SEPTEMBER 30, 2020 (UNAUDITED)

PIMCO California Municipal Income Fund III

Portfolio Holdings

PIMCO California Municipal Income Fund III Notes to Financial Statements

Schedule of Investments PIMCO California Municipal Income Fund III

(AMOUNTS IN THOUSANDS*, EXCEPT NUMBER OF SHARES, CONTRACTS AND UNITS, IF ANY)INVESTMENTS IN SECURITIES 174.5% ¤

MUNICIPAL BONDS & NOTES 174.2%

ARIZONA 0.3%

Arizona Industrial Development Authority Revenue Bonds, Series 2020 7.750% due 07/01/2050

CALIFORNIA 162.3%

Bay Area Toll Authority, California Revenue Bonds, Series 2013 5.250% due 04/01/2048

California Community Housing Agency Revenue Bonds, Series 2019 5.000% due 04/01/2049

California County Tobacco Securitization Agency Revenue Bonds, Series 2002 5.875% due 06/01/2035 6.000% due 06/01/2042

California County Tobacco Securitization Agency Revenue Bonds, Series 2007 0.000% due 06/01/2057 (b)

California County Tobacco Securitization Agency Revenue Bonds, Series 2020 0.000% due 06/01/2055 (b)

California Educational Facilities Authority Revenue Bonds, Series 2017 5.000% due 04/01/2047

California Educational Facilities Authority Revenue Bonds, Series 2018 5.000% due 10/01/2043

California Health Facilities Financing Authority Revenue Bonds, (CM Insured), Series 2020 4.000% due 11/01/2040

California Health Facilities Financing Authority Revenue Bonds, Series 2008 5.250% due 11/15/2040

California Health Facilities Financing Authority Revenue Bonds, Series 2011 5.000% due 08/15/2035

California Health Facilities Financing Authority Revenue Bonds, Series 2012 5.000% due 08/15/2051

California Health Facilities Financing Authority Revenue Bonds, Series 2015 5.000% due 08/15/2054

California Health Facilities Financing Authority Revenue Bonds, Series 2016 4.000% due 08/15/2039 (c)

4.000% due 10/01/2047 5.000% due 11/15/2046 (c) 5.000% due 08/15/2055

California Health Facilities Financing Authority Revenue Bonds, Series 2019 4.000% due 11/15/2045

California Health Facilities Financing Authority Revenue Bonds, Series 2020 4.000% due 06/01/2050 (a)

California Infrastructure & Economic Development Bank Revenue Bonds, Series 2013 5.000% due 02/01/2039

California Infrastructure & Economic Development Bank Revenue Bonds, Series 2020 0.000% due 01/01/2060 (b)

4.000% due 11/01/2045 4.000% due 07/01/2050

California Municipal Finance Authority Revenue Bonds, Series 2011 7.750% due 04/01/2031

California Municipal Finance Authority Revenue Bonds, Series 2018 5.000% due 06/01/2043 5.000% due 06/01/2048

California Public Finance Authority Revenue Bonds, Series 2017 4.000% due 08/01/2047 (c)

California School Finance Authority Revenue Bonds, Series 2017 5.000% due 07/01/2047

California State General Obligation Bonds, Series 2013 5.000% due 11/01/2043

California State General Obligation Bonds, Series 2017 4.000% due 11/01/2047

California State General Obligation Bonds, Series 2018 5.000% due 10/01/2047

California State General Obligation Bonds, Series 2019 4.000% due 10/01/2039

California State General Obligation Bonds, Series 2020 4.000% due 11/01/2035 4.000% due 03/01/2050

California State Public Works Board Revenue Bonds, Series 2013 5.000% due 03/01/2038

California State University Revenue Bonds, Series 2011 5.000% due 11/01/2042

California State University Revenue Bonds, Series 2015 5.000% due 11/01/2047

PRINCIPAL

AMOUNT

(000s)MARKET

VALUE (000s)

$

730 $

736 ..............................................

8,000 9,021

3,700 4,107

7,940 7,948

7,000 7,007

4,000 501

4,000 712

700 787

1,000 1,204

1,020 1,178

4,550 4,812

1,000 1,033

5,205 5,553

3,000 3,408

6,500 7,340

750 827

5,000 5,864

5,000 5,755

1,400 1,608

3,250 3,666

10,000 10,816

4,000 288

850 972

300 338

610 633

1,165 1,418

1,100 1,330

4,200 4,687

1,115 1,275

5,000 5,651

1,500 1,723

2,000 2,393

4,500 5,367

750 918

1,750 2,030

2,500 2,746

6,200 6,524

6,750 8,070

California Statewide Communities Development Authority Revenue Bonds, (CM Insured), Series 2018 4.000% due 07/01/2047

California Statewide Communities Development Authority Revenue Bonds, Series 2011 5.000% due 12/01/2041

California Statewide Communities Development Authority Revenue Bonds, Series 2012 5.000% due 04/01/2042 5.375% due 05/15/2038

California Statewide Communities Development Authority Revenue Bonds, Series 2014 5.500% due 12/01/2054

California Statewide Communities Development Authority Revenue Bonds, Series 2016 4.000% due 08/15/2051 5.000% due 06/01/2046 5.000% due 12/01/2046

California Statewide Communities Development Authority Revenue Bonds, Series 2018 4.000% due 03/01/2042 4.000% due 07/01/2048 4.000% due 12/01/2057

California Statewide Communities Development Authority Revenue Notes, Series 2011 6.500% due 11/01/2021

Chaffey Joint Union High School District, California General Obligation Bonds, Series 2017 4.000% due 08/01/2047 (c)

Chula Vista, California Revenue Bonds, Series 2004 5.875% due 02/15/2034

Folsom Cordova Unified School District School Facilities Improvement District No. 5, California General Obligation Bonds, Series 2018 4.000% due 10/01/2043 (c)

Foothill-Eastern Transportation Corridor Agency, California Revenue Bonds, Series 2014 3.950% due 01/15/2053

Fremont Community Facilities District No. 1, California Special Tax Bonds, Series 2015 5.000% due 09/01/2045

Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2018 5.000% due 06/01/2030 5.000% due 06/01/2047 5.250% due 06/01/2047

Hartnell Community College District, California General Obligation Bonds, Series 2017 4.000% due 08/01/2042

Hastings Campus Housing Finance Authority, California Revenue Bonds, Series 2020 5.000% due 07/01/2061

Hayward Unified School District, California General Obligation Bonds, Series 2015 5.000% due 08/01/2038

Imperial Irrigation District Electric System, California Revenue Bonds, Series 2016 5.000% due 11/01/2041 (c)

Long Beach Bond Finance Authority, California Revenue Bonds, Series 2007 5.500% due 11/15/2030

Long Beach Community College District, California General Obligation Bonds, Series 2019 4.000% due 08/01/2045

Long Beach Unified School District, California General Obligation Bonds, Series 2009 5.750% due 08/01/2033

Long Beach, California Airport System Revenue Bonds, Series 2010 5.000% due 06/01/2040

Los Angeles Community College District, California General Obligation Bonds, Series 2017 4.000% due 08/01/2041 (c)

Los Angeles County, California Facilities, Inc., Revenue Bonds, Series 2018 4.000% due 12/01/2048

Los Angeles County, California Metropolitan Transportation Authority Revenue Bonds, Series 2019 5.000% due 07/01/2044

Los Angeles County, California Sanitation Districts Financing Authority Revenue Bonds, Series 2016 4.000% due 10/01/2042

Los Angeles Department of Airports, California Revenue Bonds, Series 2020 4.000% due 05/15/2048

Los Angeles Department of Water & Power, California Revenue Bonds, Series 2012 5.000% due 07/01/2037 5.000% due 07/01/2043

Los Angeles Department of Water & Power, California Revenue Bonds, Series 2014 5.000% due 07/01/2043

Los Angeles Department of Water, California Revenue Bonds, Series 2019 5.000% due 07/01/2049

M-S-R Energy Authority, California Revenue Bonds, Series 2009 6.500% due 11/01/2039 7.000% due 11/01/2034

Manteca Financing Authority, California Revenue Bonds, Series 2009 5.750% due 12/01/2036

Monterey Peninsula Unified School District, California General Obligation Bonds, Series 2019 4.000% due 08/01/2040

Mount San Antonio Community College District, California General Obligation Bonds, Series 2019 5.000% due 08/01/2044

Mount San Jacinto Community College District, California General Obligation Bonds, Series 2018 4.000% due 08/01/2043

Newport Mesa Unified School District, California General Obligation Bonds, (NPFGC Insured), Series 2007 0.000% due 08/01/2031 (b)

Northern California Energy Authority Revenue Bonds, Series 2018 4.000% due 07/01/2049

Oakland Redevelopment Agency Successor Agency, California Tax Allocation Bonds, (AGM Insured), Series 2015 5.000% due 09/01/2036

Orange County, California Local Transportation Authority Revenue Bonds, Series 2019 5.000% due 02/15/2041

250 278

11,000 11,625

11,220 11,778

2,000 2,035

3,600 3,895

200 217

1,000 1,014

3,100 3,356

2,500 2,795

850 940

2,000 2,079

120 124

4,500 5,048

2,000 2,007

2,900 3,361

720 778

1,400 1,543

1,500 1,860

2,115 2,181

8,885 9,177

1,150 1,318

2,000 2,057

5,000 5,909

4,000 4,894

360 481

450 521

305 306

2,120 2,127

2,900 3,342

2,000 2,264

2,200 2,762

1,185 1,313

2,500 2,841

2,000 2,158

2,115 2,273

1,000 1,130

1,500 1,892

9,825 15,546

2,285 3,537

1,000 1,009

2,545 2,965

1,450 1,860

7,300 8,441

1,485 1,265

2,000 2,223

800 933

1,000 1,273

Pacifica School District, California General Obligation Bonds, Series 2018

4.000% due 08/01/2048 1,250 1,390

Palomar Community College District, California General Obligation Bonds, Series 2017

4.000% due 08/01/2046 (c) 3,000 3,395

Regents of the University of California Medical Center Pooled Revenue Bonds, Series 2013

5.000% due 05/15/2043 5,000 5,473

River Islands Public Financing Authority, California Special Tax Bonds, Series 2015

5.500% due 09/01/2045 3,000 3,182

Riverside, California Sewer Revenue Bonds, Series 2018

4.000% due 08/01/2038 2,000 2,335

Riverside, California Water Revenue Bonds, Series 2019

5.000% due 10/01/2048 1,500 1,900

Sacramento Area Flood Control Agency, California Special Assessment Bonds, Series 2016

5.000% due 10/01/2041 (c) 2,200 2,684

5.000% due 10/01/2047 (c) 1,500 1,816

Sacramento Municipal Utility District, California Revenue Bonds, Series 2013

5.000% due 08/15/2037 3,000 3,374

San Diego County, California Regional Airport Authority Revenue Bonds, Series 2013

5.000% due 07/01/2043 1,325 1,441

San Diego Public Facilities Financing Authority, California Revenue Bonds, Series 2020

4.000% due 08/01/2045 2,200 2,644

San Francisco Bay Area Rapid Transit District, California General Obligation Bonds, Series 2017

4.000% due 08/01/2042 (c) 4,500 5,171

San Francisco Bay Area Rapid Transit District, California General Obligation Bonds, Series 2019

4.000% due 08/01/2044 2,160 2,541

San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Bonds, Series 2017

5.000% due 05/01/2047 2,125 2,495

San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Bonds, Series 2018

5.000% due 05/01/2048 2,000 2,376

San Francisco, California City & County Airport Comm-San Francisco International Airport Revenue Bonds, Series 2019

5.000% due 05/01/2050 3,500 4,215

San Francisco, California City & County Certificates of Participation Bonds, Series 2019

4.000% due 04/01/2039 1,750 2,010

San Francisco, California City & County Redevelopment Agency Special Tax Bonds, Series 2013

5.000% due 08/01/2028 1,505 1,604

San Joaquin County Transportation Authority, California Revenue Bonds, Series 2017

4.000% due 03/01/2041 (c) 1,800 2,043

5.000% due 03/01/2041 (c) 2,700 3,274

San Jose Evergreen Community College District, California General Obligation Bonds, Series 2014

4.125% due 09/01/2043 1,250 1,370

San Jose Unified School District, California General Obligation Bonds, Series 2019

4.000% due 08/01/2042 1,000 1,173

San Jose, California Hotel Tax Revenue Bonds, Series 2011

6.500% due 05/01/2036 1,500 1,523

San Marcos Redevelopment Agency Successor Agency, California Tax Allocation Bonds, Series 2015

5.000% due 10/01/2034 885 1,040

San Marcos Unified School District, California General Obligation Bonds, Series 2011

5.000% due 08/01/2038 1,000 1,041

San Mateo County, California Community College District General Obligation Bonds, (NPFGC Insured), Series 2006

0.000% due 09/01/2034 (b) 2,530 1,957

San Mateo County, California Community College District General Obligation Bonds, Series 2018

5.000% due 09/01/2045 2,000 2,517

San Mateo Foster City Public Financing Authority, California Revenue Bonds, Series 2019

4.000% due 08/01/2044 1,290 1,530

Santa Ana Unified School District, California General Obligation Bonds, Series 2019

4.000% due 08/01/2048 1,250 1,438

Santa Clara County, California General Obligation Bonds, Series 2013

4.000% due 08/01/2041 (c) 3,000 3,129

University of California Revenue Bonds, Series 2016

4.000% due 05/15/2046 (c) 6,760 7,599

University of California Revenue Bonds, Series 2017

5.000% due 05/15/2042 2,500 3,049

University of California Revenue Bonds, Series 2018

4.000% due 05/15/2043 1,050 1,215

University of California Revenue Bonds, Series 2019

5.000% due 05/15/2049 1,500 1,879

Upland, California Certificates of Participation Bonds, Series 2017

4.000% due 01/01/2042 2,250 2,411

Washington Township Health Care District, California General Obligation Bonds, Series 2013

5.000% due 08/01/2043 2,500 2,764

ILLINOIS 6.3%

Chicago, Illinois General Obligation Bonds, Series 2007

..............................................

363,239 ______________________

5.500% due 01/01/2035 3,000 3,154

Chicago, Illinois General Obligation Bonds, Series 2015

5.250% due 01/01/2028 3,700 3,918

5.500% due 01/01/2033 2,500 2,636

Illinois State General Obligation Bonds, Series 2012

5.000% due 08/01/2023 1,400 1,480

Illinois State General Obligation Bonds, Series 2017

5.000% due 12/01/2038 1,700 1,766

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PIMCO California Municipal Income Fund III published this content on 26 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2021 15:37:06 UTC.