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