NPORT-EX 2 pimcoetftrust.htm PIMCO ETF TRUST pimcoetftrust

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

March 31, 2022

(Unaudited)

 

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

 

 

PRINCIPAL
AMOUNT
(000s)

 

MARKET
VALUE
(000s)

INVESTMENTS IN SECURITIES 98.3% ¤

 

 

 

 

LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%

 

 

 

 

Diamond Sports Group LLC
9.000% due 05/26/2026

$

1,547

$

1,574

Intelsat Jackson Holdings SA
4.920% due 02/01/2029

 

1,787

 

1,760

Total Loan Participations and Assignments (Cost $3,166)

 

 

 

3,334

CORPORATE BONDS & NOTES 91.1%

 

 

 

 

BANKING & FINANCE 15.4%

 

 

 

 

Acrisure LLC

 

 

 

 

7.000% due 11/15/2025

 

1,738

 

1,739

10.125% due 08/01/2026

 

944

 

1,007

AerCap Holdings NV
5.875% due 10/10/2079 •

 

1,119

 

1,076

Allied Universal Holdco LLC
6.625% due 07/15/2026

 

9,089

 

9,209

Ally Financial, Inc.
5.750% due 11/20/2025

 

1,366

 

1,438

AssuredPartners, Inc.
7.000% due 08/15/2025

 

722

 

718

Brookfield Property REIT, Inc.
5.750% due 05/15/2026

 

328

 

325

Credit Acceptance Corp.

 

 

 

 

5.125% due 12/31/2024

 

1,181

 

1,187

6.625% due 03/15/2026

 

2,509

 

2,563

Deutsche Bank AG

 

 

 

 

4.296% due 05/24/2028 •

 

208

 

206

4.500% due 04/01/2025

 

6,969

 

7,003

Diversified Healthcare Trust
9.750% due 06/15/2025

 

3,908

 

4,118

Enact Holdings, Inc.
6.500% due 08/15/2025

 

7,098

 

7,335

Enova International, Inc.

 

 

 

 

8.500% due 09/01/2024

 

1,254

 

1,250

8.500% due 09/15/2025

 

1,670

 

1,666

Fly Leasing Ltd.
7.000% due 10/15/2024

 

1,433

 

1,291

Ford Motor Credit Co. LLC

 

 

 

 

2.300% due 02/10/2025

 

1,089

 

1,035

2.700% due 08/10/2026

 

705

 

657

2.979% due 08/03/2022

 

602

 

603

3.087% due 01/09/2023

 

210

 

211

3.096% due 05/04/2023

 

110

 

110

3.350% due 11/01/2022

 

477

 

479

3.370% due 11/17/2023

 

20

 

20

3.550% due 10/07/2022

 

410

 

411

3.664% due 09/08/2024

 

3,330

 

3,295

3.810% due 01/09/2024

 

1,417

 

1,417

3.815% due 11/02/2027

 

200

 

190

4.063% due 11/01/2024

 

2,778

 

2,773

4.134% due 08/04/2025

 

668

 

668

4.140% due 02/15/2023

 

474

 

478

4.250% due 09/20/2022

 

1,743

 

1,756

4.375% due 08/06/2023

 

641

 

648

4.389% due 01/08/2026

 

2,280

 

2,277

4.950% due 05/28/2027

 

2,000

 

2,036

5.125% due 06/16/2025

 

713

 

728

5.584% due 03/18/2024

 

2,561

 

2,637

Fortress Transportation & Infrastructure Investors LLC
6.500% due 10/01/2025

 

5,868

 

5,833

Freedom Mortgage Corp.

 

 

 

 

6.625% due 01/15/2027

 

1,804

 

1,675

7.625% due 05/01/2026

 

328

 

314

8.125% due 11/15/2024

 

4,013

 

4,002

8.250% due 04/15/2025

 

1,244

 

1,242

Genworth Holdings, Inc.
4.800% due 02/15/2024

 

1,345

 

1,373

Geo Group, Inc.
5.125% due 04/01/2023 (h)

 

2,514

 

2,404

 

 

 

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Global Aircraft Leasing Co. Ltd. (6.500% Cash or 7.250% PIK)
6.500% due 09/15/2024 (a)

 

150

 

136

Greystar Real Estate Partners LLC
5.750% due 12/01/2025

 

250

 

252

HAT Holdings LLC
3.375% due 06/15/2026

 

5,186

 

4,934

Icahn Enterprises LP

 

 

 

 

4.750% due 09/15/2024

 

4,512

 

4,538

6.250% due 05/15/2026

 

1,040

 

1,062

6.375% due 12/15/2025

 

722

 

729

Intelsat Jackson Holdings SA

 

 

 

 

5.500% due 08/01/2023 «

 

5,633

 

0

8.500% due 10/15/2024 «

 

2,975

 

0

Intesa Sanpaolo SpA

 

 

 

 

5.017% due 06/26/2024

 

8,093

 

8,163

5.710% due 01/15/2026

 

1,248

 

1,276

iStar, Inc.

 

 

 

 

4.250% due 08/01/2025

 

325

 

320

4.750% due 10/01/2024

 

2,057

 

2,077

Jefferson Capital Holdings LLC
6.000% due 08/15/2026

 

2,017

 

1,928

KCA Deutag U.K. Finance PLC
9.875% due 12/01/2025 (j)

 

293

 

303

Ladder Capital Finance Holdings LLLP
5.250% due 10/01/2025

 

3,581

 

3,572

LFS Topco LLC
5.875% due 10/15/2026

 

926

 

869

MGM Growth Properties Operating Partnership LP

 

 

 

 

4.625% due 06/15/2025

 

4,106

 

4,143

5.625% due 05/01/2024

 

7,141

 

7,363

5.750% due 02/01/2027 (h)

 

1,600

 

1,697

Navient Corp.

 

 

 

 

5.500% due 01/25/2023

 

253

 

256

6.125% due 03/25/2024

 

3,105

 

3,165

6.750% due 06/25/2025

 

976

 

1,004

6.750% due 06/15/2026

 

3,829

 

3,910

Newmark Group, Inc.
6.125% due 11/15/2023

 

876

 

917

NFP Corp.
6.875% due 08/15/2028

 

1,741

 

1,665

NMI Holdings, Inc.
7.375% due 06/01/2025

 

2,409

 

2,533

OneMain Finance Corp.

 

 

 

 

5.625% due 03/15/2023

 

4,084

 

4,165

6.125% due 03/15/2024

 

8,966

 

9,201

6.875% due 03/15/2025

 

1,373

 

1,445

7.125% due 03/15/2026

 

1,817

 

1,944

8.250% due 10/01/2023

 

10

 

11

8.875% due 06/01/2025

 

298

 

314

Oxford Finance LLC
6.375% due 02/01/2027

 

1,748

 

1,784

Park Intermediate Holdings LLC
7.500% due 06/01/2025

 

4,100

 

4,270

PennyMac Financial Services, Inc.
5.375% due 10/15/2025

 

3,292

 

3,264

PRA Group, Inc.
7.375% due 09/01/2025

 

6,596

 

6,882

Provident Funding Associates LP
6.375% due 06/15/2025

 

2,627

 

2,586

Radian Group, Inc.

 

 

 

 

4.500% due 10/01/2024

 

759

 

764

6.625% due 03/15/2025

 

4,356

 

4,590

RLJ Lodging Trust LP
3.750% due 07/01/2026

 

4,304

 

4,095

Rocket Mortgage LLC
2.875% due 10/15/2026

 

3,032

 

2,790

Service Properties Trust

 

 

 

 

4.750% due 10/01/2026

 

2,698

 

2,472

5.000% due 08/15/2022

 

2,396

 

2,387

7.500% due 09/15/2025

 

5,696

 

5,983

Sitka Holdings LLC
5.506% due 07/06/2026 •

 

2,507

 

2,392

SLM Corp.

 

 

 

 

3.125% due 11/02/2026

 

4,596

 

4,273

4.200% due 10/29/2025

 

2,314

 

2,298

Starwood Property Trust, Inc.

 

 

 

 

3.625% due 07/15/2026

 

1,098

 

1,050

3.750% due 12/31/2024

 

4,799

 

4,662

4.375% due 01/15/2027

 

3,330

 

3,235

4.750% due 03/15/2025

 

741

 

751

5.500% due 11/01/2023

 

2,001

 

2,037

United Wholesale Mortgage LLC
5.500% due 11/15/2025

 

2,277

 

2,213

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Uniti Group LP
7.875% due 02/15/2025

 

3,988

 

4,148

USI, Inc.
6.875% due 05/01/2025

 

3,846

 

3,865

VICI Properties LP
3.500% due 02/15/2025

 

5,047

 

4,980

Voyager Aviation Holdings LLC
8.500% due 05/09/2026

 

1,147

 

1,065

XHR LP
6.375% due 08/15/2025

 

2,272

 

2,344

 

 

 

 

236,475

INDUSTRIALS 68.4%

 

 

 

 

24 Hour Fitness Worldwide, Inc.
8.000% due 06/01/2022 ^«(b)

 

3,264

 

8

Adient Global Holdings Ltd.
4.875% due 08/15/2026

 

2,619

 

2,497

ADT Security Corp.
4.125% due 06/15/2023

 

1,464

 

1,482

AerCap Global Aviation Trust
6.500% due 06/15/2045 •

 

110

 

108

Air Canada
3.875% due 08/15/2026

 

4,098

 

3,873

Albertsons Cos., Inc.

 

 

 

 

3.250% due 03/15/2026

 

3,860

 

3,654

3.500% due 02/15/2023

 

2,946

 

2,951

4.625% due 01/15/2027

 

235

 

228

7.500% due 03/15/2026

 

1,424

 

1,506

Albion Financing 1 SARL
6.125% due 10/15/2026

 

1,582

 

1,529

Altice France SA
8.125% due 02/01/2027

 

3,291

 

3,397

AMC Entertainment Holdings, Inc.
10.000% due 06/15/2026 (h)

 

2,274

 

2,044

AMC Networks, Inc.

 

 

 

 

4.750% due 08/01/2025

 

5,056

 

5,047

5.000% due 04/01/2024

 

2,292

 

2,289

American Airlines Group, Inc.

 

 

 

 

3.750% due 03/01/2025 (h)

 

1,128

 

1,030

5.000% due 06/01/2022 (h)

 

1,248

 

1,249

American Airlines, Inc.

 

 

 

 

5.500% due 04/20/2026

 

11,486

 

11,588

11.750% due 07/15/2025

 

4,105

 

4,798

Antero Resources Corp.
8.375% due 07/15/2026

 

1,014

 

1,119

Aramark Services, Inc.

 

 

 

 

5.000% due 04/01/2025

 

416

 

418

6.375% due 05/01/2025

 

4,310

 

4,430

Arconic Corp.
6.000% due 05/15/2025

 

3,099

 

3,178

Ardagh Packaging Finance PLC

 

 

 

 

4.125% due 08/15/2026

 

4,177

 

4,029

5.250% due 04/30/2025

 

2,241

 

2,242

5.250% due 08/15/2027

 

1,100

 

1,018

Artera Services LLC
9.033% due 12/04/2025

 

4,818

 

4,820

Ascent Resources Utica Holdings LLC
7.000% due 11/01/2026

 

4,219

 

4,334

At Home Group, Inc.

 

 

 

 

4.875% due 07/15/2028

 

462

 

412

7.125% due 07/15/2029

 

353

 

306

ATP Tower Holdings LLC
4.050% due 04/27/2026

 

2,083

 

1,981

Avient Corp.

 

 

 

 

5.250% due 03/15/2023

 

2,983

 

3,030

5.750% due 05/15/2025

 

1,864

 

1,917

Avon Products, Inc.
6.500% due 03/15/2023

 

4,505

 

4,551

B&G Foods, Inc.
5.250% due 04/01/2025

 

3,697

 

3,621

B.C. Unlimited Liability Co.
5.750% due 04/15/2025

 

1,146

 

1,180

Ball Corp.

 

 

 

 

4.000% due 11/15/2023

 

19

 

19

4.875% due 03/15/2026

 

713

 

739

5.250% due 07/01/2025

 

437

 

464

Banijay Entertainment SASU
5.375% due 03/01/2025

 

2,057

 

2,016

Bath & Body Works, Inc.

 

 

 

 

6.694% due 01/15/2027

 

50

 

53

9.375% due 07/01/2025

 

447

 

511

Bausch Health Americas, Inc.
9.250% due 04/01/2026

 

4,962

 

5,087

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Bausch Health Cos., Inc.

 

 

 

 

5.500% due 11/01/2025

 

1,056

 

1,048

6.125% due 04/15/2025

 

9,847

 

9,939

9.000% due 12/15/2025

 

8,054

 

8,353

Beacon Roofing Supply, Inc.
4.500% due 11/15/2026

 

1,683

 

1,675

Berry Global, Inc.
4.500% due 02/15/2026

 

2,503

 

2,506

Blackstone Mortgage Trust, Inc.
3.750% due 01/15/2027

 

10

 

9

Block, Inc.
2.750% due 06/01/2026

 

3,716

 

3,517

Bombardier, Inc.

 

 

 

 

7.125% due 06/15/2026

 

7,409

 

7,270

7.500% due 12/01/2024

 

1,123

 

1,161

7.500% due 03/15/2025

 

4,811

 

4,841

Boxer Parent Co., Inc.
7.125% due 10/02/2025

 

5,830

 

6,053

Boyd Gaming Corp.
8.625% due 06/01/2025

 

1,041

 

1,095

Brink's Co.
5.500% due 07/15/2025

 

3,428

 

3,459

Buckeye Partners LP

 

 

 

 

3.950% due 12/01/2026

 

2,252

 

2,205

4.125% due 03/01/2025

 

1,355

 

1,338

4.150% due 07/01/2023

 

192

 

193

4.350% due 10/15/2024

 

539

 

542

6.375% due 01/22/2078 •

 

1

 

1

Caesars Entertainment, Inc.
6.250% due 07/01/2025

 

16,026

 

16,566

Caesars Resort Collection LLC
5.750% due 07/01/2025

 

1,407

 

1,438

Camelot Finance SA
4.500% due 11/01/2026

 

788

 

768

Carnival Corp.

 

 

 

 

7.625% due 03/01/2026

 

3,443

 

3,470

10.500% due 02/01/2026

 

1,178

 

1,312

Carvana Co.
5.625% due 10/01/2025

 

3,675

 

3,470

Cascades, Inc.
5.125% due 01/15/2026

 

1,322

 

1,320

CCO Holdings LLC
4.500% due 08/15/2030

 

2,011

 

1,890

CD&R Smokey Buyer, Inc.
6.750% due 07/15/2025

 

1,314

 

1,352

CDW LLC
5.500% due 12/01/2024

 

315

 

326

CEC Entertainment LLC
6.750% due 05/01/2026

 

2,469

 

2,391

Cedar Fair LP
5.500% due 05/01/2025

 

2,614

 

2,688

Centennial Resource Production LLC

 

 

 

 

5.375% due 01/15/2026 (h)

 

2,302

 

2,238

6.875% due 04/01/2027

 

414

 

417

Change Healthcare Holdings LLC
5.750% due 03/01/2025

 

7,910

 

7,919

Chesapeake Energy Corp.
5.500% due 02/01/2026

 

4,214

 

4,321

Chobani LLC
7.500% due 04/15/2025

 

3,975

 

3,850

Churchill Downs, Inc.
5.500% due 04/01/2027

 

829

 

840

Cimpress PLC
7.000% due 06/15/2026

 

2,005

 

1,923

Cinemark USA, Inc.

 

 

 

 

5.875% due 03/15/2026

 

1,247

 

1,211

8.750% due 05/01/2025

 

1,867

 

1,956

Citgo Holding, Inc.
9.250% due 08/01/2024

 

328

 

332

Citgo Petroleum Corp.
7.000% due 06/15/2025

 

319

 

321

Clarios Global LP

 

 

 

 

6.250% due 05/15/2026

 

1,669

 

1,720

6.750% due 05/15/2025

 

2,351

 

2,437

Clarivate Science Holdings Corp.
4.875% due 07/01/2029

 

300

 

283

Clear Channel International BV
6.625% due 08/01/2025

 

1,896

 

1,932

Clearwater Paper Corp.
5.375% due 02/01/2025

 

923

 

935

Cleveland-Cliffs, Inc.

 

 

 

 

6.750% due 03/15/2026

 

3,583

 

3,768

9.875% due 10/17/2025

 

2,688

 

2,999

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Cogent Communications Group, Inc.
3.500% due 05/01/2026

 

2,906

 

2,765

Colfax Corp.
6.375% due 02/15/2026

 

1,788

 

1,846

Colgate Energy Partners LLC
7.750% due 02/15/2026

 

1,244

 

1,328

CommScope Technologies LLC

 

 

 

 

5.000% due 03/15/2027

 

600

 

522

6.000% due 06/15/2025

 

4,526

 

4,292

CommScope, Inc.

 

 

 

 

6.000% due 03/01/2026

 

3,666

 

3,713

8.250% due 03/01/2027

 

1,605

 

1,563

Community Health Systems, Inc.
8.000% due 03/15/2026

 

3,877

 

4,042

Connect Finco SARL
6.750% due 10/01/2026

 

6,578

 

6,701

Consensus Cloud Solutions, Inc.
6.000% due 10/15/2026

 

716

 

711

Cooper-Standard Automotive, Inc.
5.625% due 11/15/2026 (h)

 

502

 

267

Coty, Inc.

 

 

 

 

5.000% due 04/15/2026

 

6,465

 

6,307

6.500% due 04/15/2026 (h)

 

3,233

 

3,219

Crescent Energy Finance LLC
7.250% due 05/01/2026

 

451

 

454

Crown Americas LLC

 

 

 

 

4.250% due 09/30/2026

 

1,089

 

1,093

4.750% due 02/01/2026

 

839

 

849

Crown Cork & Seal Co., Inc.
7.375% due 12/15/2026

 

104

 

118

CSC Holdings LLC

 

 

 

 

5.250% due 06/01/2024

 

3,822

 

3,833

5.875% due 09/15/2022

 

2,661

 

2,685

CVR Energy, Inc.
5.250% due 02/15/2025

 

3,760

 

3,656

Dave & Buster's, Inc.
7.625% due 11/01/2025

 

450

 

474

DCP Midstream Operating LP

 

 

 

 

3.875% due 03/15/2023

 

1,771

 

1,773

5.375% due 07/15/2025

 

1,431

 

1,478

5.850% due 05/21/2043 •

 

2,055

 

1,916

Delta Air Lines, Inc.

 

 

 

 

2.900% due 10/28/2024

 

5,141

 

5,034

3.800% due 04/19/2023

 

1,077

 

1,085

7.000% due 05/01/2025

 

117

 

125

7.375% due 01/15/2026

 

5,246

 

5,703

Diamond Foreign Asset Co. (9.000% Cash and 4.000% PIK)
9.000% due 04/22/2027 (a)

 

157

 

156

Diamond Offshore Drilling, Inc.
13.000% due 12/21/2026 «

 

79

 

79

Diamond Sports Group LLC
5.375% due 08/15/2026 (h)

 

8,409

 

3,269

Diebold Nixdorf, Inc.
9.375% due 07/15/2025

 

5,519

 

5,615

DirecTV Financing LLC
5.875% due 08/15/2027

 

3,631

 

3,577

DISH DBS Corp.

 

 

 

 

5.000% due 03/15/2023

 

757

 

761

5.250% due 12/01/2026

 

10,104

 

9,643

5.875% due 07/15/2022

 

5,357

 

5,390

5.875% due 11/15/2024

 

3,613

 

3,609

7.750% due 07/01/2026

 

1,759

 

1,750

DKT Finance ApS
9.375% due 06/17/2023

 

1,430

 

1,431

eG Global Finance PLC

 

 

 

 

6.750% due 02/07/2025

 

2,387

 

2,385

8.500% due 10/30/2025

 

312

 

320

Elanco Animal Health, Inc.
5.772% due 08/28/2023

 

2,806

 

2,902

Endeavour Mining PLC
5.000% due 10/14/2026

 

1,264

 

1,166

EnLink Midstream Partners LP

 

 

 

 

4.150% due 06/01/2025

 

4,896

 

4,887

4.400% due 04/01/2024

 

397

 

403

4.850% due 07/15/2026

 

2,320

 

2,323

Ensign Drilling, Inc.
9.250% due 04/15/2024 (h)

 

2,686

 

2,656

Envision Healthcare Corp.
8.750% due 10/15/2026 (h)

 

1,538

 

744

EQM Midstream Partners LP

 

 

 

 

4.000% due 08/01/2024

 

1,199

 

1,188

4.125% due 12/01/2026

 

2,907

 

2,797

4.750% due 07/15/2023

 

4,288

 

4,327

6.000% due 07/01/2025

 

1,842

 

1,882

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

EQT Corp.

 

 

 

 

3.125% due 05/15/2026

 

1,970

 

1,916

6.625% due 02/01/2025

 

5,031

 

5,320

Exela Intermediate LLC
11.500% due 07/15/2026

 

1,102

 

526

FAGE International SA
5.625% due 08/15/2026

 

550

 

544

Fair Isaac Corp.
5.250% due 05/15/2026

 

361

 

377

Flex Acquisition Co., Inc.
6.875% due 01/15/2025

 

4,002

 

4,019

FMG Resources Pty. Ltd.
5.125% due 05/15/2024

 

471

 

481

Freeport-McMoRan, Inc.
3.875% due 03/15/2023

 

724

 

733

Gannett Holdings LLC
6.000% due 11/01/2026

 

1,522

 

1,474

Garda World Security Corp.
4.625% due 02/15/2027

 

2,336

 

2,244

Gates Global LLC
6.250% due 01/15/2026

 

3,443

 

3,452

GFL Environmental, Inc.

 

 

 

 

3.750% due 08/01/2025

 

4,115

 

4,046

4.250% due 06/01/2025

 

1,316

 

1,309

5.125% due 12/15/2026

 

10

 

10

Global Medical Response, Inc.
6.500% due 10/01/2025

 

1,091

 

1,084

goeasy Ltd.

 

 

 

 

4.375% due 05/01/2026

 

3,481

 

3,285

5.375% due 12/01/2024

 

1,183

 

1,176

Golden Entertainment, Inc.
7.625% due 04/15/2026

 

997

 

1,039

Goodyear Tire & Rubber Co.
9.500% due 05/31/2025

 

480

 

509

Gran Tierra Energy International Holdings Ltd.
6.250% due 02/15/2025

 

622

 

577

Graphic Packaging International LLC
4.875% due 11/15/2022

 

458

 

461

Gulfport Energy Corp.
8.000% due 05/17/2026

 

1,733

 

1,785

H-Food Holdings LLC
8.500% due 06/01/2026

 

4,230

 

4,072

Hadrian Merger Sub, Inc.
8.500% due 05/01/2026

 

782

 

788

Hanesbrands, Inc.

 

 

 

 

4.625% due 05/15/2024

 

4,342

 

4,414

4.875% due 05/15/2026

 

1,750

 

1,763

Harbour Energy PLC
5.500% due 10/15/2026

 

718

 

710

Hawaiian Brand Intellectual Property Ltd.
5.750% due 01/20/2026

 

1,183

 

1,185

HCA, Inc.

 

 

 

 

3.125% due 03/15/2027

 

300

 

294

5.375% due 02/01/2025

 

1,797

 

1,872

5.375% due 09/01/2026

 

307

 

323

5.875% due 05/01/2023

 

7,416

 

7,675

5.875% due 02/15/2026

 

482

 

513

7.690% due 06/15/2025

 

10

 

11

Hertz Corp.
4.625% due 12/01/2026

 

3,652

 

3,415

Hess Midstream Operations LP
5.625% due 02/15/2026

 

1,980

 

2,034

Hexcel Corp.

 

 

 

 

4.200% due 02/15/2027

 

213

 

215

4.950% due 08/15/2025

 

634

 

643

Hillenbrand, Inc.
5.750% due 06/15/2025

 

208

 

213

Hilton Domestic Operating Co., Inc.
5.375% due 05/01/2025

 

5,648

 

5,786

Howard Midstream Energy Partners LLC
6.750% due 01/15/2027

 

835

 

819

Howmet Aerospace, Inc.

 

 

 

 

5.125% due 10/01/2024

 

150

 

155

5.900% due 02/01/2027

 

2,196

 

2,357

6.875% due 05/01/2025

 

2,047

 

2,226

Hudbay Minerals, Inc.
4.500% due 04/01/2026

 

2,757

 

2,684

iHeartCommunications, Inc.

 

 

 

 

6.375% due 05/01/2026

 

697

 

718

8.375% due 05/01/2027

 

722

 

747

IHO Verwaltungs GmbH (4.750% Cash or 5.500% PIK)
4.750% due 09/15/2026 (a)

 

1,887

 

1,851

INEOS Quattro Finance 2 PLC
3.375% due 01/15/2026

 

2,972

 

2,771

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Ingevity Corp.
4.500% due 02/01/2026

 

2,236

 

2,167

Intelsat Jackson Holdings SA
6.500% due 03/15/2030

 

5,392

 

5,392

International Game Technology PLC

 

 

 

 

4.125% due 04/15/2026

 

1,001

 

990

6.500% due 02/15/2025

 

4,649

 

4,881

IRB Holding Corp.

 

 

 

 

6.750% due 02/15/2026

 

2,193

 

2,234

7.000% due 06/15/2025

 

4,901

 

5,104

Jaguar Land Rover Automotive PLC
7.750% due 10/15/2025

 

5,317

 

5,507

JELD-WEN, Inc.

 

 

 

 

4.625% due 12/15/2025

 

2,712

 

2,614

6.250% due 05/15/2025

 

300

 

310

KAR Auction Services, Inc.
5.125% due 06/01/2025

 

7,077

 

7,174

KB Home

 

 

 

 

7.500% due 09/15/2022

 

2,376

 

2,434

7.625% due 05/15/2023

 

466

 

480

Kronos Acquisition Holdings, Inc.
5.000% due 12/31/2026

 

986

 

912

LABL, Inc.
6.750% due 07/15/2026

 

6,334

 

6,273

Laredo Petroleum, Inc.
9.500% due 01/15/2025

 

478

 

499

Legacy LifePoint Health LLC
6.750% due 04/15/2025

 

5,192

 

5,374

Legends Hospitality Holding Co. LLC
5.000% due 02/01/2026

 

2,886

 

2,774

Life Time, Inc.
5.750% due 01/15/2026

 

2,273

 

2,274

Ligado Networks LLC (15.500% PIK)
15.500% due 11/01/2023 (a)

 

7,410

 

5,162

Ligado Networks LLC (17.500% PIK)
17.500% due 05/01/2024 (a)(h)

 

1,111

 

447

Lindblad Expeditions LLC
6.750% due 02/15/2027

 

2,379

 

2,388

Live Nation Entertainment, Inc.
5.625% due 03/15/2026

 

2,509

 

2,559

LSF9 Atlantis Holdings LLC
7.750% due 02/15/2026

 

3,649

 

3,511

Macy's Retail Holdings LLC
2.875% due 02/15/2023

 

514

 

519

Magnolia Oil & Gas Operating LLC
6.000% due 08/01/2026

 

547

 

558

Manitowoc Co., Inc.
9.000% due 04/01/2026

 

1,579

 

1,648

Marriott Ownership Resorts, Inc.
6.125% due 09/15/2025

 

4,102

 

4,210

Mattel, Inc.

 

 

 

 

3.150% due 03/15/2023

 

2,577

 

2,577

3.375% due 04/01/2026

 

449

 

440

Matthews International Corp.
5.250% due 12/01/2025

 

300

 

302

Mauser Packaging Solutions Holding Co.

 

 

 

 

5.500% due 04/15/2024

 

9,704

 

9,679

7.250% due 04/15/2025

 

2,685

 

2,664

Mclaren Finance PLC
7.500% due 08/01/2026

 

2,364

 

2,332

MEG Energy Corp.
7.125% due 02/01/2027

 

2,970

 

3,114

Mercer International, Inc.
5.500% due 01/15/2026

 

30

 

30

Merlin Entertainments Ltd.
5.750% due 06/15/2026

 

1,248

 

1,234

MGM China Holdings Ltd.
5.375% due 05/15/2024

 

1,481

 

1,391

MGM Resorts International

 

 

 

 

4.625% due 09/01/2026

 

1,149

 

1,133

5.750% due 06/15/2025

 

10

 

10

6.000% due 03/15/2023

 

778

 

797

6.750% due 05/01/2025

 

2,134

 

2,205

Millennium Escrow Corp.
6.625% due 08/01/2026

 

3,744

 

3,561

Mohegan Gaming & Entertainment
8.000% due 02/01/2026

 

2,675

 

2,662

MoneyGram International, Inc.
5.375% due 08/01/2026

 

2,822

 

2,941

Moss Creek Resources Holdings, Inc.
7.500% due 01/15/2026

 

1,402

 

1,288

Nabors Industries Ltd.
7.250% due 01/15/2026

 

546

 

547

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Nabors Industries, Inc.

 

 

 

 

5.750% due 02/01/2025

 

2,710

 

2,641

7.375% due 05/15/2027

 

200

 

208

9.000% due 02/01/2025

 

2,176

 

2,269

NCL Corp. Ltd.

 

 

 

 

3.625% due 12/15/2024

 

3,571

 

3,372

5.875% due 03/15/2026

 

6,737

 

6,409

5.875% due 02/15/2027

 

1,079

 

1,064

New Fortress Energy, Inc.

 

 

 

 

6.500% due 09/30/2026

 

10

 

10

6.750% due 09/15/2025

 

1,311

 

1,321

Newell Brands, Inc.

 

 

 

 

4.100% due 04/01/2023

 

5,863

 

5,927

4.450% due 04/01/2026

 

5,774

 

5,817

4.875% due 06/01/2025

 

481

 

497

NextEra Energy Operating Partners LP

 

 

 

 

3.875% due 10/15/2026

 

25

 

25

4.250% due 07/15/2024

 

795

 

806

Nielsen Co. Luxembourg SARL
5.000% due 02/01/2025

 

110

 

111

Nine Energy Service, Inc.
8.750% due 11/01/2023

 

676

 

386

Northriver Midstream Finance LP
5.625% due 02/15/2026

 

2,395

 

2,389

Northwest Acquisitions ULC
7.125% due 11/01/2022 ^

 

2,388

 

0

NortonLifeLock, Inc.

 

 

 

 

3.950% due 06/15/2022

 

3,557

 

3,554

5.000% due 04/15/2025

 

322

 

322

NOVA Chemicals Corp.
4.875% due 06/01/2024

 

1,112

 

1,126

Novelis Corp.
3.250% due 11/15/2026

 

3,181

 

3,043

NuStar Logistics LP

 

 

 

 

5.750% due 10/01/2025

 

2,022

 

2,064

6.000% due 06/01/2026

 

2,059

 

2,085

Occidental Petroleum Corp.

 

 

 

 

2.700% due 02/15/2023

 

341

 

342

3.200% due 08/15/2026

 

783

 

771

5.500% due 12/01/2025 (j)

 

3,262

 

3,438

5.550% due 03/15/2026

 

2,379

 

2,525

5.875% due 09/01/2025

 

5,781

 

6,149

6.950% due 07/01/2024

 

3,371

 

3,625

8.000% due 07/15/2025

 

100

 

112

OCI NV
4.625% due 10/15/2025

 

2,417

 

2,438

Oriflame Investment Holding PLC
5.125% due 05/04/2026

 

280

 

226

Ortho-Clinical Diagnostics, Inc.
7.375% due 06/01/2025

 

1,315

 

1,356

Outfront Media Capital LLC
6.250% due 06/15/2025

 

2,058

 

2,115

Ovintiv Exploration, Inc.
5.375% due 01/01/2026

 

1,109

 

1,177

Owens-Brockway Glass Container, Inc.

 

 

 

 

5.375% due 01/15/2025

 

272

 

272

5.875% due 08/15/2023

 

4,366

 

4,468

Pactiv LLC
7.950% due 12/15/2025

 

3,218

 

3,286

Par Pharmaceutical, Inc.
7.500% due 04/01/2027

 

347

 

324

PDC Energy, Inc.
5.750% due 05/15/2026

 

4,485

 

4,554

Penske Automotive Group, Inc.
3.500% due 09/01/2025

 

1,009

 

1,003

Perenti Finance Pty. Ltd.
6.500% due 10/07/2025

 

976

 

978

Performance Food Group, Inc.
6.875% due 05/01/2025

 

458

 

475

Perrigo Finance Unlimited Co.
4.375% due 03/15/2026

 

567

 

565

Photo Holdings Merger Sub, Inc.
8.500% due 10/01/2026

 

3,149

 

3,005

Picasso Finance Sub, Inc.
6.125% due 06/15/2025

 

2,885

 

2,937

PRA Health Sciences, Inc.
2.875% due 07/15/2026

 

478

 

455

Precision Drilling Corp.
7.125% due 01/15/2026

 

1,123

 

1,147

Presidio Holdings, Inc.
4.875% due 02/01/2027

 

1,502

 

1,483

Prime Healthcare Services, Inc.
7.250% due 11/01/2025

 

5,858

 

6,012

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Prime Security Services Borrower LLC

 

 

 

 

5.250% due 04/15/2024

 

3,884

 

3,983

5.750% due 04/15/2026

 

4,574

 

4,671

PTC, Inc.
3.625% due 02/15/2025

 

825

 

817

Quebecor Media, Inc.
5.750% due 01/15/2023

 

1,671

 

1,703

QVC, Inc.
4.850% due 04/01/2024

 

1,178

 

1,207

Radiate Holdco LLC
4.500% due 09/15/2026

 

4,504

 

4,354

Range Resources Corp.

 

 

 

 

4.875% due 05/15/2025

 

2,795

 

2,834

5.000% due 08/15/2022

 

2,556

 

2,561

5.000% due 03/15/2023

 

1,109

 

1,118

Rattler Midstream LP
5.625% due 07/15/2025

 

2,087

 

2,121

RegionalCare Hospital Partners Holdings, Inc.
9.750% due 12/01/2026

 

4,118

 

4,312

Resolute Forest Products, Inc.
4.875% due 03/01/2026

 

3,885

 

3,743

Revlon Consumer Products Corp.
6.250% due 08/01/2024 (h)

 

775

 

348

Ritchie Bros Auctioneers, Inc.
5.375% due 01/15/2025

 

10

 

10

Rite Aid Corp.

 

 

 

 

7.500% due 07/01/2025

 

3,950

 

3,691

8.000% due 11/15/2026

 

1,244

 

1,147

Rockies Express Pipeline LLC
3.600% due 05/15/2025

 

310

 

305

Rockpoint Gas Storage Canada Ltd.
7.000% due 03/31/2023

 

3,662

 

3,665

Rolls-Royce PLC

 

 

 

 

3.625% due 10/14/2025

 

4,469

 

4,341

5.750% due 10/15/2027

 

1,735

 

1,784

Royal Caribbean Cruises Ltd.

 

 

 

 

5.375% due 07/15/2027

 

5,360

 

5,158

9.125% due 06/15/2023

 

3,181

 

3,316

10.875% due 06/01/2023

 

3,955

 

4,213

11.500% due 06/01/2025

 

2,816

 

3,097

RP Escrow Issuer LLC
5.250% due 12/15/2025

 

3,628

 

3,549

Sabre Global, Inc.

 

 

 

 

7.375% due 09/01/2025

 

5,274

 

5,516

9.250% due 04/15/2025

 

2,333

 

2,590

Scientific Games International, Inc.

 

 

 

 

5.000% due 10/15/2025

 

935

 

958

8.250% due 03/15/2026

 

4,295

 

4,472

8.625% due 07/01/2025

 

7,531

 

7,930

SCIL LLC
5.375% due 11/01/2026

 

1,980

 

1,825

Seagate HDD Cayman

 

 

 

 

4.750% due 06/01/2023

 

1,721

 

1,750

4.875% due 03/01/2024

 

1,081

 

1,104

Sealed Air Corp.

 

 

 

 

5.125% due 12/01/2024

 

476

 

495

5.250% due 04/01/2023

 

1,632

 

1,654

5.500% due 09/15/2025

 

387

 

406

Select Medical Corp.
6.250% due 08/15/2026

 

5,307

 

5,500

Sensata Technologies BV

 

 

 

 

4.875% due 10/15/2023

 

3,293

 

3,396

5.000% due 10/01/2025

 

513

 

521

5.625% due 11/01/2024

 

2,023

 

2,096

Shift4 Payments LLC
4.625% due 11/01/2026

 

1,922

 

1,871

Sigma Holdco BV
7.875% due 05/15/2026 (h)

 

3,489

 

2,900

Sinclair Television Group, Inc.

 

 

 

 

5.125% due 02/15/2027

 

359

 

327

5.875% due 03/15/2026

 

210

 

205

Sirius XM Radio, Inc.
3.125% due 09/01/2026

 

4,408

 

4,174

Six Flags Entertainment Corp.
4.875% due 07/31/2024

 

6,102

 

6,109

Six Flags Theme Parks, Inc.
7.000% due 07/01/2025

 

2,087

 

2,182

Skillz, Inc.
10.250% due 12/15/2026

 

444

 

387

SM Energy Co.

 

 

 

 

5.625% due 06/01/2025

 

3,610

 

3,610

6.625% due 01/15/2027

 

273

 

280

6.750% due 09/15/2026

 

1,905

 

1,961

10.000% due 01/15/2025

 

734

 

802

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Southwestern Energy Co.
5.950% due 01/23/2025

 

590

 

618

Spectrum Brands, Inc.
5.750% due 07/15/2025

 

962

 

981

Spirit AeroSystems, Inc.

 

 

 

 

3.850% due 06/15/2026

 

494

 

474

3.950% due 06/15/2023

 

2,328

 

2,308

5.500% due 01/15/2025

 

271

 

272

7.500% due 04/15/2025

 

7,445

 

7,723

Standard Industries, Inc.
5.000% due 02/15/2027

 

2,236

 

2,221

Staples, Inc.
7.500% due 04/15/2026

 

7,530

 

7,321

Stevens Holding Co., Inc.
6.125% due 10/01/2026

 

796

 

823

Strathcona Resources Ltd.
6.875% due 08/01/2026

 

1,362

 

1,374

Sugarhouse HSP Gaming Prop Mezz LP
5.875% due 05/15/2025

 

3,454

 

3,406

Summer BC Bidco B LLC
5.500% due 10/31/2026

 

2,535

 

2,443

Sunnova Energy Corp.
5.875% due 09/01/2026 (h)

 

2,407

 

2,306

Surgery Center Holdings, Inc.

 

 

 

 

6.750% due 07/01/2025

 

1,356

 

1,353

10.000% due 04/15/2027

 

1,057

 

1,112

T-Mobile USA, Inc.

 

 

 

 

2.250% due 02/15/2026

 

1,301

 

1,228

2.625% due 04/15/2026

 

50

 

48

Tap Rock Resources LLC
7.000% due 10/01/2026

 

716

 

742

Team Health Holdings, Inc.
6.375% due 02/01/2025

 

5,567

 

5,006

TEGNA, Inc.
4.750% due 03/15/2026

 

1,705

 

1,707

Tempo Acquisition LLC
5.750% due 06/01/2025

 

2,155

 

2,177

Tenet Healthcare Corp.

 

 

 

 

4.625% due 07/15/2024

 

2,332

 

2,345

4.625% due 09/01/2024

 

4,676

 

4,716

4.875% due 01/01/2026

 

5,022

 

5,072

6.750% due 06/15/2023

 

4,962

 

5,174

TransDigm U.K. Holdings PLC
6.875% due 05/15/2026

 

972

 

991

TransDigm, Inc.

 

 

 

 

6.250% due 03/15/2026

 

12,727

 

13,082

6.375% due 06/15/2026

 

3,357

 

3,392

8.000% due 12/15/2025

 

4,048

 

4,238

Transocean Guardian Ltd.
5.875% due 01/15/2024

 

1,259

 

1,207

Transocean Pontus Ltd.
6.125% due 08/01/2025

 

311

 

310

Transocean, Inc.

 

 

 

 

7.250% due 11/01/2025

 

712

 

620

7.500% due 01/15/2026

 

1,101

 

958

Travel & Leisure Co.

 

 

 

 

3.900% due 03/01/2023

 

10

 

10

5.650% due 04/01/2024

 

4,153

 

4,307

6.600% due 10/01/2025

 

656

 

698

6.625% due 07/31/2026

 

1,491

 

1,557

Trident TPI Holdings, Inc.

 

 

 

 

6.625% due 11/01/2025

 

829

 

819

9.250% due 08/01/2024

 

3,191

 

3,211

Trinity Industries, Inc.
4.550% due 10/01/2024

 

913

 

930

Trinseo Materials Operating S.C.A.
5.375% due 09/01/2025

 

2,725

 

2,698

TripAdvisor, Inc.
7.000% due 07/15/2025

 

3,972

 

4,108

Triumph Group, Inc.

 

 

 

 

6.250% due 09/15/2024

 

6,327

 

6,306

7.750% due 08/15/2025

 

1,691

 

1,705

8.875% due 06/01/2024

 

1,234

 

1,305

Tronox, Inc.
6.500% due 05/01/2025

 

1,519

 

1,572

U.S. Acute Care Solutions LLC
6.375% due 03/01/2026

 

4,298

 

4,249

U.S. Foods, Inc.
6.250% due 04/15/2025

 

8,303

 

8,521

Uber Technologies, Inc.

 

 

 

 

7.500% due 05/15/2025

 

4,363

 

4,558

7.500% due 09/15/2027

 

1,352

 

1,443

8.000% due 11/01/2026

 

1,133

 

1,205

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Under Armour, Inc.
3.250% due 06/15/2026

 

2,861

 

2,773

United Airlines, Inc.
4.375% due 04/15/2026

 

8,812

 

8,680

Univision Communications, Inc.

 

 

 

 

5.125% due 02/15/2025

 

6,235

 

6,248

9.500% due 05/01/2025

 

379

 

398

USA Compression Partners LP
6.875% due 04/01/2026

 

1,968

 

1,989

Vail Resorts, Inc.
6.250% due 05/15/2025

 

4,492

 

4,647

Vericast Corp.
11.000% due 09/15/2026

 

5,314

 

5,207

Veritas U.S., Inc.
7.500% due 09/01/2025

 

7,354

 

6,986

Viasat, Inc.
5.625% due 09/15/2025

 

6,080

 

5,948

Videotron Ltd.
5.375% due 06/15/2024

 

959

 

987

Viking Cruises Ltd.

 

 

 

 

6.250% due 05/15/2025

 

441

 

413

13.000% due 05/15/2025

 

3,368

 

3,749

VOC Escrow Ltd.
5.000% due 02/15/2028

 

200

 

186

W&T Offshore, Inc.
9.750% due 11/01/2023

 

2,172

 

2,164

Waste Pro USA, Inc.
5.500% due 02/15/2026

 

4,528

 

4,284

Weatherford International Ltd.
11.000% due 12/01/2024

 

483

 

501

Weir Group PLC
2.200% due 05/13/2026

 

1,083

 

1,013

WESCO Aircraft HLDGS, Inc.
10.500% due 11/15/2026 «

 

2,117

 

2,228

WESCO Distribution, Inc.
7.125% due 06/15/2025

 

5,254

 

5,472

Western Digital Corp.
4.750% due 02/15/2026

 

7,175

 

7,295

Western Midstream Operating LP

 

 

 

 

3.600% due 02/01/2025

 

7,031

 

6,994

3.950% due 06/01/2025

 

513

 

517

4.650% due 07/01/2026

 

1,136

 

1,166

White Cap Parent LLC (8.250% Cash or 9.000% PIK)
8.250% due 03/15/2026 (a)

 

5,828

 

5,733

Wolverine Escrow LLC
9.000% due 11/15/2026 (h)

 

937

 

629

WR Grace Holdings LLC
5.625% due 10/01/2024

 

300

 

304

Wynn Las Vegas LLC

 

 

 

 

4.250% due 05/30/2023

 

3,308

 

3,304

5.250% due 05/15/2027

 

100

 

97

5.500% due 03/01/2025

 

5,224

 

5,231

Wynn Macau Ltd.

 

 

 

 

4.875% due 10/01/2024

 

317

 

297

5.500% due 01/15/2026

 

400

 

364

5.625% due 08/26/2028

 

200

 

174

Wynn Resorts Finance LLC
7.750% due 04/15/2025

 

2,250

 

2,339

Xerox Holdings Corp.
5.000% due 08/15/2025

 

4,216

 

4,270

XPO Logistics, Inc.
6.250% due 05/01/2025

 

3,208

 

3,320

Yum! Brands, Inc.

 

 

 

 

3.875% due 11/01/2023

 

2,264

 

2,284

7.750% due 04/01/2025

 

1,476

 

1,533

ZF North America Capital, Inc.
4.750% due 04/29/2025

 

5,448

 

5,474

Ziggo Bond Co. BV
6.000% due 01/15/2027

 

1,040

 

1,048

 

 

 

 

1,054,035

UTILITIES 7.3%

 

 

 

 

AmeriGas Partners LP
5.500% due 05/20/2025

 

100

 

100

Antero Midstream Partners LP
7.875% due 05/15/2026

 

707

 

766

Blue Racer Midstream LLC

 

 

 

 

6.625% due 07/15/2026

 

368

 

374

7.625% due 12/15/2025

 

1,593

 

1,669

Calpine Corp.
5.250% due 06/01/2026

 

1,099

 

1,106

Crestwood Midstream Partners LP
5.750% due 04/01/2025

 

318

 

320

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

CrownRock LP
5.625% due 10/15/2025

 

6,406

 

6,536

DPL, Inc.
4.125% due 07/01/2025

 

849

 

844

Drax Finco PLC
6.625% due 11/01/2025

 

3,192

 

3,233

Electricite de France SA

 

 

 

 

5.250% due 01/29/2023 •(f)

 

454

 

453

5.625% due 01/22/2024 •(f)

 

3,170

 

3,178

Endeavor Energy Resources LP
6.625% due 07/15/2025

 

4,051

 

4,210

FirstEnergy Corp.

 

 

 

 

1.600% due 01/15/2026

 

405

 

378

2.050% due 03/01/2025

 

380

 

363

3.350% due 07/15/2022

 

915

 

916

FirstEnergy Transmission LLC
4.350% due 01/15/2025

 

314

 

316

Genesis Energy LP

 

 

 

 

5.625% due 06/15/2024

 

1,353

 

1,346

6.250% due 05/15/2026

 

1,288

 

1,249

6.500% due 10/01/2025

 

3,823

 

3,777

8.000% due 01/15/2027

 

1,230

 

1,267

Iliad Holding SASU
6.500% due 10/15/2026

 

3,463

 

3,477

Koninklijke KPN NV
7.000% due 03/28/2073 •

 

307

 

315

Lumen Technologies, Inc.

 

 

 

 

4.000% due 02/15/2027

 

3,407

 

3,179

6.750% due 12/01/2023

 

10

 

10

7.500% due 04/01/2024

 

1,483

 

1,567

NGL Energy Operating LLC
7.500% due 02/01/2026

 

5,862

 

5,774

NGL Energy Partners LP
6.125% due 03/01/2025

 

714

 

622

PBF Holding Co. LLC

 

 

 

 

7.250% due 06/15/2025

 

1,175

 

1,068

9.250% due 05/15/2025

 

2,471

 

2,548

PBF Logistics LP
6.875% due 05/15/2023

 

3,341

 

3,337

Qwest Corp.
7.250% due 09/15/2025

 

367

 

404

Sprint Communications, Inc.
6.000% due 11/15/2022

 

4,917

 

5,034

Sprint Corp.

 

 

 

 

7.125% due 06/15/2024

 

5,239

 

5,626

7.625% due 02/15/2025

 

959

 

1,046

7.625% due 03/01/2026

 

4,368

 

4,935

7.875% due 09/15/2023

 

13,541

 

14,404

Summit Midstream Holdings LLC
8.500% due 10/15/2026

 

1,120

 

1,070

Talen Energy Supply LLC

 

 

 

 

6.500% due 06/01/2025 (h)

 

898

 

227

7.250% due 05/15/2027

 

976

 

914

10.500% due 01/15/2026 (h)

 

1,006

 

251

Tallgrass Energy Partners LP
7.500% due 10/01/2025

 

2,381

 

2,511

Targa Resources Partners LP
5.875% due 04/15/2026

 

3,909

 

4,034

Telecom Italia SpA
5.303% due 05/30/2024

 

5,109

 

5,154

TerraForm Power Operating LLC
4.250% due 01/31/2023

 

3,592

 

3,587

Transocean Phoenix 2 Ltd.
7.750% due 10/15/2024

 

756

 

762

Transocean Poseidon Ltd.
6.875% due 02/01/2027

 

3,458

 

3,428

Transocean Proteus Ltd.
6.250% due 12/01/2024

 

763

 

759

Transocean Sentry Ltd.
5.375% due 05/15/2023 (h)

 

1,994

 

1,952

Trilogy International South Pacific LLC
8.875% due 05/15/2023

 

1,219

 

1,211

Vistra Operations Co. LLC

 

 

 

 

5.500% due 09/01/2026

 

10

 

10

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

5.625% due 02/15/2027

 

1,502

 

1,502

 

 

 

 

113,119

Total Corporate Bonds & Notes (Cost $1,452,540)

 

 

 

1,403,629

 

 

SHARES

 

 

COMMON STOCKS 0.4%

 

 

 

 

COMMUNICATION SERVICES 0.2%

 

 

 

 

iHeartMedia, Inc. 'B' «(c)

 

122,615

 

2,089

FINANCIALS 0.2%

 

 

 

 

Intelsat SA «(c)(j)

 

90,700

 

2,767

Newco, Inc. «(c)

 

5,855

 

471

 

 

 

 

3,238

INDUSTRIALS 0.0%

 

 

 

 

Bruin Blocker LLC «(c)(j)

 

182,994

 

0

Diamond Offshore Drilling, Inc. (c)

 

34,561

 

246

Voyager Aviation Holdings LLC «(c)

 

530

 

0

 

 

 

 

246

INFORMATION TECHNOLOGY 0.0%

 

 

 

 

Riverbed Technology, Inc. «(c)(j)

 

22,812

 

459

REAL ESTATE 0.0%

 

 

 

 

Stearns Holding LLC 'B' «(c)

 

214,645

 

22

Total Common Stocks (Cost $11,679)

 

 

 

6,054

RIGHTS 0.0%

 

 

 

 

FINANCIALS 0.0%

 

 

 

 

Intelsat Jackson Holdings SA «

 

28,284

 

131

Total Rights (Cost $0)

 

 

 

131

WARRANTS 0.0%

 

 

 

 

FINANCIALS 0.0%

 

 

 

 

Guaranteed Rate, Inc. - Exp. 12/31/2060 «

 

1,029

 

0

Intelsat Emergence SA - Exp. 02/17/2027 «

 

28,334

 

139

Total Warrants (Cost $3,431)

 

 

 

139

PREFERRED SECURITIES 0.1%

 

 

 

 

FINANCIALS 0.0%

 

 

 

 

AGFC Capital Trust
1.991% (US0003M + 1.750%) due 01/15/2067 ~

 

523,000

 

300

INDUSTRIALS 0.1%

 

 

 

 

Voyager Aviation Holdings LLC
9.500% «

 

3,178

 

962

Total Preferred Securities (Cost $1,354)

 

 

 

1,262

 

 

PRINCIPAL
AMOUNT
(000s)

 

 

SHORT-TERM INSTRUMENTS 6.5%

 

 

 

 

REPURCHASE AGREEMENTS (k) 0.2%

 

 

 

2,824

U.S. TREASURY BILLS 5.3%

 

 

 

 

0.307% due 04/12/2022 - 06/23/2022 (d)(e)(m)

 

81,500

 

81,459

U.S. TREASURY CASH MANAGEMENT BILLS 1.0%

 

 

 

 

0.632% due 05/17/2022 - 07/26/2022 (d)(e)(o)

 

15,600

 

15,569

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Total Short-Term Instruments (Cost $99,850)

 

 

 

99,852

Total Investments in Securities (Cost $1,572,020)

 

 

 

1,514,401

 

 

SHARES

 

 

INVESTMENTS IN AFFILIATES 1.3%

 

 

 

 

SHORT-TERM INSTRUMENTS 1.3%

 

 

 

 

MUTUAL FUNDS 1.3%

 

 

 

 

PIMCO Government Money Market Fund (g)(h)(i)

 

20,074,013

 

20,074

Total Short-Term Instruments (Cost $20,074)

 

 

 

20,074

Total Investments in Affiliates (Cost $20,074)

 

 

 

20,074

Total Investments 99.6% (Cost $1,592,094)

 

 

$

1,534,475

Financial Derivative Instruments (l)(n) (0.0)%(Cost or Premiums, net $8,022)

 

 

 

(247)

Other Assets and Liabilities, net 0.4%

 

 

 

5,705

Net Assets 100.0%

 

 

$

1,539,933

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 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.

(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)

Coupon represents a weighted average yield to maturity.

(e)

Zero coupon security.

(f)

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

(g)

Institutional Class Shares of each Fund.

(h)

Securities with an aggregate market value of $22,232 were out on loan in exchange for $22,670 of cash collateral as of March 31, 2022.

(i)

Coupon represents a 7-Day Yield.

(j)

RESTRICTED SECURITIES:

Issuer Description

 

 

Acquisition
Date

 

Cost

 

Market
Value

Market Value
as Percentage
of Net Assets

Bruin Blocker LLC

 

 

04/20/2021

$

0

$

0

0.00

%

Intelsat SA

 

 

10/02/2018 - 02/23/2022

 

6,884

 

2,766

0.18

 

KCA Deutag U.K. Finance PLC9.875% due 12/01/2025

 

 

12/21/2020

 

303

 

303

0.02

 

Occidental Petroleum Corp.5.500% due 12/01/2025

 

 

06/01/2021 - 02/08/2022

 

3,535

 

3,438

0.22

 

Riverbed Technology, Inc.

 

 

04/24/2018 - 12/07/2021

 

1,634

 

459

0.03

 

 

 

 

 

$

12,356

$

6,966

0.45%

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)

FICC

0.010%

03/31/2022

04/01/2022

$

2,824

U.S. Treasury Notes 0.375% due 09/15/2024

$

(2,880)

$

2,824

$

2,824

Total Repurchase Agreements

 

$

(2,880)

$

2,824

$

2,824

(1)

 

Includes accrued interest.

 

(2)

The average amount of borrowings outstanding during the period ended March 31, 2022 was $(585) at a weighted average interest rate of (0.559)%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.

SWAP AGREEMENTS:

CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION(1)

 

Variation Margin(4)

Index/Tranches

Fixed
Receive Rate

Payment
Frequency

Maturity
Date

 

Notional
Amount
(2)

 

Premiums
Paid/
(Received)

 

Unrealized
Appreciation/
(Depreciation)

 

Market
Value
(3)

 

Asset

 

Liability

CDX.HY-36 5-Year Index

5.000%

Quarterly

06/20/2026

$

7,025

$

687

$

(226)

$

461

$

0

$

0

CDX.HY-37 5-Year Index

5.000

Quarterly

12/20/2026

 

72,800

 

6,636

 

(1,933)

 

4,703

 

2

 

(30)

CDX.HY-38 5-Year Index

5.000

Quarterly

06/20/2027

 

14,300

 

705

 

105

 

810

 

0

 

(6)

Total Swap Agreements

$

8,028

$

(2,054)

$

5,974

$

2

$

(36)

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

(m)

Securities with an aggregate market value of $7,162 and cash of $2,078 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 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)

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.

(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)

Unsettled variation margin asset of $2 for closed swap agreements is outstanding at period end.

(n)

FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER

SWAP AGREEMENTS:

TOTAL RETURN SWAPS ON INTEREST RATE INDICES

 

Swap Agreements, at Value

Counterparty

Pay/Receive(1)

Underlying
Reference

# of Units

Financing Rate

Payment
Frequency

Maturity
Date

 

Notional
Amount

 

Premiums
Paid/(Received)

 

Unrealized
Appreciation/
(Depreciation)

 

Asset

 

Liability

BPS

Receive

iBoxx USD Liquid High Yield Index

N/A

1.043%

Maturity

06/20/2022

$

7,000

$

(1)

$

(67)

$

0

$

(68)

BRC

Receive

iBoxx USD Liquid High Yield Index

N/A

1.043%

Maturity

06/21/2022

 

15,400

 

(2)

 

168

 

166

 

0

MYC

Receive

iBoxx USD Liquid High Yield Index

N/A

0.928% (3-Month USD-LIBOR plus a specified spread)

Maturity

06/20/2022

 

10,800

 

(3)

 

(274)

 

0

 

(277)

 

Receive

iBoxx USD Liquid High Yield Index

N/A

1.043%

Maturity

06/20/2022

 

4,200

 

0

 

(36)

 

0

 

(36)

Total Swap Agreements

$

(6)

$

(209)

$

166

$

(381)

(o)

Securities with an aggregate market value of $558 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2022.

(1)

Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.

FAIR VALUE MEASUREMENTS

The following is a summary of the fair valuations according to the inputs used as of March 31, 2022 in valuing the Fund's assets and liabilities:

 

Category and Subcategory

Level 1

Level 2

Level 3

Fair Value
at 03/31/2022

Investments in Securities, at Value

Loan Participations and Assignments

$

0

$

3,334

$

0

$

3,334

 

Corporate Bonds & Notes

 

Banking & Finance

 

0

 

236,475

 

0

 

236,475

 

 

Industrials

 

0

 

1,051,720

 

2,315

 

1,054,035

 

 

Utilities

 

0

 

113,119

 

0

 

113,119

 

Common Stocks

 

Communication Services

 

0

 

0

 

2,089

 

2,089

 

 

Financials

 

0

 

0

 

3,238

 

3,238

 

 

Industrials

 

0

 

246

 

0

 

246

 

 

Information Technology

 

0

 

0

 

459

 

459

 

 

Real Estate

 

0

 

0

 

22

 

22

 

Rights

 

Financials

 

0

 

0

 

131

 

131

 

Warrants

 

Financials

 

0

 

0

 

139

 

139

 

Preferred Securities

 

Financials

 

0

 

300

 

0

 

300

 

 

Industrials

 

0

 

0

 

962

 

962

 

Short-Term Instruments

 

Repurchase Agreements

 

0

 

2,824

 

0

 

2,824

 

 

U.S. Treasury Bills

 

0

 

81,459

 

0

 

81,459

 

 

U.S. Treasury Cash Management Bills

 

0

 

15,569

 

0

 

15,569

 

 

$

0

$

1,505,046

$

9,355

$

1,514,401

 

Investments in Affiliates, at Value

Short-Term Instruments

 

Mutual Funds

 

20,074

 

0

 

0

 

20,074

 

Total Investments

$

20,074

$

1,505,046

$

9,355

$

1,534,475

 

Schedule of Investments PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Financial Derivative Instruments - Assets

Exchange-traded or centrally cleared

 

0

 

2

 

0

 

2

 

Over the counter

 

0

 

166

 

0

 

166

 

 

$

0

$

168

$

0

$

168

 

Financial Derivative Instruments - Liabilities

Exchange-traded or centrally cleared

 

0

 

(36)

 

0

 

(36)

 

Over the counter

 

0

 

(381)

 

0

 

(381)

 

 

$

0

$

(417)

$

0

$

(417)

 

Total Financial Derivative Instruments

$

0

$

(249)

$

0

$

(249)

 

Totals

$

20,074

$

1,504,797

$

9,355

$

1,534,226

 

 

There were no significant transfers into or out of Level 3 during the period ended March 31, 2022.

 

Schedule of Investments PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund

March 31, 2022

(Unaudited)

 

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

 

 

PRINCIPAL
AMOUNT
(000s)

 

MARKET
VALUE
(000s)

INVESTMENTS IN SECURITIES 99.9% ¤

 

 

 

 

U.S. TREASURY OBLIGATIONS 99.9%

 

 

 

 

U.S. Treasury Inflation Protected Securities (a)

 

 

 

 

0.125% due 07/15/2024

$

123,449

$

129,579

0.125% due 10/15/2024

 

47,821

 

50,034

0.125% due 04/15/2025

 

101,621

 

106,250

0.125% due 10/15/2025

 

17,614

 

18,469

0.125% due 04/15/2026

 

174,749

 

182,728

0.125% due 07/15/2026

 

15,801

 

16,615

0.125% due 10/15/2026

 

3,531

 

3,713

0.125% due 01/15/2032

 

12,611

 

13,424

0.250% due 01/15/2025

 

90,844

 

95,290

0.375% due 07/15/2023

 

139,694

 

146,649

0.375% due 07/15/2025

 

99,057

 

104,789

0.375% due 01/15/2027

 

6,907

 

7,324

0.375% due 07/15/2027

 

41,678

 

44,413

0.500% due 04/15/2024

 

97,477

 

102,471

0.500% due 01/15/2028

 

41,333

 

44,237

0.625% due 04/15/2023

 

17,531

 

18,281

0.625% due 01/15/2024

 

121,059

 

127,345

0.625% due 01/15/2026

 

158,635

 

169,181

2.375% due 01/15/2025

 

82,097

 

91,146

Total U.S. Treasury Obligations (Cost $1,489,069)

 

 

 

1,471,938

SHORT-TERM INSTRUMENTS 0.0%

 

 

 

 

REPURCHASE AGREEMENTS (b) 0.0%

 

 

 

523

Total Short-Term Instruments (Cost $523)

 

 

 

523

Total Investments in Securities (Cost $1,489,592)

 

 

 

1,472,461

Total Investments 99.9% (Cost $1,489,592)

 

 

$

1,472,461

Other Assets and Liabilities, net 0.1%

 

 

 

1,358

Net Assets 100.0%

 

 

$

1,473,819

 

 

 

Schedule of Investments PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (Cont.)

March 31, 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)

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)

FICC

0.010%

03/31/2022

04/01/2022

$

523

U.S. Treasury Notes 0.375% due 09/15/2024

$

(534)

$

523

$

523

Total Repurchase Agreements

 

$

(534)

$

523

$

523

(1)

Includes accrued interest.

FAIR VALUE MEASUREMENTS

The following is a summary of the fair valuations according to the inputs used as of March 31, 2022 in valuing the Fund's assets and liabilities:

 

Category and Subcategory

Level 1

Level 2

Level 3

Fair Value
at 03/31/2022

Investments in Securities, at Value

U.S. Treasury Obligations

$

0

$

1,471,938

$

0

$

1,471,938

 

Short-Term Instruments

 

Repurchase Agreements

 

0

 

523

 

0

 

523

 

Total Investments

$

0

$

1,472,461

$

0

$

1,472,461

 

 

There were no significant transfers into or out of Level 3 during the period ended March 31, 2022.

 

Schedule of Investments PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

March 31, 2022

(Unaudited)

 

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

 

 

PRINCIPAL
AMOUNT
(000s)

 

MARKET
VALUE
(000s)

INVESTMENTS IN SECURITIES 99.9% ¤

 

 

 

 

U.S. TREASURY OBLIGATIONS 99.8%

 

 

 

 

U.S. Treasury Inflation Protected Securities (a)

 

 

 

 

0.125% due 02/15/2051

$

13,887

$

14,241

0.125% due 02/15/2052

 

11,249

 

11,685

0.250% due 02/15/2050

 

28,980

 

30,478

0.625% due 02/15/2043

 

66,541

 

74,332

0.750% due 02/15/2042

 

68,065

 

77,862

0.750% due 02/15/2045

 

68,190

 

78,369

0.875% due 02/15/2047

 

56,498

 

67,717

1.000% due 02/15/2046

 

60,136

 

73,277

1.000% due 02/15/2048

 

53,696

 

66,740

1.000% due 02/15/2049

 

47,444

 

59,408

1.375% due 02/15/2044

 

67,294

 

86,356

2.125% due 02/15/2040

 

7,905

 

11,189

2.125% due 02/15/2041

 

62,134

 

87,896

Total U.S. Treasury Obligations (Cost $795,465)

 

 

 

739,550

SHORT-TERM INSTRUMENTS 0.1%

 

 

 

 

REPURCHASE AGREEMENTS (b) 0.1%

 

 

 

463

Total Short-Term Instruments (Cost $463)

 

 

 

463

Total Investments in Securities (Cost $795,928)

 

 

 

740,013

Total Investments 99.9% (Cost $795,928)

 

 

$

740,013

Other Assets and Liabilities, net 0.1%

 

 

 

636

Net Assets 100.0%

 

 

$

740,649

 

 

 

Schedule of Investments PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (Cont.)

March 31, 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)

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)

FICC

0.010%

03/31/2022

04/01/2022

$

463

U.S. Treasury Notes 0.375% due 09/15/2024

$

(472)

$

463

$

463

Total Repurchase Agreements

 

$

(472)

$

463

$

463

(1)

Includes accrued interest.

FAIR VALUE MEASUREMENTS

The following is a summary of the fair valuations according to the inputs used as of March 31, 2022 in valuing the Fund's assets and liabilities:

 

Category and Subcategory

Level 1

Level 2

Level 3

Fair Value
at 03/31/2022

Investments in Securities, at Value

U.S. Treasury Obligations

$

0

$

739,550

$

0

$

739,550

 

Short-Term Instruments

 

Repurchase Agreements

 

0

 

463

 

0

 

463

 

Total Investments

$

0

$

740,013

$

0

$

740,013

 

 

There were no significant transfers into or out of Level 3 during the period ended March 31, 2022.

 

Schedule of Investments PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund

March 31, 2022

(Unaudited)

 

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

 

 

PRINCIPAL
AMOUNT
(000s)

 

MARKET
VALUE
(000s)

INVESTMENTS IN SECURITIES 100.5% ¤

 

 

 

 

U.S. TREASURY OBLIGATIONS 100.0%

 

 

 

 

U.S. Treasury STRIPS (a)

 

 

 

 

0.000% due 02/15/2047

$

38,447

$

20,358

0.000% due 05/15/2047

 

38,527

 

20,429

0.000% due 08/15/2047

 

38,158

 

20,193

0.000% due 11/15/2047

 

38,340

 

20,203

0.000% due 02/15/2048

 

38,564

 

20,388

0.000% due 05/15/2048

 

38,302

 

20,240

0.000% due 08/15/2048

 

38,399

 

20,099

0.000% due 11/15/2048

 

43,969

 

23,269

0.000% due 02/15/2049

 

40,439

 

21,159

0.000% due 05/15/2049

 

40,072

 

20,834

0.000% due 08/15/2049

 

40,216

 

20,664

0.000% due 11/15/2049

 

38,778

 

19,917

0.000% due 02/15/2050

 

38,078

 

19,316

0.000% due 05/15/2050

 

40,069

 

19,999

0.000% due 08/15/2050

 

41,962

 

20,863

0.000% due 11/15/2050

 

41,713

 

20,612

0.000% due 02/15/2051

 

40,659

 

20,162

0.000% due 05/15/2051

 

48,812

 

24,310

0.000% due 08/15/2051

 

48,675

 

24,001

0.000% due 11/15/2051

 

36,522

 

17,937

Total U.S. Treasury Obligations (Cost $492,697)

 

 

 

414,953

SHORT-TERM INSTRUMENTS 0.5%

 

 

 

 

REPURCHASE AGREEMENTS (b) 0.5%

 

 

 

2,099

Total Short-Term Instruments (Cost $2,099)

 

 

 

2,099

Total Investments in Securities (Cost $494,796)

 

 

 

417,052

Total Investments 100.5% (Cost $494,796)

 

 

$

417,052

Other Assets and Liabilities, net (0.5)%

 

 

 

(2,209)

Net Assets 100.0%

 

 

$

414,843

 

 

 

Schedule of Investments PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (Cont.)

March 31, 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.

BORROWINGS AND OTHER FINANCING TRANSACTIONS

(b)

REPURCHASE AGREEMENTS:

Counterparty

Lending
Rate

Settlement
Date

Maturity
Date

 

Principal
Amount

Collateralized By

 

Collateral
(Received)

 

Repurchase
Agreements,
at Value

 

Repurchase
Agreement
Proceeds
to be
Received
(1)

FICC

0.010%

03/31/2022

04/01/2022

$

2,099

U.S. Treasury Notes 0.375% due 09/15/2024

$

(2,141)

$

2,099

$

2,099

Total Repurchase Agreements

 

$

(2,141)

$

2,099

$

2,099

(1)

Includes accrued interest.

FAIR VALUE MEASUREMENTS

The following is a summary of the fair valuations according to the inputs used as of March 31, 2022 in valuing the Fund's assets and liabilities:

 

Category and Subcategory

Level 1

Level 2

Level 3

Fair Value
at 03/31/2022

Investments in Securities, at Value

U.S. Treasury Obligations

$

0

$

414,953

$

0

$

414,953

 

Short-Term Instruments

 

Repurchase Agreements

 

0

 

2,099

 

0

 

2,099

 

Total Investments

$

0

$

417,052

$

0

$

417,052

 

 

There were no significant transfers into or out of Level 3 during the period ended March 31, 2022.

 

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund

March 31, 2022

(Unaudited)

 

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

 

 

PRINCIPAL
AMOUNT
(000s)

 

MARKET
VALUE
(000s)

INVESTMENTS IN SECURITIES 118.6% ¤

 

 

 

 

LOAN PARTICIPATIONS AND ASSIGNMENTS 0.7%

 

 

 

 

AAdvantage Loyalty IP Ltd.
5.500% (LIBOR03M + 4.750%) due 04/20/2028 ~

$

3,700

$

3,754

Air Canada
4.250% (LIBOR03M + 3.500%) due 08/11/2028 ~

 

2,600

 

2,577

Avolon TLB Borrower 1 (U.S.) LLC
2.750% (LIBOR03M + 2.250%) due 12/01/2027 ~

 

1,293

 

1,284

Castlelake LP
2.950% (LIBOR03M + 2.950%) due 05/13/2031 «~

 

6,543

 

6,263

SkyMiles IP Ltd.
4.750% (LIBOR03M + 3.750%) due 10/20/2027 ~

 

4,900

 

5,073

Twin River Worldwide Holdings, Inc.
3.750% (LIBOR03M + 3.250%) due 10/02/2028 ~

 

3,990

 

3,971

United Airlines, Inc.
4.500% (LIBOR03M + 3.750%) due 04/21/2028 ~

 

1,989

 

1,969

Zephyrus Capital Aviation Partners LLC
4.605% due 10/15/2038

 

2,531

 

2,358

Total Loan Participations and Assignments (Cost $27,573)

 

 

 

27,249

CORPORATE BONDS & NOTES 36.9%

 

 

 

 

BANKING & FINANCE 23.0%

 

 

 

 

AerCap Ireland Capital DAC
3.875% due 01/23/2028 (l)

 

2,100

 

2,051

Aircastle Ltd.
4.250% due 06/15/2026

 

3,800

 

3,744

American Assets Trust LP
3.375% due 02/01/2031

 

2,800

 

2,638

American Homes 4 Rent LP
4.250% due 02/15/2028

 

2,900

 

2,949

American International Group, Inc.

 

 

 

 

3.750% due 07/10/2025

 

1,000

 

1,017

4.200% due 04/01/2028

 

1,000

 

1,040

American Tower Corp.

 

 

 

 

1.300% due 09/15/2025

 

4,000

 

3,731

3.375% due 10/15/2026

 

3,300

 

3,261

AmFam Holdings, Inc.
2.805% due 03/11/2031

 

700

 

648

Antares Holdings LP

 

 

 

 

2.750% due 01/15/2027

 

4,050

 

3,566

3.750% due 07/15/2027

 

3,700

 

3,420

3.950% due 07/15/2026

 

1,000

 

934

Arch Capital Group Ltd.
3.635% due 06/30/2050

 

6,900

 

6,343

Ares Capital Corp.

 

 

 

 

2.875% due 06/15/2027

 

6,000

 

5,469

2.875% due 06/15/2028

 

6,000

 

5,323

Ares Finance Co. LLC
3.250% due 06/15/2030

 

3,500

 

3,362

AvalonBay Communities, Inc.
2.450% due 01/15/2031

 

2,550

 

2,402

Aviation Capital Group LLC

 

 

 

 

3.500% due 11/01/2027

 

500

 

474

5.500% due 12/15/2024

 

1,500

 

1,545

Avolon Holdings Funding Ltd.

 

 

 

 

2.528% due 11/18/2027

 

1,993

 

1,764

2.875% due 02/15/2025

 

3,900

 

3,748

3.950% due 07/01/2024

 

3,500

 

3,491

Banco de Credito e Inversiones SA
2.875% due 10/14/2031

 

2,800

 

2,590

Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand
4.125% due 11/09/2022

 

4,400

 

4,435

Banco Santander SA
3.490% due 05/28/2030

 

3,400

 

3,296

Bank of America Corp.

 

 

 

 

3.093% due 10/01/2025 •

 

6,500

 

6,482

3.419% due 12/20/2028 •

 

23,018

 

22,803

3.593% due 07/21/2028 •

 

9,000

 

9,028

4.200% due 08/26/2024

 

1,000

 

1,025

Barclays Bank PLC
7.625% due 11/21/2022 (g)

 

18,600

 

19,071

 

 

 

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Barclays PLC

 

 

 

 

2.852% due 05/07/2026 •

 

4,600

 

4,471

4.375% due 01/12/2026

 

3,500

 

3,576

4.375% due 03/15/2028 •(f)(g)

 

2,200

 

1,943

7.750% due 09/15/2023 •(f)(g)

 

1,100

 

1,143

BGC Partners, Inc.

 

 

 

 

3.750% due 10/01/2024

 

3,300

 

3,276

5.375% due 07/24/2023

 

5,000

 

5,117

Blackstone Holdings Finance Co. LLC
2.550% due 03/30/2032

 

1,250

 

1,142

Blue Owl Finance LLC
3.125% due 06/10/2031

 

4,300

 

3,666

BNP Paribas SA

 

 

 

 

2.219% due 06/09/2026 •

 

9,250

 

8,803

4.400% due 08/14/2028

 

700

 

713

4.500% due 02/25/2030 •(f)(g)

 

200

 

180

4.625% due 02/25/2031 •(f)(g)

 

2,000

 

1,790

BPCE SA
5.700% due 10/22/2023

 

6,600

 

6,830

Brandywine Operating Partnership LP
3.950% due 11/15/2027

 

1,500

 

1,505

Brixmor Operating Partnership LP

 

 

 

 

3.650% due 06/15/2024

 

7,000

 

7,056

4.125% due 05/15/2029

 

5,000

 

5,135

Cantor Fitzgerald LP
4.875% due 05/01/2024

 

1,300

 

1,341

Capital One Financial Corp.
4.200% due 10/29/2025

 

15

 

15

Carlyle Finance Subsidiary LLC
3.500% due 09/19/2029

 

4,500

 

4,428

CI Financial Corp.

 

 

 

 

3.200% due 12/17/2030

 

4,000

 

3,651

4.100% due 06/15/2051

 

2,500

 

2,213

Citigroup, Inc.

 

 

 

 

2.976% due 11/05/2030 •

 

10,000

 

9,503

3.668% due 07/24/2028 •

 

7,300

 

7,310

3.887% due 01/10/2028 •

 

10,750

 

10,884

5.500% due 09/13/2025

 

4,000

 

4,275

CNO Global Funding
1.650% due 01/06/2025

 

5,700

 

5,433

Cooperatieve Rabobank UA
3.875% due 09/26/2023

 

6,150

 

6,258

Corebridge Financial, Inc.
3.850% due 04/05/2029 (c)

 

2,000

 

1,998

Credit Suisse AG
6.500% due 08/08/2023 (g)

 

15,400

 

15,828

Credit Suisse Group AG

 

 

 

 

3.750% due 03/26/2025

 

5,600

 

5,583

6.250% due 12/18/2024 •(f)(g)

 

200

 

202

7.125% due 07/29/2022 •(f)(g)

 

7,700

 

7,729

7.500% due 07/17/2023 •(f)(g)

 

2,000

 

2,036

7.500% due 12/11/2023 •(f)(g)

 

6,700

 

6,947

Crown Castle International Corp.

 

 

 

 

4.300% due 02/15/2029

 

2,000

 

2,057

4.450% due 02/15/2026

 

5,200

 

5,361

CyrusOne LP
2.900% due 11/15/2024

 

5,600

 

5,615

DAE Sukuk Difc Ltd.
3.750% due 02/15/2026

 

1,300

 

1,270

Deutsche Bank AG

 

 

 

 

2.129% due 11/24/2026 •(h)

 

2,000

 

1,856

3.035% due 05/28/2032 •(h)

 

12,700

 

11,433

3.547% due 09/18/2031 •

 

10,700

 

10,107

3.729% due 01/14/2032 •(h)

 

2,200

 

1,965

3.742% due 01/07/2033 •

 

2,900

 

2,567

3.961% due 11/26/2025 •

 

2,500

 

2,500

4.500% due 04/01/2025

 

300

 

301

Discover Financial Services
4.500% due 01/30/2026

 

5,400

 

5,571

Doctors Co. An Interinsurance Exchange
4.500% due 01/18/2032

 

7,800

 

7,447

Doric Nimrod Air Alpha Pass-Through Trust
5.250% due 05/30/2025

 

373

 

371

Doric Nimrod Air Finance Alpha Ltd. Pass-Through Trust
5.125% due 11/30/2024

 

129

 

128

Equitable Holdings, Inc.
4.350% due 04/20/2028

 

1,000

 

1,023

F&G Global Funding
2.000% due 09/20/2028

 

800

 

717

Fairfax Financial Holdings Ltd.
4.850% due 04/17/2028

 

300

 

311

Farmers Insurance Exchange
4.747% due 11/01/2057 •

 

2,000

 

2,101

Fidelity National Financial, Inc.
2.450% due 03/15/2031

 

3,050

 

2,706

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

First American Financial Corp.
4.000% due 05/15/2030

 

4,000

 

4,017

Ford Motor Credit Co. LLC

 

 

 

 

2.300% due 02/10/2025

 

3,300

 

3,136

2.700% due 08/10/2026

 

4,000

 

3,725

2.900% due 02/10/2029

 

2,000

 

1,784

3.550% due 10/07/2022

 

5,000

 

5,009

Freedom Mortgage Corp.
8.250% due 04/15/2025

 

1,564

 

1,562

FS KKR Capital Corp.

 

 

 

 

2.625% due 01/15/2027

 

6,000

 

5,504

3.125% due 10/12/2028

 

1,200

 

1,072

GA Global Funding Trust

 

 

 

 

1.625% due 01/15/2026

 

4,200

 

3,911

2.250% due 01/06/2027

 

7,500

 

7,013

General Motors Financial Co., Inc.
1.199% (US0003M + 0.990%) due 01/05/2023 ~

 

500

 

499

Global Atlantic Fin Co.
4.400% due 10/15/2029

 

6,000

 

6,001

GLP Capital LP

 

 

 

 

4.000% due 01/15/2030

 

5,100

 

4,959

5.750% due 06/01/2028

 

2,600

 

2,803

Goldman Sachs Group, Inc.

 

 

 

 

2.124% (SOFRRATE + 1.850%) due 03/15/2028 ~

 

5,500

 

5,640

3.615% due 03/15/2028 •

 

4,100

 

4,099

3.691% due 06/05/2028 •

 

7,600

 

7,618

3.850% due 01/26/2027

 

13,900

 

14,038

4.223% due 05/01/2029 •

 

2,200

 

2,255

Golub Capital BDC, Inc.

 

 

 

 

2.050% due 02/15/2027

 

1,500

 

1,331

2.500% due 08/24/2026

 

3,000

 

2,760

Goodman U.S. Finance Three LLC
3.700% due 03/15/2028

 

5,000

 

4,999

Healthcare Trust of America Holdings LP
3.750% due 07/01/2027

 

4,600

 

4,655

HSBC Holdings PLC

 

 

 

 

2.099% due 06/04/2026 •

 

3,500

 

3,331

2.804% due 05/24/2032 •

 

9,000

 

8,196

4.250% due 03/14/2024

 

6,000

 

6,091

4.250% due 08/18/2025

 

7,660

 

7,754

4.292% due 09/12/2026 •

 

750

 

760

4.583% due 06/19/2029 •

 

5,300

 

5,461

6.000% due 05/22/2027 •(f)(g)

 

2,600

 

2,652

6.250% due 03/23/2023 •(f)(g)

 

200

 

203

6.500% due 03/23/2028 •(f)(g)

 

3,300

 

3,366

Hudson Pacific Properties LP
3.950% due 11/01/2027

 

900

 

905

Hyundai Capital Services, Inc.
0.750% due 09/15/2023

 

5,000

 

4,837

ING Groep NV

 

 

 

 

3.875% due 05/16/2027 •(f)(g)

 

600

 

525

4.250% due 05/16/2031 •(f)(g)

 

600

 

512

6.875% due 04/16/2022 •(f)(g)

 

400

 

401

Intesa Sanpaolo SpA
4.950% due 06/01/2042 •

 

8,000

 

6,864

Jackson National Life Global Funding
1.750% due 01/12/2025

 

3,500

 

3,355

JPMorgan Chase & Co.

 

 

 

 

1.953% due 02/04/2032 •

 

3,000

 

2,631

3.540% due 05/01/2028 •

 

850

 

853

3.782% due 02/01/2028 •

 

19,000

 

19,265

4.023% due 12/05/2024 •

 

140

 

142

4.493% due 03/24/2031 •

 

15,000

 

15,919

KKR Financial Holdings LLC
5.400% due 05/23/2033

 

6,000

 

6,098

KKR Group Finance Co. LLC

 

 

 

 

3.250% due 12/15/2051

 

1,000

 

836

3.750% due 07/01/2029

 

1,250

 

1,281

LeasePlan Corp. NV
2.875% due 10/24/2024

 

3,300

 

3,226

Liberty Mutual Group, Inc.

 

 

 

 

4.125% due 12/15/2051 •

 

4,000

 

3,780

4.300% due 02/01/2061

 

4,800

 

3,827

Life Storage LP
3.875% due 12/15/2027

 

2,100

 

2,128

Lloyds Banking Group PLC

 

 

 

 

3.574% due 11/07/2028 •

 

26,300

 

25,722

4.450% due 05/08/2025

 

1,000

 

1,026

7.500% due 09/27/2025 •(f)(g)

 

5,000

 

5,316

Loews Corp.
3.200% due 05/15/2030

 

2,050

 

2,007

Low Income Investment Fund
3.711% due 07/01/2029

 

2,500

 

2,567

LXP Industrial Trust
2.375% due 10/01/2031

 

3,500

 

3,111

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Maple Grove Funding Trust
4.161% due 08/15/2051

 

5,500

 

4,980

Massachusetts Mutual Life Insurance Co.
5.077% due 02/15/2069 •

 

3,250

 

3,557

Metropolitan Life Global Funding I
1.875% due 01/11/2027

 

5,000

 

4,703

Mid-America Apartments LP
4.000% due 11/15/2025

 

7,500

 

7,665

Mitsubishi UFJ Financial Group, Inc.
2.341% due 01/19/2028 •

 

10,000

 

9,460

MMcapS Funding Ltd.
1.256% (US0003M + 0.290%) due 12/26/2039 ~

 

566

 

535

Morgan Stanley

 

 

 

 

0.000% due 04/02/2032 þ(h)

 

9,000

 

6,662

2.699% due 01/22/2031 •

 

10,000

 

9,395

3.125% due 07/27/2026

 

660

 

655

3.625% due 01/20/2027

 

2,100

 

2,120

3.772% due 01/24/2029 •

 

17,500

 

17,652

Morgan Stanley Domestic Holdings, Inc.
4.500% due 06/20/2028

 

1,000

 

1,039

Nationwide Building Society
4.363% due 08/01/2024 •

 

2,485

 

2,524

Natwest Group PLC

 

 

 

 

4.519% due 06/25/2024 •

 

5,000

 

5,077

4.600% due 06/28/2031 •(f)(g)

 

200

 

177

4.800% due 04/05/2026

 

1,000

 

1,035

New York Life Insurance Co.
4.450% due 05/15/2069

 

3,700

 

3,863

Nippon Life Insurance Co.
2.750% due 01/21/2051 •

 

5,750

 

5,175

Nissan Motor Acceptance Co. LLC

 

 

 

 

1.656% due 09/28/2022 •

 

1,000

 

998

2.450% due 09/15/2028

 

1,000

 

875

2.600% due 09/28/2022

 

1,000

 

1,000

2.650% due 07/13/2022

 

1,800

 

1,803

3.875% due 09/21/2023

 

3,800

 

3,824

Nomura Holdings, Inc.

 

 

 

 

2.329% due 01/22/2027

 

5,000

 

4,685

2.608% due 07/14/2031

 

9,300

 

8,374

2.648% due 01/16/2025

 

2,300

 

2,239

2.710% due 01/22/2029

 

950

 

877

Nordea Bank Abp

 

 

 

 

3.750% due 03/01/2029 •(f)(g)

 

5,000

 

4,304

6.125% due 09/23/2024 •(f)

 

550

 

570

6.625% due 03/26/2026 •(f)(g)

 

5,600

 

5,878

Ohio National Financial Services, Inc.
5.800% due 01/24/2030

 

3,300

 

3,410

Omega Healthcare Investors, Inc.

 

 

 

 

4.750% due 01/15/2028

 

3,350

 

3,412

5.250% due 01/15/2026

 

200

 

208

Owl Rock Capital Corp.
2.875% due 06/11/2028

 

6,300

 

5,506

Pacific Life Insurance Co.
9.250% due 06/15/2039

 

5,000

 

7,766

Park Aerospace Holdings Ltd.
5.500% due 02/15/2024

 

699

 

716

Physicians Realty LP
4.300% due 03/15/2027

 

2,000

 

2,050

Preferred Term Securities Ltd.
1.126% (US0003M + 0.300%) due 03/22/2037 ~

 

1,931

 

1,709

Realty Income Corp.

 

 

 

 

3.100% due 12/15/2029

 

4,000

 

3,915

3.950% due 08/15/2027

 

300

 

309

RGA Global Funding
2.700% due 01/18/2029

 

2,900

 

2,732

Santander Holdings USA, Inc.
2.490% due 01/06/2028 •

 

5,400

 

5,046

Santander U.K. Group Holdings PLC

 

 

 

 

1.673% due 06/14/2027 •

 

10,000

 

9,112

2.469% due 01/11/2028 •

 

5,000

 

4,658

3.373% due 01/05/2024 •

 

2,900

 

2,910

3.823% due 11/03/2028 •

 

5,000

 

4,923

Service Properties Trust
3.950% due 01/15/2028

 

3,000

 

2,556

Skandinaviska Enskilda Banken AB
5.625% due 05/13/2022 •(f)(g)

 

800

 

804

Societe Generale SA

 

 

 

 

5.375% due 11/18/2030 •(f)(g)

 

3,200

 

2,992

7.375% due 10/04/2023 •(f)(g)

 

1,300

 

1,327

Spirit Realty LP
4.450% due 09/15/2026

 

700

 

722

Standard Chartered PLC

 

 

 

 

1.365% (SOFRRATE + 1.250%) due 10/14/2023 ~

 

15,000

 

15,050

4.750% due 01/14/2031 •(f)(g)

 

200

 

181

7.500% due 04/02/2022 •(f)(g)

 

800

 

800

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

STORE Capital Corp.
4.625% due 03/15/2029

 

2,100

 

2,183

Sumitomo Mitsui Financial Group, Inc.
2.448% due 09/27/2024

 

6,800

 

6,686

Swedbank AB
4.000% due 03/17/2029 •(f)(g)

 

400

 

352

Trust Fibra Uno
4.869% due 01/15/2030

 

4,900

 

4,824

UBS AG

 

 

 

 

5.125% due 05/15/2024 (g)

 

2,500

 

2,562

7.625% due 08/17/2022 (g)

 

17,550

 

17,816

UBS Group AG

 

 

 

 

5.125% due 07/29/2026 •(f)(g)

 

800

 

805

7.000% due 02/19/2025 •(f)(g)

 

200

 

213

UDR, Inc.
3.500% due 07/01/2027

 

2,400

 

2,410

UniCredit SpA
7.830% due 12/04/2023

 

5,000

 

5,316

Wells Fargo & Co.

 

 

 

 

3.350% due 03/02/2033 •

 

4,500

 

4,378

3.550% due 09/29/2025

 

800

 

811

3.584% due 05/22/2028 •

 

17,250

 

17,244

4.478% due 04/04/2031 •

 

10,000

 

10,602

Welltower, Inc.
3.625% due 03/15/2024

 

5,000

 

5,056

Willis North America, Inc.
2.950% due 09/15/2029

 

1,300

 

1,222

WP Carey, Inc.
2.400% due 02/01/2031

 

3,900

 

3,521

 

 

 

 

892,891

INDUSTRIALS 11.7%

 

 

 

 

Adani Electricity Mumbai Ltd.
3.949% due 02/12/2030

 

3,000

 

2,719

Air Canada
3.875% due 08/15/2026

 

1,000

 

945

Air Canada Pass-Through Trust
5.250% due 10/01/2030

 

2,273

 

2,351

Alcon Finance Corp.
2.600% due 05/27/2030

 

3,200

 

2,951

American Airlines Pass-Through Trust

 

 

 

 

3.375% due 11/01/2028

 

7,677

 

7,396

3.700% due 04/01/2028

 

1,939

 

1,875

4.000% due 01/15/2027

 

2,573

 

2,393

American Airlines, Inc.

 

 

 

 

5.500% due 04/20/2026

 

3,900

 

3,935

5.750% due 04/20/2029

 

1,400

 

1,397

Arrow Electronics, Inc.

 

 

 

 

3.250% due 09/08/2024

 

5,000

 

5,013

3.875% due 01/12/2028

 

2,500

 

2,513

Ashtead Capital, Inc.
4.250% due 11/01/2029

 

5,000

 

4,982

Bacardi Ltd.

 

 

 

 

4.450% due 05/15/2025

 

5,000

 

5,122

5.150% due 05/15/2038

 

1,200

 

1,309

BAT Capital Corp.

 

 

 

 

2.259% due 03/25/2028

 

5,200

 

4,675

4.390% due 08/15/2037

 

3,200

 

2,983

BAT International Finance PLC
1.668% due 03/25/2026

 

3,700

 

3,400

Berry Global, Inc.
0.950% due 02/15/2024

 

3,500

 

3,353

Bio-Rad Laboratories, Inc.
3.300% due 03/15/2027

 

1,000

 

986

Boeing Co.

 

 

 

 

5.705% due 05/01/2040

 

100

 

112

5.805% due 05/01/2050

 

100

 

116

Bowdoin College
4.693% due 07/01/2112

 

3,400

 

3,964

Broadcom, Inc.

 

 

 

 

3.187% due 11/15/2036

 

1,600

 

1,392

3.419% due 04/15/2033

 

4,500

 

4,208

4.110% due 09/15/2028

 

7,435

 

7,539

California Institute of Technology
4.283% due 09/01/2116

 

3,000

 

3,149

Campbell Soup Co.
3.650% due 03/15/2023

 

3,400

 

3,441

CDW LLC
2.670% due 12/01/2026

 

3,000

 

2,833

CH Robinson Worldwide, Inc.
4.200% due 04/15/2028

 

1,000

 

1,030

Charter Communications Operating LLC
4.908% due 07/23/2025

 

4,800

 

4,982

Cheniere Corpus Christi Holdings LLC
5.125% due 06/30/2027

 

5,000

 

5,336

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Choice Hotels International, Inc.
3.700% due 12/01/2029

 

6,700

 

6,571

Citrix Systems, Inc.

 

 

 

 

3.300% due 03/01/2030

 

3,620

 

3,586

4.500% due 12/01/2027

 

3,000

 

3,071

Claremont Mckenna College
3.775% due 01/01/2122

 

3,000

 

2,564

CommonSpirit Health
4.187% due 10/01/2049

 

7,300

 

7,294

Corp. Nacional del Cobre de Chile

 

 

 

 

3.625% due 08/01/2027

 

4,000

 

4,015

4.500% due 09/16/2025

 

3,500

 

3,607

CVS Health Corp.

 

 

 

 

3.000% due 08/15/2026

 

4,000

 

3,973

3.750% due 04/01/2030

 

2,600

 

2,649

4.100% due 03/25/2025

 

2,402

 

2,464

4.125% due 04/01/2040

 

7,150

 

7,293

DAE Funding LLC

 

 

 

 

1.625% due 02/15/2024

 

2,600

 

2,491

2.625% due 03/20/2025

 

4,000

 

3,810

3.375% due 03/20/2028

 

5,000

 

4,700

Dell International LLC

 

 

 

 

4.000% due 07/15/2024

 

6,500

 

6,645

4.900% due 10/01/2026

 

3,000

 

3,150

5.300% due 10/01/2029

 

2,400

 

2,618

5.450% due 06/15/2023

 

1,067

 

1,100

6.020% due 06/15/2026

 

1,000

 

1,084

6.100% due 07/15/2027

 

700

 

771

6.200% due 07/15/2030

 

1,000

 

1,142

Delta Air Lines, Inc.

 

 

 

 

4.375% due 04/19/2028

 

800

 

769

4.750% due 10/20/2028

 

1,800

 

1,817

7.000% due 05/01/2025

 

200

 

214

7.375% due 01/15/2026

 

2,200

 

2,392

Diamondback Energy, Inc.
3.500% due 12/01/2029

 

200

 

198

eBay, Inc.
3.600% due 06/05/2027

 

1,000

 

1,018

Ecopetrol SA
5.875% due 09/18/2023

 

5,200

 

5,339

Energy Transfer LP

 

 

 

 

3.900% due 05/15/2024

 

2,750

 

2,768

3.900% due 07/15/2026

 

100

 

101

4.500% due 11/01/2023

 

5,000

 

5,078

5.000% due 10/01/2022

 

2,500

 

2,520

5.950% due 12/01/2025

 

2,300

 

2,467

Enterprise Products Operating LLC
5.700% due 02/15/2042

 

200

 

233

Equinor ASA
3.125% due 04/06/2030

 

2,100

 

2,095

ERAC USA Finance LLC
3.800% due 11/01/2025

 

900

 

915

Expedia Group, Inc.

 

 

 

 

3.800% due 02/15/2028

 

2,500

 

2,492

6.250% due 05/01/2025

 

1,054

 

1,128

Ferguson Finance PLC
3.250% due 06/02/2030

 

2,000

 

1,906

Flex Intermediate Holdco LLC

 

 

 

 

3.363% due 06/30/2031

 

2,700

 

2,513

4.317% due 12/30/2039

 

2,700

 

2,523

Flex Ltd.

 

 

 

 

4.750% due 06/15/2025

 

1,600

 

1,652

4.875% due 06/15/2029

 

2,000

 

2,084

Ford Motor Co.
5.291% due 12/08/2046

 

1,000

 

972

GE Capital International Funding Co. Unlimited Co.
4.418% due 11/15/2035

 

6,950

 

7,478

General Electric Co.
4.250% due 05/01/2040

 

6,000

 

5,778

Georgetown University
5.215% due 10/01/2118

 

6,560

 

7,529

Global Payments, Inc.

 

 

 

 

2.650% due 02/15/2025

 

2,600

 

2,547

3.200% due 08/15/2029

 

2,600

 

2,473

Hyatt Hotels Corp.
1.800% due 10/01/2024

 

3,000

 

2,889

Hyundai Capital America
5.875% due 04/07/2025

 

6,000

 

6,346

Imperial Brands Finance PLC

 

 

 

 

3.500% due 07/26/2026

 

5,000

 

4,898

3.875% due 07/26/2029

 

3,000

 

2,947

Infor, Inc.
1.750% due 07/15/2025

 

6,100

 

5,742

KB Home
4.000% due 06/15/2031

 

4,000

 

3,628

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Kinder Morgan Energy Partners LP
4.300% due 05/01/2024

 

850

 

868

Kinder Morgan, Inc.

 

 

 

 

5.625% due 11/15/2023

 

2,000

 

2,065

7.750% due 01/15/2032

 

3,000

 

3,873

Las Vegas Sands Corp.
3.200% due 08/08/2024

 

3,600

 

3,440

Lundin Energy Finance BV

 

 

 

 

2.000% due 07/15/2026

 

700

 

653

3.100% due 07/15/2031

 

200

 

186

Magallanes, Inc.
5.391% due 03/15/2062

 

1,100

 

1,140

Marriott International, Inc.
2.750% due 10/15/2033

 

1,300

 

1,150

Marvell Technology Group Ltd.
4.200% due 06/22/2023

 

3,000

 

3,049

Massachusetts Institute of Technology
4.678% due 07/01/2114

 

1,360

 

1,570

MDC Holdings, Inc.
3.966% due 08/06/2061

 

5,000

 

3,880

Melco Resorts Finance Ltd.
5.750% due 07/21/2028

 

400

 

354

MGM China Holdings Ltd.

 

 

 

 

5.250% due 06/18/2025

 

400

 

368

5.875% due 05/15/2026

 

200

 

183

Micron Technology, Inc.
4.185% due 02/15/2027

 

6,000

 

6,166

Mileage Plus Holdings LLC
6.500% due 06/20/2027

 

4,500

 

4,697

MPLX LP
4.250% due 12/01/2027

 

4,200

 

4,346

National Fuel Gas Co.
2.950% due 03/01/2031

 

3,900

 

3,555

New York & Presbyterian Hospital
4.763% due 08/01/2116

 

3,000

 

3,236

Nissan Motor Co. Ltd.

 

 

 

 

3.043% due 09/15/2023

 

3,850

 

3,843

3.522% due 09/17/2025

 

3,800

 

3,729

NXP BV

 

 

 

 

3.150% due 05/01/2027

 

700

 

680

3.400% due 05/01/2030

 

1,000

 

971

ONEOK Partners LP
3.375% due 10/01/2022

 

3,200

 

3,210

Oracle Corp.
3.600% due 04/01/2050

 

16,400

 

13,642

Pacific National Finance Pty. Ltd.
4.750% due 03/22/2028

 

4,300

 

4,324

Perrigo Finance Unlimited Co.

 

 

 

 

3.900% due 06/15/2030

 

1,400

 

1,318

4.375% due 03/15/2026

 

200

 

199

Petroleos Mexicanos

 

 

 

 

6.490% due 01/23/2027

 

311

 

315

6.700% due 02/16/2032

 

4,600

 

4,375

Prosus NV

 

 

 

 

3.257% due 01/19/2027

 

2,500

 

2,288

3.680% due 01/21/2030

 

2,700

 

2,369

4.193% due 01/19/2032

 

2,300

 

2,026

Quanta Services, Inc.
2.900% due 10/01/2030

 

4,850

 

4,494

RELX Capital, Inc.
3.000% due 05/22/2030

 

500

 

478

Rockies Express Pipeline LLC
3.600% due 05/15/2025

 

3,000

 

2,953

Royalty Pharma PLC
1.750% due 09/02/2027

 

5,000

 

4,546

S&P Global, Inc.
4.750% due 08/01/2028

 

500

 

538

Sabine Pass Liquefaction LLC

 

 

 

 

5.625% due 03/01/2025

 

2,000

 

2,116

5.750% due 05/15/2024

 

900

 

942

5.875% due 06/30/2026

 

3,000

 

3,246

Sands China Ltd.

 

 

 

 

2.550% due 03/08/2027

 

900

 

786

3.100% due 03/08/2029

 

2,000

 

1,710

3.250% due 08/08/2031

 

1,800

 

1,476

3.800% due 01/08/2026

 

800

 

761

5.400% due 08/08/2028

 

2,000

 

1,970

ServiceNow, Inc.
1.400% due 09/01/2030

 

900

 

766

Sprint Spectrum Co. LLC
4.738% due 03/20/2025

 

4,875

 

4,979

Starbucks Corp.
4.450% due 08/15/2049

 

200

 

214

Studio City Finance Ltd.

 

 

 

 

5.000% due 01/15/2029

 

700

 

534

6.000% due 07/15/2025

 

200

 

183

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Syngenta Finance NV
4.441% due 04/24/2023

 

5,400

 

5,475

T-Mobile USA, Inc.

 

 

 

 

1.500% due 02/15/2026

 

900

 

841

2.050% due 02/15/2028

 

5,000

 

4,576

Teck Resources Ltd.
6.250% due 07/15/2041

 

200

 

240

Tennessee Gas Pipeline Co. LLC
2.900% due 03/01/2030

 

8,000

 

7,515

Time Warner Entertainment Co. LP
8.375% due 07/15/2033

 

500

 

654

Trustees of the University of Pennsylvania
4.674% due 09/01/2112

 

1,180

 

1,345

Turkish Airlines Pass-Through Trust
4.200% due 09/15/2028

 

3,198

 

2,680

U.S. Airways Pass-Through Trust
3.950% due 05/15/2027

 

2,140

 

2,048

United Airlines Pass-Through Trust

 

 

 

 

3.100% due 01/07/2030

 

1,068

 

1,037

3.450% due 01/07/2030

 

3,203

 

2,992

4.550% due 08/25/2031

 

2,152

 

2,161

United Airlines, Inc.

 

 

 

 

4.375% due 04/15/2026

 

3,400

 

3,349

4.625% due 04/15/2029

 

2,500

 

2,381

Vmed O2 U.K. Financing PLC
4.750% due 07/15/2031

 

3,900

 

3,682

VMware, Inc.
4.700% due 05/15/2030

 

6,700

 

7,099

Weir Group PLC
2.200% due 05/13/2026

 

2,000

 

1,871

Wesleyan University
4.781% due 07/01/2116

 

3,248

 

3,648

Westinghouse Air Brake Technologies Corp.

 

 

 

 

3.200% due 06/15/2025

 

1,200

 

1,173

3.450% due 11/15/2026

 

1,200

 

1,177

4.400% due 03/15/2024

 

1,800

 

1,834

4.950% due 09/15/2028

 

6,130

 

6,465

WRKCo, Inc.
3.900% due 06/01/2028

 

500

 

503

Wynn Macau Ltd.

 

 

 

 

5.500% due 01/15/2026

 

400

 

364

5.500% due 10/01/2027

 

200

 

173

5.625% due 08/26/2028

 

1,900

 

1,655

Yara International ASA
3.148% due 06/04/2030

 

1,500

 

1,401

 

 

 

 

457,546

UTILITIES 2.2%

 

 

 

 

American Transmission Systems, Inc.
5.000% due 09/01/2044

 

300

 

331

AT&T, Inc.

 

 

 

 

3.550% due 09/15/2055

 

60

 

53

3.650% due 09/15/2059

 

98

 

86

3.800% due 12/01/2057

 

602

 

552

3.850% due 06/01/2060

 

12,000

 

10,784

4.300% due 02/15/2030

 

4,163

 

4,403

Edison International
2.950% due 03/15/2023

 

700

 

699

Exelon Corp.
4.050% due 04/15/2030

 

3,250

 

3,359

FirstEnergy Corp.
4.400% due 07/15/2027

 

6,100

 

6,149

IPALCO Enterprises, Inc.
3.700% due 09/01/2024

 

4,450

 

4,465

Israel Electric Corp. Ltd.
3.750% due 02/22/2032

 

6,300

 

6,069

Jersey Central Power & Light Co.
4.300% due 01/15/2026

 

300

 

307

Metropolitan Edison Co.
4.300% due 01/15/2029

 

600

 

625

Mid-Atlantic Interstate Transmission LLC
4.100% due 05/15/2028

 

900

 

909

NGPL PipeCo LLC
4.875% due 08/15/2027

 

3,200

 

3,325

ONEOK, Inc.
7.150% due 01/15/2051

 

100

 

128

Pacific Gas & Electric Co.

 

 

 

 

3.300% due 03/15/2027

 

900

 

865

3.300% due 12/01/2027

 

100

 

95

3.300% due 08/01/2040

 

4,200

 

3,447

3.500% due 08/01/2050

 

500

 

404

3.750% due 07/01/2028

 

500

 

480

4.450% due 04/15/2042

 

2,000

 

1,778

4.500% due 07/01/2040

 

1,700

 

1,552

4.550% due 07/01/2030

 

9,100

 

9,043

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Pennsylvania Electric Co.

 

 

 

 

3.250% due 03/15/2028

 

1,100

 

1,060

3.600% due 06/01/2029

 

2,000

 

1,988

Plains All American Pipeline LP

 

 

 

 

3.600% due 11/01/2024

 

7,987

 

8,018

3.850% due 10/15/2023

 

225

 

227

Puget Energy, Inc.
4.224% due 03/15/2032 (h)

 

3,000

 

3,010

SA Global Sukuk Ltd.
2.694% due 06/17/2031

 

2,100

 

1,992

SES SA
3.600% due 04/04/2023

 

1,700

 

1,710

Southern California Edison Co.
0.975% due 08/01/2024

 

3,900

 

3,722

Sprint Corp.
7.125% due 06/15/2024

 

500

 

537

Toledo Edison Co.
2.650% due 05/01/2028

 

2,918

 

2,775

 

 

 

 

84,947

Total Corporate Bonds & Notes (Cost $1,486,178)

 

 

 

1,435,384

MUNICIPAL BONDS & NOTES 2.0%

 

 

 

 

CALIFORNIA 0.7%

 

 

 

 

Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021

 

 

 

 

3.714% due 06/01/2041

 

3,700

 

3,310

3.850% due 06/01/2050

 

4,750

 

4,577

Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021
2.158% due 06/01/2026

 

4,800

 

4,591

Regents of the University of California Medical Center Pooled Revenue Bonds, Series 2020
3.706% due 05/15/2120

 

6,000

 

5,075

University of California Revenue Bonds, Series 2012
4.858% due 05/15/2112

 

7,506

 

8,396

University of California Revenue Bonds, Series 2015
4.767% due 05/15/2115

 

2,100

 

2,306

 

 

 

 

28,255

FLORIDA 0.2%

 

 

 

 

Palm Beach County, Florida Revenue Bonds, Series 2013
5.250% due 11/01/2043

 

7,520

 

7,864

GEORGIA 0.0%

 

 

 

 

Municipal Electric Authority of Georgia Revenue Bonds, (BABs), Series 2010
6.637% due 04/01/2057

 

1,100

 

1,470

ILLINOIS 0.2%

 

 

 

 

Illinois State General Obligation Bonds, (BABs), Series 2010
7.350% due 07/01/2035

 

6,800

 

7,912

MICHIGAN 0.1%

 

 

 

 

University of Michigan Revenue Bonds, Series 2022
4.454% due 04/01/2122

 

2,000

 

2,138

NEW JERSEY 0.2%

 

 

 

 

New Jersey Economic Development Authority Revenue Notes, Series 2017
3.800% due 07/01/2022

 

1,000

 

1,005

Rutgers, The State University of New Jersey Revenue Bonds, Series 2019
3.915% due 05/01/2119

 

5,400

 

4,932

 

 

 

 

5,937

NEW YORK 0.2%

 

 

 

 

New York City, New York Industrial Development Agency Revenue Bonds, (AGM Insured), Series 2006
6.027% due 01/01/2046

 

600

 

722

Port Authority of New York & New Jersey Revenue Bonds, Series 2015
4.810% due 10/15/2065

 

1,000

 

1,172

Port Authority of New York & New Jersey Revenue Bonds, Series 2019
3.287% due 08/01/2069

 

7,500

 

6,493

 

 

 

 

8,387

TEXAS 0.1%

 

 

 

 

Texas Private Activity Bond Surface Transportation Corp. Revenue Bonds, Series 2019
3.922% due 12/31/2049

 

4,200

 

4,325

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Texas Public Finance Authority Revenue Notes, Series 2014
8.250% due 07/01/2024

 

1,300

 

1,312

 

 

 

 

5,637

VIRGINIA 0.1%

 

 

 

 

University of Virginia Revenue Bonds, Series 2017
4.179% due 09/01/2117

 

870

 

873

University of Virginia Revenue Bonds, Series 2019
3.227% due 09/01/2119

 

5,300

 

4,043

 

 

 

 

4,916

WEST VIRGINIA 0.2%

 

 

 

 

Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2020

 

 

 

 

3.000% due 06/01/2035

 

1,980

 

2,001

4.875% due 06/01/2049

 

5,000

 

4,932

 

 

 

 

6,933

Total Municipal Bonds & Notes (Cost $83,871)

 

 

 

79,449

U.S. GOVERNMENT AGENCIES 23.9%

 

 

 

 

Fannie Mae

 

 

 

 

0.000% due 07/25/2031 - 02/25/2040 (b)(e)

 

108

 

94

0.529% due 08/25/2022 ~(a)

 

3,026

 

0

1.792% due 12/01/2028 •

 

162

 

162

2.030% due 11/01/2035 •

 

2

 

2

2.085% due 10/01/2035 •

 

3

 

3

2.195% due 04/01/2036 •

 

6

 

6

2.218% due 09/01/2034 •

 

22

 

22

3.000% due 03/25/2033 - 02/25/2043

 

3

 

3

3.500% due 06/25/2042

 

608

 

615

4.000% due 10/01/2026 - 07/01/2044

 

913

 

918

4.500% due 09/01/2023 - 06/01/2051

 

1,136

 

1,170

5.000% due 05/01/2026 - 11/01/2039

 

1,090

 

1,124

5.500% due 12/01/2031 - 04/01/2039

 

619

 

643

5.543% due 09/25/2042 •(a)

 

25,268

 

5,029

5.963% due 04/25/2040 •(a)

 

50

 

6

6.000% due 05/25/2031 - 09/01/2037

 

634

 

669

6.361% due 05/25/2042 •

 

134

 

128

6.500% due 01/01/2036 - 05/01/2038

 

58

 

64

6.743% due 05/25/2036 •(a)

 

939

 

133

7.000% due 04/01/2037 - 03/01/2038

 

61

 

66

7.500% due 10/01/2037

 

75

 

82

19.576% due 01/25/2036 •

 

112

 

123

24.874% due 07/25/2023 •

 

1

 

2

Fannie Mae, TBA
3.000% due 06/01/2040

 

166,000

 

161,807

Freddie Mac

 

 

 

 

0.000% due 01/15/2033 - 07/15/2039 (b)(e)

 

499

 

459

1.739% due 06/15/2040 ~(a)

 

10,246

 

383

2.006% due 10/01/2036 •

 

1

 

1

2.355% due 07/01/2036 •

 

5

 

5

2.510% due 12/01/2031 •

 

50

 

50

3.000% due 01/01/2043 - 04/01/2043

 

5

 

5

3.500% due 12/15/2028 (a)

 

1,086

 

56

3.500% due 10/01/2033 - 04/01/2049

 

52,216

 

52,940

4.000% due 09/01/2033 - 06/01/2049

 

64,511

 

66,404

4.200% due 11/15/2048 •(a)

 

26,269

 

1,889

4.500% due 02/01/2034 - 11/01/2044

 

4,409

 

4,661

4.553% due 12/15/2040 •(a)

 

1,481

 

127

4.633% due 05/15/2041 •

 

956

 

892

5.000% due 03/01/2033 - 07/15/2041

 

352

 

372

5.250% due 04/15/2033

 

23

 

24

5.500% due 01/01/2023 - 10/01/2037

 

838

 

875

6.000% due 01/01/2034 - 08/01/2037

 

131

 

138

6.500% due 01/01/2037 - 07/01/2037

 

21

 

22

6.657% due 06/15/2042 •

 

50

 

43

8.500% due 12/01/2022

 

1

 

1

9.000% due 12/01/2025 - 08/01/2030

 

2

 

2

9.107% due 01/15/2041 •

 

4,414

 

4,756

9.500% due 01/01/2025

 

6

 

6

10.000% due 04/01/2025

 

1

 

1

18.235% due 10/15/2023 •

 

24

 

25

18.572% due 05/15/2033 •

 

33

 

40

Ginnie Mae

 

 

 

 

3.500% due 12/20/2040 - 03/20/2047

 

10,837

 

11,033

4.000% due 09/20/2040 - 06/15/2047

 

17,602

 

18,283

4.500% due 08/20/2038 - 02/20/2047

 

1,617

 

1,680

4.750% due 01/20/2035

 

45

 

48

5.000% due 03/20/2034 - 04/20/2040

 

398

 

412

5.500% due 04/16/2034 - 11/20/2038

 

43

 

46

6.000% due 08/20/2038 - 02/20/2039

 

76

 

80

6.500% due 12/20/2038

 

26

 

27

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Ginnie Mae, TBA
2.500% due 04/01/2052

 

76,000

 

73,717

Tennessee Valley Authority STRIPS

 

 

 

 

0.000% due 06/15/2038 (e)

 

2,500

 

1,476

4.250% due 09/15/2065

 

10,000

 

12,363

Uniform Mortgage-Backed Security

 

 

 

 

3.000% due 03/01/2050

 

14,680

 

14,437

3.500% due 09/01/2045 - 08/01/2049

 

42,597

 

42,992

4.000% due 04/01/2022 - 08/01/2049

 

66,112

 

68,155

4.500% due 06/01/2039 - 02/01/2049

 

21,883

 

23,021

7.000% due 05/01/2022 - 01/01/2023

 

27

 

27

Uniform Mortgage-Backed Security, TBA

 

 

 

 

2.500% due 04/01/2052 - 05/01/2052

 

219,978

 

209,457

3.000% due 05/01/2052

 

95,000

 

92,734

3.500% due 05/01/2052

 

50,600

 

50,536

Total U.S. Government Agencies (Cost $941,099)

 

 

 

927,572

U.S. TREASURY OBLIGATIONS 25.2%

 

 

 

 

U.S. Treasury Bonds

 

 

 

 

2.250% due 02/15/2052

 

85,000

 

81,547

2.375% due 02/15/2042 (l)

 

305,800

 

295,049

3.000% due 02/15/2049 (l)

 

2,000

 

2,201

U.S. Treasury Notes

 

 

 

 

1.375% due 11/15/2031

 

200,000

 

183,563

1.750% due 03/15/2025 (l)

 

225,000

 

220,254

1.875% due 02/28/2029 (n)

 

40,000

 

38,622

1.875% due 02/15/2032

 

35,000

 

33,616

2.500% due 03/31/2027

 

125,000

 

125,283

Total U.S. Treasury Obligations (Cost $994,447)

 

 

 

980,135

NON-AGENCY MORTGAGE-BACKED SECURITIES 7.6%

 

 

 

 

American Home Mortgage Investment Trust
2.329% due 09/25/2045 •

 

1

 

1

Arbor Multifamily Mortgage Securities Trust
2.756% due 05/15/2053

 

4,600

 

4,391

BAMLL Commercial Mortgage Securities Trust
1.597% due 03/15/2034 ~•

 

5,385

 

5,339

Banc of America Funding Trust
0.327% due 08/27/2036 ~

 

8,653

 

8,225

Barclays Commercial Mortgage Securities Trust
4.314% due 12/15/2051

 

1,000

 

1,059

BCAP LLC Trust
0.757% due 05/25/2047 ^•

 

1,890

 

1,881

Bear Stearns ALT-A Trust
1.097% due 04/25/2034 •

 

15

 

15

BWAY Mortgage Trust
1.647% due 09/15/2036 •

 

5,000

 

4,949

BX Commercial Mortgage Trust
1.127% due 10/15/2036 •

 

2,200

 

2,149

BXMT Ltd.
1.564% due 11/15/2037 •

 

7,500

 

7,455

Chase Mortgage Finance Trust
6.000% due 05/25/2036

 

3,804

 

2,350

ChaseFlex Trust
6.500% due 02/25/2037

 

3,951

 

1,891

Citigroup Commercial Mortgage Trust

 

 

 

 

3.209% due 05/10/2049

 

7,800

 

7,750

3.778% due 09/10/2058

 

8,100

 

8,208

Citigroup Mortgage Loan Trust

 

 

 

 

0.777% due 09/25/2036 •

 

999

 

973

1.257% due 08/25/2035 ^•

 

492

 

471

3.228% due 09/25/2059 þ

 

2,720

 

2,721

Citigroup Mortgage Loan Trust, Inc.
5.500% due 08/25/2034

 

1,621

 

1,622

Commercial Mortgage Trust
1.697% due 12/15/2038 •

 

6,400

 

6,324

Countrywide Alternative Loan Trust

 

 

 

 

0.707% due 06/25/2037 ^•

 

598

 

517

0.817% due 05/25/2047 ~•

 

178

 

162

1.089% due 12/20/2035 •

 

3,629

 

3,446

5.500% due 07/25/2035

 

1,245

 

1,045

5.500% due 08/25/2035

 

360

 

351

5.500% due 12/25/2035

 

809

 

700

5.500% due 02/25/2036

 

1,663

 

1,539

5.750% due 05/25/2036

 

379

 

214

6.000% due 04/25/2037

 

3,406

 

3,328

6.250% due 08/25/2036

 

355

 

270

Countrywide Home Loan Mortgage Pass-Through Trust

 

 

 

 

0.997% due 03/25/2035 •

 

82

 

79

2.668% due 03/20/2036 ~

 

655

 

651

2.806% due 02/20/2036 ~

 

740

 

726

2.934% due 11/25/2037 ~

 

2,747

 

2,706

Countrywide Home Loan Reperforming REMIC Trust
0.797% due 01/25/2036 •

 

1,655

 

1,646

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Credit Suisse First Boston Mortgage Securities Corp.

 

 

 

 

1.107% due 11/25/2031 •

 

30

 

21

2.786% due 11/25/2034 ~

 

26

 

27

Credit Suisse Mortgage Capital Certificates

 

 

 

 

2.436% due 02/25/2061 ~

 

2,032

 

1,941

6.000% due 07/25/2037 ^

 

530

 

495

Credit Suisse Mortgage Capital Mortgage-Backed Trust

 

 

 

 

5.500% due 03/25/2037

 

790

 

536

6.421% due 10/25/2037 ~

 

3,301

 

2,643

Credit Suisse Mortgage Capital Trust

 

 

 

 

1.796% due 12/27/2060 ~

 

2,552

 

2,440

1.926% due 07/27/2061 ~

 

4,082

 

3,884

2.691% due 03/25/2060 ~

 

5,725

 

5,626

3.023% due 08/25/2060 ~

 

4,324

 

4,245

Deutsche ALT-A Securities, Inc. Mortgage Loan Trust
0.937% due 01/25/2047 •

 

4,352

 

4,207

Deutsche ALT-B Securities, Inc. Mortgage Loan Trust

 

 

 

 

5.431% due 02/25/2036 ~

 

163

 

160

5.665% due 02/25/2036 ~

 

1,514

 

1,488

GCAT LLC
2.981% due 09/25/2025 þ

 

3,088

 

3,088

Great Hall Mortgages PLC
1.078% due 06/18/2039 •

 

1,540

 

1,516

GSMPS Mortgage Loan Trust
0.807% due 01/25/2036 •

 

2,291

 

1,938

GSR Mortgage Loan Trust

 

 

 

 

2.654% due 11/25/2035 ~

 

10

 

10

2.871% due 01/25/2036 ~

 

1,274

 

1,291

2.988% due 09/25/2034 ~

 

177

 

181

6.000% due 03/25/2036

 

4,443

 

2,392

6.500% due 05/25/2036

 

669

 

265

HarborView Mortgage Loan Trust

 

 

 

 

0.639% due 01/19/2038 •

 

3,562

 

3,387

0.654% due 12/19/2036 •

 

2,371

 

2,200

0.989% due 03/19/2035 •

 

999

 

998

HomeBanc Mortgage Trust
1.117% due 10/25/2035 •

 

185

 

185

Impac Secured Assets Trust
0.857% due 11/25/2036 •

 

1,221

 

1,182

IndyMac INDX Mortgage Loan Trust
3.075% due 09/25/2036 ~

 

1,629

 

1,257

JP Morgan Alternative Loan Trust
2.808% due 12/25/2035 ^~

 

530

 

435

JP Morgan Chase Commercial Mortgage Securities Trust
3.648% due 12/15/2049 ~

 

3,700

 

3,755

JP Morgan Mortgage Trust

 

 

 

 

2.723% due 07/25/2035 ~

 

16

 

16

2.830% due 02/25/2036 ^~

 

865

 

740

6.000% due 08/25/2037 ^

 

826

 

553

6.500% due 01/25/2036 ^

 

5,257

 

3,559

JP Morgan Resecuritization Trust
5.007% due 07/27/2037 ~

 

1

 

1

Key Commercial Mortgage Securities Trust
2.233% due 09/16/2052

 

10,000

 

9,057

Legacy Mortgage Asset Trust

 

 

 

 

1.750% due 07/25/2061 þ

 

1,433

 

1,370

1.875% due 10/25/2068 þ

 

4,637

 

4,500

1.892% due 10/25/2066 þ

 

1,818

 

1,766

1.991% due 09/25/2060 ~

 

1,384

 

1,378

2.250% due 07/25/2067 þ

 

2,531

 

2,421

3.000% due 06/25/2059 þ

 

3,662

 

3,658

Lehman XS Trust

 

 

 

 

0.817% due 12/25/2036 •

 

3,045

 

3,111

0.837% due 11/25/2046 ~•

 

3,179

 

3,009

1.141% due 11/25/2035 •

 

23

 

24

LUXE Commercial Mortgage Trust
1.447% due 10/15/2038 •

 

6,600

 

6,498

MASTR Adjustable Rate Mortgages Trust

 

 

 

 

0.000% due 04/25/2034 ~

 

578

 

534

2.503% due 03/25/2035 ~

 

33

 

32

3.081% due 12/25/2035 •

 

4,243

 

4,388

Merrill Lynch Mortgage Investors Trust

 

 

 

 

1.017% due 07/25/2029 •

 

240

 

235

2.367% due 05/25/2029 ~

 

12

 

12

MFA Trust

 

 

 

 

1.014% due 01/26/2065 ~

 

3,389

 

3,319

1.324% due 01/26/2065 ~

 

923

 

905

1.381% due 04/25/2065 ~

 

5,958

 

5,877

1.632% due 01/26/2065 ~

 

1,773

 

1,739

1.638% due 04/25/2065 ~

 

2,463

 

2,431

Mill City Mortgage Loan Trust

 

 

 

 

2.750% due 07/25/2059 ~

 

3,806

 

3,788

2.750% due 08/25/2059 ~

 

997

 

988

Morgan Stanley Mortgage Loan Trust
1.992% due 06/25/2036 ~

 

3,107

 

3,221

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Natixis Commercial Mortgage Securities Trust
1.347% due 08/15/2038 •

 

900

 

878

New York Mortgage Trust
1.670% due 08/25/2061 þ

 

3,858

 

3,688

Nomura Asset Acceptance Corp. Alternative Loan Trust
0.707% due 06/25/2037 •

 

6,372

 

5,548

Nomura Resecuritization Trust
6.500% due 10/26/2037

 

2,018

 

1,239

One New York Plaza Trust
1.347% due 01/15/2036 •

 

6,100

 

6,016

Preston Ridge Partners Mortgage
3.720% due 02/25/2027 þ

 

4,723

 

4,647

PRET LLC
2.487% due 10/25/2051 ~

 

1,418

 

1,381

Pretium Mortgage Credit Partners LLC
1.992% due 02/25/2061 þ

 

2,177

 

2,083

RBSGC Mortgage Loan Trust
0.837% due 12/25/2034 •

 

1,578

 

1,425

RCO Mortgage LLC
1.868% due 05/26/2026 þ

 

1,167

 

1,137

Residential Accredit Loans, Inc. Trust

 

 

 

 

6.000% due 06/25/2036

 

1,527

 

1,450

6.000% due 12/25/2036 ^

 

1,185

 

1,101

6.500% due 07/25/2037 ^

 

2,657

 

2,517

Residential Asset Securitization Trust

 

 

 

 

1.007% due 08/25/2033 •

 

26

 

25

5.500% due 08/25/2034

 

1,573

 

1,586

Residential Funding Mortgage Securities, Inc. Trust
6.000% due 06/25/2036 ^

 

547

 

519

Sequoia Mortgage Trust

 

 

 

 

0.930% due 02/20/2035 ~•

 

661

 

632

1.149% due 07/20/2033 •

 

30

 

30

Starwood Mortgage Residential Trust

 

 

 

 

1.439% due 11/25/2055 ~

 

931

 

913

1.593% due 11/25/2055 ~

 

1,202

 

1,179

Thornburg Mortgage Securities Trust

 

 

 

 

2.886% due 10/25/2046 •

 

1,183

 

1,190

3.261% due 06/25/2037 •

 

272

 

267

Verus Securitization Trust

 

 

 

 

1.824% due 11/25/2066 ~

 

3,704

 

3,558

3.035% due 03/25/2060 ~

 

100

 

99

3.889% due 03/25/2060 ~

 

300

 

298

WaMu Mortgage Pass-Through Certificates Trust

 

 

 

 

1.723% due 10/25/2046 •

 

1,206

 

1,169

2.545% due 01/25/2037 ^~

 

2,873

 

2,754

2.999% due 07/25/2037 ^~

 

2,381

 

2,392

Washington Mutual Mortgage Pass-Through Certificates Trust

 

 

 

 

0.977% due 12/25/2035 •

 

7,674

 

7,334

1.111% due 05/25/2046 ^•

 

443

 

381

4.192% due 10/25/2036 ^þ

 

8,003

 

3,791

Wells Fargo Commercial Mortgage Trust

 

 

 

 

2.448% due 06/15/2053

 

13,900

 

13,012

3.451% due 02/15/2048

 

3,500

 

3,503

Wells Fargo Mortgage-Backed Securities Trust

 

 

 

 

2.840% due 08/25/2036 ^~

 

343

 

335

2.914% due 12/28/2037 ~

 

1,631

 

1,583

Worldwide Plaza Trust
3.526% due 11/10/2036

 

8,900

 

8,747

Total Non-Agency Mortgage-Backed Securities (Cost $306,183)

 

 

 

294,484

ASSET-BACKED SECURITIES 17.2%

 

 

 

 

510 Asset-Backed Trust
2.240% due 06/25/2061 þ

 

3,089

 

2,968

A10 Bridge Asset Financing LLC
2.021% due 08/15/2040

 

4,093

 

4,088

AASET Trust

 

 

 

 

2.798% due 01/15/2047

 

2,957

 

2,727

3.967% due 05/16/2042

 

1,827

 

1,546

AASET U.S. Ltd.
3.844% due 01/16/2038

 

1,821

 

1,275

ACE Securities Corp. Home Equity Loan Trust
0.957% due 10/25/2036 •

 

4,991

 

2,505

ACREC Ltd.
1.618% due 10/16/2036 •

 

2,000

 

1,970

Aegis Asset-Backed Securities Trust
1.177% due 08/25/2035 •

 

240

 

237

ALESCO Preferred Funding Ltd.

 

 

 

 

1.288% due 12/23/2036 •

 

1,052

 

984

1.708% due 09/23/2038 •

 

2,358

 

2,228

Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates
3.312% due 06/25/2033 •

 

3,707

 

3,687

Apex Credit CLO Ltd.
1.918% due 09/20/2029 ~•

 

3,000

 

2,984

Argent Securities Trust
0.837% due 03/25/2036 •

 

3,686

 

3,515

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Argent Securities, Inc. Asset-Backed Pass-Through Certificates
0.917% due 01/25/2036 •

 

5,699

 

5,495

Asset-Backed Funding Certificates Trust

 

 

 

 

0.597% due 10/25/2036 •

 

1,530

 

1,468

0.617% due 01/25/2037 ~•

 

2,075

 

1,369

0.937% due 09/25/2036 •

 

3,913

 

3,776

Asset-Backed Securities Corp. Home Equity Loan Trust

 

 

 

 

1.162% due 11/25/2035 •

 

3,000

 

2,979

1.267% due 06/25/2034 •

 

2,803

 

2,704

1.282% due 04/25/2034 •

 

799

 

775

3.622% due 08/15/2032 ~•

 

406

 

403

ASSURANT CLO Ltd.
1.294% due 10/20/2031 •

 

4,400

 

4,368

Atlas Senior Loan Fund Ltd.
1.391% due 01/16/2030 •

 

7,200

 

7,176

Atrium Corp.
1.089% due 04/22/2027 •

 

1,699

 

1,689

Bayview Opportunity Master Fund Trust
3.475% due 06/28/2034 þ

 

1,010

 

1,014

Bear Stearns Asset-Backed Securities Trust

 

 

 

 

0.687% due 11/25/2036 •

 

3,200

 

3,028

1.357% due 03/25/2034 •

 

2,385

 

2,360

1.432% due 12/25/2034 •

 

2,111

 

2,075

1.582% due 03/25/2035 •

 

800

 

795

Carlyle Global Market Strategies CLO Ltd.
1.409% due 08/14/2030 •

 

10,300

 

10,303

Carrington Mortgage Loan Trust

 

 

 

 

0.617% due 10/25/2036 •

 

2,821

 

2,635

0.717% due 02/25/2037 •

 

5,159

 

5,014

1.507% due 05/25/2035 •

 

5,100

 

5,052

Castlelake Aircraft Securitization Trust
4.125% due 06/15/2043

 

971

 

877

Cathedral Lake Ltd.
1.929% due 10/20/2030

 

9,000

 

8,697

CIT Mortgage Loan Trust

 

 

 

 

1.807% due 10/25/2037 •

 

1,131

 

1,133

1.957% due 10/25/2037 •

 

5,000

 

5,015

Citigroup Mortgage Loan Trust

 

 

 

 

0.777% due 09/25/2036 •

 

1,274

 

1,065

6.664% due 05/25/2036 þ

 

4,518

 

2,081

Citigroup Mortgage Loan Trust, Inc.

 

 

 

 

0.717% due 03/25/2037 •

 

264

 

250

1.132% due 10/25/2035 ^~•

 

746

 

742

1.357% due 01/25/2036 •

 

1,780

 

1,728

CLNC Ltd.
1.414% due 08/20/2035 ~•

 

4,615

 

4,567

Countrywide Asset-Backed Certificates

 

 

 

 

0.597% due 06/25/2035 •

 

3,400

 

3,244

0.597% due 05/25/2037 •

 

3,572

 

3,449

0.657% due 06/25/2047 ^•

 

8,318

 

7,695

0.677% due 09/25/2037 ^•

 

2,364

 

2,440

0.687% due 04/25/2047 •

 

6,800

 

6,400

Countrywide Asset-Backed Certificates Trust, Inc.

 

 

 

 

1.257% due 08/25/2047 •

 

1,036

 

1,031

1.507% due 09/25/2034 •

 

1,590

 

1,573

Diamond Issuer
2.305% due 11/20/2051

 

1,800

 

1,668

Dryden Senior Loan Fund
1.261% due 04/15/2029 •

 

8,454

 

8,430

ECMC Group Student Loan Trust
1.457% due 01/27/2070 •

 

4,928

 

4,941

EMC Mortgage Loan Trust
1.557% due 08/25/2040 ~•

 

1,036

 

1,032

First Franklin Mortgage Loan Asset-Backed Certificates
1.282% due 05/25/2034 ~•

 

1,940

 

1,904

First Franklin Mortgage Loan Trust

 

 

 

 

0.567% due 12/25/2037 •

 

3,281

 

3,183

0.777% due 10/25/2036 •

 

3,591

 

2,738

1.057% due 11/25/2035 •

 

295

 

288

1.642% due 12/25/2034 •

 

1,475

 

1,462

1.882% due 10/25/2034 •

 

1,272

 

1,267

Fremont Home Loan Trust

 

 

 

 

1.327% due 11/25/2034 •

 

6,238

 

5,842

1.507% due 11/25/2034 •

 

493

 

487

Galaxy CLO Ltd.
1.211% due 10/15/2030 •

 

700

 

695

GSAA Home Equity Trust
0.897% due 03/25/2047 •

 

3,178

 

1,484

GSAMP Trust

 

 

 

 

1.207% due 01/25/2034 •

 

1,105

 

1,086

1.237% due 07/25/2045 •

 

3,537

 

3,523

2.332% due 08/25/2034 •

 

4,885

 

4,823

Hertz Vehicle Financing LLC

 

 

 

 

1.990% due 06/25/2026

 

2,300

 

2,210

2.330% due 06/26/2028

 

4,700

 

4,406

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Home Equity Asset Trust
0.937% due 08/25/2037 •

 

1,318

 

1,295

Home Equity Mortgage Loan Asset-Backed Trust

 

 

 

 

0.647% due 07/25/2037 •

 

8,501

 

4,356

0.697% due 11/25/2036 •

 

6,129

 

5,212

Horizon Aircraft Finance Ltd.
3.721% due 07/15/2039

 

4,338

 

3,876

IXIS Real Estate Capital Trust
1.087% due 02/25/2036 •

 

574

 

597

JP Morgan Mortgage Acquisition Corp.
1.042% due 05/25/2035 •

 

3,386

 

3,369

JP Morgan Mortgage Acquisition Trust

 

 

 

 

0.837% due 07/25/2036 •

 

1,100

 

1,079

0.907% due 07/25/2036 •

 

1,510

 

1,451

KDAC Aviation Finance Ltd.
4.212% due 12/15/2042

 

3,761

 

3,299

KKR CLO Ltd.
1.191% due 07/15/2030 •

 

10,000

 

9,885

LCCM Trust

 

 

 

 

1.597% due 12/13/2038 •

 

2,900

 

2,875

1.847% due 11/15/2038 •

 

3,000

 

2,972

LCM LP
1.254% due 07/20/2030 •

 

10,000

 

9,894

Lehman XS Trust

 

 

 

 

5.022% due 06/25/2036 þ

 

2,643

 

2,745

6.260% due 11/25/2035 þ

 

3,649

 

2,237

LL ABS Trust
1.070% due 05/15/2029

 

1,342

 

1,307

LoanCore Issuer Ltd.
1.697% due 11/15/2038 •

 

3,300

 

3,282

Long Beach Mortgage Loan Trust

 

 

 

 

1.507% due 06/25/2035 •

 

5,544

 

5,505

1.607% due 09/25/2034 •

 

705

 

705

Lunar Aircraft Ltd.
3.376% due 02/15/2045

 

2,336

 

2,102

Magnetite Ltd.
1.386% due 11/15/2028 •

 

3,380

 

3,356

Marathon CLO Ltd.
1.391% due 04/15/2029 •

 

2,776

 

2,767

Marble Point CLO Ltd.
1.281% due 10/15/2030 ~•

 

4,200

 

4,182

Merrill Lynch Mortgage Investors Trust
4.270% due 02/25/2037 ^þ

 

12,585

 

2,247

METAL LLC
4.581% due 10/15/2042

 

3,074

 

2,557

MF1 Ltd.

 

 

 

 

1.400% due 02/19/2037 •

 

7,300

 

7,250

2.143% due 11/15/2035 •

 

7,400

 

7,414

MKS CLO Ltd.
1.254% due 07/20/2030 ~•

 

3,800

 

3,802

Morgan Stanley ABS Capital, Inc. Trust

 

 

 

 

0.527% due 10/25/2036 •

 

77

 

42

0.587% due 01/25/2037 ~•

 

1,904

 

1,084

0.597% due 05/25/2037 •

 

129

 

118

0.607% due 10/25/2036 ~•

 

308

 

189

0.677% due 11/25/2036 •

 

3,130

 

1,827

0.707% due 08/25/2036 ~•

 

14,551

 

8,825

0.957% due 07/25/2036 •

 

1,591

 

759

1.117% due 11/25/2035 •

 

5,500

 

5,415

1.237% due 01/25/2035 •

 

145

 

143

1.372% due 07/25/2034 ~•

 

970

 

957

1.707% due 07/25/2037 •

 

6,420

 

6,228

Morgan Stanley Mortgage Loan Trust
5.965% due 09/25/2046 ^þ

 

2,937

 

1,424

Mountain View CLO LLC
1.331% due 10/16/2029 •

 

3,801

 

3,801

Navient Private Education Loan Trust

 

 

 

 

1.330% due 04/15/2069

 

4,379

 

4,111

1.847% due 07/16/2040 •

 

1,540

 

1,544

Navient Private Education Refi Loan Trust
1.310% due 01/15/2069

 

1,760

 

1,705

New Century Home Equity Loan Trust
1.342% due 08/25/2034 •

 

1,061

 

1,041

Nomura Home Equity Loan, Inc. Home Equity Loan Trust
1.222% due 05/25/2035 •

 

1,300

 

1,283

Octane Receivables Trust
1.210% due 09/20/2028

 

7,232

 

7,055

Option One Mortgage Loan Trust

 

 

 

 

0.637% due 04/25/2037 •

 

2,410

 

1,420

0.737% due 07/25/2036 •~

 

2,228

 

1,472

Pagaya AI Debt Selection Trust
1.150% due 05/15/2029

 

2,505

 

2,455

Palmer Square Loan Funding Ltd.

 

 

 

 

0.928% due 10/15/2029 •

 

5,800

 

5,751

1.280% due 02/20/2028 •

 

3,392

 

3,393

1.330% due 08/20/2027 •

 

2,379

 

2,375

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

PRET LLC

 

 

 

 

1.744% due 07/25/2051 þ

 

2,000

 

1,905

1.868% due 07/25/2051 þ

 

4,267

 

4,059

Raptor Aircraft Finance LLC
4.213% due 08/23/2044

 

2,230

 

1,848

Renaissance Home Equity Loan Trust

 

 

 

 

0.837% due 11/25/2035 •

 

919

 

850

5.586% due 11/25/2036 þ

 

662

 

302

5.608% due 05/25/2036 þ

 

14,003

 

8,443

5.812% due 11/25/2036 þ

 

12,200

 

5,785

5.893% due 06/25/2037 ^þ

 

2,722

 

1,050

6.115% due 08/25/2036 þ

 

8,710

 

4,544

6.120% due 11/25/2036 þ

 

1,166

 

581

Residential Asset Mortgage Products Trust

 

 

 

 

0.967% due 03/25/2036 ~•

 

1,780

 

1,750

2.482% due 03/25/2032 •

 

952

 

920

Residential Asset Securities Corp. Trust

 

 

 

 

0.677% due 02/25/2037 •

 

5,396

 

5,177

S-Jets Ltd.
3.967% due 08/15/2042

 

4,498

 

3,822

Santander Retail Auto Lease Trust
2.510% due 01/26/2032

 

3,500

 

3,435

Sapphire Aviation Finance Ltd.
4.250% due 03/15/2040

 

2,822

 

2,425

Saranac CLO Ltd.
1.646% due 08/13/2031 •

 

8,500

 

8,472

Saxon Asset Securities Trust

 

 

 

 

1.237% due 05/25/2035 •

 

595

 

520

1.252% due 03/25/2035 ^•

 

452

 

437

2.182% due 12/26/2034 •

 

1,773

 

1,675

2.207% due 12/25/2037 •

 

703

 

701

Securitized Asset-Backed Receivables LLC Trust

 

 

 

 

1.037% due 12/25/2035 •

 

2,295

 

2,257

1.237% due 02/25/2034 •

 

3,129

 

3,086

Shackleton CLO Ltd.
1.174% due 10/20/2027 •

 

783

 

779

Signal Peak CLO Ltd.
1.368% due 04/25/2031 •

 

3,750

 

3,729

SLM Private Credit Student Loan Trust

 

 

 

 

1.096% due 12/15/2039 ~•

 

2,948

 

2,823

1.136% due 12/15/2038 •

 

513

 

503

SLM Student Loan Trust

 

 

 

 

1.008% due 04/25/2023 •

 

2,700

 

2,654

1.158% due 07/25/2023 •

 

4,084

 

4,044

1.758% due 04/25/2023 •

 

2,740

 

2,747

1.958% due 07/25/2023 •

 

1,823

 

1,830

SMB Private Education Loan Trust
1.307% due 09/15/2054 •

 

3,743

 

3,713

Sound Point CLO Ltd.

 

 

 

 

1.159% due 01/23/2029 •

 

9,390

 

9,398

1.238% due 07/25/2030 •

 

12,100

 

12,116

1.304% due 10/20/2028 •

 

16,969

 

16,940

1.464% due 07/20/2032 •

 

13,000

 

12,959

Soundview Home Loan Trust
0.707% due 07/25/2037 •

 

4,373

 

3,825

Specialty Underwriting & Residential Finance Trust

 

 

 

 

0.757% due 09/25/2037 •

 

7,109

 

5,599

2.062% due 02/25/2035 •

 

5

 

5

Sprite Ltd.
4.250% due 12/15/2037

 

27

 

27

Starwood Commercial Mortgage Trust
1.668% due 04/18/2038 •

 

10,100

 

10,037

Stonepeak ABS
2.301% due 02/28/2033

 

1,012

 

955

Structured Asset Investment Loan Trust

 

 

 

 

0.629% due 07/25/2036 •

 

5,310

 

3,760

1.087% due 11/25/2035 •

 

3,098

 

3,032

1.162% due 03/25/2034 •

 

2,787

 

2,701

1.957% due 11/25/2034 •

 

5,227

 

5,229

Structured Asset Securities Corp. Mortgage Loan Trust

 

 

 

 

1.327% due 07/25/2035 •

 

3,693

 

3,662

1.492% due 07/25/2035 •

 

2,915

 

2,869

Theorem Funding Trust

 

 

 

 

1.210% due 12/15/2027

 

2,608

 

2,571

1.850% due 02/15/2028

 

2,086

 

2,062

THL Credit Wind River Clo Ltd.
1.321% due 04/15/2031 •

 

9,000

 

8,936

TICP CLO Ltd.
1.094% due 04/20/2028 •

 

4,147

 

4,145

TPG Real Estate Finance Issuer Ltd.
1.700% due 02/15/2039 •

 

5,000

 

4,969

TPG Real Estate Finance Ltd.
1.641% due 03/15/2038 •

 

8,300

 

8,220

Venture CLO Ltd.

 

 

 

 

1.121% due 04/15/2027 •

 

6,689

 

6,688

1.154% due 10/20/2028 •

 

5,282

 

5,262

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

1.244% due 07/20/2030 •

 

5,000

 

5,001

1.274% due 04/20/2029 •

 

10,313

 

10,318

1.301% due 07/15/2031 •

 

4,700

 

4,673

1.304% due 07/20/2030 •

 

3,800

 

3,799

1.496% due 09/07/2030 •

 

10,650

 

10,646

1.538% due 08/28/2029 •

 

12,654

 

12,656

Vertical Bridge Holdings LLC

 

 

 

 

2.636% due 09/15/2050

 

8,000

 

7,602

3.706% due 02/15/2057

 

2,400

 

2,343

Vibrant CLO Ltd.
1.294% due 09/15/2030 •

 

9,000

 

8,984

Voya CLO Ltd.
1.241% due 10/15/2030 •

 

3,000

 

2,966

WaMu Asset-Backed Certificates WaMu Trust
0.682% due 05/25/2037 •

 

2,384

 

2,280

WAVE LLC
3.597% due 09/15/2044

 

4,293

 

3,806

Wellfleet CLO Ltd.

 

 

 

 

1.144% due 04/20/2029 •

 

1,538

 

1,538

1.144% due 07/20/2029 •

 

896

 

891

Wells Fargo Home Equity Asset-Backed Securities Trust

 

 

 

 

1.207% due 12/25/2035 •

 

3,100

 

3,057

3.007% due 04/25/2035 •

 

131

 

130

Wells Fargo Home Equity Trust Mortgage Pass-Through Certificates
1.057% due 04/25/2034 •

 

84

 

82

Total Asset-Backed Securities (Cost $675,844)

 

 

 

668,288

SOVEREIGN ISSUES 0.6%

 

 

 

 

Chile Government International Bond

 

 

 

 

2.750% due 01/31/2027

 

1,900

 

1,861

4.000% due 01/31/2052

 

1,800

 

1,781

Mexico Government International Bond
5.750% due 10/12/2110

 

4,000

 

4,070

Qatar Government International Bond

 

 

 

 

3.875% due 04/23/2023

 

4,000

 

4,075

4.817% due 03/14/2049

 

250

 

297

Saudi Government International Bond
4.000% due 04/17/2025

 

9,500

 

9,869

Total Sovereign Issues (Cost $21,666)

 

 

 

21,953

 

 

SHARES

 

 

PREFERRED SECURITIES 4.2%

 

 

 

 

FINANCIALS 3.1%

 

 

 

 

American AgCredit Corp.
5.250% due 06/15/2026 •(f)

 

4,000,000

 

3,960

American Express Co.
3.550% due 09/15/2026 •(f)

 

5,000,000

 

4,569

Bank of America Corp.
5.875% due 03/15/2028 •(f)

 

5,300,000

 

5,359

Bank of New York Mellon Corp.
4.700% due 09/20/2025 •(f)

 

2,400,000

 

2,464

Capital Farm Credit ACA
5.000% due 03/15/2026 •(f)

 

3,300,000

 

3,267

Capital One Financial Corp.
3.950% due 09/01/2026 •(f)

 

4,000,000

 

3,730

Charles Schwab Corp.

 

 

 

 

4.000% due 12/01/2030 •(f)

 

11,000,000

 

9,893

5.000% due 12/01/2027 •(f)

 

5,500,000

 

5,318

5.375% due 06/01/2025 •(f)

 

2,000,000

 

2,070

Citigroup, Inc.

 

 

 

 

4.000% due 12/10/2025 •(f)

 

5,100,000

 

4,909

5.000% due 09/12/2024 •(f)

 

1,500,000

 

1,489

CoBank ACB
4.250% due 01/01/2027 •(f)

 

1,700,000

 

1,602

Farm Credit Bank of Texas
5.700% due 09/15/2025 •(f)

 

4,250,000

 

4,463

Goldman Sachs Group, Inc.

 

 

 

 

3.650% due 08/10/2026 •(f)

 

11,600,000

 

10,643

3.800% due 05/10/2026 •(f)

 

1,400,000

 

1,301

JPMorgan Chase & Co.

 

 

 

 

5.000% due 08/01/2024 •(f)

 

4,100,000

 

4,089

6.100% due 10/01/2024 •(f)

 

7,700,000

 

7,897

Northern Trust Corp.
4.600% due 10/01/2026 •(f)

 

8,700,000

 

8,754

PNC Financial Services Group, Inc.
3.400% due 09/15/2026 •(f)

 

5,000,000

 

4,515

State Street Corp.

 

 

 

 

4.423% (US0003M + 3.597%) due 06/15/2022 ~(f)

 

167,000

 

168

5.625% due 12/15/2023 •(f)(l)

 

5,000,000

 

4,965

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

SVB Financial Group
4.100% due 02/15/2031 •(f)

 

2,800,000

 

2,394

Truist Financial Corp.
5.100% due 03/01/2030 •(f)

 

5,000,000

 

5,095

U.S. Bancorp
5.300% due 04/15/2027 •(f)

 

700,000

 

692

Wells Fargo & Co.

 

 

 

 

5.875% due 06/15/2025 •(f)

 

700,000

 

733

5.900% due 06/15/2024 •(f)

 

15,000,000

 

15,150

 

 

 

 

119,489

INDUSTRIALS 0.3%

 

 

 

 

Energy Transfer LP
6.750% due 05/15/2025 •(f)

 

3,000,000

 

2,929

General Electric Co.
4.156% (US0003M + 3.330%) due 06/15/2022 ~(f)

 

9,800,000

 

9,432

 

 

 

 

12,361

UTILITIES 0.8%

 

 

 

 

AT&T Mobility LLC
7.000% due 10/20/2022 (f)(h)

 

1,196,060

 

31,159

Total Preferred Securities (Cost $168,700)

 

 

 

163,009

 

 

PRINCIPAL
AMOUNT
(000s)

 

 

SHORT-TERM INSTRUMENTS 0.3%

 

 

 

 

REPURCHASE AGREEMENTS (i) 0.1%

 

 

 

3,884

U.S. TREASURY BILLS 0.2%

 

 

 

 

0.066% due 04/14/2022 - 04/26/2022 (d)(e)(l)(n)

 

7,034

 

7,034

Total Short-Term Instruments (Cost $10,917)

 

 

 

10,918

Total Investments in Securities (Cost $4,716,478)

 

 

 

4,608,441

Total Investments 118.6% (Cost $4,716,478)

 

 

$

4,608,441

Financial Derivative Instruments (j)(m) (0.2)%(Cost or Premiums, net $2,733)

 

 

 

(7,096)

Other Assets and Liabilities, net (18.3)%

 

 

 

(714,546)

Net Assets 100.0%

 

 

$

3,886,799

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 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)

Coupon represents a weighted average yield to maturity.

(e)

Zero coupon security.

(f)

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

(g)

Contingent convertible security.

(h)

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

$

32,351

$

31,159

0.80

%

Deutsche Bank AG

2.129

 

11/24/2026

11/17/2020

 

2,000

 

1,856

0.05

 

Deutsche Bank AG

3.035

 

05/28/2032

06/11/2021 – 08/31/2021

 

13,038

 

11,433

0.29

 

Deutsche Bank AG

3.729

 

01/14/2032

01/11/2021 – 01/25/2021

 

2,201

 

1,965

0.05

 

Morgan Stanley

0.000

 

04/02/2032

02/11/2020

 

7,779

 

6,662

0.17

 

Puget Energy, Inc.

4.224

 

03/15/2032

03/14/2022

 

3,000

 

3,010

0.08

 

 

 

 

 

$

60,369

$

56,085

1.44%

BORROWINGS AND OTHER FINANCING TRANSACTIONS

(i)

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

0.010%

03/31/2022

04/01/2022

$

3,884

U.S. Treasury Notes 0.375% due 09/15/2024

$

(3,961)

$

3,884

$

3,884

Total Repurchase Agreements

 

$

(3,961)

$

3,884

$

3,884

REVERSE REPURCHASE AGREEMENTS:

Counterparty

Borrowing Rate(2)

Settlement Date

Maturity Date

 

Amount
Borrowed
(2)

 

Payable for
Reverse
Repurchase
Agreements

BOM

0.260%

03/31/2022

04/01/2022

$

(96,625)

$

(96,625)

BOS

0.300

03/31/2022

04/01/2022

 

(40,196)

 

(40,196)

JPS

0.180

03/18/2022

04/22/2022

 

(6,480)

 

(6,480)

Total Reverse Repurchase Agreements

 

 

 

 

 

$

(143,301)

(1)

Includes accrued interest.

(2)

The average amount of borrowings outstanding during the period ended March 31, 2022 was $(25,294) at a weighted average interest rate of (.036). Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.

(j)

Securities with an aggregate market value of $143,638 have been pledged as collateral under the terms of master agreements as of March 31, 2022.

(k)

FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

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 Long-Term Bond June Futures

06/2022

 

1,028

$

(139,262)

 

$

1,614

$

0

$

(418)

U.S. Treasury Ultra Long-Term Bond June Futures

06/2022

 

223

 

(39,499)

 

 

1,589

 

0

 

(237)

United Kingdom Long Gilt June Futures

06/2022

 

584

 

(93,004)

 

 

1,016

 

92

 

(322)

Total Futures Contracts

 

$

4,219

$

92

$

(977)

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
March 31, 2022
(2)

 

Notional
Amount
(3)

 

Premiums
Paid/
(Received)

 

Unrealized
Appreciation/
(Depreciation)

 

Market
Value
(4)

 

Asset

 

Liability

AES Corp.

5.000%

Quarterly

06/20/2026

1.041

%

$

3,400

$

695

$

(154)

$

541

$

5

$

0

American International Group, Inc.

1.000

Quarterly

12/20/2026

0.643

 

 

1,400

 

30

 

(7)

 

23

 

2

 

0

Bank of America Corp.

1.000

Quarterly

12/20/2022

0.308

 

 

23,600

 

174

 

(48)

 

126

 

2

 

0

Boeing Co.

1.000

Quarterly

06/20/2023

0.822

 

 

13,800

 

55

 

(21)

 

34

 

0

 

(1)

Boeing Co.

1.000

Quarterly

12/20/2023

0.955

 

 

1,800

 

12

 

(10)

 

2

 

0

 

(1)

Boeing Co.

1.000

Quarterly

06/20/2026

1.341

 

 

1,500

 

(11)

 

(9)

 

(20)

 

0

 

0

Boeing Co.

1.000

Quarterly

12/20/2026

1.428

 

 

5,300

 

(22)

 

(75)

 

(97)

 

0

 

(2)

British Telecommunications PLC

1.000

Quarterly

12/20/2027

1.151

 

EUR

200

 

(1)

 

(1)

 

(2)

 

0

 

(1)

British Telecommunications PLC

1.000

Quarterly

06/20/2028

1.269

 

 

8,200

 

(50)

 

(92)

 

(142)

 

0

 

(29)

British Telecommunications PLC

1.000

Quarterly

12/20/2028

1.368

 

 

800

 

(10)

 

(10)

 

(20)

 

0

 

(3)

Citigroup, Inc.

1.000

Quarterly

12/20/2022

0.388

 

$

8,600

 

62

 

(21)

 

41

 

0

 

0

Devon Energy Corp.

1.000

Quarterly

12/20/2026

0.997

 

 

2,000

 

(16)

 

17

 

1

 

0

 

(1)

Energy Transfer Operating LP

1.000

Quarterly

12/20/2025

0.816

 

 

1,100

 

(14)

 

22

 

8

 

0

 

(1)

Ford Motor Co.

5.000

Quarterly

06/20/2022

0.991

 

 

1,800

 

67

 

(48)

 

19

 

0

 

0

General Electric Co.

1.000

Quarterly

12/20/2026

0.791

 

 

700

 

8

 

(1)

 

7

 

0

 

0

General Motors Co.

5.000

Quarterly

12/20/2026

1.638

 

 

5,600

 

1,108

 

(286)

 

822

 

3

 

0

Hess Corp.

1.000

Quarterly

06/20/2026

0.940

 

 

3,600

 

(86)

 

96

 

10

 

0

 

0

JPMorgan Chase & Co.

1.000

Quarterly

12/20/2022

0.325

 

 

8,600

 

64

 

(19)

 

45

 

0

 

0

Morgan Stanley

1.000

Quarterly

12/20/2022

0.382

 

 

1,700

 

12

 

(4)

 

8

 

0

 

0

Rolls-Royce PLC

1.000

Quarterly

06/20/2025

1.602

 

EUR

6,000

 

(982)

 

858

 

(124)

 

0

 

(6)

Rolls-Royce PLC

1.000

Quarterly

12/20/2025

1.829

 

 

1,400

 

(142)

 

96

 

(46)

 

0

 

(3)

Rolls-Royce PLC

1.000

Quarterly

06/20/2026

1.999

 

 

2,100

 

(215)

 

122

 

(93)

 

0

 

(2)

Stellantis NV

5.000

Quarterly

12/20/2026

1.378

 

 

800

 

185

 

(37)

 

148

 

0

 

0

Telefonica Emisiones SAU

1.000

Quarterly

06/20/2028

0.968

 

 

300

 

0

 

1

 

1

 

0

 

0

Tesco PLC

1.000

Quarterly

06/20/2028

0.902

 

 

900

 

1

 

5

 

6

 

1

 

0

Valeo SA

1.000

Quarterly

06/20/2026

2.012

 

 

1,800

 

(25)

 

(56)

 

(81)

 

0

 

0

Valeo SA

1.000

Quarterly

06/20/2028

2.686

 

 

2,500

 

(106)

 

(154)

 

(260)

 

0

 

(2)

Verizon Communications, Inc.

1.000

Quarterly

06/20/2026

0.716

 

$

900

 

20

 

(10)

 

10

 

0

 

0

Verizon Communications, Inc.

1.000

Quarterly

12/20/2026

0.785

 

 

5,600

 

132

 

(77)

 

55

 

0

 

(4)

Williams Cos., Inc.

1.000

Quarterly

12/20/2026

0.720

 

 

2,600

 

19

 

14

 

33

 

0

 

(1)

 

 

 

 

 

 

$

964

$

91

$

1,055

$

13

$

(57)

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 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

$

5,900

$

140

$

(31)

$

109

$

1

$

0

CDX.IG-37 5-Year Index

1.000

Quarterly

12/20/2026

 

50,700

 

1,143

 

(259)

 

884

 

0

 

(6)

CDX.IG-38 5-Year Index

1.000

Quarterly

06/20/2027

 

69,200

 

991

 

141

 

1,132

 

0

 

(4)

iTraxx Asia Ex-Japan 37 5-Year Index

1.000

Quarterly

06/20/2027

 

1,800

 

(9)

 

9

 

0

 

0

 

(2)

 

 

 

 

 

$

2,265

$

(140)

$

2,125

$

1

$

(12)

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 CAD-Bank Bill

0.980%

Semi-Annual

02/26/2024

CAD

228,000

$

92

$

(5,858)

$

(5,766)

$

133

$

0

Pay

3-Month CAD-Bank Bill

0.880

Semi-Annual

03/03/2024

 

44,800

 

3

 

(1,223)

 

(1,220)

 

25

 

0

Pay

3-Month CAD-Bank Bill

1.275

Semi-Annual

03/03/2025

 

46,700

 

0

 

(1,603)

 

(1,603)

 

39

 

0

Pay

3-Month CAD-Bank Bill

1.276

Semi-Annual

03/03/2025

 

28,000

 

0

 

(960)

 

(960)

 

24

 

0

Pay

3-Month CAD-Bank Bill

1.290

Semi-Annual

03/03/2025

 

14,000

 

0

 

(476)

 

(476)

 

12

 

0

Pay

3-Month CAD-Bank Bill

1.235

Semi-Annual

03/04/2025

 

42,400

 

29

 

(1,525)

 

(1,496)

 

36

 

0

Pay

3-Month CAD-Bank Bill

1.900

Semi-Annual

12/18/2029

 

3,500

 

147

 

(318)

 

(171)

 

10

 

0

Pay

CPURNSA

2.670

Maturity

05/05/2026

$

61,000

 

0

 

(5,162)

 

(5,162)

 

410

 

0

Pay

CPURNSA

2.596

Maturity

07/09/2026

 

7,300

 

0

 

(578)

 

(578)

 

50

 

0

Pay

CPURNSA

2.573

Maturity

07/13/2026

 

7,300

 

0

 

(582)

 

(582)

 

50

 

0

Pay

UKRPI

3.686

Maturity

06/15/2031

GBP

22,200

 

0

 

(4,616)

 

(4,616)

 

0

 

(379)

Pay

UKRPI

3.708

Maturity

07/15/2031

 

11,100

 

0

 

(2,278)

 

(2,278)

 

0

 

(182)

Pay

UKRPI

3.858

Maturity

09/15/2031

 

11,500

 

0

 

(1,899)

 

(1,899)

 

0

 

(184)

 

 

 

 

 

 

$

271

$

(27,078)

$

(26,807)

$

789

$

(745)

Total Swap Agreements

$

3,500

$

(27,127)

$

(23,627)

$

803

$

(814)

(l)

Securities with an aggregate market value of $27,987 and cash of $18,907 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 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.

(m)

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

04/2022

CAD

4,565

$

3,609

$

3

$

(46)

 

04/2022

EUR

2,068

 

2,297

 

17

 

(8)

 

04/2022

GBP

3,060

 

4,102

 

83

 

0

 

04/2022

$

8,286

CAD

10,341

 

0

 

(14)

 

04/2022

 

1,549

GBP

1,171

 

0

 

(11)

HUS

04/2022

CAD

2,035

$

1,617

 

0

 

(11)

 

04/2022

GBP

4,178

 

5,570

 

81

 

0

 

04/2022

$

6,265

GBP

4,771

 

9

 

(6)

TOR

04/2022

CAD

7,755

$

6,115

 

0

 

(88)

Total Forward Foreign Currency Contracts

$

193

$

(184)

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

PURCHASED OPTIONS:

OPTIONS ON SECURITIES

Counterparty

Description

 

Strike
Price

Expiration
Date

 

 

Notional
Amount
(1)

 

Cost

 

Market
Value

BOA

Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 04/01/2052

$

100.656

04/06/2022

 

 

26,100

$

163

$

1,362

JPM

Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 04/01/2052

 

98.852

04/06/2022

 

 

8,300

 

62

 

283

 

Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 04/01/2052

 

99.078

04/06/2022

 

 

11,800

 

88

 

430

 

Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 04/01/2052

 

99.586

04/06/2022

 

 

12,400

 

92

 

515

 

Put - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 05/01/2052

 

100.484

05/05/2022

 

 

11,800

 

99

 

350

SAL

Put - OTC Uniform Mortgage-Backed Security, TBA 2.000% due 04/01/2052

 

98.352

04/06/2022

 

 

86,900

 

706

 

4,798

Total Purchased Options

$

1,210

$

7,738

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-37 5-Year Index

Sell

0.900%

04/20/2022

 

19,000

$

(23)

$

(3)

 

Put - OTC CDX.IG-37 5-Year Index

Sell

0.900

05/18/2022

 

19,800

 

(17)

 

(10)

BRC

Put - OTC CDX.HY-37 5-Year Index

Sell

100.000

04/20/2022

 

1,100

 

(7)

 

(1)

 

Put - OTC CDX.IG-37 5-Year Index

Sell

0.900

04/20/2022

 

18,700

 

(24)

 

(3)

 

Put - OTC CDX.IG-37 5-Year Index

Sell

0.900

05/18/2022

 

9,700

 

(11)

 

(5)

CBK

Put - OTC CDX.IG-37 5-Year Index

Sell

0.850

05/18/2022

 

9,600

 

(11)

 

(6)

DUB

Put - OTC CDX.HY-37 5-Year Index

Sell

101.000

04/20/2022

 

5,500

 

(22)

 

(4)

 

Put - OTC CDX.HY-37 5-Year Index

Sell

100.000

05/18/2022

 

2,400

 

(13)

 

(5)

 

Put - OTC CDX.IG-37 5-Year Index

Sell

0.950

04/20/2022

 

9,700

 

(11)

 

(1)

 

Put - OTC CDX.IG-37 5-Year Index

Sell

0.950

05/18/2022

 

9,500

 

(11)

 

(4)

GST

Put - OTC CDX.HY-37 5-Year Index

Sell

101.000

05/18/2022

 

2,400

 

(15)

 

(6)

 

Put - OTC CDX.IG-37 5-Year Index

Sell

0.850

04/20/2022

 

9,700

 

(11)

 

(2)

 

Put - OTC CDX.IG-37 5-Year Index

Sell

0.900

04/20/2022

 

9,200

 

(15)

 

(1)

 

Put - OTC CDX.IG-37 5-Year Index

Sell

0.950

04/20/2022

 

9,700

 

(11)

 

(1)

 

Put - OTC CDX.IG-37 5-Year Index

Sell

1.050

05/18/2022

 

9,700

 

(15)

 

(3)

JPM

Put - OTC CDX.IG-37 5-Year Index

Sell

0.900

04/20/2022

 

9,200

 

(14)

 

(1)

 

Put - OTC CDX.IG-37 5-Year Index

Sell

0.950

04/20/2022

 

9,200

 

(12)

 

(1)

 

Put - OTC CDX.IG-37 5-Year Index

Sell

0.850

05/18/2022

 

9,700

 

(11)

 

(6)

MYC

Put - OTC CDX.HY-37 5-Year Index

Sell

100.000

04/20/2022

 

1,100

 

(6)

 

(1)

 

Put - OTC CDX.HY-37 5-Year Index

Sell

101.000

04/20/2022

 

1,900

 

(8)

 

(1)

 

Put - OTC CDX.HY-37 5-Year Index

Sell

104.000

04/20/2022

 

2,400

 

(17)

 

(5)

 

Put - OTC CDX.IG-37 5-Year Index

Sell

0.900

04/20/2022

 

7,900

 

(15)

 

(1)

 

Put - OTC CDX.IG-37 5-Year Index

Sell

0.950

04/20/2022

 

9,200

 

(12)

 

(1)

 

 

 

 

 

 

 

$

(312)

$

(72)

OPTIONS ON SECURITIES

Counterparty

Description

 

Strike
Price

Expiration
Date

 

 

Notional
Amount
(1)

 

Premiums
(Received)

 

Market
Value

BOA

Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 04/01/2052

$

99.656

04/06/2022

 

 

26,100

$

(90)

$

(1,101)

 

Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 04/01/2052

 

100.156

04/06/2022

 

 

26,100

 

(122)

 

(1,231)

JPM

Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 04/01/2052

 

97.852

04/06/2022

 

 

8,300

 

(32)

 

(200)

 

Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 04/01/2052

 

98.078

04/06/2022

 

 

11,800

 

(46)

 

(312)

 

Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 04/01/2052

 

98.352

04/06/2022

 

 

8,300

 

(46)

 

(242)

 

Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 04/01/2052

 

98.453

04/06/2022

 

 

11,800

 

(50)

 

(356)

 

Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 04/01/2052

 

98.547

04/06/2022

 

 

12,400

 

(48)

 

(386)

 

Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 04/01/2052

 

98.578

04/06/2022

 

 

11,800

 

(66)

 

(371)

 

Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 04/01/2052

 

98.586

04/06/2022

 

 

12,400

 

(48)

 

(390)

 

Put - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 04/01/2052

 

99.086

04/06/2022

 

 

12,400

 

(66)

 

(452)

 

Put - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 05/01/2052

 

99.484

05/05/2022

 

 

11,800

 

(55)

 

(249)

 

Put - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 05/01/2052

 

99.984

05/05/2022

 

 

11,800

 

(75)

 

(298)

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

SAL

Put - OTC Uniform Mortgage-Backed Security, TBA 2.000% due 04/01/2052

 

97.352

04/06/2022

 

 

86,900

 

(441)

 

(3,929)

 

Put - OTC Uniform Mortgage-Backed Security, TBA 2.000% due 04/01/2052

 

97.852

04/06/2022

 

 

86,900

 

(523)

 

(4,364)

 

 

 

 

 

 

 

 

$

(1,708)

$

(13,881)

Total Written Options

$

(2,020)

$

(13,953)

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
March 31, 2022
(3)

 

Notional
Amount
(4)

 

Premiums
Paid/(Received)

 

Unrealized
Appreciation/
(Depreciation)

 

Asset

 

Liability

GST

Springleaf Finance Corp.

5.000%

Quarterly

06/20/2022

0.872%

$

500

$

43

$

(37)

$

6

$

0

Total Swap Agreements

$

43

$

(37)

$

6

$

0

(n)

Securities with an aggregate market value of $7,454 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2022.

(1)

Notional Amount represents the number of contracts.

(2)

If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

(3)

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on 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.

FAIR VALUE MEASUREMENTS

The following is a summary of the fair valuations according to the inputs used as of March 31, 2022 in valuing the Fund's assets and liabilities:

 

Category and Subcategory

Level 1

Level 2

Level 3

Fair Value
at 03/31/2022

Investments in Securities, at Value

Loan Participations and Assignments

$

0

$

20,986

$

6,263

$

27,249

 

Corporate Bonds & Notes

 

Banking & Finance

 

1,998

 

890,893

 

0

 

892,891

 

 

Industrials

 

0

 

457,546

 

0

 

457,546

 

 

Utilities

 

0

 

84,947

 

0

 

84,947

 

Municipal Bonds & Notes

 

California

 

0

 

28,255

 

0

 

28,255

 

 

Florida

 

0

 

7,864

 

0

 

7,864

 

 

Georgia

 

0

 

1,470

 

0

 

1,470

 

 

Illinois

 

0

 

7,912

 

0

 

7,912

 

 

Michigan

 

0

 

2,138

 

0

 

2,138

 

 

New Jersey

 

0

 

5,937

 

0

 

5,937

 

 

New York

 

0

 

8,387

 

0

 

8,387

 

 

Texas

 

0

 

5,637

 

0

 

5,637

 

 

Virginia

 

0

 

4,916

 

0

 

4,916

 

 

West Virginia

 

0

 

6,933

 

0

 

6,933

 

U.S. Government Agencies

 

0

 

927,572

 

0

 

927,572

 

U.S. Treasury Obligations

 

0

 

980,135

 

0

 

980,135

 

Non-Agency Mortgage-Backed Securities

 

0

 

294,484

 

0

 

294,484

 

Asset-Backed Securities

 

0

 

668,288

 

0

 

668,288

 

Sovereign Issues

 

0

 

21,953

 

0

 

21,953

 

Preferred Securities

 

Financials

 

0

 

119,489

 

0

 

119,489

 

 

Industrials

 

0

 

12,361

 

0

 

12,361

 

 

Utilities

 

0

 

0

 

31,159

 

31,159

 

Short-Term Instruments

 

Repurchase Agreements

 

0

 

3,884

 

0

 

3,884

 

 

U.S. Treasury Bills

 

0

 

7,034

 

0

 

7,034

 

Total Investments

$

1,998

$

4,569,021

$

37,422

$

4,608,441

 

Financial Derivative Instruments - Assets

Exchange-traded or centrally cleared

 

92

 

803

 

0

 

895

 

Over the counter

 

0

 

7,937

 

0

 

7,937

 

 

$

92

$

8,740

$

0

$

8,832

 

Financial Derivative Instruments - Liabilities

Schedule of Investments PIMCO Active Bond Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Exchange-traded or centrally cleared

 

(322)

 

(1,469)

 

0

 

(1,791)

 

Over the counter

 

0

 

(14,137)

 

0

 

(14,137)

 

 

$

(322)

$

(15,606)

$

0

$

(15,928)

 

Total Financial Derivative Instruments

$

(230)

$

(6,866)

$

0

$

(7,096)

 

Totals

$

1,768

$

4,562,155

$

37,422

$

4,601,345

 

 

There were no significant transfers into or out of Level 3 during the period ended March 31, 2022.

 

Schedule of Investments PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

March 31, 2022

(Unaudited)

 

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

 

 

PRINCIPAL
AMOUNT
(000s)

 

MARKET
VALUE
(000s)

INVESTMENTS IN SECURITIES 99.8% ¤

 

 

 

 

U.S. TREASURY OBLIGATIONS 99.7%

 

 

 

 

U.S. Treasury Inflation Protected Securities (a)

 

 

 

 

0.125% due 07/15/2024

$

2,124

$

2,229

0.125% due 10/15/2024

 

770

 

806

0.125% due 04/15/2025

 

894

 

935

0.125% due 10/15/2025

 

9,383

 

9,839

0.125% due 04/15/2026

 

10,285

 

10,754

0.125% due 07/15/2026

 

1,501

 

1,578

0.125% due 10/15/2026

 

9,010

 

9,474

0.125% due 01/15/2030

 

1,551

 

1,639

0.125% due 07/15/2030

 

2,281

 

2,421

0.125% due 01/15/2031

 

1,762

 

1,866

0.125% due 07/15/2031

 

4,517

 

4,808

0.125% due 01/15/2032

 

6,076

 

6,467

0.250% due 01/15/2025

 

10,613

 

11,132

0.250% due 07/15/2029

 

1,692

 

1,808

0.375% due 07/15/2023

 

2,185

 

2,294

0.375% due 07/15/2025

 

2,035

 

2,153

0.375% due 01/15/2027

 

9,316

 

9,878

0.375% due 07/15/2027

 

1,528

 

1,628

0.500% due 04/15/2024

 

348

 

366

0.500% due 01/15/2028

 

9,442

 

10,105

0.625% due 04/15/2023

 

1,872

 

1,952

0.625% due 01/15/2024

 

2,220

 

2,335

0.625% due 01/15/2026

 

11,093

 

11,831

0.625% due 02/15/2043

 

875

 

978

0.750% due 07/15/2028

 

9,046

 

9,899

0.750% due 02/15/2042

 

7,691

 

8,798

0.750% due 02/15/2045

 

7,578

 

8,709

0.875% due 01/15/2029

 

2,139

 

2,364

1.000% due 02/15/2046

 

6,759

 

8,236

1.375% due 02/15/2044

 

7,108

 

9,122

1.750% due 01/15/2028

 

6,135

 

7,028

2.000% due 01/15/2026

 

7,848

 

8,797

2.125% due 02/15/2040

 

6,030

 

8,535

2.125% due 02/15/2041

 

7,209

 

10,199

2.375% due 01/15/2025

 

9,464

 

10,507

2.500% due 01/15/2029

 

6,437

 

7,846

3.625% due 04/15/2028

 

7,646

 

9,690

3.875% due 04/15/2029

 

8,062

 

10,664

Total U.S. Treasury Obligations (Cost $235,328)

 

 

 

229,670

SHORT-TERM INSTRUMENTS 0.1%

 

 

 

 

REPURCHASE AGREEMENTS (b) 0.1%

 

 

 

264

Total Short-Term Instruments (Cost $264)

 

 

 

264

Total Investments in Securities (Cost $235,592)

 

 

 

229,934

Total Investments 99.8% (Cost $235,592)

 

 

$

229,934

Other Assets and Liabilities, net 0.2%

 

 

 

530

Net Assets 100.0%

 

 

$

230,464

 

 

 

Schedule of Investments PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (Cont.)

March 31, 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)

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)

FICC

0.010%

03/31/2022

04/01/2022

$

264

U.S. Treasury Notes 0.375% due 09/15/2024

$

(269)

$

264

$

264

Total Repurchase Agreements

 

$

(269)

$

264

$

264

(1)

Includes accrued interest.

FAIR VALUE MEASUREMENTS

The following is a summary of the fair valuations according to the inputs used as of March 31, 2022 in valuing the Fund's assets and liabilities:

 

Category and Subcategory

Level 1

Level 2

Level 3

Fair Value
at 03/31/2022

Investments in Securities, at Value

U.S. Treasury Obligations

$

0

$

229,670

$

0

$

229,670

 

Short-Term Instruments

 

Repurchase Agreements

 

0

 

264

 

0

 

264

 

Total Investments

$

0

$

229,934

$

0

$

229,934

 

 

There were no significant transfers into or out of Level 3 during the period ended March 31, 2022.

 

Schedule of Investments PIMCO Enhanced Low Duration Active Exchange-Traded Fund

March 31, 2022

(Unaudited)

 

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

 

 

PRINCIPAL
AMOUNT
(000s)

 

MARKET
VALUE
(000s)

INVESTMENTS IN SECURITIES 170.2% ¤

 

 

 

 

CORPORATE BONDS & NOTES 52.7%

 

 

 

 

BANKING & FINANCE 27.5%

 

 

 

 

AerCap Ireland Capital DAC

 

 

 

 

1.650% due 10/29/2024

$

5,000

$

4,726

4.500% due 09/15/2023

 

4,500

 

4,536

Air Lease Corp.
2.750% due 01/15/2023

 

1,300

 

1,304

Aircastle Ltd.

 

 

 

 

4.400% due 09/25/2023

 

3,874

 

3,891

5.000% due 04/01/2023

 

200

 

203

Ally Financial, Inc.

 

 

 

 

1.450% due 10/02/2023

 

3,300

 

3,224

4.625% due 05/19/2022

 

300

 

301

American Tower Corp.

 

 

 

 

0.600% due 01/15/2024

 

110

 

106

1.300% due 09/15/2025

 

1,100

 

1,026

Aozora Bank Ltd.
2.550% due 09/09/2022

 

2,760

 

2,761

Avolon Holdings Funding Ltd.

 

 

 

 

5.125% due 10/01/2023

 

400

 

407

5.500% due 01/15/2023

 

1,100

 

1,113

Bank of America Corp.

 

 

 

 

2.816% due 07/21/2023 •

 

2,000

 

2,002

3.384% due 04/02/2026 •

 

4,000

 

3,996

Barclays PLC

 

 

 

 

1.839% (US0003M + 1.380%) due 05/16/2024 ~

 

6,600

 

6,633

2.852% due 05/07/2026 •

 

800

 

778

4.338% due 05/16/2024 •

 

3,800

 

3,861

BOC Aviation Ltd.

 

 

 

 

2.091% (US0003M + 1.125%) due 09/26/2023 ~

 

2,700

 

2,703

2.750% due 09/18/2022

 

2,800

 

2,802

2.750% due 12/02/2023

 

2,400

 

2,380

3.000% due 05/23/2022

 

1,000

 

1,001

BPCE SA
1.652% due 10/06/2026 •

 

2,000

 

1,848

Cantor Fitzgerald LP

 

 

 

 

4.875% due 05/01/2024

 

2,200

 

2,269

6.500% due 06/17/2022

 

9,018

 

9,097

Citigroup, Inc.

 

 

 

 

1.209% (US0003M + 0.950%) due 07/24/2023 ~

 

1,500

 

1,503

1.813% (SOFRRATE + 1.528%) due 03/17/2026 ~(c)

 

8,000

 

8,100

CK Hutchison International Ltd.
3.250% due 04/11/2024

 

3,100

 

3,122

CNO Global Funding
1.650% due 01/06/2025

 

4,000

 

3,813

Corebridge Financial, Inc.

 

 

 

 

3.500% due 04/04/2025 (a)

 

7,700

 

7,694

3.650% due 04/05/2027 (a)

 

2,300

 

2,297

Credit Agricole SA
1.247% due 01/26/2027 •

 

300

 

273

Credit Suisse Group AG

 

 

 

 

2.043% (US0003M + 1.240%) due 06/12/2024 ~

 

4,428

 

4,455

2.193% due 06/05/2026 •

 

1,500

 

1,410

Danske Bank AS

 

 

 

 

1.171% due 12/08/2023 •

 

2,800

 

2,765

1.863% (US0003M + 1.060%) due 09/12/2023 ~

 

7,959

 

7,980

5.375% due 01/12/2024

 

3,000

 

3,094

Deutsche Bank AG

 

 

 

 

0.898% due 05/28/2024 (c)

 

900

 

858

1.649% (US0003M + 1.190%) due 11/16/2022 ~

 

200

 

201

2.222% due 09/18/2024 •

 

8,000

 

7,829

3.950% due 02/27/2023

 

2,800

 

2,828

First Abu Dhabi Bank PJSC

 

 

 

 

1.189% (US0003M + 0.950%) due 04/16/2022 ~

 

1,800

 

1,801

1.189% (US0003M + 0.850%) due 08/08/2023 ~

 

4,000

 

4,005

Five Corners Funding Trust
4.419% due 11/15/2023

 

400

 

409

Ford Motor Credit Co. LLC

 

 

 

 

2.979% due 08/03/2022

 

700

 

701

3.087% due 01/09/2023

 

9,718

 

9,741

3.096% due 05/04/2023

 

1,800

 

1,800

3.350% due 11/01/2022

 

1,200

 

1,204

 

 

 

Schedule of Investments PIMCO Enhanced Low Duration Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

3.370% due 11/17/2023

 

200

 

200

3.550% due 10/07/2022

 

500

 

501

4.140% due 02/15/2023

 

1,100

 

1,109

4.250% due 09/20/2022

 

1,625

 

1,637

FS KKR Capital Corp.
1.650% due 10/12/2024

 

5,000

 

4,717

GA Global Funding Trust
1.625% due 01/15/2026

 

900

 

838

General Motors Financial Co., Inc.

 

 

 

 

2.306% (US0003M + 1.310%) due 06/30/2022 ~

 

3,100

 

3,107

3.550% due 07/08/2022

 

1,500

 

1,508

Goldman Sachs Group, Inc.

 

 

 

 

0.523% due 03/08/2023

 

1,000

 

984

1.217% due 12/06/2023

 

10,000

 

9,764

Harley-Davidson Financial Services, Inc.
2.550% due 06/09/2022

 

800

 

801

HSBC Holdings PLC

 

 

 

 

1.975% (US0003M + 1.230%) due 03/11/2025 ~

 

10,107

 

10,191

2.183% (US0003M + 1.380%) due 09/12/2026 ~

 

4,850

 

4,911

ING Groep NV

 

 

 

 

1.281% (SOFRRATE + 1.010%) due 04/01/2027 ~

 

5,594

 

5,513

3.869% due 03/28/2026 •

 

1,500

 

1,508

JPMorgan Chase & Co.
0.969% due 06/23/2025 •

 

1,000

 

956

KKR Financial Holdings LLC
5.400% due 05/23/2033

 

5,500

 

5,590

LeasePlan Corp. NV
2.875% due 10/24/2024

 

9,625

 

9,411

Lloyds Banking Group PLC
3.511% due 03/18/2026 •

 

2,500

 

2,490

Mizuho Financial Group, Inc.
1.226% (US0003M + 0.990%) due 07/10/2024 ~

 

1,500

 

1,507

Morgan Stanley
1.593% due 05/04/2027 •

 

500

 

465

Nationwide Building Society
3.622% due 04/26/2023 •

 

1,600

 

1,600

Natwest Group PLC

 

 

 

 

1.976% (US0003M + 1.470%) due 05/15/2023 ~

 

6,300

 

6,307

4.519% due 06/25/2024 •

 

2,600

 

2,640

Navient Corp.
5.500% due 01/25/2023

 

5,500

 

5,575

Nissan Motor Acceptance Co. LLC

 

 

 

 

0.894% (US0003M + 0.650%) due 07/13/2022 ~

 

3,795

 

3,791

1.050% due 03/08/2024

 

1,200

 

1,139

1.656% due 09/28/2022 •

 

3,900

 

3,893

2.600% due 09/28/2022

 

1,500

 

1,500

Nomura Holdings, Inc.

 

 

 

 

1.851% due 07/16/2025

 

3,200

 

3,024

2.329% due 01/22/2027

 

8,800

 

8,246

Nordea Bank Abp
1.448% (US0003M + 0.940%) due 08/30/2023 ~

 

2,000

 

2,010

ORIX Corp.

 

 

 

 

2.900% due 07/18/2022

 

500

 

502

4.050% due 01/16/2024

 

2,000

 

2,040

Park Aerospace Holdings Ltd.

 

 

 

 

4.500% due 03/15/2023

 

3,580

 

3,607

5.250% due 08/15/2022

 

2,800

 

2,818

Piper Sandler Cos.
5.200% due 10/15/2023

 

600

 

597

QNB Finance Ltd.

 

 

 

 

1.315% (US0003M + 1.000%) due 05/02/2022 ~

 

5,800

 

5,802

1.375% due 01/26/2026

 

4,000

 

3,716

2.178% (US0003M + 1.250%) due 03/21/2024 ~

 

2,600

 

2,611

3.500% due 03/28/2024

 

1,000

 

1,005

Santander U.K. Group Holdings PLC
1.089% due 03/15/2025 •

 

7,000

 

6,663

SBA Tower Trust
2.836% due 01/15/2050

 

5,000

 

4,921

Scentre Group Trust
3.500% due 02/12/2025

 

3,859

 

3,872

SMBC Aviation Capital Finance DAC

 

 

 

 

3.000% due 07/15/2022

 

800

 

801

3.550% due 04/15/2024

 

1,500

 

1,494

4.125% due 07/15/2023

 

2,734

 

2,743

Societe Generale SA

 

 

 

 

1.488% due 12/14/2026 •

 

5,200

 

4,707

2.625% due 01/22/2025

 

6,824

 

6,608

3.875% due 03/28/2024

 

300

 

301

Standard Chartered PLC

 

 

 

 

1.319% due 10/14/2023 •

 

3,800

 

3,765

1.822% due 11/23/2025 •

 

3,000

 

2,853

2.030% (SOFRRATE + 1.740%) due 03/30/2026 ~

 

5,000

 

5,034

3.971% due 03/30/2026 •

 

2,300

 

2,295

Schedule of Investments PIMCO Enhanced Low Duration Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Stellantis Finance U.S., Inc.
1.711% due 01/29/2027

 

3,000

 

2,739

Synchrony Financial
2.850% due 07/25/2022

 

4,700

 

4,714

Wells Fargo & Co.
1.529% (US0003M + 1.230%) due 10/31/2023 ~

 

3,500

 

3,516

 

 

 

 

328,008

INDUSTRIALS 20.3%

 

 

 

 

7-Eleven, Inc.
0.950% due 02/10/2026

 

3,800

 

3,459

AbbVie, Inc.
2.300% due 11/21/2022

 

2,000

 

2,007

American Airlines Pass-Through Trust
4.000% due 01/15/2027

 

455

 

423

Barry Callebaut Services NV
5.500% due 06/15/2023

 

1,200

 

1,230

BAT Capital Corp.

 

 

 

 

3.222% due 08/15/2024

 

10,200

 

10,204

3.557% due 08/15/2027

 

1,017

 

992

BAT International Finance PLC
3.950% due 06/15/2025

 

1,000

 

995

Bayer U.S. Finance LLC

 

 

 

 

3.375% due 10/08/2024

 

3,000

 

2,998

3.875% due 12/15/2023

 

2,000

 

2,022

Berry Global, Inc.

 

 

 

 

0.950% due 02/15/2024

 

5,000

 

4,790

1.570% due 01/15/2026

 

4,000

 

3,732

4.875% due 07/15/2026

 

2,000

 

2,022

BOC Aviation USA Corp.
1.625% due 04/29/2024

 

1,700

 

1,634

Boeing Co.

 

 

 

 

1.433% due 02/04/2024

 

2,300

 

2,226

4.508% due 05/01/2023

 

21,100

 

21,469

Boral Finance Pty. Ltd.
3.000% due 11/01/2022

 

3,424

 

3,426

Boston Scientific Corp.
3.450% due 03/01/2024

 

219

 

222

Broadcom, Inc.

 

 

 

 

3.150% due 11/15/2025

 

1,200

 

1,192

3.459% due 09/15/2026

 

4,238

 

4,231

4.250% due 04/15/2026

 

600

 

616

CenterPoint Energy Resources Corp.

 

 

 

 

0.700% due 03/02/2023

 

1,100

 

1,084

1.004% (US0003M + 0.500%) due 03/02/2023 ~

 

460

 

459

Charter Communications Operating LLC

 

 

 

 

1.967% (US0003M + 1.650%) due 02/01/2024 ~

 

6,600

 

6,730

4.500% due 02/01/2024

 

2,651

 

2,713

4.908% due 07/23/2025

 

1,000

 

1,038

Cheniere Corpus Christi Holdings LLC
7.000% due 06/30/2024

 

400

 

426

Cigna Corp.
3.750% due 07/15/2023

 

361

 

366

CIMIC Finance USA Pty. Ltd.
5.950% due 11/13/2022

 

1,236

 

1,239

Citrix Systems, Inc.
1.250% due 03/01/2026

 

1,600

 

1,558

CommonSpirit Health
1.547% due 10/01/2025

 

3,700

 

3,474

Conagra Brands, Inc.
4.300% due 05/01/2024

 

500

 

514

ConocoPhillips Co.
2.400% due 03/07/2025

 

4,200

 

4,155

Continental Airlines Pass-Through Trust
5.983% due 10/19/2023

 

300

 

301

DAE Funding LLC
1.550% due 08/01/2024

 

2,700

 

2,552

Daimler Trucks Finance North America LLC
1.125% due 12/14/2023

 

4,000

 

3,881

Dell International LLC

 

 

 

 

4.900% due 10/01/2026

 

1,700

 

1,785

5.450% due 06/15/2023

 

134

 

138

Delta Air Lines, Inc.
7.375% due 01/15/2026

 

3,000

 

3,261

Energy Transfer LP

 

 

 

 

4.250% due 03/15/2023

 

500

 

506

5.000% due 10/01/2022

 

7,000

 

7,057

Eni SpA
4.000% due 09/12/2023

 

580

 

588

Gilead Sciences, Inc.
1.200% due 10/01/2027

 

2,900

 

2,621

Global Payments, Inc.
1.200% due 03/01/2026

 

2,600

 

2,399

Schedule of Investments PIMCO Enhanced Low Duration Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

HCA, Inc.

 

 

 

 

5.000% due 03/15/2024

 

5,000

 

5,185

5.875% due 05/01/2023

 

1,100

 

1,138

Hyatt Hotels Corp.
1.800% due 10/01/2024

 

1,100

 

1,059

Hyundai Capital America

 

 

 

 

1.150% due 11/10/2022

 

1,700

 

1,689

2.850% due 11/01/2022

 

2,172

 

2,179

5.750% due 04/06/2023

 

3,400

 

3,495

Imperial Brands Finance PLC

 

 

 

 

3.125% due 07/26/2024

 

4,325

 

4,289

3.500% due 02/11/2023

 

2,145

 

2,156

3.500% due 07/26/2026

 

1,300

 

1,273

3.750% due 07/21/2022

 

3,475

 

3,484

4.250% due 07/21/2025

 

745

 

752

Kansas City Southern

 

 

 

 

3.000% due 05/15/2023

 

1,100

 

1,104

3.125% due 06/01/2026

 

700

 

698

Leidos, Inc.
2.950% due 05/15/2023

 

200

 

201

Lennar Corp.

 

 

 

 

4.500% due 04/30/2024

 

1,950

 

2,000

4.750% due 11/15/2022

 

2,500

 

2,526

5.875% due 11/15/2024

 

1,200

 

1,265

Magallanes, Inc.
3.788% due 03/15/2025

 

3,300

 

3,301

MGM Resorts International
6.000% due 03/15/2023

 

600

 

614

Micron Technology, Inc.
4.185% due 02/15/2027

 

2,300

 

2,364

Nissan Motor Co. Ltd.
3.043% due 09/15/2023

 

1,400

 

1,398

Pacific National Finance Pty. Ltd.
6.000% due 04/07/2023

 

1,000

 

1,026

Penske Truck Leasing Co. LP
3.450% due 07/01/2024

 

1,000

 

1,003

Petronas Energy Canada Ltd.
2.112% due 03/23/2028

 

4,000

 

3,749

Renesas Electronics Corp.
1.543% due 11/26/2024

 

8,428

 

8,033

Reynolds American, Inc.
4.450% due 06/12/2025

 

1,000

 

1,022

Rogers Communications, Inc.
2.950% due 03/15/2025

 

7,100

 

7,056

Ryder System, Inc.
2.875% due 06/01/2022

 

900

 

901

SABIC Capital BV
4.000% due 10/10/2023

 

2,900

 

2,958

Sands China Ltd.
5.125% due 08/08/2025

 

2,800

 

2,790

Saudi Arabian Oil Co.

 

 

 

 

1.250% due 11/24/2023

 

3,300

 

3,229

2.875% due 04/16/2024

 

5,000

 

4,991

SK Hynix, Inc.

 

 

 

 

1.000% due 01/19/2024

 

3,666

 

3,522

3.000% due 09/17/2024

 

2,500

 

2,483

Southwest Airlines Co.
4.750% due 05/04/2023

 

3,700

 

3,779

Spirit AeroSystems, Inc.
3.950% due 06/15/2023

 

2,800

 

2,777

T-Mobile USA, Inc.

 

 

 

 

1.500% due 02/15/2026

 

1,000

 

934

3.500% due 04/15/2025

 

2,500

 

2,519

TD SYNNEX Corp.
1.250% due 08/09/2024

 

4,000

 

3,804

Thermo Fisher Scientific, Inc.
1.215% due 10/18/2024

 

11,000

 

10,587

Westinghouse Air Brake Technologies Corp.
4.400% due 03/15/2024

 

2,500

 

2,548

Woodside Finance Ltd.

 

 

 

 

3.650% due 03/05/2025

 

6,600

 

6,624

3.700% due 09/15/2026

 

4,650

 

4,663

 

 

 

 

241,903

UTILITIES 4.9%

 

 

 

 

AES Corp.
1.375% due 01/15/2026

 

4,300

 

3,960

AT&T, Inc.
1.285% (US0003M + 0.890%) due 02/15/2023 ~

 

1,100

 

1,105

Chugoku Electric Power Co., Inc.

 

 

 

 

2.401% due 08/27/2024

 

5,800

 

5,698

3.488% due 02/28/2024

 

400

 

403

Schedule of Investments PIMCO Enhanced Low Duration Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Edison International
3.125% due 11/15/2022

 

3,453

 

3,472

Electricite de France SA
3.625% due 10/13/2025

 

2,297

 

2,304

FirstEnergy Corp.
3.350% due 07/15/2022

 

3,470

 

3,474

Iberdrola International BV
5.810% due 03/15/2025

 

400

 

430

Israel Electric Corp. Ltd.
5.000% due 11/12/2024

 

8,100

 

8,418

NextEra Energy Capital Holdings, Inc.
2.940% due 03/21/2024

 

4,000

 

4,002

Pacific Gas & Electric Co.

 

 

 

 

1.338% (SOFRINDX + 1.150%) due 11/14/2022 ~

 

600

 

600

1.700% due 11/15/2023

 

2,100

 

2,048

1.750% due 06/16/2022

 

8,900

 

8,891

2.100% due 08/01/2027

 

800

 

720

2.365% (US0003M + 1.480%) due 06/16/2022 ~

 

1,700

 

1,700

2.950% due 03/01/2026

 

100

 

95

3.250% due 06/15/2023

 

1,500

 

1,498

3.400% due 08/15/2024

 

200

 

198

3.750% due 02/15/2024

 

200

 

201

3.850% due 11/15/2023

 

100

 

101

4.250% due 08/01/2023

 

300

 

303

SES SA
3.600% due 04/04/2023

 

1,000

 

1,006

Southern California Gas Co.
2.550% due 02/01/2030

 

1,800

 

1,702

Sprint Communications, Inc.
6.000% due 11/15/2022

 

400

 

410

Sprint Corp.
7.875% due 09/15/2023

 

900

 

957

System Energy Resources, Inc.
2.140% due 12/09/2025

 

4,800

 

4,577

 

 

 

 

58,273

Total Corporate Bonds & Notes (Cost $642,512)

 

 

 

628,184

MUNICIPAL BONDS & NOTES 0.0%

 

 

 

 

ILLINOIS 0.0%

 

 

 

 

Illinois State General Obligation Notes, Series 2020
5.375% due 05/01/2023

 

450

 

466

Total Municipal Bonds & Notes (Cost $450)

 

 

 

466

U.S. GOVERNMENT AGENCIES 10.2%

 

 

 

 

Fannie Mae

 

 

 

 

0.875% due 12/18/2026

 

10,600

 

9,763

4.000% due 06/01/2042 - 03/01/2047

 

597

 

620

5.000% due 04/01/2033 - 07/01/2044

 

1,657

 

1,717

5.150% due 05/01/2035

 

41

 

42

5.350% due 02/01/2035 - 01/01/2038

 

404

 

415

5.450% due 04/01/2036

 

95

 

98

5.500% due 12/01/2028 - 07/01/2050

 

1,577

 

1,658

6.000% due 09/01/2028 - 04/01/2048

 

885

 

932

6.500% due 03/01/2026 - 09/01/2048

 

395

 

424

Federal Home Loan Bank

 

 

 

 

0.625% due 11/27/2024

 

10,000

 

9,508

0.900% due 02/26/2027

 

8,200

 

7,542

0.920% due 02/26/2027

 

17,000

 

15,671

1.020% due 02/24/2027

 

15,000

 

13,895

1.050% due 08/13/2026

 

11,000

 

10,289

1.100% due 08/20/2026

 

11,000

 

10,266

1.110% due 07/27/2026

 

2,333

 

2,181

Freddie Mac

 

 

 

 

0.800% due 10/28/2026 (g)(i)

 

6,500

 

5,986

1.000% due 02/25/2042 - 09/15/2044

 

23,647

 

22,062

2.000% due 02/01/2028 - 04/01/2028

 

5

 

4

2.466% due 07/15/2035 •

 

895

 

895

2.500% due 10/25/2048

 

185

 

178

5.000% due 01/01/2024 - 02/01/2038

 

516

 

538

5.400% due 09/01/2037 - 11/01/2038

 

435

 

462

5.500% due 08/01/2033 - 06/01/2047

 

1,474

 

1,557

5.550% due 06/01/2037 - 07/01/2037

 

112

 

119

6.000% due 09/01/2031 - 06/01/2037

 

62

 

64

6.500% due 11/01/2036 - 10/17/2038

 

505

 

542

7.000% due 05/01/2029

 

15

 

15

Ginnie Mae

 

 

 

 

1.431% due 08/16/2039 •

 

4

 

4

2.500% due 10/20/2049

 

159

 

156

3.000% due 11/20/2046

 

104

 

103

3.500% due 05/20/2042

 

76

 

76

Schedule of Investments PIMCO Enhanced Low Duration Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

3.700% due 04/15/2042

 

129

 

131

3.740% due 03/20/2042 - 07/20/2042

 

79

 

80

3.750% due 04/15/2042 - 03/20/2044

 

195

 

200

4.000% due 04/20/2040 - 06/20/2043

 

629

 

637

4.500% due 08/20/2038 - 11/20/2048

 

559

 

577

5.000% due 02/20/2039

 

1

 

1

5.350% due 12/15/2036 - 01/15/2038

 

350

 

378

5.400% due 06/20/2039

 

88

 

93

5.500% due 03/20/2034 - 08/20/2041

 

512

 

534

6.000% due 09/20/2038

 

41

 

43

6.500% due 09/20/2025 - 07/20/2039

 

37

 

40

7.000% due 09/15/2024 - 06/20/2039

 

646

 

682

Uniform Mortgage-Backed Security

 

 

 

 

4.250% due 01/01/2036

 

88

 

91

4.750% due 09/01/2034 - 04/01/2036

 

437

 

458

5.340% due 09/01/2029

 

57

 

61

6.000% due 06/01/2031

 

2

 

2

Total U.S. Government Agencies (Cost $130,105)

 

 

 

121,790

U.S. TREASURY OBLIGATIONS 79.2%

 

 

 

 

U.S. Treasury Notes

 

 

 

 

0.750% due 11/15/2024 (e)

 

84,900

 

81,161

0.875% due 01/31/2024 (e)

 

246,600

 

240,358

1.000% due 12/15/2024 (e)

 

264,100

 

253,840

2.250% due 03/31/2024

 

369,500

 

369,016

Total U.S. Treasury Obligations (Cost $963,219)

 

 

 

944,375

NON-AGENCY MORTGAGE-BACKED SECURITIES 10.8%

 

 

 

 

Angel Oak Mortgage Trust
1.469% due 06/25/2065 ~

 

929

 

916

AREIT Trust

 

 

 

 

1.184% due 09/14/2036 •

 

114

 

113

2.784% due 04/15/2037 •

 

169

 

169

Bear Stearns Adjustable Rate Mortgage Trust
2.500% due 02/25/2033 ~

 

1

 

1

Bear Stearns ALT-A Trust

 

 

 

 

0.777% due 02/25/2034 ~

 

978

 

944

2.627% due 05/25/2035 ~

 

34

 

34

Beneria Cowen & Pritzer Collateral Funding Corp.
1.196% due 06/15/2038 •

 

5,600

 

5,488

BFLD Trust
1.547% due 10/15/2035 •

 

2,000

 

1,980

Brass PLC
1.159% due 11/16/2066 •

 

113

 

113

BWAY Mortgage Trust
1.647% due 09/15/2036 •

 

3,000

 

2,969

BX Commercial Mortgage Trust
1.097% due 01/15/2034 •

 

3,800

 

3,722

BXMT Ltd.
1.564% due 11/15/2037 •

 

3,900

 

3,877

Chase Mortgage Finance Trust
2.399% due 02/25/2037 ~

 

472

 

484

Chevy Chase Funding LLC Mortgage-Backed Certificates

 

 

 

 

0.657% due 01/25/2036 •

 

49

 

46

0.687% due 10/25/2035 •

 

222

 

219

0.757% due 08/25/2035 •

 

28

 

27

Citigroup Commercial Mortgage Trust
1.577% due 10/15/2036 •

 

1,950

 

1,926

Citigroup Mortgage Loan Trust

 

 

 

 

0.949% due 05/25/2051 •

 

4,291

 

4,249

3.228% due 09/25/2059 þ

 

136

 

136

Countrywide Alternative Loan Trust
0.737% due 06/25/2037 •

 

68

 

65

Credit Suisse Mortgage Capital Trust
2.942% due 12/26/2059 ~

 

1,193

 

1,185

DROP Mortgage Trust
1.550% due 04/15/2026 •

 

6,000

 

5,944

Extended Stay America Trust
1.477% due 07/15/2038 •

 

5,566

 

5,507

First Horizon Alternative Mortgage Securities Trust
2.297% due 02/25/2035 ~

 

243

 

244

GCAT Trust

 

 

 

 

1.348% due 05/25/2066 ~

 

3,681

 

3,509

1.503% due 05/25/2066 ~

 

3,325

 

3,172

2.650% due 10/25/2068 ~

 

529

 

520

2.885% due 12/27/2066 ~

 

2,363

 

2,322

GCT Commercial Mortgage Trust
1.197% due 02/15/2038 •

 

800

 

787

GS Mortgage-Backed Securities Trust

 

 

 

 

0.949% due 12/25/2051 •

 

2,817

 

2,759

0.949% due 02/25/2052 •

 

4,689

 

4,593

Schedule of Investments PIMCO Enhanced Low Duration Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

GSR Mortgage Loan Trust

 

 

 

 

2.766% due 09/25/2035 ~

 

5

 

5

3.081% due 08/25/2033 •

 

94

 

91

Impac CMB Trust
1.097% due 03/25/2035 •

 

104

 

102

J.P. Morgan Chase Commercial Mortgage Securities Corp.
1.197% due 04/15/2038 •

 

945

 

931

J.P. Morgan Chase Commercial Mortgage Securities Trust
3.379% due 09/15/2050

 

300

 

298

JP Morgan Chase Commercial Mortgage Securities Trust
2.450% due 12/15/2031 •

 

1,060

 

1,051

JP Morgan Mortgage Trust
2.723% due 07/25/2035 ~

 

237

 

236

JPMBB Commercial Mortgage Securities Trust
3.801% due 09/15/2047

 

4,410

 

4,456

Legacy Mortgage Asset Trust

 

 

 

 

1.991% due 09/25/2060 ~

 

2,185

 

2,176

3.000% due 06/25/2059 þ

 

1,695

 

1,693

LoanCore Issuer Ltd.
0.964% due 07/15/2035 •

 

2,229

 

2,210

LUXE Commercial Mortgage Trust
1.447% due 10/15/2038 •

 

6,000

 

5,907

MASTR Adjustable Rate Mortgages Trust
2.623% due 04/21/2034 ~

 

21

 

21

Merrill Lynch Mortgage Investors Trust

 

 

 

 

0.917% due 04/25/2029 •

 

151

 

146

2.531% due 12/25/2035 ~

 

275

 

270

MF1 Multifamily Housing Mortgage Loan Trust
1.293% due 07/15/2036 •

 

3,425

 

3,372

MFA Trust

 

 

 

 

1.131% due 07/25/2060 ~

 

3,367

 

3,208

1.381% due 04/25/2065 ~

 

794

 

784

Morgan Stanley Mortgage Loan Trust
1.537% due 11/25/2035 •

 

755

 

750

Morgan Stanley Residential Mortgage Loan Trust
0.899% due 09/25/2051 ~

 

923

 

904

New Residential Mortgage Loan Trust

 

 

 

 

0.941% due 10/25/2058 ~

 

2,447

 

2,391

2.750% due 07/25/2059 ~

 

2,448

 

2,397

2.750% due 11/25/2059 ~

 

2,766

 

2,719

3.500% due 12/25/2057 ~

 

1,472

 

1,476

3.500% due 10/25/2059 ~

 

561

 

558

4.500% due 05/25/2058 ~

 

139

 

143

NYO Commercial Mortgage Trust
1.492% due 11/15/2038 •

 

6,000

 

5,902

One New York Plaza Trust
1.347% due 01/15/2036 •

 

3,700

 

3,649

Pretium Mortgage Credit Partners LLC
1.992% due 02/25/2061 þ

 

2,439

 

2,333

RESIMAC Bastille Trust
0.885% due 02/03/2053 •

 

4,261

 

4,240

Sequoia Mortgage Trust

 

 

 

 

0.849% due 07/20/2036 •

 

818

 

753

1.109% due 06/20/2033 •

 

2

 

2

Starwood Mortgage Residential Trust
1.486% due 04/25/2065 ~

 

628

 

619

Starwood Mortgage Trust
1.447% due 04/15/2034 •

 

3,100

 

3,062

Structured Asset Mortgage Investments Trust

 

 

 

 

1.029% due 07/19/2034 •

 

5

 

5

1.109% due 09/19/2032 •

 

8

 

8

Thornburg Mortgage Securities Trust
2.157% due 04/25/2045 ~

 

47

 

48

Towd Point Mortgage Trust
2.250% due 12/25/2061 ~

 

5,258

 

5,204

VMC Finance LLC

 

 

 

 

1.541% due 09/15/2036 ~

 

402

 

401

1.568% due 06/16/2036 ~

 

3,667

 

3,636

WaMu Mortgage Pass-Through Certificates Trust

 

 

 

 

1.077% due 01/25/2045 •

 

10

 

10

1.121% due 06/25/2046 •

 

27

 

27

1.257% due 06/25/2044 •

 

502

 

490

1.317% due 10/25/2045 •

 

85

 

84

2.585% due 06/25/2033 ~

 

1

 

2

2.950% due 07/25/2037 ^~

 

448

 

445

Wells Fargo Commercial Mortgage Trust
4.218% due 07/15/2046 ~

 

1,000

 

1,010

Total Non-Agency Mortgage-Backed Securities (Cost $130,460)

 

 

 

128,245

ASSET-BACKED SECURITIES 13.7%

 

 

 

 

A10 Bridge Asset Financing LLC
2.021% due 08/15/2040

 

1,295

 

1,293

Schedule of Investments PIMCO Enhanced Low Duration Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

American Money Management Corp. CLO Ltd.
1.218% due 04/14/2029 •

 

526

 

525

Anchorage Capital CLO Ltd.
1.291% due 07/15/2030 •

 

2,800

 

2,800

Apex Credit CLO Ltd.
1.918% due 09/20/2029 ~

 

1,000

 

994

Ares CLO Ltd.
1.291% due 04/18/2031 ~

 

4,400

 

4,329

Asset-Backed Securities Corp. Home Equity Loan Trust
1.267% due 06/25/2034 •

 

75

 

72

Bear Stearns Asset-Backed Securities Trust

 

 

 

 

1.192% due 09/25/2035 ~

 

921

 

920

1.257% due 10/27/2032 •

 

26

 

25

1.357% due 08/25/2034 •

 

507

 

496

Benefit Street Partners CLO Ltd.

 

 

 

 

1.191% due 10/15/2030 •

 

1,500

 

1,487

1.271% due 01/17/2032 •

 

400

 

397

Carlyle U.S. CLO Ltd.
1.254% due 04/20/2031 •

 

5,600

 

5,564

Carrington Mortgage Loan Trust
1.374% due 10/20/2029 •

 

2,899

 

2,900

Chase Funding Trust
1.057% due 07/25/2033 •

 

210

 

200

Countrywide Asset-Backed Certificates
0.907% due 03/25/2036 •

 

275

 

272

Countrywide Asset-Backed Certificates Trust
1.507% due 11/25/2035 •

 

236

 

236

Dryden Senior Loan Fund

 

 

 

 

1.221% due 04/15/2028 •

 

2,500

 

2,492

1.261% due 04/15/2029 •

 

3,458

 

3,448

Elevation CLO Ltd.
1.208% due 10/25/2030 •

 

7,800

 

7,735

ELFI Graduate Loan Program LLC
1.530% due 12/26/2046

 

6,092

 

5,727

Finance America Mortgage Loan Trust
1.282% due 08/25/2034 •

 

134

 

132

First Franklin Mortgage Loan Trust

 

 

 

 

0.777% due 04/25/2036 •

 

1,311

 

1,278

1.207% due 11/25/2034 •

 

140

 

139

1.387% due 07/25/2034 •

 

211

 

213

Greystone Commercial Real Estate Notes Ltd.
1.577% due 09/15/2037 •

 

1,000

 

992

GSAA Home Equity Trust
0.997% due 07/25/2037 •

 

183

 

182

GSAMP Trust
0.977% due 06/25/2036 •

 

756

 

741

HERA Commercial Mortgage Ltd.
1.518% due 02/18/2038 •

 

3,300

 

3,265

Home Equity Asset Trust
1.507% due 11/25/2034 •

 

871

 

864

KKR CLO Ltd.

 

 

 

 

1.181% due 07/18/2030 •

 

600

 

599

1.191% due 07/15/2030 •

 

2,400

 

2,372

LCCM Trust
1.597% due 12/13/2038 •

 

4,000

 

3,966

LCM LP

 

 

 

 

1.118% due 07/19/2027 ~

 

1,071

 

1,064

1.254% due 07/20/2030 •

 

4,900

 

4,848

1.294% due 10/20/2027 •

 

216

 

215

1.334% due 04/20/2031 •

 

1,100

 

1,093

LoanCore Issuer Ltd.
1.527% due 05/15/2036 •

 

209

 

208

MF1 Ltd.
2.143% due 11/15/2035 •

 

2,000

 

2,004

MidOcean Credit CLO
1.229% due 01/29/2030 •

 

4,000

 

3,977

MKS CLO Ltd.
1.254% due 07/20/2030 ~

 

4,600

 

4,602

Nassau Ltd.
1.391% due 10/15/2029 •

 

1,852

 

1,853

Navient Private Education Loan Trust

 

 

 

 

1.397% due 04/15/2069 •

 

2,433

 

2,412

1.597% due 12/15/2028 •

 

178

 

178

1.847% due 07/16/2040 •

 

2,800

 

2,807

Navient Private Education Refi Loan Trust

 

 

 

 

0.840% due 05/15/2069

 

1,685

 

1,609

1.170% due 09/16/2069

 

2,411

 

2,332

1.310% due 01/15/2069

 

1,051

 

1,018

1.690% due 05/15/2069

 

3,215

 

3,090

2.230% due 07/15/2070

 

5,900

 

5,708

2.460% due 11/15/2068

 

1,105

 

1,062

New Century Home Equity Loan Trust
1.387% due 11/25/2034 ~

 

411

 

402

Schedule of Investments PIMCO Enhanced Low Duration Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

NovaStar Mortgage Funding Trust
1.117% due 01/25/2036 •

 

512

 

510

Oaktree CLO Ltd.
1.369% due 04/22/2030 •

 

1,600

 

1,591

Palmer Square Loan Funding Ltd.

 

 

 

 

0.928% due 10/15/2029 •

 

200

 

198

1.224% due 04/20/2027 •

 

903

 

900

1.280% due 02/20/2028 •

 

992

 

992

PFS Financing Corp.
0.930% due 08/15/2024

 

500

 

498

Popular ABS Mortgage Pass-Through Trust
0.707% due 06/25/2047 ^•

 

71

 

71

PRET LLC
2.487% due 07/25/2051 þ

 

4,528

 

4,404

RAAC Trust
1.282% due 01/25/2046 •

 

583

 

576

Residential Asset Securities Corp. Trust

 

 

 

 

1.157% due 06/25/2035 •

 

1,055

 

1,054

1.552% due 03/25/2035 •

 

253

 

249

Saranac CLO Ltd.
1.646% due 08/13/2031 •

 

5,200

 

5,183

Saxon Asset Securities Trust
1.177% due 05/25/2035 •

 

194

 

189

SBA Tower Trust
3.869% due 10/15/2049 þ

 

1,000

 

1,009

Securitized Asset-Backed Receivables LLC Trust

 

 

 

 

1.042% due 10/25/2035 ~

 

19

 

19

1.132% due 01/25/2035 •

 

121

 

115

SLM Student Loan Trust

 

 

 

 

1.008% due 04/25/2023 •

 

365

 

359

1.758% due 04/25/2023 •

 

202

 

203

1.958% due 07/25/2023 •

 

174

 

174

SMB Private Education Loan Trust

 

 

 

 

0.997% due 03/17/2053 •

 

671

 

660

1.307% due 09/15/2054 •

 

5,749

 

5,720

1.600% due 09/15/2054

 

1,440

 

1,380

2.230% due 09/15/2037

 

2,368

 

2,287

SoFi Professional Loan Program LLC
3.020% due 02/25/2040

 

85

 

85

SoFi Professional Loan Program Trust
1.950% due 02/15/2046

 

874

 

857

Sound Point CLO Ltd.

 

 

 

 

1.159% due 01/23/2029 •

 

4,695

 

4,699

1.238% due 07/25/2030 •

 

2,400

 

2,403

Soundview Home Loan Trust
1.132% due 06/25/2035 •

 

426

 

424

Structured Asset Investment Loan Trust

 

 

 

 

1.007% due 09/25/2034 •

 

1,713

 

1,639

1.162% due 03/25/2034 •

 

571

 

553

Structured Asset Securities Corp. Mortgage Loan Trust
0.592% due 07/25/2036 •

 

529

 

523

Towd Point Asset Trust
1.149% due 11/20/2061 •

 

2,069

 

2,062

Towd Point Mortgage Trust

 

 

 

 

1.057% due 02/25/2057 •

 

156

 

156

1.457% due 05/25/2058 •

 

1,353

 

1,354

1.457% due 10/25/2059 •

 

884

 

883

1.636% due 04/25/2060 ~

 

3,594

 

3,421

2.710% due 01/25/2060 ~

 

1,241

 

1,215

3.000% due 11/25/2058 ~

 

389

 

389

3.750% due 05/25/2058 ~

 

3,028

 

3,029

Venture CLO Ltd.

 

 

 

 

1.274% due 04/20/2029 •

 

2,292

 

2,293

1.354% due 01/20/2029 •

 

1,200

 

1,196

1.384% due 04/20/2032 •

 

1,100

 

1,094

Vibrant CLO Ltd.
1.240% due 07/20/2032 •

 

300

 

298

Voya CLO Ltd.

 

 

 

 

1.191% due 04/17/2030 •

 

5,000

 

4,982

1.241% due 10/15/2030 •

 

3,500

 

3,460

Schedule of Investments PIMCO Enhanced Low Duration Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Wells Fargo Home Equity Trust Mortgage Pass-Through Certificates
1.057% due 04/25/2034 •

 

1,194

 

1,163

Total Asset-Backed Securities (Cost $165,700)

 

 

 

163,656

SOVEREIGN ISSUES 0.1%

 

 

 

 

Export-Import Bank of India
1.480% (US0003M + 1.000%) due 08/21/2022 ~

 

1,000

 

1,003

Total Sovereign Issues (Cost $1,000)

 

 

 

1,003

 

 

SHARES

 

 

PREFERRED SECURITIES 0.1%

 

 

 

 

FINANCIALS 0.1%

 

 

 

 

JPMorgan Chase & Co.
3.769% (US0003M + 3.470%) due 07/30/2022 ~(b)

 

761,000

 

761

Total Preferred Securities (Cost $761)

 

 

 

761

SHORT-TERM INSTRUMENTS 3.4%

 

 

 

 

COMMERCIAL PAPER 2.2%

 

 

 

 

Mizuho Bank Ltd.
1.160% due 07/15/2022

 

10,000

 

9,970

Parker-Hannifin Corp.
1.350% due 05/13/2022

 

8,000

 

7,993

Rogers Communications, Inc.
1.300% due 04/26/2022

 

4,700

 

4,697

VW Credit, Inc.
0.930% due 04/27/2022

 

4,000

 

3,998

 

 

 

 

26,658

REPURCHASE AGREEMENTS (d) 1.2%

 

 

 

14,607

Total Short-Term Instruments (Cost $41,253)

 

 

 

41,265

Total Investments in Securities (Cost $2,075,460)

 

 

 

2,029,745

Total Investments 170.2% (Cost $2,075,460)

 

 

$

2,029,745

Financial Derivative Instruments (f)(h) (0.1)%(Cost or Premiums, net $(5,402)

 

 

 

(1,260)

Other Assets and Liabilities, net (70.1)%

 

 

 

(836,218)

Net Assets 100.0%

 

 

$

1,192,267

Schedule of Investments PIMCO Enhanced Low Duration Active Exchange-Traded Fund (Cont.)

March 31, 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)

When-issued security.

(b)

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

(c)

RESTRICTED SECURITIES:

Issuer Description

Coupon

Maturity
Date

Acquisition
Date

 

Cost

 

Market
Value

Market Value
as Percentage
of Net Assets

Citigroup, Inc.

1.813

%

03/17/2026

03/10/2022

$

8,000

$

8,100

0.68

%

Deutsche Bank AG

0.898

 

05/28/2024

05/25/2021 - 05/26/2021

 

900

 

858

0.07

 

 

 

 

 

$

8,900

$

8,958

0.75%

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

0.010%

03/31/2022

04/01/2022

$

14,607

U.S. Treasury Notes 0.375% due 09/15/2024

$

(14,899)

$

14,607

$

14,607

Total Repurchase Agreements

 

$

(14,899)

$

14,607

$

14,607

REVERSE REPURCHASE AGREEMENTS:

Counterparty

Borrowing Rate(2)

Settlement Date

Maturity Date

 

Amount
Borrowed
(2)

 

Payable for
Reverse
Repurchase
Agreements

IND

0.300%

03/31/2022

04/01/2022

$

(67,776)

$

(67,776)

JPS

0.250

03/31/2022

04/04/2022

 

(3,185)

 

(3,185)

 

0.280

03/29/2022

04/05/2022

 

(30,760)

 

(30,761)

 

0.280

03/30/2022

04/06/2022

 

(220,220)

 

(220,223)

Total Reverse Repurchase Agreements

 

 

 

 

 

$

(321,945)

SALE-BUYBACK TRANSACTIONS:

Counterparty

Borrowing Rate(2)

Borrowing Date

Maturity Date

 

Amount
Borrowed
(2)

 

Payable for
Sale-Buyback
Transactions

BPG

0.290%

03/31/2022

04/01/2022

$

(558,189)

$

(558,194)

Total Sale-Buyback Transactions

 

 

 

 

 

$

(558,194)

(e)

Securities with an aggregate market value of $878,170 have been pledged as collateral under the terms of master agreements as of March 31, 2022.

(1)

Includes accrued interest.

(2)

The average amount of borrowings outstanding during the period ended March 31, 2022 was $(696,676) at a weighted average interest rate of (0.021%). Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.

(f)

FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED

Schedule of Investments PIMCO Enhanced Low Duration Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

FUTURES CONTRACTS:

SHORT FUTURES CONTRACTS

 

Variation Margin

Description

 

 

 

Expiration
Month

 

# of
Contracts

 

Notional
Amount

 

 

Unrealized
Appreciation/
(Depreciation)

 

Asset

 

Liability

U.S. Treasury 5-Year Note June Futures

06/2022

 

2,994

$

(343,374)

 

$

8,507

$

0

$

(11)

U.S. Treasury 10-Year Note June Futures

06/2022

 

143

 

(17,571)

 

 

517

 

0

 

(17)

U.S. Treasury 10-Year Ultra Long-Term Bond June Futures

06/2022

 

233

 

(31,564)

 

 

887

 

0

 

(89)

U.S. Treasury Ultra Long-Term Bond June Futures

06/2022

 

4

 

(709)

 

 

(19)

 

0

 

(4)

Total Futures Contracts

 

$

9,892

$

0

$

(121)

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-36 5-Year Index

(1.000)%

Quarterly

06/20/2026

$

89,700

$

(2,196)

$

541

$

(1,655)

$

0

$

(18)

CDX.IG-37 5-Year Index

(1.000)

Quarterly

12/20/2026

 

128,100

 

(3,131)

 

898

 

(2,233)

 

15

 

0

 

 

 

 

 

$

(5,327)

$

1,439

$

(3,888)

$

15

$

(18)

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

$

18,000

$

0

$

(4)

$

(4)

$

0

$

(4)

3-Month USD-LIBOR

01-Month USD-LIBOR + 0.098%

Quarterly

01/13/2023

 

13,800

 

0

 

(3)

 

(3)

 

0

 

(3)

 

 

 

 

 

 

$

0

$

(7)

$

(7)

$

0

$

(7)

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

0.250%

Semi-Annual

06/16/2023

 

168,600

$

53

$

(3,743)

$

(3,690)

$

10

$

0

Total Swap Agreements

$

(5,274)

$

(2,311)

$

(7,585)

$

25

$

(25)

(g)

Securities with an aggregate market value of $621 and cash of $8,120 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2022.

(1)

If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund 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 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.

(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.

(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

BPS

04/2022

EUR

15,670

$

17,506

$

171

$

0

 

04/2022

$

17,490

EUR

15,675

 

0

 

(149)

CBK

04/2022

 

5,932

JPY

703,400

 

0

 

(154)

GLM

04/2022

 

11,635

 

1,359,300

 

0

 

(470)

JPM

04/2022

 

5,828

 

687,600

 

0

 

(180)

SCX

05/2022

 

22,629

 

2,744,934

 

0

 

(68)

Total Forward Foreign Currency Contracts

$

171

$

(1,021)

Schedule of Investments PIMCO Enhanced Low Duration Active Exchange-Traded Fund (Cont.)

March 31, 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

 

5,300

$

(8)

$

(5)

BPS

Put - OTC CDX.IG-37 5-Year Index

Sell

1.200

07/20/2022

 

4,500

 

(8)

 

(4)

 

 

 

 

 

 

 

$

(16)

$

(9)

OPTIONS ON SECURITIES

Counterparty

Description

 

Strike
Price

Expiration
Date

 

 

Notional
Amount
(1)

 

Premiums
(Received)

 

Market
Value

JPM

Put - OTC Fannie Mae, TBA 3.000% due 06/01/2052

$

97.617

06/06/2022

 

 

6,600

$

(39)

$

(83)

 

Call - OTC Fannie Mae, TBA 3.000% due 06/01/2052

 

99.617

06/06/2022

 

 

6,600

 

(30)

 

(20)

 

Call - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 05/01/2052

 

98.391

05/05/2022

 

 

700

 

(3)

 

(1)

 

Call - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 05/01/2052

 

98.469

05/05/2022

 

 

900

 

(4)

 

(1)

 

Call - OTC Uniform Mortgage-Backed Security, TBA 2.500% due 05/01/2052

 

98.617

05/05/2022

 

 

1,600

 

(7)

 

(1)

 

Put - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 04/01/2052

 

100.414

04/06/2022

 

 

5,200

 

(16)

 

(133)

 

Put - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 05/01/2052

 

98.914

05/05/2022

 

 

1,700

 

(9)

 

(28)

 

Put - OTC Uniform Mortgage-Backed Security, TBA 3.000% due 05/01/2052

 

99.102

05/05/2022

 

 

700

 

(4)

 

(13)

 

 

 

 

 

 

 

 

$

(112)

$

(280)

Total Written Options

$

(128)

$

(289)

(i)

Securities with an aggregate market value of $1,159 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 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 March 31, 2022 in valuing the Fund's assets and liabilities:

 

Category and Subcategory

Level 1

Level 2

Level 3

Fair Value
at 03/31/2022

Investments in Securities, at Value

Corporate Bonds & Notes

 

Banking & Finance

$

9,991

$

318,017

$

0

$

328,008

 

 

Industrials

 

0

 

241,903

 

0

 

241,903

 

 

Utilities

 

0

 

58,273

 

0

 

58,273

 

Municipal Bonds & Notes

 

Illinois

 

0

 

466

 

0

 

466

 

U.S. Government Agencies

 

0

 

121,790

 

0

 

121,790

 

U.S. Treasury Obligations

 

0

 

944,375

 

0

 

944,375

 

Non-Agency Mortgage-Backed Securities

 

0

 

128,245

 

0

 

128,245

 

Asset-Backed Securities

 

0

 

163,656

 

0

 

163,656

 

Sovereign Issues

 

0

 

1,003

 

0

 

1,003

 

Preferred Securities

 

Financials

 

0

 

761

 

0

 

761

 

Short-Term Instruments

 

Commercial Paper

 

0

 

26,658

 

0

 

26,658

 

 

Repurchase Agreements

 

0

 

14,607

 

0

 

14,607

 

Total Investments

$

9,991

$

2,019,754

$

0

$

2,029,745

 

Financial Derivative Instruments - Assets

Exchange-traded or centrally cleared

 

0

 

25

 

0

 

25

 

Over the counter

 

0

 

171

 

0

 

171

 

 

$

0

$

196

$

0

$

196

 

Financial Derivative Instruments - Liabilities

Exchange-traded or centrally cleared

 

0

 

(146)

 

0

 

(146)

 

Over the counter

 

0

 

(1,310)

 

0

 

(1,310)

 

 

$

0

$

(1,456)

$

0

$

(1,456)

 

Total Financial Derivative Instruments

$

0

$

(1,260)

$

0

$

(1,260)

 

Totals

$

9,991

$

2,018,494

$

0

$

2,028,485

 

 

There were no significant transfers into or out of Level 3 during the period ended March 31, 2022.

 

Schedule of Investments PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund

March 31, 2022

(Unaudited)

 

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

 

 

PRINCIPAL
AMOUNT
(000s)

 

MARKET
VALUE
(000s)

INVESTMENTS IN SECURITIES 106.8% ¤

 

 

 

 

CORPORATE BONDS & NOTES 57.3%

 

 

 

 

BANKING & FINANCE 32.0%

 

 

 

 

AerCap Ireland Capital DAC
1.750% due 10/29/2024

$

500

$

472

AIA Group Ltd.
3.125% due 03/13/2023

 

2,000

 

2,009

Allstate Corp.
1.613% (US0003M + 0.630%) due 03/29/2023 ~

 

300

 

301

American Express Co.

 

 

 

 

0.927% (US0003M + 0.610%) due 08/01/2022 ~

 

600

 

600

1.100% (US0003M + 0.620%) due 05/20/2022 ~

 

1,000

 

1,000

American Tower Corp.
3.500% due 01/31/2023

 

2,000

 

2,019

Aozora Bank Ltd.
2.550% due 09/09/2022

 

2,000

 

2,001

Aviation Capital Group LLC
3.875% due 05/01/2023

 

500

 

502

Bank of America Corp.

 

 

 

 

0.832% (SOFRRATE + 0.690%) due 04/22/2025 ~

 

200

 

199

2.881% due 04/24/2023 •

 

1,400

 

1,400

Bank of Nova Scotia
1.228% (SOFRINDX + 0.960%) due 03/11/2024 ~

 

1,000

 

1,004

Brandywine Operating Partnership LP
3.950% due 02/15/2023

 

700

 

705

Chubb INA Holdings, Inc.
2.875% due 11/03/2022

 

537

 

540

Citigroup, Inc.

 

 

 

 

0.831% (SOFRRATE + 0.694%) due 01/25/2026 ~(d)

 

1,000

 

984

1.678% due 05/15/2024 •

 

1,000

 

992

DBS Group Holdings Ltd.
0.878% (US0003M + 0.620%) due 07/25/2022 ~

 

2,300

 

2,303

Deutsche Bank AG

 

 

 

 

1.649% (US0003M + 1.190%) due 11/16/2022 ~

 

400

 

401

3.950% due 02/27/2023

 

1,200

 

1,212

European Investment Bank
0.529% (SOFRRATE + 0.290%) due 06/10/2022 ~

 

500

 

500

First American Financial Corp.
4.300% due 02/01/2023

 

1,500

 

1,521

Goldman Sachs Group, Inc.
0.622% (SOFRRATE + 0.490%) due 10/21/2024 ~

 

1,800

 

1,771

JPMorgan Chase & Co.

 

 

 

 

0.768% due 08/09/2025 •

 

800

 

759

1.489% (US0003M + 1.230%) due 10/24/2023 ~

 

1,256

 

1,262

Kimco Realty Corp.
3.375% due 10/15/2022

 

1,200

 

1,206

Lloyds Banking Group PLC
1.326% due 06/15/2023 •

 

500

 

499

Mitsui Fudosan Co. Ltd.
2.950% due 01/23/2023

 

1,800

 

1,805

Mizuho Financial Group, Inc.
1.162% (SOFRRATE + 0.960%) due 05/22/2026 ~

 

2,200

 

2,186

National Bank of Canada
0.550% due 11/15/2024 •

 

500

 

481

Nationwide Building Society
3.622% due 04/26/2023 •

 

2,900

 

2,901

Natwest Group PLC

 

 

 

 

1.976% (US0003M + 1.470%) due 05/15/2023 ~

 

1,700

 

1,702

2.359% due 05/22/2024 •

 

1,000

 

993

Nomura Holdings, Inc.
2.648% due 01/16/2025

 

900

 

876

NongHyup Bank
0.875% due 07/28/2024

 

1,500

 

1,431

NTT Finance Corp.

 

 

 

 

0.373% due 03/03/2023

 

800

 

788

0.583% due 03/01/2024

 

500

 

480

ORIX Corp.
2.900% due 07/18/2022

 

1,000

 

1,004

Protective Life Global Funding
2.924% due 04/15/2022

 

987

 

987

Royal Bank of Canada
0.601% (US0003M + 0.360%) due 01/17/2023 ~

 

547

 

548

 

 

 

Schedule of Investments PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Santander Holdings USA, Inc.
3.400% due 01/18/2023

 

1,700

 

1,711

SL Green Operating Partnership LP
3.250% due 10/15/2022

 

1,900

 

1,904

Societe Generale SA

 

 

 

 

1.178% (SOFRRATE + 1.050%) due 01/21/2026 ~

 

1,000

 

988

3.875% due 03/28/2024

 

200

 

201

Standard Chartered PLC

 

 

 

 

1.214% due 03/23/2025 •

 

600

 

573

1.319% due 10/14/2023 •

 

705

 

699

Sumitomo Mitsui Financial Group, Inc.

 

 

 

 

0.508% due 01/12/2024

 

1,000

 

962

0.981% (US0003M + 0.740%) due 01/17/2023 ~

 

345

 

346

Sumitomo Mitsui Trust Bank Ltd.

 

 

 

 

0.703% (SOFRRATE + 0.440%) due 09/16/2024 ~

 

1,000

 

996

0.850% due 03/25/2024

 

700

 

671

TD Ameritrade Holding Corp.
2.950% due 04/01/2022

 

925

 

925

Toronto-Dominion Bank
1.175% (SOFRRATE + 0.910%) due 03/08/2024 ~

 

1,000

 

1,005

UBS Group AG

 

 

 

 

1.456% (US0003M + 0.950%) due 08/15/2023 ~

 

500

 

501

3.491% due 05/23/2023

 

1,400

 

1,402

USAA Capital Corp.
1.500% due 05/01/2023

 

1,000

 

991

 

 

 

 

56,219

INDUSTRIALS 22.2%

 

 

 

 

ABB Finance USA, Inc.
2.875% due 05/08/2022

 

500

 

500

Amazon.com, Inc.
0.250% due 05/12/2023

 

500

 

493

Aptiv PLC
2.396% due 02/18/2025

 

1,000

 

975

BMW U.S. Capital LLC
2.950% due 04/14/2022

 

500

 

500

Caterpillar, Inc.
8.000% due 02/15/2023

 

300

 

316

Celgene Corp.

 

 

 

 

3.250% due 08/15/2022

 

400

 

402

3.550% due 08/15/2022

 

1,500

 

1,508

Cigna Corp.
0.613% due 03/15/2024

 

300

 

288

Clorox Co.
3.050% due 09/15/2022

 

600

 

602

Conagra Brands, Inc.

 

 

 

 

3.200% due 01/25/2023

 

1,000

 

1,007

3.250% due 09/15/2022

 

1,000

 

1,007

Danone SA
3.000% due 06/15/2022

 

1,200

 

1,204

Dell International LLC
5.450% due 06/15/2023

 

1,760

 

1,814

Discovery Communications LLC
2.950% due 03/20/2023

 

1,000

 

1,003

DS Smith PLC
2.250% due 09/16/2022

EUR

1,200

 

1,333

Fiserv, Inc.
3.500% due 10/01/2022

$

1,500

 

1,506

General Mills, Inc.
6.410% due 10/15/2022

 

200

 

205

GSK Consumer Healthcare Capital U.S. LLC
1.179% (SOFRRATE + 0.890%) due 03/24/2024 ~

 

200

 

200

HCA, Inc.
4.750% due 05/01/2023

 

2,500

 

2,564

Honda Motor Co. Ltd.
2.271% due 03/10/2025

 

400

 

394

International Flavors & Fragrances, Inc.

 

 

 

 

0.697% due 09/15/2022

 

530

 

528

3.200% due 05/01/2023

 

1,100

 

1,104

JDE Peet's NV
0.800% due 09/24/2024

 

1,585

 

1,489

John Lewis PLC
6.125% due 01/21/2025

GBP

1,000

 

1,399

Kia Corp.
1.000% due 04/16/2024

$

700

 

669

Komatsu Finance America, Inc.
2.437% due 09/11/2022

 

2,237

 

2,238

Kraft Heinz Foods Co.
1.186% (US0003M + 0.820%) due 08/10/2022 ~

 

1,100

 

1,099

Lowe's Cos., Inc.
3.120% due 04/15/2022

 

507

 

507

Magallanes, Inc.

 

 

 

 

2.054% (SOFRINDX + 1.780%) due 03/15/2024 ~

 

200

 

202

Schedule of Investments PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

3.528% due 03/15/2024

 

400

 

400

Novartis Capital Corp.
2.400% due 09/21/2022

 

400

 

402

Panasonic Corp.
2.536% due 07/19/2022

 

1,300

 

1,302

Pearson Funding Four Ltd.
3.750% due 05/08/2022

 

2,000

 

2,002

Reckitt Benckiser Treasury Services PLC
2.375% due 06/24/2022

 

1,250

 

1,252

RELX Capital, Inc.
3.500% due 03/16/2023

 

1,800

 

1,816

SK Broadband Co. Ltd.
3.875% due 08/13/2023

 

1,000

 

1,016

SK Telecom Co. Ltd.
3.750% due 04/16/2023

 

1,000

 

1,011

TWDC Enterprises 18 Corp.
2.125% due 09/13/2022

 

683

 

685

Zoetis, Inc.
3.250% due 02/01/2023

 

1,900

 

1,914

 

 

 

 

38,856

UTILITIES 3.1%

 

 

 

 

Avangrid, Inc.
3.150% due 12/01/2024

 

500

 

500

Duke Energy Carolinas LLC
3.350% due 05/15/2022

 

705

 

707

KT Corp.
2.625% due 08/07/2022

 

1,850

 

1,851

Southern California Edison Co.
0.910% (SOFRRATE + 0.640%) due 04/03/2023 ~

 

1,000

 

1,000

Southern Power Co.
0.900% due 01/15/2026

 

200

 

183

Verizon Communications, Inc.

 

 

 

 

1.300% (BBSW3M + 1.220%) due 02/17/2023 ~

AUD

1,000

 

752

1.606% (US0003M + 1.100%) due 05/15/2025 ~

$

500

 

507

 

 

 

 

5,500

Total Corporate Bonds & Notes (Cost $101,598)

 

 

 

100,575

MUNICIPAL BONDS & NOTES 0.4%

 

 

 

 

CALIFORNIA 0.4%

 

 

 

 

California Municipal Finance Authority Revenue Notes, Series 2020
1.486% due 11/01/2022

 

750

 

751

Total Municipal Bonds & Notes (Cost $750)

 

 

 

751

U.S. GOVERNMENT AGENCIES 13.3%

 

 

 

 

Fannie Mae

 

 

 

 

0.456% due 08/25/2044 •(f)

 

1,129

 

1,123

0.807% due 10/25/2058 •(f)

 

980

 

975

0.907% due 03/25/2049 - 11/25/2059 •(f)

 

1,353

 

1,363

0.957% due 05/25/2046 - 11/25/2059 •(f)

 

2,677

 

2,704

1.007% due 12/25/2059 •

 

3,275

 

3,321

Federal Home Loan Bank
1.050% due 08/13/2026

 

1,500

 

1,403

Federal Home Loan Banks

 

 

 

 

0.750% due 11/22/2023

 

1,700

 

1,659

0.800% due 11/27/2023

 

1,000

 

977

1.000% due 11/08/2024

 

1,000

 

962

Freddie Mac

 

 

 

 

0.697% due 08/15/2040 •(f)

 

1,277

 

1,275

0.700% due 12/23/2025

 

2,000

 

1,861

0.797% due 09/15/2045 •(f)

 

623

 

624

0.847% due 11/15/2044 •(f)

 

1,653

 

1,665

0.907% due 09/25/2049 •(f)

 

294

 

294

0.957% due 12/25/2049 •(f)

 

1,180

 

1,187

0.997% due 01/15/2054 •(f)

 

577

 

585

Ginnie Mae
0.450% due 06/20/2051 •

 

1,372

 

1,305

Total U.S. Government Agencies (Cost $23,611)

 

 

 

23,283

NON-AGENCY MORTGAGE-BACKED SECURITIES 5.4%

 

 

 

 

280 Park Avenue Mortgage Trust
1.187% due 09/15/2034 •

 

500

 

498

BSST Mortgage Trust
1.605% due 02/15/2037 ~

 

500

 

498

COLT Mortgage Loan Trust
1.397% due 10/25/2066 ~

 

568

 

537

DROP Mortgage Trust
1.550% due 04/15/2026 •

 

1,000

 

991

Schedule of Investments PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Ellington Financial Mortgage Trust
2.206% due 01/25/2067 ~

 

780

 

742

GCAT Trust
2.885% due 12/27/2066 ~

 

295

 

290

Gemgarto PLC
0.867% due 12/16/2067 •

GBP

462

 

604

Hawksmoor Mortgage Funding PLC
1.240% due 05/25/2053 •

 

273

 

359

Hawksmoor Mortgages
1.240% due 05/25/2053 •

 

614

 

808

Hilton USA Trust
2.828% due 11/05/2035

$

800

 

792

MFA Trust
1.381% due 04/25/2065 ~

 

159

 

157

OBX Trust
2.305% due 11/25/2061 ~

 

763

 

740

Onslow Bay Mortgage Loan Trust

 

 

 

 

1.957% due 10/25/2061 ~

 

638

 

603

2.783% due 01/25/2062 þ

 

595

 

588

RESIMAC Premier
1.021% due 07/10/2052 ~

 

338

 

337

Starwood Mortgage Residential Trust
1.027% due 11/25/2055 ~

 

271

 

265

Towd Point HE Trust
0.918% due 02/25/2063 ~

 

198

 

195

VASA Trust
1.297% due 07/15/2039 •

 

500

 

490

Total Non-Agency Mortgage-Backed Securities (Cost $9,753)

 

 

 

9,494

ASSET-BACKED SECURITIES 18.2%

 

 

 

 

American Money Management Corp. CLO Ltd.
1.111% due 04/17/2029 •

 

543

 

542

Apres Static CLO Ltd.
1.311% due 10/15/2028 •

 

303

 

302

Ares CLO Ltd.
1.111% due 01/15/2029 •

 

852

 

846

College Avenue Student Loans LLC
1.657% due 12/26/2047 •

 

780

 

774

Commonbond Student Loan Trust

 

 

 

 

1.980% due 08/25/2050

 

1,742

 

1,701

3.560% due 09/25/2045

 

796

 

799

Dell Equipment Finance Trust
0.330% due 12/22/2026

 

500

 

494

Dryden Senior Loan Fund
1.221% due 04/15/2028 •

 

400

 

399

FHF Trust
3.100% due 09/15/2025

 

1,000

 

997

GMF Canada Leasing Trust
0.912% due 07/20/2023

CAD

354

 

283

Halseypoint Clo Ltd.
1.354% due 07/20/2031 •

$

1,000

 

997

KVK CLO Ltd.
1.138% due 01/14/2028 •

 

53

 

53

LCM LP
1.118% due 07/19/2027 ~

 

803

 

798

MP CLO Ltd.
1.131% due 10/18/2028 •

 

689

 

686

Nassau Ltd.
1.391% due 10/15/2029 •

 

463

 

463

Navient Private Education Loan Trust

 

 

 

 

1.397% due 04/15/2069 •

 

348

 

345

1.647% due 02/15/2029 ~

 

242

 

243

2.650% due 12/15/2028

 

43

 

43

Navient Private Education Refi Loan Trust

 

 

 

 

1.060% due 10/15/2069

 

1,356

 

1,290

1.310% due 01/15/2069

 

244

 

237

1.580% due 04/15/2070

 

239

 

227

2.400% due 10/15/2068

 

208

 

207

2.600% due 08/15/2068

 

1,296

 

1,284

3.130% due 02/15/2068

 

1,394

 

1,387

Navient Student Loan Trust
1.507% due 06/25/2065 •

 

20

 

20

OCP CLO Ltd.
1.374% due 07/20/2029 •

 

600

 

598

Oscar U.S. Funding Trust LLC
2.760% due 12/10/2024

 

117

 

117

OSD CLO Ltd.
1.835% due 04/17/2031 •

 

1,000

 

989

OZLM Ltd.
1.349% due 04/30/2027 •

 

103

 

103

Palmer Square Loan Funding Ltd.
0.928% due 10/15/2029 •

 

1,800

 

1,785

Schedule of Investments PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

PRET LLC
1.868% due 07/25/2051 þ

 

474

 

451

Santander Retail Auto Lease Trust
0.290% due 04/22/2024

 

402

 

398

SMB Private Education Loan Trust

 

 

 

 

1.197% due 01/15/2053 •

 

1,000

 

999

1.390% due 01/15/2053

 

984

 

910

SoFi Professional Loan Program LLC

 

 

 

 

1.057% due 07/25/2040 •

 

300

 

300

1.157% due 03/26/2040 •

 

603

 

603

1.407% due 01/25/2039 •

 

262

 

263

1.557% due 10/27/2036 •

 

430

 

430

2.630% due 07/25/2040

 

80

 

80

2.720% due 11/26/2040

 

408

 

408

Sound Point CLO Ltd.
1.304% due 10/20/2028 •

 

373

 

372

Stratus CLO Ltd.

 

 

 

 

0.993% due 12/28/2029 •

 

600

 

596

1.043% due 12/29/2029 •

 

800

 

795

Symphony Static CLO Ltd.
0.959% due 10/25/2029 •

 

1,800

 

1,785

Tesla Auto Lease Trust

 

 

 

 

0.360% due 09/22/2025

 

1,000

 

996

0.550% due 05/22/2023

 

86

 

86

2.200% due 11/21/2022

 

1,000

 

1,002

Towd Point Mortgage Trust
3.750% due 05/25/2058 ~

 

433

 

433

Tricolor Auto Securitization Trust
0.740% due 04/15/2024

 

480

 

478

Venture CLO Ltd.

 

 

 

 

1.121% due 07/15/2027 •

 

789

 

790

1.538% due 08/28/2029 •

 

487

 

487

Wellfleet CLO Ltd.
1.144% due 07/20/2029 •

 

179

 

178

Total Asset-Backed Securities (Cost $32,267)

 

 

 

31,849

SOVEREIGN ISSUES 0.8%

 

 

 

 

Israel Government International Bond
0.750% due 07/31/2022

ILS

1,000

 

314

Korea Development Bank
0.941% (US0003M + 0.725%) due 07/06/2022 ~

$

1,090

 

1,092

Total Sovereign Issues (Cost $1,401)

 

 

 

1,406

SHORT-TERM INSTRUMENTS 11.4%

 

 

 

 

COMMERCIAL PAPER 1.5%

 

 

 

 

Humana, Inc.
1.220% due 04/04/2022

 

1,700

 

1,700

Marsh & McLennan Cos., Inc.
0.950% due 04/22/2022

 

500

 

500

Walt Disney Co.
0.800% due 04/29/2022

 

369

 

369

 

 

 

 

2,569

REPURCHASE AGREEMENTS (e) 2.6%

 

 

 

4,500

ISRAEL TREASURY BILLS 1.8%

 

 

 

 

(0.054)% due 10/07/2022 - 12/07/2022 (a)(b)

ILS

10,300

 

3,222

JAPAN TREASURY BILLS 4.7%

 

 

 

 

(0.093)% due 04/11/2022 - 06/20/2022 (a)(b)

JPY

1,011,000

 

8,305

U.S. TREASURY CASH MANAGEMENT BILLS 0.8%

 

 

 

 

0.676% due 07/19/2022 (b)(c)

$

1,400

 

1,397

Total Short-Term Instruments (Cost $20,395)

 

 

 

19,993

Total Investments in Securities (Cost $189,775)

 

 

 

187,351

Total Investments 106.8% (Cost $189,775)

 

 

$

187,351

Financial Derivative Instruments (g) 0.3%(Cost or Premiums, net $0)

 

 

 

516

Other Assets and Liabilities, net (7.1)%

 

 

 

(12,390)

Net Assets 100.0%

 

 

$

175,477

Schedule of Investments PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (Cont.)

March 31, 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)

Coupon represents a yield to maturity.

(d)

RESTRICTED SECURITIES:

Issuer Description

Coupon

Maturity
Date

Acquisition
Date

 

Cost

 

Market
Value

Market Value
as Percentage
of Net Assets

Citigroup, Inc.

0.831

%

01/25/2026

01/18/2022

$

1,000

$

984

0.56

%

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)

TDM

0.280%

03/31/2022

04/01/2022

$

4,500

U.S. Treasury Notes 2.000% due 11/15/2026

$

(4,630)

$

4,500

$

4,500

Total Repurchase Agreements

 

$

(4,630)

$

4,500

$

4,500

REVERSE REPURCHASE AGREEMENTS:

Counterparty

Borrowing Rate

Settlement Date

Maturity Date

 

Amount
Borrowed
(2)

 

Payable for
Reverse
Repurchase
Agreements

BOS

0.600%

03/10/2022

06/14/2022

$

(11,522)

$

(11,527)

Total Reverse Repurchase Agreements

 

 

 

 

 

$

(11,527)

(f)

Securities with an aggregate market value of $11,795 and Cash of $310 has been pledged as collateral under the terms of master agreements as of March 31, 2022.

(1)

Includes accrued interest.

(2)

The average amount of borrowings outstanding during the period ended March 31, 2022 was $(925) at a weighted average interest rate of 0.600%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.

(g)

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

04/2022

JPY

255,000

$

2,216

$

121

$

0

 

09/2022

EUR

1,200

 

1,349

 

11

 

0

BPS

04/2022

AUD

1,003

 

730

 

0

 

(21)

 

04/2022

CAD

447

 

353

 

0

 

(5)

CBK

10/2022

ILS

900

 

288

 

4

 

0

 

11/2022

 

5,704

 

1,828

 

24

 

0

 

12/2022

 

3,101

 

992

 

10

 

0

GLM

08/2022

 

1,007

 

313

 

0

 

(3)

HUS

06/2022

JPY

381,000

 

3,286

 

150

 

0

JPM

04/2022

 

375,000

 

3,221

 

140

 

0

 

12/2022

ILS

600

 

195

 

4

 

0

SCX

04/2022

GBP

2,573

 

3,452

 

73

 

0

 

05/2022

 

2,573

 

3,386

 

8

 

0

Total Forward Foreign Currency Contracts

$

545

$

(29)

FAIR VALUE MEASUREMENTS

Schedule of Investments PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

The following is a summary of the fair valuations according to the inputs used as of March 31, 2022 in valuing the Fund's assets and liabilities:

 

Category and Subcategory

Level 1

Level 2

Level 3

Fair Value
at 03/31/2022

Investments in Securities, at Value

Corporate Bonds & Notes

 

Banking & Finance

$

0

$

56,219

$

0

$

56,219

 

 

Industrials

 

0

 

38,856

 

0

 

38,856

 

 

Utilities

 

0

 

5,500

 

0

 

5,500

 

Municipal Bonds & Notes

 

California

 

0

 

751

 

0

 

751

 

U.S. Government Agencies

 

0

 

23,283

 

0

 

23,283

 

Non-Agency Mortgage-Backed Securities

 

0

 

9,494

 

0

 

9,494

 

Asset-Backed Securities

 

0

 

31,849

 

0

 

31,849

 

Sovereign Issues

 

0

 

1,406

 

0

 

1,406

 

Short-Term Instruments

 

Commercial Paper

 

0

 

2,569

 

0

 

2,569

 

 

Repurchase Agreements

 

0

 

4,500

 

0

 

4,500

 

 

Israel Treasury Bills

 

0

 

3,222

 

0

 

3,222

 

 

Japan Treasury Bills

 

0

 

8,305

 

0

 

8,305

 

 

U.S. Treasury Cash Management Bills

 

0

 

1,397

 

0

 

1,397

 

Total Investments

$

0

$

187,351

$

0

$

187,351

 

Financial Derivative Instruments - Assets

Over the counter

$

0

$

545

$

0

$

545

 

Financial Derivative Instruments - Liabilities

Over the counter

$

0

$

(29)

$

0

$

(29)

 

Total Financial Derivative Instruments

$

0

$

516

$

0

$

516

 

Totals

$

0

$

187,867

$

0

$

187,867

 

 

There were no significant transfers into or out of Level 3 during the period ended March 31, 2022.

 

Schedule of Investments PIMCO Enhanced Short Maturity Active Exchange-Traded Fund

March 31, 2022

(Unaudited)

 

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

 

 

PRINCIPAL
AMOUNT
(000s)

 

MARKET
VALUE
(000s)

INVESTMENTS IN SECURITIES 114.2% ¤

 

 

 

 

CORPORATE BONDS & NOTES 59.0%

 

 

 

 

BANKING & FINANCE 36.5%

 

 

 

 

ADCB Finance Cayman Ltd.
4.000% due 03/29/2023

$

2,366

$

2,400

AerCap Ireland Capital DAC

 

 

 

 

0.951% (SOFRRATE + 0.680%) due 09/29/2023 ~

 

12,450

 

12,331

1.150% due 10/29/2023

 

10,000

 

9,578

1.750% due 10/29/2024

 

23,500

 

22,164

3.300% due 01/23/2023

 

3,550

 

3,562

4.625% due 07/01/2022

 

24,100

 

24,235

AIA Group Ltd.
3.125% due 03/13/2023

 

13,060

 

13,119

Ally Financial, Inc.
4.625% due 05/19/2022

 

11,699

 

11,745

American Express Co.

 

 

 

 

0.927% (US0003M + 0.610%) due 08/01/2022 ~

 

14,200

 

14,197

1.100% (US0003M + 0.620%) due 05/20/2022 ~

 

37,000

 

37,008

American Honda Finance Corp.
1.506% (US0003M + 0.540%) due 06/27/2022 ~

 

79,300

 

79,456

Aozora Bank Ltd.

 

 

 

 

1.050% due 09/09/2024

 

33,380

 

31,871

2.550% due 09/09/2022

 

15,319

 

15,324

Athene Global Funding
2.192% (US0003M + 1.230%) due 07/01/2022 ~

 

134,859

 

135,102

Aviation Capital Group LLC
3.875% due 05/01/2023

 

6,351

 

6,382

Avolon Holdings Funding Ltd.
5.500% due 01/15/2023

 

3,003

 

3,038

Banco Santander SA
1.358% (US0003M + 1.120%) due 04/12/2023 ~

 

7,000

 

7,039

Bank of America Corp.

 

 

 

 

0.832% (SOFRRATE + 0.690%) due 04/22/2025 ~

 

37,879

 

37,683

0.876% due 10/24/2024 •

 

59,200

 

59,257

1.259% (US0003M + 1.000%) due 04/24/2023 ~

 

7,065

 

7,067

1.373% (US0003M + 0.790%) due 03/05/2024 ~

 

35,700

 

35,778

2.881% due 04/24/2023 •

 

750

 

750

Bank of Nova Scotia

 

 

 

 

0.868% (SOFRRATE + 0.610%) due 09/15/2026 ~

 

27,800

 

27,415

1.228% (SOFRINDX + 0.960%) due 03/11/2024 ~

 

24,100

 

24,207

Banque Federative du Credit Mutuel SA
0.650% due 02/27/2024

 

27,200

 

26,047

Barclays PLC
1.839% (US0003M + 1.380%) due 05/16/2024 ~

 

64,482

 

64,805

BNP Paribas SA
1.471% (US0003M + 1.230%) due 01/15/2024 ~

 

4,000

 

4,073

Canadian Imperial Bank of Commerce
0.656% (SOFRRATE + 0.400%) due 12/14/2023 ~

 

8,200

 

8,152

Caterpillar Financial Services Corp.
1.016% (US0003M + 0.510%) due 05/15/2023 ~

 

6,100

 

6,117

Charles Schwab Corp.
0.707% (SOFRINDX + 0.520%) due 05/13/2026 ~

 

29,400

 

29,069

Citigroup, Inc.

 

 

 

 

0.834% (SOFRRATE + 0.669%) due 05/01/2025 ~(d)

 

22,450

 

22,247

1.209% (US0003M + 0.950%) due 07/24/2023 ~

 

23,802

 

23,844

1.546% (US0003M + 1.023%) due 06/01/2024 ~

 

55,800

 

56,115

1.569% (US0003M + 1.100%) due 05/17/2024 ~

 

8,724

 

8,775

1.953% (US0003M + 1.430%) due 09/01/2023 ~

 

63,382

 

63,612

CNH Industrial Capital LLC

 

 

 

 

1.950% due 07/02/2023

 

7,060

 

6,990

4.375% due 04/05/2022

 

3,227

 

3,227

Credit Suisse AG

 

 

 

 

0.548% (SOFRRATE + 0.390%) due 02/02/2024 ~

 

62,400

 

61,926

1.000% due 05/05/2023

 

19,750

 

19,462

Credit Suisse Group AG
2.043% (US0003M + 1.240%) due 06/12/2024 ~

 

6,000

 

6,037

Credit Suisse Group Funding Guernsey Ltd.
3.800% due 09/15/2022

 

11,250

 

11,369

Daiwa Securities Group, Inc.
3.129% due 04/19/2022

 

5,388

 

5,392

Danske Bank AS

 

 

 

 

1.171% due 12/08/2023 •

 

72,979

 

72,064

1.863% (US0003M + 1.060%) due 09/12/2023 ~

 

30,685

 

30,766

 

 

 

Schedule of Investments PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

3.875% due 09/12/2023

 

19,621

 

19,814

5.375% due 01/12/2024

 

46,102

 

47,554

DBS Group Holdings Ltd.
0.878% (US0003M + 0.620%) due 07/25/2022 ~

 

119,068

 

119,217

Deutsche Bank AG

 

 

 

 

0.672% due 11/08/2023 •

 

31,800

 

31,604

1.649% (US0003M + 1.190%) due 11/16/2022 ~

 

14,869

 

14,912

1.738% (US0003M + 1.230%) due 02/27/2023 ~

 

1,850

 

1,860

3.300% due 11/16/2022

 

46,931

 

47,262

3.950% due 02/27/2023

 

58,408

 

59,002

Fidelity National Financial, Inc.
5.500% due 09/01/2022

 

13,000

 

13,189

First Abu Dhabi Bank PJSC

 

 

 

 

1.189% (US0003M + 0.950%) due 04/16/2022 ~

 

25,900

 

25,919

1.189% (US0003M + 0.850%) due 08/08/2023 ~

 

9,000

 

9,011

GA Global Funding Trust

 

 

 

 

0.755% (SOFRRATE + 0.500%) due 09/13/2024 ~

 

50,570

 

49,985

1.000% due 04/08/2024

 

63,200

 

60,548

General Motors Financial Co., Inc.

 

 

 

 

1.199% (US0003M + 0.990%) due 01/05/2023 ~

 

29,040

 

28,986

1.396% (SOFRRATE + 1.200%) due 11/17/2023 ~

 

7,000

 

7,026

2.306% (US0003M + 1.310%) due 06/30/2022 ~

 

10,744

 

10,766

3.150% due 06/30/2022

 

3,500

 

3,509

3.450% due 04/10/2022

 

3,000

 

3,001

3.550% due 07/08/2022

 

33,048

 

33,221

3.700% due 05/09/2023

 

6,986

 

7,059

4.150% due 06/19/2023

 

16,898

 

17,154

Goldman Sachs Group, Inc.

 

 

 

 

0.523% due 03/08/2023

 

1,100

 

1,083

0.622% (SOFRRATE + 0.490%) due 10/21/2024 ~

 

26,600

 

26,167

0.736% due 11/17/2023 •

 

42,600

 

42,396

1.214% (US0003M + 0.750%) due 02/23/2023 ~

 

23,015

 

23,062

1.217% due 12/06/2023

 

10,000

 

9,764

1.648% (SOFRRATE + 1.390%) due 03/15/2024 ~

 

16,000

 

16,111

2.108% (US0003M + 1.600%) due 11/29/2023 ~

 

2,478

 

2,511

2.905% due 07/24/2023 •

 

6,920

 

6,929

2.908% due 06/05/2023 •

 

2,853

 

2,856

3.625% due 02/20/2024

 

26,000

 

26,342

Hana Bank

 

 

 

 

1.067% (US0003M + 0.800%) due 07/26/2023 ~

 

3,000

 

3,016

1.553% (US0003M + 0.750%) due 06/13/2024 ~

 

1,900

 

1,910

1.603% (US0003M + 0.800%) due 03/13/2023 ~

 

20,700

 

20,780

1.667% (US0003M + 0.700%) due 10/02/2022 ~

 

63,230

 

63,349

1.678% (US0003M + 0.875%) due 09/14/2022 ~

 

21,100

 

21,153

Harley-Davidson Financial Services, Inc.

 

 

 

 

2.550% due 06/09/2022

 

31,780

 

31,803

3.350% due 02/15/2023

 

8,500

 

8,525

HSBC Holdings PLC

 

 

 

 

1.488% (US0003M + 1.000%) due 05/18/2024 ~

 

175,085

 

175,706

1.645% due 04/18/2026 •

 

9,700

 

9,137

1.975% (US0003M + 1.230%) due 03/11/2025 ~

 

2,300

 

2,319

Hutchison Whampoa International Ltd.
3.250% due 11/08/2022

 

19,000

 

19,106

Hyundai Capital Services, Inc.

 

 

 

 

0.750% due 09/15/2023

 

13,500

 

13,060

3.000% due 08/29/2022

 

17,600

 

17,652

3.750% due 03/05/2023

 

3,410

 

3,450

ING Groep NV
1.962% (US0003M + 1.000%) due 10/02/2023 ~

 

37,989

 

38,226

International Bank for Reconstruction & Development

 

 

 

 

0.231% due 01/13/2023 •

 

62,000

 

62,010

0.650% due 02/10/2026

 

70,100

 

65,027

Jackson National Life Global Funding
1.696% (US0003M + 0.730%) due 06/27/2022 ~

 

22,670

 

22,695

John Deere Capital Corp.
1.090% (US0003M + 0.480%) due 09/08/2022 ~

 

10,146

 

10,147

JPMorgan Chase & Co.

 

 

 

 

0.845% (SOFRRATE + 0.580%) due 03/16/2024 ~

 

25,746

 

25,674

0.989% (US0003M + 0.730%) due 04/23/2024 ~

 

25,991

 

26,065

1.134% due 02/24/2026 •

 

18,000

 

17,992

1.149% (US0003M + 0.890%) due 07/23/2024 ~

 

8,879

 

8,930

1.489% (US0003M + 1.230%) due 10/24/2023 ~

 

62,775

 

63,090

2.776% due 04/25/2023 •

 

7,320

 

7,322

3.207% due 04/01/2023 •

 

9,600

 

9,605

Kookmin Bank
2.875% due 03/25/2023

 

1,180

 

1,186

KSA Sukuk Ltd.
2.894% due 04/20/2022

 

25,000

 

25,014

Lloyds Banking Group PLC

 

 

 

 

1.326% due 06/15/2023 •

 

10,000

 

9,976

2.907% due 11/07/2023 •

 

14,000

 

14,024

4.050% due 08/16/2023

 

720

 

733

Mitsubishi HC Capital, Inc.

 

 

 

 

2.652% due 09/19/2022

 

6,448

 

6,467

Schedule of Investments PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

3.559% due 02/28/2024

 

9,300

 

9,387

Mitsubishi UFJ Financial Group, Inc.

 

 

 

 

1.048% (US0003M + 0.790%) due 07/25/2022 ~

 

73,672

 

73,793

1.127% (US0003M + 0.860%) due 07/26/2023 ~

 

37,201

 

37,390

1.244% (US0003M + 0.740%) due 03/02/2023 ~

 

44,074

 

44,172

Mitsui Fudosan Co. Ltd.
2.950% due 01/23/2023

 

5,000

 

5,015

Mizuho Financial Group, Inc.

 

 

 

 

1.128% (US0003M + 0.630%) due 05/25/2024 ~

 

75,510

 

75,524

1.162% (SOFRRATE + 0.960%) due 05/22/2026 ~(b)

 

46,640

 

46,346

1.220% (US0003M + 0.610%) due 09/08/2024 ~

 

41,300

 

41,280

1.226% (US0003M + 0.990%) due 07/10/2024 ~

 

29,300

 

29,435

1.653% (US0003M + 0.850%) due 09/13/2023 ~

 

25,765

 

25,815

Morgan Stanley

 

 

 

 

0.731% due 04/05/2024 •

 

21,200

 

20,774

1.184% (SOFRRATE + 0.950%) due 02/18/2026 ~

 

106,700

 

106,789

1.559% (US0003M + 1.220%) due 05/08/2024 ~

 

9,321

 

9,386

Nationwide Building Society

 

 

 

 

0.550% due 01/22/2024

 

37,000

 

35,494

3.622% due 04/26/2023 •

 

7,782

 

7,784

Natwest Group PLC

 

 

 

 

1.976% (US0003M + 1.470%) due 05/15/2023 ~

 

177,424

 

177,608

2.516% (US0003M + 1.550%) due 06/25/2024 ~

 

7,500

 

7,570

NatWest Group PLC

 

 

 

 

3.498% due 05/15/2023 •

 

7,300

 

7,311

3.875% due 09/12/2023

 

1,100

 

1,112

Nissan Motor Acceptance Co. LLC

 

 

 

 

0.894% (US0003M + 0.650%) due 07/13/2022 ~

 

26,583

 

26,554

1.250% (US0003M + 0.640%) due 03/08/2024 ~

 

29,470

 

29,325

1.656% due 09/28/2022 •

 

20,509

 

20,470

2.600% due 09/28/2022

 

20,451

 

20,454

2.650% due 07/13/2022

 

21,373

 

21,413

3.450% due 03/15/2023

 

3,421

 

3,438

3.875% due 09/21/2023

 

5,200

 

5,232

Nomura Holdings, Inc.
2.648% due 01/16/2025

 

75,200

 

73,221

NongHyup Bank
0.875% due 07/28/2024

 

12,100

 

11,543

NTT Finance Corp.
0.373% due 03/03/2023

 

34,000

 

33,506

ORIX Corp.
4.050% due 01/16/2024

 

22,313

 

22,755

Park Aerospace Holdings Ltd.

 

 

 

 

4.500% due 03/15/2023

 

9,645

 

9,718

5.250% due 08/15/2022

 

4,584

 

4,614

Protective Life Global Funding
2.615% due 08/22/2022

 

8,900

 

8,942

QNB Finance Ltd.

 

 

 

 

1.315% (US0003M + 1.000%) due 05/02/2022 ~

 

52,450

 

52,466

2.178% (US0003M + 1.250%) due 03/21/2024 ~

 

25,000

 

25,102

Royal Bank of Canada

 

 

 

 

0.601% (US0003M + 0.360%) due 01/17/2023 ~

 

35,100

 

35,146

0.655% (SOFRRATE + 0.525%) due 01/20/2026 ~

 

31,476

 

31,220

Santander Holdings USA, Inc.
3.400% due 01/18/2023

 

70,284

 

70,734

Santander U.K. Group Holdings PLC
1.089% due 03/15/2025 •

 

35,000

 

33,313

Skandinaviska Enskilda Banken AB
1.448% (US0003M + 0.645%) due 12/12/2022 ~

 

60,500

 

60,639

SL Green Operating Partnership LP
3.250% due 10/15/2022

 

3,510

 

3,518

SMBC Aviation Capital Finance DAC
3.000% due 07/15/2022

 

3,531

 

3,536

Societe Generale SA

 

 

 

 

3.875% due 03/28/2024

 

32,990

 

33,065

4.250% due 09/14/2023

 

18,708

 

18,965

Standard Chartered PLC

 

 

 

 

1.136% (SOFRRATE + 0.930%) due 11/23/2025 ~

 

12,900

 

12,759

1.319% due 10/14/2023 •

 

20,199

 

20,014

1.365% (SOFRRATE + 1.250%) due 10/14/2023 ~

 

14,200

 

14,248

2.030% (SOFRRATE + 1.740%) due 03/30/2026 ~

 

5,300

 

5,336

Sumitomo Mitsui Financial Group, Inc.

 

 

 

 

0.981% (US0003M + 0.740%) due 10/18/2022 ~

 

4,500

 

4,509

0.981% (US0003M + 0.740%) due 01/17/2023 ~

 

943

 

946

0.984% (SOFRRATE + 0.880%) due 01/14/2027 ~

 

43,300

 

43,148

Sumitomo Mitsui Trust Bank Ltd.

 

 

 

 

0.703% (SOFRRATE + 0.440%) due 09/16/2024 ~

 

26,475

 

26,368

0.800% due 09/12/2023

 

6,000

 

5,843

0.850% due 03/25/2024

 

65,950

 

63,239

2.550% due 03/10/2025

 

4,100

 

4,015

Synchrony Bank
3.000% due 06/15/2022

 

26,808

 

26,855

Synchrony Financial
2.850% due 07/25/2022

 

24,575

 

24,645

Schedule of Investments PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Toronto-Dominion Bank
1.175% (SOFRRATE + 0.910%) due 03/08/2024 ~

 

34,000

 

34,160

Toyota Motor Credit Corp.

 

 

 

 

0.869% due 05/17/2022 •

 

13,250

 

13,259

1.090% (US0003M + 0.480%) due 09/08/2022 ~

 

10,600

 

10,593

UBS AG

 

 

 

 

0.536% (SOFRRATE + 0.360%) due 02/09/2024 ~

 

14,800

 

14,703

0.626% due 08/09/2024 •

 

50,000

 

49,747

UBS Group AG

 

 

 

 

1.456% due 08/15/2023 •

 

2,600

 

2,604

1.456% (US0003M + 0.950%) due 08/15/2023 ~

 

72,186

 

72,305

2.859% due 08/15/2023 •

 

3,800

 

3,806

3.491% due 05/23/2023

 

26,500

 

26,540

Wells Fargo & Co.
1.529% (US0003M + 1.230%) due 10/31/2023 ~

 

167,791

 

168,580

Woori Bank
1.185% (US0003M + 0.870%) due 02/01/2023 ~

 

2,000

 

2,006

 

 

 

 

4,794,868

INDUSTRIALS 14.6%

 

 

 

 

AbbVie, Inc.
1.130% (US0003M + 0.650%) due 11/21/2022 ~

 

41,690

 

41,794

Altria Group, Inc.

 

 

 

 

2.850% due 08/09/2022

 

18,000

 

18,084

2.950% due 05/02/2023

 

6,000

 

6,014

Apple, Inc.
0.727% (US0003M + 0.350%) due 05/11/2022 ~

 

100

 

100

Barry Callebaut Services NV
5.500% due 06/15/2023

 

1,610

 

1,651

BAT Capital Corp.
1.386% (US0003M + 0.880%) due 08/15/2022 ~

 

170,613

 

170,817

Bayer U.S. Finance LLC

 

 

 

 

1.836% (US0003M + 1.010%) due 12/15/2023 ~

 

42,800

 

43,012

3.875% due 12/15/2023

 

12,238

 

12,371

BMW Finance NV

 

 

 

 

1.185% (US0003M + 0.790%) due 08/12/2022 ~

 

35,000

 

35,057

2.250% due 08/12/2022

 

4,600

 

4,611

BMW U.S. Capital LLC

 

 

 

 

0.768% (US0003M + 0.530%) due 04/14/2022 ~

 

15,838

 

15,839

0.856% (US0003M + 0.640%) due 04/06/2022 ~

 

27,864

 

27,865

Boeing Co.

 

 

 

 

1.167% due 02/04/2023

 

40,610

 

40,304

1.433% due 02/04/2024

 

72,917

 

70,569

1.875% due 06/15/2023

 

8,000

 

7,906

2.800% due 03/01/2023

 

425

 

427

4.508% due 05/01/2023

 

99,805

 

101,552

BP Capital Markets America, Inc.
1.578% (US0003M + 0.650%) due 09/19/2022 ~

 

38,753

 

38,778

Bristol-Myers Squibb Co.
0.839% (US0003M + 0.380%) due 05/16/2022 ~

 

56,600

 

56,606

CenterPoint Energy Resources Corp.
1.004% (US0003M + 0.500%) due 03/02/2023 ~

 

24,381

 

24,311

Charter Communications Operating LLC

 

 

 

 

1.967% (US0003M + 1.650%) due 02/01/2024 ~

 

48,093

 

49,043

4.464% due 07/23/2022

 

107,365

 

107,766

Cigna Corp.

 

 

 

 

0.613% due 03/15/2024

 

8,100

 

7,773

1.131% (US0003M + 0.890%) due 07/15/2023 ~

 

28,000

 

28,209

3.750% due 07/15/2023

 

4,942

 

5,016

Conagra Brands, Inc.
0.500% due 08/11/2023

 

8,800

 

8,523

ConocoPhillips Co.
2.125% due 03/08/2024

 

35,000

 

34,695

Constellation Brands, Inc.

 

 

 

 

3.200% due 02/15/2023

 

2,100

 

2,122

4.250% due 05/01/2023

 

20,115

 

20,498

Daimler Finance North America LLC
1.151% (US0003M + 0.840%) due 05/04/2023 ~

 

3,200

 

3,214

Daimler Trucks Finance North America LLC

 

 

 

 

0.765% (SOFRRATE + 0.500%) due 06/14/2023 ~

 

39,800

 

39,687

0.865% (SOFRRATE + 0.600%) due 12/14/2023 ~

 

23,400

 

23,358

1.015% (SOFRRATE + 0.750%) due 12/13/2024 ~

 

1,000

 

992

Discovery Communications LLC
2.950% due 03/20/2023

 

435

 

436

Enbridge, Inc.
0.550% due 10/04/2023

 

12,100

 

11,733

Entergy Louisiana LLC
0.950% due 10/01/2024

 

8,200

 

7,821

ERAC USA Finance LLC
3.300% due 10/15/2022

 

1,000

 

1,008

Fidelity National Information Services, Inc.
0.375% due 03/01/2023

 

10,200

 

10,022

Schedule of Investments PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Fiserv, Inc.
3.500% due 10/01/2022

 

4,249

 

4,267

General Mills, Inc.
6.410% due 10/15/2022

 

21,400

 

21,882

General Motors Co.

 

 

 

 

4.875% due 10/02/2023

 

3,242

 

3,341

5.400% due 10/02/2023 (d)

 

2,500

 

2,588

GSK Consumer Healthcare Capital U.S. LLC
1.179% (SOFRRATE + 0.890%) due 03/24/2024 ~

 

18,900

 

18,931

Humana, Inc.
0.650% due 08/03/2023

 

33,000

 

32,209

Huntington Ingalls Industries, Inc.
0.670% due 08/16/2023

 

11,900

 

11,553

Hyundai Capital America

 

 

 

 

0.800% due 04/03/2023

 

39,730

 

39,000

0.800% due 01/08/2024

 

5,000

 

4,776

1.250% due 09/18/2023

 

475

 

463

2.375% due 02/10/2023

 

20,563

 

20,505

2.850% due 11/01/2022

 

23,148

 

23,224

3.250% due 09/20/2022

 

16,184

 

16,268

4.125% due 06/08/2023

 

970

 

983

5.750% due 04/06/2023

 

20,303

 

20,873

Illumina, Inc.
0.550% due 03/23/2023

 

21,500

 

21,101

Imperial Brands Finance PLC

 

 

 

 

3.500% due 02/11/2023

 

27,489

 

27,630

3.750% due 07/21/2022

 

70,625

 

70,796

Kia Corp.

 

 

 

 

1.000% due 04/16/2024

 

2,200

 

2,103

3.000% due 04/25/2023

 

28,365

 

28,467

Komatsu Finance America, Inc.
2.437% due 09/11/2022

 

10,550

 

10,554

Leidos, Inc.
2.950% due 05/15/2023

 

34,357

 

34,473

Lennar Corp.
4.750% due 11/15/2022

 

18,828

 

19,021

Magallanes, Inc.

 

 

 

 

2.054% (SOFRINDX + 1.780%) due 03/15/2024 ~

 

19,700

 

19,886

3.528% due 03/15/2024

 

38,100

 

38,094

Martin Marietta Materials, Inc.
0.650% due 07/15/2023

 

21,520

 

21,019

Mondelez International, Inc.
2.125% due 03/17/2024 (f)

 

6,400

 

6,357

NetApp, Inc.
3.250% due 12/15/2022

 

510

 

512

Nissan Motor Co. Ltd.
3.043% due 09/15/2023

 

3,321

 

3,315

Panasonic Corp.
2.536% due 07/19/2022

 

16,460

 

16,484

Penske Truck Leasing Co. LP

 

 

 

 

2.700% due 03/14/2023

 

15,635

 

15,712

4.125% due 08/01/2023

 

2,143

 

2,170

Pioneer Natural Resources Co.
0.550% due 05/15/2023

 

22,200

 

21,719

RELX Capital, Inc.
3.500% due 03/16/2023

 

1,770

 

1,786

Saudi Arabian Oil Co.
2.750% due 04/16/2022

 

11,495

 

11,501

Schneider Electric SE
2.950% due 09/27/2022

 

6,714

 

6,765

SK Broadband Co. Ltd.
3.875% due 08/13/2023

 

15,632

 

15,873

SK Hynix, Inc.
1.000% due 01/19/2024

 

4,000

 

3,843

SK Telecom Co. Ltd.
3.750% due 04/16/2023

 

1,400

 

1,416

Sky Ltd.
3.125% due 11/26/2022

 

1,500

 

1,511

Southern Natural Gas Co. LLC
0.625% due 04/28/2023

 

7,000

 

6,865

Stellantis NV
5.250% due 04/15/2023

 

4,985

 

5,094

Suntory Holdings Ltd.
2.550% due 06/28/2022

 

2,791

 

2,795

Thermo Fisher Scientific, Inc.

 

 

 

 

0.468% (SOFRINDX + 0.350%) due 04/18/2023 ~

 

44,000

 

43,977

0.508% (SOFRINDX + 0.390%) due 10/18/2023 ~

 

39,900

 

39,763

0.797% due 10/18/2023

 

3,500

 

3,416

Time Warner Entertainment Co. LP
8.375% due 03/15/2023

 

13,192

 

13,896

Verisk Analytics, Inc.
4.125% due 09/12/2022

 

489

 

494

VMware, Inc.
0.600% due 08/15/2023

 

19,300

 

18,766

Schedule of Investments PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Volkswagen Group of America Finance LLC

 

 

 

 

0.750% due 11/23/2022

 

30,800

 

30,544

2.900% due 05/13/2022

 

40,755

 

40,809

4.250% due 11/13/2023

 

9,313

 

9,491

Zoetis, Inc.
3.250% due 02/01/2023

 

6,600

 

6,648

 

 

 

 

1,925,113

UTILITIES 7.9%

 

 

 

 

American Electric Power Co., Inc.
0.797% (US0003M + 0.480%) due 11/01/2023 ~

 

163,600

 

163,432

AT&T, Inc.
1.285% (US0003M + 0.890%) due 02/15/2023 ~

 

74,811

 

75,130

Atmos Energy Corp.

 

 

 

 

0.625% due 03/09/2023

 

26,600

 

26,218

1.023% (US0003M + 0.380%) due 03/09/2023 ~

 

114,700

 

114,566

BP Capital Markets PLC
1.578% (US0003M + 0.650%) due 09/19/2022 ~

 

1,000

 

1,001

Chugoku Electric Power Co., Inc.
2.401% due 08/27/2024

 

7,000

 

6,877

Cleco Power LLC
1.326% (US0003M + 0.500%) due 06/15/2023 ~

 

2,900

 

2,900

Dominion Energy, Inc.
1.356% (US0003M + 0.530%) due 09/15/2023 ~

 

48,612

 

48,541

Enel Finance International NV
2.650% due 09/10/2024

 

14,100

 

13,900

Engie SA
2.875% due 10/10/2022

 

10,000

 

10,040

Kansai Electric Power Co., Inc.
2.550% due 09/17/2024

 

14,272

 

14,101

KT Corp.
2.625% due 08/07/2022 (b)

 

14,340

 

14,350

Mississippi Power Co.
0.571% (SOFRRATE + 0.300%) due 06/28/2024 ~

 

16,575

 

16,432

NextEra Energy Capital Holdings, Inc.

 

 

 

 

0.750% (US0003M + 0.270%) due 02/22/2023 ~

 

20,450

 

20,383

0.764% (SOFRRATE + 0.540%) due 03/01/2023 ~

 

28,500

 

28,475

1.309% (SOFRINDX + 1.020%) due 03/21/2024 ~

 

28,000

 

28,024

Niagara Mohawk Power Corp.
2.721% due 11/28/2022

 

5,500

 

5,534

Oklahoma Gas & Electric Co.
0.553% due 05/26/2023

 

14,000

 

13,704

Pacific Gas & Electric Co.

 

 

 

 

1.338% (SOFRINDX + 1.150%) due 11/14/2022 ~

 

5,715

 

5,717

1.700% due 11/15/2023

 

14,000

 

13,655

1.750% due 06/16/2022

 

61,700

 

61,637

2.365% (US0003M + 1.480%) due 06/16/2022 ~

 

104,763

 

104,748

4.250% due 08/01/2023

 

1,600

 

1,616

SGSP Australia Assets Pty. Ltd.
3.300% due 04/09/2023

 

11,350

 

11,419

Southern California Edison Co.

 

 

 

 

0.700% due 04/03/2023

 

27,400

 

26,992

0.700% due 08/01/2023

 

20,400

 

19,881

0.910% (SOFRRATE + 0.640%) due 04/03/2023 ~

 

62,700

 

62,687

Southern California Gas Co.
1.153% (US0003M + 0.350%) due 09/14/2023 ~

 

9,700

 

9,683

Verizon Communications, Inc.
1.606% (US0003M + 1.100%) due 05/15/2025 ~

 

111,563

 

113,066

 

 

 

 

1,034,709

Total Corporate Bonds & Notes (Cost $7,814,100)

 

 

 

7,754,690

MUNICIPAL BONDS & NOTES 0.1%

 

 

 

 

CALIFORNIA 0.1%

 

 

 

 

Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021
1.337% due 06/01/2023

 

6,000

 

6,000

Total Municipal Bonds & Notes (Cost $6,000)

 

 

 

6,000

U.S. GOVERNMENT AGENCIES 11.4%

 

 

 

 

Fannie Mae

 

 

 

 

0.406% due 06/25/2048 •

 

9,650

 

9,669

0.426% due 08/25/2044 •

 

3,395

 

3,394

0.456% due 08/25/2044 - 12/25/2048 •

 

33,080

 

32,984

0.487% due 01/25/2037 •

 

273

 

275

0.506% due 07/25/2044 - 03/25/2060 •

 

27,619

 

27,681

0.556% due 07/25/2046 - 08/25/2050 •

 

18,551

 

18,527

0.587% due 08/25/2049 •

 

12,790

 

12,703

0.606% due 07/25/2046 •

 

4,571

 

4,593

0.707% due 05/25/2037 •

 

13

 

13

0.757% due 12/25/2045 •

 

2,182

 

2,181

Schedule of Investments PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

0.787% due 02/25/2037 •

 

18

 

18

0.807% due 11/25/2036 •

 

50

 

50

0.857% due 06/25/2026 •

 

82

 

82

0.867% due 09/25/2035 •

 

281

 

282

0.868% due 04/18/2028 - 09/18/2031 •

 

407

 

408

0.875% due 12/18/2026

 

79,600

 

73,317

0.877% due 03/25/2037 •

 

197

 

198

0.907% due 02/25/2038 - 06/25/2059 •

 

12,314

 

12,392

0.957% due 06/25/2031 - 11/25/2059 •

 

31,778

 

31,937

0.968% due 05/18/2032 •

 

82

 

83

1.007% due 12/25/2059 •

 

2,978

 

3,019

1.018% due 03/18/2032 •

 

84

 

85

1.137% due 12/25/2037 •

 

320

 

325

1.157% due 05/25/2037 •

 

65

 

66

1.207% due 03/25/2037 - 02/25/2040 •

 

60

 

62

1.237% due 02/25/2038 •

 

702

 

717

1.307% due 07/25/2038 •

 

38

 

39

1.357% due 03/25/2032 •

 

16

 

16

2.000% due 12/25/2044

 

1,203

 

1,152

2.033% due 05/01/2038 •

 

279

 

291

2.336% due 01/01/2036 •

 

2,106

 

2,212

Federal Home Loan Bank

 

 

 

 

0.625% due 11/27/2024

 

63,000

 

59,903

0.790% due 02/25/2026

 

25,000

 

23,498

0.900% due 03/03/2026

 

46,300

 

43,261

0.960% due 03/05/2026

 

167,200

 

156,929

1.000% due 03/23/2026

 

28,275

 

26,556

1.050% due 08/13/2026

 

130,600

 

122,155

1.100% due 08/20/2026

 

85,000

 

79,325

1.110% due 07/27/2026

 

46,000

 

42,989

Federal Home Loan Banks

 

 

 

 

0.750% due 11/22/2023

 

57,300

 

55,928

0.800% due 11/27/2023

 

20,000

 

19,541

Freddie Mac

 

 

 

 

0.426% due 05/15/2038 •

 

2,418

 

2,419

0.436% due 05/15/2041 •

 

2,664

 

2,668

0.456% due 03/15/2037 - 03/15/2043 •

 

42,024

 

41,558

0.506% due 12/15/2042 - 11/15/2044 •

 

6,075

 

6,118

0.526% due 06/15/2044 •

 

7,862

 

7,838

0.556% due 12/15/2037 ~

 

1,485

 

1,484

0.647% due 11/15/2036 - 01/15/2040 •

 

16

 

16

0.717% due 02/15/2037 •

 

724

 

724

0.817% due 04/15/2041 •

 

205

 

206

0.847% due 09/15/2048 ~

 

1,039

 

1,045

0.847% due 04/15/2049 •

 

3,849

 

3,866

0.897% due 07/15/2039 •

 

29

 

30

0.907% due 09/25/2049 •

 

12,922

 

12,982

0.957% due 12/25/2049 •

 

4,535

 

4,565

1.000% due 01/15/2041 - 09/15/2044

 

91,056

 

84,751

2.322% due 09/01/2037 •

 

1,618

 

1,699

Ginnie Mae

 

 

 

 

0.306% due 06/20/2066 ~

 

278

 

277

0.450% due 06/20/2051 - 07/20/2051 •

 

261,224

 

248,271

0.456% due 08/20/2065 ~

 

12,076

 

12,023

0.576% due 06/20/2067 •

 

1,218

 

1,214

0.606% due 03/20/2061 - 07/20/2067 •

 

5,811

 

5,798

0.631% due 06/20/2046 •

 

17,780

 

17,820

0.706% due 05/20/2065 - 12/20/2068 •

 

14,607

 

14,455

0.756% due 12/20/2064 - 10/20/2065 •

 

16,655

 

16,673

0.849% due 07/20/2049 •

 

7,391

 

7,392

0.886% due 09/20/2066 •

 

1,405

 

1,411

0.899% due 03/20/2049 - 06/20/2049 •

 

11,971

 

11,994

0.899% due 04/20/2049 ~

 

5,792

 

5,809

0.906% due 07/20/2066 •

 

2,534

 

2,545

0.936% due 08/20/2066 •

 

875

 

881

1.026% due 07/20/2065 •

 

4,612

 

4,645

1.029% due 04/20/2067 •

 

1,504

 

1,499

1.031% due 06/20/2067 •

 

5,496

 

5,519

1.049% due 09/20/2040 •

 

3,769

 

3,798

1.069% due 05/20/2041 •

 

7,375

 

7,437

1.079% due 10/20/2040 •

 

6,807

 

6,866

1.099% due 05/20/2041 •

 

2,002

 

2,020

1.106% due 01/20/2066 •

 

4,216

 

4,258

1.131% due 01/16/2040 •

 

2,753

 

2,790

1.140% due 05/20/2063 •

 

641

 

637

1.149% due 04/20/2070 •

 

41,381

 

41,594

1.156% due 02/20/2066 •

 

10,106

 

10,216

1.189% due 02/20/2040 •

 

2,368

 

2,397

1.199% due 03/20/2040 •

 

6,459

 

6,543

1.219% due 04/20/2040 •

 

4,851

 

4,911

1.249% due 03/20/2040 •

 

5,087

 

5,158

2.500% due 01/20/2049 - 10/20/2049

 

3,466

 

3,391

3.000% due 07/20/2046

 

458

 

456

6.000% due 12/15/2033

 

12

 

13

Schedule of Investments PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

6.500% due 11/15/2033 - 09/15/2034

 

19

 

19

7.000% due 02/15/2024 - 07/15/2032

 

49

 

48

7.500% due 07/15/2024 - 06/15/2028

 

31

 

31

Total U.S. Government Agencies (Cost $1,565,460)

 

 

 

1,501,634

U.S. TREASURY OBLIGATIONS 15.1%

 

 

 

 

U.S. Treasury Notes

 

 

 

 

0.875% due 01/31/2024 (f)

 

427,300

 

416,484

2.250% due 03/31/2024 (f)

 

1,576,300

 

1,574,237

Total U.S. Treasury Obligations (Cost $1,996,471)

 

 

 

1,990,721

NON-AGENCY MORTGAGE-BACKED SECURITIES 9.4%

 

 

 

 

AREIT Trust

 

 

 

 

1.184% due 09/14/2036 •

 

3,180

 

3,173

1.300% due 11/17/2024 •

 

40,800

 

40,396

1.477% due 07/17/2026 •

 

32,100

 

32,042

Arroyo Mortgage Trust
1.175% due 10/25/2048 ~

 

19,238

 

18,306

Ashford Hospitality Trust

 

 

 

 

1.297% due 04/15/2035 •

 

1,819

 

1,787

1.397% due 06/15/2035 •

 

9,300

 

9,227

BDS Ltd.
1.464% due 09/15/2035 •

 

18,905

 

18,689

Bear Stearns Adjustable Rate Mortgage Trust
2.480% due 08/25/2033 ~

 

341

 

351

Beast Mortgage Trust
1.447% due 03/15/2036 •

 

600

 

591

Beneria Cowen & Pritzer Collateral Funding Corp.
1.196% due 06/15/2038 •

 

5,500

 

5,390

BFLD Trust
1.547% due 10/15/2035 •

 

12,000

 

11,880

BHP Trust
1.372% due 08/15/2036 •

 

2,561

 

2,525

BPCRE Ltd.
1.291% due 02/15/2037 •

 

88

 

87

Brass PLC
1.159% due 11/16/2066 •

 

3,645

 

3,654

BSST Mortgage Trust
1.605% due 02/15/2037 ~

 

8,000

 

7,975

BXMT Ltd.
1.564% due 11/15/2037 •

 

57,900

 

57,556

CGRBS Commercial Mortgage Trust
3.369% due 03/13/2035

 

1,480

 

1,485

COLT Mortgage Loan Trust
1.397% due 10/25/2066 ~

 

30,973

 

29,292

Commercial Mortgage Trust
1.697% due 12/15/2038 •

 

10,000

 

9,881

Credit Suisse Mortgage Capital Trust

 

 

 

 

1.147% due 07/15/2032 •

 

13,000

 

12,626

1.747% due 10/15/2037 •

 

8,700

 

8,684

CRSNT Commercial Mortgage Trust
1.220% due 04/15/2036 •

 

52,400

 

51,672

DBCG Mortgage Trust
1.097% due 06/15/2034 ~

 

78,640

 

77,870

DBWF Mortgage Trust
1.479% due 12/19/2030 ~

 

900

 

893

Ellington Financial Mortgage Trust
2.206% due 01/25/2067 ~

 

45,250

 

43,012

Extended Stay America Trust
1.477% due 07/15/2038 •

 

2,385

 

2,360

GCAT Trust

 

 

 

 

2.650% due 10/25/2068 ~

 

2,511

 

2,472

2.885% due 12/27/2066 ~

 

27,860

 

27,385

Gosforth Funding PLC
0.948% due 08/25/2060 •

 

2,551

 

2,551

GPMT Ltd.
1.718% due 07/16/2035 •

 

33,109

 

33,019

GS Mortgage Securities Corp. Trust
1.297% due 07/15/2031 •

 

9,100

 

8,968

GS Mortgage Securities Trust
3.648% due 01/10/2047

 

3,515

 

3,548

GS Mortgage-Backed Securities Corp. Trust
1.750% due 12/25/2060 ~

 

62,855

 

61,199

Hilton USA Trust
2.828% due 11/05/2035

 

11,600

 

11,483

IMT Trust
1.097% due 06/15/2034 •

 

2,112

 

2,098

JP Morgan Chase Commercial Mortgage Securities Trust
1.397% due 09/15/2029 •

 

39,072

 

38,912

Legacy Mortgage Asset Trust
1.892% due 10/25/2066 þ

 

5,973

 

5,802

Schedule of Investments PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

LoanCore Issuer Ltd.
0.964% due 07/15/2035 •

 

14,862

 

14,736

LUXE Commercial Mortgage Trust
1.447% due 10/15/2038 •

 

26,000

 

25,598

MAD Mortgage Trust
2.976% due 08/15/2034 ~

 

3,528

 

3,455

Mellon Residential Funding Corp. Mortgage Pass-Through Certificates
1.097% due 11/15/2031 •

 

396

 

400

MF1 Ltd.
1.371% due 12/15/2034 •

 

2,700

 

2,673

MFA Trust

 

 

 

 

1.131% due 07/25/2060 ~

 

41,607

 

39,641

1.381% due 04/25/2065 ~

 

17,396

 

17,161

Mill City Mortgage Loan Trust
2.750% due 07/25/2059 ~

 

770

 

767

Morgan Stanley Capital Trust

 

 

 

 

1.247% due 11/15/2034 •

 

4,690

 

4,647

1.297% due 07/15/2035 •

 

2,300

 

2,275

1.566% due 12/15/2023 ~

 

47,200

 

46,881

Natixis Commercial Mortgage Securities Trust
1.347% due 08/15/2038 •

 

3,000

 

2,928

OBX Trust
2.305% due 11/25/2061 ~

 

51,477

 

49,926

Onslow Bay Mortgage Loan Trust

 

 

 

 

1.957% due 10/25/2061 ~

 

35,802

 

33,817

2.783% due 01/25/2062 þ

 

53,189

 

52,510

PFP Ltd.

 

 

 

 

1.247% due 04/14/2038 •

 

31,368

 

30,978

1.481% due 04/14/2037 •

 

12,928

 

12,835

Ready Capital Mortgage Financing LLC

 

 

 

 

1.457% due 04/25/2038 •

 

23,295

 

23,262

1.756% due 01/25/2037 •

 

25,000

 

25,035

RESIMAC Bastille Trust
0.885% due 02/03/2053 •

 

31,072

 

30,917

RESIMAC Premier
1.021% due 07/10/2052 ~

 

8,450

 

8,432

Starwood Mortgage Residential Trust
1.027% due 11/25/2055 ~

 

6,467

 

6,334

Starwood Mortgage Trust
1.255% due 11/15/2036 •

 

17,200

 

16,883

Tharaldson Hotel Portfolio Trust
1.340% due 11/11/2034 •

 

4,467

 

4,410

Towd Point HE Trust
0.918% due 02/25/2063 ~

 

13,300

 

13,084

UBS-Barclays Commercial Mortgage Trust
1.142% due 04/10/2046 •

 

14,051

 

14,006

Verus Securitization Trust

 

 

 

 

0.820% due 10/25/2063 ~

 

11,241

 

10,995

1.630% due 10/25/2066 ~

 

45,978

 

44,072

VMC Finance LLC
1.568% due 06/16/2036 ~

 

18,581

 

18,423

Wells Fargo Commercial Mortgage Trust

 

 

 

 

1.237% due 12/13/2031 •

 

5,400

 

5,338

1.491% due 07/15/2046 •

 

4,229

 

4,228

Wells Fargo-RBS Commercial Mortgage Trust
3.071% due 03/15/2045

 

23,772

 

23,803

Total Non-Agency Mortgage-Backed Securities (Cost $1,263,287)

 

 

 

1,239,291

ASSET-BACKED SECURITIES 14.2%

 

 

 

 

American Money Management Corp. CLO Ltd.
1.111% due 04/17/2029 •

 

17,284

 

17,274

Anchorage Capital CLO Ltd.
1.291% due 07/15/2030 •

 

4,400

 

4,399

Apex Credit CLO Ltd.
1.918% due 09/20/2029 ~

 

10,200

 

10,144

Apidos CLO

 

 

 

 

1.141% due 07/18/2029 •

 

24,900

 

24,685

1.171% due 07/17/2030 •

 

15,800

 

15,783

1.264% due 04/20/2031 •

 

9,450

 

9,421

Arbor Realty Commercial Real Estate Notes Ltd.
1.497% due 05/15/2036 •

 

6,400

 

6,340

Ares CLO Ltd.

 

 

 

 

1.111% due 01/15/2029 •

 

8,238

 

8,181

1.291% due 04/18/2031 ~

 

2,200

 

2,165

ARI Fleet Lease Trust
0.877% due 11/15/2027 •

 

1,601

 

1,601

Arkansas Student Loan Authority
1.398% due 11/25/2043 •

 

365

 

365

Atlas Senior Loan Fund Ltd.

 

 

 

 

1.124% due 04/20/2028 •

 

1,511

 

1,506

1.339% due 04/22/2031 •

 

2,000

 

1,987

Barings CLO Ltd.
1.204% due 07/20/2029 •

 

6,727

 

6,698

Schedule of Investments PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Benefit Street Partners CLO Ltd.

 

 

 

 

1.191% due 10/15/2030 •

 

12,300

 

12,197

1.271% due 01/17/2032 •

 

8,600

 

8,533

BlueMountain CLO Ltd.
1.439% due 10/22/2030 ~

 

4,466

 

4,450

Carlyle Global Market Strategies CLO Ltd.

 

 

 

 

1.318% due 07/27/2031 •

 

4,711

 

4,673

1.409% due 08/14/2030 •

 

42,600

 

42,614

Carlyle U.S. CLO Ltd.
1.254% due 04/20/2031 •

 

10,000

 

9,935

Carrington Mortgage Loan Trust
1.504% due 07/20/2030 •

 

6,900

 

6,883

Catamaran CLO Ltd.
1.359% due 04/22/2030 •

 

20,893

 

20,809

Chesapeake Funding LLC

 

 

 

 

0.797% due 04/15/2031 •

 

3,230

 

3,230

0.870% due 08/15/2032

 

8,910

 

8,840

0.877% due 09/15/2031 •

 

3,810

 

3,813

1.047% due 08/15/2032 ~

 

9,703

 

9,705

CIFC Funding Ltd.
1.209% due 10/24/2030 •

 

44,000

 

43,750

CIT Mortgage Loan Trust
1.807% due 10/25/2037 •

 

7,035

 

7,045

Citibank Credit Card Issuance Trust
1.067% due 04/22/2026 •

 

6,000

 

6,034

Commonbond Student Loan Trust
1.307% due 05/25/2041 •

 

393

 

393

Crestline Denali CLO Ltd.
1.284% due 04/20/2030 •

 

23,900

 

23,875

Dell Equipment Finance Trust
1.217% due 03/22/2023

 

21,400

 

21,396

Dllmt LLC
1.000% due 07/21/2025

 

3,000

 

2,897

Dryden Senior Loan Fund

 

 

 

 

1.221% due 04/15/2028 •

 

4,800

 

4,785

1.261% due 04/15/2029 •

 

21,615

 

21,553

1.497% due 01/17/2033 •

 

3,400

 

3,381

DT Auto Owner Trust
0.540% due 04/15/2024

 

341

 

341

Edsouth Indenture LLC

 

 

 

 

1.187% due 04/25/2039 ~

 

618

 

614

1.607% due 09/25/2040 •

 

78

 

78

Elevation CLO Ltd.
1.208% due 10/25/2030 •

 

15,600

 

15,470

ELFI Graduate Loan Program LLC
1.530% due 12/26/2046

 

8,703

 

8,182

Flagship Credit Auto Trust

 

 

 

 

0.700% due 04/15/2025

 

1,221

 

1,216

1.490% due 07/15/2024

 

803

 

803

Ford Credit Floorplan Master Owner Trust

 

 

 

 

0.897% due 09/15/2025 •

 

47,700

 

47,786

0.997% due 09/15/2024 ~

 

20,400

 

20,419

Foursight Capital Automobile Receivables Trust
1.150% due 09/15/2025

 

25,100

 

24,754

Galaxy CLO Ltd.
1.211% due 10/15/2030 •

 

6,900

 

6,852

Gallatin CLO Ltd.
1.177% due 07/15/2031 •

 

6,000

 

5,966

GoldenTree Loan Management U.S. CLO Ltd.
1.164% due 11/20/2030 •

 

31,500

 

31,180

Halseypoint Clo Ltd.
1.354% due 07/20/2031 •

 

13,250

 

13,215

KKR CLO Ltd.
1.181% due 07/18/2030 •

 

4,000

 

3,996

KVK CLO Ltd.
1.138% due 01/14/2028 •

 

574

 

575

LCM LP

 

 

 

 

1.118% due 07/19/2027 ~

 

4,998

 

4,967

1.254% due 07/20/2030 •

 

800

 

791

1.294% due 10/20/2027 •

 

1,509

 

1,504

1.311% due 04/15/2031 •

 

1,000

 

991

1.414% due 10/20/2028 •

 

6,368

 

6,359

LMREC LLC
1.505% due 04/22/2037 •

 

14,000

 

13,621

Madison Park Funding Ltd.

 

 

 

 

1.179% due 01/22/2028 ~

 

467

 

464

1.238% due 07/27/2031 •

 

7,400

 

7,351

1.244% due 04/20/2032 •

 

4,500

 

4,437

1.255% due 07/21/2030 •

 

4,000

 

3,978

1.378% due 04/25/2032 •

 

6,800

 

6,763

1.499% due 07/29/2030 ~

 

4,000

 

3,984

Magnetite Ltd.
1.386% due 11/15/2028 •

 

4,672

 

4,639

Schedule of Investments PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Marathon CLO Ltd.
1.391% due 04/15/2029 •

 

16,866

 

16,809

Marble Point CLO Ltd.
1.421% due 12/18/2030 •

 

5,331

 

5,318

Master Credit Card Trust
0.939% due 07/21/2024 •

 

12,000

 

12,019

MMAF Equipment Finance LLC
2.330% due 12/08/2025

 

663

 

664

Mountain View CLO LLC

 

 

 

 

1.281% due 01/16/2031 •

 

16,500

 

16,413

1.331% due 10/16/2029 •

 

9,746

 

9,745

MP CLO Ltd.
1.131% due 10/18/2028 •

 

22,890

 

22,777

Nassau Ltd.
1.391% due 10/15/2029 •

 

24,533

 

24,554

Navient Private Education Loan Trust

 

 

 

 

1.397% due 04/15/2069 •

 

11,818

 

11,716

1.647% due 02/15/2029 ~

 

629

 

630

Navient Private Education Refi Loan Trust

 

 

 

 

0.840% due 05/15/2069

 

6,699

 

6,400

1.310% due 01/15/2069

 

21,558

 

20,887

1.580% due 04/15/2070

 

40,307

 

38,275

1.690% due 05/15/2069

 

10,773

 

10,490

2.230% due 07/15/2070

 

31,900

 

30,860

3.130% due 02/15/2068

 

3,999

 

3,977

Navient Student Loan Trust

 

 

 

 

1.057% due 07/26/2066 •

 

4,162

 

4,163

1.257% due 07/26/2066 •

 

6,637

 

6,615

1.507% due 12/27/2066 •

 

16,660

 

16,737

Nelnet Student Loan Trust

 

 

 

 

1.054% due 12/24/2035 •

 

3,014

 

3,005

1.057% due 03/25/2030 •

 

1,482

 

1,478

1.257% due 09/25/2065 •

 

13,599

 

13,530

1.257% due 08/25/2067 •

 

21,532

 

21,382

1.307% due 02/25/2066 •

 

9,768

 

9,758

1.420% due 04/20/2062

 

1,060

 

993

Neuberger Berman CLO Ltd.

 

 

 

 

1.171% due 10/18/2029 •

 

2,000

 

1,982

1.268% due 04/19/2030 •

 

1,400

 

1,394

1.294% due 04/20/2031 •

 

600

 

596

Northstar Education Finance, Inc.
1.157% due 12/26/2031 •

 

476

 

472

Octagon Investment Partners Ltd.
1.395% due 02/14/2031 •

 

3,900

 

3,861

Oscar U.S. Funding LLC

 

 

 

 

0.390% due 08/12/2024

 

9,197

 

9,131

1.600% due 03/10/2025 «

 

49,700

 

49,036

Oscar U.S. Funding Trust LLC
2.760% due 12/10/2024

 

626

 

626

OZLM Ltd.

 

 

 

 

1.221% due 10/17/2029 •

 

32,986

 

32,826

1.251% due 07/17/2029 •

 

3,856

 

3,842

1.489% due 05/16/2030 •

 

7,000

 

7,001

Palmer Square Loan Funding Ltd.

 

 

 

 

0.928% due 10/15/2029 •

 

28,100

 

27,863

1.054% due 07/20/2029 •

 

57,251

 

57,108

1.154% due 04/20/2029 •

 

3,469

 

3,456

1.159% due 10/24/2027 ~

 

4,638

 

4,630

1.224% due 04/20/2027 •

 

608

 

607

1.280% due 02/20/2028 •

 

15,076

 

15,078

1.330% due 08/20/2027 •

 

10,990

 

10,972

PFS Financing Corp.
1.210% due 06/15/2024

 

16,800

 

16,791

PHEAA Student Loan Trust
1.407% due 11/25/2065 ~

 

5,867

 

5,816

PRET LLC
1.868% due 07/25/2051 þ

 

5,310

 

5,051

Romark CLO Ltd.
1.289% due 10/23/2030 •

 

40,500

 

40,249

Santander Consumer Auto Receivables Trust
1.370% due 10/15/2024

 

2,204

 

2,202

Santander Drive Auto Receivables Trust
2.120% due 10/15/2026

 

17,500

 

17,497

Saranac CLO Ltd.
1.646% due 08/13/2031 •

 

16,400

 

16,346

SLC Student Loan Trust

 

 

 

 

0.936% due 03/15/2027 •

 

1,264

 

1,261

0.946% due 06/15/2029 •

 

7,755

 

7,721

SLM Private Credit Student Loan Trust
1.136% due 12/15/2038 •

 

6,011

 

5,888

SLM Student Loan Trust

 

 

 

 

0.378% due 01/25/2027 •

 

6,503

 

6,475

0.398% due 10/25/2028 •

 

1,124

 

1,120

1.107% due 12/27/2038 •

 

2,401

 

2,376

Schedule of Investments PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

1.157% due 01/25/2029 •

 

2,735

 

2,660

1.296% due 12/15/2027 •

 

1,045

 

1,045

1.376% due 12/15/2025 •

 

1,261

 

1,259

1.758% due 04/25/2023 •

 

202

 

203

SMB Private Education Loan Trust

 

 

 

 

0.997% due 03/17/2053 •

 

8,720

 

8,577

1.290% due 07/15/2053

 

20,299

 

19,327

1.297% due 09/15/2034 •

 

8,124

 

8,151

1.497% due 09/15/2034 •

 

3,652

 

3,671

1.497% due 07/15/2053 •

 

2,560

 

2,586

2.340% due 09/15/2034

 

4,678

 

4,616

SoFi Professional Loan Program LLC

 

 

 

 

0.807% due 02/25/2042 ~

 

268

 

266

1.057% due 07/25/2040 •

 

463

 

462

1.157% due 03/26/2040 •

 

418

 

417

1.307% due 07/25/2039 •

 

417

 

417

1.407% due 01/25/2039 •

 

104

 

104

1.557% due 10/27/2036 •

 

1,390

 

1,392

1.757% due 02/25/2040 •

 

640

 

642

2.360% due 12/27/2032

 

117

 

117

2.650% due 09/25/2040

 

1,693

 

1,692

2.740% due 05/25/2040

 

1,221

 

1,223

SoFi Professional Loan Program Trust
1.950% due 02/15/2046

 

17,480

 

17,135

Sound Point CLO Ltd.

 

 

 

 

1.159% due 01/23/2029 •

 

8,263

 

8,270

1.234% due 10/20/2030 •

 

4,500

 

4,464

1.238% due 07/25/2030 •

 

29,350

 

29,389

1.249% due 01/23/2029 •

 

19,496

 

19,447

1.304% due 10/20/2028 •

 

2,387

 

2,383

1.321% due 04/15/2030 •

 

3,055

 

3,045

Sound Point Clo Ltd.
1.367% due 07/26/2031 ~

 

600

 

596

Sound Point CLO Ltd.
1.391% due 04/18/2031 •

 

1,000

 

997

Starwood Mortgage Trust
1.400% due 11/15/2038 •

 

23,200

 

22,985

Stratus CLO Ltd.
0.993% due 12/28/2029 •

 

5,200

 

5,162

Symphony CLO Ltd.
1.188% due 07/14/2026 •

 

4,897

 

4,891

Symphony Static CLO Ltd.
0.959% due 10/25/2029 •

 

4,250

 

4,215

TCW CLO Ltd.
1.228% due 04/25/2031 •

 

19,100

 

18,920

TICP CLO Ltd.
1.094% due 04/20/2028 •

 

577

 

575

Towd Point Mortgage Trust

 

 

 

 

1.057% due 02/25/2057 •

 

1,173

 

1,169

1.457% due 10/25/2059 •

 

2,209

 

2,208

1.636% due 04/25/2060 ~

 

68,045

 

64,767

2.710% due 01/25/2060 ~

 

23,262

 

22,790

2.900% due 10/25/2059 ~

 

18,926

 

18,615

3.658% due 03/25/2058 ~

 

12,478

 

12,460

Toyota Auto Loan Extended Note Trust
1.350% due 05/25/2033

 

41,800

 

39,609

Upstart Securitization Trust
2.322% due 04/22/2030

 

43

 

43

Venture CLO Ltd.

 

 

 

 

1.121% due 07/15/2027 •

 

8,765

 

8,773

1.244% due 07/20/2030 •

 

34,400

 

34,048

1.274% due 04/20/2029 •

 

33,423

 

33,439

1.304% due 07/20/2030 •

 

8,500

 

8,497

1.538% due 08/28/2029 •

 

35,432

 

35,438

Vibrant CLO Ltd.
1.878% due 06/20/2029 •

 

9,634

 

9,628

Voya CLO Ltd.

 

 

 

 

1.191% due 04/17/2030 •

 

30,500

 

30,389

1.221% due 06/07/2030 •

 

10,000

 

9,963

1.241% due 10/15/2030 •

 

14,500

 

14,334

Wellfleet CLO Ltd.

 

 

 

 

1.144% due 04/20/2029 •

 

9,894

 

9,895

1.144% due 07/20/2029 •

 

17,655

 

17,560

Westlake Automobile Receivables Trust
0.560% due 05/15/2024

 

4,062

 

4,052

Total Asset-Backed Securities (Cost $1,892,991)

 

 

 

1,870,083

SOVEREIGN ISSUES 2.3%

 

 

 

 

Export Development Canada

 

 

 

 

0.520% due 05/26/2024

 

38,800

 

36,871

2.000% due 05/17/2022

 

42,000

 

42,054

Export-Import Bank of India
1.480% (US0003M + 1.000%) due 08/21/2022 ~

 

31,468

 

31,556

Schedule of Investments PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Export-Import Bank of Korea

 

 

 

 

1.009% (US0003M + 0.800%) due 07/05/2022 ~

 

7,580

 

7,592

1.228% (US0003M + 0.925%) due 11/01/2022 ~

 

14,400

 

14,459

1.674% (US0003M + 0.740%) due 03/22/2023 ~

 

3,800

 

3,819

Korea Development Bank

 

 

 

 

0.941% (US0003M + 0.725%) due 07/06/2022 ~

 

11,195

 

11,210

1.078% (US0003M + 0.800%) due 10/30/2022 ~

 

5,100

 

5,118

1.442% (US0003M + 0.475%) due 10/01/2022 ~

 

3,900

 

3,909

Korea Expressway Corp.

 

 

 

 

0.898% (US0003M + 0.640%) due 07/25/2022 ~

 

9,000

 

8,980

1.098% (US0003M + 0.600%) due 11/25/2022 ~

 

58,800

 

58,917

Korea National Oil Corp.
1.116% (US0003M + 0.875%) due 07/16/2023 ~

 

7,400

 

7,447

Nederlandse Waterschapsbank NV
1.875% due 04/14/2022

 

50,000

 

50,019

Tokyo Metropolitan Government

 

 

 

 

0.750% due 07/16/2025

 

21,300

 

19,889

2.500% due 06/08/2022

 

1,600

 

1,605

Total Sovereign Issues (Cost $306,691)

 

 

 

303,445

SHORT-TERM INSTRUMENTS 2.7%

 

 

 

 

CERTIFICATES OF DEPOSIT 0.5%

 

 

 

 

Barclays Bank PLC
1.130% due 06/21/2022

 

65,000

 

65,034

COMMERCIAL PAPER 1.7%

 

 

 

 

Duke Energy Corp.
0.820% due 04/12/2022

 

6,000

 

5,999

Enbridge U.S., Inc.

 

 

 

 

1.150% due 04/21/2022

 

5,000

 

4,997

1.200% due 04/18/2022

 

16,000

 

15,993

1.400% due 05/17/2022

 

25,000

 

24,963

Entergy Corp.
1.015% due 04/06/2022

 

5,000

 

4,999

International Flavors & Fragrances, Inc.
1.250% due 06/30/2022

 

13,500

 

13,455

Marsh & McLennan Cos., Inc.
0.950% due 04/21/2022

 

8,000

 

7,996

Parker-Hannifin Corp.

 

 

 

 

0.620% due 04/22/2022

 

59,600

 

59,581

1.350% due 05/13/2022

 

10,000

 

9,992

Ventas Realty LP

 

 

 

 

0.810% due 04/06/2022

 

8,500

 

8,499

0.930% due 04/19/2022

 

8,000

 

7,997

VW Credit Canada, Inc.

 

 

 

 

0.950% due 04/27/2022

 

27,300

 

27,282

0.975% due 04/26/2022

 

17,400

 

17,389

VW Credit, Inc.
0.920% due 04/26/2022

 

10,000

 

9,994

 

 

 

 

219,136

MUTUAL FUNDS 0.0%

 

 

 

 

REPURCHASE AGREEMENTS (e) 0.5%

 

 

 

59,832

Total Short-Term Instruments (Cost $343,947)

 

 

 

344,002

Total Investments in Securities (Cost $15,188,947)

 

 

 

15,009,866

 

 

SHARES

 

 

INVESTMENTS IN AFFILIATES 0.0%

 

 

 

 

SHORT-TERM INSTRUMENTS 0.0%

 

 

 

 

MUTUAL FUNDS 0.0%

 

 

 

 

PIMCO Government Money Market Fund (a)(b)(c)

 

109,400

 

109

Total Short-Term Instruments (Cost $109)

 

 

 

109

Total Investments in Affiliates (Cost $109)

 

 

 

109

Total Investments 114.2% (Cost $15,189,056)

 

 

$

15,009,975

Other Assets and Liabilities, net (14.2)%

 

 

 

(1,864,775)

Net Assets 100.0%

 

 

$

13,145,200

Schedule of Investments PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

 

NOTES TO SCHEDULE OF INVESTMENTS:

 

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

 

¤

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

«

Security valued using significant unobservable inputs (Level 3).

~

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)

Institutional Class Shares of each Fund.

(b)

Securities with an aggregate market value of $0 were out on loan in exchange for $0 of cash collateral as of March 31, 2022.

(c)

Coupon represents a 7-Day Yield.

(d)

RESTRICTED SECURITIES:

Issuer Description

Coupon

Maturity
Date

Acquisition
Date

 

Cost

 

Market
Value

Market Value
as Percentage
of Net Assets

Citigroup, Inc.

0.834

%

05/01/2025

04/27/2021

$

22,450

$

22,247

0.17

%

General Motors Co.

5.400

 

10/02/2023

03/28/2022

 

2,586

 

2,588

0.02

 

 

 

 

 

$

25,036

$

24,835

0.19%

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

0.010%

03/31/2022

04/01/2022

$

59,832

U.S. Treasury Notes 0.375% due 09/15/2024

$

(61,029)

$

59,832

$

59,832

Total Repurchase Agreements

 

$

(61,029)

$

59,832

$

59,832

REVERSE REPURCHASE AGREEMENTS:

Counterparty

Borrowing Rate(2)

Settlement Date

Maturity Date

 

Amount
Borrowed
(2)

 

Payable for
Reverse
Repurchase
Agreements

DEU

0.320%

03/31/2022

04/04/2022

$

(587,365)

$

(587,370)

TDM

0.000

03/23/2022

03/22/2024

 

(2,354)

 

(2,354)

Total Reverse Repurchase Agreements

 

 

 

 

 

$

(589,724)

SALE-BUYBACK TRANSACTIONS:

Counterparty

Borrowing Rate(2)

Borrowing Date

Maturity Date

 

Amount
Borrowed
(2)

 

Payable for
Sale-Buyback
Transactions

BPG

0.290%

03/31/2022

04/01/2022

$

(955,947)

$

(955,955)

 

0.350

03/31/2022

04/01/2022

 

(249,844)

 

(249,846)

Total Sale-Buyback Transactions

 

 

 

 

 

$

(1,205,801)

(f)

Securities with an aggregate market value of $1,793,121 have been pledged as collateral under the terms of master agreements as of March 31, 2022.

(1)

Includes accrued interest.

(2)

The average amount of borrowings outstanding during the period ended March 31, 2022 was $(239,478) at a weighted average interest rate of (.367.) Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.

(3)

Open maturity reverse repurchase agreement.

FAIR VALUE MEASUREMENTS

The following is a summary of the fair valuations according to the inputs used as of March 31, 2022 in valuing the Fund's assets and liabilities:

 

Category and Subcategory

Level 1

Level 2

Level 3

Fair Value
at 03/31/2022

Schedule of Investments PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Investments in Securities, at Value

Corporate Bonds & Notes

 

Banking & Finance

$

0

$

4,794,868

$

0

$

4,794,868

 

 

Industrials

 

0

 

1,925,113

 

0

 

1,925,113

 

 

Utilities

 

0

 

1,034,709

 

0

 

1,034,709

 

Municipal Bonds & Notes

 

California

 

0

 

6,000

 

0

 

6,000

 

U.S. Government Agencies

 

0

 

1,501,634

 

0

 

1,501,634

 

U.S. Treasury Obligations

 

0

 

1,990,721

 

0

 

1,990,721

 

Non-Agency Mortgage-Backed Securities

 

0

 

1,239,291

 

0

 

1,239,291

 

Asset-Backed Securities

 

0

 

1,821,047

 

49,036

 

1,870,083

 

Sovereign Issues

 

0

 

303,445

 

0

 

303,445

 

Short-Term Instruments

 

Certificates of Deposit

 

0

 

65,034

 

0

 

65,034

 

 

Commercial Paper

 

0

 

219,136

 

0

 

219,136

 

 

Repurchase Agreements

 

0

 

59,832

 

0

 

59,832

 

 

$

0

$

14,960,830

$

49,036

$

15,009,866

 

Investments in Affiliates, at Value

Short-Term Instruments

 

Mutual Funds

 

109

 

0

 

0

 

109

 

Total Investments

$

109

$

14,960,830

$

49,036

$

15,009,975

 

 

There were no significant transfers into or out of Level 3 during the period ended March 31, 2022.

 

Schedule of Investments PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

March 31, 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% ¤

 

 

 

 

MUNICIPAL BONDS & NOTES 86.0%

 

 

 

 

ALABAMA 2.6%

 

 

 

 

Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2021

 

 

 

 

0.860% due 10/01/2052 ~

$

2,000

$

1,951

4.000% due 10/01/2052

 

3,000

 

3,127

Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2022
4.000% due 12/01/2052

 

4,000

 

4,272

Chatom Industrial Development Board, Alabama Revenue Notes, (AGM Insured), Series 2020
5.000% due 08/01/2027

 

1,000

 

1,128

Industrial Development Board of the City of Mobile Alabama Revenue Bonds, Series 2007
1.000% due 06/01/2034

 

4,250

 

4,057

Montgomery, Alabama General Obligation Notes, Series 2021
5.000% due 12/01/2030

 

550

 

662

Selma Industrial Development Board, Alabama Revenue Bonds, Series 2019
2.000% due 11/01/2033

 

1,350

 

1,337

Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2021
4.000% due 12/01/2051

 

2,000

 

2,149

 

 

 

 

18,683

ALASKA 0.4%

 

 

 

 

Alaska Housing Finance Corp. Revenue Bonds, Series 2020
5.000% due 12/01/2032

 

2,650

 

3,007

ARIZONA 0.7%

 

 

 

 

Chandler Industrial Development Authority, Arizona Revenue Bonds, Series 2005
2.400% due 12/01/2035

 

2,750

 

2,762

Maricopa County, Arizona Special Health Care District General Obligation Bonds, Series 2018
5.000% due 07/01/2029

 

1,940

 

2,249

Phoenix Civic Improvement Corp., Arizona Revenue Bonds, Series 2017
3.125% due 07/01/2034

 

425

 

433

 

 

 

 

5,444

CALIFORNIA 4.9%

 

 

 

 

Bay Area Toll Authority, California Revenue Bonds, Series 2021
0.960% due 04/01/2056 ~

 

2,000

 

2,010

California Health Facilities Financing Authority Revenue Bonds, Series 2020

 

 

 

 

4.000% due 04/01/2035

 

1,750

 

1,853

4.000% due 04/01/2037

 

1,250

 

1,315

5.000% due 04/01/2032

 

700

 

819

California Health Facilities Financing Authority Revenue Bonds, Series 2021
4.000% due 11/01/2032

 

1,000

 

1,121

California Health Facilities Financing Authority Revenue Notes, Series 2021
5.000% due 11/01/2031

 

550

 

673

California State General Obligation Bonds, (AGM Insured), Series 2007
5.250% due 08/01/2032

 

6,000

 

7,502

California State General Obligation Bonds, Series 2020
4.000% due 11/01/2034

 

1,750

 

1,922

California State General Obligation Bonds, Series 2021
4.000% due 10/01/2034

 

1,000

 

1,103

California State Public Works Board Revenue Bonds, Series 2022
5.000% due 08/01/2036

 

3,000

 

3,568

East Bay Municipal Utility District Water System, California Revenue Bonds, Series 2015
5.000% due 06/01/2032

 

3,000

 

3,267

Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021
2.746% due 06/01/2034

 

3,000

 

2,733

Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021
2.687% due 06/01/2030

 

6,000

 

5,625

Los Angeles, California Wastewater System Revenue Bonds, Series 2015
5.000% due 06/01/2029

 

1,350

 

1,468

Sacramento Municipal Utility District, California Revenue Bonds, Series 2013
5.000% due 08/15/2029

 

1,000

 

1,042

 

 

 

 

36,021

COLORADO 1.3%

 

 

 

 

Board of Governors of Colorado State University System Revenue Bonds, Series 2015
5.000% due 03/01/2028

 

1,580

 

1,717

Colorado Health Facilities Authority Revenue Bonds, Series 2018
5.000% due 11/15/2048

 

2,500

 

2,739

 

 

 

Schedule of Investments PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Colorado Health Facilities Authority Revenue Bonds, Series 2019

 

 

 

 

5.000% due 08/01/2031

 

850

 

973

5.000% due 11/15/2049

 

1,500

 

1,674

E-470 Public Highway Authority, Colorado Revenue Bonds, Series 2020
5.000% due 09/01/2034

 

1,300

 

1,533

Regional Transportation District, Colorado Revenue Notes, Series 2020
5.000% due 07/15/2028

 

875

 

978

 

 

 

 

9,614

CONNECTICUT 3.8%

 

 

 

 

Bridgeport, Connecticut General Obligation Notes, Series 2017

 

 

 

 

5.000% due 08/15/2023

 

1,635

 

1,705

5.000% due 08/15/2027

 

3,000

 

3,407

Connecticut Special Tax Revenue State Special Tax Bonds, Series 2020

 

 

 

 

5.000% due 05/01/2031

 

3,500

 

4,147

5.000% due 05/01/2032

 

1,380

 

1,629

Connecticut Special Tax State Revenue Bonds, Series 2018

 

 

 

 

5.000% due 01/01/2030

 

3,000

 

3,420

5.000% due 10/01/2033

 

1,020

 

1,170

Connecticut Special Tax State Revenue Bonds, Series 2021
5.000% due 11/01/2035

 

2,000

 

2,363

Connecticut State General Obligation Bonds, Series 2018
5.000% due 09/15/2030

 

3,640

 

4,199

Connecticut State General Obligation Bonds, Series 2020
4.000% due 06/01/2031

 

1,750

 

1,937

Connecticut State Health & Educational Facilities Authority Revenue Bonds, Series 2018
5.000% due 07/01/2029

 

1,200

 

1,366

Metropolitan District, Connecticut General Obligation Bonds, Series 2018
5.000% due 07/15/2029

 

1,845

 

2,139

 

 

 

 

27,482

DISTRICT OF COLUMBIA 0.3%

 

 

 

 

District of Columbia Revenue Bonds, Series 2015
5.000% due 07/15/2028

 

2,000

 

2,193

FLORIDA 3.9%

 

 

 

 

Broward County, Florida Airport System Revenue Bonds, Series 2012
5.000% due 10/01/2023

 

1,000

 

1,015

Central Florida Expressway Authority Revenue Bonds, Series 2018

 

 

 

 

5.000% due 07/01/2030

 

450

 

518

5.000% due 07/01/2031

 

900

 

1,035

Florida Development Finance Corp. Revenue Bonds, Series 2021

 

 

 

 

4.000% due 11/15/2035

 

1,000

 

1,087

5.000% due 11/15/2032

 

800

 

963

Florida State General Obligation Notes, Series 2021
5.000% due 06/01/2028

 

5,000

 

5,839

JEA Electric System, Florida Revenue Bonds, Series 2020
5.000% due 10/01/2035

 

3,505

 

4,103

JEA Water & Sewer System, Florida Revenue Bonds, Series 2020
5.000% due 10/01/2035

 

1,150

 

1,366

JEA Water & Sewer System, Florida Revenue Bonds, Series 2021
5.000% due 10/01/2032

 

1,410

 

1,727

JEA Water & Sewer System, Florida Revenue Notes, Series 2021
5.000% due 10/01/2031

 

1,000

 

1,230

Mid-Bay Bridge Authority, Florida Revenue Bonds, Series 2015
5.000% due 10/01/2035

 

1,000

 

1,077

Orlando Utilities Commission, Florida Revenue Bonds, Series 2021
1.250% due 10/01/2046

 

3,500

 

3,322

Osceola County, Florida Transportation Revenue Notes, Series 2020

 

 

 

 

0.000% due 10/01/2026 (b)

 

275

 

241

0.000% due 10/01/2028 (b)

 

475

 

385

Palm Beach County, Florida Revenue Bonds, Series 2012
5.000% due 06/01/2023

 

1,300

 

1,308

School District of Broward County, Florida Certificates of Participation Bonds, Series 2020
5.000% due 07/01/2032

 

2,000

 

2,392

Tampa, Florida Revenue Bonds, Series 2020

 

 

 

 

0.000% due 09/01/2033 (b)

 

200

 

136

5.000% due 07/01/2031

 

350

 

411

 

 

 

 

28,155

GEORGIA 3.0%

 

 

 

 

Burke County, Georgia Development Authority Revenue Bonds, Series 2008
2.925% due 11/01/2048

 

3,000

 

3,014

Burke County, Georgia Development Authority Revenue Bonds, Series 2012
1.700% due 12/01/2049

 

2,000

 

1,953

Burke County, Georgia Development Authority Revenue Bonds, Series 2017
3.250% due 11/01/2045

 

3,750

 

3,855

Cobb County, Georgia Kennestone Hospital Authority Revenue Bonds, Series 2017
5.000% due 04/01/2028

 

600

 

677

Schedule of Investments PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Development Authority of Monroe County, Georgia Revenue Bonds, Series 2013
1.500% due 01/01/2039

 

1,250

 

1,225

LaGrange-Troup County, Georgia Hospital Authority Revenue Bonds, Series 2017
5.000% due 04/01/2028

 

700

 

789

Main Street Natural Gas Inc, Georgia Revenue Bonds, Series 2021
4.000% due 07/01/2052

 

700

 

742

Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2018
0.984% (0.67*US0001M + 0.830%) due 08/01/2048 ~

 

1,510

 

1,508

Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2019
5.000% due 05/15/2033

 

2,500

 

2,756

Municipal Electric Authority of Georgia Revenue Bonds, Series 2019
5.000% due 01/01/2031

 

1,200

 

1,370

Municipal Electric Authority of Georgia Revenue Notes, (AGM Insured), Series 2021

 

 

 

 

5.000% due 01/01/2027

 

335

 

377

5.000% due 01/01/2028

 

400

 

458

5.000% due 01/01/2029

 

450

 

524

5.000% due 01/01/2031

 

360

 

424

5.000% due 01/01/2032

 

285

 

333

Municipal Electric Authority of Georgia Revenue Notes, Series 2019
5.000% due 01/01/2029

 

1,000

 

1,148

Municipal Electric Authority of Georgia Revenue Notes, Series 2021

 

 

 

 

5.000% due 01/01/2028

 

175

 

198

5.000% due 01/01/2029

 

165

 

189

 

 

 

 

21,540

GUAM 0.1%

 

 

 

 

Guam Government Waterworks Authority Revenue Notes, Series 2014
5.000% due 07/01/2023

 

770

 

797

HAWAII 0.3%

 

 

 

 

Honolulu, Hawaii City & County General Obligation Bonds, Series 2015
5.000% due 10/01/2030

 

2,000

 

2,190

ILLINOIS 7.7%

 

 

 

 

Chicago Midway International Airport, Illinois Revenue Bonds, Series 2014
5.000% due 01/01/2035

 

6,500

 

6,765

Chicago Transit Authority Capital Grant Receipts, Illinois Revenue Notes, Series 2021
5.000% due 06/01/2028

 

2,000

 

2,306

Chicago, Illinois General Obligation Bonds, Series 2015
5.250% due 01/01/2027

 

4,000

 

4,269

Chicago, Illinois General Obligation Bonds, Series 2017
5.625% due 01/01/2030

 

1,865

 

2,067

Chicago, Illinois General Obligation Notes, Series 2015
5.000% due 01/01/2026

 

2,000

 

2,123

Cook County, Illinois General Obligation Bonds, Series 2021
5.000% due 11/15/2031

 

1,000

 

1,174

Illinois Finance Authority Revenue Bonds, Series 2008
4.000% due 11/01/2030

 

1,000

 

1,085

Illinois Finance Authority Revenue Bonds, Series 2019
2.450% due 10/01/2039

 

2,000

 

1,994

Illinois Finance Authority Revenue Bonds, Series 2020
5.000% due 08/15/2033

 

1,750

 

2,052

Illinois State General Obligation Bonds, Series 2012

 

 

 

 

4.000% due 01/01/2024

 

4,000

 

4,011

5.000% due 08/01/2023

 

2,590

 

2,687

Illinois State General Obligation Notes, Series 2017
5.000% due 11/01/2023

 

2,765

 

2,885

Illinois State General Obligation Notes, Series 2020

 

 

 

 

5.000% due 10/01/2025

 

2,300

 

2,487

5.000% due 10/01/2028

 

2,000

 

2,231

Illinois State General Obligation Notes, Series 2021

 

 

 

 

5.000% due 03/01/2024

 

1,000

 

1,051

Illinois State Revenue Bonds, Series 2013
5.000% due 06/15/2026

 

1,500

 

1,547

Illinois State Toll Highway Authority Revenue Bonds, Series 2019
5.000% due 01/01/2030

 

2,500

 

2,914

Illinois State Toll Highway Authority Revenue Notes, Series 2019
5.000% due 01/01/2027

 

1,525

 

1,721

Metropolitan Pier & Exposition Authority, Illinois Revenue Bonds, Series 2022

 

 

 

 

0.000% due 12/15/2035 (b)

 

1,500

 

858

0.000% due 06/15/2036 (b)

 

500

 

278

0.000% due 12/15/2037 (b)

 

1,000

 

520

Northern Illinois University Revenue Notes, (BAM Insured), Series 2021

 

 

 

 

5.000% due 10/01/2028

 

325

 

372

5.000% due 10/01/2029

 

300

 

348

Railsplitter Tobacco Settlement Authority, Illinois Revenue Notes, Series 2017
5.000% due 06/01/2023

 

1,100

 

1,137

Regional Transportation Authority, Illinois Revenue Bonds, (NPFGC Insured), Series 2003
5.750% due 06/01/2033

 

1,800

 

2,207

Schedule of Investments PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Sales Tax Securitization Corp., Illinois Revenue Notes, Series 2020
5.000% due 01/01/2028

 

4,500

 

5,062

 

 

 

 

56,151

INDIANA 1.1%

 

 

 

 

Indiana Finance Authority Revenue Bonds, Series 2012
3.000% due 11/01/2030

 

4,500

 

4,216

Indiana Finance Authority Revenue Bonds, Series 2018
5.000% due 02/01/2030

 

1,500

 

1,730

Indiana Municipal Power Agency Revenue Notes, Series 2019
5.000% due 01/01/2029

 

285

 

333

Rockport, Indiana Revenue Bonds, Series 2009
3.050% due 06/01/2025

 

1,500

 

1,528

 

 

 

 

7,807

KENTUCKY 1.5%

 

 

 

 

Kentucky Public Energy Authority Revenue Bonds, Series 2018
4.000% due 04/01/2048

 

2,000

 

2,060

Kentucky Public Energy Authority Revenue Bonds, Series 2020
4.000% due 12/01/2050

 

3,000

 

3,160

Kentucky Public Energy Authority Revenue Bonds, Series 2022
4.000% due 08/01/2052

 

5,000

 

5,355

 

 

 

 

10,575

LOUISIANA 1.6%

 

 

 

 

East Baton Rouge Sewerage Commission, Louisiana Revenue Bonds, Series 2019
5.000% due 02/01/2031

 

2,330

 

2,809

Louisiana Public Facilities Authority Revenue Bonds, Series 2017
5.000% due 05/15/2028

 

855

 

969

Louisiana State General Obligation Bonds, Series 2015
4.000% due 05/01/2035

 

1,700

 

1,776

Parish of St John the Baptist, Louisiana Revenue Bonds, Series 2017

 

 

 

 

2.100% due 06/01/2037

 

900

 

887

2.125% due 06/01/2037

 

2,800

 

2,762

Tangipahoa Parish Hospital Service District No 1, Louisiana Revenue Bonds, Series 2021
4.000% due 02/01/2035

 

2,250

 

2,398

 

 

 

 

11,601

MAINE 0.1%

 

 

 

 

Portland, Maine General Airport Revenue Notes, Series 2019

 

 

 

 

5.000% due 01/01/2028

 

300

 

336

5.000% due 01/01/2029

 

225

 

255

5.000% due 01/01/2030

 

270

 

311

 

 

 

 

902

MARYLAND 1.0%

 

 

 

 

Baltimore, Maryland Revenue Bonds, Series 2013
5.000% due 07/01/2038

 

1,875

 

1,976

Maryland Department of Transportation State Revenue Bonds, Series 2019
4.000% due 10/01/2032

 

1,450

 

1,575

Maryland Health & Higher Educational Facilities Authority Revenue Bonds, Series 2020
5.000% due 07/01/2045

 

2,500

 

2,798

Maryland Health & Higher Educational Facilities Authority Revenue Bonds, Series 2021

 

 

 

 

4.000% due 06/01/2036

 

200

 

206

5.000% due 06/01/2033

 

445

 

503

Maryland Health & Higher Educational Facilities Authority Revenue Notes, Series 2021
5.000% due 06/01/2031

 

350

 

398

 

 

 

 

7,456

MASSACHUSETTS 1.3%

 

 

 

 

Massachusetts Bay Transportation Authority Revenue Notes, Series 2021
5.000% due 07/01/2028

 

1,000

 

1,163

Massachusetts Development Finance Agency Revenue Bonds, Series 2018
5.000% due 07/01/2030

 

1,500

 

1,731

Massachusetts Development Finance Agency Revenue Bonds, Series 2019
1.110% due 07/01/2049 ~

 

1,000

 

999

Massachusetts School Building Authority Revenue Bonds, Series 2015
5.000% due 01/15/2029

 

2,390

 

2,585

Massachusetts School Building Authority Revenue Notes, Series 2012
5.000% due 08/15/2022

 

1,175

 

1,192

Massachusetts State College Building Authority Revenue Notes, Series 2022

 

 

 

 

5.000% due 05/01/2027

 

250

 

285

5.000% due 05/01/2030

 

500

 

599

Schedule of Investments PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

5.000% due 05/01/2031

 

500

 

608

 

 

 

 

9,162

MICHIGAN 1.9%

 

 

 

 

Detroit City School District, Michigan General Obligation Bonds, (AGM/Q-SBLF Insured), Series 2001
6.000% due 05/01/2029

 

4,380

 

5,045

Detroit, Michigan Sewage Disposal System Revenue Bonds, (AGM Insured), Series 2006
0.744% due 07/01/2032 ~

 

3,000

 

2,964

Lake Orion Community School District, Michigan General Obligation Notes, (Q-SBLF Insured), Series 2022
4.000% due 05/01/2030

 

500

 

556

Michigan Finance Authority Revenue Bonds, Series 2015
5.000% due 07/01/2030

 

1,200

 

1,304

Michigan Finance Authority Revenue Notes, Series 2021
3.000% due 08/22/2022

 

2,585

 

2,605

Michigan State Hospital Finance Authority Revenue Bonds, Series 2010
5.000% due 11/15/2047

 

1,500

 

1,722

 

 

 

 

14,196

MINNESOTA 0.2%

 

 

 

 

Rochester, Minnesota Electric Utility Revenue Bonds, Series 2017
5.000% due 12/01/2029

 

1,000

 

1,127

MISSISSIPPI 0.2%

 

 

 

 

Mississippi Business Finance Corp. Revenue Bonds, Series 2002
3.200% due 09/01/2028

 

1,500

 

1,528

MISSOURI 0.7%

 

 

 

 

Health & Educational Facilities Authority of the State of Missouri Revenue Bonds, Series 2021
5.000% due 07/01/2032

 

1,200

 

1,445

Health & Educational Facilities Authority of the State of Missouri Revenue Notes, Series 2021
5.000% due 07/01/2031

 

1,500

 

1,809

Kansas City, Missouri Water Revenue Bonds, Series 2020
4.000% due 12/01/2034

 

1,000

 

1,119

Republic, Missouri Revenue Notes, Series 2022
4.000% due 05/01/2028

 

500

 

540

 

 

 

 

4,913

NEBRASKA 1.3%

 

 

 

 

Douglas County, Nebraska Revenue Bonds, Series 2021
1.040% due 07/01/2035 ~

 

2,000

 

2,007

Nebraska Public Power District Revenue Bonds, Series 2020
0.600% due 01/01/2051

 

4,500

 

4,424

Public Power Generation Agency, Nebraska Revenue Bonds, Series 2015
5.000% due 01/01/2030

 

1,085

 

1,165

Public Power Generation Agency, Nebraska Revenue Notes, Series 2015
5.000% due 01/01/2025

 

1,905

 

2,054

 

 

 

 

9,650

NEVADA 1.8%

 

 

 

 

Clark County, Nevada School District General Obligation Notes, (AGM Insured), Series 2019
5.000% due 06/15/2028

 

5,000

 

5,777

Las Vegas Valley Water District, Nevada General Obligation Bonds, Series 2015
5.000% due 06/01/2034

 

1,500

 

1,610

Las Vegas Valley Water District, Nevada General Obligation Notes, Series 2021
5.000% due 06/01/2029

 

5,000

 

5,906

 

 

 

 

13,293

NEW HAMPSHIRE 0.2%

 

 

 

 

Merrimack County, New Hampshire General Obligation Notes, Series 2012
5.000% due 12/01/2022

 

1,115

 

1,142

New Hampshire Business Finance Authority Revenue Notes, Series 2021

 

 

 

 

4.000% due 01/01/2026

 

265

 

277

4.000% due 01/01/2027

 

250

 

262

 

 

 

 

1,681

NEW JERSEY 4.2%

 

 

 

 

New Jersey Economic Development Authority Revenue Bonds, Series 2012
5.000% due 06/15/2023

 

1,000

 

1,008

New Jersey Economic Development Authority Revenue Bonds, Series 2013
2.060% (MUNIPSA + 1.550%) due 09/01/2027 ~

 

3,000

 

3,026

New Jersey Economic Development Authority Revenue Bonds, Series 2021
4.000% due 06/15/2034

 

500

 

525

New Jersey Economic Development Authority Revenue Notes, Series 2019
5.250% due 09/01/2026

 

3,500

 

3,881

New Jersey Health Care Facilities Financing Authority Revenue Bonds, Series 2011
5.000% due 07/01/2023

 

1,000

 

1,008

Schedule of Investments PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

New Jersey State General Obligation Bonds, Series 2020

 

 

 

 

4.000% due 06/01/2031

 

2,020

 

2,205

4.000% due 06/01/2032

 

2,200

 

2,410

New Jersey Transportation Trust Fund Authority Revenue Bonds, (NPFGC Insured), Series 2006
0.000% due 12/15/2031 (b)

 

6,865

 

4,986

New Jersey Transportation Trust Fund Authority Revenue Bonds, Series 2020

 

 

 

 

4.000% due 06/15/2035

 

2,250

 

2,355

4.000% due 06/15/2036

 

1,000

 

1,043

New Jersey Transportation Trust Fund Authority Revenue Notes, Series 2015
5.000% due 06/15/2022

 

1,000

 

1,007

New Jersey Transportation Trust Fund Authority Revenue Notes, Series 2022
5.000% due 06/15/2031

 

1,300

 

1,499

New Jersey Turnpike Authority Revenue Bonds, Series 2017
5.000% due 01/01/2030

 

2,250

 

2,520

Tobacco Settlement Financing Corp., New Jersey Revenue Notes, Series 2018

 

 

 

 

5.000% due 06/01/2025

 

1,020

 

1,095

5.000% due 06/01/2028

 

2,000

 

2,248

 

 

 

 

30,816

NEW MEXICO 0.9%

 

 

 

 

Farmington, New Mexico Revenue Bonds, Series 2010
1.100% due 06/01/2040

 

3,500

 

3,455

New Mexico Municipal Energy Acquisition Authority Revenue Bonds, Series 2019
5.000% due 11/01/2039

 

3,000

 

3,227

 

 

 

 

6,682

NEW YORK 13.7%

 

 

 

 

Erie County, New York Industrial Development Agency Revenue Notes, Series 2012
5.000% due 05/01/2022

 

1,000

 

1,003

Long Island Power Authority, New York Revenue Bonds, Series 2021
1.500% due 09/01/2051

 

1,400

 

1,349

Metropolitan Transportation Authority, New York Revenue Bonds, Series 2014
5.000% due 11/15/2029

 

3,000

 

3,236

Metropolitan Transportation Authority, New York Revenue Bonds, Series 2017

 

 

 

 

4.000% due 11/15/2032

 

1,500

 

1,564

5.000% due 11/15/2030

 

1,000

 

1,110

5.000% due 11/15/2031

 

1,000

 

1,108

Metropolitan Transportation Authority, New York Revenue Notes, Series 2019
5.000% due 09/01/2022

 

805

 

816

Metropolitan Transportation Authority, New York Revenue Notes, Series 2020
5.000% due 02/01/2023

 

1,695

 

1,736

Monroe County Industrial Development Corp., New York Revenue Bonds, Series 2017
5.000% due 12/01/2027

 

1,000

 

1,115

Nassau County, New York General Obligation Notes, Series 2016
5.000% due 04/01/2026

 

1,360

 

1,506

New York City Housing Development Corp. Revenue Bonds, Series 2013
5.250% due 07/01/2031

 

2,500

 

2,602

New York City Industrial Development Agency, New York Revenue Notes, (AGM Insured), Series 2021

 

 

 

 

5.000% due 01/01/2028

 

1,150

 

1,299

5.000% due 01/01/2029

 

1,250

 

1,431

New York City Transitional Finance Authority Building Aid, New York Revenue Bonds, Series 2018
5.000% due 07/15/2031

 

1,520

 

1,761

New York City Transitional Finance Authority Future Tax Secured, New York Revenue Bonds, Series 2012
5.000% due 08/01/2029

 

2,300

 

2,703

New York City Transitional Finance Authority Future Tax Secured, New York Revenue Bonds, Series 2014
5.000% due 08/01/2031

 

5,000

 

5,329

New York City Transitional Finance Authority Future Tax Secured, New York Revenue Notes, Series 2020
5.000% due 11/01/2024

 

1,500

 

1,612

New York City Water & Sewer System, New York Revenue Bonds, Series 2015
5.000% due 06/15/2039

 

5,000

 

5,410

New York City Water & Sewer System, New York Revenue Notes, Series 2021
5.000% due 06/15/2031

 

3,500

 

4,245

New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2022
5.000% due 06/15/2033

 

3,210

 

3,982

New York City, New York Municipal Water Finance Authority Revenue Notes, Series 2022

 

 

 

 

5.000% due 06/15/2027

 

2,500

 

2,760

5.000% due 06/15/2030

 

5,790

 

6,922

New York City, New York Water & Sewer System Revenue Notes, Series 2021
5.000% due 06/15/2028

 

2,500

 

2,807

New York State Dormitory Authority Revenue Bonds, Series 2012
5.000% due 12/15/2025

 

405

 

415

New York State Dormitory Authority Revenue Bonds, Series 2018

 

 

 

 

5.000% due 03/15/2031

 

3,000

 

3,464

5.000% due 01/15/2032

 

500

 

572

New York State Dormitory Authority Revenue Bonds, Series 2019
5.000% due 05/01/2048

 

2,535

 

2,657

New York State Dormitory Authority Revenue Bonds, Series 2020
4.000% due 03/15/2035

 

6,500

 

6,996

New York State Dormitory Authority Revenue Bonds, Series 2022
4.000% due 03/15/2034

 

10,000

 

10,912

New York State Energy Research & Development Authority Revenue Bonds, Series 1994
3.500% due 10/01/2029

 

3,000

 

3,060

Schedule of Investments PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

New York Transportation Development Corp. Revenue Notes, Series 2020
5.000% due 12/01/2026

 

1,070

 

1,169

Onondaga County, New York Trust for Cultural Resources Revenue Bonds, Series 2019
5.000% due 12/01/2043

 

2,000

 

2,298

Sales Tax Asset Receivable Corp., New York Revenue Bonds, Series 2014
4.000% due 10/15/2032

 

3,000

 

3,155

Triborough Bridge & Tunnel Authority, New York Revenue Bonds, Series 2021
2.000% due 05/15/2045

 

3,000

 

2,967

TSASC, Inc., New York Revenue Notes, Series 2017

 

 

 

 

5.000% due 06/01/2026

 

1,270

 

1,389

5.000% due 06/01/2027

 

2,800

 

3,109

 

 

 

 

99,569

NORTH CAROLINA 0.6%

 

 

 

 

Charlotte-Mecklenburg Hospital Authority, North Carolina Revenue Notes, Series 2022
5.000% due 01/15/2028

 

1,000

 

1,146

North Carolina Medical Care Commission Revenue Bonds, Series 2012

 

 

 

 

5.000% due 06/01/2023

 

1,665

 

1,676

5.000% due 10/01/2027

 

1,120

 

1,140

University of North Carolina at Greensboro Revenue Bonds, Series 2014
5.000% due 04/01/2026

 

250

 

265

 

 

 

 

4,227

OHIO 3.8%

 

 

 

 

Allen County, Ohio Hospital Facilities Revenue Notes, Series 2020
5.000% due 12/01/2029

 

1,500

 

1,771

Buckeye Tobacco Settlement Financing Authority, Ohio Revenue Bonds, Series 2020

 

 

 

 

4.000% due 06/01/2048

 

3,500

 

3,514

5.000% due 06/01/2033

 

1,650

 

1,865

Butler County, Ohio Revenue Bonds, Series 2017
5.000% due 11/15/2030

 

1,235

 

1,390

Cleveland Department of Public Utilities Division of Water, Ohio Revenue Bonds, Series 2020
5.000% due 01/01/2032

 

1,000

 

1,182

Cuyahoga County, Ohio Certificates of Participation Bonds, Series 2014
5.000% due 12/01/2025

 

3,000

 

3,162

Franklin County, Ohio Revenue Bonds, Series 2016
5.000% due 11/01/2031

 

5,000

 

6,118

Hamilton County, Ohio Sales Tax Revenue Notes, Series 2016
5.000% due 12/01/2026

 

750

 

847

Northeast Ohio Medical University Revenue Notes, Series 2021
5.000% due 12/01/2029

 

115

 

130

Ohio Air Quality Development Authority Revenue Bonds, Series 2014
2.400% due 12/01/2038

 

3,200

 

3,204

Ohio Water Development Authority Revenue Notes, Series 2019
5.000% due 12/01/2028

 

1,000

 

1,178

Ohio Water Development Authority Water Pollution Control Loan Fund Revenue Bonds, Series 2020
5.000% due 12/01/2032

 

2,000

 

2,395

University of Cincinnati, Ohio Revenue Bonds, Series 2012
5.000% due 06/01/2024

 

1,250

 

1,258

 

 

 

 

28,014

OKLAHOMA 0.1%

 

 

 

 

Oklahoma Turnpike Authority Revenue Bonds, Series 2017
5.000% due 01/01/2037

 

1,000

 

1,097

OREGON 0.8%

 

 

 

 

Medford Hospital Facilities Authority, Oregon Revenue Bonds, Series 2020

 

 

 

 

5.000% due 08/15/2032

 

600

 

705

5.000% due 08/15/2034

 

1,250

 

1,464

Salem-Keizer School District No 24J, Oregon General Obligation Notes, Series 2020

 

 

 

 

5.000% due 06/15/2027

 

500

 

573

5.000% due 06/15/2028

 

700

 

817

5.000% due 06/15/2029

 

800

 

950

5.000% due 06/15/2030

 

925

 

1,114

 

 

 

 

5,623

PENNSYLVANIA 3.9%

 

 

 

 

Commonwealth Financing Authority, Pennsylvania Revenue Bonds, Series 2018
5.000% due 06/01/2031

 

1,340

 

1,505

Commonwealth Financing Authority, Pennsylvania Revenue Notes, Series 2018
5.000% due 06/01/2025

 

1,500

 

1,618

Commonwealth Financing Authority, Pennsylvania Revenue Notes, Series 2020
5.000% due 06/01/2030

 

2,120

 

2,519

Commonwealth of Pennsylvania General Obligation Notes, Series 2016
5.000% due 01/15/2027

 

2,000

 

2,264

Commonwealth of Pennsylvania General Obligation Notes, Series 2019
5.000% due 07/15/2024

 

5,000

 

5,346

Delaware River Joint Toll Bridge Commission, Pennsylvania Revenue Notes, Series 2019
5.000% due 07/01/2026

 

1,500

 

1,679

Schedule of Investments PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Delaware River Port Authority, Pennsylvania Revenue Notes, Series 2012
5.000% due 01/01/2023

 

900

 

922

Geisinger Authority, Pennsylvania Revenue Bonds, Series 2020
5.000% due 04/01/2043

 

4,500

 

5,029

Lehigh County, Pennsylvania Revenue Notes, Series 2019
5.000% due 07/01/2029

 

1,310

 

1,535

Pennsylvania Higher Educational Facilities Authority Revenue Bonds, Series 2015

 

 

 

 

5.000% due 08/15/2029

 

340

 

370

5.000% due 08/15/2031

 

300

 

326

5.000% due 08/15/2033

 

1,000

 

1,084

Pennsylvania Higher Educational Facilities Authority Revenue Bonds, Series 2017
5.000% due 08/15/2029

 

1,250

 

1,410

Pennsylvania Turnpike Commission Revenue Notes, Series 2021
4.000% due 12/01/2025

 

650

 

695

Philadelphia Gas Works, Co., Pennsylvania Revenue Bonds, Series 2015
5.000% due 08/01/2027

 

750

 

819

Philadelphia Gas Works, Colorado, Pennsylvania Revenue Bonds, Series 2015
5.000% due 08/01/2026

 

1,000

 

1,093

 

 

 

 

28,214

PUERTO RICO 0.2%

 

 

 

 

Puerto Rico Electric Power Authority Revenue Bonds, (AGM Insured), Series 2007
0.664% (0.67*US0003M + 0.520%) due 07/01/2029 ~

 

1,280

 

1,293

RHODE ISLAND 1.1%

 

 

 

 

Tobacco Settlement Financing Corp., Rhode Island Revenue Bonds, Series 2015
5.000% due 06/01/2035

 

7,500

 

7,984

SOUTH CAROLINA 0.3%

 

 

 

 

South Carolina Public Service Authority Revenue Bonds, Series 2021
4.000% due 12/01/2033

 

2,000

 

2,172

SOUTH DAKOTA 0.3%

 

 

 

 

South Dakota Health & Educational Facilities Authority Revenue Bonds, Series 2014
5.000% due 11/01/2027

 

925

 

990

South Dakota Health & Educational Facilities Authority Revenue Bonds, Series 2015
5.000% due 11/01/2028

 

900

 

982

 

 

 

 

1,972

TENNESSEE 0.9%

 

 

 

 

Tennergy Corp., Tennessee Revenue Bonds, Series 2019
5.000% due 02/01/2050

 

1,500

 

1,596

Tennessee Energy Acquisition Corp. Revenue Bonds, Series 2006

 

 

 

 

5.000% due 02/01/2027

 

3,000

 

3,295

5.250% due 09/01/2026

 

1,745

 

1,923

 

 

 

 

6,814

TEXAS 5.5%

 

 

 

 

Arlington Higher Education Finance Corp., Texas Revenue Notes, (PSF Insured), Series 2021
4.000% due 02/15/2028

 

300

 

325

Austin Independent School District, Texas General Obligation Notes, (PSF Insured), Series 2022

 

 

 

 

5.000% due 08/01/2028

 

1,000

 

1,167

5.000% due 08/01/2030

 

1,000

 

1,210

Central Texas Regional Mobility Authority Revenue Bonds, Series 2021
5.000% due 01/01/2032

 

110

 

129

Central Texas Regional Mobility Authority Revenue Notes, Series 2021

 

 

 

 

5.000% due 01/01/2027

 

3,000

 

3,252

5.000% due 01/01/2030

 

205

 

238

Clifton Higher Education Finance Corp., Texas Revenue Bonds, (PSF Insured), Series 2021

 

 

 

 

4.000% due 08/15/2033

 

1,110

 

1,240

4.000% due 08/15/2034

 

950

 

1,058

4.000% due 08/15/2036

 

700

 

777

Corpus Christi Independent School District, Texas General Obligation Notes, (PSF Insured), Series 2016
5.000% due 08/15/2025

 

2,115

 

2,324

Dallas, Texas Waterworks & Sewer System Revenue Bonds, Series 2012
5.000% due 10/01/2023

 

1,000

 

1,016

El Paso Independent School District, Texas General Obligation Notes, (PSF Insured), Series 2020
5.000% due 08/15/2027

 

350

 

402

Fort Bend Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2020
5.000% due 08/15/2031

 

920

 

1,094

Harris County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2014
5.000% due 12/01/2025

 

500

 

538

Harris County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2019
0.811% due 11/15/2046 ~

 

1,000

 

1,001

Houston, Texas Airport System Revenue Bonds, Series 2018
5.000% due 07/01/2030

 

3,300

 

3,755

Katy Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2018
5.000% due 02/15/2029

 

1,435

 

1,654

Schedule of Investments PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Lower Colorado River Authority, Texas Revenue Bonds, Series 2020
5.000% due 05/15/2033

 

1,250

 

1,448

North Texas Tollway Authority Revenue Bonds, Series 2016
5.000% due 01/01/2028

 

2,875

 

3,163

San Antonio Public Facilities Corp., Texas Revenue Bonds, Series 2012
5.000% due 09/15/2025

 

1,000

 

1,016

San Antonio, Texas Electric & Gas Systems Revenue Bonds, Series 2015
1.125% due 12/01/2045

 

2,500

 

2,353

San Antonio, Texas Electric & Gas Systems Revenue Bonds, Series 2022
2.000% due 02/01/2049

 

1,000

 

969

Tarrant County, Texas Cultural Education Facilities Finance Corp. Revenue Notes, Series 2022
5.000% due 10/01/2030

 

450

 

539

Texas Municipal Gas Acquisition & Supply Corp. Revenue Bonds, Series 2006
2.003% due 12/15/2026 ~

 

2,500

 

2,501

Texas Municipal Gas Acquisition & Supply Corp. Revenue Bonds, Series 2008
6.250% due 12/15/2026

 

1,425

 

1,564

Texas Municipal Gas Acquisition & Supply Corp. Revenue Notes, Series 2021
5.000% due 12/15/2026

 

1,250

 

1,353

Texas Water Development Board Revenue Bonds, Series 2018

 

 

 

 

5.000% due 04/15/2030

 

250

 

292

5.000% due 10/15/2030

 

3,010

 

3,512

University of Texas System Revenue Bonds, Series 2010
5.000% due 08/15/2022

 

500

 

507

 

 

 

 

40,397

UTAH 0.2%

 

 

 

 

University of Utah Revenue Bonds, Series 2020
5.000% due 08/01/2033

 

1,000

 

1,193

VIRGINIA 2.2%

 

 

 

 

Fairfax County, Virginia Economic Development Authority Special Tax Notes, Series 2022
5.000% due 04/01/2031

 

5,130

 

6,212

Roanoke Economic Development Authority, Virginia Revenue Bonds, Series 2020
5.000% due 07/01/2053

 

2,700

 

3,156

Virginia Public School Authority Revenue Notes, Series 2022
5.000% due 01/15/2029

 

2,320

 

2,728

Wise County, Virginia Industrial Development Authority Revenue Bonds, Series 2009
0.750% due 10/01/2040

 

3,800

 

3,588

 

 

 

 

15,684

WASHINGTON 3.5%

 

 

 

 

Energy Northwest, Washington Revenue Bonds, Series 2018
5.000% due 07/01/2031

 

3,035

 

3,529

Energy Northwest, Washington Revenue Bonds, Series 2020
5.000% due 07/01/2033

 

2,000

 

2,379

King County School District No 414 Lake Washington General Obligation Notes, Series 2020
4.000% due 12/01/2028

 

5,045

 

5,615

Seattle, Washington Solid Waste Revenue Notes, Series 2014
5.000% due 05/01/2024

 

545

 

579

Washington Health Care Facilities Authority Revenue Bonds, Series 2017
1.560% (MUNIPSA + 1.050%) due 01/01/2042 ~

 

2,500

 

2,509

Washington Health Care Facilities Authority Revenue Bonds, Series 2020
5.000% due 09/01/2032

 

450

 

526

Washington Health Care Facilities Authority Revenue Bonds, Series 2021
4.000% due 10/01/2042

 

5,200

 

5,761

Washington Higher Education Facilities Authority Revenue Notes, Series 2020
5.000% due 05/01/2025

 

250

 

269

Washington State General Obligation Bonds, Series 2020
5.000% due 08/01/2035

 

1,895

 

2,256

Washington State Revenue Bonds, Series 2012
5.000% due 09/01/2023

 

2,000

 

2,029

 

 

 

 

25,452

WEST VIRGINIA 0.5%

 

 

 

 

Mason County, West Virginia Revenue Bonds, Series 2003
2.750% due 10/01/2022

 

2,000

 

2,008

Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2020
3.000% due 06/01/2035

 

1,848

 

1,867

 

 

 

 

3,875

WISCONSIN 1.4%

 

 

 

 

Public Finance Authority, Wisconsin Revenue Bonds, Series 2021
4.000% due 10/01/2041

 

2,000

 

2,215

Public Finance Authority, Wisconsin Revenue Notes, Series 2021
4.000% due 10/01/2028

 

255

 

273

Wisconsin Center District Revenue Notes, (AGM Insured), Series 2020
0.000% due 12/15/2029 (b)

 

2,105

 

1,626

Wisconsin Environmental Improvement Fund State Revenue Bonds, Series 2020
5.000% due 06/01/2033

 

3,500

 

4,143

Schedule of Investments PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Wisconsin Health & Educational Facilities Authority Revenue Notes, Series 2018
5.000% due 04/01/2029

 

1,925

 

2,251

 

 

 

 

10,508

Total Municipal Bonds & Notes (Cost $639,250)

 

 

 

626,754

SHORT-TERM INSTRUMENTS 11.7%

 

 

 

 

REPURCHASE AGREEMENTS (c) 0.1%

 

 

 

558

U.S. TREASURY BILLS 9.9%

 

 

 

 

0.343% due 04/12/2022 - 06/30/2022 (a)(b)

 

72,000

 

71,966

U.S. TREASURY CASH MANAGEMENT BILLS 1.7%

 

 

 

 

0.362% due 05/17/2022 - 07/12/2022 (a)(b)

 

12,300

 

12,290

Total Short-Term Instruments (Cost $84,807)

 

 

 

84,814

Total Investments in Securities (Cost $724,057)

 

 

 

711,568

Total Investments 97.7% (Cost $724,057)

 

 

$

711,568

Other Assets and Liabilities, net 2.3%

 

 

 

17,001

Net Assets 100.0%

 

 

$

728,569

Schedule of Investments PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 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.

(a)

Coupon represents a weighted average yield to maturity.

(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

0.010%

03/31/2022

04/01/2022

$

558

U.S. Treasury Notes 0.375% due 09/15/2024

$

(569)

$

558

$

558

Total Repurchase Agreements

 

$

(569)

$

558

$

558

(1)

Includes accrued interest.

FAIR VALUE MEASUREMENTS

The following is a summary of the fair valuations according to the inputs used as of March 31, 2022 in valuing the Fund's assets and liabilities:

 

Category and Subcategory

Level 1

Level 2

Level 3

Fair Value
at 03/31/2022

Investments in Securities, at Value

Municipal Bonds & Notes

 

Alabama

$

0

$

18,683

$

0

$

18,683

 

 

Alaska

 

0

 

3,007

 

0

 

3,007

 

 

Arizona

 

0

 

5,444

 

0

 

5,444

 

 

California

 

0

 

36,021

 

0

 

36,021

 

 

Colorado

 

0

 

9,614

 

0

 

9,614

 

 

Connecticut

 

0

 

27,482

 

0

 

27,482

 

 

District of Columbia

 

0

 

2,193

 

0

 

2,193

 

 

Florida

 

0

 

28,155

 

0

 

28,155

 

 

Georgia

 

0

 

21,540

 

0

 

21,540

 

 

Guam

 

0

 

797

 

0

 

797

 

 

Hawaii

 

0

 

2,190

 

0

 

2,190

 

 

Illinois

 

0

 

56,151

 

0

 

56,151

 

 

Indiana

 

0

 

7,807

 

0

 

7,807

 

 

Kentucky

 

0

 

10,575

 

0

 

10,575

 

 

Louisiana

 

0

 

11,601

 

0

 

11,601

 

 

Maine

 

0

 

902

 

0

 

902

 

 

Maryland

 

0

 

7,456

 

0

 

7,456

 

 

Massachusetts

 

0

 

9,162

 

0

 

9,162

 

 

Michigan

 

0

 

14,196

 

0

 

14,196

 

 

Minnesota

 

0

 

1,127

 

0

 

1,127

 

 

Mississippi

 

0

 

1,528

 

0

 

1,528

 

 

Missouri

 

0

 

4,913

 

0

 

4,913

 

 

Nebraska

 

0

 

9,650

 

0

 

9,650

 

 

Nevada

 

0

 

13,293

 

0

 

13,293

 

 

New Hampshire

 

0

 

1,681

 

0

 

1,681

 

 

New Jersey

 

0

 

30,816

 

0

 

30,816

 

 

New Mexico

 

0

 

6,682

 

0

 

6,682

 

 

New York

 

0

 

99,569

 

0

 

99,569

 

 

North Carolina

 

0

 

4,227

 

0

 

4,227

 

 

Ohio

 

0

 

28,014

 

0

 

28,014

 

 

Oklahoma

 

0

 

1,097

 

0

 

1,097

 

 

Oregon

 

0

 

5,623

 

0

 

5,623

 

 

Pennsylvania

 

0

 

28,214

 

0

 

28,214

 

 

Puerto Rico

 

0

 

1,293

 

0

 

1,293

 

 

Rhode Island

 

0

 

7,984

 

0

 

7,984

 

 

South Carolina

 

0

 

2,172

 

0

 

2,172

 

 

South Dakota

 

0

 

1,972

 

0

 

1,972

 

 

Tennessee

 

0

 

6,814

 

0

 

6,814

 

 

Texas

 

0

 

40,397

 

0

 

40,397

 

 

Utah

 

0

 

1,193

 

0

 

1,193

 

 

Virginia

 

0

 

15,684

 

0

 

15,684

 

 

Washington

 

0

 

25,452

 

0

 

25,452

 

 

West Virginia

 

0

 

3,875

 

0

 

3,875

 

 

Wisconsin

 

0

 

10,508

 

0

 

10,508

 

Short-Term Instruments

Schedule of Investments PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

 

Repurchase Agreements

 

0

 

558

 

0

 

558

 

 

U.S. Treasury Bills

 

0

 

71,966

 

0

 

71,966

 

 

U.S. Treasury Cash Management Bills

 

0

 

12,290

 

0

 

12,290

 

Total Investments

$

0

$

711,568

$

0

$

711,568

 

 

There were no significant transfers into or out of Level 3 during the period ended March 31, 2022.

 

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

March 31, 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 90.4%

 

 

 

 

BANKING & FINANCE 33.9%

 

 

 

 

AerCap Ireland Capital DAC

 

 

 

 

2.450% due 10/29/2026

$

314

$

291

3.300% due 01/30/2032

 

182

 

164

3.400% due 10/29/2033

 

146

 

131

4.450% due 10/01/2025

 

441

 

443

AIB Group PLC
4.750% due 10/12/2023

 

449

 

457

Aircastle Ltd.
4.250% due 06/15/2026

 

10

 

10

Alexandria Real Estate Equities, Inc.
1.875% due 02/01/2033

 

697

 

591

Alleghany Corp.
3.250% due 08/15/2051

 

1,333

 

1,161

Ally Financial, Inc.

 

 

 

 

1.450% due 10/02/2023

 

480

 

469

3.875% due 05/21/2024

 

40

 

41

5.800% due 05/01/2025

 

152

 

161

American Express Co.

 

 

 

 

2.650% due 12/02/2022

 

1,311

 

1,319

4.050% due 12/03/2042

 

126

 

133

American International Group, Inc.

 

 

 

 

3.400% due 06/30/2030

 

449

 

448

3.750% due 07/10/2025

 

2,219

 

2,257

3.875% due 01/15/2035

 

536

 

547

3.900% due 04/01/2026

 

313

 

321

4.250% due 03/15/2029

 

132

 

138

4.500% due 07/16/2044

 

218

 

236

American Tower Corp.

 

 

 

 

1.450% due 09/15/2026

 

100

 

91

2.100% due 06/15/2030

 

100

 

87

2.300% due 09/15/2031

 

100

 

88

2.400% due 03/15/2025

 

1,604

 

1,563

2.750% due 01/15/2027

 

972

 

932

3.125% due 01/15/2027

 

625

 

610

3.375% due 10/15/2026

 

906

 

895

3.500% due 01/31/2023

 

1,445

 

1,459

3.600% due 01/15/2028

 

769

 

763

ANZ New Zealand International Ltd.
1.250% due 06/22/2026

 

143

 

132

Aon Corp.

 

 

 

 

2.800% due 05/15/2030

 

305

 

291

2.900% due 08/23/2051

 

711

 

592

Arch Capital Group Ltd.
3.635% due 06/30/2050

 

142

 

131

Ares Capital Corp.

 

 

 

 

2.875% due 06/15/2027

 

458

 

417

2.875% due 06/15/2028

 

10

 

9

Athene Global Funding

 

 

 

 

1.608% due 06/29/2026

 

146

 

133

2.673% due 06/07/2031

 

10

 

9

Athene Holding Ltd.
4.125% due 01/12/2028

 

323

 

326

Australia & New Zealand Banking Group Ltd.

 

 

 

 

2.570% due 11/25/2035 •

 

506

 

442

2.950% due 07/22/2030 •

 

126

 

121

Aviation Capital Group LLC
1.950% due 01/30/2026

 

146

 

134

Avolon Holdings Funding Ltd.

 

 

 

 

2.125% due 02/21/2026

 

45

 

41

2.528% due 11/18/2027

 

426

 

377

2.875% due 02/15/2025

 

2,589

 

2,488

5.500% due 01/15/2026

 

1,001

 

1,034

Banco de Credito e Inversiones SA
3.500% due 10/12/2027

 

1,542

 

1,568

Banco Santander Chile
2.700% due 01/10/2025

 

136

 

133

Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand

 

 

 

 

4.125% due 11/09/2022

 

223

 

225

5.375% due 04/17/2025

 

202

 

211

 

 

 

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Bank of America Corp.

 

 

 

 

1.530% due 12/06/2025 •

 

879

 

841

2.572% due 10/20/2032 •

 

4,360

 

3,969

3.384% due 04/02/2026 •

 

1,000

 

999

3.419% due 12/20/2028 •

 

1,871

 

1,854

3.458% due 03/15/2025 •

 

2,129

 

2,143

3.500% due 04/19/2026

 

1,749

 

1,772

4.000% due 04/01/2024

 

2,046

 

2,101

4.083% due 03/20/2051 •

 

2,348

 

2,441

4.271% due 07/23/2029 •

 

1,861

 

1,922

7.750% due 05/14/2038

 

190

 

266

Bank of New Zealand
1.000% due 03/03/2026

 

110

 

101

Barclays PLC
4.375% due 01/12/2026

 

5,173

 

5,286

Berkshire Hathaway Finance Corp.

 

 

 

 

2.850% due 10/15/2050

 

202

 

176

3.850% due 03/15/2052

 

1,000

 

1,024

4.200% due 08/15/2048

 

246

 

265

4.250% due 01/15/2049

 

308

 

339

5.750% due 01/15/2040

 

1,179

 

1,472

Berkshire Hathaway, Inc.
4.500% due 02/11/2043

 

1,162

 

1,279

Blackstone Secured Lending Fund

 

 

 

 

2.750% due 09/16/2026

 

322

 

299

3.625% due 01/15/2026

 

138

 

135

Block Financial LLC
3.875% due 08/15/2030

 

266

 

262

Blue Owl Finance LLC

 

 

 

 

3.125% due 06/10/2031

 

481

 

410

4.125% due 10/07/2051

 

446

 

355

BNP Paribas SA

 

 

 

 

1.323% due 01/13/2027 •

 

258

 

235

2.591% due 01/20/2028 •

 

813

 

766

3.132% due 01/20/2033 •

 

358

 

332

4.400% due 08/14/2028

 

1,396

 

1,422

Boston Properties LP

 

 

 

 

2.550% due 04/01/2032

 

10

 

9

3.250% due 01/30/2031

 

10

 

10

3.400% due 06/21/2029

 

10

 

10

BPCE SA

 

 

 

 

4.500% due 03/15/2025

 

238

 

241

4.625% due 09/12/2028

 

213

 

220

Brookfield Finance, Inc.

 

 

 

 

3.625% due 02/15/2052

 

470

 

423

3.900% due 01/25/2028

 

560

 

563

4.850% due 03/29/2029

 

1,978

 

2,112

Brown & Brown, Inc.

 

 

 

 

2.375% due 03/15/2031

 

146

 

128

4.950% due 03/17/2052

 

100

 

107

Camden Property Trust
2.800% due 05/15/2030

 

10

 

10

Cboe Global Markets, Inc.

 

 

 

 

1.625% due 12/15/2030

 

196

 

171

3.650% due 01/12/2027

 

395

 

402

Charles Schwab Corp.

 

 

 

 

1.650% due 03/11/2031

 

473

 

414

1.950% due 12/01/2031

 

186

 

165

2.000% due 03/20/2028

 

10

 

9

2.300% due 05/13/2031

 

10

 

9

2.900% due 03/03/2032

 

100

 

96

China Cinda Finance Ltd.
4.250% due 04/23/2025

 

315

 

319

Chubb INA Holdings, Inc.
4.350% due 11/03/2045

 

279

 

304

Citigroup, Inc.

 

 

 

 

2.561% due 05/01/2032 •(e)

 

2,129

 

1,924

2.572% due 06/03/2031 •(e)

 

773

 

710

2.666% due 01/29/2031 •

 

10

 

9

3.057% due 01/25/2033 •(e)

 

190

 

178

3.106% due 04/08/2026 •

 

10

 

10

3.400% due 05/01/2026

 

890

 

898

3.668% due 07/24/2028 •

 

10

 

10

3.700% due 01/12/2026

 

495

 

502

3.887% due 01/10/2028 •

 

687

 

696

4.000% due 08/05/2024

 

928

 

949

Citizens Financial Group, Inc.
3.250% due 04/30/2030

 

10

 

10

CME Group, Inc.

 

 

 

 

3.000% due 03/15/2025

 

702

 

707

3.750% due 06/15/2028

 

764

 

784

4.150% due 06/15/2048

 

899

 

979

Commonwealth Bank of Australia

 

 

 

 

2.688% due 03/11/2031

 

466

 

415

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

3.743% due 09/12/2039 (d)

 

302

 

283

Cooperatieve Rabobank UA
5.250% due 05/24/2041

 

2,167

 

2,674

Corebridge Financial, Inc.

 

 

 

 

3.500% due 04/04/2025 (a)

 

300

 

300

3.650% due 04/05/2027 (a)

 

300

 

300

3.850% due 04/05/2029 (a)

 

200

 

200

3.900% due 04/05/2032 (a)

 

200

 

200

4.400% due 04/05/2052 (a)

 

100

 

100

Credit Suisse AG
1.250% due 08/07/2026

 

516

 

471

Credit Suisse Group AG

 

 

 

 

1.305% due 02/02/2027 •

 

148

 

133

2.193% due 06/05/2026 •

 

904

 

850

3.800% due 06/09/2023

 

1,810

 

1,827

4.194% due 04/01/2031 •

 

60

 

59

4.875% due 05/15/2045

 

1,021

 

1,061

Crown Castle International Corp.

 

 

 

 

1.350% due 07/15/2025

 

23

 

21

2.100% due 04/01/2031

 

20

 

17

2.250% due 01/15/2031

 

285

 

252

2.500% due 07/15/2031

 

10

 

9

2.900% due 03/15/2027

 

197

 

191

2.900% due 04/01/2041

 

186

 

154

3.100% due 11/15/2029

 

1,179

 

1,119

3.300% due 07/01/2030

 

100

 

96

4.300% due 02/15/2029

 

272

 

280

4.450% due 02/15/2026

 

1,619

 

1,669

Danske Bank AS

 

 

 

 

3.244% due 12/20/2025 •

 

179

 

176

5.375% due 01/12/2024

 

387

 

399

Deutsche Bank AG

 

 

 

 

2.129% due 11/24/2026 •(e)

 

258

 

239

2.222% due 09/18/2024 •

 

202

 

198

4.100% due 01/13/2026

 

1,432

 

1,442

Digital Realty Trust LP
3.600% due 07/01/2029

 

10

 

10

Discover Bank
4.650% due 09/13/2028

 

926

 

963

DNB Bank ASA
1.535% due 05/25/2027 •

 

418

 

385

Duke Realty LP
4.000% due 09/15/2028

 

1,486

 

1,520

Enstar Group Ltd.
3.100% due 09/01/2031

 

736

 

660

Equinix, Inc.

 

 

 

 

1.450% due 05/15/2026

 

10

 

9

2.150% due 07/15/2030

 

471

 

413

2.625% due 11/18/2024

 

50

 

49

3.200% due 11/18/2029

 

166

 

159

Equitable Holdings, Inc.
5.000% due 04/20/2048

 

695

 

746

Essex Portfolio LP

 

 

 

 

2.650% due 03/15/2032

 

1,976

 

1,811

3.250% due 05/01/2023

 

1,931

 

1,940

Extra Space Storage LP
2.350% due 03/15/2032

 

2,083

 

1,832

F&G Global Funding

 

 

 

 

1.750% due 06/30/2026

 

143

 

133

2.300% due 04/11/2027

 

813

 

761

Fairfax Financial Holdings Ltd.
4.850% due 04/17/2028

 

1,031

 

1,069

Fidelity National Financial, Inc.

 

 

 

 

2.450% due 03/15/2031

 

10

 

9

3.200% due 09/17/2051

 

516

 

408

3.400% due 06/15/2030

 

150

 

145

First Republic Bank
4.375% due 08/01/2046

 

179

 

186

Ford Motor Credit Co. LLC
3.087% due 01/09/2023

 

1,346

 

1,349

FS KKR Capital Corp.

 

 

 

 

1.650% due 10/12/2024

 

264

 

249

3.125% due 10/12/2028

 

264

 

236

3.400% due 01/15/2026

 

470

 

456

GA Global Funding Trust

 

 

 

 

0.800% due 09/13/2024

 

141

 

132

1.950% due 09/15/2028

 

258

 

230

2.250% due 01/06/2027

 

813

 

760

General Motors Financial Co., Inc.

 

 

 

 

1.050% due 03/08/2024

 

295

 

284

1.250% due 01/08/2026

 

434

 

398

1.500% due 06/10/2026

 

10

 

9

2.350% due 01/08/2031

 

150

 

130

2.750% due 06/20/2025

 

10

 

10

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

4.150% due 06/19/2023

 

10

 

10

5.100% due 01/17/2024

 

10

 

10

Global Atlantic Fin Co.
3.125% due 06/15/2031

 

100

 

90

GLP Capital LP

 

 

 

 

3.250% due 01/15/2032

 

100

 

91

4.000% due 01/15/2030

 

1,141

 

1,110

4.000% due 01/15/2031

 

258

 

251

5.300% due 01/15/2029

 

1,213

 

1,276

5.375% due 04/15/2026

 

687

 

719

Goldman Sachs Group, Inc.

 

 

 

 

0.622% (SOFRRATE + 0.490%) due 10/21/2024 ~

 

708

 

697

1.431% due 03/09/2027 •

 

295

 

272

1.948% due 10/21/2027 •

 

2,126

 

1,979

1.992% due 01/27/2032 •

 

811

 

704

2.600% due 02/07/2030

 

10

 

9

2.615% due 04/22/2032 •

 

2,129

 

1,939

2.640% due 02/24/2028 •

 

470

 

450

3.102% due 02/24/2033 •

 

470

 

444

3.210% due 04/22/2042 •

 

258

 

234

3.500% due 01/23/2025

 

218

 

220

3.800% due 03/15/2030

 

10

 

10

4.750% due 10/21/2045

 

1,946

 

2,182

6.750% due 10/01/2037

 

1,351

 

1,707

Guardian Life Global Funding
1.625% due 09/16/2028

 

857

 

753

Guardian Life Insurance Co. of America
4.850% due 01/24/2077

 

179

 

205

Highwoods Realty LP
3.050% due 02/15/2030

 

1,999

 

1,902

HSBC Holdings PLC

 

 

 

 

1.589% due 05/24/2027 •

 

186

 

170

2.206% due 08/17/2029 •

 

156

 

141

2.357% due 08/18/2031 •

 

146

 

130

3.900% due 05/25/2026

 

1,698

 

1,716

3.973% due 05/22/2030 •

 

305

 

306

4.300% due 03/08/2026

 

1,550

 

1,592

4.583% due 06/19/2029 •

 

1,054

 

1,086

Hutchison Whampoa International Ltd.
7.450% due 11/24/2033

 

964

 

1,310

Invitation Homes Operating Partnership LP
2.000% due 08/15/2031

 

606

 

518

Jackson National Life Global Funding
1.750% due 01/12/2025

 

186

 

178

JPMorgan Chase & Co.

 

 

 

 

1.037% (SOFRRATE + 0.765%) due 09/22/2027 ~

 

516

 

503

1.045% due 11/19/2026 •

 

100

 

92

1.470% due 09/22/2027 •

 

2,146

 

1,980

1.764% due 11/19/2031 •

 

258

 

223

2.005% due 03/13/2026 •

 

687

 

663

2.580% due 04/22/2032 •

 

4,360

 

4,000

2.947% due 02/24/2028 •

 

976

 

954

2.950% due 10/01/2026

 

1,656

 

1,645

2.963% due 01/25/2033 •

 

370

 

349

3.509% due 01/23/2029 •

 

687

 

685

4.850% due 02/01/2044

 

1,663

 

1,899

5.400% due 01/06/2042

 

208

 

248

Kilroy Realty LP
2.650% due 11/15/2033

 

100

 

87

Kimco Realty Corp.
2.250% due 12/01/2031

 

928

 

833

KKR Group Finance Co. LLC
3.250% due 12/15/2051

 

352

 

294

Lazard Group LLC
3.750% due 02/13/2025

 

2,548

 

2,577

Liberty Mutual Group, Inc.
3.951% due 10/15/2050

 

640

 

607

Lloyds Banking Group PLC

 

 

 

 

2.907% due 11/07/2023 •

 

2,618

 

2,622

3.750% due 01/11/2027

 

3,214

 

3,209

LSEGA Financing PLC
2.000% due 04/06/2028

 

388

 

354

Macquarie Group Ltd.
1.935% due 04/14/2028 •

 

1,742

 

1,565

Manulife Financial Corp.
4.150% due 03/04/2026

 

442

 

452

Marsh & McLennan Cos., Inc.

 

 

 

 

2.375% due 12/15/2031

 

100

 

92

2.900% due 12/15/2051

 

100

 

83

3.750% due 03/14/2026

 

231

 

235

4.350% due 01/30/2047

 

129

 

137

MET Tower Global Funding
1.250% due 09/14/2026

 

1,104

 

1,020

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

MetLife, Inc.
9.250% due 04/08/2068

 

263

 

342

Metropolitan Life Global Funding I
1.875% due 01/11/2027

 

1,804

 

1,697

Mitsubishi UFJ Financial Group, Inc.

 

 

 

 

2.309% due 07/20/2032 •

 

186

 

167

2.341% due 01/19/2028 •

 

895

 

847

2.559% due 02/25/2030

 

687

 

638

2.852% due 01/19/2033 •

 

895

 

835

3.195% due 07/18/2029

 

687

 

668

3.751% due 07/18/2039

 

120

 

118

3.850% due 03/01/2026

 

430

 

436

Mizuho Financial Group, Inc.

 

 

 

 

1.241% due 07/10/2024 •

 

687

 

673

2.564% due 09/13/2031

 

186

 

163

Morgan Stanley

 

 

 

 

1.512% due 07/20/2027 •

 

186

 

171

1.928% due 04/28/2032 •

 

2,129

 

1,843

2.630% due 02/18/2026 •

 

488

 

479

3.217% due 04/22/2042 •

 

258

 

238

3.622% due 04/01/2031 •

 

640

 

638

3.875% due 01/27/2026

 

926

 

944

4.350% due 09/08/2026

 

607

 

626

Morgan Stanley Domestic Holdings, Inc.
4.500% due 06/20/2028

 

2,618

 

2,720

Nasdaq, Inc.
3.950% due 03/07/2052

 

100

 

97

National Australia Bank Ltd.
2.990% due 05/21/2031

 

100

 

91

Nationwide Building Society
3.960% due 07/18/2030 •

 

1,905

 

1,902

Nationwide Mutual Insurance Co.
4.350% due 04/30/2050

 

459

 

459

Natwest Group PLC

 

 

 

 

2.359% due 05/22/2024 •

 

2,618

 

2,598

4.892% due 05/18/2029 •

 

1,673

 

1,742

5.076% due 01/27/2030 •

 

1,336

 

1,425

5.125% due 05/28/2024

 

1,703

 

1,756

New York Life Global Funding
2.350% due 07/14/2026

 

100

 

97

New York Life Insurance Co.

 

 

 

 

3.750% due 05/15/2050

 

135

 

131

4.450% due 05/15/2069

 

208

 

217

6.750% due 11/15/2039

 

874

 

1,161

Nippon Life Insurance Co.

 

 

 

 

2.900% due 09/16/2051 •

 

604

 

548

3.400% due 01/23/2050 •

 

1,145

 

1,086

4.700% due 01/20/2046 •

 

460

 

471

5.100% due 10/16/2044 •

 

303

 

312

Nissan Motor Acceptance Co. LLC

 

 

 

 

1.125% due 09/16/2024

 

100

 

94

1.850% due 09/16/2026

 

1,104

 

990

2.000% due 03/09/2026

 

145

 

133

2.450% due 09/15/2028

 

100

 

88

Nomura Holdings, Inc.

 

 

 

 

2.329% due 01/22/2027

 

730

 

684

2.648% due 01/16/2025

 

3,999

 

3,894

NTT Finance Corp.
1.162% due 04/03/2026

 

120

 

111

Nuveen Finance LLC
4.125% due 11/01/2024

 

1,574

 

1,605

Oversea-Chinese Banking Corp. Ltd.
1.832% due 09/10/2030 •(d)

 

318

 

300

Owl Rock Capital Corp.

 

 

 

 

2.875% due 06/11/2028

 

174

 

152

3.400% due 07/15/2026

 

126

 

119

4.250% due 01/15/2026

 

10

 

10

Pacific Life Global Funding II
1.600% due 09/21/2028

 

437

 

388

PNC Bank NA
3.800% due 07/25/2023

 

1,625

 

1,652

Principal Life Global Funding

 

 

 

 

1.375% due 01/10/2025

 

1,804

 

1,719

3.000% due 04/18/2026

 

873

 

866

Progressive Corp.

 

 

 

 

3.000% due 03/15/2032

 

197

 

192

3.700% due 03/15/2052

 

100

 

101

Protective Life Global Funding

 

 

 

 

1.303% due 09/20/2026

 

857

 

784

1.646% due 01/13/2025

 

895

 

858

Prudential Financial, Inc.

 

 

 

 

3.000% due 03/10/2040

 

208

 

188

3.700% due 03/13/2051

 

135

 

133

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Prudential PLC

 

 

 

 

3.125% due 04/14/2030

 

272

 

264

3.625% due 03/24/2032

 

1,000

 

989

Realty Income Corp.

 

 

 

 

3.250% due 01/15/2031

 

135

 

133

3.400% due 01/15/2028

 

186

 

186

Regency Centers LP
2.950% due 09/15/2029

 

1,210

 

1,154

Reinsurance Group of America, Inc.
3.950% due 09/15/2026

 

1,033

 

1,057

Reliance Standard Life Global Funding
1.512% due 09/28/2026

 

179

 

165

Rexford Industrial Realty LP
2.150% due 09/01/2031

 

719

 

625

Sabra Health Care LP
3.200% due 12/01/2031

 

337

 

301

Santander Holdings USA, Inc.

 

 

 

 

2.490% due 01/06/2028 •

 

272

 

254

4.500% due 07/17/2025

 

3,374

 

3,452

Santander U.K. Group Holdings PLC
1.673% due 06/14/2027 •

 

145

 

132

Service Properties Trust
5.000% due 08/15/2022

 

267

 

266

SMBC Aviation Capital Finance DAC
1.900% due 10/15/2026

 

873

 

781

Societe Generale SA

 

 

 

 

1.488% due 12/14/2026 •

 

1,947

 

1,763

1.792% due 06/09/2027 •

 

105

 

95

2.226% due 01/21/2026 •

 

895

 

851

2.797% due 01/19/2028 •

 

895

 

839

3.337% due 01/21/2033 •

 

895

 

824

4.250% due 04/14/2025

 

330

 

328

Spirit Realty LP

 

 

 

 

3.400% due 01/15/2030

 

1,033

 

1,000

4.450% due 09/15/2026

 

867

 

895

Standard Chartered PLC

 

 

 

 

2.819% due 01/30/2026 •

 

1,703

 

1,657

4.644% due 04/01/2031 •

 

65

 

67

Stellantis Finance U.S., Inc.
1.711% due 01/29/2027

 

144

 

132

Sumitomo Life Insurance Co.
6.500% due 09/20/2073 •

 

208

 

217

Sumitomo Mitsui Financial Group, Inc.

 

 

 

 

1.402% due 09/17/2026

 

857

 

783

1.902% due 09/17/2028

 

857

 

769

2.174% due 01/14/2027

 

895

 

847

2.222% due 09/17/2031

 

882

 

781

2.472% due 01/14/2029

 

544

 

506

2.750% due 01/15/2030

 

2,487

 

2,336

SVB Financial Group
1.800% due 02/02/2031

 

1

 

1

Svenska Handelsbanken AB
1.418% due 06/11/2027 •

 

149

 

137

Synchrony Financial

 

 

 

 

2.875% due 10/28/2031

 

346

 

307

5.150% due 03/19/2029

 

132

 

139

Truist Financial Corp.

 

 

 

 

1.125% due 08/03/2027

 

15

 

14

2.200% due 03/16/2023

 

250

 

251

UBS Group AG
4.125% due 09/24/2025

 

1,263

 

1,288

UDR, Inc.

 

 

 

 

2.100% due 08/01/2032

 

687

 

593

3.000% due 08/15/2031

 

100

 

95

UniCredit SpA

 

 

 

 

1.982% due 06/03/2027 •

 

148

 

134

3.127% due 06/03/2032 •

 

145

 

128

Visa, Inc.

 

 

 

 

1.900% due 04/15/2027

 

169

 

163

2.700% due 04/15/2040

 

186

 

170

4.300% due 12/14/2045

 

1,894

 

2,132

WEA Finance LLC
3.750% due 09/17/2024

 

1,610

 

1,608

Wells Fargo & Co.

 

 

 

 

3.526% due 03/24/2028 •

 

600

 

599

3.900% due 05/01/2045

 

545

 

547

4.125% due 08/15/2023

 

75

 

77

4.150% due 01/24/2029

 

927

 

963

4.400% due 06/14/2046

 

167

 

174

5.013% due 04/04/2051 •

 

1,847

 

2,202

Welltower, Inc.
4.250% due 04/15/2028

 

1,481

 

1,538

Westpac Banking Corp.

 

 

 

 

2.850% due 05/13/2026

 

1,241

 

1,233

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

2.894% due 02/04/2030 •

 

10

 

10

2.963% due 11/16/2040

 

161

 

136

 

 

 

 

238,064

INDUSTRIALS 43.5%

 

 

 

 

7-Eleven, Inc.

 

 

 

 

0.625% due 02/10/2023

 

247

 

243

0.800% due 02/10/2024

 

10

 

10

0.950% due 02/10/2026

 

470

 

428

1.300% due 02/10/2028

 

20

 

18

Abbott Laboratories
1.400% due 06/30/2030

 

202

 

181

AbbVie, Inc.

 

 

 

 

2.950% due 11/21/2026

 

460

 

456

3.200% due 05/14/2026

 

25

 

25

3.850% due 06/15/2024

 

208

 

212

4.050% due 11/21/2039

 

188

 

194

4.550% due 03/15/2035

 

159

 

171

Activision Blizzard, Inc.

 

 

 

 

1.350% due 09/15/2030

 

10

 

9

2.500% due 09/15/2050

 

295

 

243

3.400% due 09/15/2026

 

1,569

 

1,599

Aetna, Inc.
3.875% due 08/15/2047

 

841

 

823

Agilent Technologies, Inc.
2.300% due 03/12/2031

 

10

 

9

Alcon Finance Corp.
2.600% due 05/27/2030

 

470

 

433

Alibaba Group Holding Ltd.

 

 

 

 

2.800% due 06/06/2023

 

218

 

217

3.400% due 12/06/2027

 

1,475

 

1,449

3.600% due 11/28/2024

 

1,728

 

1,736

Alphabet, Inc.

 

 

 

 

0.450% due 08/15/2025

 

486

 

454

2.050% due 08/15/2050

 

155

 

123

Amazon.com, Inc.

 

 

 

 

2.100% due 05/12/2031

 

315

 

293

2.700% due 06/03/2060

 

355

 

294

3.100% due 05/12/2051

 

143

 

135

3.250% due 05/12/2061

 

146

 

137

3.875% due 08/22/2037

 

2,236

 

2,372

Amcor Flexibles North America, Inc.
2.690% due 05/25/2031

 

40

 

37

America Movil SAB de CV
4.375% due 04/22/2049

 

202

 

216

Amgen, Inc.

 

 

 

 

3.000% due 02/22/2029

 

100

 

98

3.150% due 02/21/2040

 

1,538

 

1,410

3.200% due 11/02/2027

 

565

 

569

3.625% due 05/22/2024

 

2,348

 

2,393

4.200% due 02/22/2052

 

100

 

104

4.400% due 05/01/2045

 

470

 

495

4.400% due 02/22/2062

 

197

 

204

4.663% due 06/15/2051

 

248

 

274

4.950% due 10/01/2041

 

575

 

643

Amphenol Corp.
2.800% due 02/15/2030

 

182

 

173

AngloGold Ashanti Holdings PLC
3.750% due 10/01/2030

 

873

 

818

Anheuser-Busch Cos. LLC

 

 

 

 

4.700% due 02/01/2036

 

258

 

277

4.900% due 02/01/2046

 

2,748

 

3,061

Anheuser-Busch InBev Worldwide, Inc.

 

 

 

 

4.500% due 06/01/2050

 

208

 

223

5.450% due 01/23/2039

 

208

 

244

5.550% due 01/23/2049

 

969

 

1,186

5.800% due 01/23/2059

 

208

 

264

Anthem, Inc.

 

 

 

 

2.250% due 05/15/2030

 

493

 

453

2.550% due 03/15/2031

 

50

 

47

3.125% due 05/15/2050

 

186

 

165

3.500% due 08/15/2024

 

1,349

 

1,370

3.650% due 12/01/2027

 

797

 

814

3.700% due 09/15/2049

 

10

 

10

4.550% due 03/01/2048

 

203

 

225

Apache Corp.
5.100% due 09/01/2040

 

77

 

78

Apple, Inc.

 

 

 

 

1.200% due 02/08/2028

 

10

 

9

1.650% due 05/11/2030

 

1,203

 

1,092

2.200% due 09/11/2029

 

10

 

10

2.375% due 02/08/2041

 

120

 

105

2.800% due 02/08/2061

 

10

 

9

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

2.850% due 08/05/2061

 

186

 

161

3.250% due 02/23/2026

 

3,002

 

3,060

3.450% due 05/06/2024

 

223

 

228

3.850% due 08/04/2046

 

388

 

411

4.650% due 02/23/2046

 

1,058

 

1,256

Astrazeneca Finance LLC
2.250% due 05/28/2031

 

10

 

9

AstraZeneca PLC

 

 

 

 

1.375% due 08/06/2030

 

182

 

159

4.000% due 01/17/2029

 

1,140

 

1,202

6.450% due 09/15/2037

 

2,081

 

2,773

Automatic Data Processing, Inc.
1.250% due 09/01/2030

 

315

 

274

Bacardi Ltd.
2.750% due 07/15/2026

 

100

 

97

BAE Systems PLC

 

 

 

 

1.900% due 02/15/2031

 

202

 

176

3.400% due 04/15/2030

 

474

 

468

Baidu, Inc.
3.625% due 07/06/2027

 

1,228

 

1,208

Baker Hughes Holdings LLC

 

 

 

 

3.138% due 11/07/2029

 

318

 

311

4.486% due 05/01/2030

 

412

 

441

BAT Capital Corp.

 

 

 

 

3.222% due 08/15/2024

 

764

 

764

4.540% due 08/15/2047

 

1,564

 

1,400

Bayer U.S. Finance LLC

 

 

 

 

4.250% due 12/15/2025

 

2,129

 

2,167

4.375% due 12/15/2028

 

90

 

92

4.875% due 06/25/2048

 

1,812

 

1,955

Berry Global, Inc.
4.875% due 07/15/2026

 

302

 

305

BMW U.S. Capital LLC

 

 

 

 

2.550% due 04/01/2031

 

55

 

51

3.900% due 04/09/2025

 

10

 

10

4.150% due 04/09/2030

 

292

 

307

Boardwalk Pipelines LP
3.400% due 02/15/2031

 

201

 

191

Boeing Co.

 

 

 

 

1.167% due 02/04/2023

 

137

 

136

2.196% due 02/04/2026

 

946

 

895

2.750% due 02/01/2026

 

10

 

10

2.950% due 02/01/2030

 

196

 

182

3.100% due 05/01/2026

 

10

 

10

3.200% due 03/01/2029

 

139

 

133

3.625% due 02/01/2031

 

2,129

 

2,076

3.750% due 02/01/2050

 

2,401

 

2,145

3.900% due 05/01/2049

 

264

 

239

5.040% due 05/01/2027

 

10

 

11

5.150% due 05/01/2030

 

21

 

22

5.705% due 05/01/2040

 

373

 

418

Booking Holdings, Inc.
4.625% due 04/13/2030

 

10

 

11

BorgWarner, Inc.
3.375% due 03/15/2025

 

132

 

133

Boston Scientific Corp.

 

 

 

 

1.900% due 06/01/2025

 

10

 

10

2.650% due 06/01/2030

 

145

 

136

4.550% due 03/01/2039

 

431

 

467

BP Capital Markets America, Inc.

 

 

 

 

1.749% due 08/10/2030

 

50

 

44

3.017% due 01/16/2027

 

202

 

202

3.379% due 02/08/2061

 

471

 

421

3.633% due 04/06/2030

 

305

 

311

3.937% due 09/21/2028

 

560

 

580

Bristol-Myers Squibb Co.

 

 

 

 

3.200% due 06/15/2026

 

300

 

305

3.400% due 07/26/2029

 

1,016

 

1,035

3.900% due 02/20/2028

 

196

 

204

4.350% due 11/15/2047

 

358

 

394

4.550% due 02/20/2048

 

8

 

9

Broadcom, Inc.

 

 

 

 

1.950% due 02/15/2028

 

258

 

233

2.600% due 02/15/2033

 

202

 

176

3.137% due 11/15/2035

 

352

 

311

3.187% due 11/15/2036

 

1,474

 

1,283

3.419% due 04/15/2033

 

944

 

883

3.469% due 04/15/2034

 

1,461

 

1,356

4.000% due 04/15/2029 (a)

 

300

 

300

4.110% due 09/15/2028

 

335

 

340

4.150% due 04/15/2032 (a)

 

200

 

200

Broadridge Financial Solutions, Inc.
2.900% due 12/01/2029

 

560

 

531

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Campbell Soup Co.

 

 

 

 

2.375% due 04/24/2030

 

493

 

450

4.800% due 03/15/2048

 

1,217

 

1,325

Canadian Natural Resources Ltd.
3.900% due 02/01/2025

 

687

 

697

Canadian Pacific Railway Co.
2.050% due 03/05/2030

 

459

 

421

Carrier Global Corp.

 

 

 

 

2.242% due 02/15/2025

 

2

 

2

2.700% due 02/15/2031

 

10

 

9

2.722% due 02/15/2030

 

186

 

175

3.577% due 04/05/2050

 

305

 

280

Cenovus Energy, Inc.

 

 

 

 

5.375% due 07/15/2025

 

126

 

133

6.750% due 11/15/2039

 

194

 

240

CenterPoint Energy Resources Corp.
1.750% due 10/01/2030

 

152

 

133

CF Industries, Inc.
4.950% due 06/01/2043

 

2,699

 

2,908

CGI, Inc.
1.450% due 09/14/2026

 

1,703

 

1,567

Charter Communications Operating LLC

 

 

 

 

2.250% due 01/15/2029

 

264

 

238

2.300% due 02/01/2032

 

687

 

588

3.950% due 06/30/2062

 

446

 

362

4.500% due 02/01/2024

 

1,941

 

1,987

4.800% due 03/01/2050

 

1,801

 

1,716

4.908% due 07/23/2025

 

3,618

 

3,755

Cheniere Corpus Christi Holdings LLC
3.700% due 11/15/2029

 

132

 

132

Cigna Corp.

 

 

 

 

2.400% due 03/15/2030

 

10

 

9

3.400% due 03/01/2027

 

186

 

188

3.400% due 03/15/2051

 

295

 

267

4.125% due 11/15/2025

 

10

 

10

4.500% due 02/25/2026

 

10

 

10

4.800% due 08/15/2038

 

208

 

228

Citrix Systems, Inc.

 

 

 

 

1.250% due 03/01/2026

 

305

 

297

3.300% due 03/01/2030

 

1,949

 

1,931

4.500% due 12/01/2027

 

1,554

 

1,591

Clorox Co.
3.100% due 10/01/2027

 

687

 

683

Coca-Cola Co.

 

 

 

 

2.125% due 09/06/2029

 

142

 

134

3.450% due 03/25/2030

 

136

 

140

Comcast Corp.

 

 

 

 

1.500% due 02/15/2031

 

10

 

9

1.950% due 01/15/2031

 

10

 

9

2.650% due 02/01/2030

 

10

 

10

2.800% due 01/15/2051

 

295

 

250

2.887% due 11/01/2051

 

498

 

422

2.937% due 11/01/2056

 

150

 

125

3.200% due 07/15/2036

 

491

 

471

Conagra Brands, Inc.

 

 

 

 

4.300% due 05/01/2024

 

1,703

 

1,751

5.300% due 11/01/2038

 

20

 

22

Constellation Brands, Inc.

 

 

 

 

2.875% due 05/01/2030

 

312

 

293

4.100% due 02/15/2048

 

217

 

210

5.250% due 11/15/2048

 

961

 

1,080

Continental Resources, Inc.

 

 

 

 

2.268% due 11/15/2026

 

182

 

170

4.375% due 01/15/2028

 

100

 

102

4.500% due 04/15/2023

 

51

 

52

Corning, Inc.
5.450% due 11/15/2079

 

341

 

379

Corp. Nacional del Cobre de Chile
3.150% due 01/14/2030

 

337

 

325

Cox Communications, Inc.
1.800% due 10/01/2030

 

393

 

338

CRH America Finance, Inc.
3.400% due 05/09/2027

 

298

 

298

CSX Corp.

 

 

 

 

2.400% due 02/15/2030

 

687

 

654

3.800% due 11/01/2046

 

821

 

820

4.250% due 03/15/2029

 

185

 

196

6.220% due 04/30/2040

 

789

 

1,013

CVS Health Corp.

 

 

 

 

1.750% due 08/21/2030

 

10

 

9

3.000% due 08/15/2026

 

20

 

20

3.250% due 08/15/2029

 

737

 

729

3.375% due 08/12/2024

 

1,435

 

1,453

3.625% due 04/01/2027

 

272

 

277

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

3.750% due 04/01/2030

 

193

 

197

4.125% due 04/01/2040

 

186

 

190

5.050% due 03/25/2048

 

1,351

 

1,534

5.125% due 07/20/2045

 

737

 

834

Daimler Finance North America LLC
1.450% due 03/02/2026

 

143

 

133

Dell International LLC

 

 

 

 

4.000% due 07/15/2024

 

10

 

10

4.900% due 10/01/2026

 

100

 

105

5.300% due 10/01/2029

 

75

 

82

5.450% due 06/15/2023

 

785

 

809

8.100% due 07/15/2036

 

758

 

999

8.350% due 07/15/2046

 

175

 

257

Delta Air Lines, Inc.

 

 

 

 

4.375% due 04/19/2028 (g)

 

771

 

741

4.500% due 10/20/2025

 

202

 

203

4.750% due 10/20/2028

 

10

 

10

7.000% due 05/01/2025

 

315

 

338

7.375% due 01/15/2026

 

179

 

195

Deutsche Telekom International Finance BV
3.600% due 01/19/2027

 

1,408

 

1,423

Devon Energy Corp.
4.500% due 01/15/2030

 

618

 

638

DH Europe Finance SARL
2.600% due 11/15/2029

 

305

 

291

Diamondback Energy, Inc.
3.500% due 12/01/2029

 

160

 

159

Discovery Communications LLC
4.650% due 05/15/2050

 

186

 

181

DP World Ltd.
5.625% due 09/25/2048

 

610

 

662

DT Midstream, Inc.
4.300% due 04/15/2032 (a)

 

100

 

100

Eastern Energy Gas Holdings LLC
3.600% due 12/15/2024

 

579

 

585

eBay, Inc.

 

 

 

 

1.400% due 05/10/2026

 

202

 

188

2.600% due 05/10/2031

 

50

 

46

2.700% due 03/11/2030

 

255

 

240

4.000% due 07/15/2042

 

1,419

 

1,400

Electronic Arts, Inc.
1.850% due 02/15/2031

 

687

 

604

Eli Lilly & Co.
2.750% due 06/01/2025

 

1,057

 

1,053

Enbridge, Inc.

 

 

 

 

2.500% due 08/01/2033

 

186

 

166

3.125% due 11/15/2029

 

40

 

39

3.400% due 08/01/2051

 

434

 

386

Energy Transfer LP

 

 

 

 

3.600% due 02/01/2023

 

1,871

 

1,882

4.050% due 03/15/2025

 

100

 

102

4.200% due 09/15/2023

 

687

 

696

4.200% due 04/15/2027

 

454

 

463

4.250% due 03/15/2023

 

972

 

983

4.500% due 04/15/2024

 

10

 

10

4.950% due 05/15/2028

 

2,005

 

2,079

5.250% due 04/15/2029

 

285

 

305

5.300% due 04/15/2047

 

677

 

698

5.500% due 06/01/2027

 

334

 

359

5.875% due 01/15/2024

 

10

 

10

6.250% due 04/15/2049

 

208

 

240

Eni SpA

 

 

 

 

4.000% due 09/12/2023

 

1,465

 

1,486

4.750% due 09/12/2028

 

884

 

924

Entergy Louisiana LLC
4.200% due 09/01/2048

 

1,455

 

1,530

Enterprise Products Operating LLC

 

 

 

 

3.200% due 02/15/2052

 

202

 

171

3.750% due 02/15/2025

 

2,251

 

2,293

4.200% due 01/31/2050

 

441

 

439

4.250% due 02/15/2048

 

10

 

10

Equifax, Inc.
7.000% due 07/01/2037

 

476

 

586

Equinor ASA

 

 

 

 

2.375% due 05/22/2030

 

186

 

176

3.625% due 04/06/2040

 

15

 

15

3.700% due 04/06/2050

 

104

 

106

ERAC USA Finance LLC

 

 

 

 

3.300% due 12/01/2026

 

174

 

173

4.200% due 11/01/2046

 

470

 

473

7.000% due 10/15/2037

 

521

 

682

Expedia Group, Inc.
6.250% due 05/01/2025

 

10

 

11

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Exxon Mobil Corp.
3.176% due 03/15/2024

 

13

 

13

FedEx Corp.
4.550% due 04/01/2046

 

1,005

 

1,055

Fidelity National Information Services, Inc.

 

 

 

 

1.150% due 03/01/2026

 

145

 

133

2.250% due 03/01/2031

 

253

 

224

Fiserv, Inc.

 

 

 

 

2.250% due 06/01/2027

 

10

 

9

2.650% due 06/01/2030

 

141

 

130

3.200% due 07/01/2026

 

186

 

185

3.500% due 07/01/2029

 

192

 

189

Fomento Economico Mexicano SAB de CV

 

 

 

 

2.875% due 05/10/2023

 

1,400

 

1,405

3.500% due 01/16/2050

 

202

 

187

Fortune Brands Home & Security, Inc.

 

 

 

 

4.000% due 03/25/2032

 

200

 

201

4.500% due 03/25/2052

 

100

 

98

Fox Corp.
5.476% due 01/25/2039

 

513

 

582

GATX Corp.
4.700% due 04/01/2029

 

1,197

 

1,271

GE Capital International Funding Co. Unlimited Co.
4.418% due 11/15/2035

 

3,100

 

3,335

General Dynamics Corp.
3.625% due 04/01/2030

 

50

 

52

General Mills, Inc.

 

 

 

 

2.875% due 04/15/2030

 

295

 

284

3.000% due 02/01/2051

 

10

 

9

General Motors Co.

 

 

 

 

5.400% due 04/01/2048

 

1,091

 

1,151

6.600% due 04/01/2036

 

10

 

12

6.800% due 10/01/2027 (e)

 

142

 

160

Gilead Sciences, Inc.
2.800% due 10/01/2050

 

202

 

166

GlaxoSmithKline Capital, Inc.
2.800% due 03/18/2023

 

154

 

155

Glencore Finance Canada Ltd.
4.250% due 10/25/2022

 

2,511

 

2,532

Glencore Funding LLC

 

 

 

 

1.625% due 09/01/2025

 

10

 

9

2.625% due 09/23/2031

 

100

 

90

2.850% due 04/27/2031

 

331

 

303

3.875% due 04/27/2051

 

10

 

9

4.125% due 03/12/2024

 

120

 

122

Global Payments, Inc.

 

 

 

 

2.900% due 05/15/2030

 

233

 

215

4.150% due 08/15/2049

 

208

 

202

Grupo Televisa SAB
5.250% due 05/24/2049

 

202

 

223

Halliburton Co.
5.000% due 11/15/2045

 

605

 

658

Hasbro, Inc.

 

 

 

 

3.550% due 11/19/2026

 

10

 

10

3.900% due 11/19/2029

 

194

 

195

HCA, Inc.

 

 

 

 

3.125% due 03/15/2027

 

197

 

193

3.625% due 03/15/2032

 

197

 

193

4.125% due 06/15/2029

 

1,285

 

1,312

4.625% due 03/15/2052

 

197

 

199

4.750% due 05/01/2023

 

702

 

720

5.000% due 03/15/2024

 

687

 

712

5.250% due 06/15/2049

 

1,679

 

1,846

Hess Corp.
5.800% due 04/01/2047

 

203

 

242

Home Depot, Inc.

 

 

 

 

1.375% due 03/15/2031

 

10

 

9

2.700% due 04/15/2030

 

10

 

10

2.950% due 06/15/2029

 

20

 

20

3.125% due 12/15/2049

 

185

 

170

4.250% due 04/01/2046

 

7

 

8

4.500% due 12/06/2048

 

70

 

79

Humana, Inc.

 

 

 

 

3.125% due 08/15/2029

 

75

 

73

3.700% due 03/23/2029

 

400

 

402

Huntington Ingalls Industries, Inc.
2.043% due 08/16/2028

 

605

 

548

Hyatt Hotels Corp.

 

 

 

 

1.300% due 10/01/2023

 

182

 

177

1.320% (SOFRINDX + 1.050%) due 10/01/2023 ~

 

264

 

265

1.800% due 10/01/2024

 

100

 

96

4.850% due 03/15/2026

 

100

 

103

Hyundai Capital America

 

 

 

 

0.800% due 01/08/2024

 

140

 

134

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

0.875% due 06/14/2024

 

337

 

318

1.000% due 09/17/2024

 

488

 

459

1.250% due 09/18/2023

 

100

 

97

1.500% due 06/15/2026

 

145

 

132

1.650% due 09/17/2026

 

1,104

 

1,008

1.800% due 10/15/2025

 

140

 

131

2.000% due 06/15/2028

 

302

 

268

2.100% due 09/15/2028

 

437

 

386

Illumina, Inc.
2.550% due 03/23/2031

 

687

 

626

Imperial Brands Finance PLC

 

 

 

 

3.125% due 07/26/2024

 

2,275

 

2,256

3.500% due 07/26/2026

 

5,424

 

5,313

Intel Corp.
3.100% due 02/15/2060

 

2,129

 

1,839

International Business Machines Corp.
5.600% due 11/30/2039

 

29

 

35

International Flavors & Fragrances, Inc.
4.450% due 09/26/2028

 

1,336

 

1,389

JDE Peet's NV

 

 

 

 

0.800% due 09/24/2024

 

258

 

242

1.375% due 01/15/2027

 

857

 

771

2.250% due 09/24/2031

 

179

 

156

Keurig Dr Pepper, Inc.

 

 

 

 

3.200% due 05/01/2030

 

135

 

131

4.417% due 05/25/2025

 

142

 

147

4.597% due 05/25/2028

 

943

 

996

4.985% due 05/25/2038

 

208

 

228

Kinder Morgan Energy Partners LP
3.950% due 09/01/2022

 

1,445

 

1,450

Kinder Morgan, Inc.
5.550% due 06/01/2045

 

1,337

 

1,499

KLA Corp.
4.650% due 11/01/2024

 

2,399

 

2,487

L3Harris Technologies, Inc.

 

 

 

 

3.850% due 12/15/2026

 

258

 

263

4.400% due 06/15/2028

 

15

 

16

Las Vegas Sands Corp.
3.200% due 08/08/2024

 

302

 

289

Leidos, Inc.
4.375% due 05/15/2030

 

982

 

995

Lockheed Martin Corp.
4.090% due 09/15/2052

 

1,433

 

1,582

Lundin Energy Finance BV

 

 

 

 

2.000% due 07/15/2026

 

143

 

133

3.100% due 07/15/2031

 

80

 

74

Magallanes, Inc.

 

 

 

 

5.050% due 03/15/2042

 

300

 

307

5.141% due 03/15/2052

 

400

 

410

5.391% due 03/15/2062

 

200

 

207

Marriott International, Inc.

 

 

 

 

2.750% due 10/15/2033

 

100

 

88

2.850% due 04/15/2031

 

143

 

131

Massachusetts Institute of Technology
3.885% due 07/01/2116

 

208

 

204

McCormick & Co., Inc.
0.900% due 02/15/2026

 

186

 

170

McDonald's Corp.

 

 

 

 

3.500% due 07/01/2027

 

2,129

 

2,168

3.700% due 01/30/2026

 

1,667

 

1,709

4.875% due 12/09/2045

 

2,335

 

2,606

Medtronic, Inc.
4.625% due 03/15/2045

 

173

 

200

Merck & Co., Inc.

 

 

 

 

1.700% due 06/10/2027

 

2,657

 

2,519

2.900% due 12/10/2061

 

536

 

458

3.400% due 03/07/2029

 

338

 

346

Micron Technology, Inc.

 

 

 

 

4.185% due 02/15/2027

 

687

 

706

5.327% due 02/06/2029

 

100

 

108

Microsoft Corp.

 

 

 

 

2.525% due 06/01/2050

 

2,883

 

2,498

2.675% due 06/01/2060

 

302

 

261

Mondelez International Holdings Netherlands BV
1.250% due 09/24/2026

 

857

 

788

Mondelez International, Inc.
1.875% due 10/15/2032

 

85

 

73

Moody's Corp.

 

 

 

 

3.750% due 02/25/2052

 

197

 

195

4.875% due 02/15/2024

 

2,854

 

2,944

Motorola Solutions, Inc.

 

 

 

 

2.300% due 11/15/2030

 

436

 

383

2.750% due 05/24/2031

 

146

 

132

5.500% due 09/01/2044

 

1,286

 

1,422

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

MPLX LP

 

 

 

 

4.125% due 03/01/2027

 

1,656

 

1,696

4.700% due 04/15/2048

 

40

 

40

4.950% due 03/14/2052

 

300

 

313

5.200% due 03/01/2047

 

842

 

905

5.500% due 02/15/2049

 

132

 

147

Netflix, Inc.

 

 

 

 

3.625% due 06/15/2025

 

201

 

202

5.375% due 11/15/2029

 

186

 

202

NIKE, Inc.
3.250% due 03/27/2040

 

164

 

160

Nissan Motor Co. Ltd.

 

 

 

 

3.043% due 09/15/2023

 

193

 

193

3.522% due 09/17/2025

 

135

 

132

Norfolk Southern Corp.

 

 

 

 

2.300% due 05/15/2031

 

258

 

240

4.650% due 01/15/2046

 

873

 

980

Northrop Grumman Corp.
3.850% due 04/15/2045

 

585

 

584

NXP BV

 

 

 

 

2.500% due 05/11/2031

 

146

 

131

3.150% due 05/01/2027

 

135

 

131

4.300% due 06/18/2029

 

142

 

147

ONEOK Partners LP

 

 

 

 

4.900% due 03/15/2025

 

744

 

768

5.000% due 09/15/2023

 

179

 

183

Oracle Corp.

 

 

 

 

2.300% due 03/25/2028 (e)

 

687

 

629

3.950% due 03/25/2051 (e)

 

4,107

 

3,604

4.125% due 05/15/2045

 

2,498

 

2,250

Otis Worldwide Corp.

 

 

 

 

2.056% due 04/05/2025

 

35

 

34

2.565% due 02/15/2030

 

10

 

9

Ovintiv, Inc.
5.150% due 11/15/2041

 

30

 

30

Owens Corning
3.400% due 08/15/2026

 

100

 

100

PayPal Holdings, Inc.

 

 

 

 

2.850% due 10/01/2029

 

138

 

135

3.250% due 06/01/2050

 

585

 

536

Penske Truck Leasing Co. LP

 

 

 

 

1.200% due 11/15/2025

 

302

 

278

1.700% due 06/15/2026

 

2

 

2

3.400% due 11/15/2026

 

132

 

132

PepsiCo, Inc.
2.850% due 02/24/2026

 

133

 

134

Pertamina Persero PT

 

 

 

 

4.300% due 05/20/2023

 

293

 

297

6.000% due 05/03/2042

 

625

 

696

Petroleos Mexicanos
6.700% due 02/16/2032

 

1,198

 

1,139

Pfizer, Inc.
4.400% due 05/15/2044

 

606

 

685

Philip Morris International, Inc.

 

 

 

 

1.750% due 11/01/2030

 

258

 

224

2.750% due 02/25/2026

 

194

 

193

3.375% due 08/11/2025

 

223

 

225

3.600% due 11/15/2023

 

741

 

754

3.875% due 08/21/2042

 

801

 

748

6.375% due 05/16/2038

 

789

 

971

Phillips 66
3.700% due 04/06/2023

 

15

 

15

Phillips 66 Partners LP
4.900% due 10/01/2046

 

712

 

785

Pioneer Natural Resources Co.
1.125% due 01/15/2026

 

145

 

135

Quanta Services, Inc.
2.350% due 01/15/2032

 

1,005

 

874

Ras Laffan Liquefied Natural Gas Co. Ltd.
5.838% due 09/30/2027

 

554

 

592

Raytheon Technologies Corp.
4.800% due 12/15/2043

 

1,225

 

1,373

Regeneron Pharmaceuticals, Inc.
1.750% due 09/15/2030

 

17

 

15

Reliance Industries Ltd.
4.125% due 01/28/2025

 

303

 

307

RELX Capital, Inc.

 

 

 

 

3.000% due 05/22/2030

 

311

 

298

4.000% due 03/18/2029

 

1,531

 

1,572

Renesas Electronics Corp.

 

 

 

 

1.543% due 11/26/2024

 

528

 

503

2.170% due 11/25/2026

 

446

 

416

Republic Services, Inc.
3.375% due 11/15/2027

 

1,204

 

1,210

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Reynolds American, Inc.
4.450% due 06/12/2025

 

2,362

 

2,414

Roche Holdings, Inc.

 

 

 

 

1.930% due 12/13/2028

 

670

 

624

2.076% due 12/13/2031

 

670

 

617

Royalty Pharma PLC
0.750% due 09/02/2023

 

100

 

97

S&P Global, Inc.

 

 

 

 

4.250% due 05/01/2029

 

2,028

 

2,138

4.750% due 08/01/2028

 

897

 

964

Sabine Pass Liquefaction LLC
4.500% due 05/15/2030

 

132

 

138

Sands China Ltd.

 

 

 

 

2.550% due 03/08/2027

 

516

 

451

3.100% due 03/08/2029

 

337

 

288

5.400% due 08/08/2028

 

1,713

 

1,688

Santos Finance Ltd.
3.649% due 04/29/2031

 

302

 

283

Saudi Arabian Oil Co.
4.250% due 04/16/2039

 

879

 

903

Seagate HDD Cayman
4.091% due 06/01/2029

 

1,313

 

1,276

Sealed Air Corp.
1.573% due 10/15/2026

 

804

 

734

Sky Ltd.
3.750% due 09/16/2024

 

214

 

218

Smith & Nephew PLC
2.032% due 10/14/2030

 

105

 

91

Southern Co.

 

 

 

 

3.700% due 04/30/2030

 

4,360

 

4,379

4.400% due 07/01/2046

 

1,295

 

1,327

Southern Copper Corp.
6.750% due 04/16/2040

 

1,475

 

1,886

Southwest Airlines Co.

 

 

 

 

4.750% due 05/04/2023

 

23

 

24

5.125% due 06/15/2027

 

132

 

141

Stanley Black & Decker, Inc.
4.000% due 03/15/2060 •

 

138

 

137

Starbucks Corp.

 

 

 

 

2.000% due 03/12/2027

 

129

 

122

2.550% due 11/15/2030

 

10

 

9

3.000% due 02/14/2032

 

955

 

912

Stellantis NV
5.250% due 04/15/2023

 

687

 

702

Stryker Corp.

 

 

 

 

3.500% due 03/15/2026

 

1,805

 

1,828

4.625% due 03/15/2046

 

649

 

722

Suncor Energy, Inc.
5.950% due 05/15/2035

 

884

 

1,035

T-Mobile USA, Inc.

 

 

 

 

1.500% due 02/15/2026

 

258

 

241

2.250% due 11/15/2031

 

35

 

31

2.400% due 03/15/2029

 

184

 

169

2.700% due 03/15/2032

 

184

 

168

3.000% due 02/15/2041

 

221

 

187

3.400% due 10/15/2052

 

1,005

 

858

3.500% due 04/15/2025

 

110

 

111

3.750% due 04/15/2027

 

2,446

 

2,464

4.375% due 04/15/2040

 

233

 

235

TCI Communications, Inc.
7.875% due 02/15/2026

 

2,618

 

3,058

Teck Resources Ltd.

 

 

 

 

6.000% due 08/15/2040

 

320

 

368

6.125% due 10/01/2035

 

1,465

 

1,734

Telefonica Emisiones SA
7.045% due 06/20/2036

 

1,738

 

2,181

Tencent Holdings Ltd.

 

 

 

 

3.280% due 04/11/2024

 

283

 

282

3.975% due 04/11/2029

 

857

 

856

Thermo Fisher Scientific, Inc.

 

 

 

 

0.797% due 10/18/2023

 

873

 

852

1.215% due 10/18/2024

 

873

 

840

Toyota Industries Corp.
3.566% due 03/16/2028

 

871

 

882

TransCanada PipeLines Ltd.

 

 

 

 

4.100% due 04/15/2030

 

10

 

10

4.625% due 03/01/2034

 

692

 

740

7.625% due 01/15/2039

 

1,043

 

1,460

TWDC Enterprises 18 Corp.
4.125% due 06/01/2044

 

1,017

 

1,070

Tyson Foods, Inc.

 

 

 

 

4.000% due 03/01/2026

 

173

 

177

4.875% due 08/15/2034

 

1,343

 

1,458

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

United Rentals North America, Inc.
3.875% due 11/15/2027

 

302

 

300

UnitedHealth Group, Inc.

 

 

 

 

2.000% due 05/15/2030

 

34

 

31

2.900% due 05/15/2050

 

146

 

130

3.050% due 05/15/2041

 

142

 

133

3.700% due 08/15/2049

 

166

 

169

4.750% due 07/15/2045

 

2,009

 

2,341

6.875% due 02/15/2038

 

570

 

796

Vale Overseas Ltd.

 

 

 

 

3.750% due 07/08/2030

 

318

 

307

6.875% due 11/21/2036

 

1,759

 

2,125

Valero Energy Corp.

 

 

 

 

4.000% due 04/01/2029

 

147

 

150

4.350% due 06/01/2028

 

1,574

 

1,637

Verisk Analytics, Inc.
4.125% due 03/15/2029

 

164

 

169

VMware, Inc.

 

 

 

 

1.800% due 08/15/2028

 

35

 

31

4.500% due 05/15/2025

 

10

 

10

Volkswagen Group of America Finance LLC

 

 

 

 

1.250% due 11/24/2025

 

335

 

309

3.125% due 05/12/2023

 

100

 

101

Walt Disney Co.

 

 

 

 

3.500% due 05/13/2040

 

15

 

15

4.950% due 10/15/2045

 

1,291

 

1,496

6.400% due 12/15/2035

 

77

 

99

Waste Connections, Inc.

 

 

 

 

2.600% due 02/01/2030

 

302

 

284

2.950% due 01/15/2052

 

869

 

743

Weir Group PLC
2.200% due 05/13/2026

 

1,703

 

1,593

Western Digital Corp.
2.850% due 02/01/2029

 

100

 

92

Westinghouse Air Brake Technologies Corp.

 

 

 

 

3.450% due 11/15/2026

 

1,703

 

1,670

4.950% due 09/15/2028

 

2,753

 

2,903

Whirlpool Corp.
3.700% due 03/01/2023

 

179

 

181

Williams Cos., Inc.
5.400% due 03/04/2044

 

929

 

1,025

Woodside Finance Ltd.
3.700% due 09/15/2026

 

650

 

652

Workday, Inc.

 

 

 

 

3.500% due 04/01/2027 (a)

 

1,000

 

1,000

3.700% due 04/01/2029 (a)

 

1,000

 

1,003

3.800% due 04/01/2032 (a)

 

300

 

300

Wyeth LLC
5.950% due 04/01/2037

 

1,827

 

2,331

Yara International ASA
4.750% due 06/01/2028

 

1,353

 

1,399

Zoetis, Inc.

 

 

 

 

2.000% due 05/15/2030

 

1,136

 

1,020

3.000% due 05/15/2050

 

811

 

721

3.900% due 08/20/2028

 

565

 

581

4.700% due 02/01/2043

 

969

 

1,084

 

 

 

 

305,160

UTILITIES 13.0%

 

 

 

 

Acwa Power Management & Investments One Ltd.
5.950% due 12/15/2039

 

724

 

773

AEP Texas, Inc.
3.450% due 01/15/2050

 

625

 

557

Ameren Corp.
3.500% due 01/15/2031

 

628

 

620

American Electric Power Co., Inc.
2.300% due 03/01/2030

 

100

 

91

American Water Capital Corp.
2.800% due 05/01/2030

 

334

 

320

Appalachian Power Co.
7.000% due 04/01/2038

 

444

 

574

AT&T, Inc.

 

 

 

 

3.500% due 09/15/2053

 

2,156

 

1,900

3.650% due 09/15/2059

 

878

 

773

4.100% due 02/15/2028

 

1,139

 

1,185

4.125% due 02/17/2026

 

1,350

 

1,405

4.300% due 02/15/2030

 

2,471

 

2,614

4.350% due 03/01/2029

 

223

 

236

4.450% due 04/01/2024

 

607

 

625

4.500% due 03/09/2048

 

957

 

1,008

4.800% due 06/15/2044

 

854

 

911

Atmos Energy Corp.
4.150% due 01/15/2043

 

1,141

 

1,159

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Avangrid, Inc.
3.800% due 06/01/2029

 

305

 

310

Bell Telephone Co. of Canada
3.650% due 03/17/2051

 

490

 

469

Berkshire Hathaway Energy Co.

 

 

 

 

1.650% due 05/15/2031

 

322

 

281

3.700% due 07/15/2030

 

5

 

5

4.050% due 04/15/2025

 

439

 

453

6.125% due 04/01/2036

 

1,734

 

2,142

BG Energy Capital PLC
5.125% due 10/15/2041

 

110

 

128

Black Hills Corp.

 

 

 

 

3.150% due 01/15/2027

 

208

 

204

4.200% due 09/15/2046

 

100

 

100

British Telecommunications PLC
5.125% due 12/04/2028

 

411

 

431

CenterPoint Energy, Inc.
1.450% due 06/01/2026

 

312

 

290

CMS Energy Corp.
4.750% due 06/01/2050 •

 

318

 

316

Commonwealth Edison Co.
4.000% due 03/01/2048

 

471

 

502

Consolidated Edison Co. of New York, Inc.

 

 

 

 

3.000% due 12/01/2060

 

486

 

395

3.600% due 06/15/2061

 

302

 

279

3.850% due 06/15/2046

 

997

 

969

Constellation Energy Generation LLC
5.600% due 06/15/2042

 

801

 

855

Consumers Energy Co.
3.125% due 08/31/2024

 

1,526

 

1,526

Dominion Energy, Inc.

 

 

 

 

1.450% due 04/15/2026

 

143

 

133

2.450% due 01/15/2023

 

314

 

314

3.071% due 08/15/2024 þ

 

394

 

394

3.375% due 04/01/2030

 

10

 

10

DTE Electric Co.
3.650% due 03/15/2024

 

1,554

 

1,582

DTE Energy Co.

 

 

 

 

1.050% due 06/01/2025

 

222

 

208

3.400% due 06/15/2029

 

687

 

674

Duke Energy Carolinas LLC

 

 

 

 

2.550% due 04/15/2031

 

292

 

274

2.850% due 03/15/2032

 

100

 

97

3.550% due 03/15/2052

 

100

 

99

3.950% due 11/15/2028

 

546

 

568

6.000% due 12/01/2028

 

687

 

778

Duke Energy Corp.

 

 

 

 

2.450% due 06/01/2030

 

473

 

436

2.550% due 06/15/2031

 

10

 

9

3.400% due 06/15/2029

 

10

 

10

3.500% due 06/15/2051

 

146

 

134

3.750% due 09/01/2046

 

100

 

95

3.950% due 10/15/2023

 

977

 

990

Duke Energy Florida LLC
2.400% due 12/15/2031

 

186

 

172

Duke Energy Progress LLC

 

 

 

 

3.400% due 04/01/2032

 

100

 

101

3.450% due 03/15/2029

 

10

 

10

4.000% due 04/01/2052

 

100

 

106

E.ON International Finance BV
6.650% due 04/30/2038

 

789

 

981

East Ohio Gas Co.
1.300% due 06/15/2025

 

10

 

9

Edison International
5.750% due 06/15/2027

 

302

 

324

Electricite de France SA
4.875% due 01/22/2044

 

970

 

1,008

Enel Finance International NV

 

 

 

 

1.375% due 07/12/2026

 

145

 

133

6.000% due 10/07/2039

 

1,539

 

1,827

Entergy Corp.

 

 

 

 

0.900% due 09/15/2025

 

10

 

9

1.900% due 06/15/2028

 

10

 

9

2.400% due 06/15/2031

 

75

 

67

Evergy, Inc.

 

 

 

 

2.450% due 09/15/2024

 

229

 

225

2.900% due 09/15/2029

 

73

 

70

Eversource Energy
1.650% due 08/15/2030

 

258

 

223

Exelon Corp.

 

 

 

 

3.950% due 06/15/2025

 

1,073

 

1,095

4.050% due 04/15/2030

 

2,129

 

2,201

4.450% due 04/15/2046

 

347

 

364

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Fells Point Funding Trust
3.046% due 01/31/2027

 

2,865

 

2,751

FirstEnergy Corp.

 

 

 

 

3.350% due 07/15/2022

 

1,091

 

1,092

7.375% due 11/15/2031

 

2,095

 

2,588

Florida Power & Light Co.

 

 

 

 

3.150% due 10/01/2049

 

305

 

286

4.125% due 02/01/2042

 

100

 

106

Indiana Michigan Power Co.
4.250% due 08/15/2048

 

802

 

829

Infraestructura Energetica Nova SAB de CV
4.875% due 01/14/2048

 

407

 

355

Kentucky Utilities Co.
5.125% due 11/01/2040

 

100

 

113

KeySpan Gas East Corp.
2.742% due 08/15/2026

 

630

 

608

LLPL Capital Pte. Ltd.
6.875% due 02/04/2039

 

396

 

397

MidAmerican Energy Co.
4.250% due 07/15/2049

 

541

 

593

National Rural Utilities Cooperative Finance Corp.
4.400% due 11/01/2048

 

208

 

225

New York State Electric & Gas Corp.
2.150% due 10/01/2031

 

100

 

89

NextEra Energy Capital Holdings, Inc.
2.750% due 11/01/2029

 

2,062

 

1,973

NiSource, Inc.
0.950% due 08/15/2025

 

10

 

9

Northern States Power Co.
2.900% due 03/01/2050

 

1

 

0

Oncor Electric Delivery Co. LLC
3.100% due 09/15/2049

 

208

 

191

ONEOK, Inc.

 

 

 

 

3.400% due 09/01/2029

 

992

 

955

4.550% due 07/15/2028

 

912

 

939

5.200% due 07/15/2048

 

2,000

 

2,136

Pacific Gas & Electric Co.

 

 

 

 

2.500% due 02/01/2031

 

20

 

17

3.250% due 06/01/2031

 

2,129

 

1,929

3.300% due 08/01/2040

 

150

 

123

3.450% due 07/01/2025

 

135

 

131

3.750% due 07/01/2028

 

128

 

122

4.550% due 07/01/2030

 

103

 

102

4.950% due 07/01/2050

 

103

 

97

Perusahaan Perseroan Persero PT Perusahaan Listrik Negara
4.000% due 06/30/2050

 

2,446

 

2,180

Piedmont Natural Gas Co., Inc.
3.500% due 06/01/2029

 

687

 

682

Plains All American Pipeline LP

 

 

 

 

3.550% due 12/15/2029

 

136

 

132

4.500% due 12/15/2026

 

740

 

762

5.150% due 06/01/2042

 

682

 

663

Public Service Enterprise Group, Inc.
0.800% due 08/15/2025

 

302

 

279

San Diego Gas & Electric Co.
1.700% due 10/01/2030

 

10

 

9

Sempra Energy

 

 

 

 

3.300% due 04/01/2025

 

1,000

 

1,002

3.700% due 04/01/2029

 

200

 

201

Shell International Finance BV

 

 

 

 

2.875% due 05/10/2026

 

1,781

 

1,786

3.875% due 11/13/2028

 

1,253

 

1,306

Southern California Edison Co.

 

 

 

 

2.850% due 08/01/2029

 

879

 

838

3.650% due 02/01/2050

 

966

 

898

4.125% due 03/01/2048

 

1,331

 

1,315

Southern California Gas Co.

 

 

 

 

3.150% due 09/15/2024

 

1,129

 

1,135

4.125% due 06/01/2048

 

879

 

908

Southern Power Co.
5.150% due 09/15/2041

 

1,124

 

1,197

Southwest Gas Corp.
4.050% due 03/15/2032

 

300

 

300

Southwestern Electric Power Co.
4.100% due 09/15/2028

 

811

 

828

Southwestern Public Service Co.

 

 

 

 

3.150% due 05/01/2050

 

10

 

9

6.000% due 10/01/2036

 

1,014

 

1,222

Union Electric Co.

 

 

 

 

2.625% due 03/15/2051

 

186

 

155

3.900% due 04/01/2052 (a)

 

100

 

104

Verizon Communications, Inc.

 

 

 

 

2.355% due 03/15/2032

 

4,431

 

4,010

2.550% due 03/21/2031

 

2,129

 

1,981

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

4.125% due 03/16/2027

 

2,129

 

2,215

4.125% due 08/15/2046

 

616

 

635

4.400% due 11/01/2034

 

755

 

805

4.812% due 03/15/2039

 

208

 

236

4.862% due 08/21/2046

 

870

 

1,002

Virginia Electric & Power Co.
8.875% due 11/15/2038

 

1,466

 

2,312

Vistra Operations Co. LLC
4.300% due 07/15/2029

 

302

 

292

WEC Energy Group, Inc.
2.200% due 12/15/2028

 

879

 

807

 

 

 

 

91,107

Total Corporate Bonds & Notes (Cost $673,556)

 

 

 

634,331

U.S. TREASURY OBLIGATIONS 3.2%

 

 

 

 

U.S. Treasury Bonds

 

 

 

 

2.375% due 02/15/2042

 

17,477

 

16,862

U.S. Treasury STRIPS (c)

 

 

 

 

0.000% due 05/15/2051

 

4,005

 

1,995

0.000% due 11/15/2051

 

6,738

 

3,309

Total U.S. Treasury Obligations (Cost $23,219)

 

 

 

22,166

SOVEREIGN ISSUES 0.0%

 

 

 

 

Korea Hydro & Nuclear Power Co. Ltd.
3.000% due 09/19/2022

 

218

 

219

Total Sovereign Issues (Cost $218)

 

 

 

219

SHORT-TERM INSTRUMENTS 6.5%

 

 

 

 

REPURCHASE AGREEMENTS (f) 0.2%

 

 

 

1,153

U.S. TREASURY BILLS 3.0%

 

 

 

 

0.175% due 04/12/2022 - 05/26/2022 (b)(c)(i)(k)

 

21,200

 

21,197

U.S. TREASURY CASH MANAGEMENT BILLS 3.3%

 

 

 

 

0.648% due 05/17/2022 - 07/26/2022 (b)(c)(k)

 

23,500

 

23,451

Total Short-Term Instruments (Cost $45,804)

 

 

 

45,801

Total Investments in Securities (Cost $742,797)

 

 

 

702,517

Total Investments 100.1% (Cost $742,797)

 

 

$

702,517

Financial Derivative Instruments (h)(j) (0.3)%(Cost or Premiums, net $529)

 

 

 

(2,263)

Other Assets and Liabilities, net (0.2)%

 

 

 

1,676

Net Assets 100.0%

 

 

$

701,930

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 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)

When-issued security.

(b)

Coupon represents a weighted average yield to maturity.

(c)

Zero coupon security.

(d)

Contingent convertible security.

(e)

RESTRICTED SECURITIES:

Issuer Description

Coupon

Maturity
Date

Acquisition
Date

 

Cost

 

Market
Value

Market Value
as Percentage
of Net Assets

Citigroup, Inc.

2.561

%

05/01/2032

06/21/2021

$

2,155

$

1,924

0.27

%

Citigroup, Inc.

2.572

 

06/03/2031

07/01/2021 - 11/09/2021

 

792

 

710

0.10

 

Citigroup, Inc.

3.057

 

01/25/2033

01/18/2022

 

190

 

178

0.03

 

Deutsche Bank AG

2.129

 

11/24/2026

08/11/2021

 

262

 

239

0.03

 

General Motors Co.

6.800

 

10/01/2027

11/04/2021

 

173

 

160

0.02

 

Oracle Corp.

2.300

 

03/25/2028

09/23/2021

 

707

 

629

0.09

 

Oracle Corp.

3.950

 

03/25/2051

04/09/2021

 

4,256

 

3,604

0.51

 

 

 

 

 

$

8,535

$

7,444

1.05%

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

0.010%

03/31/2022

04/01/2022

$

1,153

U.S. Treasury Notes 0.375% due 09/15/2024

$

(1,176)

$

1,153

$

1,153

Total Repurchase Agreements

 

$

(1,176)

$

1,153

$

1,153

REVERSE REPURCHASE AGREEMENTS:

Counterparty

Borrowing Rate

Settlement Date

Maturity Date

 

Amount
Borrowed

 

Payable for
Reverse
Repurchase
Agreements

SBI

0.200%

03/18/2022

TBD(2)

$

(492)

$

(492)

Total Reverse Repurchase Agreements

 

 

 

 

 

$

(492)

(g)

Securities with an aggregate market value of $576 have been pledged as collateral under the terms of master agreements as of March 31, 2022.

(1)

Includes accrued interest.

(2)

The average amount of borrowings outstanding during the period ended March 31, 2022 was $(782) at a weighted average interest rate of 0.022%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period.

(3)

Open maturity reverse repurchase agreement.

(h)

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 10-Year Ultra Long-Term Bond June Futures

06/2022

 

31

$

4,200

 

$

(234)

$

13

$

0

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

SHORT FUTURES CONTRACTS

 

Variation Margin

Description

 

 

 

Expiration
Month

 

# of
Contracts

 

Notional
Amount

 

 

Unrealized
Appreciation/
(Depreciation)

 

Asset

 

Liability

U.S. Treasury 10-Year Note June Futures

06/2022

 

99

$

(12,165)

 

$

345

$

0

$

(25)

Total Futures Contracts

 

$

111

$

13

$

(25)

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
March 31, 2022
(2)

 

Notional
Amount
(3)

 

Premiums
Paid/
(Received)

 

Unrealized
Appreciation/
(Depreciation)

 

Market
Value
(4)

 

Asset

 

Liability

National Rural Utilities Cooperative Finance Corp.

1.000%

Quarterly

12/20/2026

0.387

%

$

100

$

3

$

0

$

3

$

0

$

0

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-37 5-Year Index

1.000%

Quarterly

12/20/2026

$

6,600

$

148

$

(33)

$

115

$

0

$

(1)

CDX.IG-38 5-Year Index

1.000

Quarterly

06/20/2027

 

27,000

 

386

 

56

 

442

 

0

 

(1)

 

 

 

 

 

$

534

$

23

$

557

$

0

$

(2)

Total Swap Agreements

$

537

$

23

$

560

$

0

$

(2)

(i)

Securities with an aggregate market value of $1,375 and cash of $508 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 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.

(j)

FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER

SWAP AGREEMENTS:

TOTAL RETURN SWAPS ON INTEREST RATE INDICES

 

Swap Agreements, at Value

Counterparty

Pay/Receive(1)

Underlying
Reference

# of Units

Financing Rate

Payment
Frequency

Maturity
Date

 

Notional
Amount

 

Premiums
Paid/(Received)

 

Unrealized
Appreciation/
(Depreciation)

 

Asset

 

Liability

BOA

Receive

iBoxx USD Liquid High Yield Index

N/A

0.928% (3-Month USD-LIBOR plus a specified spread)

Maturity

06/20/2022

$

28,000

$

(8)

$

(2,241)

$

0

$

(2,249)

Total Swap Agreements

$

(8)

$

(2,241)

$

0

$

(2,249)

(k)

Securities with an aggregate market value of $2,327 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2022.

(1)

Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.

FAIR VALUE MEASUREMENTS

Schedule of Investments PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

The following is a summary of the fair valuations according to the inputs used as of March 31, 2022 in valuing the Fund's assets and liabilities:

 

Category and Subcategory

Level 1

Level 2

Level 3

Fair Value
at 03/31/2022

Investments in Securities, at Value

Corporate Bonds & Notes

 

Banking & Finance

$

1,100

$

236,964

$

0

$

238,064

 

 

Industrials

 

500

 

304,660

 

0

 

305,160

 

 

Utilities

 

0

 

91,107

 

0

 

91,107

 

U.S. Treasury Obligations

 

0

 

22,166

 

0

 

22,166

 

Sovereign Issues

 

0

 

219

 

0

 

219

 

Short-Term Instruments

 

Repurchase Agreements

 

0

 

1,153

 

0

 

1,153

 

 

U.S. Treasury Bills

 

0

 

21,197

 

0

 

21,197

 

 

U.S. Treasury Cash Management Bills

 

0

 

23,451

 

0

 

23,451

 

Total Investments

$

1,600

$

700,917

$

0

$

702,517

 

Financial Derivative Instruments - Assets

Exchange-traded or centrally cleared

$

0

$

13

$

0

$

13

 

Financial Derivative Instruments - Liabilities

Exchange-traded or centrally cleared

 

0

 

(27)

 

0

 

(27)

 

Over the counter

 

0

 

(2,249)

 

0

 

(2,249)

 

 

$

0

$

(2,276)

$

0

$

(2,276)

 

Total Financial Derivative Instruments

$

0

$

(2,263)

$

0

$

(2,263)

 

Totals

$

1,600

$

698,654

$

0

$

700,254

 

 

There were no significant transfers into or out of Level 3 during the period ended March 31, 2022.

Schedule of Investments PIMCO Municipal Income Opportunities Active Exchange-Traded Fund

March 31, 2022

(Unaudited)

 

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

 

 

PRINCIPAL
AMOUNT
(000s)

 

MARKET
VALUE
(000s)

INVESTMENTS IN SECURITIES 97.1% ¤

 

 

 

 

MUNICIPAL BONDS & NOTES 83.0%

 

 

 

 

ALABAMA 6.2%

 

 

 

 

Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2022
4.000% due 04/01/2053

$

1,000

$

1,052

Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2021
4.000% due 12/01/2051

 

1,000

 

1,075

Tuscaloosa County, Alabama Industrial Development Authority Revenue Bonds, Series 2019
5.250% due 05/01/2044

 

300

 

308

 

 

 

 

2,435

ARIZONA 0.9%

 

 

 

 

Arizona Industrial Development Authority Revenue Bonds, Series 2019
4.250% due 01/01/2040

 

480

 

349

CALIFORNIA 3.4%

 

 

 

 

California Municipal Finance Authority Revenue Bonds, Series 2021
4.000% due 11/01/2036

 

250

 

238

CSCDA Community Improvement Authority, California Revenue Bonds, Series 2022
0.000% due 09/01/2062 (c)

 

200

 

121

Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021
3.850% due 06/01/2050

 

1,000

 

964

 

 

 

 

1,323

DISTRICT OF COLUMBIA 3.0%

 

 

 

 

Metropolitan Washington Airports Authority Aviation, District of Columbia Revenue Bonds, Series 2021
5.000% due 10/01/2035

 

1,000

 

1,162

FLORIDA 2.8%

 

 

 

 

Florida Development Finance Corp. Revenue Bonds, Series 2021
4.000% due 11/15/2034

 

1,000

 

1,089

GEORGIA 6.1%

 

 

 

 

Main Street Natural Gas Inc, Georgia Revenue Bonds, Series 2021
4.000% due 07/01/2052

 

1,000

 

1,060

Municipal Electric Authority of Georgia Revenue Bonds, Series 2020
5.000% due 01/01/2035

 

1,115

 

1,302

 

 

 

 

2,362

ILLINOIS 5.9%

 

 

 

 

Cook County, Illinois General Obligation Bonds, Series 2021
5.000% due 11/15/2031

 

1,000

 

1,174

Illinois State General Obligation Bonds, Series 2021
5.000% due 03/01/2034

 

1,000

 

1,121

 

 

 

 

2,295

INDIANA 2.8%

 

 

 

 

Whiting, Indiana Revenue Bonds, Series 2019
5.000% due 12/01/2044

 

1,000

 

1,097

IOWA 2.5%

 

 

 

 

Iowa Tobacco Settlement Authority Revenue Bonds, Series 2021

 

 

 

 

0.000% due 06/01/2065 (a)

 

3,610

 

466

4.000% due 06/01/2049

 

500

 

501

 

 

 

 

967

KENTUCKY 2.7%

 

 

 

 

Kentucky Public Energy Authority Revenue Bonds, Series 2022
4.000% due 08/01/2052

 

1,000

 

1,071

LOUISIANA 2.9%

 

 

 

 

Tangipahoa Parish Hospital Service District No 1, Louisiana Revenue Notes, Series 2021
5.000% due 02/01/2028

 

1,000

 

1,138

 

 

 

Schedule of Investments PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

MARYLAND 3.2%

 

 

 

 

Baltimore County, Maryland General Obligation Bonds, Series 2022
5.000% due 03/01/2035

 

1,000

 

1,234

MICHIGAN 2.7%

 

 

 

 

Michigan Strategic Fund Revenue Bonds, Series 2021
4.000% due 10/01/2061

 

1,000

 

1,047

NEW JERSEY 6.2%

 

 

 

 

New Jersey State General Obligation Bonds, Series 2020
4.000% due 06/01/2032

 

1,000

 

1,095

New Jersey Transportation Trust Fund Authority Revenue Bonds, (NPFGC Insured), Series 2006
0.000% due 12/15/2031 (a)

 

250

 

182

New Jersey Transportation Trust Fund Authority Revenue Notes, Series 2022
5.000% due 06/15/2031

 

1,000

 

1,153

 

 

 

 

2,430

NEW YORK 6.8%

 

 

 

 

Hudson Yards Infrastructure Corp., New York Revenue Bonds, Series 2021
4.000% due 02/15/2037

 

1,000

 

1,091

Metropolitan Transportation Authority, New York Revenue Bonds, Series 2017
4.000% due 11/15/2032

 

250

 

260

New York City Transitional Finance Authority Future Tax Secured, New York Revenue Bonds, Series 2016
5.000% due 02/01/2030

 

1,000

 

1,098

Suffolk Tobacco Asset Securitization Corp., New York Revenue Bonds, Series 2021
0.000% due 06/01/2066 (a)

 

1,500

 

188

 

 

 

 

2,637

OHIO 4.4%

 

 

 

 

Buckeye Tobacco Settlement Financing Authority, Ohio Revenue Bonds, Series 2020

 

 

 

 

4.000% due 06/01/2048

 

500

 

502

5.000% due 06/01/2055

 

250

 

261

Ohio Air Quality Development Authority Revenue Bonds, Series 2009
1.375% due 02/01/2026

 

1,000

 

959

 

 

 

 

1,722

PENNSYLVANIA 4.0%

 

 

 

 

Lehigh County, Pennsylvania Revenue Bonds, Series 2019
1.610% due 08/15/2038 ~(d)

 

1,000

 

1,033

Montgomery County, Pennsylvania Higher Education and Health Authority Revenue Bonds, Series 2022
4.000% due 05/01/2038

 

500

 

532

 

 

 

 

1,565

PUERTO RICO 5.6%

 

 

 

 

Commonwealth of Puerto Rico Bonds, Series 2022

 

 

 

 

0.000% due 11/01/2043

 

188

 

101

1.000% due 11/01/2051

 

431

 

208

Commonwealth of Puerto Rico General Obligation Bonds, Series 2021

 

 

 

 

0.000% due 07/01/2033 (a)

 

44

 

26

4.000% due 07/01/2033

 

35

 

34

4.000% due 07/01/2035

 

31

 

30

4.000% due 07/01/2037

 

27

 

26

4.000% due 07/01/2041

 

36

 

34

4.000% due 07/01/2046

 

38

 

36

5.750% due 07/01/2031

 

36

 

42

Commonwealth of Puerto Rico General Obligation Notes, Series 2021

 

 

 

 

0.000% due 07/01/2024 (a)

 

18

 

16

5.250% due 07/01/2023

 

39

 

39

5.375% due 07/01/2025

 

38

 

41

5.625% due 07/01/2027

 

38

 

42

5.625% due 07/01/2029

 

38

 

42

GDB Debt Recovery Authority of Puerto Rico Revenue Bonds, Series 2018
7.500% due 08/20/2040

 

258

 

242

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2018
0.000% due 07/01/2046 (a)

 

4,000

 

1,227

 

 

 

 

2,186

TEXAS 1.4%

 

 

 

 

New Hope Cultural Education Facilities Finance Corp., Texas Revenue Bonds, Series 2021
5.500% due 01/01/2057

 

100

 

90

Schedule of Investments PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Port of Beaumont Industrial Development Authority, Texas Revenue Notes, Series 2021
4.100% due 01/01/2028

 

500

 

455

 

 

 

 

545

WASHINGTON 6.0%

 

 

 

 

Washington Health Care Facilities Authority Revenue Bonds, Series 2019
5.000% due 08/01/2044

 

1,100

 

1,233

Washington Health Care Facilities Authority Revenue Bonds, Series 2021
4.000% due 10/01/2042

 

1,000

 

1,108

 

 

 

 

2,341

WISCONSIN 3.5%

 

 

 

 

Public Finance Authority, Wisconsin Revenue Bonds, Series 2021

 

 

 

 

4.000% due 10/01/2041

 

1,000

 

1,107

4.000% due 09/30/2051

 

250

 

250

 

 

 

 

1,357

Total Municipal Bonds & Notes (Cost $33,670)

 

 

 

32,352

SHORT-TERM INSTRUMENTS 14.1%

 

 

 

 

U.S. TREASURY BILLS 0.5%

 

 

 

 

0.391% due 06/09/2022 (a)(b)

 

200

 

200

U.S. TREASURY CASH MANAGEMENT BILLS 8.5%

 

 

 

 

0.633% due 07/19/2022 (a)(b)

 

3,300

 

3,293

MUNICIPAL BONDS & NOTES 5.1%

 

 

 

 

Educational Enhancement Funding Corp., South Dakota Revenue Notes, Series 2021
0.586% due 06/01/2022

 

1,000

 

998

Illinois Sales Tax State Revenue Notes, Series 2021
5.000% due 06/15/2022

 

1,000

 

1,007

Total Municipal Bonds & Notes (Cost $2,010)

 

 

 

2,005

Total Short-Term Instruments (Cost $5,504)

 

 

 

5,498

Total Investments in Securities (Cost $39,174)

 

 

 

37,850

Total Investments 97.1% (Cost $39,174)

 

 

$

37,850

Financial Derivative Instruments (e) (0.0)%(Cost or Premiums, net $0)

 

 

 

(7)

Other Assets and Liabilities, net 2.9%

 

 

 

1,120

Net Assets 100.0%

 

 

$

38,963

Schedule of Investments PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (Cont.)

March 31, 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.

(a)

Zero coupon security.

(b)

Coupon represents a yield to maturity.

(c)

Security becomes interest bearing at a future date.

(d)

RESTRICTED SECURITIES:

Issuer Description

Coupon

Maturity
Date

Acquisition
Date

 

Cost

 

Market
Value

Market Value
as Percentage
of Net Assets

Lehigh County, Pennsylvania Revenue Bonds, Series 2019

1.610

%

08/15/2038

09/14/2021

$

1,027

$

1,033

2.65

%

(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 Note June Futures

06/2022

 

55

$

(6,758)

 

$

199

$

0

$

(6)

U.S. Treasury Ultra Long-Term Bond June Futures

06/2022

 

1

 

(177)

 

 

5

 

0

 

(1)

Total Futures Contracts

 

$

204

$

0

$

(7)

FAIR VALUE MEASUREMENTS

The following is a summary of the fair valuations according to the inputs used as of March 31, 2022 in valuing the Fund's assets and liabilities:

 

Category and Subcategory

Level 1

Level 2

Level 3

Fair Value
at 03/31/2022

Investments in Securities, at Value

Municipal Bonds & Notes

 

Alabama

$

0

$

2,435

$

0

$

2,435

 

 

Arizona

 

0

 

349

 

0

 

349

 

 

California

 

0

 

1,323

 

0

 

1,323

 

 

District of Columbia

 

0

 

1,162

 

0

 

1,162

 

 

Florida

 

0

 

1,089

 

0

 

1,089

 

 

Georgia

 

0

 

2,362

 

0

 

2,362

 

 

Illinois

 

0

 

2,295

 

0

 

2,295

 

 

Indiana

 

0

 

1,097

 

0

 

1,097

 

 

Iowa

 

0

 

967

 

0

 

967

 

 

Kentucky

 

0

 

1,071

 

0

 

1,071

 

 

Louisiana

 

0

 

1,138

 

0

 

1,138

 

 

Maryland

 

0

 

1,234

 

0

 

1,234

 

 

Michigan

 

0

 

1,047

 

0

 

1,047

 

 

New Jersey

 

0

 

2,430

 

0

 

2,430

 

 

New York

 

0

 

2,637

 

0

 

2,637

 

 

Ohio

 

0

 

1,722

 

0

 

1,722

 

 

Pennsylvania

 

0

 

1,565

 

0

 

1,565

 

 

Puerto Rico

 

0

 

2,186

 

0

 

2,186

 

 

Texas

 

0

 

545

 

0

 

545

 

 

Washington

 

0

 

2,341

 

0

 

2,341

 

 

Wisconsin

 

0

 

1,357

 

0

 

1,357

 

Short-Term Instruments

 

U.S. Treasury Bills

 

0

 

200

 

0

 

200

 

 

U.S. Treasury Cash Management Bills

 

0

 

3,293

 

0

 

3,293

 

 

Municipal Bonds & Notes

 

0

 

2,005

 

0

 

2,005

 

Total Investments

$

0

$

37,850

$

0

$

37,850

 

Financial Derivative Instruments - Liabilities

Exchange-traded or centrally cleared

$

0

$

(7)

$

0

$

(7)

 

Total Financial Derivative Instruments

$

0

$

(7)

$

0

$

(7)

 

Totals

$

0

$

37,843

$

0

$

37,843

 

Schedule of Investments PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

 

There were no significant transfers into or out of Level 3 during the period ended March 31, 2022.

 

Schedule of Investments PIMCO Short Term Municipal Bond Active Exchange-Traded Fund

March 31, 2022

(Unaudited)

 

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

 

 

PRINCIPAL
AMOUNT
(000s)

 

MARKET
VALUE
(000s)

INVESTMENTS IN SECURITIES 98.7% ¤

 

 

 

 

MUNICIPAL BONDS & NOTES 82.2%

 

 

 

 

ALABAMA 4.2%

 

 

 

 

Birmingham Airport Authority, Alabama Revenue Notes, (BAM Insured), Series 2020
5.000% due 07/01/2023

$

250

$

260

Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2021

 

 

 

 

0.860% due 10/01/2052 ~

 

1,500

 

1,463

4.000% due 10/01/2052

 

6,000

 

6,254

Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2022
4.000% due 12/01/2052

 

1,250

 

1,335

Black Belt Energy Gas District, Alabama Revenue Notes, Series 2021
4.000% due 12/01/2023

 

1,250

 

1,278

Chatom Industrial Development Board, Alabama Revenue Notes, (AGM Insured), Series 2020

 

 

 

 

5.000% due 08/01/2024

 

500

 

532

5.000% due 08/01/2025

 

1,000

 

1,088

Industrial Development Board of the City of Mobile Alabama Revenue Bonds, Series 2007
1.000% due 06/01/2034

 

1,250

 

1,193

Montgomery, Alabama General Obligation Notes, Series 2021
5.000% due 12/01/2028

 

500

 

584

Prattville Industrial Development Board, Alabama Revenue Bonds, Series 2019
2.000% due 11/01/2033

 

450

 

446

Southeast Alabama Gas Supply District Revenue Bonds, Series 2018
4.000% due 06/01/2049

 

2,000

 

2,062

Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2021
4.000% due 11/01/2051

 

5,650

 

5,954

 

 

 

 

22,449

ALASKA 0.1%

 

 

 

 

Northern Tobacco Securitization Corp., Alaska Revenue Notes, Series 2021
4.000% due 06/01/2023

 

550

 

560

ARIZONA 1.4%

 

 

 

 

Arizona Health Facilities Authority Revenue Bonds, Series 2015
0.760% due 01/01/2046 ~

 

1,125

 

1,125

Chandler Industrial Development Authority, Arizona Revenue Bonds, Series 2005
2.400% due 12/01/2035

 

1,000

 

1,005

Industrial Development Authority of the City of Phoenix, Arizona Revenue Notes, Series 2018
5.000% due 07/01/2024

 

200

 

212

Maricopa County, Arizona Special Health Care District General Obligation Notes, Series 2018
5.000% due 07/01/2024

 

350

 

373

Tempe, Arizona Certificates of Participation Notes, Series 2021
0.623% due 07/01/2024

 

1,350

 

1,291

University of Arizona Revenue Notes, Series 2021
5.000% due 06/01/2026

 

2,850

 

3,186

 

 

 

 

7,192

CALIFORNIA 10.4%

 

 

 

 

Bay Area Toll Authority, California Revenue Bonds, Series 2021

 

 

 

 

0.920% due 04/01/2056 ~

 

2,000

 

1,980

0.960% due 04/01/2056 ~

 

1,500

 

1,507

California Community Choice Financing Authority Revenue Bonds, Series 2021
4.000% due 02/01/2052

 

1,250

 

1,353

California County Tobacco Securitization Agency Revenue Notes, Series 2020
5.000% due 06/01/2024

 

500

 

526

California Health Facilities Financing Authority Revenue Bonds, Series 2021
3.000% due 08/15/2054

 

2,250

 

2,314

California Infrastructure & Economic Development Bank Revenue Bonds, Series 2018
0.860% due 08/01/2047 ~

 

4,500

 

4,486

California Infrastructure & Economic Development Bank Revenue Bonds, Series 2021
1.210% due 12/01/2050 ~

 

1,000

 

1,001

California State General Obligation Notes, Series 2020
2.000% due 11/01/2022

 

2,500

 

2,511

California Statewide Communities Development Authority Revenue Bonds, Series 2004
5.000% due 04/01/2038

 

5,000

 

5,892

East Bay Municipal Utility District Water System, California Revenue Bonds, Series 2015
5.000% due 06/01/2032

 

4,000

 

4,356

Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021
0.988% due 06/01/2024

 

2,000

 

1,919

Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2017
5.000% due 06/01/2024

 

2,135

 

2,274

 

 

 

Schedule of Investments PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021

 

 

 

 

1.337% due 06/01/2023

 

1,600

 

1,600

1.850% due 06/01/2031

 

2,000

 

1,988

2.587% due 06/01/2029

 

5,875

 

5,527

Metropolitan Water District of Southern California Revenue Bonds, Series 2017
0.650% due 07/01/2047 ~

 

1,200

 

1,197

Redondo Beach Community Financing Authority, California Revenue Notes, Series 2021
0.415% due 05/01/2023

 

675

 

662

Sacramento City Unified School District, California General Obligation Notes, (AGM Insured), Series 2021
4.000% due 07/01/2023

 

900

 

924

Sacramento County, California Sanitation Districts Financing Authority Revenue Notes, Series 2021
5.000% due 12/01/2022

 

1,125

 

1,153

Sacramento County, California Water Financing Authority Revenue Bonds, (NPFGC Insured), Series 2007
0.900% (US0003M + 0.550%) due 06/01/2034 ~

 

1,250

 

1,192

San Diego Community College District, California General Obligation Bonds, Series 2013
0.000% due 08/01/2041 (c)

 

3,350

 

1,876

San Diego County, California Regional Transportation Commission Revenue Notes, Series 2021
5.000% due 10/01/2022

 

2,000

 

2,039

Silicon Valley Clean Water, California Revenue Notes, Series 2021
0.500% due 03/01/2026

 

2,500

 

2,300

Southern California Public Power Authority Revenue Bonds, Series 2020
0.650% due 07/01/2040

 

1,000

 

927

Tobacco Securitization Authority of Northern California Revenue Notes, Series 2021
4.000% due 06/01/2022

 

1,075

 

1,079

Visalia Unified School District, California General Obligation Bonds, Series 2013
5.000% due 08/01/2043

 

2,380

 

2,484

 

 

 

 

55,067

COLORADO 0.8%

 

 

 

 

Colorado Health Facilities Authority Revenue Notes, Series 2020
2.800% due 12/01/2026

 

450

 

445

E-470 Public Highway Authority, Colorado Revenue Bonds, Series 2021
0.531% due 09/01/2039 ~

 

3,000

 

2,984

Regional Transportation District, Colorado Revenue Notes, Series 2020

 

 

 

 

3.000% due 07/15/2023

 

100

 

101

5.000% due 01/15/2024

 

400

 

419

5.000% due 07/15/2024

 

325

 

342

 

 

 

 

4,291

CONNECTICUT 2.1%

 

 

 

 

Bridgeport, Connecticut General Obligation Notes, Series 2017
5.000% due 08/15/2023

 

500

 

522

Connecticut Special Tax Revenue State Special Tax Notes, Series 2020

 

 

 

 

5.000% due 05/01/2023

 

675

 

699

5.000% due 05/01/2025

 

350

 

380

Connecticut Special Tax State Revenue Notes, Series 2018
5.000% due 10/01/2025

 

1,000

 

1,096

Connecticut Special Tax State Revenue Notes, Series 2021
5.000% due 05/01/2025

 

2,250

 

2,443

Connecticut State General Obligation Bonds, Series 2013
1.460% (MUNIPSA + 0.950%) due 03/01/2024 ~

 

1,020

 

1,030

Connecticut State General Obligation Notes, Series 2014
5.000% due 11/15/2022

 

250

 

256

Connecticut State General Obligation Notes, Series 2015
5.000% due 08/01/2025

 

350

 

382

Connecticut State General Obligation Notes, Series 2020

 

 

 

 

4.000% due 06/01/2023

 

425

 

436

5.000% due 01/15/2025

 

350

 

377

Connecticut State Health & Educational Facilities Authority Revenue Bonds, Series 2014
1.100% due 07/01/2048

 

500

 

498

Connecticut State Health & Educational Facilities Authority Revenue Bonds, Series 2017
5.000% due 07/01/2057

 

2,280

 

2,344

Metropolitan District, Connecticut General Obligation Notes, Series 2018
5.000% due 07/15/2023

 

500

 

521

 

 

 

 

10,984

DELAWARE 0.1%

 

 

 

 

Delaware State Economic Development Authority Revenue Bonds, Series 2020
1.050% due 01/01/2031

 

750

 

717

DISTRICT OF COLUMBIA 0.1%

 

 

 

 

District of Columbia Revenue Notes, Series 2016
5.000% due 04/01/2022

 

500

 

500

FLORIDA 2.0%

 

 

 

 

Central Florida Expressway Authority Revenue Notes, Series 2018
5.000% due 07/01/2023

 

700

 

728

Florida Municipal Power Agency Revenue Notes, Series 2019

 

 

 

 

5.000% due 10/01/2025

 

250

 

275

5.000% due 10/01/2026

 

470

 

527

Schedule of Investments PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Florida State General Obligation Notes, Series 2015
5.000% due 06/01/2022

 

750

 

755

Florida State General Obligation Notes, Series 2022
5.000% due 06/01/2027

 

4,000

 

4,582

JEA Electric System, Florida Revenue Notes, Series 2017
5.000% due 10/01/2024

 

1,030

 

1,106

Lee Memorial Health System, Florida Revenue Bonds, Series 2019
5.000% due 04/01/2033

 

1,000

 

1,090

Miami-Dade County, Florida Water & Sewer System Revenue Notes, Series 2015
5.000% due 10/01/2024

 

710

 

761

Miami-Dade Seaport Department, Florida Revenue Notes, Series 2013
5.000% due 10/01/2023

 

550

 

576

Tampa, Florida Revenue Notes, Series 2020
5.000% due 07/01/2022

 

175

 

177

 

 

 

 

10,577

GEORGIA 1.8%

 

 

 

 

Burke County, Georgia Development Authority Revenue Bonds, Series 2008
2.925% due 11/01/2048

 

500

 

502

Burke County, Georgia Development Authority Revenue Bonds, Series 2012
1.700% due 12/01/2049

 

500

 

488

Burke County, Georgia Development Authority Revenue Bonds, Series 2017
3.000% due 11/01/2045

 

1,000

 

1,010

Main Street Natural Gas Inc, Georgia Revenue Bonds, Series 2018
4.000% due 08/01/2048

 

3,750

 

3,865

Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2018
0.984% (0.67*US0001M + 0.830%) due 08/01/2048 ~

 

500

 

499

Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2019
4.000% due 03/01/2050

 

50

 

52

Main Street Natural Gas, Inc., Georgia Revenue Notes, Series 2019
5.000% due 05/15/2022

 

600

 

602

Main Street Natural Gas, Inc., Georgia Revenue Notes, Series 2021
4.000% due 12/01/2024

 

750

 

778

Municipal Electric Authority of Georgia Revenue Notes, (AGM Insured), Series 2021
5.000% due 01/01/2025

 

625

 

673

Municipal Electric Authority of Georgia Revenue Notes, Series 2020
5.000% due 01/01/2024

 

490

 

515

Municipal Electric Authority of Georgia Revenue Notes, Series 2021

 

 

 

 

5.000% due 01/01/2023

 

240

 

246

5.000% due 01/01/2024

 

360

 

379

 

 

 

 

9,609

ILLINOIS 5.8%

 

 

 

 

Chicago Transit Authority Capital Grant Receipts, Illinois Revenue Notes, Series 2021
5.000% due 06/01/2024

 

600

 

637

Chicago Transit Authority, Illinois Revenue Notes, Series 2020
1.838% due 12/01/2023

 

1,500

 

1,483

Chicago, Illinois General Obligation Notes, Series 2021
5.000% due 01/01/2028

 

3,000

 

3,273

Cook County, Illinois General Obligation Notes, Series 2021
5.000% due 11/15/2024

 

1,750

 

1,876

Illinois Finance Authority Revenue Bonds, Series 2020
0.700% due 05/01/2040

 

1,100

 

1,078

Illinois Finance Authority Revenue Bonds, Series 2021
1.210% due 05/01/2042 ~

 

1,000

 

1,003

Illinois Finance Authority Revenue Notes, Series 2020
5.000% due 08/15/2026

 

250

 

279

Illinois Finance Authority Revenue Notes, Series 2021

 

 

 

 

5.000% due 08/15/2025

 

1,485

 

1,624

5.000% due 08/15/2026

 

1,925

 

2,151

Illinois State General Obligation Bonds, Series 2012
5.000% due 08/01/2023

 

510

 

529

Illinois State General Obligation Notes, Series 2016
5.000% due 06/01/2022

 

750

 

754

Illinois State General Obligation Notes, Series 2017
5.000% due 11/01/2022

 

2,000

 

2,037

Illinois State General Obligation Notes, Series 2020

 

 

 

 

5.000% due 10/01/2025

 

1,700

 

1,839

5.000% due 10/01/2028

 

4,000

 

4,461

5.125% due 05/01/2022

 

750

 

752

Illinois State Revenue Notes, Series 2013
5.000% due 06/15/2023

 

750

 

776

Illinois State Revenue Notes, Series 2016
5.000% due 06/15/2022

 

1,000

 

1,007

Illinois State Toll Highway Authority Revenue Notes, Series 2019

 

 

 

 

5.000% due 01/01/2025

 

500

 

539

5.000% due 01/01/2026

 

375

 

414

Metropolitan Pier & Exposition Authority, Illinois Revenue Bonds, Series 2012
5.000% due 06/15/2052

 

3,000

 

3,023

Metropolitan Pier & Exposition Authority, Illinois Revenue Notes, Series 2022
3.000% due 06/15/2025

 

1,125

 

1,135

Schedule of Investments PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Railsplitter Tobacco Settlement Authority, Illinois Revenue Notes, Series 2017
5.000% due 06/01/2023

 

350

 

362

 

 

 

 

31,032

INDIANA 0.9%

 

 

 

 

Indiana Finance Authority Revenue Notes, Series 2021
0.650% due 08/01/2025

 

4,500

 

4,153

Rockport, Indiana Revenue Bonds, Series 2009
3.050% due 06/01/2025

 

750

 

764

 

 

 

 

4,917

IOWA 0.8%

 

 

 

 

Cedar Rapids, Iowa Revenue Bonds, (AMBAC Insured), Series 2003
0.438% due 08/15/2032

 

975

 

970

Cedar Rapids, Iowa Revenue Bonds, (AMBAC Insured), Series 2005
0.683% due 08/15/2029

 

1,810

 

1,808

Iowa Tobacco Settlement Authority Revenue Notes, Series 2021
0.375% due 06/01/2030

 

855

 

853

PEFA Inc, Iowa Revenue Bonds, Series 2019
5.000% due 09/01/2049

 

650

 

703

 

 

 

 

4,334

KANSAS 0.6%

 

 

 

 

Kansas Department of Transportation State Revenue Bonds, Series 2004
0.661% (0.7*US0001M + 0.500%) due 09/01/2024 ~

 

2,500

 

2,506

Kansas Development Finance Authority Revenue Notes, Series 2021
0.662% due 05/01/2024

 

800

 

768

 

 

 

 

3,274

KENTUCKY 0.7%

 

 

 

 

Kentucky Public Energy Authority Revenue Bonds, Series 2020
4.000% due 12/01/2050

 

500

 

526

Kentucky Public Energy Authority Revenue Bonds, Series 2022
1.381% due 08/01/2052 ~

 

3,000

 

2,963

 

 

 

 

3,489

LOUISIANA 0.6%

 

 

 

 

Louisiana Local Government Environmental Facilities & Community Development Auth Revenue Bonds, Series 2020
0.875% due 02/01/2046

 

1,700

 

1,632

Parish of St John the Baptist, Louisiana Revenue Bonds, Series 2017

 

 

 

 

2.100% due 06/01/2037

 

300

 

296

2.125% due 06/01/2037

 

1,300

 

1,282

 

 

 

 

3,210

MARYLAND 1.3%

 

 

 

 

Anne Arundel County, Maryland General Obligation Notes, Series 2021
5.000% due 04/01/2026

 

3,000

 

3,353

Baltimore County, Maryland General Obligation Notes, Series 2022
5.000% due 03/01/2028

 

1,115

 

1,297

Maryland Department of Transportation State Revenue Bonds, Series 2019
4.000% due 10/01/2032

 

480

 

521

Maryland Health & Higher Educational Facilities Authority Revenue Bonds, Series 2020
5.000% due 07/01/2045

 

1,500

 

1,614

 

 

 

 

6,785

MASSACHUSETTS 2.2%

 

 

 

 

Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue Notes, Series 2013
5.000% due 06/15/2022

 

1,180

 

1,189

Commonwealth of Massachusetts General Obligation Bonds, Series 2014
1.700% due 08/01/2043

 

1,150

 

1,152

Commonwealth of Massachusetts General Obligation Notes, Series 2017
5.000% due 10/01/2022

 

1,220

 

1,243

Massachusetts Development Finance Agency Revenue Bonds, Series 2017
1.010% (MUNIPSA + 0.500%) due 07/01/2038 ~

 

1,000

 

999

Massachusetts Development Finance Agency Revenue Bonds, Series 2019
1.110% due 07/01/2049 ~

 

1,750

 

1,748

Massachusetts Development Finance Agency Revenue Notes, Series 2020
5.000% due 10/01/2022

 

2,400

 

2,445

Massachusetts Development Finance Agency Revenue Notes, Series 2021
0.674% due 07/01/2023

 

500

 

490

Massachusetts School Building Authority Revenue Bonds, Series 2015
5.000% due 01/15/2029

 

750

 

811

Massachusetts State College Building Authority Revenue Notes, Series 2022
5.000% due 05/01/2024

 

500

 

532

Schedule of Investments PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue Bonds, Series 2019
5.000% due 01/01/2039

 

1,000

 

1,024

 

 

 

 

11,633

MICHIGAN 1.9%

 

 

 

 

Detroit, Michigan Sewage Disposal System Revenue Bonds, (AGM Insured), Series 2006
0.744% due 07/01/2032 ~

 

2,000

 

1,976

Grand Traverse County, Michigan Hospital Finance Authority Revenue Notes, Series 2021
5.000% due 07/01/2023

 

425

 

442

Michigan Finance Authority Revenue Bonds, Series 2015
1.200% due 10/15/2030

 

2,000

 

1,811

Michigan Finance Authority Revenue Notes, Series 2020
2.326% due 06/01/2030

 

1,719

 

1,689

Michigan State Building Authority Revenue Bonds, Series 2020
0.580% due 10/15/2042

 

1,000

 

1,000

Michigan State Hospital Finance Authority Revenue Bonds, Series 2010
4.000% due 11/15/2047

 

1,500

 

1,545

University of Michigan Revenue Notes, Series 2020
5.000% due 04/01/2025

 

1,000

 

1,091

Waterford School District, Michigan General Obligation Notes, (Q-SBLF Insured), Series 2021
4.000% due 05/01/2025

 

690

 

730

 

 

 

 

10,284

MINNESOTA 0.4%

 

 

 

 

Minneapolis, Minnesota Revenue Bonds, Series 2018
0.370% due 11/15/2048

 

1,900

 

1,900

MISSISSIPPI 0.7%

 

 

 

 

Lowndes County, Mississippi Revenue Bonds, Series 1992
6.800% due 04/01/2022

 

1,610

 

1,610

Mississippi State General Obligation Bonds, Series 2015
5.000% due 11/01/2032

 

1,000

 

1,105

Warren County, Mississippi Revenue Bonds, Series 2018
2.900% due 09/01/2032

 

750

 

759

 

 

 

 

3,474

MISSOURI 1.0%

 

 

 

 

Health & Educational Facilities Authority of the State of Missouri Revenue Bonds, Series 2021
4.000% due 05/01/2051

 

1,500

 

1,613

Health & Educational Facilities Authority of the State of Missouri Revenue Notes, Series 2021
4.000% due 07/01/2025

 

1,150

 

1,217

Kansas City, Missouri Revenue Notes, Series 2021

 

 

 

 

5.000% due 04/01/2023

 

400

 

413

5.000% due 04/01/2024

 

425

 

450

St Louis County, Missouri Revenue Notes, Series 2021
5.000% due 12/01/2022

 

1,825

 

1,869

 

 

 

 

5,562

MONTANA 0.2%

 

 

 

 

Montana Facility Finance Authority Revenue Bonds, Series 2018
1.060% (MUNIPSA + 0.550%) due 08/15/2037 ~

 

915

 

916

NEBRASKA 0.7%

 

 

 

 

Douglas County, Nebraska Hospital Authority No 2 Revenue Bonds, Series 2020
5.000% due 11/15/2053

 

1,000

 

1,092

Douglas County, Nebraska Revenue Bonds, Series 2021
1.040% due 07/01/2035 ~

 

2,500

 

2,509

 

 

 

 

3,601

NEVADA 0.3%

 

 

 

 

Clark County, Nevada Revenue Bonds, Series 2017
1.650% due 01/01/2036

 

850

 

849

Clark County, Nevada School District General Obligation Notes, (AGM Insured), Series 2020
3.000% due 06/15/2023

 

500

 

508

Washoe County, Nevada Revenue Bonds, Series 2016
1.850% due 03/01/2036

 

500

 

500

 

 

 

 

1,857

NEW HAMPSHIRE 0.7%

 

 

 

 

New Hampshire Business Finance Authority Revenue Notes, Series 2021

 

 

 

 

4.000% due 01/01/2024

 

220

 

226

4.000% due 01/01/2025

 

285

 

295

Schedule of Investments PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

New Hampshire Health and Education Facilities Authority Act Revenue Bonds, Series 2005
0.330% due 07/01/2033

 

3,100

 

3,100

 

 

 

 

3,621

NEW JERSEY 3.8%

 

 

 

 

New Jersey Economic Development Authority Revenue Bonds, (AGM Insured), Series 1997
0.000% due 02/15/2024 (b)

 

3,000

 

2,840

New Jersey Economic Development Authority Revenue Bonds, Series 2013
2.110% due 03/01/2028 ~

 

1,000

 

1,009

New Jersey Economic Development Authority Revenue Notes, Series 2019
5.250% due 09/01/2026

 

2,750

 

3,050

New Jersey Economic Development Authority Revenue Notes, Series 2020
1.000% due 06/01/2023

 

450

 

444

New Jersey Health Care Facilities Financing Authority Revenue Bonds, Series 2019
5.000% due 07/01/2042

 

900

 

984

New Jersey State General Obligation Bonds, Series 2020
4.000% due 06/01/2032

 

2,250

 

2,465

New Jersey State General Obligation Notes, Series 2020

 

 

 

 

5.000% due 06/01/2025

 

500

 

542

5.000% due 06/01/2028

 

2,000

 

2,277

New Jersey Turnpike Authority Revenue Bonds, Series 2017
0.911% due 01/01/2030 ~

 

3,500

 

3,504

New Jersey Turnpike Authority Revenue Notes, Series 2020
5.000% due 01/01/2028

 

1,000

 

1,112

Newark Housing Authority Scholarship Foundation A New Jersey Non Revenue Bonds, (NPFGC Insured), Series 2007
5.250% due 01/01/2025

 

600

 

639

Newark, New Jersey General Obligation Notes, Series 2020
5.000% due 10/01/2022

 

750

 

762

Tobacco Settlement Financing Corp., New Jersey Revenue Notes, Series 2018
5.000% due 06/01/2022

 

750

 

754

 

 

 

 

20,382

NEW MEXICO 0.6%

 

 

 

 

Farmington, New Mexico Revenue Bonds, Series 2010
1.100% due 06/01/2040

 

2,000

 

1,974

New Mexico Municipal Energy Acquisition Authority Revenue Bonds, Series 2019
5.000% due 11/01/2039

 

1,000

 

1,076

 

 

 

 

3,050

NEW YORK 9.8%

 

 

 

 

Buffalo, New York General Obligation Notes, Series 2021
5.000% due 04/01/2025

 

2,215

 

2,406

Long Island Power Authority, New York Revenue Bonds, Series 2021
1.500% due 09/01/2051

 

1,160

 

1,118

Long Island Power Authority, New York Revenue Notes, Series 2019
5.000% due 09/01/2028

 

1,000

 

1,168

Long Island Power Authority, New York Revenue Notes, Series 2020
5.000% due 09/01/2024

 

625

 

671

Metropolitan Transportation Authority, New York Revenue Bonds, (AGM Insured), Series 2002
0.988% due 11/01/2032 ~

 

1,500

 

1,492

Metropolitan Transportation Authority, New York Revenue Bonds, Series 2017
5.000% due 11/15/2028

 

1,280

 

1,432

Metropolitan Transportation Authority, New York Revenue Notes, Series 2019
5.000% due 09/01/2022

 

1,500

 

1,521

Metropolitan Transportation Authority, New York Revenue Notes, Series 2020
5.000% due 02/01/2023

 

650

 

666

Monroe County Industrial Development Corp., New York Revenue Notes, Series 2020
5.000% due 12/01/2022

 

400

 

409

New York City Housing Development Corp. Revenue Bonds, Series 2018
2.750% due 05/01/2050

 

750

 

755

New York City Housing Development Corp. Revenue Bonds, Series 2019
1.750% due 05/01/2059

 

750

 

754

New York City Industrial Development Agency, New York Revenue Notes, (AGM Insured), Series 2020
5.000% due 03/01/2029

 

750

 

859

New York City Transitional Finance Authority Future Tax Secured, New York Revenue Bonds, Series 2002
5.000% due 11/01/2022

 

1,250

 

1,277

New York City Transitional Finance Authority Future Tax Secured, New York Revenue Notes, Series 2021
5.000% due 11/01/2026

 

7,000

 

7,842

New York City Water & Sewer System, New York Revenue Bonds, Series 2014
0.430% due 06/15/2050

 

4,000

 

4,000

New York City, General Obligation Bonds, Series 2012
0.710% due 04/01/2042

 

3,500

 

3,500

New York City, General Obligation Bonds, Series 2015
0.430% due 06/01/2044

 

2,000

 

2,000

New York City, New York Housing Development Corp. Revenue Bonds, (FHA Insured), Series 2021
0.600% due 05/01/2061

 

2,000

 

1,866

New York City, New York Municipal Water Finance Authority Revenue Notes, Series 2022
5.000% due 06/15/2028

 

1,000

 

1,161

New York Power Authority Revenue Bonds, Series 2011
5.000% due 11/15/2022

 

360

 

368

Schedule of Investments PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

New York State Dormitory Authority Revenue Notes, Series 2020
5.000% due 09/15/2022

 

1,400

 

1,424

New York State Energy Research & Development Authority Revenue Bonds, Series 2004
2.625% due 04/01/2034

 

1,045

 

1,051

New York State Urban Development Corp. Revenue Notes, Series 2021
5.000% due 03/15/2024

 

3,750

 

3,975

New York Transportation Development Corp. Revenue Notes, Series 2020
5.000% due 12/01/2023

 

250

 

260

Sales Tax Asset Receivable Corp., New York Revenue Bonds, Series 2014
4.000% due 10/15/2032

 

2,500

 

2,629

Town of Huntington, New York General Obligation Notes, Series 2021
5.000% due 07/15/2023

 

455

 

474

Town of Oyster Bay, New York General Obligation Notes, Series 2021

 

 

 

 

4.000% due 03/01/2023

 

850

 

868

4.000% due 03/01/2024

 

850

 

882

Triborough Bridge & Tunnel Authority, New York Revenue Bonds, Series 2021
2.000% due 05/15/2045

 

5,500

 

5,491

 

 

 

 

52,319

NORTH CAROLINA 1.6%

 

 

 

 

Charlotte-Mecklenburg Hospital Authority, North Carolina Revenue Bonds, Series 2021
5.000% due 01/15/2050

 

1,430

 

1,533

North Carolina Capital Facilities Finance Agency Revenue Notes, Series 2021
0.880% due 10/01/2022

 

950

 

944

North Carolina State Revenue Notes, Series 2019
5.000% due 05/01/2028

 

2,095

 

2,438

North Carolina State Revenue Notes, Series 2021
5.000% due 03/01/2023

 

1,550

 

1,598

University of North Carolina at Chapel Hill Revenue Bonds, Series 2012
0.554% (0.67*US0001M + 0.400%) due 12/01/2041 ~

 

1,000

 

1,000

Wake County, North Carolina General Obligation Notes, Series 2018
5.000% due 03/01/2024

 

1,025

 

1,087

 

 

 

 

8,600

OHIO 0.7%

 

 

 

 

American Municipal Power, Inc., Ohio Revenue Bonds, Series 2021
1.000% due 02/15/2048

 

2,000

 

1,953

Butler County, Ohio Revenue Notes, Series 2017
4.000% due 11/15/2023

 

500

 

516

Northeast Ohio Medical University Revenue Notes, Series 2021
3.000% due 12/01/2023

 

150

 

152

Wright State University, Ohio Revenue Notes, (BAM Insured),Series 2021

 

 

 

 

4.000% due 05/01/2023

 

520

 

533

4.000% due 05/01/2024

 

500

 

520

 

 

 

 

3,674

OKLAHOMA 0.1%

 

 

 

 

University of Oklahoma Revenue Bonds, Series 2015
5.000% due 07/01/2035

 

560

 

606

OREGON 0.2%

 

 

 

 

Oregon State Facilities Authority Revenue Notes, Series 2020
5.000% due 10/01/2026

 

145

 

162

Salem-Keizer School District No 24J, Oregon General Obligation Notes, Series 2020

 

 

 

 

5.000% due 06/15/2025

 

275

 

301

5.000% due 06/15/2026

 

350

 

393

 

 

 

 

856

PENNSYLVANIA 4.8%

 

 

 

 

Bethlehem Area School District Authority, Pennsylvania Revenue Notes, Series 2021
0.538% due 07/01/2031 ~

 

3,800

 

3,773

Commonwealth of Pennsylvania General Obligation Notes, Series 2019
5.000% due 07/15/2024

 

2,500

 

2,673

Commonwealth of Pennsylvania General Obligation Notes, Series 2020
5.000% due 05/01/2022

 

1,300

 

1,304

Lehigh County, Pennsylvania Revenue Bonds, Series 2019
1.610% due 08/15/2038 ~(d)

 

2,500

 

2,583

Lehigh County, Pennsylvania Revenue Notes, Series 2019
5.000% due 07/01/2025

 

530

 

579

Luzerne County, Pennsylvania General Obligation Notes, (AGM Insured), Series 2017
5.000% due 12/15/2022

 

500

 

512

Northampton County, Pennsylvania General Purpose Authority Revenue Bonds, Series 2018
1.201% (0.7*US0001M + 1.040%) due 08/15/2048 ~

 

750

 

752

Pennsylvania Economic Development Financing Authority Revenue Notes, Series 2020

 

 

 

 

3.000% due 01/01/2023

 

750

 

756

3.000% due 01/01/2025

 

1,020

 

1,031

Pennsylvania Economic Development Financing Authority Revenue Notes, Series 2021

 

 

 

 

4.000% due 07/01/2023

 

125

 

128

4.000% due 10/15/2023

 

700

 

723

Schedule of Investments PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

4.000% due 10/15/2024

 

850

 

890

Pennsylvania Turnpike Commission Revenue Notes, Series 2018
1.110% (MUNIPSA + 0.600%) due 12/01/2023 ~

 

1,000

 

1,002

Pennsylvania Turnpike Commission Revenue Notes, Series 2021

 

 

 

 

4.000% due 12/01/2023

 

1,225

 

1,268

4.000% due 12/01/2024

 

725

 

764

Pittsburgh Water & Sewer Authority, Pennsylvania Revenue Bonds, (AGM Insured), Series 2017
1.160% due 09/01/2040 ~

 

2,400

 

2,407

University of Pittsburgh-of the Commonwealth System of Higher Education, Pennsylvania Revenue Notes, Series 2021
4.000% due 04/15/2026

 

3,550

 

3,797

Westmoreland County Industrial Development Authority, Pennsylvania Revenue Notes, Series 2020
4.000% due 07/01/2022

 

600

 

604

 

 

 

 

25,546

PUERTO RICO 0.9%

 

 

 

 

Puerto Rico Housing Finance Authority Revenue Notes, Series 2020
5.000% due 12/01/2027

 

2,000

 

2,259

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Notes, Series 2018

 

 

 

 

0.000% due 07/01/2024 (b)

 

1,000

 

939

0.000% due 07/01/2027 (b)

 

1,843

 

1,579

 

 

 

 

4,777

SOUTH CAROLINA 0.4%

 

 

 

 

Patriots Energy Group Financing Agency, South Carolina Revenue Bonds, Series 2018
1.014% due 10/01/2048 ~

 

1,000

 

1,002

South Carolina Jobs-Economic Development Authority Revenue Bonds, Series 2020
5.000% due 12/01/2048

 

1,250

 

1,372

 

 

 

 

2,374

SOUTH DAKOTA 0.2%

 

 

 

 

Educational Enhancement Funding Corp., South Dakota Revenue Notes, Series 2021
0.706% due 06/01/2023

 

1,000

 

982

TENNESSEE 0.8%

 

 

 

 

Greeneville Health & Educational Facilities Board, Tennessee Revenue Notes, Series 2018
5.000% due 07/01/2023

 

600

 

623

Memphis, Tennessee Water Revenue Notes, Series 2020
4.000% due 12/01/2022

 

400

 

407

Memphis-Shelby County, Tennessee Airport Authority Revenue Notes, Series 2021
5.000% due 07/01/2024

 

2,000

 

2,124

Tennergy Corp., Tennessee Revenue Bonds, Series 2019
5.000% due 02/01/2050

 

500

 

532

Tennessee Energy Acquisition Corp. Revenue Notes, Series 2021

 

 

 

 

5.000% due 11/01/2023

 

250

 

260

5.000% due 11/01/2024

 

250

 

266

 

 

 

 

4,212

TEXAS 7.3%

 

 

 

 

Alvin Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2014
0.450% due 02/15/2036

 

1,000

 

983

Arlington Higher Education Finance Corp., Texas Revenue Notes, (PSF Insured), Series 2021
4.000% due 02/15/2026

 

280

 

299

Canyon Independent School District, Texas General Obligation Notes, (PSF Insured), Series 2019
5.000% due 02/15/2023

 

1,910

 

1,968

Central Texas Regional Mobility Authority Revenue Notes, Series 2020
5.000% due 01/01/2025

 

1,000

 

1,053

Central Texas Regional Mobility Authority Revenue Notes, Series 2021
5.000% due 01/01/2027

 

2,500

 

2,710

El Paso Independent School District, Texas General Obligation Notes, (PSF Insured), Series 2020
5.000% due 08/15/2024

 

400

 

429

Fort Bend Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2019
1.950% due 08/01/2049

 

620

 

621

Garland, Texas Electric Utility System Revenue Notes, Series 2019
5.000% due 03/01/2025

 

500

 

539

Garland, Texas Electric Utility System Revenue Notes, Series 2021
5.000% due 03/01/2024

 

960

 

1,016

Harris County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2019
0.811% due 11/15/2046 ~

 

2,500

 

2,502

Harris County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2020
5.000% due 06/01/2032

 

1,155

 

1,231

Harris County, Texas Cultural Education Facilities Finance Corp. Revenue Notes, Series 2019
5.000% due 12/01/2024

 

350

 

376

Houston Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2014
4.000% due 06/01/2039

 

1,500

 

1,540

Houston, Texas Combined Utility System Revenue Notes, Series 2021
5.000% due 11/15/2024

 

1,250

 

1,347

Lower Colorado River Authority, Texas Revenue Notes, Series 2020
5.000% due 05/15/2022

 

2,055

 

2,064

Schedule of Investments PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

New Caney Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2018
1.250% due 02/15/2050

 

1,500

 

1,470

Northside Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2018
2.750% due 08/01/2048

 

750

 

760

Northside Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2019
1.600% due 08/01/2049

 

740

 

730

Northside Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2022
2.000% due 06/01/2052

 

1,300

 

1,281

Pasadena Texas General Obligation Bonds, (PSF Insured), Series 2015
1.500% due 02/15/2044

 

750

 

741

Richardson Independent School District, Texas General Obligation Notes, (PSF Insured), Series 2021
5.000% due 02/15/2023

 

3,035

 

3,127

San Antonio Municipal Facilities Corp., Texas Revenue Bonds, Series 2021
0.894% due 08/01/2050

 

2,500

 

2,463

San Antonio, Texas Electric & Gas Systems Revenue Bonds, Series 2015
1.125% due 12/01/2045

 

2,500

 

2,353

San Antonio, Texas Electric & Gas Systems Revenue Bonds, Series 2018
2.750% due 02/01/2048

 

500

 

504

San Antonio, Texas Electric & Gas Systems Revenue Bonds, Series 2019
1.750% due 12/01/2045

 

750

 

743

San Antonio, Texas Electric & Gas Systems Revenue Bonds, Series 2022
2.000% due 02/01/2049

 

1,000

 

969

Tarrant County, Texas Cultural Education Facilities Finance Corp. Revenue Notes, Series 2022
5.000% due 10/01/2026

 

225

 

252

Texas Municipal Gas Acquisition & Supply Corp. Revenue Bonds, Series 2006

 

 

 

 

1.253% due 12/15/2026 ~

 

1,385

 

1,383

2.003% due 12/15/2026 ~

 

1,000

 

1,000

Texas Municipal Gas Acquisition & Supply Corp. Revenue Bonds, Series 2008
6.250% due 12/15/2026

 

215

 

236

Texas Municipal Gas Acquisition & Supply Corp. Revenue Notes, Series 2021

 

 

 

 

5.000% due 12/15/2022

 

750

 

764

5.000% due 12/15/2023

 

500

 

519

Texas Water Development Board Revenue Notes, Series 2018
5.000% due 10/15/2024

 

500

 

538

Waco Educational Finance Corp., Texas Revenue Notes, Series 2021
4.000% due 03/01/2025

 

410

 

433

 

 

 

 

38,944

UTAH 0.3%

 

 

 

 

Salt Lake City, Utah Airport Revenue Notes, Series 2021

 

 

 

 

5.000% due 07/01/2024

 

350

 

372

5.000% due 07/01/2025

 

450

 

489

Utah County, Utah Revenue Bonds, Series 2018
5.000% due 05/15/2057

 

500

 

528

 

 

 

 

1,389

VIRGINIA 3.6%

 

 

 

 

Fairfax County, Virginia General Obligation Notes, Series 2020
5.000% due 10/01/2028

 

5,000

 

5,886

Fairfax County, Virginia General Obligation Notes, Series 2021
4.000% due 10/01/2025

 

4,000

 

4,283

Hampton Roads Transportation Accountability Commission, Virginia Revenue Notes, Series 2021
5.000% due 07/01/2026

 

4,000

 

4,466

Virginia Small Business Financing Authority Revenue Bonds, Series 2014
5.250% due 10/01/2029

 

3,000

 

3,224

Wise County, Virginia Industrial Development Authority Revenue Bonds, Series 2010
1.200% due 11/01/2040

 

1,150

 

1,125

 

 

 

 

18,984

WASHINGTON 3.5%

 

 

 

 

Central Puget Sound Regional Transit Authority Sales & Rental Car Taxes, Washington Revenue Bonds, Series 2015
0.710% due 11/01/2045 ~

 

4,500

 

4,542

Central Puget Sound Regional Transit Authority, Washington Revenue Bonds, Series 2015
0.960% (MUNIPSA + 0.450%) due 11/01/2045 ~

 

750

 

752

Port of Seattle, Washington Revenue Notes, Series 2015
5.000% due 03/01/2023

 

1,000

 

1,031

Port of Tacoma, Washington General Obligation Notes, Series 2016
4.000% due 12/01/2022

 

440

 

448

Seattle, Washington Municipal Light & Power Revenue Bonds, Series 2018
1.000% (MUNIPSA + 0.490%) due 11/01/2046 ~

 

675

 

676

Seattle, Washington Municipal Light & Power Revenue Bonds, Series 2021
0.760% due 05/01/2045 ~

 

3,000

 

2,972

University of Washington Revenue Bonds, Series 2022
4.000% due 05/01/2048

 

2,500

 

2,697

Washington Health Care Facilities Authority Revenue Bonds, Series 2017
1.560% (MUNIPSA + 1.050%) due 01/01/2042 ~

 

1,000

 

1,003

Washington Health Care Facilities Authority Revenue Bonds, Series 2019
5.000% due 08/01/2049

 

870

 

913

Washington Higher Education Facilities Authority Revenue Notes, Series 2020
5.000% due 05/01/2023

 

250

 

258

Schedule of Investments PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Washington State General Obligation Notes, Series 2021
5.000% due 06/01/2026

 

3,000

 

3,356

 

 

 

 

18,648

WEST VIRGINIA 0.4%

 

 

 

 

Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2020
3.000% due 06/01/2035

 

990

 

1,001

West Virginia Economic Development Authority Revenue Bonds, Series 2009
2.625% due 12/01/2042

 

1,000

 

1,001

 

 

 

 

2,002

WISCONSIN 1.4%

 

 

 

 

Public Finance Authority, Wisconsin Revenue Notes, Series 2020
5.000% due 06/01/2022

 

625

 

629

Public Finance Authority, Wisconsin Revenue Notes, Series 2021
4.000% due 10/01/2025

 

290

 

307

Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2018
0.690% due 08/15/2054 ~

 

2,500

 

2,500

Wisconsin Health & Educational Facilities Authority Revenue Notes, Series 2018
5.000% due 04/01/2022

 

650

 

650

Wisconsin State General Obligation Notes, Series 2019
5.000% due 05/01/2026

 

3,110

 

3,488

 

 

 

 

7,574

Total Municipal Bonds & Notes (Cost $445,861)

 

 

 

436,754

U.S. TREASURY OBLIGATIONS 0.3%

 

 

 

 

U.S. Treasury Notes

 

 

 

 

1.500% due 01/15/2023

 

600

 

600

1.500% due 11/30/2024

 

1,100

 

1,072

Total U.S. Treasury Obligations (Cost $1,704)

 

 

 

1,672

SHORT-TERM INSTRUMENTS 16.2%

 

 

 

 

REPURCHASE AGREEMENTS (e) 0.4%

 

 

 

2,005

U.S. TREASURY BILLS 3.5%

 

 

 

 

0.299% due 05/03/2022 - 06/02/2022 (a)(b)

 

18,500

 

18,493

U.S. TREASURY CASH MANAGEMENT BILLS 1.7%

 

 

 

 

0.526% due 05/17/2022 - 07/26/2022 (a)(b)

 

8,800

 

8,786

MUNICIPAL BONDS & NOTES 10.6%

 

 

 

 

Arizona Industrial Development Authority Revenue Notes, Series 2021
1.400% due 07/01/2022

 

175

 

174

Bayport-Blue Point Union Free School District, New York General Obligation Notes, Series 2021
1.500% due 06/24/2022

 

4,500

 

4,503

Borough of Edgewater, New Jersey General Obligation Notes, Series 2021
1.250% due 07/15/2022

 

3,468

 

3,468

Chicago Transit Authority Capital Grant Receipts, Illinois Revenue Notes, Series 2021
5.000% due 06/01/2022

 

700

 

704

Connetquot Central School District of Islip, New York General Obligation Notes, Series 2021
1.500% due 06/24/2022

 

4,000

 

4,003

East Ramapo Central School District, New York General Obligation Notes, Series 2021
1.250% due 05/05/2022

 

500

 

500

Educational Enhancement Funding Corp., South Dakota Revenue Notes, Series 2021
0.586% due 06/01/2022

 

1,445

 

1,443

Grand Traverse County, Michigan Hospital Finance Authority Revenue Notes, Series 2021
4.000% due 07/01/2022

 

500

 

504

Hampton Bays Union Free School District, New York General Obligation Notes, Series 2021
1.250% due 06/23/2022

 

5,100

 

5,101

Hempstead Union Free School District, New York General Obligation Notes, Series 2021

 

 

 

 

1.000% due 06/30/2022

 

1,700

 

1,699

1.000% due 07/13/2022

 

1,750

 

1,749

Kansas City, Missouri Revenue Notes, Series 2021
5.000% due 04/01/2022

 

500

 

500

Lindenhurst Union Free School District, New York General Obligation Notes, Series 2021
1.000% due 06/24/2022

 

2,000

 

1,998

Los Angeles, California Revenue Notes, Series 2021
4.000% due 06/23/2022

 

5,000

 

5,034

Massachusetts Development Finance Agency Revenue Notes, Series 2021
0.574% due 07/01/2022

 

550

 

549

Michigan Finance Authority Revenue Notes, Series 2021
3.000% due 07/20/2022

 

4,250

 

4,276

Middletown, New York General Obligation Notes, Series 2021
1.500% due 08/25/2022

 

2,500

 

2,502

Schedule of Investments PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

Newark, New Jersey General Obligation Notes, Series 2021

 

 

 

 

1.250% due 07/25/2022

 

2,000

 

2,000

1.250% due 10/03/2022

 

3,500

 

3,497

Pennsylvania Economic Development Financing Authority Revenue Notes, Series 2021
4.000% due 07/01/2022

 

835

 

839

Plattsburgh City School District, New York General Obligation Notes, Series 2021
1.250% due 07/29/2022

 

2,500

 

2,500

Rondout Valley Central School District Accord, New York General Obligation Notes, Series 2021
1.250% due 06/29/2022

 

3,500

 

3,501

Sacramento City Unified School District, California General Obligation Notes, (AGM Insured), Series 2021
4.000% due 07/01/2022

 

675

 

680

Victor Central School District, New York General Obligation Notes, Series 2021
1.500% due 07/29/2022

 

4,000

 

4,003

Wright State University, Ohio Revenue Notes, Series 2021
4.000% due 05/01/2022

 

705

 

707

Total Municipal Bonds & Notes (Cost $56,596)

 

 

 

56,434

Total Short-Term Instruments (Cost $85,880)

 

 

 

85,718

Total Investments in Securities (Cost $533,445)

 

 

 

524,144

Total Investments 98.7% (Cost $533,445)

 

 

$

524,144

Other Assets and Liabilities, net 1.3%

 

 

 

7,154

Net Assets 100.0%

 

 

$

531,298

Schedule of Investments PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 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.

(a)

Coupon represents a weighted average yield to maturity.

(b)

Zero coupon security.

(c)

Security becomes interest bearing at a future date.

(d)

RESTRICTED SECURITIES:

Issuer Description

Coupon

Maturity
Date

Acquisition
Date

 

Cost

 

Market
Value

Market Value
as Percentage
of Net Assets

Lehigh County, Pennsylvania Revenue Bonds, Series 2019

1.610

%

08/15/2038

09/14/2021

$

2,566

$

2,583

0.49

%

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

0.010%

03/31/2022

04/01/2022

$

2,005

U.S. Treasury Notes 0.375% due 09/15/2024

$

(2,045)

$

2,005

$

2,005

Total Repurchase Agreements

 

$

(2,045)

$

2,005

$

2,005

(1)

Includes accrued interest.

FAIR VALUE MEASUREMENTS

The following is a summary of the fair valuations according to the inputs used as of March 31, 2022 in valuing the Fund's assets and liabilities:

 

Category and Subcategory

Level 1

Level 2

Level 3

Fair Value
at 03/31/2022

Investments in Securities, at Value

Municipal Bonds & Notes

 

Alabama

$

0

$

22,449

$

0

$

22,449

 

 

Alaska

 

0

 

560

 

0

 

560

 

 

Arizona

 

0

 

7,192

 

0

 

7,192

 

 

California

 

0

 

55,067

 

0

 

55,067

 

 

Colorado

 

0

 

4,291

 

0

 

4,291

 

 

Connecticut

 

0

 

10,984

 

0

 

10,984

 

 

Delaware

 

0

 

717

 

0

 

717

 

 

District of Columbia

 

0

 

500

 

0

 

500

 

 

Florida

 

0

 

10,577

 

0

 

10,577

 

 

Georgia

 

0

 

9,609

 

0

 

9,609

 

 

Illinois

 

0

 

31,032

 

0

 

31,032

 

 

Indiana

 

0

 

4,917

 

0

 

4,917

 

 

Iowa

 

0

 

4,334

 

0

 

4,334

 

 

Kansas

 

0

 

3,274

 

0

 

3,274

 

 

Kentucky

 

0

 

3,489

 

0

 

3,489

 

 

Louisiana

 

0

 

3,210

 

0

 

3,210

 

 

Maryland

 

0

 

6,785

 

0

 

6,785

 

 

Massachusetts

 

0

 

11,633

 

0

 

11,633

 

 

Michigan

 

0

 

10,284

 

0

 

10,284

 

 

Minnesota

 

0

 

1,900

 

0

 

1,900

 

 

Mississippi

 

0

 

3,474

 

0

 

3,474

 

 

Missouri

 

0

 

5,562

 

0

 

5,562

 

 

Montana

 

0

 

916

 

0

 

916

 

 

Nebraska

 

0

 

3,601

 

0

 

3,601

 

 

Nevada

 

0

 

1,857

 

0

 

1,857

 

 

New Hampshire

 

0

 

3,621

 

0

 

3,621

 

 

New Jersey

 

0

 

20,382

 

0

 

20,382

 

 

New Mexico

 

0

 

3,050

 

0

 

3,050

 

 

New York

 

0

 

52,319

 

0

 

52,319

 

 

North Carolina

 

0

 

8,600

 

0

 

8,600

 

 

Ohio

 

0

 

3,674

 

0

 

3,674

 

 

Oklahoma

 

0

 

606

 

0

 

606

 

 

Oregon

 

0

 

856

 

0

 

856

 

 

Pennsylvania

 

0

 

25,546

 

0

 

25,546

 

 

Puerto Rico

 

0

 

4,777

 

0

 

4,777

 

Schedule of Investments PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (Cont.)

March 31, 2022

(Unaudited)

 

 

South Carolina

 

0

 

2,374

 

0

 

2,374

 

 

South Dakota

 

0

 

982

 

0

 

982

 

 

Tennessee

 

0

 

4,212

 

0

 

4,212

 

 

Texas

 

0

 

38,944

 

0

 

38,944

 

 

Utah

 

0

 

1,389

 

0

 

1,389

 

 

Virginia

 

0

 

18,984

 

0

 

18,984

 

 

Washington

 

0

 

18,648

 

0

 

18,648

 

 

West Virginia

 

0

 

2,002

 

0

 

2,002

 

 

Wisconsin

 

0

 

7,574

 

0

 

7,574

 

U.S. Treasury Obligations

 

0

 

1,672

 

0

 

1,672

 

Short-Term Instruments

 

Repurchase Agreements

 

0

 

2,005

 

0

 

2,005

 

 

U.S. Treasury Bills

 

0

 

18,493

 

0

 

18,493

 

 

U.S. Treasury Cash Management Bills

 

0

 

8,786

 

0

 

8,786

 

 

Municipal Bonds & Notes

 

0

 

56,434

 

0

 

56,434

 

Total Investments

$

0

$

524,144

$

0

$

524,144

 

 

There were no significant transfers into or out of Level 3 during the period ended March 31, 2022.

 

Notes to Financial Statements 

 

1. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS

(a) Investment Valuation Policies The net asset value (“NAV”) of a Fund’s shares is determined by dividing the total value of a Fund’s portfolio investments and other assets, less any liabilities attributable to that Fund, by the total number of shares outstanding.

 

On each day that the New York Stock Exchange (“NYSE”) is open, Fund shares are ordinarily valued as of the close of regular trading (normally 4:00 p.m., Eastern time) (“NYSE Close”). Information that becomes known to the Funds or their agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, each Fund reserves the right to either (i) calculate its NAV as of the earlier closing time or (ii) calculate its NAV as of the normally scheduled close of regular trading on the NYSE for that day. Each Fund generally does not calculate their NAV on days during which the NYSE is closed. However, if the NYSE is closed on a day it would normally be open for business, each Fund reserves the right to calculate their NAV as of the normally scheduled close of regular trading on the NYSE for that day or such other time that a Fund 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 a Funds' approved pricing services, quotation reporting systems and other third-party sources (together, “Pricing Services”). The Funds will normally use pricing data for domestic equity securities received shortly after the NYSE Close and do not normally take into account trading, clearances or settlements that take place after the NYSE Close. 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 the Pacific Investment Management Company LLC (“PIMCO” or “Manager”) 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, if the NYSE Close occurs before the end of trading on the foreign exchange. Domestic and foreign (non-U.S.) fixed income securities, non-exchange traded derivatives, and equity options are normally valued on the basis of quotes obtained from brokers and dealers or Pricing 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 Fund's investments in open-end management investment companies, other than exchange-traded funds ("ETFs"), are valued at the NAVs of such investments. Open-end management investment companies may include affiliated funds.

 

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

 

Senior secured floating rate loans for which an active secondary market exists to a reliable degree are valued at the mean of the last available bid/ask prices in the market for such loans, as provided by a Pricing 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 Fund's shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Trust is not open for business. As a result, to the extent that a Fund holds foreign (non-U.S.) investments, the value of those investments may change at times when shareholders are unable to buy or sell shares and the value of such investments will be reflected in a Fund'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 Manager 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, that materially affect the values of a Fund'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 Manager, the responsibility for monitoring significant events that may materially affect the values of a Fund'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 Fund 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 Fund'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 Fund could obtain for a security if it were to dispose of that security as of the time of pricing (for instance, in a forced or distressed sale). The prices used by a Fund may differ from

 

 

Notes to Financial Statements (Cont.)

 

the value that would be realized if the securities were sold. The Funds' use of fair valuation may also help to deter “stale price arbitrage” as discussed under the "Abusive Trading Practices" section in each Fund's prospectus.

 

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

 

• Level 1 — Quoted prices 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 Fund.

 

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

 

(c) Valuation Techniques and the Fair Value Hierarchy

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Equity exchange-traded options and over the counter financial derivative instruments, such as forward foreign currency contracts and options contracts derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These contracts are normally valued on the basis of quotes obtained from a quotation reporting system, established market makers or Pricing Services (normally determined as of the NYSE Close). Depending on the product and the terms of the transaction, financial derivative instruments can be valued by Pricing Services using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed

 

 

Notes to Financial Statements (Cont.)

 

 

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

 

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

 

2. FEDERAL INCOME TAX MATTERS

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

 

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

 

In accordance with U.S. GAAP, the Manager has reviewed the Funds' tax positions for all open tax years. As of March 31, 2022, the Funds have recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in future tax returns.

 

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

 

3. INVESTMENTS IN AFFILIATES

Each Fund eligible to participate in securities lending may invest the cash collateral received for securities out on loan in the PIMCO Government Money Market Fund under the Securities Lending Agreement. PIMCO Government Money Market Fund is considered to be affiliated with the Funds. A copy of each affiliate fund’s shareholder report is available at the U.S. Securities and Exchange Commission (“SEC”) website at www.sec.gov, on the Funds’ website at www.pimco.com, or upon request, as applicable. The table below shows the Funds’ transactions in and earnings from investments in the affiliated Fund for the period ended March 31, 2022 (amounts in thousands):

 

Investments in PIMCO Government Money Market Fund

 

Fund Name

 

 

Market Value
06/30/2021

 

Purchases

at Cost

 

Proceeds
from Sales

 

Net
Realized
Gain (Loss)

 

Change in
Unrealized
Appreciation
(Depreciation)

 

Market Value
03/31/2022

 

Dividend
Income
(1)

 

Realized Net
Capital
Gain
Distributions
(1)

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

 

$

18,215

$

86,642

$

(84,783)

$

0

$

0

$

20,074

$

2

$

0

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

 

 

0

 

228

 

(228)

 

0

 

0

 

0

 

0

 

0

PIMCO Enhanced Short Maturity Active Exchange-Traded Fund

 

 

7

 

14,553

 

(14,451)

 

0

 

0

 

109

 

0

 

0

 

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

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

 

 

 

 

 

 

Glossary: (abbreviations that may be used in the preceding statements) (Unaudited)
 
Counterparty Abbreviations:
BOA Bank of America N.A. DUB Deutsche Bank AG JPS J.P. Morgan Securities LLC
BOM Bank of Montreal FICC Fixed Income Clearing Corporation MYC Morgan Stanley Capital Services LLC
BOS BofA Securities, Inc. GLM Goldman Sachs Bank USA SAL Citigroup Global Markets, Inc.
BPG BNP Paribas Securities Corp. GST Goldman Sachs International SBI Citigroup Global Markets Ltd.
BPS BNP Paribas S.A. HUS HSBC Bank USA N.A. SCX Standard Chartered Bank, London
BRC Barclays Bank PLC IND Crédit Agricole Corporate and Investment Bank
S.A.
TDM TD Securities (USA) LLC
CBK Citibank N.A. JPM JP Morgan Chase Bank N.A. TOR The Toronto-Dominion Bank
DEU Deutsche Bank Securities, Inc.
 
Currency Abbreviations:
AUD Australian Dollar GBP British Pound JPY Japanese Yen
CAD Canadian Dollar ILS Israeli Shekel USD (or $) United States Dollar
EUR Euro
 
Exchange Abbreviations:
OTC Over the Counter
 
Index/Spread Abbreviations:
BBSW3M 3 Month Bank Bill Swap Rate LIBOR03M 3 Month USD-LIBOR SOFRRATE Secured Overnight Financing Rate
CDX.HY Credit Derivatives Index - High Yield MUNIPSA Securities Industry and Financial Markets Association (SIFMA) Municipal Swap Index UKRPI United Kingdom Retail Prices Index
CDX.IG Credit Derivatives Index - Investment
Grade
PRIME Daily US Prime Rate US0003M ICE 3-Month USD LIBOR
CPURNSA Consumer Price All Urban Non-Seasonally Adjusted Index SOFRINDX Secured Overnight Financing Rate Index
 
Municipal Bond or Agency Abbreviations:
ACA American Capital Access Holding Ltd. BAM Build America Mutual Assurance PSF Public School Fund
AGM Assured Guaranty Municipal FHA Federal Housing Administration Q-SBLF Qualified School Bond Loan Fund
AMBAC American Municipal Bond Assurance Corp. NPFGC National Public Finance Guarantee Corp. ST State
 
Other Abbreviations:
ABS Asset-Backed Security CLO Collateralized Loan Obligation REMIC Real Estate Mortgage Investment Conduit
ALT Alternate Loan Trust DAC Designated Activity Company TBA To-Be-Announced
BABs Build America Bonds LIBOR London Interbank Offered Rate TBD To-Be-Determined
BBSW Bank Bill Swap Reference Rate PIK Payment-in-Kind