300% (US0001M + 0.500%) due 01/25/2047 ~	701	696
1.864% (US0001M + 0.240%) due 06/25/2037 ~	50	50
1.874% due 07/01/2034 •	54	55
2.074% due 07/25/2049 •	1,788	1,778
2.134% due 03/25/2041 •	967	969
2.405% due 10/01/2037 •	72	75
Federal Home Loan Bank 1.050% due 08/13/2026	4,800	4,391
Freddie Mac
0.650% due 10/27/2025	9,200	8,456
0.800% due 10/28/2026	9,200	8,268
1.000% due 12/15/2040 - 05/25/2047	4,254	3,996
1.150% due 10/15/2037 •	820	824
1.300% due 07/15/2041 •	1,040	1,031
2.500% due 09/25/2048	2,006	1,920
2.928% due 06/01/2037 •	73	75
3.000% due 08/15/2046	751	740
4.000% due 09/01/2048 - 10/01/2048	3,347	3,350
4.500% due 02/01/2049	2,402	2,428
Ginnie Mae
0.908% due 09/20/2065 •	979	971
1.153% due 08/20/2065 •	1,643	1,629
1.263% due 02/20/2067 •	1,341	1,331
1.323% due 10/20/2065 •	1,643	1,627
1.343% due 07/20/2063 •	379	376
1.373% (US0001M + 0.570%) due 06/20/2065 ~	1,050	1,042
1.383% (US0001M + 0.580%) due 06/20/2065 ~	673	668
1.403% due 03/20/2065 •	1,331	1,321
1.453% (US0001M + 0.650%) due 12/20/2064 ~	1,517	1,504
1.453% due 11/20/2065 •	648	645
1.500% due 10/20/2045	1,883	1,689
1.573% due 02/20/2066 •	11	11
1.683% due 04/20/2066 •	2,393	2,384
1.703% (US0001M + 0.900%) due 04/20/2066 ~	3,244	3,234
1.803% (US0001M + 1.000%) due 01/20/2067 ~	1,348	1,350
Uniform Mortgage-Backed Security
3.000% due 01/01/2035	909	898
4.500% due 08/01/2048 - 01/01/2049	790	797
5.500% due 04/01/2034 - 04/01/2039	108	114
Uniform Mortgage-Backed Security, TBA 4.000% due 04/01/2052	1,500	1,477
Total U.S. Government Agencies (Cost $69,465)		65,843
U.S. TREASURY OBLIGATIONS 60.1%
U.S. Treasury Notes
0.125% due 01/15/2024	65,000	62,232
0.250% due 06/15/2024	90,000	85,359
0.375% due 07/15/2024 (f)	24,000	22,767
0.750% due 12/31/2023	309,000	298,976
0.875% due 01/31/2024	138,600	134,139
1.500% due 02/29/2024	98,100	95,797
2.250% due 03/31/2024	495,000	488,832
2.500% due 04/30/2024	21,800	21,613
2.500% due 05/31/2024	35,600	35,282
2.500% due 03/31/2027	17,700	17,271
2.625% due 04/15/2025	14,600	14,443

Schedule of Investments PIMCO Low Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

2.625% due 05/31/2027	33,300	32,674
2.750% due 05/15/2025	15,200	15,085
3.000% due 06/30/2024	71,800	71,842
Total U.S. Treasury Obligations (Cost $1,422,903)		1,396,312
NON-AGENCY MORTGAGE-BACKED SECURITIES 4.4%
AREIT Trust
2.021% (SOFR30A + 1.250%) due 01/16/2037 ~	3,500	3,363
2.603% due 11/17/2038 •	4,442	4,281
2.718% due 09/14/2036 •	636	623
3.242% due 06/17/2039 •	4,000	3,971
Atrium Hotel Portfolio Trust 2.274% (US0001M + 0.950%) due 06/15/2035 ~	3,400	3,294
Banc of America Commercial Mortgage Trust 3.441% due 09/15/2048	2,456	2,406
BANK
2.808% due 10/17/2052	2,500	2,360
3.279% due 11/15/2054	1,700	1,629
3.623% due 04/15/2052	3,000	2,939
Barclays Commercial Mortgage Securities Trust 3.488% due 02/15/2050	1,402	1,386
Benchmark Mortgage Trust 3.615% due 03/15/2062	4,100	4,006
BX Commercial Mortgage Trust 2.054% due 10/15/2036 •	1,300	1,238
Citigroup Commercial Mortgage Trust
3.268% due 09/15/2050	1,400	1,368
3.297% due 10/12/2050	4,258	4,155
Commercial Mortgage Trust
3.244% due 10/10/2029	2,000	1,929
3.550% due 02/10/2049	875	868
4.181% due 05/10/2051	1,026	1,022
CSAIL Commercial Mortgage Trust 3.314% due 11/15/2049	3,204	3,163
GS Mortgage Securities Trust 3.801% due 01/10/2047	739	734
Hilton USA Trust 3.719% due 11/05/2038	2,000	1,916
InTown Hotel Portfolio Trust 2.425% due 01/15/2033 •	4,800	4,777
JPMDB Commercial Mortgage Securities Trust 3.242% due 10/15/2050	1,100	1,073
LUXE Commercial Mortgage Trust
2.305% due 11/15/2038 •	1,200	1,155
2.374% due 10/15/2038 •	1,100	1,061
MF1 Multifamily Housing Mortgage Loan Trust 2.298% due 07/15/2036 •	3,194	3,156
Morgan Stanley Capital Trust
2.493% due 12/15/2023 •	3,100	2,991
2.606% due 08/15/2049	493	479
2.860% due 11/15/2049	2,639	2,576
Ready Capital Mortgage Financing LLC
2.574% due 07/25/2036 •	2,699	2,590
2.624% due 04/25/2038 •	3,175	3,070
SFO Commercial Mortgage Trust 2.474% due 05/15/2038 •	2,100	2,011
Shelter Growth CRE Issuer Ltd. 3.416% due 06/17/2037 •	8,600	8,572
SREIT Trust 2.024% due 10/15/2038 •	2,400	2,283
Starwood Mortgage Trust 2.182% due 11/15/2036 •	2,550	2,440
UBS Commercial Mortgage Trust
3.215% due 08/15/2050	2,700	2,629
3.460% due 04/15/2052	3,200	3,102
3.903% due 02/15/2051	1,500	1,491
4.119% due 06/15/2051	2,000	1,990
VMC Finance LLC 2.712% due 06/16/2036 •	612	597
VNDO Mortgage Trust 2.996% due 11/15/2030	4,700	4,693
Wells Fargo Commercial Mortgage Trust
2.514% due 08/15/2049	1,059	1,030
2.911% due 06/15/2049	778	764
3.390% due 11/15/2050	1,200	1,179
4.147% due 06/15/2051	600	599
Total Non-Agency Mortgage-Backed Securities (Cost $106,484)		102,959
ASSET-BACKED SECURITIES 7.2%
ACREC Ltd. 2.762% due 10/16/2036 •	1,500	1,433
Anchorage Capital CLO Ltd. 2.184% (US0003M + 1.140%) due 07/15/2032 ~	5,000	4,880

Schedule of Investments PIMCO Low Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

Apex Credit CLO Ltd. 3.086% due 09/20/2029 •	2,369	2,334
Apidos CLO 2.124% due 04/15/2031 •	750	736
Apres Static CLO Ltd. 2.114% due 10/15/2028 •	1,419	1,414
Arbor Realty Commercial Real Estate Notes Ltd. 2.674% (US0001M + 1.350%) due 11/15/2036 ~	3,000	2,908
Ares CLO Ltd.
2.094% due 04/18/2031 •	3,400	3,317
2.186% (US0003M + 1.050%) due 04/22/2031 ~	2,000	1,951
Atlas Senior Loan Fund Ltd.
2.134% (US0003M + 1.090%) due 01/15/2031 ~	1,473	1,452
2.216% due 04/22/2031 •	1,300	1,275
Babson CLO Ltd. 2.053% (US0003M + 0.990%) due 01/20/2031 ~	2,000	1,968
BDS Ltd.
2.962% due 12/16/2036 •	4,300	4,128
3.307% due 03/19/2039 •	5,500	5,451
BPCRE Holder LLC 3.907% due 01/18/2037 •	7,000	6,902
BSPRT Issuer Ltd. 1.000% (TSFR1M + 2.296%) due 07/15/2039 ~	4,500	4,483
Carlyle Global Market Strategies CLO Ltd. 2.216% due 04/22/2032 •	1,800	1,763
Cedar Funding CLO Ltd. 2.063% due 01/20/2031 •	6,050	5,926
CLNC Ltd. 2.874% (TSFR1M + 1.364%) due 08/20/2035 ~	3,691	3,617
Crestline Denali CLO Ltd. 2.324% due 10/23/2031 •	4,600	4,499
DLLAD LLC 0.640% due 09/21/2026	2,800	2,610
DLLST LLC
3.400% due 01/21/2025	9,750	9,615
3.690% due 09/20/2028	1,300	1,277
ECMC Group Student Loan Trust
2.374% due 02/27/2068 •	1,458	1,397
2.424% due 09/25/2068 •	2,350	2,302
2.624% due 07/25/2069 •	3,326	3,229
2.624% due 01/27/2070 •	1,683	1,646
2.674% (US0001M + 1.050%) due 05/25/2067 ~	869	851
Fortress Credit Investments Ltd. 2.753% due 02/23/2039 •	3,000	2,962
FS Rialto Issuer LLC 2.692% (SOFR30A + 1.900%) due 01/19/2039 ~	6,500	6,382
Greystone Commercial Real Estate Notes Ltd. 2.504% (US0001M + 1.180%) due 09/15/2037 ~	2,000	1,973
HGI CRE CLO Ltd. 2.477% due 04/19/2037 •	3,200	3,136
LCM Ltd. 2.143% (US0003M + 1.080%) due 04/20/2031 ~	2,000	1,955
LMREC LLC 2.674% (US0001M + 1.050%) due 04/22/2037 ~	3,909	3,842
LoanCore Issuer Ltd.
2.329% (SOFR30A + 1.550%) due 01/17/2037 ~	2,300	2,236
2.624% (US0001M + 1.300%) due 11/15/2038 ~	4,600	4,425
Louisiana Local Government Environmental Facilities & Community Development Authority 4.275% due 02/01/2036	2,200	2,191
Navient Student Loan Trust 2.004% due 03/25/2067 •	454	452
Nelnet Student Loan Trust 2.224% (US0001M + 0.600%) due 03/25/2030 ~	240	239
Newark BSL CLO Ltd. 2.154% (US0003M + 0.970%) due 07/25/2030 ~	700	687
Oaktree CLO Ltd. 2.246% (US0003M + 1.110%) due 04/22/2030 ~	3,000	2,934
OSD CLO Ltd. 1.914% due 04/17/2031 •	2,500	2,445
OZLM Ltd. 2.223% due 07/20/2032 •	1,800	1,758
Palmer Square Loan Funding Ltd. 1.844% (US0003M + 0.800%) due 10/15/2029 ~	1,371	1,346
Saranac CLO Ltd. 2.584% due 08/13/2031 •	2,800	2,743
SLC Student Loan Trust
1.471% (US0003M + 0.060%) due 05/15/2029 ~	609	601
1.939% (US0003M + 0.110%) due 03/15/2027 ~	15	15
2.399% due 11/25/2042 •	211	209
SLM Student Loan Trust
1.304% due 01/25/2027 •	104	103
1.324% due 10/25/2028 •	816	806
Starwood Commercial Mortgage Trust 2.723% (US0001M + 1.200%) due 04/18/2038 ~	7,000	6,911
THL Credit Wind River Clo Ltd. 2.124% due 04/15/2031 •	3,700	3,608

Schedule of Investments PIMCO Low Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

TPG Real Estate Finance Issuer Ltd.
2.424% due 02/15/2039 •	4,100		3,995
2.742% (TSFR1M + 1.264%) due 10/15/2034 ~	1,628		1,618
Venture CLO Ltd.
2.053% due 07/20/2030 •	4,000		3,936
2.083% due 04/20/2029 •	809		799
2.446% due 07/30/2032 •	2,000		1,945
Vibrant CLO Ltd.
2.183% (US0003M + 1.120%) due 07/20/2032 ~	3,900		3,790
3.046% due 06/20/2029 •	3,413		3,363
Wellfleet CLO Ltd.
1.953% due 04/20/2029 •	3,072		3,051
1.953% due 07/20/2029 •	4,302		4,259
2.123% (US0003M + 1.060%) due 10/20/2029 ~	1,857		1,834
Total Asset-Backed Securities (Cost $168,961)			165,913
SOVEREIGN ISSUES 0.5%
Province of Ontario 3.050% due 01/29/2024	5,000		4,996
Province of Quebec 2.625% due 02/13/2023	4,500		4,495
Qatar Government International Bond 3.875% due 04/23/2023	1,200		1,206
Total Sovereign Issues (Cost $10,802)			10,697
SHORT-TERM INSTRUMENTS 1.4%
REPURCHASE AGREEMENTS (d) 1.2%			28,857
U.S. TREASURY BILLS 0.1%
0.732% due 07/07/2022 (a)(b)	900		900
U.S. TREASURY CASH MANAGEMENT BILLS 0.1%
1.089% due 08/23/2022 (a)(b)(f)	2,800		2,794
Total Short-Term Instruments (Cost $32,553)			32,551
Total Investments in Securities (Cost $2,385,990)			2,324,891
Total Investments 100.1% (Cost $2,385,990)		$	2,324,891
Financial Derivative Instruments(e)(0.0)%(Cost or Premiums, net $1,268)			(222)
Other Assets and Liabilities, net (0.1)%			(1,952)
Net Assets 100.0%		$	2,322,717

Schedule of Investments PIMCO Low Duration Portfolio(Cont.) June 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.
~	Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.
•	Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.
(a)	Zero coupon security.
(b)	Coupon represents a yield to maturity.
(c)	RESTRICTED SECURITIES:
Issuer Description													Coupon						Maturity Date								Acquisition Date												Cost																			Market Value											Market Value as Percentage of Net Assets
Citigroup, Inc.												2.572						%	06/03/2031								05/26/2020										$		2,500											$								2,104											0.09						%
Citigroup, Inc.												3.035							03/17/2026								03/10/2022												12,000																			11,926											0.51
Deutsche Bank AG												3.035							05/28/2032								08/05/2021 - 04/27/2022												3,162																			2,694											0.12
																																				$		17,662											$								16,724											0.72%
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			0.400%	06/30/2022			07/01/2022		$		957									U.S. Treasury Notes 3.000% due 06/30/2024																						$				(976)										$						957					$						957
JPS			1.400	06/30/2022			07/01/2022				27,900									U.S. Treasury Notes 1.375% due 11/15/2031																										(28,560)																27,900											27,901
Total Repurchase Agreements																																										$				(29,536)										$						28,857					$						28,858
(1)	Includes accrued interest.
(e)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
FUTURES CONTRACTS:
SHORT FUTURES CONTRACTS
																																																Variation Margin
Description										Expiration Month						# of Contracts								Notional Amount											Unrealized Appreciation/ (Depreciation)																	Asset																				Liability
U.S. Treasury 10-Year Ultra September Futures										09/2022						147					$			(18,724)							$				137													$				0												$								(195)
Total Futures Contracts																														$				137													$				0												$								(195)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION(1)
																																																					Variation Margin
Reference Entity		Fixed Receive Rate			Payment Frequency	Maturity Date		Implied Credit Spread at June 30, 2022(2)									Notional Amount(3)								Premiums Paid/ (Received)							Unrealized Appreciation/ (Depreciation)											Market Value(4)																	Asset													Liability
AT&T, Inc.		1.000%			Quarterly	12/20/2023		0.952						%	$		5,400					$			68			$				(63)								$			5											$						0					$								(2)
Boeing Co.		1.000			Quarterly	06/20/2023		1.520									1,200								6							(12)											(6)																	0													(1)
Boeing Co.		1.000			Quarterly	06/20/2026		2.327									1,200								(6)							(50)											(56)																	0													(1)
General Electric Co.		1.000			Quarterly	12/20/2024		1.096									2,000								33							(37)											(4)																	0													(2)
General Electric Co.		1.000			Quarterly	06/20/2026		1.530									1,300								17							(42)											(25)																	0													(1)
General Electric Co.		1.000			Quarterly	12/20/2026		1.700									200								2							(7)											(5)																	0													0
Verizon Communications, Inc.		1.000			Quarterly	06/20/2027		1.272									1,900								(2)							(21)											(23)																	0													(2)
																							$			118			$				(232)								$			(114)											$						0					$								(9)

Schedule of Investments PIMCO Low Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION(1)
																					Variation Margin
Index/Tranches			Fixed Receive Rate	Payment Frequency	Maturity Date		Notional Amount(3)				Premiums Paid/ (Received)				Unrealized Appreciation/ (Depreciation)				Market Value(4)				Asset			Liability
CDX.IG-36 5-Year Index			1.000%	Quarterly	06/20/2026	$	4,400			$	108		$		(87)		$		21			$	0		$	(1)
CDX.IG-37 5-Year Index			1.000	Quarterly	12/20/2026		4,000				89				(79)				10				0			(1)
CDX.IG-38 5-Year Index			1.000	Quarterly	06/20/2027		81,700				953				(954)				(1)				0			(16)
										$	1,150		$		(1,120)		$		30			$	0		$	(18)
Total Swap Agreements										$	1,268		$		(1,352)		$		(84)			$	0		$	(27)
(f)		Securities with an aggregate market value of $6,899 and cash of $2,733 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2022.
(1)		If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(2)		Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
(3)		The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(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.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory								Level 1				Level 2				Level 3				Fair Value at 06/30/2022
Investments in Securities, at Value
Corporate Bonds & Notes
	Banking & Finance							$	0			$		367,674		$		0		$				367,674
	Industrials								0					109,387				0						109,387
	Utilities								0					48,471				0						48,471
Municipal Bonds & Notes
	California								0					9,857				0						9,857
	Florida								0					2,476				0						2,476
	Hawaii								0					2,270				0						2,270
	Idaho								0					1,188				0						1,188
	Massachusetts								0					40				0						40
	New York								0					3,057				0						3,057
	Oregon								0					3,099				0						3,099
	West Virginia								0					3,097				0						3,097
U.S. Government Agencies									0					65,843				0						65,843
U.S. Treasury Obligations									0					1,396,312				0						1,396,312
Non-Agency Mortgage-Backed Securities									0					102,959				0						102,959
Asset-Backed Securities									0					165,913				0						165,913
Sovereign Issues									0					10,697				0						10,697
Short-Term Instruments
	Repurchase Agreements								0					28,857				0						28,857
	U.S. Treasury Bills								0					900				0						900
	U.S. Treasury Cash Management Bills								0					2,794				0						2,794
Total Investments								$	0			$		2,324,891		$		0		$				2,324,891
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared								$	0			$		(222)		$		0		$				(222)
Total Financial Derivative Instruments								$	0			$		(222)		$		0		$				(222)
Totals								$	0			$		2,324,669		$		0		$				2,324,669

There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Schedule of Investments PIMCO Moderate Duration Portfolio June 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 138.1% ¤
CORPORATE BONDS & NOTES 30.6%
BANKING & FINANCE 22.7%
AIA Group Ltd.
3.125% due 03/13/2023	$	1,600	$	1,599
3.375% due 04/07/2030		7,500		7,025
American Express Co.
1.818% (SOFRINDX + 0.720%) due 05/03/2024 ~		2,200		2,185
3.375% due 05/03/2024		9,600		9,540
American Tower Corp.
2.750% due 01/15/2027		6,200		5,675
3.000% due 06/15/2023		5,200		5,147
5.000% due 02/15/2024		300		304
AmFam Holdings, Inc. 2.805% due 03/11/2031		2,100		1,770
Andrew W Mellon Foundation 0.947% due 08/01/2027		13,000		11,418
Aviation Capital Group LLC 4.125% due 08/01/2025		600		571
Banco Santander SA 1.849% due 03/25/2026		2,000		1,801
Bank of America Corp.
1.319% due 06/19/2026 •		6,500		5,917
1.658% due 03/11/2027 •		11,900		10,685
1.734% due 07/22/2027 •		7,200		6,412
1.922% due 10/24/2031 •		2,900		2,319
1.959% (SOFRRATE + 0.970%) due 07/22/2027 ~		3,300		3,150
3.093% due 10/01/2025 •		14,000		13,562
3.194% due 07/23/2030 •		100		90
3.419% due 12/20/2028 •		5,842		5,446
3.593% due 07/21/2028 •		2,500		2,360
Barclays PLC
2.667% due 03/10/2032 •		1,400		1,130
2.852% due 05/07/2026 •		6,000		5,674
2.894% due 11/24/2032 •		8,000		6,439
4.337% due 01/10/2028		10,800		10,331
4.375% due 01/12/2026		2,350		2,330
BNP Paribas SA
1.323% due 01/13/2027 •		4,100		3,628
1.904% due 09/30/2028 •		15,000		12,831
2.871% due 04/19/2032 •		7,050		5,834
3.052% due 01/13/2031 •		4,400		3,799
3.500% due 11/16/2027		1,700		1,588
BOC Aviation Ltd. 3.322% (US0003M + 1.125%) due 09/26/2023 ~		5,000		4,997
BPCE SA
1.000% due 01/20/2026		4,200		3,730
2.375% due 01/14/2025		6,900		6,558
4.500% due 03/15/2025		5,000		4,923
4.625% due 07/11/2024		350		348
5.700% due 10/22/2023		500		508
Brighthouse Financial Global Funding 1.550% due 05/24/2026		2,100		1,876
Brookfield Asset Management, Inc. 4.000% due 01/15/2025		4,000		3,985
Brookfield Finance, Inc.
4.000% due 04/01/2024		800		800
4.350% due 04/15/2030		550		525
Canadian Imperial Bank of Commerce 2.307% (SOFRRATE + 0.800%) due 03/17/2023 ~		4,500		4,499
Chubb INA Holdings, Inc. 2.875% due 11/03/2022		150		150
Citigroup, Inc.
2.572% due 06/03/2031 •(c)		6,600		5,554
2.976% due 11/05/2030 •		3,628		3,170
3.035% (SOFRRATE + 1.528%) due 03/17/2026 ~(c)		5,000		4,969
3.300% due 04/27/2025		6,000		5,893
3.400% due 05/01/2026		1,500		1,451
3.527% (US0003M + 1.250%) due 07/01/2026 ~		8,000		7,842
3.700% due 01/12/2026		3,100		3,043
3.980% due 03/20/2030 •		2,000		1,872
Cooperatieve Rabobank UA 1.339% due 06/24/2026 •		6,000		5,479

Schedule of Investments PIMCO Moderate Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

Credit Agricole SA 3.250% due 10/04/2024	8,600	8,394
Credit Suisse AG 3.625% due 09/09/2024	800	786
Credit Suisse Group AG
2.193% due 06/05/2026 •	8,850	8,033
3.091% due 05/14/2032 •	6,600	5,259
3.800% due 06/09/2023	10,900	10,802
4.550% due 04/17/2026	4,500	4,406
Crown Castle International Corp.
3.200% due 09/01/2024	1,000	980
3.800% due 02/15/2028	1,500	1,417
Danske Bank AS 1.171% due 12/08/2023 •	5,000	4,934
Deutsche Bank AG
2.222% due 09/18/2024 •	5,700	5,499
3.961% due 11/26/2025 •	200	193
4.100% due 01/13/2026	100	98
Discover Bank
3.450% due 07/27/2026	800	757
4.200% due 08/08/2023	6,000	6,023
First American Financial Corp. 2.400% due 08/15/2031	2,100	1,622
GA Global Funding Trust
1.000% due 04/08/2024	12,500	11,800
1.625% due 01/15/2026	1,600	1,451
General Motors Financial Co., Inc.
3.950% due 04/13/2024	2,000	1,987
5.250% due 03/01/2026	5,000	5,014
Goldman Sachs Group, Inc.
1.431% due 03/09/2027 •	14,100	12,522
1.542% due 09/10/2027 •	14,800	13,002
2.640% due 02/24/2028 •	1,475	1,340
3.330% (SOFRRATE + 1.850%) due 03/15/2028 ~	2,500	2,480
3.615% due 03/15/2028 •	500	474
3.691% due 06/05/2028 •	7,175	6,810
3.850% due 01/26/2027	900	871
4.223% due 05/01/2029 •	4,000	3,849
HSBC Holdings PLC
1.645% due 04/18/2026 •	10,000	9,174
2.848% due 06/04/2031 •	1,550	1,311
3.033% due 11/22/2023 •	5,000	4,978
3.803% due 03/11/2025 •	5,200	5,131
3.950% due 05/18/2024 •	6,600	6,573
3.973% due 05/22/2030 •	8,400	7,723
4.180% due 12/09/2025 •	2,000	1,971
4.292% due 09/12/2026 •	1,500	1,468
ING Groep NV
2.521% (SOFRRATE + 1.010%) due 04/01/2027 ~	7,500	7,183
3.550% due 04/09/2024	1,000	992
4.100% due 10/02/2023	5,700	5,719
4.625% due 01/06/2026	6,900	6,897
Invitation Homes Operating Partnership LP 2.000% due 08/15/2031	1,800	1,387
JPMorgan Chase & Co.
1.578% due 04/22/2027 •	12,100	10,788
1.953% due 02/04/2032 •	13,900	11,122
2.739% due 10/15/2030 •	2,700	2,358
3.300% due 04/01/2026	5,000	4,863
3.540% due 05/01/2028 •	1,000	949
3.782% due 02/01/2028 •	2,400	2,307
4.565% due 06/14/2030 •	3,125	3,071
7.625% due 10/15/2026	3,000	3,371
Kimco Realty Corp. 3.800% due 04/01/2027	2,000	1,933
KKR Group Finance Co. LLC 3.750% due 07/01/2029	1,600	1,497
Lazard Group LLC 3.750% due 02/13/2025	856	840
LeasePlan Corp. NV 2.875% due 10/24/2024	2,000	1,917
Lloyds Banking Group PLC
2.907% due 11/07/2023 •	2,600	2,591
3.574% due 11/07/2028 •	7,800	7,305
4.450% due 05/08/2025	11,200	11,225
4.550% due 08/16/2028	2,000	1,956
LSEGA Financing PLC 2.000% due 04/06/2028	1,400	1,228
Metropolitan Life Global Funding 1.875% due 01/11/2027	5,500	4,986
Mitsubishi UFJ Financial Group, Inc.
1.412% due 07/17/2025	15,000	13,793
2.048% due 07/17/2030	6,000	4,898
2.757% due 09/13/2026	2,450	2,294
2.801% due 07/18/2024	4,400	4,289
3.850% due 03/01/2026	300	294

Schedule of Investments PIMCO Moderate Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

Mizuho Financial Group, Inc.
1.979% due 09/08/2031 •	2,000	1,585
2.172% due 05/22/2032 •	15,450	12,254
2.721% (US0003M + 1.000%) due 09/11/2024 ~	700	699
3.477% due 04/12/2026	7,000	6,737
Morgan Stanley
2.239% due 07/21/2032 •	1,100	892
2.475% due 01/21/2028 •	27,150	24,702
3.591% due 07/22/2028 •	3,000	2,843
4.100% due 05/22/2023	2,200	2,210
National Australia Bank Ltd. 3.625% due 06/20/2023	5,900	5,941
Nationwide Building Society 4.363% due 08/01/2024 •	5,800	5,809
Natwest Group PLC
0.000% due 03/22/2025 •	6,000	5,943
0.000% due 06/14/2027 •	10,000	8,785
4.800% due 04/05/2026	9,000	8,982
Nissan Motor Acceptance Co. LLC
2.650% due 07/13/2022	2,700	2,700
2.750% due 03/09/2028	3,400	2,846
Nomura Holdings, Inc. 2.648% due 01/16/2025	5,300	5,062
Pacific Life Global Funding II 1.200% due 06/24/2025	75	69
Protective Life Global Funding 1.618% due 04/15/2026	6,400	5,775
RGA Global Funding 2.700% due 01/18/2029	2,500	2,214
Santander Holdings USA, Inc.
3.400% due 01/18/2023	1,200	1,198
4.500% due 07/17/2025	400	397
Santander U.K. Group Holdings PLC
1.532% due 08/21/2026 •	5,000	4,483
1.673% due 06/14/2027 •	3,200	2,797
2.469% due 01/11/2028 •	2,700	2,388
3.373% due 01/05/2024 •	2,000	1,991
3.823% due 11/03/2028 •	4,000	3,717
4.796% due 11/15/2024 •	3,250	3,252
Santander U.K. PLC
4.000% due 03/13/2024	1,100	1,102
5.000% due 11/07/2023	312	315
SBA Tower Trust 1.884% due 07/15/2050	8,000	7,395
Simon Property Group LP 3.375% due 10/01/2024	900	888
SMBC Aviation Capital Finance DAC 3.000% due 07/15/2022	600	600
Societe Generale SA
2.625% due 01/22/2025	3,200	3,045
4.000% due 01/12/2027	2,000	1,905
Standard Chartered PLC
0.991% due 01/12/2025 •	1,000	945
1.319% due 10/14/2023 •	10,600	10,525
2.678% due 06/29/2032 •	2,900	2,330
State Street Corp. 2.354% due 11/01/2025 •	1,600	1,540
Sumitomo Mitsui Financial Group, Inc.
1.904% (US0003M + 0.860%) due 07/19/2023 ~	400	400
2.348% due 01/15/2025	3,000	2,873
2.632% due 07/14/2026	3,300	3,087
2.696% due 07/16/2024	9,700	9,443
2.784% due 07/12/2022	2,100	2,100
3.040% due 07/16/2029	7,500	6,684
Svenska Handelsbanken AB 1.418% due 06/11/2027 •	11,100	9,899
UBS Group AG
2.095% due 02/11/2032 •	12,000	9,540
2.859% due 08/15/2023 •	1,768	1,767
4.125% due 09/24/2025	2,550	2,534
Ventas Realty LP 4.125% due 01/15/2026	4,000	3,962
Wells Fargo & Co.
2.188% due 04/30/2026 •	300	281
2.393% due 06/02/2028 •	2,800	2,510
3.000% due 02/19/2025	6,000	5,871
3.000% due 04/22/2026	2,300	2,193
3.000% due 10/23/2026	2,600	2,455
3.300% due 09/09/2024	9,000	8,889
3.550% due 09/29/2025	4,200	4,131
3.584% due 05/22/2028 •	1,930	1,833
4.478% due 04/04/2031 •	10,000	9,790

Schedule of Investments PIMCO Moderate Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

Welltower, Inc. 4.250% due 04/01/2026	4,000	3,962
		754,982
INDUSTRIALS 4.9%
AbbVie, Inc.
3.200% due 11/06/2022	1,400	1,401
3.200% due 05/14/2026	200	193
Adventist Health System 2.952% due 03/01/2029	4,299	3,944
Air Canada Pass-Through Trust 3.750% due 06/15/2029	391	370
Alibaba Group Holding Ltd. 2.125% due 02/09/2031	7,000	5,795
American Airlines Pass-Through Trust
2.875% due 01/11/2036	1,600	1,367
3.375% due 11/01/2028	3,929	3,529
3.650% due 02/15/2029	2,348	2,194
4.000% due 01/15/2027	1,457	1,342
Apple, Inc.
1.700% due 09/11/2022	8,000	8,005
2.400% due 05/03/2023	586	583
Ashtead Capital, Inc. 1.500% due 08/12/2026	1,300	1,136
BAT International Finance PLC
1.668% due 03/25/2026	1,400	1,241
3.950% due 06/15/2025	5,000	4,908
Bon Secours Mercy Health, Inc. 3.464% due 06/01/2030	12,000	11,267
BP Capital Markets America, Inc. 2.750% due 05/10/2023	2,200	2,196
British Airways Pass-Through Trust
2.900% due 09/15/2036	698	617
4.625% due 12/20/2025	131	129
Broadcom, Inc. 4.110% due 09/15/2028	4,078	3,874
Campbell Soup Co. 3.650% due 03/15/2023	86	86
CHRISTUS Health 4.341% due 07/01/2028	3,000	3,014
CommonSpirit Health 2.782% due 10/01/2030	4,700	4,067
Continental Airlines Pass-Through Trust 4.000% due 04/29/2026	346	333
CVS Health Corp.
3.750% due 04/01/2030	5,700	5,337
4.300% due 03/25/2028	438	434
CVS Pass-Through Trust 7.507% due 01/10/2032	1,081	1,179
Dell International LLC
5.450% due 06/15/2023	560	566
6.020% due 06/15/2026	1,000	1,040
Enbridge, Inc. 2.900% due 07/15/2022	3,800	3,800
Entergy Louisiana LLC 0.620% due 11/17/2023	1,209	1,165
Expedia Group, Inc. 6.250% due 05/01/2025	2,042	2,106
Georgetown University 2.247% due 04/01/2030	4,500	3,870
Gilead Sciences, Inc. 2.500% due 09/01/2023	393	389
Humana, Inc. 0.650% due 08/03/2023	9,600	9,293
Hyundai Capital America 0.800% due 04/03/2023	4,100	4,001
Imperial Brands Finance PLC
3.125% due 07/26/2024	5,500	5,330
3.500% due 02/11/2023	3,800	3,780
JetBlue Pass-Through Trust 2.750% due 11/15/2033	7,122	6,185
Olympus Corp. 2.143% due 12/08/2026	800	731
Oracle Corp.
1.650% due 03/25/2026 (c)	200	179
2.650% due 07/15/2026	400	369
2.950% due 11/15/2024	2,000	1,940
Owens Corning
3.400% due 08/15/2026	600	574
4.200% due 12/01/2024	400	400
Panasonic Holdings Corp. 2.536% due 07/19/2022	2,000	2,000
PeaceHealth Obligated Group 1.375% due 11/15/2025	3,100	2,857

Schedule of Investments PIMCO Moderate Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

Petronas Capital Ltd. 3.500% due 04/21/2030	5,500	5,179
Philip Morris International, Inc. 2.125% due 05/10/2023	700	694
Reliance Steel & Aluminum Co. 1.300% due 08/15/2025	4,400	4,012
Reynolds American, Inc. 4.850% due 09/15/2023	2,800	2,829
Sabine Pass Liquefaction LLC
5.625% due 04/15/2023	2,000	2,020
5.625% due 03/01/2025	5,000	5,106
Sutter Health
2.294% due 08/15/2030	7,700	6,618
3.695% due 08/15/2028	4,300	4,205
United Airlines Pass-Through Trust
2.700% due 11/01/2033	1,820	1,557
3.100% due 01/07/2030	915	838
3.450% due 01/07/2030	686	596
4.550% due 08/25/2031	3,826	3,430
5.875% due 04/15/2029	7,791	7,669
		163,869
UTILITIES 3.0%
American Electric Power Co., Inc.
0.750% due 11/01/2023	4,700	4,523
1.766% (US0003M + 0.480%) due 11/01/2023 ~	5,600	5,561
AT&T, Inc. 4.300% due 02/15/2030	5,699	5,566
Atmos Energy Corp. 2.070% (US0003M + 0.380%) due 03/09/2023 ~	3,300	3,293
Black Hills Corp. 1.037% due 08/23/2024	10,100	9,451
Israel Electric Corp. Ltd. 3.750% due 02/22/2032	2,300	2,062
National Rural Utilities Cooperative Finance Corp. 2.700% due 02/15/2023	8,500	8,484
NBN Co. Ltd. 1.450% due 05/05/2026	9,000	8,129
Pacific Gas & Electric Co.
1.367% due 03/10/2023	2,400	2,364
3.000% due 06/15/2028	2,400	2,071
3.300% due 03/15/2027	3,000	2,690
4.950% due 06/08/2025	2,000	1,963
5.450% due 06/15/2027	3,500	3,390
PacifiCorp 2.950% due 06/01/2023	200	199
Sempra Energy 3.400% due 02/01/2028	2,000	1,891
Southern California Edison Co.
0.700% due 04/03/2023	8,600	8,407
0.700% due 08/01/2023	4,000	3,878
0.975% due 08/01/2024	4,000	3,774
3.500% due 10/01/2023	2,130	2,129
Southern California Gas Co. 2.095% (US0003M + 0.350%) due 09/14/2023 ~	5,000	4,970
Texas Electric Market Stabilization Funding N LLC
4.265% due 08/01/2036	10,900	10,831
4.966% due 02/01/2044	4,600	4,636
		100,262
Total Corporate Bonds & Notes (Cost $1,107,724)		1,019,113
MUNICIPAL BONDS & NOTES 4.9%
ALABAMA 0.0%
Alabama Economic Settlement Authority Revenue Bonds, Series 2016 4.263% due 09/15/2032	1,545	1,542
CALIFORNIA 1.5%
Bay Area Toll Authority, California Revenue Bonds, Series 2019 2.574% due 04/01/2031	8,500	7,778
California State University Revenue Notes, Series 2020
1.338% due 11/01/2027	1,000	882
1.490% due 11/01/2028	5,400	4,663
1.690% due 11/01/2029	4,400	3,745
1.740% due 11/01/2030	2,600	2,168
Fresno County, California Revenue Bonds, (NPFGC Insured), Series 2004 0.000% due 08/15/2030 (b)	4,200	3,004
Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021
1.711% due 06/01/2024	3,300	3,174
2.332% due 06/01/2027	8,000	7,329
Los Angeles County, California Redevelopment Refunding Authority Redev Agency Successor Agy Tax Allocation Notes, Series 2016 2.000% due 09/01/2023	400	393

Schedule of Investments PIMCO Moderate Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

Marin County, California Revenue Bonds, (NPFGC Insured), Series 2003 5.410% due 08/01/2026	2,495	2,619
Monterey Park, California Revenue Notes, Series 2021
1.630% due 06/01/2028	250	220
1.893% due 06/01/2030	300	257
Riverside, California Electric Revenue Bonds, (BABs), Series 2010 7.605% due 10/01/2040	500	673
San Francisco, California Public Utilities Commission Water Revenue Bonds, (BABs), Series 2010 5.500% due 11/01/2025	5,210	5,399
University of California Revenue Notes, Series 2017
2.719% due 05/15/2024	500	493
3.063% due 07/01/2025	5,200	5,155
University of California Revenue Notes, Series 2020 1.316% due 05/15/2027	1,200	1,077
		49,029
FLORIDA 0.0%
Miami-Dade County, Florida Aviation Revenue Notes, Series 2018 3.405% due 10/01/2024	300	297
Miami-Dade County, Florida Revenue Notes, Series 2021 1.936% due 10/01/2028	1,000	881
		1,178
GEORGIA 0.0%
Cobb-Marietta Coliseum & Exhibit Hall Authority, Georgia Revenue Notes, Series 2015 2.800% due 07/01/2022	1,080	1,080
HAWAII 0.4%
Hawaii State General Obligation Notes, Series 2020
0.802% due 10/01/2024	10,670	10,092
0.852% due 10/01/2025	3,850	3,556
		13,648
IDAHO 0.2%
Idaho Energy Resources Authority Revenue Notes, Series 2017
2.297% due 09/01/2023	2,100	2,079
2.447% due 09/01/2024	4,400	4,307
		6,386
KANSAS 0.1%
Wyandotte County-Kansas City Unified Government Utility System Revenue Notes, Series 2020
1.861% due 09/01/2028	2,000	1,781
1.961% due 09/01/2029	600	525
		2,306
MICHIGAN 0.1%
Michigan Finance Authority Revenue Notes, Series 2019
2.466% due 12/01/2025	1,100	1,061
2.596% due 12/01/2026	1,400	1,337
		2,398
NEW JERSEY 0.1%
New Jersey Economic Development Authority Revenue Bonds, (AGM Insured), Series 1997 0.000% due 02/15/2024 (b)	4,300	4,068
NEW YORK 1.4%
Metropolitan Transportation Authority, New York Revenue Bonds, (BABs), Series 2010
5.355% due 11/15/2023	600	615
6.814% due 11/15/2040	500	606
New York City Transitional Finance Authority Future Tax Secured, New York Revenue Bonds, (BABs), Series 2010 4.525% due 11/01/2022	9,000	9,063
New York City Transitional Finance Authority Future Tax Secured, New York Revenue Bonds, Series 2010 5.008% due 08/01/2027	900	951
New York City Transitional Finance Authority Future Tax Secured, New York Revenue Notes, Series 2018 3.250% due 08/01/2023	805	806
New York City Transitional Finance Authority Future Tax Secured, New York Revenue Notes, Series 2019
2.010% due 05/01/2025	3,000	2,884
2.980% due 11/01/2027	7,000	6,721
New York State Dormitory Authority Revenue Notes, Series 2019 2.839% due 07/01/2022	1,000	1,000
New York State Dormitory Authority Revenue Notes, Series 2020 2.727% due 02/15/2029	2,145	1,985
New York State Thruway Authority Revenue Bonds, Series 2019 2.900% due 01/01/2035	2,100	1,841
New York State Urban Development Corp. Revenue Notes, Series 2019 2.150% due 03/15/2025	5,600	5,415
New York State Urban Development Corp. Revenue Notes, Series 2020
1.496% due 03/15/2027	9,400	8,482

Schedule of Investments PIMCO Moderate Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

1.777% due 03/15/2028	4,000	3,571
Port Authority of New York & New Jersey Revenue Bonds, Series 2009 5.859% due 12/01/2024	2,500	2,640
		46,580
OHIO 0.2%
JobsOhio Beverage System Revenue Bonds, Series 2013 3.985% due 01/01/2029	6,035	6,009
SOUTH DAKOTA 0.1%
Educational Enhancement Funding Corp., South Dakota Revenue Notes, Series 2021
1.245% due 06/01/2025	1,800	1,671
1.495% due 06/01/2026	2,500	2,264
		3,935
TEXAS 0.2%
North Texas Tollway Authority Revenue Notes, Series 2020 1.464% due 01/01/2027	2,750	2,489
Texas Transportation Commission State Highway Fund Revenue Bonds, (BABs), Series 2010 5.028% due 04/01/2026	2,205	2,277
Texas Transportation Commission State Highway Fund Revenue Bonds, Series 2020 4.000% due 10/01/2033	2,500	2,486
		7,252
UTAH 0.1%
Utah Municipal Power Agency Revenue Bonds, Series 2016 3.237% due 07/01/2028	2,000	1,923
Utah State General Obligation Bonds, (BABs), Series 2009 4.554% due 07/01/2024	415	421
Utah State General Obligation Bonds, (BABs), Series 2010 3.539% due 07/01/2025	500	503
		2,847
WEST VIRGINIA 0.3%
Tobacco Settlement Finance Authority, West Virginia Revenue Notes, Series 2020
1.820% due 06/01/2026	3,300	3,007
2.020% due 06/01/2027	4,400	3,926
2.351% due 06/01/2028	3,000	2,652
		9,585
WISCONSIN 0.2%
Wisconsin State Revenue Notes, Series 2020
2.196% due 05/01/2027	3,300	3,091
2.299% due 05/01/2028	2,100	1,940
		5,031
Total Municipal Bonds & Notes (Cost $175,476)		162,874
U.S. GOVERNMENT AGENCIES 38.7%
Fannie Mae
0.750% due 11/25/2050	16,537	13,299
1.200% due 11/25/2046 •	234	232
1.200% (US0001M + 0.400%) due 11/25/2046 ~	267	264
1.220% (US0001M + 0.420%) due 11/25/2046 ~	2,456	2,439
1.220% due 12/25/2056 •	1,706	1,694
1.240% (US0001M + 0.440%) due 12/25/2046 ~	3,039	3,020
1.250% due 07/25/2046 - 10/25/2046 •	4,330	4,306
1.300% (US0001M + 0.500%) due 01/25/2047 ~	2,804	2,785
1.406% due 03/25/2036 •	386	383
1.864% (US0001M + 0.240%) due 06/25/2037 ~	178	176
1.874% due 07/01/2034 •	154	158
1.874% (US0001M + 0.250%) due 11/25/2045 ~	462	457
1.924% (US0001M + 0.300%) due 12/25/2045 ~	287	285
1.974% (US0001M + 0.350%) due 03/25/2035 ~	32	32
1.974% due 03/25/2046 •	507	504
2.354% due 06/25/2040 •	177	179
2.405% due 10/01/2037 •	216	224
Freddie Mac
1.000% due 12/15/2040 - 05/25/2047	32,947	30,384
1.150% due 10/15/2037 - 10/15/2040 •	5,494	5,510
1.150% (US0001M + 0.350%) due 08/15/2040 ~	1,446	1,428
1.240% due 07/15/2040 •	2,549	2,521
1.250% due 12/15/2044	1,844	1,628
1.300% due 07/15/2041 •	4,159	4,122
1.300% (US0001M + 0.500%) due 03/15/2042 ~	2,868	2,842
1.624% due 09/15/2035 •	9	9
1.724% due 02/15/2041 •	210	210
1.774% due 04/15/2041 •	62	62
1.794% due 11/15/2036 •	57	57

Schedule of Investments PIMCO Moderate Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

1.874% (US0001M + 0.550%) due 04/15/2041 ~	257	258
1.874% due 04/15/2041 •	257	258
2.491% due 12/25/2028	5,237	5,060
2.500% due 09/25/2048	5,164	4,942
3.000% due 10/01/2046 - 05/01/2048	15,894	14,970
3.443% (TSFR1M + 2.164%) due 07/15/2035 ~	703	700
3.500% due 06/01/2044 - 10/01/2048	1,127	1,103
4.000% due 09/01/2048 - 05/01/2049	10,701	10,716
4.500% due 10/01/2048 - 02/01/2049	4,379	4,425
Ginnie Mae
0.908% due 09/20/2065 •	3,916	3,884
1.253% due 08/20/2066 •	1	1
1.343% due 07/20/2063 •	1,444	1,435
1.373% (US0001M + 0.570%) due 06/20/2065 ~	8,085	8,027
1.403% due 03/20/2065 •	3,612	3,584
1.453% (US0001M + 0.650%) due 12/20/2064 - 06/20/2066 ~	8,217	8,166
1.453% due 11/20/2065 •	2,592	2,581
1.483% due 08/20/2061 •	1	1
1.500% due 10/20/2045	6,490	5,823
1.533% due 09/20/2063 •	161	161
1.553% (US0001M + 0.750%) due 10/20/2063 ~	172	172
1.553% due 09/20/2065 •	307	306
1.573% due 02/20/2066 •	33	33
1.603% due 05/20/2066 •	3,507	3,493
1.683% due 04/20/2066 •	6,231	6,207
1.703% (US0001M + 0.900%) due 04/20/2066 ~	6,355	6,335
1.723% due 07/20/2065 •	272	272
1.753% (US0001M + 0.950%) due 12/20/2066 ~	5,151	5,154
1.803% (US0001M + 1.000%) due 01/20/2067 ~	5,067	5,074
1.953% due 03/20/2066 •	2,405	2,409
3.000% due 01/20/2067	5,957	5,869
3.500% due 09/20/2045	1,716	1,696
Ginnie Mae, TBA 2.500% due 07/01/2052	120,300	110,131
Tennessee Valley Authority STRIPS 7.125% due 05/01/2030	10,000	12,575
Uniform Mortgage-Backed Security
3.000% due 01/01/2035 - 03/01/2050	21,547	20,401
3.500% due 03/01/2024 - 07/01/2048	9,751	9,671
4.000% due 05/01/2047 - 09/01/2048	5,892	5,899
4.500% due 08/01/2048	5,055	5,092
5.000% due 04/01/2023 - 11/01/2044	2,173	2,276
5.500% due 04/01/2023 - 02/01/2042	953	1,015
Uniform Mortgage-Backed Security, TBA
1.500% due 08/01/2052	23,800	19,751
2.500% due 08/01/2052	137,900	123,912
3.000% due 07/01/2052 - 08/01/2052	596,174	554,967
3.500% due 07/01/2052 - 08/01/2052	205,500	197,502
4.000% due 04/01/2052 - 07/01/2052	32,200	31,732
Total U.S. Government Agencies (Cost $1,299,700)		1,287,249
U.S. TREASURY OBLIGATIONS 17.9%
U.S. Treasury Notes
0.750% due 01/31/2028	50,000	44,047
1.125% due 02/29/2028	42,800	38,493
1.250% due 04/30/2028	21,500	19,397
1.375% due 11/15/2031	15,600	13,533
1.875% due 02/15/2032	157,800	142,982
2.500% due 03/31/2027	231,200	225,601
2.875% due 04/30/2029	60,000	59,306
2.875% due 05/15/2032	51,700	51,126
Total U.S. Treasury Obligations (Cost $621,860)		594,485
NON-AGENCY MORTGAGE-BACKED SECURITIES 9.7%
225 Liberty Street Trust 3.597% due 02/10/2036	1,200	1,152
AREIT Trust
2.021% (SOFR30A + 1.250%) due 01/16/2037 ~	6,000	5,765
2.603% due 11/17/2038 •	4,820	4,646
2.718% due 09/14/2036 •	530	519
3.242% due 06/17/2039 •	3,200	3,177
Banc of America Commercial Mortgage Trust 3.441% due 09/15/2048	4,174	4,089
BANK
1.805% due 11/15/2053	6,000	5,291
2.808% due 10/17/2052	1,600	1,510
2.897% due 11/15/2062	3,728	3,519
2.933% due 09/15/2062	10,300	9,726
3.432% due 05/15/2062	2,000	1,939
3.623% due 04/15/2052	2,500	2,449
Benchmark Mortgage Trust
2.615% due 12/15/2054	1,626	1,480
2.888% due 08/15/2057	4,319	4,083
2.957% due 12/15/2062	6,100	5,763

Schedule of Investments PIMCO Moderate Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

3.780% due 02/15/2051 ~	1,100	1,092
4.232% due 01/15/2052	5,700	5,681
BX Commercial Mortgage Trust 2.054% due 10/15/2036 •	1,600	1,524
BXMT Ltd. 2.288% (SOFR30A + 1.514%) due 11/15/2037 ~	8,000	7,920
Cantor Commercial Real Estate Lending 2.817% due 11/15/2052	8,300	7,844
Citigroup Commercial Mortgage Trust
3.024% due 09/10/2045	234	234
3.962% due 03/10/2051	4,800	4,774
Commercial Mortgage Trust
2.873% due 08/15/2057	1,700	1,607
3.091% due 10/10/2049	3,700	3,529
3.432% due 08/10/2048	1,347	1,315
3.497% due 05/10/2048	1,500	1,472
3.510% due 09/10/2050	4,200	4,055
3.694% due 08/10/2047	2,200	2,175
3.796% due 08/10/2047	3,250	3,217
3.902% due 07/10/2050	2,200	2,176
4.228% due 05/10/2051	3,800	3,769
Credit Suisse Commercial Mortgage Trust 2.291% due 06/15/2034 •	135	131
Credit Suisse Mortgage Capital Trust 2.674% (US0001M + 1.350%) due 10/15/2037 ~	5,300	5,159
CSAIL Commercial Mortgage Trust
2.957% due 09/15/2052	9,031	8,566
3.808% due 11/15/2048	5,600	5,523
DBUBS Mortgage Trust 3.452% due 10/10/2034	6,100	5,931
Extended Stay America Trust 2.405% (US0001M + 1.080%) due 07/15/2038 ~	25,742	25,136
GPMT Ltd. 2.862% (US0001M + 1.250%) due 07/16/2035 ~	7,825	7,698
GS Mortgage Securities Corp. Trust 3.419% due 10/10/2032	5,000	4,989
GS Mortgage Securities Trust
3.396% due 02/10/2048	2,600	2,555
3.801% due 01/10/2047	2,340	2,323
3.871% due 07/10/2046 ~	7,000	6,965
HPLY Trust 2.324% due 11/15/2036 •	4,267	4,145
Independence Plaza Trust 3.763% due 07/10/2035	3,300	3,207
JP Morgan Chase Commercial Mortgage Securities Trust 2.174% (US0001M + 0.850%) due 12/15/2036 ~	6,000	5,886
JPMBB Commercial Mortgage Securities Trust
3.144% due 06/15/2049	2,900	2,787
3.611% due 05/15/2048	2,000	1,959
3.639% due 11/15/2047	3,000	2,959
3.670% due 09/15/2047	1,690	1,669
3.801% due 08/15/2048	1,381	1,350
JPMDB Commercial Mortgage Securities Trust
2.982% due 11/13/2052	3,200	3,041
2.994% due 12/15/2049	267	261
LUXE Commercial Mortgage Trust
2.305% due 11/15/2038 •	3,200	3,081
2.374% due 10/15/2038 •	3,000	2,894
MF1 Multifamily Housing Mortgage Loan Trust 2.298% due 07/15/2036 •	13,863	13,699
Morgan Stanley Bank of America Merrill Lynch Trust 3.306% due 04/15/2048	2,000	1,945
Morgan Stanley Capital Trust
2.493% due 12/15/2023 •	8,300	8,007
2.606% due 08/15/2049	1,151	1,118
3.067% due 11/15/2052	6,200	5,887
3.587% due 12/15/2050	700	675
3.809% due 12/15/2048	2,000	1,966
NYO Commercial Mortgage Trust 2.420% due 11/15/2038 •	14,300	13,703
PFP Ltd.
2.509% due 08/09/2037 •	8,400	8,004
2.559% due 04/14/2037 •	75	74
Ready Capital Mortgage Financing LLC 2.624% due 04/25/2038 •	3,969	3,838
SFO Commercial Mortgage Trust 2.474% due 05/15/2038 •	7,100	6,798
SREIT Trust 2.024% due 10/15/2038 •	3,500	3,330
UBS Commercial Mortgage Trust
2.866% due 10/15/2052	7,069	6,654
2.987% due 12/15/2052	930	883
3.366% due 10/15/2050	2,700	2,646
3.504% due 12/15/2050	8,400	8,239
3.903% due 02/15/2051	3,500	3,479
4.195% due 08/15/2051	1,200	1,197

Schedule of Investments PIMCO Moderate Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

VMC Finance LLC 2.712% due 06/16/2036 •	3,000	2,927
Wells Fargo Commercial Mortgage Trust
2.651% due 02/15/2053	1,400	1,302
2.652% due 08/15/2049	1,600	1,508
2.788% due 07/15/2048	196	191
3.306% due 05/15/2048	151	150
3.311% due 06/15/2052	4,750	4,453
3.461% due 07/15/2058	553	549
3.540% due 05/15/2048	1,500	1,471
4.147% due 06/15/2051	1,400	1,398
Total Non-Agency Mortgage-Backed Securities (Cost $340,103)		321,798
ASSET-BACKED SECURITIES 7.6%
ACREC Ltd. 2.762% due 10/16/2036 •	4,400	4,205
Anchorage Capital CLO Ltd.
2.184% (US0003M + 1.140%) due 07/15/2032 ~	15,500	15,128
2.276% due 07/22/2032 •	4,000	3,888
Apex Credit CLO Ltd. 3.086% due 09/20/2029 •	3,790	3,734
Apidos CLO 1.944% (US0003M + 0.900%) due 07/18/2029 ~	900	886
Apres Static CLO Ltd. 2.114% due 10/15/2028 •	6,965	6,939
Arbor Realty Commercial Real Estate Notes Ltd. 2.674% (US0001M + 1.350%) due 11/15/2036 ~	8,900	8,628
Ares CLO Ltd.
2.094% due 04/18/2031 •	10,200	9,950
2.186% (US0003M + 1.050%) due 04/22/2031 ~	6,000	5,854
BDS Ltd. 2.962% due 12/16/2036 •	4,000	3,840
Birch Grove CLO Ltd. 2.959% due 06/15/2031 •	1,200	1,180
Carlyle U.S. CLO Ltd. 2.063% (US0003M + 1.000%) due 04/20/2031 ~	4,500	4,417
Carrington Mortgage Loan Trust 2.183% due 10/20/2029 •	3,676	3,630
Catamaran CLO Ltd. 2.236% due 04/22/2030 •	14,724	14,532
CLNC Ltd. 2.874% (TSFR1M + 1.364%) due 08/20/2035 ~	7,381	7,234
ECMC Group Student Loan Trust
2.374% due 02/27/2068 •	4,200	4,024
2.424% due 09/25/2068 •	5,526	5,412
2.624% due 01/27/2070 •	8,559	8,373
2.674% (US0001M + 1.050%) due 05/25/2067 ~	3,303	3,235
Gallatin CLO Ltd. 2.134% due 07/15/2031 •	3,180	3,115
GPMT Ltd.
2.926% due 02/22/2036 •	575	574
2.992% (US0001M + 1.350%) due 12/15/2036 ~	1,500	1,453
KKR CLO Ltd. 1.984% due 07/18/2030 •	1,900	1,870
LCCM Trust 2.524% due 12/13/2038 •	1,000	980
LoanCore Issuer Ltd. 2.624% (US0001M + 1.300%) due 11/15/2038 ~	6,100	5,868
MF1 Ltd. 3.148% (TSFR1M + 1.814%) due 11/15/2035 ~	7,800	7,774
Mountain View CLO LLC 2.134% (US0003M + 1.090%) due 10/16/2029 ~	1,941	1,917
Navient Student Loan Trust
2.004% due 03/25/2067 •	1,210	1,206
2.424% due 07/26/2066 •	3,106	3,010
Nelnet Student Loan Trust 2.224% (US0001M + 0.600%) due 03/25/2030 ~	892	887
Oaktree CLO Ltd. 2.183% due 10/20/2032 •	1,500	1,457
OCP CLO Ltd. 2.183% (US0003M + 1.120%) due 07/20/2029 ~	4,154	4,107
OSD CLO Ltd. 1.914% due 04/17/2031 •	7,400	7,238
OZLM Ltd. 2.223% due 07/20/2032 •	5,200	5,080
Palmer Square Loan Funding Ltd. 1.863% (US0003M + 0.800%) due 07/20/2029 ~	7,082	6,994
Rad CLO Ltd. 2.304% (US0003M + 1.120%) due 07/24/2032 ~	2,800	2,722
Romark CLO Ltd. 2.214% (US0003M + 1.030%) due 10/23/2030 ~	4,000	3,929
Saranac CLO Ltd. 2.584% due 08/13/2031 •	2,000	1,959
SBA Tower Trust 3.869% due 10/15/2049 þ	1,700	1,674

Schedule of Investments PIMCO Moderate Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

Shackleton CLO Ltd. 1.983% due 10/20/2027 •	1,232		1,225
SLC Student Loan Trust
1.471% (US0003M + 0.060%) due 05/15/2029 ~	2,042		2,013
1.939% (US0003M + 0.110%) due 03/15/2027 ~	57		57
2.399% due 11/25/2042 •	646		640
SLM Student Loan Trust
1.304% due 01/25/2027 •	381		379
1.324% due 10/25/2028 •	2,476		2,444
1.784% (US0003M + 0.600%) due 10/25/2029 ~	2,185		2,170
Starwood Commercial Mortgage Trust 2.723% (US0001M + 1.200%) due 04/18/2038 ~	10,000		9,873
TICP CLO Ltd. 1.903% (US0003M + 0.840%) due 04/20/2028 ~	1,660		1,641
TPG Real Estate Finance Issuer Ltd.
2.424% due 02/15/2039 •	5,000		4,872
2.742% (TSFR1M + 1.264%) due 10/15/2034 ~	4,978		4,947
Venture CLO Ltd.
1.924% due 07/15/2027 •	500		500
2.053% due 07/20/2030 •	10,700		10,529
2.083% due 04/20/2029 •	2,889		2,852
2.113% due 07/20/2030 •	4,100		4,051
2.446% due 07/30/2032 •	3,000		2,918
Vibrant CLO Ltd. 2.183% (US0003M + 1.120%) due 07/20/2032 ~	10,300		10,009
Voya CLO Ltd. 1.994% due 04/17/2030 •	7,900		7,802
Wellfleet CLO Ltd. 1.953% due 04/20/2029 •	5,301		5,264
Total Asset-Backed Securities (Cost $258,140)			253,089
SOVEREIGN ISSUES 0.2%
Export-Import Bank of Korea 1.875% due 02/12/2025	6,400		6,144
Qatar Government International Bond 3.875% due 04/23/2023	1,900		1,909
Total Sovereign Issues (Cost $8,337)			8,053
SHORT-TERM INSTRUMENTS 28.5%
REPURCHASE AGREEMENTS (d) 21.2%			705,982
U.S. TREASURY BILLS 7.3%
0.812% due 07/07/2022 - 09/01/2022 (a)(b)	244,900		244,757
Total Short-Term Instruments (Cost $950,762)			950,739
Total Investments in Securities (Cost $4,762,102)			4,597,400
Total Investments 138.1% (Cost $4,762,102)		$	4,597,400
Financial Derivative Instruments(e)(g)(0.0)%(Cost or Premiums, net $727)			(28)
Other Assets and Liabilities, net (38.1)%			(1,267,523)
Net Assets 100.0%		$	3,329,849

Schedule of Investments PIMCO Moderate Duration Portfolio(Cont.) June 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.
~	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)	Coupon represents a weighted average yield to maturity.
(b)	Zero coupon security.
(c)	RESTRICTED SECURITIES:
Issuer Description												Coupon					Maturity Date						Acquisition Date											Cost																		Market Value											Market Value as Percentage of Net Assets
Citigroup, Inc.											2.572					%	06/03/2031						05/26/2020								$			6,600										$								5,554											0.16				%
Citigroup, Inc.											3.035						03/17/2026						03/10/2022											5,000																		4,969											0.15
Oracle Corp.											1.650						03/25/2026						03/22/2021											200																		179											0.01
																														$			11,800										$								10,702											0.32%
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)
BOS			1.520%	07/01/2022			07/05/2022		$	253,900								U.S. Treasury Bonds 2.875% due 05/15/2049																				$				(260,099)								$							253,900				$				253,900
FICC			0.400	06/30/2022			07/01/2022			782								U.S. Treasury Notes 3.000% due 06/30/2024																								(798)															782								782
			1.450	06/30/2022			07/01/2022			251,300								U.S. Treasury Bonds 4.250% due 11/15/2040																								(202,773)															251,300								251,310
																		U.S. Treasury Notes 3.250% due 06/30/2029																								(53,553)
MBC			1.490	06/30/2022			07/07/2022			200,000								U.S. Treasury Bonds 2.000% due 02/15/2050																								(75,942)															200,000								200,008
																		U.S. Treasury Notes 0.625% - 2.250% due 08/15/2027 - 08/15/2030																								(131,544)
Total Repurchase Agreements																																						$				(724,709)								$							705,982				$				706,000
SHORT SALES:
Description																								Coupon			Maturity Date								Principal Amount											Proceeds															Payable for Short Sales
U.S. Government Agencies (2.1)%
Uniform Mortgage-Backed Security, TBA																								3.000%			07/01/2052					$					76,074								$									(70,808)				$							(70,874)
Total Short Sales (2.1)%																																													$									(70,808)				$							(70,874)
(1)	Includes accrued interest.
(e)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION(1)
																																															Variation Margin
Reference Entity		Fixed Receive Rate			Payment Frequency	Maturity Date		Implied Credit Spread at June 30, 2022(2)							Notional Amount(3)						Premiums Paid/ (Received)							Unrealized Appreciation/ (Depreciation)											Market Value(4)																Asset										Liability
AT&T, Inc.		1.000%			Quarterly	06/20/2025		1.061					%	$	3,900				$		(147)				$			141							$				(6)									$							0				$						(3)
AT&T, Inc.		1.000			Quarterly	12/20/2025		1.108							900						12							(14)											(2)																0										(1)
AT&T, Inc.		1.000			Quarterly	06/20/2026		1.142							3,800						58							(77)											(19)																0										(3)
AT&T, Inc.		1.000			Quarterly	12/20/2026		1.227							900						8							(16)											(8)																0										(1)
Boeing Co.		1.000			Quarterly	06/20/2023		1.520							5,700						22							(49)											(27)																0										(1)
Boeing Co.		1.000			Quarterly	12/20/2026		2.445							3,500						(22)							(176)											(198)																0										(5)
General Electric Co.		1.000			Quarterly	12/20/2026		1.700							1,800						24							(74)											(50)																0										(2)
																				$		(45)				$			(265)							$				(310)									$							0				$						(16)

Schedule of Investments PIMCO Moderate Duration Portfolio(Cont.) June 30, 2022 (Unaudited)

CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION(1)
																					Variation Margin
Index/Tranches			Fixed Receive Rate	Payment Frequency	Maturity Date		Notional Amount(3)				Premiums Paid/ (Received)				Unrealized Appreciation/ (Depreciation)				Market Value(4)				Asset			Liability
CDX.IG-35 5-Year Index			1.000%	Quarterly	12/20/2025	$	600			$	14		$		(10)		$		4			$	0		$	0
CDX.IG-36 5-Year Index			1.000	Quarterly	06/20/2026		2,900				71				(57)				14				0			(1)
CDX.IG-37 5-Year Index			1.000	Quarterly	12/20/2026		2,600				58				(52)				6				0			0
CDX.IG-38 5-Year Index			1.000	Quarterly	06/20/2027		54,100				629				(630)				(1)				0			(11)
										$	772		$		(749)		$		23			$	0		$	(12)
Total Swap Agreements										$	727		$		(1,014)		$		(287)			$	0		$	(28)
Cash of $10,637 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2022.
(1)		If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(2)		Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
(3)		The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(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.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory								Level 1				Level 2				Level 3				Fair Value at 06/30/2022
Investments in Securities, at Value
Corporate Bonds & Notes
	Banking & Finance							$	0			$		754,982		$		0		$				754,982
	Industrials								0					163,869				0						163,869
	Utilities								0					100,262				0						100,262
Municipal Bonds & Notes
	Alabama								0					1,542				0						1,542
	California								0					49,029				0						49,029
	Florida								0					1,178				0						1,178
	Georgia								0					1,080				0						1,080
	Hawaii								0					13,648				0						13,648
	Idaho								0					6,386				0						6,386
	Kansas								0					2,306				0						2,306
	Michigan								0					2,398				0						2,398
	New Jersey								0					4,068				0						4,068
	New York								0					46,580				0						46,580
	Ohio								0					6,009				0						6,009
	South Dakota								0					3,935				0						3,935
	Texas								0					7,252				0						7,252
	Utah								0					2,847				0						2,847
	West Virginia								0					9,585				0						9,585
	Wisconsin								0					5,031				0						5,031
U.S. Government Agencies									0					1,287,249				0						1,287,249
U.S. Treasury Obligations									0					594,485				0						594,485
Non-Agency Mortgage-Backed Securities									0					321,798				0						321,798
Asset-Backed Securities									0					253,089				0						253,089
Sovereign Issues									0					8,053				0						8,053
Short-Term Instruments
	Repurchase Agreements								0					705,982				0						705,982
	U.S. Treasury Bills								0					244,757				0						244,757
Total Investments								$	0			$		4,597,400		$		0		$				4,597,400
Short Sales, at Value - Liabilities
U.S. Government Agencies								$	0			$		(70,874)		$		0		$				(70,874)
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared								$	0			$		(28)		$		0		$				(28)
Total Financial Derivative Instruments								$	0			$		(28)		$		0		$				(28)
Totals								$	0			$		4,526,498		$		0		$				4,526,498

There were no significant transfers into or out of Level 3 during the period ended June 30, 2022

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio June 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 262.4% ¤
CORPORATE BONDS & NOTES 0.1%
BANKING & FINANCE 0.0%
Ambac Assurance Corp. 5.100% due 12/31/2099 (e)	$	38	$	34
INDUSTRIALS 0.1%
CVS Pass-Through Trust 6.036% due 12/10/2028		871		895
Total Corporate Bonds & Notes (Cost $921)				929
MUNICIPAL BONDS & NOTES 0.3%
TEXAS 0.3%
Ennis Economic Development Corp., Texas Revenue Bonds, (NPFGC Insured), Series 1999 0.000% due 08/01/2034 (d)		7,990		3,929
Total Municipal Bonds & Notes (Cost $5,328)				3,929
U.S. GOVERNMENT AGENCIES 212.2%
Fannie Mae
0.200% due 02/25/2043 •(a)		2,250		16
0.443% due 03/01/2035 •		44		44
1.001% due 07/25/2037 •		286		280
1.009% due 07/25/2044 ~(a)		859		35
1.012% due 10/25/2046 ~(a)		319		12
1.029% due 01/25/2045 ~(a)		599		27
1.038% due 03/25/2045 ~(a)		1,149		48
1.066% (US0001M + 0.060%) due 12/25/2036 ~		876		866
1.101% due 07/25/2052 ~(a)		604		20
1.159% (US0001M + 0.220%) due 09/26/2033 ~		9		9
1.174% due 04/25/2046 ~(a)		610		33
1.230% due 04/25/2055 ~(a)		983		36
1.266% due 06/25/2032 •		1		1
1.267% due 07/25/2044 ~(a)		652		21
1.291% due 08/25/2054 ~(a)		1,160		48
1.296% due 08/25/2055 ~(a)		583		26
1.366% due 02/25/2033 •		10		9
1.401% due 08/25/2044 ~(a)		483		23
1.414% due 07/25/2045 ~(a)		2,656		127
1.492% due 10/01/2023 •		2		2
1.522% due 11/01/2035 •		4		4
1.524% due 08/01/2042 - 10/01/2044 •		812		826
1.550% due 11/01/2035 •		248		248
1.553% due 10/01/2031 •		15		15
1.571% due 06/01/2023 •		2		2
1.715% due 03/01/2035 •		15		16
1.724% due 10/01/2030 - 09/01/2040 •		155		156
1.765% due 01/01/2035 •		24		24
1.805% due 07/01/2035 •		7		7
1.844% due 07/25/2032 •		82		81
1.868% due 12/01/2035 •		23		22
1.906% due 09/01/2035 •		75		75
1.915% due 07/01/2034 •		104		104
1.945% due 09/01/2035 •		91		93
1.955% due 11/01/2031 •		9		9
1.957% due 09/01/2035 •		3		3
1.995% due 04/18/2028 •		6		6
1.995% (US0001M + 0.400%) due 12/18/2032 ~		7		7
1.996% due 02/01/2034 •		26		26
2.024% (US0001M + 0.400%) due 06/25/2029 ~		37		37
2.030% due 11/01/2035 •		4		4
2.045% due 10/18/2030 •		9		9
2.060% due 09/01/2034 •		51		53
2.074% due 06/25/2046 •		992		988
2.084% due 05/25/2035 ~		61		63
2.095% due 09/18/2027 •		7		7
2.124% due 06/25/2030 - 11/25/2059 •		13,280		13,315
2.125% due 06/01/2026 •		2		2
2.127% due 08/01/2029 •		8		8
2.134% due 08/01/2035 •		31		31

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

2.143% due 03/01/2025 •	1	1
2.152% due 07/01/2032 •	14	14
2.175% due 02/01/2035 •	15	15
2.180% due 03/01/2035 •	5	5
2.183% due 07/01/2027 •	1	1
2.184% due 11/01/2035 •	61	62
2.200% due 11/01/2026 •	32	32
2.204% due 02/01/2027 •	10	10
2.233% due 11/01/2025 •	1	1
2.277% due 09/01/2030 •	3	3
2.287% due 02/01/2036 •	14	14
2.314% due 10/25/2042 •	339	285
2.324% due 12/01/2031 - 10/25/2037 •	2,031	2,054
2.350% due 05/01/2026 •	1	1
2.358% due 01/25/2031 ~(a)	6,688	785
2.395% due 09/01/2030 •	4	4
2.450% due 06/01/2035 •	24	24
2.475% due 01/01/2030 •	38	38
2.482% due 05/01/2035 •	15	15
2.496% due 03/01/2024 •	1	1
2.501% due 05/01/2027 •	8	8
2.506% due 09/01/2031 •	6	6
2.524% due 04/25/2032 •	13	13
2.543% due 07/01/2035 •	50	50
2.610% due 12/01/2029 •	1	1
2.625% due 12/01/2023 •	2	2
2.631% due 12/01/2027 •	7	7
2.645% due 06/01/2029 •	10	10
2.672% due 05/01/2030 •	13	13
2.706% due 11/01/2025 •	11	11
2.720% due 02/01/2024 •	18	18
2.724% due 05/25/2023 •	1	1
2.750% due 04/01/2033 •	64	64
2.778% due 05/01/2036 •	29	31
2.827% due 06/01/2030 •	33	33
2.878% due 06/01/2032 •	17	17
2.980% due 05/01/2036 •	2	2
3.000% due 11/01/2042 - 05/01/2058	12,756	11,974
3.000% due 11/25/2043 - 12/25/2048 (a)	9,906	1,359
3.154% due 01/01/2026 •	30	30
3.182% due 05/01/2036 •	104	104
3.324% due 08/01/2029 •	1	1
3.356% due 06/01/2035 •	128	131
3.395% due 04/01/2032 •	2	2
3.400% due 01/01/2049 •	2,485	2,501
3.432% due 11/01/2048 •	1,110	1,119
3.445% due 02/01/2025 •	8	8
3.455% due 02/01/2026 •	4	4
3.500% due 08/01/2026 •	1	1
3.500% due 04/25/2046 (a)	345	24
3.500% due 06/01/2056 - 01/01/2059 (g)	29,691	28,911
3.575% due 02/01/2026 (g)	9,000	8,982
3.588% due 11/01/2028 •	26	26
3.624% due 05/01/2036 •	2	2
3.644% due 12/01/2048 •	2,329	2,355
3.776% due 11/01/2028 •	17	17
3.780% due 02/01/2031 •	9	10
3.820% due 05/01/2035 •	33	33
3.961% due 05/01/2036 •	3	3
4.000% due 09/01/2043 - 10/01/2043	254	255
4.000% due 06/25/2044 (a)	105	12
4.080% due 08/01/2028 •	18	19
4.376% (US0001M + 6.000%) due 11/25/2049 ~(a)	2,484	448
4.484% due 01/01/2028 •	1	1
4.500% due 02/01/2038 - 05/01/2041	65	66
4.500% due 04/01/2059 (g)	12,447	12,893
4.515% due 02/01/2028 •	14	14
4.526% (US0001M + 6.150%) due 07/25/2042 ~(a)	3,927	650
4.526% due 08/25/2042 •(a)	3,806	336
4.775% due 02/01/2030 •	38	38
5.000% due 04/25/2023 - 11/01/2039	214	218
5.019% due 09/01/2034 •	3	3
5.089% due 02/01/2031 •	28	28
5.094% due 01/01/2029 •	4	4
5.500% due 12/01/2035 - 11/01/2039	1,283	1,311
5.568% due 02/01/2031 •	17	18
5.728% due 12/01/2030 •	31	32
6.000% due 04/25/2031 - 02/01/2037	283	301
6.089% due 10/25/2031 þ	1	1
6.300% due 06/25/2031 ~	54	54
6.300% due 10/17/2038	8	8
6.500% due 02/25/2024 - 10/25/2031	506	537
6.500% due 04/25/2038 (a)	146	45
6.850% due 12/18/2027	82	85
6.856% due 10/25/2045 •	891	644
7.000% due 10/25/2022 - 09/01/2032	67	71

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

7.500% due 03/25/2023 - 07/25/2041	194	206
7.800% due 06/25/2026 ~	1	1
11.815% (US0001M + 15.000%) due 06/25/2042 ~	379	402
Farmer Mac 8.850% due 04/25/2030 «~	44	43
Freddie Mac
0.000% due 08/15/2056 - 10/15/2058 (b)(d)	42,008	31,827
0.654% due 10/15/2037 ~(a)	76	2
0.718% due 10/15/2037 ~(a)	200	7
0.835% due 05/15/2037 ~(a)	140	5
1.039% due 11/25/2022 ~(a)	25,226	46
1.084% due 10/15/2041 ~(a)	332	12
1.144% due 08/15/2041 ~(a)	178	7
1.150% due 10/15/2037 - 10/15/2040 •	4,841	4,824
1.150% (US0001M + 0.350%) due 08/15/2040 ~	3,893	3,845
1.151% due 03/15/2037 ~(a)	206	10
1.183% due 11/15/2038 ~(a)	559	22
1.256% due 08/15/2036 ~(a)	288	7
1.288% due 02/15/2038 ~(a)	386	14
1.300% due 12/15/2046 •	648	644
1.334% due 11/15/2036 ~(a)	560	33
1.432% due 06/15/2038 ~(a)	423	23
1.449% due 07/01/2030 •	63	61
1.524% due 03/15/2031 •	18	18
1.574% (US0001M + 0.250%) due 07/15/2034 ~	3	3
1.624% due 06/15/2048 - 12/15/2048 •	3,847	3,811
1.674% due 12/15/2029 •	31	31
1.744% (US0001M + 0.120%) due 07/25/2031 ~	38	37
1.774% due 03/15/2024 - 11/15/2030 •	31	31
1.774% (US0001M + 0.450%) due 12/15/2031 ~	8	8
1.824% due 02/15/2028 •	6	6
1.858% due 12/01/2035 •	260	265
1.874% due 05/25/2031 - 03/15/2044 •	1,283	1,295
1.875% due 10/01/2035 •	48	50
1.904% due 09/25/2031 •	54	53
1.924% due 08/15/2035 •	306	307
2.125% due 10/01/2023 - 03/01/2033 •	39	38
2.152% due 10/01/2027 •	3	3
2.174% due 01/25/2050 •	1,862	1,868
2.239% due 03/01/2033 •	43	44
2.250% due 10/01/2024 •	11	11
2.262% due 01/01/2028 •	10	10
2.265% due 05/01/2032 •	6	6
2.274% due 04/15/2031 •	284	289
2.285% due 08/01/2035 •	8	8
2.324% due 06/15/2031 •	22	22
2.325% due 09/01/2026 •	1	1
2.348% due 12/01/2032 •	7	7
2.362% due 04/01/2029 •	1	1
2.365% due 10/01/2023 •	4	4
2.369% due 09/01/2028 •	3	3
2.370% due 11/01/2031 •	0	1
2.401% due 11/01/2034 •	44	45
2.426% due 07/01/2024 •	3	3
2.431% due 02/01/2029 •	3	3
2.445% due 05/01/2032 •	63	63
2.460% due 12/01/2026 •	3	3
2.472% due 07/01/2035 •	120	123
2.500% due 12/15/2027 (a)	1,856	88
2.518% due 02/01/2027 •	31	30
2.524% due 07/15/2027 •	116	118
2.534% due 09/01/2024 •	1	1
2.545% due 08/01/2027 •	3	3
2.575% due 09/01/2027 •	7	7
2.598% due 05/01/2032 •	97	97
2.615% due 02/01/2027 •	8	8
2.624% due 03/01/2032 •	4	4
2.625% due 11/01/2027 •	2	2
2.641% due 03/01/2027 •	1	1
2.644% due 11/01/2029 •	128	129
2.650% due 12/01/2029 •	8	8
2.674% due 10/01/2024 •	3	3
2.694% due 07/01/2027 •	4	4
2.697% due 08/01/2030 •	1	1
2.735% due 10/01/2027 •	3	3
2.741% due 03/01/2029 •	6	6
2.783% due 07/01/2030 •	2	2
2.812% due 06/01/2028 •	4	4
2.830% due 10/01/2036 •	37	38
2.848% due 11/01/2027 •	34	34
2.907% due 07/01/2028 •	65	65
3.000% due 08/15/2032 - 08/01/2046	6,023	5,792
3.000% due 02/15/2033 - 09/15/2048 (a)	3,817	365
3.367% due 02/01/2031 •	1	1
3.500% due 12/15/2022 - 09/01/2032	1,725	1,727
3.500% due 08/15/2026 - 08/15/2045 (a)	13,103	2,251

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

3.730% due 08/15/2032 ~	13	12
4.000% due 06/01/2029 - 12/01/2048	9,862	9,914
4.000% due 01/15/2046 (a)	4,406	730
4.500% due 03/01/2029 - 06/01/2048	7,082	7,275
5.000% due 05/01/2023 - 07/01/2041	6,990	7,311
5.500% due 12/01/2022 - 06/01/2041	15,511	16,614
6.000% due 09/15/2026 - 05/01/2040	2,325	2,516
6.250% due 12/15/2028	76	81
6.500% due 09/15/2022 - 10/25/2043	1,050	1,125
7.000% due 04/15/2023 - 12/01/2032	27	27
7.000% due 10/25/2023 (a)	2	0
7.322% due 12/15/2043 •	1,638	1,669
7.500% due 08/15/2029 (a)	1	0
7.500% due 01/15/2030	41	45
7.645% due 05/01/2025	241	251
8.000% due 06/01/2030 - 09/01/2030	1	1
8.500% due 08/01/2024 - 08/01/2027	15	14
9.435% (US0001M + 12.267%) due 05/15/2035 ~	3,134	2,917
10.203% due 05/15/2041 •	4,005	3,883
11.753% (US0001M + 16.000%) due 01/15/2035 ~	4,327	3,971
Ginnie Mae
0.000% due 03/20/2035 (b)(d)	219	201
0.678% due 12/20/2045 ~(a)	604	16
0.680% due 11/20/2045 ~(a)	838	17
0.708% due 09/20/2045 ~(a)	1,058	18
0.725% due 06/20/2042 ~(a)	781	25
0.727% due 08/20/2045 ~(a)	341	6
0.775% due 06/20/2042 ~(a)	722	17
0.859% due 06/20/2043 ~(a)	709	21
1.092% due 03/16/2051 ~(a)	700	2
1.625% (H15T1Y + 1.500%) due 08/20/2022 - 09/20/2026 ~	76	74
1.625% due 08/20/2024 - 07/20/2035 •	2,784	2,774
1.750% due 11/20/2028 - 12/20/2032 •	548	543
1.853% due 07/20/2070 - 08/20/2070 •	17,555	17,650
1.875% (H15T1Y + 1.500%) due 04/20/2023 - 06/20/2026 ~	148	148
1.875% due 04/20/2027 - 04/20/2033 •	1,689	1,692
2.000% (H15T1Y + 1.500%) due 07/20/2022 - 09/20/2026 ~	28	28
2.000% due 07/20/2027 - 08/20/2030 •	386	386
2.053% due 10/20/2070 •	9,522	9,622
2.271% due 09/20/2071 •	24,494	25,446
2.500% (H15T1Y + 1.500%) due 05/20/2025 - 10/20/2025 ~	7	6
2.500% due 03/20/2027 - 10/15/2046	1,901	1,826
2.500% due 07/20/2030 - 09/20/2030 •	36	36
2.624% due 10/20/2058 •	228	229
2.625% (H15T1Y + 1.500%) due 01/20/2023 - 03/20/2026 ~	115	114
2.625% due 01/20/2027 - 02/20/2032 •	268	272
2.642% due 01/20/2059 •	310	311
3.000% due 12/15/2042 - 11/20/2067	6,663	6,421
3.000% due 06/20/2046 (a)	249	33
3.000% due 02/20/2048 - 03/15/2050 (g)	8,810	8,346
3.125% due 01/20/2034 •	1,247	1,282
3.500% due 11/15/2041 - 02/20/2052 (g)	58,190	57,136
3.500% due 11/15/2041 - 02/15/2050	23,433	23,101
3.500% due 08/20/2042 - 09/20/2046 (a)	7,405	867
4.000% due 09/15/2040 - 03/15/2052	10,427	10,542
4.000% due 03/15/2045 - 07/15/2048 (g)	14,509	14,811
4.500% due 06/15/2035 - 11/20/2048	6,659	6,852
4.500% due 07/15/2039 - 01/20/2049 (g)	17,800	18,351
5.000% due 03/15/2033 - 12/20/2048	7,741	8,167
5.000% due 12/20/2041 - 08/20/2043 (g)	4,885	5,196
5.500% due 09/15/2031 - 07/15/2041	5,864	6,358
6.000% due 09/15/2036 - 12/15/2040	944	1,008
6.500% due 10/15/2023 - 07/15/2039	1,289	1,375
6.856% due 09/20/2045 •	1,736	1,309
7.000% due 09/15/2025 - 09/20/2028	8	8
7.500% due 12/15/2022 - 10/15/2031	25	26
8.000% due 06/15/2024 - 09/15/2031	36	40
8.500% due 06/15/2027 - 01/20/2031	201	204
9.000% due 06/15/2030 - 09/15/2030	20	21
Ginnie Mae, TBA
2.500% due 07/01/2052	91,850	84,086
3.000% due 07/01/2052 - 08/01/2052	130,050	122,581
3.500% due 07/01/2052	38,182	37,108
4.000% due 07/01/2052	5,950	5,926
4.500% due 08/01/2052	37,900	38,323
U.S. Small Business Administration
5.370% due 04/01/2028	782	799
5.490% due 05/01/2028	738	753
5.870% due 05/01/2026 - 07/01/2028	599	611
6.220% due 12/01/2028	114	121
Uniform Mortgage-Backed Security
1.500% due 12/01/2050 - 06/01/2051	364	303
2.000% due 11/01/2026 - 03/01/2033	2,036	1,931
2.000% due 04/01/2036 (g)	10,608	9,924
2.500% due 01/01/2032 - 04/01/2052	21,819	19,961
2.500% due 11/01/2050 - 04/01/2051 (g)	4,645	4,191

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

3.000% due 10/01/2026 - 04/01/2052	152,543	143,442
3.000% due 02/01/2050 - 12/01/2051 (g)	131,043	122,557
3.500% due 09/01/2025 - 04/01/2052	28,954	28,281
3.500% due 09/01/2047 - 03/01/2048 (g)	18,347	17,945
4.000% due 07/01/2025 - 12/01/2048	70,664	71,706
4.000% due 06/01/2049 (g)	18,487	18,490
4.500% due 06/01/2024 - 01/01/2049	15,554	16,031
5.000% due 09/01/2025 - 03/01/2049	4,403	4,562
5.500% due 07/01/2022 - 02/01/2042	8,817	9,359
6.000% due 07/01/2022 - 05/01/2041	10,532	11,327
6.500% due 05/01/2023 - 05/01/2040	4,595	4,909
8.000% due 07/01/2030 - 05/01/2032	8	8
8.500% due 08/01/2037	4	4
9.000% due 11/01/2025	1	1
Uniform Mortgage-Backed Security, TBA
1.500% due 08/01/2052	14,400	11,950
2.500% due 07/01/2037 - 08/01/2052	341,620	310,593
3.000% due 07/01/2037 - 09/01/2052	149,235	141,511
3.500% due 07/01/2037 - 08/01/2052	766,200	738,776
4.000% due 07/01/2037 - 07/01/2052	180,890	178,391
5.000% due 07/01/2037 - 07/01/2052	700	717
5.500% due 07/01/2052 - 08/01/2052	500	520
6.000% due 07/01/2052	1,000	1,051
Vendee Mortgage Trust
5.898% due 01/15/2030 ~	115	122
6.500% due 03/15/2029	194	195
Total U.S. Government Agencies (Cost $2,673,918)		2,608,925
NON-AGENCY MORTGAGE-BACKED SECURITIES 18.2%
Adjustable Rate Mortgage Trust 2.925% due 09/25/2035 ^~	235	211
AREIT Trust 3.508% due 04/15/2037 •	494	479
BAMLL Commercial Mortgage Securities Trust 2.174% due 09/15/2034 •	1,590	1,552
Banc of America Funding Trust
2.192% due 05/20/2035 ^•	253	222
5.753% due 10/25/2036 ^þ	532	485
6.337% due 01/25/2037 ^þ	511	467
Banc of America Mortgage Trust
2.733% due 02/25/2036 ^~	117	111
2.932% due 06/20/2031 ~	59	58
3.538% due 07/25/2034 ~	1	1
5.750% due 07/20/2032 ~	1	1
Bear Stearns Adjustable Rate Mortgage Trust
2.321% due 01/25/2034 ~	2	2
2.572% due 08/25/2033 ~	72	69
2.778% due 11/25/2030 ~	1	1
2.842% due 02/25/2033 ~	2	1
3.500% due 08/25/2033 ~	102	98
Bear Stearns ALT-A Trust
2.752% due 05/25/2035 ~	148	143
2.954% due 11/25/2036 ^~	454	256
3.128% due 11/25/2036 ~	327	214
3.232% due 11/25/2036 ^~	178	109
Bear Stearns Mortgage Securities, Inc. 1.863% due 06/25/2030 ~	1	1
Bear Stearns Structured Products, Inc. Trust 2.999% due 12/26/2046 ^~	708	590
BellaVista Mortgage Trust 2.112% due 05/20/2045 •	128	85
Chase Mortgage Finance Trust
3.201% due 09/25/2036 ^~	20	18
6.000% due 07/25/2037	1,522	819
Chevy Chase Funding LLC Mortgage-Backed Certificates
1.222% due 01/25/2035 ~	250	232
1.804% (US0001M + 0.180%) due 05/25/2036 ~	80	71
1.874% due 08/25/2035 •	107	100
Citigroup Mortgage Loan Trust
2.500% due 05/25/2051 ~	16,918	14,533
2.829% due 08/25/2035 ^~	75	61
3.950% due 05/25/2035 •	1	1
Citigroup Mortgage Loan Trust, Inc. 2.190% due 09/25/2035 •	102	101
CitiMortgage Alternative Loan Trust 6.000% due 06/25/2037 ^	446	405
Countrywide Alternative Loan Resecuritization Trust 5.665% due 08/25/2037 ^~	84	48
Countrywide Alternative Loan Trust
1.812% (US0001M + 0.200%) due 07/20/2046 ^~	309	237
1.892% due 09/20/2046 •	5,793	3,890
2.004% due 09/25/2046 ^•	2,556	2,296
2.024% due 05/25/2036 •	32	28
2.044% (US0001M + 0.420%) due 05/25/2035 ~	480	438
2.064% due 05/25/2035 •	71	65

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

2.124% due 05/25/2035 •	129	101
2.124% due 09/25/2046 ^•	3,694	2,855
2.124% due 10/25/2046 ^•	393	308
2.144% due 07/25/2046 ^•	1,627	1,131
2.184% due 12/25/2035 •	171	159
2.252% due 12/20/2035 •	493	452
2.304% due 10/25/2046 ^•	1,698	1,329
6.250% due 11/25/2036 ^	662	538
Countrywide Home Loan Mortgage Pass-Through Trust
2.011% due 06/19/2031 ~	4	4
2.084% due 05/25/2035 •	506	426
2.125% due 07/19/2031 ~	4	4
2.164% due 02/25/2035 •	69	64
2.204% (US0001M + 0.580%) due 04/25/2035 ~	282	248
2.204% due 04/25/2035 •	16	15
2.264% due 03/25/2035 •	34	29
2.284% (US0001M + 0.660%) due 02/25/2035 ~	324	303
2.304% due 02/25/2035 •	7	6
2.304% due 03/25/2036 •	139	80
2.324% due 02/25/2036 ^•	67	33
2.435% due 09/25/2034 ^~	131	117
2.920% due 09/25/2047 ^~	280	256
3.093% due 11/25/2037 ~	343	322
3.182% due 02/20/2036 ^~	86	71
3.571% due 08/25/2034 ^~	21	21
Credit Suisse First Boston Mortgage Securities Corp.
2.857% due 06/25/2033 ~	4	4
5.021% due 06/25/2032 ~	3	3
Credit Suisse Mortgage Capital Mortgage-Backed Trust 5.579% due 04/25/2037 ^~	1,859	620
Credit Suisse Mortgage Capital Trust
2.500% due 07/25/2056 ~	1,244	1,064
2.691% due 03/25/2060 ~	4,546	4,420
4.786% due 05/27/2053 ~	4,852	4,890
Deutsche ALT-B Securities, Inc. Mortgage Loan Trust 1.724% (US0001M + 0.100%) due 10/25/2036 ^~	8	7
Fannie Mae 1.500% due 02/25/2036 (a)	51,289	3,362
First Nationwide Mortgage-Backed Pass-Through Trust 6.750% due 08/21/2031	5	5
GreenPoint Mortgage Funding Trust
2.024% (US0001M + 0.400%) due 12/25/2046 ^~	1,414	1,314
2.164% due 04/25/2036 ^•	495	468
GreenPoint Mortgage Funding Trust Pass-Through Certificates 2.684% due 10/25/2033 ~	10	10
GS Mortgage Securities Corp. Trust 2.224% (US0001M + 0.900%) due 07/15/2031 ~	2,000	1,963
GS Mortgage-Backed Securities Corp. Trust 2.500% due 06/25/2052 ~	39,015	33,413
GS Mortgage-Backed Securities Trust
2.500% due 12/25/2051 ~	1,829	1,571
2.500% due 02/25/2052 ~	3,733	3,207
3.000% due 09/25/2052 ~	17,004	15,213
GSR Mortgage Loan Trust
2.144% (US0001M + 0.520%) due 08/25/2046 ~	2,077	769
2.655% due 04/25/2036 ~	139	104
3.037% due 06/25/2034 ~	10	10
HarborView Mortgage Loan Trust
1.872% due 03/19/2037 •	234	211
2.052% (US0001M + 0.440%) due 05/19/2046 ^~	511	155
2.342% due 11/19/2034 ~	30	28
3.194% due 08/19/2034 ~	754	720
3.401% due 08/19/2036 ^~	54	52
HomeBanc Mortgage Trust
1.984% due 12/25/2036 •	27	27
2.484% (US0001M + 0.860%) due 08/25/2029 ~	125	121
Impac Secured Assets Trust 1.924% due 11/25/2036 •	161	157
IndyMac Adjustable Rate Mortgage Trust 1.544% due 01/25/2032 ~	2	2
IndyMac INDB Mortgage Loan Trust 2.224% (US0001M + 0.600%) due 11/25/2035 ^~	93	59
IndyMac INDX Mortgage Loan Trust
1.924% (US0001M + 0.300%) due 06/25/2037 ^~	315	138
2.044% due 05/25/2046 •	579	526
2.104% due 04/25/2035 •	47	41
2.104% due 07/25/2035 •	447	422
2.264% due 02/25/2035 •	86	78
2.735% due 01/25/2036 ^~	273	259
2.985% due 08/25/2035 ^~	484	404
3.002% due 01/25/2036 ^~	1	1
3.016% due 12/25/2034 ~	3	3
3.115% due 08/25/2036 ~	8,245	7,554
InTown Hotel Portfolio Trust 2.425% due 01/15/2033 •	7,600	7,564

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

JP Morgan Mortgage Trust
2.524% due 12/25/2049 •	2,428	2,352
2.574% (US0001M + 0.950%) due 08/25/2049 ~	1,465	1,450
3.000% due 01/25/2052 ~	7,269	6,627
3.000% due 04/25/2052 ~	6,712	6,005
3.000% due 05/25/2052 ~	22,588	20,039
3.414% due 10/25/2035 ~	566	516
Lehman XS Trust 2.264% due 11/25/2046 ^•	1,568	1,249
Luminent Mortgage Trust 1.984% (US0001M + 0.360%) due 12/25/2036 ^~	402	372
MASTR Adjustable Rate Mortgages Trust
2.104% (US0001M + 0.480%) due 05/25/2037 ~	368	175
2.224% due 05/25/2047 ^•	26	26
2.304% (US0001M + 0.680%) due 05/25/2047 ^~	3,350	2,851
MASTR Reperforming Loan Trust 7.000% due 08/25/2034	75	60
MASTR Seasoned Securitization Trust 2.710% due 10/25/2032 ~	99	95
Mellon Residential Funding Corp. Mortgage Pass-Through Certificates
2.024% due 11/15/2031 •	129	126
2.204% due 11/15/2031 •	16	15
Mellon Residential Funding Corp. Mortgage Pass-Through Trust
1.764% (US0001M + 0.440%) due 12/15/2030 ~	154	147
1.804% due 06/15/2030 •	114	109
Merrill Lynch Alternative Note Asset Trust 2.224% (US0001M + 0.600%) due 03/25/2037 ~	916	290
Merrill Lynch Mortgage Investors Trust
2.070% due 10/25/2028 •	11	10
2.113% due 04/25/2035 ~	4	4
2.649% due 01/25/2029 ~	1,025	950
Morgan Stanley Capital Trust 2.224% due 07/15/2035 •	2,500	2,426
Morgan Stanley Mortgage Loan Trust
2.134% due 02/25/2047 •	852	386
2.748% due 07/25/2035 ^~	414	364
Mortgage Equity Conversion Asset Trust
3.270% due 01/25/2042 •	15,219	14,568
3.280% (H15T1Y + 0.500%) due 05/25/2042 ~	7,010	6,855
3.300% (H15T1Y + 0.470%) due 02/25/2042 ~	2,232	2,047
New Residential Mortgage Loan Trust 2.750% due 07/25/2059 ~	7,909	7,665
Nomura Asset Acceptance Corp. Alternative Loan Trust 7.000% due 02/19/2030 ~	131	128
OBX Trust 3.000% due 01/25/2052 ~	3,113	2,767
Prime Mortgage Trust 2.024% (US0001M + 0.400%) due 02/25/2034 ~	11	11
Residential Accredit Loans, Inc. Trust
2.164% due 05/25/2046 ^•	389	326
3.313% due 08/25/2035 ^~	442	189
Residential Funding Mortgage Securities, Inc. Trust 3.027% due 09/25/2035 ^~	655	459
Sequoia Mortgage Trust
2.224% due 01/20/2047 ^~	321	226
2.235% due 04/19/2027 •	11	10
2.295% due 10/19/2026 •	7	7
2.355% due 10/20/2027 •	109	106
Structured Adjustable Rate Mortgage Loan Trust
2.359% due 06/25/2034 •	243	224
2.911% due 11/25/2035 ^~	236	216
2.961% due 08/25/2035 ~	6	6
3.030% due 07/25/2034 ~	16	15
3.032% due 01/25/2035 ~	146	145
3.074% due 07/25/2035 ^~	22	20
3.586% due 10/25/2037 ^•	860	808
Structured Asset Mortgage Investments Trust
1.884% (US0001M + 0.260%) due 03/25/2037 ~	76	27
2.004% due 06/25/2036 •	63	62
2.044% due 05/25/2036 •	419	339
2.084% (US0001M + 0.460%) due 05/25/2045 ~	569	515
2.095% due 07/19/2035 •	761	712
2.224% due 08/25/2036 ^•	2,601	2,389
2.255% due 09/19/2032 •	381	369
2.255% (US0001M + 0.660%) due 10/19/2034 ~	56	53
2.295% due 03/19/2034 •	258	245
Structured Asset Mortgage Investments, Inc. 6.750% due 05/02/2030 ~	50	2
Structured Asset Securities Corp. Mortgage Pass-Through Certificates 3.394% due 06/25/2033 ~	2	2
TBW Mortgage-Backed Trust
6.130% due 01/25/2037 ^þ	955	355
6.470% due 09/25/2036 ^þ	9,085	380
6.515% due 07/25/2037 þ	1,594	738
Thornburg Mortgage Securities Trust 2.439% due 06/25/2043 ~	196	186

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

WaMu Mortgage Pass-Through Certificates Trust
1.316% due 11/25/2046 •	144	128
1.473% due 01/25/2047 •	585	523
1.476% due 02/25/2046 •	523	478
1.676% due 11/25/2042 •	24	23
1.876% (12MTA + 1.400%) due 06/25/2042 ~	86	80
1.876% (12MTA + 1.400%) due 08/25/2042 ~	230	218
2.144% (US0001M + 0.520%) due 11/25/2045 ~	476	440
2.204% due 10/25/2045 •	38	37
2.264% (US0001M + 0.640%) due 01/25/2045 ~	110	104
2.264% due 07/25/2045 •	19	17
2.284% due 01/25/2045 •	346	335
2.462% due 03/25/2034 ~	3	3
2.529% due 09/25/2033 ~	64	61
2.624% due 07/25/2044 •	58	54
2.674% due 12/25/2045 •	755	674
2.713% due 12/25/2036 ^~	523	484
2.742% due 04/25/2037 ^~	548	508
2.765% due 08/25/2033 ~	142	139
2.842% due 12/25/2035 ~	113	110
Washington Mutual Mortgage Pass-Through Certificates Trust
2.667% due 11/25/2030 ~	48	48
6.768% due 07/25/2036 þ	2,300	673
Wells Fargo Commercial Mortgage Trust 1.768% due 10/15/2045 ~(a)	8,689	0
Wells Fargo Mortgage-Backed Securities Trust 3.493% due 07/25/2034 ~	8	8
Total Non-Agency Mortgage-Backed Securities (Cost $243,026)		223,271
ASSET-BACKED SECURITIES 24.8%
ABFS Mortgage Loan Trust 6.785% due 07/15/2033 þ	612	441
ACE Securities Corp. Home Equity Loan Trust
1.744% due 10/25/2036 •	138	59
2.284% (US0001M + 0.660%) due 11/25/2035 ~	421	422
2.674% due 07/25/2034 •	213	212
AFC Home Equity Loan Trust 2.434% due 06/25/2029 •	143	95
Allegro CLO Ltd. 2.209% (US0003M + 1.165%) due 10/16/2031 ~	3,300	3,245
American Money Management Corp. CLO Ltd. 1.914% due 04/17/2029 •	3,804	3,756
Amortizing Residential Collateral Trust 2.324% (US0001M + 0.700%) due 10/25/2031 ~	93	89
AMRESCO Residential Securities Corp. Mortgage Loan Trust
2.254% (US0001M + 0.630%) due 09/25/2028 ~	12	12
2.564% due 06/25/2029 •	178	167
Anchorage Capital CLO Ltd.
2.094% due 07/15/2030 •	4,100	4,053
2.276% due 07/22/2032 •	3,800	3,694
Apidos CLO 1.974% due 07/17/2030 •	9,000	8,872
Ares CLO Ltd. 2.186% (US0003M + 1.050%) due 04/22/2031 ~	3,800	3,707
Argent Securities, Inc. Asset-Backed Pass-Through Certificates 2.359% due 10/25/2035 •	3,955	3,890
Asset-Backed Funding Certificates Trust
2.324% due 06/25/2034 •	125	120
2.644% due 03/25/2032 •	190	185
Asset-Backed Securities Corp. Home Equity Loan Trust
1.704% due 05/25/2037 •	1	1
1.844% due 06/15/2031 •	183	174
Atrium Corp. 1.966% due 04/22/2027 •	2,118	2,087
Bayview Financial Acquisition Trust 2.158% (US0001M + 0.525%) due 05/28/2037 ~	851	753
Bear Stearns Asset-Backed Securities Trust
2.274% (US0001M + 0.975%) due 02/25/2034 ~	362	344
2.424% (US0001M + 0.800%) due 09/25/2046 ~	570	535
2.824% due 10/25/2032 •	47	46
3.124% due 11/25/2042 •	193	188
3.157% due 06/25/2043 ~	10	9
Brookside Mill CLO Ltd. 1.864% (US0003M + 0.820%) due 01/17/2028 ~	232	233
Carlyle Global Market Strategies CLO Ltd. 2.014% (US0003M + 0.970%) due 04/17/2031 ~	798	780
Carlyle U.S. CLO Ltd. 2.063% (US0003M + 1.000%) due 04/20/2031 ~	4,100	4,024
Carrington Mortgage Loan Trust 2.313% due 07/20/2030 •	4,200	4,154
CDC Mortgage Capital Trust 2.674% due 01/25/2033 •	91	93
Centex Home Equity Loan Trust
1.924% (US0001M + 0.300%) due 01/25/2032 ~	66	64
2.474% due 01/25/2032 •	167	169

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Chase Funding Trust
2.224% due 07/25/2033 •	21	20
2.264% due 08/25/2032 •	382	358
2.284% due 11/25/2032 •	112	109
CIFC Funding Ltd. 2.134% (US0003M + 0.950%) due 10/24/2030 ~	6,900	6,789
CIT Group Home Equity Loan Trust 2.599% due 12/25/2031 •	159	157
CIT Mortgage Loan Trust 2.974% due 10/25/2037 •	1,293	1,288
Citigroup Global Markets Mortgage Securities, Inc. 2.974% due 01/25/2032 •	305	306
Citigroup Mortgage Loan Trust 1.684% due 07/25/2045 •	153	115
Citigroup Mortgage Loan Trust, Inc. 2.029% (US0001M + 0.405%) due 08/25/2036 ~	357	357
Countrywide Asset-Backed Certificates 2.624% due 09/25/2032 •	1,056	1,023
Countrywide Asset-Backed Certificates Trust
1.764% due 07/25/2037 •	959	888
1.824% (US0001M + 0.200%) due 09/25/2037 ~	482	425
2.524% due 10/25/2047 •	901	869
Credit Suisse First Boston Mortgage Securities Corp. 2.364% due 08/25/2032 •	109	103
Credit-Based Asset Servicing & Securitization Trust 1.694% due 01/25/2037 ^•	267	97
Delta Funding Home Equity Loan Trust 2.144% due 09/15/2029 •	9	9
Dryden Senior Loan Fund
2.014% due 04/15/2031 •	5,400	5,269
2.014% due 04/18/2031 •	3,700	3,629
Ellington Loan Acquisition Trust
2.674% (US0001M + 1.050%) due 05/25/2037 ~	1,040	1,015
2.724% due 05/25/2037 •	491	475
EMC Mortgage Loan Trust 2.364% due 05/25/2040 •	166	155
Encore Credit Receivables Trust 2.314% (US0001M + 0.690%) due 07/25/2035 ~	2,947	2,874
EquiFirst Mortgage Loan Trust 2.104% due 01/25/2034 •	78	73
FIRSTPLUS Home Loan Owner Trust 7.670% due 05/10/2024 þ	354	15
Fremont Home Loan Trust 1.864% due 08/25/2036 •	6,319	2,347
Galaxy CLO Ltd. 2.014% (US0003M + 0.970%) due 10/15/2030 ~	7,900	7,774
Gallatin CLO Ltd.
2.134% due 07/15/2031 •	4,100	4,016
2.148% due 01/21/2028 •	4,882	4,842
GE-WMC Mortgage Securities Trust 1.704% due 08/25/2036 •	36	18
GMAC Mortgage Corp. Home Equity Loan Trust 1.486% due 01/25/2029 •	17	13
GSAMP Trust
1.764% (US0001M + 0.140%) due 12/25/2036 ~	981	562
1.924% due 10/25/2036 ^•	7,509	85
2.424% due 02/25/2033 •	94	90
Halseypoint Clo Ltd. 2.736% due 11/30/2032 •	4,450	4,376
Home Equity Mortgage Loan Asset-Backed Trust 1.844% (US0001M + 0.220%) due 04/25/2037 ~	695	551
IMC Home Equity Loan Trust
7.520% due 08/20/2028	6	6
JP Morgan Mortgage Acquisition Trust
1.784% due 08/25/2036 •	36	18
1.884% (US0001M + 0.260%) due 03/25/2037 ~	143	141
KKR CLO Ltd. 1.984% due 07/18/2030 •	3,200	3,149
LCM LP
1.914% due 07/19/2027 •	2,659	2,615
2.103% (US0003M + 1.040%) due 10/20/2027 ~	574	571
LCM Ltd. 2.143% (US0003M + 1.080%) due 04/20/2031 ~	5,800	5,669
Long Beach Mortgage Loan Trust
2.184% due 10/25/2034 •	62	58
2.674% (US0001M + 1.050%) due 10/25/2034 ~	339	337
3.049% (US0001M + 0.950%) due 03/25/2032 ~	238	234
Marathon CLO Ltd. 2.375% due 11/21/2027 •	175	175
MASTR Asset-Backed Securities Trust 2.374% (US0001M + 0.750%) due 12/25/2034 ^~	492	477
Merrill Lynch Mortgage Investors Trust
1.744% due 10/25/2037 ^•	1,419	598
1.784% due 09/25/2037 •	216	118
2.344% due 06/25/2035 •	194	192

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

MESA Trust 2.424% due 12/25/2031 •	77	76
MF1 Ltd. 2.960% due 06/19/2037 •	3,000	2,945
MidOcean Credit CLO
2.269% due 01/29/2030 •	4,139	4,086
2.528% due 02/20/2031 •	5,800	5,706
Morgan Stanley Mortgage Loan Trust
2.344% (US0001M + 0.720%) due 04/25/2037 ~	217	79
5.750% due 04/25/2037 ^~	522	295
6.000% due 02/25/2037 ^~	779	564
Mountain View CLO LLC
2.084% (US0003M + 1.040%) due 01/16/2031 ~	500	490
2.134% (US0003M + 1.090%) due 10/16/2029 ~	6,019	5,943
Mountain View CLO Ltd.
1.841% (US0003M + 0.820%) due 10/13/2027 ~	1,451	1,446
2.164% due 07/15/2031 •	3,400	3,337
Nassau Ltd. 2.194% (US0003M + 1.150%) due 10/15/2029 ~	7,252	7,219
Newark BSL CLO Ltd. 2.154% (US0003M + 0.970%) due 07/25/2030 ~	6,896	6,772
NovaStar Mortgage Funding Trust 1.754% due 03/25/2037 •	1,682	1,192
Option One Mortgage Loan Trust
1.764% (US0001M + 0.140%) due 01/25/2037 ~	538	336
2.404% due 02/25/2035 •	2,228	2,158
Option One Mortgage Loan Trust Asset-Backed Certificates 2.314% due 11/25/2035 •	294	286
OZLM Ltd.
2.313% due 07/20/2030 •	3,578	3,534
2.336% (US0003M + 1.050%) due 04/30/2027 ~	128	128
Palmer Square CLO Ltd. 2.144% (US0003M + 1.100%) due 07/16/2031 ~	2,900	2,836
Palmer Square Loan Funding Ltd. 1.863% (US0003M + 0.800%) due 07/20/2029 ~	2,916	2,880
PRET LLC 3.721% due 07/25/2051 þ	7,789	7,434
Renaissance Home Equity Loan Trust
2.344% (US0001M + 0.720%) due 11/25/2034 ~	152	138
2.384% due 12/25/2032 •	19	16
2.504% due 08/25/2033 •	189	178
2.824% (US0001M + 1.200%) due 08/25/2032 ~	306	293
Residential Asset Mortgage Products Trust
2.224% due 03/25/2036 •	77	75
2.569% due 09/25/2035 •	1,829	1,772
Residential Asset Securities Corp. Trust 2.204% due 06/25/2033 •	51	47
Romark CLO Ltd. 2.214% (US0003M + 1.030%) due 10/23/2030 ~	33,700	33,105
SACO Trust 2.144% due 06/25/2036 ^•	34	32
Securitized Asset-Backed Receivables LLC Trust 1.744% (US0001M + 0.120%) due 12/25/2036 ^~	2,153	613
SLM Student Loan Trust
2.684% due 04/25/2023 •	8,863	8,847
3.029% due 12/15/2033 •	1,906	1,829
SMB Private Education Loan Trust 2.154% due 09/15/2037 •	7,788	7,623
Sound Point CLO Ltd. 2.084% (US0003M + 0.900%) due 01/23/2029 ~	5,439	5,362
Soundview Home Loan Trust 1.684% due 11/25/2036 •	63	21
Stratus CLO Ltd. 1.963% due 12/28/2029 •	4,179	4,106
Structured Asset Investment Loan Trust
2.554% (US0001M + 0.930%) due 06/25/2035 ~	11,234	10,852
2.599% due 09/25/2034 •	105	105
2.899% (US0001M + 1.275%) due 12/25/2034 ~	976	948
Structured Asset Securities Corp. Trust 2.314% (US0001M + 0.690%) due 09/25/2035 ~	568	545
Symphony CLO Ltd. 1.924% due 04/15/2028 •	1,078	1,069
TICP CLO Ltd. 1.903% (US0003M + 0.840%) due 04/20/2028 ~	4,114	4,088
Towd Point Mortgage Trust 2.900% due 10/25/2059 ~	8,850	8,594
Tralee CLO Ltd. 2.383% due 07/20/2029 •	8,811	8,748
UCFC Manufactured Housing Contract 7.900% due 01/15/2028 ^~	245	220
Venture CLO Ltd.
1.924% due 04/15/2027 •	7,295	7,217
1.924% due 07/15/2027 •	671	671
2.193% due 04/20/2032 •	4,000	3,914
2.628% due 08/28/2029 •	15,418	15,318

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Wellfleet CLO Ltd.
1.953% due 04/20/2029 •	1,747		1,735
1.953% due 07/20/2029 •	1,721		1,704
1.973% due 04/20/2028 •	3,155		3,129
Wells Fargo Home Equity Trust Mortgage Pass-Through Certificates 2.569% due 04/25/2034 •	67		67
Total Asset-Backed Securities (Cost $320,320)			304,846
SHORT-TERM INSTRUMENTS 6.8%
REPURCHASE AGREEMENTS (f) 2.0%			24,782
U.S. TREASURY BILLS 4.8%
1.379% due 07/26/2022 - 09/15/2022 (c)(d)(j)	59,494		59,388
Total Short-Term Instruments (Cost $84,164)			84,170
Total Investments in Securities (Cost $3,327,677)			3,226,070
	SHARES
INVESTMENTS IN AFFILIATES 1.5%
SHORT-TERM INSTRUMENTS 1.5%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 1.5%
PIMCO Short-Term Floating NAV Portfolio III	1,904,040		18,477
Total Short-Term Instruments (Cost $18,482)			18,477
Total Investments in Affiliates (Cost $18,482)			18,477
Total Investments 263.9% (Cost $3,346,159)		$	3,244,547
Financial Derivative Instruments(h)(i)0.1%(Cost or Premiums, net $20,812)			1,544
Other Assets and Liabilities, net (164.0)%			(2,016,757)
Net Assets 100.0%		$	1,229,334

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 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).
~	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)	Security is an Interest Only ("IO") or IO Strip.
(b)	Principal only security.
(c)	Coupon represents a weighted average yield to maturity.
(d)	Zero coupon security.
(e)	Perpetual maturity; date shown, if applicable, represents next contractual call date.
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		0.400%		06/30/2022	07/01/2022	$		1,710	U.S. Treasury Notes 3.000% due 06/30/2024									$		(1,744)			$			1,710				$		1,710
SGY		1.350		07/01/2022	07/07/2022			11,552	U.S. Treasury Notes 1.375% due 12/31/2028											(11,540)						11,552						11,552
		1.410		06/29/2022	07/01/2022			11,520	U.S. Treasury Notes 1.375% due 12/31/2028											(11,540)						11,520						11,521
Total Repurchase Agreements																		$		(24,824)			$			24,782				$		24,783
REVERSE REPURCHASE AGREEMENTS:
Counterparty							Borrowing Rate(2)			Settlement Date		Maturity Date								Amount Borrowed(2)								Payable for Reverse Repurchase Agreements
CSN							1.590%			06/22/2022		07/14/2022				$				(13,506)							$	(13,511)
							1.590			06/23/2022		07/14/2022								(55,894)								(55,914)
TDM							1.290			06/13/2022		07/14/2022								(243,307)								(243,464)
Total Reverse Repurchase Agreements																											$	(312,889)
SHORT SALES:
Description											Coupon		Maturity Date		Principal Amount							Proceeds								Payable for Short Sales(3)
U.S. Government Agencies (2.9)%
Uniform Mortgage-Backed Security, TBA											2.000%		08/01/2052	$			15,300				$				(13,267)				$			(13,268)
Uniform Mortgage-Backed Security, TBA											3.000		07/01/2052				20,905								(19,115)							(19,476)
Uniform Mortgage-Backed Security, TBA											4.000		07/01/2037				2,500								(2,518)							(2,522)
			Total U.S. Government Agencies																						(34,900)							(35,266)
U.S. Treasury Obligations (0.9)%
U.S. Treasury Notes											1.375%		12/31/2028				12,800								(12,335)							(11,628)
Total Short Sales (3.8)%																					$				(47,235)				$			(46,894)
(g)	Securities with an aggregate market value of $323,877 have been pledged as collateral under the terms of master agreements as of June 30, 2022.
(1)	Includes accrued interest.
(2)	The average amount of borrowings outstanding during the period ended June 30, 2022 was $(239,430) at a weighted average interest rate of 0.839%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.
(3)	Payable for short sales includes $(88) of accrued interest.
(h)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

FUTURES CONTRACTS:
LONG FUTURES CONTRACTS
																						Variation Margin
Description					Expiration Month		# of Contracts				Notional Amount							Unrealized Appreciation/ (Depreciation)						Asset								Liability
U.S. Treasury 10-Year Note September Futures					09/2022		1,380		$		163,573				$			(929)				$		1,402					$			0
SHORT FUTURES CONTRACTS
																						Variation Margin
Description					Expiration Month		# of Contracts				Notional Amount							Unrealized Appreciation/ (Depreciation)						Asset								Liability
U.S. Treasury Ultra Long-Term Bond September Futures					09/2022		51		$		(7,872)				$			82				$		0					$			(119)
Total Futures Contracts														$			(847)				$		1,402					$			(119)
SWAP AGREEMENTS:
INTEREST RATE SWAPS
																									Variation Margin
Pay/ Receive Floating Rate	Floating Rate Index	Fixed Rate	Payment Frequency	Maturity Date				Notional Amount				Premiums Paid/ (Received)				Unrealized Appreciation/ (Depreciation)				Market Value							Asset						Liability
Receive	1-Day USD-Federal Funds Rate Compounded-OIS	0.200%	Annual	04/29/2023		$		50,800		$		2	$			1,217			$	1,219						$	0			$			(19)
Pay	1-Day USD-SOFR Compounded-OIS	1.750	Annual	06/15/2025				83,000				(2,342)				(273)				(2,615)							303						0
Pay	1-Day USD-SOFR Compounded-OIS	1.250	Annual	12/15/2028				32,419				124				(2,895)				(2,771)							205						0
Receive	1-Day USD-SOFR Compounded-OIS	1.000	Annual	06/15/2029				174,100				14,188				5,073				19,261							0						(1,461)
Pay	1-Day USD-SOFR Compounded-OIS	1.750	Annual	06/15/2029				55,800				(1,958)				(1,656)				(3,614)							378						0
Pay	1-Day USD-SOFR Compounded-OIS	1.225	Annual	12/20/2031				25,400				0				(3,181)				(3,181)							192						0
Pay	1-Day USD-SOFR Compounded-OIS	1.180	Annual	12/21/2031				14,700				0				(1,901)				(1,901)							111						0
Receive	1-Day USD-SOFR Compounded-OIS	1.758	Annual	03/16/2032				14,500				82				1,141				1,223							0						(116)
Pay	1-Day USD-SOFR Compounded-OIS	1.760	Annual	05/09/2032				8,500				(89)				(656)				(745)							69						0
Pay	1-Day USD-SOFR Compounded-OIS	1.767	Annual	05/09/2032				8,500				(90)				(650)				(740)							69						0
Pay	1-Day USD-SOFR Compounded-OIS	1.788	Annual	05/09/2032				9,400				(100)				(701)				(801)							76						0
Pay	1-Day USD-SOFR Compounded-OIS	1.869	Annual	05/09/2032				9,300				(94)				(632)				(726)							76						0
Pay	1-Day USD-SOFR Compounded-OIS	1.875	Annual	05/09/2032				8,900				(90)				(600)				(690)							72						0
Pay	1-Day USD-SOFR Compounded-OIS	2.198	Annual	06/08/2032				7,700				(82)				(310)				(392)							64						0
Pay	1-Day USD-SOFR Compounded-OIS	2.204	Annual	06/08/2032				7,700				(82)				(306)				(388)							64						0
Receive	1-Day USD-SOFR Compounded-OIS	2.314	Annual	06/08/2032				24,900				242				774				1,016							0						(210)
Receive	1-Day USD-SOFR Compounded-OIS	2.373	Annual	06/08/2032				11,500				107				303				410							0						(97)
Receive	1-Day USD-SOFR Compounded-OIS	2.385	Annual	06/08/2032				4,300				46				103				149							0						(36)
Receive	1-Day USD-SOFR Compounded-OIS	2.436	Annual	06/08/2032				5,800				56				119				175							0						(49)
Receive	1-Day USD-SOFR Compounded-OIS	2.451	Annual	06/08/2032				8,000				76				154				230							0						(68)
Pay	1-Day USD-SOFR Compounded-OIS	1.250	Annual	06/15/2032				16,000				(1,027)				(1,137)				(2,164)							125						0
Receive	1-Day USD-SOFR Compounded-OIS	1.750	Annual	06/15/2032				130,000				11,974				(139)				11,835							0						(1,056)
Receive	1-Day USD-SOFR Compounded-OIS	2.553	Annual	06/15/2032				21,500				45				392				437							0						(184)
Receive(1)	1-Day USD-SOFR Compounded-OIS	1.840	Annual	07/15/2032				26,700				0				2,233				2,233							0						(220)
Receive	3-Month USD-LIBOR	1.350	Semi-Annual	03/03/2025				188,700				184				7,814				7,998							0						(612)
Receive	3-Month USD-LIBOR	1.400	Semi-Annual	04/05/2025				188,700				215				8,372				8,587							0						(633)
Receive	3-Month USD-LIBOR	1.500	Semi-Annual	05/04/2025				188,700				223				8,096				8,319							0						(676)
Pay	3-Month USD-LIBOR	0.500	Semi-Annual	06/16/2028				14,840				(272)				(1,803)				(2,075)							90						0

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Pay		3-Month USD-LIBOR		1.500	Semi-Annual		12/15/2028			154,500						1,026				(15,084)				(14,058)					992					0
Receive		3-Month USD-LIBOR		1.988	Semi-Annual		02/09/2032			3,900						24				305				329					0					(29)
Receive		3-Month USD-LIBOR		2.008	Semi-Annual		02/09/2032			6,500						30				513				543					0					(54)
Total Swap Agreements													$		22,418			$	4,685			$	27,103				$	2,886			$		(5,520)
Cash of 20,371 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2022.
(1)	This instrument has a forward starting effective date.
(i)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
PURCHASED OPTIONS:
INTEREST RATE SWAPTIONS
Counterparty			Description			Floating Rate Index			Pay/Receive Floating Rate			Exercise Rate					Expiration Date				Notional Amount(1)					Cost						Market Value
BOA			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.313%					07/06/2022				140,100				$	543				$		5,952
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.770					08/04/2022				5,000					46						77
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.880					08/04/2022				9,400					122						103
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			3.013					08/04/2022				6,800					75						47
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			3.043					08/04/2022				1,300					15						8
			Call - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.800					09/14/2022				23,800					250						432
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			3.500					09/14/2022				23,800					250						84
CBK			Put - OTC 30-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			3.380					04/06/2023				3,100					66						62
			Put - OTC 30-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			3.285					04/14/2023				3,000					71						71
DUB			Call - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.955					09/14/2022				23,800					265						612
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			3.655					09/14/2022				23,800					265						56
MYC			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.898					08/04/2022				7,900					102						81
			Put - OTC 30-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			3.348					04/13/2023				3,000					60						64
			Put - OTC 30-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			3.225					04/20/2023				2,900					71						76
			Put - OTC 30-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			3.273					04/20/2023				2,900					64						71
			Put - OTC 30-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			3.200					04/21/2023				3,200					94						88
NGF			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.851					08/04/2022				7,000					75						84
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.859					08/04/2022				2,800					31						33
																									$	2,465				$		8,001
OPTIONS ON SECURITIES
Counterparty			Description								Strike Price			Expiration Date							Notional Amount(1)					Cost						Market Value
BOA			Put - OTC Fannie Mae, TBA 3.500% due 09/01/2052					$			91.875			09/07/2022							34,000				$	239				$		62
			Put - OTC Uniform Mortgage-Backed Security, TBA 3.500% due 08/01/2052								91.797			08/04/2022							35,000					164						20
			Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 08/01/2052								94.313			08/04/2022							35,000					145						22
			Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 08/01/2052								94.547			08/04/2022							34,000					133						24
			Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 08/01/2052								95.859			08/04/2022							45,000					127						68
			Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 08/01/2052								96.453			08/04/2022							93,000					320						51
JPM			Put - OTC Ginnie Mae, TBA 2.500% due 08/01/2052								67.000			08/04/2022							91,000					4						0
			Put - OTC Ginnie Mae, TBA 3.000% 08/01/2052								68.000			08/04/2022							21,000					1						0
			Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 07/01/2052								66.000			07/07/2022							100,000					4						0
			Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 08/01/2052								67.000			08/04/2022							64,000					2						0
			Put - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 07/01/2052								68.000			07/07/2022							49,000					2						0
			Put - OTC Uniform Mortgage-Backed Security, TBA 3.500% due 08/01/2052								70.000			08/04/2022							100,000					4						0
			Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 07/01/2052								71.000			07/07/2022							55,000					2						0

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

MSC	Put - OTC Fannie Mae, TBA 3.500% due 09/01/2052				92.938		09/07/2022		25,000		158		73
	Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 07/01/2052				91.664		07/07/2022		3,500		36		62
	Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 07/01/2052				91.703		07/07/2022		3,500		36		64
SAL	Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 08/01/2052				71.000		08/04/2022		75,000		3		0
	Put - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 07/01/2052				70.000		07/07/2022		76,000		3		0
	Put - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 08/01/2052				75.000		08/04/2022		100,000		4		0
	Put - OTC Uniform Mortgage-Backed Security, TBA 3.500% due 07/01/2052				70.000		07/07/2022		215,000		8		0
	Put - OTC Uniform Mortgage-Backed Security, TBA 3.500% due 08/01/2052				75.000		08/04/2022		390,000		15		0
										$	1,410	$	446
Total Purchased Options										$	3,875	$	8,447
WRITTEN OPTIONS:
INTEREST RATE SWAPTIONS
Counterparty	Description	Floating Rate Index		Pay/Receive Floating Rate		Exercise Rate		Expiration Date	Notional Amount(1)		Premiums (Received)		Market Value
BOA	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		2.680%		07/07/2022	2,600	$	(36)	$	(32)
	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		2.690		07/07/2022	2,600		(36)		(30)
	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		3.230		08/04/2022	22,500		(112)		(71)
	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		3.481		08/04/2022	16,300		(130)		(21)
	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		3.483		08/04/2022	37,800		(323)		(48)
	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		3.491		08/04/2022	19,900		(153)		(24)
	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		3.255		09/07/2022	15,800		(160)		(96)
	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		3.490		09/07/2022	19,000		(227)		(61)
BPS	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		2.911		08/04/2022	4,400		(37)		(43)
CBK	Put - OTC 2-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		3.750		04/06/2023	17,000		(65)		(70)
	Put - OTC 2-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		3.750		04/14/2023	16,700		(71)		(70)
DUB	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		3.074		08/04/2022	4,400		(35)		(25)
MYC	Put - OTC 2-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		3.750		04/13/2023	16,700		(60)		(69)
	Put - OTC 2-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		4.000		04/20/2023	32,400		(136)		(106)
	Put - OTC 2-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		4.000		04/21/2023	17,800		(95)		(58)
	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		3.498		08/04/2022	19,900		(158)		(24)
										$	(1,834)	$	(848)
OPTIONS ON SECURITIES
Counterparty	Description				Strike Price		Expiration Date		Notional Amount(1)		Premiums (Received)		Market Value
BOA	Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052		$		92.703		09/07/2022		24,000	$	(278)	$	(329)
	Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052				93.563		09/07/2022		23,500		(176)		(221)
	Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052				94.438		09/07/2022		21,000		(121)		(125)
	Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052				94.703		09/07/2022		22,000		(144)		(112)
	Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 07/01/2052				98.297		07/07/2022		11,000		(69)		(17)
	Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 07/01/2052				99.141		07/07/2022		26,500		(182)		(165)
	Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 08/01/2052				99.250		08/04/2022		13,500		(67)		(46)
	Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 08/01/2052				99.750		08/04/2022		14,000		(66)		(68)
	Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 08/01/2052				99.828		08/04/2022		20,500		(109)		(105)
	Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 08/01/2052				100.313		08/04/2022		10,000		(31)		(72)

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

JPM			Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052			99.141			09/07/2022						11,500						(43)									(76)
			Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052			99.156			09/07/2022						20,500						(72)									(136)
			Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052			99.656			09/07/2022						36,000						(135)									(300)
			Call - OTC Fannie Mae, TBA 4.500% due 09/01/2052			101.141			09/07/2022						11,500						(29)									(48)
			Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052			92.773			09/07/2022						3,000						(35)									(40)
			Put - OTC Uniform Mortgage-Backed Security, TBA 3.500% due 08/01/2052			96.906			08/04/2022						8,000						(40)									(101)
			Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 08/01/2052			95.594			08/04/2022						5,000						(13)									(6)
			Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 08/01/2052			99.867			08/04/2022						5,500						(27)									(29)
			Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 08/01/2052			99.906			08/04/2022						4,000						(21)									(22)
MSC			Call - OTC Fannie Mae, TBA 2.500% due 09/01/2052			91.359			09/07/2022						9,000						(60)									(45)
			Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 08/01/2052			95.453			08/04/2022						20,000						(139)									(21)
			Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052			91.219			09/07/2022						30,500						(403)									(711)
			Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 07/01/2052			99.156			07/07/2022						29,500						(203)									(187)
SAL			Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052			98.234			09/07/2022						21,500						(121)									(94)
			Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052			99.406			09/07/2022						10,000						(35)									(74)
			Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052			99.656			09/07/2022						11,500						(44)									(96)
			Call - OTC Fannie Mae, TBA 4.500% due 09/01/2052			100.234			09/07/2022						21,500						(97)									(173)
			Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052			90.156			09/07/2022						17,000						(231)									(535)
			Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052			91.375			09/07/2022						23,000						(302)									(510)
			Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052			94.688			09/07/2022						15,000						(89)									(77)
			Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2052			99.563			07/07/2022						9,500						(49)									(4)
			Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2052			100.281			07/07/2022						22,500						(111)									(48)
			Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 08/01/2052			99.281			08/04/2022						2,500						(12)									(9)
			Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 08/01/2052			99.844			08/04/2022						6,000						(32)									(31)
			Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 08/01/2052			99.906			08/04/2022						11,000						(28)									(60)
			Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 08/01/2052			101.281			08/04/2022						2,500						(8)									(5)
			Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 08/01/2052			101.844			08/04/2022						6,000						(22)									(6)
																		$			(3,644)								$	(4,704)
Total Written Options																		$			(5,478)								$	(5,552)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON ASSET-BACKED SECURITIES - SELL PROTECTION(2)
																										Swap Agreements, at Value(4)
Counterparty		Reference Obligation		Fixed Receive Rate	Payment Frequency			Maturity Date				Notional Amount(3)					Premiums Paid/(Received)						Unrealized Appreciation/ (Depreciation)					Asset						Liability
GST		Structured Asset Investment Loan Trust		1.950%	Monthly			11/25/2034			$	3		$			(3)			$			3			$		0				$		0
Total Swap Agreements													$			(3)			$			3			$		0				$		0
(j)	Securities with an aggregate market value of $3,394 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2022.
(1)	Notional Amount represents the number of contracts.
(2)	If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3)	The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(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.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory							Level 1			Level 2						Level 3								Fair Value at 06/30/2022

Schedule of Investments PIMCO Mortgage and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Investments in Securities, at Value
Corporate Bonds & Notes
	Banking & Finance	$	0	$	34	$	0	$	34
	Industrials		0		895		0		895
Municipal Bonds & Notes
	Texas		0		3,929		0		3,929
U.S. Government Agencies			0		2,608,882		43		2,608,925
Non-Agency Mortgage-Backed Securities			0		223,271		0		223,271
Asset-Backed Securities			0		304,846		0		304,846
Short-Term Instruments
	Repurchase Agreements		0		24,782		0		24,782
	U.S. Treasury Bills		0		59,388		0		59,388
		$	0	$	3,226,027	$	43	$	3,226,070
Investments in Affiliates, at Value
Short-Term Instruments
	Central Funds Used for Cash Management Purposes	$	18,477	$	0	$	0	$	18,477
Total Investments		$	18,477	$	3,226,027	$	43	$	3,244,547
Short Sales, at Value - Liabilities
U.S. Government Agencies			0		(35,266)		0		(35,266)
U.S. Treasury Obligations			0		(11,628)		0		(11,628)
		$	0	$	(46,894)	$	0	$	(46,894)
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared			0		4,288		0		4,288
Over the counter			0		8,447		0		8,447
		$	0	$	12,735	$	0	$	12,735
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared			0		(5,639)		0		(5,639)
Over the counter			0		(5,552)		0		(5,552)
		$	0	$	(11,191)	$	0	$	(11,191)
Total Financial Derivative Instruments		$	0	$	1,544	$	0	$	1,544
Totals		$	18,477	$	3,180,677	$	43	$	3,199,197
There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Schedule of Investments PIMCO Municipal Portfolio June 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 96.7% ¤
CORPORATE BONDS & NOTES 2.4%
INDUSTRIALS 2.4%
Hoag Memorial Hospital Presbyterian 3.803% due 07/15/2052	$	1,000	$	877
Northwell Healthcare, Inc. 4.260% due 11/01/2047		2,000		1,838
Total Corporate Bonds & Notes (Cost $3,038)				2,715
MUNICIPAL BONDS & NOTES 93.9%
ALABAMA 0.9%
Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2022 4.000% due 12/01/2052		1,000		1,002
ARIZONA 2.3%
Industrial Development Authority of the County, Arizona of Pima Revenue Bonds, Series 2021 4.000% due 04/01/2040		1,350		1,302
Phoenix Civic Improvement Corp., Arizona Revenue Bonds, Series 2019 5.000% due 07/01/2049		1,250		1,318
				2,620
CALIFORNIA 7.0%
California Health Facilities Financing Authority Revenue Bonds, Series 2021 4.000% due 08/15/2048		1,000		978
Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2018 5.000% due 06/01/2031		1,270		1,447
Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021 1.850% due 06/01/2031		240		235
Inland Empire Tobacco Securitization Corp., California Revenue Bonds, Series 2019 3.678% due 06/01/2038		1,070		1,014
Long Beach Bond Finance Authority, California Revenue Bonds, Series 2007 5.500% due 11/15/2027		1,000		1,093
Mount San Antonio Community College District, California General Obligation Bonds, Series 2019 4.000% due 08/01/2049		1,900		1,856
Sanger Unified School District, California Certificates of Participation Bonds, (AGM Insured), Series 2022 5.000% due 06/01/2045		1,000		1,084
Sonoma County, California Revenue Bonds, Series 2010 6.000% due 12/01/2029		130		139
				7,846
CONNECTICUT 2.5%
Connecticut State Health & Educational Facilities Authority Revenue Bonds, Series 2017 4.000% due 07/01/2047		3,000		2,855
FLORIDA 8.8%
Central Florida Expressway Authority Revenue Bonds, Series 2019 5.000% due 07/01/2044		1,000		1,074
Martin County, Florida Health Facilities Authority Revenue Bonds, Series 2019 4.000% due 01/01/2046		1,000		974
Miami-Dade County, Florida Transit System Revenue Bonds, Series 2018 4.000% due 07/01/2044		1,500		1,474
Miami-Dade County, Florida Water & Sewer System Revenue Bonds, Series 2019 4.000% due 10/01/2048		2,500		2,419
Palm Beach County, Florida Health Facilities Authority Revenue Bonds, Series 2019 4.000% due 08/15/2049		1,000		937
Putnam County Development Authority, Florida Revenue Bonds, Series 2018 5.000% due 03/15/2042		1,000		1,083
South Miami Health Facilities Authority, Florida Revenue Bonds, Series 2017 4.000% due 08/15/2047		2,000		1,879
				9,840
GEORGIA 0.3%
Municipal Electric Authority of Georgia Revenue Notes, (AGM Insured), Series 2021 5.000% due 01/01/2030		300		333

Schedule of Investments PIMCO Municipal Portfolio(Cont.) June 30, 2022 (Unaudited)

HAWAII 1.4%
Hawaii Airports System State Revenue Bonds, Series 2018 5.000% due 07/01/2048	1,500	1,559
ILLINOIS 8.2%
Chicago, Illinois General Obligation Bonds, Series 2015
5.250% due 01/01/2027	3,000	3,121
5.250% due 01/01/2028	2,000	2,072
Illinois State General Obligation Bonds, (BABs), Series 2010 7.350% due 07/01/2035	900	983
Illinois State General Obligation Notes, Series 2017 5.000% due 11/01/2025	2,000	2,118
Sales Tax Securitization Corp., Illinois Revenue Bonds, Series 2020 4.000% due 01/01/2038	905	874
		9,168
INDIANA 0.8%
Indiana Finance Authority Health System Revenue Bonds, Series 2019 4.000% due 12/01/2049	1,000	945
KANSAS 1.0%
Kansas Development Finance Authority Revenue Bonds, (BAM Insured),Series 2021 2.774% due 05/01/2051	1,500	1,158
LOUISIANA 1.3%
East Baton Rouge Sewerage Commission, Louisiana Revenue Bonds, Series 2019 4.000% due 02/01/2040	1,500	1,487
MARYLAND 1.0%
Maryland Department of Transportation State Revenue Bonds, Series 2021 5.000% due 08/01/2036	1,000	1,080
MASSACHUSETTS 1.9%
Commonwealth of Massachusetts General Obligation Bonds, Series 2019 5.000% due 05/01/2045	1,000	1,093
Massachusetts Development Finance Agency Revenue Bonds, Series 2019 5.000% due 09/01/2059	1,000	1,041
		2,134
MICHIGAN 2.7%
Michigan State University Revenue Bonds, Series 2019 4.000% due 02/15/2039	3,000	3,000
MINNESOTA 2.3%
St Cloud, Minnesota Revenue Bonds, Series 2019 5.000% due 05/01/2048	2,500	2,586
NEVADA 3.1%
Clark Department of Aviation, Nevada Revenue Bonds, Series 2014 4.250% due 07/01/2034	2,000	2,023
Reno, Nevada Revenue Bonds, (NPFGC Insured), Series 2005
0.000% due 06/01/2034 (a)	980	613
0.000% due 06/01/2036 (a)	1,520	869
		3,505
NEW JERSEY 2.6%
New Jersey Economic Development Authority Revenue Bonds, Series 2017 5.000% due 06/15/2034	1,000	1,047
New Jersey Transportation Trust Fund Authority Revenue Bonds, Series 2020
4.000% due 06/15/2038	1,000	986
4.000% due 06/15/2050	1,000	912
		2,945
NEW YORK 10.6%
Metropolitan Transportation Authority, New York Revenue Bonds, Series 2017 4.000% due 11/15/2042	1,130	1,034
New York City Transitional Finance Authority Future Tax Secured, New York Revenue Bonds, Series 2018 5.000% due 08/01/2042	6,100	6,573
New York State Dormitory Authority Revenue Bonds, Series 2018 5.000% due 10/01/2048	500	592
New York State Dormitory Authority Revenue Bonds, Series 2019 5.000% due 07/01/2042	1,000	1,088
New York State Housing Finance Agency Revenue Bonds, (FHA Insured), Series 2020 4.200% due 11/01/2054 (b)	695	664

Schedule of Investments PIMCO Municipal Portfolio(Cont.) June 30, 2022 (Unaudited)

New York State Urban Development Corp. Revenue Bonds, Series 2019 4.000% due 03/15/2045	2,000	1,945
		11,896
OHIO 0.3%
American Municipal Power, Inc., Ohio Revenue Bonds, (BABs), Series 2009 6.449% due 02/15/2044	250	298
OREGON 0.7%
Oregon Education Districts General Obligation Bonds, Series 2021 2.207% due 06/30/2033	1,000	833
PENNSYLVANIA 12.6%
Commonwealth Financing Authority, Pennsylvania Revenue Bonds, Series 2020 3.532% due 06/01/2042	2,000	1,737
Geisinger Authority, Pennsylvania Revenue Bonds, Series 2017 4.000% due 02/15/2039	2,500	2,468
Monroeville Finance Authority, Pennsylvania Revenue Bonds, Series 2022 4.000% due 02/15/2037	1,000	980
Montgomery County, Pennsylvania Higher Education and Health Authority Revenue Bonds, Series 2022 4.000% due 05/01/2056	1,000	903
Pennsylvania Higher Educational Facilities Authority Revenue Bonds, Series 2017 4.000% due 08/15/2041	3,000	2,962
Pennsylvania Higher Educational Facilities Authority Revenue Bonds, Series 2019 5.000% due 08/15/2049	550	579
Pennsylvania Turnpike Commission Revenue Bonds, Series 2017 5.000% due 12/01/2040	1,000	1,055
Pennsylvania Turnpike Commission Revenue Bonds, Series 2018 5.000% due 12/01/2043	3,250	3,457
		14,141
TENNESSEE 3.9%
Metropolitan Government of Nashville & Davidson County, Tennessee Water & Sewer Revenue Bonds, (BABs), Series 2010 6.568% due 07/01/2037	1,000	1,230
Tennessee Energy Acquisition Corp. Revenue Bonds, Series 2006 5.000% due 02/01/2025	3,000	3,121
		4,351
TEXAS 13.5%
Houston, Texas Combined Utility System Revenue Bonds, Series 2018 5.000% due 11/15/2043	3,000	3,268
Lower Colorado River Authority, Texas Revenue Bonds, Series 2019 5.000% due 05/15/2039	1,500	1,592
New Hope Cultural Education Facilities Finance Corp., Texas Revenue Bonds, Series 2017 4.000% due 08/15/2040	1,550	1,534
North Texas Tollway Authority Revenue Bonds, Series 2017 5.000% due 01/01/2043	2,500	2,664
SA Energy Acquisition Public Facility Corp., Texas Revenue Bonds, Series 2007 5.500% due 08/01/2027	2,000	2,172
Texas Transportation Commission Revenue Bonds, Series 2019 5.000% due 08/01/2057	1,000	1,018
Texas Water Development Board Revenue Bonds, Series 2019 4.000% due 10/15/2049	3,000	2,984
		15,232
WASHINGTON 2.9%
Washington State General Obligation Bonds, Series 2018 5.000% due 02/01/2042	3,000	3,263
WISCONSIN 1.3%
Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2016 4.000% due 11/15/2046	1,500	1,468

Schedule of Investments PIMCO Municipal Portfolio(Cont.) June 30, 2022 (Unaudited)

Total Municipal Bonds & Notes (Cost $109,932)			105,545
SHORT-TERM INSTRUMENTS 0.4%
REPURCHASE AGREEMENTS (c) 0.4%			502
Total Short-Term Instruments (Cost $502)			502
Total Investments in Securities (Cost $113,472)			108,762
	SHARES
INVESTMENTS IN AFFILIATES 2.0%
SHORT-TERM INSTRUMENTS 2.0%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 2.0%
PIMCO Short-Term Floating NAV Portfolio III	222,529		2,159
Total Short-Term Instruments (Cost $2,160)			2,159
Total Investments in Affiliates (Cost $2,160)			2,159
Total Investments 98.7% (Cost $115,632)		$	110,921
Other Assets and Liabilities, net 1.3%			1,498
Net Assets 100.0%		$	112,419

Schedule of Investments PIMCO Municipal Portfolio(Cont.) June 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)		Zero coupon security.
(b)		RESTRICTED SECURITIES:
Issuer Description									Coupon		Maturity Date				Acquisition Date					Cost		Market Value			Market Value as Percentage of Net Assets
New York State Housing Finance Agency Revenue Bonds, (FHA Insured), Series 2020									4.200		%	11/01/2054			11/18/2021			$		789	$		664	0.59		%
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(c)		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			0.400%	06/30/2022	07/01/2022	$	502		U.S. Treasury Notes 3.000% due 06/30/2024					$		(512)		$		502		$			502
Total Repurchase Agreements														$		(512)		$		502		$			502
(1)		Includes accrued interest.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory								Level 1			Level 2		Level 3				Fair Value at 06/30/2022
Investments in Securities, at Value
Corporate Bonds & Notes
	Industrials							$		0	$	2,715	$	0			$			2,715
Municipal Bonds & Notes
	Alabama									0		1,002		0						1,002
	Arizona									0		2,620		0						2,620
	California									0		7,846		0						7,846
	Connecticut									0		2,855		0						2,855
	Florida									0		9,840		0						9,840
	Georgia									0		333		0						333
	Hawaii									0		1,559		0						1,559
	Illinois									0		9,168		0						9,168
	Indiana									0		945		0						945
	Kansas									0		1,158		0						1,158
	Louisiana									0		1,487		0						1,487
	Maryland									0		1,080		0						1,080
	Massachusetts									0		2,134		0						2,134
	Michigan									0		3,000		0						3,000
	Minnesota									0		2,586		0						2,586
	Nevada									0		3,505		0						3,505
	New Jersey									0		2,945		0						2,945
	New York									0		11,896		0						11,896
	Ohio									0		298		0						298
	Oregon									0		833		0						833
	Pennsylvania									0		14,141		0						14,141
	Tennessee									0		4,351		0						4,351
	Texas									0		15,232		0						15,232
	Washington									0		3,263		0						3,263
	Wisconsin									0		1,468		0						1,468
Short-Term Instruments
	Repurchase Agreements									0		502		0						502
								$		0	$	108,762	$	0			$			108,762
Investments in Affiliates, at Value
Short-Term Instruments
	Central Funds Used for Cash Management Purposes							$		2,159	$	0	$	0			$			2,159
Total Investments								$		2,159	$	108,762	$	0			$			110,921

There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Schedule of Investments PIMCO Real Return Portfolio June 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 185.1% ¤
U.S. TREASURY OBLIGATIONS 178.5%
U.S. Treasury Inflation Protected Securities(a)
0.125% due 01/15/2023	$	50	$	51
0.125% due 07/15/2024		4,261		4,302
0.125% due 10/15/2024		789		794
0.125% due 04/15/2025 (c)		5,595		5,600
0.125% due 04/15/2026 (c)		5,291		5,243
0.125% due 10/15/2026 (c)		614		608
0.125% due 01/15/2030		3,606		3,445
0.125% due 01/15/2031		2,931		2,791
0.125% due 07/15/2031		4,163		3,962
0.125% due 01/15/2032 (c)		3,587		3,408
0.125% due 02/15/2051		1,699		1,311
0.125% due 02/15/2052		62		49
0.250% due 01/15/2025		37		37
0.250% due 02/15/2050		315		249
0.375% due 07/15/2025 (c)		5,234		5,288
0.375% due 01/15/2027 (c)		6,342		6,321
0.500% due 04/15/2024 (c)		8,710		8,832
0.625% due 04/15/2023 (c)		2,095		2,131
0.625% due 01/15/2024		1,078		1,096
0.625% due 02/15/2043		377		334
0.750% due 07/15/2028		1,958		1,973
0.750% due 02/15/2042		2,303		2,107
0.750% due 02/15/2045		540		485
0.875% due 02/15/2047		156		144
1.000% due 02/15/2046		2,037		1,934
1.000% due 02/15/2048		2,063		1,973
1.375% due 02/15/2044		794		813
1.750% due 01/15/2028 (c)		6,966		7,398
2.125% due 02/15/2041		2,679		3,118
3.625% due 04/15/2028 (c)		4,933		5,764
3.875% due 04/15/2029		3,177		3,838
Total U.S. Treasury Obligations (Cost $91,898)				85,399
NON-AGENCY MORTGAGE-BACKED SECURITIES 0.9%
Chevy Chase Funding LLC Mortgage-Backed Certificates 1.904% due 01/25/2035 •		72		69
Merrill Lynch Mortgage Investors Trust 2.044% due 07/25/2030 •		402		379
Total Non-Agency Mortgage-Backed Securities (Cost $453)				448
SHORT-TERM INSTRUMENTS 5.7%
REPURCHASE AGREEMENTS (b) 5.7%				2,714
Total Short-Term Instruments (Cost $2,714)				2,714
Total Investments in Securities (Cost $95,065)				88,561
		SHARES
INVESTMENTS IN AFFILIATES 5.1%
SHORT-TERM INSTRUMENTS 5.1%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 5.1%
PIMCO Short-Term Floating NAV Portfolio III		253,192		2,457
Total Short-Term Instruments (Cost $2,458)				2,457
Total Investments in Affiliates (Cost $2,458)				2,457
Total Investments 190.2% (Cost $97,523)			$	91,018
Financial Derivative Instruments(d)0.0%(Cost or Premiums, net $(223))				1
Other Assets and Liabilities, net (90.2)%				(43,178)
Net Assets 100.0%			$	47,841

Schedule of Investments PIMCO Real Return Portfolio(Cont.) June 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.
•	Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.
(a)	Principal amount of security is adjusted for inflation.
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)
BSN		1.180%		06/17/2022	07/07/2022			$		2,023		U.S. Treasury Inflation Protected Securities 0.375% - 3.625% due 07/15/2025 - 04/15/2028											$				(2,024)		$		2,023						$			2,024
		1.180		06/22/2022	07/07/2022					468		U.S. Treasury Inflation Protected Securities 0.500% due 04/15/2024															(465)				468									468
FICC		0.400		06/30/2022	07/01/2022					223		U.S. Treasury Notes 3.000% due 06/30/2024															(228)				223									223
Total Repurchase Agreements																							$				(2,717)		$		2,714						$			2,715
REVERSE REPURCHASE AGREEMENTS:
Counterparty									Borrowing Rate(2)				Settlement Date				Maturity Date										Amount Borrowed(2)								Payable for Reverse Repurchase Agreements
BSN									1.180%				06/07/2022				07/07/2022					$					(39,761)						$		(39,792)
GRE									1.530				06/27/2022				07/05/2022										(220)								(220)
Total Reverse Repurchase Agreements																																	$		(40,012)
SALE-BUYBACK TRANSACTIONS:
Counterparty									Borrowing Rate(2)				Borrowing Date				Maturity Date										Amount Borrowed(2)								Payable for Sale-Buyback Transactions
BCY									1.560%				06/27/2022				07/01/2022					$					(3,437)						$		(3,438)
Total Sale-Buyback Transactions																																	$		(3,438)
(c)	Securities with an aggregate market value of $43,200 have been pledged as collateral under the terms of master agreements as of June 30, 2022.
(1)	Includes accrued interest.
(2)	The average amount of borrowings outstanding during the period ended June 30, 2022 was $(45,269) at a weighted average interest rate of 0.712%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.
(d)	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
BPS				07/2022			JPY				9,200			$	71						$			3								$				0
Total Forward Foreign Currency Contracts																				$			3								$				0
WRITTEN OPTIONS:
INFLATION-CAPPED OPTIONS
Counterparty			Description			Initial Index				Floating Rate						Expiration Date		Notional Amount(1)										Premiums (Received)										Market Value
JPM			Cap - OTC CPURNSA			233.916				Maximum of [(Final Index/Initial Index - 1) - 4.000%] or 0						04/22/2024			28,300							$		(206)						$				(2)
			Cap - OTC CPURNSA			234.781				Maximum of [(Final Index/Initial Index - 1) - 4.000%] or 0						05/16/2024			2,400									(17)										0
Total Written Options																										$		(223)						$				(2)
(1)	Notional Amount represents the number of contracts.

Schedule of Investments PIMCO Real Return Portfolio(Cont.) June 30, 2022 (Unaudited)

FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory		Level 1		Level 2		Level 3		Fair Value at 06/30/2022
Investments in Securities, at Value
U.S. Treasury Obligations		$	0	$	85,399	$	0	$	85,399
Non-Agency Mortgage-Backed Securities			0		448		0		448
Short-Term Instruments
	Repurchase Agreements		0		2,714		0		2,714
		$	0	$	88,561	$	0	$	88,561
Investments in Affiliates, at Value
Short-Term Instruments
	Central Funds Used for Cash Management Purposes	$	2,457	$	0	$	0	$	2,457
Total Investments		$	2,457	$	88,561	$	0	$	91,018
Financial Derivative Instruments - Assets
Over the counter		$	0	$	3	$	0	$	3
Financial Derivative Instruments - Liabilities
Over the counter		$	0	$	(2)	$	0	$	(2)
Total Financial Derivative Instruments		$	0	$	1	$	0	$	1
Totals		$	2,457	$	88,562	$	0	$	91,019
There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I June 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 121.7% ¤
CORPORATE BONDS & NOTES 67.1%
BANKING & FINANCE 28.4%
AerCap Ireland Capital DAC 3.850% due 10/29/2041	$	200	$	144
Alexandria Real Estate Equities, Inc. 3.000% due 05/18/2051		500		337
Ally Financial, Inc. 8.000% due 11/01/2031		200		223
American Homes 4 Rent LP 4.250% due 02/15/2028		300		287
American Tower Corp. 2.100% due 06/15/2030		800		641
Bank of America Corp.
2.831% due 10/24/2051 •		800		549
2.884% due 10/22/2030 •		1,400		1,224
3.824% due 01/20/2028 •		300		288
Barclays PLC 2.645% due 06/24/2031 •		700		580
BNP Paribas SA 3.132% due 01/20/2033 •		300		251
Brookfield Finance, Inc. 3.500% due 03/30/2051		800		577
CBRE Services, Inc. 4.875% due 03/01/2026		300		303
Citigroup, Inc. 3.106% due 04/08/2026 •		1,300		1,250
CNA Financial Corp. 2.050% due 08/15/2030		400		322
Credit Suisse AG 1.250% due 08/07/2026		400		350
Credit Suisse Group AG 2.593% due 09/11/2025 •		300		283
Crown Castle International Corp.
1.050% due 07/15/2026		500		433
3.250% due 01/15/2051		300		216
Deutsche Bank AG
3.961% due 11/26/2025 •		400		387
4.162% due 05/13/2025		200		198
Equinix, Inc. 3.000% due 07/15/2050		300		206
GLP Capital LP 5.250% due 06/01/2025		200		197
Goldman Sachs Group, Inc. 2.600% due 02/07/2030		1,300		1,110
HSBC Holdings PLC 2.848% due 06/04/2031 •		600		508
JPMorgan Chase & Co. 2.182% due 06/01/2028 •		1,500		1,335
Lazard Group LLC 4.375% due 03/11/2029		100		96
Lloyds Banking Group PLC 4.375% due 03/22/2028		400		389
Mid-America Apartments LP 3.950% due 03/15/2029		400		382
Mitsubishi UFJ Financial Group, Inc. 2.048% due 07/17/2030		1,000		816
Natwest Group PLC 4.892% due 05/18/2029 •		500		485
Nomura Holdings, Inc.
2.679% due 07/16/2030		200		164
5.099% due 07/03/2025 (a)		300		302
Societe Generale SA 6.221% due 06/15/2033 •		200		191
Standard Chartered PLC 3.971% due 03/30/2026 •		200		196
VICI Properties LP 4.375% due 05/15/2025		300		294
Wells Fargo & Co.
2.393% due 06/02/2028 •		200		179
2.879% due 10/30/2030 •		1,500		1,320
Welltower, Inc. 4.250% due 04/01/2026		400		396

Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I(Cont.) June 30, 2022 (Unaudited)

Weyerhaeuser Co. 4.000% due 04/15/2030	400	377
		17,786
INDUSTRIALS 31.3%
AbbVie, Inc. 4.850% due 06/15/2044	300	287
Alibaba Group Holding Ltd. 2.700% due 02/09/2041	200	138
America Movil SAB de CV 5.375% due 04/04/2032	300	267
Amgen, Inc. 3.200% due 11/02/2027	300	286
AngloGold Ashanti Holdings PLC 3.375% due 11/01/2028	200	170
Anheuser-Busch InBev Finance, Inc. 4.625% due 02/01/2044	400	359
BAT Capital Corp. 4.700% due 04/02/2027	100	98
Baxter International, Inc. 1.730% due 04/01/2031	400	317
Becton Dickinson and Co. 1.957% due 02/11/2031	400	323
Boeing Co. 3.950% due 08/01/2059	1,000	674
Boston Scientific Corp. 2.650% due 06/01/2030	400	349
Broadcom, Inc.
1.950% due 02/15/2028	300	256
3.750% due 02/15/2051	400	297
Cameron LNG LLC 3.302% due 01/15/2035	300	257
CDW LLC 3.250% due 02/15/2029	400	338
Charter Communications Operating LLC 3.950% due 06/30/2062	1,000	670
Constellation Brands, Inc.
3.150% due 08/01/2029	100	90
4.500% due 05/09/2047	300	267
CSL Finanace PLC Co. 4.950% due 04/27/2062	200	192
CSX Corp. 3.250% due 06/01/2027	400	384
Dell International LLC 8.100% due 07/15/2036	300	351
Energy Transfer LP 5.350% due 05/15/2045	400	349
Entergy Louisiana LLC 2.900% due 03/15/2051	700	506
General Electric Co. 4.500% due 03/11/2044	200	174
Global Payments, Inc. 4.150% due 08/15/2049	300	235
GSK Consumer Healthcare Capital U.S. LLC 3.375% due 03/24/2029	500	468
HCA, Inc. 4.375% due 03/15/2042	700	565
Humana, Inc. 3.950% due 03/15/2027	400	393
Kellogg Co. 2.100% due 06/01/2030	400	333
L3Harris Technologies, Inc. 3.832% due 04/27/2025	300	298
Magallanes, Inc. 5.391% due 03/15/2062	600	503
Marriott International, Inc. 4.625% due 06/15/2030	400	384
Marvell Technology, Inc. 2.950% due 04/15/2031	200	168
McDonald's Corp. 3.800% due 04/01/2028	400	392
Moody's Corp. 3.250% due 01/15/2028	400	379
Motorola Solutions, Inc. 4.600% due 05/23/2029	200	192
Norfolk Southern Corp. 2.900% due 06/15/2026	400	382
Northrop Grumman Corp. 4.400% due 05/01/2030	400	400
NXP BV 4.875% due 03/01/2024	400	404
Oracle Corp. 3.250% due 11/15/2027	400	369
Petroleos Mexicanos 6.700% due 02/16/2032	200	153

Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I(Cont.) June 30, 2022 (Unaudited)

Philip Morris International, Inc. 1.750% due 11/01/2030	400		310
Quanta Services, Inc. 3.050% due 10/01/2041	600		417
RELX Capital, Inc. 3.000% due 05/22/2030	300		270
Rogers Communications, Inc. 5.000% due 03/15/2044	500		466
Skyworks Solutions, Inc. 1.800% due 06/01/2026	300		266
Spectra Energy Partners LP 3.375% due 10/15/2026	400		381
Stryker Corp. 1.950% due 06/15/2030	400		333
Sysco Corp. 4.850% due 10/01/2045	400		370
T-Mobile USA, Inc. 3.600% due 11/15/2060	800		585
Targa Resources Corp. 5.200% due 07/01/2027 (a)	200		201
TD SYNNEX Corp. 1.250% due 08/09/2024	300		280
TransCanada PipeLines Ltd. 4.875% due 01/15/2026	500		508
TSMC Arizona Corp. 3.125% due 10/25/2041	200		165
VeriSign, Inc. 2.700% due 06/15/2031	300		242
Walt Disney Co. 5.400% due 10/01/2043	700		743
Westinghouse Air Brake Technologies Corp. 3.450% due 11/15/2026	400		365
Zoetis, Inc. 4.700% due 02/01/2043	300		288
			19,607
UTILITIES 7.4%
Alabama Power Co. 3.450% due 10/01/2049	300		238
Constellation Energy Generation LLC 3.250% due 06/01/2025	300		287
Eversource Energy 4.200% due 06/27/2024	200		201
MidAmerican Energy Co. 4.250% due 07/15/2049	1,100		1,023
NextEra Energy Capital Holdings, Inc. 5.000% due 07/15/2032	100		102
Pacific Gas & Electric Co. 4.000% due 12/01/2046	900		633
Southern California Edison Co.
2.850% due 08/01/2029	100		89
2.950% due 02/01/2051	200		136
Southern Co. Gas Capital Corp. 3.950% due 10/01/2046	500		410
Verizon Communications, Inc.
3.000% due 11/20/2060	600		409
4.329% due 09/21/2028	600		597
Vodafone Group PLC 7.875% due 02/15/2030	400		473
			4,598
Total Corporate Bonds & Notes (Cost $43,521)			41,991
U.S. TREASURY OBLIGATIONS 7.1%
U.S. Treasury Bonds
3.250% due 05/15/2042	2,200		2,148
U.S. Treasury Notes
2.875% due 05/15/2032	2,300		2,274
Total U.S. Treasury Obligations (Cost $4,474)			4,422
SHORT-TERM INSTRUMENTS 47.5%
REPURCHASE AGREEMENTS 47.5%			29,700
Total Short-Term Instruments (Cost $29,700)			29,700
Total Investments in Securities (Cost $77,695)			76,113
Total Investments 121.7% (Cost $77,695)		$	76,113
Financial Derivative Instruments (a)(c) 0.1%(Cost or Premiums, net $161)			83

Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I(Cont.) June 30, 2022 (Unaudited)

Other Assets and Liabilities, net (21.8)%		(13,633)
Net Assets 100.0%	$	62,563

Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I(Cont.) June 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.
•		Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.
(a)		When-issued security.
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)
SCX			1.520%		07/01/2022		07/05/2022		$		14,900					U.S. Treasury Note/Bond 0.250% due 08/31/2025																$			(15,218)								$			14,900				$				14,900
			1.540		06/30/2022		07/01/2022				14,800					U.S. Treasury Bonds 2.000% due 11/15/2041																			(605)											14,800								14,801
																U.S. Treasury Inflation Protected Securities 0.250% due 07/15/2029																			(16,568)
Total Repurchase Agreements																																$			(32,391)								$			29,700				$				29,701
(1)		Includes accrued interest.
(c)		FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
FUTURES CONTRACTS:
LONG FUTURES CONTRACTS
																																					Variation Margin
Description										Expiration Month			# of Contracts							Notional Amount									Unrealized Appreciation/ (Depreciation)										Asset														Liability
U.S. Treasury 2-Year Note September Futures										09/2022			28					$		5,880						$			(19)								$		16									$					0
U.S. Treasury 5-Year Note September Futures										09/2022			100							11,225									(16)										70														0
Total Futures Contracts																									$			(35)								$		86									$					0
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION(1)
																																									Variation Margin
Index/Tranches				Fixed Receive Rate		Payment Frequency		Maturity Date						Notional Amount(2)							Premiums Paid/ (Received)						Unrealized Appreciation/ (Depreciation)						Market Value(3)												Asset									Liability
CDX.IG-38 5-Year Index				1.000%		Quarterly		06/20/2027				$		17,100					$		161		$				(161)				$		0									$			0				$					(3)
Total Swap Agreements																			$		161		$				(161)				$		0									$			0				$					(3)
(1)		If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(2)		The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(3)		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.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory															Level 1							Level 2								Level 3										Fair Value at 06/30/2022
Investments in Securities, at Value
Corporate Bonds & Notes
	Banking & Finance														$		0					$		17,786						$		0								$						17,786
	Industrials																0							19,607								0														19,607
	Utilities																0							4,598								0														4,598
U.S. Treasury Obligations																	0							4,422								0														4,422
Short-Term Instruments

Schedule of Investments Sector Funds: PIMCO Sector Fund Series – I(Cont.) June 30, 2022 (Unaudited)

	Repurchase Agreements		0		29,700		0		29,700
Total Investments		$	0	$	76,113	$	0	$	76,113
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared		$	0	$	86	$	0	$	86
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared		$	0	$	(3)	$	0	$	(3)
Total Financial Derivative Instruments		$	0	$	83	$	0	$	83
Totals		$	0	$	76,196	$	0	$	76,196
There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Consolidated Schedule of Investments PIMCO Short Asset Portfolio June 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 100.1% ¤
CORPORATE BONDS & NOTES 45.7%
BANKING & FINANCE 27.7%
Air Lease Corp.
2.250% due 01/15/2023	$	2,700	$	2,673
2.750% due 01/15/2023		2,500		2,483
Avolon Holdings Funding Ltd. 5.500% due 01/15/2023		1,000		1,003
Banco Santander SA 3.892% due 05/24/2024		6,600		6,571
Bank of America Corp.
2.401% (US0003M + 0.790%) due 03/05/2024 ~		27,600		27,438
3.301% due 04/24/2024 •(c)	CAD	15,700		12,122
4.100% due 07/24/2023	$	3,100		3,132
Bank of Nova Scotia 1.438% (SOFRRATE + 0.380%) due 07/31/2024 ~		900		887
Barclays PLC
2.791% (US0003M + 1.380%) due 05/16/2024 ~		16,886		16,882
3.505% (BBSW3M + 1.800%) due 06/15/2023 ~	AUD	11,500		7,985
BOC Aviation Ltd. 2.750% due 09/18/2022	$	9,200		9,192
BPCE SA 1.652% due 10/06/2026 •		1,300		1,166
Brookfield Finance, Inc. 4.000% due 04/01/2024		11,430		11,437
Cantor Fitzgerald LP 4.875% due 05/01/2024		19,034		19,130
Charles Schwab Corp. 2.433% (SOFRINDX + 1.050%) due 03/03/2027 ~		500		492
Citigroup, Inc.
2.544% (US0003M + 1.100%) due 05/17/2024 ~		2,200		2,182
2.603% (US0003M + 1.023%) due 06/01/2024 ~		54,913		54,565
3.010% (US0003M + 1.430%) due 09/01/2023 ~		5,300		5,295
CK Hutchison International Ltd. 3.250% due 04/11/2024		3,800		3,783
Cooperatieve Rabobank UA 1.980% due 12/15/2027 •		4,100		3,649
Credit Suisse Group AG
2.961% (US0003M + 1.240%) due 06/12/2024 ~		19,000		19,031
4.207% due 06/12/2024 •		1,650		1,636
Danske Bank AS
1.171% due 12/08/2023 •		2,100		2,072
1.621% due 09/11/2026 •		7,500		6,720
2.781% (US0003M + 1.060%) due 09/12/2023 ~		8,900		8,907
5.375% due 01/12/2024		7,919		7,996
DBS Bank Ltd. 2.252% (BBSW3M + 0.630%) due 09/13/2022 ~	AUD	10,000		6,904
DBS Group Holdings Ltd. 1.169% due 11/22/2024	$	5,000		4,742
Deutsche Bank AG
0.962% due 11/08/2023		4,000		3,835
2.112% (BBSW3M + 1.400%) due 01/30/2023 ~	AUD	600		414
3.950% due 02/27/2023	$	950		948
4.162% due 05/13/2025		9,600		9,523
DNB Bank ASA 2.231% (US0003M + 0.620%) due 12/02/2022 ~		1,700		1,699
GA Global Funding Trust 1.250% due 12/08/2023		7,230		6,943
General Motors Financial Co., Inc. 3.700% due 05/09/2023		1,085		1,085
Goldman Sachs Group, Inc.
2.184% (US0003M + 1.000%) due 07/24/2023 ~		17,000		16,985
2.905% due 07/24/2023 •		21,100		21,094
Hana Bank 2.014% (US0003M + 0.800%) due 07/26/2023 ~		5,000		5,020
HSBC Holdings PLC
2.100% (BBSW3M + 1.100%) due 02/16/2024 ~	AUD	19,050		13,144
2.455% (US0003M + 1.000%) due 05/18/2024 ~	$	46,725		46,358
2.951% (US0003M + 1.230%) due 03/11/2025 ~		16,700		16,583
3.101% (US0003M + 1.380%) due 09/12/2026 ~		5,000		4,966
Hyundai Capital Services, Inc.
3.000% due 08/29/2022		545		545
3.750% due 03/05/2023		6,400		6,395

Consolidated Schedule of Investments PIMCO Short Asset Portfolio(Cont.) June 30, 2022 (Unaudited)

ING Groep NV
3.151% (SOFRINDX + 1.640%) due 03/28/2026 ~		10,000	9,977
3.285% (US0003M + 1.000%) due 10/02/2023 ~		9,975	10,008
International Lease Finance Corp. 5.875% due 08/15/2022		1,815	1,819
JPMorgan Chase & Co.
2.074% (US0003M + 0.890%) due 07/23/2024 ~		1,700	1,693
2.414% (US0003M + 1.230%) due 10/24/2023 ~		70,000	70,006
Kookmin Bank 3.057% (US0003M + 0.780%) due 04/03/2023 ~		3,000	3,011
Lloyds Bank PLC 1.881% (BBSW3M + 0.900%) due 08/12/2022 ~	AUD	1,500	1,035
Lloyds Banking Group PLC
2.907% due 11/07/2023 •	$	25,540	25,456
3.900% due 11/23/2023	AUD	500	343
3.900% due 03/12/2024	$	3,300	3,282
LSEGA Financing PLC 0.650% due 04/06/2024		1,800	1,699
Metropolitan Life Global Funding
0.400% due 01/07/2024		2,700	2,573
0.900% due 06/08/2023		5,000	4,895
Mitsubishi HC Capital, Inc. 2.652% due 09/19/2022		38,100	38,101
Mitsubishi UFJ Financial Group, Inc.
0.848% due 09/15/2024 •		9,000	8,670
0.953% due 07/19/2025 •		14,300	13,358
2.074% (US0003M + 0.860%) due 07/26/2023 ~		12,600	12,600
Mitsui Fudosan Co. Ltd. 2.950% due 01/23/2023		1,000	999
Mizuho Financial Group, Inc.
1.979% (US0003M + 0.990%) due 07/10/2024 ~		39,300	39,155
2.154% (US0003M + 0.630%) due 05/25/2024 ~		64,099	63,417
2.275% (US0003M + 0.610%) due 09/08/2024 ~		11,800	11,674
Morgan Stanley
0.560% due 11/10/2023 •		4,700	4,647
0.731% due 04/05/2024 •		7,900	7,705
2.584% (US0003M + 1.400%) due 10/24/2023 ~		39,200	39,204
2.591% (US0003M + 1.220%) due 05/08/2024 ~		32,100	32,117
MUFG Bank Ltd. 2.247% (BBSW3M + 0.480%) due 09/26/2024 ~	AUD	3,600	2,468
Nationwide Building Society 3.766% due 03/08/2024 •	$	15,000	14,965
Natwest Group PLC 3.747% (US0003M + 1.550%) due 06/25/2024 ~		180	180
Nissan Motor Acceptance Co. LLC
2.600% due 09/28/2022		1,523	1,516
2.924% due 09/28/2022 •		67,025	66,804
3.875% due 09/21/2023		4,000	3,974
Nomura Holdings, Inc.
1.851% due 07/16/2025		22,700	20,817
2.648% due 01/16/2025		9,000	8,597
NTT Finance Corp. 0.583% due 03/01/2024		9,165	8,720
ORIX Corp.
2.900% due 07/18/2022		40,424	40,425
3.250% due 12/04/2024		800	788
Oversea-Chinese Banking Corp. Ltd. 2.186% (BBSW3M + 0.350%) due 03/18/2024 ~(c)	AUD	2,500	1,716
Park Aerospace Holdings Ltd. 5.250% due 08/15/2022	$	43,426	43,428
Protective Life Global Funding
0.781% due 07/05/2024		8,000	7,516
1.082% due 06/09/2023		14,700	14,359
QNB Finance Ltd. 1.375% due 01/26/2026		8,500	7,735
Santander U.K. Group Holdings PLC
1.089% due 03/15/2025 •		7,000	6,542
3.373% due 01/05/2024 •		4,000	3,982
Santander U.K. PLC 1.625% due 02/12/2023		12,000	11,922
Societe Generale SA
1.293% due 07/15/2023 •	AUD	19,710	13,608
2.226% due 01/21/2026 •	$	3,000	2,799
4.351% due 06/13/2025		1,100	1,098
Sumitomo Mitsui Financial Group, Inc.
1.613% (BBSW3M + 1.250%) due 10/16/2024 ~	AUD	16,800	11,615
1.668% (SOFRRATE + 0.880%) due 01/14/2027 ~	$	22,400	21,708
Sumitomo Mitsui Trust Bank Ltd.
0.800% due 09/16/2024		700	652
0.850% due 03/25/2024		34,100	32,362
1.904% (SOFRRATE + 0.440%) due 09/16/2024 ~		8,700	8,550
Toronto-Dominion Bank 3.226% due 07/24/2024	CAD	200	153
UBS AG
1.582% (BBSW3M + 0.870%) due 07/30/2025 ~	AUD	15,200	10,455
1.585% (BBSW3M + 0.500%) due 02/26/2026 ~		2,000	1,354

Consolidated Schedule of Investments PIMCO Short Asset Portfolio(Cont.) June 30, 2022 (Unaudited)

UBS Group AG
2.361% due 08/15/2023 •	$	500	500
2.361% (US0003M + 0.950%) due 08/15/2023 ~		21,200	21,194
2.789% (SOFRRATE + 1.580%) due 05/12/2026 ~		25,000	24,967
United Overseas Bank Ltd. 1.057% (BBSW3M + 0.530%) due 07/25/2022 ~	AUD	10,300	7,107
Wells Fargo & Co.
2.164% due 02/11/2026 •	$	12,800	12,045
2.509% due 10/27/2023 (c)	CAD	29,400	22,326
			1,272,003
INDUSTRIALS 13.8%
BAT Capital Corp.
2.291% (US0003M + 0.880%) due 08/15/2022 ~	$	37,088	37,064
3.222% due 08/15/2024		3,003	2,922
Bayer U.S. Finance LLC 2.839% (US0003M + 1.010%) due 12/15/2023 ~		40,400	40,196
BMW U.S. Capital LLC 2.250% due 09/15/2023		14,500	14,329
Boeing Co.
1.433% due 02/04/2024		16,200	15,488
4.508% due 05/01/2023		75,562	75,770
Charter Communications Operating LLC
2.936% (US0003M + 1.650%) due 02/01/2024 ~		69,734	70,289
4.908% due 07/23/2025		1,400	1,405
Daimler Finance North America LLC
0.750% due 03/01/2024		7,300	6,941
2.175% (US0003M + 0.840%) due 05/04/2023 ~		62,400	62,302
Delta Air Lines, Inc. 7.375% due 01/15/2026		16,600	16,618
DR Horton, Inc. 1.300% due 10/15/2026		6,000	5,188
Gilead Sciences, Inc. 1.200% due 10/01/2027		2,000	1,724
GSK Consumer Healthcare Capital U.S. LLC 3.024% due 03/24/2024		5,000	4,929
Humana, Inc. 1.350% due 02/03/2027		4,000	3,501
Hyundai Capital America
0.800% due 04/03/2023		45,000	43,917
1.150% due 11/10/2022		1,917	1,903
1.250% due 09/18/2023		108	105
2.375% due 02/10/2023		18,409	18,179
3.250% due 09/20/2022		273	273
5.750% due 04/06/2023		390	396
Imperial Brands Finance PLC
3.500% due 07/26/2026		9,100	8,540
4.250% due 07/21/2025		5,500	5,452
Kia Corp. 3.000% due 04/25/2023		1,050	1,047
Kinder Morgan, Inc. 2.324% (US0003M + 1.280%) due 01/15/2023 ~		17,502	17,516
Kraft Heinz Foods Co. 2.222% (US0003M + 0.820%) due 08/10/2022 ~		45,266	45,188
Leidos, Inc. 2.950% due 05/15/2023		6,000	5,944
Lundin Energy Finance BV 2.000% due 07/15/2026		5,000	4,473
Nissan Motor Co. Ltd. 3.043% due 09/15/2023		8,000	7,870
Penske Truck Leasing Canada, Inc. 2.850% due 12/07/2022 (c)	CAD	14,300	11,096
Penske Truck Leasing Co. LP 3.450% due 07/01/2024	$	16,700	16,358
PepsiCo, Inc. 2.150% due 05/06/2024 (c)	CAD	1,900	1,434
Qatar Energy 1.375% due 09/12/2026	$	3,900	3,516
SABIC Capital BV 4.000% due 10/10/2023		5,191	5,205
Siemens Financieringsmaatschappij NV 0.650% due 03/11/2024		9,700	9,278
SK Broadband Co. Ltd. 3.875% due 08/13/2023		3,500	3,517
SK Telecom Co. Ltd. 3.750% due 04/16/2023		425	426
Thermo Fisher Scientific, Inc. 1.225% (SOFRINDX + 0.350%) due 04/18/2023 ~		24,500	24,395
TWDC Enterprises 18 Corp. 2.758% due 10/07/2024 (c)	CAD	6,500	4,907
VW Credit Canada, Inc. 3.700% due 11/14/2022 (c)		36,468	28,397

Consolidated Schedule of Investments PIMCO Short Asset Portfolio(Cont.) June 30, 2022 (Unaudited)

Woodside Finance Ltd. 3.700% due 09/15/2026	$	5,000	4,826
			632,824
UTILITIES 4.2%
AT&T, Inc.
2.150% (SOFRINDX + 0.640%) due 03/25/2024 ~		10,500	10,405
2.301% (US0003M + 0.890%) due 02/15/2023 ~		16,500	16,504
4.000% due 11/25/2025 (c)	CAD	10,000	7,649
Atmos Energy Corp.
0.625% due 03/09/2023	$	14,700	14,444
2.070% (US0003M + 0.380%) due 03/09/2023 ~		27,900	27,837
Hanwha Energy USA Holdings Corp. 2.375% due 07/30/2022		10,000	9,992
Mississippi Power Co. 1.811% (SOFRRATE + 0.300%) due 06/28/2024 ~		14,400	14,123
NextEra Energy Capital Holdings, Inc. 2.066% (SOFRINDX + 1.020%) due 03/21/2024 ~		33,500	33,264
Pacific Gas & Electric Co.
3.400% due 08/15/2024		1,200	1,154
3.750% due 02/15/2024		5,300	5,184
3.850% due 11/15/2023		5,300	5,231
4.250% due 08/01/2023		800	796
Southern California Edison Co. 2.153% (SOFRINDX + 0.640%) due 04/03/2023 ~		48,100	48,012
Vodafone Group PLC 2.672% (BBSW3M + 1.050%) due 12/13/2022 ~	AUD	700	484
			195,079
Total Corporate Bonds & Notes (Cost $2,142,795)			2,099,906
MUNICIPAL BONDS & NOTES 0.0%
PENNSYLVANIA 0.0%
Pennsylvania Higher Education Assistance Agency Revenue Bonds, Series 2006 1.314% (US0003M) due 10/25/2036 ~	$	860	851
Total Municipal Bonds & Notes (Cost $848)			851
U.S. GOVERNMENT AGENCIES 14.1%
Fannie Mae
1.100% due 03/25/2048 - 06/25/2048 •		10,765	10,700
1.120% due 01/25/2045 •		4,140	4,025
1.150% due 10/25/2044 - 05/25/2058 •		51,180	50,699
1.150% (US0001M + 0.350%) due 09/25/2045 ~		4,847	4,813
1.200% due 07/25/2044 - 05/25/2049 •		18,224	18,088
1.200% (US0001M + 0.400%) due 09/25/2049 ~		1,437	1,426
1.220% (US0001M + 0.420%) due 11/25/2046 ~		2,300	2,285
1.240% (US0001M + 0.440%) due 12/25/2046 ~		1,910	1,898
1.250% due 05/25/2043		7,237	6,672
1.250% due 07/25/2046 •		21,719	21,707
1.356% due 12/25/2048 •		12,004	11,933
1.924% (US0001M + 0.300%) due 01/25/2048 ~		1,894	1,880
2.024% due 09/25/2043 - 07/25/2050 •		15,392	15,295
2.074% due 07/25/2049 - 08/25/2049 •		26,970	26,830
2.124% due 12/25/2049 - 01/25/2050 •		10,535	10,533
Federal Home Loan Bank 1.110% due 07/27/2026		5,000	4,612
Freddie Mac
1.000% due 02/25/2042 - 09/15/2044		59,726	53,157
1.120% due 05/15/2038 •		3,371	3,332
1.130% due 05/15/2041 •		3,322	3,304
1.140% (US0001M + 0.340%) due 06/15/2040 ~		2,835	2,815
1.150% due 12/15/2036 - 09/15/2044 •		123,318	122,285
1.150% (US0001M + 0.350%) due 03/15/2037 - 10/15/2037 ~		36,397	35,957
1.200% due 01/15/2037 - 01/15/2040 •		3,238	3,205
1.240% due 11/15/2042 •		1,502	1,485
1.250% (US0001M + 0.450%) due 12/15/2037 ~		1,230	1,220
1.250% due 05/15/2038 •		2,566	2,540
1.500% due 12/15/2042		4,036	3,590
1.724% due 06/15/2035 - 12/15/2046 •		11,646	11,597
1.724% (US0001M + 0.400%) due 05/15/2037 - 11/15/2043 ~		963	960
1.754% (US0001M + 0.430%) due 06/15/2036 ~		940	938
1.774% (US0001M + 0.450%) due 11/15/2044 ~		1,404	1,408
1.774% due 09/15/2048 - 08/15/2049 •		5,021	5,007
2.500% due 10/25/2048		2,465	2,335
Ginnie Mae
1.003% due 06/20/2066 •		31	31
1.032% due 09/20/2067 •		5,521	5,529
1.047% due 07/20/2067 •		5,404	5,390
1.117% due 11/20/2067 •		972	964
1.171% due 06/20/2051 - 07/20/2051 •		136,032	124,071
1.240% due 08/20/2062 ~		2,623	2,614

Consolidated Schedule of Investments PIMCO Short Asset Portfolio(Cont.) June 30, 2022 (Unaudited)

1.273% (US0001M + 0.470%) due 06/20/2067 ~		344	341
1.303% due 04/20/2061 •		790	784
1.462% due 02/20/2043 •		23,235	23,284
1.503% due 04/20/2070 •		13,754	13,551
1.553% due 08/20/2067 •		1,666	1,660
1.895% due 03/20/2037 •		1,201	1,195
1.905% (US0001M + 0.310%) due 04/20/2037 ~		1,099	1,097
1.968% due 04/20/2067 •		3,324	3,285
2.045% due 04/20/2049 •		6,290	6,258
2.305% due 07/20/2049 •		1,533	1,488
2.500% due 01/20/2049 - 10/20/2049		4,189	3,997
3.379% (US0012M + 0.750%) due 06/20/2067 ~		695	694
3.379% due 06/20/2067 •		2,977	2,967
Total U.S. Government Agencies (Cost $671,365)			647,731
U.S. TREASURY OBLIGATIONS 1.0%
U.S. Treasury Notes
0.750% due 01/31/2028		49,200	43,342
Total U.S. Treasury Obligations (Cost $48,521)			43,342
NON-AGENCY MORTGAGE-BACKED SECURITIES 11.0%
280 Park Avenue Mortgage Trust 2.071% due 09/15/2034 •		15,000	14,730
AREIT Trust 3.508% due 04/15/2037 •		1,566	1,517
Ashford Hospitality Trust 2.224% due 04/15/2035 •		6,063	5,894
Atrium Hotel Portfolio Trust 2.274% (US0001M + 0.950%) due 06/15/2035 ~		5,000	4,844
Barclays Commercial Real Estate Trust 3.966% due 08/10/2033		2,000	1,936
Beneria Cowen & Pritzer Collateral Funding Corp. 2.123% due 06/15/2038 •		5,000	4,811
Brass PLC 2.111% (US0003M + 0.700%) due 11/16/2066 ~		3,115	3,117
Bruegel DAC 0.800% due 05/22/2031 •	EUR	10,235	10,364
BSREP Commercial Mortgage Trust 2.275% due 08/15/2038 •	$	4,400	4,233
BX Commercial Mortgage Trust 2.054% due 10/15/2036 •		18,100	17,242
BX Trust 2.223% due 10/15/2036 •		37,600	35,418
BXMT Ltd. 2.288% (SOFR30A + 1.514%) due 11/15/2037 ~		25,000	24,750
Canada Square Funding PLC 1.970% (SONIO/N + 1.200%) due 12/17/2056 ~	GBP	25,814	31,322
Citigroup Commercial Mortgage Trust 3.024% due 09/10/2045	$	1,112	1,112
Classic RMBS Trust 1.433% due 11/15/2051	CAD	9,203	6,890
Commercial Mortgage Trust 3.373% due 10/10/2048	$	1,288	1,282
Credit Suisse Commercial Mortgage Trust 2.291% due 06/15/2034 •		12,746	12,371
CSAIL Commercial Mortgage Trust 3.351% due 04/15/2050		2,512	2,492
DBCG Mortgage Trust 2.025% due 06/15/2034 •		9,000	8,804
DROP Mortgage Trust 2.470% (US0001M + 1.150%) due 10/15/2043 ~		34,200	33,059
Eurosail PLC 0.000% due 03/13/2045 •	EUR	1,477	1,539
Extended Stay America Trust 2.405% (US0001M + 1.080%) due 07/15/2038 ~	$	57,148	55,803
Fannie Mae 3.500% due 06/25/2048		6,062	5,984
Finsbury Square Green PLC 1.415% due 12/16/2067 •	GBP	6,274	7,490
Gosforth Funding PLC 1.974% (US0003M + 0.450%) due 08/25/2060 ~	$	1,730	1,729
GS Mortgage Securities Corp. Trust 3.419% due 10/10/2032		24,000	23,946
JP Morgan Chase Commercial Mortgage Securities Trust
2.084% due 06/15/2038 •		9,000	8,566
2.124% (US0001M + 0.800%) due 04/15/2038 ~		8,126	7,853
3.093% due 07/05/2032		5,258	5,255
Lehman XS Trust 2.164% due 12/25/2035 •		398	370
MFA Trust
1.131% due 07/25/2060 ~		25,297	23,414
1.381% due 04/25/2065 ~		8,651	8,340
New Residential Mortgage Loan Trust 3.500% due 12/25/2057 ~		3,462	3,387

Consolidated Schedule of Investments PIMCO Short Asset Portfolio(Cont.) June 30, 2022 (Unaudited)

PFP Ltd. 2.559% due 04/14/2037 •		412	409
RESIMAC Bastille Trust 1.450% due 02/03/2053 •		29,988	29,715
Starwood Mortgage Residential Trust 1.486% due 04/25/2065 ~		1,489	1,454
Stratton Mortgage Funding PLC 1.361% (SONIO/N + 0.900%) due 07/20/2060 ~	GBP	7,931	9,579
Taurus UK DAC 1.458% due 05/17/2031 •		15,784	18,566
Towd Point Mortgage Funding PLC 1.527% due 05/20/2045 •		19,392	23,516
UWM Mortgage Trust 1.876% due 12/25/2051 •	$	12,400	11,654
VASA Trust 2.224% due 07/15/2039 •		14,500	13,871
Verus Securitization Trust 1.262% due 10/25/2063 ~		389	379
VMC Finance LLC 2.712% due 06/16/2036 •		6,122	5,973
Wells Fargo Commercial Mortgage Trust 2.105% (US0001M + 0.850%) due 12/13/2031 ~		5,000	4,920
Wells Fargo-RBS Commercial Mortgage Trust 2.083% due 08/15/2047 •		6,350	6,333
Total Non-Agency Mortgage-Backed Securities (Cost $535,698)			506,233
ASSET-BACKED SECURITIES 21.0%
522 Funding CLO Ltd. 2.103% due 10/20/2031 •		30,300	29,605
A10 Bridge Asset Financing LLC 2.021% due 08/15/2040		3,627	3,578
American Money Management Corp. CLO Ltd.
2.018% due 04/14/2029 •		364	362
2.352% (US0003M + 0.950%) due 11/10/2030 ~		10,000	9,842
Apidos CLO 1.974% due 07/17/2030 •		15,000	14,787
Ares CLO Ltd. 2.094% (US0003M + 1.050%) due 01/15/2032 ~		2,300	2,243
Ares European CLO 0.660% due 10/15/2030 •	EUR	21,261	21,880
Ares European CLO DAC 0.780% due 10/15/2031 •		16,300	16,703
Atrium Corp. 1.966% due 04/22/2027 •	$	8,218	8,098
Benefit Street Partners CLO Ltd. 2.074% (US0003M + 1.030%) due 01/17/2032 ~		4,950	4,822
Birch Grove CLO Ltd. 2.959% due 06/15/2031 •		10,000	9,831
Black Diamond CLO DAC
0.650% due 10/03/2029 •	EUR	925	968
0.860% due 01/20/2032 •		1,498	1,550
Blackrock European CLO DAC 0.620% (EUR003M + 0.620%) due 10/15/2031 ~		33,400	33,848
BMW Canada Auto Trust 0.502% due 07/20/2024	CAD	16,600	12,654
Brookside Mill CLO Ltd. 1.864% (US0003M + 0.820%) due 01/17/2028 ~	$	441	441
Cairn CLO DAC
0.600% due 04/30/2031 •	EUR	24,188	25,015
0.780% (EUR003M + 0.780%) due 10/15/2031 ~		25,800	26,349
Carlyle Euro CLO DAC
0.630% (EUR003M + 0.630%) due 08/15/2030 ~		499	512
0.890% due 08/15/2032 •		5,500	5,592
Carlyle Global Market Strategies Euro CLO Ltd. 0.750% due 11/15/2031 •		23,300	23,986
Carlyle U.S. CLO Ltd. 2.063% (US0003M + 1.000%) due 04/20/2031 ~	$	10,000	9,815
Carrington Mortgage Loan Trust 2.183% due 10/20/2029 •		13,567	13,398
Chesapeake Funding LLC 1.950% due 09/15/2031		2,995	2,991
CNH Equipment Trust 2.520% due 08/15/2024		2,101	2,099
Commonbond Student Loan Trust 2.550% due 05/25/2041		258	255
Dryden Euro CLO BV 0.660% due 04/15/2033 •	EUR	20,300	20,640
Dryden Euro CLO DAC 0.860% due 05/15/2034 •		17,300	17,540
Dryden Senior Loan Fund
2.024% due 04/15/2028 •	$	8,843	8,715
2.064% due 04/15/2029 •		1,602	1,580
ECMC Group Student Loan Trust 2.374% due 02/27/2068 •		14,390	13,789

Consolidated Schedule of Investments PIMCO Short Asset Portfolio(Cont.) June 30, 2022 (Unaudited)

Enterprise Fleet Financing LLC 1.780% due 12/22/2025		10,132	10,062
Ford Auto Securitization Trust 0.887% due 08/15/2024	CAD	13,795	10,603
Ford Credit Floorplan Master Owner Trust 2.230% due 09/15/2024	$	33,900	33,901
Gallatin CLO Ltd.
2.134% due 07/15/2031 •		18,980	18,591
2.148% due 01/21/2028 •		8,417	8,348
GMF Canada Leasing Trust 0.641% due 03/20/2024	CAD	27,094	20,893
GMF Floorplan Owner Revolving Trust
0.680% due 08/15/2025	$	3,100	2,996
0.690% due 10/15/2025		3,000	2,886
GoldenTree Loan Management EUR CLO DAC 0.900% due 01/20/2032 •	EUR	4,700	4,786
GPMT Ltd. 2.992% (US0001M + 1.350%) due 12/15/2036 ~	$	3,200	3,101
Harvest CLO DAC
0.630% (EUR003M + 0.630%) due 11/18/2029 ~	EUR	1,921	2,007
0.760% due 07/15/2031 •		17,050	17,206
1.040% due 07/15/2031		250	248
HERA Commercial Mortgage Ltd. 2.662% due 02/18/2038 •	$	4,000	3,935
Hertz Vehicle Financing LLC 1.210% due 12/26/2025		26,100	24,440
Jubilee CLO DAC
0.519% (EUR003M + 0.800%) due 12/15/2029 ~	EUR	6,048	6,270
0.600% due 04/15/2030 •		9,900	10,230
0.610% (EUR003M + 0.610%) due 04/15/2030 ~		15,300	15,839
0.650% due 04/15/2031 •		7,400	7,505
LCCM Trust 2.524% due 12/13/2038 •	$	14,400	14,118
LCM LP 2.103% (US0003M + 1.040%) due 10/20/2027 ~		2,515	2,500
LCM Ltd. 2.143% (US0003M + 1.080%) due 04/20/2031 ~		10,850	10,605
LoanCore Issuer Ltd. 2.624% due 07/15/2036 •		1,400	1,355
Man GLG Euro CLO DAC 0.680% due 10/15/2030 •	EUR	3,586	3,681
Marathon CLO Ltd. 2.375% due 11/21/2027 •	$	860	860
Master Credit Card Trust 2.102% due 07/21/2024 •		10,000	10,003
MBarc Credit Canada, Inc.
0.392% due 07/17/2023	CAD	2,246	1,744
0.630% due 05/15/2024		23,000	17,570
MF1 Ltd. 3.148% (TSFR1M + 1.814%) due 11/15/2035 ~	$	26,300	26,211
MidOcean Credit CLO 2.269% due 01/29/2030 •		14,110	13,928
Mountain View CLO Ltd. 1.841% (US0003M + 0.820%) due 10/13/2027 ~		1,294	1,289
Navient Private Education Loan Trust
2.324% due 04/15/2069 •		5,279	5,201
2.574% due 02/15/2029 •		718	718
Navient Private Education Refi Loan Trust
1.310% due 01/15/2069		14,744	13,751
1.580% due 04/15/2070		11,447	10,134
1.690% due 05/15/2069		6,671	6,259
Navient Student Loan Trust
1.974% due 03/25/2067 •		4,661	4,649
2.004% due 03/25/2067 •		2,571	2,563
2.374% due 03/25/2066 •		660	660
Nelnet Student Loan Trust
2.324% due 09/27/2038 •		14,246	13,916
2.474% due 02/25/2066 •		8,821	8,584
Oak Hill European Credit Partners DAC 0.740% due 10/20/2031 •	EUR	18,400	18,771
Oak Hill European Credit Partners Designated Activity Co. 0.730% due 01/20/2032 •		3,697	3,809
Oscar U.S. Funding Trust LLC 2.760% due 12/10/2024	$	262	262
Palmer Square European Loan Funding DAC
0.730% due 07/15/2031 •	EUR	7,980	8,199
0.780% due 04/15/2031 •		5,537	5,732
SLC Student Loan Trust
1.939% (US0003M + 0.110%) due 03/15/2027 ~	$	302	302
1.949% (US0003M + 0.120%) due 06/15/2029 ~		596	593
SLM Student Loan Trust
1.304% due 01/25/2027 •		1,188	1,183
1.784% (US0003M + 0.600%) due 10/25/2029 ~		21,247	21,098
2.074% (US0001M + 0.450%) due 06/25/2043 ~		18,394	17,906
2.274% due 06/26/2028 •		10,496	10,214
2.274% due 12/27/2038 •		10,054	9,751

Consolidated Schedule of Investments PIMCO Short Asset Portfolio(Cont.) June 30, 2022 (Unaudited)

2.379% (US0003M + 0.550%) due 12/15/2025 ~		446		444
SMB Private Education Loan Trust
1.290% due 07/15/2053		12,689		11,512
2.340% due 09/15/2034		3,169		3,076
2.424% due 07/15/2053 •		1,551		1,525
2.430% due 02/17/2032		3,628		3,509
2.700% due 05/15/2031		3,434		3,374
SoFi Professional Loan Program LLC
2.324% (US0001M + 0.700%) due 03/26/2040 ~		130		130
2.360% due 12/27/2032		58		58
2.824% (US0001M + 1.200%) due 06/25/2033 ~		208		208
Sound Point CLO Ltd. 2.113% due 10/20/2028 •		15,024		14,843
Structured Asset Securities Corp. Mortgage Loan Trust 2.194% due 05/25/2035 •		1,299		1,289
Symphony CLO Ltd. 1.924% due 04/15/2028 •		3,595		3,564
Telos CLO Ltd. 1.994% due 04/17/2028 •		451		452
Tikehau CLO BV 0.870% due 08/04/2034 •	EUR	4,550		4,648
Towd Point Mortgage Trust
1.636% due 04/25/2060 ~	$	50,350		46,836
2.224% due 02/25/2057 •		1,068		1,058
2.710% due 01/25/2060 ~		16,806		16,174
2.900% due 10/25/2059 ~		6,386		6,202
Venture CLO Ltd.
1.924% due 04/15/2027 •		6,347		6,278
2.104% due 07/15/2031 •		7,850		7,717
2.163% (US0003M + 1.100%) due 01/20/2029 ~		13,461		13,332
Voya Euro CLO DAC 0.750% due 10/15/2030 •	EUR	1,450		1,495
Total Asset-Backed Securities (Cost $1,038,249)				963,178
SOVEREIGN ISSUES 0.9%
Export-Import Bank of India 2.505% (US0003M + 1.000%) due 08/21/2022 ~	$	16,705		16,725
Export-Import Bank of Korea 1.662% (BBSW3M + 0.950%) due 10/30/2023 ~	AUD	1,500		1,039
Industrial Bank of Korea 2.125% due 10/23/2024	$	1,600		1,556
Korea Development Bank 0.500% due 10/27/2023		1,700		1,640
Korea Expressway Corp. 1.956% (BBSW3M + 0.720%) due 09/02/2023 ~	AUD	3,000		2,069
Korea National Oil Corp. 1.919% (US0003M + 0.875%) due 07/16/2023 ~	$	18,470		18,568
Total Sovereign Issues (Cost $42,143)				41,597
SHORT-TERM INSTRUMENTS 6.4%
REPURCHASE AGREEMENTS (d) 5.9%				270,915
ISRAEL TREASURY BILLS 0.4%
(0.033)% due 08/03/2022 - 12/07/2022 (a)(b)	ILS	64,800		18,520
U.S. TREASURY BILLS 0.1%
1.046% due 08/18/2022 (a)(b)(g)	$	5,381		5,371
				5,371
Total Short-Term Instruments (Cost $296,855)				294,806
Total Investments in Securities (Cost $4,776,474)				4,597,644
Total Investments 100.1% (Cost $4,776,474)			$	4,597,644
Financial Derivative Instruments(e)(f)0.3%(Cost or Premiums, net $(8,248))				13,794
Other Assets and Liabilities, net (0.4)%				(19,063)
Net Assets 100.0%			$	4,592,375

Consolidated Schedule of Investments PIMCO Short Asset Portfolio(Cont.) June 30, 2022 (Unaudited)

NOTES TO CONSOLIDATED 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.
~	Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.
•	Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.
(a)	Coupon represents a weighted average yield to maturity.
(b)	Zero coupon security.
(c)	RESTRICTED SECURITIES:
Issuer Description									Coupon			Maturity Date				Acquisition Date											Cost																Market Value									Market Value as Percentage of Net Assets
AT&T, Inc.								4.000			%	11/25/2025				10/02/2020								$			8,085									$							7,649									0.17					%
Bank of America Corp.								3.301				04/24/2024				10/16/2020-02/09/2022											12,189																12,122									0.26
Oversea-Chinese Banking Corp. Ltd.								2.186				03/18/2024				11/04/2021											1,850																1,716									0.04
Penske Truck Leasing Canada, Inc.								2.850				12/07/2022				03/09/2021-08/06/2021											11,403																11,096									0.24
PepsiCo, Inc.								2.150				05/06/2024				10/21/2020											1,482																1,434									0.03
TWDC Enterprises 18 Corp.								2.758				10/07/2024				09/28/2020-11/30/2020											5,151																4,907									0.11
VW Credit Canada, Inc.								3.700				11/14/2022				12/14/2020-08/06/2021											29,202																28,397									0.62
Wells Fargo & Co.								2.509				10/27/2023				10/15/2020-03/29/2021											23,540																22,326									0.49
																							$			92,902									$							89,647									1.96%
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		0.400%	06/30/2022	07/01/2022	$		5,366						U.S. Treasury Notes 3.000% due 06/30/2024																	$		(5,474)									$					5,366				$						5,366
NXN		1.480	06/30/2022	07/01/2022			263,300						U.S. Treasury Notes 1.250% due 09/30/2028																			(268,845)														263,300										263,311
SSB		0.400	06/30/2022	07/01/2022			2,249						U.S. Treasury Notes 1.875% due 06/30/2026(2)																			(2,294)														2,249										2,249
Total Repurchase Agreements																														$		(276,613)									$					270,915				$						270,926
SHORT SALES:
Description																	Coupon	Maturity Date										Principal Amount												Proceeds										Payable for Short Sales(3)
U.S. Treasury Obligations (1.2)%
U.S. Treasury Notes																	0.750%	01/31/2028							$				60,000								$								(57,322)				$							(53,230)
Total Short Sales (1.2)%																																					$								(57,322)				$							(53,230)
(1)	Includes accrued interest.
(2)	Collateral is held in custody by the counterparty.
(3)	Payable for short sales includes $(374) of accrued interest.
(4)	The average amount of borrowings outstanding during the period ended June 30, 2022 was $(161,787) at a weighted average interest rate of 0.556%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.
(e)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
FUTURES CONTRACTS:
LONG FUTURES CONTRACTS
																																		Variation Margin
Description						Expiration Month				# of Contracts					Notional Amount							Unrealized Appreciation/ (Depreciation)																	Asset																Liability
3-Month SOFR Active Contract June Futures						09/2023				463				$	112,075					$		(2,274)												$					249									$							0
U.S. Treasury 2-Year Note September Futures						09/2022				211					44,313							(111)																	119																0
																			$		(2,385)												$					368									$							0

Consolidated Schedule of Investments PIMCO Short Asset Portfolio(Cont.) June 30, 2022 (Unaudited)

SHORT FUTURES CONTRACTS
																																																							Variation Margin
Description																Expiration Month				# of Contracts										Notional Amount														Unrealized Appreciation/ (Depreciation)													Asset																Liability
U.S. Treasury 5-Year Note September Futures																09/2022				9,253					$					(1,038,649)									$					5,432											$		0										$						(6,506)
U.S. Treasury 10-Year Ultra September Futures																09/2022				1,789										(227,874)														(693)													0																(2,376)
U.S. Treasury Ultra Long-Term Bond September Futures																09/2022				53										(8,180)														85													0																(124)
																																						$					4,824											$		0										$						(9,006)
Total Futures Contracts																																						$					2,439											$		368										$						(9,006)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CREDIT INDICES - BUY PROTECTION(1)
																																																										Variation Margin
Index/Tranches				Fixed (Pay) Rate			Payment Frequency				Maturity Date										Notional Amount(2)										Premiums Paid/ (Received)									Unrealized Appreciation/ (Depreciation)											Market Value(3)											Asset												Liability
CDX.IG-37 5-Year Index				(1.000)%			Quarterly				12/20/2026							$			360,300					$					(8,248)				$					7,356							$				(892)								$			61							$					0
INTEREST RATE SWAPS -BASIS SWAPS
																																																										Variation Margin
Pay Floating Rate Index			Receive Floating Rate Index						Payment Frequency					Maturity Date									Notional Amount								Premiums Paid/ (Received)									Unrealized Appreciation/ (Depreciation)											Market Value											Asset												Liability
3-Month USD-LIBOR			01-Month USD-LIBOR + 0.098%							Quarterly					01/13/2023				$					833,000			$					0				$					(58)							$				(58)								$			0							$					(212)
3-Month USD-LIBOR			01-Month USD-LIBOR + 0.098%							Quarterly					01/13/2023									637,200								0									(46)											(46)											0												(162)
																										$					0				$					(104)							$				(104)								$			0							$					(374)
INTEREST RATE SWAPS
																																																										Variation Margin
Pay/ Receive Floating Rate		Floating Rate Index				Fixed Rate		Payment Frequency					Maturity Date									Notional Amount											Premiums Paid/ (Received)									Unrealized Appreciation/ (Depreciation)											Market Value											Asset												Liability
Pay(4)		1-Day USD-SOFR Compounded-OIS				2.703%		Annual					03/31/2024									16,000						$					0				$					(89)							$				(89)								$			29							$					0
Pay(4)		1-Day USD-SOFR Compounded-OIS				2.705		Annual					03/31/2024									1,247,500											0									(6,907)											(6,907)											2,275												0
Pay		1-Day USD-SOFR Compounded-OIS				0.809		Annual					11/22/2024									96,900											0									(4,485)											(4,485)											265												0
Pay		1-Day USD-SOFR Compounded-OIS				0.821		Annual					11/22/2024									663,000											0									(30,441)											(30,441)											1,815												0
																										$					0				$					(41,922)							$				(41,922)								$			4,384							$					0
Total Swap Agreements																										$					(8,248)				$					(34,670)							$				(42,918)								$			4,445							$					(374)
Cash of $25,089 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2022.
(1)	If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive 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)	The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(3)	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.
(4)	This instrument has a forward starting effective date.
(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
BOA					07/2022							CAD					21,914												$					17,268												$				241															$			0
					07/2022							GBP					78,474																	99,222																3,617																		0

Consolidated Schedule of Investments PIMCO Short Asset Portfolio(Cont.) June 30, 2022 (Unaudited)

			07/2022	$	11,288			CAD	14,605						60				0
BPS			07/2022	ILS	45			$	13						0				0
			07/2022	$	21,565			CAD	27,306						0				(349)
			07/2022		327,400			EUR	311,284						7				(1,166)
			07/2022		2,240			GBP	1,828						0				(13)
			08/2022	EUR	306,943			$	323,431						1,149				0
CBK			08/2022	ILS	17,801				5,556						449				0
			11/2022		19,714				6,317						620				0
			12/2022		27,305				8,860						949				0
HUS			07/2022	EUR	308,200				332,362						9,353				0
			07/2022	$	6,979			CAD	9,045						48				0
			08/2022		4,424			AUD	6,328						0				(52)
MYI			08/2022	CAD	29,756			$	23,043						0				(75)
RBC			07/2022	$	36,904			CAD	47,420						8				(68)
			08/2022	AUD	125,487			$	89,212						2,514				0
			08/2022	CAD	43,361				33,723						34				0
RYL			07/2022	$	2,050			GBP	1,685						3				0
TOR			07/2022	CAD	239,367			$	187,407						1,426				0
			07/2022	$	103,508			CAD	133,165						139				(182)
			08/2022	CAD	130,948			$	101,781						180				(138)
			08/2022	GBP	74,961				90,976						0				(393)
Total Forward Foreign Currency Contracts												$		20,797			$	(2,436)
(g)		Securities with an aggregate market value of $362 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2022.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory						Level 1				Level 2			Level 3			Fair Value at 06/30/2022
Investments in Securities, at Value
Corporate Bonds & Notes
	Banking & Finance					$	0			$	1,272,003		$	0		$	1,272,003
	Industrials						0				632,824			0			632,824
	Utilities						0				195,079			0			195,079
Municipal Bonds & Notes
	Pennsylvania						0				851			0			851
U.S. Government Agencies							0				647,731			0			647,731
U.S. Treasury Obligations							0				43,342			0			43,342
Non-Agency Mortgage-Backed Securities							0				506,233			0			506,233
Asset-Backed Securities							0				963,178			0			963,178
Sovereign Issues							0				41,597			0			41,597
Short-Term Instruments
	Repurchase Agreements						0				270,915			0			270,915
	Israel Treasury Bills						0				18,520			0			18,520
	U.S. Treasury Bills						0				5,371			0			5,371
Total Investments						$	0			$	4,597,644		$	0		$	4,597,644
Short Sales, at Value - Liabilities
U.S. Treasury Obligations						$	0			$	(53,230)		$	0		$	(53,230)
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared							0				4,813			0			4,813
Over the counter							0				20,797			0			20,797
						$	0			$	25,610		$	0		$	25,610
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared							0				(9,380)			0			(9,380)
Over the counter							0				(2,436)			0			(2,436)
						$	0			$	(11,816)		$	0		$	(11,816)
Total Financial Derivative Instruments						$	0			$	13,794		$	0		$	13,794
Totals						$	0			$	4,558,208		$	0		$	4,558,208
There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Schedule of Investments PIMCO Short-Term Floating NAV Portfolio II June 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 113.6% ¤
CORPORATE BONDS & NOTES 23.9%
BANKING & FINANCE 18.1%
ABN AMRO Bank NV 1.844% (US0003M + 0.800%) due 07/19/2022 ~	$	6,000	$	6,000
AerCap Ireland Capital DAC 4.500% due 09/15/2023		19,600		19,519
American Express Co.
1.896% (US0003M + 0.610%) due 08/01/2022 ~		1,850		1,850
2.500% due 08/01/2022		14,700		14,700
American Honda Finance Corp. 1.950% due 05/10/2023		1,200		1,188
Athene Global Funding 2.192% (US0003M + 1.230%) due 07/01/2022 ~		18,500		18,500
Banco Santander SA 3.848% due 04/12/2023		2,200		2,199
Bank of America Corp. 3.004% due 12/20/2023 •		12,000		11,964
Bank of Montreal 2.350% due 09/11/2022		6,200		6,195
Bank of Nova Scotia
1.950% due 02/01/2023		700		695
2.450% due 09/19/2022		2,400		2,400
Banque Federative du Credit Mutuel SA 0.650% due 02/27/2024		4,600		4,371
BNZ International Funding Ltd. 2.650% due 11/03/2022		17,400		17,394
Canadian Imperial Bank of Commerce
1.847% (SOFRRATE + 0.340%) due 06/22/2023 ~		22,500		22,330
2.307% (SOFRRATE + 0.800%) due 03/17/2023 ~		4,099		4,098
Chubb INA Holdings, Inc. 2.875% due 11/03/2022		2,100		2,101
Citigroup, Inc.
2.134% (US0003M + 0.950%) due 07/24/2023 ~		2,500		2,494
2.700% due 10/27/2022		33,805		33,837
2.876% due 07/24/2023 •		8,400		8,397
CK Hutchison International Ltd.
2.750% due 03/29/2023		5,000		4,982
3.250% due 04/11/2024		1,000		996
Cooperatieve Rabobank UA
1.469% (US0003M + 0.480%) due 01/10/2023 ~		900		898
3.057% (US0003M + 0.860%) due 09/26/2023 ~		6,040		6,069
3.875% due 09/26/2023		4,170		4,168
Credit Agricole SA 2.204% (US0003M + 1.020%) due 04/24/2023 ~		3,200		3,200
Credit Suisse AG
1.000% due 05/05/2023		5,000		4,895
1.466% (SOFRINDX + 0.390%) due 02/02/2024 ~		4,500		4,437
1.549% (SOFRINDX + 0.380%) due 08/09/2023 ~		33,300		33,076
Credit Suisse Group Funding Guernsey Ltd. 3.800% due 09/15/2022		47,250		47,293
DBS Group Holdings Ltd. 1.804% (US0003M + 0.620%) due 07/25/2022 ~		43,000		42,958
Deutsche Bank AG
2.601% (US0003M + 1.190%) due 11/16/2022 ~		52,365		52,353
3.300% due 11/16/2022		23,900		23,898
3.950% due 02/27/2023		9,000		8,983
Dexia Credit Local SA
2.375% due 09/20/2022		20,000		20,005
3.250% due 09/26/2023		2,000		2,006
DNB Bank ASA
2.150% due 12/02/2022		30,000		29,960
2.231% (US0003M + 0.620%) due 12/02/2022 ~		41,900		41,884
European Bank for Reconstruction & Development 1.485% (SOFRRATE + 0.260%) due 08/19/2022 ~		21,800		21,806
European Investment Bank
1.144% (US0003M + 0.100%) due 01/19/2023 ~		26,000		25,997
1.231% due 01/30/2023 •		117,000		117,128
1.239% due 01/30/2023 •		3,685		3,689
Fidelity National Financial, Inc. 5.500% due 09/01/2022		8,600		8,633
FMS Wertmanagement 0.250% due 10/26/2022		11,000		10,980

Schedule of Investments PIMCO Short-Term Floating NAV Portfolio II(Cont.) June 30, 2022 (Unaudited)

General Motors Financial Co., Inc.
2.439% (SOFRRATE + 1.200%) due 11/17/2023 ~	26,000	25,635
3.550% due 07/08/2022	89,602	89,603
3.700% due 05/09/2023	25,492	25,495
4.150% due 06/19/2023	40,571	40,610
4.250% due 05/15/2023	15,458	15,516
Goldman Sachs Group, Inc.
0.523% due 03/08/2023	1,100	1,079
1.217% due 12/06/2023	5,700	5,496
2.184% (US0003M + 1.000%) due 07/24/2023 ~	7,000	6,994
2.255% (US0003M + 0.750%) due 02/23/2023 ~	94,500	94,366
2.905% due 07/24/2023 •	24,561	24,554
Hana Bank
2.014% (US0003M + 0.800%) due 07/26/2023 ~	6,000	6,023
2.521% (US0003M + 0.800%) due 03/13/2023 ~	800	802
2.620% (US0003M + 0.875%) due 09/14/2022 ~	5,100	5,103
2.977% (US0003M + 0.700%) due 10/02/2022 ~	16,200	16,216
HSBC Holdings PLC 3.033% due 11/22/2023 •	20,044	19,956
Inter-American Development Bank
1.114% (US0003M + 0.070%) due 07/15/2022 ~	5,350	5,349
1.706% (SOFRRATE + 0.260%) due 09/16/2022 ~	90,500	90,531
International Bank for Reconstruction & Development 0.904% due 01/13/2023 •	111,700	111,713
International Finance Corp. 1.601% due 06/30/2023 •	24,000	23,988
International Lease Finance Corp. 5.875% due 08/15/2022	17,300	17,333
Jackson National Life Global Funding 1.322% (SOFRRATE + 0.600%) due 01/06/2023 ~	8,300	8,294
Kookmin Bank 2.875% due 03/25/2023	1,050	1,047
Lloyds Bank PLC 2.250% due 08/14/2022	1,600	1,600
MET Tower Global Funding 1.425% due 01/17/2023 •	12,100	12,089
Metropolitan Life Global Funding 1.772% (SOFRRATE + 0.350%) due 09/08/2022 ~	12,700	12,697
Mitsubishi HC Capital, Inc. 2.652% due 09/19/2022	7,400	7,400
Mitsubishi UFJ Financial Group, Inc.
1.974% (US0003M + 0.790%) due 07/25/2022 ~	49,394	49,380
2.074% (US0003M + 0.860%) due 07/26/2023 ~	20,300	20,299
2.351% (US0003M + 0.740%) due 03/02/2023 ~	34,632	34,640
2.623% due 07/18/2022	4,100	4,100
2.665% due 07/25/2022	35,400	35,408
3.455% due 03/02/2023	12,700	12,722
3.761% due 07/26/2023	6,000	5,998
Mizuho Financial Group, Inc.
1.884% (US0003M + 0.840%) due 07/16/2023 ~	34,231	34,230
2.154% (US0003M + 0.630%) due 05/25/2024 ~	5,500	5,441
2.401% (US0003M + 0.790%) due 03/05/2023 ~	14,800	14,803
2.571% (US0003M + 0.850%) due 09/13/2023 ~	5,500	5,495
2.601% (US0003M + 0.880%) due 09/11/2022 ~	77,400	77,366
2.721% due 07/16/2023 •	10,718	10,718
Morgan Stanley 2.584% (US0003M + 1.400%) due 10/24/2023 ~	73,710	73,717
MUFG Union Bank NA 2.156% (SOFRRATE + 0.710%) due 12/09/2022 ~	17,950	17,951
Nasdaq, Inc. 0.445% due 12/21/2022	2,020	1,994
Nationwide Building Society
0.550% due 01/22/2024	12,600	11,976
2.000% due 01/27/2023	7,300	7,244
Natwest Markets PLC 3.174% (SOFRRATE + 1.662%) due 09/29/2022 ~	25,000	25,035
New York Life Global Funding 1.451% (US0003M + 0.440%) due 07/12/2022 ~	20,400	20,397
Nissan Motor Acceptance Co. LLC
1.671% (US0003M + 0.650%) due 07/13/2022 ~	600	600
2.650% due 07/13/2022	1,602	1,602
2.924% due 09/28/2022 •	6,100	6,080
Nordea Bank Abp
1.000% due 06/09/2023	3,785	3,695
2.538% (US0003M + 0.940%) due 08/30/2023 ~	2,000	1,998
ORIX Corp. 2.900% due 07/18/2022	30,750	30,750
Royal Bank of Canada
1.404% (US0003M + 0.360%) due 01/17/2023 ~	4,300	4,295
1.439% (SOFRINDX + 0.450%) due 10/26/2023 ~	4,600	4,569
1.900% due 09/23/2022	4,500	4,494
Santander Holdings USA, Inc. 3.400% due 01/18/2023	2,241	2,238
Skandinaviska Enskilda Banken AB
1.900% (US0003M + 0.320%) due 09/01/2023 ~	13,800	13,738
2.366% (US0003M + 0.645%) due 12/12/2022 ~	36,600	36,610

Schedule of Investments PIMCO Short-Term Floating NAV Portfolio II(Cont.) June 30, 2022 (Unaudited)

Standard Chartered PLC 2.104% (SOFRRATE + 1.250%) due 10/14/2023 ~	62,400	62,406
Sumitomo Mitsui Financial Group, Inc.
1.784% (US0003M + 0.740%) due 10/18/2022 ~	600	600
1.784% (US0003M + 0.740%) due 01/17/2023 ~	4,381	4,374
1.791% (US0003M + 0.780%) due 07/12/2022 ~	48,400	48,394
2.778% due 10/18/2022	1,000	1,001
2.784% due 07/12/2022	13,000	13,001
3.102% due 01/17/2023	6,000	5,999
Sumitomo Mitsui Trust Bank Ltd. 0.850% due 03/25/2024	8,000	7,592
Toronto-Dominion Bank
1.510% (SOFRRATE + 0.480%) due 01/27/2023 ~	14,400	14,360
1.744% (SOFRRATE + 0.355%) due 03/04/2024 ~	3,300	3,260
Toyota Motor Credit Corp.
1.118% (SOFRINDX + 0.330%) due 01/11/2024 ~	21,600	21,388
1.194% (SOFRRATE + 0.340%) due 10/14/2022 ~	1,000	999
1.860% due 06/13/2023 •	13,000	12,947
Truist Bank 3.000% due 02/02/2023	400	400
UBS AG 1.668% (SOFRRATE + 0.320%) due 06/01/2023 ~	38,100	37,966
UBS Group AG 2.361% (US0003M + 0.950%) due 08/15/2023 ~	40,000	39,989
Visa, Inc. 2.150% due 09/15/2022	2,000	1,999
Wells Fargo & Co. 2.469% (US0003M + 1.230%) due 10/31/2023 ~	30,000	30,019
Westpac Banking Corp. 2.131% (US0003M + 0.720%) due 05/15/2023 ~	2,200	2,201
Woori Bank 2.156% (US0003M + 0.870%) due 02/01/2023 ~	1,600	1,603
		2,260,096
INDUSTRIALS 4.2%
7-Eleven, Inc. 0.625% due 02/10/2023	3,500	3,433
AbbVie, Inc.
2.155% (US0003M + 0.650%) due 11/21/2022 ~	3,482	3,483
2.300% due 11/21/2022	4,595	4,587
2.800% due 03/15/2023	430	429
2.900% due 11/06/2022	45,057	45,060
3.200% due 11/06/2022	28,723	28,742
3.250% due 10/01/2022	1,670	1,670
AstraZeneca PLC 0.300% due 05/26/2023	19,200	18,774
BAT Capital Corp. 2.291% (US0003M + 0.880%) due 08/15/2022 ~	8,862	8,856
BMW Finance NV
2.190% (US0003M + 0.790%) due 08/12/2022 ~	12,200	12,198
2.250% due 08/12/2022	36,000	36,001
Boeing Co.
1.167% due 02/04/2023	53,802	53,208
4.508% due 05/01/2023	9,587	9,613
BP Capital Markets America, Inc. 2.746% (US0003M + 0.650%) due 09/19/2022 ~	2,000	1,999
Burlington Northern Santa Fe LLC 3.000% due 03/15/2023	1,000	999
Canadian Natural Resources Ltd. 2.950% due 01/15/2023	23,100	23,021
CVS Health Corp. 2.750% due 12/01/2022	1,100	1,100
Daimler Finance North America LLC 2.550% due 08/15/2022	8,600	8,603
Daimler Trucks Finance North America LLC
1.125% due 12/14/2023	1,750	1,681
1.930% (SOFRRATE + 0.500%) due 06/14/2023 ~	7,600	7,571
DR Horton, Inc. 4.375% due 09/15/2022	1,977	1,979
eBay, Inc. 2.109% (US0003M + 0.870%) due 01/30/2023 ~	1,800	1,802
Elevance Health, Inc. 0.450% due 03/15/2023	7,900	7,739
ERAC USA Finance LLC 3.300% due 10/15/2022	25,100	25,089
Fiserv, Inc. 3.500% due 10/01/2022	3,600	3,600
General Mills, Inc. 6.410% due 10/15/2022	1,300	1,312
Gilead Sciences, Inc. 0.750% due 09/29/2023	3,574	3,461
HP, Inc. 4.050% due 09/15/2022	3,500	3,514
Humana, Inc.
0.650% due 08/03/2023	7,585	7,342

Schedule of Investments PIMCO Short-Term Floating NAV Portfolio II(Cont.) June 30, 2022 (Unaudited)

3.150% due 12/01/2022	4,000	4,002
Huntington Ingalls Industries, Inc. 0.670% due 08/16/2023	1,600	1,544
Hyundai Capital America
0.800% due 04/03/2023	2,000	1,952
0.800% due 01/08/2024	2,300	2,186
1.150% due 11/10/2022	22,100	21,945
2.375% due 02/10/2023	10,200	10,072
2.850% due 11/01/2022	1,335	1,332
3.250% due 09/20/2022	5,100	5,099
5.750% due 04/06/2023	1,875	1,904
Kansas City Southern 3.000% due 05/15/2023	10,700	10,670
Kinder Morgan, Inc. 2.324% (US0003M + 1.280%) due 01/15/2023 ~	7,200	7,206
Leidos, Inc. 2.950% due 05/15/2023	2,000	1,981
Marriott International, Inc. 2.125% due 10/03/2022	10,900	10,871
Mitsubishi Corp. 2.625% due 07/14/2022	1,500	1,500
Mondelez International Holdings Netherlands BV 2.125% due 09/19/2022	1,500	1,497
Moody's Corp. 2.625% due 01/15/2023	2,500	2,495
Nissan Motor Co. Ltd. 3.043% due 09/15/2023	3,000	2,951
Oracle Corp.
2.400% due 09/15/2023	1,824	1,797
2.625% due 02/15/2023	6,000	5,977
Panasonic Holdings Corp. 2.536% due 07/19/2022	9,250	9,249
Penske Truck Leasing Co. LP 4.875% due 07/11/2022	400	400
Pernod Ricard SA 4.250% due 07/15/2022	400	400
Phillips 66 0.900% due 02/15/2024	7,800	7,432
Precision Castparts Corp. 2.500% due 01/15/2023	200	200
Siemens Financieringsmaatschappij NV 0.400% due 03/11/2023	11,000	10,801
Sky Ltd. 3.125% due 11/26/2022	300	300
Southern Co. 1.554% (SOFRRATE + 0.370%) due 05/10/2023 ~	33,800	33,545
Thermo Fisher Scientific, Inc. 0.797% due 10/18/2023	2,500	2,424
Time Warner Entertainment Co. LP 8.375% due 03/15/2023	8,112	8,350
TWDC Enterprises 18 Corp. 2.125% due 09/13/2022	7,779	7,779
Union Pacific Corp. 3.500% due 06/08/2023	500	500
VMware, Inc. 0.600% due 08/15/2023	600	580
Volkswagen Group of America Finance LLC 2.700% due 09/26/2022	10,729	10,713
Walgreen Co. 3.100% due 09/15/2022	3,200	3,206
Walt Disney Co. 1.970% (US0003M + 0.390%) due 09/01/2022 ~	10,000	9,993
		529,719
UTILITIES 1.6%
AT&T, Inc. 2.301% (US0003M + 0.890%) due 02/15/2023 ~	8,000	8,002
Atmos Energy Corp.
0.625% due 03/09/2023	26,060	25,607
2.070% (US0003M + 0.380%) due 03/09/2023 ~	2,400	2,395
Duke Energy Corp. 1.688% (SOFRRATE + 0.250%) due 06/10/2023 ~	18,000	17,854
Florida Power & Light Co.
1.181% (SOFRINDX + 0.380%) due 01/12/2024 ~	52,700	51,974
2.750% due 06/01/2023	200	199
National Rural Utilities Cooperative Finance Corp. 2.700% due 02/15/2023	1,700	1,697
NextEra Energy Capital Holdings, Inc.
0.650% due 03/01/2023	16,200	15,927
1.498% (SOFRINDX + 0.400%) due 11/03/2023 ~	17,000	16,759

Schedule of Investments PIMCO Short-Term Floating NAV Portfolio II(Cont.) June 30, 2022 (Unaudited)

1.775% (US0003M + 0.270%) due 02/22/2023 ~	57,700	57,347
		197,761
Total Corporate Bonds & Notes (Cost $2,998,797)		2,987,576
MUNICIPAL BONDS & NOTES 0.0%
CALIFORNIA 0.0%
California Infrastructure & Economic Development Bank Revenue Bonds, Series 2020 0.850% due 01/01/2050	6,000	5,920
Total Municipal Bonds & Notes (Cost $5,938)		5,920
U.S. GOVERNMENT AGENCIES 5.4%
Federal Farm Credit Banks Funding Corp. 1.610% due 11/16/2022 •	42,000	42,006
Federal Home Loan Bank
1.525% due 02/08/2023 - 03/15/2023 •	560,000	560,035
1.540% due 06/07/2023 •	80,000	80,007
Total U.S. Government Agencies (Cost $682,000)		682,048
ASSET-BACKED SECURITIES 0.4%
ARI Fleet Lease Trust 1.495% due 04/17/2023	13,814	13,751
DLLST LLC 1.560% due 05/22/2023	16,102	16,054
MMAF Equipment Finance LLC 1.482% due 05/03/2023	19,950	19,919
Total Asset-Backed Securities (Cost $49,866)		49,724
SOVEREIGN ISSUES 2.6%
Emirate of Abu Dhabi Government International Bond 2.500% due 10/11/2022	1,700	1,701
Export-Import Bank of Korea
1.769% (US0003M + 0.800%) due 07/05/2022 ~	11,300	11,300
2.211% (US0003M + 0.925%) due 11/01/2022 ~	16,150	16,183
2.401% (US0003M + 0.775%) due 06/01/2023 ~	8,700	8,731
2.425% (US0003M + 1.200%) due 04/27/2023 ~	4,000	4,030
Industrial Bank of Korea 1.634% (US0003M + 0.450%) due 10/23/2022 ~	24,500	24,523
Japan Bank for International Cooperation 2.375% due 11/16/2022	6,000	5,996
Kommuninvest Sverige AB 0.125% due 07/20/2022	54,200	54,152
Korea Development Bank
1.694% (US0003M + 0.725%) due 07/06/2022 ~	16,300	16,300
1.805% (US0003M + 0.350%) due 02/18/2023 ~	10,000	9,999
2.039% (US0003M + 0.800%) due 10/30/2022 ~	8,300	8,315
2.494% (US0003M + 1.450%) due 04/16/2023 ~	3,500	3,533
2.752% (US0003M + 0.475%) due 10/01/2022 ~	3,000	3,001
Province of Alberta 2.200% due 07/26/2022	25,366	25,367
Svensk Exportkredit AB
0.250% due 10/05/2022	70,000	69,668
2.000% due 08/30/2022	5,000	4,997
2.479% (SOFRINDX + 1.000%) due 12/19/2022 ~	56,000	56,237
Total Sovereign Issues (Cost $324,419)		324,033
SHORT-TERM INSTRUMENTS 81.3%
CERTIFICATES OF DEPOSIT 0.6%
Barclays Bank PLC 1.050% due 02/01/2023	53,000	52,335
Sumitomo Mitsui Banking Corp. 1.670% (SOFRRATE + 0.170%) due 09/06/2022 ~	19,900	19,895
		72,230
COMMERCIAL PAPER 2.0%
AT&T, Inc. 0.800% due 07/12/2022	65,300	65,259
Constellation Brands, Inc.
1.700% due 07/01/2022	22,000	21,999
1.750% due 07/08/2022	28,300	28,287
2.400% due 07/15/2022	19,600	19,583
Crown Castle International Corp. 2.400% due 07/12/2022	80,100	80,043
International Flavors & Fragrances, Inc. 3.000% due 07/15/2022	19,900	19,884

Schedule of Investments PIMCO Short-Term Floating NAV Portfolio II(Cont.) June 30, 2022 (Unaudited)

Molson Coors Brewing Co. 1.850% due 07/06/2022	5,000		4,998
Verizon Communications, Inc. 1.250% due 07/12/2022	7,400		7,395
			247,448
REPURCHASE AGREEMENTS (d) 48.8%			6,099,931
SHORT-TERM NOTES 8.2%
Federal Home Loan Bank
1.505% due 09/15/2022 •	47,000		47,001
1.510% due 08/26/2022 - 09/16/2022 •	905,000		905,039
Southern California Edison Co. 1.845% (SOFRRATE + 0.470%) due 12/02/2022 ~	68,200		68,054
			1,020,094
U.S. TREASURY BILLS 8.7%
0.918% due 07/07/2022 - 09/29/2022 (a)(b)(c)	1,086,490		1,085,060
U.S. TREASURY CASH MANAGEMENT BILLS 13.0%
1.744% due 09/13/2022 - 10/25/2022 (b)(c)	1,638,600		1,630,124
Total Short-Term Instruments (Cost $10,156,324)			10,154,887
Total Investments in Securities (Cost $14,217,344)			14,204,188
Total Investments 113.6% (Cost $14,217,344)		$	14,204,188
Other Assets and Liabilities, net (13.6)%			(1,700,622)
Net Assets 100.0%		$	12,503,566

Schedule of Investments PIMCO Short-Term Floating NAV Portfolio II(Cont.) June 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.
~		Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.
•		Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.
(a)		When-issued security.
(b)		Coupon represents a weighted average yield to maturity.
(c)		Zero coupon security.
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)
BCY			1.530%	06/30/2022	07/01/2022	$	430,000		U.S. Treasury Bonds 4.500% due 05/15/2038					$		(443,138)		$		430,000	$		430,018
			1.530	07/01/2022	07/05/2022		500,000		U.S. Treasury Bonds 4.500% due 05/15/2038							(509,190)				500,000			500,000
			1.530	07/01/2022	07/05/2022		250,000		U.S. Treasury Notes 0.750% due 03/31/2026							(254,941)				250,000			250,000
BOS			1.490	06/30/2022	07/01/2022		634,800		U.S. Treasury Bonds 3.000% due 02/15/2047							(203,354)				634,800			634,826
									U.S. Treasury Notes 3.250% due 06/30/2029							(444,962)
			1.520	07/01/2022	07/05/2022		377,400		U.S. Treasury Bonds 1.750% - 3.125% due 08/15/2041 - 05/15/2049							(386,755)				377,400			377,400
DEU			1.480	07/01/2022	07/05/2022		70,000		U.S. Treasury Bonds 3.000% due 08/15/2048							(72,054)				70,000			70,000
FICC			0.400	06/30/2022	07/01/2022		25,389		U.S. Treasury Notes 3.000% due 06/30/2024							(25,897)				25,389			25,389
			1.430	06/30/2022	07/01/2022		101,300		U.S. Treasury Inflation Protected Securities 3.625% due 04/15/2028							(103,326)				101,300			101,304
			1.450	06/30/2022	07/01/2022		1,323,100		U.S. Treasury Inflation Protected Securities 2.500% due 01/15/2029							(274,805)				1,323,100			1,323,153
									U.S. Treasury Notes 0.875% - 2.875% due 11/30/2028 - 05/15/2029							(1,074,757)
JPS			0.060	08/18/2021	TBD(2)		351,704		U.S. Treasury Bonds 1.375% due 11/15/2040							(130,703)				351,704			351,890
									U.S. Treasury Inflation Protected Securities 0.125% - 0.250% due 01/15/2023 - 01/15/2025							(153,458)
			0.060	12/07/2021	TBD(2)		266,438		U.S. Treasury Bonds 2.250% due 08/15/2046							(203,895)				266,438			266,529
			1.450	06/23/2022	07/07/2022		185,000		U.S. Treasury Bills 0.000% due 12/22/2022							(186,585)				185,000			185,060
			1.500	06/30/2022	07/14/2022		105,000		U.S. Treasury Bills 0.000% due 12/29/2022							(107,185)				105,000			105,004
			1.540	06/30/2022	07/01/2022		150,600		U.S. Treasury Bonds 3.000% due 11/15/2044							(144,561)				150,600			150,606
MBC			1.450	06/24/2022	07/01/2022		300,000		U.S. Treasury Bills 0.000% due 03/23/2023							(98,283)				300,000			300,085
									U.S. Treasury Bonds 2.250% due 05/15/2041							(96,170)
									U.S. Treasury Notes 1.500% due 01/15/2023 - 02/29/2024							(113,783)
			1.490	06/30/2022	07/07/2022		100,000		U.S. Treasury Bonds 6.250% due 05/15/2030							(81,763)				100,000			100,004
									U.S. Treasury Notes 2.250% due 08/15/2027							(21,687)
MSR			1.530	06/30/2022	07/01/2022		500,000		U.S. Treasury Notes 0.375% - 0.750% due 01/31/2026 - 03/31/2026							(514,055)				500,000			500,021
			1.530	07/01/2022	07/05/2022		409,200		U.S. Treasury Notes 0.750% - 2.250% due 01/31/2024 - 03/31/2026							(418,701)				409,200			409,200
TDM			1.480	06/30/2022	07/01/2022		20,000		U.S. Treasury Notes 2.500% due 01/31/2025							(20,654)				20,000			20,001
Total Repurchase Agreements														$		(6,084,662)		$		6,099,931	$		6,100,490
Cash of $1,235 have been pledged as collateral under the terms of master agreements as of June 30, 2022.
(1)		Includes accrued interest.
(2)		Open maturity repurchase agreement.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory								Level 1			Level 2		Level 3				Fair Value at 06/30/2022
Investments in Securities, at Value
Corporate Bonds & Notes
	Banking & Finance							$		0	$	2,260,096	$	0			$			2,260,096
	Industrials									0		529,719		0						529,719
	Utilities									0		197,761		0						197,761
Municipal Bonds & Notes
	California									0		5,920		0						5,920
U.S. Government Agencies										0		682,048		0						682,048

Schedule of Investments PIMCO Short-Term Floating NAV Portfolio II(Cont.) June 30, 2022 (Unaudited)

Asset-Backed Securities			0		49,724		0		49,724
Sovereign Issues			0		324,033		0		324,033
Short-Term Instruments
	Certificates of Deposit		0		72,230		0		72,230
	Commercial Paper		0		247,448		0		247,448
	Repurchase Agreements		0		6,099,931		0		6,099,931
	Short-Term Notes		0		1,020,094		0		1,020,094
	U.S. Treasury Bills		0		1,085,060		0		1,085,060
	U.S. Treasury Cash Management Bills		0		1,630,124		0		1,630,124
Total Investments		$	0	$	14,204,188	$	0	$	14,204,188
There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III June 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 108.4% ¤
CORPORATE BONDS & NOTES 33.1%
BANKING & FINANCE 25.7%
ABN AMRO Bank NV 1.844% (US0003M + 0.800%) due 07/19/2022 ~	$	6,940	$	6,940
ADCB Finance Cayman Ltd. 1.907% (BBSW3M + 1.380%) due 10/25/2022 ~	AUD	550		380
American Express Co.
1.896% (US0003M + 0.610%) due 08/01/2022 ~	$	6,700		6,700
2.203% (US0003M + 0.650%) due 02/27/2023 ~		2,577		2,579
2.500% due 08/01/2022		4,100		4,100
Athene Global Funding 2.192% (US0003M + 1.230%) due 07/01/2022 ~		12,021		12,021
Banco Santander SA 3.848% due 04/12/2023		1,600		1,599
Bank of America Corp. 3.004% due 12/20/2023 •		12,000		11,964
Bank of Nova Scotia
2.000% due 11/15/2022		300		299
2.440% due 03/11/2024		2,000		1,959
BNZ International Funding Ltd. 2.650% due 11/03/2022		17,400		17,394
Canadian Imperial Bank of Commerce 2.833% (BBSW3M + 1.350%) due 06/09/2023 ~	AUD	26,400		18,307
Citigroup, Inc.
2.700% due 10/27/2022	$	19,500		19,519
3.010% (US0003M + 1.430%) due 09/01/2023 ~		3,900		3,897
3.375% due 03/01/2023		650		651
CK Hutchison International Ltd. 2.750% due 03/29/2023		3,245		3,234
Credit Agricole SA 2.204% (US0003M + 1.020%) due 04/24/2023 ~		1,145		1,145
Credit Suisse AG
1.000% due 05/05/2023		14,300		14,000
1.549% (SOFRINDX + 0.380%) due 08/09/2023 ~		1,700		1,689
2.235% (BBSW3M + 1.150%) due 05/26/2023 ~	AUD	32,250		22,292
Danske Bank AS 1.171% due 12/08/2023 •	$	3,400		3,355
DBS Bank Ltd.
1.047% (BBSW3M + 0.520%) due 10/25/2022 ~	AUD	30,000		20,706
2.252% (BBSW3M + 0.630%) due 09/13/2022 ~		18,100		12,496
Deutsche Bank AG
2.601% (US0003M + 1.190%) due 11/16/2022 ~	$	7,315		7,313
3.950% due 02/27/2023		600		599
Discover Financial Services 3.850% due 11/21/2022		5,175		5,189
DNB Bank ASA 2.231% (US0003M + 0.620%) due 12/02/2022 ~		59,100		59,078
European Bank for Reconstruction & Development 1.485% (SOFRRATE + 0.260%) due 08/19/2022 ~		34,643		34,653
European Investment Bank 1.144% (US0003M + 0.100%) due 01/19/2023 ~		32,000		31,996
Fidelity National Financial, Inc. 5.500% due 09/01/2022		4,700		4,718
General Motors Financial Co., Inc.
2.439% (SOFRRATE + 1.200%) due 11/17/2023 ~		31,400		30,959
3.550% due 07/08/2022		67,190		67,191
3.700% due 05/09/2023		19,400		19,402
4.150% due 06/19/2023		6,472		6,478
4.250% due 05/15/2023		4,921		4,940
Goldman Sachs Group, Inc.
2.200% (BBSW3M + 1.200%) due 05/16/2023 ~	AUD	4,680		3,236
2.905% due 07/24/2023 •	$	10,369		10,366
Hana Bank
2.014% (US0003M + 0.800%) due 07/26/2023 ~		3,900		3,915
2.977% (US0003M + 0.700%) due 10/02/2022 ~		11,860		11,872
HSBC Holdings PLC
2.100% (BBSW3M + 1.100%) due 02/16/2024 ~	AUD	3,600		2,484
3.033% due 11/22/2023 •	$	28,691		28,566
Hutchison Whampoa International Ltd. 3.250% due 11/08/2022		3,855		3,860
ING Groep NV 3.285% (US0003M + 1.000%) due 10/02/2023 ~		2,790		2,799

Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III(Cont.) June 30, 2022 (Unaudited)

Inter-American Development Bank 1.706% (SOFRRATE + 0.260%) due 09/16/2022 ~		88,145	88,175
International Bank for Reconstruction & Development
0.904% due 01/13/2023 •		149,818	149,835
2.250% due 01/17/2023	CAD	3,400	2,634
International Finance Corp. 1.601% due 06/30/2023 •	$	37,000	36,981
International Lease Finance Corp. 5.875% due 08/15/2022		2,500	2,505
Jackson National Life Global Funding 1.322% (SOFRRATE + 0.600%) due 01/06/2023 ~		6,900	6,895
Kreditanstalt fuer Wiederaufbau 1.750% due 08/22/2022		26,000	25,994
MET Tower Global Funding 1.425% due 01/17/2023 •		14,180	14,167
Mitsubishi HC Capital, Inc. 2.652% due 09/19/2022		3,600	3,600
Mitsubishi UFJ Financial Group, Inc.
1.974% (US0003M + 0.790%) due 07/25/2022 ~		60,724	60,706
2.623% due 07/18/2022		11,600	11,601
2.665% due 07/25/2022		11,900	11,903
Mizuho Bank Ltd. 0.921% (BBSW3M + 0.530%) due 10/20/2023 ~	AUD	69,500	47,865
Mizuho Financial Group, Inc.
2.601% (US0003M + 0.880%) due 09/11/2022 ~	$	28,701	28,688
2.721% due 07/16/2023 •		72,795	72,798
MUFG Union Bank NA 2.100% due 12/09/2022		6,000	5,976
Nationwide Building Society 2.000% due 01/27/2023		3,300	3,275
NatWest Markets PLC
3.174% (SOFRRATE + 1.662%) due 09/29/2022 ~		48,125	48,193
3.625% due 09/29/2022		4,500	4,506
New York Life Global Funding 1.451% (US0003M + 0.440%) due 07/12/2022 ~		19,300	19,297
Nissan Motor Acceptance Co. LLC
2.650% due 07/13/2022		2,800	2,800
2.924% due 09/28/2022 •		500	498
Nordea Bank Abp 1.000% due 06/09/2023		4,300	4,198
NTT Finance Corp. 0.373% due 03/03/2023		800	786
ORIX Corp. 2.900% due 07/18/2022		18,067	18,067
Royal Bank of Canada 1.439% (SOFRINDX + 0.450%) due 10/26/2023 ~		5,900	5,861
Santander Holdings USA, Inc. 3.400% due 01/18/2023		3,000	2,996
Skandinaviska Enskilda Banken AB 2.366% (US0003M + 0.645%) due 12/12/2022 ~		44,557	44,569
Societe Generale SA 1.293% due 07/15/2023 •	AUD	15,000	10,356
Sumitomo Mitsui Financial Group, Inc.
1.784% (US0003M + 0.740%) due 10/18/2022 ~	$	7,200	7,201
1.791% (US0003M + 0.780%) due 07/12/2022 ~		44,800	44,795
2.784% due 07/12/2022		20,300	20,301
Toronto-Dominion Bank
0.962% (SOFRRATE + 0.240%) due 01/06/2023 ~		7,126	7,103
1.510% (SOFRRATE + 0.480%) due 01/27/2023 ~		20,000	19,944
Toyota Motor Credit Corp. 1.194% (SOFRRATE + 0.340%) due 10/14/2022 ~		1,300	1,299
Truist Bank 3.000% due 02/02/2023		400	400
UBS AG
0.375% due 06/01/2023		1,500	1,452
1.668% (SOFRRATE + 0.320%) due 06/01/2023 ~		46,900	46,735
Wells Fargo & Co. 2.469% (US0003M + 1.230%) due 10/31/2023 ~		2,500	2,502
Westpac Banking Corp. 2.131% (US0003M + 0.720%) due 05/15/2023 ~		1,900	1,901
			1,416,198
INDUSTRIALS 6.2%
AbbVie, Inc.
2.155% (US0003M + 0.650%) due 11/21/2022 ~		1,100	1,100
2.300% due 11/21/2022		11,885	11,864
2.850% due 05/14/2023		5,400	5,383
2.900% due 11/06/2022		28,100	28,102
3.250% due 10/01/2022		7,940	7,940
Altria Group, Inc. 2.850% due 08/09/2022		2,800	2,800
AstraZeneca PLC 0.300% due 05/26/2023		26,700	26,107
BAT Capital Corp. 2.291% (US0003M + 0.880%) due 08/15/2022 ~		1,000	999

Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III(Cont.) June 30, 2022 (Unaudited)

BMW Finance NV
2.190% (US0003M + 0.790%) due 08/12/2022 ~		12,900	12,898
2.250% due 08/12/2022		15,000	15,000
BP Capital Markets America, Inc. 2.746% (US0003M + 0.650%) due 09/19/2022 ~		2,977	2,976
Canadian Natural Resources Ltd. 2.950% due 01/15/2023		13,787	13,740
CenterPoint Energy Resources Corp.
0.700% due 03/02/2023		700	686
2.111% (US0003M + 0.500%) due 03/02/2023 ~		122	122
Daimler Finance North America LLC 2.550% due 08/15/2022		934	934
Daimler Trucks Finance North America LLC 1.930% (SOFRRATE + 0.500%) due 06/14/2023 ~		3,600	3,586
DR Horton, Inc. 4.375% due 09/15/2022		1,500	1,501
Elevance Health, Inc. 0.450% due 03/15/2023		11,500	11,265
Energy Transfer LP 5.000% due 10/01/2022		290	290
ERAC USA Finance LLC 3.300% due 10/15/2022		11,900	11,895
Gilead Sciences, Inc. 0.750% due 09/29/2023		1,800	1,743
Humana, Inc. 3.150% due 12/01/2022		8,994	8,998
Hyundai Capital America
0.800% due 04/03/2023		4,000	3,904
0.800% due 01/08/2024		13,240	12,585
1.250% due 09/18/2023		14,950	14,494
2.375% due 02/10/2023		2,665	2,632
3.250% due 09/20/2022		9,128	9,126
International Business Machines Corp. 3.000% due 05/15/2024		1,000	993
International Flavors & Fragrances, Inc. 0.697% due 09/15/2022		1,885	1,876
Kansas City Southern 3.000% due 05/15/2023		10,081	10,053
Leidos, Inc. 2.950% due 05/15/2023		2,300	2,278
Nissan Motor Co. Ltd. 3.043% due 09/15/2023		4,100	4,033
Oracle Corp. 2.500% due 10/15/2022		5,210	5,200
Panasonic Holdings Corp. 2.536% due 07/19/2022		4,010	4,010
Penske Truck Leasing Canada, Inc. 2.850% due 12/07/2022 (d)	CAD	10,000	7,760
Pernod Ricard SA 4.250% due 07/15/2022	$	1,700	1,701
Philip Morris International, Inc. 2.500% due 08/22/2022		800	799
Phillips 66 0.900% due 02/15/2024		3,800	3,621
RELX Capital, Inc. 3.500% due 03/16/2023		13,747	13,732
Siemens Financieringsmaatschappij NV 0.400% due 03/11/2023		29,600	29,064
Time Warner Entertainment Co. LP 8.375% due 03/15/2023		20,647	21,252
Union Pacific Corp. 3.500% due 06/08/2023		300	300
Volkswagen Group of America Finance LLC
2.700% due 09/26/2022		2,266	2,263
3.125% due 05/12/2023		1,300	1,291
VW Credit Canada, Inc. 3.700% due 11/14/2022 (d)	CAD	21,500	16,741
Walgreen Co. 3.100% due 09/15/2022	$	1,500	1,503
			341,140
UTILITIES 1.2%
AT&T, Inc. 3.106% (BBSW3M + 1.250%) due 09/19/2023 ~	AUD	700	485
Atmos Energy Corp. 0.625% due 03/09/2023	$	23,300	22,895
Engie SA 2.875% due 10/10/2022		2,155	2,150
Florida Power & Light Co. 1.181% (SOFRINDX + 0.380%) due 01/12/2024 ~		3,500	3,452
National Rural Utilities Cooperative Finance Corp. 2.700% due 02/15/2023		1,900	1,896
NextEra Energy Capital Holdings, Inc. 1.498% (SOFRINDX + 0.400%) due 11/03/2023 ~		9,200	9,070

Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III(Cont.) June 30, 2022 (Unaudited)

Pacific Gas & Electric Co.
1.700% due 11/15/2023		1,300	1,253
2.371% (SOFRINDX + 1.150%) due 11/14/2022 ~		500	498
Verizon Communications, Inc. 2.235% (BBSW3M + 1.220%) due 02/17/2023 ~	AUD	27,340	18,908
Vodafone Group PLC 2.672% (BBSW3M + 1.050%) due 12/13/2022 ~		9,470	6,546
			67,153
Total Corporate Bonds & Notes (Cost $1,842,037)			1,824,491
MUNICIPAL BONDS & NOTES 0.1%
CALIFORNIA 0.1%
California Infrastructure & Economic Development Bank Revenue Bonds, Series 2020 0.850% due 01/01/2050	$	2,500	2,467
Total Municipal Bonds & Notes (Cost $2,474)			2,467
ASSET-BACKED SECURITIES 0.9%
ARI Fleet Lease Trust 1.495% due 04/17/2023		11,742	11,689
DLLST LLC 1.560% due 05/22/2023		16,102	16,054
MMAF Equipment Finance LLC 1.482% due 05/03/2023		20,717	20,685
Total Asset-Backed Securities (Cost $48,561)			48,428
SOVEREIGN ISSUES 3.9%
BNG Bank NV 1.500% due 09/06/2022		25,850	25,821
Development Bank of Japan, Inc. 2.125% due 09/01/2022		30,000	29,995
Emirate of Abu Dhabi Government International Bond 2.500% due 10/11/2022		4,400	4,402
Export-Import Bank of India 2.505% (US0003M + 1.000%) due 08/21/2022 ~		3,950	3,955
Export-Import Bank of Korea
1.769% (US0003M + 0.800%) due 07/05/2022 ~		7,580	7,580
2.211% (US0003M + 0.925%) due 11/01/2022 ~		4,100	4,109
Israel Government International Bond 0.750% due 07/31/2022	ILS	26,100	7,471
Kommuninvest Sverige AB 0.125% due 07/20/2022	$	11,980	11,970
Korea Development Bank
1.694% (US0003M + 0.725%) due 07/06/2022 ~		4,150	4,150
1.805% (US0003M + 0.350%) due 02/18/2023 ~		5,600	5,599
2.039% (US0003M + 0.800%) due 10/30/2022 ~		5,300	5,309
2.494% (US0003M + 1.450%) due 04/16/2023 ~		2,975	3,003
2.752% (US0003M + 0.475%) due 10/01/2022 ~		400	400
Korea Expressway Corp. 2.124% (US0003M + 0.600%) due 11/25/2022 ~		3,000	2,987
Korea National Oil Corp. 1.919% (US0003M + 0.875%) due 07/16/2023 ~		2,700	2,714
Province of Alberta 2.200% due 07/26/2022		59,800	59,802
Svensk Exportkredit AB 2.479% (SOFRINDX + 1.000%) due 12/19/2022 ~		34,000	34,144
Total Sovereign Issues (Cost $214,064)			213,411
SHORT-TERM INSTRUMENTS 70.4%
CERTIFICATES OF DEPOSIT 0.5%
Barclays Bank PLC 1.050% due 02/01/2023		30,200	29,821
COMMERCIAL PAPER 2.4%
AT&T, Inc. 0.800% due 07/12/2022		35,700	35,677
Constellation Brands, Inc.
1.700% due 07/01/2022		14,000	13,999
1.750% due 07/08/2022		28,600	28,587
Crown Castle International Corp. 2.400% due 07/12/2022		36,400	36,374
International Flavors & Fragrances, Inc. 3.000% due 07/15/2022		6,500	6,495

Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III(Cont.) June 30, 2022 (Unaudited)

Molson Coors Brewing Co. 1.850% due 07/06/2022		10,000		9,997
				131,129
REPURCHASE AGREEMENTS (e) 32.1%				1,770,335
SHORT-TERM NOTES 12.3%
Federal Home Loan Bank
0.000% due 08/15/2022 (c)		5,400		5,389
1.510% due 08/26/2022 •		365,000		365,027
Korea Monetary Stabilization Bond 0.000% due 08/09/2022 (c)	KRW	400,000,000		307,314
				677,730
ISRAEL TREASURY BILLS 0.1%
(0.020)% due 08/03/2022 - 12/07/2022 (b)(c)	ILS	15,100		4,316
U.S. TREASURY BILLS 2.1%
1.273% due 07/19/2022 - 09/29/2022 (b)(c)(g)	$	113,872		113,750
U.S. TREASURY CASH MANAGEMENT BILLS 20.9%
1.802% due 08/23/2022 - 11/01/2022 (a)(b)(c)		1,157,700		1,151,366
Total Short-Term Instruments (Cost $3,885,680)				3,878,447
Total Investments in Securities (Cost $5,992,816)				5,967,244
Total Investments 108.4% (Cost $5,992,816)			$	5,967,244
Financial Derivative Instruments(f)0.2%(Cost or Premiums, net $0)				10,143
Other Assets and Liabilities, net (8.6)%				(470,587)
Net Assets 100.0%			$	5,506,800

Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III(Cont.) June 30, 2022 (Unaudited)

NOTES TO CONSOLIDATED 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.
~	Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.
•	Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.
(a)	When-issued security.
(b)	Coupon represents a weighted average yield to maturity.
(c)	Zero coupon security.
(d)	RESTRICTED SECURITIES:
Issuer Description										Coupon		Maturity Date			Acquisition Date				Cost							Market Value						Market Value as Percentage of Net Assets
Penske Truck Leasing Canada, Inc.									2.850		%	12/07/2022			03/09/2021		$		7,959					$		7,760						0.14			%
VW Credit Canada, Inc.									3.700			11/14/2022			12/14/2021 - 02/09/2022				16,903							16,741						0.30
																	$		24,862					$		24,501						0.44%
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)
BCY		1.530%	06/30/2022	07/01/2022		$	250,000						U.S. Treasury Notes 0.750% due 03/31/2026								$		(256,164)		$				250,000		$			250,011
BOS		1.490	06/30/2022	07/01/2022			579,300						U.S. Treasury Notes 3.250% due 06/30/2029										(592,090)						579,300					579,324
		1.520	07/01/2022	07/05/2022			120,000						U.S. Treasury Bonds 2.750% due 08/15/2047										(121,899)						120,000					120,000
		1.540	06/30/2022	07/01/2022			31,100						U.S. Treasury Bonds 3.000% due 11/15/2044										(32,117)						31,100					31,101
BRC		1.450	06/30/2022	07/01/2022			250,000						Fannie Mae 3.500% due 10/01/2051										(121,285)						250,000					250,010
													Ginnie Mae 2.500% due 04/20/2050 - 06/20/2052										(114,692)
		1.470	07/01/2022	07/05/2022			23,000						Ginnie Mae 2.500% due 06/20/2052										(23,888)						23,000					23,000
DEU		1.540	06/30/2022	07/01/2022			2,000						U.S. Treasury Inflation Protected Securities 0.375% due 07/15/2025										(2,053)						2,000					2,000
FICC		0.400	06/30/2022	07/01/2022			10,912						U.S. Treasury Notes 3.000% due 06/30/2024										(11,130)						10,912					10,912
MSR		1.400	06/30/2022	07/01/2022			500,000						U.S. Treasury Notes 0.250% - 0.750% due 07/31/2025 - 05/31/2026										(513,032)						500,000					500,020
SSB		0.400	06/30/2022	07/01/2022			4,023						U.S. Treasury Notes 1.875% due 06/30/2026(2)										(4,103)						4,023					4,023
Total Repurchase Agreements																					$		(1,792,453)		$				1,770,335		$			1,770,401
(1)	Includes accrued interest.
(2)	Collateral is held in custody by the counterparty.
(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
AZD			07/2022		CAD			5,030						$		3,985		$		77								$		0
BOA			07/2022		JPY			5,200								38				0										0
			07/2022		$			20,904						CAD		27,127				173										0
			07/2022					39						JPY		5,200				0										0
BPS			07/2022					9,017						CAD		11,341				0										(205)
			08/2022		AUD			2,094						$		1,444				0										(3)
CBK			08/2022		ILS			5,200								1,623				131										0
			08/2022		KRW			239,945								187				1										0
			12/2022		ILS			6,502								2,073				189										0
HUS			08/2022					26,100								8,199				711										0
IND			08/2022		AUD			4,846								3,497				149										0
JPM			07/2022		JPY			5,200								38				0										0
			07/2022		$			38						JPY		5,200				0										0
			12/2022		ILS			3,401						$		1,103				117										0
RBC			07/2022		$			3,549						CAD		4,564				0										(4)
			08/2022		AUD			229,988						$		163,450				4,554										0
			08/2022		CAD			4,564								3,549				4										0
SCX			07/2022		ILS			366								108				4										0

Consolidated Schedule of Investments PIMCO Short-Term Floating NAV Portfolio III(Cont.) June 30, 2022 (Unaudited)

SSB			08/2022	KRW	399,855,880						313,809								3,550						0
TOR			07/2022	CAD	54,913						42,993								327						0
			07/2022	JPY	696,177						5,485								350						0
			07/2022	$	10,713					CAD	13,782								14						(19)
			07/2022		1,592					GBP	1,266								0						(50)
			07/2022		5,112					JPY	696,177								23						0
			08/2022	CAD	13,782					$	10,713								19						(15)
UAG			07/2022	EUR	1,730						1,859								46						0
Total Forward Foreign Currency Contracts																$			10,439				$		(296)
(g)		Securities with an aggregate market value of $272 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2022.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory						Level 1						Level 2					Level 3				Fair Value at 06/30/2022
Investments in Securities, at Value
Corporate Bonds & Notes
	Banking & Finance						$		0				$		1,416,198			$		0		$		1,416,198
	Industrials								0						341,140					0				341,140
	Utilities								0						67,153					0				67,153
Municipal Bonds & Notes
	California								0						2,467					0				2,467
Asset-Backed Securities								0						48,428					0				48,428
Sovereign Issues								0						213,411					0				213,411
Short-Term Instruments
	Certificates of Deposit								0						29,821					0				29,821
	Commercial Paper								0						131,129					0				131,129
	Repurchase Agreements								0						1,770,335					0				1,770,335
	Short-Term Notes								0						677,730					0				677,730
	Israel Treasury Bills								0						4,316					0				4,316
	U.S. Treasury Bills								0						113,750					0				113,750
	U.S. Treasury Cash Management Bills								0						1,151,366					0				1,151,366
Total Investments						$		0				$		5,967,244			$		0		$		5,967,244
Financial Derivative Instruments - Assets
Over the counter						$		0				$		10,439			$		0		$		10,439
Financial Derivative Instruments - Liabilities
Over the counter						$		0				$		(296)			$		0		$		(296)
Total Financial Derivative Instruments						$		0				$		10,143			$		0		$		10,143
Totals						$		0				$		5,977,387			$		0		$		5,977,387
There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Schedule of Investments PIMCO Short-Term Portfolio June 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 143.3% ¤
CORPORATE BONDS & NOTES 0.0%
BANKING & FINANCE 0.0%
Lehman Brothers Holdings, Inc. 7.000% due 09/27/2027 ^(a)	$	2,000	$	8
Total Corporate Bonds & Notes (Cost $1,036)				8
U.S. GOVERNMENT AGENCIES 56.2%
Fannie Mae
0.760% due 03/25/2027 ~		3		3
1.026% due 03/25/2027 ~		5		5
1.066% (US0001M + 0.060%) due 12/25/2036 ~		43		43
1.337% due 09/17/2027 •		12		12
1.356% due 09/25/2042 •		120		118
1.449% due 06/01/2032 •		3		3
1.469% due 08/01/2032 •		3		3
1.499% due 11/01/2040 •		2		2
1.500% due 10/01/2024 •		1		1
1.509% due 01/01/2038 •		1		1
1.524% due 07/01/2042 - 07/01/2044 •		184		188
1.525% due 06/01/2033 •		58		58
1.540% due 08/01/2028 •		78		78
1.563% due 07/01/2033 •		168		167
1.574% due 09/01/2041 •		12		13
1.578% due 12/01/2032 •		70		70
1.600% due 11/01/2027 •		3		3
1.603% due 11/01/2035 •		1		1
1.606% due 12/25/2023 •		19		19
1.625% due 09/01/2033 •		66		66
1.628% due 12/01/2034 •		6		6
1.653% due 07/01/2027 •		1		1
1.655% due 07/01/2035 •		23		23
1.665% due 12/01/2032 •		14		14
1.691% due 02/01/2035 •		5		5
1.700% due 01/01/2033 •		2		2
1.704% due 01/01/2035 •		1		1
1.715% due 10/01/2032 •		31		31
1.716% due 10/01/2034 •		38		37
1.742% due 11/01/2032 •		4		3
1.744% due 09/01/2033 - 03/25/2034 •		31		30
1.764% due 02/01/2037 •		16		16
1.799% due 08/01/2033 •		1		1
1.815% due 01/01/2037 •		1		1
1.820% due 04/01/2037 •		1		1
1.824% due 05/25/2035 •		3		3
1.830% due 07/01/2034 •		51		53
1.846% due 11/01/2034 •		37		37
1.847% due 11/01/2033 •		83		82
1.860% due 02/01/2035 •		15		15
1.863% due 10/01/2032 •		12		12
1.871% due 12/01/2036 •		49		50
1.872% due 01/01/2035 •		12		13
1.875% due 10/01/2034 - 06/01/2035 •		14		14
1.878% due 07/01/2035 •		6		6
1.886% due 05/01/2032 •		7		7
1.891% due 07/01/2035 •		3		3
1.892% due 12/01/2034 •		24		24
1.893% due 03/01/2034 •		209		207
1.895% due 07/01/2033 •		31		30
1.906% due 01/01/2035 •		8		8
1.913% due 04/01/2033 - 09/01/2033 •		29		29
1.915% due 09/01/2034 •		22		21
1.920% due 11/01/2034 •		11		12
1.924% due 01/25/2034 •		8		8
1.934% due 03/01/2035 •		44		44
1.944% due 07/01/2034 •		46		47
1.945% due 11/01/2033 •		123		122
1.948% due 09/01/2033 •		19		19
1.950% due 11/01/2047 •		110		109
1.953% due 09/01/2033 •		2		2
1.960% due 01/01/2033 •		5		4
1.974% (US0001M + 0.350%) due 05/25/2042 ~		13		13

Schedule of Investments PIMCO Short-Term Portfolio(Cont.) June 30, 2022 (Unaudited)

1.977% due 07/01/2035 •	4	4
1.979% due 02/01/2034 •	14	14
1.980% due 12/01/2035 •	7	7
1.993% due 12/01/2036 •	2	3
1.995% due 05/18/2032 - 02/01/2035 •	157	159
2.000% due 12/01/2033 •	32	33
2.005% due 10/01/2033 •	23	23
2.024% (US0001M + 0.400%) due 06/25/2029 - 06/25/2032 ~	12	12
2.024% due 03/25/2033 - 12/25/2033 •	12	12
2.032% due 08/01/2035 •	16	17
2.045% due 10/18/2030 •	18	18
2.064% due 05/25/2036 •	5	5
2.070% due 04/01/2028 •	13	13
2.074% due 10/25/2030 •	15	15
2.075% due 02/01/2036 •	32	32
2.095% due 11/18/2030 •	9	9
2.097% due 01/01/2036 •	1	1
2.098% due 02/01/2034 •	95	95
2.103% due 11/01/2035 •	3	4
2.105% due 12/01/2035 •	162	161
2.120% due 10/01/2035 •	8	8
2.122% due 06/01/2035 •	36	35
2.124% (US0001M + 0.500%) due 08/25/2031 - 01/25/2033 ~	26	26
2.125% due 01/01/2033 •	8	7
2.137% due 11/01/2035 •	15	16
2.144% due 11/01/2033 •	14	14
2.150% due 01/01/2034 •	1	1
2.155% due 03/01/2034 •	11	11
2.172% due 05/01/2037 •	170	169
2.174% (US0001M + 0.550%) due 12/25/2030 ~	13	13
2.184% due 11/01/2035 •	12	12
2.190% due 04/01/2033 •	5	5
2.197% due 01/01/2035 •	24	25
2.205% due 08/01/2033 •	7	7
2.223% due 07/01/2035 •	10	10
2.225% due 12/01/2035 •	179	178
2.256% due 03/01/2033 •	63	62
2.263% due 11/01/2034 •	2	2
2.267% due 04/01/2040 •	113	116
2.274% due 10/25/2022 - 11/25/2031 •	19	19
2.287% due 11/01/2031 •	12	12
2.290% due 01/01/2036 •	2	2
2.299% due 02/01/2034 •	33	33
2.300% due 01/01/2036 •	60	61
2.315% due 08/01/2037 •	301	300
2.316% due 01/01/2033 •	2	2
2.324% due 04/25/2032 •	18	18
2.326% due 03/01/2033 •	2	2
2.329% due 02/01/2035 •	11	11
2.330% due 10/01/2033 •	66	65
2.345% due 06/01/2034 •	79	79
2.366% due 07/01/2033 •	1	1
2.383% due 06/01/2030 •	1	1
2.393% due 09/01/2035 •	61	61
2.400% due 11/01/2032 - 01/01/2033 •	9	9
2.405% due 07/01/2035 •	1	1
2.408% due 03/01/2034 •	69	69
2.417% due 03/01/2033 •	13	13
2.421% due 04/01/2034 •	7	7
2.425% due 04/01/2035 •	2	2
2.430% due 11/01/2034 •	5	5
2.434% due 09/01/2035 •	18	18
2.438% due 05/01/2034 •	5	5
2.460% due 07/01/2026 •	55	55
2.500% due 11/01/2026 - 11/01/2036 •	231	230
2.550% due 03/01/2035 •	1	1
2.600% due 01/01/2033 •	2	2
2.605% due 04/01/2033 •	84	83
2.617% due 08/01/2033 •	27	27
2.624% due 12/25/2023 - 04/25/2032 •	32	33
2.633% due 12/01/2030 •	1	1
2.682% due 05/01/2033 •	4	4
2.717% due 05/01/2035 •	31	31
2.721% due 09/01/2035 •	51	53
2.727% due 06/01/2037 •	7	7
2.774% due 04/25/2023 - 09/25/2023 •	3	3
2.774% (US0001M + 1.150%) due 10/25/2023 ~	2	2
2.777% due 02/01/2035 •	7	7
2.783% due 03/01/2030 •	59	59
2.789% due 04/01/2035 •	9	9
2.824% (US0001M + 1.200%) due 01/25/2024 ~	8	8
2.860% due 07/01/2033 •	31	31
2.902% due 10/01/2033 •	7	7
2.945% due 04/01/2034 •	18	18
2.965% due 05/01/2034 •	57	57
2.980% due 05/01/2036 •	24	24

Schedule of Investments PIMCO Short-Term Portfolio(Cont.) June 30, 2022 (Unaudited)

2.988% due 05/01/2036 •	25	26
3.000% due 06/01/2034 •	3	3
3.025% due 05/01/2030 •	13	13
3.048% due 07/01/2037 •	29	30
3.051% due 10/01/2035 •	39	38
3.052% due 07/01/2029 •	6	6
3.182% due 05/01/2036 •	40	40
3.230% due 08/25/2042 ~	13	13
3.330% due 05/01/2036 •	12	12
3.405% due 04/01/2035 •	1	1
3.500% due 06/01/2034 •	1	1
3.649% due 03/01/2035 •	24	24
3.705% due 06/01/2036 •	7	7
3.961% due 05/01/2036 •	16	16
4.060% due 03/01/2030	429	442
4.288% due 09/01/2037 •	151	152
4.766% due 08/01/2026	408	429
4.898% due 12/25/2042 ~	73	73
6.000% due 02/25/2044 - 08/25/2044	21	22
6.151% due 09/01/2024 •	76	76
6.250% due 05/25/2042	16	17
6.500% due 11/25/2023 - 01/25/2044	223	239
7.000% due 02/25/2023 - 02/25/2044	20	20
7.500% due 05/25/2042	17	19
8.000% due 08/25/2022 - 10/01/2026	7	7
Freddie Mac
1.469% due 01/01/2030 •	16	16
1.475% due 03/15/2023 •	2	2
1.524% due 02/25/2045 •	118	121
1.624% due 03/15/2036 •	2	1
1.674% (US0001M + 0.350%) due 02/15/2029 ~	3	3
1.674% due 03/15/2029 •	17	16
1.676% due 10/25/2044 •	283	291
1.724% (US0001M + 0.400%) due 07/15/2026 - 01/15/2033 ~	45	45
1.724% due 11/15/2032 •	10	10
1.771% due 03/01/2035 •	10	10
1.774% due 03/15/2024 - 08/15/2029 •	27	27
1.824% due 05/15/2023 - 01/15/2032 •	25	25
1.857% due 11/01/2024 •	7	6
1.874% due 08/15/2029 - 03/15/2032 •	46	46
1.876% due 07/25/2044 •	1,322	1,375
1.884% (US0001M + 0.260%) due 08/25/2031 ~	220	216
1.904% due 09/25/2031 •	121	121
1.915% due 08/01/2035 •	89	88
1.924% due 06/15/2029 •	23	23
1.924% (US0001M + 0.600%) due 12/15/2031 ~	10	10
1.955% due 12/01/2036 •	19	19
1.974% due 06/25/2029 •	50	49
1.975% due 08/01/2033 •	4	4
1.981% due 08/01/2035 •	25	25
1.990% due 09/01/2036 •	184	183
2.000% due 12/01/2034 •	102	101
2.010% due 02/01/2037 •	3	3
2.021% due 09/01/2035 •	3	3
2.024% due 05/25/2043 •	742	734
2.040% due 12/01/2035 •	8	8
2.090% due 09/01/2035 •	1	1
2.106% due 01/01/2037 •	2	2
2.124% due 01/01/2036 •	2	2
2.125% due 11/01/2029 •	12	12
2.143% due 01/01/2035 •	2	2
2.152% due 10/01/2027 •	3	3
2.165% due 11/01/2034 •	125	125
2.182% due 07/01/2037 •	74	73
2.200% due 07/01/2033 •	6	5
2.230% due 11/01/2036 •	239	237
2.235% due 02/01/2036 •	5	5
2.250% due 09/01/2035 •	12	12
2.285% due 08/01/2035 •	3	3
2.290% due 07/01/2036 •	68	67
2.307% due 11/01/2036 •	1	1
2.321% due 03/01/2036 •	65	67
2.335% due 08/01/2037 •	70	69
2.350% due 11/01/2033 •	14	14
2.351% due 09/01/2034 •	112	111
2.370% due 01/01/2036 - 02/01/2036 •	14	15
2.375% due 12/01/2032 - 10/01/2034 •	56	56
2.379% due 08/01/2023 •	1	1
2.405% due 11/01/2036 •	2	2
2.460% due 02/01/2035 •	35	35
2.493% due 09/01/2035 •	40	40
2.511% due 04/01/2036 •	92	92
2.530% due 03/01/2036 •	118	117
2.537% due 01/01/2030 •	59	59
2.539% due 09/01/2034 •	7	7
2.580% due 04/01/2034 •	42	41

Schedule of Investments PIMCO Short-Term Portfolio(Cont.) June 30, 2022 (Unaudited)

2.583% due 03/01/2032 •	22	22
2.602% due 03/01/2036 •	3	3
2.634% due 07/01/2035 •	9	9
2.655% due 09/01/2037 •	209	209
2.685% due 04/01/2034 •	2	2
2.725% due 12/01/2034 •	2	2
2.789% due 07/01/2035 •	1	1
2.924% due 07/01/2033 •	1	1
2.932% due 06/01/2035 •	4	4
2.962% due 03/01/2035 •	21	21
3.000% due 02/01/2048	2,745	2,584
3.010% due 01/01/2034 •	70	70
3.137% due 04/01/2032 •	73	73
3.250% due 04/01/2032 •	7	7
3.308% due 05/01/2035 •	75	75
3.443% (TSFR1M + 2.164%) due 07/15/2035 ~	318	317
3.592% due 09/01/2030 •	44	44
3.943% due 04/01/2030 •	32	32
4.500% due 04/15/2032	142	146
5.500% due 10/15/2032	5	5
6.000% due 01/15/2029 - 05/01/2035	16	17
6.250% due 12/15/2023	1	1
7.000% due 10/15/2022 - 07/15/2027	9	10
Ginnie Mae
1.032% due 09/20/2067 •	6,567	6,577
1.625% (H15T1Y + 1.500%) due 07/20/2026 ~	3	3
1.625% due 09/20/2029 - 12/20/2045 •	511	507
1.750% due 10/20/2029 •	193	191
1.875% due 04/20/2033 •	23	23
2.625% (H15T1Y + 1.500%) due 02/20/2025 ~	2	2
2.625% due 01/20/2027 - 01/20/2030 •	69	70
Ginnie Mae, TBA
2.500% due 07/01/2052	1,800	1,648
3.500% due 07/01/2052	5,200	5,054
4.000% due 07/01/2052	200	199
4.500% due 08/01/2052	12,300	12,437
Uniform Mortgage-Backed Security
3.000% due 08/01/2028 - 04/01/2030	136	135
3.500% due 11/01/2044 - 02/01/2050	2,823	2,761
Uniform Mortgage-Backed Security, TBA
2.500% due 07/01/2037 - 08/01/2052	4,300	3,870
3.000% due 07/01/2037 - 08/01/2052	29,600	28,156
3.500% due 08/01/2052	49,950	47,995
4.000% due 04/01/2052 - 07/01/2052	33,800	33,283
4.500% due 08/01/2052	4,700	4,709
Total U.S. Government Agencies (Cost $162,157)		162,780
U.S. TREASURY OBLIGATIONS 1.5%
U.S. Treasury Bonds
3.125% due 02/15/2043 (f)(h)	4,730	4,498
Total U.S. Treasury Obligations (Cost $5,445)		4,498
NON-AGENCY MORTGAGE-BACKED SECURITIES 34.7%
Adjustable Rate Mortgage Trust
2.801% due 03/25/2035 ~	20	20
2.855% due 11/25/2035 ^~	94	78
Arbor Multifamily Mortgage Securities Trust 2.756% due 05/15/2053	1,200	1,072
AREIT Trust 3.508% due 04/15/2037 •	195	189
Ashford Hospitality Trust
2.775% due 06/15/2035 •	400	385
3.175% due 06/15/2035 •	300	285
4.075% (US0001M + 2.750%) due 06/15/2035 ~	400	375
BAMLL Commercial Mortgage Securities Trust
2.524% due 03/15/2034 •	100	98
2.924% due 03/15/2034 •	3,170	3,086
Banc of America Funding Trust
2.245% due 11/20/2035 ^~	133	119
2.966% due 05/25/2035 ~	5,860	5,749
Banc of America Mortgage Trust
2.230% due 10/25/2035 ^~	11	11
2.361% due 02/25/2034 ~	134	133
2.455% due 01/25/2034 ~	19	19
2.564% due 11/25/2033 ~	22	21
2.755% due 09/25/2033 ~	56	54
3.309% due 06/25/2034 ~	18	17
3.983% due 05/25/2033 ~	33	33
Barclays Commercial Mortgage Securities Trust 4.314% due 12/15/2051	800	801
BCAP LLC Trust 6.500% due 02/26/2036 ~	470	470
BDS Ltd. 2.207% (SOFR30A + 1.414%) due 09/15/2035 ~	175	174

Schedule of Investments PIMCO Short-Term Portfolio(Cont.) June 30, 2022 (Unaudited)

Bear Stearns Adjustable Rate Mortgage Trust
2.086% due 01/25/2034 ~	48	46
2.371% due 01/25/2034 ~	147	145
2.500% due 02/25/2034 ~	33	32
2.512% due 04/25/2033 ~	16	17
2.548% due 02/25/2033 ~	3	3
2.751% due 02/25/2034 ~	210	203
2.833% due 01/25/2035 ~	23	22
2.842% due 02/25/2033 ~	2	1
3.146% due 10/25/2033 ~	4	4
3.227% due 07/25/2034 ~	14	13
4.570% due 01/25/2035 ~	18	17
Bear Stearns ALT-A Trust
1.944% (US0001M + 0.320%) due 02/25/2034 ~	205	190
1.964% (US0001M + 0.340%) due 08/25/2036 ^~	4	4
2.954% due 11/25/2036 ^~	254	143
BXMT Ltd. 2.288% (SOFR30A + 1.514%) due 11/15/2037 ~	1,000	990
CD Mortgage Trust 3.431% due 08/15/2050	400	386
Chase Mortgage Finance Trust
2.624% due 02/25/2037 ~	232	222
2.911% due 12/25/2035 ^~	32	29
2.954% due 12/25/2035 ^~	24	22
Citigroup Commercial Mortgage Trust 3.778% due 09/10/2058	900	892
Citigroup Mortgage Loan Trust
2.423% due 03/25/2034 ~	32	31
2.424% (US0001M + 0.800%) due 08/25/2035 ^~	127	122
2.480% (H15T1Y + 2.400%) due 11/25/2035 ~	32	31
3.950% due 05/25/2035 •	17	16
Citigroup Mortgage Loan Trust, Inc.
1.623% due 08/25/2034 ~	1	1
2.190% due 09/25/2035 •	44	43
Countrywide Alternative Loan Trust
2.024% due 06/25/2037 •	806	712
2.069% due 08/25/2035 ~	1,066	1,009
2.351% due 10/25/2035 ^~	8	7
Countrywide Home Loan Mortgage Pass-Through Trust
1.974% due 08/25/2035 ^•	64	16
1.991% due 02/20/2036 ^•	20	19
2.461% due 08/25/2034 ^~	127	114
2.495% due 12/25/2033 ~	33	32
2.711% due 11/25/2034 ~	887	855
3.030% due 06/20/2035 ~	51	49
5.500% due 11/25/2035 ^	70	41
Credit Suisse First Boston Mortgage Securities Corp.
2.684% due 11/25/2032 ~	5	5
5.021% due 06/25/2032 ~	2	2
Credit Suisse First Boston Mortgage-Backed Pass-Through Certificates
2.523% due 07/25/2033 ~	253	245
2.576% due 10/25/2033 ~	25	25
2.593% due 07/25/2033 ~	50	49
3.042% due 01/25/2034 ~	119	116
Credit Suisse Mortgage Capital Trust
2.691% due 03/25/2060 ~	852	829
3.023% due 08/25/2060 ~	709	686
CSAIL Commercial Mortgage Trust 3.329% due 06/15/2052	200	187
Ellington Financial Mortgage Trust 2.006% due 05/25/2065 ~	70	68
Extended Stay America Trust 2.405% (US0001M + 1.080%) due 07/15/2038 ~	3,876	3,785
First Horizon Alternative Mortgage Securities Trust
2.597% due 08/25/2034 ~	45	46
3.078% due 07/25/2035 ~	97	71
First Horizon Mortgage Pass-Through Trust
1.894% due 02/25/2035 •	26	23
3.135% (US0006M + 0.300%) due 02/25/2035 ~	208	201
FWD Securitization Trust 2.240% due 01/25/2050 ~	213	207
GCAT Trust
1.091% due 05/25/2066 ~	6,180	5,462
1.348% due 05/25/2066 ~	637	561
1.503% due 05/25/2066 ~	637	556
GMAC Mortgage Corp. Loan Trust 2.858% due 11/19/2035 ~	56	52
GS Mortgage Securities Corp. Trust
3.104% due 05/10/2034	2,100	2,096
3.924% due 10/10/2032	1,700	1,689
GS Mortgage-Backed Securities Corp. Trust 1.750% due 12/25/2060 ~	3,441	3,280
GSR Mortgage Loan Trust
1.974% (US0001M + 0.350%) due 01/25/2034 ~	66	66
2.819% due 09/25/2034 ~	1,613	1,578
2.880% (H15T1Y + 1.750%) due 03/25/2033 ~	2	2

Schedule of Investments PIMCO Short-Term Portfolio(Cont.) June 30, 2022 (Unaudited)

2.938% due 09/25/2035 ~	2,300	2,239
3.037% due 06/25/2034 ~	6	6
3.055% due 05/25/2035 ~	44	39
3.093% due 06/25/2034 ~	17	15
3.358% due 08/25/2034 ~	28	28
6.000% due 03/25/2032	2	2
HarborView Mortgage Loan Trust
1.992% due 02/19/2046 •	449	385
2.052% due 05/19/2035 •	21	19
Impac CMB Trust 2.264% due 08/25/2035 •	578	544
IndyMac Adjustable Rate Mortgage Trust 1.544% due 01/25/2032 ~	10	10
IndyMac INDX Mortgage Loan Trust
2.004% due 09/25/2046 •	251	225
2.404% due 05/25/2034 •	26	23
InTown Hotel Portfolio Trust
2.425% due 01/15/2033 •	600	597
2.775% due 01/15/2033 •	300	296
2.975% due 01/15/2033 •	400	395
3.775% (US0001M + 2.450%) due 01/15/2033 ~	1,000	986
JP Morgan Alternative Loan Trust 5.500% due 11/25/2036 ^~	20	10
JP Morgan Chase Commercial Mortgage Securities Trust 2.174% (US0001M + 0.850%) due 12/15/2036 ~	500	491
JP Morgan Mortgage Trust
2.203% due 11/25/2033 ~	7	6
2.284% due 11/25/2033 ~	7	7
2.417% due 07/25/2035 ~	118	112
2.680% due 11/25/2035 ^~	79	72
2.736% due 04/25/2035 ~	11	11
2.768% due 09/25/2034 ~	1	1
2.904% due 07/25/2035 ~	3	3
2.947% due 07/25/2035 ~	136	132
3.414% due 10/25/2035 ~	141	129
Legacy Mortgage Asset Trust
1.750% due 07/25/2061 þ	3,234	2,990
2.734% due 01/25/2060 þ	553	540
MASTR Adjustable Rate Mortgages Trust
1.973% due 02/25/2034 ~	157	137
2.117% due 12/25/2033 ~	17	16
2.398% due 01/25/2036 ~	33	31
2.434% due 08/25/2034 ~	257	246
2.500% due 09/25/2033 ~	101	93
2.978% due 07/25/2034 ~	202	200
3.027% due 01/25/2034 ~	8	8
3.052% due 11/21/2034 ~	31	30
3.553% due 08/25/2034 ~	207	204
Merrill Lynch Mortgage Investors Trust
1.646% due 03/25/2028 •	54	52
2.113% due 04/25/2035 ~	172	158
2.244% due 08/25/2028 •	365	355
2.284% (US0001M + 0.660%) due 06/25/2028 ~	68	63
2.464% due 09/25/2033 ~	5	5
2.820% due 02/25/2035 ~	50	48
3.190% due 02/25/2034 ~	19	17
MFA Trust
1.014% due 01/26/2065 ~	870	841
1.324% due 01/26/2065 ~	311	301
1.479% due 03/25/2065 ~	299	290
1.632% due 01/26/2065 ~	311	301
Mill City Mortgage Loan Trust 2.750% due 08/25/2059 ~	771	749
Morgan Stanley Bank of America Merrill Lynch Trust 3.732% due 05/15/2048	700	689
Morgan Stanley Capital Trust 2.509% due 04/05/2042 ~	1,800	1,512
Morgan Stanley Mortgage Loan Trust 1.944% (US0001M + 0.320%) due 01/25/2035 ~	687	632
New Residential Mortgage Loan Trust
2.750% due 07/25/2059 ~	3,164	3,066
2.750% due 11/25/2059 ~	3,863	3,706
3.500% due 10/25/2059 ~	103	99
New York Mortgage Trust 1.670% due 08/25/2061 þ	3,332	3,060
Nomura Asset Acceptance Corp. Alternative Loan Trust 2.549% due 10/25/2035 ~	20	14
Pepper Residential Securities Trust
2.512% due 11/18/2060 •	173	172
2.612% due 06/20/2060 •	307	307
PFP Ltd. 2.559% due 04/14/2037 •	9	9
PRET LLC 1.843% due 09/25/2051 þ	3,344	3,145
Pretium Mortgage Credit Partners LLC 1.992% due 02/25/2061 þ	4,183	3,936

Schedule of Investments PIMCO Short-Term Portfolio(Cont.) June 30, 2022 (Unaudited)

Prime Mortgage Trust
2.024% (US0001M + 0.400%) due 02/25/2034 ~	14	13
6.000% due 02/25/2034	6	6
RBSSP Resecuritization Trust 1.546% due 08/26/2045 •	11	11
Ready Capital Mortgage Financing LLC 3.774% due 02/25/2035 •	655	650
Residential Funding Mortgage Securities, Inc. Trust
4.850% due 02/25/2036 ^~	62	53
6.500% due 03/25/2032	7	7
RESIMAC Bastille Trust 1.733% due 09/05/2057 •	100	100
RESIMAC Premier 2.170% (US0001M + 1.050%) due 02/07/2052 ~	505	504
Sequoia Mortgage Trust
1.274% due 03/20/2035 •	118	109
2.057% due 05/20/2034 •	235	233
2.073% due 07/20/2034 ~	15	14
2.355% due 04/20/2033 •	14	13
2.395% (US0001M + 0.800%) due 10/20/2027 ~	41	40
Starwood Mortgage Residential Trust
1.027% due 11/25/2055 ~	331	322
1.439% due 11/25/2055 ~	166	161
1.486% due 04/25/2065 ~	257	251
1.593% due 11/25/2055 ~	166	161
Structured Adjustable Rate Mortgage Loan Trust
1.864% due 03/25/2035 •	74	57
1.924% (US0001M + 0.300%) due 09/25/2034 ~	93	84
2.716% due 09/25/2034 ~	43	43
Structured Asset Mortgage Investments Trust
2.275% due 11/19/2033 •	16	15
2.275% (US0001M + 0.680%) due 05/19/2035 ~	105	97
2.295% (US0001M + 0.700%) due 02/19/2035 ~	1,471	1,382
Structured Asset Securities Corp. Mortgage Pass-Through Certificates
2.688% due 03/25/2033 ~	90	91
2.837% due 09/25/2033 ~	15	14
3.033% due 11/25/2033 ~	11	11
3.394% due 06/25/2033 ~	279	271
WaMu Mortgage Pass-Through Certificates Trust
1.476% due 08/25/2046 •	25	24
1.676% due 11/25/2042 •	75	70
1.723% (COF 11 + 1.500%) due 08/25/2046 ~	1,185	1,081
1.723% due 09/25/2046 •	2,893	2,748
1.876% (12MTA + 1.400%) due 08/25/2042 ~	6	6
2.164% due 12/25/2045 •	1,378	1,262
2.204% due 07/25/2045 •	3,661	3,437
2.204% due 10/25/2045 •	1,241	1,188
2.204% (US0001M + 0.580%) due 12/25/2045 ~	1,057	993
2.424% (US0001M + 0.800%) due 01/25/2045 ~	547	523
2.499% due 10/25/2033 ~	89	86
2.765% due 08/25/2033 ~	252	239
2.851% due 10/25/2035 ^~	380	357
2.950% due 09/25/2035 ~	172	162
Washington Mutual Mortgage Pass-Through Certificates Trust
1.975% due 02/25/2033 ~	2	2
2.667% due 11/25/2030 ~	44	44
3.639% due 06/25/2033 ~	7	7
7.000% due 03/25/2034	18	17
Wells Fargo Commercial Mortgage Trust
2.105% (US0001M + 0.850%) due 12/13/2031 ~	2,815	2,770
2.355% due 12/13/2031 •	2,335	2,285
2.725% due 02/15/2053	600	535
3.100% (US0001M + 1.845%) due 12/13/2031 ~	160	153
3.809% due 12/15/2048	300	296
4.023% due 03/15/2052	300	294
Wells Fargo Mortgage-Backed Securities Trust 2.808% due 08/25/2035 ~	4	4
Worldwide Plaza Trust 3.526% due 11/10/2036	1,000	933
Total Non-Agency Mortgage-Backed Securities (Cost $104,723)		100,589
ASSET-BACKED SECURITIES 48.5%
A10 Bridge Asset Financing LLC 2.021% due 08/15/2040	387	382
AccessLex Institute 1.824% (US0003M + 0.300%) due 05/25/2036 ~	622	600
Accredited Mortgage Loan Trust 2.494% due 01/25/2035 •	476	436
Affirm Asset Securitization Trust 0.880% due 08/15/2025	2,900	2,864
Apex Credit CLO Ltd. 3.086% due 09/20/2029 •	3,695	3,641
Apidos CLO 2.073% (US0003M + 1.010%) due 04/20/2031 ~	1,500	1,474

Schedule of Investments PIMCO Short-Term Portfolio(Cont.) June 30, 2022 (Unaudited)

Apres Static CLO Ltd. 2.114% due 10/15/2028 •	817	814
Ares CLO Ltd. 1.914% (US0003M + 0.870%) due 01/15/2029 ~	1,166	1,149
Arivo Acceptance Auto Loan Receivables Trust 1.190% due 01/15/2027	528	513
Barings CLO Ltd. 1.863% due 01/20/2028 •	2,185	2,162
Bear Stearns Asset-Backed Securities Trust
2.624% due 11/25/2042 •	121	117
2.724% due 10/25/2036 ~	689	543
Benefit Street Partners CLO Ltd. 2.074% (US0003M + 1.030%) due 01/17/2032 ~	3,000	2,923
Carrington Mortgage Loan Trust
2.064% due 04/17/2031 •	6,200	6,088
2.183% due 10/20/2029 •	1,400	1,383
Chesapeake Funding LLC 2.940% due 04/15/2031	361	361
College Avenue Student Loans LLC
1.600% due 07/25/2051	926	820
2.724% due 07/25/2051 •	529	517
2.824% due 12/26/2047 •	588	574
3.280% due 12/28/2048	1,491	1,446
4.130% due 12/26/2047	809	777
Commonbond Student Loan Trust 1.980% due 08/25/2050	659	633
Countrywide Asset-Backed Certificates Trust, Inc. 2.164% due 12/25/2034 •	1,585	1,506
Credit Suisse First Boston Mortgage Securities Corp. 3.274% (US0001M + 1.650%) due 05/25/2043 ~	229	229
Credit-Based Asset Servicing & Securitization LLC 6.780% due 05/25/2035 þ	396	365
Dryden Senior Loan Fund 2.096% due 01/17/2033 •	1,900	1,856
ECMC Group Student Loan Trust 2.624% due 07/25/2069 •	731	710
EFS Volunteer LLC 2.034% due 10/25/2035 •	247	245
EquiFirst Mortgage Loan Trust 2.634% due 09/25/2033 •	57	56
First Help Financial LLC 4.430% due 01/18/2028	1,966	1,946
Galaxy CLO Ltd. 2.014% (US0003M + 0.970%) due 10/15/2030 ~	2,000	1,968
GLS Auto Receivables Issuer Trust 1.580% due 08/15/2024	27	27
HERA Commercial Mortgage Ltd. 2.662% due 02/18/2038 •	500	492
Home Equity Asset Trust 2.224% (US0001M + 0.600%) due 11/25/2032 ~	8	7
Home Equity Mortgage Loan Asset-Backed Trust 2.404% (US0001M + 0.780%) due 10/25/2035 ~	1,600	1,436
HSI Asset Securitization Corp. Trust 1.724% due 10/25/2036 •	6	3
IndyMac Home Equity Mortgage Loan Asset-Backed Trust 6.372% due 05/25/2033 ~	440	419
KKR CLO Ltd. 1.984% due 07/18/2030 •	1,000	984
LCCM Trust 2.774% due 11/15/2038 •	3,800	3,696
LCM LP 2.103% (US0003M + 1.040%) due 10/20/2027 ~	396	394
Long Beach Mortgage Loan Trust
2.184% due 10/25/2034 •	736	691
2.324% (US0001M + 0.350%) due 03/25/2032 ~	16	15
2.479% due 07/25/2034 •	217	208
Madison Park Funding Ltd. 2.053% due 04/20/2032 •	1,500	1,461
Merrill Lynch Mortgage Investors Trust 2.644% due 07/25/2035 •	138	138
Morgan Stanley ABS Capital, Inc. Trust 2.269% (US0001M + 0.645%) due 09/25/2035 ~	1,432	1,427
Morgan Stanley Dean Witter Capital, Inc. Trust 2.974% due 02/25/2033 •	72	71
Mountain View CLO LLC 2.134% (US0003M + 1.090%) due 10/16/2029 ~	1,359	1,342
Nassau Ltd. 2.194% (US0003M + 1.150%) due 10/15/2029 ~	1,722	1,714
Nationstar NIM Ltd. 8.000% due 06/25/2037	24	0
Navient Private Education Refi Loan Trust
1.170% due 09/16/2069	919	862
1.690% due 05/15/2069	2,269	2,145
2.224% due 11/15/2068 •	173	170
3.010% due 12/15/2059	1,470	1,412
3.130% due 02/15/2068	418	409

Schedule of Investments PIMCO Short-Term Portfolio(Cont.) June 30, 2022 (Unaudited)

3.190% due 02/18/2042	65	65
3.520% due 06/16/2042	42	41
Navient Student Loan Trust
2.424% due 07/26/2066 •	2,831	2,744
4.000% due 12/15/2059	2,126	2,120
Nelnet Student Loan Trust 1.420% due 04/20/2062	2,615	2,426
Neuberger Berman CLO Ltd. 2.103% due 04/20/2031 •	1,500	1,463
NovaStar Mortgage Funding Trust 2.364% due 02/25/2034 •	1,846	1,791
Octagon Investment Partners Ltd. 2.411% due 02/14/2031 •	4,300	4,203
OZLM Ltd. 2.213% (US0003M + 1.150%) due 01/20/2031 ~	2,400	2,355
Pagaya AI Debt Selection Trust 1.530% due 08/15/2029	1,809	1,751
Palmer Square CLO Ltd. 2.044% due 10/17/2031 •	2,700	2,642
Palmer Square Loan Funding Ltd. 2.278% due 02/20/2028 •	279	277
PRET LLC 2.487% due 10/25/2051 þ	3,498	3,289
Renaissance Home Equity Loan Trust
2.324% due 08/25/2032 •	10	9
2.724% (US0001M + 1.100%) due 09/25/2037 ~	3,362	1,674
Residential Asset Mortgage Products Trust 8.500% due 12/25/2031	592	325
Residential Asset Securities Corp. Trust 1.884% (US0001M + 0.260%) due 07/25/2036 ~	2,782	2,763
SLM Private Credit Student Loan Trust
2.099% due 12/15/2039 •	242	230
2.119% due 06/15/2039 •	3,345	3,165
2.159% due 06/15/2039 •	1,537	1,465
SMB Private Education Loan Trust
1.290% due 07/15/2053	1,551	1,408
1.600% due 09/15/2054	1,100	1,003
1.830% due 02/16/2055 •	1,600	1,594
2.230% due 09/15/2037	467	446
2.474% (US0001M + 0.850%) due 09/15/2054 ~	2,764	2,718
2.840% due 06/15/2037	465	451
2.880% due 09/15/2034	154	151
3.940% due 02/16/2055	1,400	1,367
SoFi Professional Loan Program LLC
2.340% due 04/25/2033	481	477
2.630% due 07/25/2040	714	707
2.650% due 09/25/2040	829	813
2.740% due 05/25/2040	476	473
2.824% (US0001M + 1.200%) due 06/25/2033 ~	341	341
Sound Point CLO Ltd.
2.043% due 10/20/2030 •	2,000	1,964
2.084% (US0003M + 0.900%) due 01/23/2029 ~	907	894
2.164% due 07/25/2030 •	1,600	1,574
Soundview Home Loan Trust 2.924% due 11/25/2033 •	23	23
Starwood Commercial Mortgage Trust 2.528% due 07/15/2038 •	2,285	2,268
Towd Point Mortgage Trust
1.636% due 04/25/2060 ~	5,096	4,740
2.624% (US0001M + 1.000%) due 05/25/2058 ~	7,002	6,929
2.624% due 10/25/2059 •	239	236
2.710% due 01/25/2060 ~	4,937	4,752
2.750% due 06/25/2057 ~	502	491
2.900% due 10/25/2059 ~	6,104	5,928
3.656% due 03/25/2058 ~	1,452	1,419
TruPS Financials Note Securitization Ltd. 3.666% due 09/20/2039 •	2,709	2,560
Upstart Securitization Trust 1.310% due 11/20/2031	1,349	1,299
Total Asset-Backed Securities (Cost $146,744)		140,445
SHORT-TERM INSTRUMENTS 2.4%
REPURCHASE AGREEMENTS (d) 1.4%		4,194
U.S. TREASURY BILLS 1.0%
1.599% due 08/18/2022 - 09/15/2022 (b)(c)(h)	2,872	2,865

Schedule of Investments PIMCO Short-Term Portfolio(Cont.) June 30, 2022 (Unaudited)

Total Short-Term Instruments (Cost $7,059)			7,059
Total Investments in Securities (Cost $427,164)			415,379
	SHARES
INVESTMENTS IN AFFILIATES 3.1%
SHORT-TERM INSTRUMENTS 3.1%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 3.1%
PIMCO Short-Term Floating NAV Portfolio III	923,298		8,960
Total Short-Term Instruments (Cost $8,955)			8,960
Total Investments in Affiliates (Cost $8,955)			8,960
Total Investments 146.4% (Cost $436,119)		$	424,339
Financial Derivative Instruments(e)(g)(0.7)%(Cost or Premiums, net $2,379)			(1,997)
Other Assets and Liabilities, net (45.7)%			(132,529)
Net Assets 100.0%		$	289,813

Schedule of Investments PIMCO Short-Term Portfolio(Cont.) June 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.
~	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)	Security is not accruing income as of the date of this report.
(b)	Coupon represents a weighted average yield to maturity.
(c)	Zero coupon security.
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		0.400%	06/30/2022	07/01/2022	$		4,194			U.S. Treasury Notes 3.000% due 06/30/2024																	$			(4,278)										$			4,194						$					4,194
Total Repurchase Agreements																											$			(4,278)										$			4,194						$					4,194
SHORT SALES:
Description															Coupon	Maturity Date									Principal Amount														Proceeds										Payable for Short Sales
U.S. Government Agencies (2.0)%
Uniform Mortgage-Backed Security, TBA															2.000%	08/01/2052						$				6,700										$						(5,810)						$						(5,810)
Total Short Sales (2.0)%																																				$						(5,810)						$						(5,810)
(1)	Includes accrued interest.
(e)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
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			5						$	13									$	(5)										$					(6)
Call - CME 3-Month SOFR Active Contract December 2023 Futures											98.000			12/15/2023			5							13										(4)															(4)
Total Written Options																													$						(9)										$					(10)
FUTURES CONTRACTS:
LONG FUTURES CONTRACTS
																																Variation Margin
Description						Expiration Month		# of Contracts					Notional Amount								Unrealized Appreciation/ (Depreciation)																	Asset															Liability
U.S. Treasury 10-Year Note September Futures						09/2022		37				$	4,386						$		(18)											$						38									$						0
SHORT FUTURES CONTRACTS
																																Variation Margin
Description						Expiration Month		# of Contracts					Notional Amount								Unrealized Appreciation/ (Depreciation)																	Asset															Liability
U.S. Treasury 30-Year Bond September Futures						09/2022		32				$	(4,436)						$		(201)											$						0									$						(54)
Total Futures Contracts																		$		(219)											$						38									$						(54)

Schedule of Investments PIMCO Short-Term Portfolio(Cont.) June 30, 2022 (Unaudited)

SWAP AGREEMENTS:
INTEREST RATE SWAPS
													Variation Margin
Pay/ Receive Floating Rate	Floating Rate Index	Fixed Rate	Payment Frequency	Maturity Date		Notional Amount		Premiums Paid/ (Received)		Unrealized Appreciation/ (Depreciation)		Market Value			Asset		Liability
Receive	1-Day USD-SOFR Compounded-OIS	1.750%	Annual	06/15/2025	$	11,900	$	333	$	41	$	374		$	0	$	(44)
Pay	1-Day USD-SOFR Compounded-OIS	1.573	Annual	02/28/2027		500		(1)		(24)		(25)			3		0
Pay	1-Day USD-SOFR Compounded-OIS	1.928	Annual	03/25/2027		800		(2)		(26)		(28)			5		0
Pay	1-Day USD-SOFR Compounded-OIS	1.620	Annual	04/18/2027		700		(2)		(33)		(35)			4		0
Pay	1-Day USD-SOFR Compounded-OIS	1.783	Annual	04/22/2027		600		(2)		(24)		(26)			3		0
Pay	1-Day USD-SOFR Compounded-OIS	1.788	Annual	05/03/2027		600		(2)		(24)		(26)			3		0
Pay	1-Day USD-SOFR Compounded-OIS	2.250	Annual	06/17/2027		1,200		(5)		(24)		(29)			7		0
Pay	1-Day USD-SOFR Compounded-OIS	2.370	Annual	06/21/2027		900		(4)		(13)		(17)			5		0
Pay	1-Day USD-SOFR Compounded-OIS	2.605	Annual	06/28/2027		800		(4)		(3)		(7)			5		0
Receive(1)	1-Day USD-SOFR Compounded-OIS	2.450	Annual	10/04/2027		1,190		0		20		20			0		(7)
Pay	1-Day USD-SOFR Compounded-OIS	1.618	Annual	02/09/2029		7,100		(17)		(446)		(463)			46		0
Pay	1-Day USD-SOFR Compounded-OIS	1.888	Annual	03/22/2029		600		(2)		(28)		(30)			4		0
Pay	1-Day USD-SOFR Compounded-OIS	2.185	Annual	04/21/2029		500		(1)		(16)		(17)			3		0
Pay	1-Day USD-SOFR Compounded-OIS	1.000	Annual	06/15/2029		920		(37)		(66)		(103)			6		0
Pay	1-Day USD-SOFR Compounded-OIS	1.650	Annual	02/08/2032		400		(2)		(34)		(36)			3		0
Pay	1-Day USD-SOFR Compounded-OIS	1.770	Annual	02/14/2032		400		(1)		(31)		(32)			3		0
Pay	1-Day USD-SOFR Compounded-OIS	1.730	Annual	02/24/2032		400		(1)		(33)		(34)			3		0
Pay	1-Day USD-SOFR Compounded-OIS	1.765	Annual	03/16/2032		100		0		(8)		(8)			1		0
Pay	1-Day USD-SOFR Compounded-OIS	1.817	Annual	04/05/2032		1,600		(8)		(121)		(129)			13		0
Pay	1-Day USD-SOFR Compounded-OIS	1.872	Annual	04/06/2032		800		(4)		(56)		(60)			7		0
Pay	1-Day USD-SOFR Compounded-OIS	1.250	Annual	06/15/2032		3,430		(248)		(215)		(463)			27		0
Pay	1-Day USD-SOFR Compounded-OIS	1.750	Annual	06/15/2032		2,640		(120)		(120)		(240)			22		0
Receive	1-Day USD-SOFR Compounded-OIS	1.750	Annual	06/15/2052		16,000		1,923		896		2,819			0		(238)
Pay(1)	3-Month USD-LIBOR	1.270	Semi-Annual	11/04/2023		8,600		(160)		(36)		(196)			11		0
Pay	3-Month USD-LIBOR	1.000	Semi-Annual	01/26/2024		800		(1)		(25)		(26)			1		0
Pay(1)	3-Month USD-LIBOR	1.700	Semi-Annual	03/06/2024		1,700		(2)		(27)		(29)			2		0
Receive	3-Month USD-LIBOR	0.928	Semi-Annual	05/06/2026		900		(1)		71		70			0		(4)
Receive	3-Month USD-LIBOR	3.000	Semi-Annual	06/19/2026		25,300		(899)		651		(248)			0		(126)
Receive	3-Month USD-LIBOR	1.250	Semi-Annual	12/15/2026		200		(4)		19		15			0		(1)
Receive	3-Month USD-LIBOR	1.750	Semi-Annual	12/21/2026		23,400		1,030		263		1,293			0		(119)
Pay	3-Month USD-LIBOR	1.380	Semi-Annual	01/04/2027		1,100		(2)		(71)		(73)			6		0
Pay	3-Month USD-LIBOR	1.570	Semi-Annual	01/12/2027		400		(1)		(22)		(23)			2		0
Pay	3-Month USD-LIBOR	1.425	Semi-Annual	01/18/2027		800		(2)		(50)		(52)			5		0
Pay	3-Month USD-LIBOR	1.418	Semi-Annual	01/20/2027		400		(1)		(25)		(26)			2		0
Pay	3-Month USD-LIBOR	1.580	Semi-Annual	02/16/2027		700		(2)		(40)		(42)			4		0
Receive	3-Month USD-LIBOR	1.500	Semi-Annual	06/21/2027		2,900		201		8		209			0		(15)
Receive	3-Month USD-LIBOR	0.500	Semi-Annual	06/16/2028		38,245		1,607		3,686		5,293			0		(287)
Pay	3-Month USD-LIBOR	1.265	Semi-Annual	09/28/2028		600		(1)		(58)		(59)			4		0
Pay	3-Month USD-LIBOR	1.500	Semi-Annual	12/15/2028		2,948		58		(326)		(268)			19		0
Receive	3-Month USD-LIBOR	1.379	Semi-Annual	12/22/2028		600		(1)		60		59			0		(4)
Pay	3-Month USD-LIBOR	1.518	Semi-Annual	01/20/2029		200		0		(17)		(17)			1		0
Pay	3-Month USD-LIBOR	1.630	Semi-Annual	01/26/2029		400		(1)		(31)		(32)			3		0
Receive	3-Month USD-LIBOR	2.000	Semi-Annual	12/10/2029		1,900		(3)		135		132			0		(14)
Receive	3-Month USD-LIBOR	1.500	Semi-Annual	12/18/2029		1,400		43		96		139			0		(10)
Receive	3-Month USD-LIBOR	1.750	Semi-Annual	01/15/2030		6,300		(75)		594		519			0		(45)
Receive	3-Month USD-LIBOR	2.000	Semi-Annual	02/12/2030		3,800		(67)		317		250			0		(28)
Receive	3-Month USD-LIBOR	2.000	Semi-Annual	03/10/2030		1,800		(2)		122		120			0		(13)
Receive	3-Month USD-LIBOR	1.250	Semi-Annual	06/17/2030		24,580		926		2,231		3,157			0		(176)
Receive	3-Month USD-LIBOR	1.000	Semi-Annual	12/16/2030		706		3		106		109			0		(5)
Pay	3-Month USD-LIBOR	0.750	Semi-Annual	06/16/2031		500		(45)		(47)		(92)			4		0
Receive	3-Month USD-LIBOR	1.405	Semi-Annual	09/07/2031		800		(4)		108		104			0		(6)

Schedule of Investments PIMCO Short-Term Portfolio(Cont.) June 30, 2022 (Unaudited)

Pay		3-Month USD-LIBOR		1.500	Semi-Annual		10/05/2031			500						(1)				(62)				(63)					4					0
Pay		3-Month USD-LIBOR		1.535	Semi-Annual		10/15/2031			500						(1)				(61)				(62)					4					0
Pay		3-Month USD-LIBOR		1.535	Semi-Annual		10/22/2031			300						(1)				(36)				(37)					2					0
Pay		3-Month USD-LIBOR		1.545	Semi-Annual		10/26/2031			300						(1)				(36)				(37)					2					0
Pay		3-Month USD-LIBOR		1.735	Semi-Annual		01/12/2032			300						(1)				(31)				(32)					2					0
Pay		3-Month USD-LIBOR		1.655	Semi-Annual		01/24/2032			400						(1)				(44)				(45)					3					0
Pay		3-Month USD-LIBOR		1.768	Semi-Annual		02/02/2032			300						(1)				(30)				(31)					2					0
Receive		3-Month USD-LIBOR		1.988	Semi-Annual		02/09/2032			200						1				16				17					0					(2)
Receive		3-Month USD-LIBOR		2.008	Semi-Annual		02/09/2032			300						1				24				25					0					(3)
Receive		3-Month USD-LIBOR		2.000	Semi-Annual		01/15/2050			100						(1)				19				18					0					(1)
Receive		3-Month USD-LIBOR		1.625	Semi-Annual		01/16/2050			300						(1)				77				76					0					(2)
Receive		3-Month USD-LIBOR		1.750	Semi-Annual		01/22/2050			700						(4)				165				161					0					(6)
Receive		3-Month USD-LIBOR		1.625	Semi-Annual		02/03/2050			300						(1)				77				76					0					(2)
Receive		3-Month USD-LIBOR		2.000	Semi-Annual		03/20/2050			7,500						(32)				1,367				1,335					0					(119)
Pay		3-Month USD-LIBOR		1.524	Semi-Annual		01/19/2051			3,100						(25)				(833)				(858)					23					0
Receive		3-Month USD-LIBOR		1.967	Semi-Annual		06/23/2051			2,000						(15)				406				391					0					(16)
Receive		3-Month USD-LIBOR		1.968	Semi-Annual		06/23/2051			6,000						(45)				1,170				1,125					0					(96)
Pay		3-Month USD-LIBOR		1.815	Semi-Annual		01/24/2052			100						(1)				(21)				(22)					1					0
Pay		3-Month USD-LIBOR		1.867	Semi-Annual		01/26/2052			100						(1)				(20)				(21)					1					0
Total Swap Agreements													$		4,256			$	9,451			$	13,707				$	281			$		(1,389)
(f)	Securities with an aggregate market value of $2,435 and cash of $3,815 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of June 30, 2022.
(1)	This instrument has a forward starting effective date.
(g)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
PURCHASED OPTIONS:
OPTIONS ON SECURITIES
Counterparty			Description								Strike Price			Expiration Date							Notional Amount(1)					Cost						Market Value
MSC			Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 07/01/2052					$			91.664			07/07/2022							500				$	5				$		9
			Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 07/01/2052								91.703			07/07/2022							500					5						9
Total Purchased Options																									$	10				$		18
WRITTEN OPTIONS:
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				500				$	(2)				$		(2)
			Put - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			3.650					12/01/2023				500					(2)						(2)
			Call - OTC 5-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.250					08/26/2022				700					(4)						(1)
			Put - OTC 5-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.850					08/26/2022				700					(4)						(7)
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.680					07/07/2022				400					(6)						(5)
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.690					07/07/2022				400					(6)						(5)
CBK			Call - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.690					04/02/2024				200					(2)						(1)
			Put - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.690					04/02/2024				200					(2)						(1)
			Call - OTC 5-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			1.755					09/30/2022				800					(5)						(1)
			Put - OTC 5-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.955					09/30/2022				800					(6)						(8)
			Call - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.450					09/01/2022				600					(5)						(4)
			Put - OTC 10-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			3.050					09/01/2022				600					(5)						(6)
DUB			Call - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.920					10/13/2023				300					(2)						(2)
			Put - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.920					10/13/2023				300					(2)						(2)
			Call - OTC 5-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.450					09/02/2022				400					(2)						(2)
			Put - OTC 5-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			3.050					09/02/2022				400					(2)						(3)
FAR			Call - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR			Receive			2.688					04/02/2024				300					(2)						(2)
			Put - OTC 1-Year Interest Rate Swap			3-Month USD-LIBOR			Pay			2.688					04/02/2024				300					(2)						(2)

Schedule of Investments PIMCO Short-Term Portfolio(Cont.) June 30, 2022 (Unaudited)

	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.781	04/05/2024	300	(2)	(2)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.781	04/05/2024	300	(2)	(2)
GLM	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	0.870	11/02/2022	22,000	(44)	0
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	1.270	11/02/2022	3,700	0	0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	1.270	11/02/2022	18,300	(37)	(419)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.920	10/13/2023	300	(2)	(2)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.920	10/13/2023	300	(2)	(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.018	10/20/2023	300	(2)	(2)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.018	10/20/2023	300	(2)	(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.140	10/23/2023	200	(1)	(2)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.140	10/23/2023	200	(1)	(1)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.190	10/23/2023	200	(1)	(2)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.190	10/23/2023	200	(1)	(1)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.225	10/23/2023	200	(1)	(2)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.225	10/23/2023	200	(1)	(1)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.973	10/25/2023	300	(2)	(2)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.973	10/25/2023	300	(2)	(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.841	10/27/2023	300	(2)	(2)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.841	10/27/2023	300	(2)	(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.088	11/03/2023	300	(2)	(2)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.088	11/03/2023	300	(2)	(1)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.910	11/10/2023	200	(1)	(1)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.910	11/10/2023	200	(1)	(1)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.250	11/17/2023	300	(1)	(1)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.750	11/17/2023	300	(1)	(1)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.150	11/20/2023	300	(1)	(1)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.650	11/20/2023	300	(1)	(1)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.250	12/07/2023	500	(2)	(2)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.750	12/07/2023	500	(2)	(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.697	04/02/2024	600	(5)	(4)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.697	04/02/2024	600	(5)	(4)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.721	04/08/2024	300	(2)	(2)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.721	04/08/2024	300	(2)	(2)
	Call - OTC 7-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.450	09/06/2022	400	(3)	(2)
	Put - OTC 7-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.050	09/06/2022	400	(3)	(3)
	Call - OTC 7-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.500	09/07/2022	400	(3)	(3)
	Put - OTC 7-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.100	09/07/2022	400	(3)	(3)
MYC	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.993	10/11/2023	300	(2)	(2)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.993	10/11/2023	300	(2)	(2)
NGF	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.020	11/06/2023	200	(1)	(2)
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.020	11/06/2023	200	(1)	(1)
	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)	(1)

Schedule of Investments PIMCO Short-Term Portfolio(Cont.) June 30, 2022 (Unaudited)

				Call - OTC 10-Year Interest Rate Swap		3-Month USD-LIBOR				Receive					2.550				09/09/2022							600								(5)											(5)
				Put - OTC 10-Year Interest Rate Swap		3-Month USD-LIBOR				Pay					3.150				09/09/2022							600								(5)											(5)
																														$				(226)										$	(559)
OPTIONS ON SECURITIES
Counterparty				Description									Strike Price				Expiration Date									Notional Amount(1)								Premiums (Received)											Market Value
BOA				Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052					$				93.563				09/07/2022									1,000				$				(7)										$	(10)
				Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052									94.438				09/07/2022									1,000								(6)											(6)
				Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052									94.703				09/07/2022									300								(2)											(2)
				Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 07/01/2052									98.297				07/07/2022									500								(3)											(1)
				Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 07/01/2052									99.141				07/07/2022									300								(2)											(2)
JPM				Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052									99.141				09/07/2022									500								(2)											(3)
				Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052									99.156				09/07/2022									300								(1)											(2)
				Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052									99.656				09/07/2022									1,000								(4)											(8)
				Call - OTC Fannie Mae, TBA 4.500% due 09/01/2052									101.141				09/07/2022									500								(1)											(2)
				Put - OTC Uniform Mortgage-Backed Security, TBA 3.500% due 08/01/2052									96.906				08/04/2022									500								(2)											(6)
MSC				Call - OTC Fannie Mae, TBA 2.500% due 09/01/2052									91.359				09/07/2022									500								(3)											(3)
				Put - OTC Uniform Mortgage-Backed Security, TBA 4.000% due 07/01/2052									99.156				07/07/2022									300								(2)											(2)
				Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2052									100.344				07/07/2022									500								(2)											(1)
SAL				Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052									98.234				09/07/2022									1,000								(6)											(4)
				Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052									99.406				09/07/2022									500								(2)											(4)
				Put - OTC Fannie Mae, TBA 4.500% due 09/01/2052									99.656				09/07/2022									500								(2)											(4)
				Call - OTC Fannie Mae, TBA 4.500% due 09/01/2052									100.234				09/07/2022									1,000								(5)											(8)
				Call - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 09/01/2052									94.688				09/07/2022									200								(1)											(1)
				Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 07/01/2052									99.563				07/07/2022									500								(3)											0
																														$				(56)										$	(69)
Total Written Options																														$				(282)										$	(628)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION(2)
																																								Swap Agreements, at Value(4)
Counterparty		Index/Tranches						Fixed Receive Rate				Payment Frequency				Maturity Date						Notional Amount(3)					Premiums Paid/(Received)								Unrealized Appreciation/ (Depreciation)						Asset								Liability
BOA		CMBX.NA.AAA.6 Index						0.500%				Monthly				05/11/2063				$		3,047	$				(57)				$				58			$			1					$			0
		CMBX.NA.AAA.7 Index						0.500				Monthly				01/17/2047						22,393					(644)								674						30								0
FBF		CMBX.NA.AAA.12 Index						0.500				Monthly				08/17/2061						200					(1)								(1)						0								(2)
		CMBX.NA.AAA.6 Index						0.500				Monthly				05/11/2063						1,092					(18)								19						1								0
GST		CMBX.NA.AAA.10 Index						0.500				Monthly				11/17/2059						36,050					(647)								517						0								(130)
		CMBX.NA.AAA.6 Index						0.500				Monthly				05/11/2063						127					1								(1)						0								0
		CMBX.NA.AAA.8 Index						0.500				Monthly				10/17/2057						3,150					(183)								185						2								0
		CMBX.NA.AAA.9 Index						0.500				Monthly				09/17/2058						100					(4)								4						0								0
MYC		CMBX.NA.AAA.6 Index						0.500				Monthly				05/11/2063						558					(11)								11						0								0
SAL		CMBX.NA.AAA.10 Index						0.500				Monthly				11/17/2059						3,100					(24)								13						0								(11)
		CMBX.NA.AAA.11 Index						0.500				Monthly				11/18/2054						2,400					11								(27)						0								(16)
		CMBX.NA.AAA.12 Index						0.500				Monthly				08/17/2061						9,000					(19)								(79)						0								(98)
																								$				(1,596)				$				1,373			$			34					$			(257)
INTEREST RATE SWAPS
																																								Swap Agreements, at Value
Counterparty			Pay/ Receive Floating Rate		Floating Rate Index		Fixed Rate				Payment Frequency			Maturity Date							Notional Amount								Premiums Paid/(Received)								Unrealized Appreciation/ (Depreciation)						Asset								Liability
MYC			Pay		3-Month USD-LIBOR		2.900%				Annual			10/04/2027				$			3,400				$				0				$				(30)			$			0					$			(30)
Total Swap Agreements																								$				(1,596)				$				1,343			$			34					$			(287)
(h)	Securities with an aggregate market value of $777 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of June 30, 2022.
(1)	Notional Amount represents the number of contracts.
(2)	If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

Schedule of Investments PIMCO Short-Term Portfolio(Cont.) June 30, 2022 (Unaudited)

(3)		The maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(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.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory			Level 1		Level 2		Level 3		Fair Value at 06/30/2022
Investments in Securities, at Value
Corporate Bonds & Notes
	Banking & Finance		$	0	$	8	$	0	$	8
U.S. Government Agencies				0		162,780		0		162,780
U.S. Treasury Obligations				0		4,498		0		4,498
Non-Agency Mortgage-Backed Securities				0		100,589		0		100,589
Asset-Backed Securities				0		140,445		0		140,445
Short-Term Instruments
	Repurchase Agreements			0		4,194		0		4,194
	U.S. Treasury Bills			0		2,865		0		2,865
			$	0	$	415,379	$	0	$	415,379
Investments in Affiliates, at Value
Short-Term Instruments
	Central Funds Used for Cash Management Purposes		$	8,960	$	0	$	0	$	8,960
Total Investments			$	8,960	$	415,379	$	0	$	424,339
Short Sales, at Value - Liabilities
U.S. Government Agencies			$	0	$	(5,810)	$	0	$	(5,810)
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared				0		319		0		319
Over the counter				0		52		0		52
			$	0	$	371	$	0	$	371
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared				0		(1,453)		0		(1,453)
Over the counter				0		(915)		0		(915)
			$	0	$	(2,368)	$	0	$	(2,368)
Total Financial Derivative Instruments			$	0	$	(1,997)	$	0	$	(1,997)
Totals			$	8,960	$	407,572	$	0	$	416,532
There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Schedule of Investments PIMCO U.S. Government and Short-Term Investments Portfolio June 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 111.8% ¤
U.S. GOVERNMENT AGENCIES 4.3%
Fannie Mae
1.066% (US0001M + 0.060%) due 12/25/2036 ~	$	125	$	124
1.067% (US0001M + 0.130%) due 03/25/2036 ~		54		54
1.205% due 03/25/2032 •		197		197
1.246% (US0001M + 0.120%) due 06/25/2033 ~		82		79
1.523% due 06/01/2043 •		270		275
1.524% due 02/01/2041 - 10/01/2044 •		1,017		1,037
1.715% due 03/01/2035 •		135		137
1.744% due 03/25/2034 •		62		62
1.844% due 07/25/2032 •		154		152
1.905% due 01/01/2036 •		173		177
1.974% (US0001M + 0.350%) due 05/25/2042 ~		95		95
2.120% due 09/01/2031 •		1		1
2.125% due 12/01/2032 •		2		2
2.137% due 11/01/2035 •		70		73
2.184% due 11/01/2035 •		52		52
2.248% due 10/01/2032 •		4		3
2.259% due 05/01/2025 •		1		1
2.270% due 09/01/2028 •		3		3
2.395% due 12/01/2029 •		5		5
2.488% due 12/01/2029 •		1		1
2.524% due 04/25/2032 •		40		40
2.560% due 08/01/2036 •		15		15
2.610% due 12/01/2029 •		1		1
2.723% due 10/01/2025 •		3		3
2.848% due 08/01/2028 •		6		5
Freddie Mac
0.000% due 03/15/2030 - 01/15/2032 (a)		21,735		16,881
1.524% due 02/25/2045 •		255		260
1.676% due 10/25/2044 •		813		836
1.744% (US0001M + 0.120%) due 07/25/2031 ~		307		303
1.824% (US0001M + 0.500%) due 06/15/2030 ~		12		12
1.824% due 12/15/2032 •		15		15
1.874% due 06/15/2031 •		11		11
1.876% due 07/25/2044 •		486		505
2.024% due 02/15/2027 •		2		2
2.051% due 02/01/2035 •		144		144
2.350% due 02/01/2032 •		1		1
2.554% due 01/01/2032 •		4		4
3.036% due 06/01/2035 •		549		566
3.157% due 07/01/2029 •		3		3
3.333% due 05/01/2032 •		4		4
4.500% due 06/15/2035 - 09/15/2035		477		488
4.605% due 02/01/2025 •		1		1
5.000% due 01/15/2034		1,521		1,585
5.500% due 11/01/2038 - 10/01/2039		49		51
6.500% due 10/25/2043		377		399
Ginnie Mae
1.625% (H15T1Y + 1.500%) due 07/20/2025 - 08/20/2026 ~		77		76
1.750% (H15T1Y + 1.500%) due 10/20/2023 ~		3		3
1.875% (H15T1Y + 1.500%) due 04/20/2023 - 05/20/2024 ~		23		24
1.875% due 04/20/2027 - 04/20/2032 •		9		10
2.000% (H15T1Y + 1.500%) due 10/20/2024 ~		3		3
2.000% due 05/20/2030 •		33		33
2.625% (H15T1Y + 1.500%) due 02/20/2024 - 02/20/2026 ~		7		7
2.625% due 03/20/2025 - 02/20/2030 •		214		213
Israel Government AID Bond 0.000% due 11/01/2024 (b)		39,013		36,363
Residual Funding Corp. STRIPS 0.000% due 01/15/2030 (b)		18,000		13,936
Small Business Administration
1.750% (PRIME - 2.250%) due 05/25/2025 ~		24		24
U.S. Small Business Administration
4.500% due 03/01/2023		10		10
4.760% due 09/01/2025		1,118		1,102
4.770% due 04/01/2024		156		156
4.930% due 01/01/2024		90		90
5.240% due 08/01/2023		55		55
Uniform Mortgage-Backed Security
4.000% due 05/01/2030 - 12/01/2041		1,055		1,058

Schedule of Investments PIMCO U.S. Government and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

4.500% due 04/01/2028 - 11/01/2029	137	137
Total U.S. Government Agencies (Cost $74,416)		77,965
U.S. TREASURY OBLIGATIONS 104.1%
U.S. Treasury Bonds
1.375% due 11/15/2040 (d)	37,030	26,683
1.375% due 08/15/2050 (d)	365,100	240,488
1.625% due 11/15/2050	214,700	151,099
1.750% due 08/15/2041	12,400	9,437
1.875% due 02/15/2041	110,500	86,710
2.250% due 02/15/2052	600	494
2.375% due 02/15/2042 (d)	8,200	6,956
2.750% due 11/15/2042	110,900	99,398
2.875% due 05/15/2043	140,960	128,659
3.000% due 05/15/2042 (d)	191,000	179,212
3.000% due 11/15/2044 (d)	237,300	220,124
3.125% due 02/15/2043	41,250	39,228
3.125% due 08/15/2044	45,000	42,666
3.625% due 08/15/2043	53,000	54,441
3.625% due 02/15/2044	55,000	56,478
3.750% due 11/15/2043	36,220	37,919
4.375% due 02/15/2038	78,530	91,472
4.500% due 05/15/2038	31,463	37,127
U.S. Treasury Notes
0.250% due 07/31/2025	77,900	71,536
1.875% due 08/31/2024	8,680	8,478
2.125% due 03/31/2024 (f)	4,700	4,632
2.125% due 07/31/2024 (f)	21,600	21,227
2.125% due 09/30/2024	27,200	26,700
2.125% due 11/30/2024 (f)	4,000	3,918
2.250% due 03/31/2024	69,500	68,634
2.250% due 10/31/2024	49,610	48,789
2.250% due 11/15/2024	38,950	38,303
2.250% due 11/15/2025	47,400	46,182
2.375% due 02/29/2024	4,870	4,825
2.375% due 08/15/2024 (f)	4,300	4,244
2.500% due 01/31/2024	12,050	11,962
2.875% due 11/30/2023 (f)	5,010	5,005
2.875% due 05/15/2028	9,680	9,569
Total U.S. Treasury Obligations (Cost $2,287,535)		1,882,595
NON-AGENCY MORTGAGE-BACKED SECURITIES 2.8%
Bear Stearns Adjustable Rate Mortgage Trust
2.371% due 01/25/2034 ~	95	94
2.512% due 04/25/2033 ~	15	15
2.625% due 04/25/2033 ~	18	18
2.842% due 02/25/2033 ~	8	7
2.854% due 11/25/2034 ~	269	249
2.875% due 04/25/2033 ~	2	1
Bear Stearns ALT-A Trust
1.944% (US0001M + 0.320%) due 02/25/2034 ~	731	679
2.954% due 11/25/2036 ^~	12,500	7,060
3.128% due 11/25/2036 ~	5,905	3,870
Chevy Chase Funding LLC Mortgage-Backed Certificates 1.874% due 08/25/2035 •	136	128
Citigroup Mortgage Loan Trust 3.950% due 05/25/2035 •	83	80
Countrywide Alternative Loan Trust
1.476% (12MTA + 1.000%) due 02/25/2036 ~	169	153
1.792% due 02/20/2047 ^ •	2,805	2,181
1.944% due 02/25/2047 •	261	233
1.984% due 05/25/2047 •	1,638	1,423
2.024% due 05/25/2036 •	32	28
2.032% (US0001M + 0.420%) due 03/20/2046 ~	2,071	1,637
2.044% (US0001M + 0.420%) due 05/25/2035 ~	349	319
2.184% due 12/25/2035 •	171	159
5.500% due 03/25/2036 ^	889	450
Countrywide Home Loan Mortgage Pass-Through Trust
2.084% due 05/25/2035 •	573	483
2.204% due 04/25/2035 •	50	47
2.284% (US0001M + 0.660%) due 02/25/2035 ~	372	348
2.304% due 02/25/2035 •	191	168
2.592% due 04/25/2035 ~	222	181
2.939% due 09/20/2036 ^~	2,186	1,978
Credit Suisse First Boston Mortgage Securities Corp. 0.098% due 06/25/2032 ~	1	1
Downey Savings & Loan Association Mortgage Loan Trust 2.132% due 08/19/2045 •	185	164
GreenPoint Mortgage Funding Trust 2.064% (US0001M + 0.440%) due 06/25/2045 ~	257	240
GSR Mortgage Loan Trust 2.655% due 04/25/2036 ~	1,918	1,428

Schedule of Investments PIMCO U.S. Government and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

HarborView Mortgage Loan Trust
1.872% due 03/19/2037 •	738	664
2.052% due 05/19/2035 •	608	560
Impac CMB Trust 2.624% (US0001M + 1.000%) due 07/25/2033 ~	13	13
IndyMac INDX Mortgage Loan Trust 2.264% due 02/25/2035 •	856	781
JP Morgan Mortgage Trust
2.896% due 02/25/2036 ^~	357	293
2.947% due 07/25/2035 ~	217	210
MASTR Adjustable Rate Mortgages Trust 2.431% due 05/25/2034 ~	77	74
Merrill Lynch Mortgage Investors Trust 3.586% (US0006M + 1.500%) due 12/25/2032 ~	27	25
Residential Accredit Loans, Inc. Trust
1.836% (12MTA + 1.360%) due 09/25/2045 ~	214	195
1.924% (US0001M + 0.300%) due 08/25/2035 ~	488	384
Residential Asset Mortgage Products Trust 8.500% due 10/25/2031	208	214
Residential Funding Mortgage Securities, Inc. Trust 6.500% due 03/25/2032	13	12
Sequoia Mortgage Trust
2.295% due 10/19/2026 •	124	121
2.295% (US0001M + 0.700%) due 07/20/2033 ~	439	416
2.300% due 07/20/2033 •	313	286
Structured Adjustable Rate Mortgage Loan Trust 1.876% due 01/25/2035 ^•	203	177
Structured Asset Mortgage Investments Trust
2.064% due 05/25/2036 •	7,857	6,725
2.175% due 07/19/2034 •	53	50
2.295% due 03/19/2034 •	108	103
WaMu Mortgage Pass-Through Certificates Trust
1.134% due 12/25/2046 •	884	802
1.206% due 01/25/2047 •	406	383
1.372% due 05/25/2046 •	285	261
1.456% due 06/25/2046 •	1,166	1,116
1.476% due 02/25/2046 •	913	834
1.676% due 11/25/2042 •	167	156
1.723% due 07/25/2046 •	3,100	2,789
1.723% (COF 11 + 1.500%) due 08/25/2046 ~	7,576	6,914
1.723% due 09/25/2046 •	1,060	1,007
1.723% (COF 11 + 1.500%) due 10/25/2046 ~	422	388
1.824% (COF 11 + 1.500%) due 12/25/2046 ~	591	573
2.144% (US0001M + 0.520%) due 11/25/2045 ~	569	526
2.164% due 12/25/2045 •	227	219
2.462% due 03/25/2034 ~	37	36
Washington Mutual Mortgage Pass-Through Certificates Trust
2.642% due 05/25/2033 ~	34	33
Total Non-Agency Mortgage-Backed Securities (Cost $64,461)		51,162
ASSET-BACKED SECURITIES 0.3%
Asset-Backed Securities Corp. Home Equity Loan Trust
1.704% due 05/25/2037 •	19	13
1.844% due 06/15/2031 •	268	255
Bear Stearns Asset-Backed Securities Trust 2.284% due 10/25/2032 •	10	10
Citigroup Global Markets Mortgage Securities, Inc. 2.974% due 01/25/2032 •	117	117
Credit Suisse First Boston Mortgage Securities Corp. 2.244% due 01/25/2032 •	35	33
Credit-Based Asset Servicing & Securitization Trust 1.694% due 01/25/2037 ^•	896	326
GE-WMC Mortgage Securities Trust 1.704% due 08/25/2036 •	42	21
GSAMP Trust
1.694% (US0001M + 0.070%) due 12/25/2036 ~	421	223
1.804% due 11/25/2035 •	137	18
Home Equity Asset Trust 2.544% (US0001M + 0.920%) due 02/25/2033 ~	1	1
HSI Asset Securitization Corp. Trust 1.724% due 10/25/2036 •	97	44
JP Morgan Mortgage Acquisition Trust 1.784% due 08/25/2036 •	27	13
Lehman ABS Mortgage Loan Trust 1.714% (US0001M + 0.090%) due 06/25/2037 ~	384	275
Long Beach Mortgage Loan Trust 2.184% due 10/25/2034 •	1,548	1,454
MASTR Asset-Backed Securities Trust 1.724% due 11/25/2036 •	79	30
Merrill Lynch Mortgage Investors Trust 1.864% due 02/25/2037 •	275	94
Morgan Stanley ABS Capital, Inc. Trust 1.684% (US0001M + 0.060%) due 05/25/2037 ~	157	139

Schedule of Investments PIMCO U.S. Government and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Morgan Stanley IXIS Real Estate Capital Trust 1.674% due 11/25/2036 •	32		12
New Century Home Equity Loan Trust 1.984% due 05/25/2036 •	239		233
Renaissance Home Equity Loan Trust 2.324% due 08/25/2032 •	2		2
Securitized Asset-Backed Receivables LLC Trust
1.744% (US0001M + 0.120%) due 12/25/2036 ^~	1,496		426
1.784% due 11/25/2036 ^•	471		159
Soundview Home Loan Trust
1.684% due 11/25/2036 •	473		161
1.704% due 06/25/2037 •	212		153
Total Asset-Backed Securities (Cost $7,436)			4,212
SHORT-TERM INSTRUMENTS 0.3%
REPURCHASE AGREEMENTS 0.3%			5,293
Total Short-Term Instruments (Cost $5,293)			5,293
Total Investments in Securities (Cost $2,439,141)			2,021,227
	SHARES
INVESTMENTS IN AFFILIATES 2.8%
SHORT-TERM INSTRUMENTS 2.8%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 2.8%
PIMCO Short-Term Floating NAV Portfolio III	5,182,643		50,292
Total Short-Term Instruments (Cost $50,292)			50,292
Total Investments in Affiliates (Cost $50,292)			50,292
Total Investments 114.6% (Cost $2,489,433)		$	2,071,519
Financial Derivative Instruments(e)0.8%(Cost or Premiums, net $32,589)			14,934
Other Assets and Liabilities, net (15.4)%			(278,317)
Net Assets 100.0%		$	1,808,136

Schedule of Investments PIMCO U.S. Government and Short-Term Investments Portfolio(Cont.) June 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.
~	Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.
•	Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.
(a)	Security is an Interest Only ("IO") or IO Strip.
(b)	Zero coupon security.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(c) 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		0.400%	06/30/2022	07/01/2022	$		5,293	U.S. Treasury Notes 3.000% due 06/30/2024									$		(5,399)			$			5,293				$		5,293
Total Repurchase Agreements																	$		(5,399)			$			5,293				$		5,293
REVERSE REPURCHASE AGREEMENTS:
Counterparty						Borrowing Rate(2)			Settlement Date		Maturity Date								Amount Borrowed(2)								Payable for Reverse Repurchase Agreements
BOS						1.510%			06/22/2022		07/06/2022				$				(13,841)							$	(13,846)
BSN						1.170			06/07/2022		07/07/2022								(203,306)								(203,465)
DEU						1.150			06/01/2022		07/15/2022								(18,641)								(18,659)
						1.180			06/02/2022		07/19/2022								(10,707)								(10,717)
						1.500			06/21/2022		07/05/2022								(17,108)								(17,115)
						1.510			06/16/2022		07/07/2022								(13,845)								(13,854)
						1.510			06/22/2022		07/06/2022								(10,767)								(10,772)
JPS						1.090			06/01/2022		07/15/2022								(7,175)								(7,181)
Total Reverse Repurchase Agreements																										$	(295,609)
SALE-BUYBACK TRANSACTIONS:
Counterparty						Borrowing Rate(2)			Borrowing Date		Maturity Date								Amount Borrowed(2)								Payable for Sale-Buyback Transactions(3)
BCY						1.550%			06/29/2022		07/05/2022				$				(11,700)							$	(11,701)
						1.560			06/28/2022		07/01/2022								(7,926)								(7,927)
Total Sale-Buyback Transactions																										$	(19,628)
SHORT SALES:
Description										Coupon		Maturity Date		Principal Amount							Proceeds								Payable for Short Sales
U.S. Government Agencies (1.1)%
Uniform Mortgage-Backed Security, TBA										4.000%		07/01/2052	$			17,000				$				(16,741)				$			(16,768)
Uniform Mortgage-Backed Security, TBA										4.500		08/01/2052				3,000								(2,990)							(3,006)
Total Short Sales (1.1)%																				$				(19,731)				$			(19,774)
(d)	Securities with an aggregate market value of $20,210 have been pledged as collateral under the terms of master agreements as of June 30, 2022.
(1)	Includes accrued interest.
(2)	The average amount of borrowings outstanding during the period ended June 30, 2022 was $(328,237) at a weighted average interest rate of 0.726%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.
(3)	Payable for sale-buyback transactions includes $(2) of deferred price drop.
(e)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED

Schedule of Investments PIMCO U.S. Government and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

FUTURES CONTRACTS:
LONG FUTURES CONTRACTS
																																			Variation Margin
Description						Expiration Month		# of Contracts							Notional Amount												Unrealized Appreciation/ (Depreciation)										Asset													Liability
U.S. Treasury 5-Year Note September Futures						09/2022		3,392				$			380,752								$				1,081								$		1,464									$				(1)
U.S. Treasury 10-Year Note September Futures						09/2022		22,073							2,616,340												(15,839)										18,107													0
U.S. Treasury 10-Year Ultra September Futures						09/2022		501							63,815												1,657										489													0
																						$				(13,101)								$		20,060									$				(1)
SHORT FUTURES CONTRACTS
																																			Variation Margin
Description						Expiration Month		# of Contracts							Notional Amount												Unrealized Appreciation/ (Depreciation)										Asset													Liability
U.S. Treasury 30-Year Bond September Futures						09/2022		2,354				$			(326,323)								$				4,570								$		0									$				(2,759)
U.S. Treasury Ultra Long-Term Bond September Futures						09/2022		1,573							(242,783)												8,915										0													(1,843)
																						$				13,485								$		0									$				(4,602)
Total Futures Contracts																						$				384								$		20,060									$				(4,603)
SWAP AGREEMENTS:
INTEREST RATE SWAPS
																																							Variation Margin
Pay/ Receive Floating Rate		Floating Rate Index	Fixed Rate	Payment Frequency	Maturity Date				Notional Amount								Premiums Paid/ (Received)								Unrealized Appreciation/ (Depreciation)								Market Value										Asset									Liability
Pay		1-Day USD-SOFR Compounded-OIS	3.530%	Annual	06/21/2024		$		474,100					$			1,162			$					1,231					$			2,393								$		684					$				0
Pay		1-Day USD-SOFR Compounded-OIS	3.130	Annual	06/21/2025				1,159,500								1,336								4,486								5,822										1,839									0
Receive		1-Day USD-SOFR Compounded-OIS	1.750	Annual	12/21/2052				53,000								10,095								(568)								9,527										0									(480)
Receive		3-Month USD-LIBOR	2.250	Semi-Annual	06/20/2028				349,800								19,858								(7,651)								12,207										0									(2,173)
Receive		3-Month USD-LIBOR	0.750	Semi-Annual	03/30/2031				13,500								138								2,240								2,378										0									(92)
Receive		3-Month USD-LIBOR	2.606	Semi-Annual	12/21/2047				40,000								0								3,004								3,004										0									(301)
Total Swap Agreements													$			32,589			$					2,742					$			35,331								$		2,523					$				(3,046)
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of June 30, 2022 in valuing the Portfolio's assets and liabilities:
Category and Subcategory										Level 1								Level 2										Level 3										Fair Value at 06/30/2022
Investments in Securities, at Value
U.S. Government Agencies										$	0							$			77,965							$			0							$						77,965
U.S. Treasury Obligations											0										1,882,595										0													1,882,595
Non-Agency Mortgage-Backed Securities											0										51,162										0													51,162
Asset-Backed Securities											0										4,212										0													4,212
Short-Term Instruments
	Repurchase Agreements										0										5,293										0													5,293
										$	0							$			2,021,227							$			0							$						2,021,227
Investments in Affiliates, at Value
Short-Term Instruments
	Central Funds Used for Cash Management Purposes									$	50,292							$			0							$			0							$						50,292
Total Investments										$	50,292							$			2,021,227							$			0							$						2,071,519
Short Sales, at Value - Liabilities
U.S. Government Agencies										$	0							$			(19,774)							$			0							$						(19,774)
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared										$	0							$			22,583							$			0							$						22,583
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared										$	0							$			(7,649)							$			0							$						(7,649)
Total Financial Derivative Instruments										$	0							$			14,934							$			0							$						14,934

Schedule of Investments PIMCO U.S. Government and Short-Term Investments Portfolio(Cont.) June 30, 2022 (Unaudited)

Totals	$	50,292	$	2,016,387	$	0	$	2,066,679
There were no significant transfers into or out of Level 3 during the period ended June 30, 2022.

Notes to Financial Statements

1. BASIS FOR CONSOLIDATION

PIMCO All Asset: Multi-Real Fund (Cayman) Ltd (Cayman Islands exempted company), PIMCO International Portfolio Subsidiary, LLC (Delaware limited liability company), PIMCO Short Asset Portfolio Subsidiary, LLC (Delaware limited liability company) and PIMCO Short-Term Floating NAV III Subsidiary, LLC (Delaware limited liability company), (each a “Subsidiary”) were incorporated as wholly owned subsidiaries acting as investment vehicles for the PIMCO All Asset: Multi-Real Fund, PIMCO International Portfolio, PIMCO Short Asset Portfolio and PIMCO Short-Term Floating NAV Portfolio III respectively, (“Consolidated Fund”) in order to effect certain investments for the Consolidated Fund consistent with each Consolidated Fund’s investment objectives and policies as specified in their respective offering memorandum and offering memorandum supplement. Each Consolidated Fund’s investment portfolio has been consolidated and includes the portfolio holdings of the Consolidated Fund and its respective Subsidiary. The consolidated financial statements include the accounts of each Consolidated Fund and its respective Subsidiary, if any. All inter-company transactions and balances have been eliminated. A subscription agreement was entered into between the PIMCO All Asset: Multi-Real Fund, PIMCO International Portfolio, PIMCO Short Asset Portfolio and PIMCO Short-Term Floating NAV Portfolio III and their Subsidiaries comprising the entire issued share capital of the Subsidiary, with the intent that each Consolidated Fund will remain the sole shareholder and retain all rights. Under the Memorandum and Articles of Association of each Subsidiary, shares issued by each Subsidiary confer upon a shareholder the right to receive notice of, to attend and to vote at general meetings of the respective Subsidiary and shall confer upon the shareholder rights in a winding-up or repayment of capital and the right to participate in the profits or assets of the respective Subsidiaries. See the table below for details regarding the structure, incorporation and relationship as of period end of each Subsidiary to its respective Consolidated Fund.

		Date of	Subsidiary % of Consolidated Fund
Fund Name	Subsidiary	Incorporation	Net Assets
PIMCO All Asset: Multi-Real Fund	PIMCO All Asset: Multi-Real Fund (Cayman) Ltd	06/17/2020	32.6%
PIMCO International Portfolio	PIMCO International Portfolio Subsidiary, LLC	03/20/2014	21.2%
PIMCO Short Asset Portfolio	PIMCO Short Asset Portfolio Subsidiary, LLC	03/01/2017	0.0%
PIMCO Short-Term Floating NAV Portfolio III	PIMCO Short-Term Floating NAV Portfolio III Subsidiary, LLC	03/20/2014	0.1%

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

2. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS

(a) Investment Valuation Policies The price of a Portfolio's shares is based on the Portfolio's net asset value ("NAV"). The NAV of a Portfolio, 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 Portfolio or class, by the total number of shares outstanding of that Portfolio or class.

On each day that the New York Stock Exchange (“NYSE”) is open, with respect to each Portfolio other than the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, portfolio shares are ordinarily valued as of the close of regular trading (normally 4:00 p.m., Eastern time) (“NYSE Close”). With respect to the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III portfolio shares are ordinarily valued as of 3:00 p.m. Eastern time, on each day that the NYSE is open. Information that becomes known to the Portfolios or their agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, each Portfolio 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 Portfolio 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 Portfolio 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 Portfolio may determine.

For purposes of calculating NAV, portfolio securities and other assets for which market quotes are readily available are valued at market value. Market value is generally determined on the basis of official closing prices or the last reported sales prices, or if no sales are reported, based on quotes obtained from established market makers or prices (including evaluated prices) supplied by the Portfolios' approved pricing services, quotation reporting systems and other third-party sources (together, “Pricing Services”). The Portfolios will normally use pricing data for domestic equity securities received shortly after the NYSE Close (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and the NYSE Close) and do not normally take into account trading, clearances or settlements that take place after the NYSE Close (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and the NYSE Close). If market value pricing is used, a foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by PIMCO to be the primary exchange. A foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and the NYSE Close), if the NYSE Close (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and the NYSE Close) occurs before the end of trading on the foreign exchange. 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 Services using such data reflecting the principal markets for those securities. Prices obtained from Pricing Services 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 Services or quotes obtained from brokers and dealers. A Portfolio'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 (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and the NYSE Close), the security may be valued at fair value based on procedures established and approved by the Board of Trustees of the Trust (the “Board”). Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, a Portfolio may determine the fair value of investments based on information provided by Pricing Services and other third-party vendors, which may recommend fair value or adjustments with reference to other securities, indices or assets. In considering

Notes to Financial Statements (Cont.)

whether fair valuation is required and in determining fair values, a Portfolio 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 (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and the NYSE Close). A Portfolio may utilize modeling tools provided by third-party vendors to determine fair values of foreign (non-U.S.) securities. For these purposes, any movement in the applicable reference index or instrument (“zero trigger”) between the earlier close of the applicable foreign market and the NYSE Close may be deemed to be a significant event, prompting the application of the pricing model (effectively resulting in daily fair valuations). Foreign exchanges may permit trading in foreign (non-U.S.) equity securities on days when the Trust is not open for business, which may result in a Portfolio's portfolio investments being affected when shareholders are unable to buy or sell shares.

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 Service. 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 Services. As a result, the value of such investments and, in turn, the NAV of a Portfolio's shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Trust is not open for business. As a result, to the extent that a Portfolio holds foreign (non-U.S.) investments, the value of those investments may change at times when shareholders are unable to buy or sell shares and the value of such investments will be reflected in the Portfolio's next calculated NAV.

Investments for which market quotes or market based valuations are not readily available are valued at fair value as determined in good faith by the Board or persons acting at their direction. The Board has adopted methods for valuing securities and other assets in circumstances where market quotes are not readily available, and has delegated to the Adviser the responsibility for applying the fair valuation methods. In the event that market quotes or market based valuations are not readily available, and the security or asset cannot be valued pursuant to a Board approved valuation method, the value of the security or asset will be determined in good faith by the Board. Market quotes are considered not readily available in circumstances where there is an absence of current or reliable market-based data (e.g., trade information, bid/ask information, indicative market quotations (“Broker Quotes”), Pricing Services’ prices), including where events occur after the close of the relevant market, but prior to the NYSE Close (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and the NYSE Close), that materially affect the values of the Portfolio's securities or assets. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities trade do not open for trading for the entire day and no other market prices are available. The Board has delegated, to the Adviser, the responsibility for monitoring significant events that may materially affect the values of the Portfolio's securities or assets and for determining whether the value of the applicable securities or assets should be reevaluated in light of such significant events.

When a Portfolio uses fair valuation to determine the value of a portfolio security or other asset for purposes of calculating its NAV, such investments will not be priced on the basis of quotes from the primary market in which they are traded, but rather may be priced by another method that the Board or persons acting at their direction believe reflects fair value. Fair valuation may require subjective determinations about the value of a security. While the Trust’s policy is intended to result in a calculation of a Portfolio's NAV that fairly reflects security values as of the time of pricing, the Trust cannot ensure that fair values determined by the Board or persons acting at their direction would accurately reflect the price that a Portfolio could obtain for a security if it were to dispose of that security as of the time of pricing (for instance, in a forced or distressed sale). The prices used by a Portfolio may differ from the value that would be realized if the securities were sold. The Portfolios' use of fair valuation may also help to deter “stale price arbitrage” as discussed under the "Abusive Trading Practices" section in each Portfolio's Offering Memorandum.

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

• Level 1 — Quoted prices 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 Board or persons acting at their direction that are used in determining the fair value of investments.

Assets or liabilities categorized as Level 2 or 3 as of period end have been transferred between Levels 2 and 3 since the prior period due to changes in the method utilized in valuing the investments. Transfers from Level 3 to Level 2 are a result of the availability of current and reliable market-based data provided by Pricing Services or other valuation techniques which utilize significant observable inputs. In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for each respective Portfolio.

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

(c) Valuation Techniques and the Fair Value Hierarchy

Notes to Financial Statements (Cont.)

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 (or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and the NYSE Close). These securities are valued using Pricing 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 or, in the case of the PIMCO Short-Term Floating NAV Portfolio II and PIMCO Short-Term Floating NAV Portfolio III, the earlier of 3:00 p.m. Eastern time and the NYSE Close). Depending on the product and the terms of the transaction, financial derivative instruments can be valued by Pricing 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.

.

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, London Interbank Offered Rate 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.

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

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

Reference instrument valuation estimates fair value by utilizing the correlation of the security to one or more broad-based securities, market indices, and/or other financial instruments, whose pricing information is readily available. Unobservable inputs may include those used in algorithms based on percentage change in the reference instruments

Notes to Financial Statements (Cont.)

and/or weights of each reference instrument. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 2 or Level 3 of the fair value hierarchy depending on the source or input of the reference instrument.

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

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

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.

3. FEDERAL INCOME TAX MATTERS

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

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

In accordance with U.S. GAAP, the Adviser has reviewed the Portfolios' tax positions for all open tax years. As of June 30, 2022, the Portfolios have recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in future tax returns.

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

The Portfolios may gain exposure to the commodities markets primarily through investments in swap agreements, futures and options. The PIMCO All Asset: Multi-Real Fund may also gain exposure indirectly to commodity markets by investing in the Multi-Real Fund (Cayman) Ltd., which may invest without limit in commodity-linked swap agreements and other commodity-linked derivative instruments.

One of the requirements for favorable tax treatment as a regulated investment company under the Code is that a Portfolio must derive at least 90% of its gross income from certain qualifying sources of income. The Internal Revenue Service (“IRS”) has issued a revenue ruling which holds that income derived from commodity index-linked derivatives, if earned directly by a Portfolio, is not qualifying income under Subchapter M of the Code. The IRS has issued private letter rulings in which the IRS specifically concluded that income derived from an investment in a subsidiary that provides commodity-linked exposure through its investments will be qualifying income. Based on the reasoning in such rulings, a portfolio will continue to seek to gain exposure to the commodity markets primarily through investments in the Subsidiary and perhaps through commodity-linked notes.

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

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

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

4. INVESTMENTS IN AFFILIATES

Each Portfolio may invest in the PIMCO Short Asset Portfolio and the PIMCO Short-Term Floating NAV Portfolio III ("Central Funds") to the extent permitted by the Act 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 Portfolios. A copy of each affiliate fund’s shareholder report is available at the U.S. Securities and Exchange Commission website at www.sec.gov, on the Funds’ website at www.pimco.com, or upon request, as applicable. The tables below show the Portfolios’ transactions in and earnings from investments in the affiliated Funds for the period ended June 30, 2022 (amounts in thousands†):

Investments in PIMCO Short Asset Portfolio

Notes to Financial Statements (Cont.)

Portfolio Name		Market Value 03/31/2022		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 06/30/2022		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO All Asset: Multi-RAE PLUS Fund	$	5,506	$	6	$	(5,511)	$	(85)	$	84	$	0	$	7	$	0
PIMCO All Asset: Multi-Short PLUS Fund		14,585		52		(1,476)		(11)		(96)		13,054		52		0

Investments in PIMCO Short-Term Floating NAV Portfolio III

Portfolio Name		Market Value 03/31/2022		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 06/30/2022		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO ABS and Short-Term Investments Portfolio	$	720,008	$	635,753	$	(1,059,700)	$	(4,933)	$	4,702	$	295,830	$	1,053	$	0
PIMCO All Asset: Multi-RAE PLUS Fund		91,070		125		(34,883)		(16)		(15)		56,281		125		0
PIMCO All Asset: Multi-Short PLUS Fund		3,098		82,317		(75,100)		(2)		1		10,314		17		0
PIMCO All Asset: Multi-Real Fund		125		74,306		(64,700)		(14)		0		9,717		6		0
PIMCO EM Bond and Short-Term Investments Portfolio		14,503		29		0		0		(9)		14,523		29		0
PIMCO High Yield and Short-Term Investments Portfolio		40,599		55,277		(68,700)		(52)		36		27,160		77		0
PIMCO Investment Grade Credit Bond Portfolio		277,145		397,444		(581,599)		(29)		(70)		92,891		245		0
PIMCO Long Duration Credit Bond Portfolio		165		458,428		(456,400)		(85)		0		2,108		28		0
PIMCO Mortgage and Short-Term Investments Portfolio		167		105,122		(86,800)		(7)		(5)		18,477		22		0
PIMCO Municipal Portfolio		3,453		12,907		(14,201)		(2)		2		2,159		7		0
PIMCO Real Return Portfolio		155		36,504		(34,201)		0		(1)		2,457		4		0
PIMCO Short-Term Portfolio		37,129		54,747		(82,900)		(25)		9		8,960		47		0
PIMCO U.S. Government and Short-Term Investments Portfolio		188		147,407		(97,300)		(3)		0		50,292		8		0
PIMCO International Portfolio		133,208		265		0		0		(82)		133,391		265		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.

Glossary: (abbreviations that may be used in the preceding statements)					(Unaudited)
Counterparty Abbreviations:
AZD	Australia and New Zealand Banking Group	GLM	Goldman Sachs Bank USA	NXN	Natixis New York
BCY	Barclays Capital, Inc.	GRE	NatWest Markets Securities Inc.	RBC	Royal Bank of Canada
BOA	Bank of America N.A.	GST	Goldman Sachs International	RDR	RBC Capital Markets LLC
BOS	BofA Securities, Inc.	HUS	HSBC Bank USA N.A.	RYL	NatWest Markets Plc
BPG	BNP Paribas Securities Corp.	IND	Crédit Agricole Corporate and Investment Bank S.A.	SAL	Citigroup Global Markets, Inc.
BPS	BNP Paribas S.A.	JML	JP Morgan Securities Plc	SBI	Citigroup Global Markets Ltd.
BRC	Barclays Bank PLC	JPM	JP Morgan Chase Bank N.A.	SCX	Standard Chartered Bank, London
BSH	Banco Santander S.A. - New York Branch	JPS	J.P. Morgan Securities LLC	SGY	Societe Generale, NY
BSN	The Bank of Nova Scotia - Toronto	MBC	HSBC Bank Plc	SOG	Societe Generale Paris
CBK	Citibank N.A.	MEI	Merrill Lynch International	SSB	State Street Bank and Trust Co.
CSN	Credit Suisse AG (New York)	MSC	Morgan Stanley & Co. LLC.	STR	State Street FICC Repo
DEU	Deutsche Bank Securities, Inc.	MSR	Morgan Stanley & Co LLC FICC Repo	TDM	TD Securities (USA) LLC
DUB	Deutsche Bank AG	MYC	Morgan Stanley Capital Services LLC	TOR	The Toronto-Dominion Bank
FAR	Wells Fargo Bank National Association	MYI	Morgan Stanley & Co. International PLC	UAG	UBS AG Stamford
FBF	Credit Suisse International	NGF	Nomura Global Financial Products, Inc.	UBS	UBS Securities LLC
FICC	Fixed Income Clearing Corporation	NOM	Nomura Securities International Inc.
Currency Abbreviations:
ARS	Argentine Peso	GBP	British Pound	NZD	New Zealand Dollar
AUD	Australian Dollar	HKD	Hong Kong Dollar	PEN	Peruvian New Sol
BRL	Brazilian Real	IDR	Indonesian Rupiah	RUB	Russian Ruble
CAD	Canadian Dollar	ILS	Israeli Shekel	SEK	Swedish Krona
CHF	Swiss Franc	INR	Indian Rupee	SGD	Singapore Dollar
CLP	Chilean Peso	JPY	Japanese Yen	TWD	Taiwanese Dollar
CNH	Chinese Renminbi (Offshore)	KRW	South Korean Won	USD (or $)	United States Dollar
DKK	Danish Krone	MXN	Mexican Peso	ZAR	South African Rand
EUR	Euro	NOK	Norwegian Krone
Exchange Abbreviations:
CME	Chicago Mercantile Exchange	MSE	Montreal Stock Exchange	OTC	Over the Counter
Index/Spread Abbreviations:
12MTA	12 Month Treasury Average	CPTFEMU	Eurozone HICP ex-Tobacco Index	PRIME	Daily US Prime Rate
ABX.HE	Asset-Backed Securities Index - Home Equity	CPURNSA	Consumer Price All Urban Non-Seasonally Adjusted Index	RADMFENT	RAFI Dynamic Multi-Factor Emerging Markets Equity ETF
AMNAX	Alerian Midstream Energy Total Return Index	CSIXTR	Credit Suisse U.S. Dollar Total Return Index	RADMFXNT	RAFI Dynamic Multi-Factor Developed Ex- U.S. Index
AMZX	Alerian MLP Total Return Index	DWRTFT	Dow Jones Wilshire REIT Total Return Index	RU20INTR	Russell 2000 Total Return Index
BADLARPP	Argentina Badlar Floating Rate Notes	ERADXULT	eRAFI International Large Strategy Index	S&P 500	Standard & Poor's 500 Index
BBSW3M	3 Month Bank Bill Swap Rate	ERAEMLT	eRAFI Emerging Markets Strategy Index	SOFRINDX	Secured Overnight Financing Rate Index
BCOMF1NTC	Bloomberg Commodity Index 1-Month Forward Total Return Custom Index	ERAUSST	eRAFI U.S. Small Strategy Index	SOFR30A	30-day Secured Overnight Financing Rate Average
BCOMTR	Bloomberg Commodity Index Total Return	EUR003M	3 Month EUR Swap Rate	SOFR	Secured Overnight Financing Rate
BP0003M	3 Month GBP-LIBOR	H15T1Y	1 Year US Treasury Yield Curve Constant Maturity Rate	SONIO	Sterling Overnight Interbank Average Rate
BRENT	Brent Crude	LIBOR01M	1 Month USD-LIBOR	TSFR1M	Term SOFR 1-Month
CDX.EM	Credit Derivatives Index - Emerging Markets	LIBOR03M	3 Month USD-LIBOR	UKRPI	United Kingdom Retail Prices Index
CDX.HY	Credit Derivatives Index - High Yield	LIBOR06M	6 Month USD-LIBOR	US0001M	ICE 1-Month USD LIBOR
CDX.IG	Credit Derivatives Index - Investment Grade	MUTKCALM	Tokyo Overnight Average Rate	US0003M	ICE 3-Month USD LIBOR
CMBX	Commercial Mortgage-Backed Index	NDDUEAFE	MSCI EAFE Index	US0006M	ICE 6-Month USD LIBOR
COF 11	Cost of Funds - 11th District of San Francisco	NDUEEGF	iShares MSCI Emerging Markets ETF	US0012M	ICE 12-Month USD LIBOR
Municipal Bond or Agency Abbreviations:
AGM	Assured Guaranty Municipal	CR	Custodial Receipts	NPFGC	National Public Finance Guarantee Corp.
BAM	Build America Mutual Assurance	FHA	Federal Housing Administration
Other Abbreviations:
ABS	Asset-Backed Security	CMBS	Collateralized Mortgage-Backed Security	PIK	Payment-in-Kind
AID	Agency International Development	DAC	Designated Activity Company	REIT	Real Estate Investment Trust
ALT	Alternate Loan Trust	EURIBOR	Euro Interbank Offered Rate	REMIC	Real Estate Mortgage Investment Conduit
BABs	Build America Bonds	LIBOR	London Interbank Offered Rate	RMBS	Residential Mortgage-Backed Security
BRL-CDI	Brazil Interbank Deposit Rate	OAT	Obligations Assimilables du Trésor	TBA	To-Be-Announced
BTP	Buoni del Tesoro Poliennali "Long-term Treasury Bond"	OIS	Overnight Index Swap	TBD	To-Be-Determined
CLO	Collateralized Loan Obligation	oz.	Ounce	WTI	West Texas Intermediate