PIMCO VIT Emerging Markets Bond Division

Portfolio Composition

as of 12/31/2024

Asset Type	Net	Short	Long
Non-U.S. Bonds	107.65%	7.56%	115.21%
U.S. Bonds	27.27%	18.37%	45.64%
Convertibles	0.32%	0.0%	0.32%
U.S. Stocks	0.3%	0.01%	0.32%
Non-U.S. Stocks	0.17%	0.0%	0.17%
Cash	-35.71%	94.26%	58.55%
Total	100%

Top 10 Holdings

as of 12/31/2024

What's this?

% of Net Assets

10 Year Treasury Note Future Mar 25	18.29
5 Year Treasury Note Future Mar 25	9.30
Secretaria Tesouro Nacional 0%	4.88
2 Year Treasury Note Future Mar 25	3.00
Mexico (United Mexican States) 3%	2.33
Petroleos Mexicanos 7.69%	1.81
Saudi Arabia (Kingdom of) 4.5%	1.68
United States Treasury Bonds 4.75%	1.39
Argentina (Republic Of) 3.5%	1.38
Panama Infrastructure Receivable Purchaser PLC 0%	0.99

Total*: 45.03

*Values may exceed 100% if both long and short positions are included in the portfolio

Morningstar Style Box™

as of 12/31/2024

What's this?

Credit Analysis

as of 12/31/2024

What's this?

% Bonds

AAA	24.94
AA	10.12
A	7.52
BBB	25.75
BB	18.26
B	6.07
Below B	7.33

Statistics

as of 12/31/2024

Average Eff Duration (yrs):	6.74
Average Eff Maturity (yrs):	12.95
Avg Weighted Coupon:	5.69
Avg Weighted Price:

Analysis

as of 12/31/2024

Turnover Ratio:	62.00%
# Stock Holdings:	8
# Bond Holdings:	565
# Other Holdings:	187
Total # of Holdings:	760

� 2025 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Investment and Insurance products are:
* Not insured by the FDIC or Any Federal Government Agency
* Not a Deposit or Other Obligation of, or Guaranteed by Credit Union or Bank
* Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested

Investing involves risk, including possible loss of principal.

Fees and expenses are only one of several factors that participants and beneficiaries should consider when making investment decisions. The cumulative effect of fees and expenses can substantially reduce the growth of a participant's or beneficiary's retirement account. Participants and beneficiaries can visit the Employee Benefit Security Administration's website for an example demonstrating the long-term effect of fees and expenses.

Returns shown reflect all investment management charges and any miscellaneous expenses incurred by the underlying accounts of the divisions. Returns do not include premium expense charges and various monthly deductions (administration charges, cost of insurance, and mortality and expense risks charges) which vary by contract. In addition, results do not reflect the premium expense charge or the surrender charge levied if the policy is surrendered during the first 10 policy years, or within 10 years after a face amount increase. If these fees and charges had been deducted, the results shown would be significantly lower. These charges are explained fully in the prospectus and their effect upon cash surrender values are best explained by reviewing several hypothetical illustrations contained in the prospectus. For a personalized illustration of historical performance, which reflects the cost of insurance protection, contact your registered representative.

This material is authorized for distribution to prospective investors only when preceded or accompanied by a current prospectus for the Variable Universal Life product or Variable Annuity product and the underlying investment options. Insurance products from the Principal Financial Group® are issued by Principal National Life Insurance Company (except in New York) and Principal Life Insurance Company. Securities offered through Principal Securities, Inc., 800-247-9988, member SIPC. Principal National, Principal Life, and Principal Securities are members of the Principal Financial Group®, Des Moines, IA 50392.