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
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
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