NPORT-EX 2 PR20PR073124.htm
Payden
Floating
Rate
Fund
1
Schedule
of
Investments
-
July
31,
2024
(Unaudited)
Principal
or
Shares
Security
Description
Value
(000)
Asset
Backed
(3%
)
400,000
Cologix
Canadian
Issuer
LP
2022-1CAN
144A,
7.74%,
1/25/52
CAD (a)(b)
$
272‌
10
Exeter
Automobile
Receivables
Trust
2021-2
,
0.00%,
2/15/28 (c)
729‌
750,000
Hotwire
Funding
LLC
2024-1A
144A,
9.19%,
6/20/54 (b)
776‌
840,000
Santander
Bank
Auto
Credit-Linked
Notes
2022-
C
144A,
14.59%,
12/15/32 (b)
937‌
50
Santander
Consumer
Auto
Receivables
Trust
2021-C
,
0.00%,
6/15/28 (c)
589‌
2,910
Santander
Drive
Auto
Receivables
Trust
2023-S1
144A,
0.00%,
4/18/28 (b)(c)
621‌
Total
Asset
Backed
(Cost
-
$4,229)
3,924‌
Bank
Loans(d)
(83%
)
Automotive
(5%)
480,000
American
Axle
&
Manufacturing
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.000%),
8.33%,
12/12/29 
483‌
997,500
Clarios
Global
LP
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.500%),
7.84%,
5/06/30 
1,001‌
1,346,250
Driven
Holdings
LLC
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.000%),
8.46%,
12/15/28 
1,341‌
700,000
Tenneco
Inc.
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
5.000%),
10.43%,
11/17/28 
669‌
1,050,000
Wand
NewCo
3
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
8.60%,
1/30/31 
1,056‌
1,022,438
WestJet
Loyalty
LP
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
2.750%),
9.08%,
2/14/31 
1,025‌
5,575‌
Basic
Industry
(5%)
500,000
American
Airlines
Inc.
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
2.500%),
7.78%,
6/04/29 
498‌
490,000
American
Airlines
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
1.750%),
8.19%,
2/15/28 
489‌
187,500
American
Airlines
Inc.
Term
Loan
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
4.750%),
10.29%,
4/20/28 
194‌
1,017,325
Arsenal
Aic
Parent
LLC
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.750%),
9.09%,
8/18/30 
1,023‌
1,017,450
Ineos
U.S.
Petrochem
LLC
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
9.69%,
4/02/29 
1,019‌
847,854
Mauser
Packaging
Solutions
Holding
Co.
Term
Loan
B1
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.000%),
8.84%,
4/15/27 
852‌
1,016,840
SCIH
Salt
Holdings
Inc.
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
4.000%),
8.76%,
3/16/27 
1,021‌
498,750
Transdigm
Inc.
Term
Loan
J
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
2.500%),
7.84%,
2/28/31 
501‌
Principal
or
Shares
Security
Description
Value
(000)
680,767
Transdigm
Inc.
Term
Loan
K
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
2.750%),
8.09%,
3/22/30 
$
684‌
6,281‌
Capital
Goods
(4%)
664,768
Cimpress
PLC
Term
Loan
B1
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.000%),
8.34%,
5/17/28 
670‌
1,050,000
Husky
Injection
Molding
Systems
Ltd.
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
5.000%),
10.33%,
2/15/29 
1,053‌
1,180,951
Madison
Iaq
LLC
Term
Loan
B
1L,
(6
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
7.89%,
6/21/28 
1,184‌
1,261,502
TK
Elevator
Midco
Gmbh
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.500%),
8.59%,
4/30/30 
1,270‌
1,000,000
Wilsonart
LLC
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
4.250%),
4.25%,
7/25/31 
987‌
5,164‌
Consumer
Goods
(2%)
643,367
Journey
Personal
Care
Corp.
Term
Loan
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
4.250%),
9.71%,
3/01/28 
642‌
598,500
United
Natural
Foods
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.750%),
10.09%,
4/25/31 
604‌
1,020,000
Verde
Purchaser
LLC
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
4.000%),
9.84%,
11/30/30 
1,023‌
2,269‌
Energy
(9%)
1,246,865
Bangl
LLC
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.500%),
9.83%,
2/01/29 
1,259‌
600,000
Calpine
Corp.
Term
Loan
B5
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
1.000%),
7.34%,
12/16/27 
603‌
797,084
CQP
Holdco
LP
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
1.250%),
7.59%,
12/31/30 
800‌
850,000
Epic
Y
Grade
Services
LP
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
4.750%),
11.07%,
6/29/29 
852‌
825,000
NGP
XI
Midstream
Holdings
LLC
Term
Loan
B
1L,
(2
mo.
Term
Secured
Overnight
Financing
Rate
+
5.000%),
9.29%,
7/25/31 
824‌
997,481
NorthRiver
Midstream
Finance
LP
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
2.000%),
7.83%,
8/16/30 
1,002‌
1,036,875
Par
Petroleum
LLC
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.750%),
9.06%,
2/28/30 
1,045‌
997,500
Prairie
ECI
Acquiror
LP
Term
Loan
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
4.750%),
10.09%,
8/01/29 
999‌
302,143
Talen
Energy
Supply
LLC
Term
Loan
C
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.500%),
8.83%,
5/17/30 
306‌
2
Payden
Mutual
Funds
Payden
Floating
Rate
Fund
continued
Principal
or
Shares
Security
Description
Value
(000)
715,629
Talen
Energy
Supply
LLC
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.500%),
8.83%,
5/17/30 
$
725‌
407,035
TerraForm
Power
Operating
LLC
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
1.500%),
7.94%,
5/21/29 
409‌
985,000
U.S.
Silica
Co.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
4.500%),
4.50%,
7/18/31 
984‌
985,000
WaterBridge
Midstream
Operating
LLC
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
4.750%),
10.09%,
6/21/29 
982‌
10,790‌
Financial
Services
(7%)
1,462,500
Albion
Financing
3
SARL
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
9.83%,
8/17/29 
1,476‌
1,037,716
AmWINS
Group
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.250%),
7.71%,
2/19/28 
1,041‌
1,050,000
Boost
Newco
Borrower
LLC
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.000%),
8.34%,
1/31/31 
1,054‌
957,961
Dealer
Tire
Financial
LLC
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.500%),
8.84%,
7/02/31 
963‌
1,025,000
Fiesta
Purchaser
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.000%),
9.34%,
2/12/31 
1,033‌
1,026,053
Naked
Juice
LLC
Term
Loan
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
8.69%,
1/24/29 
917‌
477,500
Nexus
Buyer
LLC
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.750%),
9.19%,
11/09/26 
473‌
498,750
Nexus
Buyer
LLC
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
4.500%),
9.84%,
12/13/28 
499‌
300,000
Nexus
Buyer
LLC
Term
Loan
2L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
6.250%),
11.69%,
11/05/29 
300‌
580,575
Starwood
Property
Mortgage
LLC
Term
Loan
B3
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
8.69%,
7/24/26 
583‌
8,339‌
Healthcare
(10%)
987,500
Amneal
Pharmaceuticals
LLC
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
4.500%),
10.84%,
5/04/28 
998‌
1,301,748
AthenaHealth
Group
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.250%),
8.59%,
2/15/29 
1,301‌
1,022,275
Bausch
&
Lomb
Corp.
Term
Loan
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.000%),
9.34%,
9/29/28 
1,018‌
1,000,000
Concentra
Health
Services
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
1.250%),
2.25%,
7/25/31 
1,004‌
1,211,250
Embecta
Corp.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.000%),
8.34%,
3/30/29 
1,160‌
Principal
or
Shares
Security
Description
Value
(000)
172,829
Fortrea
Holdings
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.750%),
9.09%,
7/01/30 
$
174‌
785,903
Jazz
Financing
Lux
Sarl
Term
Loan
B2
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.250%),
7.59%,
5/05/28 
788‌
1,000,000
LifePoint
Health
Inc.
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.750%),
10.05%,
11/16/28 
1,007‌
1,000,000
Medline
Borrower
LP
Term
Loan
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.750%),
7.59%,
10/23/28 
1,002‌
855,593
Owens
&
Minor
Inc.
Term
Loan
B1
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.750%),
9.19%,
3/29/29 
856‌
1,317,647
Padagis
LLC
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
4.750%),
10.33%,
7/06/28 
1,275‌
1,000,000
Sotera
Health
Holdings
LLC
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.250%),
8.59%,
5/30/31 
1,000‌
1,047,375
Star
Parent
Inc.
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
4.000%),
9.09%,
9/27/30 
1,050‌
12,633‌
Insurance
(5%)
505,708
Alliant
Holdings
Intermediate
LLC
Term
Loan
B6
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.500%),
8.85%,
11/06/30 
509‌
548,625
AssuredPartners
Inc.
Term
Loan
B5
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.500%),
8.84%,
2/14/31 
551‌
1,325,200
Asurion
LLC
Term
Loan
B8
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
8.71%,
12/23/26 
1,322‌
350,000
Asurion
LLC
Term
Loan
B4
2L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
5.250%),
10.71%,
1/20/29 
324‌
1,058,283
HUB
International
Ltd.
Term
Loan
B
1L,
(2
mo.
Term
Secured
Overnight
Financing
Rate
+
2.000%),
8.23%,
6/20/30 
1,061‌
800,000
Truist
Insurance
Holdings
LLC
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
8.59%,
5/06/31 
804‌
350,000
Truist
Insurance
Holdings
LLC
Term
Loan
2L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
4.750%),
10.09%,
5/06/32 
360‌
997,500
USI
Inc.
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
2.750%),
8.09%,
9/27/30 
1,000‌
5,931‌
Leisure
(5%)
331,625
Caesars
Entertainment
Inc.
Term
Loan
B1
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
2.250%),
8.10%,
2/06/30 
333‌
1,033,781
Fertitta
Entertainment
LLC
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.000%),
9.08%,
1/27/29 
1,038‌
1,462,500
Flynn
Restaurant
Group
LP
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
4.250%),
9.71%,
12/01/28 
1,467‌
3
Principal
or
Shares
Security
Description
Value
(000)
582,000
MajorDrive
Holdings
IV
LLC
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
4.000%),
9.60%,
6/01/28 
$
582‌
1,019,875
Ontario
Gaming
GTA
LP
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
9.59%,
8/01/30 
1,026‌
1,047,375
Tacala
Investment
Corp.
Term
Loan
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.000%),
9.34%,
1/31/31 
1,054‌
5,500‌
Media
(10%)
737,751
Advantage
Sales
&
Marketing
Inc.
Term
Loan
B2
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
4.250%),
9.83%,
10/28/27 
712‌
1,111,847
Altice
Financing
SA
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
4.000%),
10.30%,
10/31/27 
963‌
1,356,690
Banijay
Group
U.S.
Holdings
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
8.57%,
3/01/28 
1,362‌
1,194,000
CNT
Holdings
I
Corp.
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.500%),
8.75%,
11/08/27 
1,200‌
486,937
CSC
Holdings
LLC
Term
Loan
B5
1L,
(LIBOR
USD
1-Month
+
2.500%),
7.94%,
4/15/27 
417‌
205,125
E.W.
Scripps
Co.
Term
Loan
B3
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.000%),
8.46%,
1/07/28 
184‌
1,231,900
Endurance
International
Group
Holdings
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.500%),
8.95%,
2/10/28 
1,107‌
1,064,068
Gray
Television
Inc.
Term
Loan
D
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.000%),
8.46%,
12/01/28 
991‌
640,127
McGraw-Hill
Education
Inc.
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
4.750%),
10.35%,
7/28/28 
642‌
1,020,469
MH
Sub
I
LLC
Term
Loan
B3
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
9.59%,
5/03/28 
1,019‌
300,000
MH
Sub
I
LLC
Term
Loan
2L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
6.250%),
11.50%,
2/23/29 
299‌
992,405
Sinclair
Television
Group
Inc.
Term
Loan
B4
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.750%),
9.19%,
4/21/29 
707‌
1,060,000
UPC
Financing
Partnership
Term
Loan
AX
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.000%),
8.44%,
1/31/29 
1,057‌
500,000
Virgin
Media
Bristol
LLC
Term
Loan
Y
1L,
(6
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
8.66%,
3/31/31 
479‌
600,000
Virgin
Media
Bristol
LLC
Term
Loan
Q
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
8.69%,
1/31/29 
578‌
11,717‌
Real
Estate
(1%)
992,513
Greystar
Real
Estate
Partners
LLC
Term
Loan
B1
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
2.250%),
8.58%,
8/21/30 
997‌
Principal
or
Shares
Security
Description
Value
(000)
Retail
(5%)
1,037,080
Evergreen
AcqCo
1
LP
Term
Loan
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
5.750%),
9.09%,
4/26/28 
$
1,045‌
691,250
Hanesbrands
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.750%),
9.09%,
3/08/30 
694‌
525,000
Harbor
Freight
Tools
USA
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.500%),
7.84%,
6/11/31 
519‌
1,040,339
IRB
Holding
Corp.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.750%),
8.19%,
12/15/27 
1,042‌
770,000
MIC
Glen
LLC
Term
Loan
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
8.96%,
7/21/28 
772‌
219,450
MIC
Glen
LLC
Term
Loan
B2
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
9.71%,
7/21/28 
221‌
485,000
Michaels
Cos.
Inc.
Term
Loan
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
4.250%),
9.85%,
4/15/28 
398‌
679,000
PetsMart
LLC
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.500%),
9.19%,
2/11/28 
675‌
971,873
Whatabrands
LLC
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.750%),
8.09%,
8/03/28 
974‌
6,340‌
Service
(2%)
1,000,000
ABG
Intermediate
Holdings
2
LLC
Term
Loan
B1
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
1.750%),
2.75%,
12/21/28 
1,005‌
810,285
Adtalem
Global
Education
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.500%),
8.84%,
8/11/28 
816‌
1,246,875
Omnia
Partners
LLC
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
2.750%),
8.53%,
7/25/30 
1,252‌
3,073‌
Technology
(6%)
1,000,000
Amazon
Holdco
Inc.
Term
Loan
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
2.750%),
2.25%,
7/30/31 
1,004‌
647,535
Boxer
Parent
Co.
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
4.250%),
9.34%,
12/29/28 
646‌
1,237,487
Cloud
Software
Group
Inc.
Term
Loan
B
1L,
(2
mo.
Term
Secured
Overnight
Financing
Rate
+
3.000%),
9.34%,
3/30/29 
1,238‌
985,000
Darktrace
PLC
Term
Loan
2L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
5.250%),
5.25%,
7/02/32 
978‌
1,000,000
Fortress
Intermediate
3
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.750%),
9.10%,
6/27/31 
1,002‌
850,000
Modena
Buyer
LLC
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.500%),
9.83%,
7/01/31 
820‌
4
Payden
Mutual
Funds
Payden
Floating
Rate
Fund
continued
Principal
or
Shares
Security
Description
Value
(000)
1,327,719
Peraton
Corp.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.750%),
9.19%,
2/01/28 
$
1,330‌
7,018‌
Telecommunications
(4%)
1,310,000
Frontier
Communications
Term
Loan
B
1L,
(6
mo.
Term
Secured
Overnight
Financing
Rate
+
3.500%),
8.76%,
7/01/31 
1,321‌
1,114,972
Gogo
Intermediate
Holdings
LLC
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.750%),
9.21%,
4/30/28 
1,115‌
997,500
Iridium
Satellite
LLC
Term
Loan
B4
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
1.250%),
7.60%,
9/20/30 
991‌
1,132,262
Numericable
U.S.
LLC
Term
Loan
B14-EXT
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
4.500%),
10.80%,
8/15/28 
867‌
278,025
Univision
Communications
Inc.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.250%),
8.71%,
3/15/26 
278‌
650,000
Zegona
Holdco
Ltd.
Term
Loan
B
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
4.250%),
4.25%,
7/10/29 
648‌
5,220‌
Transportation
(2%)
199,306
Delta
Air
Lines
Inc.
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.750%),
9.03%,
10/20/27 
204‌
640,294
First
Student
Bidco
Inc.
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.000%),
8.60%,
7/21/28 
642‌
195,270
First
Student
Bidco
Inc.
Term
Loan
C
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.000%),
8.60%,
7/21/28 
196‌
615,601
Spirit
Aerosystems
Inc.
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
3.500%),
9.50%,
1/15/27 
624‌
997,500
United
AirLines
Inc.
Term
Loan
B
1L,
(3
mo.
Term
Secured
Overnight
Financing
Rate
+
1.750%),
8.03%,
2/22/31 
1,003‌
2,669‌
Utility
(1%)
1,044,750
Conservice
Midco
LLC
Term
Loan
1L,
(1
mo.
Term
Secured
Overnight
Financing
Rate
+
3.500%),
8.84%,
5/13/27 
1,050‌
Total
Bank
Loans
(Cost
-
$100,540)
100,566‌
Corporate
Bond
(8%
)
500,000
Aethon
United
BR
LP/Aethon
United
Finance
Corp.
144A,
8.25%,
2/15/26 (b)
507‌
700,000
Ally
Financial
Inc.
B,
(5
yr.
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
3.868%),
4.70% (e)(f)
644‌
500,000
ARD
Finance
SA
144A,
6.50%,
6/30/27 (b)
127‌
250,000
Athabasca
Oil
Corp.
144A,
6.75%,
8/09/29
CAD (a)(b)
182‌
528,872
Borr
IHC
Ltd./Borr
Finance
LLC
144A,
10.00%,
11/15/28 (b)
554‌
Principal
or
Shares
Security
Description
Value
(000)
675,000
Frontera
Energy
Corp.
144A,
7.88%,
6/21/28 (b)
$
546‌
650,000
Geopark
Ltd.
144A,
5.50%,
1/17/27 (b)
611‌
600,000
Global
Marine
Inc.
,
7.00%,
6/01/28 
565‌
650,000
Gran
Tierra
Energy
Inc.
144A,
9.50%,
10/15/29 (b)
617‌
1,000,000
Hess
Midstream
Operations
LP
144A,
6.50%,
6/01/29 (b)
1,020‌
675,000
Icahn
Enterprises
LP/Icahn
Enterprises
Finance
Corp.
,
5.25%,
5/15/27 
648‌
450,000
International
Petroleum
Corp.
144A,
7.25%,
2/01/27 (b)(g)
442‌
675,000
MPT
Operating
Partnership
LP/MPT
Finance
Corp.
,
5.25%,
8/01/26 
607‌
650,000
Navient
Corp.
,
5.00%,
3/15/27 
629‌
500,000
Tullow
Oil
PLC
144A,
10.25%,
5/15/26 (b)
483‌
600,000
W&T
Offshore
Inc.
144A,
11.75%,
2/01/26 (b)
617‌
Total
Corporate
Bond
(Cost
-
$9,081)
8,799‌
Mortgage
Backed
(2%
)
661,021
Freddie
Mac
STACR
Debt
Notes
2015-HQA2,
(U.S.
Secured
Overnight
Financing
Rate
Index
30day
Average
+
10.614%),
15.96%,
5/25/28 (f)
720‌
489,904
Freddie
Mac
STACR
Debt
Notes
2017-HQA1,
(U.S.
Secured
Overnight
Financing
Rate
Index
30day
Average
+
12.864%),
18.21%,
8/25/29 (f)
581‌
658,989
STACR
Trust
2018-HRP1
144A,
(U.S.
Secured
Overnight
Financing
Rate
Index
30day
Average
+
11.864%),
17.21%,
5/25/43 (b)(f)
805‌
Total
Mortgage
Backed
(Cost
-
$1,842)
2,106‌
Investment
Company
(9%
)
11,176,366
Payden
Cash
Reserves
Money
Market
Fund *
(Cost
-
$11,176)
11,176‌
Total
Investments
(Cost
-
$126,868)
(105%)
126,571‌
Liabilities
in
excess
of
Other
Assets
(-5%)
(5,620‌)
Net
Assets
(100%)
$
120,951‌
*
Affiliated
investment.
(a)
Principal
in
foreign
currency.
(b)
Security
offered
only
to
qualified
institutional
investors,
and
thus
is
not
registered
for
sale
to
the
public
under
rule
144A
of
the
Securities
Act
of
1933.
It
has
been
deemed
liquid
under
guidelines
approved
by
the
Board.
(c)
Yield
to
maturity
at
time
of
purchase.
(d)
Floating
rate
security.
The
rate
shown
reflects
the
rate
in
effect
at
July
31,
2024.
The
stated
maturity
is
subject
to
prepayments.
(e)
Perpetual
security
with
no
stated
maturity
date.
(f)
Floating
rate
security.
The
rate
shown
reflects
the
rate
in
effect
at
July
31,
2024.
(g)
Security
offered
and
sold
outside
the
United
States,
and
thus
is
exempt
from
registration
under
Regulation
S
of
the
Securities
Act
of
1933.
It
has
been
deemed
liquid
under
guidelines
approved
by
the
Board.
5
Open
Forward
Currency
Contracts
to
USD
Currency
Purchased
(000s)
Currency
Sold
(000s)
Counterparty
Settlement
Date
Unrealized
Appreciation
(000s)
Assets:
USD
251
CAD  343
Citibank,
N.A.
09/26/2024
$
2
Liabilities:
USD
173
CAD  240
State
Street
Bank
&
Trust
Co.
09/26/2024
–
Net
Unrealized
Appreciation
$2