0001756908-24-000043.txt : 20240912 0001756908-24-000043.hdr.sgml : 20240912 20240912150515 ACCESSION NUMBER: 0001756908-24-000043 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240912 DATE AS OF CHANGE: 20240912 EFFECTIVENESS DATE: 20240912 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PIMCO Dynamic Income Strategy Fund CENTRAL INDEX KEY: 0001756908 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23390 FILM NUMBER: 241294725 BUSINESS ADDRESS: STREET 1: 1633 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: (844) 312-2113 MAIL ADDRESS: STREET 1: 1633 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: PIMCO Energy & Tactical Credit Opportunities Fund DATE OF NAME CHANGE: 20181024 N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001756908 XXXXXXXX false false N-2 PIMCO Dynamic Income Strategy Fund 811-23390 0001756908 549300BX5QVFQJENPV35 1633 Broadway New York 10019 US-NY US 844-337-4626 Pacific Investment Management Company LLC 1633 Broadway New York 10019 (212)-776-1500 The account books and other documents required to be maintained by Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and the Rules thereunder State Street Bank and Trust Company 801 Pennsylvania Ave Kansas City 64105 (816) 936-1121 The account books and other documents required to be maintained by Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and the Rules thereunder N N N-2 Y Alan Rappaport N/A N David N. Fisher 003085501 Y Deborah A. DeCotis N/A N E. Grace Vandecruze N/A N Kathleen A. McCartney N/A N Libby D. Cantrill 004228791 Y Sarah E. Cogan N/A N Keisha Audain-Pressley N/A 1633 Broadway New York 10019 XXXXXX N N N N N N N PricewaterhouseCoopers LLP 238 5493002GVO7EO8RNNS37 N N N N N PIMCO Dynamic Income Strategy Fund 549300BX5QVFQJENPV35 N Fund of Funds Y Y N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Rule 12d1-4 (17 CFR 270.12d1-4) Rule 18f-4 (17 CFR 270.18f-4) Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii)) Rule 18f-4(e) (17 CFR 270.18f-4(e)) Rule 18f-4(f)(17 CFR 270.18f-4(f)) Y Y N N Pacific Investment Management Company LLC 801-48187 000104559 549300KGPYQZXGMYYN38 N Equiniti Trust Company, LLC 84-00416 254900TS5EWP83BEOU02 N N N Bloomberg Valuation Service 549300B56MD0ZC402L06 N ICE Data Services 5493000NQ9LYLDBCTL34 N IHS Markit 213800BVVQOBUSJXSB53 GB N JPMorgan Chase PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Refinitiv US Holdings 549300NF240HXJO7N016 CA N N AO Citibank, Moscow 549300BV8F7ZLMOZQI76 RU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP Paribas Securities Services, FR 213800JBTL5FESSB8H91 BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP Paribas Securities Services, FR 213800YDYBNP5BNSTS26 NL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP Paribas Securities Services, FR 549300WCGB70D06XZS54 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP Paribas Securities Services, GR 529900WAQB9LM0W2OX74 GR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Bank Hapoalim B.M. B6ARUI4946ST4S7WOU88 IL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Canada Self Custody 2138009N9TYRBWXPPS04 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank A.S. 78900029M5OOCV5YAY56 TR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank Europe PLC Spain Branch N/A ES N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank N.A. 549300Y6AM1UNEAUG671 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank N.A. Mexico 549300WEPPXE5O03XR55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank, N.A. 549300KOX37PA65ZMO70 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Clearstream Banking AG 549300298FD7AS4PPU70 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Credit Suisse (Schweiz) AG 529900QDWOQDW46HBC70 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Euroclear 21380014SJC1QPK8O356 BE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Firstrand Bank Limited ZAYQDKTCATIXF9OQY690 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC Bank Australia Limited DY9DBNI4W8J63Z298033 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Hongkong and Shanghai Banking Corp. 2549008A5WPSW0DR7544 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Hongkong and Shanghai Banking Corp. 2HI3YI5320L3RW6NJ957 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Hongkong and Shanghai Banking Corp. 54930046Q8I60Y8Q6Z46 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Mizuho Bank, Ltd.(Custody) 549300I6K0JHSVK8I066 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Royal Bank of Canada ES7IP3U3RHIGC71XBU11 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken 549300WBW9JJSZHIED38 DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken AB F3JS33DEI6XQ4ZBPTN86 SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken AB JJF4RP35YKMAPSXPQX93 NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank London - Crest 549300SQM0MRIF4HE647 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company 213800HZABVDTZXCDG24 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) The Hongkong and Shanghai Banking Corporation Limited 2HI3YI5320L3RW6NJ957 KR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UBS Switzerland AG 549300WOIFUSNYH0FL22 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Y Equiniti Trust Company, LLC 254900TS5EWP83BEOU02 N N N Pacific Investment Management Company LLC 549300KGPYQZXGMYYN38 Y N State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y N Allianz Global Investors (Schweiz) AG N/A N/A 549300HHHNE56IHKY326 CH 0.00 Allianz Life Financial Services, LLC 8-13630 000000612 5493008TSI0TRWDDGW79 0.00 PIMCO Canada Corp. N/A N/A 549300PNZNS0LQSMZ318 CA 0.00 PIMCO Europe GmbH N/A N/A 549300KW6332H0XL8X85 DE 0.00 PIMCO Investments LLC 8-68686 000154957 254900JVDUMBKRHKBI75 0.00 BMO Capital Markets Corp. 8-34344 000016686 RUC0QBLBRPRCU4W1NE59 4739.13 Barclays Capital, Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 11473.76 Citigroup Global Markets, Inc. 8-08177 000007059 MBNUM2BPBDO7JBLYG310 1974.00 Goldman Sachs & Co. 8-00129 000000361 FOR8UP27PHTHYVLBNG30 51237.17 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 60318.33 LIQUIDNET CANADA INC N/A N/A 21380031335M4LHQJ436 CA 395.45 Merrill Lynch, Pierce, Fenner, & Smith 8-07221 000007691 8NAV47T0Y26Q87Y0QP81 7359.69 Morgan Stanley & Co., Inc. 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 28158.12 UBS Securities LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 2121.60 Wells Fargo Securities, LLC 8-65876 000126292 VYVVCKR63DVZZN70PB21 20044.49 187829.62 BNP Paribas Securities Corp. 8-32682 000015794 RCNB6OTYUAMMP879YW96 895345273.92 Barclays Capital, Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 416006619.09 CIBC World Markets Corp. 8-18333 000000630 549300445CON3DBMU275 437877737.48 Cowen & Co. 8-22522 000007616 549300WR155U7DVMIW58 639672228.21 Deutsche Bank Securities, Inc. 8-17822 000002525 9J6MBOOO7BECTDTUZW19 1338861957.75 Goldman Sachs & Co. 8-00129 000000361 FOR8UP27PHTHYVLBNG30 884748036.95 HSBC Securities (USA), Inc. 8-41562 000019585 CYYGQCGNHMHPSMRL3R97 486659164.00 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 952432831.03 Merrill Lynch, Pierce, Fenner, & Smith 8-07221 000007691 8NAV47T0Y26Q87Y0QP81 2022369423.36 State Street Global Markets, LLC 8-69862 000285852 549300FDEDF5ORXCMQ56 669846503.29 10144388419.99 N 1017362622.68 Common stock PIMCO Dynamic Income Strategy Fund N N N N N N 1.2960000000000001 2.062 22.28 24.93 true INTERNAL CONTROL RPT 2 g1aiii_pimco063024t-pdx.htm

Report of Independent Registered Public Accounting Firm

To the Board of Trustees and Shareholders of PIMCO Dynamic Income Strategy Fund

In planning and performing our audit of the consolidated financial statements (“the financial statements”) of PIMCO Dynamic Income Strategy Fund (the “Fund”) as of and for the year ended June 30, 2024, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Fund’s internal control over financial reporting.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over

PricewaterhouseCoopers LLP, 1100 Walnut Street, Suite 1300, Kansas City, MO 64106
T: (816) 472 7291, www.pwc.com/us

financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of June 30, 2024.

This report is intended solely for the information and use of the Board of Trustees of PIMCO Dynamic Income Strategy Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ PricewaterhouseCoopers LLP
Kansas City, Missouri
August 27, 2024