0001752724-24-061437.txt : 20240321 0001752724-24-061437.hdr.sgml : 20240321 20240321115449 ACCESSION NUMBER: 0001752724-24-061437 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240131 FILED AS OF DATE: 20240321 DATE AS OF CHANGE: 20240321 PERIOD START: 20241031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PAYDEN & RYGEL INVESTMENT GROUP CENTRAL INDEX KEY: 0000885709 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-06625 FILM NUMBER: 24770131 BUSINESS ADDRESS: STREET 1: 333 S GRAND AVE STREET 2: 40TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 2136251900 MAIL ADDRESS: STREET 1: 333 S GRAND AVE STREET 2: 40TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: PAYDENFUNDS DATE OF NAME CHANGE: 20010423 FORMER COMPANY: FORMER CONFORMED NAME: PAYDEN & RYGEL INVESTMENT GROUP DATE OF NAME CHANGE: 19940104 FORMER COMPANY: FORMER CONFORMED NAME: P&R INVESTMENT TRUST DATE OF NAME CHANGE: 19920929 0000885709 S000011758 Payden U.S. Government Fund C000032183 Payden U.S. Government Fund (Investor Class) PYUSX NPORT-P 1 primary_doc.xml NPORT-P false 0000885709 XXXXXXXX S000011758 C000032183 PAYDEN & RYGEL INVESTMENT GROUP 811-06625 0000885709 549300QJNYRKYZS3P282 333 South Grand Avenue 32nd Floor Los Angeles 90071 213-625-1900 Payden U.S. Government Fund S000011758 S05DF751G46NXE21NJ26 2024-10-31 2024-01-31 N 68380681.34 249049.29 68131632.05 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 54000.00000000 USD N ICE BofA Treasury 1-5 Yr Index (GVQ0) GVQ0 Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 31418EVC1 941458.10000000 PA USD 944137.86000000 1.385755531743 Long ABS-MBS USGSE US N 2 2038-08-01 Fixed 5.00000000 N N N N N N FREDDIE MAC S6XOOCT0IEG5ABCC6L87 Federal Home Loan Mortgage Corp 3134GXS88 500000.00000000 PA USD 496041.39000000 0.728063272630 Long DBT USGSE US N 2 2025-02-28 Fixed 4.00000000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 United States Treasury Note/Bond 91282CJT9 2800000.00000000 PA USD 2799562.50000000 4.109049520412 Long DBT UST US N 2 2027-01-15 Fixed 4.00000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3138WGER1 179658.83000000 PA USD 172456.03000000 0.253121824343 Long ABS-MBS USGSE US N 2 2030-12-01 Fixed 3.00000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 31418EGC8 1221381.87000000 PA USD 1174229.23000000 1.723471454695 Long ABS-MBS USGSE US N 2 2037-08-01 Fixed 3.50000000 N N N N N N WI TREAS. NT/BD 254900HROIFWPRGM1V77 United States Treasury Note/Bond - When Issued 91282CHB0 6000000.00000000 PA USD 5935312.50000000 8.711537242560 Long DBT UST US N 2 2026-05-15 Fixed 3.62500000 N N N N N N FHLMC Multifamily Structured P S6XOOCT0IEG5ABCC6L87 Freddie Mac Multifamily Structured Pass Through Certificates 3137BHXJ1 875661.76000000 PA USD 858026.81000000 1.259366294602 Long ABS-MBS USGSE US N 2 2025-01-25 Fixed 3.02300000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3138EQQA3 132408.45000000 PA USD 135885.41000000 0.199445405770 Long ABS-MBS USGSE US N 2 2045-10-01 Floating 7.03100000 N N N N N N FRESB Multifamily Mortgage Pas N/A FRESB 2019-SB59 Mortgage Trust 302970AG3 481533.64000000 PA USD 453390.21000000 0.665462130229 Long ABS-MBS USGSE US N 2 2029-01-25 Variable 3.47000000 N N N N N N BOARD OF TRADE OF THE CITY OF CHICAGO, INC. 549300EX04Q2QBFQTQ27 US 5 YEAR TREASURY NOTE 000000000 30.00000000 NC USD 69508.50000000 0.102020893832 N/A DIR CORP US N 1 BOARD OF TRADE OF THE CITY OF CHICAGO, INC. 549300EX04Q2QBFQTQ27 Long US TREASURY N/B United States Treasury Note/Bond 2024-03-28 3182210.40000000 USD 69508.50000000 N N N Government National Mortgage A 549300M8ZYFG0OCMTT87 Ginnie Mae I Pool 3620ARUQ2 199554.07000000 PA USD 198014.34000000 0.290634957716 Long ABS-MBS USGA US N 2 2040-12-15 Fixed 4.50000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3140KESC3 423649.64000000 PA USD 381969.11000000 0.560634023444 Long ABS-MBS USGSE US N 2 2050-05-01 Floating 2.28400000 N N N N N N FRESB Multifamily Mortgage Pas N/A FRESB 2021-SB83 Mortgage Trust 30318NAA1 808001.23000000 PA USD 747081.49000000 1.096526631641 Long ABS-MBS USGSE US N 2 2026-01-25 Variable 0.63000000 N N N N N N Freddie Mac S6XOOCT0IEG5ABCC6L87 Freddie Mac Pool 3132D6C57 810363.75000000 PA USD 813652.66000000 1.194236268115 Long ABS-MBS USGSE US N 2 2037-10-01 Fixed 5.00000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3140MFWY5 835642.84000000 PA USD 801684.72000000 1.176670359828 Long ABS-MBS USGSE US N 2 2052-06-01 Floating 3.78900000 N N N N N N FannieMae Grantor Trust N/A Fannie Mae Grantor Trust 2017-T1 3136AV6R5 634435.24000000 PA USD 602262.20000000 0.883968550111 Long ABS-MBS USGSE US N 2 2027-06-25 Fixed 2.89800000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3138X6XC4 59823.41000000 PA USD 61074.64000000 0.089642120939 Long ABS-MBS USGSE US N 2 2043-11-01 Floating 5.83000000 N N N N N N Freddie Mac S6XOOCT0IEG5ABCC6L87 Freddie Mac Non Gold Pool 3142BAC59 802487.99000000 PA USD 720108.79000000 1.056937531558 Long ABS-MBS USGSE US N 2 2051-08-01 Floating 1.54200000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 United States Treasury Note/Bond 91282CGA3 1500000.00000000 PA USD 1492939.46000000 2.191257445446 Long DBT UST US N 2 2025-12-15 Fixed 4.00000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3138WH3X8 337175.70000000 PA USD 319077.11000000 0.468324477778 Long ABS-MBS USGSE US N 2 2031-09-01 Fixed 2.50000000 N N N N N N FHLMC Multifamily Structured P S6XOOCT0IEG5ABCC6L87 Freddie Mac Multifamily Structured Pass Through Certificates 3137HACX2 1200000.00000000 PA USD 1219264.80000000 1.789572278417 Long ABS-MBS USGSE US N 2 2028-06-25 Fixed 4.81900000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3138YV2N8 243526.05000000 PA USD 249498.07000000 0.366200049071 Long ABS-MBS USGSE US N 2 2045-08-01 Floating 5.84000000 N N N N N N FHLMC Multifamily Structured P S6XOOCT0IEG5ABCC6L87 Freddie Mac Multifamily Structured Pass Through Certificates 3137FBTB2 650000.00000000 PA USD 640336.78000000 0.939852401495 Long ABS-MBS USGSE US N 2 2024-08-25 Variable 3.13300000 N N N N N N FRESB Multifamily Mortgage Pas N/A FRESB 2020-SB79 Mortgage Trust 30316VAC1 975479.37000000 PA USD 912321.96000000 1.339057839287 Long ABS-MBS USGSE US N 2 2040-07-25 Variable 0.80000000 N N N N N N Freddie Mac S6XOOCT0IEG5ABCC6L87 Freddie Mac Pool 3132DWGR8 931991.46000000 PA USD 934932.84000000 1.372244891057 Long ABS-MBS USGSE US N 2 2053-03-01 Fixed 5.50000000 N N N N N N Payden Cash Reserves Money Market Fund 549300SI0EB26HO5RT16 Payden Cash Reserves Money Market Fund 704329598 513134.41000000 NS USD 513134.41000000 0.753151501821 Long STIV RF US N 1 N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 31418EM23 1770306.93000000 PA USD 1799279.84000000 2.640887625706 Long ABS-MBS USGSE US N 2 2052-12-01 Fixed 6.00000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3140JB6C5 1390931.85000000 PA USD 1400685.65000000 2.055852190612 Long ABS-MBS USGSE US N 2 2053-03-01 Floating 5.17600000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3140XHUV7 1243901.51000000 PA USD 1199886.15000000 1.761129322602 Long ABS-MBS USGSE US N 2 2037-07-01 Fixed 3.50000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3140F9XB6 241663.83000000 PA USD 248516.90000000 0.364759939726 Long ABS-MBS USGSE US N 2 2047-01-01 Floating 4.45300000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3138X8T76 144631.53000000 PA USD 147877.68000000 0.217047024341 Long ABS-MBS USGSE US N 2 2044-02-01 Floating 4.03000000 N N N N N N WI TREAS. NT/BD 254900HROIFWPRGM1V77 United States Treasury Note/Bond - When Issued 91282CJP7 3000000.00000000 PA USD 3028828.14000000 4.445553480617 Long DBT UST US N 2 2026-12-15 Fixed 4.37500000 N N N N N N Government National Mortgage A 549300M8ZYFG0OCMTT87 Ginnie Mae II Pool 36176WKM2 284966.14000000 PA USD 279079.40000000 0.409617958065 Long ABS-MBS USGA US N 2 2032-02-20 Fixed 4.00000000 N N N N N N Freddie Mac S6XOOCT0IEG5ABCC6L87 Freddie Mac Non Gold Pool 31300MR39 179931.40000000 PA USD 183529.47000000 0.269374832919 Long ABS-MBS USGSE US N 2 2044-11-01 Floating 5.76400000 N N N N N N Freddie Mac S6XOOCT0IEG5ABCC6L87 Freddie Mac Non Gold Pool 31326KJG3 168149.55000000 PA USD 171458.80000000 0.251658142981 Long ABS-MBS USGSE US N 2 2045-10-01 Floating 5.87000000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 United States Treasury Note/Bond 91282CEW7 2500000.00000000 PA USD 2444580.08000000 3.588025130832 Long DBT UST US N 2 2027-06-30 Fixed 3.25000000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 United States Treasury Note/Bond 91282CFN6 3100000.00000000 PA USD 3084841.53000000 4.527766966944 Long DBT UST US N 2 2024-09-30 Fixed 4.25000000 N N N N N N Freddie Mac S6XOOCT0IEG5ABCC6L87 Freddie Mac Pool 3132D6DK3 1748057.58000000 PA USD 1755152.26000000 2.576119501602 Long ABS-MBS USGSE US N 2 2038-01-01 Fixed 5.00000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3140J8TK9 357046.63000000 PA USD 341331.91000000 0.500988894188 Long ABS-MBS USGSE US N 2 2033-06-01 Fixed 3.00000000 N N N N N N Freddie Mac S6XOOCT0IEG5ABCC6L87 Freddie Mac Pool 3132DWFU2 872980.62000000 PA USD 887784.62000000 1.303043231590 Long ABS-MBS USGSE US N 2 2052-11-01 Fixed 6.00000000 N N N N N N Freddie Mac S6XOOCT0IEG5ABCC6L87 Freddie Mac Non Gold Pool 3128LLYE0 19747.30000000 PA USD 19751.79000000 0.028990630938 Long ABS-MBS USGSE US N 2 2042-08-01 Floating 6.00000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3138ENTZ2 93214.85000000 PA USD 95249.27000000 0.139801832326 Long ABS-MBS USGSE US N 2 2044-11-01 Floating 5.82000000 N N N N N N Government National Mortgage A 549300M8ZYFG0OCMTT87 Ginnie Mae II Pool 36196UVZ1 241476.21000000 PA USD 228414.67000000 0.335254951521 Long ABS-MBS USGA US N 2 2037-07-20 Fixed 3.25000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae REMICS 31392B5T9 72146.50000000 PA USD 72362.64000000 0.106210049315 Long ABS-MBS USGSE US N 2 2032-02-25 Floating 6.20912000 N N N N N N Freddie Mac S6XOOCT0IEG5ABCC6L87 Freddie Mac Non Gold Pool 31326FCH9 78764.66000000 PA USD 80141.11000000 0.117626875488 Long ABS-MBS USGSE US N 2 2042-11-01 Floating 6.02000000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 United States Treasury Note/Bond 91282CGL9 1400000.00000000 PA USD 1394503.91000000 2.046778960140 Long DBT UST US N 2 2026-02-15 Fixed 4.00000000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 United States Treasury Note/Bond 91282CGD7 4800000.00000000 PA USD 4776586.08000000 7.010819991064 Long DBT UST US N 2 2024-12-31 Fixed 4.25000000 N N N N N N Government National Mortgage A 549300M8ZYFG0OCMTT87 Ginnie Mae I Pool 3620AE5N6 346189.39000000 PA USD 347398.77000000 0.509893509882 Long ABS-MBS USGA US N 2 2029-10-15 Fixed 5.50000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3138WDUL3 333871.38000000 PA USD 317867.77000000 0.466549472595 Long ABS-MBS USGSE US N 2 2030-01-01 Fixed 2.50000000 N N N N N N Government National Mortgage A 549300M8ZYFG0OCMTT87 Government National Mortgage Association 38379B3Q9 377187.88000000 PA USD 1250.23000000 0.001835021358 Long ABS-MBS USGA US N 2 2029-07-20 Variable 0.01000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3138AHPD2 46170.96000000 PA USD 46482.31000000 0.068224272047 Long ABS-MBS USGSE US N 2 2041-07-01 Floating 6.00000000 N N N N N N Freddie Mac S6XOOCT0IEG5ABCC6L87 Freddie Mac Pool 3132DPM96 1797100.39000000 PA USD 1824159.33000000 2.677404423045 Long ABS-MBS USGSE US N 2 2053-01-01 Fixed 6.00000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3138YUF48 107534.55000000 PA USD 109135.17000000 0.160182820690 Long ABS-MBS USGSE US N 2 2045-09-01 Floating 7.30500000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3138ENNG0 104451.48000000 PA USD 106683.64000000 0.156584594835 Long ABS-MBS USGSE US N 2 2044-10-01 Floating 5.81600000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 United States Treasury Note/Bond 91282CEU1 8500000.00000000 PA USD 8322197.26000000 12.21488023931 Long DBT UST US N 2 2025-06-15 Fixed 2.87500000 N N N N N N Government National Mortgage A 549300M8ZYFG0OCMTT87 Ginnie Mae II Pool 36176WKQ3 288500.73000000 PA USD 288360.53000000 0.423240308977 Long ABS-MBS USGA US N 2 2032-02-20 Fixed 4.75000000 N N N N N N Government National Mortgage A 549300M8ZYFG0OCMTT87 Ginnie Mae II Pool 36180B5S6 652581.92000000 PA USD 631408.04000000 0.926747269956 Long ABS-MBS USGA US N 2 2033-09-20 Fixed 3.75000000 N N N N N N FHLMC Multifamily Structured P S6XOOCT0IEG5ABCC6L87 Freddie Mac Multifamily Structured Pass Through Certificates 3137FVNA6 8104.16000000 PA USD 8083.38000000 0.011864356917 Long ABS-MBS USGSE US N 2 2025-03-25 Floating 5.67855000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 United States Treasury Note/Bond 91282CFK2 4500000.00000000 PA USD 4440146.49000000 6.517011784983 Long DBT UST US N 2 2025-09-15 Fixed 3.50000000 N N N N N N Fanniemae-Aces B1V7KEBTPIMZEU4LTD58 Fannie Mae-Aces 3136AY6U2 1615135.32000000 PA USD 1550486.30000000 2.275721648443 Long ABS-MBS USGSE US N 2 2027-11-25 Variable 3.20481800 N N N N N N Government National Mortgage A 549300M8ZYFG0OCMTT87 Ginnie Mae II Pool 36196UV73 494500.26000000 PA USD 467525.77000000 0.686209556314 Long ABS-MBS USGA US N 2 2037-12-20 Fixed 3.25000000 N N N N N N FHLMC Multifamily Structured P S6XOOCT0IEG5ABCC6L87 Freddie Mac Multifamily Structured Pass Through Certificates 3137FWGH7 592550.03000000 PA USD 574189.57000000 0.842765031048 Long ABS-MBS USGSE US N 2 2050-05-25 Variable 2.07521500 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3138ENGE3 59536.03000000 PA USD 61002.87000000 0.089536780735 Long ABS-MBS USGSE US N 2 2044-02-01 Floating 3.98500000 N N N N N N Freddie Mac S6XOOCT0IEG5ABCC6L87 Freddie Mac Non Gold Pool 31300MRF2 35951.09000000 PA USD 36971.59000000 0.054264941096 Long ABS-MBS USGSE US N 2 2041-08-01 Floating 5.52600000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3140L9CC0 768314.91000000 PA USD 676238.31000000 0.992546765214 Long ABS-MBS USGSE US N 2 2051-05-01 Floating 1.92100000 N N N N N N Freddie Mac S6XOOCT0IEG5ABCC6L87 Freddie Mac Non Gold Pool 3142BAKZ4 893902.16000000 PA USD 878304.70000000 1.289129107248 Long ABS-MBS USGSE US N 2 2052-07-01 Floating 4.42800000 N N N N N N 2024-03-21 PAYDEN & RYGEL INVESTMENT GROUP Sandi Brents Sandi Brents Compliance Officer XXXX NPORT-EX 2 PR10PR013124.htm
Payden
U.S.
Government
Fund
1
Schedule
of
Investments
-
January
31,
2024
(Unaudited)
Principal
or
Shares
Security
Description
Value
(000)
Asset
Backed
(1%
)
634,435
Fannie
Mae
Grantor
Trust
2017-T1,
2.90%,
6/25/27
(Cost
-
$587)
$
602‌
Mortgage
Backed
(42%
)
1,615,135
Fannie
Mae-Aces
2017-M15,
3.20%,
11/25/27 (a)
1,551‌
19,747
FH
2B0709
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.750%),
6.00%,
8/01/42 (b)
20‌
78,765
FH
2B0972
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.770%),
6.02%,
11/01/42 (b)
80‌
168,150
FH
2B4763
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.620%),
5.87%,
10/01/45 (b)
172‌
35,951
FH
849486
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.868%),
5.53%,
8/01/41 (b)
37‌
179,931
FH
849506
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.609%),
5.76%,
11/01/44 (b)
184‌
802,488
FH
8C0092
ARM
,
(U.S.
Secured
Overnight
Financing
Rate
Index
30day
Average
+
2.130%),
1.54%,
8/01/51 (b)
720‌
893,902
FH
8C0312
ARM
,
(U.S.
Secured
Overnight
Financing
Rate
Index
30day
Average
+
2.130%),
4.43%,
7/01/52 (b)
878‌
650,000
FHLMC
Multifamily
Structured
Pass-Through
Certificates
K728,
3.13%,
8/25/24 (a)
640‌
875,662
FHLMC
Multifamily
Structured
Pass-Through
Certificates
K045,
3.02%,
1/25/25 
858‌
8,104
FHLMC
Multifamily
Structured
Pass-Through
Certificates
KI06,
(U.S.
Secured
Overnight
Financing
Rate
Index
30day
Average
+
0.334%),
5.68%,
3/25/25 (b)
8‌
1,200,000
FHLMC
Multifamily
Structured
Pass-Through
Certificates
K505,
4.82%,
6/25/28 
1,219‌
592,550
FHLMC
Multifamily
Structured
Pass-Through
Certificates
Q013,
2.08%,
5/25/50 (a)
574‌
46,171
FN
AI4019
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.750%),
6.00%,
7/01/41 (b)
47‌
59,536
FN
AL5596
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.557%),
3.99%,
2/01/44 (b)
61‌
104,451
FN
AL5790
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.566%),
5.82%,
10/01/44 (b)
107‌
93,215
FN
AL5967
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.575%),
5.82%,
11/01/44 (b)
95‌
132,408
FN
AL7648
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.588%),
7.03%,
10/01/45 (b)
136‌
333,871
FN
AS4186
15YR
,
2.50%,
1/01/30 
318‌
179,659
FN
AS6443
15YR
,
3.00%,
12/01/30 
173‌
337,176
FN
AS8013
15YR
,
2.50%,
9/01/31 
319‌
59,823
FN
AU6974
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.580%),
5.83%,
11/01/43 (b)
61‌
Principal
or
Shares
Security
Description
Value
(000)
144,632
FN
AU8673
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.530%),
4.03%,
2/01/44 (b)
$
148‌
107,535
FN
AZ2886
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.600%),
7.31%,
9/01/45 (b)
109‌
243,526
FN
AZ4380
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.590%),
5.84%,
8/01/45 (b)
250‌
241,664
FN
BD2473
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.620%),
4.45%,
1/01/47 (b)
249‌
357,047
FN
BM4153
15YR
,
3.00%,
6/01/33 
341‌
1,390,932
FN
BM7166
ARM
,
(U.S.
Secured
Overnight
Financing
Rate
Index
30day
Average
+
2.341%),
5.18%,
3/01/53 (b)
1,401‌
423,650
FN
BP6814
ARM
,
(FTSE
USD
IBOR
Consumer
Cash
Fallbacks
Term
1Year
+
1.610%),
2.28%,
5/01/50 (b)
382‌
768,315
FN
BR9966
ARM
,
(U.S.
Secured
Overnight
Financing
Rate
Index
30day
Average
+
1.610%),
1.92%,
5/01/51 (b)
676‌
835,643
FN
BV2462
ARM
,
(U.S.
Secured
Overnight
Financing
Rate
Index
30day
Average
+
2.130%),
3.79%,
6/01/52 (b)
802‌
1,243,902
FN
FS2395
15YR
,
3.50%,
7/01/37 
1,200‌
1,221,382
FN
MA4694
15YR
,
3.50%,
8/01/37 
1,174‌
1,770,307
FN
MA4876
30YR
,
6.00%,
12/01/52 
1,799‌
941,458
FN
MA5110
15YR
,
5.00%,
8/01/38 
944‌
72,147
FNR
FA
2002-10,
(U.S.
Secured
Overnight
Financing
Rate
Index
30day
Average
+
0.864%),
6.21%,
2/25/32 (b)
72‌
810,364
FR
SB8192
15YR
,
5.00%,
10/01/37 
814‌
1,748,058
FR
SB8206
15YR
,
5.00%,
1/01/38 
1,755‌
1,797,100
FR
SD2184
30YR
,
6.00%,
1/01/53 
1,824‌
872,981
FR
SD8279
30YR
,
6.00%,
11/01/52 
888‌
931,991
FR
SD8308
30YR
,
5.50%,
3/01/53 
935‌
808,157
FRESB
Mortgage
Trust
2021-SB83,
0.63%,
1/25/26 (a)
747‌
481,534
FRESB
Mortgage
Trust
2019-SB59,
3.47%,
1/25/29 (a)
453‌
975,479
FRESB
Mortgage
Trust
2020-SB79,
0.80%,
7/25/40 (a)
912‌
284,966
G2
778200
,
4.00%,
2/20/32 
279‌
288,501
G2
778203
,
4.75%,
2/20/32 
288‌
652,582
G2
AD0857
,
3.75%,
9/20/33 
631‌
241,476
G2
AY5132
,
3.25%,
7/20/37 
229‌
494,500
G2
AY5138
,
3.25%,
12/20/37 
468‌
346,189
GN
728153
,
5.50%,
10/15/29 
347‌
199,554
GN
737791
30YR
,
4.50%,
12/15/40 
198‌
377,188
GNR
ST
2014-79,
20.61%,
7/20/29 (a)(c)
1‌
Total
Mortgage
Backed
(Cost
-
$30,325)
28,574‌
U.S.
Government
Agency
(0%
)
500,000
Federal
Home
Loan
Mortgage
Corp.,
4.00%,
2/28/25
(Cost
-
$500)
496‌
U.S.
Treasury
(55%
)
3,100,000
U.S.
Treasury
Note
,
4.25%,
9/30/24 
3,085‌
4,800,000
U.S.
Treasury
Note
,
4.25%,
12/31/24 
4,777‌
8,500,000
U.S.
Treasury
Note
,
2.88%,
6/15/25 
8,322‌
4,500,000
U.S.
Treasury
Note
,
3.50%,
9/15/25 
4,440‌
1,500,000
U.S.
Treasury
Note
,
4.00%,
12/15/25 
1,493‌
1,400,000
U.S.
Treasury
Note
,
4.00%,
2/15/26 
1,394‌
2
Payden
Mutual
Funds
Payden
U.S.
Government
Fund
continued
Principal
or
Shares
Security
Description
Value
(000)
6,000,000
U.S.
Treasury
Note
,
3.63%,
5/15/26 
$
5,935‌
3,000,000
U.S.
Treasury
Note
,
4.38%,
12/15/26 
3,029‌
2,800,000
U.S.
Treasury
Note
,
4.13%,
1/15/27 
2,800‌
2,500,000
U.S.
Treasury
Note
,
3.25%,
6/30/27 
2,445‌
Total
U.S.
Treasury
(Cost
-
$37,855)
37,720‌
Investment
Company
(1%
)
511,490
Payden
Cash
Reserves
Money
Market
Fund *
(Cost
-
$511)
511‌
Total
Investments
(Cost
-
$69,778)
(99%)
67,903‌
Other
Assets,
net
of
Liabilities
(1%)
428‌
Net
Assets
(100%)
$
68,331‌
*
Affiliated
investment.
(a)
Variable
rate
security.
Interest
rate
disclosed
is
as
of
the
most
recent
information
available.
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.
These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description
above.
(b)
Floating
rate
security.
The
rate
shown
reflects
the
rate
in
effect
at
January
31,
2024.
(c)
Yield
to
maturity
at
time
of
purchase.
Open
Futures
Contracts
Contract
Type
Number
of
Contracts
Expiration
Date
Notional
Amount
(000s)
Current
Value
(000s)
Unrealized
Appreciation
(000s)
Long
Contracts:
U.S.
Treasury
5-Year
Note
Future
30
Mar-24
$
3,252
$
70
$
70