Allianz Investment Management LLC Concentrated Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SIXP	AIM ETF Product Trust	419,197	$13,846	8.7%	$33.03	—	ALLIANZIM US 6M BF10	00888H661
JULU	AIM ETF Product Trust	287,052	$8,528	5.3%	$29.71	—	ALLIANZIM US BF15 JULU	00888H570
DECU	AIM ETF Product Trust	310,584	$8,507	5.3%	$27.39	—	ALLIANZIM US BF15 DECU	00888H521
ARLU	AIM ETF Product Trust	241,633	$7,324	4.6%	$30.31	—	ALLIANZIM US BF15 APR	00888H612
SIXF	AIM ETF Product Trust	221,173	$7,058	4.4%	$31.91	—	ALLIANZIM US 6M BF10	00888H679
SIXJ	AIM ETF Product Trust	205,303	$7,038	4.4%	$34.28	—	ALLIANZIM US 6M BF10	00888H869
SIXD	AIM ETF Product Trust	237,668	$6,866	4.3%	$28.89	—	ALLIANZIM US 6M BF10	00888H646
OCTU	AIM ETF Product Trust	223,514	$6,361	4.0%	$28.46	—	ALLIANZIM US BF15 OCTU	00888H547
SIXZ	AIM ETF Product Trust	213,415	$6,319	4.0%	$29.61	—	ALLIANZIM US 6M BF10	00888H653
JNEU	AIM ETF Product Trust	202,404	$6,135	3.8%	$30.31	—	ALLIANZIM US BF15 JNEU	00888H588
NVBU	AIM ETF Product Trust	211,397	$6,120	3.8%	$28.95	—	ALLIANZIM US BF15 NVBU	00888H539
JANU	AIM ETF Product Trust	216,484	$6,092	3.8%	$28.14	—	ALLIANZIM US BF15 JANU	00888H513
AUGU	AIM ETF Product Trust	193,334	$5,698	3.6%	$29.47	—	ALLIANZIM US BF15 AUG	00888H562
MAYU	AIM ETF Product Trust	173,106	$5,453	3.4%	$31.50	—	ALLIANZIM US BF15 MAYU	00888H596
SEPU	AIM ETF Product Trust	185,987	$5,383	3.4%	$28.95	—	ALLIANZIM US BF15 SEPU	00888H554
FEBU	AIM ETF Product Trust	185,968	$5,150	3.2%	$27.69	—	ALLIANZIM US BF15 FEBU	00888H497
JANW	AIM ETF Product Trust	102,451	$3,792	2.4%	$37.01	—	ALLIANZIM US EQ BF20	00888H802
DECW	AIM ETF Product Trust	110,807	$3,761	2.4%	$33.94	—	ALLIANZIM US EQ BF20	00888H794
AUGW	AIM ETF Product Trust	115,287	$3,751	2.3%	$32.53	—	ALLIANZIM US EQ BF20	00888H711
JUNW	AIM ETF Product Trust	111,911	$3,736	2.3%	$33.39	—	ALLIANZIM US EQ BF20	00888H737
SEPW	AIM ETF Product Trust	116,920	$3,732	2.3%	$31.92	—	ALLIANZIM US EQ BF20	00888H687
FEBW	AIM ETF Product Trust	109,429	$3,717	2.3%	$33.96	—	ALLIANZIM US EQ BF20	00888H786
MARW	AIM ETF Product Trust	108,205	$3,716	2.3%	$34.34	—	ALLIANZIM US EQ BF20	00888H778
NVBW	AIM ETF Product Trust	109,056	$3,690	2.3%	$33.83	—	ALLIANZIM US EQ BF20	00888H844
MAYW	AIM ETF Product Trust	109,965	$3,689	2.3%	$33.55	—	ALLIANZIM US EQ BF20	00888H752
MARU	AIM ETF Product Trust	119,565	$3,320	2.1%	$27.77	—	ALLIANZIM US BF15 MARU	00888H489

Increased Positions (1)

APRW AIM ETF Product Trust 2.3%

Value ($000) $3,640 (+43.1%) Shares 104,418 (+5.0%) Est. Cost $25.56 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APRW	AIM ETF Product Trust	104,418 (+5.0%)	$3,640 (+43.1%)	2.3%	$25.56	—	ALLIANZIM US EQ BF20	00888H208

Exited Positions (13)

LQD ISHARES TR 749.4%

Value ($000) $1,197,721 Shares 8,671,604 Est. Cost $122.89 Unrealized —

VCLT VANGUARD SCOTTSDALE FDS 87.1%

Value ($000) $139,186 Shares 1,253,704 Est. Cost $92.89 Unrealized —

ANGL VANECK VECTORS ETF TR 67.3%

Value ($000) $107,601 Shares 3,352,050 Est. Cost $30.33 Unrealized —

SPIB SPDR SERIES TRUST 38.3%

Value ($000) $61,267 Shares 1,647,840 Est. Cost $34.00 Unrealized —

IGIB ISHARES TR 37.5%

Value ($000) $59,920 Shares 977,987 Est. Cost $78.24 Unrealized —

OCTT AIM ETF PRODUCTS TRUST 15.7%

Value ($000) $25,122 Shares 938,801 Est. Cost $26.76 Unrealized —

EMNT PIMCO ETF TR 15.7%

Value ($000) $25,077 Shares 249,000 Est. Cost $98.95 Unrealized —

IGSB ISHARES TR 7.8%

Value ($000) $12,478 Shares 201,949 Est. Cost $53.50 Unrealized —

JULT AIM ETF PRODUCTS TRUST 1.7%

Value ($000) $2,656 Shares 99,403 Est. Cost $26.27 Unrealized —

APRT AIM ETF PRODUCTS TRUST 1.6%

Value ($000) $2,598 Shares 99,334 Est. Cost $25.21 Unrealized —

CORP PIMCO ETF TR 0.7%

Value ($000) $1,053 Shares 9,000 Est. Cost $110.00 Unrealized —

MINT PIMCO ETF TR 0.6%

Value ($000) $1,004 Shares 9,838 Est. Cost $101.65 Unrealized —

HYS PIMCO ETF TR 0.6%

Value ($000) $980 Shares 9,977 Est. Cost $99.73 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LQD	ISHARES TR	8,671,604	$1,197,721	749.4%	$122.89	—	—	464287242
VCLT	VANGUARD SCOTTSDALE FDS	1,253,704	$139,186	87.1%	$92.89	—	—	92206C813
ANGL	VANECK VECTORS ETF TR	3,352,050	$107,601	67.3%	$30.33	—	—	92189F437
SPIB	SPDR SERIES TRUST	1,647,840	$61,267	38.3%	$34.00	—	—	78464A375
IGIB	ISHARES TR	977,987	$59,920	37.5%	$78.24	—	—	464288638
OCTT	AIM ETF PRODUCTS TRUST	938,801	$25,122	15.7%	$26.76	—	—	00888H604
EMNT	PIMCO ETF TR	249,000	$25,077	15.7%	$98.95	—	—	72201R643
IGSB	ISHARES TR	201,949	$12,478	7.8%	$53.50	—	—	464288646
JULT	AIM ETF PRODUCTS TRUST	99,403	$2,656	1.7%	$26.27	—	—	00888H307
APRT	AIM ETF PRODUCTS TRUST	99,334	$2,598	1.6%	$25.21	—	—	00888H109
CORP	PIMCO ETF TR	9,000	$1,053	0.7%	$110.00	—	—	72201R817
MINT	PIMCO ETF TR	9,838	$1,004	0.6%	$101.65	—	—	72201R833
HYS	PIMCO ETF TR	9,977	$980	0.6%	$99.73	—	—	72201R783

Decreased Positions (1)

OCTW AIM ETF Product Trust 2.3%

Value ($000) $3,675 (-85.8%) Shares 94,238 (-90.6%) Est. Cost $25.97 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
OCTW	AIM ETF Product Trust	94,238 (-90.6%)	$3,675 (-85.8%)	2.3%	$25.97	—	ALLIANZIM US EQ BF20	00888H505

Unchanged Positions (1)

JULW AIM ETF Product Trust 2.3%

Value ($000) $3,728 Shares 95,296 Est. Cost $25.76 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JULW	AIM ETF Product Trust	95,296	$3,728	2.3%	$25.76	—	ALLIANZIM US EQ BF20	00888H406