Schedule of Investments PIMCO Dividend and Income Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		PRINCIPAL AMOUNT (000s)		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 122.4% ¤
ASSET-BACKED SECURITIES 12.4%
CAYMAN ISLANDS 1.4%
AGL CLO Ltd. 6.788% due 07/20/2034 •	$	400	$	400
Ballyrock CLO Ltd. 6.718% due 07/20/2034 •		400		398
CIFC Funding Ltd. 6.710% due 07/15/2036 •		400		398
Magnetite Ltd. 0.000% due 10/25/2033 •(a)		400		400
Trinitas CLO Ltd. 6.708% due 01/20/2032 •		400		399
TruPS Financials Note Securitization Ltd. 7.229% due 09/20/2039 •		225		218
Total Cayman Islands				2,213
UNITED STATES 11.0%
Avis Budget Rental Car Funding AESOP LLC 3.350% due 09/22/2025		400		391
Bear Stearns Asset-Backed Securities Trust 5.440% due 12/25/2034 •		872		842
Carvana Auto Receivables Trust
5.820% due 08/10/2028		400		398
6.160% due 10/10/2028		400		401
Citigroup Mortgage Loan Trust 6.064% due 02/25/2035 •		966		876
Credit Suisse First Boston Mortgage Securities Corp. 4.714% due 01/25/2032 •		445		424
ECMC Group Student Loan Trust 6.579% due 11/25/2069 •		784		780
EMC Mortgage Loan Trust 6.734% due 02/25/2041 «•		21		20
Ent Auto Receivables Trust 6.240% due 01/16/2029		392		392
FBR Securitization Trust 6.139% due 11/25/2035 •		730		708
Home Equity Asset Trust 6.139% due 01/25/2036 •		122		113
LCCM Trust 6.897% due 11/15/2038 •		1,000		992
Morgan Stanley Home Equity Loan Trust 5.534% due 12/25/2036 •		1,338		647
Navient Private Education Refi Loan Trust 1.330% due 04/15/2069		221		194
Navient Student Loan Trust
6.329% due 08/26/2069 •		747		741
6.479% due 12/27/2066 •		370		369
Nelnet Student Loan Trust 5.874% due 09/27/2066 •		744		740
Option One Mortgage Loan Trust 5.654% due 04/25/2037 •		1,864		1,361
Pagaya AI Debt Selection Trust
7.128% due 06/16/2031		400		402
7.600% due 12/16/2030		340		341
Research-Driven Pagaya Motor Asset Trust 7.130% due 01/26/2032		800		804
Residential Asset Mortgage Products Trust 6.499% due 05/25/2035 •		1,000		942
Residential Asset Securities Corp. Trust 5.896% due 01/25/2034 •		236		234
SLM Private Credit Student Loan Trust 6.001% due 06/15/2039 •		778		747
SLM Student Loan Trust 6.229% due 03/25/2026 •		803		794
SMB Private Education Loan Trust 6.763% due 02/16/2055 •		689		685
Soundview Home Loan Trust
5.839% due 12/25/2036 •		898		868
6.434% due 09/25/2037 •		1,845		1,249
Structured Asset Investment Loan Trust 5.584% due 09/25/2036 •		367		354

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Upstart Securitization Trust 1.310% due 11/20/2031	161	159
Total United States		17,968
Total Asset-Backed Securities (Cost $21,128)		20,181
LOAN PARTICIPATIONS AND ASSIGNMENTS 0.9%
LUXEMBOURG 0.0%
Intelsat Jackson Holdings SA 9.772% due 02/01/2029	50	50
Total Luxembourg		50
UNITED KINGDOM 0.2%
Softbank Vision Fund 5.000% due 12/21/2025 «	285	266
Total United Kingdom		266
UNITED STATES 0.7%
Amsurg
TBD% due 04/28/2028 «	151	114
16.394% due 04/29/2027	370	441
AmSurg LLC 0.500% - 13.250% (PRIME + 2.750%) due 07/10/2026 «~	108	108
Emerald TopCo, Inc. 8.818% - 9.184% due 07/24/2026	3	3
Lealand Finance Co. BV 8.431% due 06/28/2024 «	1	1
Lealand Finance Co. BV (6.431% Cash and 3.000% PIK) 12.560% due 06/30/2025 (b)	3	2
PUG LLC 8.931% due 02/12/2027	4	4
Sotera Health Holdings LLC 8.181% due 12/11/2026	525	522
Syniverse Holdings, Inc. 12.390% due 05/13/2027	8	7
U.S. Renal Care, Inc. 10.607% due 06/20/2028	13	9
Westmoreland Mining Holdings LLC 8.000% due 03/15/2029	2	1
Total United States		1,212
Total Loan Participations and Assignments (Cost $1,610)		1,528
	SHARES
COMMON STOCKS 46.3%
AUSTRALIA 1.6%
CONSUMER STAPLES 0.1%
Coles Group Ltd.	20,582	205
MATERIALS 1.5%
BHP Group Ltd.	48,259	1,356
Fortescue Metals Group Ltd.	41,263	549
Rio Tinto Ltd.	7,408	534
		2,439
Total Australia		2,644
AUSTRIA 0.2%
FINANCIALS 0.2%
Erste Group Bank AG	8,380	289
Total Austria		289
BELGIUM 0.1%
FINANCIALS 0.1%
Ageas SA	5,217	215

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Total Belgium		215
BRAZIL 1.3%
CONSUMER STAPLES 0.2%
Ambev SA	115,200	300
ENERGY 0.4%
Petroleo Brasileiro SA	90,900	685
FINANCIALS 0.2%
Banco do Brasil SA	20,500	193
BB Seguridade Participacoes SA	17,300	107
		300
MATERIALS 0.5%
Vale SA	60,300	811
Total Brazil		2,096
CANADA 0.2%
FINANCIALS 0.2%
Manulife Financial Corp.	17,897	327
Total Canada		327
CHINA 1.6%
ENERGY 0.2%
China Shenhua Energy Co. Ltd. 'H'	80,500	260
Yankuang Energy Group Co. Ltd. 'H'	57,000	108
		368
FINANCIALS 1.1%
China Construction Bank Corp. 'H'	2,013,000	1,132
China Pacific Insurance Group Co. Ltd. 'A'	63,000	157
Industrial & Commercial Bank of China Ltd. 'H'	777,000	373
PICC Property & Casualty Co. Ltd. 'H'	166,000	212
		1,874
HEALTH CARE 0.1%
CSPC Pharmaceutical Group Ltd.	156,000	114
INDUSTRIALS 0.1%
CITIC Ltd.	136,000	125
INFORMATION TECHNOLOGY 0.1%
Lenovo Group Ltd.	174,000	178
Total China		2,659
CZECH REPUBLIC 0.1%
UTILITIES 0.1%
CEZ AS	3,826	163
Total Czech Republic		163
DENMARK 0.1%
INDUSTRIALS 0.1%
AP Moller - Maersk AS 'A'	73	129
Total Denmark		129
FRANCE 2.3%
FINANCIALS 0.9%
Amundi SA	1,733	97

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

AXA SA	45,088	1,338
		1,435
INDUSTRIALS 1.1%
Cie de Saint-Gobain SA	10,262	614
Eiffage SA	1,762	167
Thales SA	2,574	362
Vinci SA	5,424	600
		1,743
UTILITIES 0.3%
Engie SA	36,412	559
Total France		3,737
GERMANY 0.5%
CONSUMER DISCRETIONARY 0.2%
Bayerische Motoren Werke AG	2,681	272
INDUSTRIALS 0.1%
GEA Group AG	3,585	132
Siemens AG	757	108
		240
MATERIALS 0.2%
HeidelbergCement AG	3,523	273
Total Germany		785
GREECE 0.1%
CONSUMER DISCRETIONARY 0.1%
OPAP SA	6,554	110
Total Greece		110
INDONESIA 0.3%
COMMUNICATION SERVICES 0.1%
Telkom Indonesia Persero Tbk PT	493,400	120
FINANCIALS 0.1%
Bank Mandiri Persero Tbk PT	294,400	114
INDUSTRIALS 0.1%
Astra International Tbk PT	482,200	194
Total Indonesia		428
IRELAND 0.5%
MATERIALS 0.5%
CRH PLC	13,743	752
Total Ireland		752
ITALY 1.0%
FINANCIALS 0.7%
Assicurazioni Generali SpA	24,583	502
Intesa Sanpaolo SpA	158,053	405
Mediobanca SpA	13,152	173
Poste Italiane SpA	12,422	131
		1,211
UTILITIES 0.3%
Enel SpA	66,253	406
Total Italy		1,617
JAPAN 2.6%
COMMUNICATION SERVICES 0.5%
Nintendo Co. Ltd.	19,100	794

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

CONSUMER DISCRETIONARY 0.3%
Honda Motor Co. Ltd.	51,000	574
CONSUMER STAPLES 0.5%
Japan Tobacco, Inc.	29,200	672
Yakult Honsha Co. Ltd.	4,600	111
		783
HEALTH CARE 0.4%
Astellas Pharma, Inc.	29,100	403
Chugai Pharmaceutical Co. Ltd.	4,300	132
Kyowa Kirin Co. Ltd.	6,600	115
		650
INDUSTRIALS 0.8%
ITOCHU Corp.	9,700	350
Mitsubishi Corp.	14,000	667
Mitsui & Co. Ltd.	4,100	149
Obayashi Corp.	15,900	140
		1,306
INFORMATION TECHNOLOGY 0.1%
Tokyo Electron Ltd.	1,000	137
Total Japan		4,244
LUXEMBOURG 0.1%
FINANCIALS 0.1%
Intelsat Emergence SA«(d)(i)	2,890	77
INDUSTRIALS 0.0%
Drillco Holding Lux SA«(d)	2,200	58
Total Luxembourg		135
MEXICO 0.3%
CONSUMER DISCRETIONARY 0.0%
Desarrolladora Homex SAB de CV(d)	41,996	0
CONSUMER STAPLES 0.1%
Arca Continental SAB de CV	12,300	112
MATERIALS 0.2%
Grupo Mexico SAB de CV 'B'	76,300	361
Total Mexico		473
NETHERLANDS 1.1%
CONSUMER DISCRETIONARY 0.6%
Stellantis NV	54,356	1,041
FINANCIALS 0.2%
ABN AMRO Bank NV	8,052	114
NN Group NV	6,059	194
		308
INFORMATION TECHNOLOGY 0.3%
NXP Semiconductors NV	2,494	498
Total Netherlands		1,847
NORWAY 0.3%
ENERGY 0.3%
Equinor ASA	12,944	424

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Total Norway		424
POLAND 0.2%
ENERGY 0.1%
ORLEN SA	14,262	191
FINANCIALS 0.1%
Powszechny Zaklad Ubezpieczen SA	14,344	136
Total Poland		327
PORTUGAL 0.1%
CONSUMER STAPLES 0.1%
Jeronimo Martins SGPS SA	6,903	155
Total Portugal		155
SINGAPORE 0.1%
INDUSTRIALS 0.1%
Singapore Airlines Ltd.	33,400	158
Total Singapore		158
SOUTH AFRICA 0.4%
FINANCIALS 0.3%
Absa Group Ltd.	20,343	187
FirstRand Ltd.	123,684	417
		604
MATERIALS 0.1%
Sibanye Stillwater Ltd.	69,278	106
Total South Africa		710
SOUTH KOREA 0.3%
CONSUMER DISCRETIONARY 0.2%
Kia Corp.	6,427	387
FINANCIALS 0.1%
Samsung Fire & Marine Insurance Co. Ltd.	727	140
Total South Korea		527
SPAIN 1.5%
CONSUMER DISCRETIONARY 0.6%
Industria de Diseno Textil SA	24,883	926
FINANCIALS 0.7%
Banco Bilbao Vizcaya Argentaria SA	146,563	1,186
INDUSTRIALS 0.1%
ACS Actividades de Construccion y Servicios SA	4,570	164
UTILITIES 0.1%
Enagas SA	6,093	101
Redeia Corp. SA	7,373	116
		217
Total Spain		2,493
SWEDEN 0.2%
INDUSTRIALS 0.2%
SKF AB 'B'	6,409	106

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Volvo AB 'B'	7,810	161
		267
Total Sweden		267
SWITZERLAND 2.9%
CONSUMER DISCRETIONARY 0.1%
Garmin Ltd.	1,871	197
HEALTH CARE 2.3%
Novartis AG	16,008	1,635
Roche Holding AG	7,977	2,185
		3,820
MATERIALS 0.5%
Holcim AG	12,809	820
Total Switzerland		4,837
TAIWAN 1.4%
INFORMATION TECHNOLOGY 1.4%
ASE Technology Holding Co. Ltd.	74,000	253
Largan Precision Co. Ltd.	2,000	132
Lite-On Technology Corp.	49,000	185
MediaTek, Inc.	37,000	846
Novatek Microelectronics Corp.	14,000	184
Pegatron Corp.	49,000	116
Realtek Semiconductor Corp.	12,000	147
Unimicron Technology Corp.	21,000	113
United Microelectronics Corp.	276,000	388
		2,364
Total Taiwan		2,364
TURKEY 0.1%
CONSUMER STAPLES 0.1%
BIM Birlesik Magazalar AS	12,028	120
Total Turkey		120
UNITED KINGDOM 2.2%
CONSUMER STAPLES 0.6%
British American Tobacco PLC	3,291	103
Imperial Brands PLC	5,236	106
J Sainsbury PLC	38,923	120
Tesco PLC	176,148	567
Unilever PLC	2,320	115
		1,011
FINANCIALS 0.5%
3i Group PLC	23,685	596
HSBC Holdings PLC	15,938	125
Legal & General Group PLC	60,546	163
		884
INDUSTRIALS 0.6%
BAE Systems PLC	74,906	910
MATERIALS 0.5%
Rio Tinto PLC	14,004	880
Total United Kingdom		3,685
UNITED STATES 22.6%
COMMUNICATION SERVICES 0.7%
Clear Channel Outdoor Holdings, Inc.(d)	29,821	47
Electronic Arts, Inc.	3,196	385
iHeartMedia, Inc. 'A'(d)	6,979	22
iHeartMedia, Inc. 'B'«(d)	5,486	16

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Verizon Communications, Inc.	22,775	738
		1,208
CONSUMER DISCRETIONARY 0.5%
Best Buy Co., Inc.	1,319	92
Darden Restaurants, Inc.	2,497	357
Lennar Corp. 'A'	3,197	359
		808
CONSUMER STAPLES 4.7%
Altria Group, Inc.	43,722	1,838
Coca-Cola Co.	41,446	2,320
Kimberly-Clark Corp.	7,767	939
PepsiCo, Inc.	2,589	439
Philip Morris International, Inc.	7,387	684
Procter & Gamble Co.	10,663	1,555
		7,775
ENERGY 1.7%
HF Sinclair Corp.	3,713	212
Marathon Petroleum Corp.	8,841	1,338
Valero Energy Corp.	8,540	1,210
		2,760
FINANCIALS 2.6%
Aflac, Inc.	13,470	1,034
American Financial Group, Inc.	1,744	195
American International Group, Inc.	16,575	1,004
Ameriprise Financial, Inc.	2,375	783
BlackRock, Inc.	247	160
Hartford Financial Services Group, Inc.	6,627	470
Principal Financial Group, Inc.	1,672	120
State Street Corp.	1,688	113
Synchrony Financial	7,902	241
T Rowe Price Group, Inc.	1,103	116
		4,236
HEALTH CARE 5.9%
AbbVie, Inc.	18,064	2,693
Amgen, Inc.	4,113	1,105
Bristol-Myers Squibb Co.	3,331	193
Gilead Sciences, Inc.	7,909	593
Johnson & Johnson	17,443	2,717
Merck & Co., Inc.	7,883	812
Pfizer, Inc.	44,720	1,483
		9,596
INDUSTRIALS 2.0%
3M Co.	11,988	1,122
Caterpillar, Inc.	543	148
General Dynamics Corp.	211	47
Lockheed Martin Corp.	1,189	486
Neiman Marcus Group Ltd. LLC«(d)(i)	1,124	153
Owens Corning	2,214	302
PACCAR, Inc.	12,059	1,025
Westmoreland Mining Holdings«(d)(i)	53	1
Westmoreland Mining LLC«(d)(i)	53	0
		3,284
INFORMATION TECHNOLOGY 4.3%
Apple, Inc.	4,187	717
Broadcom, Inc.	2,785	2,313
Cisco Systems, Inc.	44,742	2,405
KLA Corp.	242	111
Microchip Technology, Inc.	7,208	563
Microsoft Corp.	1,532	484
NetApp, Inc.	5,209	395
		6,988
MATERIALS 0.2%
Steel Dynamics, Inc.	2,633	282
UTILITIES 0.0%
Windstream Units«(d)	40	1

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Total United States			36,938
Total Common Stocks (Cost $72,054)			75,655
		PRINCIPAL AMOUNT (000s)
CORPORATE BONDS & NOTES 5.8%
BERMUDA 0.0%
INDUSTRIALS 0.0%
Valaris Ltd. 8.375% due 04/30/2030	$	2	2
Total Bermuda			2
BRAZIL 0.0%
INDUSTRIALS 0.0%
Odebrecht Oil & Gas Finance Ltd. 0.000% due 10/30/2023 (f)(h)		46	1
Total Brazil			1
CAYMAN ISLANDS 0.0%
BANKING & FINANCE 0.0%
Park Aerospace Holdings Ltd. 5.500% due 02/15/2024		3	3
Total Cayman Islands			3
FRANCE 0.5%
BANKING & FINANCE 0.5%
Societe Generale SA
6.446% due 01/10/2029 •		400	396
6.691% due 01/10/2034 •		400	389
			785
Total France			785
GERMANY 0.1%
BANKING & FINANCE 0.1%
Deutsche Bank AG 3.547% due 09/18/2031 •		200	161
Total Germany			161
IRELAND 0.2%
INDUSTRIALS 0.2%
Russian Railways Via RZD Capital PLC 7.487% due 03/25/2031 ^(c)	GBP	300	287
Total Ireland			287
ITALY 0.2%
BANKING & FINANCE 0.2%
UniCredit SpA 7.830% due 12/04/2023	$	370	370
Total Italy			370
JAPAN 0.5%
INDUSTRIALS 0.5%
Nissan Motor Co. Ltd. 4.810% due 09/17/2030		868	749

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Total Japan			749
LUXEMBOURG 0.1%
INDUSTRIALS 0.1%
Intelsat Jackson Holdings SA 6.500% due 03/15/2030		208	185
UTILITIES 0.0%
FORESEA Holding SA 7.500% due 06/15/2030		27	26
Total Luxembourg			211
PERU 0.0%
BANKING & FINANCE 0.0%
Banco de Credito del Peru SA 4.650% due 09/17/2024	PEN	100	25
Total Peru			25
SWITZERLAND 0.7%
BANKING & FINANCE 0.7%
UBS Group AG
5.959% due 01/12/2034 •	$	637	612
3.091% due 05/14/2032 •		673	532
			1,144
Total Switzerland			1,144
UNITED KINGDOM 1.1%
BANKING & FINANCE 0.9%
Barclays PLC 7.437% due 11/02/2033 •		700	719
HSBC Holdings PLC 5.402% due 08/11/2033 •		800	738
			1,457
INDUSTRIALS 0.2%
Market Bidco Finco PLC 4.750% due 11/04/2027	EUR	100	91
Marston's Issuer PLC 7.819% (SONIO/N + 2.669%) due 07/16/2035 ~	GBP	200	180
Mitchells & Butlers Finance PLC 5.788% (SONIO/N + 0.569%) due 12/15/2030 ~		75	85
			356
Total United Kingdom			1,813
UNITED STATES 2.4%
BANKING & FINANCE 0.2%
Credit Suisse AG AT1 Claim ^	$	365	38
EPR Properties
4.950% due 04/15/2028		2	2
4.750% due 12/15/2026		2	2
GLP Capital LP
5.250% due 06/01/2025		3	3
5.300% due 01/15/2029		19	18
VICI Properties LP 4.625% due 06/15/2025		237	229
			292
INDUSTRIALS 1.3%
American Airlines Pass-Through Trust 3.350% due 04/15/2031		7	6
Carvana Co. (12.000% PIK) 12.000% due 12/01/2028 (b)		82	65
Carvana Co. (13.000% PIK) 13.000% due 06/01/2030 (b)		123	96
Carvana Co. (14.000% PIK) 14.000% due 06/01/2031 (b)		147	115
CVS Pass-Through Trust 8.353% due 07/10/2031		359	382

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

DISH DBS Corp. 5.250% due 12/01/2026		490	417
Energy Transfer LP 4.950% due 05/15/2028		4	4
Exela Intermediate LLC (11.500% PIK) 11.500% due 04/15/2026 (b)		10	2
GTCR W-2 Merger Sub LLC 7.500% due 01/15/2031 (a)		200	201
Prime Healthcare Services, Inc. 7.250% due 11/01/2025		408	378
RegionalCare Hospital Partners Holdings, Inc. 9.750% due 12/01/2026		230	223
Topaz Solar Farms LLC
5.750% due 09/30/2039		66	61
4.875% due 09/30/2039		9	8
U.S. Renal Care, Inc. 10.625% due 06/28/2028		2	1
Venture Global Calcasieu Pass LLC 3.875% due 08/15/2029		230	194
			2,153
UTILITIES 0.9%
ONEOK, Inc. 5.800% due 11/01/2030		100	98
Pacific Gas & Electric Co.
3.750% due 08/15/2042		2	1
4.500% due 12/15/2041		2	1
3.400% due 08/15/2024		35	34
4.000% due 12/01/2046		2	1
3.300% due 03/15/2027		20	18
4.250% due 03/15/2046		4	3
3.750% due 07/01/2028		110	98
4.950% due 07/01/2050		805	601
3.250% due 06/01/2031		559	445
4.200% due 03/01/2029		200	177
Sprint LLC 7.625% due 03/01/2026		7	7
			1,484
Total United States			3,929
VENEZUELA 0.0%
INDUSTRIALS 0.0%
Petroleos de Venezuela SA
6.000% due 11/15/2026 ^(c)		300	18
6.000% due 05/16/2024 ^(c)		20	1
9.750% due 05/17/2035 ^(c)		20	1
			20
Total Venezuela			20
Total Corporate Bonds & Notes (Cost $10,880)			9,500
NON-AGENCY MORTGAGE-BACKED SECURITIES 9.7%
IRELAND 0.4%
Kinbane DAC 4.719% due 09/25/2062 ~	EUR	570	600
Total Ireland			600
UNITED KINGDOM 2.0%
Avon Finance 6.090% due 12/28/2049 •	GBP	700	850
Bridgegate Funding PLC 7.400% due 10/16/2062 •		1,330	1,623
Eurosail PLC
6.038% due 09/13/2045 •		271	328
6.288% due 06/13/2045 •		312	375
Grifonas Finance PLC 4.212% due 08/28/2039 •	EUR	159	161
Total United Kingdom			3,337
UNITED STATES 7.3%
Banc of America Alternative Loan Trust 6.000% due 07/25/2046 ^	$	40	33
Banc of America Funding Trust 4.085% due 05/20/2036 ^«~		5	5
Banc of America Mortgage Trust
3.606% due 11/20/2046 ^~		3	3
6.000% due 10/25/2036 ^«		9	7

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Bear Stearns Mortgage Funding Trust 7.500% due 08/25/2036 þ	7	7
Benchmark Mortgage Trust 3.626% due 09/15/2048 ~	865	747
Chase Home Lending Mortgage Trust 3.500% due 06/25/2062 ~	1,656	1,467
Chase Mortgage Finance Trust 4.235% due 09/25/2036 ^«~	18	16
CIM Trust 5.000% due 05/25/2062 ~	1,521	1,473
Countrywide Alternative Loan Trust
6.000% due 06/25/2036 ^«	80	42
6.000% due 02/25/2037 ^	49	20
6.250% due 12/25/2036 ^•	20	9
Countrywide Home Loan Mortgage Pass-Through Trust 5.934% due 07/25/2037 ^«•	14	4
Credit Suisse First Boston Mortgage Securities Corp. 6.000% due 01/25/2036 ^	28	17
Credit Suisse First Boston Mortgage-Backed Pass-Through Certificates 6.000% due 11/25/2035 ^	309	86
Credit Suisse Mortgage Capital Certificates 3.695% due 12/29/2037 ~	106	57
Credit Suisse Mortgage Capital Trust 3.904% due 04/25/2062 ~	1,494	1,374
DBGS Mortgage Trust 8.097% due 10/15/2036 •	900	495
First Horizon Alternative Mortgage Securities Trust 5.454% due 06/25/2036 ^~	110	85
HSI Asset Loan Obligation Trust 6.000% due 06/25/2037 ^	2	2
JP Morgan Alternative Loan Trust 5.843% due 05/26/2037 ~	38	28
JP Morgan Chase Commercial Mortgage Securities Trust
7.235% due 10/05/2040	400	395
7.962% due 11/15/2038 •	967	940
JP Morgan Mortgage Trust 6.500% due 07/25/2036 ^	81	30
Legacy Mortgage Asset Trust 7.183% due 01/28/2070 •	116	116
Merrill Lynch Mortgage Investors Trust 3.716% due 03/25/2036 ^~	9	5
MFA Trust 4.400% due 03/25/2068 þ	1,536	1,441
Morgan Stanley Capital Trust 7.644% due 07/15/2035 •	977	951
OBX Trust 6.284% due 04/25/2048 •	16	16
Residential Accredit Loans, Inc. Trust
5.500% due 03/25/2037 ^	207	154
6.234% due 10/25/2045 «•	43	35
6.250% due 03/25/2037 ^	18	14
Structured Adjustable Rate Mortgage Loan Trust 4.397% due 10/25/2036 ^~	1,147	636
Wells Fargo Alternative Loan Trust 5.338% due 07/25/2037 ^~	415	369
Wells Fargo Commercial Mortgage Trust 3.412% due 09/15/2058	392	383
WSTN Trust 6.518% due 07/05/2037 ~	500	488
Total United States		11,950
Total Non-Agency Mortgage-Backed Securities (Cost $17,065)		15,887
MUNICIPAL BONDS & NOTES 0.0%
ILLINOIS 0.0%
Illinois State General Obligation Bonds, (BABs), Series 2010
6.630% due 02/01/2035	14	14
7.350% due 07/01/2035	4	5
Total Illinois		19
PUERTO RICO 0.0%
Commonwealth of Puerto Rico Bonds, Series 2022 0.000% due 11/01/2043	42	22

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Puerto Rico Electric Power Authority Revenue Bonds, (BABs), Series 2010 6.125% due 07/01/2040 ^(c)	100	25
Total Puerto Rico		47
Total Municipal Bonds & Notes (Cost $74)		66
	SHARES
PREFERRED STOCKS 0.8%
BRAZIL 0.6%
ENERGY 0.5%
Petroleo Brasileiro SA	116,600	804
MATERIALS 0.1%
Gerdau SA	25,100	120
Total Brazil		924
GERMANY 0.1%
INDUSTRIALS 0.1%
Bayerische Motoren Werke AG	1,414	132
Total Germany		132
UNITED KINGDOM 0.1%
BANKING & FINANCE 0.1%
Nationwide Building Society 10.250% ~	1,130	157
Total United Kingdom		157
Total Preferred Stocks (Cost $1,125)		1,213
REAL ESTATE INVESTMENT TRUSTS 4.9%
UNITED STATES 4.9%
REAL ESTATE 4.9%
Apartment Income REIT Corp.	12,413	381
Apple Hospitality REIT, Inc.	30,849	473
Boston Properties, Inc.	6,266	373
CareTrust REIT, Inc.	10,401	213
CBL & Associates Properties, Inc.	39	1
Cousins Properties, Inc.	8,925	182
Crown Castle, Inc.	2,900	267
Digital Realty Trust, Inc.	4,114	498
EPR Properties	9,285	386
Equity Residential	3,882	228
Gaming & Leisure Properties, Inc.	13,604	620
Healthcare Realty Trust, Inc.	19,391	296
Healthpeak Properties, Inc.	14,148	260
Highwoods Properties, Inc.	15,546	320
Kilroy Realty Corp.	8,823	279
Macerich Co.	14,123	154
National Storage Affiliates Trust	10,935	347
Park Hotels & Resorts, Inc.	38,425	473
Simon Property Group, Inc.	6,425	694
Spirit Realty Capital, Inc.	6,569	220
Uniti Group, Inc.	28	0
VICI Properties, Inc.	34,111	992
WP Carey, Inc.	5,853	317
		7,974
Total Real Estate Investment Trusts (Cost $8,811)		7,974
RIGHTS 0.0%
LUXEMBOURG 0.0%
INDUSTRIALS 0.0%
Intelsat Jackson Holdings SA - Exp. 12/05/2025«(d)	348	3

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Total Rights (Cost $0)			3
		PRINCIPAL AMOUNT (000s)
SOVEREIGN ISSUES 1.0%
ARGENTINA 0.2%
Argentina Government International Bond
0.750% due 07/09/2030 þ	$	299	82
1.000% due 07/09/2029		31	9
3.500% due 07/09/2041 þ		196	51
3.625% due 07/09/2035 þ		373	91
4.250% due 01/09/2038 þ		269	79
15.500% due 10/17/2026	ARS	1,226	0
Autonomous City of Buenos Aires 116.492% (BADLARPP + 3.250%) due 03/29/2024 ~		3,481	5
Provincia de Buenos Aires 105.742% due 04/12/2025		389	0
Total Argentina			317
MEXICO 0.1%
Mexico Government International Bond 2.750% due 11/27/2031 (g)	MXN	4,094	197
Total Mexico			197
PERU 0.0%
Peru Government International Bond
6.150% due 08/12/2032	PEN	4	1
6.900% due 08/12/2037		5	1
6.950% due 08/12/2031		2	1
Total Peru			3
ROMANIA 0.2%
Romania Government International Bond 5.500% due 09/18/2028	EUR	200	210
Total Romania			210
SOUTH AFRICA 0.3%
South Africa Government International Bond 10.500% due 12/21/2026	ZAR	9,600	522
Total South Africa			522
TURKEY 0.2%
Turkey Government International Bond
4.250% due 03/13/2025	$	200	191
5.250% due 03/13/2030		200	167
Total Turkey			358
VENEZUELA 0.0%
Venezuela Government International Bond
7.000% due 03/31/2038 ^(c)		2	0
7.650% due 04/21/2025 ^(c)		3	0
9.250% due 09/15/2027 ^(c)		44	5
Total Venezuela			5
Total Sovereign Issues (Cost $2,215)			1,612
U.S. GOVERNMENT AGENCIES 27.5%
UNITED STATES 27.5%
Ginnie Mae 5.500% due 07/20/2053 - 08/20/2053		399	387
Ginnie Mae, TBA
3.500% due 10/01/2053		100	88
4.500% due 11/01/2053		600	555
5.000% due 10/01/2053		300	284
Uniform Mortgage-Backed Security
3.000% due 11/01/2029 - 05/01/2052		344	286
3.500% due 02/01/2050		29	26
4.000% due 08/01/2042 - 10/01/2042		101	92
Uniform Mortgage-Backed Security, TBA
3.000% due 11/01/2053		5,100	4,224
3.500% due 11/01/2053		4,000	3,443

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

4.000% due 10/01/2053		8,500	7,568
4.500% due 10/01/2053 - 11/01/2053		5,600	5,144
5.000% due 11/01/2053		4,700	4,436
5.500% due 11/01/2053		4,400	4,251
6.000% due 11/01/2053		7,600	7,497
6.500% due 11/01/2053		6,700	6,727
Total U.S. Government Agencies (Cost $45,929)			45,008
U.S. TREASURY OBLIGATIONS 10.4%
UNITED STATES 10.4%
U.S. Treasury Bonds
2.875% due 11/15/2046		600	431
3.000% due 02/15/2049		1,133	829
4.375% due 08/15/2043		300	280
U.S. Treasury Inflation Protected Securities(g)
0.125% due 07/15/2024		2,163	2,113
0.125% due 10/15/2024 (l)		1,644	1,594
0.125% due 04/15/2025		385	367
0.125% due 07/15/2030		334	289
0.125% due 07/15/2031		2,429	2,064
0.125% due 02/15/2051		352	197
0.250% due 01/15/2025		355	341
0.250% due 07/15/2029 (l)		858	765
0.375% due 01/15/2027		40	38
0.375% due 07/15/2027		12	12
0.500% due 04/15/2024		982	965
0.625% due 01/15/2024		472	467
0.625% due 07/15/2032		631	550
0.750% due 07/15/2028		256	238
0.875% due 01/15/2029		420	390
1.000% due 02/15/2048		124	92
1.000% due 02/15/2049		121	90
1.375% due 07/15/2033		906	838
U.S. Treasury Notes
0.500% due 10/31/2027 (n)		100	85
0.625% due 11/30/2027		550	466
0.625% due 12/31/2027		220	186
0.750% due 01/31/2028 (n)		110	93
2.375% due 03/31/2029		2,800	2,493
4.000% due 10/31/2029		800	773
Total U.S. Treasury Obligations (Cost $19,022)			17,046
		SHARES
WARRANTS 0.0%
LUXEMBOURG 0.0%
FINANCIALS 0.0%
Intelsat Emergence SA - Exp. 02/17/2027«		132	0
INDUSTRIALS 0.0%
Intelsat Jackson Holdings SA - Exp. 12/05/2025«		296	3
Total Warrants (Cost $53)			3
SHORT-TERM INSTRUMENTS 2.7%
REPURCHASE AGREEMENTS (j) 0.6%			989
		PRINCIPAL AMOUNT (000s)
JAPAN TREASURY BILLS 2.1%
(0.168)% due 10/16/2023 - 12/25/2023 (e)(f)	JPY	510,000	3,414

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

ARGENTINA TREASURY BILLS 0.0%
63.351% due 10/18/2023 - 11/23/2023 (e)(f)(g)	ARS	24,898		34
Total Short-Term Instruments (Cost $4,518)				4,437
Total Investments in Securities (Cost $204,484)				200,113
		SHARES
INVESTMENTS IN AFFILIATES 3.9%
SHORT-TERM INSTRUMENTS 3.9%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 3.9%
PIMCO Short-Term Floating NAV Portfolio III		662,838		6,443
Total Short-Term Instruments (Cost $6,435)				6,443
Total Investments in Affiliates (Cost $6,435)				6,443
Total Investments 126.3% (Cost $210,919)			$	206,556
Financial Derivative Instruments(k)(m)(0.1)%(Cost or Premiums, net $(722))				(93)
Other Assets and Liabilities, net (26.2)%				(42,946)
Net Assets 100.0%			$	163,517

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:
* A zero balance may reflect actual amounts rounding to less than one thousand.
¤	The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.
^	Security is in default.
«	Security valued using significant unobservable inputs (Level 3).
~	Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.
•	Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.
þ	Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.
(a)	When-issued security.
(b)	Payment in-kind security.
(c)	Security is not accruing income as of the date of this report.
(d)	Security did not produce income within the last twelve months.
(e)	Coupon represents a weighted average yield to maturity.
(f)	Zero coupon security.
(g)	Principal amount of security is adjusted for inflation.
(h)	Perpetual maturity; date shown, if applicable, represents next contractual call date.
(i)	RESTRICTED SECURITIES:
Issuer Description										Acquisition Date										Cost														Market Value								Market Value as Percentage of Net Assets
Intelsat Emergence SA										06/19/2017 - 07/03/2023						$				208									$					77								0.05			%
Neiman Marcus Group Ltd. LLC										09/25/2020										36														153								0.09
Westmoreland Mining Holdings										03/26/2019										0														1								0.00
Westmoreland Mining LLC										06/30/2023										1														0								0.00
															$				245									$					231								0.14%
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(j)	REPURCHASE AGREEMENTS:
Counterparty		Lending Rate	Settlement Date	Maturity Date		Principal Amount		Collateralized By																Collateral (Received)											Repurchase Agreements, at Value								Repurchase Agreement Proceeds to be Received(1)
FICC		2.600%	09/29/2023	10/02/2023	$	989		U.S. Treasury Notes 5.000% due 08/31/2025															$		(1,009)							$					989			$				989
Total Repurchase Agreements																							$		(1,009)							$					989			$				989
SHORT SALES:
Description												Coupon	Maturity Date								Principal Amount										Proceeds									Payable for Short Sales
U.S. Government Agencies (0.3)%
United States (0.3)%
Uniform Mortgage-Backed Security, TBA												4.500%	10/01/2053				$					300								$						(282)			$					(276)
Ginnie Mae, TBA												5.500%	10/01/2053									300														(295)								(291)
Total Short Sales (0.3)%																														$						(577)			$					(567)
(1)	Includes accrued interest.
(k)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
WRITTEN OPTIONS:
OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS
Description									Strike Price		Expiration Date			# of Contracts						Notional Amount							Premiums (Received)													Market Value
Put - CBOT U.S. Treasury 10-Year Note November 2023 Futures							$		107.000		10/27/2023			1				$		1						$	0											$		0
Call - CBOT U.S. Treasury 10-Year Note November 2023 Futures									110.000		10/27/2023			1						1							0													0

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Call - CME 3-Month SOFR Active Contract December 2023 Futures															96.063							12/15/2023			2							5								(4)														0
Put - CME 3-Month SOFR Active Contract December 2023 Futures															96.063							12/15/2023			2							5								(4)														(8)
Call - CME 3-Month SOFR Active Contract December 2023 Futures															96.125							12/15/2023			2							5								(4)														0
Put - CME 3-Month SOFR Active Contract December 2023 Futures															96.125							12/15/2023			2							5								(4)														(8)
Call - CME 3-Month SOFR Active Contract December 2023 Futures															96.375							12/15/2023			3							8								(6)														0
Put - CME 3-Month SOFR Active Contract December 2023 Futures															96.375							12/15/2023			1							3								(2)														(5)
Put - CME 3-Month SOFR Active Contract December 2023 Futures															96.500							12/15/2023			1							3								(1)														(5)
Call - CME 3-Month SOFR Active Contract December 2023 Futures															98.000							12/15/2023			2							5								(2)														0
Total Written Options																																					$				(27)								$						(26)
FUTURES CONTRACTS:
LONG FUTURES CONTRACTS
																																							Variation Margin(1)
Description								Expiration Month				# of Contracts							Notional Amount												Unrealized Appreciation/ (Depreciation)												Asset														Liability
3-Month SOFR Active Contract September Futures								12/2023				5				$			1,183								$				(18)								$				0								$						0
U.S. Treasury 2-Year Note December Futures								12/2023				1							203												(1)												0														0
U.S. Treasury 5-Year Note December Futures								12/2023				4							421												(4)												1														0
U.S. Treasury 10-Year Note December Futures								12/2023				119							12,859												(221)												24														0
																										$				(244)								$				25								$						0
SHORT FUTURES CONTRACTS
																																							Variation Margin(1)
Description								Expiration Month				# of Contracts							Notional Amount												Unrealized Appreciation/ (Depreciation)												Asset														Liability
3-Month SOFR Active Contract December Futures								03/2024				2				$			(473)								$				14								$				0								$						0
3-Month SOFR Active Contract December Futures								03/2025				1							(239)												6												0														0
3-Month SOFR Active Contract December Futures								03/2026				1							(240)												5												0														0
3-Month SOFR Active Contract June Futures								09/2024				2							(474)												14												0														0
3-Month SOFR Active Contract June Futures								09/2025				2							(479)												10												0														0
3-Month SOFR Active Contract March Futures								06/2024				3							(710)												21												0														0
3-Month SOFR Active Contract March Futures								06/2025				1							(239)												5												0														0
3-Month SOFR Active Contract March Futures								06/2026				1							(240)												4												0														0
3-Month SOFR Active Contract September Futures								12/2024				2							(475)												13												0														0
3-Month SOFR Active Contract September Futures								12/2025				1							(240)												5												0														0
Australia Government 10-Year Bond December Futures								12/2023				18							(1,296)												35												11														0
U.S. Treasury 10-Year Ultra December Futures								12/2023				14							(1,562)												33												0														(3)
U.S. Treasury Long-Term Bond December Futures								12/2023				9							(1,024)												38												0														(3)
U.S. Treasury Ultra Long-Term Bond December Futures								12/2023				4							(475)												26												0														(2)
																										$				229								$				11								$						(8)
Total Futures Contracts																										$				(15)								$				36								$						(8)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION(2)
																																												Variation Margin(1)
Reference Entity	Fixed Receive Rate		Payment Frequency		Maturity Date		Implied Credit Spread at September 30, 2023(3)							Notional Amount(4)						Premiums Paid/ (Received)								Unrealized Appreciation/ (Depreciation)							Market Value(5)												Asset											Liability
AT&T, Inc.	1.000%		Quarterly		06/20/2028		1.046			%	$			600			$			(5)			$					4					$		(1)										$		0					$						0
Boeing Co.	1.000		Quarterly		12/20/2023		0.372							200						2								(2)							0												0											0
Ford Motor Co.	5.000		Quarterly		06/20/2027		2.002							200						24								(4)							20												1											0
Ford Motor Credit Co. LLC	5.000		Quarterly		06/20/2026		1.468							600						52								2							54												0											0
Verizon Communications, Inc.	1.000		Quarterly		06/20/2026		0.813							500						11								(8)							3												0											0
Verizon Communications, Inc.	1.000		Quarterly		06/20/2028		1.019							250						0								0							0												0											0
																		$			84			$					(8)					$		76										$		1					$						0
CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION(2)
																																												Variation Margin(1)
Index/Tranches		Fixed Receive Rate		Payment Frequency		Maturity Date							Notional Amount(4)							Premiums Paid/ (Received)								Unrealized Appreciation/ (Depreciation)							Market Value(5)												Asset											Liability
CDX.EM-36 5-Year Index		1.000%		Quarterly		12/20/2026			$				552				$			(21)			$					9					$		(12)										$		0					$						(1)

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

CDX.EM-40 5-Year Index		1.000		Quarterly		12/20/2028			600				(30)				(3)				(33)					0				(1)
CDX.HY-40 5-Year Index		5.000		Quarterly		06/20/2028			2,300				1				39				40					0				(5)
CDX.HY-41 5-Year Index		5.000		Quarterly		12/20/2028			3,900				36				2				38					0				(9)
CDX.IG-41 5-Year Index		1.000		Quarterly		12/20/2028			2,200				28				(1)				27					0				0
											$		14		$		46		$		60			$		0		$		(16)
INTEREST RATE SWAPS
																							Variation Margin(1)
Pay/ Receive Floating Rate	Floating Rate Index		Fixed Rate		Payment Frequency		Maturity Date			Notional Amount				Premiums Paid/ (Received)				Unrealized Appreciation/ (Depreciation)				Market Value					Asset				Liability
Receive(6)	1-Day GBP-SONIO Compounded-OIS		4.500%		Annual		03/20/2034	GBP		1,200		$		(37)		$		9		$		(28)			$		6		$		0
Pay	1-Day JPY-MUTKCALM Compounded-OIS		0.176		Annual		04/27/2027	JPY		30,000				0				(2)				(2)					0				0
Receive	1-Day JPY-MUTKCALM Compounded-OIS		0.020		Semi-Annual		09/20/2028			210,000				4				41				45					2				0
Receive	1-Day JPY-MUTKCALM Compounded-OIS		0.000		Semi-Annual		03/15/2029			641,000				46				111				157					7				0
Receive	1-Day JPY-MUTKCALM Compounded-OIS		0.400		Annual		06/15/2032			150,000				2				39				41					4				0
Receive	1-Day JPY-MUTKCALM Compounded-OIS		0.500		Annual		03/15/2042			90,000				26				63				89					5				0
Receive	1-Day JPY-MUTKCALM Compounded-OIS		0.711		Annual		04/27/2042			10,000				0				8				8					1				0
Pay	1-Day USD-SOFR Compounded-OIS		1.270		Semi-Annual		11/04/2023	$		10,300				(26)				(62)				(88)					0				(4)
Pay	1-Day USD-SOFR Compounded-OIS		1.088		Maturity		02/03/2024			200				0				(5)				(5)					0				0
Pay	1-Day USD-SOFR Compounded-OIS		1.700		Semi-Annual		03/06/2024			400				0				(8)				(8)					0				0
Pay	1-Day USD-SOFR Compounded-OIS		5.100		Annual		05/22/2024			27,940				(44)				(52)				(96)					0				0
Pay	1-Day USD-SOFR Compounded-OIS		5.400		Annual		06/06/2024			16,380				(10)				1				(9)					1				0
Pay	1-Day USD-SOFR Compounded-OIS		3.950		Annual		06/20/2024			600				(3)				(6)				(9)					0				0
Pay	1-Day USD-SOFR Compounded-OIS		4.040		Annual		06/20/2024			300				(2)				(2)				(4)					0				0
Pay	1-Day USD-SOFR Compounded-OIS		4.060		Annual		06/20/2024			1,400				(7)				(12)				(19)					0				0
Pay	1-Day USD-SOFR Compounded-OIS		4.140		Annual		06/22/2024			800				(4)				(7)				(11)					0				0
Receive	1-Day USD-SOFR Compounded-OIS		2.500		Semi-Annual		12/18/2024			3,100				(113)				230				117					1				0
Receive(6)	1-Day USD-SOFR Compounded-OIS		2.450		Annual		12/20/2024			3,200				0				87				87					0				0
Receive(6)	1-Day USD-SOFR Compounded-OIS		2.350		Annual		01/17/2025			1,600				0				44				44					0				0
Pay	1-Day USD-SOFR Compounded-OIS		4.500		Annual		05/22/2025			14,420				(42)				(147)				(189)					3				0
Pay	1-Day USD-SOFR Compounded-OIS		4.900		Annual		06/06/2025			8,480				12				(55)				(43)					2				0
Receive(6)	1-Day USD-SOFR Compounded-OIS		1.600		Annual		01/16/2026			1,200				15				55				70					0				(1)
Receive(6)	1-Day USD-SOFR Compounded-OIS		2.300		Annual		01/17/2026			1,000				0				46				46					0				(1)
Receive	1-Day USD-SOFR Compounded-OIS		0.928		Semi-Annual		05/06/2026			100				0				11				11					0				0
Receive	1-Day USD-SOFR Compounded-OIS		0.940		Semi-Annual		06/08/2026			100				0				10				10					0				0
Receive	1-Day USD-SOFR Compounded-OIS		0.500		Semi-Annual		06/16/2026			1,000				9				105				114					0				0
Receive	1-Day USD-SOFR Compounded-OIS		3.000		Semi-Annual		06/19/2026			2,300				(188)				306				118					0				(1)
Receive	1-Day USD-SOFR Compounded-OIS		3.500		Annual		06/21/2026			170				1				5				6					0				0
Receive	1-Day USD-SOFR Compounded-OIS		1.250		Semi-Annual		12/15/2026			100				(2)				13				11					0				0
Receive	1-Day USD-SOFR Compounded-OIS		1.740		Semi-Annual		12/16/2026			100				(5)				14				9					0				0
Pay	1-Day USD-SOFR Compounded-OIS		1.380		Semi-Annual		01/04/2027			100				0				(11)				(11)					0				0
Pay	1-Day USD-SOFR Compounded-OIS		1.570		Semi-Annual		01/11/2027			200				0				(22)				(22)					0				0
Pay	1-Day USD-SOFR Compounded-OIS		1.425		Semi-Annual		01/18/2027			100				0				(11)				(11)					0				0

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Pay	1-Day USD-SOFR Compounded-OIS	1.443	Semi-Annual	01/18/2027	100	0	(11)	(11)	0	0
Receive	1-Day USD-SOFR Compounded-OIS	1.350	Semi-Annual	01/20/2027	500	0	57	57	0	0
Pay	1-Day USD-SOFR Compounded-OIS	1.550	Semi-Annual	01/20/2027	2,400	(6)	(254)	(260)	1	0
Pay	1-Day USD-SOFR Compounded-OIS	1.580	Semi-Annual	02/16/2027	200	0	(21)	(21)	0	0
Receive	1-Day USD-SOFR Compounded-OIS	1.450	Semi-Annual	02/17/2027	1,200	0	132	132	0	(1)
Pay	1-Day USD-SOFR Compounded-OIS	1.700	Semi-Annual	02/17/2027	4,900	(13)	(488)	(501)	3	0
Pay	1-Day USD-SOFR Compounded-OIS	1.928	Annual	03/25/2027	200	0	(20)	(20)	0	0
Receive	1-Day USD-SOFR Compounded-OIS	1.000	Annual	06/15/2027	200	8	18	26	0	0
Pay	1-Day USD-SOFR Compounded-OIS	2.850	Annual	08/30/2027	200	(1)	(11)	(12)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	2.900	Annual	10/04/2027	900	(7)	(61)	(68)	1	0
Receive	1-Day USD-SOFR Compounded-OIS	2.000	Annual	12/21/2027	200	14	9	23	0	0
Pay	1-Day USD-SOFR Compounded-OIS	3.800	Annual	03/10/2028	100	0	(3)	(3)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	1.280	Semi-Annual	03/24/2028	400	0	(55)	(55)	1	0
Receive	1-Day USD-SOFR Compounded-OIS	1.235	Semi-Annual	05/12/2028	100	0	15	15	0	0
Pay	1-Day USD-SOFR Compounded-OIS	0.500	Semi-Annual	06/16/2028	1,610	(67)	(218)	(285)	2	0
Receive	1-Day USD-SOFR Compounded-OIS	2.250	Semi-Annual	06/20/2028	4,900	(419)	897	478	0	(5)
Receive	1-Day USD-SOFR Compounded-OIS	3.250	Annual	06/21/2028	2,110	2	113	115	0	(3)
Pay	1-Day USD-SOFR Compounded-OIS	3.800	Annual	09/05/2028	200	(2)	(3)	(5)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	1.265	Semi-Annual	09/28/2028	100	0	(15)	(15)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	1.500	Semi-Annual	12/15/2028	422	9	(71)	(62)	1	0
Receive(6)	1-Day USD-SOFR Compounded-OIS	3.750	Annual	12/20/2028	1,370	(1)	35	34	0	(2)
Receive	1-Day USD-SOFR Compounded-OIS	1.379	Semi-Annual	12/22/2028	100	0	15	15	0	0
Receive	1-Day USD-SOFR Compounded-OIS	1.500	Semi-Annual	01/12/2029	55	0	9	9	0	0
Pay	1-Day USD-SOFR Compounded-OIS	1.700	Semi-Annual	01/12/2029	200	(1)	(28)	(29)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	1.000	Annual	06/15/2029	220	(9)	(31)	(40)	0	0
Receive	1-Day USD-SOFR Compounded-OIS	1.000	Annual	06/15/2029	310	18	38	56	0	0
Receive	1-Day USD-SOFR Compounded-OIS	1.750	Annual	06/15/2029	282	16	24	40	0	0
Receive	1-Day USD-SOFR Compounded-OIS	2.000	Semi-Annual	12/10/2029	100	(9)	23	14	0	0
Receive	1-Day USD-SOFR Compounded-OIS	1.500	Semi-Annual	12/18/2029	200	(11)	45	34	0	0
Receive	1-Day USD-SOFR Compounded-OIS	2.000	Annual	12/21/2029	1,370	120	84	204	0	(2)
Receive	1-Day USD-SOFR Compounded-OIS	1.750	Semi-Annual	01/15/2030	300	(22)	71	49	0	0
Receive	1-Day USD-SOFR Compounded-OIS	2.000	Semi-Annual	02/12/2030	200	(18)	47	29	0	0
Pay	1-Day USD-SOFR Compounded-OIS	3.470	Annual	02/22/2030	100	0	(6)	(6)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	3.340	Annual	02/23/2030	200	(1)	(12)	(13)	0	0
Receive	1-Day USD-SOFR Compounded-OIS	2.000	Semi-Annual	03/10/2030	100	(9)	24	15	0	0
Receive	1-Day USD-SOFR Compounded-OIS	1.250	Semi-Annual	06/17/2030	2,400	(96)	560	464	0	(3)
Receive	1-Day USD-SOFR Compounded-OIS	3.000	Annual	06/21/2030	2,460	35	167	202	0	(4)
Pay	1-Day USD-SOFR Compounded-OIS	3.500	Annual	06/22/2030	200	(1)	(9)	(10)	0	0
Receive	1-Day USD-SOFR Compounded-OIS	1.000	Semi-Annual	12/16/2030	127	0	28	28	0	0
Receive(6)	1-Day USD-SOFR Compounded-OIS	3.500	Annual	12/20/2030	1,460	10	55	65	0	(3)
Receive	1-Day USD-SOFR Compounded-OIS	0.750	Semi-Annual	06/16/2031	2,600	174	468	642	0	(3)
Pay	1-Day USD-SOFR Compounded-OIS	0.750	Semi-Annual	06/16/2031	663	(49)	(116)	(165)	1	0
Receive	1-Day USD-SOFR Compounded-OIS	1.450	Semi-Annual	07/16/2031	100	0	21	21	0	0

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Receive	1-Day USD-SOFR Compounded-OIS	1.370	Semi-Annual	07/19/2031	100	0	22	22	0	0
Receive	1-Day USD-SOFR Compounded-OIS	1.360	Semi-Annual	07/20/2031	100	0	22	22	0	0
Receive	1-Day USD-SOFR Compounded-OIS	1.405	Semi-Annual	09/07/2031	100	0	21	21	0	0
Pay	1-Day USD-SOFR Compounded-OIS	1.500	Semi-Annual	10/05/2031	100	0	(22)	(22)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	1.535	Semi-Annual	10/15/2031	100	0	(21)	(21)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	1.545	Semi-Annual	10/26/2031	100	0	(21)	(21)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	1.768	Semi-Annual	02/02/2032	100	0	(20)	(20)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	2.000	Semi-Annual	02/18/2032	200	(1)	(36)	(37)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	1.817	Annual	04/05/2032	400	(2)	(74)	(76)	1	0
Pay	1-Day USD-SOFR Compounded-OIS	1.872	Annual	04/06/2032	200	(1)	(36)	(37)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	1.250	Annual	06/15/2032	210	(21)	(27)	(48)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	1.750	Annual	06/15/2032	280	(23)	(31)	(54)	1	0
Receive	1-Day USD-SOFR Compounded-OIS	1.750	Annual	06/15/2032	399	35	42	77	0	(1)
Receive	1-Day USD-SOFR Compounded-OIS	2.000	Annual	12/21/2032	2,100	246	164	410	0	(3)
Pay	1-Day USD-SOFR Compounded-OIS	3.430	Annual	02/27/2033	100	0	(8)	(8)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	3.370	Annual	03/01/2033	100	(1)	(7)	(8)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	3.405	Annual	03/01/2033	100	0	(8)	(8)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	3.425	Annual	03/01/2033	100	0	(8)	(8)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	3.300	Annual	03/06/2033	100	0	(9)	(9)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	3.450	Annual	03/07/2033	100	0	(7)	(7)	0	0
Receive	1-Day USD-SOFR Compounded-OIS	3.500	Annual	05/22/2033	6,420	63	368	431	0	(11)
Receive	1-Day USD-SOFR Compounded-OIS	3.700	Annual	06/06/2033	3,870	(31)	225	194	0	(7)
Pay	1-Day USD-SOFR Compounded-OIS	3.300	Annual	06/14/2033	200	(1)	(16)	(17)	0	0
Receive	1-Day USD-SOFR Compounded-OIS	3.000	Annual	06/21/2033	725	10	67	77	0	(1)
Pay	1-Day USD-SOFR Compounded-OIS	3.500	Annual	06/21/2033	100	(1)	(6)	(7)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	3.650	Annual	07/10/2033	100	0	(5)	(5)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	3.750	Annual	07/12/2033	100	0	(5)	(5)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	3.760	Annual	08/23/2033	100	0	(4)	(4)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	3.800	Annual	08/30/2033	100	0	(4)	(4)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	3.900	Annual	08/30/2033	100	0	(3)	(3)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	3.950	Annual	09/13/2033	100	0	(3)	(3)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	4.165	Annual	09/27/2033	200	(1)	(1)	(2)	1	0
Pay(6)	1-Day USD-SOFR Compounded-OIS	4.155	Annual	10/02/2033	100	0	(1)	(1)	0	0
Pay(6)	1-Day USD-SOFR Compounded-OIS	4.170	Annual	10/03/2033	100	0	(1)	(1)	0	(1)
Receive	1-Day USD-SOFR Compounded-OIS	1.910	Semi-Annual	10/17/2049	100	(22)	61	39	0	0
Receive	1-Day USD-SOFR Compounded-OIS	1.895	Semi-Annual	10/18/2049	100	(21)	61	40	0	0
Receive	1-Day USD-SOFR Compounded-OIS	2.250	Semi-Annual	12/11/2049	900	(269)	571	302	0	(3)
Receive	1-Day USD-SOFR Compounded-OIS	2.000	Semi-Annual	01/15/2050	100	(24)	62	38	0	0
Receive	1-Day USD-SOFR Compounded-OIS	1.625	Semi-Annual	01/16/2050	100	(15)	59	44	0	0
Receive	1-Day USD-SOFR Compounded-OIS	1.750	Semi-Annual	01/22/2050	500	(89)	299	210	0	(2)
Receive	1-Day USD-SOFR Compounded-OIS	1.625	Semi-Annual	02/03/2050	300	(44)	176	132	0	(1)
Receive	1-Day USD-SOFR Compounded-OIS	2.250	Semi-Annual	03/12/2050	600	(183)	385	202	0	(2)
Receive	1-Day USD-SOFR Compounded-OIS	1.250	Semi-Annual	12/16/2050	400	38	162	200	0	(1)

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Pay	1-Day USD-SOFR Compounded-OIS	1.491	Semi-Annual	01/21/2051		100	(1)	(46)	(47)	0	0
Pay	1-Day USD-SOFR Compounded-OIS	1.590	Semi-Annual	02/09/2051		900	(7)	(399)	(406)	3	0
Receive	1-Day USD-SOFR Compounded-OIS	1.785	Semi-Annual	08/12/2051		100	(1)	43	42	0	0
Pay	1-Day USD-SOFR Compounded-OIS	3.370	Annual	07/12/2053		100	(1)	(10)	(11)	1	0
Pay	1-Year BRL-CDI	11.140	Maturity	01/02/2025	BRL	100	0	0	0	0	0
Pay	1-Year BRL-CDI	11.160	Maturity	01/02/2025		100	0	0	0	0	0
Pay	1-Year BRL-CDI	11.350	Maturity	01/02/2025		100	0	0	0	0	0
Pay	1-Year BRL-CDI	12.000	Maturity	01/02/2025		200	0	0	0	0	0
Pay	1-Year BRL-CDI	12.080	Maturity	01/02/2025		300	0	0	0	0	0
Pay	1-Year BRL-CDI	12.140	Maturity	01/02/2025		200	0	0	0	0	0
Pay	1-Year BRL-CDI	12.145	Maturity	01/02/2025		200	0	0	0	0	0
Pay	1-Year BRL-CDI	12.160	Maturity	01/02/2025		300	0	0	0	0	0
Pay	1-Year BRL-CDI	9.840	Maturity	01/02/2026		500	0	(2)	(2)	0	0
Pay	1-Year BRL-CDI	9.865	Maturity	01/02/2026		200	0	(1)	(1)	0	0
Pay	1-Year BRL-CDI	9.905	Maturity	01/02/2026		400	0	(1)	(1)	0	0
Pay	1-Year BRL-CDI	10.018	Maturity	01/02/2026		1,000	0	(3)	(3)	1	0
Pay	1-Year BRL-CDI	10.050	Maturity	01/02/2026		900	0	(2)	(2)	1	0
Pay	1-Year BRL-CDI	10.070	Maturity	01/02/2026		900	0	(2)	(2)	1	0
Pay	1-Year BRL-CDI	9.961	Maturity	01/04/2027		700	0	(3)	(3)	1	0
Pay	1-Year BRL-CDI	10.000	Maturity	01/04/2027		200	0	(1)	(1)	0	0
Pay	1-Year BRL-CDI	10.004	Maturity	01/04/2027		800	0	(3)	(3)	1	0
Pay	1-Year BRL-CDI	10.053	Maturity	01/04/2027		1,500	0	(6)	(6)	1	0
Pay	1-Year BRL-CDI	10.101	Maturity	01/04/2027		400	0	(1)	(1)	0	0
Pay	1-Year BRL-CDI	11.220	Maturity	01/04/2027		100	0	0	0	0	0
Pay	1-Year BRL-CDI	11.260	Maturity	01/04/2027		100	0	0	0	0	0
Pay	1-Year BRL-CDI	11.715	Maturity	01/04/2027		100	0	0	0	0	0
Pay	1-Year BRL-CDI	11.870	Maturity	01/04/2027		300	0	1	1	0	0
Pay	3-Month ZAR-JIBAR	8.410	Quarterly	07/31/2028	ZAR	400	0	0	0	0	0
Pay	3-Month ZAR-JIBAR	8.415	Quarterly	07/31/2028		400	0	0	0	0	0
Pay	3-Month ZAR-JIBAR	8.420	Quarterly	07/31/2028		1,300	0	(1)	(1)	0	0
Pay	3-Month ZAR-JIBAR	8.428	Quarterly	07/31/2028		900	0	(1)	(1)	0	0
Pay	3-Month ZAR-JIBAR	8.426	Quarterly	08/01/2028		500	0	0	0	0	0
Pay	3-Month ZAR-JIBAR	8.460	Quarterly	08/01/2028		900	0	(1)	(1)	0	0
Pay	3-Month ZAR-JIBAR	8.460	Quarterly	08/02/2028		900	0	(1)	(1)	0	0
Pay	3-Month ZAR-JIBAR	8.464	Quarterly	08/02/2028		900	0	(1)	(1)	0	0
Pay	3-Month ZAR-JIBAR	8.550	Quarterly	08/03/2028		900	0	(1)	(1)	0	0
Pay	3-Month ZAR-JIBAR	8.380	Quarterly	08/04/2028		400	0	0	0	0	0
Pay	3-Month ZAR-JIBAR	8.410	Quarterly	08/04/2028		1,100	0	(1)	(1)	0	0
Pay	3-Month ZAR-JIBAR	8.415	Quarterly	08/04/2028		400	0	0	0	0	0
Pay	3-Month ZAR-JIBAR	8.421	Quarterly	08/04/2028		500	0	0	0	0	0
Pay	3-Month ZAR-JIBAR	8.543	Quarterly	08/04/2028		500	0	0	0	0	0
Pay	3-Month ZAR-JIBAR	8.360	Quarterly	08/07/2028		900	0	(1)	(1)	0	0
Pay	3-Month ZAR-JIBAR	8.400	Quarterly	08/07/2028		900	0	(1)	(1)	0	0
Pay	3-Month ZAR-JIBAR	8.410	Quarterly	08/07/2028		200	0	0	0	0	0
Pay	6-Month AUD-BBR-BBSW	2.750	Semi-Annual	06/17/2026	AUD	5,080	483	(646)	(163)	0	(5)
Receive	6-Month AUD-BBR-BBSW	3.000	Semi-Annual	03/21/2027		80	(9)	11	2	0	0
Pay	6-Month AUD-BBR-BBSW	4.500	Semi-Annual	09/20/2033		1,300	(3)	(14)	(17)	0	(7)
Pay	6-Month EUR-EURIBOR	2.100	Annual	04/05/2024	EUR	800	(2)	(5)	(7)	0	0
Pay	6-Month EUR-EURIBOR	2.100	Annual	04/06/2024		400	(1)	(3)	(4)	0	0
Pay	6-Month EUR-EURIBOR	2.100	Annual	04/11/2024		300	(1)	(2)	(3)	0	0
Pay	6-Month EUR-EURIBOR	2.100	Annual	04/13/2024		600	(1)	(5)	(6)	0	0
Pay	6-Month EUR-EURIBOR	2.250	Annual	04/26/2024		300	(1)	(1)	(2)	0	0
Pay	6-Month EUR-EURIBOR	2.250	Annual	04/28/2024		300	(1)	(1)	(2)	0	0
Pay	6-Month EUR-EURIBOR	2.250	Annual	05/03/2024		300	(1)	(1)	(2)	0	0
Pay	6-Month EUR-EURIBOR	2.100	Annual	05/16/2024		400	(1)	(3)	(4)	0	0
Pay	6-Month EUR-EURIBOR	2.100	Annual	05/17/2024		300	(1)	(2)	(3)	0	0
Receive	6-Month EUR-EURIBOR	0.150	Annual	03/18/2030		800	(2)	174	172	0	0
Pay	6-Month EUR-EURIBOR	2.000	Annual	09/21/2032		680	8	(84)	(76)	0	0
Pay(6)	6-Month EUR-EURIBOR	3.300	Annual	10/03/2033		100	0	(1)	(1)	0	(1)
Receive(6)	6-Month EUR-EURIBOR	3.000	Annual	03/20/2034		1,000	10	19	29	1	0
Receive(6)	6-Month EUR-EURIBOR	0.830	Annual	12/09/2052		1,500	9	103	112	0	(5)
Receive	28-Day MXN-TIIE	8.675	Lunar	04/03/2024		8,800	0	8	8	0	0
Receive	28-Day MXN-TIIE	8.660	Lunar	04/04/2024		3,700	0	3	3	0	0
Receive	28-Day MXN-TIIE	8.750	Lunar	04/05/2024		3,600	0	3	3	0	0
Pay	28-Day MXN-TIIE	5.990	Lunar	01/30/2026		4,300	9	(32)	(23)	0	0

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Pay		28-Day MXN-TIIE		6.080	Lunar		03/10/2026			15,500				35				(118)						(83)			1					0
Pay		28-Day MXN-TIIE		6.490	Lunar		09/08/2026			30,000				97				(260)						(163)			3					0
Receive		28-Day MXN-TIIE		8.410	Lunar		03/31/2027			1,000				0				3						3			0					0
Receive		28-Day MXN-TIIE		8.730	Lunar		04/06/2027			1,500				0				3						3			0					0
Receive		28-Day MXN-TIIE		7.984	Lunar		12/10/2027			2,900				(22)				32						10			0					(1)
Receive		28-Day MXN-TIIE		8.005	Lunar		12/21/2027			11,400				(86)				126						40			0					(2)
Receive		28-Day MXN-TIIE		7.800	Lunar		12/28/2027			1,200				(8)				13						5			0					0
Receive		28-Day MXN-TIIE		7.910	Lunar		12/30/2027			700				(5)				8						3			0					0
Receive		28-Day MXN-TIIE		8.030	Lunar		01/31/2028			2,000				(15)				22						7			0					(1)
Receive		28-Day MXN-TIIE		8.050	Lunar		01/31/2028			1,900				(15)				21						6			0					(1)
Pay		28-Day MXN-TIIE		8.300	Lunar		06/16/2028			1,300				(1)				(3)						(4)			0					0
Pay		28-Day MXN-TIIE		8.512	Lunar		07/24/2028			2,300				0				(6)						(6)			1					0
Pay		28-Day MXN-TIIE		8.444	Lunar		07/25/2028			3,000				0				(8)						(8)			1					0
Pay		28-Day MXN-TIIE		8.471	Lunar		07/26/2028			1,500				0				(4)						(4)			0					0
Pay		28-Day MXN-TIIE		8.550	Lunar		07/27/2028			800				0				(2)						(2)			0					0
Pay		28-Day MXN-TIIE		8.556	Lunar		07/27/2028			4,600				0				(11)						(11)			1					0
Pay		28-Day MXN-TIIE		8.620	Lunar		07/28/2028			800				0				(2)						(2)			0					0
Pay		28-Day MXN-TIIE		8.636	Lunar		07/28/2028			1,600				0				(3)						(3)			0					0
Pay		28-Day MXN-TIIE		8.640	Lunar		07/28/2028			300				0				(1)						(1)			0					0
Pay		28-Day MXN-TIIE		8.650	Lunar		07/28/2028			900				0				(2)						(2)			0					0
Pay		28-Day MXN-TIIE		8.660	Lunar		07/28/2028			800				0				(2)						(2)			0					0
Pay		28-Day MXN-TIIE		8.600	Lunar		07/31/2028			1,300				0				(3)						(3)			0					0
Receive		28-Day MXN-TIIE		7.495	Lunar		01/14/2032			700				3				2						5			0					0
Receive		28-Day MXN-TIIE		7.498	Lunar		01/15/2032			2,900				12				7						19			0					(1)
Receive		28-Day MXN-TIIE		8.732	Lunar		03/30/2032			700				0				2						2			0					0
Receive		28-Day MXN-TIIE		8.701	Lunar		03/31/2032			1,700				0				4						4			0					(1)
Pay		28-Day MXN-TIIE		7.165	Lunar		09/06/2032			400				2				(5)						(3)			0					0
Pay		28-Day MXN-TIIE		7.380	Lunar		08/14/2037			100				1				(2)						(1)			0					0
Pay		28-Day MXN-TIIE		7.360	Lunar		08/21/2037			100				1				(2)						(1)			0					0
Receive		28-Day MXN-TIIE		8.103	Lunar		01/04/2038			900				(9)				15						6			0					0
Pay(6)		CAONREPO Index		3.750	Semi-Annual		12/20/2025		CAD	1,200				(20)				1						(19)			1					0
Pay		UKRPI		4.000	Maturity		09/15/2031		GBP	100				0				(18)						(18)			0					0
Pay		UKRPI		4.140	Maturity		10/15/2031			100				0				(16)						(16)			0					0
Pay		UKRPI		4.250	Maturity		11/15/2031			100				(1)				(13)						(14)			1					0
											$		(608)			$	3,555				$		2,947		$	65				$	(91)
Total Swap Agreements											$		(510)			$	3,593				$		3,083		$	66				$	(107)
(l)	Securities with an aggregate market value of $879 and cash of $1,785 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of September 30, 2023.
(1)	Unsettled variation margin liability of $(5) for closed futures and unsettled variation margin asset of $1 for closed swap agreements is outstanding at period end.
(2)	If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3)	Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
(4)	The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(5)	The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
(6)	This instrument has a forward starting effective date.
(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
AZD			03/2024			CNH		1,648				$			229					$		1						$	0
BOA			11/2023			$		81				BRL			405							0							(1)
			11/2023					2				CLP			1,340							0							0
			11/2023			ZAR		134				$			7							0							0
			12/2023			JPY		88,700							612							11							0
			12/2023			KRW		110,299							83							1							0
			12/2023			TWD		2,158							68							1							0
			12/2023			$		96				INR			7,959							0							0
			03/2024			CNH		2,640				$			365							0							(1)
			03/2024			IDR		78,103							5							0							0
BPS			10/2023			EUR		165							176							2							0
			10/2023			PEN		11							3							0							0
			10/2023			$		1,106				EUR			1,044							0							(3)
			10/2023					3,953				GBP			3,250							12							0
			10/2023					193				JPY			28,000							0							(6)
			10/2023			ZAR		4,516				$			243							4							0
			11/2023			CAD		2,323							1,733							22							0
			11/2023			EUR		1,044							1,108							3							0

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

	11/2023	GBP	3,250		3,954			0			(13)
	11/2023	KRW	67,480		50			0			0
	11/2023	TWD	358		11			0			0
	12/2023	KRW	193,216		146			2			0
	12/2023	TWD	5		0			0			0
	03/2024	CNH	1,605		223			1			0
	03/2024	$	130	IDR	1,987,616			0			(1)
BRC	10/2023	JPY	20,000	$	145			11			0
	12/2023		168,000		1,157			20			0
	12/2023	TWD	2,185		69			1			0
CBK	10/2023	BRL	675		135			1			0
	10/2023	MXN	1,995		115			0			0
	10/2023	PEN	33		9			0			0
	10/2023	$	141	BRL	675			0			(7)
	10/2023		22	ZAR	392			0			(1)
	11/2023	CAD	331	$	246			2			0
	11/2023	CLP	176,856		206			8			0
	11/2023	PEN	713		192			4			0
	11/2023	$	213	PEN	791			0			(4)
	12/2023	JPY	33,300	$	229			4			0
	12/2023	MXN	249		14			0			0
	12/2023	TWD	3,079		97			1			0
	12/2023	$	1	MXN	18			0			0
DUB	10/2023	JPY	51,032	$	343			2			0
	11/2023		70,000		484			13			0
	11/2023	$	343	JPY	50,790			0			(2)
	12/2023	KRW	73,539	$	55			1			0
	12/2023	$	209	CLP	187,490			0			0
	03/2024	CNH	1,532	$	213			1			0
	03/2024	$	100	IDR	1,539,672			0			(1)
FAR	10/2023	BRL	1,448	$	298			10			0
	10/2023	$	289	BRL	1,448			0			(1)
	11/2023		298		1,454			0			(10)
GLM	10/2023	MXN	5,341	$	309			3			0
	11/2023	TWD	2,154		68			1			0
	11/2023	$	2,364	BRL	11,855			0			(16)
	12/2023		789	MXN	13,696			0			(13)
	03/2024	CNH	718	$	99			0			0
	03/2024	$	40	IDR	613,822			0			0
IND	11/2023	JPY	100,000	$	693			18			0
JPM	10/2023	$	498	MXN	8,741			3			0
	11/2023		0		5			0			0
	12/2023	TWD	14,582	$	461			7			0
	12/2023	$	234	INR	19,414			0			(1)
MBC	10/2023	EUR	879	$	950			21			0
	10/2023	GBP	3,250		4,077			111			0
	10/2023	JPY	30,000		220			19			0
	10/2023	$	41	EUR	39			0			0
	10/2023	ZAR	117	$	6			0			0
	02/2024	CNY	224		31			0			0
	03/2024	TWD	5,078		161			1			0
MYI	10/2023	ZAR	122		6			0			0
	11/2023	TWD	1,030		33			0			0
	11/2023	$	219	JPY	32,479			0			(1)
	12/2023	KRW	322,734	$	243			4			0
	12/2023	TWD	1,593		51			1			0
	03/2024	CNH	1,573		218			1			0
	03/2024	$	345	IDR	5,314,916			0			(3)
NGF	10/2023	JPY	186,726	$	1,256			7			0
	11/2023	$	1,256	JPY	185,841			0			(7)
	12/2023		339	INR	27,977			0			(4)
	03/2024	TWD	2,802	$	89			1			0
RBC	10/2023	$	1,672	JPY	242,305			0			(50)
	11/2023	CAD	60	$	45			0			0
SCX	10/2023	BRL	476		95			0			0
	10/2023	$	100	BRL	476			0			(5)
	12/2023	TWD	2,865	$	91			1			0
	12/2023	$	120	INR	10,036			0			0
	12/2023		0	KRW	59			0			0
	03/2024	CNH	1,544	$	213			0			0
	03/2024	$	26	IDR	400,581			0			0
SSB	10/2023		61	BRL	294			0			(2)
	12/2023		18	INR	1,486			0			0
UAG	10/2023	AUD	15	$	9			0			0
	10/2023	$	42	ZAR	803			1			0
	12/2023	KRW	76,964	$	58			1			0
Total Forward Foreign Currency Contracts						$	340		$	(153)

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

WRITTEN OPTIONS:
INTEREST RATE SWAPTIONS
Counterparty	Description	Floating Rate Index	Pay/Receive Floating Rate	Exercise Rate	Expiration Date	Notional Amount(1)		Premiums (Received)		Market Value
BOA	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.150%	12/01/2023	200	$	(1)	$	0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.650	12/01/2023	200		(1)		(3)
BPS	Call - OTC 5-Year Interest Rate Swap	6-Month EUR-EURIBOR	Receive	3.100	10/16/2023	100		0		0
	Put - OTC 5-Year Interest Rate Swap	6-Month EUR-EURIBOR	Pay	3.400	10/16/2023	100		0		0
BRC	Call - OTC 5-Year Interest Rate Swap	6-Month EUR-EURIBOR	Receive	3.080	10/12/2023	100		0		0
	Put - OTC 5-Year Interest Rate Swap	6-Month EUR-EURIBOR	Pay	3.380	10/12/2023	100		0		0
	Call - OTC 5-Year Interest Rate Swap	6-Month EUR-EURIBOR	Receive	3.230	10/27/2023	100		0		0
	Put - OTC 5-Year Interest Rate Swap	6-Month EUR-EURIBOR	Pay	3.480	10/27/2023	100		0		0
CBK	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.690	04/02/2024	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.690	04/02/2024	100		(1)		(2)
	Call - OTC 5-Year Interest Rate Swap	6-Month EUR-EURIBOR	Receive	3.230	10/23/2023	100		0		0
	Put - OTC 5-Year Interest Rate Swap	6-Month EUR-EURIBOR	Pay	3.480	10/23/2023	100		0		0
	Call - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.725	10/05/2023	100		0		0
	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	4.175	10/05/2023	100		0		(1)
DUB	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.920	10/13/2023	200		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.920	10/13/2023	200		(1)		(5)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.790	04/08/2024	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.790	04/08/2024	100		(1)		(2)
FAR	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.688	04/02/2024	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.688	04/02/2024	100		(1)		(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.781	04/05/2024	200		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.781	04/05/2024	200		(1)		(4)
GLM	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.920	10/13/2023	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.920	10/13/2023	100		(1)		(3)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.018	10/20/2023	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.018	10/20/2023	100		(1)		(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.140	10/23/2023	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.140	10/23/2023	100		(1)		(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.190	10/23/2023	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.190	10/23/2023	100		(1)		(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.225	10/23/2023	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.225	10/23/2023	100		(1)		(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.973	10/25/2023	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.973	10/25/2023	100		(1)		(3)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	2.841	10/27/2023	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	2.841	10/27/2023	100		(1)		(3)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Receive	3.088	11/03/2023	100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR	Pay	3.088	11/03/2023	100		(1)		(2)

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		2.910		11/10/2023		100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		2.910		11/10/2023		100		(1)		(3)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		2.250		11/17/2023		200		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		3.750		11/17/2023		200		(1)		(3)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		2.150		11/20/2023		200		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		3.650		11/20/2023		200		(1)		(3)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		2.250		12/07/2023		200		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		3.750		12/07/2023		200		(1)		(3)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		2.697		04/02/2024		200		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		2.697		04/02/2024		200		(1)		(5)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		2.721		04/08/2024		100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		2.721		04/08/2024		100		(1)		(2)
	Call - OTC 5-Year Interest Rate Swap	6-Month EUR-EURIBOR		Receive		3.100		10/09/2023		100		0		0
	Put - OTC 5-Year Interest Rate Swap	6-Month EUR-EURIBOR		Pay		3.400		10/09/2023		100		0		0
	Call - OTC 5-Year Interest Rate Swap	6-Month EUR-EURIBOR		Receive		3.150		10/18/2023		100		0		0
	Put - OTC 5-Year Interest Rate Swap	6-Month EUR-EURIBOR		Pay		3.450		10/18/2023		100		0		0
	Call - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		3.580		10/02/2023		100		0		0
	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		4.030		10/02/2023		100		0		(2)
	Call - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		3.750		10/10/2023		100		0		0
	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		4.150		10/10/2023		100		0		(1)
	Call - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		3.820		10/18/2023		100		0		0
	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		4.220		10/18/2023		100		0		(1)
	Call - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		4.000		10/30/2023		100		0		(1)
	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		4.450		10/30/2023		100		0		(1)
JPM	Call - OTC 5-Year Interest Rate Swap	6-Month EUR-EURIBOR		Receive		3.070		10/05/2023		100		0		0
	Put - OTC 5-Year Interest Rate Swap	6-Month EUR-EURIBOR		Pay		3.370		10/05/2023		100		0		0
	Call - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		3.950		10/27/2023		100		0		0
	Put - OTC 10-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		4.450		10/27/2023		100		0		(1)
MYC	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		2.993		10/11/2023		100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		2.993		10/11/2023		100		(1)		(3)
NGF	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		3.020		11/06/2023		200		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		3.020		11/06/2023		200		(1)		(5)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		2.845		11/13/2023		200		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		2.845		11/13/2023		200		(1)		(5)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		2.785		04/08/2024		100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		2.785		04/08/2024		100		(1)		(2)
	Call - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Receive		2.835		04/08/2024		100		(1)		0
	Put - OTC 1-Year Interest Rate Swap	3-Month USD-LIBOR		Pay		2.835		04/08/2024		100		(1)		(2)
											$	(50)	$	(81)
OPTIONS ON SECURITIES
Counterparty	Description				Strike Price		Expiration Date			Notional Amount(1)		Premiums (Received)		Market Value
SAL	Put - OTC Uniform Mortgage-Backed Security, TBA 5.000% due 10/01/2053		$		95.438		10/05/2023		$	500	$	(3)	$	(6)

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Total Written Options																				$			(53)									$	(87)
SWAP AGREEMENTS:
CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - SELL PROTECTION(2)
																													Swap Agreements, at Value(5)
Counterparty		Reference Entity	Fixed Receive Rate	Payment Frequency		Maturity Date			Implied Credit Spread at September 30, 2023(3)						Notional Amount(4)				Premiums Paid/(Received)						Unrealized Appreciation/ (Depreciation)						Asset						Liability
BPS		Mexico Government International Bond	1.000%	Quarterly		06/20/2024			0.290%				$		40		$		(1)			$			1			$			0				$		0
CBK		Brazil Government International Bond	1.000	Quarterly		12/20/2024			0.435						300				(5)						7						2						0
GST		Brazil Government International Bond	1.000	Quarterly		12/20/2024			0.435						200				(3)						4						1						0
		Colombia Government International Bond	1.000	Quarterly		12/20/2027			1.883						100				(9)						6						0						(3)
		Mexico Government International Bond	1.000	Quarterly		12/20/2024			0.392						100				(1)						2						1						0
		Turkey Government International Bond	1.000	Quarterly		12/20/2024			1.779						100				(11)						10						0						(1)
MYC		Mexico Government International Bond	1.000	Quarterly		12/20/2024			0.392						100				(1)						2						1						0
		Mexico Government International Bond	1.000	Quarterly		06/20/2027			0.895						100				0						0						0						0
		Mexico Government International Bond	1.000	Quarterly		06/20/2028			1.145						100				(2)						1						0						(1)
		Mexico Government International Bond	1.000	Quarterly		12/20/2028			1.260						300				(3)						0						0						(3)
		South Africa Government International Bond	1.000	Quarterly		12/20/2026			2.004						200				(9)						3						0						(6)
																	$		(45)			$			36			$			5				$		(14)
CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION(2)
																													Swap Agreements, at Value(5)
Counterparty		Index/Tranches			Fixed Receive Rate		Payment Frequency			Maturity Date				Notional Amount(4)				Premiums Paid/(Received)						Unrealized Appreciation/ (Depreciation)						Asset						Liability
GST		CMBX.NA.AAA.10 Index			0.500%		Monthly			11/17/2059	$			4,000		$		(85)			$			57			$			0				$		(28)
MYC		CMBX.NA.AAA.13 Index			0.500		Monthly			12/16/2072				5,700				(2)						(111)						0						(113)
																	$		(87)			$			(54)			$			0				$		(141)
Total Swap Agreements																	$		(132)			$			(18)			$			5				$		(155)
(n)	Securities with an aggregate market value of $92 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2023.
(1)	Notional Amount represents the number of contracts.
(2)	If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3)	Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
(4)	The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(5)	The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1				Level 2							Level 3							Fair Value at 09/30/2023

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

Investments in Securities, at Value
Asset-Backed Securities
	Cayman Islands		$	0	$	2,213	$	0	$	2,213
	United States			0		17,948		20		17,968
Loan Participations and Assignments
	Luxembourg			0		50		0		50
	United Kingdom			0		0		266		266
	United States			0		989		223		1,212
Common Stocks
	Australia
		Consumer Staples		0		205		0		205
		Materials		0		2,439		0		2,439
	Austria
		Financials		0		289		0		289
	Belgium
		Financials		0		215		0		215
	Brazil
		Consumer Staples		300		0		0		300
		Energy		685		0		0		685
		Financials		300		0		0		300
		Materials		811		0		0		811
	Canada
		Financials		327		0		0		327
	China
		Energy		0		368		0		368
		Financials		0		1,874		0		1,874
		Health Care		0		114		0		114
		Industrials		0		125		0		125
		Information Technology		0		178		0		178
	Czech Republic
		Utilities		163		0		0		163
	Denmark
		Industrials		0		129		0		129
	France
		Financials		0		1,435		0		1,435
		Industrials		0		1,743		0		1,743
		Utilities		0		559		0		559
	Germany
		Consumer Discretionary		0		272		0		272
		Industrials		0		240		0		240
		Materials		0		273		0		273
	Greece
		Consumer Discretionary		0		110		0		110
	Indonesia
		Communication Services		0		120		0		120
		Financials		0		114		0		114
		Industrials		0		194		0		194
	Ireland
		Materials		752		0		0		752
	Italy
		Financials		0		1,211		0		1,211
		Utilities		0		406		0		406
	Japan
		Communication Services		0		794		0		794
		Consumer Discretionary		0		574		0		574
		Consumer Staples		0		783		0		783
		Health Care		0		650		0		650
		Industrials		0		1,306		0		1,306
		Information Technology		0		137		0		137
	Luxembourg
		Financials		0		0		77		77
		Industrials		0		0		58		58
	Mexico
		Consumer Staples		112		0		0		112
		Materials		361		0		0		361
	Netherlands
		Consumer Discretionary		0		1,041		0		1,041
		Financials		0		308		0		308
		Information Technology		498		0		0		498
	Norway
		Energy		0		424		0		424
	Poland
		Energy		0		191		0		191
		Financials		0		136		0		136
	Portugal
		Consumer Staples		0		155		0		155
	Singapore
		Industrials		0		158		0		158
	South Africa
		Financials		0		604		0		604
		Materials		0		106		0		106
	South Korea
		Consumer Discretionary		0		387		0		387
		Financials		0		140		0		140
	Spain
		Consumer Discretionary		0		926		0		926

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

		Financials	0	1,186	0	1,186
		Industrials	0	164	0	164
		Utilities	0	217	0	217
	Sweden
		Industrials	0	267	0	267
	Switzerland
		Consumer Discretionary	197	0	0	197
		Health Care	0	3,820	0	3,820
		Materials	0	820	0	820
	Taiwan
		Information Technology	0	2,364	0	2,364
	Turkey
		Consumer Staples	0	120	0	120
	United Kingdom
		Consumer Staples	0	1,011	0	1,011
		Financials	0	884	0	884
		Industrials	0	910	0	910
		Materials	0	880	0	880
	United States
		Communication Services	1,192	0	16	1,208
		Consumer Discretionary	808	0	0	808
		Consumer Staples	7,775	0	0	7,775
		Energy	2,760	0	0	2,760
		Financials	4,236	0	0	4,236
		Health Care	9,596	0	0	9,596
		Industrials	3,130	0	154	3,284
		Information Technology	6,988	0	0	6,988
		Materials	282	0	0	282
		Utilities	0	0	1	1
Corporate Bonds & Notes
	Bermuda
		Industrials	0	2	0	2
	Brazil
		Industrials	0	1	0	1
	Cayman Islands
		Banking & Finance	0	3	0	3
	France
		Banking & Finance	0	785	0	785
	Germany
		Banking & Finance	0	161	0	161
	Ireland
		Industrials	0	287	0	287
	Italy
		Banking & Finance	0	370	0	370
	Japan
		Industrials	0	749	0	749
	Luxembourg
		Industrials	0	185	0	185
		Utilities	0	26	0	26
	Peru
		Banking & Finance	0	25	0	25
	Switzerland
		Banking & Finance	0	1,144	0	1,144
	United Kingdom
		Banking & Finance	0	1,457	0	1,457
		Industrials	0	356	0	356
	United States
		Banking & Finance	0	292	0	292
		Industrials	0	2,153	0	2,153
		Utilities	0	1,484	0	1,484
	Venezuela
		Industrials	0	20	0	20
Non-Agency Mortgage-Backed Securities
	Ireland		0	600	0	600
	United Kingdom		0	3,337	0	3,337
	United States		0	11,841	109	11,950
Municipal Bonds & Notes
	Illinois		0	19	0	19
	Puerto Rico		0	47	0	47
Preferred Stocks
	Brazil
		Energy	804	0	0	804
		Materials	120	0	0	120
	Germany
		Industrials	0	132	0	132
	United Kingdom
		Banking & Finance	0	157	0	157
Real Estate Investment Trusts
	United States
		Real Estate	7,974	0	0	7,974
Rights
	Luxembourg
		Industrials	0	0	3	3
Sovereign Issues
	Argentina		0	317	0	317
	Mexico		0	197	0	197

Schedule of Investments PIMCO Dividend and Income Fund(Cont.) September 30, 2023 (Unaudited)

	Peru			0		3		0		3
	Romania			0		210		0		210
	South Africa			0		522		0		522
	Turkey			0		358		0		358
	Venezuela			0		5		0		5
U.S. Government Agencies
	United States			0		45,008		0		45,008
U.S. Treasury Obligations
	United States			0		17,046		0		17,046
Warrants
	Luxembourg
		Industrials		0		0		3		3
Short-Term Instruments
	Repurchase Agreements			0		989		0		989
	Japan Treasury Bills			0		3,414		0		3,414
	Argentina Treasury Bills			0		34		0		34
			$	50,171	$	149,012	$	930	$	200,113
Investments in Affiliates, at Value
Short-Term Instruments
	Central Funds Used for Cash Management Purposes		$	6,443	$	0	$	0	$	6,443
Total Investments			$	56,614	$	149,012	$	930	$	206,556
Short Sales, at Value - Liabilities
U.S. Government Agencies
United States			$	0		(567)	$	0	$	(567)
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared				11		91		0		102
Over the counter				0		345		0		345
			$	11	$	436	$	0	$	447
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared				0		(141)		0		(141)
Over the counter				0		(395)		0		(395)
			$	0	$	(536)	$	0	$	(536)
Total Financial Derivative Instruments			$	11	$	(100)	$	0	$	(89)
Totals			$	56,625	$	148,345	$	930	$	205,900
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO RAE Emerging Markets Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 100.4% ¤
COMMON STOCKS 99.2%
BRAZIL 2.7%
CONSUMER DISCRETIONARY 0.1%
Cogna Educacao SA(b)	2,102,900	$	1,113
CONSUMER STAPLES 0.3%
Natura & Co. Holding SA(b)	1,286,000		3,725
ENERGY 0.2%
Ultrapar Participacoes SA	785,365		2,929
FINANCIALS 1.8%
Banco do Brasil SA	1,193,840		11,206
Cielo SA	18,495,145		12,915
			24,121
INDUSTRIALS 0.3%
CCR SA	69,900		179
Embraer SA(b)	1,355,585		4,644
			4,823
Total Brazil			36,711
CHILE 0.7%
COMMUNICATION SERVICES 0.0%
Empresa Nacional de Telecomunicaciones SA	66,893		225
CONSUMER STAPLES 0.4%
Cencosud SA	2,102,991		3,988
Cia Cervecerias Unidas SA	139,270		884
			4,872
FINANCIALS 0.0%
Banco Santander Chile	2,186,021		101
UTILITIES 0.3%
Colbun SA	5,440,849		741
Enel Americas SA(b)	2,662,095		306
Enel Chile SA	48,994,866		2,977
			4,024
Total Chile			9,222
CHINA 27.9%
COMMUNICATION SERVICES 1.0%
China Tower Corp. Ltd. 'H'	9,958,000		951
China United Network Communications Ltd. 'A'	9,457,100		6,389
NetEase, Inc.	14,142		1,417
Tencent Music Entertainment Group ADR(b)	696,800		4,446
			13,203
CONSUMER DISCRETIONARY 2.3%
BAIC Motor Corp. Ltd. 'H'	8,891,000		2,681
Dongfeng Motor Group Co. Ltd. 'H'	1,134,000		446
Huayu Automotive Systems Co. Ltd. 'A'	79,000		203
SAIC Motor Corp. Ltd. 'A'	398,900		812
Topsports International Holdings Ltd.	3,498,000		2,645

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2023 (Unaudited)

Vipshop Holdings Ltd.(b)	1,507,854	24,141
Wuchan Zhongda Group Co. Ltd. 'A'	694,900	452
		31,380
CONSUMER STAPLES 0.1%
Hengan International Group Co. Ltd.	173,500	552
Tingyi Cayman Islands Holding Corp.	452,000	632
Uni-President China Holdings Ltd.	221,000	155
		1,339
ENERGY 6.4%
China Petroleum & Chemical Corp. 'H'	74,600,400	40,574
China Shenhua Energy Co. Ltd. 'H'	3,240,500	10,486
PetroChina Co. Ltd. 'H'	47,164,000	35,346
		86,406
FINANCIALS 13.5%
Agricultural Bank of China Ltd. 'H'	26,437,000	9,831
Bank of Beijing Co. Ltd. 'A'	860,100	546
Bank of China Ltd. 'H'	105,922,000	36,901
Bank of Communications Co. Ltd. 'H'	999,000	603
Bank of Shanghai Co. Ltd. 'A'	319,900	270
China Cinda Asset Management Co. Ltd. 'H'	28,955,000	2,909
China CITIC Bank Corp. Ltd. 'H'	2,562,000	1,189
China Construction Bank Corp. 'H'	107,270,000	60,302
China Everbright Bank Co. Ltd. 'H'	1,717,000	514
China Minsheng Banking Corp. Ltd. 'H'	3,028,000	1,034
China Pacific Insurance Group Co. Ltd. 'A'	1,388,200	3,456
Industrial & Commercial Bank of China Ltd. 'H'	59,526,000	28,551
People's Insurance Co. Group of China Ltd. 'H'	5,182,000	1,854
PICC Property & Casualty Co. Ltd. 'H'	6,852,000	8,774
Ping An Insurance Group Co. of China Ltd. 'H'	4,303,500	24,408
Shanghai Pudong Development Bank Co. Ltd. 'A'	318,000	310
		181,452
HEALTH CARE 1.0%
China Resources Pharmaceutical Group Ltd.	5,347,500	3,543
CSPC Pharmaceutical Group Ltd.	818,000	598
Shanghai Pharmaceuticals Holding Co. Ltd. 'H'	332,000	517
Sinopharm Group Co. Ltd. 'H'	3,218,400	9,331
		13,989
INDUSTRIALS 1.6%
China Communications Services Corp. Ltd. 'H'	5,884,000	2,469
China State Construction Engineering Corp. Ltd. 'A'	3,559,800	2,704
CITIC Ltd.	3,964,000	3,628
CRRC Corp. Ltd. 'H'	10,973,000	5,288
Daqin Railway Co. Ltd. 'A'	636,200	635
Fosun International Ltd.	193,000	121
Guangshen Railway Co. Ltd. 'H'	1,062,000	234
Metallurgical Corp. of China Ltd. 'H'	755,000	159
Sinopec Engineering Group Co. Ltd. 'H'	2,894,500	1,301
Sinotrans Ltd. 'H'	1,569,000	572
Sinotruk Hong Kong Ltd.	1,436,000	2,762
Weichai Power Co. Ltd. 'H'	953,000	1,292
Xiamen ITG Group Corp. Ltd. 'A'	524,900	567
		21,732
INFORMATION TECHNOLOGY 1.5%
AAC Technologies Holdings, Inc.	922,000	1,572
BYD Electronic International Co. Ltd.	561,500	2,551
FIH Mobile Ltd.(b)	10,077,000	859
Lenovo Group Ltd.	15,586,000	15,981
		20,963
MATERIALS 0.3%
Angang Steel Co. Ltd. 'H'	4,318,000	1,077
Baoshan Iron & Steel Co. Ltd. 'A'	764,400	639
Sinopec Shanghai Petrochemical Co. Ltd. 'H'	10,616,000	1,500
Xinyu Iron & Steel Co. Ltd. 'A'	464,000	261
		3,477
REAL ESTATE 0.2%
Agile Group Holdings Ltd.	1,870,000	221
Guangzhou R&F Properties Co. Ltd. 'H'(b)(d)	2,261,400	362
Jinke Properties Group Co. Ltd. 'A'	3,891,800	934
Shui On Land Ltd.	7,148,000	647

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2023 (Unaudited)

Sino-Ocean Group Holding Ltd.(d)	3,329,000	192
		2,356
Total China		376,297
GREECE 1.0%
COMMUNICATION SERVICES 0.1%
Hellenic Telecommunications Organization SA	125,072	1,824
CONSUMER DISCRETIONARY 0.1%
JUMBO SA	19,922	548
ENERGY 0.1%
Motor Oil Hellas Corinth Refineries SA	70,654	1,788
FINANCIALS 0.6%
Alpha Services & Holdings SA(b)	1,379,635	1,825
National Bank of Greece SA(b)	512,753	2,887
Piraeus Financial Holdings SA(b)	849,180	2,506
		7,218
INDUSTRIALS 0.1%
Mytilineos SA	30,027	1,105
UTILITIES 0.0%
Public Power Corp. SA(b)	28,644	287
Total Greece		12,770
HONG KONG 1.3%
FINANCIALS 0.1%
China Taiping Insurance Holdings Co. Ltd.	768,800	761
INDUSTRIALS 0.1%
Shanghai Industrial Holdings Ltd.	713,000	894
Shenzhen International Holdings Ltd.	382,000	235
		1,129
REAL ESTATE 0.1%
Poly Property Group Co. Ltd.	1,049,000	238
Shenzhen Investment Ltd.	1,528,000	244
Yuexiu Property Co. Ltd.	380,000	437
		919
UTILITIES 1.0%
Beijing Enterprises Holdings Ltd.	194,500	669
China Resources Power Holdings Co. Ltd.	3,282,000	6,245
Kunlun Energy Co. Ltd.	8,932,000	7,686
		14,600
Total Hong Kong		17,409
INDIA 17.5%
COMMUNICATION SERVICES 0.1%
Indus Towers Ltd.(b)	373,041	860
Zee Entertainment Enterprises Ltd.	76,113	242
		1,102
CONSUMER DISCRETIONARY 1.2%
Apollo Tyres Ltd.	484,758	2,148
Bajaj Auto Ltd.	22,770	1,385
Hero MotoCorp Ltd.	121,997	4,483
Mahindra & Mahindra Ltd.	355,305	6,635
Rajesh Exports Ltd.	311,159	1,878
		16,529
CONSUMER STAPLES 1.1%
ITC Ltd.	2,725,679	14,563

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2023 (Unaudited)

ENERGY 3.7%
Bharat Petroleum Corp. Ltd.	709,847	2,961
Coal India Ltd.	2,304,016	8,172
Hindustan Petroleum Corp. Ltd.(b)	1,560,715	4,791
Indian Oil Corp. Ltd.	11,027,379	12,061
Oil & Natural Gas Corp. Ltd.	6,812,397	15,683
Oil India Ltd.	960,697	3,450
Petronet LNG Ltd.	1,001,676	2,887
		50,005
FINANCIALS 4.2%
Bank of Baroda	581,585	1,493
Bank of India	2,120,714	2,785
Canara Bank	494,908	2,234
General Insurance Corp. of India	430,740	1,166
Housing & Urban Development Corp. Ltd.	857,088	945
IIFL Finance Ltd.	21,123	151
Indiabulls Housing Finance Ltd. 'L'	5,468,178	12,183
Indian Bank	113,157	576
Jammu & Kashmir Bank Ltd.	331,728	420
Power Finance Corp. Ltd.	3,231,987	9,786
Power Finance Corp. Ltd.«(b)	807,997	2,451
Punjab National Bank	3,450,568	3,321
RBL Bank Ltd.	1,271,243	3,859
REC Ltd.	2,955,920	10,211
State Bank of India	378,942	2,722
Union Bank of India Ltd.	1,180,206	1,505
		55,808
HEALTH CARE 0.4%
Aurobindo Pharma Ltd.	196,196	2,156
Glenmark Pharmaceuticals Ltd.	257,024	2,644
Lupin Ltd.	81,237	1,144
		5,944
INDUSTRIALS 1.1%
Bharat Heavy Electricals Ltd.	5,550,132	8,726
Larsen & Toubro Ltd.	129,724	4,713
Rail Vikas Nigam Ltd.	490,016	996
		14,435
INFORMATION TECHNOLOGY 0.2%
Oracle Financial Services Software Ltd.	17,227	850
Redington Ltd.	974,177	1,810
		2,660
MATERIALS 3.7%
Ambuja Cements Ltd.	103,596	528
Chambal Fertilisers & Chemicals Ltd.	100,126	333
EID Parry India Ltd.	101,448	637
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.	177,756	1,307
Jindal Saw Ltd.	384,252	1,600
Jindal Steel & Power Ltd.	846,314	7,117
National Aluminium Co. Ltd.	7,923,158	9,231
NMDC Ltd.	541,925	962
Rain Industries Ltd.	76,216	150
Steel Authority of India Ltd.	5,097,040	5,738
Tata Steel Ltd.	3,635,243	5,623
Vedanta Ltd.	6,251,151	16,663
		49,889
UTILITIES 1.8%
GAIL India Ltd.	2,932,934	4,386
Jaiprakash Power Ventures Ltd.(b)	11,598,410	1,427
NHPC Ltd.	1,235,210	784
NLC India Ltd.	180,141	292
NTPC Ltd.	3,154,775	9,312
Power Grid Corp. of India Ltd.	742,758	1,783
PTC India Ltd.	1,092,006	1,746
Reliance Infrastructure Ltd.(b)	1,064,830	2,216

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2023 (Unaudited)

Reliance Power Ltd.(b)	9,923,194	2,293
		24,239
Total India		235,174
INDONESIA 3.2%
COMMUNICATION SERVICES 0.2%
Telkom Indonesia Persero Tbk PT	10,166,600	2,465
CONSUMER STAPLES 0.2%
Gudang Garam Tbk PT	440,600	701
Hanjaya Mandala Sampoerna Tbk PT	13,049,500	730
Japfa Comfeed Indonesia Tbk PT	2,912,600	242
Unilever Indonesia Tbk PT	3,321,000	804
		2,477
ENERGY 1.0%
Adaro Energy Indonesia Tbk PT	25,744,300	4,735
AKR Corporindo Tbk PT	10,764,700	1,075
Bukit Asam Tbk PT	5,917,800	1,070
Indo Tambangraya Megah Tbk PT	2,542,600	4,767
United Tractors Tbk PT	1,319,700	2,408
		14,055
FINANCIALS 1.0%
Bank Mandiri Persero Tbk PT	26,292,700	10,234
Bank Negara Indonesia Persero Tbk PT	2,295,100	1,531
Bank Rakyat Indonesia Persero Tbk PT	5,118,500	1,728
		13,493
HEALTH CARE 0.1%
Kalbe Farma Tbk PT	10,302,700	1,168
INDUSTRIALS 0.3%
Astra International Tbk PT	12,657,100	5,084
MATERIALS 0.2%
Indocement Tunggal Prakarsa Tbk PT	2,328,200	1,497
Semen Indonesia Persero Tbk PT	2,502,778	1,039
		2,536
UTILITIES 0.2%
Perusahaan Gas Negara Tbk PT	27,238,600	2,419
Total Indonesia		43,697
MALAYSIA 1.8%
COMMUNICATION SERVICES 0.1%
Astro Malaysia Holdings Bhd.	1,735,600	170
Telekom Malaysia Bhd.	903,600	942
		1,112
CONSUMER DISCRETIONARY 0.1%
Genting Bhd	1,640,400	1,455
ENERGY 0.0%
Petronas Dagangan Bhd.	127,700	609
FINANCIALS 0.7%
Alliance Bank Malaysia Bhd.	546,200	393
AMMB Holdings Bhd.	1,510,500	1,189
Hong Leong Financial Group Bhd.	83,200	314
Malayan Banking Bhd.	2,975,000	5,565
Public Bank Bhd.	1,160,000	1,002
RHB Bank Bhd.	833,800	964
		9,427
HEALTH CARE 0.1%
Hartalega Holdings Bhd.	1,190,000	504
Kossan Rubber Industries Bhd.	490,200	138
Supermax Corp. Bhd.	1,104,800	195

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2023 (Unaudited)

Top Glove Corp. Bhd.(b)	6,575,400	1,083
		1,920
INDUSTRIALS 0.4%
Capital A Bhd.(b)	16,611,100	3,426
IJM Corp. Bhd.	2,110,500	835
MISC Bhd.	457,200	689
Sime Darby Bhd.	341,500	160
		5,110
UTILITIES 0.4%
Petronas Gas Bhd.	147,800	530
Tenaga Nasional Bhd.	1,561,900	3,322
YTL Corp. Bhd.	800,000	259
YTL Power International Bhd.	1,333,096	581
		4,692
Total Malaysia		24,325
MEXICO 3.3%
COMMUNICATION SERVICES 0.0%
Megacable Holdings SAB de CV	14,539	32
CONSUMER DISCRETIONARY 0.0%
Nemak SAB de CV(b)	3,123,100	600
CONSUMER STAPLES 0.3%
Gruma SAB de CV 'B'	57,431	984
Grupo Bimbo SAB de CV 'A'	391,475	1,887
Kimberly-Clark de Mexico SAB de CV 'A'	331,300	660
		3,531
FINANCIALS 0.2%
Grupo Financiero Inbursa SAB de CV(b)	1,329,998	2,615
INDUSTRIALS 0.3%
Alfa SAB de CV 'A'	5,687,941	3,701
MATERIALS 2.5%
Alpek SAB de CV	1,049,000	900
Cemex SAB de CV(b)	46,619,692	30,416
Orbia Advance Corp. SAB de CV	1,102,500	2,291
		33,607
Total Mexico		44,086
NETHERLANDS 0.0%
REAL ESTATE 0.0%
NEPI Rockcastle NV	85,685	471
Total Netherlands		471
PHILIPPINES 0.4%
COMMUNICATION SERVICES 0.1%
PLDT, Inc.	82,640	1,714
ENERGY 0.1%
Semirara Mining & Power Corp.	2,076,100	1,280
INDUSTRIALS 0.2%
Alliance Global Group, Inc.	4,489,100	978
DMCI Holdings, Inc.	7,180,600	1,321
		2,299
UTILITIES 0.0%
Aboitiz Power Corp.	383,000	227

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2023 (Unaudited)

Total Philippines		5,520
POLAND 1.1%
FINANCIALS 0.9%
Bank Polska Kasa Opieki SA	121,633	2,797
Powszechna Kasa Oszczednosci Bank Polski SA(b)	266,273	2,106
Powszechny Zaklad Ubezpieczen SA	604,648	5,711
Santander Bank Polska SA(b)	22,912	1,881
		12,495
UTILITIES 0.2%
PGE Polska Grupa Energetyczna SA(b)	1,365,186	2,335
Tauron Polska Energia SA(b)	157,675	129
		2,464
Total Poland		14,959
QATAR 0.0%
COMMUNICATION SERVICES 0.0%
Ooredoo QPSC	67,621	199
Total Qatar		199
RUSSIA 0.0%
COMMUNICATION SERVICES 0.0%
Mobile TeleSystems PJSC«(d)	290,070	0
Rostelecom PJSC«(b)(d)	341,490	0
Sistema PJSFC«	1,963,160	0
		0
CONSUMER STAPLES 0.0%
Magnit PJSC«(b)	11,659	0
ENERGY 0.0%
Gazprom PJSC«	3,725,600	0
LUKOIL PJSC«	254,140	0
		0
FINANCIALS 0.0%
Sberbank of Russia PJSC«	4,916,745	0
VTB Bank PJSC«(b)	23,863,615,853	24
		24
MATERIALS 0.0%
Alrosa PJSC«	2,122,120	0
Magnitogorsk Iron & Steel Works PJSC«	6,974,129	0
MMC Norilsk Nickel PJSC«	3,797	0
Novolipetsk Steel PJSC«	3,113,725	0
Severstal PAO^«(a)(b)	339,609	0
		0
UTILITIES 0.0%
Federal Grid Co. - Rosseti PJSC«(b)	591,291,707	1
Inter RAO UES PJSC«	15,264,000	0
Unipro PJSC«	3,938,000	0
		1
Total Russia		25
SAUDI ARABIA 0.2%
COMMUNICATION SERVICES 0.2%
Saudi Telecom Co.	290,120	2,910
CONSUMER DISCRETIONARY 0.0%
Jarir Marketing Co.	55,132	213
UTILITIES 0.0%
Saudi Electricity Co.	10,202	52

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2023 (Unaudited)

Total Saudi Arabia		3,175
SOUTH AFRICA 4.1%
COMMUNICATION SERVICES 0.7%
MTN Group Ltd.	957,584	5,707
MultiChoice Group	201,773	789
Telkom SA SOC Ltd.(b)	1,300,108	1,597
Vodacom Group Ltd.	319,580	1,785
		9,878
CONSUMER DISCRETIONARY 0.5%
Motus Holdings Ltd.	253,962	1,261
Truworths International Ltd.(d)	727,227	2,938
Woolworths Holdings Ltd.	523,122	1,874
		6,073
CONSUMER STAPLES 0.6%
AVI Ltd.	324,930	1,280
Bid Corp. Ltd.	50,394	1,124
Shoprite Holdings Ltd.	293,217	3,714
SPAR Group Ltd.	69,159	425
Tiger Brands Ltd.	250,029	2,030
		8,573
FINANCIALS 1.4%
Absa Group Ltd.	488,176	4,499
Momentum Metropolitan Holdings	2,066,329	2,157
Nedbank Group Ltd.	380,408	4,065
Old Mutual Ltd.	1,907,558	1,215
Standard Bank Group Ltd.	736,572	7,147
		19,083
HEALTH CARE 0.2%
Life Healthcare Group Holdings Ltd.	850,746	910
Netcare Ltd.	2,383,082	1,699
		2,609
INDUSTRIALS 0.2%
Barloworld Ltd.	296,077	1,358
Bidvest Group Ltd.	43,697	630
		1,988
MATERIALS 0.5%
Gold Fields Ltd.	323,650	3,508
Kumba Iron Ore Ltd.	26,458	635
Sappi Ltd.	345,961	805
Sibanye Stillwater Ltd.	1,555,620	2,388
		7,336
Total South Africa		55,540
SOUTH KOREA 13.2%
COMMUNICATION SERVICES 1.5%
KT Corp.	747,433	18,405
LG Uplus Corp.	221,353	1,700
		20,105
CONSUMER DISCRETIONARY 2.9%
Hankook Tire & Technology Co. Ltd.	85,622	2,505
Hyundai Department Store Co. Ltd.	2,790	131
Hyundai Mobis Co. Ltd.	27,959	4,976
Kia Corp.	200,343	12,059
LG Electronics, Inc.	219,097	16,348
Lotte Shopping Co. Ltd.	38,037	2,010
Shinsegae, Inc.	3,142	442
		38,471
CONSUMER STAPLES 0.6%
Amorepacific Group	39,152	883

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2023 (Unaudited)

KT&G Corp.	105,132	6,714
		7,597
FINANCIALS 1.1%
DB Insurance Co. Ltd.	69,015	4,573
Hanwha Life Insurance Co. Ltd.	1,332,409	2,813
Hyundai Marine & Fire Insurance Co. Ltd.	178,065	4,276
Samsung Card Co. Ltd.	66,938	1,509
Samsung Fire & Marine Insurance Co. Ltd.	5,180	996
Samsung Life Insurance Co. Ltd.	26,244	1,365
		15,532
INDUSTRIALS 2.4%
CJ Corp.	21,653	1,437
CJ Logistics Corp.	4,471	268
Daewoo Engineering & Construction Co. Ltd.(b)	256,340	798
DL E&C Co. Ltd.	12,588	290
Doosan Co. Ltd.(d)	11,787	987
GS Holdings Corp.	33,439	986
Hanwha Corp.	232,355	4,121
HDC Hyundai Development Co-Engineering & Construction	15,960	121
Hyundai Engineering & Construction Co. Ltd.	279,085	7,487
Hyundai Glovis Co. Ltd.	14,358	1,960
LS Corp.	19,679	1,477
LX International Corp.	128,035	2,704
Posco International Corp.(d)	164,266	8,630
SK Networks Co. Ltd.	267,164	1,207
		32,473
INFORMATION TECHNOLOGY 0.6%
LG Display Co. Ltd.	769,368	7,467
MATERIALS 3.3%
Kolon Industries, Inc.	24,929	843
Lotte Chemical Corp.	1,858	189
POSCO Holdings, Inc.(d)	110,774	43,642
		44,674
UTILITIES 0.8%
Korea Electric Power Corp.	781,724	10,393
Korea Gas Corp.	38,974	687
		11,080
Total South Korea		177,399
TAIWAN 13.1%
COMMUNICATION SERVICES 0.1%
Chunghwa Telecom Co. Ltd.	360,000	1,294
CONSUMER DISCRETIONARY 0.5%
Cheng Shin Rubber Industry Co. Ltd.	1,768,000	2,329
China Motor Corp.	1,145,000	3,461
Pou Chen Corp.	1,501,000	1,334
		7,124
CONSUMER STAPLES 0.4%
President Chain Store Corp.	157,308	1,279
Uni-President Enterprises Corp.	1,961,000	4,262
		5,541
FINANCIALS 0.1%
Shanghai Commercial & Savings Bank Ltd.	301,552	404
INFORMATION TECHNOLOGY 12.0%
Acer, Inc.	3,937,000	4,436
Asustek Computer, Inc.	674,337	7,673
AUO Corp.	3,885,000	1,974
Catcher Technology Co. Ltd.	1,003,000	5,676
Cheng Uei Precision Industry Co. Ltd.	110,000	139
Chicony Electronics Co. Ltd.	682,771	2,446
Compal Electronics, Inc.	13,123,000	12,505
Delta Electronics, Inc.	152,000	1,531
General Interface Solution Holding Ltd.	483,871	885
Gigabyte Technology Co. Ltd.	595,000	5,230
Hon Hai Precision Industry Co. Ltd.	4,091,316	13,187

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2023 (Unaudited)

Inventec Corp.	6,052,000	9,227
Largan Precision Co. Ltd.	74,750	4,952
Lite-On Technology Corp.	2,323,419	8,772
Macronix International Co. Ltd.	202,000	198
Micro-Star International Co. Ltd.	293,000	1,491
Nanya Technology Corp.	1,058,000	2,156
Novatek Microelectronics Corp.	216,000	2,836
Pegatron Corp.	5,553,000	13,183
Powertech Technology, Inc.	752,000	2,367
Primax Electronics Ltd.	1,027,000	2,203
Qisda Corp.	384,000	533
Quanta Computer, Inc.	3,931,000	29,420
Radiant Opto-Electronics Corp.	449,000	1,711
Supreme Electronics Co. Ltd.	660,002	1,127
TPK Holding Co. Ltd.	107,000	112
Tripod Technology Corp.	334,000	1,995
Wistron Corp.	6,917,515	21,907
WPG Holdings Ltd.	904,320	1,699
		161,571
Total Taiwan		175,934
THAILAND 4.3%
COMMUNICATION SERVICES 0.0%
Jasmine International PCL(b)	3,221,200	184
ENERGY 0.3%
IRPC PCL	15,830,700	892
Star Petroleum Refining PCL	14,166,000	3,524
		4,416
FINANCIALS 3.7%
Kasikornbank PCL	2,452,600	8,465
Kiatnakin Phatra Bank PCL(d)	192,000	291
Krung Thai Bank PCL	10,031,475	5,222
SCB PCL	7,908,900	22,217
Thanachart Capital PCL	6,053,904	8,308
Tisco Financial Group PCL	1,509,100	4,089
TMBThanachart Bank PCL	20,728,600	977
		49,569
INFORMATION TECHNOLOGY 0.0%
Cal-Comp Electronics Thailand PCL 'F'	5,206,707	231
MATERIALS 0.1%
Siam City Cement PCL	126,300	463
REAL ESTATE 0.2%
Jasmine Broadband Internet Infrastructure Fund	2,134,600	396
Land & Houses PCL	2,811,300	601
Pruksa Holding PCL	767,800	269
Sansiri PCL	29,430,500	1,363
		2,629
Total Thailand		57,492
TURKEY 3.3%
CONSUMER DISCRETIONARY 0.1%
Tofas Turk Otomobil Fabrikasi AS	178,136	1,917
CONSUMER STAPLES 0.2%
Anadolu Efes Biracilik Ve Malt Sanayii AS	153,335	591
BIM Birlesik Magazalar AS	132,797	1,329
		1,920
ENERGY 0.0%
Turkiye Petrol Rafinerileri AS	1	0
FINANCIALS 2.7%
Haci Omer Sabanci Holding AS	5,662,757	12,318
Is Yatirim Menkul Degerler AS	6,650,831	9,858

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2023 (Unaudited)

Turkiye Is Bankasi AS 'C'	15,170,529	14,207
		36,383
INDUSTRIALS 0.2%
AG Anadolu Grubu Holding AS	380,704	3,005
UTILITIES 0.1%
Enerjisa Enerji AS	940,136	1,771
		1,771
Total Turkey		44,996
UNITED ARAB EMIRATES 0.1%
FINANCIALS 0.1%
Dubai Islamic Bank PJSC	278,951	444
Emirates NBD Bank PJSC	90,066	437
		881
Total United Arab Emirates		881
Total Common Stocks (Cost $1,212,826)		1,336,282
PREFERRED STOCKS 0.6%
BRAZIL 0.5%
BANKING & FINANCE 0.3%
Banco do Estado do Rio Grande do Sul SA	1,460,300	3,576
MATERIALS 0.1%
Metalurgica Gerdau SA	464,700	1,031
UTILITIES 0.1%
Cia Energetica de Minas Gerais	632,508	1,562
Total Brazil		6,169
CHILE 0.1%
INDUSTRIALS 0.1%
Embotelladora Andina SA	576,455	1,297
Total Chile		1,297
RUSSIA 0.0%
ENERGY 0.0%
Bashneft PJSC «	31,237	0
Transneft PJSC «	810	0
		0
Total Russia		0
Total Preferred Stocks (Cost $7,827)		7,466
REAL ESTATE INVESTMENT TRUSTS 0.1%
MEXICO 0.0%
REAL ESTATE 0.0%
Fibra Uno Administracion SA de CV	474,190	790
Total Mexico		790
SOUTH AFRICA 0.1%
REAL ESTATE 0.1%
Growthpoint Properties Ltd.	745,860	416

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2023 (Unaudited)

Redefine Properties Ltd.	3,894,988		729
			1,145
Total South Africa			1,145
Total Real Estate Investment Trusts (Cost $2,347)			1,935
SHORT-TERM INSTRUMENTS 0.5%
REPURCHASE AGREEMENTS (f) 0.5%			6,744
Total Short-Term Instruments (Cost $6,744)			6,744
Total Investments in Securities (Cost $1,229,744)			1,352,427
INVESTMENTS IN AFFILIATES 3.7%
SHORT-TERM INSTRUMENTS 3.7%
MUTUAL FUNDS 3.7%
PIMCO Government Money Market Fund 5.460%(c)(d)(e)	49,708,874		49,709
Total Short-Term Instruments (Cost $49,709)			49,709
Total Investments in Affiliates (Cost $49,709)			49,709
Total Investments 104.1% (Cost $1,279,453)		$	1,402,136
Other Assets and Liabilities, net (4.1)%			(54,935)
Net Assets 100.0%		$	1,347,201

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2023 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:
* A zero balance may reflect actual amounts rounding to less than one thousand.
¤		The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.
^		Security is in default.
«		Security valued using significant unobservable inputs (Level 3).
(a)		Security is not accruing income as of the date of this report.
(b)		Security did not produce income within the last twelve months.
(c)		Institutional Class Shares of each Fund.
(d)		Securities with an aggregate market value of $46,902 were out on loan in exchange for $49,709 of cash collateral as of September 30, 2023.
(e)		Coupon represents a 7-Day Yield.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(f)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date	Maturity Date		Principal Amount		Collateralized By						Collateral (Received)				Repurchase Agreements, at Value			Repurchase Agreement Proceeds to be Received(1)
FICC			2.600%	09/29/2023	10/02/2023	$	6,744		U.S. Treasury Notes 5.000% due 08/31/2025					$		(6,879)		$		6,744	$		6,745
Total Repurchase Agreements														$		(6,879)		$		6,744	$		6,745
(1)		Includes accrued interest.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1			Level 2		Level 3				Fair Value at 09/30/2023
Investments in Securities, at Value
Common Stocks
	Brazil
		Consumer Discretionary						$		1,113	$	0	$	0			$			1,113
		Consumer Staples								3,725		0		0						3,725
		Energy								2,929		0		0						2,929
		Financials								24,121		0		0						24,121
		Industrials								4,823		0		0						4,823
	Chile
		Communication Services								225		0		0						225
		Consumer Staples								3,988		884		0						4,872
		Financials								0		101		0						101
		Utilities								3,718		306		0						4,024
	China
		Communication Services								5,863		7,340		0						13,203
		Consumer Discretionary								24,141		7,239		0						31,380
		Consumer Staples								787		552		0						1,339
		Energy								0		86,406		0						86,406
		Financials								0		181,452		0						181,452
		Health Care								0		13,989		0						13,989
		Industrials								0		21,732		0						21,732
		Information Technology								0		20,963		0						20,963
		Materials								0		3,477		0						3,477
		Real Estate								0		2,356		0						2,356
	Greece
		Communication Services								0		1,824		0						1,824
		Consumer Discretionary								548		0		0						548
		Energy								1,788		0		0						1,788
		Financials								0		7,218		0						7,218
		Industrials								0		1,105		0						1,105
		Utilities								0		287		0						287
	Hong Kong
		Financials								0		761		0						761
		Industrials								0		1,129		0						1,129
		Real Estate								0		919		0						919
		Utilities								0		14,600		0						14,600
	India
		Communication Services								0		1,102		0						1,102
		Consumer Discretionary								0		16,529		0						16,529
		Consumer Staples								0		14,563		0						14,563

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2023 (Unaudited)

	Energy	0	50,005	0	50,005
	Financials	0	53,357	2,451	55,808
	Health Care	0	5,944	0	5,944
	Industrials	0	14,435	0	14,435
	Information Technology	0	2,660	0	2,660
	Materials	0	49,889	0	49,889
	Utilities	1,746	22,493	0	24,239
Indonesia
	Communication Services	0	2,465	0	2,465
	Consumer Staples	1,431	1,046	0	2,477
	Energy	4,767	9,288	0	14,055
	Financials	0	13,493	0	13,493
	Health Care	0	1,168	0	1,168
	Industrials	0	5,084	0	5,084
	Materials	0	2,536	0	2,536
	Utilities	0	2,419	0	2,419
Malaysia
	Communication Services	0	1,112	0	1,112
	Consumer Discretionary	0	1,455	0	1,455
	Energy	609	0	0	609
	Financials	314	9,113	0	9,427
	Health Care	0	1,920	0	1,920
	Industrials	0	5,110	0	5,110
	Utilities	530	4,162	0	4,692
Mexico
	Communication Services	32	0	0	32
	Consumer Discretionary	600	0	0	600
	Consumer Staples	3,531	0	0	3,531
	Financials	2,615	0	0	2,615
	Industrials	3,701	0	0	3,701
	Materials	33,607	0	0	33,607
Netherlands
	Real Estate	471	0	0	471
Philippines
	Communication Services	0	1,714	0	1,714
	Energy	0	1,280	0	1,280
	Industrials	978	1,321	0	2,299
	Utilities	0	227	0	227
Poland
	Financials	0	12,495	0	12,495
	Utilities	0	2,464	0	2,464
Qatar
	Communication Services	199	0	0	199
Russia
	Financials	0	0	24	24
	Utilities	0	0	1	1
Saudi Arabia
	Communication Services	0	2,910	0	2,910
	Consumer Discretionary	213	0	0	213
	Utilities	0	52	0	52
South Africa
	Communication Services	8,281	1,597	0	9,878
	Consumer Discretionary	6,073	0	0	6,073
	Consumer Staples	5,263	3,310	0	8,573
	Financials	14,584	4,499	0	19,083
	Health Care	2,609	0	0	2,609
	Industrials	1,988	0	0	1,988
	Materials	1,440	5,896	0	7,336
South Korea
	Communication Services	0	20,105	0	20,105
	Consumer Discretionary	0	38,471	0	38,471
	Consumer Staples	0	7,597	0	7,597
	Financials	0	15,532	0	15,532
	Industrials	0	32,473	0	32,473
	Information Technology	0	7,467	0	7,467
	Materials	0	44,674	0	44,674
	Utilities	0	11,080	0	11,080
Taiwan
	Communication Services	0	1,294	0	1,294
	Consumer Discretionary	0	7,124	0	7,124
	Consumer Staples	0	5,541	0	5,541
	Financials	0	404	0	404
	Information Technology	0	161,571	0	161,571
Thailand
	Communication Services	0	184	0	184
	Energy	0	4,416	0	4,416
	Financials	0	49,569	0	49,569
	Information Technology	0	231	0	231
	Materials	0	463	0	463
	Real Estate	0	2,629	0	2,629
Turkey
	Consumer Discretionary	0	1,917	0	1,917
	Consumer Staples	591	1,329	0	1,920
	Financials	9,858	26,525	0	36,383
	Industrials	0	3,005	0	3,005
	Utilities	0	1,771	0	1,771

Schedule of Investments PIMCO RAE Emerging Markets Fund(Cont.) September 30, 2023 (Unaudited)

	United Arab Emirates
		Financials		0		881		0		881
Preferred Stocks
	Brazil
		Banking & Finance		3,576		0		0		3,576
		Materials		1,031		0		0		1,031
		Utilities		1,562		0		0		1,562
	Chile
		Industrials		1,297		0		0		1,297
Real Estate Investment Trusts
	Mexico
		Real Estate		790		0		0		790
	South Africa
		Real Estate		416		729		0		1,145
Short-Term Instruments
	Repurchase Agreements			0		6,744		0		6,744
			$	192,472	$	1,157,479	$	2,476	$	1,352,427
Investments in Affiliates, at Value
Short-Term Instruments
	Mutual Funds			49,709		0		0		49,709
Total Investments			$	242,181	$	1,157,479	$	2,476	$	1,402,136
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO RAE Global ex-US Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
			MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 0.1% ¤
SHORT-TERM INSTRUMENTS 0.1%
REPURCHASE AGREEMENTS (b) 0.1%		$	130
Total Short-Term Instruments (Cost $130)			130
Total Investments in Securities (Cost $130)			130
	SHARES
INVESTMENTS IN AFFILIATES 99.9%
MUTUAL FUNDS (a) 99.9%
UNITED STATES 99.9%
PIMCO RAE Emerging Markets Fund	2,172,791		20,902
PIMCO RAE International Fund	8,277,323		66,302
Total Mutual Funds (Cost $91,298)			87,204
Total Investments in Affiliates (Cost $91,298)			87,204
Total Investments 100.0% (Cost $91,428)		$	87,334
Other Assets and Liabilities, net (0.0)%			(14)
Net Assets 100.0%		$	87,320

Schedule of Investments PIMCO RAE Global ex-US Fund(Cont.) September 30, 2023 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:
* A zero balance may reflect actual amounts rounding to less than one thousand.
¤		The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.
(a)		Institutional Class Shares of each Fund.
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			2.600%	09/29/2023	10/02/2023	$	130		U.S. Treasury Notes 5.000% due 08/31/2025					$		(133)		$		130	$		130
Total Repurchase Agreements														$		(133)		$		130	$		130
(1)		Includes accrued interest.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1			Level 2		Level 3				Fair Value at 09/30/2023
Investments in Securities, at Value
Short-Term Instruments
	Repurchase Agreements							$		0	$	130	$	0			$			130
								$		0	$	130	$	0			$			130
Investments in Affiliates, at Value
Mutual Funds
	United States									87,204		0		0						87,204
Total Investments								$		87,204	$	130	$	0			$			87,334
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO RAE International Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 99.0% ¤
COMMON STOCKS 98.0%
AUSTRALIA 4.6%
CONSUMER STAPLES 0.1%
Metcash Ltd.	256,408	$	621
ENERGY 0.4%
Ampol Ltd.	66,938		1,445
Viva Energy Group Ltd.	369,833		709
			2,154
FINANCIALS 1.1%
AMP Ltd.	712,526		572
Medibank Pvt Ltd.	451,573		997
Suncorp Group Ltd.	398,594		3,551
			5,120
INDUSTRIALS 0.4%
Aurizon Holdings Ltd.	360,814		807
Brambles Ltd.	84,540		776
Downer EDI Ltd.	47,139		124
			1,707
MATERIALS 1.2%
BlueScope Steel Ltd.	63,485		786
Rio Tinto Ltd.	71,970		5,191
			5,977
UTILITIES 1.4%
AGL Energy Ltd.	942,419		6,474
Total Australia			22,053
AUSTRIA 0.4%
FINANCIALS 0.1%
Vienna Insurance Group AG Wiener Versicherung Gruppe	7,538		210
INDUSTRIALS 0.0%
Strabag SE	2,287		90
INFORMATION TECHNOLOGY 0.0%
AMS-OSRAM AG(a)	37,241		174
MATERIALS 0.3%
voestalpine AG	50,778		1,383
Total Austria			1,857
BELGIUM 0.6%
COMMUNICATION SERVICES 0.1%
Proximus SADP	57,088		464
CONSUMER STAPLES 0.1%
Etablissements Franz Colruyt NV	7,410		320
ENERGY 0.1%
Euronav NV	38,333		623
HEALTH CARE 0.2%
UCB SA	15,351		1,257

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2023 (Unaudited)

INDUSTRIALS 0.1%
bpost SA	70,263	385
Total Belgium		3,049
CANADA 8.1%
CONSUMER DISCRETIONARY 2.8%
Canadian Tire Corp. Ltd. 'A'	4,251	457
Gildan Activewear, Inc.	15,091	423
Linamar Corp.	8,100	390
Magna International, Inc.	229,867	12,319
		13,589
CONSUMER STAPLES 0.3%
George Weston Ltd.	6,361	705
Loblaw Cos., Ltd.	5,600	476
		1,181
ENERGY 1.6%
Suncor Energy, Inc.	228,641	7,863
FINANCIALS 0.9%
CI Financial Corp.(c)	71,451	813
Manulife Financial Corp.	75,300	1,376
Onex Corp.	6,110	359
Sun Life Financial, Inc.	34,053	1,662
		4,210
HEALTH CARE 0.3%
Bausch Health Cos., Inc.(a)	183,100	1,510
INDUSTRIALS 0.4%
Finning International, Inc.	46,400	1,368
SNC-Lavalin Group, Inc.(e)	10,900	364
		1,732
INFORMATION TECHNOLOGY 1.0%
Celestica, Inc.(a)	88,942	2,177
CGI, Inc.(a)	20,400	2,011
Open Text Corp.	15,800	554
		4,742
MATERIALS 0.6%
B2Gold Corp.	73,400	211
Kinross Gold Corp.	342,900	1,563
Lundin Mining Corp.	115,400	860
Methanex Corp.	6,300	284
		2,918
UTILITIES 0.2%
Atco Ltd. 'I'	45,381	1,149
Total Canada		38,894
DENMARK 0.9%
CONSUMER DISCRETIONARY 0.2%
Pandora AS	9,930	1,025
CONSUMER STAPLES 0.1%
Carlsberg AS 'B'	2,642	333
Schouw & Co. AS	1,945	129
		462
HEALTH CARE 0.2%
H Lundbeck AS	144,916	780
H Lundbeck AS 'A'	315	2
		782
INDUSTRIALS 0.4%
ISS AS	121,254	1,863

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2023 (Unaudited)

Total Denmark		4,132
FINLAND 1.9%
CONSUMER DISCRETIONARY 0.1%
Nokian Renkaat Oyj	66,168	520
CONSUMER STAPLES 0.1%
Kesko Oyj 'B'	29,099	521
FINANCIALS 0.8%
Nordea Bank Abp	342,546	3,756
HEALTH CARE 0.1%
Orion Oyj 'B'	6,068	238
INDUSTRIALS 0.2%
Wartsila Oyj Abp	102,475	1,162
INFORMATION TECHNOLOGY 0.5%
Nokia Oyj	696,619	2,619
UTILITIES 0.1%
Fortum Oyj	31,147	361
Total Finland		9,177
FRANCE 5.6%
COMMUNICATION SERVICES 0.3%
Orange SA	103,083	1,182
CONSUMER DISCRETIONARY 1.0%
Renault SA	104,514	4,276
Valeo SE	38,081	654
		4,930
CONSUMER STAPLES 2.1%
Carrefour SA	234,580	4,029
L'Oreal SA	14,372	5,956
		9,985
FINANCIALS 0.4%
Amundi SA	7,515	422
AXA SA	53,078	1,575
		1,997
HEALTH CARE 0.7%
Sanofi	30,698	3,296
INDUSTRIALS 1.1%
Bouygues SA	26,215	917
Cie de Saint-Gobain SA	72,603	4,345
		5,262
Total France		26,652
GERMANY 4.2%
COMMUNICATION SERVICES 0.1%
Telefonica Deutschland Holding AG	310,084	555
CONSUMER DISCRETIONARY 1.7%
Adidas AG	14,334	2,514
Bayerische Motoren Werke AG	50,995	5,180
Continental AG	6,944	488
		8,182
CONSUMER STAPLES 0.3%
Metro AG(a)	210,532	1,451

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2023 (Unaudited)

FINANCIALS 0.9%
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen	9,621	3,747
Talanx AG(a)	8,027	508
		4,255
HEALTH CARE 0.6%
Fresenius Medical Care AG & Co. KGaA	17,461	750
Fresenius SE & Co. KGaA	62,224	1,933
		2,683
INDUSTRIALS 0.0%
Knorr-Bremse AG	3,053	193
MATERIALS 0.6%
Aurubis AG	5,108	377
HeidelbergCement AG	30,143	2,334
		2,711
Total Germany		20,030
HONG KONG 2.6%
COMMUNICATION SERVICES 0.0%
PCCW Ltd.	236,000	107
CONSUMER DISCRETIONARY 0.7%
Melco Resorts & Entertainment Ltd.(a)	272,809	2,698
Skyworth Group Ltd.	1,414,215	528
Yue Yuen Industrial Holdings Ltd.	309,000	354
		3,580
CONSUMER STAPLES 0.2%
First Pacific Co. Ltd.	322,000	127
Sun Art Retail Group Ltd.	158,000	34
WH Group Ltd.	1,425,500	746
		907
INDUSTRIALS 0.1%
Hutchison Port Holdings Trust	2,422,500	416
Jardine Matheson Holdings Ltd.	3,000	139
		555
INFORMATION TECHNOLOGY 0.2%
Kingboard Holdings Ltd.	219,500	492
Kingboard Laminates Holdings Ltd.	297,500	210
		702
REAL ESTATE 1.4%
CK Asset Holdings Ltd.	343,000	1,802
Kerry Properties Ltd.	250,500	425
Sun Hung Kai Properties Ltd.	157,500	1,680
Swire Pacific Ltd. 'A'	281,000	1,893
Wharf Holdings Ltd.	334,000	836
		6,636
Total Hong Kong		12,487
ISRAEL 1.9%
COMMUNICATION SERVICES 0.3%
Bezeq The Israeli Telecommunication Corp. Ltd.	1,086,624	1,535
ENERGY 0.2%
Delek Group Ltd.	1,667	246
Oil Refineries Ltd.	1,919,281	633
Paz Ashdod Refinery Ltd.(a)	2,651	73
Paz Oil Co. Ltd.(a)	2,651	218
		1,170
FINANCIALS 0.1%
Plus500 Ltd.	12,952	218

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2023 (Unaudited)

HEALTH CARE 1.1%
Teva Pharmaceutical Industries Ltd. SP - ADR(a)	517,720	5,281
INFORMATION TECHNOLOGY 0.2%
Check Point Software Technologies Ltd.(a)	5,828	777
MATERIALS 0.0%
Israel Corp. Ltd.	638	163
REAL ESTATE 0.0%
G City Ltd.	38,061	117
Total Israel		9,261
ITALY 1.7%
COMMUNICATION SERVICES 0.1%
Telecom Italia SpA(a)	2,218,397	692
ENERGY 0.5%
Eni SpA	141,270	2,269
FINANCIALS 0.1%
Unipol Gruppo SpA	54,447	294
UnipolSai Assicurazioni SpA	32,159	77
		371
INDUSTRIALS 0.2%
Leonardo SpA	61,898	892
UTILITIES 0.8%
A2A SpA	146,278	260
Enel SpA	589,565	3,616
		3,876
Total Italy		8,100
JAPAN 26.6%
COMMUNICATION SERVICES 0.8%
Fuji Media Holdings, Inc.	11,000	118
KDDI Corp.	5,000	153
Konami Group Corp.	7,400	390
Nippon Telegraph & Telephone Corp.	2,514,600	2,976
		3,637
CONSUMER DISCRETIONARY 6.5%
Bic Camera, Inc.	8,200	61
Bridgestone Corp.	58,600	2,283
Casio Computer Co. Ltd.	26,800	224
DCM Holdings Co. Ltd.	6,500	53
EDION Corp.	88,100	871
Isuzu Motors Ltd.	191,000	2,401
Izumi Co. Ltd.	5,600	148
JTEKT Corp.	19,500	184
K's Holdings Corp.	47,200	433
Mazda Motor Corp.	418,500	4,752
Nissan Motor Co. Ltd.	998,500	4,407
Paltac Corp.	7,900	247
Panasonic Holdings Corp.	521,400	5,885
Ryohin Keikaku Co. Ltd.	38,200	494
Sega Sammy Holdings, Inc.	49,100	906
Sekisui Chemical Co. Ltd.	5,600	81
Sekisui House Ltd.	85,700	1,706
Shimamura Co. Ltd.	7,000	692
Subaru Corp.	189,600	3,687
Sumitomo Rubber Industries Ltd.	32,400	358
Tokai Rika Co. Ltd.	10,000	157
Yamada Holdings Co. Ltd.	391,900	1,205
		31,235
CONSUMER STAPLES 1.5%
Arcs Co. Ltd.	5,600	102
Coca-Cola Bottlers Japan Holdings, Inc.	9,000	118
H2O Retailing Corp.	77,200	938

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2023 (Unaudited)

Itoham Yonekyu Holdings, Inc.	14,280	387
Japan Tobacco, Inc.	119,056	2,739
Kao Corp.	22,000	816
Kewpie Corp.	3,600	58
Kose Corp.	2,500	181
Mitsubishi Shokuhin Co. Ltd.	6,500	170
Morinaga Milk Industry Co. Ltd.	3,000	113
Pola Orbis Holdings, Inc.	32,400	389
Sugi Holdings Co. Ltd.	2,700	107
Sundrug Co. Ltd.	10,600	287
Tsuruha Holdings, Inc.	5,700	383
United Super Markets Holdings, Inc.	30,500	218
		7,006
ENERGY 0.2%
Cosmo Energy Holdings Co. Ltd.	27,600	968
FINANCIALS 4.7%
Japan Post Holdings Co. Ltd.	2,070,700	16,566
Japan Post Insurance Co. Ltd.	21,400	360
MS&AD Insurance Group Holdings, Inc.	143,900	5,266
Sompo Holdings, Inc.	12,500	535
		22,727
HEALTH CARE 1.5%
Alfresa Holdings Corp.	53,400	875
Astellas Pharma, Inc.	108,000	1,495
Eisai Co. Ltd.	21,500	1,192
Medipal Holdings Corp.	97,600	1,650
Otsuka Holdings Co. Ltd.	13,600	483
Sumitomo Pharma Co. Ltd.(a)	34,600	124
Suzuken Co. Ltd.	36,400	1,126
Toho Holdings Co. Ltd.	9,400	201
		7,146
INDUSTRIALS 4.0%
AGC, Inc.	17,000	596
Amada Co. Ltd.	100,700	1,012
Dai Nippon Printing Co. Ltd.	82,000	2,134
Ebara Corp.	21,000	983
EXEO Group, Inc.	6,100	125
Furukawa Electric Co. Ltd.	13,900	221
Hanwa Co. Ltd.	5,900	187
Hino Motors Ltd.	289,400	1,104
Inabata & Co. Ltd.	28,700	600
Kajima Corp.	33,900	552
Kamigumi Co. Ltd.	2,900	60
Kandenko Co. Ltd.	24,900	229
Kinden Corp.	4,100	60
Kyudenko Corp.	2,500	78
Mitsubishi Electric Corp.	243,800	3,012
Mitsubishi Heavy Industries Ltd.	9,500	530
Nabtesco Corp.	18,500	333
Nagase & Co. Ltd.	7,600	119
Nippon Express Holdings, Inc.	6,700	350
Nisshinbo Holdings, Inc.	29,400	218
Persol Holdings Co. Ltd.	641,000	1,041
Sankyu, Inc.	1,600	55
Secom Co. Ltd.	10,800	733
Seino Holdings Co. Ltd.	12,200	171
Sohgo Security Services Co. Ltd.	17,400	105
Sumitomo Heavy Industries Ltd.	13,300	337
Taisei Corp.	40,800	1,436
TOPPAN Holdings, Inc.	20,000	478
Yamato Holdings Co. Ltd.	150,900	2,456
		19,315
INFORMATION TECHNOLOGY 3.0%
Alps Alpine Co. Ltd.	82,500	715
Azbil Corp.	1,800	55
Canon Marketing Japan, Inc.	11,900	309
Canon, Inc.	163,850	3,947
Fujitsu Ltd.	39,000	4,587
Ibiden Co. Ltd.	9,800	520
Konica Minolta, Inc.(a)	232,100	756
NEC Corp.	12,600	696
Otsuka Corp.	13,900	588
Ricoh Co. Ltd.	186,300	1,607
SCREEN Holdings Co. Ltd.	12,200	593

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2023 (Unaudited)

Seiko Epson Corp.	13,400	210
		14,583
MATERIALS 1.9%
Daicel Corp.	104,600	875
Denka Co. Ltd.	8,000	144
DIC Corp.	38,000	617
JFE Holdings, Inc.	24,800	363
Kaneka Corp.	14,600	378
Kuraray Co. Ltd.	25,600	303
Mitsubishi Chemical Group Corp.	39,400	248
Mitsui Chemicals, Inc.	23,300	604
Mitsui Mining & Smelting Co. Ltd.	12,100	307
Nippon Light Metal Holdings Co. Ltd.	17,900	201
Nippon Paper Industries Co. Ltd. 'L'	9,000	81
Nitto Denko Corp.	38,200	2,505
Resonac Holdings Corp.	15,200	254
Taiheiyo Cement Corp.	43,600	773
Toyo Seikan Group Holdings Ltd.	94,200	1,540
UBE Corp.	6,800	115
		9,308
REAL ESTATE 1.1%
Daito Trust Construction Co. Ltd.	48,700	5,130
Nomura Real Estate Holdings, Inc.	3,500	88
		5,218
UTILITIES 1.4%
Chubu Electric Power Co., Inc.	265,500	3,380
Electric Power Development Co. Ltd. 'C'	92,200	1,489
Shikoku Electric Power Co., Inc.	10,800	74
Tohoku Electric Power Co., Inc.	263,000	1,698
		6,641
Total Japan		127,784
LUXEMBOURG 0.0%
COMMUNICATION SERVICES 0.0%
RTL Group SA	4,323	148
Total Luxembourg		148
NETHERLANDS 6.3%
COMMUNICATION SERVICES 0.0%
VEON Ltd. ADR«(a)	57,744	0
CONSUMER STAPLES 3.7%
Koninklijke Ahold Delhaize NV	596,982	17,993
FINANCIALS 0.4%
NN Group NV	66,846	2,143
HEALTH CARE 0.6%
Koninklijke Philips NV(a)	140,962	2,813
INDUSTRIALS 0.7%
Randstad NV	58,800	3,248
MATERIALS 0.9%
Akzo Nobel NV	56,770	4,093
Total Netherlands		30,290
NEW ZEALAND 0.2%
COMMUNICATION SERVICES 0.1%
Spark New Zealand Ltd.	101,057	291
INDUSTRIALS 0.1%
Air New Zealand Ltd.	322,547	141

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2023 (Unaudited)

Fletcher Building Ltd.	181,609	510
		651
UTILITIES 0.0%
Contact Energy Ltd.	49,990	241
Total New Zealand		1,183
NORWAY 0.6%
COMMUNICATION SERVICES 0.3%
Telenor ASA	115,474	1,309
FINANCIALS 0.2%
DNB Bank ASA	40,286	809
INFORMATION TECHNOLOGY 0.0%
Atea ASA	14,698	184
MATERIALS 0.1%
Yara International ASA	12,332	466
Total Norway		2,768
PORTUGAL 0.5%
CONSUMER STAPLES 0.1%
Sonae SGPS SA	389,923	379
ENERGY 0.1%
Galp Energia SGPS SA	40,184	595
MATERIALS 0.1%
Navigator Co. SA	148,137	558
UTILITIES 0.2%
EDP - Energias de Portugal SA	172,077	716
Total Portugal		2,248
SINGAPORE 0.7%
COMMUNICATION SERVICES 0.3%
JOYY, Inc.	27,508	1,048
Singapore Telecommunications Ltd.	180,600	320
		1,368
INDUSTRIALS 0.3%
ComfortDelGro Corp. Ltd.	772,200	734
Jardine Cycle & Carriage Ltd.	37,100	865
		1,599
INFORMATION TECHNOLOGY 0.1%
Venture Corp. Ltd.	19,500	176
Total Singapore		3,143
SPAIN 8.0%
COMMUNICATION SERVICES 2.3%
Telefonica SA	2,696,107	11,014
ENERGY 0.3%
Repsol SA	91,002	1,497
FINANCIALS 3.9%
Banco Bilbao Vizcaya Argentaria SA	1,120,583	9,069
Banco Santander SA	2,133,746	8,125
Mapfre SA	800,337	1,629
		18,823
INDUSTRIALS 0.5%
ACS Actividades de Construccion y Servicios SA	59,164	2,127

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2023 (Unaudited)

UTILITIES 1.0%
Endesa SA	87,081	1,772
Naturgy Energy Group SA	116,812	3,178
		4,950
Total Spain		38,411
SWEDEN 3.9%
CONSUMER DISCRETIONARY 0.8%
Autoliv, Inc.	3,874	374
Electrolux AB 'B'	97,556	1,005
H & M Hennes & Mauritz AB 'B'	172,421	2,445
		3,824
FINANCIALS 0.5%
Swedbank AB 'A'	125,060	2,299
HEALTH CARE 0.1%
Getinge AB 'B'	24,382	428
INDUSTRIALS 2.0%
Husqvarna AB 'B'	75,303	575
Loomis AB	7,954	214
Peab AB 'B'	24,761	102
Securitas AB 'B'	179,054	1,416
Skanska AB 'B'	47,893	786
Volvo AB 'B'	326,977	6,735
		9,828
INFORMATION TECHNOLOGY 0.4%
Telefonaktiebolaget LM Ericsson 'B'(c)	411,633	2,005
MATERIALS 0.1%
Hexpol AB	42,413	376
Total Sweden		18,760
SWITZERLAND 6.1%
CONSUMER DISCRETIONARY 0.7%
Swatch Group AG	12,884	3,300
CONSUMER STAPLES 0.1%
Coca-Cola HBC AG	15,013	410
FINANCIALS 0.9%
Swiss Life Holding AG	420	262
Swiss Re AG	28,697	2,947
Zurich Insurance Group AG	2,055	940
		4,149
HEALTH CARE 1.9%
Roche Holding AG	33,944	9,267
INDUSTRIALS 1.8%
ABB Ltd.	112,260	4,007
Adecco Group AG	95,672	3,929
Kuehne & Nagel International AG	3,473	987
		8,923
MATERIALS 0.7%
Holcim AG	49,996	3,200
Total Switzerland		29,249
UNITED KINGDOM 12.6%
COMMUNICATION SERVICES 0.4%
WPP PLC	215,156	1,917
CONSUMER DISCRETIONARY 1.5%
Barratt Developments PLC	146,723	787

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2023 (Unaudited)

Berkeley Group Holdings PLC	6,082	304
Currys PLC	413,075	243
Inchcape PLC	218,384	2,011
Kingfisher PLC	387,360	1,051
Pearson PLC	89,409	943
Persimmon PLC	106,877	1,400
Taylor Wimpey PLC	241,742	345
		7,084
CONSUMER STAPLES 1.4%
Haleon PLC	389,849	1,616
Imperial Brands PLC	155,483	3,154
Marks & Spencer Group PLC(a)	630,311	1,813
		6,583
ENERGY 0.1%
Subsea 7 SA	48,282	664
FINANCIALS 1.6%
abrdn PLC	706,935	1,336
Direct Line Insurance Group PLC	710,683	1,487
M&G PLC	2,167,081	5,192
		8,015
HEALTH CARE 2.7%
GSK PLC	715,605	12,948
INDUSTRIALS 1.4%
Ferguson PLC	21,857	3,597
International Distributions Services PLC	748,385	2,377
Travis Perkins PLC	62,332	637
		6,611
MATERIALS 0.2%
Evraz PLC«(a)	238,175	0
Johnson Matthey PLC	50,365	997
UTILITIES 3.3%
Centrica PLC	7,362,048	13,847
SSE PLC	99,553	1,951
		15,798
Total United Kingdom		60,617
Total Common Stocks (Cost $392,287)		470,293
PREFERRED STOCKS 0.1%
GERMANY 0.1%
INDUSTRIALS 0.1%
Schaeffler AG	130,407	749
Total Preferred Stocks (Cost $699)		749
REAL ESTATE INVESTMENT TRUSTS 0.7%
AUSTRALIA 0.5%
REAL ESTATE 0.5%
Scentre Group	685,639	1,077
Stockland	395,222	989
Vicinity Ltd.	240,505	261
		2,327
Total Australia		2,327
CANADA 0.2%
REAL ESTATE 0.2%
H&R Real Estate Investment Trust	105,286	716

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2023 (Unaudited)

RioCan Real Estate Investment Trust(c)	26,342		350
			1,066
Total Canada			1,066
Total Real Estate Investment Trusts (Cost $3,418)			3,393
WARRANTS 0.0%
SPAIN 0.0%
INDUSTRIALS 0.0%
Abengoa SA 'B' - Exp. 03/31/2025«	226,011		0
Total Warrants (Cost $0)			0
SHORT-TERM INSTRUMENTS 0.2%
MUTUAL FUNDS 0.0%
REPURCHASE AGREEMENTS (f) 0.2%			940
Total Short-Term Instruments (Cost $940)			940
Total Investments in Securities (Cost $397,344)			475,375
INVESTMENTS IN AFFILIATES 0.7%
SHORT-TERM INSTRUMENTS 0.7%
MUTUAL FUNDS 0.7%
PIMCO Government Money Market Fund 5.460% (b)(c)(d)	3,320,490		3,321
Total Short-Term Instruments (Cost $3,321)			3,321
Total Investments in Affiliates (Cost $3,321)			3,321
Total Investments 99.7% (Cost $400,665)		$	478,696
Other Assets and Liabilities, net 0.3%			1,209
Net Assets 100.0%		$	479,905

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2023 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:
* A zero balance may reflect actual amounts rounding to less than one thousand.
¤		The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.
«		Security valued using significant unobservable inputs (Level 3).
(a)		Security did not produce income within the last twelve months.
(b)		Institutional Class Shares of each Fund.
(c)		Securities with an aggregate market value of $3,147 were out on loan in exchange for $3,320 of cash collateral as of September 30, 2023.
(d)		Coupon represents a 7-Day Yield.
(e)		RESTRICTED SECURITIES:
Issuer Description											Acquisition Date					Cost							Market Value				Market Value as Percentage of Net Assets
SNC-Lavalin Group, Inc.											05/31/2023 - 08/31/2023			$		310				$			364				0.08			%
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			2.600%	09/29/2023	10/02/2023	$	940		U.S. Treasury Notes 5.000% due 08/31/2025								$		(959)			$			940	$			940
Total Repurchase Agreements																	$		(959)			$			940	$			940
(1)		Includes accrued interest.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1				Level 2			Level 3						Fair Value at 09/30/2023
Investments in Securities, at Value
Common Stocks
	Australia
		Consumer Staples						$		0		$	621		$		0				$				621
		Energy								0			2,154				0								2,154
		Financials								0			5,120				0								5,120
		Industrials								0			1,707				0								1,707
		Materials								0			5,977				0								5,977
		Utilities								0			6,474				0								6,474
	Austria
		Financials								0			210				0								210
		Industrials								0			90				0								90
		Information Technology								0			174				0								174
		Materials								0			1,383				0								1,383
	Belgium
		Communication Services								0			464				0								464
		Consumer Staples								0			320				0								320
		Energy								623			0				0								623
		Health Care								0			1,257				0								1,257
		Industrials								385			0				0								385
	Canada
		Consumer Discretionary								13,589			0				0								13,589
		Consumer Staples								1,181			0				0								1,181
		Energy								7,863			0				0								7,863
		Financials								4,210			0				0								4,210
		Health Care								1,510			0				0								1,510
		Industrials								1,732			0				0								1,732
		Information Technology								4,742			0				0								4,742
		Materials								2,918			0				0								2,918
		Utilities								1,149			0				0								1,149
	Denmark
		Consumer Discretionary								0			1,025				0								1,025
		Consumer Staples								0			462				0								462
		Health Care								0			782				0								782
		Industrials								0			1,863				0								1,863
	Finland
		Consumer Discretionary								0			520				0								520
		Consumer Staples								0			521				0								521
		Financials								0			3,756				0								3,756
		Health Care								0			238				0								238

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2023 (Unaudited)

	Industrials	0	1,162	0	1,162
	Information Technology	0	2,619	0	2,619
	Utilities	0	361	0	361
France
	Communication Services	0	1,182	0	1,182
	Consumer Discretionary	0	4,930	0	4,930
	Consumer Staples	0	9,985	0	9,985
	Financials	0	1,997	0	1,997
	Health Care	0	3,296	0	3,296
	Industrials	0	5,262	0	5,262
Germany
	Communication Services	0	555	0	555
	Consumer Discretionary	0	8,182	0	8,182
	Consumer Staples	0	1,451	0	1,451
	Financials	0	4,255	0	4,255
	Health Care	0	2,683	0	2,683
	Industrials	0	193	0	193
	Materials	0	2,711	0	2,711
Hong Kong
	Communication Services	0	107	0	107
	Consumer Discretionary	2,698	882	0	3,580
	Consumer Staples	0	907	0	907
	Industrials	0	555	0	555
	Information Technology	0	702	0	702
	Real Estate	0	6,636	0	6,636
Israel
	Communication Services	0	1,535	0	1,535
	Energy	73	1,097	0	1,170
	Financials	218	0	0	218
	Health Care	5,281	0	0	5,281
	Information Technology	777	0	0	777
	Materials	0	163	0	163
	Real Estate	0	117	0	117
Italy
	Communication Services	0	692	0	692
	Energy	0	2,269	0	2,269
	Financials	0	371	0	371
	Industrials	0	892	0	892
	Utilities	0	3,876	0	3,876
Japan
	Communication Services	0	3,637	0	3,637
	Consumer Discretionary	0	31,235	0	31,235
	Consumer Staples	0	7,006	0	7,006
	Energy	0	968	0	968
	Financials	0	22,727	0	22,727
	Health Care	0	7,146	0	7,146
	Industrials	0	19,315	0	19,315
	Information Technology	0	14,583	0	14,583
	Materials	0	9,308	0	9,308
	Real Estate	0	5,218	0	5,218
	Utilities	0	6,641	0	6,641
Luxembourg
	Communication Services	0	148	0	148
Netherlands
	Consumer Staples	0	17,993	0	17,993
	Financials	0	2,143	0	2,143
	Health Care	0	2,813	0	2,813
	Industrials	0	3,248	0	3,248
	Materials	0	4,093	0	4,093
New Zealand
	Communication Services	0	291	0	291
	Industrials	0	651	0	651
	Utilities	0	241	0	241
Norway
	Communication Services	0	1,309	0	1,309
	Financials	0	809	0	809
	Information Technology	184	0	0	184
	Materials	0	466	0	466
Portugal
	Consumer Staples	0	379	0	379
	Energy	0	595	0	595
	Materials	0	558	0	558
	Utilities	0	716	0	716
Singapore
	Communication Services	1,048	320	0	1,368
	Industrials	0	1,599	0	1,599
	Information Technology	0	176	0	176
Spain
	Communication Services	0	11,014	0	11,014
	Energy	0	1,497	0	1,497
	Financials	0	18,823	0	18,823
	Industrials	0	2,127	0	2,127
	Utilities	0	4,950	0	4,950
Sweden
	Consumer Discretionary	374	3,450	0	3,824
	Financials	0	2,299	0	2,299

Schedule of Investments PIMCO RAE International Fund(Cont.) September 30, 2023 (Unaudited)

		Health Care		0		428		0		428
		Industrials		0		9,828		0		9,828
		Information Technology		0		2,005		0		2,005
		Materials		0		376		0		376
	Switzerland
		Consumer Discretionary		0		3,300		0		3,300
		Consumer Staples		0		410		0		410
		Financials		0		4,149		0		4,149
		Health Care		0		9,267		0		9,267
		Industrials		0		8,923		0		8,923
		Materials		0		3,200		0		3,200
	United Kingdom
		Communication Services		0		1,917		0		1,917
		Consumer Discretionary		0		7,084		0		7,084
		Consumer Staples		0		6,583		0		6,583
		Energy		0		664		0		664
		Financials		0		8,015		0		8,015
		Health Care		0		12,948		0		12,948
		Industrials		0		6,611		0		6,611
		Materials		0		997		0		997
		Utilities		0		15,798		0		15,798
Preferred Stocks
	Germany
		Industrials		0		749		0		749
Real Estate Investment Trusts
	Australia
		Real Estate		0		2,327		0		2,327
	Canada
		Real Estate		1,066		0		0		1,066
Short-Term Instruments
	Repurchase Agreements			0		940		0		940
			$	51,621	$	423,754	$	0	$	475,375
Investments in Affiliates, at Value
Short-Term Instruments
	Mutual Funds			3,321		0		0		3,321
Total Investments			$	54,942	$	423,754	$	0	$	478,696
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO RAE US Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 100.2% ¤
COMMON STOCKS 98.9%
UNITED STATES 98.9%
COMMUNICATION SERVICES 5.8%
Altice USA, Inc. 'A'(a)	243,103	$	795
AT&T, Inc.	322,821		4,849
Charter Communications, Inc. 'A'(a)	16,290		7,165
Liberty Media Corp.-Liberty SiriusXM(a)	26,936		686
Lumen Technologies, Inc.(a)	472,139		670
Meta Platforms, Inc. 'A'(a)	164,843		49,487
Omnicom Group, Inc.	22,767		1,696
			65,348
CONSUMER DISCRETIONARY 8.1%
AutoNation, Inc.(a)	14,458		2,189
Best Buy Co., Inc.	127,328		8,845
Carnival Corp.(a)	539,359		7,400
Dick's Sporting Goods, Inc.	25,339		2,751
eBay, Inc.	138,738		6,117
Foot Locker, Inc.	111,762		1,939
Gap, Inc.	359,436		3,821
Goodyear Tire & Rubber Co.(a)	69,027		858
Kohl's Corp.	529,702		11,103
Las Vegas Sands Corp.	71,654		3,285
Lennar Corp. 'A'	61,960		6,954
Macy's, Inc.	274,882		3,191
NVR, Inc.(a)	549		3,274
O'Reilly Automotive, Inc.(a)	4,453		4,047
PulteGroup, Inc.	106,121		7,858
PVH Corp.	23,491		1,797
Qurate Retail, Inc.(a)	764,792		464
Starbucks Corp.	76,397		6,973
Tapestry, Inc.	39,660		1,140
Toll Brothers, Inc.	58,680		4,340
Whirlpool Corp.	19,361		2,589
Yum! Brands, Inc.	3,798		474
			91,409
CONSUMER STAPLES 8.7%
Altria Group, Inc.	291,739		12,268
Dollar General Corp.	9,981		1,056
Kenvue, Inc.	33,443		671
Kroger Co.	436,113		19,516
Walgreens Boots Alliance, Inc.	549,668		12,225
Walmart, Inc.	328,532		52,542
			98,278
ENERGY 18.8%
Baker Hughes Co.	133,826		4,727
Exxon Mobil Corp.	416,799		49,007
Marathon Petroleum Corp.	379,419		57,421
PBF Energy, Inc. 'A'	93,176		4,988
Phillips 66	356,167		42,794
Valero Energy Corp.	367,253		52,043
World Kinect Corp.	63,945		1,434
			212,414
FINANCIALS 7.5%
Allstate Corp.	17,895		1,994
Ally Financial, Inc.	165,216		4,408
American Express Co.	8,994		1,342
Ameriprise Financial, Inc.	13,987		4,611
Aon PLC 'A'	10,512		3,408
Bank of New York Mellon Corp.	33,368		1,423
Discover Financial Services	89,397		7,744
Franklin Resources, Inc.	184,389		4,532
Genworth Financial, Inc. 'A'(a)	508,166		2,978
Navient Corp.	293,336		5,051

Schedule of Investments PIMCO RAE US Fund(Cont.) September 30, 2023 (Unaudited)

PayPal Holdings, Inc.(a)	147,981	8,651
Synchrony Financial	554,370	16,947
Travelers Cos., Inc.	36,406	5,946
Unum Group	6,055	298
Wells Fargo & Co.	384,986	15,731
		85,064
HEALTH CARE 18.0%
Amgen, Inc.	148,031	39,785
Biogen, Inc.(a)	103,624	26,632
Cardinal Health, Inc.	334,977	29,083
Cigna Group	5,349	1,530
DaVita, Inc.(a)	55,818	5,277
Elevance Health, Inc.	3,354	1,460
Gilead Sciences, Inc.	433,097	32,456
Humana, Inc.	17,574	8,550
Johnson & Johnson	54,251	8,450
McKesson Corp.	75,834	32,976
Merck & Co., Inc.	84,344	8,683
Organon & Co.	120,461	2,091
Quest Diagnostics, Inc.	25,476	3,105
Universal Health Services, Inc. 'B'	31,099	3,910
		203,988
INDUSTRIALS 2.4%
AECOM	26,961	2,239
Boeing Co.(a)	6,941	1,330
Carrier Global Corp.	76,714	4,235
Cummins, Inc.	16,572	3,786
Eaton Corp. PLC	5,993	1,278
Honeywell International, Inc.	3,431	634
ManpowerGroup, Inc.	63,487	4,655
Owens Corning	10,636	1,451
Quanta Services, Inc.	6,313	1,181
Robert Half, Inc.	19,440	1,424
Snap-on, Inc.	3,482	888
Union Pacific Corp.	18,500	3,767
		26,868
INFORMATION TECHNOLOGY 24.3%
Amdocs Ltd.	16,371	1,383
Apple, Inc.	141,416	24,212
Applied Materials, Inc.	81,718	11,314
Arrow Electronics, Inc.(a)	48,763	6,107
Avnet, Inc.	110,460	5,323
Broadcom, Inc.	23,486	19,507
Cisco Systems, Inc.	878,395	47,223
F5, Inc.(a)	7,819	1,260
Gen Digital, Inc.	145,178	2,567
Hewlett Packard Enterprise Co.	96,690	1,679
HP, Inc.	108,469	2,788
Intel Corp.	1,293,470	45,983
Jabil, Inc.	66,451	8,432
Juniper Networks, Inc.	261,423	7,265
Kyndryl Holdings, Inc.(a)	101,832	1,538
Lam Research Corp.	26,177	16,407
NetApp, Inc.	137,191	10,410
Oracle Corp.	336,681	35,661
Qorvo, Inc.(a)	61,792	5,899
Seagate Technology Holdings PLC	136,958	9,032
Teradyne, Inc.	43,528	4,373
VMware, Inc. 'A'(a)	16,912	2,816
Western Digital Corp.(a)	23,942	1,092
Xerox Holdings Corp.	172,209	2,702
		274,973
MATERIALS 1.0%
Linde PLC	11,360	4,230
Reliance Steel & Aluminum Co.	24,207	6,348
Southern Copper Corp.	7,560	569
		11,147
REAL ESTATE 0.1%
Jones Lang LaSalle, Inc.(a)	5,508	778
UTILITIES 4.2%
AES Corp.	258,203	3,925
Evergy, Inc.	142,300	7,215
Exelon Corp.	328,108	12,399

Schedule of Investments PIMCO RAE US Fund(Cont.) September 30, 2023 (Unaudited)

PPL Corp.	155,758		3,670
Southern Co.	27,694		1,792
Vistra Corp.	555,404		18,428
			47,429
Total Common Stocks (Cost $900,786)			1,117,696
REAL ESTATE INVESTMENT TRUSTS 0.5%
UNITED STATES 0.5%
REAL ESTATE 0.5%
Host Hotels & Resorts, Inc.	90,045		1,447
Iron Mountain, Inc.	27,505		1,635
Weyerhaeuser Co.	89,812		2,754
			5,836
Total Real Estate Investment Trusts (Cost $5,365)			5,836
SHORT-TERM INSTRUMENTS 0.8%
REPURCHASE AGREEMENTS (b) 0.8%			8,800
Total Short-Term Instruments (Cost $8,800)			8,800
Total Investments in Securities (Cost $914,951)			1,132,332
Total Investments 100.2% (Cost $914,951)		$	1,132,332
Other Assets and Liabilities, net (0.2)%			(2,578)
Net Assets 100.0%		$	1,129,754

Schedule of Investments PIMCO RAE US Fund(Cont.) September 30, 2023 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:
* A zero balance may reflect actual amounts rounding to less than one thousand.
¤		The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.
(a)		Security did not produce income within the last twelve months.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(b)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date	Maturity Date		Principal Amount		Collateralized By						Collateral (Received)				Repurchase Agreements, at Value			Repurchase Agreement Proceeds to be Received(1)
FICC			2.600%	09/29/2023	10/02/2023	$	8,800		U.S. Treasury Notes 5.000% due 08/31/2025					$		(8,976)		$		8,800	$		8,801
Total Repurchase Agreements														$		(8,976)		$		8,800	$		8,801
(1)		Includes accrued interest.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1			Level 2		Level 3				Fair Value at 09/30/2023
Investments in Securities, at Value
Common Stocks
	United States
		Communication Services						$		65,348	$	0	$	0			$			65,348
		Consumer Discretionary								91,409		0		0						91,409
		Consumer Staples								98,278		0		0						98,278
		Energy								212,414		0		0						212,414
		Financials								85,064		0		0						85,064
		Health Care								203,988		0		0						203,988
		Industrials								26,868		0		0						26,868
		Information Technology								274,973		0		0						274,973
		Materials								11,147		0		0						11,147
		Real Estate								778		0		0						778
		Utilities								47,429		0		0						47,429
Real Estate Investment Trusts
	United States
		Real Estate								5,836		0		0						5,836
Short-Term Instruments
	Repurchase Agreements									0		8,800		0						8,800
Total Investments								$		1,123,532	$	8,800	$	0			$			1,132,332
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO RAE US Small Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 100.2% ¤
COMMON STOCKS 92.0%
UNITED KINGDOM 4.8%
ENERGY 3.4%
TechnipFMC PLC	1,116,092	$	22,701
FINANCIALS 1.4%
Janus Henderson Group PLC	315,913		8,157
Paysafe Ltd.(a)	73,960		887
			9,044
Total United Kingdom			31,745
UNITED STATES 87.2%
COMMUNICATION SERVICES 1.5%
Cinemark Holdings, Inc.(a)	8,237		151
EchoStar Corp. 'A'(a)	27,618		463
Liberty Latin America Ltd. 'C'(a)	75,390		615
NII Holdings, Inc.«(a)	22,836		55
Scholastic Corp.	37,041		1,413
Sinclair, Inc.	38,541		432
Yelp, Inc.(a)	166,390		6,920
			10,049
CONSUMER DISCRETIONARY 21.8%
Abercrombie & Fitch Co. 'A'(a)	558,649		31,491
Academy Sports & Outdoors, Inc.	10,633		503
Acushnet Holdings Corp.	19,624		1,041
Adtalem Global Education, Inc.(a)	155,776		6,675
American Eagle Outfitters, Inc.	19,446		323
Buckle, Inc.	59,393		1,983
Caleres, Inc.	14,652		421
Carter's, Inc.	41,314		2,857
Cracker Barrel Old Country Store, Inc.	24,983		1,679
Crocs, Inc.(a)	46,596		4,111
Deckers Outdoor Corp.(a)	2,434		1,251
Dillard's, Inc. 'A'	74,276		24,571
Grand Canyon Education, Inc.(a)	23,928		2,797
Group 1 Automotive, Inc.	1,550		417
Guess?, Inc.	110,519		2,392
H&R Block, Inc.	78,887		3,397
Hanesbrands, Inc.	1,198,286		4,745
Hibbett, Inc.	40,505		1,924
International Game Technology PLC	67,745		2,054
iRobot Corp.(a)	86,571		3,281
Jack in the Box, Inc.	41,720		2,881
La-Z-Boy, Inc.	11,973		370
Laureate Education, Inc.	25,956		366
Murphy USA, Inc.	41,332		14,124
ODP Corp.(a)	168,552		7,779
Sabre Corp.(a)	478,025		2,146
Signet Jewelers Ltd.	10,957		787
Steven Madden Ltd.	17,290		549
Taylor Morrison Home Corp.(a)	91,762		3,910
Tri Pointe Homes, Inc.(a)	196,109		5,364
Urban Outfitters, Inc.(a)	96,325		3,149
Visteon Corp.(a)	27,936		3,857
			143,195
CONSUMER STAPLES 4.6%
Fresh Del Monte Produce, Inc.	91,123		2,355
Ingles Markets, Inc. 'A'	49,073		3,697
Nu Skin Enterprises, Inc. 'A'	140,260		2,975
SpartanNash Co.	128,436		2,825
Sprouts Farmers Market, Inc.(a)	299,606		12,823
United Natural Foods, Inc.(a)	22,216		314
Universal Corp.	20,946		989

Schedule of Investments PIMCO RAE US Small Fund(Cont.) September 30, 2023 (Unaudited)

USANA Health Sciences, Inc.(a)	17,130	1,004
Weis Markets, Inc.	51,240	3,228
		30,210
ENERGY 11.8%
Archrock, Inc.	107,961	1,360
CNX Resources Corp.(a)	452,202	10,211
CVR Energy, Inc.	185,436	6,310
Delek U.S. Holdings, Inc.	502,613	14,279
Equitrans Midstream Corp.	317,792	2,978
Helmerich & Payne, Inc.	241,401	10,178
Murphy Oil Corp.	22,114	1,003
Nabors Industries Ltd.(a)	21,091	2,597
Oceaneering International, Inc.(a)	573,679	14,755
Patterson-UTI Energy, Inc.	310,283	4,294
Transocean Ltd.(a)	1,212,628	9,956
		77,921
FINANCIALS 7.0%
Affiliated Managers Group, Inc.	45,799	5,969
American Equity Investment Life Holding Co.	13,599	729
BankUnited, Inc.	21,588	490
Brightsphere Investment Group, Inc.	148,621	2,882
CNO Financial Group, Inc.	102,414	2,430
Federated Hermes, Inc.	66,919	2,267
First Hawaiian, Inc.	23,833	430
Hilltop Holdings, Inc.	18,405	522
Mercury General Corp.	4,554	128
MGIC Investment Corp.	164,268	2,742
Nelnet, Inc. 'A'	3,967	354
PennyMac Financial Services, Inc.	33,643	2,241
PRA Group, Inc.(a)	11,707	225
ProAssurance Corp.	73,566	1,390
PROG Holdings, Inc.(a)	199,248	6,617
Radian Group, Inc.	190,262	4,777
SEI Investments Co.	25,576	1,540
SLM Corp.	369,817	5,037
Washington Federal, Inc.	59,759	1,531
White Mountains Insurance Group Ltd.	2,451	3,666
		45,967
HEALTH CARE 6.1%
Acadia Healthcare Co., Inc.(a)	9,021	634
Dentsply Sirona, Inc.	122,631	4,189
Embecta Corp.	72,446	1,090
Novavax, Inc.(a)(c)	395,844	2,866
OPKO Health, Inc.(a)	455,512	729
Owens & Minor, Inc.(a)	198,933	3,215
Patterson Cos., Inc.	349,156	10,349
Pediatrix Medical Group, Inc.(a)	421,238	5,354
Sage Therapeutics, Inc.(a)	5,051	104
Teladoc Health, Inc.(a)	474,700	8,825
Veradigm, Inc.(a)	221,155	2,906
		40,261
INDUSTRIALS 15.8%
AAR Corp.(a)	56,375	3,356
Acuity Brands, Inc.	51,647	8,796
Allison Transmission Holdings, Inc.	323,565	19,110
Apogee Enterprises, Inc.	59,837	2,817
Applied Industrial Technologies, Inc.	3,014	466
Barnes Group, Inc.	24,947	847
Boise Cascade Co.	25,996	2,679
Conduent, Inc.(a)	906,147	3,153
CoreCivic, Inc.(a)	538,879	6,062
CSG Systems International, Inc.	22,702	1,160
Deluxe Corp.	81,292	1,536
EMCOR Group, Inc.	45,155	9,500
EnerSys	24,997	2,366
FTI Consulting, Inc.(a)	3,043	543
GEO Group, Inc.(a)	117,192	959
GrafTech International Ltd.	467,827	1,792
Healthcare Services Group, Inc.	269,790	2,814
HNI Corp.	10,879	377
JELD-WEN Holding, Inc.(a)	32,475	434
JetBlue Airways Corp.(a)	1,260,039	5,796
Landstar System, Inc.	4,316	764
Lincoln Electric Holdings, Inc.	2,602	473
Lyft, Inc.(a)	224,636	2,368
Moog, Inc. 'A'	5,913	668
NOW, Inc.(a)	369,692	4,388

Schedule of Investments PIMCO RAE US Small Fund(Cont.) September 30, 2023 (Unaudited)

Ryder System, Inc.	64,914	6,942
Schneider National, Inc. 'B'	137,328	3,803
SkyWest, Inc.(a)	76,722	3,218
Steelcase, Inc. 'A'	126,614	1,414
Terex Corp.	11,642	671
Veritiv Corp.	27,282	4,608
Werner Enterprises, Inc.	10,845	422
		104,302
INFORMATION TECHNOLOGY 8.8%
Benchmark Electronics, Inc.	122,069	2,961
Cerence, Inc.(a)	84,079	1,713
Cirrus Logic, Inc.(a)	23,011	1,702
CommScope Holding Co., Inc.(a)	377,516	1,269
Insight Enterprises, Inc.(a)	17,683	2,573
InterDigital, Inc.	30,894	2,479
LiveRamp Holdings, Inc.(a)	69,702	2,010
National Instruments Corp.	9,549	569
NetScout Systems, Inc.(a)	229,018	6,417
PC Connection, Inc.	15,256	814
Pegasystems, Inc.	22,209	964
Plexus Corp.(a)	4,688	436
Sanmina Corp.(a)	284,229	15,428
Teradata Corp.(a)	268,005	12,066
TTM Technologies, Inc.(a)	45,906	591
Vishay Intertechnology, Inc.	228,104	5,639
		57,631
MATERIALS 7.2%
Eagle Materials, Inc.	24,771	4,125
Louisiana-Pacific Corp.	66,709	3,687
NewMarket Corp.	7,003	3,186
O-I Glass, Inc.(a)	207,162	3,466
Sensient Technologies Corp.	8,650	506
Sylvamo Corp.	124,641	5,477
Trinseo PLC	36,433	298
Warrior Met Coal, Inc.	517,033	26,410
		47,155
REAL ESTATE 1.5%
Anywhere Real Estate, Inc.(a)	1,430,029	9,195
DigitalBridge Group, Inc.	43,076	758
New York REIT, Inc.«(a)	4,082	24
		9,977
UTILITIES 1.1%
Hawaiian Electric Industries, Inc.	10,126	125
IDACORP, Inc.	7,775	728
Northwestern Energy Group, Inc.	6,543	314
OGE Energy Corp.	157,463	5,248
Portland General Electric Co.	22,329	904
		7,319
Total United States		573,987
Total Common Stocks (Cost $500,303)		605,732
REAL ESTATE INVESTMENT TRUSTS 7.5%
UNITED STATES 7.5%
FINANCIALS 1.4%
Chimera Investment Corp.	1,285,657	7,020
Ladder Capital Corp.	1	0
MFA Financial, Inc.	226,491	2,176
		9,196
REAL ESTATE 6.1%
Alexander & Baldwin, Inc.	71,688	1,199
Apple Hospitality REIT, Inc.	327,317	5,021
Brandywine Realty Trust	62,419	283
DiamondRock Hospitality Co.	45,848	368
InvenTrust Properties Corp.	69,481	1,654
Macerich Co.	271,154	2,958
Outfront Media, Inc.	37,170	376
Paramount Group, Inc.	352,590	1,629
Park Hotels & Resorts, Inc.	436,574	5,379
RLJ Lodging Trust	636,022	6,227
Service Properties Trust	667,704	5,135

Schedule of Investments PIMCO RAE US Small Fund(Cont.) September 30, 2023 (Unaudited)

SL Green Realty Corp.	94,665		3,531
Sunstone Hotel Investors, Inc.	176,117		1,647
Tanger Factory Outlet Centers, Inc.	109,041		2,464
Xenia Hotels & Resorts, Inc.	190,860		2,248
			40,119
Total Real Estate Investment Trusts (Cost $49,816)			49,315
SHORT-TERM INSTRUMENTS 0.7%
REPURCHASE AGREEMENTS (e) 0.7%			4,636
Total Short-Term Instruments (Cost $4,636)			4,636
Total Investments in Securities (Cost $554,755)			659,683
INVESTMENTS IN AFFILIATES 0.4%
SHORT-TERM INSTRUMENTS 0.4%
MUTUAL FUNDS 0.4%
PIMCO Government Money Market Fund 5.460% (b)(c)(d)	2,764,390		2,764
Total Short-Term Instruments (Cost $2,764)			2,764
Total Investments in Affiliates (Cost $2,764)			2,764
Total Investments 100.6% (Cost $557,519)		$	662,447
Other Assets and Liabilities, net (0.6)%			(3,985)
Net Assets 100.0%		$	658,462

Schedule of Investments PIMCO RAE US Small Fund(Cont.) September 30, 2023 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:
* A zero balance may reflect actual amounts rounding to less than one thousand.
¤		The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.
«		Security valued using significant unobservable inputs (Level 3).
(a)		Security did not produce income within the last twelve months.
(b)		Institutional Class Shares of each Fund.
(c)		Securities with an aggregate market value of $2,696 were out on loan in exchange for $2,764 of cash collateral as of September 30, 2023.
(d)		Coupon represents a 7-Day Yield.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(e)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date	Maturity Date		Principal Amount		Collateralized By						Collateral (Received)				Repurchase Agreements, at Value			Repurchase Agreement Proceeds to be Received(1)
FICC			2.600%	09/29/2023	10/02/2023	$	4,636		U.S. Treasury Notes 5.000% due 08/31/2025					$		(4,729)		$		4,636	$		4,637
Total Repurchase Agreements														$		(4,729)		$		4,636	$		4,637
(1)		Includes accrued interest.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1			Level 2		Level 3				Fair Value at 09/30/2023
Investments in Securities, at Value
Common Stocks
	United Kingdom
		Energy						$		22,701	$	0	$	0			$			22,701
		Financials								9,044		0		0						9,044
	United States
		Communication Services								9,994		0		55						10,049
		Consumer Discretionary								143,195		0		0						143,195
		Consumer Staples								30,210		0		0						30,210
		Energy								77,921		0		0						77,921
		Financials								45,967		0		0						45,967
		Health Care								40,261		0		0						40,261
		Industrials								104,302		0		0						104,302
		Information Technology								57,631		0		0						57,631
		Materials								47,155		0		0						47,155
		Real Estate								9,953		0		24						9,977
		Utilities								7,319		0		0						7,319
Real Estate Investment Trusts
	United States
		Financials								9,196		0		0						9,196
		Real Estate								40,119		0		0						40,119
Short-Term Instruments
	Repurchase Agreements									0		4,636		0						4,636
								$		654,968	$	4,636	$	79			$			659,683
Investments in Affiliates, at Value
Short-Term Instruments
	Mutual Funds									2,764		0		0						2,764
Total Investments								$		657,732	$	4,636	$	79			$			662,447
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 99.7% ¤
COMMON STOCKS 95.8%
BRAZIL 4.3%
COMMUNICATION SERVICES 0.3%
Telefonica Brasil SA	18,773	$	161
TIM SA	26,600		79
			240
CONSUMER DISCRETIONARY 0.5%
Cogna Educacao SA(b)	126,300		67
Vibra Energia SA	107,632		405
			472
CONSUMER STAPLES 0.9%
Atacadao SA	20,500		36
BRF SA(b)	37,458		76
JBS SA	115,060		413
Marfrig Global Foods SA	58,700		83
Natura & Co. Holding SA(b)	5,700		17
Raia Drogasil SA	25,359		139
			764
ENERGY 0.3%
Ultrapar Participacoes SA	61,088		228
FINANCIALS 0.4%
B3 SA - Brasil Bolsa Balcao	74,302		182
Banco BTG Pactual SA	6,400		40
Banco Santander Brasil SA	12,400		64
BB Seguridade Participacoes SA	5,197		32
Porto Seguro SA	2,300		12
			330
HEALTH CARE 0.0%
Rede D'Or Sao Luiz SA	5,700		29
INDUSTRIALS 0.2%
Embraer SA(b)	7,500		26
WEG SA	18,881		136
			162
MATERIALS 1.4%
Cia Siderurgica Nacional SA	25,577		62
Klabin SA	33,390		158
Suzano SA	24,192		261
Vale SA	59,300		797
			1,278
UTILITIES 0.3%
Cia Paranaense de Energia	15,589		138
CPFL Energia SA	3,600		24
Energisa SA	7,000		65
Engie Brasil Energia SA	3,135		26
Equatorial Energia SA	4,500		29
Neoenergia SA	4,100		15
			297
Total Brazil			3,800
CHILE 0.8%
CONSUMER STAPLES 0.2%
Cencosud SA	53,437		101

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Cia Cervecerias Unidas SA	10,138	65
		166
ENERGY 0.1%
Empresas Copec SA	6,030	43
FINANCIALS 0.3%
Banco de Chile	1,334,417	136
Banco de Credito e Inversiones SA	1,126	29
Banco Itau Chile SA	865	8
Banco Santander Chile	2,784,565	129
		302
MATERIALS 0.0%
Empresas CMPC SA	17,456	32
UTILITIES 0.2%
Colbun SA	383,504	52
Enel Americas SA(b)	343,338	39
Enel Chile SA	672,048	41
		132
Total Chile		675
CHINA 23.7%
COMMUNICATION SERVICES 2.1%
China United Network Communications Ltd. 'A'	483,100	326
Focus Media Information Technology Co. Ltd. 'A'	70,200	69
NetEase, Inc.	6,601	661
Tencent Holdings Ltd.	14,900	578
Tencent Music Entertainment Group ADR(b)	33,526	214
		1,848
CONSUMER DISCRETIONARY 1.6%
Alibaba Group Holding Ltd.(b)	22,700	246
ANTA Sports Products Ltd.	18,400	206
BAIC Motor Corp. Ltd. 'H'	118,000	36
China Tourism Group Duty Free Corp. Ltd. 'H'	2,400	32
China Yongda Automobiles Services Holdings Ltd.	47,500	18
Dongfeng Motor Group Co. Ltd. 'H'	120,000	47
Huayu Automotive Systems Co. Ltd. 'A'	18,400	47
SAIC Motor Corp. Ltd. 'A'	34,000	69
Shanghai Yuyuan Tourist Mart Group Co. Ltd. 'A'	31,100	32
Shenzhou International Group Holdings Ltd.	12,700	121
Topsports International Holdings Ltd.	74,000	56
Trip.com Group Ltd.(b)	6,816	239
Vipshop Holdings Ltd.(b)	10,410	167
Wuchan Zhongda Group Co. Ltd. 'A'	136,900	89
		1,405
CONSUMER STAPLES 1.1%
China Feihe Ltd.	121,000	71
Foshan Haitian Flavouring & Food Co. Ltd. 'A'	3,100	16
Guangdong Haid Group Co. Ltd. 'A'	6,700	41
Henan Shuanghui Investment & Development Co. Ltd.	9,600	35
Hengan International Group Co. Ltd.	22,000	70
Kweichow Moutai Co. Ltd. 'A'	600	149
Luzhou Laojiao Co. Ltd. 'A'	1,200	36
Muyuan Foods Co. Ltd. 'A'	10,500	55
New Hope Liuhe Co. Ltd. 'A'	25,500	38
Nongfu Spring Co. Ltd. 'H'	16,800	96
Tingyi Cayman Islands Holding Corp.	82,000	115
Uni-President China Holdings Ltd.	43,000	30
Wens Foodstuffs Group Co. Ltd. 'A'	51,300	122
Wuliangye Yibin Co. Ltd. 'A'	3,600	78
		952
ENERGY 2.5%
China Petroleum & Chemical Corp. 'H'	1,546,000	841
China Shenhua Energy Co. Ltd. 'H'	135,000	437
PetroChina Co. Ltd. 'H'	974,000	730
Shaanxi Coal Industry Co. Ltd. 'A'	23,100	58
Shanxi Coking Coal Energy Group Co. Ltd. 'A'	15,900	22

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Yankuang Energy Group Co. Ltd. 'H'	105,000	198
		2,286
FINANCIALS 5.7%
Agricultural Bank of China Ltd. 'H'	1,638,000	609
Bank of Beijing Co. Ltd. 'A'	146,500	93
Bank of Changsha Co. Ltd. 'A'	34,400	39
Bank of China Ltd. 'H'	1,721,000	600
Bank of Chongqing Co. Ltd. 'H'	35,000	18
Bank of Communications Co. Ltd. 'H'	594,000	359
Bank of Guiyang Co. Ltd. 'A'	38,600	30
Bank of Hangzhou Co. Ltd. 'A'	40,900	63
Bank of Jiangsu Co. Ltd. 'A'	159,300	157
Bank of Nanjing Co. Ltd. 'A'	47,800	53
Bank of Shanghai Co. Ltd. 'A'	58,300	49
China Cinda Asset Management Co. Ltd. 'H'	353,000	35
China CITIC Bank Corp. Ltd. 'H'	561,000	260
China Construction Bank Corp. 'H'	390,000	219
China Everbright Bank Co. Ltd. 'H'	777,000	233
China International Capital Corp. Ltd. 'H'	34,400	63
China Life Insurance Co. Ltd. 'H'	128,000	198
China Minsheng Banking Corp. Ltd. 'H'	453,500	155
China Pacific Insurance Group Co. Ltd. 'A'	64,000	159
China Zheshang Bank Co. Ltd. 'H'	299,000	78
Chongqing Rural Commercial Bank Co. Ltd. 'H'	221,000	81
CNPC Capital Co. Ltd. 'A'	26,000	24
CSC Financial Co. Ltd. 'H'	11,500	12
GF Securities Co. Ltd. 'H'	15,000	20
Guosen Securities Co. Ltd. 'A'	37,700	48
Huaxia Bank Co. Ltd. 'A'	79,900	63
Industrial & Commercial Bank of China Ltd. 'H'	1,278,000	613
Industrial Securities Co. Ltd.	22,600	20
Lufax Holding Ltd.	46,622	49
New China Life Insurance Co. Ltd. 'H'	16,900	41
People's Insurance Co. Group of China Ltd. 'H'	46,000	16
Ping An Insurance Group Co. of China Ltd. 'H'	96,000	544
Shanghai Pudong Development Bank Co. Ltd. 'A'	80,200	78
		5,079
HEALTH CARE 1.1%
China Resources Pharmaceutical Group Ltd.	121,500	81
CSPC Pharmaceutical Group Ltd.	267,680	196
Jiangsu Hengrui Pharmaceuticals Co. Ltd. 'A'	11,100	69
Jointown Pharmaceutical Group Co. Ltd. 'A'	22,296	33
Shandong Buchang Pharmaceuticals Co. Ltd. 'A'	10,000	25
Shanghai Pharmaceuticals Holding Co. Ltd. 'H'	9,300	14
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. 'A'	1,600	59
Sinopharm Group Co. Ltd. 'H'	86,800	252
WuXi AppTec Co. Ltd.	12,500	149
Yunnan Baiyao Group Co. Ltd. 'A'	10,300	75
		953
INDUSTRIALS 3.1%
AECC Aviation Power Co. Ltd.	8,700	44
China Communications Services Corp. Ltd. 'H'	108,000	45
China CSSC Holdings Ltd. 'A'	19,500	75
China International Marine Containers Group Co. Ltd. 'H'	21,600	12
China Lesso Group Holdings Ltd. 'L'	37,000	20
China National Chemical Engineering Co. Ltd. 'A'	66,500	71
China Railway Group Ltd. 'H'	596,000	307
China State Construction Engineering Corp. Ltd. 'A'	640,400	487
CITIC Ltd.	141,000	129
COSCO SHIPPING Holdings Co. Ltd. 'H'	58,500	60
CRRC Corp. Ltd. 'H'	62,000	30
Daqin Railway Co. Ltd. 'A'	65,200	65
Fosun International Ltd.	45,000	28
Jiangsu Expressway Co. Ltd. 'H'	86,000	78
Jiangsu Zhongtian Technology Co. Ltd. 'A'	36,500	74
Metallurgical Corp. of China Ltd. 'H'	459,000	96
NARI Technology Co. Ltd. 'A'	20,000	61
Power Construction Corp. of China Ltd. 'A'	184,600	136
Qingdao Port International Co. Ltd.	28,000	14
Sany Heavy Industry Co. Ltd. 'A'	43,200	94
Shanghai Construction Group Co. Ltd. 'A'	120,600	45
Shanghai International Port Group Co. Ltd. 'A'	23,200	16
Shanghai Tunnel Engineering Co. Ltd. 'A'	83,500	67
Sichuan Road and Bridge Group Co. Ltd. 'A'	14,180	17
Sinopec Engineering Group Co. Ltd. 'H'	66,500	30
Sinotrans Ltd. 'H'	118,000	43
Sinotruk Hong Kong Ltd.	64,500	124
TBEA Co. Ltd. 'A'	55,690	113

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Xiamen C & D, Inc. 'A'	64,300	88
Xiamen ITG Group Corp. Ltd. 'A'	64,800	70
Xiamen Xiangyu Co. Ltd. 'A'	32,700	30
Zhejiang Chint Electrics Co. Ltd. 'A'	4,000	13
Zhejiang Expressway Co. Ltd. 'H'	44,000	33
Zoomlion Heavy Industry Science and Technology Co. Ltd. 'H'	18,000	10
ZTO Express Cayman, Inc.	6,936	168
		2,793
INFORMATION TECHNOLOGY 1.8%
360 Security Technology, Inc. 'A'	45,400	61
AAC Technologies Holdings, Inc.	19,000	32
Avary Holding Shenzhen Co. Ltd. 'A'	14,500	40
BYD Electronic International Co. Ltd.	10,500	48
China Railway Signal & Communication Corp. Ltd. 'H'	248,000	79
Foxconn Industrial Internet Co. Ltd. 'A'	103,700	281
Lenovo Group Ltd.	464,000	476
Sunny Optical Technology Group Co. Ltd.	16,800	116
TCL Technology Group Corp.	17,300	10
Tianma Microelectronics Co. Ltd. 'A'	35,300	45
Unisplendour Corp. Ltd.	8,000	26
Xiaomi Corp. 'B'(b)	163,600	256
Zhejiang Dahua Technology Co. Ltd. 'A'	11,300	35
ZTE Corp. 'H'	24,800	75
		1,580
MATERIALS 2.4%
Aluminum Corp. of China Ltd. 'H'	452,000	252
Angang Steel Co. Ltd. 'H'	142,000	35
Anhui Conch Cement Co. Ltd. 'H'	118,000	312
Baoshan Iron & Steel Co. Ltd. 'A'	162,600	136
China Hongqiao Group Ltd.	252,500	246
China National Building Material Co. Ltd. 'H'	330,000	173
CMOC Group Ltd. 'H'	60,000	38
Hengli Petrochemical Co. Ltd. 'A'	17,300	34
Hesteel Co. Ltd. 'A'	140,800	44
Huaxin Cement Co. Ltd. 'H'	20,600	21
Hunan Valin Steel Co. Ltd. 'A'	72,500	60
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd. 'A'	19,900	11
Jiangxi Copper Co. Ltd. 'H'	115,000	179
Luxi Chemical Group Co. Ltd. 'A'	16,200	25
Maanshan Iron & Steel Co. Ltd. 'H'	80,000	13
Nanjing Iron & Steel Co. Ltd. 'A'	69,500	35
Ningxia Baofeng Energy Group Co. Ltd. 'A'	23,900	47
Shandong Chenming Paper Holdings Ltd. 'H'	27,500	8
Shanxi Taigang Stainless Steel Co. Ltd. 'A'	69,900	39
Sinopec Shanghai Petrochemical Co. Ltd. 'H'	180,000	26
Tangshan Jidong Cement Co. Ltd. 'A'	23,800	25
Tongling Nonferrous Metals Group Co. Ltd. 'A'	95,800	42
Xinxing Ductile Iron Pipes Co. Ltd. 'A'	140,200	79
Xinyu Iron & Steel Co. Ltd. 'A'	56,500	32
Zijin Mining Group Co. Ltd. 'H'	150,000	227
		2,139
REAL ESTATE 1.3%
Agile Group Holdings Ltd.	252,000	30
China Vanke Co. Ltd. 'H'	323,800	356
Country Garden Holdings Co. Ltd.	3,350,000	386
Financial Street Holdings Co. Ltd. 'A'	48,800	29
Guangzhou R&F Properties Co. Ltd. 'H'(b)	126,800	20
Jinke Properties Group Co. Ltd. 'A'	295,900	71
KWG Group Holdings Ltd.	352,000	41
Logan Group Co. Ltd.	95,000	9
Powerlong Real Estate Holdings Ltd.	108,000	13
Seazen Group Ltd.	620,000	113
Seazen Holdings Co. Ltd. 'A'	22,700	42
Sino-Ocean Group Holding Ltd.	178,000	10
Youngor Group Co. Ltd.	26,500	26
		1,146
UTILITIES 1.0%
CGN Power Co. Ltd. 'H'	876,000	227
China National Nuclear Power Co. Ltd. 'A'	144,000	144
China Yangtze Power Co. Ltd. 'A'	104,600	319
ENN Energy Holdings Ltd.	19,300	159
GD Power Development Co. Ltd. 'A'	168,400	85

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Huaneng Lancang River Hydropower, Inc. 'A'	12,200	12
		946
Total China		21,127
GREECE 0.4%
COMMUNICATION SERVICES 0.1%
Hellenic Telecommunications Organization SA	3,864	56
CONSUMER DISCRETIONARY 0.1%
JUMBO SA	1,888	52
OPAP SA	3,453	58
		110
ENERGY 0.0%
Motor Oil Hellas Corinth Refineries SA	708	18
FINANCIALS 0.2%
Alpha Services & Holdings SA(b)	33,166	44
Eurobank Ergasias Services & Holdings SA 'A'(b)	30,894	47
National Bank of Greece SA(b)	8,138	46
Piraeus Financial Holdings SA(b)	4,378	13
		150
INDUSTRIALS 0.0%
Mytilineos SA	412	15
Star Bulk Carriers Corp.	1,063	21
		36
UTILITIES 0.0%
Public Power Corp. SA(b)	2,733	27
Total Greece		397
HONG KONG 1.3%
FINANCIALS 0.5%
BOC Hong Kong Holdings Ltd.	117,000	319
China Taiping Insurance Holdings Co. Ltd.	81,800	81
Far East Horizon Ltd.	65,000	47
		447
INDUSTRIALS 0.1%
China Everbright Environment Group Ltd.	153,000	53
China Zhongwang Holdings Ltd.«(b)	338,800	0
Shanghai Industrial Holdings Ltd.	22,000	28
Shenzhen International Holdings Ltd.	57,500	35
		116
MATERIALS 0.0%
China Resources Cement Holdings Ltd.	60,000	15
REAL ESTATE 0.1%
China Jinmao Holdings Group Ltd.	294,000	38
Poly Property Group Co. Ltd.	41,000	9
		47
UTILITIES 0.6%
Beijing Enterprises Holdings Ltd.	27,000	93
China Resources Gas Group Ltd.	52,500	153
Guangdong Investment Ltd.	92,000	70
Kunlun Energy Co. Ltd.	218,000	188
		504
Total Hong Kong		1,129
INDIA 11.7%
COMMUNICATION SERVICES 0.2%
Bharti Airtel Ltd.	11,592	129

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Indus Towers Ltd.(b)	26,939	62
		191
CONSUMER DISCRETIONARY 0.7%
Apollo Tyres Ltd.	4,256	19
Bajaj Auto Ltd.	2,040	124
Bharat Forge Ltd.	3,152	41
Hero MotoCorp Ltd.	3,225	119
MRF Ltd.	31	40
Rajesh Exports Ltd.	14,017	85
Samvardhana Motherson International Ltd.	25,078	29
Tata Motors Ltd.	16,828	127
Vardhman Textiles Ltd.	2,281	10
		594
CONSUMER STAPLES 1.4%
Britannia Industries Ltd.	1,809	99
Colgate-Palmolive India Ltd.	1,453	35
Dabur India Ltd.	2,999	20
Godrej Consumer Products Ltd.(b)	4,340	52
Hindustan Unilever Ltd.	7,489	222
ITC Ltd.	128,914	689
Marico Ltd.	6,478	43
Nestle India Ltd.	425	115
		1,275
ENERGY 1.2%
Bharat Petroleum Corp. Ltd.	40,223	168
Coal India Ltd.	45,970	163
Hindustan Petroleum Corp. Ltd.(b)	53,702	165
Indian Oil Corp. Ltd.	184,682	202
Oil & Natural Gas Corp. Ltd.	130,757	301
Oil India Ltd.	16,948	61
Petronet LNG Ltd.	19,412	56
		1,116
FINANCIALS 1.8%
Aditya Birla Capital Ltd.(b)	10,605	23
Axis Bank Ltd.	22,346	278
Bank of Baroda	17,684	45
Canara Bank	5,760	26
Cholamandalam Financial Holdings Ltd.	856	12
Cholamandalam Investment & Finance Co. Ltd.	5,308	78
HDFC Asset Management Co. Ltd.	574	18
HDFC Life Insurance Co. Ltd.	3,305	25
IDFC First Bank Ltd.(b)	40,680	47
IIFL Finance Ltd.	2,048	15
Indiabulls Housing Finance Ltd. 'L'	70,758	158
Indian Railway Finance Corp. Ltd.	31,281	29
IndusInd Bank Ltd.	5,146	88
Mahindra & Mahindra Financial Services Ltd.	6,002	22
Muthoot Finance Ltd.	1,091	16
Piramal Enterprises Ltd.	1,694	21
Power Finance Corp. Ltd.	108,657	329
Power Finance Corp. Ltd.«(b)	27,164	82
Punjab National Bank	26,808	26
RBL Bank Ltd.	4,855	15
REC Ltd.	47,346	163
Shriram Finance Ltd.	2,766	64
		1,580
HEALTH CARE 0.7%
Aurobindo Pharma Ltd.	1,532	17
Cipla Ltd.	6,278	89
Divi's Laboratories Ltd.	1,213	55
Dr Reddy's Laboratories Ltd.	1,820	122
Lupin Ltd.	5,235	74
Sun Pharmaceutical Industries Ltd.	12,032	167
Torrent Pharmaceuticals Ltd.	1,755	41
Zydus Lifesciences Ltd.	3,372	25
		590
INDUSTRIALS 0.5%
Bharat Heavy Electricals Ltd.	7,400	12
Cummins India Ltd.	1,266	26
Hindustan Aeronautics Ltd.	2,348	55
InterGlobe Aviation Ltd.(b)	1,115	32
Larsen & Toubro Ltd.	5,404	196

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Polycab India Ltd.	469	30
Siemens Ltd.	754	33
WNS Holdings Ltd.(b)	517	35
		419
INFORMATION TECHNOLOGY 2.4%
HCL Technologies Ltd.	15,734	233
Infosys Ltd.	32,096	552
LTIMindtree Ltd.	444	28
Mphasis Ltd.	2,359	67
Oracle Financial Services Software Ltd.	364	18
Redington Ltd.	18,568	35
Tata Consultancy Services Ltd.	20,815	881
Tech Mahindra Ltd.	10,857	159
Wipro Ltd.	29,777	145
		2,118
MATERIALS 1.7%
Asian Paints Ltd.	2,568	98
Berger Paints India Ltd.	1,129	8
Berger Paints India Ltd.«(b)	226	2
Coromandel International Ltd.	1,615	22
Dalmia Bharat Ltd.	773	22
Gujarat State Fertilizers & Chemicals Ltd.	8,284	17
Jindal Saw Ltd.	10,561	44
Jindal Stainless Ltd.	2,281	13
Jindal Steel & Power Ltd.	13,597	114
JSW Steel Ltd.	7,795	73
National Aluminium Co. Ltd.	63,113	73
NMDC Ltd.	25,325	45
Pidilite Industries Ltd.	570	17
Steel Authority of India Ltd.	133,104	150
Supreme Industries Ltd.	1,603	80
Tata Steel Ltd.	283,045	438
UltraTech Cement Ltd.	1,456	144
Vedanta Ltd.	43,629	116
		1,476
REAL ESTATE 0.0%
DLF Ltd.	4,586	29
Macrotech Developers Ltd.	1,212	12
		41
UTILITIES 1.1%
GAIL India Ltd.	17,219	26
Gujarat State Petronet Ltd.	4,471	15
Indraprastha Gas Ltd.	3,249	18
Jaiprakash Power Ventures Ltd.(b)	436,978	54
NHPC Ltd.	52,768	33
NTPC Ltd.	143,631	424
Power Grid Corp. of India Ltd.	141,237	339
PTC India Ltd.	8,191	13
Reliance Infrastructure Ltd.(b)	18,014	37
Reliance Power Ltd.(b)	232,390	54
		1,013
Total India		10,413
INDONESIA 1.3%
COMMUNICATION SERVICES 0.3%
Elang Mahkota Teknologi Tbk PT	168,800	6
Indosat Tbk PT	24,300	16
Telkom Indonesia Persero Tbk PT	957,500	232
		254
CONSUMER STAPLES 0.2%
Gudang Garam Tbk PT	20,100	32
Indofood CBP Sukses Makmur Tbk PT	42,800	31
Indofood Sukses Makmur Tbk PT	27,100	11
Sumber Alfaria Trijaya Tbk PT	290,700	56
Unilever Indonesia Tbk PT	129,900	31
		161
ENERGY 0.2%
Adaro Energy Indonesia Tbk PT	614,100	113

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Indika Energy Tbk PT	84,700	12
Indo Tambangraya Megah Tbk PT	21,600	41
		166
FINANCIALS 0.5%
Bank Central Asia Tbk PT	338,900	193
Bank Mandiri Persero Tbk PT	312,700	122
Bank Rakyat Indonesia Persero Tbk PT	514,700	174
		489
HEALTH CARE 0.1%
Kalbe Farma Tbk PT	390,300	44
MATERIALS 0.0%
Indocement Tunggal Prakarsa Tbk PT	44,300	28
Total Indonesia		1,142
IRELAND 0.4%
CONSUMER DISCRETIONARY 0.4%
PDD Holdings, Inc.(b)	3,585	352
Total Ireland		352
KUWAIT 0.4%
COMMUNICATION SERVICES 0.1%
Mobile Telecommunications Co. KSCP	44,173	70
CONSUMER DISCRETIONARY 0.0%
Humansoft Holding Co. KSC	302	3
FINANCIALS 0.2%
Al Ahli Bank of Kuwait KSCP	3,781	3
Boubyan Bank KSCP	5,764	11
Gulf Bank KSCP	6,421	6
Kuwait Finance House KSCP	85,925	203
		223
INDUSTRIALS 0.1%
Agility Public Warehousing Co. KSC	28,106	51
National Industries Group Holding SAK	5,584	3
		54
REAL ESTATE 0.0%
Commercial Real Estate Co. KSC	35,666	11
Mabanee Co. KPSC	733	2
		13
Total Kuwait		363
MALAYSIA 1.6%
COMMUNICATION SERVICES 0.2%
Axiata Group Bhd.	44,100	23
CelecomDigi Bhd.	26,200	24
Maxis Bhd.	48,400	42
Telekom Malaysia Bhd.	44,100	46
		135
CONSUMER DISCRETIONARY 0.1%
Genting Bhd	46,100	41
Genting Malaysia Bhd.	96,600	51
		92
CONSUMER STAPLES 0.1%
IOI Corp. Bhd.	27,700	23
Kuala Lumpur Kepong Bhd.	7,000	32
PPB Group Bhd.	6,700	22

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Sime Darby Plantation Bhd.	40,800	37
		114
ENERGY 0.0%
Petronas Dagangan Bhd.	3,500	17
FINANCIALS 0.6%
AMMB Holdings Bhd.	34,300	27
CIMB Group Holdings Bhd.	122,800	142
Hong Leong Bank Bhd.	11,100	46
Malayan Banking Bhd.	65,800	123
Public Bank Bhd.	180,100	156
RHB Bank Bhd.	38,900	45
		539
HEALTH CARE 0.2%
Hartalega Holdings Bhd.	136,900	58
IHH Healthcare Bhd.	6,600	8
Kossan Rubber Industries Bhd.	33,700	10
Supermax Corp. Bhd.	66,800	12
Top Glove Corp. Bhd.(b)	567,000	93
		181
INDUSTRIALS 0.2%
Capital A Bhd.(b)	193,400	40
Gamuda Bhd.	20,000	19
Malaysia Airports Holdings Bhd.	25,600	39
MISC Bhd.	19,600	30
Sime Darby Bhd.	60,600	28
		156
MATERIALS 0.1%
Petronas Chemicals Group Bhd.	65,400	100
Press Metal Aluminium Holdings Bhd.	9,900	10
		110
UTILITIES 0.1%
Petronas Gas Bhd.	5,000	18
Tenaga Nasional Bhd.	35,900	76
YTL Corp. Bhd.	69,900	23
		117
Total Malaysia		1,461
MEXICO 2.2%
COMMUNICATION SERVICES 0.1%
Grupo Televisa SAB	92,863	57
Megacable Holdings SAB de CV	12,334	27
		84
CONSUMER STAPLES 1.2%
Arca Continental SAB de CV	13,655	124
Coca-Cola Femsa SAB de CV	23,740	186
Gruma SAB de CV 'B'	7,926	136
Grupo Bimbo SAB de CV 'A'	16,223	78
Kimberly-Clark de Mexico SAB de CV 'A'	53,492	107
Wal-Mart de Mexico SAB de CV	119,272	449
		1,080
FINANCIALS 0.2%
Grupo Elektra SAB de CV	696	46
Grupo Financiero Banorte SAB de CV	18,400	154
		200
INDUSTRIALS 0.2%
Alfa SAB de CV 'A'	95,924	62
Grupo Aeroportuario del Pacifico SAB de CV	2,715	45

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Grupo Aeroportuario del Sureste SAB de CV	1,600	39
		146
MATERIALS 0.5%
Alpek SAB de CV	16,954	14
Cemex SAB de CV(b)	126,231	82
Grupo Mexico SAB de CV 'B'	64,671	306
Orbia Advance Corp. SAB de CV	32,997	69
		471
Total Mexico		1,981
NETHERLANDS 0.0%
REAL ESTATE 0.0%
NEPI Rockcastle NV	4,050	22
Total Netherlands		22
PHILIPPINES 0.3%
COMMUNICATION SERVICES 0.1%
Globe Telecom, Inc.	878	28
PLDT, Inc.	2,770	57
		85
CONSUMER STAPLES 0.0%
Universal Robina Corp.	13,310	28
FINANCIALS 0.1%
Bank of the Philippine Islands	8,114	16
BDO Unibank, Inc.	10,780	27
		43
INDUSTRIALS 0.1%
International Container Terminal Services, Inc.	11,450	42
UTILITIES 0.0%
Manila Electric Co.	4,460	29
Total Philippines		227
POLAND 0.6%
COMMUNICATION SERVICES 0.1%
Cyfrowy Polsat SA	7,583	21
Orange Polska SA	20,427	35
		56
ENERGY 0.0%
ORLEN SA	2,433	33
FINANCIALS 0.3%
Bank Polska Kasa Opieki SA	1,348	31
Powszechna Kasa Oszczednosci Bank Polski SA(b)	5,213	41
Powszechny Zaklad Ubezpieczen SA	20,600	195
Santander Bank Polska SA(b)	211	17
		284
INFORMATION TECHNOLOGY 0.0%
Asseco Poland SA	462	7
MATERIALS 0.1%
Jastrzebska Spolka Weglowa SA(b)	3,709	37
KGHM Polska Miedz SA	972	25
		62
UTILITIES 0.1%
Enea SA(b)	6,199	10
PGE Polska Grupa Energetyczna SA(b)	25,969	45

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Tauron Polska Energia SA(b)	55,041	45
		100
Total Poland		542
QATAR 0.6%
COMMUNICATION SERVICES 0.1%
Ooredoo QPSC	11,481	34
ENERGY 0.0%
Qatar Fuel QSC	2,172	10
Qatar Gas Transport Co. Ltd.	22,471	23
		33
FINANCIALS 0.3%
Commercial Bank PSQC	3,410	5
Doha Bank QPSC	46,674	21
Masraf Al Rayan QSC	66,665	41
Qatar Islamic Bank SAQ	10,082	51
Qatar National Bank QPSC	36,268	153
		271
INDUSTRIALS 0.2%
Industries Qatar QSC	36,460	137
Qatar Navigation QSC	1,339	4
		141
REAL ESTATE 0.0%
Barwa Real Estate Co.	39,359	28
UTILITIES 0.0%
Qatar Electricity & Water Co. QSC	2,250	11
Total Qatar		518
RUSSIA 0.0%
ENERGY 0.0%
Gazprom Neft PJSC«	13,620	0
Gazprom PJSC«	635,130	0
LUKOIL PJSC«	15,703	0
Novatek PJSC«	21,924	0
Rosneft Oil Co. PJSC«	66,050	0
Surgutneftegas PJSC«	701,700	0
Tatneft PJSC«	19,086	0
		0
FINANCIALS 0.0%
Sberbank of Russia PJSC«	117,340	0
VTB Bank PJSC«(b)	598,992,500	1
		1
MATERIALS 0.0%
Magnitogorsk Iron & Steel Works PJSC«	160,600	0
MMC Norilsk Nickel PJSC«	1,269	0
Novolipetsk Steel PJSC«	88,470	0
Severstal PAO^«(a)(b)	17,344	0
		0
UTILITIES 0.0%
Federal Grid Co. - Rosseti PJSC«(b)	22,174,692	0
Inter RAO UES PJSC«	1,587,500	0
		0
Total Russia		1
SAUDI ARABIA 2.7%
COMMUNICATION SERVICES 0.5%
Etihad Etisalat Co.	827	10
Mobile Telecommunications Co. Saudi Arabia	14,703	52

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Saudi Telecom Co.	39,544	396
		458
CONSUMER DISCRETIONARY 0.1%
Jarir Marketing Co.	13,346	52
CONSUMER STAPLES 0.2%
Abdullah Al Othaim Markets Co.	9,410	34
Almarai Co. JSC	4,646	79
Nahdi Medical Co.	722	28
Savola Group	4,874	47
		188
ENERGY 0.8%
Saudi Arabian Oil Co.	80,429	749
FINANCIALS 0.1%
Bupa Arabia for Cooperative Insurance Co.	1,047	58
Saudi Investment Bank	5,745	24
		82
HEALTH CARE 0.1%
Dr Sulaiman Al Habib Medical Services Group Co.	1,226	77
INFORMATION TECHNOLOGY 0.0%
Arabian Internet & Communications Services Co.	408	35
MATERIALS 0.8%
Advanced Petrochemical Co.	3,062	33
SABIC Agri-Nutrients Co.	1,733	61
Sahara International Petrochemical Co.	4,951	50
Saudi Basic Industries Corp.	15,311	337
Saudi Cement Co.	920	13
Saudi Industrial Investment Group	5,847	37
Saudi Kayan Petrochemical Co.(b)	14,210	47
Yanbu National Petrochemical Co.	8,072	90
		668
REAL ESTATE 0.0%
Arabian Centres Co. Ltd.	2,279	12
Dar Al Arkan Real Estate Development Co.(b)	3,608	15
		27
UTILITIES 0.1%
ACWA Power Co.	1,065	56
Saudi Electricity Co.	8,284	42
		98
Total Saudi Arabia		2,434
SOUTH AFRICA 3.1%
COMMUNICATION SERVICES 0.4%
MTN Group Ltd.	40,071	239
MultiChoice Group	9,595	38
Telkom SA SOC Ltd.(b)	23,829	29
Vodacom Group Ltd.	12,738	71
		377
CONSUMER DISCRETIONARY 0.6%
Motus Holdings Ltd.	5,706	28
Mr Price Group Ltd.	5,888	43
Naspers Ltd. 'N'	1,992	319
Truworths International Ltd.	15,768	64
Woolworths Holdings Ltd.	21,447	77
		531
CONSUMER STAPLES 0.5%
AVI Ltd.	7,555	30
Bid Corp. Ltd.	6,747	150
Pick n Pay Stores Ltd.	10,750	21
Shoprite Holdings Ltd.	11,621	147
SPAR Group Ltd.	12,331	76

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Tiger Brands Ltd.	3,278	27
		451
ENERGY 0.1%
Exxaro Resources Ltd.	10,173	92
FINANCIALS 0.3%
FirstRand Ltd.	80,566	271
Sanlam Ltd.	2,703	10
Standard Bank Group Ltd.	1,858	18
		299
HEALTH CARE 0.1%
Aspen Pharmacare Holdings Ltd.	8,265	75
Life Healthcare Group Holdings Ltd.	24,215	26
		101
INDUSTRIALS 0.2%
Barloworld Ltd.	4,746	22
Bidvest Group Ltd.	7,956	114
		136
MATERIALS 0.9%
African Rainbow Minerals Ltd.	2,540	23
Anglo American Platinum Ltd.	1,017	38
Gold Fields Ltd.	17,259	187
Harmony Gold Mining Co. Ltd.	4,446	17
Impala Platinum Holdings Ltd.	18,646	97
Kumba Iron Ore Ltd.	2,702	65
Sappi Ltd.	26,018	60
Sasol Ltd.	15,613	214
Sibanye Stillwater Ltd.	72,992	112
		813
Total South Africa		2,800
SOUTH KOREA 15.1%
COMMUNICATION SERVICES 1.0%
CJ ENM Co. Ltd.	449	19
KT Corp.	14,668	361
LG Uplus Corp.	11,350	87
NAVER Corp.	939	141
SK Telecom Co. Ltd.	8,100	312
		920
CONSUMER DISCRETIONARY 3.7%
Coway Co. Ltd.	1,879	57
Hankook Tire & Technology Co. Ltd.	3,160	93
HL Mando Co. Ltd.	1,867	58
Hyundai Department Store Co. Ltd.	971	46
Hyundai Mobis Co. Ltd.	2,667	475
Hyundai Motor Co.	7,426	1,050
Hyundai Wia Corp.	1,300	61
Kia Corp.	10,203	614
LG Electronics, Inc.	9,610	717
Lotte Shopping Co. Ltd.	763	40
Shinsegae, Inc.	306	43
		3,254
CONSUMER STAPLES 0.7%
Amorepacific Corp.	276	25
Amorepacific Group	1,668	38
CJ CheilJedang Corp.	515	117
E-MART, Inc.	1,601	83
GS Retail Co. Ltd.	851	15
KT&G Corp.	3,650	233
LG H&H Co. Ltd.	254	84
		595
ENERGY 0.6%
HD Hyundai Co. Ltd.	2,147	105
S-Oil Corp.	1,049	61

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

SK Innovation Co. Ltd.(b)	3,714	408
		574
FINANCIALS 2.1%
BNK Financial Group, Inc.	14,756	75
DB Insurance Co. Ltd.	2,207	146
DGB Financial Group, Inc.	7,971	46
Hana Financial Group, Inc.	8,354	262
Hanwha Life Insurance Co. Ltd.	13,409	28
Hyundai Marine & Fire Insurance Co. Ltd.	3,977	96
Industrial Bank of Korea	12,875	107
KB Financial Group, Inc.	3,582	146
Korea Investment Holdings Co. Ltd.	404	16
Meritz Financial Group, Inc.	884	36
Mirae Asset Securities Co. Ltd.	1,755	8
NH Investment & Securities Co. Ltd.	1,208	9
Samsung Card Co. Ltd.	666	15
Samsung Fire & Marine Insurance Co. Ltd.	1,059	204
Samsung Life Insurance Co. Ltd.	2,684	140
Samsung Securities Co. Ltd.	389	11
Shinhan Financial Group Co. Ltd.	12,138	319
Woori Financial Group, Inc.	25,218	229
		1,893
INDUSTRIALS 2.2%
CJ Corp.	1,919	128
CJ Logistics Corp.	920	55
Daewoo Engineering & Construction Co. Ltd.(b)	12,275	38
DL E&C Co. Ltd.	2,083	48
Doosan Bobcat, Inc.	204	8
Doosan Co. Ltd.	1,352	113
GS Engineering & Construction Corp.	8,619	90
GS Holdings Corp.	1,946	58
Hanwha Aerospace Co. Ltd.	340	26
Hanwha Corp.	3,269	58
Hanwha Ocean Co. Ltd.(b)	638	15
HD Korea Shipbuilding & Offshore Engineering Co. Ltd.(b)	647	53
HDC Hyundai Development Co-Engineering & Construction	1,674	13
Hyundai Engineering & Construction Co. Ltd.	5,337	143
Hyundai Glovis Co. Ltd.	969	132
LG Corp.	2,658	165
Lotte Corp.	1,335	25
LS Corp.	1,586	119
LX International Corp.	2,855	60
Posco International Corp.	6,631	348
Samsung Heavy Industries Co. Ltd.(b)	5,159	30
SK Networks Co. Ltd.	10,756	49
SK, Inc.	1,955	211
		1,985
INFORMATION TECHNOLOGY 1.8%
LG Display Co. Ltd.	20,467	199
Samsung Electro-Mechanics Co. Ltd.	1,781	181
Samsung Electronics Co. Ltd.	14,146	715
Samsung SDI Co. Ltd.	524	198
Samsung SDS Co. Ltd.	247	25
SK Hynix, Inc.	3,806	322
		1,640
MATERIALS 2.6%
Dongkuk Holdings Co. Ltd.	2,064	16
Hyundai Steel Co.	5,759	162
KCC Corp.	311	57
Kolon Industries, Inc.	1,468	50
Korea Zinc Co. Ltd.	342	128
Kumho Petrochemical Co. Ltd.	453	45
Lotte Chemical Corp.	1,345	136
POSCO Holdings, Inc.	4,288	1,689
Young Poong Corp.	39	15
		2,298
UTILITIES 0.4%
Korea Electric Power Corp.	17,746	236

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Korea Gas Corp.	4,049	71
		307
Total South Korea		13,466
TAIWAN 19.3%
COMMUNICATION SERVICES 0.7%
Chunghwa Telecom Co. Ltd.	119,000	428
Far EasTone Telecommunications Co. Ltd.	53,000	119
Taiwan Mobile Co. Ltd.	33,000	97
		644
CONSUMER DISCRETIONARY 0.6%
Cheng Shin Rubber Industry Co. Ltd.	43,000	57
China Motor Corp.	36,000	109
Eclat Textile Co. Ltd.	5,000	75
Feng TAY Enterprise Co. Ltd.	14,560	83
Giant Manufacturing Co. Ltd.	6,000	33
Hotai Motor Co. Ltd.	2,040	41
Nien Made Enterprise Co. Ltd.	2,000	19
Pou Chen Corp.	69,000	61
Ruentex Industries Ltd.	22,800	42
Yulon Motor Co. Ltd.	19,377	50
		570
CONSUMER STAPLES 0.3%
Great Wall Enterprise Co. Ltd.	15,008	25
President Chain Store Corp.	15,000	122
Uni-President Enterprises Corp.	73,000	159
		306
ENERGY 0.1%
Formosa Petrochemical Corp.	26,000	65
FINANCIALS 3.0%
Cathay Financial Holding Co. Ltd.	263,200	363
Chang Hwa Commercial Bank Ltd.	143,090	77
China Development Financial Holding Corp.	415,096	152
CTBC Financial Holding Co. Ltd.	382,000	290
E.Sun Financial Holding Co. Ltd.	178,239	134
First Financial Holding Co. Ltd.	199,509	164
Fubon Financial Holding Co. Ltd.	197,908	373
Hua Nan Financial Holdings Co. Ltd. 'C'	134,503	86
Mega Financial Holding Co. Ltd.	178,920	209
Shanghai Commercial & Savings Bank Ltd.	47,712	64
Shin Kong Financial Holding Co. Ltd.	568,307	163
SinoPac Financial Holdings Co. Ltd.	222,466	120
Taishin Financial Holding Co. Ltd.	244,511	136
Taiwan Business Bank	159,890	65
Taiwan Cooperative Financial Holding Co. Ltd.	134,395	107
Yuanta Financial Holding Co. Ltd.	177,860	138
		2,641
INDUSTRIALS 0.5%
Airtac International Group	1,000	30
Evergreen Marine Corp. Taiwan Ltd.	37,000	133
Far Eastern New Century Corp.	93,000	83
Hiwin Technologies Corp.	2,000	13
Taiwan Glass Industry Corp.	13,000	8
Taiwan High Speed Rail Corp.	29,000	27
Teco Electric & Machinery Co. Ltd.	46,000	74
Yang Ming Marine Transport Corp.	46,000	65
		433
INFORMATION TECHNOLOGY 12.8%
Accton Technology Corp.	8,000	123
Acer, Inc.	137,000	154
Advantech Co. Ltd.	9,119	98
ASE Technology Holding Co. Ltd.	142,000	485
Asustek Computer, Inc.	73,000	831
AUO Corp.	498,600	253
Catcher Technology Co. Ltd.	14,000	79
Cheng Uei Precision Industry Co. Ltd.	7,000	9
Chicony Electronics Co. Ltd.	16,000	57
Compal Electronics, Inc.	362,000	345
Delta Electronics, Inc.	42,000	423

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Foxconn Technology Co. Ltd.	31,000	55
General Interface Solution Holding Ltd.	17,000	31
Gigabyte Technology Co. Ltd.	6,000	53
Hon Hai Precision Industry Co. Ltd.	348,600	1,124
Innolux Corp.	870,582	355
Inventec Corp.	296,000	451
King Yuan Electronics Co. Ltd.	15,000	35
Kinpo Electronics	59,000	28
Largan Precision Co. Ltd.	2,290	152
Lite-On Technology Corp.	124,000	468
Macronix International Co. Ltd.	51,000	50
MediaTek, Inc.	32,000	732
Micro-Star International Co. Ltd.	29,000	147
Mitac Holdings Corp.	69,000	87
Nan Ya Printed Circuit Board Corp.	2,000	17
Nanya Technology Corp.	16,000	33
Novatek Microelectronics Corp.	7,000	92
Pegatron Corp.	112,000	266
Powerchip Semiconductor Manufacturing Corp.	25,000	21
Powertech Technology, Inc.	36,000	113
Primax Electronics Ltd.	17,000	36
Qisda Corp.	84,000	116
Quanta Computer, Inc.	175,000	1,310
Radiant Opto-Electronics Corp.	16,000	61
Realtek Semiconductor Corp.	12,000	147
Silicon Motion Technology Corp.(b)	677	35
Supreme Electronics Co. Ltd.	29,861	51
Synnex Technology International Corp.	50,000	99
Taiwan Semiconductor Manufacturing Co. Ltd.	34,000	554
TPK Holding Co. Ltd.	24,000	25
Tripod Technology Corp.	20,000	119
Unimicron Technology Corp.	12,000	65
United Microelectronics Corp.	88,000	124
Walsin Technology Corp.	5,000	16
Winbond Electronics Corp.	36,000	28
Wistron Corp.	350,347	1,109
Wiwynn Corp.	1,000	47
WPG Holdings Ltd.	50,560	95
WT Microelectronics Co. Ltd.	19,000	66
Yageo Corp.	3,000	49
Zhen Ding Technology Holding Ltd.	31,000	95
		11,414
MATERIALS 1.2%
Asia Cement Corp.	51,000	63
Cheng Loong Corp.	11,000	10
China Steel Corp.	289,000	226
Eternal Materials Co. Ltd.	34,300	30
Formosa Chemicals & Fibre Corp.	40,000	76
Formosa Plastics Corp.	99,000	245
Nan Ya Plastics Corp.	65,000	134
TA Chen Stainless Pipe	12,000	14
Taiwan Cement Corp.	198,553	204
Taiwan Fertilizer Co. Ltd.	10,000	18
Tung Ho Steel Enterprise Corp.	20,020	38
YFY, Inc.	40,000	40
		1,098
REAL ESTATE 0.1%
Farglory Land Development Co. Ltd.	10,000	18
Highwealth Construction Corp.	27,396	33
Ruentex Development Co. Ltd.	25,380	28
		79
Total Taiwan		17,250
THAILAND 3.6%
COMMUNICATION SERVICES 0.3%
Advanced Info Service PCL	30,000	187
Digital Telecommunications Infrastructure Fund 'F'	190,000	48
Jasmine International PCL(b)	381,200	22
		257
CONSUMER DISCRETIONARY 0.1%
Home Product Center PCL	80,800	28

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Sri Trang Agro-Industry PCL	36,400	14
		42
CONSUMER STAPLES 0.5%
Berli Jucker PCL	22,700	19
Charoen Pokphand Foods PCL	215,900	123
CP ALL PCL	94,900	157
Thai Beverage PCL	234,500	99
Thai Union Group PCL 'F'	182,100	72
		470
ENERGY 1.0%
Bangchak Corp. PCL	75,700	85
Esso Thailand PCL	86,000	23
IRPC PCL	1,001,700	56
PTT PCL	659,100	605
Star Petroleum Refining PCL	148,500	37
Thai Oil PCL	78,600	108
		914
FINANCIALS 0.4%
Bangkok Bank PCL	19,200	88
Krung Thai Bank PCL	63,700	33
Thanachart Capital PCL	68,600	94
Tisco Financial Group PCL	24,800	67
TMBThanachart Bank PCL	1,238,400	59
		341
HEALTH CARE 0.4%
Bangkok Dusit Medical Services PCL 'F'	299,600	219
Bumrungrad Hospital PCL	13,200	97
Sri Trang Gloves Thailand PCL	73,700	14
		330
INDUSTRIALS 0.1%
Bangkok Expressway & Metro PCL	33,400	8
Delta Electronics Thailand PCL	47,000	106
		114
INFORMATION TECHNOLOGY 0.1%
Fabrinet(b)	314	52
MATERIALS 0.4%
PTT Global Chemical PCL	137,800	130
Siam Cement PCL	28,000	231
		361
REAL ESTATE 0.2%
Jasmine Broadband Internet Infrastructure Fund	275,000	51
Land & Houses PCL	544,100	116
Supalai PCL	64,900	36
		203
UTILITIES 0.1%
Electricity Generating PCL	8,900	30
Gulf Energy Development PCL	30,500	38
Ratch Group PCL	24,550	21
		89
Total Thailand		3,173
TURKEY 1.6%
COMMUNICATION SERVICES 0.2%
Turk Telekomunikasyon AS(b)	17,286	15
Turkcell Iletisim Hizmetleri AS	55,407	107
		122
CONSUMER DISCRETIONARY 0.2%
Arcelik AS	6,280	37
Ford Otomotiv Sanayi AS	2,167	67
Tofas Turk Otomobil Fabrikasi AS	3,080	33

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Vestel Elektronik Sanayi ve Ticaret AS(b)	18,191	42
		179
CONSUMER STAPLES 0.4%
Anadolu Efes Biracilik Ve Malt Sanayii AS	20,485	79
BIM Birlesik Magazalar AS	25,930	260
Coca-Cola Icecek AS	2,035	29
		368
ENERGY 0.0%
Turkiye Petrol Rafinerileri AS	4,965	29
FINANCIALS 0.3%
Akbank TAS	30,134	37
Haci Omer Sabanci Holding AS	11,421	25
Is Yatirim Menkul Degerler AS	93,376	138
Turkiye Halk Bankasi AS(b)	22,371	13
Yapi ve Kredi Bankasi AS	26,718	18
		231
INDUSTRIALS 0.4%
AG Anadolu Grubu Holding AS	6,100	48
Aselsan Elektronik Sanayi Ve Ticaret AS	20,424	30
Enka Insaat ve Sanayi AS	51,621	65
KOC Holding AS	10,607	57
Tekfen Holding AS	25,300	49
Turk Hava Yollari AO(b)	5,521	49
Turkiye Sise ve Cam Fabrikalari AS	38,552	77
		375
MATERIALS 0.1%
Eregli Demir ve Celik Fabrikalari TAS	53,397	87
Petkim Petrokimya Holding AS(b)	26,659	19
		106
UTILITIES 0.0%
Aygaz AS	1	0
Enerjisa Enerji AS	11,718	22
		22
Total Turkey		1,432
UNITED ARAB EMIRATES 0.6%
COMMUNICATION SERVICES 0.1%
Emirates Telecommunications Group Co. PJSC	13,197	73
CONSUMER DISCRETIONARY 0.1%
Abu Dhabi National Oil Co. for Distribution PJSC	60,536	62
ENERGY 0.0%
ADNOC Drilling Co. PJSC	28,461	31
FINANCIALS 0.3%
Abu Dhabi Islamic Bank PJSC	13,364	41
Dubai Islamic Bank PJSC	40,034	64
Emirates NBD Bank PJSC	4,467	21
First Abu Dhabi Bank PJSC	31,824	118
		244
MATERIALS 0.0%
Borouge PLC	23,828	17
REAL ESTATE 0.1%
Emaar Development PJSC	29,222	56
UTILITIES 0.0%
Abu Dhabi National Energy Co. PJSC	33,701	32

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Total United Arab Emirates		515
UNITED KINGDOM 0.2%
MATERIALS 0.2%
Anglogold Ashanti PLC	9,541	153
Total United Kingdom		153
Total Common Stocks (Cost $86,849)		85,373
PREFERRED STOCKS 3.3%
BRAZIL 3.3%
BANKING & FINANCE 0.1%
Banco do Estado do Rio Grande do Sul SA	22,248	54
ENERGY 2.2%
Petroleo Brasileiro SA	288,298	1,987
MATERIALS 0.7%
Braskem SA	24,990	102
Gerdau SA	44,679	215
Metalurgica Gerdau SA	92,592	205
Usinas Siderurgicas de Minas Gerais SA Usiminas	82,500	109
		631
UTILITIES 0.3%
Cia Energetica de Minas Gerais	70,090	173
CTEEP-Cia de Transmissao de Energia Eletrica Paulista	17,621	82
		255
Total Brazil		2,927
CHILE 0.0%
INDUSTRIALS 0.0%
Embotelladora Andina SA	8,013	18
Total Chile		18
RUSSIA 0.0%
ENERGY 0.0%
Bashneft PJSC «	2,929	0
Transneft PJSC «(d)	22	0
		0
Total Russia		0
Total Preferred Stocks (Cost $2,072)		2,945
REAL ESTATE INVESTMENT TRUSTS 0.1%
MEXICO 0.0%
REAL ESTATE 0.0%
Fibra Uno Administracion SA de CV	10,945	18
Total Mexico		18
SOUTH AFRICA 0.0%
REAL ESTATE 0.0%
Growthpoint Properties Ltd.	24,962	14
Total South Africa		14
TURKEY 0.1%
REAL ESTATE 0.1%
Emlak Konut Gayrimenkul Yatirim Ortakligi AS	69,266	21

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

Total Turkey			21
Total Real Estate Investment Trusts (Cost $57)			53
RIGHTS 0.0%
CHILE 0.0%
FINANCIALS 0.0%
Banco de Credito e Inversiones SA - Exp. 10/21/2023(b)	1		0
Total Chile			0
SOUTH KOREA 0.0%
INDUSTRIALS 0.0%
Hanwha Ocean Co. Ltd. - Exp. 11/09/2023(b)	210		1
Total South Korea			1
Total Rights (Cost $0)			1
SHORT-TERM INSTRUMENTS 0.5%
REPURCHASE AGREEMENTS (f) 0.5%			479
Total Short-Term Instruments (Cost $479)			479
Total Investments in Securities (Cost $89,457)			88,851
INVESTMENTS IN AFFILIATES 0.0%
SHORT-TERM INSTRUMENTS 0.0%
MUTUAL FUNDS 0.0%
PIMCO Government Money Market Fund 5.460% (c)(d)(e)	6,569		7
Total Short-Term Instruments (Cost $7)			7
Total Investments in Affiliates (Cost $7)			7
Total Investments 99.7% (Cost $89,464)		$	88,858
Other Assets and Liabilities, net 0.3%			282
Net Assets 100.0%		$	89,140

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:
* A zero balance may reflect actual amounts rounding to less than one thousand.
¤		The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.
^		Security is in default.
«		Security valued using significant unobservable inputs (Level 3).
(a)		Security is not accruing income as of the date of this report.
(b)		Security did not produce income within the last twelve month.
(c)		Institutional Class Shares of each Fund.
(d)		Securities with an aggregate market value of $6 were out on loan in exchange for $7 of cash collateral as of September 30, 2023.
(e)		Coupon represents a 7-Day Yield.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(f)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date	Maturity Date		Principal Amount		Collateralized By						Collateral (Received)				Repurchase Agreements, at Value			Repurchase Agreement Proceeds to be Received(1)
FICC			2.600%	09/29/2023	10/02/2023	$	479		U.S. Treasury Notes 0.750% due 04/30/2026					$		(489)		$		479	$		479
Total Repurchase Agreements														$		(489)		$		479	$		479
(1)		Includes accrued interest.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1			Level 2		Level 3				Fair Value at 09/30/2023
Investments in Securities, at Value
Common Stocks
	Brazil
		Communication Services						$		240	$	0	$	0			$			240
		Consumer Discretionary								472		0		0						472
		Consumer Staples								764		0		0						764
		Energy								228		0		0						228
		Financials								330		0		0						330
		Health Care								29		0		0						29
		Industrials								162		0		0						162
		Materials								1,278		0		0						1,278
		Utilities								297		0		0						297
	Chile
		Consumer Staples								101		65		0						166
		Energy								43		0		0						43
		Financials								37		265		0						302
		Materials								32		0		0						32
		Utilities								93		39		0						132
	China
		Communication Services								875		973		0						1,848
		Consumer Discretionary								265		1,140		0						1,405
		Consumer Staples								145		807		0						952
		Energy								0		2,286		0						2,286
		Financials								49		5,030		0						5,079
		Health Care								33		920		0						953
		Industrials								198		2,595		0						2,793
		Information Technology								0		1,580		0						1,580
		Materials								35		2,104		0						2,139
		Real Estate								0		1,146		0						1,146
		Utilities								85		861		0						946
	Greece
		Communication Services								0		56		0						56
		Consumer Discretionary								52		58		0						110
		Energy								18		0		0						18
		Financials								0		150		0						150
		Industrials								21		15		0						36
		Utilities								0		27		0						27
	Hong Kong
		Financials								0		447		0						447
		Industrials								0		116		0						116
		Materials								0		15		0						15

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

	Real Estate	0	47	0	47
	Utilities	0	504	0	504
India
	Communication Services	0	191	0	191
	Consumer Discretionary	0	594	0	594
	Consumer Staples	0	1,275	0	1,275
	Energy	0	1,116	0	1,116
	Financials	0	1,498	82	1,580
	Health Care	0	590	0	590
	Industrials	35	384	0	419
	Information Technology	0	2,118	0	2,118
	Materials	80	1,394	2	1,476
	Real Estate	0	41	0	41
	Utilities	13	1,000	0	1,013
Indonesia
	Communication Services	16	238	0	254
	Consumer Staples	88	73	0	161
	Energy	53	113	0	166
	Financials	0	489	0	489
	Health Care	0	44	0	44
	Materials	0	28	0	28
Ireland
	Consumer Discretionary	352	0	0	352
Kuwait
	Communication Services	0	70	0	70
	Consumer Discretionary	3	0	0	3
	Financials	3	220	0	223
	Industrials	0	54	0	54
	Real Estate	0	13	0	13
Malaysia
	Communication Services	24	111	0	135
	Consumer Discretionary	0	92	0	92
	Consumer Staples	22	92	0	114
	Energy	17	0	0	17
	Financials	0	539	0	539
	Health Care	0	181	0	181
	Industrials	58	98	0	156
	Materials	0	110	0	110
	Utilities	18	99	0	117
Mexico
	Communication Services	84	0	0	84
	Consumer Staples	1,080	0	0	1,080
	Financials	200	0	0	200
	Industrials	146	0	0	146
	Materials	471	0	0	471
Netherlands
	Real Estate	22	0	0	22
Philippines
	Communication Services	0	85	0	85
	Consumer Staples	0	28	0	28
	Financials	0	43	0	43
	Industrials	0	42	0	42
	Utilities	29	0	0	29
Poland
	Communication Services	0	56	0	56
	Energy	0	33	0	33
	Financials	0	284	0	284
	Information Technology	0	7	0	7
	Materials	0	62	0	62
	Utilities	0	100	0	100
Qatar
	Communication Services	34	0	0	34
	Energy	10	23	0	33
	Financials	72	199	0	271
	Industrials	0	141	0	141
	Real Estate	0	28	0	28
	Utilities	0	11	0	11
Russia
	Financials	0	0	1	1
Saudi Arabia
	Communication Services	62	396	0	458
	Consumer Discretionary	52	0	0	52
	Consumer Staples	0	188	0	188
	Energy	0	749	0	749
	Financials	58	24	0	82
	Health Care	0	77	0	77
	Information Technology	0	35	0	35
	Materials	13	655	0	668
	Real Estate	12	15	0	27
	Utilities	0	98	0	98
South Africa
	Communication Services	348	29	0	377
	Consumer Discretionary	212	319	0	531
	Consumer Staples	394	57	0	451

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

		Energy		92		0		0		92
		Financials		18		281		0		299
		Health Care		101		0		0		101
		Industrials		136		0		0		136
		Materials		148		665		0		813
	South Korea
		Communication Services		0		920		0		920
		Consumer Discretionary		0		3,254		0		3,254
		Consumer Staples		0		595		0		595
		Energy		0		574		0		574
		Financials		0		1,893		0		1,893
		Industrials		0		1,985		0		1,985
		Information Technology		0		1,640		0		1,640
		Materials		0		2,298		0		2,298
		Utilities		0		307		0		307
	Taiwan
		Communication Services		0		644		0		644
		Consumer Discretionary		0		570		0		570
		Consumer Staples		0		306		0		306
		Energy		0		65		0		65
		Financials		0		2,641		0		2,641
		Industrials		0		433		0		433
		Information Technology		35		11,379		0		11,414
		Materials		0		1,098		0		1,098
		Real Estate		0		79		0		79
	Thailand
		Communication Services		0		257		0		257
		Consumer Discretionary		0		42		0		42
		Consumer Staples		0		470		0		470
		Energy		0		914		0		914
		Financials		0		341		0		341
		Health Care		0		330		0		330
		Industrials		0		114		0		114
		Information Technology		52		0		0		52
		Materials		0		361		0		361
		Real Estate		0		203		0		203
		Utilities		0		89		0		89
	Turkey
		Communication Services		15		107		0		122
		Consumer Discretionary		67		112		0		179
		Consumer Staples		79		289		0		368
		Energy		0		29		0		29
		Financials		151		80		0		231
		Industrials		49		326		0		375
		Materials		19		87		0		106
		Utilities		0		22		0		22
	United Arab Emirates
		Communication Services		73		0		0		73
		Consumer Discretionary		62		0		0		62
		Energy		31		0		0		31
		Financials		41		203		0		244
		Materials		0		17		0		17
		Real Estate		0		56		0		56
		Utilities		32		0		0		32
	United Kingdom
		Materials		0		153		0		153
Preferred Stocks
	Brazil
		Banking & Finance		54		0		0		54
		Energy		1,987		0		0		1,987
		Materials		631		0		0		631
		Utilities		255		0		0		255
	Chile
		Industrials		18		0		0		18
Real Estate Investment Trusts
	Mexico
		Real Estate		18		0		0		18
	South Africa
		Real Estate		14		0		0		14
	Turkey
		Real Estate		21		0		0		21
Rights
	South Korea
		Industrials		0		1		0		1
Short-Term Instruments
	Repurchase Agreements			0		479		0		479
			$	14,162	$	74,604	$	85	$	88,851
Investments in Affiliates, at Value
Short-Term Instruments
	Mutual Funds			7		0		0		7
Total Investments			$	14,169	$	74,604	$	85	$	88,858

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF(Cont.) September 30, 2023 (Unaudited)

There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 99.4% ¤
COMMON STOCKS 96.7%
AUSTRALIA 5.2%
COMMUNICATION SERVICES 0.2%
carsales.com Ltd.	3,808	$	68
Nine Entertainment Co. Holdings Ltd.	8,487		11
REA Group Ltd.	1,028		102
SEEK Ltd.	3,211		45
			226
CONSUMER DISCRETIONARY 0.6%
Aristocrat Leisure Ltd.	4,346		114
Breville Group Ltd.	3,712		52
Domino's Pizza Enterprises Ltd.	1,615		55
Flight Centre Travel Group Ltd.	3,259		40
GUD Holdings Ltd.	2,093		16
Harvey Norman Holdings Ltd.	15,153		38
JB Hi-Fi Ltd.	1,750		51
Premier Investments Ltd.	1,210		19
Super Retail Group Ltd.	6,745		51
Tabcorp Holdings Ltd.	13,259		8
Wesfarmers Ltd.	14,649		496
			940
CONSUMER STAPLES 0.4%
Coles Group Ltd.	16,143		161
GrainCorp Ltd. 'A'	12,902		58
Metcash Ltd.	34,586		84
Woolworths Group Ltd.	16,728		401
			704
ENERGY 0.3%
Ampol Ltd.	7,355		159
New Hope Corp. Ltd.	3,777		15
Santos Ltd.	4,529		23
Viva Energy Group Ltd.	28,839		55
Whitehaven Coal Ltd.	17,285		78
Woodside Energy Group Ltd.	6,740		157
			487
FINANCIALS 0.8%
AMP Ltd.	89,044		72
ANZ Group Holdings Ltd.	2,567		42
ASX Ltd.	1,889		69
Bank of Queensland Ltd.	9,067		33
Bendigo & Adelaide Bank Ltd.	8,311		47
Insurance Australia Group Ltd.	15,004		55
Magellan Financial Group Ltd.	2,755		16
Medibank Pvt Ltd.	63,364		140
National Australia Bank Ltd.	9,005		167
NIB Holdings Ltd.	8,128		39
Perpetual Ltd.	3,506		47
QBE Insurance Group Ltd.	14,101		141
Suncorp Group Ltd.	35,367		315
Westpac Banking Corp.	9,500		128
			1,311
HEALTH CARE 0.3%
Ansell Ltd.	3,411		48
Cochlear Ltd.	772		127
CSL Ltd.	1,782		287

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Sonic Healthcare Ltd.	4,420	84
		546
INDUSTRIALS 0.6%
ALS Ltd.	5,483	40
Aurizon Holdings Ltd.	52,502	117
Brambles Ltd.	32,809	301
Computershare Ltd.	3,918	65
Downer EDI Ltd.	13,442	36
McMillan Shakespeare Ltd.	1,686	17
Monadelphous Group Ltd.	3,743	34
Qantas Airways Ltd.(a)	13,584	45
Reece Ltd.	4,675	56
Seven Group Holdings Ltd.	1,823	36
Transurban Group	19,377	158
Worley Ltd.	7,807	87
		992
INFORMATION TECHNOLOGY 0.1%
WiseTech Global Ltd.	2,526	105
MATERIALS 1.6%
BHP Group Ltd.	17,777	499
BlueScope Steel Ltd.	12,199	151
Brickworks Ltd.	934	15
Champion Iron Ltd.	3,388	14
CSR Ltd.	15,959	58
Evolution Mining Ltd.	6,844	14
Fortescue Metals Group Ltd.	42,617	567
IGO Ltd.	8,883	71
Iluka Resources Ltd.	8,824	43
Incitec Pivot Ltd.	44,580	89
Mineral Resources Ltd.	1,356	58
Newcrest Mining Ltd.	10,518	166
Northern Star Resources Ltd.	14,458	96
Orica Ltd.	6,085	61
Regis Resources Ltd.	15,969	15
Rio Tinto Ltd.	6,924	499
Sandfire Resources Ltd.	4,074	16
Sims Ltd.	7,465	64
		2,496
REAL ESTATE 0.0%
Lendlease Corp. Ltd.	9,695	45
UTILITIES 0.3%
AGL Energy Ltd.	27,415	188
APA Group	9,061	48
Origin Energy Ltd.	51,998	293
		529
Total Australia		8,381
AUSTRIA 0.2%
ENERGY 0.1%
OMV AG	1,652	79
FINANCIALS 0.0%
UNIQA Insurance Group AG	6,330	51
INDUSTRIALS 0.0%
Andritz AG	1,051	53
MATERIALS 0.1%
voestalpine AG	3,110	85
REAL ESTATE 0.0%
CA Immobilien Anlagen AG	1,986	66
UTILITIES 0.0%
Verbund AG	508	41

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Total Austria		375
BELGIUM 0.3%
COMMUNICATION SERVICES 0.0%
Proximus SADP	5,017	41
CONSUMER STAPLES 0.1%
Etablissements Franz Colruyt NV	2,028	88
Lotus Bakeries NV	5	40
		128
ENERGY 0.0%
Euronav NV	1,523	25
FINANCIALS 0.1%
Ageas SA	1,027	42
Gimv NV	696	30
KBC Group NV	1,149	72
		144
HEALTH CARE 0.1%
UCB SA	664	54
INDUSTRIALS 0.0%
Ackermans & Van Haaren NV	279	42
INFORMATION TECHNOLOGY 0.0%
Barco NV	2,398	47
MATERIALS 0.0%
Solvay SA	478	53
Total Belgium		534
CANADA 7.2%
COMMUNICATION SERVICES 0.3%
BCE, Inc.	8,782	335
Cineplex, Inc.(a)	5,107	36
Cogeco Communications, Inc.	624	29
Quebecor, Inc. 'B'	2,392	51
TELUS Corp.	5,282	86
		537
CONSUMER DISCRETIONARY 1.1%
BRP, Inc.	600	45
Canada Goose Holdings, Inc.(a)	1,384	20
Canadian Tire Corp. Ltd. 'A'	1,501	161
Dollarama, Inc.	3,069	212
Gildan Activewear, Inc.	3,357	94
Linamar Corp.	720	35
Lululemon Athletica, Inc.(a)	737	284
Magna International, Inc.	11,980	642
Restaurant Brands International, Inc.	3,509	234
Spin Master Corp.	1,300	33
		1,760
CONSUMER STAPLES 0.7%
Alimentation Couche-Tard, Inc.	3,300	168
Empire Co. Ltd. 'A'	5,666	154
George Weston Ltd.	1,493	166
Loblaw Cos., Ltd.	2,768	235
Maple Leaf Foods, Inc.	1,539	30
Metro, Inc.	3,027	157
North West Co., Inc.	1,598	40
Premium Brands Holdings Corp.	598	42
Saputo, Inc.	3,595	75
		1,067
ENERGY 1.2%
ARC Resources Ltd.	10,686	171
Birchcliff Energy Ltd.	6,831	39
Canadian Natural Resources Ltd.	700	45
Cenovus Energy, Inc.	5,876	122

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Crescent Point Energy Corp.	40,590	336
Enerplus Corp.	4,988	88
Gibson Energy, Inc.	4,192	60
Imperial Oil Ltd.	5,666	349
MEG Energy Corp.(a)	6,120	119
Parex Resources, Inc.	900	17
Peyto Exploration & Development Corp.	6,787	68
Precision Drilling Corp.(a)	716	48
Suncor Energy, Inc.	9,974	343
Teekay Tankers Ltd. 'A'	566	24
Whitecap Resources, Inc.	14,403	122
		1,951
FINANCIALS 0.8%
Canadian Imperial Bank of Commerce	1,839	71
CI Financial Corp.	8,567	98
Element Fleet Management Corp.	3,416	49
Fairfax Financial Holdings Ltd.	450	367
Great-West Lifeco, Inc.	2,182	62
IA Financial Corp., Inc.	840	53
IGM Financial, Inc.	1,567	40
Intact Financial Corp.	1,380	201
Manulife Financial Corp.	6,840	125
Onex Corp.	836	49
Power Corp. of Canada	5,046	128
TMX Group Ltd.	600	13
		1,256
INDUSTRIALS 1.1%
Aecon Group, Inc.	4,052	34
Air Canada(a)	5,100	73
Bombardier, Inc. 'B'(a)	720	25
Boyd Group Services, Inc.	480	85
Canadian National Railway Co.	2,282	247
Canadian Pacific Kansas City Ltd.	3,146	234
Finning International, Inc.	3,392	100
GFL Environmental, Inc.	2,704	86
RB Global, Inc.	1,419	89
Russel Metals, Inc.	2,012	56
Stantec, Inc.	924	60
TFI International, Inc.	1,252	161
Thomson Reuters Corp.	2,549	312
Toromont Industries Ltd.	1,442	117
Westshore Terminals Investment Corp.	3,214	60
		1,739
INFORMATION TECHNOLOGY 0.7%
Canadian Solar, Inc.(a)	606	15
Celestica, Inc.(a)	6,572	161
CGI, Inc.(a)	4,726	466
Constellation Software, Inc.	66	136
Descartes Systems Group, Inc.(a)	232	17
Lightspeed Commerce, Inc.(a)	2,040	29
Open Text Corp.	2,463	86
Shopify, Inc. 'A'(a)	4,168	227
		1,137
MATERIALS 0.9%
Agnico Eagle Mines Ltd.	3,232	147
Alamos Gold, Inc.'A'	2,784	31
Barrick Gold Corp.	3,640	53
CCL Industries, Inc. 'B'	460	19
Eldorado Gold Corp.(a)	8,122	73
First Quantum Minerals Ltd.	6,192	146
Franco-Nevada Corp.	1,503	201
Interfor Corp.(a)	2,224	33
Ivanhoe Mines Ltd. 'A'(a)	1,900	16
Lundin Mining Corp.	2,200	16
Methanex Corp.	2,314	104
Osisko Gold Royalties Ltd.	1,732	20
Stelco Holdings, Inc.	1,882	52
Stella-Jones, Inc.	460	22
Teck Resources Ltd. 'B'	7,706	332
Transcontinental, Inc. 'A'	3,201	27
West Fraser Timber Co. Ltd.	1,416	103
Wheaton Precious Metals Corp.	3,789	154
		1,549
REAL ESTATE 0.1%
Colliers International Group, Inc.	457	44

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

FirstService Corp.	531	77
		121
UTILITIES 0.3%
Algonquin Power & Utilities Corp.	2,603	16
Atco Ltd. 'I'	2,529	64
Canadian Utilities Ltd. 'A	1,718	36
Emera, Inc.	2,707	95
Fortis, Inc.	3,153	120
Hydro One Ltd.	4,371	111
Northland Power, Inc.	2,348	38
Superior Plus Corp.	4,920	37
TransAlta Renewables, Inc.	2,865	26
		543
Total Canada		11,660
CHILE 0.1%
MATERIALS 0.1%
Antofagasta PLC	4,437	77
Total Chile		77
DENMARK 2.0%
CONSUMER DISCRETIONARY 0.1%
GN Store Nord AS	1,255	23
Pandora AS	1,026	106
		129
CONSUMER STAPLES 0.1%
Carlsberg AS 'B'	622	78
Royal Unibrew AS	719	56
Scandinavian Tobacco Group AS 'A'	2,916	44
		178
FINANCIALS 0.1%
Danske Bank AS	1,962	45
Jyske Bank AS(a)	232	17
Sydbank AS	1,684	80
Topdanmark AS	1,149	50
		192
HEALTH CARE 1.2%
Coloplast AS 'B'	493	52
Demant AS(a)	1,320	55
Novo Nordisk AS	20,145	1,834
		1,941
INDUSTRIALS 0.4%
AP Moller - Maersk AS 'B'	151	272
DS Norden AS	1,748	97
DSV AS	819	152
ISS AS	2,857	44
Rockwool AS 'B'	102	25
Solar AS 'B'	416	28
		618
MATERIALS 0.1%
CHR Hansen Holding AS	662	40
Novozymes AS 'B'	2,301	93
		133
UTILITIES 0.0%
Orsted AS	960	52
Total Denmark		3,243
FINLAND 0.9%
COMMUNICATION SERVICES 0.0%
Elisa Oyj	1,492	69

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

CONSUMER STAPLES 0.1%
Kesko Oyj 'B'	4,512	81
ENERGY 0.1%
Neste Oyj	2,659	90
FINANCIALS 0.2%
Nordea Bank Abp	10,703	117
Sampo Oyj 'A'	4,417	191
		308
HEALTH CARE 0.0%
Orion Oyj 'B'	1,617	64
INDUSTRIALS 0.2%
Cargotec Oyj 'B'	896	38
Kone Oyj 'B'	3,724	157
Metso Oyj	5,268	55
Wartsila Oyj Abp	6,078	69
		319
INFORMATION TECHNOLOGY 0.1%
TietoEVRY Oyj	4,380	98
MATERIALS 0.2%
Kemira Oyj	3,325	52
Outokumpu Oyj	12,249	51
Stora Enso Oyj 'R'	6,357	80
UPM-Kymmene Oyj	3,839	131
		314
REAL ESTATE 0.0%
Citycon Oyj	6,873	39
Kojamo Oyj	3,056	27
		66
UTILITIES 0.0%
Fortum Oyj	3,978	46
Total Finland		1,455
FRANCE 7.5%
COMMUNICATION SERVICES 0.9%
Eutelsat Communications SA	9,697	57
Metropole Television SA	2,722	34
Orange SA	95,986	1,101
Publicis Groupe SA	2,420	183
Television Francaise SA	3,865	30
Ubisoft Entertainment SA(a)	542	18
		1,423
CONSUMER DISCRETIONARY 1.6%
Accor SA	1,053	35
Cie Generale des Etablissements Michelin SCA	4,266	131
Forvia SE	6,259	129
Hermes International SCA	250	456
Kering SA	300	136
LVMH Moet Hennessy Louis Vuitton SE	965	728
Renault SA	20,345	833
SEB SA	579	54
Sodexo SA	630	65
Valeo SE	7,526	129
		2,696
CONSUMER STAPLES 0.7%
Carrefour SA	28,408	488
Casino Guichard Perrachon SA(a)	2,993	4
Danone SA	2,528	139
L'Oreal SA	1,022	424
Pernod Ricard SA	385	64

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Remy Cointreau SA	180	22
		1,141
ENERGY 0.3%
Technip Energies NV	662	16
TotalEnergies SE	8,407	553
		569
FINANCIALS 0.9%
BNP Paribas SA	3,622	230
Credit Agricole SA	3,227	40
Edenred SE	1,362	85
SCOR SE	3,156	98
Societe Generale SA	38,649	935
Worldline SA(a)	1,641	46
		1,434
HEALTH CARE 0.3%
BioMerieux	512	49
Sanofi	3,526	379
Sartorius Stedim Biotech	180	43
		471
INDUSTRIALS 1.9%
Air France-KLM(a)	1,208	15
Airbus SE	3,732	500
Alstom SA	3,597	85
Bouygues SA	7,825	274
Bureau Veritas SA	4,802	119
Cie de Saint-Gobain SA	4,653	278
Dassault Aviation SA	518	98
Elis SA	3,324	58
Legrand SA	758	70
Nexans SA	952	77
Rexel SA	11,125	249
Safran SA	3,009	472
Societe BIC SA	963	63
Thales SA	1,447	203
Vinci SA	4,524	501
		3,062
INFORMATION TECHNOLOGY 0.2%
Alten SA	413	54
Sopra Steria Group SACA	522	108
STMicroelectronics NV	2,570	111
		273
MATERIALS 0.2%
Air Liquide SA	1,561	263
Eramet SA	220	17
Vicat SACA	1,387	42
		322
UTILITIES 0.5%
Engie SA	53,521	821
Total France		12,212
GERMANY 6.2%
COMMUNICATION SERVICES 0.2%
CTS Eventim AG & Co. KGaA	787	45
Deutsche Telekom AG	4,345	91
Freenet AG	4,139	97
ProSiebenSat.1 Media SE	4,582	31
Scout24 SE	818	57
Telefonica Deutschland Holding AG	27,772	49
		370
CONSUMER DISCRETIONARY 1.9%
Adidas AG	1,444	253
Bayerische Motoren Werke AG	12,413	1,261
Continental AG	5,581	392
Fielmann Group AG	897	39
Hornbach Holding AG & Co. KGaA	722	46
Hugo Boss AG	1,919	121

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Mercedes-Benz Group AG	9,864	686
Puma SE	910	56
TUI AG(a)	2,848	16
Vitesco Technologies Group AG 'A'(a)	1,415	115
Zalando SE(a)	2,062	46
		3,031
CONSUMER STAPLES 0.1%
Beiersdorf AG	797	103
HelloFresh SE(a)	502	15
Metro AG(a)	7,736	53
Suedzucker AG	3,212	48
		219
FINANCIALS 1.1%
Allianz SE	1,102	262
Commerzbank AG	57,056	648
Deutsche Bank AG	27,418	301
Deutsche Boerse AG	1,080	186
Deutsche Pfandbriefbank AG	7,473	53
Hannover Rueck SE	435	95
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen	402	157
Talanx AG(a)	1,324	84
		1,786
HEALTH CARE 0.2%
Carl Zeiss Meditec AG	420	36
Fresenius Medical Care AG & Co. KGaA	1,234	53
Fresenius SE & Co. KGaA	1,891	59
Gerresheimer AG	593	62
Merck KGaA	277	46
Siemens Healthineers AG	1,598	81
		337
INDUSTRIALS 1.2%
Bilfinger SE	1,592	54
Deutsche Lufthansa AG	37,480	297
Deutsche Post AG	11,523	467
Duerr AG	490	13
GEA Group AG	648	24
Hapag-Lloyd AG	308	56
Hochtief AG	353	36
KION Group AG	573	22
Kloeckner & Co. SE	4,420	45
Knorr-Bremse AG	728	46
Krones AG	806	83
MTU Aero Engines AG	411	74
Nordex SE(a)	1,431	18
Rational AG	52	33
Rheinmetall AG	207	53
Siemens AG	4,518	646
		1,967
INFORMATION TECHNOLOGY 0.7%
Infineon Technologies AG	4,535	150
SAP SE	7,082	917
		1,067
MATERIALS 0.6%
BASF SE	4,220	191
Covestro AG	6,482	349
HeidelbergCement AG	683	53
K&S AG	8,369	151
Salzgitter AG	2,730	72
Symrise AG	454	43
thyssenkrupp AG	2,554	20
		879
REAL ESTATE 0.1%
LEG Immobilien SE	1,416	97
TAG Immobilien AG	3,362	35
Vonovia SE	4,036	97
		229
UTILITIES 0.1%
E.ON SE	14,794	175

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Total Germany		10,060
HONG KONG 1.8%
COMMUNICATION SERVICES 0.1%
HKBN Ltd.	47,000	19
HKT Trust & HKT Ltd.	66,000	69
PCCW Ltd.	179,295	82
		170
CONSUMER DISCRETIONARY 0.2%
Bosideng International Holdings Ltd.	120,000	51
China Education Group Holdings Ltd.	18,000	15
Chow Tai Fook Jewellery Group Ltd.	36,400	55
Galaxy Entertainment Group Ltd.	7,000	42
Man Wah Holdings Ltd.	24,000	17
Melco Resorts & Entertainment Ltd.(a)	1,809	18
SJM Holdings Ltd.(a)	29,000	11
Skyworth Group Ltd.	104,000	39
		248
CONSUMER STAPLES 0.0%
Alibaba Health Information Technology Ltd.(a)	20,000	12
WH Group Ltd.	91,000	48
		60
FINANCIALS 0.4%
AIA Group Ltd.	28,200	228
Futu Holdings Ltd.(a)	927	53
Hong Kong Exchanges & Clearing Ltd.	6,700	249
Prudential PLC	15,328	165
		695
INDUSTRIALS 0.4%
Cathay Pacific Airways Ltd.(a)	66,000	68
CK Hutchison Holdings Ltd.	31,000	165
Hutchison Port Holdings Trust	269,900	46
Jardine Matheson Holdings Ltd.	2,600	120
MTR Corp. Ltd.	29,000	114
NWS Holdings Ltd.	57,000	65
Pacific Basin Shipping Ltd.	97,000	28
Xinyi Glass Holdings Ltd.	24,000	31
		637
INFORMATION TECHNOLOGY 0.1%
Cowell e Holdings, Inc.(a)	19,000	38
Kingboard Holdings Ltd.	14,700	33
Kingboard Laminates Holdings Ltd.	32,000	22
		93
REAL ESTATE 0.4%
CK Asset Holdings Ltd.	30,000	158
Hongkong Land Holdings Ltd.	21,200	76
Hopson Development Holdings Ltd.	46,285	28
New World Development Co. Ltd.	28,000	54
Sino Land Co. Ltd.	10,000	11
Sun Hung Kai Properties Ltd.	19,000	203
Swire Pacific Ltd. 'A'	12,500	84
Wharf Holdings Ltd.	21,000	52
Wharf Real Estate Investment Co. Ltd.	3,000	12
		678
UTILITIES 0.2%
China Gas Holdings Ltd.	11,800	11
CLP Holdings Ltd.	16,600	122
HK Electric Investments & HK Electric Investments Ltd.	41,500	24
Hong Kong & China Gas Co. Ltd.	51,972	36

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Power Assets Holdings Ltd.	10,500	51
		244
Total Hong Kong		2,825
IRELAND 1.2%
CONSUMER DISCRETIONARY 0.1%
Flutter Entertainment PLC(a)	804	131
CONSUMER STAPLES 0.1%
Glanbia PLC	5,702	94
Kerry Group PLC 'A'	1,268	106
		200
FINANCIALS 0.1%
Bank of Ireland Group PLC	9,516	93
HEALTH CARE 0.3%
Alkermes PLC(a)	987	28
ICON PLC(a)	655	161
Medtronic PLC	3,548	278
		467
INDUSTRIALS 0.4%
Allegion PLC	642	67
Cimpress PLC(a)	642	45
Experian PLC	5,249	172
Grafton Group PLC	4,295	47
Kingspan Group PLC	862	64
Trane Technologies PLC	1,316	267
		662
MATERIALS 0.2%
James Hardie Industries PLC	10,025	262
Smurfit Kappa Group PLC	1,267	42
		304
Total Ireland		1,857
ISRAEL 0.8%
COMMUNICATION SERVICES 0.1%
Bezeq The Israeli Telecommunication Corp. Ltd.	60,194	85
CONSUMER STAPLES 0.0%
Strauss Group Ltd.(a)	1,619	34
ENERGY 0.1%
Oil Refineries Ltd.	200,254	66
Paz Ashdod Refinery Ltd.(a)	269	8
Paz Oil Co. Ltd.(a)	269	22
		96
FINANCIALS 0.1%
Bank Hapoalim BM	12,635	113
Bank Leumi Le-Israel BM	18,097	150
Harel Insurance Investments & Financial Services Ltd.	4,683	37
Israel Discount Bank Ltd. 'A'	13,827	75
Mizrahi Tefahot Bank Ltd.	1,851	67
Plus500 Ltd.	1,802	30
		472
HEALTH CARE 0.1%
Teva Pharmaceutical Industries Ltd. SP - ADR(a)	9,836	100
INDUSTRIALS 0.1%
Danel Adir Yeoshua Ltd.	235	19
Elbit Systems Ltd.	255	51

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Electra Ltd.	36	14
		84
INFORMATION TECHNOLOGY 0.1%
Check Point Software Technologies Ltd.(a)	539	72
Monday.com Ltd.(a)	251	40
Nice Ltd.(a)	241	41
		153
MATERIALS 0.1%
ICL Group Ltd.	21,660	119
REAL ESTATE 0.1%
Africa Israel Residences Ltd.	489	25
Azrieli Group Ltd.	238	12
G City Ltd.	7,709	24
YH Dimri Construction & Development Ltd.	516	34
		95
Total Israel		1,238
ITALY 3.3%
COMMUNICATION SERVICES 0.3%
Infrastrutture Wireless Italiane SpA	5,041	60
MFE-MediaForEurope NV 'A'	44,034	19
MFE-MediaForEurope NV 'B'	15,451	10
Telecom Italia SpA(a)	1,313,346	409
		498
CONSUMER DISCRETIONARY 0.3%
Brembo SpA	4,464	55
Ferrari NV	799	236
Moncler SpA	2,333	135
		426
ENERGY 0.7%
Eni SpA	64,881	1,042
Saipem SpA	26,005	40
Saras SpA	46,240	66
		1,148
FINANCIALS 1.0%
Anima Holding SpA	10,914	46
Azimut Holding SpA	3,804	83
Banca Generali SpA	1,199	42
Banca IFIS SpA	4,168	72
Banca Mediolanum SpA	4,025	34
Banca Popolare di Sondrio SpA	14,755	76
Banco BPM SpA	30,752	146
BPER Banca	52,556	160
FinecoBank Banca Fineco SpA	5,060	61
Intesa Sanpaolo SpA	63,713	163
UniCredit SpA	22,990	548
Unipol Gruppo SpA	21,683	117
		1,548
HEALTH CARE 0.1%
Amplifon SpA	1,590	47
DiaSorin SpA	511	47
Recordati Industria Chimica e Farmaceutica SpA	1,801	85
		179
INDUSTRIALS 0.2%
Enav SpA	8,649	32
Interpump Group SpA	359	16
Iveco Group NV(a)	4,869	45
Leonardo SpA	21,554	311
		404
UTILITIES 0.7%
Enel SpA	149,460	917
ERG SpA	2,071	50
Iren SpA	17,963	34
Snam SpA	14,365	67

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Terna - Rete Elettrica Nazionale	14,087	106
		1,174
Total Italy		5,377
JAPAN 27.3%
COMMUNICATION SERVICES 2.0%
Avex, Inc.	3,700	36
Capcom Co. Ltd.	6,300	227
CyberAgent, Inc.	2,200	12
Fuji Media Holdings, Inc.	6,100	65
GungHo Online Entertainment, Inc.	1,800	28
Hakuhodo DY Holdings, Inc.	1,900	16
Internet Initiative Japan, Inc.	3,100	50
Kadokawa Corp.	3,500	70
KDDI Corp.	23,800	728
Koei Tecmo Holdings Co. Ltd.	700	10
Konami Group Corp.	400	21
Nexon Co. Ltd.	2,700	48
Nintendo Co. Ltd.	8,500	353
Nippon Telegraph & Telephone Corp.	600,000	710
Nippon Television Holdings, Inc.	6,500	66
Softbank Corp.	47,400	536
SoftBank Group Corp.	4,500	190
Square Enix Holdings Co. Ltd.	600	21
Toho Co. Ltd.	900	31
		3,218
CONSUMER DISCRETIONARY 5.1%
Adastria Co. Ltd.	1,900	37
Aisin Corp.	5,700	215
Arata Corp.	100	4
Asics Corp.	2,600	91
ASKUL Corp.	1,100	14
Bandai Namco Holdings, Inc.	7,000	142
Bridgestone Corp.	9,100	355
Casio Computer Co. Ltd.	5,100	43
DCM Holdings Co. Ltd.	8,700	71
EDION Corp.	5,600	55
Exedy Corp.	3,700	65
Fast Retailing Co. Ltd.	900	196
Food & Life Cos., Ltd.	3,200	54
Fujitsu General Ltd.	1,100	21
Geo Holdings Corp.	1,700	27
Goldwin, Inc.	500	34
Haseko Corp.	3,500	45
Heiwa Corp.	700	10
HIS Co. Ltd.(a)	2,300	28
Honda Motor Co. Ltd.	84,300	948
Iida Group Holdings Co. Ltd.	3,500	58
Isetan Mitsukoshi Holdings Ltd.	18,500	214
Isuzu Motors Ltd.	21,200	267
J Front Retailing Co. Ltd.	6,800	70
JTEKT Corp.	9,600	91
K's Holdings Corp.	8,100	74
Kohnan Shoji Co. Ltd.	2,900	76
Koito Manufacturing Co. Ltd.	3,100	47
Mazda Motor Corp.	39,200	445
McDonald's Holdings Co. Japan Ltd.	3,300	126
Mitsubishi Motors Corp.	30,400	133
NHK Spring Co. Ltd.	5,800	44
Nikon Corp.	8,100	85
Nishimatsuya Chain Co. Ltd.	3,800	41
Nissan Motor Co. Ltd.	130,200	575
Nitori Holdings Co. Ltd.	1,000	112
NOK Corp.	5,600	74
Oriental Land Co. Ltd.	6,400	210
PAL GROUP Holdings Co. Ltd.	2,800	36
Paltac Corp.	100	3
Pan Pacific International Holdings Corp.	4,400	92
Panasonic Holdings Corp.	9,700	109
Resorttrust, Inc.	900	13
Rinnai Corp.	300	6
Ryohin Keikaku Co. Ltd.	2,100	27
Saizeriya Co. Ltd.	2,500	81
Sangetsu Corp.	900	18
Sankyo Co. Ltd.	2,400	110
Sega Sammy Holdings, Inc.	3,600	66
Sekisui Chemical Co. Ltd.	3,900	56
Sekisui House Ltd.	5,700	113
Shimamura Co. Ltd.	800	79
Shimano, Inc.	500	67
Skylark Holdings Co. Ltd.	2,900	40

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Stanley Electric Co. Ltd.	2,800	44
Subaru Corp.	5,200	101
Sumitomo Electric Industries Ltd.	18,600	224
Sumitomo Forestry Co. Ltd.	5,100	129
Sumitomo Rubber Industries Ltd.	8,600	95
Suzuki Motor Corp.	5,300	213
Takashimaya Co. Ltd.	5,300	78
Tokai Rika Co. Ltd.	3,000	47
Tomy Co. Ltd.	3,700	53
Toyo Tire Corp.	3,800	58
Toyoda Gosei Co. Ltd.	3,400	73
Toyota Boshoku Corp.	5,600	102
Toyota Motor Corp.	17,100	307
TS Tech Co. Ltd.	3,600	41
USS Co. Ltd.	3,600	60
Wacoal Holdings Corp.	700	16
Yamada Holdings Co. Ltd.	50,300	155
Yamaha Corp.	700	19
Yamaha Motor Co. Ltd.	4,300	113
Yokohama Rubber Co. Ltd.	1,500	31
Yoshinoya Holdings Co. Ltd.	2,500	47
Zensho Holdings Co. Ltd.	3,000	130
ZOZO, Inc.	1,100	20
		8,269
CONSUMER STAPLES 2.8%
Aeon Co. Ltd.	6,700	133
Ain Holdings, Inc.	100	3
Ajinomoto Co., Inc.	12,200	470
Asahi Group Holdings Ltd.	500	19
Axial Retailing, Inc.	900	23
Belc Co. Ltd.	1,000	46
Calbee, Inc.	2,600	49
Cawachi Ltd.	2,800	47
Earth Corp.	100	3
Fuji Oil Holdings, Inc.	6,200	94
H2O Retailing Corp.	2,100	26
House Foods Group, Inc.	2,500	52
Itoham Yonekyu Holdings, Inc.	1,920	52
Japan Tobacco, Inc.	31,900	734
Kagome Co. Ltd.	2,300	50
Kameda Seika Co. Ltd.	2,000	55
Kao Corp.	7,300	271
Kewpie Corp.	2,900	47
Kikkoman Corp.	700	37
Kirin Holdings Co. Ltd.	15,000	210
Kobe Bussan Co. Ltd.	2,200	52
Kose Corp.	100	7
Lawson, Inc.	800	37
Maruha Nichiro Corp.	2,700	46
MatsukiyoCocokara & Co.	1,800	32
MEIJI Holdings Co. Ltd.	6,000	149
Mitsubishi Shokuhin Co. Ltd.	2,500	65
Mitsui DM Sugar Holdings Co. Ltd.	3,300	66
Morinaga & Co. Ltd.	2,300	83
Morinaga Milk Industry Co. Ltd.	800	30
NH Foods Ltd.	3,600	108
Nichirei Corp.	700	15
Nippn Corp.	3,800	55
Nisshin Oillio Group Ltd.	2,300	64
Nisshin Seifun Group, Inc.	3,800	48
Nissin Foods Holdings Co. Ltd.	600	50
Pigeon Corp.	1,200	14
Pola Orbis Holdings, Inc.	3,800	46
Rohto Pharmaceutical Co. Ltd.	3,200	87
Sakata Seed Corp.	200	6
Seven & i Holdings Co. Ltd.	9,400	368
Shiseido Co. Ltd.	2,200	77
Sugi Holdings Co. Ltd.	200	8
Sundrug Co. Ltd.	2,600	71
Suntory Beverage & Food Ltd.	2,800	85
Toyo Suisan Kaisha Ltd.	700	27
Tsuruha Holdings, Inc.	600	40
Unicharm Corp.	3,600	127
United Super Markets Holdings, Inc.	6,000	43
Yakult Honsha Co. Ltd.	1,600	39
Yamazaki Baking Co. Ltd.	3,700	68
Yokorei Co. Ltd.	8,200	66
		4,500
ENERGY 0.8%
Cosmo Energy Holdings Co. Ltd.	3,700	130
ENEOS Holdings, Inc.	114,400	450
Idemitsu Kosan Co. Ltd.	6,912	158

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Inpex Corp.	28,200	423
Iwatani Corp.	700	35
Japan Petroleum Exploration Co. Ltd.	600	23
		1,219
FINANCIALS 2.1%
Aozora Bank Ltd.	3,000	61
Concordia Financial Group Ltd.	4,900	22
Credit Saison Co. Ltd.	1,000	16
Daiwa Securities Group, Inc.	14,500	84
Hachijuni Bank Ltd.	4,200	23
Hirogin Holdings, Inc.	2,500	15
Hokuhoku Financial Group, Inc.	8,300	89
Hyakujushi Bank Ltd.	3,900	68
Iyogin Holdings, Inc.	2,200	16
JAFCO Group Co. Ltd.	900	10
Japan Exchange Group, Inc.	800	15
Japan Post Bank Co. Ltd.	12,900	112
Japan Post Holdings Co. Ltd.	64,000	512
Japan Post Insurance Co. Ltd.	4,200	71
Kyushu Financial Group, Inc.	3,000	15
Mebuki Financial Group, Inc.	27,900	77
Mitsubishi HC Capital, Inc.	9,800	65
Mitsubishi UFJ Financial Group, Inc.	44,800	380
Mizuho Financial Group, Inc.	30,500	518
MS&AD Insurance Group Holdings, Inc.	8,200	300
Nanto Bank Ltd.	3,800	68
Nishi-Nippon Financial Holdings, Inc.	15,600	178
Resona Holdings, Inc.	15,000	83
Senshu Ikeda Holdings, Inc.	42,300	91
Seven Bank Ltd.	29,100	60
Sumitomo Mitsui Financial Group, Inc.	5,300	260
Sumitomo Mitsui Trust Holdings, Inc.	3,400	128
T&D Holdings, Inc.	2,000	33
Tokyo Century Corp.	1,000	40
Zenkoku Hosho Co. Ltd.	200	7
		3,417
HEALTH CARE 1.3%
Alfresa Holdings Corp.	3,900	64
Asahi Intecc Co. Ltd.	2,100	38
Astellas Pharma, Inc.	21,100	292
Chugai Pharmaceutical Co. Ltd.	2,300	71
Eisai Co. Ltd.	2,900	161
Fukuda Denshi Co. Ltd.	800	29
H.U. Group Holdings, Inc.	2,500	42
Hoya Corp.	700	72
Kaken Pharmaceutical Co. Ltd.	2,200	51
M3, Inc.	800	14
Medipal Holdings Corp.	5,500	93
Nihon Kohden Corp.	800	20
Olympus Corp.	8,300	108
Ono Pharmaceutical Co. Ltd.	2,600	50
Otsuka Holdings Co. Ltd.	2,800	99
Shionogi & Co. Ltd.	900	40
Suzuken Co. Ltd.	2,400	74
Sysmex Corp.	400	19
Taisho Pharmaceutical Holdings Co. Ltd.	600	25
Takeda Pharmaceutical Co. Ltd.	19,441	603
Terumo Corp.	2,800	74
Toho Holdings Co. Ltd.	3,400	73
Tsumura & Co.	2,300	43
		2,155
INDUSTRIALS 6.9%
AGC, Inc.	3,900	137
ANA Holdings, Inc.(a)	8,500	178
Central Glass Co. Ltd.	2,600	52
COMSYS Holdings Corp.	2,800	59
Dai Nippon Printing Co. Ltd.	5,900	153
Daikin Industries Ltd.	1,100	172
DMG Mori Co. Ltd.	4,200	71
East Japan Railway Co.	5,900	338
EXEO Group, Inc.	3,000	61
FANUC Corp.	7,300	190
Fuji Electric Co. Ltd.	500	23
Fujikura Ltd.	12,200	98
Fujitec Co. Ltd.	2,600	60
Furukawa Electric Co. Ltd.	1,800	29
Glory Ltd.	1,200	24
Hankyu Hanshin Holdings, Inc.	2,500	85
Hanwa Co. Ltd.	2,300	73

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Harmonic Drive Systems, Inc.	500	11
Hazama Ando Corp.	5,300	41
Hikari Tsushin, Inc.	200	30
Hino Motors Ltd.	12,700	48
Hitachi Construction Machinery Co. Ltd.	600	18
Hitachi Ltd.	15,400	954
Hitachi Zosen Corp.	9,900	55
Hoshizaki Corp.	200	7
IHI Corp.	2,800	59
ITOCHU Corp.	5,700	206
Japan Airlines Co. Ltd.	9,800	190
Japan Pulp & Paper Co. Ltd.	2,300	75
Kajima Corp.	5,200	85
Kamigumi Co. Ltd.	2,600	54
Kandenko Co. Ltd.	8,200	75
Kawasaki Heavy Industries Ltd.	6,600	160
Kawasaki Kisen Kaisha Ltd.	900	31
Keihan Holdings Co. Ltd.(a)	600	16
Keio Corp.	700	24
Keisei Electric Railway Co. Ltd.	400	14
Kinden Corp.	3,800	55
Kintetsu Group Holdings Co. Ltd. 'L'	2,400	68
Komatsu Ltd.	3,500	94
Kubota Corp.	2,900	43
Kurita Water Industries Ltd.	800	28
Kyushu Railway Co.	2,900	62
LIXIL Corp.	2,900	34
Makita Corp.	1,000	25
Marubeni Corp.	59,900	934
MEITEC Group Holdings, Inc.	2,200	40
Minebea Mitsumi, Inc.	3,500	57
MIRAIT ONE Corp.	3,300	43
Mitsubishi Corp.	6,700	319
Mitsubishi Electric Corp.	7,200	89
Mitsubishi Heavy Industries Ltd.	14,000	781
Mitsui & Co. Ltd.	7,200	261
Mitsui OSK Lines Ltd.	11,100	305
Miura Co. Ltd.	600	12
Nagase & Co. Ltd.	3,500	55
Nagoya Railroad Co. Ltd.	2,900	43
Nankai Electric Railway Co. Ltd.	2,700	52
Nippon Yusen KK	16,100	418
Nisshinbo Holdings, Inc.	8,500	63
NSK Ltd.	20,600	116
NTN Corp.	23,800	45
Obayashi Corp.	9,800	86
Outsourcing, Inc.	1,900	15
Park24 Co. Ltd.(a)	2,100	27
Penta-Ocean Construction Co. Ltd.(a)	7,100	42
Persol Holdings Co. Ltd.	28,000	45
Recruit Holdings Co. Ltd.	2,600	80
Sakai Moving Service Co. Ltd.	3,600	60
Sanwa Holdings Corp.	2,300	31
Secom Co. Ltd.	2,300	156
Seino Holdings Co. Ltd.	2,100	29
Senko Group Holdings Co. Ltd.	6,800	48
SG Holdings Co. Ltd.	2,600	33
Shibaura Machine Co. Ltd.	2,500	69
Shinmaywa Industries Ltd.	5,700	49
SHO-BOND Holdings Co. Ltd.	200	8
SMC Corp.	100	45
Sohgo Security Services Co. Ltd.	11,100	67
Sojitz Corp.	9,240	202
Sotetsu Holdings, Inc.	2,800	55
Sumitomo Corp.	7,400	148
Sumitomo Heavy Industries Ltd.	1,500	38
Taikisha Ltd.	2,400	72
Taisei Corp.	5,800	204
Takeuchi Manufacturing Co. Ltd.	2,700	88
TechnoPro Holdings, Inc.	2,100	46
Tobu Railway Co. Ltd.	3,100	80
Tokyu Corp.	8,600	99
TOPPAN Holdings, Inc.	8,000	191
Toshiba Corp.	8,800	271
TOTO Ltd.	900	23
Toyota Tsusho Corp.	6,000	353
Trancom Co. Ltd.	800	39
West Japan Railway Co.	4,400	182
Yamato Holdings Co. Ltd.	1,900	31
Yaskawa Electric Corp.	2,500	90
Yuasa Trading Co. Ltd.	2,300	64
		11,164
INFORMATION TECHNOLOGY 2.5%
Advantest Corp.	5,600	156

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Alps Alpine Co. Ltd.	7,700	67
Azbil Corp.	700	21
BIPROGY, Inc.	2,200	55
Brother Industries Ltd.	2,800	45
Canon Marketing Japan, Inc.	2,800	73
Canon, Inc.	7,100	171
Citizen Watch Co. Ltd.	12,800	79
Daiwabo Holdings Co. Ltd.	3,400	65
Dexerials Corp.	800	20
Disco Corp.	700	129
DTS Corp.	2,700	58
FUJIFILM Holdings Corp.	3,700	214
Fujitsu Ltd.	600	71
Horiba Ltd.	100	5
Hosiden Corp.	3,900	50
Ibiden Co. Ltd.	1,100	58
Keyence Corp.	600	222
Konica Minolta, Inc.(a)	25,700	84
Macnica Holdings, Inc.	2,600	122
Maxell Ltd.	3,800	42
Murata Manufacturing Co. Ltd.	9,000	164
NEC Corp.	6,900	381
NET One Systems Co. Ltd.	800	15
Nippon Electric Glass Co. Ltd.	3,900	73
Nomura Research Institute Ltd.	3,300	86
Obic Co. Ltd.	300	45
Omron Corp.	2,200	98
Otsuka Corp.	400	17
Renesas Electronics Corp.(a)	9,600	147
Ricoh Co. Ltd.	20,700	179
Sanken Electric Co. Ltd.	500	30
SCREEN Holdings Co. Ltd.	400	19
SCSK Corp.	1,200	21
Seiko Epson Corp.	3,600	56
Shinko Electric Industries Co. Ltd.	3,300	128
SUMCO Corp.	3,000	39
TIS, Inc.	3,400	75
Tokyo Electron Ltd.	4,000	546
Tokyo Seimitsu Co. Ltd.	200	10
Topcon Corp.	1,000	11
Toshiba TEC Corp.	200	5
Trend Micro, Inc.	400	15
Ulvac, Inc.	500	18
		3,985
MATERIALS 2.4%
ARE Holdings, Inc.	2,800	36
Daicel Corp.	10,300	86
DIC Corp.	1,000	16
Dowa Holdings Co. Ltd.	200	6
FP Corp.	200	3
JFE Holdings, Inc.	30,200	442
Kaneka Corp.	2,200	57
Kansai Paint Co. Ltd.	900	13
Kobe Steel Ltd.	30,000	391
Kuraray Co. Ltd.	4,200	50
Mitsubishi Chemical Group Corp.	50,800	320
Mitsubishi Materials Corp.	5,500	89
Mitsui Chemicals, Inc.	3,900	101
Mitsui Mining & Smelting Co. Ltd.	1,600	41
Nakayama Steel Works Ltd.	2,500	15
Nippon Light Metal Holdings Co. Ltd.	1,000	11
Nippon Paint Holdings Co. Ltd.	2,600	17
Nippon Paper Industries Co. Ltd. 'L'	17,900	161
Nippon Steel Corp.	36,800	862
Nissan Chemical Corp.	600	26
Nitto Denko Corp.	2,700	177
Oji Holdings Corp.	17,500	74
Rengo Co. Ltd.	2,400	16
Shin-Etsu Chemical Co. Ltd.	6,000	174
Sumitomo Chemical Co. Ltd.	62,600	170
Sumitomo Osaka Cement Co. Ltd.	2,700	66
Taiheiyo Cement Corp.	3,900	69
Teijin Ltd.	1,500	15
Tokai Carbon Co. Ltd.	3,000	24
Tokuyama Corp.	3,400	53
Tokyo Ohka Kogyo Co. Ltd.	900	54
Tokyo Steel Manufacturing Co. Ltd.	5,900	66
Tosoh Corp.	3,400	44
Toyo Seikan Group Holdings Ltd.	6,000	98
UACJ Corp.	1,000	21

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

UBE Corp.	3,900	66
		3,930
REAL ESTATE 0.1%
Daito Trust Construction Co. Ltd.	1,700	179
Relo Group, Inc.	800	8
Tokyu Fudosan Holdings Corp.	5,000	31
		218
UTILITIES 1.3%
Chubu Electric Power Co., Inc.	21,600	275
Chugoku Electric Power Co., Inc.	14,500	89
Electric Power Development Co. Ltd. 'C'	6,600	107
Hokkaido Electric Power Co., Inc.	14,100	61
Hokuriku Electric Power Co.	11,800	64
Kansai Electric Power Co., Inc.	18,500	256
Kyushu Electric Power Co., Inc.(a)	14,700	96
Nippon Gas Co. Ltd.	800	12
Okinawa Electric Power Co., Inc.	6,000	45
Osaka Gas Co. Ltd.	8,900	147
Shikoku Electric Power Co., Inc.	8,900	61
Toho Gas Co. Ltd.	2,600	45
Tohoku Electric Power Co., Inc.	12,300	79
Tokyo Electric Power Co. Holdings, Inc.(a)	116,600	520
Tokyo Gas Co. Ltd.	11,700	265
		2,122
Total Japan		44,197
JORDAN 0.0%
HEALTH CARE 0.0%
Hikma Pharmaceuticals PLC	836	21
Total Jordan		21
LUXEMBOURG 0.5%
COMMUNICATION SERVICES 0.1%
Millicom International Cellular SA(a)	1,322	20
RTL Group SA	1,192	41
SES SA	12,972	85
		146
MATERIALS 0.4%
APERAM SA	2,126	62
ArcelorMittal SA	22,453	562
		624
Total Luxembourg		770
MACAU 0.0%
CONSUMER DISCRETIONARY 0.0%
Sands China Ltd.(a)	8,000	25
Wynn Macau Ltd.(a)	16,000	15
		40
Total Macau		40
NETHERLANDS 4.1%
COMMUNICATION SERVICES 0.2%
Koninklijke KPN NV	64,936	214
Universal Music Group NV	3,208	84
VEON Ltd. ADR«(a)	2,288	0
		298
CONSUMER DISCRETIONARY 0.7%
Just Eat Takeaway.com NV(a)	3,927	48
Stellantis NV	53,930	1,033
		1,081
CONSUMER STAPLES 0.7%
Heineken Holding NV	1,447	109
Heineken NV	289	25

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Koninklijke Ahold Delhaize NV	31,982	964
		1,098
ENERGY 0.0%
Koninklijke Vopak NV	1,529	52
FINANCIALS 0.9%
ABN AMRO Bank NV	32,623	461
Aegon NV	64,901	313
Euronext NV	1,469	102
ING Groep NV	27,058	357
NN Group NV	4,612	148
		1,381
HEALTH CARE 0.0%
Koninklijke Philips NV(a)	2,112	42
Qiagen NV(a)	323	13
		55
INDUSTRIALS 0.4%
Arcadis NV	1,499	67
IMCD NV	665	84
Randstad NV	2,390	132
Signify NV	6,367	171
TKH Group NV	621	25
Wolters Kluwer NV	1,876	227
		706
INFORMATION TECHNOLOGY 1.0%
ASM International NV	728	304
ASML Holding NV	1,554	915
BE Semiconductor Industries NV	1,418	139
NXP Semiconductors NV	1,342	268
		1,626
MATERIALS 0.2%
Akzo Nobel NV	4,840	349
Total Netherlands		6,646
NEW ZEALAND 0.2%
COMMUNICATION SERVICES 0.0%
Spark New Zealand Ltd.	24,599	71
HEALTH CARE 0.0%
Fisher & Paykel Healthcare Corp. Ltd. 'C'	3,747	48
INDUSTRIALS 0.1%
Auckland International Airport Ltd.	10,382	49
Fletcher Building Ltd.	15,929	45
		94
UTILITIES 0.1%
Contact Energy Ltd.	9,598	46
Meridian Energy Ltd.	13,557	42
		88
Total New Zealand		301
NORWAY 0.9%
COMMUNICATION SERVICES 0.1%
Telenor ASA	17,097	194
CONSUMER STAPLES 0.1%
Mowi ASA	7,174	127
Orkla ASA	5,401	40
Salmar ASA	811	41
		208
ENERGY 0.3%
Aker Solutions ASA	27,203	109

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Equinor ASA	9,525	312
Frontline PLC	1,315	25
		446
FINANCIALS 0.1%
Gjensidige Forsikring ASA	3,025	44
SpareBank 1 Nord Norge	2,890	26
		70
INDUSTRIALS 0.0%
Tomra Systems ASA	4,854	55
Wallenius Wilhelmsen ASA	1,619	13
		68
INFORMATION TECHNOLOGY 0.1%
Atea ASA	10,523	132
MATERIALS 0.2%
Norsk Hydro ASA	13,211	83
Yara International ASA	5,362	202
		285
Total Norway		1,403
PORTUGAL 0.3%
CONSUMER STAPLES 0.0%
Jeronimo Martins SGPS SA	3,396	76
ENERGY 0.0%
Galp Energia SGPS SA	2,525	37
UTILITIES 0.3%
EDP - Energias de Portugal SA	91,415	380
REN - Redes Energeticas Nacionais SGPS SA	17,462	45
		425
Total Portugal		538
SINGAPORE 1.6%
COMMUNICATION SERVICES 0.3%
NetLink NBN Trust	63,800	39
Sea Ltd.(a)	2,262	99
Singapore Telecommunications Ltd.	165,800	294
		432
CONSUMER STAPLES 0.2%
Golden Agri-Resources Ltd.	459,100	89
Wilmar International Ltd.	66,700	182
		271
ENERGY 0.1%
BW Energy Ltd.(a)	21,859	56
BW LPG Ltd.	8,049	101
		157
FINANCIALS 0.6%
DBS Group Holdings Ltd.	17,600	432
Oversea-Chinese Banking Corp. Ltd.	27,600	258
Singapore Exchange Ltd.	3,300	23
United Overseas Bank Ltd.	15,100	315
		1,028
INDUSTRIALS 0.3%
ComfortDelGro Corp. Ltd.	45,800	43
Jardine Cycle & Carriage Ltd.	3,400	79
Keppel Corp. Ltd.	17,100	85
Seatrium Ltd.(a)	323,098	32
Singapore Airlines Ltd.	28,100	133

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Singapore Technologies Engineering Ltd.	29,400	84
		456
INFORMATION TECHNOLOGY 0.0%
Venture Corp. Ltd.	5,900	53
UTILITIES 0.1%
Sembcorp Industries Ltd.	53,700	200
Total Singapore		2,597
SOUTH AFRICA 0.0%
FINANCIALS 0.0%
Investec PLC	3,569	21
Total South Africa		21
SPAIN 4.2%
COMMUNICATION SERVICES 0.6%
Cellnex Telecom SA	814	28
Telefonica SA	222,392	909
		937
CONSUMER DISCRETIONARY 0.4%
Amadeus IT Group SA	1,667	101
Gestamp Automocion SA	13,299	55
Industria de Diseno Textil SA	11,124	414
		570
CONSUMER STAPLES 0.0%
Viscofan SA	1,209	74
ENERGY 0.6%
Repsol SA	61,309	1,008
FINANCIALS 1.6%
Banco Bilbao Vizcaya Argentaria SA	56,710	459
Banco de Sabadell SA	360,149	417
Banco Santander SA	363,282	1,384
Mapfre SA	86,134	175
Unicaja Banco SA	110,341	118
		2,553
HEALTH CARE 0.0%
Almirall SA	4,320	44
INDUSTRIALS 0.2%
ACS Actividades de Construccion y Servicios SA	4,347	156
Aena SME SA	396	60
Cia de Distribucion Integral Logista Holdings SA	2,851	73
Sacyr SA	14,315	42
		331
MATERIALS 0.0%
Acerinox SA	7,644	74
UTILITIES 0.8%
EDP Renovaveis SA	2,783	45
Enagas SA	2,034	34
Endesa SA	12,097	246
Iberdrola SA	51,827	580
Naturgy Energy Group SA	7,694	209
Redeia Corp. SA	9,012	142
		1,256
Total Spain		6,847
SWEDEN 2.2%
COMMUNICATION SERVICES 0.2%
Spotify Technology SA(a)	538	83
Tele2 AB 'B'	4,675	36

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Telia Co. AB	116,698	241
		360
CONSUMER DISCRETIONARY 0.3%
Autoliv, Inc.	1,017	98
Betsson AB	1,976	22
Bilia AB 'A'	3,243	32
Electrolux AB 'B'	10,007	103
Evolution AB	933	94
Scandic Hotels Group AB	14,489	49
		398
CONSUMER STAPLES 0.2%
AAK AB	2,783	50
Axfood AB	1,948	45
Cloetta AB 'B'	22,493	37
Essity AB 'B'	8,889	192
		324
FINANCIALS 0.2%
Avanza Bank Holding AB	761	13
Nordnet AB publ	1,046	14
Svenska Handelsbanken AB 'A'	15,456	137
Swedbank AB 'A'	11,316	208
		372
HEALTH CARE 0.0%
Elekta AB 'B'	2,130	14
Getinge AB 'B'	717	13
		27
INDUSTRIALS 1.0%
AddTech AB 'B'	1,930	31
Alfa Laval AB	1,556	53
Assa Abloy AB 'B'	2,815	61
Atlas Copco AB 'A'	25,923	348
Beijer Ref AB	2,372	25
Epiroc AB 'A'	5,823	111
Indutrade AB	3,209	59
Lifco AB 'B'	772	14
Saab AB 'B'	395	20
Sandvik AB	7,289	134
Securitas AB 'B'	2,128	17
SKF AB 'B'	8,071	134
Volvo AB 'B'	27,792	572
		1,579
INFORMATION TECHNOLOGY 0.0%
Telefonaktiebolaget LM Ericsson 'B'	11,468	56
MATERIALS 0.2%
Hexpol AB	2,907	26
SSAB AB 'A'	40,160	226
		252
REAL ESTATE 0.1%
Atrium Ljungberg AB 'B'	3,153	51
Hufvudstaden AB 'A'	3,601	40
		91
UTILITIES 0.0%
Orron Energy ab	46,769	31
Total Sweden		3,490
SWITZERLAND 5.9%
COMMUNICATION SERVICES 0.1%
Swisscom AG	402	239
CONSUMER DISCRETIONARY 0.4%
Cie Financiere Richemont SA	4,320	526
Dufry AG(a)	1,190	45

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Garmin Ltd.	1,372	144
		715
CONSUMER STAPLES 0.8%
Barry Callebaut AG	32	51
Chocoladefabriken Lindt & Spruengli AG	8	89
Coca-Cola HBC AG	1,702	46
Emmi AG	37	35
Nestle SA	9,230	1,045
		1,266
FINANCIALS 1.1%
Banque Cantonale Vaudoise	728	76
Cembra Money Bank AG	772	52
Julius Baer Group Ltd.	541	35
Partners Group Holding AG	114	128
St Galler Kantonalbank AG	90	49
Swiss Life Holding AG	254	158
Swiss Re AG	2,358	242
UBS Group AG	10,508	259
Valiant Holding AG	651	67
Zurich Insurance Group AG	1,769	810
		1,876
HEALTH CARE 0.9%
Galenica AG	1,025	76
Novartis AG	4,451	454
Roche Holding AG	2,762	754
Sonova Holding AG	220	52
Straumann Holding AG	588	75
		1,411
INDUSTRIALS 1.3%
ABB Ltd.	16,932	604
Adecco Group AG	5,941	244
Bucher Industries AG	119	45
Daetwyler Holding AG	334	64
DKSH Holding AG	773	52
dormakaba Holding AG	141	69
Flughafen Zurich AG	266	51
Forbo Holding AG	29	35
Geberit AG	352	176
Georg Fischer AG	719	40
Kuehne & Nagel International AG	773	220
Schindler Holding AG	504	101
Schweiter Technologies AG	108	69
SGS SA	1,241	104
Sulzer AG	1,076	103
VAT Group AG	292	104
		2,081
INFORMATION TECHNOLOGY 0.1%
ALSO Holding AG	118	29
Landis & Gyr Group AG	861	62
Logitech International SA	1,902	131
Temenos AG	438	31
		253
MATERIALS 0.9%
EMS-Chemie Holding AG	61	41
Givaudan SA	53	173
Glencore PLC	156,116	889
Holcim AG	1,231	79
SIG Group AG	2,811	69
Sika AG	588	149
		1,400
REAL ESTATE 0.2%
Allreal Holding AG	277	44
PSP Swiss Property AG	803	95
Swiss Prime Site AG	1,495	137
		276
UTILITIES 0.1%
BKW AG	517	91

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Total Switzerland		9,608
UNITED KINGDOM 12.7%
COMMUNICATION SERVICES 0.9%
Auto Trader Group PLC	5,185	39
BT Group PLC	233,441	332
Informa PLC	7,262	66
ITV PLC	18,958	16
Vodafone Group PLC	913,088	856
WPP PLC	6,634	59
		1,368
CONSUMER DISCRETIONARY 1.4%
B&M European Value Retail SA	31,739	226
Barratt Developments PLC	16,327	88
Berkeley Group Holdings PLC	597	30
Burberry Group PLC	5,906	137
Compass Group PLC	4,085	99
Frasers Group PLC(a)	5,887	58
Games Workshop Group PLC	902	116
Greggs PLC	2,275	68
Halfords Group PLC	10,377	25
Inchcape PLC	5,428	50
InterContinental Hotels Group PLC	1,973	146
JD Sports Fashion PLC	18,906	34
Kingfisher PLC	103,539	281
Mitchells & Butlers PLC(a)	16,353	45
Next PLC	2,382	211
Pearson PLC	21,340	225
Persimmon PLC	16,226	213
Pets at Home Group PLC	8,727	36
Taylor Wimpey PLC	123,493	176
Whitbread PLC	1,720	72
		2,336
CONSUMER STAPLES 2.4%
Associated British Foods PLC	5,433	136
Cranswick PLC	1,016	44
Diageo PLC	7,781	287
Imperial Brands PLC	24,867	504
J Sainsbury PLC	99,898	308
Marks & Spencer Group PLC(a)	60,835	175
Ocado Group PLC(a)	4,578	33
Premier Foods PLC	34,522	51
Reckitt Benckiser Group PLC	4,995	352
Tate & Lyle PLC	8,245	69
Tesco PLC	138,288	445
Unilever PLC	30,548	1,511
		3,915
ENERGY 1.3%
BP PLC	233,005	1,502
John Wood Group PLC(a)	12,494	23
Shell PLC	11,963	379
Subsea 7 SA	12,207	168
		2,072
FINANCIALS 1.4%
3i Group PLC	12,851	323
abrdn PLC	94,550	179
Admiral Group PLC	5,678	164
Aviva PLC	9,807	46
Barclays PLC	43,301	83
Direct Line Insurance Group PLC	53,769	112
Hargreaves Lansdown PLC	3,770	35
HSBC Holdings PLC	41,648	326
IG Group Holdings PLC	5,949	47
Intermediate Capital Group PLC	1,675	28
London Stock Exchange Group PLC	1,812	182
M&G PLC	96,754	232
Man Group PLC	30,466	83
NatWest Group PLC	61,102	175
Schroders PLC	12,371	61
Standard Chartered PLC	21,758	200
Vanquis Banking Group PLC	11,728	18

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Virgin Money UK PLC	8,069	17
		2,311
HEALTH CARE 1.1%
AstraZeneca PLC	7,243	977
ConvaTec Group PLC	18,111	48
Dechra Pharmaceuticals PLC	846	39
GSK PLC	35,272	638
Smith & Nephew PLC	5,108	64
		1,766
INDUSTRIALS 2.2%
Ashtead Group PLC	3,212	195
BAE Systems PLC	48,400	588
Balfour Beatty PLC	14,279	56
Bunzl PLC	2,918	104
CNH Industrial NV	11,278	137
Diploma PLC	1,623	59
easyJet PLC	13,825	72
Ferguson PLC	1,857	306
Firstgroup PLC	43,528	80
Howden Joinery Group PLC	16,406	147
IMI PLC	4,716	90
International Consolidated Airlines Group SA(a)	140,880	253
International Distributions Services PLC	38,705	123
Intertek Group PLC	2,201	110
Morgan Sindall Group PLC	1,838	46
Pagegroup PLC	6,752	34
RELX PLC	16,103	543
Rentokil Initial PLC	30,869	229
Rolls-Royce Holdings PLC(a)	25,688	69
Rotork PLC	5,022	19
RS Group PLC	5,738	51
Smiths Group PLC	2,232	44
Spirax-Sarco Engineering PLC	662	77
Travis Perkins PLC	3,535	36
Weir Group PLC	4,260	98
		3,566
INFORMATION TECHNOLOGY 0.2%
Computacenter PLC	1,497	46
Halma PLC	3,469	82
Sage Group PLC	10,704	129
Spectris PLC	624	26
		283
MATERIALS 0.9%
Anglo American PLC	5,452	150
Croda International PLC	1,814	108
DS Smith PLC	11,247	39
Johnson Matthey PLC	7,591	150
Mondi PLC	5,681	95
Rio Tinto PLC	13,808	867
		1,409
REAL ESTATE 0.0%
Grainger PLC	9,037	26
Savills PLC	3,098	33
		59
UTILITIES 0.9%
Centrica PLC	320,772	603
Drax Group PLC	12,146	65
National Grid PLC	35,831	429
Severn Trent PLC	1,732	50
SSE PLC	10,239	201
United Utilities Group PLC	10,748	124
		1,472
Total United Kingdom		20,557
UNITED STATES 0.1%
CONSUMER DISCRETIONARY 0.1%
Carnival PLC(a)	6,436	78

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

HEALTH CARE 0.0%
BeiGene Ltd.(a)	2,800	39
Total United States		117
Total Common Stocks (Cost $148,704)		156,447
PREFERRED STOCKS 0.8%
GERMANY 0.8%
INDUSTRIALS 0.7%
Henkel AG & Co. KGaA	2,064	147
Sartorius AG	144	49
Schaeffler AG	6,666	38
Volkswagen AG	7,544	867
		1,101
MATERIALS 0.1%
Fuchs SE	3,599	139
STO SE & Co. KGaA	393	54
		193
Total Preferred Stocks (Cost $1,522)		1,294
REAL ESTATE INVESTMENT TRUSTS 1.3%
AUSTRALIA 0.1%
REAL ESTATE 0.1%
Charter Hall Group	3,839	23
GPT Group	15,604	39
Stockland	18,094	46
Vicinity Ltd.	25,925	28
		136
Total Australia		136
BELGIUM 0.0%
REAL ESTATE 0.0%
Cofinimmo SA	234	16
Warehouses De Pauw CVA	1,493	37
		53
Total Belgium		53
CANADA 0.1%
REAL ESTATE 0.1%
Allied Properties Real Estate Investment Trust	1,500	20
Canadian Apartment Properties REIT	1,268	42
Dream Office Real Estate Investment Trust	2,302	16
Granite Real Estate Investment Trust	924	49
		127
Total Canada		127
FRANCE 0.0%
REAL ESTATE 0.0%
Klepierre SA	2,427	59
Total France		59
HONG KONG 0.1%
REAL ESTATE 0.1%
Fortune Real Estate Investment Trust	51,000	30

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Link REIT	17,100	84
		114
Total Hong Kong		114
JAPAN 0.7%
REAL ESTATE 0.7%
Activia Properties, Inc.	7	19
Advance Residence Investment Corp.	25	57
AEON REIT Investment Corp.	39	38
Daiwa House REIT Investment Corp.	24	42
Daiwa Office Investment Corp.	2	9
Daiwa Securities Living Investments Corp.	65	48
Frontier Real Estate Investment Corp.	2	6
GLP J-Reit	37	33
Hulic Reit, Inc.	31	33
Industrial & Infrastructure Fund Investment Corp.	31	29
Invincible Investment Corp.	154	64
Japan Excellent, Inc.	38	34
Japan Hotel REIT Investment Corp.	201	105
Japan Logistics Fund, Inc.	25	49
Japan Metropolitan Fund Invest	91	59
Japan Prime Realty Investment Corp.	8	19
Japan Real Estate Investment Corp.	7	27
Kenedix Office Investment Corp.	20	46
Mori Hills REIT Investment Corp.	32	30
Mori Trust Reit, Inc.	81	39
Nippon Accommodations Fund, Inc.	3	13
Nippon Building Fund, Inc.	9	37
Nippon Prologis REIT, Inc.	24	45
Nomura Real Estate Master Fund, Inc.	39	44
NTT UD REIT Investment Corp.	52	48
Orix JREIT, Inc.	36	43
Sekisui House Reit, Inc.	83	46
United Urban Investment Corp.	51	53
		1,115
Total Japan		1,115
LUXEMBOURG 0.0%
REAL ESTATE 0.0%
Shurgard Self Storage Ltd.	1,466	58
Total Luxembourg		58
SINGAPORE 0.1%
REAL ESTATE 0.1%
CapitaLand Ascendas REIT	36,700	74
CapitaLand Integrated Commercial Trust	30,300	41
Keppel DC REIT	29,900	45
Mapletree Industrial Trust	26,935	44
		204
Total Singapore		204
SPAIN 0.0%
REAL ESTATE 0.0%
Inmobiliaria Colonial Socimi SA	3,091	18
Total Spain		18
UNITED KINGDOM 0.2%
REAL ESTATE 0.2%
Assura PLC	34,131	17
Big Yellow Group PLC	2,649	30
Great Portland Estates PLC	4,525	23
Land Securities Group PLC	6,859	49
LondonMetric Property PLC	16,599	35
Segro PLC	7,176	63

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

Tritax Big Box REIT PLC	34,045		58
			275
Total United Kingdom			275
Total Real Estate Investment Trusts (Cost $2,685)			2,159
RIGHTS 0.0%
ITALY 0.0%
CONSUMER DISCRETIONARY 0.0%
Brembo SpA - Exp. 10/03/2023(a)	3,868		0
Total Rights (Cost $0)			0
WARRANTS 0.0%
CANADA 0.0%
INFORMATION TECHNOLOGY 0.0%
Constellation Software, Inc. - Exp. 03/31/2040	58		0
Total Warrants (Cost $0)			0
SHORT-TERM INSTRUMENTS 0.6%
REPURCHASE AGREEMENTS (b) 0.6%			979
Total Short-Term Instruments (Cost $979)			979
Total Investments in Securities (Cost $153,890)			160,879
Total Investments 99.4% (Cost $153,890)		$	160,879
Other Assets and Liabilities, net 0.6%			1,010
Net Assets 100.0%		$	161,889

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:
* A zero balance may reflect actual amounts rounding to less than one thousand.
¤		The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.
«		Security valued using significant unobservable inputs (Level 3).
(a)		Security did not produce income within the last twelve months.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(b)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date	Maturity Date		Principal Amount		Collateralized By						Collateral (Received)				Repurchase Agreements, at Value			Repurchase Agreement Proceeds to be Received(1)
FICC			2.600%	09/29/2023	10/02/2023	$	979		U.S. Treasury Notes 0.750% due 04/30/2026					$		(999)		$		979	$		979
Total Repurchase Agreements														$		(999)		$		979	$		979
(1)		Includes accrued interest.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1			Level 2		Level 3				Fair Value at 09/30/2023
Investments in Securities, at Value
Common Stocks
	Australia
		Communication Services						$		0	$	226	$	0			$			226
		Consumer Discretionary								0		940		0						940
		Consumer Staples								0		704		0						704
		Energy								0		487		0						487
		Financials								0		1,311		0						1,311
		Health Care								0		546		0						546
		Industrials								0		992		0						992
		Information Technology								0		105		0						105
		Materials								0		2,496		0						2,496
		Real Estate								0		45		0						45
		Utilities								0		529		0						529
	Austria
		Energy								0		79		0						79
		Financials								0		51		0						51
		Industrials								0		53		0						53
		Materials								0		85		0						85
		Real Estate								0		66		0						66
		Utilities								0		41		0						41
	Belgium
		Communication Services								0		41		0						41
		Consumer Staples								40		88		0						128
		Energy								25		0		0						25
		Financials								0		144		0						144
		Health Care								0		54		0						54
		Industrials								0		42		0						42
		Information Technology								0		47		0						47
		Materials								0		53		0						53
	Canada
		Communication Services								537		0		0						537
		Consumer Discretionary								1,760		0		0						1,760
		Consumer Staples								1,067		0		0						1,067
		Energy								1,951		0		0						1,951
		Financials								1,256		0		0						1,256
		Industrials								1,739		0		0						1,739
		Information Technology								1,137		0		0						1,137
		Materials								1,549		0		0						1,549
		Real Estate								121		0		0						121
		Utilities								543		0		0						543
	Chile
		Materials								0		77		0						77
	Denmark
		Consumer Discretionary								0		129		0						129
		Consumer Staples								0		178		0						178
		Financials								0		192		0						192
		Health Care								0		1,941		0						1,941
		Industrials								0		618		0						618
		Materials								0		133		0						133
		Utilities								0		52		0						52
	Finland

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

	Communication Services	0	69	0	69
	Consumer Staples	0	81	0	81
	Energy	0	90	0	90
	Financials	0	308	0	308
	Health Care	0	64	0	64
	Industrials	0	319	0	319
	Information Technology	0	98	0	98
	Materials	0	314	0	314
	Real Estate	0	66	0	66
	Utilities	0	46	0	46
France
	Communication Services	0	1,423	0	1,423
	Consumer Discretionary	0	2,696	0	2,696
	Consumer Staples	0	1,141	0	1,141
	Energy	0	569	0	569
	Financials	0	1,434	0	1,434
	Health Care	0	471	0	471
	Industrials	0	3,062	0	3,062
	Information Technology	0	273	0	273
	Materials	0	322	0	322
	Utilities	0	821	0	821
Germany
	Communication Services	0	370	0	370
	Consumer Discretionary	0	3,031	0	3,031
	Consumer Staples	0	219	0	219
	Financials	0	1,786	0	1,786
	Health Care	0	337	0	337
	Industrials	45	1,922	0	1,967
	Information Technology	0	1,067	0	1,067
	Materials	0	879	0	879
	Real Estate	0	229	0	229
	Utilities	0	175	0	175
Hong Kong
	Communication Services	0	170	0	170
	Consumer Discretionary	18	230	0	248
	Consumer Staples	0	60	0	60
	Financials	53	642	0	695
	Industrials	0	637	0	637
	Information Technology	0	93	0	93
	Real Estate	0	678	0	678
	Utilities	0	244	0	244
Ireland
	Consumer Discretionary	0	131	0	131
	Consumer Staples	94	106	0	200
	Financials	0	93	0	93
	Health Care	467	0	0	467
	Industrials	426	236	0	662
	Materials	0	304	0	304
Israel
	Communication Services	0	85	0	85
	Consumer Staples	0	34	0	34
	Energy	8	88	0	96
	Financials	30	442	0	472
	Health Care	100	0	0	100
	Industrials	0	84	0	84
	Information Technology	112	41	0	153
	Materials	0	119	0	119
	Real Estate	25	70	0	95
Italy
	Communication Services	19	479	0	498
	Consumer Discretionary	0	426	0	426
	Energy	0	1,148	0	1,148
	Financials	0	1,548	0	1,548
	Health Care	0	179	0	179
	Industrials	0	404	0	404
	Utilities	0	1,174	0	1,174
Japan
	Communication Services	0	3,218	0	3,218
	Consumer Discretionary	126	8,143	0	8,269
	Consumer Staples	0	4,500	0	4,500
	Energy	0	1,219	0	1,219
	Financials	0	3,417	0	3,417
	Health Care	0	2,155	0	2,155
	Industrials	0	11,164	0	11,164
	Information Technology	0	3,985	0	3,985
	Materials	0	3,930	0	3,930
	Real Estate	0	218	0	218
	Utilities	0	2,122	0	2,122
Jordan
	Health Care	0	21	0	21
Luxembourg
	Communication Services	0	146	0	146
	Materials	0	624	0	624
Macau
	Consumer Discretionary	0	40	0	40
Netherlands

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

		Communication Services	0	298	0	298
		Consumer Discretionary	0	1,081	0	1,081
		Consumer Staples	0	1,098	0	1,098
		Energy	0	52	0	52
		Financials	0	1,381	0	1,381
		Health Care	13	42	0	55
		Industrials	0	706	0	706
		Information Technology	268	1,358	0	1,626
		Materials	0	349	0	349
	New Zealand
		Communication Services	0	71	0	71
		Health Care	0	48	0	48
		Industrials	49	45	0	94
		Utilities	0	88	0	88
	Norway
		Communication Services	0	194	0	194
		Consumer Staples	0	208	0	208
		Energy	25	421	0	446
		Financials	0	70	0	70
		Industrials	0	68	0	68
		Information Technology	132	0	0	132
		Materials	0	285	0	285
	Portugal
		Consumer Staples	0	76	0	76
		Energy	0	37	0	37
		Utilities	0	425	0	425
	Singapore
		Communication Services	99	333	0	432
		Consumer Staples	0	271	0	271
		Energy	101	56	0	157
		Financials	0	1,028	0	1,028
		Industrials	0	456	0	456
		Information Technology	0	53	0	53
		Utilities	0	200	0	200
	South Africa
		Financials	21	0	0	21
	Spain
		Communication Services	0	937	0	937
		Consumer Discretionary	0	570	0	570
		Consumer Staples	0	74	0	74
		Energy	0	1,008	0	1,008
		Financials	0	2,553	0	2,553
		Health Care	44	0	0	44
		Industrials	0	331	0	331
		Materials	0	74	0	74
		Utilities	0	1,256	0	1,256
	Sweden
		Communication Services	83	277	0	360
		Consumer Discretionary	98	300	0	398
		Consumer Staples	45	279	0	324
		Financials	0	372	0	372
		Health Care	0	27	0	27
		Industrials	0	1,579	0	1,579
		Information Technology	0	56	0	56
		Materials	0	252	0	252
		Real Estate	0	91	0	91
		Utilities	0	31	0	31
	Switzerland
		Communication Services	0	239	0	239
		Consumer Discretionary	144	571	0	715
		Consumer Staples	0	1,266	0	1,266
		Financials	49	1,827	0	1,876
		Health Care	0	1,411	0	1,411
		Industrials	0	2,081	0	2,081
		Information Technology	0	253	0	253
		Materials	0	1,400	0	1,400
		Real Estate	0	276	0	276
		Utilities	0	91	0	91
	United Kingdom
		Communication Services	0	1,368	0	1,368
		Consumer Discretionary	70	2,266	0	2,336
		Consumer Staples	120	3,795	0	3,915
		Energy	0	2,072	0	2,072
		Financials	18	2,293	0	2,311
		Health Care	0	1,766	0	1,766
		Industrials	56	3,510	0	3,566
		Information Technology	0	283	0	283
		Materials	0	1,409	0	1,409
		Real Estate	59	0	0	59
		Utilities	115	1,357	0	1,472
	United States
		Consumer Discretionary	0	78	0	78
		Health Care	0	39	0	39
Preferred Stocks
	Germany
		Industrials	0	1,101	0	1,101

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor International Equity ETF(Cont.) September 30, 2023 (Unaudited)

		Materials		0		193		0		193
Real Estate Investment Trusts
	Australia
		Real Estate		0		136		0		136
	Belgium
		Real Estate		0		53		0		53
	Canada
		Real Estate		127		0		0		127
	France
		Real Estate		0		59		0		59
	Hong Kong
		Real Estate		0		114		0		114
	Japan
		Real Estate		0		1,115		0		1,115
	Luxembourg
		Real Estate		0		58		0		58
	Singapore
		Real Estate		0		204		0		204
	Spain
		Real Estate		0		18		0		18
	United Kingdom
		Real Estate		40		235		0		275
Short-Term Instruments
	Repurchase Agreements			0		979		0		979
Total Investments			$	15,024	$	145,855	$	0	$	160,879
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 99.9% ¤
COMMON STOCKS 97.3%
IRELAND 0.3%
INFORMATION TECHNOLOGY 0.3%
Accenture PLC 'A'	1,414	$	434
Total Ireland			434
UNITED KINGDOM 0.4%
COMMUNICATION SERVICES 0.1%
Liberty Global PLC 'C'(a)	4,714		88
CONSUMER STAPLES 0.0%
Nomad Foods Ltd.(a)	27		0
ENERGY 0.1%
TechnipFMC PLC	5,666		115
FINANCIALS 0.1%
Janus Henderson Group PLC	1,197		31
Willis Towers Watson PLC	209		44
			75
INDUSTRIALS 0.1%
Nvent Electric PLC	783		41
Pentair PLC	2,193		142
			183
MATERIALS 0.0%
Amcor PLC	5,858		54
Total United Kingdom			515
UNITED STATES 96.6%
COMMUNICATION SERVICES 5.2%
Activision Blizzard, Inc.	1,904		178
AT&T, Inc.	98,127		1,474
Charter Communications, Inc. 'A'(a)	603		265
Cinemark Holdings, Inc.(a)	2,415		44
Comcast Corp. 'A'	14,165		628
EchoStar Corp. 'A'(a)	690		12
Electronic Arts, Inc.	508		61
Fox Corp. 'A'	1,107		35
Interpublic Group of Cos., Inc.	4,475		128
John Wiley & Sons, Inc. 'A'	390		15
Liberty Broadband Corp. 'C'(a)	394		36
Liberty Latin America Ltd. 'C'(a)	3,054		25
Lumen Technologies, Inc.(a)	26,269		37
Meta Platforms, Inc. 'A'(a)	6,997		2,101
Netflix, Inc.(a)	808		305
New York Times Co. 'A'	1,189		49
News Corp. 'A'	3,714		75
Nexstar Media Group, Inc. 'A'	388		56
Omnicom Group, Inc.	1,804		134
Paramount Global 'B'	4,191		54
Pinterest, Inc. 'A'(a)	1,994		54
Roku, Inc.(a)	385		27
Scholastic Corp.	287		11
Snap, Inc. 'A'(a)	2,489		22
T-Mobile U.S., Inc.	639		89
Take-Two Interactive Software, Inc.(a)	361		51
TEGNA, Inc.	3,327		48
Telephone & Data Systems, Inc.	3,999		73
Verizon Communications, Inc.	9,662		313

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2023 (Unaudited)

Yelp, Inc.(a)	1,455	61
		6,461
CONSUMER DISCRETIONARY 11.9%
Abercrombie & Fitch Co. 'A'(a)	2,833	160
Academy Sports & Outdoors, Inc.	983	46
Acushnet Holdings Corp.	267	14
Adient PLC(a)	2,449	90
ADT, Inc.	2,099	13
Adtalem Global Education, Inc.(a)	838	36
American Axle & Manufacturing Holdings, Inc.(a)	2,331	17
American Eagle Outfitters, Inc.	7,228	120
Asbury Automotive Group, Inc.(a)	493	113
AutoNation, Inc.(a)	1,035	157
AutoZone, Inc.(a)	179	455
Bath & Body Works, Inc.	1,245	42
Best Buy Co., Inc.	5,072	352
Bloomin' Brands, Inc.	1,230	30
Booking Holdings, Inc.(a)	233	719
BorgWarner, Inc.	1,759	71
Bright Horizons Family Solutions, Inc.(a)	275	22
Brunswick Corp.	1,008	80
Buckle, Inc.	729	24
Burlington Stores, Inc.(a)	208	28
Caesars Entertainment, Inc.(a)	639	30
Carnival Corp.(a)	7,486	103
Carter's, Inc.	1,717	119
Cheesecake Factory, Inc.	929	28
Chipotle Mexican Grill, Inc.(a)	103	189
Churchill Downs, Inc.	512	59
Coupang, Inc.(a)	2,230	38
Cracker Barrel Old Country Store, Inc.	600	40
Crocs, Inc.(a)	407	36
Dana, Inc.	3,108	46
Darden Restaurants, Inc.	648	93
Dave & Buster's Entertainment, Inc.(a)	406	15
Deckers Outdoor Corp.(a)	242	124
Dick's Sporting Goods, Inc.	1,213	132
Dillard's, Inc. 'A'	144	48
Domino's Pizza, Inc.	480	182
DoorDash, Inc. 'A'(a)	1,043	83
Dorman Products, Inc.(a)	198	15
DR Horton, Inc.	562	60
eBay, Inc.	6,149	271
Five Below, Inc.(a)	176	28
Floor & Decor Holdings, Inc. 'A'(a)	391	35
Foot Locker, Inc.	3,698	64
Ford Motor Co.	53,662	666
Gap, Inc.	7,380	78
General Motors Co.	19,627	647
Gentex Corp.	2,762	90
Genuine Parts Co.	268	39
Goodyear Tire & Rubber Co.(a)	6,918	86
Graham Holdings Co. 'B'	35	20
Grand Canyon Education, Inc.(a)	442	52
Group 1 Automotive, Inc.	416	112
Guess?, Inc.	1,167	25
H&R Block, Inc.	3,344	144
Hanesbrands, Inc.	2,911	12
Harley-Davidson, Inc.	1,244	41
Helen of Troy Ltd.(a)	114	13
Hilton Worldwide Holdings, Inc.	422	63
Home Depot, Inc.	3,015	911
Hyatt Hotels Corp. 'A'	114	12
International Game Technology PLC	1,686	51
Jack in the Box, Inc.	907	63
KB Home	661	31
Kohl's Corp.	4,056	85
Kontoor Brands, Inc.	990	43
La-Z-Boy, Inc.	766	24
Las Vegas Sands Corp.	3,515	161
Laureate Education, Inc.	1,102	16
Lear Corp.	841	113
Leggett & Platt, Inc.	1,666	42
Lennar Corp. 'A'	484	54
Light & Wonder, Inc.(a)	260	19
Lithia Motors, Inc.	239	71
Lowe's Cos., Inc.	2,254	468
M/I Homes, Inc.(a)	456	38
Macy's, Inc.	4,999	58
Marriott International, Inc. 'A'	785	154
McDonald's Corp.	4,000	1,054
MDC Holdings, Inc.	1,305	54
Meritage Homes Corp.	610	75
MGM Resorts International	587	22

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2023 (Unaudited)

Murphy USA, Inc.	641	219
Newell Brands, Inc.	757	7
NIKE, Inc. 'B'	3,514	336
Nordstrom, Inc.	2,019	30
Norwegian Cruise Line Holdings Ltd.(a)	1,858	31
NVR, Inc.(a)	12	72
O'Reilly Automotive, Inc.(a)	469	426
ODP Corp.(a)	1,073	49
Penske Automotive Group, Inc.	646	108
Polaris, Inc.	209	22
Pool Corp.	243	87
PulteGroup, Inc.	2,028	150
PVH Corp.	648	50
Qurate Retail, Inc.(a)	15,792	10
Ralph Lauren Corp.	561	65
Red Rock Resorts, Inc. 'A'	263	11
RH - Restoration Hardware Holdings, Inc.(a)	50	13
Ross Stores, Inc.	607	69
Royal Caribbean Cruises Ltd.(a)	437	40
Sally Beauty Holdings, Inc.(a)	3,330	28
Service Corp. International	1,365	78
Signet Jewelers Ltd.	729	52
Skechers USA, Inc. 'A'(a)	594	29
Sonic Automotive, Inc. 'A'	302	14
Starbucks Corp.	3,759	343
Steven Madden Ltd.	873	28
Strategic Education, Inc.	161	12
Taylor Morrison Home Corp.(a)	3,165	135
Tempur Sealy International, Inc.	1,857	80
Texas Roadhouse, Inc.	482	46
Thor Industries, Inc.	1,379	131
TJX Cos., Inc.	4,022	357
Toll Brothers, Inc.	1,282	95
TopBuild Corp.(a)	113	28
Tractor Supply Co.	454	92
Tri Pointe Homes, Inc.(a)	3,226	88
Ulta Beauty, Inc.(a)	209	83
Urban Outfitters, Inc.(a)	2,317	76
Vail Resorts, Inc.	342	76
Valvoline, Inc.	1,289	42
VF Corp.	1,113	20
Vista Outdoor, Inc.(a)	301	10
Visteon Corp.(a)	617	85
Wendy's Co.	4,646	95
Whirlpool Corp.	930	124
Williams-Sonoma, Inc.	1,021	159
Wyndham Hotels & Resorts, Inc.	494	34
Wynn Resorts Ltd.	309	29
Yum! Brands, Inc.	2,103	263
		14,661
CONSUMER STAPLES 10.8%
Albertsons Cos., Inc. 'A'	613	14
Altria Group, Inc.	17,344	729
Andersons, Inc.	467	24
Archer-Daniels-Midland Co.	7,131	538
B&G Foods, Inc.	1,691	17
Boston Beer Co., Inc. 'A'(a)	85	33
Brown-Forman Corp. 'B'	2,200	127
Bunge Ltd.	2,549	276
Cal-Maine Foods, Inc.	1,229	59
Campbell Soup Co.	296	12
Casey's General Stores, Inc.	637	173
Central Garden & Pet Co. 'A'(a)	331	13
Church & Dwight Co., Inc.	1,076	99
Clorox Co.	1,242	163
Coca-Cola Co.	14,875	833
Coca-Cola Consolidated, Inc.	25	16
Colgate-Palmolive Co.	3,570	254
Conagra Brands, Inc.	724	20
Constellation Brands, Inc. 'A'	221	55
Costco Wholesale Corp.	518	293
Dollar General Corp.	758	80
Dollar Tree, Inc.(a)	381	40
Edgewell Personal Care Co.	1,188	44
Flowers Foods, Inc.	2,167	48
General Mills, Inc.	1,646	105
Herbalife Ltd.(a)	1,281	18
Hershey Co.	455	91
Hormel Foods Corp.	395	15
Ingles Markets, Inc. 'A'	221	17
Ingredion, Inc.	580	57
J & J Snack Foods Corp.	84	14
J M Smucker Co.	303	37
Kellogg Co.	1,575	94

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2023 (Unaudited)

Keurig Dr Pepper, Inc.	1,043	33
Kimberly-Clark Corp.	1,755	212
Kraft Heinz Co.	3,470	117
Kroger Co.	10,050	450
Lamb Weston Holdings, Inc.	1,502	139
Lancaster Colony Corp.	309	51
McCormick & Co., Inc.	1,188	90
Molson Coors Beverage Co. 'B'	2,380	151
Mondelez International, Inc. 'A'	4,704	326
Monster Beverage Corp.(a)	3,341	177
National Beverage Corp.(a)	201	9
Nu Skin Enterprises, Inc. 'A'	1,251	26
PepsiCo, Inc.	8,056	1,365
Performance Food Group Co.(a)	2,017	119
Philip Morris International, Inc.	9,212	853
Post Holdings, Inc.(a)	799	68
PriceSmart, Inc.	200	15
Procter & Gamble Co.	5,044	736
Sprouts Farmers Market, Inc.(a)	4,064	174
Sysco Corp.	1,934	128
Target Corp.	5,833	645
TreeHouse Foods, Inc.(a)	772	34
Tyson Foods, Inc. 'A'	2,593	131
United Natural Foods, Inc.(a)	1,188	17
Universal Corp.	224	11
US Foods Holding Corp.(a)	2,754	109
Vector Group Ltd.	2,020	21
Walgreens Boots Alliance, Inc.	20,022	445
Walmart, Inc.	13,804	2,208
Weis Markets, Inc.	154	10
		13,278
ENERGY 7.7%
Antero Resources Corp.(a)	1,530	39
APA Corp.	389	16
Archrock, Inc.	1,717	22
Baker Hughes Co.	10,291	364
ChampionX Corp.	602	21
Chevron Corp.	8,560	1,443
Civitas Resources, Inc.	152	12
CNX Resources Corp.(a)	3,058	69
ConocoPhillips	2,653	318
CVR Energy, Inc.	1,120	38
Delek U.S. Holdings, Inc.	2,811	80
Equitrans Midstream Corp.	1,319	12
Exxon Mobil Corp.	13,809	1,624
Halliburton Co.	1,369	55
Helmerich & Payne, Inc.	1,639	69
Hess Corp.	1,184	181
HF Sinclair Corp.	305	17
Kinder Morgan, Inc.	3,409	57
Marathon Oil Corp.	7,715	206
Marathon Petroleum Corp.	9,014	1,364
Murphy Oil Corp.	1,749	79
Nabors Industries Ltd.(a)	93	11
NOV, Inc.	6,766	141
Occidental Petroleum Corp.	2,859	186
Oceaneering International, Inc.(a)	2,325	60
Patterson-UTI Energy, Inc.	5,031	70
PBF Energy, Inc. 'A'	3,288	176
Peabody Energy Corp.	2,020	53
Permian Resources Corp.	3,762	53
Phillips 66	8,257	992
Range Resources Corp.	1,566	51
Schlumberger NV	5,771	336
SM Energy Co.	1,670	66
Targa Resources Corp.	1,061	91
Transocean Ltd.(a)	9,108	75
Valero Energy Corp.	7,648	1,084
World Kinect Corp.	1,371	31
		9,562
FINANCIALS 12.8%
Affiliated Managers Group, Inc.	649	85
Aflac, Inc.	1,385	106
Allstate Corp.	2,416	269
Ally Financial, Inc.	4,966	133
American Equity Investment Life Holding Co.	1,294	69
American International Group, Inc.	8,277	502
Ameriprise Financial, Inc.	185	61
Aon PLC 'A'	910	295
Apollo Global Management, Inc.	1,517	136
Ares Management Corp. 'A'	934	96
Arthur J Gallagher & Co.	622	142

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2023 (Unaudited)

Artisan Partners Asset Management, Inc. 'A'	719	27
Assurant, Inc.	202	29
Bank of New York Mellon Corp.	5,549	237
Berkshire Hathaway, Inc. 'B'(a)	3,285	1,151
BlackRock, Inc.	230	149
Blackstone, Inc.	1,212	130
Bread Financial Holdings, Inc.	1,494	51
Brighthouse Financial, Inc.(a)	1,653	81
Brown & Brown, Inc.	1,013	71
Capital One Financial Corp.	4,104	398
Citigroup, Inc.	30,805	1,267
CME Group, Inc.	397	79
CNO Financial Group, Inc.	2,232	53
Coinbase Global, Inc. 'A'(a)	579	43
Corebridge Financial, Inc.	753	15
Discover Financial Services	994	86
Erie Indemnity Co. 'A'	218	64
Essent Group Ltd.	285	13
Evercore, Inc. 'A'	635	88
FactSet Research Systems, Inc.	223	98
Federated Hermes, Inc.	1,370	46
First American Financial Corp.	449	25
First Citizens BancShares, Inc. 'A'	37	51
Fiserv, Inc.(a)	1,022	115
FleetCor Technologies, Inc.(a)	215	55
Franklin Resources, Inc.	5,089	125
Genworth Financial, Inc. 'A'(a)	11,666	68
Globe Life, Inc.	124	13
Goldman Sachs Group, Inc.	826	267
Hanover Insurance Group, Inc.	360	40
Hartford Financial Services Group, Inc.	290	21
Houlihan Lokey, Inc.	646	69
Interactive Brokers Group, Inc. 'A'	531	46
Intercontinental Exchange, Inc.	714	79
Invesco Ltd.	6,121	89
Jack Henry & Associates, Inc.	749	113
Jackson Financial, Inc. 'A'	1,879	72
Jefferies Financial Group, Inc.	1,062	39
JPMorgan Chase & Co.	5,192	753
Kemper Corp.	463	19
KKR & Co., Inc.	1,370	84
Lincoln National Corp.	2,509	62
Loews Corp.	1,403	89
LPL Financial Holdings, Inc.	614	146
Markel Group, Inc.(a)	23	34
MarketAxess Holdings, Inc.	105	22
Marsh & McLennan Cos., Inc.	2,117	403
Mastercard, Inc. 'A'	2,479	981
Mercury General Corp.	389	11
MetLife, Inc.	4,669	294
MGIC Investment Corp.	2,064	34
Moelis & Co. 'A'	552	25
Moody's Corp.	316	100
Morningstar, Inc.	127	30
Mr Cooper Group, Inc.(a)	367	20
MSCI, Inc.	413	212
Nasdaq, Inc.	433	21
Navient Corp.	3,047	52
New York Community Bancorp, Inc.	7,517	85
Old Republic International Corp.	463	12
OneMain Holdings, Inc.	994	40
PacWest Bancorp	779	6
PennyMac Financial Services, Inc.	252	17
Primerica, Inc.	173	34
ProAssurance Corp.	686	13
PROG Holdings, Inc.(a)	784	26
Progressive Corp.	853	119
Prudential Financial, Inc.	4,385	416
Reinsurance Group of America, Inc.	130	19
RLI Corp.	229	31
Robinhood Markets, Inc.(a)	1,429	14
S&P Global, Inc.	331	121
SEI Investments Co.	1,313	79
Selective Insurance Group, Inc.	145	15
SLM Corp.	5,164	70
SoFi Technologies, Inc.(a)	1,829	15
State Street Corp.	616	41
Stewart Information Services Corp.	435	19
Stifel Financial Corp.	194	12
Synchrony Financial	12,220	374
T Rowe Price Group, Inc.	1,287	135
Tradeweb Markets, Inc. 'A'	547	44
Travelers Cos., Inc.	2,003	327
Unum Group	3,072	151
Virtu Financial, Inc. 'A'	1,419	25
Visa, Inc. 'A'	5,215	1,200

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2023 (Unaudited)

Voya Financial, Inc.	406	27
Washington Federal, Inc.	410	11
Wells Fargo & Co.	34,928	1,427
Western Union Co.	2,990	39
WEX, Inc.(a)	113	21
White Mountains Insurance Group Ltd.	26	39
		15,773
HEALTH CARE 14.1%
AbbVie, Inc.	8,628	1,286
Align Technology, Inc.(a)	366	112
Amgen, Inc.	3,756	1,009
AMN Healthcare Services, Inc.(a)	317	27
Baxter International, Inc.	1,208	46
Becton Dickinson & Co.	922	238
Biogen, Inc.(a)	1,036	266
BioMarin Pharmaceutical, Inc.(a)	267	24
Boston Scientific Corp.(a)	2,646	140
Bristol-Myers Squibb Co.	4,108	238
Bruker Corp.	699	44
Cardinal Health, Inc.	5,419	470
Cencora, Inc.	693	125
Chemed Corp.	130	68
Cooper Cos., Inc.	308	98
CVS Health Corp.	16,534	1,154
DaVita, Inc.(a)	1,724	163
Dentsply Sirona, Inc.	1,947	66
Dexcom, Inc.(a)	1,334	124
Elevance Health, Inc.	325	141
Eli Lilly & Co.	3,754	2,016
Encompass Health Corp.	1,692	114
Exact Sciences Corp.(a)	720	49
Exelixis, Inc.(a)	577	13
Gilead Sciences, Inc.	14,726	1,104
Globus Medical, Inc. 'A'(a)	393	20
Haemonetics Corp.(a)	516	46
HCA Healthcare, Inc.	1,250	307
Henry Schein, Inc.(a)	590	44
Hologic, Inc.(a)	726	50
Horizon Therapeutics PLC(a)	837	97
Humana, Inc.	106	52
IDEXX Laboratories, Inc.(a)	376	164
Illumina, Inc.(a)	266	37
Incyte Corp.(a)	210	12
Integra LifeSciences Holdings Corp.(a)	408	16
Intuitive Surgical, Inc.(a)	618	181
Jazz Pharmaceuticals PLC(a)	95	12
Johnson & Johnson	6,179	962
Masimo Corp.(a)	361	32
McKesson Corp.	2,217	964
Merck & Co., Inc.	19,966	2,055
Mettler-Toledo International, Inc.(a)	77	85
Moderna, Inc.(a)	589	61
Neurocrine Biosciences, Inc.(a)	320	36
Organon & Co.	5,870	102
Owens & Minor, Inc.(a)	2,417	39
Patterson Cos., Inc.	1,952	58
Pediatrix Medical Group, Inc.(a)	1,257	16
Pfizer, Inc.	13,068	433
Premier, Inc. 'A'	909	20
Quest Diagnostics, Inc.	663	81
Regeneron Pharmaceuticals, Inc.(a)	601	495
ResMed, Inc.	643	95
Royalty Pharma PLC 'A'	1,412	38
Seagen, Inc.(a)	551	117
Select Medical Holdings Corp.	1,592	40
STERIS PLC	443	97
Stryker Corp.	575	157
Teladoc Health, Inc.(a)	1,132	21
Teleflex, Inc.	161	32
Tenet Healthcare Corp.(a)	2,909	192
United Therapeutics Corp.(a)	950	215
Universal Health Services, Inc. 'B'	717	90
Veeva Systems, Inc. 'A'(a)	451	92
Vertex Pharmaceuticals, Inc.(a)	424	147
Viatris, Inc.	16,752	165
Waters Corp.(a)	179	49
West Pharmaceutical Services, Inc.	372	140
Zimmer Biomet Holdings, Inc.	346	39
Zoetis, Inc.	505	88
		17,426
INDUSTRIALS 12.7%
3M Co.	3,946	369

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2023 (Unaudited)

A O Smith Corp.	1,734	115
AAR Corp.(a)	433	26
ABM Industries, Inc.	1,001	40
Acuity Brands, Inc.	379	65
AECOM	1,230	102
AGCO Corp.	673	80
Allison Transmission Holdings, Inc.	2,218	131
American Airlines Group, Inc.(a)	5,022	64
American Woodmark Corp.(a)	187	14
AMETEK, Inc.	363	54
API Group Corp.(a)	1,324	34
Apogee Enterprises, Inc.	324	15
Applied Industrial Technologies, Inc.	122	19
ArcBest Corp.	134	14
Arcosa, Inc.	500	36
Armstrong World Industries, Inc.	165	12
Automatic Data Processing, Inc.	1,103	265
Avis Budget Group, Inc.(a)	1,151	207
Boeing Co.(a)	1,068	205
Boise Cascade Co.	876	90
Booz Allen Hamilton Holding Corp.	2,377	260
Broadridge Financial Solutions, Inc.	1,203	215
Builders FirstSource, Inc.(a)	230	29
BWX Technologies, Inc.	1,317	99
CACI International, Inc. 'A'(a)	390	122
Carrier Global Corp.	3,293	182
Caterpillar, Inc.	2,307	630
CH Robinson Worldwide, Inc.	1,298	112
Cintas Corp.	333	160
Clean Harbors, Inc.(a)	238	40
Comfort Systems USA, Inc.	209	36
Copart, Inc.(a)	6,164	266
CoreCivic, Inc.(a)	3,073	35
CoStar Group, Inc.(a)	1,393	107
CSG Systems International, Inc.	320	16
CSX Corp.	6,580	202
Cummins, Inc.	1,007	230
Curtiss-Wright Corp.	364	71
Deere & Co.	471	178
Delta Air Lines, Inc.	323	12
Donaldson Co., Inc.	1,050	63
Dover Corp.	293	41
Eaton Corp. PLC	691	147
EMCOR Group, Inc.	109	23
Emerson Electric Co.	2,043	197
Encore Wire Corp.	376	69
Equifax, Inc.	402	74
Expeditors International of Washington, Inc.	844	97
Fastenal Co.	1,455	79
FedEx Corp.	374	99
Flowserve Corp.	584	23
Fluor Corp.(a)	1,034	38
Fortive Corp.	752	56
Fortune Brands Innovations, Inc.	222	14
Franklin Electric Co., Inc.	144	13
FTI Consulting, Inc.(a)	613	109
GATX Corp.	358	39
Generac Holdings, Inc.(a)	236	26
General Electric Co.	8,279	915
Genpact Ltd.	1,324	48
GEO Group, Inc.(a)	1,772	14
GMS, Inc.(a)	535	34
Graco, Inc.	1,410	103
Granite Construction, Inc.	677	26
Greenbrier Cos., Inc.	1,095	44
GXO Logistics, Inc.(a)	216	13
Healthcare Services Group, Inc.	2,136	22
HEICO Corp.	297	48
Hexcel Corp.	1,348	88
Hillenbrand, Inc.	310	13
HNI Corp.	420	15
Howmet Aerospace, Inc.	2,807	130
Hub Group, Inc. 'A'(a)	529	42
Hubbell, Inc.	284	89
Huntington Ingalls Industries, Inc.	105	21
IDEX Corp.	538	112
Illinois Tool Works, Inc.	1,410	325
Ingersoll Rand, Inc.	1,741	111
Insperity, Inc.	296	29
ITT, Inc.	921	90
JB Hunt Transport Services, Inc.	232	44
JELD-WEN Holding, Inc.(a)	921	12
JetBlue Airways Corp.(a)	5,411	25
Johnson Controls International PLC	1,288	69
KBR, Inc.	1,125	66
Kennametal, Inc.	498	12

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2023 (Unaudited)

Kirby Corp.(a)	149	12
Knight-Swift Transportation Holdings, Inc.	690	35
L3Harris Technologies, Inc.	418	73
Landstar System, Inc.	667	118
Leidos Holdings, Inc.	588	54
Lennox International, Inc.	545	204
Lincoln Electric Holdings, Inc.	750	136
Lockheed Martin Corp.	1,722	704
ManpowerGroup, Inc.	1,055	77
Masco Corp.	1,138	61
Masonite International Corp.(a)	134	12
MasTec, Inc.(a)	166	12
Masterbrand, Inc.(a)	2,661	32
Matson, Inc.	149	13
Maximus, Inc.	831	62
MDU Resources Group, Inc.	2,594	51
Moog, Inc. 'A'	276	31
MSA Safety, Inc.	243	38
MSC Industrial Direct Co., Inc. 'A'	1,085	106
Mueller Industries, Inc.	1,218	92
Nordson Corp.	219	49
Northrop Grumman Corp.	560	246
NOW, Inc.(a)	1,568	19
Old Dominion Freight Line, Inc.	133	54
OPENLANE, Inc.(a)	2,402	36
Oshkosh Corp.	994	95
Otis Worldwide Corp.	1,688	136
Owens Corning	636	87
PACCAR, Inc.	817	69
Parker-Hannifin Corp.	246	96
Parsons Corp.(a)	274	15
Paychex, Inc.	829	96
Primoris Services Corp.	497	16
Quanta Services, Inc.	948	177
Republic Services, Inc.	356	51
Resideo Technologies, Inc.(a)	1,419	22
Robert Half, Inc.	734	54
Rockwell Automation, Inc.	212	61
Rollins, Inc.	2,238	84
Rush Enterprises, Inc. 'A'	801	33
Ryder System, Inc.	943	101
Saia, Inc.(a)	112	45
Schneider National, Inc. 'B'	786	22
Science Applications International Corp.	302	32
Simpson Manufacturing Co., Inc.	100	15
SiteOne Landscape Supply, Inc.(a)	79	13
SkyWest, Inc.(a)	1,243	52
Snap-on, Inc.	157	40
Spirit AeroSystems Holdings, Inc. 'A'	626	10
Stanley Black & Decker, Inc.	214	18
Steelcase, Inc. 'A'	1,400	16
Stericycle, Inc.(a)	985	44
Terex Corp.	2,225	128
Tetra Tech, Inc.	83	13
Textron, Inc.	379	30
Timken Co.	1,093	80
Toro Co.	1,390	115
TransDigm Group, Inc.(a)	113	95
TriNet Group, Inc.(a)	182	21
Trinity Industries, Inc.	1,315	32
U-Haul Holding Co.(a)	335	18
U-Haul Holding Co.	657	34
Uber Technologies, Inc.(a)	3,483	160
UFP Industries, Inc.	848	87
UniFirst Corp.	172	28
Union Pacific Corp.	2,757	561
United Airlines Holdings, Inc.(a)	743	31
United Parcel Service, Inc. 'B'	2,440	380
United Rentals, Inc.	130	58
Verisk Analytics, Inc.	1,415	334
Veritiv Corp.	108	18
Waste Management, Inc.	490	75
Watsco, Inc.	630	238
Watts Water Technologies, Inc. 'A'	204	35
Werner Enterprises, Inc.	1,323	51
WESCO International, Inc.	1,126	162
Westinghouse Air Brake Technologies Corp.	340	36
Woodward, Inc.	99	12
WW Grainger, Inc.	276	191
XPO, Inc.(a)	414	31
Xylem, Inc.	1,307	119
		15,726
INFORMATION TECHNOLOGY 16.7%
Adobe, Inc.(a)	807	411

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2023 (Unaudited)

Advanced Micro Devices, Inc.(a)	2,954	304
Akamai Technologies, Inc.(a)	303	32
Amdocs Ltd.	486	41
Amkor Technology, Inc.	1,762	40
Amphenol Corp. 'A'	935	79
Analog Devices, Inc.	864	151
Ansys, Inc.(a)	524	156
Apple, Inc.	16,749	2,868
Applied Materials, Inc.	4,803	665
AppLovin Corp.(a)	495	20
Arista Networks, Inc.(a)	867	159
Arrow Electronics, Inc.(a)	1,096	137
Autodesk, Inc.(a)	585	121
Avnet, Inc.	1,461	70
Belden, Inc.	546	53
Bentley Systems, Inc. 'B'	967	48
Broadcom, Inc.	1,257	1,044
Cadence Design Systems, Inc.(a)	469	110
CDW Corp.	604	122
Cirrus Logic, Inc.(a)	450	33
Cisco Systems, Inc.	30,796	1,656
Cognex Corp.	528	22
CommVault Systems, Inc.(a)	186	13
Corning, Inc.	9,579	292
Dell Technologies, Inc. 'C'	656	45
Dolby Laboratories, Inc. 'A'	568	45
Dropbox, Inc. 'A'(a)	641	17
DXC Technology Co.(a)	2,131	44
Fair Isaac Corp.(a)	177	154
First Solar, Inc.(a)	350	57
Flex Ltd.(a)	2,930	79
Fortinet, Inc.(a)	1,264	74
Gartner, Inc.(a)	341	117
GCI Liberty, Inc.«(a)	221	0
Gen Digital, Inc.	4,822	85
GoDaddy, Inc. 'A'(a)	429	32
Guidewire Software, Inc.(a)	139	13
Hewlett Packard Enterprise Co.	25,772	448
HP, Inc.	11,620	299
Insight Enterprises, Inc.(a)	597	87
Intel Corp.	18,814	669
International Business Machines Corp.	11,502	1,614
IPG Photonics Corp.(a)	112	11
Jabil, Inc.	1,634	207
Juniper Networks, Inc.	4,767	132
KLA Corp.	532	244
Kyndryl Holdings, Inc.(a)	3,873	58
Lam Research Corp.	646	405
Manhattan Associates, Inc.(a)	359	71
Microchip Technology, Inc.	996	78
Motorola Solutions, Inc.	675	184
National Instruments Corp.	1,003	60
NCR Corp.(a)	1,374	37
NetApp, Inc.	434	33
NetScout Systems, Inc.(a)	1,261	35
NVIDIA Corp.	3,177	1,382
Okta, Inc.(a)	464	38
ON Semiconductor Corp.(a)	827	77
Oracle Corp.	16,347	1,731
OSI Systems, Inc.(a)	157	19
Palantir Technologies, Inc. 'A'(a)	6,167	99
Plexus Corp.(a)	238	22
PTC, Inc.(a)	377	53
Qorvo, Inc.(a)	134	13
QUALCOMM, Inc.	5,577	619
Roper Technologies, Inc.	183	89
salesforce.com, Inc.(a)	1,717	348
Sanmina Corp.(a)	1,215	66
Seagate Technology Holdings PLC	817	54
ServiceNow, Inc.(a)	663	371
Skyworks Solutions, Inc.	483	48
Super Micro Computer, Inc.(a)	576	158
Synopsys, Inc.(a)	253	116
Teradata Corp.(a)	1,051	47
Teradyne, Inc.	449	45
Texas Instruments, Inc.	2,846	453
TTM Technologies, Inc.(a)	823	11
Twilio, Inc. 'A'(a)	520	30
Tyler Technologies, Inc.(a)	37	14
Unity Software, Inc.(a)	962	30
VeriSign, Inc.(a)	471	95
Vishay Intertechnology, Inc.	2,384	59
VMware, Inc. 'A'(a)	347	58
Vontier Corp.	517	16
Western Digital Corp.(a)	3,198	146
Wolfspeed, Inc.(a)	443	17

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2023 (Unaudited)

Workday, Inc. 'A'(a)	676	145
Xerox Holdings Corp.	3,486	55
		20,605
MATERIALS 3.8%
Air Products & Chemicals, Inc.	348	99
Alcoa Corp.	1,509	44
AptarGroup, Inc.	590	74
ATI, Inc.(a)	1,247	51
Avery Dennison Corp.	489	89
Axalta Coating Systems Ltd.(a)	2,382	64
Ball Corp.	246	12
Berry Global Group, Inc.	1,104	68
Cabot Corp.	739	51
Carpenter Technology Corp.	1,146	77
Celanese Corp.	716	90
Chemours Co.	1,347	38
Commercial Metals Co.	2,161	107
Corteva, Inc.	1,229	63
Crown Holdings, Inc.	952	84
DuPont de Nemours, Inc.	4,345	324
Eagle Materials, Inc.	280	47
Eastman Chemical Co.	338	26
Freeport-McMoRan, Inc.	2,591	97
Graphic Packaging Holding Co.	6,996	156
Greif, Inc. 'A'	456	30
Huntsman Corp.	978	24
Innospec, Inc.	156	16
International Flavors & Fragrances, Inc.	202	14
International Paper Co.	2,089	74
Kaiser Aluminum Corp.	159	12
Linde PLC	833	310
Louisiana-Pacific Corp.	874	48
LyondellBasell Industries NV 'A'	4,573	433
Martin Marietta Materials, Inc.	148	61
Mosaic Co.	3,792	135
NewMarket Corp.	57	26
Newmont Corp.	1,450	54
Nucor Corp.	1,970	308
O-I Glass, Inc.(a)	2,855	48
Olin Corp.	1,152	58
PPG Industries, Inc.	1,203	156
Reliance Steel & Aluminum Co.	842	221
Royal Gold, Inc.	359	38
RPM International, Inc.	1,566	148
Schnitzer Steel Industries, Inc. 'A'	391	11
Scotts Miracle-Gro Co.	623	32
Sealed Air Corp.	2,775	91
Sensient Technologies Corp.	338	20
Sherwin-Williams Co.	312	80
Silgan Holdings, Inc.	1,143	49
Sonoco Products Co.	1,417	77
Southern Copper Corp.	1	0
Steel Dynamics, Inc.	758	81
Stepan Co.	129	10
Sylvamo Corp.	1,020	45
United States Steel Corp.	2,600	84
Vulcan Materials Co.	171	34
Warrior Met Coal, Inc.	1,887	96
WestRock Co.	3,455	124
Worthington Industries, Inc.	274	17
		4,726
REAL ESTATE 0.2%
Anywhere Real Estate, Inc.(a)	4,828	31
CBRE Group, Inc. 'A'(a)	603	45
DigitalBridge Group, Inc.	3,410	60
Jones Lang LaSalle, Inc.(a)	122	17
Zillow Group, Inc. 'C'(a)	871	40
		193
UTILITIES 0.7%
AES Corp.	3,651	55
Atmos Energy Corp.	818	87
Avista Corp.	1,042	34
Clearway Energy, Inc. 'C'	901	19
Constellation Energy Corp.	620	68
Dominion Energy, Inc.	1,317	59
Evergy, Inc.	318	16
Exelon Corp.	4,521	171
Hawaiian Electric Industries, Inc.	1,128	14
National Fuel Gas Co.	938	49

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2023 (Unaudited)

NRG Energy, Inc.	935	36
Ormat Technologies, Inc.	386	27
PG&E Corp.(a)	3,192	51
PNM Resources, Inc.	702	31
Vistra Corp.	4,532	150
		867
Total United States		119,278
Total Common Stocks (Cost $108,261)		120,227
REAL ESTATE INVESTMENT TRUSTS 2.0%
UNITED STATES 2.0%
FINANCIALS 0.3%
AGNC Investment Corp.	3,612	34
Annaly Capital Mangaement, Inc.	1,097	21
Blackstone Mortgage Trust, Inc. 'A'	1,900	41
Chimera Investment Corp.	6,928	38
Ladder Capital Corp.	1,399	14
MFA Financial, Inc.	2,749	27
New York Mortgage Trust, Inc.	976	8
PennyMac Mortgage Investment Trust	2,803	35
Redwood Trust, Inc.	2,058	15
Rithm Capital Corp.	10,328	96
Starwood Property Trust, Inc.	2,959	57
Two Harbors Investment Corp.	2,052	27
		413
REAL ESTATE 1.7%
American Homes 4 Rent 'A'	1,297	44
Americold Realty Trust, Inc.	2,646	80
Apple Hospitality REIT, Inc.	3,267	50
Camden Property Trust	606	57
COPT Defense Properties	1,341	32
CubeSmart	1,062	40
DiamondRock Hospitality Co.	3,551	29
Elme Communities	802	11
Equinix, Inc.	184	134
Equity Commonwealth	1,547	28
Equity LifeStyle Properties, Inc.	660	42
Extra Space Storage, Inc.	530	64
First Industrial Realty Trust, Inc.	611	29
Gaming & Leisure Properties, Inc.	1,708	78
Healthcare Realty Trust, Inc.	2,431	37
Host Hotels & Resorts, Inc.	1,386	22
Invitation Homes, Inc.	3,206	102
Iron Mountain, Inc.	1,902	113
Kilroy Realty Corp.	807	25
Kite Realty Group Trust	777	17
Lamar Advertising Co. 'A'	498	42
LXP Industrial Trust	2,092	19
Macerich Co.	5,347	58
Omega Healthcare Investors, Inc.	906	30
Paramount Group, Inc.	3,843	18
Park Hotels & Resorts, Inc.	4,044	50
Physicians Realty Trust	1,535	19
Piedmont Office Realty Trust, Inc. 'A'	1,558	9
Public Storage	197	52
Rayonier, Inc.	1,016	29
Regency Centers Corp.	527	31
RLJ Lodging Trust	4,517	44
SBA Communications Corp.	146	29
Service Properties Trust	2,339	18
Simon Property Group, Inc.	1,589	172
SITE Centers Corp.	3,014	37
SL Green Realty Corp.	312	12
Spirit Realty Capital, Inc.	262	9
STAG Industrial, Inc.	354	12
Sun Communities, Inc.	484	57
Sunstone Hotel Investors, Inc.	4,281	40
Tanger Factory Outlet Centers, Inc.	1,299	29
UDR, Inc.	1,573	56
Veris Residential, Inc.	1,795	30
VICI Properties, Inc.	2,472	72
WP Carey, Inc.	1,056	57

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2023 (Unaudited)

Xenia Hotels & Resorts, Inc.	1,944		23
			2,088
Total Real Estate Investment Trusts (Cost $2,657)			2,501
SHORT-TERM INSTRUMENTS 0.6%
REPURCHASE AGREEMENTS (b) 0.6%			695
Total Short-Term Instruments (Cost $695)			695
Total Investments in Securities (Cost $111,613)			123,423
Total Investments 99.9% (Cost $111,613)		$	123,423
Other Assets and Liabilities, net 0.1%			99
Net Assets 100.0%		$	123,522

Schedule of Investments PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF(Cont.) September 30, 2023 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:
* A zero balance may reflect actual amounts rounding to less than one thousand.
¤		The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.
«		Security valued using significant unobservable inputs (Level 3).
(a)		Security did not produce income within the last twelve months.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(b)		REPURCHASE AGREEMENTS:
Counterparty			Lending Rate	Settlement Date	Maturity Date		Principal Amount		Collateralized By						Collateral (Received)				Repurchase Agreements, at Value			Repurchase Agreement Proceeds to be Received(1)
FICC			2.600%	09/29/2023	10/02/2023	$	695		U.S. Treasury Notes 0.750% due 04/30/2026					$		(709)		$		695	$		695
Total Repurchase Agreements														$		(709)		$		695	$		695
(1)		Includes accrued interest.
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1			Level 2		Level 3				Fair Value at 09/30/2023
Investments in Securities, at Value
Common Stocks
	Ireland
		Information Technology						$		434	$	0	$	0			$			434
	United Kingdom
		Communication Services								88		0		0						88
		Energy								115		0		0						115
		Financials								75		0		0						75
		Industrials								183		0		0						183
		Materials								54		0		0						54
	United States
		Communication Services								6,461		0		0						6,461
		Consumer Discretionary								14,661		0		0						14,661
		Consumer Staples								13,278		0		0						13,278
		Energy								9,562		0		0						9,562
		Financials								15,773		0		0						15,773
		Health Care								17,426		0		0						17,426
		Industrials								15,726		0		0						15,726
		Information Technology								20,605		0		0						20,605
		Materials								4,726		0		0						4,726
		Real Estate								193		0		0						193
		Utilities								867		0		0						867
Real Estate Investment Trusts
	United States
		Financials								413		0		0						413
		Real Estate								2,088		0		0						2,088
Short-Term Instruments
	Repurchase Agreements									0		695		0						695
Total Investments								$		122,728	$	695	$	0			$			123,423
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO RAFI ESG U.S. ETF September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 99.4% ¤
COMMON STOCKS 97.6%
IRELAND 0.7%
INFORMATION TECHNOLOGY 0.7%
Accenture PLC 'A'	890	$	273
Total Ireland			273
UNITED KINGDOM 0.3%
COMMUNICATION SERVICES 0.2%
Liberty Global PLC 'C'(a)	2,859		53
MATERIALS 0.1%
Amcor PLC	4,420		41
Total United Kingdom			94
UNITED STATES 96.6%
COMMUNICATION SERVICES 9.2%
Activision Blizzard, Inc.	43		4
AT&T, Inc.	46,112		693
Comcast Corp. 'A'	12,760		566
Electronic Arts, Inc.	648		78
Lumen Technologies, Inc.(a)	14,712		21
Meta Platforms, Inc. 'A'(a)	4,926		1,479
Netflix, Inc.(a)	81		30
Omnicom Group, Inc.	205		15
Paramount Global 'B'	3,141		40
T-Mobile U.S., Inc.	383		54
Verizon Communications, Inc.	6,361		206
Walt Disney Co.(a)	3,808		309
			3,495
CONSUMER DISCRETIONARY 7.1%
Adient PLC(a)	466		17
Advance Auto Parts, Inc.	103		6
Best Buy Co., Inc.	1,841		128
Booking Holdings, Inc.(a)	4		12
eBay, Inc.	969		43
Foot Locker, Inc.	641		11
Ford Motor Co.	30,513		379
Gap, Inc.	3,702		39
General Motors Co.	13,437		443
Genuine Parts Co.	263		38
Goodyear Tire & Rubber Co.(a)	1,352		17
Hasbro, Inc.	441		29
Hilton Worldwide Holdings, Inc.	212		32
Home Depot, Inc.	1,478		447
Kohl's Corp.	2,043		43
Lear Corp.	321		43
LKQ Corp.	283		14
Lowe's Cos., Inc.	1,264		263
Marriott International, Inc. 'A'	388		76
Mohawk Industries, Inc.(a)	238		20
Newell Brands, Inc.	1,796		16
NIKE, Inc. 'B'	1,610		154
PVH Corp.	551		42
Tapestry, Inc.	541		15
Tesla, Inc.(a)	317		79
TJX Cos., Inc.	1,630		145
Tractor Supply Co.	55		11
VF Corp.	2,808		50

Schedule of Investments PIMCO RAFI ESG U.S. ETF(Cont.) September 30, 2023 (Unaudited)

Whirlpool Corp.	477	64
		2,676
CONSUMER STAPLES 6.7%
Archer-Daniels-Midland Co.	454	34
Campbell Soup Co.	422	17
Church & Dwight Co., Inc.	168	15
Clorox Co.	159	21
Coca-Cola Co.	5,675	318
Colgate-Palmolive Co.	1,687	120
Conagra Brands, Inc.	752	21
Dollar General Corp.	432	46
Estee Lauder Cos., Inc. 'A'	239	35
General Mills, Inc.	1,305	83
Hershey Co.	100	20
Ingredion, Inc.	119	12
J M Smucker Co.	255	31
Kellogg Co.	693	41
Keurig Dr Pepper, Inc.	293	9
Kimberly-Clark Corp.	868	105
Kraft Heinz Co.	2,322	78
Mondelez International, Inc. 'A'	2,421	168
Procter & Gamble Co.	5,701	832
Sysco Corp.	1,281	85
Target Corp.	2,150	238
Tyson Foods, Inc. 'A'	1,366	69
US Foods Holding Corp.(a)	379	15
Walgreens Boots Alliance, Inc.	5,277	117
		2,530
FINANCIALS 15.4%
Aflac, Inc.	1,100	84
Allstate Corp.	1,141	127
American Express Co.	1,171	175
Ameriprise Financial, Inc.	285	94
Bank of America Corp.	24,642	675
Bank of New York Mellon Corp.	3,676	157
BlackRock, Inc.	215	139
Bread Financial Holdings, Inc.	419	14
Citigroup, Inc.	19,314	794
Equitable Holdings, Inc.	1,515	43
Fidelity National Information Services, Inc.	1,676	93
Fifth Third Bancorp	451	11
Fiserv, Inc.(a)	386	44
Goldman Sachs Group, Inc.	246	80
Hartford Financial Services Group, Inc.	1,009	72
JPMorgan Chase & Co.	7,149	1,037
Lincoln National Corp.	1,906	47
Marsh & McLennan Cos., Inc.	137	26
Mastercard, Inc. 'A'	548	217
MetLife, Inc.	2,767	174
Moody's Corp.	86	27
PayPal Holdings, Inc.(a)	1,695	99
Principal Financial Group, Inc.	648	47
Progressive Corp.	574	80
Prudential Financial, Inc.	1,995	189
S&P Global, Inc.	269	98
State Street Corp.	1,075	72
Visa, Inc. 'A'	1,384	318
Wells Fargo & Co.	18,501	756
Western Union Co.	1,980	26
		5,815
HEALTH CARE 18.8%
Abbott Laboratories	2,852	276
AbbVie, Inc.	2,232	333
Agilent Technologies, Inc.	346	39
Amgen, Inc.	354	95
Baxter International, Inc.	560	21
Becton Dickinson & Co.	435	112
Biogen, Inc.(a)	582	150
Boston Scientific Corp.(a)	1,743	92
Bristol-Myers Squibb Co.	6,917	401
Cardinal Health, Inc.	1,267	110
Cencora, Inc.	282	51
Cigna Group	1,288	368
CVS Health Corp.	7,414	518
DaVita, Inc.(a)	442	42
Edwards Lifesciences Corp.(a)	371	26
Elevance Health, Inc.	800	348
Eli Lilly & Co.	473	254
Fortrea Holdings, Inc.(a)	207	6

Schedule of Investments PIMCO RAFI ESG U.S. ETF(Cont.) September 30, 2023 (Unaudited)

Gilead Sciences, Inc.	3,225	242
Henry Schein, Inc.(a)	190	14
Hologic, Inc.(a)	262	18
Humana, Inc.	108	52
Illumina, Inc.(a)	149	20
Intuitive Surgical, Inc.(a)	105	31
Johnson & Johnson	7,068	1,101
Laboratory Corp. of America Holdings	207	42
McKesson Corp.	303	132
Merck & Co., Inc.	5,794	596
Pfizer, Inc.	18,476	613
Quest Diagnostics, Inc.	443	54
Regeneron Pharmaceuticals, Inc.(a)	33	27
Stryker Corp.	253	69
UnitedHealth Group, Inc.	1,509	761
Universal Health Services, Inc. 'B'	105	13
Viatris, Inc.	3,313	33
Waters Corp.(a)	109	30
		7,090
INDUSTRIALS 4.8%
3M Co.	2,910	272
AGCO Corp.	29	3
Automatic Data Processing, Inc.	517	124
Carrier Global Corp.	1,746	96
Cummins, Inc.	729	167
Deere & Co.	330	125
Dover Corp.	265	37
Fastenal Co.	72	4
FedEx Corp.	719	191
Fortune Brands Innovations, Inc.	130	8
Illinois Tool Works, Inc.	496	114
Johnson Controls International PLC	2,151	114
ManpowerGroup, Inc.	417	31
Masterbrand, Inc.(a)	120	1
Otis Worldwide Corp.	159	13
Owens Corning	518	71
Paychex, Inc.	156	18
Republic Services, Inc.	309	44
Rockwell Automation, Inc.	79	23
Stanley Black & Decker, Inc.	264	22
United Parcel Service, Inc. 'B'	993	155
United Rentals, Inc.	84	37
Waste Management, Inc.	676	103
WW Grainger, Inc.	84	58
		1,831
INFORMATION TECHNOLOGY 30.5%
Adobe, Inc.(a)	501	256
Advanced Micro Devices, Inc.(a)	645	66
Akamai Technologies, Inc.(a)	292	31
Amdocs Ltd.	360	31
Analog Devices, Inc.	126	22
Apple, Inc.	11,703	2,004
Applied Materials, Inc.	1,960	271
Arrow Electronics, Inc.(a)	418	52
Avnet, Inc.	833	40
Broadcom, Inc.	417	346
Cadence Design Systems, Inc.(a)	189	44
CDW Corp.	213	43
Cisco Systems, Inc.	19,082	1,026
Cognizant Technology Solutions Corp. 'A'	1,799	122
Corning, Inc.	1,113	34
Dell Technologies, Inc. 'C'	164	11
DXC Technology Co.(a)	933	20
Flex Ltd.(a)	1,621	44
Gen Digital, Inc.	2,190	39
Hewlett Packard Enterprise Co.	13,946	242
HP, Inc.	6,001	154
Intel Corp.	41,569	1,478
International Business Machines Corp.	4,236	594
Juniper Networks, Inc.	1,866	52
KLA Corp.	54	25
Lam Research Corp.	267	167
Marvell Technology, Inc.	278	15
Microchip Technology, Inc.	66	5
Micron Technology, Inc.	4,623	315
Microsoft Corp.	6,731	2,125
Motorola Solutions, Inc.	186	51
NetApp, Inc.	1,012	77
ON Semiconductor Corp.(a)	519	48
Oracle Corp.	4,444	471
QUALCOMM, Inc.	3,937	437
salesforce.com, Inc.(a)	225	46

Schedule of Investments PIMCO RAFI ESG U.S. ETF(Cont.) September 30, 2023 (Unaudited)

Seagate Technology Holdings PLC	1,492		98
Synopsys, Inc.(a)	29		13
TE Connectivity Ltd.	703		87
Teradyne, Inc.	53		5
Texas Instruments, Inc.	1,646		262
VMware, Inc. 'A'(a)	500		83
Western Digital Corp.(a)	2,804		128
Xerox Holdings Corp.	2,163		34
			11,514
MATERIALS 3.6%
Air Products & Chemicals, Inc.	240		68
Ball Corp.	632		32
CF Industries Holdings, Inc.	360		31
Dow, Inc.	3,290		170
DuPont de Nemours, Inc.	2,784		208
Eastman Chemical Co.	602		46
Ecolab, Inc.	538		91
International Flavors & Fragrances, Inc.	226		15
International Paper Co.	2,211		78
Linde PLC	813		303
Mosaic Co.	890		32
Newmont Corp.	2,792		103
Packaging Corp. of America	237		36
PPG Industries, Inc.	633		82
Sherwin-Williams Co.	181		46
WestRock Co.	937		34
			1,375
REAL ESTATE 0.2%
CBRE Group, Inc. 'A'(a)	677		50
Jones Lang LaSalle, Inc.(a)	251		35
			85
UTILITIES 0.3%
American Water Works Co., Inc.	312		39
Edison International	1,045		66
			105
Total United States			36,516
Total Common Stocks (Cost $37,291)			36,883
REAL ESTATE INVESTMENT TRUSTS 1.8%
UNITED STATES 1.8%
REAL ESTATE 1.8%
American Tower Corp.	319		53
AvalonBay Communities, Inc.	188		32
Crown Castle, Inc.	738		68
Equinix, Inc.	62		45
Equity Residential	591		35
Essex Property Trust, Inc.	88		19
Healthpeak Properties, Inc.	1,198		22
Host Hotels & Resorts, Inc.	2,827		45
Iron Mountain, Inc.	937		56
Mid-America Apartment Communities, Inc.	29		4
Prologis, Inc.	519		58
Ventas, Inc.	1,362		57
Vornado Realty Trust	400		9
Welltower, Inc.	1,134		93
Weyerhaeuser Co.	2,814		86
			682
Total Real Estate Investment Trusts (Cost $779)			682
Total Investments in Securities (Cost $38,070)			37,565
Total Investments 99.4% (Cost $38,070)		$	37,565
Other Assets and Liabilities, net 0.6%			244
Net Assets 100.0%		$	37,809

Schedule of Investments PIMCO RAFI ESG U.S. ETF(Cont.) September 30, 2023 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:
* A zero balance may reflect actual amounts rounding to less than one thousand.
¤		The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.
(a)		Security did not produce income within the last twelve months.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory			Level 1		Level 2		Level 3		Fair Value at 09/30/2023
Investments in Securities, at Value
Common Stocks
	Ireland
		Information Technology	$	273	$	0	$	0	$	273
	United Kingdom
		Communication Services		53		0		0		53
		Materials		41		0		0		41
	United States
		Communication Services		3,495		0		0		3,495
		Consumer Discretionary		2,676		0		0		2,676
		Consumer Staples		2,530		0		0		2,530
		Financials		5,815		0		0		5,815
		Health Care		7,090		0		0		7,090
		Industrials		1,831		0		0		1,831
		Information Technology		11,514		0		0		11,514
		Materials		1,375		0		0		1,375
		Real Estate		85		0		0		85
		Utilities		105		0		0		105
Real Estate Investment Trusts
	United States
		Real Estate		682		0		0		682
Total Investments			$	37,565	$	0	$	0	$	37,565
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO REALPATH® Blend 2025 Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 43.1% ¤
MUTUAL FUNDS 42.6%
Vanguard Developed Markets Index Fund 'Institutional'		4,722,297	$	66,396
Vanguard Emerging Markets Stock Index Fund 'Institutional'		1,194,597		29,757
Vanguard Institutional Index Fund 'Institutional'		224,003		80,173
Vanguard Small-Cap Index Fund 'Institutional'		52,054		4,715
Total Mutual Funds (Cost $164,473)				181,041
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.5%
REPURCHASE AGREEMENTS (d) 0.3%				1,399
U.S. TREASURY BILLS 0.2%
5.407% due 10/19/2023 - 12/21/2023 (a)(b)(e)(h)	$	819		815
Total Short-Term Instruments (Cost $2,214)				2,214
Total Investments in Securities (Cost $166,687)				183,255
		SHARES
INVESTMENTS IN AFFILIATES 56.8%
MUTUAL FUNDS (c) 52.4%
PIMCO Emerging Markets Local Currency and Bond Fund		2,349,086		13,061
PIMCO High Yield Fund		1,190,300		8,987
PIMCO Income Fund		5,656,538		57,640
PIMCO International Bond Fund (U.S. Dollar-Hedged)		1,168,494		10,972
PIMCO Long-Term Real Return Fund		3,646,338		42,698
PIMCO Long-Term U.S. Government Fund		1,684,550		22,674
PIMCO Real Return Fund		1,801,448		17,420
PIMCO Total Return Fund		5,961,315		48,704
Total Mutual Funds (Cost $260,486)				222,156
SHORT-TERM INSTRUMENTS 4.4%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.4%
PIMCO Short-Term Floating NAV Portfolio III		1,910,480		18,572
Total Short-Term Instruments (Cost $18,567)				18,572
Total Investments in Affiliates (Cost $279,053)				240,728
Total Investments 99.9% (Cost $445,740)			$	423,983
Financial Derivative Instruments(f)(g)0.3%(Cost or Premiums, net $1,957)				1,111
Other Assets and Liabilities, net (0.2)%				(881)
Net Assets 100.0%			$	424,213

Schedule of Investments PIMCO REALPATH® Blend 2025 Fund(Cont.) September 30, 2023 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:
* A zero balance may reflect actual amounts rounding to less than one thousand.
¤	The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.
(a)	Coupon represents a weighted average yield to maturity.
(b)	Zero coupon security.
(c)	Institutional Class Shares of each Fund.
BORROWINGS AND OTHER FINANCING TRANSACTIONS
(d)	REPURCHASE AGREEMENTS:
Counterparty		Lending Rate	Settlement Date			Maturity Date			Principal Amount		Collateralized By										Collateral (Received)								Repurchase Agreements, at Value							Repurchase Agreement Proceeds to be Received(1)
FICC		2.600%	09/29/2023			10/02/2023		$	1,399		U.S. Treasury Notes 5.000% due 08/31/2025									$			(1,427)					$			1,399			$			1,399
Total Repurchase Agreements																				$			(1,427)					$			1,399			$			1,399
(e)	Securities with an aggregate market value of $199 have been pledged as collateral as of September 30, 2023 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.
(1)	Includes accrued interest.
(f)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
PURCHASED OPTIONS:
OPTIONS ON INDICES
Description										Strike Value		Expiration Date				# of Contracts			Notional Amount							Cost									Market Value
Put - CBOE S&P 500										2,900.000		12/15/2023				13			1						$	108							$		4
Put - CBOE S&P 500										3,150.000		12/15/2023				33			3							395									15
Put - CBOE S&P 500										3,150.000		03/15/2024				78			8							780									126
Put - CBOE S&P 500										3,600.000		06/28/2024				85			9							542									527
Put - CBOE S&P 500										3,575.000		09/20/2024				93			9							555									726
Total Purchased Options																						$				2,380							$		1,398
WRITTEN OPTIONS:
OPTIONS ON INDICES
Description										Strike Value		Expiration Date				# of Contracts			Notional Amount							Premiums (Received)									Market Value
Put - CBOE S&P 500										2,500.000		12/15/2023				33			3						$	(150)							$		(4)
Put - CBOE S&P 500										2,400.000		03/15/2024				78			8							(273)									(40)
Total Written Options																						$				(423)							$		(44)
(g)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON COMMODITY AND EQUITY INDICES
																															Swap Agreements, at Value
Counterparty		Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date		Notional Amount			Premiums Paid/(Received)									Unrealized Appreciation/ (Depreciation)					Asset						Liability
BPS		Pay		BCOMTR Index			1,091		5.465% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2024	$	265		$	0						$			7			$		7				$		0
GST		Receive		BCOMTR Index			34,711		5.475% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2024		8,431			0									(210)					0						(210)
JPM		Receive		FNRETR Index			135		5.640% (1-Month USD-LIBOR plus a specified spread)		Monthly		10/18/2023		2,654			0									(12)					0						(12)

Schedule of Investments PIMCO REALPATH® Blend 2025 Fund(Cont.) September 30, 2023 (Unaudited)

MYI			Receive	FNRETR Index	187	5.700% (1-Month USD-LIBOR plus a specified spread)		Monthly		04/17/2024		3,676		0			(17)				0		(17)
			Receive	FNRETR Index	366	5.670% (1-Month USD-LIBOR plus a specified spread)		Monthly		09/11/2024		7,195		0			(11)				0		(11)
Total Swap Agreements													$	0		$	(243)		$		7	$	(250)
(h)		Securities with an aggregate market value of $615 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2023.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory							Level 1				Level 2			Level 3				Fair Value at 09/30/2023
Investments in Securities, at Value
Mutual Funds							$		181,041		$	0		$	0			$		181,041
Short-Term Instruments
	Repurchase Agreements								0			1,399			0					1,399
	U.S. Treasury Bills								0			815			0					815
							$		181,041		$	2,214		$	0			$		183,255
Investments in Affiliates, at Value
Mutual Funds									222,156			0			0					222,156
Short-Term Instruments
	Central Funds Used for Cash Management Purposes								18,572			0			0					18,572
							$		240,728		$	0		$	0			$		240,728
Total Investments							$		421,769		$	2,214		$	0			$		423,983
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared									0			1,398			0					1,398
Over the counter									0			7			0					7
							$		0		$	1,405		$	0			$		1,405
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared									0			(44)			0					(44)
Over the counter									0			(250)			0					(250)
							$		0		$	(294)		$	0			$		(294)
Total Financial Derivative Instruments							$		0		$	1,111		$	0			$		1,111
Totals							$		421,769		$	3,325		$	0			$		425,094
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO REALPATH® Blend 2030 Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 56.3% ¤
MUTUAL FUNDS 55.8% (d)
Vanguard Developed Markets Index Fund 'Institutional'		6,764,661	$	95,111
Vanguard Emerging Markets Stock Index Fund 'Institutional'		1,822,562		45,400
Vanguard Institutional Index Fund 'Institutional'		400,549		143,357
Vanguard Small-Cap Index Fund 'Institutional'		116,441		10,546
Total Mutual Funds (Cost $269,208)				294,414
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.5%
REPURCHASE AGREEMENTS (e) 0.3%				1,359
U.S. TREASURY BILLS 0.2%
5.424% due 10/19/2023 - 12/28/2023 (a)(b)(c)(f)(i)	$	1,337		1,328
Total Short-Term Instruments (Cost $2,687)				2,687
Total Investments in Securities (Cost $271,895)				297,101
		SHARES
INVESTMENTS IN AFFILIATES 43.7%
MUTUAL FUNDS 39.3% (d)
PIMCO Emerging Markets Local Currency and Bond Fund		2,357,030		13,105
PIMCO High Yield Fund		1,135,855		8,576
PIMCO Income Fund		4,702,538		47,919
PIMCO International Bond Fund (U.S. Dollar-Hedged)		981,368		9,215
PIMCO Long-Term Real Return Fund		3,883,223		45,473
PIMCO Long-Term U.S. Government Fund		2,038,225		27,434
PIMCO Real Return Fund		1,684,842		16,292
PIMCO Total Return Fund		4,827,078		39,437
Total Mutual Funds (Cost $244,319)				207,451
SHORT-TERM INSTRUMENTS 4.4%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.4%
PIMCO Short-Term Floating NAV Portfolio III		2,391,634		23,249
Total Short-Term Instruments (Cost $23,243)				23,249
Total Investments in Affiliates (Cost $267,562)				230,700
Total Investments 100.0% (Cost $539,457)			$	527,801
Financial Derivative Instruments(g)(h)0.3%(Cost or Premiums, net $2,389)				1,407
Other Assets and Liabilities, net 0.0%				(1,497)
Net Assets 100.0%			$	527,711

Schedule of Investments PIMCO REALPATH® Blend 2030 Fund(Cont.) September 30, 2023 (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)	When-issued security.
(b)	Coupon represents a weighted average yield to maturity.
(c)	Zero coupon security.
(d)	Institutional Class Shares of each Fund.
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		2.600%	09/29/2023			10/02/2023		$	1,359		U.S. Treasury Notes 5.000% due 08/31/2025									$			(1,386)					$			1,359			$			1,359
Total Repurchase Agreements																				$			(1,386)					$			1,359			$			1,359
(f)	Securities with an aggregate market value of $207 have been pledged as collateral as of September 30, 2023 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.
(1)	Includes accrued interest.
(g)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
PURCHASED OPTIONS:
OPTIONS ON INDICES
Description										Strike Value		Expiration Date				# of Contracts			Notional Amount							Cost									Market Value
Put - CBOE S&P 500										2,900.000		12/15/2023				16			2						$	133							$		5
Put - CBOE S&P 500										3,150.000		12/15/2023				40			4							479									18
Put - CBOE S&P 500										3,150.000		03/15/2024				91			9							909									147
Put - CBOE S&P 500										3,600.000		06/28/2024				106			11							675									657
Put - CBOE S&P 500										3,575.000		09/20/2024				116			12							693									906
																						$				2,889							$		1,733
Total Purchased Options																						$				2,889							$		1,733
WRITTEN OPTIONS:
OPTIONS ON INDICES
Description										Strike Value		Expiration Date				# of Contracts			Notional Amount							Premiums (Received)									Market Value
Put - CBOE S&P 500										2,500.000		12/15/2023				40			4						$	(182)							$		(6)
Put - CBOE S&P 500										2,400.000		03/15/2024				91			9							(318)									(46)
																						$				(500)							$		(52)
Total Written Options																						$				(500)							$		(52)
(1)	is outstanding at period end.
(h)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON , COMMODITY AND EQUITY INDICES
																															Swap Agreements, at Value
Counterparty		Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date		Notional Amount			Premiums Paid/(Received)									Unrealized Appreciation/ (Depreciation)					Asset						Liability
BPS		Pay		BCOMTR Index			1,519		5.465% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2024	$	369		$	0						$			9			$		9				$		0

Schedule of Investments PIMCO REALPATH® Blend 2030 Fund(Cont.) September 30, 2023 (Unaudited)

GST			Receive	BCOMTR Index	34,861	5.475% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2024		8,467		0			(211)				0		(211)
JPM			Receive	FNRETR Index	118	5.640% (1-Month USD-LIBOR plus a specified spread)		Monthly		10/18/2023		2,320		0			(10)				0		(10)
			Receive	BCOMTR Index	2,269	5.465% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2024		551		0			(14)				0		(14)
MEI			Receive	BCOMTR Index	1,522	5.465% 3-Month U.S. Treasury Bill rate plus a specified spread		Monthly		02/15/2024		369		0			(9)				0		(9)
MYI			Receive	FNRETR Index	254	5.700% (1-Month USD-LIBOR plus a specified spread)		Monthly		04/17/2024		4,993		0			(23)				0		(23)
			Receive	FNRETR Index	502	5.670% (1-Month USD-LIBOR plus a specified spread)		Monthly		09/11/2024		9,869		0			(16)				0		(16)
													$	0		$	(274)		$		9	$	(283)
Total Swap Agreements													$	0		$	(274)		$		9	$	(283)
(i)		Securities with an aggregate market value of $1,121 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2023.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory							Level 1				Level 2			Level 3				Fair Value at 09/30/2023
Investments in Securities, at Value
Mutual Funds							$		294,414		$	0		$	0			$		294,414
Short-Term Instruments
	Repurchase Agreements								0			1,359			0					1,359
	U.S. Treasury Bills								0			1,328			0					1,328
							$		294,414		$	2,687		$	0			$		297,101
Investments in Affiliates, at Value
Mutual Funds									207,451			0			0					207,451
Short-Term Instruments
	Central Funds Used for Cash Management Purposes								23,249			0			0					23,249
							$		230,700		$	0		$	0			$		230,700
Total Investments							$		525,114		$	2,687		$	0			$		527,801
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared									0			1,733			0					1,733
Over the counter									0			9			0					9
							$		0		$	1,742		$	0			$		1,742
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared									0			(52)			0					(52)
Over the counter									0			(283)			0					(283)
							$		0		$	(335)		$	0			$		(335)
Total Financial Derivative Instruments							$		0		$	1,407		$	0			$		1,407
Totals							$		525,114		$	4,094		$	0			$		529,208
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO REALPATH® Blend 2035 Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 66.8% ¤
MUTUAL FUNDS 66.1%
Vanguard Developed Markets Index Fund 'Institutional'		7,821,509	$	109,970
Vanguard Emerging Markets Stock Index Fund 'Institutional'		1,977,733		49,265
Vanguard Institutional Index Fund 'Institutional'		487,912		174,624
Vanguard Small-Cap Index Fund 'Institutional'		162,540		14,721
Total Mutual Funds (Cost $324,784)				348,580
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.7%
REPURCHASE AGREEMENTS (e) 0.5%				2,640
U.S. TREASURY BILLS 0.2%
5.439% due 11/09/2023 - 12/28/2023 (a)(b)(c)(g)	$	1,119		1,109
Total Short-Term Instruments (Cost $3,749)				3,749
Total Investments in Securities (Cost $328,533)				352,329
		SHARES
INVESTMENTS IN AFFILIATES 34.3%
MUTUAL FUNDS (d) 29.0%
PIMCO Emerging Markets Local Currency and Bond Fund		1,860,491		10,344
PIMCO High Yield Fund		748,743		5,653
PIMCO Income Fund		3,471,100		35,371
PIMCO International Bond Fund (U.S. Dollar-Hedged)		735,031		6,902
PIMCO Long-Term Real Return Fund		2,869,867		33,606
PIMCO Long-Term U.S. Government Fund		1,451,642		19,539
PIMCO Real Return Fund		1,151,812		11,138
PIMCO Total Return Fund		3,648,257		29,806
Total Mutual Funds (Cost $176,088)				152,359
SHORT-TERM INSTRUMENTS 5.3%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 5.3%
PIMCO Short-Term Floating NAV Portfolio III		2,859,407		27,797
Total Short-Term Instruments (Cost $27,786)				27,797
Total Investments in Affiliates (Cost $203,874)				180,156
Total Investments 101.1% (Cost $532,407)			$	532,485
Financial Derivative Instruments(f)(0.0)%(Cost or Premiums, net $0)				(254)
Other Assets and Liabilities, net (1.1)%				(5,444)
Net Assets 100.0%			$	526,787

Schedule of Investments PIMCO REALPATH® Blend 2035 Fund(Cont.) September 30, 2023 (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)		When-issued security.
(b)		Coupon represents a weighted average yield to maturity.
(c)		Zero coupon security.
(d)		Institutional Class Shares of each Fund.
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			2.600%	09/29/2023			10/02/2023		$	2,640		U.S. Treasury Notes 5.000% due 08/31/2025								$		(2,693)				$			2,640		$		2,640
Total Repurchase Agreements																				$		(2,693)				$			2,640		$		2,640
(1)		Includes accrued interest.
(f)		FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON COMMODITY AND EQUITY INDICES
																													Swap Agreements, at Value
Counterparty			Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date			Notional Amount		Premiums Paid/(Received)					Unrealized Appreciation/ (Depreciation)						Asset				Liability
GST			Receive		BCOMTR Index			34,205		5.475% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2024		$	8,307	$	0				$	(207)				$		0		$		(207)
JPM			Receive		FNRETR Index			144		5.640% (1-Month USD-LIBOR plus a specified spread)		Monthly		10/18/2023			2,831		0					(13)						0				(13)
MYI			Receive		FNRETR Index			191		5.700% (1-Month USD-LIBOR plus a specified spread)		Monthly		04/17/2024			3,755		0					(17)						0				(17)
			Receive		FNRETR Index			563		5.670% (1-Month USD-LIBOR plus a specified spread)		Monthly		09/11/2024			11,068		0					(17)						0				(17)
Total Swap Agreements																		$	0				$	(254)				$		0		$		(254)
(g)		Securities with an aggregate market value of $1,109 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2023.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory											Level 1				Level 2				Level 3						Fair Value at 09/30/2023
Investments in Securities, at Value
Mutual Funds											$		348,580		$		0		$	0					$				348,580
Short-Term Instruments
	Repurchase Agreements												0				2,640			0									2,640
	U.S. Treasury Bills												0				1,109			0									1,109
											$		348,580		$		3,749		$	0					$				352,329

Schedule of Investments PIMCO REALPATH® Blend 2035 Fund(Cont.) September 30, 2023 (Unaudited)

Investments in Affiliates, at Value
Mutual Funds			152,359		0		0		152,359
Short-Term Instruments
	Central Funds Used for Cash Management Purposes		27,797		0		0		27,797
		$	180,156	$	0	$	0	$	180,156
Total Investments		$	528,736	$	3,749	$	0	$	532,485
Financial Derivative Instruments - Liabilities
Over the counter		$	0	$	(254)	$	0	$	(254)
Total Financial Derivative Instruments		$	0	$	(254)	$	0	$	(254)
Totals		$	528,736	$	3,495	$	0	$	532,231
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO REALPATH® Blend 2040 Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 74.9% ¤
MUTUAL FUNDS 74.5%
Vanguard Developed Markets Index Fund 'Institutional'		5,228,290	$	114,866
Vanguard Emerging Markets Stock Index Fund 'Institutional'		1,867,250		46,513
Vanguard Institutional Index Fund 'Institutional'		495,383		177,298
Vanguard Small-Cap Index Fund 'Institutional'		150,380		13,620
Total Mutual Funds (Cost $325,140)				352,297
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.4%
REPURCHASE AGREEMENTS (e) 0.1%				635
U.S. TREASURY BILLS 0.3%
5.437% due 11/09/2023 - 12/28/2023 (a)(b)(c)(g)	$	1,282		1,271
Total Short-Term Instruments (Cost $1,906)				1,906
Total Investments in Securities (Cost $327,046)				354,203
		SHARES
INVESTMENTS IN AFFILIATES 25.2%
MUTUAL FUNDS (d) 20.0%
PIMCO Emerging Markets Local Currency and Bond Fund		1,357,828		7,550
PIMCO High Yield Fund		301,844		2,279
PIMCO Income Fund		2,323,566		23,677
PIMCO International Bond Fund (U.S. Dollar-Hedged)		511,424		4,802
PIMCO Long-Term Real Return Fund		1,644,298		19,255
PIMCO Long-Term U.S. Government Fund		783,354		10,544
PIMCO Real Return Fund		594,882		5,752
PIMCO Total Return Fund		2,574,414		21,033
Total Mutual Funds (Cost $110,218)				94,892
SHORT-TERM INSTRUMENTS 5.2%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 5.2%
PIMCO Short-Term Floating NAV Portfolio III		2,526,928		24,564
Total Short-Term Instruments (Cost $24,560)				24,564
Total Investments in Affiliates (Cost $134,778)				119,456
Total Investments 100.1% (Cost $461,824)			$	473,659
Financial Derivative Instruments(f)(0.0)%(Cost or Premiums, net $0)				(235)
Other Assets and Liabilities, net (0.1)%				(328)
Net Assets 100.0%			$	473,096

Schedule of Investments PIMCO REALPATH® Blend 2040 Fund(Cont.) September 30, 2023 (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)		When-issued security.
(b)		Coupon represents a weighted average yield to maturity.
(c)		Zero coupon security.
(d)		Institutional Class Shares of each Fund.
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			2.600%	09/29/2023			10/02/2023		$	635		U.S. Treasury Notes 5.000% due 08/31/2025								$		(648)				$			635		$		635
Total Repurchase Agreements																				$		(648)				$			635		$		635
(1)		Includes accrued interest.
(f)		FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON COMMODITY AND EQUITY INDICES
																													Swap Agreements, at Value
Counterparty			Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date			Notional Amount		Premiums Paid/(Received)					Unrealized Appreciation/ (Depreciation)						Asset				Liability
GST			Receive		BCOMTR Index			30,391		5.475% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2024		$	7,381	$	0				$	(184)				$		0		$		(184)
JPM			Receive		FNRETR Index			129		5.640% (1-Month USD-LIBOR plus a specified spread)		Monthly		10/18/2023			2,536		0					(12)						0				(12)
MYI			Receive		FNRETR Index			264		5.700% (1-Month USD-LIBOR plus a specified spread)		Monthly		04/17/2024			5,190		0					(24)						0				(24)
			Receive		FNRETR Index			473		5.670% (1-Month USD-LIBOR plus a specified spread)		Monthly		09/11/2024			9,299		0					(15)						0				(15)
Total Swap Agreements																		$	0				$	(235)				$		0		$		(235)
(g)		Securities with an aggregate market value of $1,271 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2023.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory											Level 1				Level 2				Level 3						Fair Value at 09/30/2023
Investments in Securities, at Value
Mutual Funds											$		352,297		$		0		$	0					$				352,297
Short-Term Instruments
	Repurchase Agreements												0				635			0									635
	U.S. Treasury Bills												0				1,271			0									1,271
											$		352,297		$		1,906		$	0					$				354,203

Schedule of Investments PIMCO REALPATH® Blend 2040 Fund(Cont.) September 30, 2023 (Unaudited)

Investments in Affiliates, at Value
Mutual Funds			94,892		0		0		94,892
Short-Term Instruments
	Central Funds Used for Cash Management Purposes		24,564		0		0		24,564
		$	119,456	$	0	$	0	$	119,456
Total Investments		$	471,753	$	1,906	$	0	$	473,659
Financial Derivative Instruments - Liabilities
Over the counter		$	0	$	(235)	$	0	$	(235)
Total Financial Derivative Instruments		$	0	$	(235)	$	0	$	(235)
Totals		$	471,753	$	1,671	$	0	$	473,424
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO REALPATH® Blend 2045 Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 81.7% ¤
MUTUAL FUNDS 81.2%
Vanguard Developed Markets Index Fund 'Institutional'		5,660,936	$	124,371
Vanguard Emerging Markets Stock Index Fund 'Institutional'		1,816,205		45,241
Vanguard Institutional Index Fund 'Institutional'		512,923		183,575
Vanguard Small-Cap Index Fund 'Institutional'		154,651		14,007
Total Mutual Funds (Cost $341,416)				367,194
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.5%
REPURCHASE AGREEMENTS (e) 0.2%				1,114
U.S. TREASURY BILLS 0.3%
5.424% due 10/19/2023 - 12/28/2023 (a)(b)(c)(g)	$	1,280		1,271
Total Short-Term Instruments (Cost $2,385)				2,385
Total Investments in Securities (Cost $343,801)				369,579
		SHARES
INVESTMENTS IN AFFILIATES 18.5%
MUTUAL FUNDS (d) 12.3%
PIMCO Emerging Markets Local Currency and Bond Fund		883,761		4,914
PIMCO High Yield Fund		18,307		138
PIMCO Income Fund		1,295,592		13,202
PIMCO International Bond Fund (U.S. Dollar-Hedged)		342,522		3,216
PIMCO Long-Term Real Return Fund		785,979		9,204
PIMCO Long-Term U.S. Government Fund		627,806		8,450
PIMCO Real Return Fund		388,020		3,752
PIMCO Total Return Fund		1,598,989		13,064
Total Mutual Funds (Cost $65,337)				55,940
SHORT-TERM INSTRUMENTS 6.2%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 6.2%
PIMCO Short-Term Floating NAV Portfolio III		2,880,571		28,002
Total Short-Term Instruments (Cost $27,993)				28,002
Total Investments in Affiliates (Cost $93,330)				83,942
Total Investments 100.2% (Cost $437,131)			$	453,521
Financial Derivative Instruments(f)(0.0)%(Cost or Premiums, net $0)				(212)
Other Assets and Liabilities, net (0.2)%				(744)
Net Assets 100.0%			$	452,565

Schedule of Investments PIMCO REALPATH® Blend 2045 Fund(Cont.) September 30, 2023 (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)		When-issued security.
(b)		Coupon represents a weighted average yield to maturity.
(c)		Zero coupon security.
(d)		Institutional Class Shares of each Fund.
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			2.600%	09/29/2023			10/02/2023		$	1,114		U.S. Treasury Notes 5.000% due 08/31/2025								$		(1,136)				$			1,114		$		1,114
Total Repurchase Agreements																				$		(1,136)				$			1,114		$		1,114
(1)		Includes accrued interest.
(f)		FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON COMMODITY AND EQUITY INDICES
																													Swap Agreements, at Value
Counterparty			Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date			Notional Amount		Premiums Paid/(Received)					Unrealized Appreciation/ (Depreciation)						Asset				Liability
GST			Receive		BCOMTR Index			26,655		5.475% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2024		$	6,474	$	0				$	(161)				$		0		$		(161)
JPM			Receive		FNRETR Index			143		5.640% (1-Month USD-LIBOR plus a specified spread)		Monthly		10/18/2023			2,811		0					(13)						0				(13)
MYI			Receive		FNRETR Index			254		5.700% (1-Month USD-LIBOR plus a specified spread)		Monthly		04/17/2024			4,993		0					(23)						0				(23)
			Receive		FNRETR Index			472		5.670% (1-Month USD-LIBOR plus a specified spread)		Monthly		09/11/2024			9,279		0					(15)						0				(15)
Total Swap Agreements																		$	0				$	(212)				$		0		$		(212)
(g)		Securities with an aggregate market value of $1,271 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2023.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory											Level 1				Level 2				Level 3						Fair Value at 09/30/2023
Investments in Securities, at Value
Mutual Funds											$		367,194		$		0		$	0					$				367,194
Short-Term Instruments
	Repurchase Agreements												0				1,114			0									1,114
	U.S. Treasury Bills												0				1,271			0									1,271
											$		367,194		$		2,385		$	0					$				369,579

Schedule of Investments PIMCO REALPATH® Blend 2045 Fund(Cont.) September 30, 2023 (Unaudited)

Investments in Affiliates, at Value
Mutual Funds			55,940		0		0		55,940
Short-Term Instruments
	Central Funds Used for Cash Management Purposes		28,002		0		0		28,002
		$	83,942	$	0	$	0	$	83,942
Total Investments		$	451,136	$	2,385	$	0	$	453,521
Financial Derivative Instruments - Liabilities
Over the counter		$	0	$	(212)	$	0	$	(212)
Total Financial Derivative Instruments		$	0	$	(212)	$	0	$	(212)
Totals		$	451,136	$	2,173	$	0	$	453,309
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO REALPATH® Blend 2050 Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 87.3% ¤
MUTUAL FUNDS 87.1%
Vanguard Developed Markets Index Fund 'Institutional'		5,808,347	$	127,610
Vanguard Emerging Markets Stock Index Fund 'Institutional'		1,739,730		43,337
Vanguard Institutional Index Fund 'Institutional'		512,728		183,505
Vanguard Small-Cap Index Fund 'Institutional'		170,567		15,448
Total Mutual Funds (Cost $341,036)				369,900
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.2%
REPURCHASE AGREEMENTS (e) 0.0%				205
U.S. TREASURY BILLS 0.2%
5.406% due 10/19/2023 - 11/16/2023 (a)(b)(c)(g)	$	694		690
Total Short-Term Instruments (Cost $895)				895
Total Investments in Securities (Cost $341,931)				370,795
		SHARES
INVESTMENTS IN AFFILIATES 12.8%
MUTUAL FUNDS (d) 7.9%
PIMCO Emerging Markets Local Currency and Bond Fund		356,632		1,983
PIMCO Income Fund		857,456		8,737
PIMCO International Bond Fund (U.S. Dollar-Hedged)		200,219		1,880
PIMCO Long-Term Real Return Fund		441,836		5,174
PIMCO Long-Term U.S. Government Fund		382,366		5,147
PIMCO Real Return Fund		198,256		1,917
PIMCO Total Return Fund		1,054,354		8,614
Total Mutual Funds (Cost $39,462)				33,452
SHORT-TERM INSTRUMENTS 4.9%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.9%
PIMCO Short-Term Floating NAV Portfolio III		2,132,791		20,733
Total Short-Term Instruments (Cost $20,727)				20,733
Total Investments in Affiliates (Cost $60,189)				54,185
Total Investments 100.1% (Cost $402,120)			$	424,980
Financial Derivative Instruments(f)(0.0)%(Cost or Premiums, net $0)				(181)
Other Assets and Liabilities, net (0.1)%				(345)
Net Assets 100.0%			$	424,454

Schedule of Investments PIMCO REALPATH® Blend 2050 Fund(Cont.) September 30, 2023 (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)		When-issued security.
(b)		Coupon represents a weighted average yield to maturity.
(c)		Zero coupon security.
(d)		Institutional Class Shares of each Fund.
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			2.600%	09/29/2023			10/02/2023		$	205		U.S. Treasury Notes 5.000% due 08/31/2025								$		(209)				$			205		$		205
Total Repurchase Agreements																				$		(209)				$			205		$		205
(1)		Includes accrued interest.
(f)		FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON COMMODITY AND EQUITY INDICES
																													Swap Agreements, at Value
Counterparty			Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date			Notional Amount		Premiums Paid/(Received)					Unrealized Appreciation/ (Depreciation)						Asset				Liability
GST			Receive		BCOMTR Index			22,836		5.475% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2024		$	5,546	$	0				$	(138)				$		0		$		(138)
JPM			Receive		FNRETR Index			170		5.640% (1-Month USD-LIBOR plus a specified spread)		Monthly		10/18/2023			3,342		0					(14)						0				(14)
MYI			Receive		FNRETR Index			166		5.700% (1-Month USD-LIBOR plus a specified spread)		Monthly		04/17/2024			3,264		0					(15)						0				(15)
			Receive		FNRETR Index			428		5.670% (1-Month USD-LIBOR plus a specified spread)		Monthly		09/11/2024			8,414		0					(14)						0				(14)
Total Swap Agreements																		$	0				$	(181)				$		0		$		(181)
(g)		Securities with an aggregate market value of $689 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2023.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory											Level 1				Level 2				Level 3						Fair Value at 09/30/2023
Investments in Securities, at Value
Mutual Funds											$		369,900		$		0		$	0					$				369,900
Short-Term Instruments
	Repurchase Agreements												0				205			0									205
	U.S. Treasury Bills												0				690			0									690
											$		369,900		$		895		$	0					$				370,795

Schedule of Investments PIMCO REALPATH® Blend 2050 Fund(Cont.) September 30, 2023 (Unaudited)

Investments in Affiliates, at Value
Mutual Funds			33,452		0		0		33,452
Short-Term Instruments
	Central Funds Used for Cash Management Purposes		20,733		0		0		20,733
		$	54,185	$	0	$	0	$	54,185
Total Investments		$	424,085	$	895	$	0	$	424,980
Financial Derivative Instruments - Liabilities
Over the counter		$	0	$	(181)	$	0	$	(181)
Total Financial Derivative Instruments		$	0	$	(181)	$	0	$	(181)
Totals		$	424,085	$	714	$	0	$	424,799
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO REALPATH® Blend 2055 Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 89.7% ¤
MUTUAL FUNDS 89.1%
Vanguard Developed Markets Index Fund 'Institutional'		7,002,618	$	98,457
Vanguard Emerging Markets Stock Index Fund 'Institutional'		1,318,825		32,852
Vanguard Institutional Index Fund 'Institutional'		400,663		143,397
Vanguard Small-Cap Index Fund 'Institutional'		143,319		12,980
Total Mutual Funds (Cost $275,130)				287,686
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.6%
REPURCHASE AGREEMENTS (e) 0.4%				1,235
U.S. TREASURY BILLS 0.2%
5.416% due 11/09/2023 - 11/16/2023 (a)(b)(c)(g)	$	745		740
Total Short-Term Instruments (Cost $1,975)				1,975
Total Investments in Securities (Cost $277,105)				289,661
		SHARES
INVESTMENTS IN AFFILIATES 10.4%
MUTUAL FUNDS (d) 5.7%
PIMCO Emerging Markets Local Currency and Bond Fund		175,624		976
PIMCO Income Fund		472,550		4,815
PIMCO International Bond Fund (U.S. Dollar-Hedged)		81,633		767
PIMCO Long-Term Real Return Fund		245,319		2,873
PIMCO Long-Term U.S. Government Fund		199,772		2,689
PIMCO Real Return Fund		126,251		1,221
PIMCO Total Return Fund		597,086		4,878
Total Mutual Funds (Cost $21,310)				18,219
SHORT-TERM INSTRUMENTS 4.7%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.7%
PIMCO Short-Term Floating NAV Portfolio III		1,559,570		15,161
Total Short-Term Instruments (Cost $15,155)				15,161
Total Investments in Affiliates (Cost $36,465)				33,380
Total Investments 100.1% (Cost $313,570)			$	323,041
Financial Derivative Instruments(f)(0.0)%(Cost or Premiums, net $0)				(122)
Other Assets and Liabilities, net (0.1)%				(140)
Net Assets 100.0%			$	322,779

Schedule of Investments PIMCO REALPATH® Blend 2055 Fund(Cont.) September 30, 2023 (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)		When-issued security.
(b)		Coupon represents a weighted average yield to maturity.
(c)		Zero coupon security.
(d)		Institutional Class Shares of each Fund.
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			2.600%	09/29/2023			10/02/2023		$	1,235		U.S. Treasury Notes 5.000% due 08/31/2025								$		(1,260)				$			1,235		$		1,235
Total Repurchase Agreements																				$		(1,260)				$			1,235		$		1,235
(1)		Includes accrued interest.
(f)		FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON COMMODITY AND EQUITY INDICES
																													Swap Agreements, at Value
Counterparty			Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date			Notional Amount		Premiums Paid/(Received)					Unrealized Appreciation/ (Depreciation)						Asset				Liability
GST			Receive		BCOMTR Index			15,233		5.475% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2024		$	3,700	$	0				$	(92)				$		0		$		(92)
JPM			Receive		FNRETR Index			125		5.640% (1-Month USD-LIBOR plus a specified spread)		Monthly		10/18/2023			2,457		0					(9)						0				(9)
MYI			Receive		FNRETR Index			98		5.700% (1-Month USD-LIBOR plus a specified spread)		Monthly		04/17/2024			1,927		0					(9)						0				(9)
			Receive		FNRETR Index			362		5.670% (1-Month USD-LIBOR plus a specified spread)		Monthly		09/11/2024			7,116		0					(12)						0				(12)
Total Swap Agreements																		$	0				$	(122)				$		0		$		(122)
(g)		Securities with an aggregate market value of $517 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2023.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory											Level 1				Level 2				Level 3						Fair Value at 09/30/2023
Investments in Securities, at Value
Mutual Funds											$		287,686		$		0		$	0					$				287,686
Short-Term Instruments
	Repurchase Agreements												0				1,235			0									1,235
	U.S. Treasury Bills												0				740			0									740
											$		287,686		$		1,975		$	0					$				289,661

Schedule of Investments PIMCO REALPATH® Blend 2055 Fund(Cont.) September 30, 2023 (Unaudited)

Investments in Affiliates, at Value
Mutual Funds			18,219		0		0		18,219
Short-Term Instruments
	Central Funds Used for Cash Management Purposes		15,161		0		0		15,161
		$	33,380	$	0	$	0	$	33,380
Total Investments		$	321,066	$	1,975	$	0	$	323,041
Financial Derivative Instruments - Liabilities
Over the counter		$	0	$	(122)	$	0	$	(122)
Total Financial Derivative Instruments		$	0	$	(122)	$	0	$	(122)
Totals		$	321,066	$	1,853	$	0	$	322,919
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO REALPATH® Blend 2060 Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 90.0% ¤
MUTUAL FUNDS 90.0%
Vanguard Developed Markets Index Fund 'Institutional'	2,117,413	$	29,771
Vanguard Emerging Markets Stock Index Fund 'Institutional'	398,754		9,933
Vanguard Institutional Index Fund 'Institutional'	124,029		44,391
Vanguard Small-Cap Index Fund 'Admiral'	45,980		4,164
Total Mutual Funds (Cost $87,438)			88,259
Total Investments in Securities (Cost $87,438)			88,259
INVESTMENTS IN AFFILIATES 8.9%
MUTUAL FUNDS (a) 4.5%
PIMCO Emerging Markets Local Currency and Bond Fund	44,340		247
PIMCO Income Fund	103,295		1,053
PIMCO International Bond Fund (U.S. Dollar-Hedged)	16,006		150
PIMCO Long-Term Real Return Fund	60,681		711
PIMCO Long-Term U.S. Government Fund	51,257		690
PIMCO Real Return Fund	50,184		485
PIMCO Total Return Fund	127,209		1,039
Total Mutual Funds (Cost $4,821)			4,375
SHORT-TERM INSTRUMENTS 4.4%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.4%
PIMCO Short-Term Floating NAV Portfolio III	437,984		4,257
Total Short-Term Instruments (Cost $4,258)			4,257
Total Investments in Affiliates (Cost $9,079)			8,632
Total Investments 98.9% (Cost $96,517)		$	96,891
Financial Derivative Instruments(b)(0.0)%(Cost or Premiums, net $0)			(34)
Other Assets and Liabilities, net 1.1%			1,153
Net Assets 100.0%		$	98,010

Schedule of Investments PIMCO REALPATH® Blend 2060 Fund(Cont.) September 30, 2023 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:
* A zero balance may reflect actual amounts rounding to less than one thousand.
¤		The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.
(a)		Institutional Class Shares of each Fund.
(b)		FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON COMMODITY AND EQUITY INDICES
																						Swap Agreements, at Value
Counterparty			Pay/Receive(1)		Underlying Reference	# of Units	Financing Rate		Payment Frequency		Maturity Date			Notional Amount		Premiums Paid/(Received)			Unrealized Appreciation/ (Depreciation)				Asset		Liability
GST			Receive	BCOMTR Index		4,091	5.475% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2024		$	994	$	0		$	(25)		$		0	$	(25)
JPM			Receive	FNRETR Index		61	5.640% (1-Month USD-LIBOR plus a specified spread)		Monthly		10/18/2023			1,199		0			(4)				0		(4)
MYI			Receive	FNRETR Index		19	5.700% (1-Month USD-LIBOR plus a specified spread)		Monthly		04/17/2024			373		0			(2)				0		(2)
			Receive	FNRETR Index		94	5.670% (1-Month USD-LIBOR plus a specified spread)		Monthly		09/11/2024			1,848		0			(3)				0		(3)
Total Swap Agreements															$	0		$	(34)		$		0	$	(34)
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1				Level 2				Level 3				Fair Value at 09/30/2023
Investments in Securities, at Value
Mutual Funds								$		88,259		$		0		$	0			$		88,259
								$		88,259		$		0		$	0			$		88,259
Investments in Affiliates, at Value
Mutual Funds										4,375				0			0					4,375
Short-Term Instruments
	Central Funds Used for Cash Management Purposes									4,257				0			0					4,257
								$		8,632		$		0		$	0			$		8,632
Total Investments								$		96,891		$		0		$	0			$		96,891
Financial Derivative Instruments - Liabilities
Over the counter								$		0		$		(34)		$	0			$		(34)
Total Financial Derivative Instruments								$		0		$		(34)		$	0			$		(34)
Totals								$		96,891		$		(34)		$	0			$		96,857
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO REALPATH® Blend 2065 Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
	SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 90.1% ¤
MUTUAL FUNDS 90.1%
Vanguard Developed Markets Index Fund 'Admiral'	148,845	$	2,090
Vanguard Emerging Markets Stock Index Fund 'Admiral'	21,284		697
Vanguard Institutional Index Fund 'Institutional'	8,786		3,145
Vanguard Small-Cap Index Fund 'Admiral'	3,339		302
Total Mutual Funds (Cost $6,139)			6,234
Total Investments in Securities (Cost $6,139)			6,234
INVESTMENTS IN AFFILIATES 8.3%
MUTUAL FUNDS (a) 3.8%
PIMCO Emerging Markets Local Currency and Bond Fund	3,144		18
PIMCO Income Fund	5,572		57
PIMCO International Bond Fund (U.S. Dollar-Hedged)	737		7
PIMCO Long-Term Real Return Fund	4,177		49
PIMCO Long-Term U.S. Government Fund	3,481		47
PIMCO Real Return Fund	3,254		31
PIMCO Total Return Fund	6,863		56
Total Mutual Funds (Cost $280)			265
SHORT-TERM INSTRUMENTS 4.5%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.5%
PIMCO Short-Term Floating NAV Portfolio III	32,340		314
Total Short-Term Instruments (Cost $314)			314
Total Investments in Affiliates (Cost $594)			579
Total Investments 98.4% (Cost $6,733)		$	6,813
Financial Derivative Instruments(b)(0.0)%(Cost or Premiums, net $0)			(3)
Other Assets and Liabilities, net 1.6%			115
Net Assets 100.0%		$	6,925

Schedule of Investments PIMCO REALPATH® Blend 2065 Fund(Cont.) September 30, 2023 (Unaudited)

NOTES TO SCHEDULE OF INVESTMENTS:
* A zero balance may reflect actual amounts rounding to less than one thousand.
¤		The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.
(a)		Institutional Class Shares of each Fund.
(b)		FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON COMMODITY AND EQUITY INDICES
																						Swap Agreements, at Value
Counterparty			Pay/Receive(1)		Underlying Reference	# of Units	Financing Rate		Payment Frequency		Maturity Date			Notional Amount		Premiums Paid/(Received)			Unrealized Appreciation/ (Depreciation)				Asset		Liability
GST			Receive	BCOMTR Index		278	5.475% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2024		$	68	$	0		$	(2)		$		0	$	(2)
JPM			Receive	FNRETR Index		12	5.640% (1-Month USD-LIBOR plus a specified spread)		Monthly		10/18/2023			236		0			(1)				0		(1)
			Receive	BCOMTR Index		14	5.465% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2024			3		0			0				0		0
Total Swap Agreements															$	0		$	(3)		$		0	$	(3)
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory								Level 1				Level 2				Level 3				Fair Value at 09/30/2023
Investments in Securities, at Value
Mutual Funds								$		6,234		$		0		$	0			$		6,234
								$		6,234		$		0		$	0			$		6,234
Investments in Affiliates, at Value
Mutual Funds										265				0			0					265
Short-Term Instruments
	Central Funds Used for Cash Management Purposes									314				0			0					314
								$		579		$		0		$	0			$		579
Total Investments								$		6,813		$		0		$	0			$		6,813
Financial Derivative Instruments - Liabilities
Over the counter								$		0		$		(3)		$	0			$		(3)
Total Financial Derivative Instruments								$		0		$		(3)		$	0			$		(3)
Totals								$		6,813		$		(3)		$	0			$		6,810
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

Schedule of Investments PIMCO REALPATH® Blend Income Fund September 30, 2023 (Unaudited)

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)
		SHARES		MARKET VALUE (000s)
INVESTMENTS IN SECURITIES 37.4% ¤
MUTUAL FUNDS 37.0%
Vanguard Developed Markets Index Fund 'Institutional'		3,400,071	$	47,805
Vanguard Emerging Markets Stock Index Fund 'Institutional'		807,229		20,108
Vanguard Institutional Index Fund 'Institutional'		137,477		49,204
Vanguard Small-Cap Index Fund 'Admiral'		28,824		2,611
Total Mutual Funds (Cost $104,981)				119,728
		PRINCIPAL AMOUNT (000s)
SHORT-TERM INSTRUMENTS 0.4%
REPURCHASE AGREEMENTS (e) 0.2%				528
U.S. TREASURY BILLS 0.2%
5.420% due 11/16/2023 - 11/30/2023 (a)(b)(c)(f)(i)	$	708		703
Total Short-Term Instruments (Cost $1,230)				1,231
Total Investments in Securities (Cost $106,211)				120,959
		SHARES
INVESTMENTS IN AFFILIATES 62.3%
MUTUAL FUNDS (d) 58.2%
PIMCO Emerging Markets Local Currency and Bond Fund		1,929,421		10,728
PIMCO High Yield Fund		972,562		7,343
PIMCO Income Fund		5,027,712		51,232
PIMCO International Bond Fund (U.S. Dollar-Hedged)		1,041,032		9,775
PIMCO Long-Term Real Return Fund		2,869,664		33,604
PIMCO Long-Term U.S. Government Fund		1,243,673		16,740
PIMCO Real Return Fund		1,535,099		14,844
PIMCO Total Return Fund		5,356,454		43,762
Total Mutual Funds (Cost $223,081)				188,028
SHORT-TERM INSTRUMENTS 4.1%
CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.1%
PIMCO Short-Term Floating NAV Portfolio III		1,370,760		13,325
Total Short-Term Instruments (Cost $13,325)				13,325
Total Investments in Affiliates (Cost $236,406)				201,353
Total Investments 99.7% (Cost $342,617)			$	322,312
Financial Derivative Instruments(g)(h)0.3%(Cost or Premiums, net $1,559)				857
Other Assets and Liabilities, net 0.0%				65
Net Assets 100.0%			$	323,234

Schedule of Investments PIMCO REALPATH® Blend Income Fund(Cont.) September 30, 2023 (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)	When-issued security.
(b)	Coupon represents a weighted average yield to maturity.
(c)	Zero coupon security.
(d)	Institutional Class Shares of each Fund.
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		2.600%	09/29/2023			10/02/2023		$	528		U.S. Treasury Notes 5.000% due 08/31/2025										$			(539)					$			528			$			528
Total Repurchase Agreements																					$			(539)					$			528			$			528
(f)	Securities with an aggregate market value of $116 have been pledged as collateral as of September 30, 2023 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.
(1)	Includes accrued interest.
(g)	FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED
PURCHASED OPTIONS:
OPTIONS ON INDICES
Description										Strike Value		Expiration Date				# of Contracts				Notional Amount							Cost									Market Value
Put - CBOE S&P 500										2,900.000		12/15/2023				11		$		1						$	91							$		3
Put - CBOE S&P 500										3,150.000		12/15/2023				28				3							335									13
Put - CBOE S&P 500										3,150.000		03/15/2024				63				6							630									102
Put - CBOE S&P 500										3,600.000		06/28/2024				67				7							427									416
Put - CBOE S&P 500										3,575.000		09/20/2024				71				7							424									554
Total Purchased Options																							$				1,907							$		1,088
WRITTEN OPTIONS:
OPTIONS ON INDICES
Description										Strike Value		Expiration Date				# of Contracts				Notional Amount							Premiums (Received)									Market Value
Put - CBOE S&P 500										2,500.000		12/15/2023				28		$		3						$	(127)							$		(4)
Put - CBOE S&P 500										2,400.000		03/15/2024				63				6							(221)									(32)
Total Written Options																							$				(348)							$		(36)
(h)	FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER
SWAP AGREEMENTS:
TOTAL RETURN SWAPS ON COMMODITY AND EQUITY INDICES
																																Swap Agreements, at Value
Counterparty		Pay/Receive(1)			Underlying Reference		# of Units		Financing Rate		Payment Frequency		Maturity Date		Notional Amount				Premiums Paid/(Received)									Unrealized Appreciation/ (Depreciation)					Asset						Liability
BPS		Pay		BCOMTR Index			1,115		5.465% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2024	$	271		$		0						$			7			$		7				$		0
GST		Receive		BCOMTR Index			28,160		5.475% (3-Month U.S. Treasury Bill rate plus a specified spread)		Monthly		02/15/2024		6,839				0									(170)					0						(170)

Schedule of Investments PIMCO REALPATH® Blend Income Fund(Cont.) September 30, 2023 (Unaudited)

JPM			Receive	FNRETR Index	96	5.640% (1-Month USD-LIBOR plus a specified spread)		Monthly		10/18/2023		1,887		0			(9)				0		(9)
MYI			Receive	FNRETR Index	166	5.700% (1-Month USD-LIBOR plus a specified spread)		Monthly		04/17/2024		3,264		0			(15)				0		(15)
			Receive	FNRETR Index	258	5.670% (1-Month USD-LIBOR plus a specified spread)		Monthly		09/11/2024		5,072		0			(8)				0		(8)
Total Swap Agreements													$	0		$	(195)		$		7	$	(202)
(i)		Securities with an aggregate market value of $586 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2023.
(1)		Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference.
FAIR VALUE MEASUREMENTS
The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund's assets and liabilities:
Category and Subcategory							Level 1				Level 2			Level 3				Fair Value at 09/30/2023
Investments in Securities, at Value
Mutual Funds							$		119,728		$	0		$	0			$		119,728
Short-Term Instruments
	Repurchase Agreements								0			528			0					528
	U.S. Treasury Bills								0			703			0					703
							$		119,728		$	1,231		$	0			$		120,959
Investments in Affiliates, at Value
Mutual Funds									188,028			0			0					188,028
Short-Term Instruments
	Central Funds Used for Cash Management Purposes								13,325			0			0					13,325
							$		201,353		$	0		$	0			$		201,353
Total Investments							$		321,081		$	1,231		$	0			$		322,312
Financial Derivative Instruments - Assets
Exchange-traded or centrally cleared									0			1,088			0					1,088
Over the counter									0			7			0					7
							$		0		$	1,095		$	0			$		1,095
Financial Derivative Instruments - Liabilities
Exchange-traded or centrally cleared									0			(36)			0					(36)
Over the counter									0			(202)			0					(202)
							$		0		$	(238)		$	0			$		(238)
Total Financial Derivative Instruments							$		0		$	857		$	0			$		857
Totals							$		321,081		$	2,088		$	0			$		323,169
There were no significant transfers into or out of Level 3 during the period ended September 30, 2023.

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, or each of their respective share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the Fund or class, less any liabilities, as applicable, by the total number of shares outstanding.

On each day that the New York Stock Exchange (“NYSE”) is open, the Funds’ 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 may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. Each Fund generally does not calculate its NAV on days on which the NYSE is not open for business. If the NYSE is closed on a day it would normally be open for business, each Fund may calculate its NAV as of the NYSE Close for such day or such other time that a Fund may determine.

For purposes of calculating NAV, portfolio securities and other assets for which market quotations are readily available are valued at market value. A market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that a Fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable. Market value is generally determined on the basis of official closing prices or the last reported sales prices. The Funds will normally use pricing data for domestic equity securities received shortly after the NYSE Close and do not normally take into account trading, clearances or settlements that take place after the NYSE Close. 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. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close, if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the “Act”). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee (“Valuation Designee”) for each Fund to perform the fair value determination relating to all Fund investments. PIMCO may carry out its designated responsibilities as Valuation Designee through various teams and committees. The Valuation Designee’s policies and procedures govern the Valuation Designee’s selection and application of methodologies for determining and calculating the fair value of Fund investments. The Valuation Designee may value Fund portfolio securities for which market quotations are not readily available and other Fund assets utilizing inputs from pricing services, quotation reporting systems, valuation agents and other third-party sources (together, “Pricing Sources”).

Domestic and foreign (non-U.S.) fixed income securities, non-exchange traded derivatives, and equity options are normally valued on the basis of quotes obtained from brokers and dealers or Pricing Sources using data reflecting the earlier closing of the principal markets for those securities. Prices obtained from Pricing Sources may be based on, among other things, information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Certain fixed income securities purchased on a delayed-delivery basis are marked to market daily until settlement at the forward settlement date. Exchange-traded options, except equity options, futures and options on futures are valued at the settlement price determined by the relevant exchange. Swap agreements are valued on the basis of bid quotes obtained from brokers and dealers or market-based prices supplied by Pricing Sources. With respect to any portion of a Fund’s assets that are invested in one or more open-end management investment companies (other than ETFs), a Fund’s NAV will be calculated based on the NAVs of such investments. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security’s value has materially changed after the close of the security’s primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, a Fund may determine the fair value of investments based on information provided by Pricing Sources, which may recommend fair value or adjustments with reference to other securities, indexes or assets. In considering whether fair valuation is required and in determining fair values, the Valuation Designee may, among other things, consider significant events (which may be considered to include changes in the value of U.S. securities or securities indexes) that occur after the close of the relevant market and before the NYSE Close. A Fund may utilize modeling tools provided by third-party vendors to determine fair values of foreign (non-U.S.) securities. For these purposes, unless otherwise determined by the Valuation Designee, any movement in the applicable reference index or instrument (“zero trigger”) between the earlier close of the applicable foreign market and the NYSE Close may be deemed to be a significant event, prompting the application of the pricing model (effectively resulting in daily fair valuations). Foreign exchanges may permit trading in foreign (non-U.S.) equity securities on days when a Fund 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.

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

Fair valuation may require subjective determinations about the value of a security. While the Trust’s and Valuation Designee's policies and procedures are intended to result in a calculation of a Fund's NAV that fairly reflects security values as of the time of pricing, the Trust cannot ensure that fair values accurately reflect the price that a Fund could obtain for a security if it were to dispose of that security as of the time of pricing (for instance, in a forced or distressed sale). The prices used by a Fund may differ from the value that would be realized if the securities were sold. The Funds' use of fair valuation may also help to deter “stale price arbitrage” as discussed under the "Frequent or Excessive Purchases, Exchanges and Redemptions” section in each Fund's prospectus.

Under certain circumstances, the per share NAV of a class of each Fund’s shares may be different from the per share NAV of another class of shares as a result of the different daily expense accruals applicable to each class of shares.

(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:

Notes to Financial Statements (Cont.)

• Level 1 — Quoted prices (unadjusted) in active markets or exchanges for identical assets and liabilities.

• Level 2 — Significant other observable inputs, which may include, but are not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market corroborated inputs.

• Level 3 — Significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include assumptions made by the Valuation Designee that are used in determining the fair value of investments.

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for each respective Fund.

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:

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.

Investments in registered open-end investment companies (other than ETFs) will be valued based upon the NAVs of such investments and are categorized as Level 1 of the fair value hierarchy. Investments in unregistered open-end investment companies will be calculated based upon the NAVs of such investments and are considered Level 1 provided that the NAVs are observable, calculated daily and are the value at which both purchases and sales will be conducted.

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, non-U.S. bonds, and short-term debt instruments (such as commercial paper, time deposits, and certificates of deposit) are normally valued on the basis of quotes obtained from brokers and dealers or Pricing Sources that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The Pricing Sources' 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 Sources 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 Sources 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 Sources. Financial derivatives using these valuation adjustments are categorized as Level 2 of the fair value hierarchy.

Equity-linked securities are valued by referencing the last reported sale or settlement price of the linked referenced equity on the day of valuation. Foreign exchange adjustments are applied to the last reported price to convert the linked equity’s trading currency to the contract’s settling currency. These investments are categorized as Level 2 of the fair value hierarchy.

Investments in registered open-end investment companies (other than ETFs) will be valued based upon the NAVs of such investments and are categorized as Level 1 of the fair value hierarchy. Investments in unregistered open-end investment companies will be calculated based upon the NAVs of such investments and are considered Level 1 provided that the NAVs are observable, calculated daily and are the value at which both purchases and sales will be conducted.

Notes to Financial Statements (Cont.)

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, indexes, 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 Sources (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 Sources using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as quoted prices, issuer details, indexes, 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, indexes, 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 Sources (normally determined as of the NYSE Close). Centrally cleared swaps and over the counter swaps can be valued by Pricing Sources using a series of techniques, including simulation pricing models. The pricing models may use inputs that are observed from actively quoted markets such as the overnight index swap rate, LIBOR forward rate, interest rates, yield curves and credit spreads. These securities are categorized as Level 2 of the fair value hierarchy.

Short-term debt instruments (such as commercial paper, time deposits, and certificates of deposit) 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.

When a fair valuation method is applied by PIMCO that uses significant unobservable inputs, investments will be priced by a method that the Valuation Designee believes reflects fair value and are categorized as Level 3 of the fair value hierarchy.

2. FEDERAL INCOME TAX MATTERS

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

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

In accordance with U.S. GAAP, the Adviser has reviewed the Funds' tax positions for all open tax years. As of September 30, 2023, the Funds have recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in future tax returns.

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

3. INVESTMENTS IN AFFILIATES

Each Fund eligible to participate in securities lending may invest the cash collateral received for securities out on loan in the PIMCO Government Money Market Fund under the Securities Lending Agreement. PIMCO Government Money Market Fund is considered to be affiliated with the Funds. A copy of each affiliate fund’s shareholder report is available at the U.S. Securities and Exchange Commission ("SEC") website at www.sec.gov, on the Funds’ website at http://www.pimco.com, or upon request, as applicable. The table below shows the Funds’ transactions in and earnings from investments in the affiliated Fund for the period ended September 30, 2023 (amounts in thousands†):

Investments in PIMCO Government Money Market Fund

Fund Name		Market Value 06/30/2023		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2023		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO RAE Emerging Markets Fund	$	26,933	$	105,651	$	(82,875)	$	0	$	0	$	49,709	$	310	$	0
PIMCO RAE International Fund		27,723		24,685		(49,087)		0		0		3,321		63		0
PIMCO RAE US Fund		0		7,918		(7,918)		0		0		0		4		0
PIMCO RAE US Small Fund		9,797		9,088		(16,121)		0		0		2,764		104		0
PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF		8		0		(1)		0		0		7		0		0

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

(1) The tax characterization of distributions is determined in accordance with Federal income tax regulations and may contain a return of capital. The actual tax characterization of distributions received is determined at the end of the fiscal year of the affiliated fund.

The PIMCO RAE Global and PIMCO RAE Global ex-US Funds may invest in Institutional Class shares of the Underlying PIMCO Funds and may also invest in other affiliated funds, and unaffiliated funds, which may or may not be registered under the Act (together with the Underlying Funds, “Acquired Funds”). The Underlying Funds are considered to be affiliated with the PIMCO RAE Global and PIMCO RAE Global ex-US Funds. The tables below show the transactions in and earnings from investments in the Underlying Funds for the period ended September 30, 2023(amounts in thousands†):

PIMCO RAE Global ex-US Fund

Notes to Financial Statements (Cont.)

Underlying PIMCO Funds		Market Value 06/30/2023		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2023		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO RAE Emerging Markets Fund	$	21,334	$	309	$	(1,191)	$	(14)	$	464	$	20,902	$	0	$	0
PIMCO RAE International Fund		70,733		298		(4,127)		(897)		295		66,302		0		0
Totals	$	92,067	$	607	$	(5,318)	$	(911)	$	759	$	87,204	$	0	$	0

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

(1) The tax characterization of distributions is determined in accordance with Federal income tax regulations and may contain a return of capital. The actual tax characterization of distributions received is determined at the end of the fiscal year of the affiliated fund, unless otherwise advise on IRS Form 1099-DIV.

The PIMCO REALPATH® Blend Funds seek to achieve its investment objective by investing under normal circumstances substantially all of its assets in Institutional Class or Class M shares of any funds of the Trust and PIMCO Funds, and in other affiliated funds, including funds of PIMCO ETF Trust, except funds of funds (“Underlying PIMCO Funds”), and unaffiliated funds that are registered under the Act (collectively, “Acquired Funds”). The Underlying PIMCO Funds are considered to be affiliated with the Funds. Each Fund may invest in the PIMCO Short Asset Portfolio and the PIMCO Short-Term Floating NAV Portfolio III (“Central Funds”) to the extent permitted by the Act and rules thereunder. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Funds. The tables below show the Funds' transactions in and earnings from investments in Underlying PIMCO Funds or Central Funds for the period ended September 30, 2023(amounts in thousands†):

PIMCO REALPATH® Blend 2025 Fund

Underlying PIMCO Funds		Market Value 06/30/2023		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2023		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	13,201	$	542	$	0	$	0	$	(682)	$	13,061	$	177	$	0
PIMCO High Yield Fund		9,008		361		(239)		(2)		(141)		8,987		133		0
PIMCO Income Fund		58,993		2,466		(2,539)		(91)		(1,189)		57,640		952		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		11,162		353		(424)		(5)		(114)		10,972		94		0
PIMCO Long-Term Real Return Fund		44,631		4,019		0		0		(5,952)		42,698		516		0
PIMCO Long-Term U.S. Government Fund		23,399		2,295		0		0		(3,020)		22,674		185		0
PIMCO Real Return Fund		17,956		716		(678)		(34)		(540)		17,420		151		0
PIMCO Short-Term Floating NAV Portfolio III		25,404		7,372		(14,200)		0		(4)		18,572		272		0
PIMCO Total Return Fund		49,927		2,265		(1,552)		(84)		(1,852)		48,704		510		0
Totals	$	253,681	$	20,389	$	(19,632)	$	(216)	$	(13,494)	$	240,728	$	2,990	$	0

PIMCO REALPATH® Blend 2030 Fund

Underlying PIMCO Funds		Market Value 06/30/2023		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2023		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	13,083	$	708	$	0	$	0	$	(686)	$	13,105	$	177	$	0
PIMCO High Yield Fund		8,581		445		(313)		(3)		(134)		8,576		127		0
PIMCO Income Fund		49,107		2,629		(2,745)		(93)		(979)		47,919		797		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		9,148		496		(331)		(4)		(94)		9,215		77		0
PIMCO Long-Term Real Return Fund		47,594		4,250		0		0		(6,371)		45,473		553		0
PIMCO Long-Term U.S. Government Fund		28,348		2,780		0		0		(3,694)		27,434		227		0
PIMCO Real Return Fund		16,816		867		(850)		(48)		(493)		16,292		142		0
PIMCO Short-Term Floating NAV Portfolio III		27,819		16,935		(21,500)		0		(5)		23,249		335		0

Notes to Financial Statements (Cont.)

PIMCO Total Return Fund		40,483		2,309		(1,778)		(96)		(1,481)		39,437		415		0
Totals	$	240,979	$	31,419	$	(27,517)	$	(244)	$	(13,937)	$	230,700	$	2,850	$	0

PIMCO REALPATH® Blend 2035 Fund

Underlying PIMCO Funds		Market Value 06/30/2023		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2023		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	10,051	$	819	$	0	$	0	$	(526)	$	10,344	$	136	$	0
PIMCO High Yield Fund		5,660		83		0		0		(90)		5,653		82		0
PIMCO Income Fund		35,294		1,889		(1,029)		(38)		(745)		35,371		575		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		6,615		361		0		0		(74)		6,902		56		0
PIMCO Long-Term Real Return Fund		34,247		3,973		0		0		(4,614)		33,606		399		0
PIMCO Long-Term U.S. Government Fund		19,659		2,438		0		0		(2,558)		19,539		157		0
PIMCO Real Return Fund		11,192		577		(267)		(15)		(349)		11,138		94		0
PIMCO Short-Term Floating NAV Portfolio III		23,529		16,673		(12,400)		0		(5)		27,797		373		0
PIMCO Total Return Fund		29,600		1,688		(313)		(15)		(1,154)		29,806		305		0
Totals	$	175,847	$	28,501	$	(14,009)	$	(68)	$	(10,115)	$	180,156	$	2,177	$	0

PIMCO REALPATH® Blend 2040 Fund

Underlying PIMCO Funds		Market Value 06/30/2023		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2023		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	7,526	$	414	$	0	$	0	$	(390)	$	7,550	$	101	$	0
PIMCO High Yield Fund		2,282		33		0		0		(36)		2,279		33		0
PIMCO Income Fund		23,058		1,130		0		0		(511)		23,677		373		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		4,814		39		0		0		(51)		4,802		40		0
PIMCO Long-Term Real Return Fund		20,258		1,707		0		0		(2,710)		19,255		235		0
PIMCO Long-Term U.S. Government Fund		11,243		742		0		0		(1,441)		10,544		89		0
PIMCO Real Return Fund		5,889		48		0		0		(185)		5,752		48		0
PIMCO Short-Term Floating NAV Portfolio III		21,641		20,430		(17,500)		(1)		(6)		24,564		330		0
PIMCO Total Return Fund		20,749		1,099		0		0		(815)		21,033		212		0
Totals	$	117,460	$	25,642	$	(17,500)	$	(1)	$	(6,145)	$	119,456	$	1,461	$	0

PIMCO REALPATH® Blend 2045 Fund

Underlying PIMCO Funds		Market Value 06/30/2023		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2023		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	4,793	$	373	$	0	$	0	$	(252)	$	4,914	$	64	$	0
PIMCO High Yield Fund		138		2		0		0		(2)		138		2		0
PIMCO Income Fund		12,496		994		0		0		(288)		13,202		210		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		2,969		281		0		0		(34)		3,216		25		0
PIMCO Long-Term Real Return Fund		8,937		1,547		0		0		(1,280)		9,204		109		0
PIMCO Long-Term U.S. Government Fund		8,398		1,191		0		0		(1,139)		8,450		69		0
PIMCO Real Return Fund		3,539		333		0		0		(120)		3,752		32		0
PIMCO Short-Term Floating NAV Portfolio III		24,160		17,649		(13,800)		(1)		(6)		28,002		348		0

Notes to Financial Statements (Cont.)

PIMCO Total Return Fund		12,085		1,487		0		0		(508)		13,064		131		0
Totals	$	77,515	$	23,857	$	(13,800)	$	(1)	$	(3,629)	$	83,942	$	990	$	0

PIMCO REALPATH® Blend 2050 Fund

Underlying PIMCO Funds		Market Value 06/30/2023		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2023		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	1,826	$	249	$	0	$	0	$	(92)	$	1,983	$	24	$	0
PIMCO Income Fund		8,031		1,121		(236)		(6)		(173)		8,737		136		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		1,615		282		0		0		(17)		1,880		14		0
PIMCO Long-Term Real Return Fund		5,232		656		0		0		(714)		5,174		63		0
PIMCO Long-Term U.S. Government Fund		5,123		704		0		0		(680)		5,147		42		0
PIMCO Real Return Fund		1,674		298		0		0		(55)		1,917		15		0
PIMCO Short-Term Floating NAV Portfolio III		18,149		23,392		(20,800)		1		(9)		20,733		291		0
PIMCO Total Return Fund		7,924		1,013		0		0		(323)		8,614		86		0
Totals	$	49,574	$	27,715	$	(21,036)	$	(5)	$	(2,063)	$	54,185	$	671	$	0

PIMCO REALPATH® Blend 2055 Fund

Underlying PIMCO Funds		Market Value 06/30/2023		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2023		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	827	$	190	$	0	$	0	$	(41)	$	976	$	11	$	0
PIMCO Income Fund		4,342		574		0		0		(101)		4,815		75		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		597		177		0		0		(7)		767		5		0
PIMCO Long-Term Real Return Fund		2,661		595		0		0		(383)		2,873		33		0
PIMCO Long-Term U.S. Government Fund		2,423		614		0		0		(348)		2,689		21		0
PIMCO Real Return Fund		1,062		198		0		0		(39)		1,221		10		0
PIMCO Short-Term Floating NAV Portfolio III		15,042		25,623		(25,500)		1		(5)		15,161		222		0
PIMCO Total Return Fund		4,185		875		0		0		(182)		4,878		47		0
Totals	$	31,139	$	28,846	$	(25,500)	$	1	$	(1,106)	$	33,380	$	424	$	0

PIMCO REALPATH® Blend 2060 Fund

Underlying PIMCO Funds		Market Value 06/30/2023		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2023		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	256	$	4	$	0	$	0	$	(13)	$	247	$	3	$	0
PIMCO Income Fund		840		233		0		0		(20)		1,053		15		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		98		53		0		0		(1)		150		1		0
PIMCO Long-Term Real Return Fund		597		198		0		0		(84)		711		8		0
PIMCO Long-Term U.S. Government Fund		583		188		0		0		(81)		690		5		0
PIMCO Real Return Fund		359		139		0		0		(13)		485		4		0
PIMCO Short-Term Floating NAV Portfolio III		3,600		12,660		(12,000)		(3)		0		4,257		60		0

Notes to Financial Statements (Cont.)

PIMCO Total Return Fund		829		245		0		0		(35)		1,039		9		0
Totals	$	7,162	$	13,720	$	(12,000)	$	(3)	$	(247)	$	8,632	$	105	$	0

PIMCO REALPATH® Blend 2065 Fund

Underlying PIMCO Funds		Market Value 06/30/2023		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2023		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	15	$	4	$	0	$	0	$	(1)	$	18	$	0	$	0
PIMCO Income Fund		41		17		0		0		(1)		57		1		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		4		3		0		0		0		7		0		0
PIMCO Long-Term Real Return Fund		38		17		0		0		(6)		49		1		0
PIMCO Long-Term U.S. Government Fund		34		19		0		0		(6)		47		0		0
PIMCO Real Return Fund		22		10		0		0		(1)		31		0		0
PIMCO Short-Term Floating NAV Portfolio III		102		702		(490)		0		0		314		3		0
PIMCO Total Return Fund		41		17		0		0		(2)		56		0		0
Totals	$	297	$	789	$	(490)	$	0	$	(17)	$	579	$	5	$	0

PIMCO REALPATH® Blend Income Fund

Underlying PIMCO Funds		Market Value 06/30/2023		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2023		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Emerging Markets Local Currency and Bond Fund	$	11,357	$	149	$	(215)	$	(6)	$	(557)	$	10,728	$	148	$	0
PIMCO High Yield Fund		7,742		314		(591)		(11)		(111)		7,343		114		0
PIMCO Income Fund		54,265		1,989		(3,878)		(120)		(1,024)		51,232		865		0
PIMCO International Bond Fund (U.S. Dollar-Hedged)		10,130		549		(797)		(11)		(96)		9,775		85		0
PIMCO Long-Term Real Return Fund		36,356		2,752		(729)		(116)		(4,659)		33,604		418		0
PIMCO Long-Term U.S. Government Fund		17,877		1,578		(440)		(56)		(2,219)		16,740		140		0
PIMCO Real Return Fund		15,838		550		(1,049)		(44)		(451)		14,844		132		0
PIMCO Short-Term Floating NAV Portfolio III		17,024		17,305		(21,000)		3		(7)		13,325		205		0
PIMCO Total Return Fund		46,431		1,866		(2,776)		(127)		(1,632)		43,762		468		0
Totals	$	217,020	$	27,052	$	(31,475)	$	(488)	$	(10,756)	$	201,353	$	2,575	$	0

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

(1) The tax characterization of distributions is determined in accordance with Federal income tax regulations and may contain a return of capital. The actual tax characterization of distributions received is determined at the end of the fiscal year of the affiliated fund, unless otherwise advise on IRS Form 1099-DIV.

The PIMCO Dividend and Income Fund may invest in the PIMCO Short Asset Portfolio and the PIMCO Short-Term Floating NAV Portfolio III ("Central Funds") to the extent permitted by the Act and rules thereunder. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Fund. The table below shows the Fund's transactions in and earnings from investments in the affiliated Funds for the period ended September 30, 2023 (amounts in thousands†):

Investment in PIMCO Short-Term Floating NAV Portfolio III

Notes to Financial Statements (Cont.)

Fund Name		Market Value 06/30/2023		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Market Value 09/30/2023		Dividend Income(1)		Realized Net Capital Gain Distributions(1)
PIMCO Dividend and Income Fund	$	13,363	$	6,882	$	(13,800)	$	6	$	(8)	$	6,443	$	182	$	0

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

(1) The tax characterization of distributions is determined in accordance with Federal income tax regulations and may contain a return of capital. The actual tax characterization of distributions received is determined at the end of the fiscal year of the affiliated fund.

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