CUSIP Description Sector Coupon Maturity Currency Par Value / Shares / Qantity Price Market Value Duration

693391104 Real Return Fund Government Related 2.55 02/01/2020 USD 77,069,553.686 10.8700 837,746,048.54 6.6872200Q505 Real Return Asset Fund Government Related 2.61 04/01/2028 USD 278,646,305.115 10.9800 3,059,536,430.22 11.46722005816 Investment Grade Corporate Bond Fund Invest. Grade Credit 6.11 06/01/2019 USD 113,861,400.391 11.1800 1,272,970,456.46 6.67693390841 High Yield Fund High Yield Credit 7.01 09/01/2016 USD 11,757,456.415 9.0600 106,522,555.14 4.02693391880 Diversified Income Fund Non-U.S. Developed 6.30 08/01/2019 USD 46,201,867.136 10.9800 507,296,501.14 6.19722005170 Floating Income Fund Non-U.S. Developed 5.10 02/01/2013 USD 15,925,509.360 9.0400 143,966,604.62 0.87722005220 Foreign Bond Fund (Unhedged) Non-U.S. Developed 3.48 04/01/2019 USD 812,427.489 9.9900 8,116,150.64 4.6272200Q380 International StocksPLUS® TR Strategy Fund (Non-U.S. Developed 4.18 03/01/2017 USD 13,574,082.596 9.3200 126,510,449.80 4.8072201F573 International StocksPLUS® TR Strategy Fund (Non-U.S. Developed 3.54 06/01/2017 USD 7,430,997.742 6.4000 47,558,385.56 4.8672201M131 EM Fundamental IndexPLUS™ TR Strategy FuNon-U.S. Developed 3.09 10/01/2016 USD 24,818,323.322 11.1000 275,483,388.88 0.0072201M446 Global Advantage Strategy Bond Fund Non-U.S. Developed 3.49 07/01/2016 USD 32,221,522.786 11.0800 357,014,472.48 4.63693391559 Emerging Markets Bond Fund Emerging Markets 7.04 10/01/2021 USD 21,387,827.838 10.6400 227,566,488.18 7.2072201F409 Developing Local Markets Fund Emerging Markets 3.07 11/01/2011 USD 45,380,954.676 10.2400 464,700,975.92 1.1372201F516 Emerging Local Bond Fund Emerging Markets 6.14 09/01/2016 USD 29,379,201.967 10.3800 304,956,116.46 4.66693390205 Long-Term U.S. Government Fund Municipal/Other 4.01 10/01/2028 USD 47,838,060.419 10.7900 516,172,671.94 13.13693390304 Low Duration Fund Municipal/Other 2.95 02/01/2013 USD 35,762,849.384 10.4400 373,364,147.59 2.25693390403 StocksPLUS® Fund Municipal/Other 1.57 01/01/2013 USD 1,429,455.030 8.2700 11,821,593.09 0.85693390700 Total Return Fund Municipal/Other 2.95 04/01/2017 USD 84,278,783.360 11.0400 930,437,768.28 4.81693391831 Convertible Fund Municipal/Other 4.92 12/01/2022 USD 29,684,524.501 13.2500 393,319,949.67 2.32

PORTFOLIO HOLDINGS FOR PIMCO ALL ASSET FUND(As of Mar 31, 2010)

Investors should consider the investment objectives, risks, charges and expenses of this Fund carefully before investing. This and other information is contained in the Fund’s prospectus, which may be obtained by contacting your financial advisor, by visiting www.allianzinvestors.com or by calling 888-877-4626. Please read this prospectus carefully before you invest or send money.

Allianz Global Investors Distributors LLC, 1345 Avenue of the Americas, New York, NY 10105, www.allianzinvestors.com, 1-888-877-4626

This list of portfolio holdings is as of the date above and is subject to change daily. This is not intended as a recommendation, offer or solicitation for the purchase or sale of any financial instrument. References to securities are for illustrative purposes only. All share classes have the same portfolio but different expenses.

The Fund's performance will depend on how its assets are allocated and reallocated among constituent Funds. There is no assurance that the investment objective of any underlying fund will be achieved. The allocation among the underlying Funds will vary, and the investment may be subject to any and all of the following risks at different times and to different degrees. Investing in smaller companies may entail greater risk than investing in larger companies, including higher volatility. Investing in non-U.S. securities may entail greater risk due to foreign economic and political developments; this risk may be enhanced when investing in emerging markets. The underlying funds may at times invest in mortgage-related securities and may use derivative instruments for hedging purposes or as part of an investment strategy. Mortgage-backed securities are subject to prepayment risk and may be sensitive to changes in prevailing interest rates. When interest rates rise, the value of fixed income securities generally declines. Use of derivative instruments may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk that a fund could not close out a position when it would be most advantageous to do so. Portfolios investing in derivatives could lose more than the principal amoun

The Fund's performance will depend on how its assets are allocated and reallocated among constituent Funds. There is no assurance that the investment objective of any underlying fund will be achieved. The allocation amongthe underlying Funds will vary, and the investment may be subject to any and all of the following risks at different times and to different degrees. Investing in smaller companies may entail greater risk than investing in larger companies, including higher volatility. Investing in non-U.S. securities may entail greater risk due to foreign economic and political developments; this risk may be enhanced when investing in emerging markets. The underlying funds may at times invest in mortgage-related securities and may use derivative instruments for hedging purposes or as part of an investment strategy. Mortgage-backed securities are subject to prepayment risk and may be sensitive to changes in prevailing interest rates. When interest rates rise, the value of fixed income securities generally declines. Use of derivative instruments may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk that a fund could not close out a position when it would be most advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested in those instruments. High-yield bonds typically have a lower credit rating than other bonds. Lower rated bonds generally involve a greater risk to principal than higher rated bonds. Inflation-indexed bonds issued by the U.S. Government, known as TIPS, are fixed-income securities whose principal value is periodically adjusted according to the rate of inflation, which will affect the interest payable on them. Repayment upon maturity of the adjusted principal value is guaranteed by the U.S. Government. Neither the current market value of inflation-indexed bonds nor the share value of a fund that invests in them is guaranteed, and either or both mayfluctuate. Although the Fund normally invests in a number of different underlying funds, it will be particularly sensitive to the risks associated with the individual fund(s) and any investments in which that Fund concentrates. The Fund's NAV will fluctuate in response to cr than the cost of investing in a mutual fund that invests directly in individual stocks and bonds.

CUSIP Description Sector Coupon Maturity Currency Par Value / Shares / Qantity Price Market Value Duration

722005642 StocksPLUS® Total Return Fund Municipal/Other 4.40 04/01/2018 USD 7,270,699.234 7.1400 51,912,792.55 4.66722005667 CommodityRealReturn Strategy Fund® Municipal/Other 2.37 12/01/2015 USD 53,121,562.520 7.8200 415,410,618.96 4.2772200Q257 RealEstateRealReturn Strategy Fund Municipal/Other 2.65 01/01/2023 USD 11,132,053.532 4.3800 48,758,394.47 8.4472201F110 Fundamental Advantage Total Return Strategy Municipal/Other 2.31 07/01/2016 USD 492,373,279.823 4.6200 2,274,764,552.84 4.7272201F490 Income Fund Municipal/Other 5.42 05/01/2016 USD 25,924,448.203 10.2100 264,688,616.14 4.4472201F623 Long Duration Total Return Fund Municipal/Other 4.68 08/01/2031 USD 44,091,643.814 10.7200 472,662,421.73 12.6172201F797 Small Cap StocksPLUS® TR Fund Municipal/Other 3.52 12/01/2016 USD 15,601,750.483 6.9700 108,744,200.87 4.6372201F805 Fundamental IndexPLUS™ Fund Municipal/Other 1.97 12/01/2011 USD 2,274,848.259 7.0300 15,992,183.26 0.9972201F854 Fundamental IndexPLUS™ TR Fund Municipal/Other 3.98 11/01/2016 USD 19,175,140.775 6.0700 116,393,104.50 4.9372201P647 Long-Term Credit Fund Municipal/Other 7.27 11/01/2033 USD 86,813,941.082 11.7100 1,016,591,250.13 0.00693390601 Short-Term Fund Net Cash Equivalents 1.83 01/01/2011 USD 21,534,288.825 9.8700 212,543,430.71 0.549840608A4 STATE STREET REPO Net Cash Equivalents 0.01 12/01/2015 USD 1.000 100.0000 1.00 0.00

TOTAL SECURITIES POSITIONS HELD 14,963,522,721.77UNINVESTED CASH PLUS RECEIVABLES (26,032,057.99) NET UNSETTLED TRADES 0.00NET FUTURES HELD 0.00ACCOUNTING MARKET VALUE 14,937,490,663.78