NPORT-P false 0000885709 XXXXXXXX S000045226 C000140808 C000140807 PAYDEN & RYGEL INVESTMENT GROUP 811-06625 0000885709 549300QJNYRKYZS3P282 333 South Grand Avenue 32nd Floor Los Angeles 90071 213-625-1900 Payden Strategic Income Fund S000045226 5493002EUNEMBLRCKL57 2019-10-31 2019-10-31 N 170297569.49 5664208.17 164633361.32 0 0 0 0 0 0 0 0 0 0 2079721.84 1311493.33 0 40524.4 USD N LoanCore 2019-CRE2 Issuer, Ltd N/A 53946JAC8 490000.00000000 PA USD 490735.00000000 0.298077495390 Long ABS-CBDO CORP KY N 2 2036-05-15 Floating 3.41350000 N N N N N N ORANGE SA 969500MCOONR8990S771 685218AC3 430000.00000000 PA USD 430000.00000000 0.261186430594 Long DBT CORP FR N 2 2019-11-03 Fixed 1.62500000 N N N N N N BX Trust N/A 056059AS7 471167.21000000 PA USD 473750.71000000 0.287761062643 Long ABS-MBS CORP US N 2 2035-11-15 Floating 3.96350000 N N N N N N REPUBLIC OF SENEGAL 549300NP14ZLQGWIUZ97 81720TAA3 294000.00000000 PA USD 319536.84000000 0.194089969030 Long DBT NUSS SN N 2 2021-05-13 Fixed 8.75000000 N N N N N N SHIRE ACQ INV IRELAND DA 549300XK5HGW68R8K327 82481LAB5 555000.00000000 PA USD 558612.29000000 0.339306860724 Long DBT CORP IE N 2 2021-09-23 Fixed 2.40000000 N N N N N N BAYER US FINANCE II LLC 529900XWNEXYNJ3X6T40 07274NAA1 350000.00000000 PA USD 357093.43000000 0.216902228768 Long DBT CORP US N 2 2021-06-25 Fixed 3.50000000 N N N N N N CALIFORNIA ST POLL CONTROL FIN N/A 130536RF4 1000000.00000000 PA USD 1029295.00000000 0.625204388556 Long DBT MUN US N 2 2028-12-01 Fixed 6.75000000 N N N N N N SLM CORP 4K8SLPBF5DXXGPW03H93 78442PGC4 580000.00000000 PA USD 600300.00000000 0.364628405316 Long DBT CORP US N 2 2022-04-05 Fixed 5.12500000 N N N N N N COVANTA HOLDING CORP 40XIFLS8XDQGGHGPGC04 22282EAF9 500000.00000000 PA USD 515000.00000000 0.312816306410 Long DBT CORP US N 2 2024-03-01 Fixed 5.87500000 N N N N N N REPUBLIC OF SENEGAL 549300NP14ZLQGWIUZ97 000000000 350000.00000000 PA 404690.67000000 0.245813282772 Long DBT NUSS SN N 2 2028-03-13 Fixed 4.75000000 N N N N N N AT&T INC 549300Z40J86GGSTL398 00206RGD8 600000.00000000 PA USD 610832.03000000 0.371025668857 Long DBT CORP US N 2 2024-06-12 Floating 3.31163000 N N N N N N STATE OF QATAR 52990074F6OJOAXK4P65 74727PAY7 350000.00000000 PA USD 447048.00000000 0.271541561452 Long DBT NUSS QA N 2 2048-04-23 Fixed 5.10300000 N N N N N N BLUE CROSS BLUE SHIELD M XHK82HP57BJNZ0CZTH48 05490LAA7 500000.00000000 PA USD 518878.76000000 0.315172305199 Long DBT CORP US N 2 2025-05-01 Fixed 3.79000000 N N N N N N Fannie Mae - CAS N/A 30711XNS9 122892.81000000 PA USD 122880.80000000 0.074639064047 Long ABS-MBS CORP US N 2 2030-01-25 Floating 2.37275000 N N N N N N COMERICA BANK 70WY0ID1N53Q4254VH70 20034DJA8 390000.00000000 PA USD 395967.59000000 0.240514794100 Long DBT CORP US N 2 2024-07-23 Fixed 2.50000000 N N N N N N BCAP LLC Trust N/A 05530NAV9 427923.17000000 PA USD 350982.71000000 0.213190514477 Long ABS-MBS CORP US N 2 2037-04-25 Fixed 6.00000000 N N N N N N ITALY GOV'T INT BOND 815600DE60799F5A9309 465410BZ0 350000.00000000 PA USD 350424.37000000 0.212851373008 Long DBT NUSS IT N 2 2049-10-17 Fixed 4.00000000 N N N N N N DOMINICAN REPUBLIC 254900EHU7Q8FGVPI369 25714PAK4 406666.67000000 PA USD 424462.40000000 0.257822835297 Long DBT NUSS DO N 2 2021-05-06 Fixed 7.50000000 N N N N N N Magellan Midstream Partners LP MZF5TI8NFVZZNUSKDL39 559080106 4000.00000000 NS USD 249280.00000000 0.151415240508 Long EC CORP US N 1 N N N EQM MIDSTREAM PARTNERS L 549300NELT611CL6XM83 26885BAD2 355000.00000000 PA USD 351504.94000000 0.213507722360 Long DBT CORP US N 2 2023-07-15 Fixed 4.75000000 N N N N N N CANADIAN IMPERIAL BANK 2IGI19DL77OX0HC3ZE78 13607GAP9 550000.00000000 PA USD 569952.13000000 0.346194796382 Long DBT CORP CA N 2 2024-04-02 Fixed 3.10000000 N N N N N N ENRGY TRANS PT/REG FIN N/A 75886AAQ1 370000.00000000 PA USD 393145.69000000 0.238800742964 Long DBT CORP US N 2 2022-10-01 Fixed 5.00000000 N N N N N N NORTHWELL HEALTHCARE INC 54930073NUTKK4QD3P47 667274AC8 500000.00000000 PA USD 554106.48000000 0.336569985303 Long DBT CORP US N 2 2047-11-01 Fixed 4.26000000 N N N N N N ENVIVA PARTNERS LP/FIN C N/A 29413XAB3 500000.00000000 PA USD 512812.50000000 0.311487596370 Long DBT CORP US N 2 2021-11-01 Fixed 8.50000000 N N N N N N MYLAN NV 549300A0CD4KNFGIIS89 62854AAM6 375000.00000000 PA USD 379810.65000000 0.230700902268 Long DBT CORP US N 2 2021-06-15 Fixed 3.15000000 N N N N N N Freddie Mac - STACR 549300YG8OJES76WL398 35564ABF7 660000.00000000 PA USD 675101.06000000 0.410063339888 Long ABS-MBS CORP US N 2 2047-02-25 Floating 4.22275000 N N N N N N Freddie Mac - STACR N/A 3137G0HM4 331636.95000000 PA USD 439761.64000000 0.267115751311 Long ABS-MBS CORP US N 2 2028-05-25 Floating 12.32275000 N N N N N N BlackRock European CLO DAC 635400IDVZFM7YPKHY80 000000000 700000.00000000 PA 781459.26000000 0.474666406452 Long ABS-CBDO CORP IE N 2 2031-10-15 Floating 1.70000000 N N N N N N Michaels Stores Inc BV4WJ23XIGNG4UDYEK73 594088AQ9 387439.98870000 PA USD 378410.70000000 0.229850558213 Long LON CORP US N 2 2023-01-30 Floating 4.30582000 N N N N N N CIFC Funding Ltd 549300JZARV9CBLL1S14 12552MAJ7 400000.00000000 PA USD 374000.80000000 0.227171939515 Long ABS-CBDO CORP KY N 2 2031-04-24 Floating 4.83600000 N N N N N N KEURIG DR PEPPER INC DYTQ8KRTKO7Y2BVU5K74 49271VAG5 310000.00000000 PA USD 328936.58000000 0.199799467958 Long DBT CORP US N 2 2023-05-25 Fixed 4.05700000 N N N N N N CDW LLC 549300RU2J599RPFD076 12512YAF8 476366.85400000 PA USD 478665.32000000 0.290746247396 Long LON CORP US N 2 2024-08-30 Floating 3.54000000 N N N N N N Banc of America Funding Corpor N/A 05946XH55 200260.79000000 PA USD 181374.96000000 0.110169019538 Long ABS-MBS CORP US N 2 2035-11-20 Variable 3.92182300 N N N N N N CHURCHILL DOWNS INC 529900FODTBQC8MIS994 171484AE8 500000.00000000 PA USD 520000.00000000 0.315853357928 Long DBT CORP US N 2 2028-01-15 Fixed 4.75000000 N N N N N N Government National Mortgage A 549300M8ZYFG0OCMTT87 36179SGK7 1533214.76000000 PA USD 1586142.51000000 0.963439303724 Long ABS-MBS USGA US N 2 2046-07-20 Fixed 3.00000000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 000000000 1.00000000 NC USD -15434.92000000 -0.00937532944 N/A DFE CORP US N 2 BARCLAYS PLC 213800LBQA1Y9L22JB70 -1995000.00000000 PLN 506871.35000000 USD 2019-12-09 -15434.92 N N N GOBP Holdings Inc N/A 3621LEAL0 317370.69000000 PA USD 319008.32000000 0.193768940536 Long LON CORP US N 2 2025-10-22 Floating 5.32300000 N N N N N N New Residential Mortgage Loan N/A 64829EAA2 372893.72000000 PA USD 391209.51000000 0.237624687282 Long ABS-MBS CORP US N 2 2055-08-25 Variable 3.75000000 N N N N N N Sterigenics-Nordion Holdings LLC 549300OVT7MBXFLOFU20 85915JAE3 979899.50880000 PA USD 965509.68000000 0.586460527962 Long LON CORP US N 2 2022-05-15 Floating 4.92713000 N N N N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 61744YAJ7 980000.00000000 PA USD 989079.46000000 0.600777055190 Long DBT CORP US N 2 2022-07-22 Floating 2.88325000 N N N N N N FIVE CORNERS FUNDING TRS N/A 33829TAA4 770000.00000000 PA USD 837447.89000000 0.508674477205 Long DBT CORP US N 2 2023-11-15 Fixed 4.41900000 N N N N N N BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC USD -61283.00000000 -0.03722392564 N/A DFE CORP US N 2 BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 -2482561.63000000 USD 22264000.00000000 NOK 2019-11-25 -61283 N N N CROWN EURO HOLDINGS SA 85OKW2SW05RZFQS1W718 000000000 275000.00000000 PA 329511.11000000 0.200148443400 Long DBT CORP FR N 2 2026-02-01 Fixed 2.87500000 N N N N N N Freddie Mac - STACR N/A 35564XAH4 290000.00000000 PA USD 289904.01000000 0.176090682760 Long ABS-MBS CORP US N 2 2049-09-25 Floating 3.67175000 N N N N N N ENCOMPASS HEALTH CORP 549300FVRPM9DRQZRG64 421924BK6 458000.00000000 PA USD 464011.25000000 0.281845214286 Long DBT CORP US N 2 2024-11-01 Fixed 5.75000000 N N N N N N VISTRA OPERATIONS CO LLC 549300ZH5GKBTJZ7NM23 92840VAD4 445000.00000000 PA USD 456224.58000000 0.277115510697 Long DBT CORP US N 2 2024-07-15 Fixed 3.55000000 N N N N N N LOS ANGELES CA MUNI IMPT CORPL 549300ZJ0YLTZNSR8F57 544587C48 1500000.00000000 PA USD 1543201.50000000 0.937356491799 Long DBT MUN US N 2 2021-11-01 Fixed 3.43200000 N N N N N N SBA COMMUNICATIONS CORP 5299001HX8ZN8Y8QIT49 78410GAB0 500000.00000000 PA USD 512575.00000000 0.311343336423 Long DBT CORP US N 2 2022-10-01 Fixed 4.00000000 N N N N N N INDONESIA ASAHAN ALUMINI 2549008P48EB9SN2OI80 74445PAA0 570000.00000000 PA USD 597641.47000000 0.363013586801 Long DBT CORP ID N 2 2021-11-15 Fixed 5.23000000 N N N N N N FS KKR CAPITAL CORP 549300TYRSI1T21B1360 302635AC1 415000.00000000 PA USD 430795.71000000 0.261669753047 Long DBT CORP US N 2 2022-05-15 Fixed 4.75000000 N N N N N N MERITAGE HOMES CORP 52990044W9UMFJO2FB97 59001ABA9 530000.00000000 PA USD 572400.00000000 0.347681657842 Long DBT CORP US N 2 2027-06-06 Fixed 5.12500000 N N N N N N Countrywide Home Loans N/A 12669GJF9 176597.11000000 PA USD 160209.75000000 0.097313052904 Long ABS-MBS CORP US N 2 2035-02-25 Variable 2.83082800 N N N N N N US BANCORP N1GZ7BBF3NP8GI976H15 902973833 3550.00000000 NS USD 97128.00000000 0.058996547978 Long EP CORP US N 1 N N N LCM Ltd Partnership N/A 50189CAS0 500000.00000000 PA USD 496421.50000000 0.301531534082 Long ABS-CBDO CORP KY N 2 2028-04-20 Floating 3.96588000 N N N N N N PETROLEOS MEXICANOS 549300CAZKPF4HKMPX17 71654QCQ3 160000.00000000 PA USD 171000.00000000 0.103867161934 Long DBT CORP MX N 2 2027-01-23 Fixed 6.49000000 N N N N N N CALIFORNIA ST POLL CONTROL FIN N/A 130536RK3 250000.00000000 PA USD 243648.75000000 0.147994761235 Long DBT MUN US N 2 2039-12-01 Fixed 7.50000000 N N N N N N LEVEL 3 PARENT LLC N/A 52729NBX7 420000.00000000 PA USD 422100.00000000 0.256387889195 Long DBT CORP US N 2 2022-12-01 Fixed 5.75000000 N N N N N N STATE STREET GLOBAL MARKETS LLC 549300FDEDF5ORXCMQ56 000000000 1.00000000 NC USD -11724.72000000 -0.00712171573 N/A DFE CORP US N 2 STATE STREET GLOBAL MARKETS LLC 549300FDEDF5ORXCMQ56 -1350000.00000000 CAD 1013410.57000000 USD 2019-12-09 -11724.72 N N N SANTANDER HOLDINGS USA 549300SMVCQN2P0O6I58 80282KAY2 850000.00000000 PA USD 853877.35000000 0.518653900493 Long DBT CORP US N 2 2026-10-05 Fixed 3.24400000 N N N N N N SENIOR HOUSING PROP TRUS N/A 81721MAE9 160000.00000000 PA USD 160483.99000000 0.097479629106 Long DBT CORP US N 2 2020-04-15 Fixed 6.75000000 N N N N N N Bank N/A 06035RBH8 13364877.50000000 PA USD 477516.38000000 0.290048369401 Long ABS-MBS CORP US N 2 2060-09-15 Variable 0.52283400 N N N N N N Focus Brands Funding LLC N/A 34417MAA5 380250.00000000 PA USD 383991.74000000 0.233240539415 Long ABS-O CORP US N 2 2047-04-30 Fixed 3.85700000 N N N N N N SYNCHRONY FINANCIAL 549300RS7EWPM9MA6C78 87165BAQ6 335000.00000000 PA USD 338997.73000000 0.205910714135 Long DBT CORP US N 2 2022-07-25 Fixed 2.85000000 N N N N N N ZIONS BANCORP NA 8WH0EE09O9V05QJZ3V89 98971DAA8 625000.00000000 PA USD 640672.36000000 0.389150992765 Long DBT CORP US N 2 2022-03-04 Fixed 3.35000000 N N N N N N HCA INC L3CJ6J7LJ2DX62FTXD46 404119BN8 500000.00000000 PA USD 545441.70000000 0.331306908652 Long DBT CORP US N 2 2024-03-15 Fixed 5.00000000 N N N N N N STANDARD INDUSTRIES INC 54930064UHXCIUWVI755 853496AD9 500000.00000000 PA USD 520625.00000000 0.316232989368 Long DBT CORP US N 2 2028-01-15 Fixed 4.75000000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 912810RT7 1000000.00000000 PA USD 1014316.41000000 0.616106238655 Long DBT UST US N 2 2046-08-15 Fixed 2.25000000 N N N N N N BRIT COL MUNI FIN AUTH 549300XJ89QPG8565B79 62620DAH4 500000.00000000 PA 391598.97000000 0.237861249299 Long DBT NUSS CA N 2 2029-10-09 Fixed 2.55000000 N N N N N N CABLE ONDA SA 5299008Q5GONPYNF9J32 12686LAA7 500000.00000000 PA USD 507635.00000000 0.308342729523 Long DBT CORP PA N 2 2030-01-30 Fixed 4.50000000 N N N N N N REGIONS BANK EQTWLK1G7ODGC2MGLV11 759187CE5 450000.00000000 PA USD 450456.04000000 0.273611640063 Long DBT CORP US N 2 2021-08-13 Floating 2.67563000 N N N N N N EQUINIX INC 549300EVUN2BTLJ3GT74 000000000 275000.00000000 PA 317327.16000000 0.192747786630 Long DBT CORP US N 2 2025-10-01 Fixed 2.87500000 N N N N N N CYRUSONE LP/CYRUSONE FIN N/A 23283PAG9 500000.00000000 PA USD 516250.00000000 0.313575569289 Long DBT CORP US N 2 2024-03-15 Fixed 5.00000000 N N N N N N REPUBLIC OF GHANA 213800PP4399SNNXZ126 37443GAA9 430000.00000000 PA USD 447548.30000000 0.271845448827 Long DBT NUSS GH N 2 2027-03-26 Fixed 7.87500000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 31418CNY6 1347938.35000000 PA USD 1380148.64000000 0.838316504585 Long ABS-MBS USGSE US N 2 2047-08-01 Fixed 3.00000000 N N N N N N COMETA ENERGIA SA N/A 20039FAA7 290700.00000000 PA USD 315772.88000000 0.191803700943 Long DBT CORP MX N 2 2035-04-24 Fixed 6.37500000 N N N N N N TERRAFORM POWER OPERATIN 5493000S2OLR3UT5BE13 88104LAG8 330000.00000000 PA USD 342375.00000000 0.207962102732 Long DBT CORP US N 2 2030-01-15 Fixed 4.75000000 N N N N N N EMERA US FINANCE LP N/A 29103DAF3 430000.00000000 PA USD 433908.41000000 0.263560439099 Long DBT CORP US N 2 2021-06-15 Fixed 2.70000000 N N N N N N CPPIB CAPITAL INC 549300KW9NB55HTDK075 12593CAJ0 830000.00000000 PA 623190.04000000 0.378532051464 Long DBT NUSS CA N 2 2029-09-30 Fixed 1.95000000 N N N N N N 1011778 BC / NEW RED FIN N/A 68245XAE9 430000.00000000 PA USD 441825.00000000 0.268369057436 Long DBT CORP CA N 2 2025-10-15 Fixed 5.00000000 N N N N N N LATAM AIR 2015-1 PTT A N/A 51817TAB8 465775.82800000 PA USD 483824.64000000 0.293880071524 Long DBT CORP CL N 2 2027-11-15 Fixed 4.20000000 N N N N N N BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC USD -7468.45000000 -0.00453641348 N/A DFE CORP US N 2 BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 -1114000.00000000 CAD 838359.10000000 USD 2019-11-20 -7468.45 N N N ENSTAR GROUP LTD 213800AMAL5QFXVUCN04 29359UAA7 425000.00000000 PA USD 441230.84000000 0.268008158530 Long DBT CORP BM N 2 2022-03-10 Fixed 4.50000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -2063.19000000 -0.00125320286 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1233000.00000000 AUD 848398.94000000 USD 2019-11-21 -2063.19 N N N GOODYEAR TIRE & RUBBER 5493002BI0S2ZQUY3437 382550BE0 500000.00000000 PA USD 509310.00000000 0.309360141781 Long DBT CORP US N 2 2023-11-15 Fixed 5.12500000 N N N N N N Tacala Investment Corp 549300XTM341KBSTDI88 000000000 788000.00000000 PA USD 776999.52000000 0.471957514424 Long LON CORP US N 2 2025-01-31 Floating 4.78588000 N N N N N N MPT OPER PARTNERSP/FINL N/A 55342UAE4 500000.00000000 PA USD 513750.00000000 0.312057043530 Long DBT CORP US N 2 2024-05-01 Fixed 5.50000000 N N N N N N MIDWEST CONNECTOR CAPIT N/A 59833CAA0 940000.00000000 PA USD 990310.02000000 0.601524510014 Long DBT CORP US N 2 2024-04-01 Fixed 3.90000000 N N N N N N MITSUBISHI UFJ FIN GRP 353800V2V8PUY9TK3E06 606822BD5 830000.00000000 PA USD 867214.65000000 0.526755113937 Long DBT CORP JP N 2 2024-03-07 Fixed 3.40700000 N N N N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 06051GGK9 645000.00000000 PA USD 656417.13000000 0.398714528293 Long DBT CORP US N 2 2023-04-24 Floating 2.88100000 N N N N N N BNP PARIBAS SA QHSFEYI7HUOXXZ413E03 000000000 41733000.00000000 NC USD 134.73000000 0.000081836390 N/A DIR CORP FR N 2 BNP PARIBAS SA QHSFEYI7HUOXXZ413E03 Call Purchased BNP PARIBAS SA QHSFEYI7HUOXXZ413E03 BNP PARIBAS SA QHSFEYI7HUOXXZ413E03 000000000 0.00000000 NC USD 0.00000000 0.00000000 DIR CORP FR US 2030-02-06 0.00000000 USD 0.00000000 USD 0.00000000 USD 41733000.00000000 USD 0.205 USD 2020-02-06 XXXX -46599 N N N Citigroup Commercial Mortgage N/A 17327GAU8 9650413.33000000 PA USD 581390.12000000 0.353142349362 Long ABS-MBS CORP US N 2 2051-11-10 Variable 0.78778700 N N N N N N Freddie Mac - STACR 5493005RUXPCBST1N217 35563XAA0 881834.79000000 PA USD 882943.26000000 0.536308833714 Long ABS-MBS USGSE US N 2 2048-10-25 Floating 2.57275000 N N N N N N COOPERATIEVE RABOBANK UA DG3RU1DBUFHT4ZF9WN62 21684AAA4 750000.00000000 PA USD 808825.19000000 0.491288754305 Long DBT CORP NL N 2 2023-12-01 Fixed 4.62500000 N N N N N N COMISION FEDERAL DE ELEC 4469000001BFPONMPF32 200447AD2 700000.00000000 PA USD 748132.00000000 0.454423085334 Long DBT CORP MX N 2 2024-01-15 Fixed 4.87500000 N N N N N N VEREIT OPERATING PARTNER 5493005TQOUJE1LCS698 03879QAF1 505000.00000000 PA USD 544913.14000000 0.330985855862 Long DBT CORP US N 2 2024-02-06 Fixed 4.60000000 N N N N N N EVERGY INC 549300PGTHDQY6PSUI61 30034WAA4 375000.00000000 PA USD 377637.83000000 0.229381109012 Long DBT CORP US N 2 2024-09-15 Fixed 2.45000000 N N N N N N INTL LEASE FINANCE CORP N/A 459745GQ2 475000.00000000 PA USD 491395.04000000 0.298478410487 Long DBT CORP US N 2 2021-04-15 Fixed 4.62500000 N N N N N N ORANGE SA 969500MCOONR8990S771 35177PAL1 250000.00000000 PA USD 390431.97000000 0.237152401475 Long DBT CORP FR N 2 2031-03-01 Variable 9.00000000 N N N N N N CIGNA CORP 549300VIWYMSIGT1U456 125523AF7 400000.00000000 PA USD 419369.78000000 0.254729525436 Long DBT CORP US N 2 2023-07-15 Fixed 3.75000000 N N N N N N KREF 2018--FL1 Ltd. 549300N45646UZ8P3S07 48275PAA9 500000.00000000 PA USD 502062.50000000 0.304957935605 Long ABS-CBDO CORP KY N 2 2036-06-15 Floating 2.97750000 N N N N N N Government National Mortgage A 549300M8ZYFG0OCMTT87 36179R7J2 574124.02000000 PA USD 602690.09000000 0.366080170609 Long ABS-MBS USGA US N 2 2046-04-20 Fixed 3.50000000 N N N N N N POLAND GOVERNMENT BOND 259400R9L8QEP0TPXS31 000000000 1900000.00000000 PA 514167.15000000 0.312310424738 Long DBT NUSS PL N 2 2024-04-25 Fixed 2.50000000 N N N N N N Wingstop Funding LLC N/A 974153AA6 447750.00000000 PA USD 467325.63000000 0.283858402849 Long ABS-O CORP US N 2 2048-12-05 Fixed 4.97000000 N N N N N N Numericable U.S. LLC 5493001ZMCICV4N02J21 67053NAK0 680251.68000000 PA USD 660374.73000000 0.401118415310 Long LON CORP FR N 2 2025-07-31 Floating 4.53588000 N N N N N N BROADCOM INC 549300WV6GIDOZJTV909 11135FAC5 335000.00000000 PA USD 341286.25000000 0.207300784764 Long DBT CORP US N 2 2022-10-15 Fixed 3.12500000 N N N N N N TOLEDO HOSPITAL/THE 5493009DCR7NWV6K4T34 889184AC1 815000.00000000 PA USD 893168.99000000 0.542520047479 Long DBT CORP US N 2 2028-11-15 Fixed 5.32500000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -4297.59000000 -0.00261040044 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -850126.64000000 USD 1114000.00000000 CAD 2019-11-21 -4297.59 N N N WAMU Mortgage Pass-Through Cer N/A 93363EAA3 203585.48000000 PA USD 198119.17000000 0.120339625220 Long ABS-MBS CORP US N 2 2036-09-25 Variable 3.72658800 N N N N N N DTE ENERGY CO 549300IX8SD6XXD71I78 233331BA4 380000.00000000 PA USD 398736.61000000 0.242196725379 Long DBT CORP US N 2 2023-08-01 Fixed 3.70000000 N N N N N N Credit Suisse Mortgage Trust N/A 22942KAV2 93595.09000000 PA USD 73580.46000000 0.044693529555 Long ABS-MBS CORP US N 2 2036-08-25 Fixed 6.00000000 N N N N N N DAVITA INC M2XHYMU3TZNEZURC6H66 23918KAQ1 300000.00000000 PA USD 306981.00000000 0.186463422442 Long DBT CORP US N 2 2024-07-15 Fixed 5.12500000 N N N N N N FORD MOTOR CREDIT CO LLC UDSQCVRUX5BONN0VY111 345397ZC0 700000.00000000 PA USD 681789.16000000 0.414125760741 Long DBT CORP US N 2 2023-02-15 Floating 3.39313000 N N N N N N SIRIUS XM RADIO INC WP5O65E6BMU84LNO4227 82967NBA5 450000.00000000 PA USD 474750.00000000 0.288368041685 Long DBT CORP US N 2 2027-08-01 Fixed 5.00000000 N N N N N N CODELCO INC 549300UVMBCBCIPSUI70 21987BBA5 400000.00000000 PA USD 397439.14000000 0.241408628733 Long DBT CORP CL N 2 2050-01-30 Fixed 3.70000000 N N N N N N ANTERO RESOURCES CORP APVBKPOULHUX7YZLKU17 03674XAC0 340000.00000000 PA USD 256275.00000000 0.155664075583 Long DBT CORP US N 2 2022-12-01 Fixed 5.12500000 N N N N N N Dryden Senior Loan Fund 5493003BMKJ887403407 26249GAL4 500000.00000000 PA USD 498822.00000000 0.302989622516 Long ABS-CBDO CORP KY N 2 2029-04-15 Floating 3.75088000 N N N N N N IRON MOUNTAIN INC SQL3F6CKNNBM3SQGHX24 46284PAP9 500000.00000000 PA USD 505625.00000000 0.307121834812 Long DBT CORP US N 2 2024-08-15 Fixed 5.75000000 N N N N N N INTERCONTINENTAL EXCHANGE 5493000F4ZO33MV32P92 000000000 252.00000000 NC 0.00000000 0.000000 N/A DIR CORP US N 1 INTERCONTINENTAL EXCHANGE 5493000F4ZO33MV32P92 Put Purchased ICE FUTURES EUROPE 549300UF4R84F48NCH34 ICE FUTURES EUROPE 549300UF4R84F48NCH34 000000000 0.00000000 NC 0.00000000 0.00000000 DIR CORP GB Short INTERCONTENTIAL EXCHANGE 90 DAY STERLING RATE 2019-12-18 0.00000000 USD 1000.00000000 98.875 GBP 2019-12-18 XXXX -62615.63 N N N Payden Cash Reserves Money Market Fund 549300SI0EB26HO5RT16 704329598 1548213.21000000 NS USD 1548213.21000000 0.940400656092 Long STIV RF US N 1 N N JP Morgan Mortgage Trust 549300BV8AJIRLDGMR51 46641YAA1 216372.89000000 PA USD 220461.34000000 0.133910489485 Long ABS-MBS CORP US N 2 2029-06-25 Variable 3.00000000 N N N N N N AVIATION CAPITAL GROUP 549300ODEK8HY3445C77 05369AAC5 540000.00000000 PA USD 558949.95000000 0.339511958887 Long DBT CORP US N 2 2023-05-01 Fixed 3.87500000 N N N N N N Countrywide Alternative Loan T N/A 02150JAV4 263945.24000000 PA USD 185065.84000000 0.112410898080 Long ABS-MBS CORP US N 2 2037-05-25 Fixed 6.00000000 N N N N N N NEW YORK ST TRANSPRTN DEV CORP N/A 650116AQ9 1000000.00000000 PA USD 1110651.00000000 0.674620861224 Long DBT MUN US N 2 2041-07-01 Fixed 5.00000000 N N N N N N REYNOLDS GRP ISS/REYNOLD N/A 761735AT6 500000.00000000 PA USD 514225.00000000 0.312345563424 Long DBT CORP US N 2 2023-07-15 Fixed 5.12500000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 172967LC3 375000.00000000 PA USD 381464.91000000 0.231705716837 Long DBT CORP US N 2 2021-12-08 Fixed 2.90000000 N N N N N N WELLS FARGO BANK NA KB1H1DSPRFMYMCUFXT09 94988J5Z6 735000.00000000 PA USD 737954.70000000 0.448241288450 Long DBT CORP US N 2 2022-09-09 Floating 2.79838000 N N N N N N BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC USD 12828.61000000 0.007792229896 N/A DFE CORP US N 2 BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 -22264000.00000000 NOK 2434107.24000000 USD 2019-11-25 12828.61 N N N CCO HLDGS LLC/CAP CORP N/A 1248EPBD4 300000.00000000 PA USD 306750.00000000 0.186323110662 Long DBT CORP US N 2 2023-09-01 Fixed 5.75000000 N N N N N N REPUBLIC OF GUATEMALA 529900QKDFFU9UWW5315 401494AE9 650000.00000000 PA USD 699081.50000000 0.424629306232 Long DBT NUSS GT N 2 2022-06-06 Fixed 5.75000000 N N N N N N LLOYDS BANKING GROUP PLC 549300PPXHEU2JF0AM85 53944YAC7 630000.00000000 PA USD 640558.79000000 0.389082009177 Long DBT CORP GB N 2 2022-01-11 Fixed 3.00000000 N N N N N N CELANESE US HOLDINGS LLC CD30XVRLT4QO00B1C706 15089QAJ3 645000.00000000 PA USD 666332.03000000 0.404736940713 Long DBT CORP US N 2 2024-05-08 Fixed 3.50000000 N N N N N N Regatta II Funding LP N/A 75885WAW1 500000.00000000 PA USD 499988.00000000 0.303697862930 Long ABS-CBDO CORP KY N 2 2029-01-15 Floating 4.70088000 N N N N N N CIT GROUP INC N8O96ZZJQRFYQUJY7K79 125581GU6 235000.00000000 PA USD 241261.58000000 0.146544769581 Long DBT CORP US N 2 N/A Floating 5.80000000 N N N N N ASB BANK LIMITED 549300IBZWZL1KTPF918 00216LAA1 430000.00000000 PA USD 452053.42000000 0.274581905134 Long DBT CORP NZ N 2 2023-06-14 Fixed 3.75000000 N N N N N N INTERCONTINENTAL EXCHANGE 5493000F4ZO33MV32P92 000000000 -252.00000000 NC 0.00000000 0.000000 N/A DIR CORP US N 1 INTERCONTINENTAL EXCHANGE 5493000F4ZO33MV32P92 Put Written ICE FUTURES EUROPE 549300UF4R84F48NCH34 ICE FUTURES EUROPE 549300UF4R84F48NCH34 000000000 0.00000000 NC 0.00000000 0.00000000 DIR CORP GB Short INTERCONTENTIAL EXCHANGE 90 DAY STERLING RATE 2019-12-18 0.00000000 USD 1000.00000000 98.5 GBP 2019-12-18 XXXX 17359.5 N N N Fannie Mae - CAS N/A 20753WAF3 600000.00000000 PA USD 599250.00000000 0.363990624497 Long ABS-MBS CORP US N 2 2039-10-25 Floating 3.92275000 N N N N N N BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 000000000 1.00000000 NC USD -1521.42000000 -0.00092412618 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 -1676849.17000000 USD 1494000.00000000 EUR 2020-01-15 -1521.42 N N N AVOLON HOLDINGS FNDG LTD 635400ZRKEX9L1BKCH30 05401AAE1 725000.00000000 PA USD 740986.25000000 0.450082683156 Long DBT CORP IE N 2 2022-05-01 Fixed 3.62500000 N N N N N N FORD MOTOR CREDIT CO LLC UDSQCVRUX5BONN0VY111 345397YG2 630000.00000000 PA USD 631461.77000000 0.383556385496 Long DBT CORP US N 2 2024-01-09 Fixed 3.81000000 N N N N N N XPO LOGISTICS INC 54930096DB9LCLPN7H13 983793AF7 430000.00000000 PA USD 445050.00000000 0.270327955665 Long DBT CORP US N 2 2023-09-01 Fixed 6.12500000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 912828Y61 770000.00000000 PA USD 804258.99000000 0.488515197376 Long DBT UST US N 2 2023-07-31 Fixed 2.75000000 N N N N N N REPUBLICA ORIENT URUGUAY 549300RDR012H2V82H43 760942BD3 300000.00000000 PA USD 351753.00000000 0.213658396560 Long DBT NUSS UY N 2 2055-04-20 Fixed 4.97500000 N N N N N N GATX CORP 549300IHYHCQP2PIR591 361448BD4 785000.00000000 PA USD 844152.49000000 0.512746920327 Long DBT CORP US N 2 2024-02-15 Fixed 4.35000000 N N N N N N SENIOR HOUSING PROPERTIE N/A 81721MAK5 450000.00000000 PA USD 466062.99000000 0.283091462303 Long DBT CORP US N 2 2024-05-01 Fixed 4.75000000 N N N N N N BOISE CASCADE COMPANY 549300Z8B8LSRHC7XA55 09739DAC4 580000.00000000 PA USD 606100.00000000 0.368151385077 Long DBT CORP US N 2 2024-09-01 Fixed 5.62500000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 10554.86000000 0.006411130718 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -839907.27000000 USD 1233000.00000000 AUD 2019-11-21 10554.86 N N N MISSISSIPPI POWER CO LNZ0J6YZ5SC6ILIRU850 605417CA0 450000.00000000 PA USD 450179.12000000 0.273443436002 Long DBT CORP US N 2 2020-03-27 Floating 2.74963000 N N N N N N PHILLIPS 66 PARTNERS LP 549300TL5L4IG0H4FX64 718549AG3 735000.00000000 PA USD 734361.71000000 0.446058869303 Long DBT CORP US N 2 2024-12-15 Fixed 2.45000000 N N N N N N DAIMLER FINANCE NA LLC 549300423Z16BB673J12 233851DS0 830000.00000000 PA USD 872290.34000000 0.529838140341 Long DBT CORP US N 2 2024-02-22 Fixed 3.65000000 N N N N N N CITIZENS BANK NA/RI DRMSV1Q0EKMEXLAU1P80 17401QAS0 720000.00000000 PA USD 738881.43000000 0.448804193801 Long DBT CORP US N 2 2022-02-14 Fixed 3.25000000 N N N N N N LAREDO PETROLEUM INC 549300X0PTWU2QSLSL14 516806AD8 105000.00000000 PA USD 101062.50000000 0.061386403818 Long DBT CORP US N 2 2022-01-15 Fixed 5.62500000 N N N N N N CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 000000000 -27.00000000 NC USD 31549.50000000 0.019163491376 N/A DIR CORP US N 1 CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 Short US TREASURY N/B United States Treasury Note/Bond 2019-12-19 -3868502.76 USD 31549.5 N N N VOLKSWAGEN GROUP AMERICA 5493002SQ1AVQBY41K40 928668AN2 500000.00000000 PA USD 509164.07000000 0.309271502396 Long DBT CORP US N 2 2020-11-13 Fixed 3.87500000 N N N N N N ICAHN ENTERPRISES/FIN N/A 451102BF3 500000.00000000 PA USD 505625.00000000 0.307121834812 Long DBT CORP US N 2 2022-02-01 Fixed 5.87500000 N N N N N N MONGOLIA INTL BOND N/A 60937LAA3 360000.00000000 PA USD 407145.27000000 0.247304232104 Long DBT NUSS MN N 2 2024-03-09 Fixed 8.75000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -7264.10000000 -0.00441228918 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1114000.00000000 CAD 838564.95000000 USD 2019-11-21 -7264.1 N N N Residential Funding Mtg Sec I N/A 749574AC3 172340.22000000 PA USD 141020.49000000 0.085657298660 Long ABS-MBS CORP US N 2 2036-08-25 Variable 5.12088000 N N N N N N CITIBANK NA E57ODZWZ7FF32TWEFA76 000000000 -3508000.00000000 NC -21075.51000000 -0.01280148192 N/A DIR CORP US N 2 CITIBANK NA E57ODZWZ7FF32TWEFA76 Call Written CITIBANK NA E57ODZWZ7FF32TWEFA76 CITIBANK NA E57ODZWZ7FF32TWEFA76 000000000 0.00000000 NC USD 0.00000000 0.00000000 DIR CORP US 2040-02-25 0.00000000 USD 0.00000000 USD 0.00000000 USD -3508000.00000000 USD 0.4 EUR 2020-02-20 XXXX 64699.89 N N N CALIFORNIA ST POLL CONTROL FIN N/A 13054WAB3 650000.00000000 PA USD 694887.70000000 0.422081948900 Long DBT MUN US N 2 2037-07-01 Fixed 5.00000000 N N N N N N PAYPAL HOLDINGS INC 5493005X2GO78EFZ3E94 70450YAB9 500000.00000000 PA USD 502934.33000000 0.305487494130 Long DBT CORP US N 2 2022-09-26 Fixed 2.20000000 N N N N N N DOMINION ENERGY INC ILUL7B6Z54MRYCF6H308 25746UBT5 800000.00000000 PA USD 821424.53000000 0.498941723241 Long DBT CORP US N 2 2021-04-01 Variable 4.10400000 N N N N N N CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 000000000 126.00000000 NC USD -37830.24000000 -0.02297847756 N/A DIR CORP US N 1 CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 Long US TREASURY N/B United States Treasury Note/Bond 2019-12-31 15057424.62 USD -37830.24 N N N BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 000000000 1.00000000 NC USD -17697.40000000 -0.01074958310 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 -1494000.00000000 EUR 1657630.35000000 USD 2020-01-15 -17697.4 N N N ARES CAPITAL CORP WEQ82666OJYSI5GUAB47 04010LAR4 185000.00000000 PA USD 188164.05000000 0.114292782757 Long DBT CORP US N 2 2022-01-19 Fixed 3.62500000 N N N N N N AIRCASTLE LTD 549300PNK8AKY3OIKP58 00928QAN1 400000.00000000 PA USD 424999.33000000 0.258148972111 Long DBT CORP US N 2 2022-02-15 Fixed 5.50000000 N N N N N N BRISTOL-MYERS SQUIBB CO HLYYNH7UQUORYSJQCN42 110122BZ0 1065000.00000000 PA USD 1104392.23000000 0.670819219838 Long DBT CORP US N 2 2024-07-26 Fixed 2.90000000 N N N N N N Sequoia Mortgage Trust N/A 81746HAB7 353795.00000000 PA USD 360472.95000000 0.218954984038 Long ABS-MBS CORP US N 2 2047-08-25 Variable 3.50000000 N N N N N N Countrywide Alternative Loan T N/A 12668AAM7 113168.27000000 PA USD 100323.60000000 0.060937588345 Long ABS-MBS CORP US N 2 2035-10-25 Fixed 5.50000000 N N N N N N KREF 2018--FL1 Ltd. 549300N45646UZ8P3S07 48275PAC5 500000.00000000 PA USD 502062.50000000 0.304957935605 Long ABS-CBDO CORP KY N 2 2036-06-15 Floating 3.22750000 N N N N N N Freddie Mac - STACR N/A 3137G0KV0 496603.02000000 PA USD 693982.06000000 0.421531853833 Long ABS-MBS CORP US N 2 2028-12-25 Floating 13.07275000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 172967LM1 400000.00000000 PA USD 406739.92000000 0.247058018337 Long DBT CORP US N 2 2023-07-24 Floating 2.87600000 N N N N N N BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC USD 8201.68000000 0.004981784939 N/A DFE CORP US N 2 BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 -2471580.26000000 USD 23912000.00000000 SEK 2019-11-25 8201.68 N N N MACQUARIE GROUP LTD ACMHD8HWFMFUIQQ8Y590 55608JAH1 555000.00000000 PA USD 567561.21000000 0.344742526939 Long DBT CORP AU N 2 2023-11-28 Floating 3.18900000 N N N N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 38141GWD2 600000.00000000 PA USD 606316.67000000 0.368282992668 Long DBT CORP US N 2 2022-04-26 Floating 3.04563000 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912796WE5 11270000.00000000 PA USD 11261430.07000000 6.840308659015 Long DBT UST US N 2 2019-11-19 None 0.00000000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 912828YB0 11840000.00000000 PA USD 11771087.53000000 7.149879851581 Long DBT UST US N 2 2029-08-15 Fixed 1.62500000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 912828YD6 3840000.00000000 PA USD 3783525.00000000 2.298152069340 Long DBT UST US N 2 2026-08-31 Fixed 1.37500000 N N N N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 060505310 7500.00000000 NS USD 191700.00000000 0.116440555220 Long EP CORP US N 1 N N N REPUBLIC OF SRI LANKA 254900HXCCIOHM74FA02 85227SAY2 940000.00000000 PA USD 969574.25000000 0.588929389660 Long DBT NUSS LK N 2 2024-03-14 Fixed 6.85000000 N N N N N N Fannie Mae - CAS N/A 30711XDB7 498288.90000000 PA USD 670199.17000000 0.407085881395 Long ABS-MBS CORP US N 2 2029-01-25 Floating 12.07275000 N N N N N N BBVA USA C90VT034M03BN29IRA40 20453KAB1 510000.00000000 PA USD 518628.00000000 0.315019990991 Long DBT CORP US N 2 2022-06-29 Fixed 2.87500000 N N N N N N Fannie Mae - CAS N/A 30711XCH5 498051.80000000 PA USD 721550.30000000 0.438277086864 Long ABS-MBS CORP US N 2 2028-09-25 Floating 14.07275000 N N N N N N Prologis Inc 529900DFH19P073LZ636 74340W103 3400.00000000 NS USD 298384.00000000 0.181241516061 Long EC CORP US N 1 N N N BX Trust N/A 056054AE9 680000.00000000 PA USD 682338.52000000 0.414459447665 Long ABS-MBS CORP US N 2 2036-10-15 Floating 3.08000000 N N N N N N MIZUHO FINANCIAL GROUP 353800CI5L6DDAN5XZ33 60687YAB5 235000.00000000 PA USD 236769.60000000 0.143816294645 Long DBT CORP JP N 2 2021-04-12 Fixed 2.63200000 N N N N N N Freddie Mac - STACR 549300RWLR7W4OBRM426 35564RAK0 570000.00000000 PA USD 570403.50000000 0.346468963171 Long ABS-MBS CORP US N 2 2049-02-25 Floating 3.22275000 N N N N N N CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 000000000 8.00000000 NC USD -25526.96000000 -0.01550533852 N/A DIR CORP US N 1 CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 Long US TREASURY N/B United States Treasury Note/Bond 2019-12-19 1543526.96 USD -25526.96 N N N SUNTRUST BANK IYDOJBGJWY9T8XKCSX06 86787EBA4 1030000.00000000 PA USD 1044889.36000000 0.634676563499 Long DBT CORP US N 2 2021-10-26 Floating 3.52500000 N N N N N N CONTINENTAL RESOURCES XXRTID9RYWOZ0UPIVR53 212015AH4 220000.00000000 PA USD 221826.24000000 0.134739543809 Long DBT CORP US N 2 2022-09-15 Fixed 5.00000000 N N N N N N Energy Transfer LP MTLVN9N7JE8MIBIJ1H73 29273V100 15700.00000000 NS USD 197663.00000000 0.120062542862 Long EC CORP US N 1 N N N Enterprise Products Partners L K4CDIF4M54DJZ6TB4Q48 293792107 8200.00000000 NS USD 213446.00000000 0.129649299685 Long EC CORP US N 1 N N N CITIBANK NA E57ODZWZ7FF32TWEFA76 000000000 5013000.00000000 NC USD 37838.47000000 0.022983476554 N/A DIR CORP US N 2 CITIBANK NA E57ODZWZ7FF32TWEFA76 Call Purchased CITIBANK NA E57ODZWZ7FF32TWEFA76 CITIBANK NA E57ODZWZ7FF32TWEFA76 000000000 0.00000000 NC USD 0.00000000 0.00000000 DIR CORP US 2040-02-25 0.00000000 USD 0.00000000 USD 0.00000000 USD 5013000.00000000 USD 1.78 USD 2020-02-20 XXXX -46881.23 N N N GENERAL MOTORS FINL CO 5493008B6JBRUJ90QL97 37045XCA2 500000.00000000 PA USD 483565.00000000 0.293722363512 Long DBT CORP US N 2 N/A Floating 5.75000000 N N N N N N Freddie Mac - SCRT N/A 35563PAD1 1000000.00000000 PA USD 978716.80000000 0.594482668733 Long ABS-MBS CORP US N 2 2055-09-25 Variable 3.00000000 N N N N N N AMER AIRLN 13-2 B PTT N/A 02376TAC2 117550.97400000 PA USD 119402.10000000 0.072526065824 Long DBT CORP US N 2 2020-07-15 Fixed 5.60000000 N N N N N N PHH Alternative Mortgage Trust N/A 69337BAH7 114931.04000000 PA USD 107770.42000000 0.065460863543 Long ABS-MBS CORP US N 2 2037-02-25 Fixed 6.00000000 N N N N N N MIZUHO FINANCIAL GROUP 353800CI5L6DDAN5XZ33 60687YAS8 700000.00000000 PA USD 734355.38000000 0.446055024396 Long DBT CORP JP N 2 2024-09-11 Floating 3.92200000 N N N N N N New Residential Mortgage Loan N/A 64829NAA2 652760.46000000 PA USD 690285.83000000 0.419286725646 Long ABS-MBS CORP US N 2 2057-05-25 Variable 4.00000000 N N N N N N HONDURAS GOVERNMENT N/A 000000000 500000.00000000 PA USD 531880.00000000 0.323069392336 Long DBT NUSS HN N 2 2020-12-16 Fixed 8.75000000 N N N N N N TENCENT HOLDINGS LTD 254900N4SLUMW4XUYY11 88032WAL0 735000.00000000 PA USD 757630.97000000 0.460192857586 Long DBT CORP CN N 2 2024-04-11 Fixed 3.28000000 N N N N N N DELL INT LLC / EMC CORP N/A 25272KAD5 300000.00000000 PA USD 309901.72000000 0.188237497865 Long DBT CORP US N 2 2021-06-15 Fixed 4.42000000 N N N N N N AMER AIRLINE 19-1A PTT N/A 02378MAA9 500000.00000000 PA USD 518661.10000000 0.315040096272 Long DBT CORP US N 2 2032-02-15 Fixed 3.50000000 N N N N N N Ozlme 6354008AGMENPDXTDJ03 000000000 600000.00000000 PA 670981.24000000 0.407560918771 Long ABS-CBDO CORP IE N 2 2032-01-14 Floating 1.75000000 N N N N N N MUTHOOT FINANCE LTD 335800HAMJMBFL4RRF02 62828L2A0 320000.00000000 PA USD 325360.00000000 0.197627016414 Long DBT CORP IN N 2 2022-10-31 Fixed 6.12500000 N N N N N N FS KKR CAPITAL CORP 549300TYRSI1T21B1360 302635AB3 235000.00000000 PA USD 235377.98000000 0.142971010318 Long DBT CORP US N 2 2020-01-15 Fixed 4.25000000 N N N N N N Freddie Mac - STACR N/A 3137G0GM5 495649.38000000 PA USD 610910.86000000 0.371073551011 Long ABS-MBS CORP US N 2 2028-03-25 Floating 10.62275000 N N N N N N STATE OF QATAR 52990074F6OJOAXK4P65 74727PBB6 350000.00000000 PA USD 431378.50000000 0.262023745698 Long DBT NUSS QA N 2 2049-03-14 Fixed 4.81700000 N N N N N N ARES CAPITAL CORP WEQ82666OJYSI5GUAB47 04010LAU7 770000.00000000 PA USD 782266.62000000 0.475156805235 Long DBT CORP US N 2 2023-02-10 Fixed 3.50000000 N N N N N N Marathon CRE Issuer Ltd N/A 565780AA1 800000.00000000 PA USD 801700.00000000 0.486960840483 Long ABS-CBDO CORP KY N 2 2028-06-15 Floating 3.06350000 N N N N N N SIRIUS XM RADIO INC WP5O65E6BMU84LNO4227 82967NAL2 100000.00000000 PA USD 102175.00000000 0.062062147781 Long DBT CORP US N 2 2023-05-15 Fixed 4.62500000 N N N N N N American Home Mortgage Investm N/A 026929AJ8 352849.76000000 PA USD 313373.00000000 0.190345989104 Long ABS-MBS CORP US N 2 2036-12-25 Floating 3.81300000 N N N N N N SUMITOMO MITSUI FINL GRP 35380028MYWPB6AUO129 86562MAQ3 675000.00000000 PA USD 686524.92000000 0.417002310160 Long DBT CORP JP N 2 2022-07-12 Fixed 2.78400000 N N N N N N Cedar Funding Ltd 254900Q56WTD2BRLBE32 15032TAS5 1170000.00000000 PA USD 1169269.92000000 0.710226597224 Long ABS-CBDO CORP KY N 2 2030-06-09 Floating 3.33213000 N N N N N N Freddie Mac - STACR N/A 3137G0GZ6 495854.98000000 PA USD 636853.03000000 0.386831092370 Long ABS-MBS CORP US N 2 2028-04-25 Floating 11.17275000 N N N N N N New Residential Mortgage Loan 549300RCJSGOC0A85G53 64829CAD0 90648.35000000 PA USD 94737.71000000 0.057544661203 Long ABS-MBS CORP US N 2 2052-05-28 Variable 3.75000000 N N N N N N Bluemountain CLO Ltd 549300261OAC6YQ54P29 09628BAS7 300000.00000000 PA USD 278438.40000000 0.169126353108 Long ABS-CBDO CORP KY N 2 2027-07-18 Floating 4.75325000 N N N N N N REPUBLIC OF GUATEMALA 529900QKDFFU9UWW5315 401494AQ2 300000.00000000 PA USD 318120.00000000 0.193229365815 Long DBT NUSS GT N 2 2030-06-01 Fixed 4.90000000 N N N N N N BNP PARIBAS SA QHSFEYI7HUOXXZ413E03 000000000 -4499000.00000000 NC USD -26410.87000000 -0.01604223456 N/A DIR CORP FR N 2 BNP PARIBAS SA QHSFEYI7HUOXXZ413E03 Put Written BNP PARIBAS SA QHSFEYI7HUOXXZ413E03 BNP PARIBAS SA QHSFEYI7HUOXXZ413E03 000000000 0.00000000 NC USD 0.00000000 0.00000000 DIR CORP FR US 2030-02-05 0.00000000 USD 0.00000000 USD 0.00000000 USD -4499000.00000000 USD 1.78 USD 2020-02-03 XXXX 44910.17 N N N COMISION FED DE ELECTRIC 4469000001BFPONMPF32 200447AB6 275000.00000000 PA USD 284284.00000000 0.172677030779 Long DBT CORP MX N 2 2021-05-26 Fixed 4.87500000 N N N N N N JAMES HARDIE INTL FIN 635400G32A4Q1LVQ8M88 000000000 225000.00000000 PA 265666.48000000 0.161368557302 Long DBT CORP IE N 2 2026-10-01 Fixed 3.62500000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 3140J6GR2 1588691.22000000 PA USD 1654714.97000000 1.005090922479 Long ABS-MBS USGSE US N 2 2048-09-01 Fixed 4.00000000 N N N N N N Carlyle C17 CLO N/A 14307PAL9 500000.00000000 PA USD 468872.50000000 0.284797987625 Long ABS-CBDO CORP KY N 2 2031-04-30 Floating 5.06575000 N N N N N N Bluemountain CLO Ltd 5493009UJ1T6R11V4458 09628JAS0 450000.00000000 PA USD 397316.25000000 0.241333984080 Long ABS-CBDO CORP KY N 2 2031-04-20 Floating 4.56588000 N N N N N N BAIDU INC 254900AL64IANZYI1E02 056752AM0 820000.00000000 PA USD 872326.64000000 0.529860189335 Long DBT CORP CN N 2 2024-05-14 Fixed 4.37500000 N N N N N N CVS HEALTH CORP 549300EJG376EN5NQE29 126650CV0 810000.00000000 PA USD 845030.31000000 0.513280117240 Long DBT CORP US N 2 2023-03-09 Fixed 3.70000000 N N N N N N FHLMC Multifamily Structured P N/A 3137B36J2 1042000.00000000 PA USD 1086666.37000000 0.660052349831 Long ABS-MBS USGSE US N 2 2023-02-25 Fixed 3.32000000 N N N N N N CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 000000000 10.00000000 NC USD -6518.00000000 -0.00395910035 N/A DIR CORP US N 1 CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 Long US TREASURY N/B United States Treasury Note/Bond 2019-12-19 1309486.8 USD -6518 N N N SERVICE CORP INTL 549300RKVM2ME20JHZ15 817565CB8 500000.00000000 PA USD 516875.00000000 0.313955200729 Long DBT CORP US N 2 2024-05-15 Fixed 5.37500000 N N N N N N REPUBLIC OF GEORGIA N/A 37311PAA8 430000.00000000 PA USD 456367.60000000 0.277202382518 Long DBT NUSS GE N 2 2021-04-12 Fixed 6.87500000 N N N N N N CIGNA CORP 549300VIWYMSIGT1U456 125523AB6 500000.00000000 PA USD 500082.30000000 0.303755141722 Long DBT CORP US N 2 2021-09-17 Floating 2.78938000 N N N N N N CITIBANK NA E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC USD -40004.99000000 -0.02429944312 N/A DFE CORP US N 2 CITIBANK NA E57ODZWZ7FF32TWEFA76 -2492000.00000000 EUR 2746819.46000000 USD 2019-12-09 -40004.99 N N N CENTERPOINT ENERGY INC 21TPXMRRHFKOBHDC8J74 15189TAT4 450000.00000000 PA USD 463366.96000000 0.281453865902 Long DBT CORP US N 2 2021-11-01 Fixed 3.60000000 N N N N N N TORONTO-DOMINION BANK PT3QB789TSUIDF371261 89114QCA4 485000.00000000 PA USD 496692.19000000 0.301695953977 Long DBT CORP CA N 2 2024-06-12 Fixed 2.65000000 N N N N N N DH EUROPE FINANCE II 222100KDGL314CKTZ511 23291KAG0 500000.00000000 PA USD 503454.34000000 0.305803353562 Long DBT CORP LU N 2 2024-11-15 Fixed 2.20000000 N N N N N N BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC USD 7501.37000000 0.004556409429 N/A DFE CORP US N 2 BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 -23912000.00000000 SEK 2487283.31000000 USD 2019-11-25 7501.37 N N N LENNAR CORP 529900G61XVRLX5TJX09 526057CD4 580000.00000000 PA USD 629300.00000000 0.382243304124 Long DBT CORP US N 2 2027-11-29 Fixed 4.75000000 N N N N N N RYDER SYSTEM INC ZXJ6Y2OSPZXIVGRILD15 78355HKM0 375000.00000000 PA USD 381878.83000000 0.231957136110 Long DBT CORP US N 2 2022-06-01 Fixed 2.87500000 N N N N N N MULTIFAMILY CONNECTICUT AVENUE N/A 62547NAB5 320000.00000000 PA USD 330846.08000000 0.200959317933 Long ABS-MBS CORP US N 2 2049-10-15 Floating 5.04963000 N N N N N N LAS VEGAS SANDS CORP 549300DUOO1KXOHPM605 517834AG2 600000.00000000 PA USD 614587.79000000 0.373306956179 Long DBT CORP US N 2 2024-08-08 Fixed 3.20000000 N N N N N N GE CAPITAL INTL FUNDING 549300G6UZOB126GBY72 36164Q6M5 415000.00000000 PA USD 427360.38000000 0.259583098208 Long DBT CORP IE N 2 2025-11-15 Fixed 3.37300000 N N N N N N CoreSite Realty Corp 549300H0YYORITFM2B74 21870Q105 2200.00000000 NS USD 258500.00000000 0.157015563508 Long EC CORP US N 1 N N N BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC USD -4236.17000000 -0.00257309330 N/A DFE CORP US N 2 BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 -850063.72000000 USD 1114000.00000000 CAD 2019-11-20 -4236.17 N N N BROADCOM INC 549300WV6GIDOZJTV909 11135FAE1 925000.00000000 PA USD 966422.67000000 0.587015087495 Long DBT CORP US N 2 2026-04-15 Fixed 4.25000000 N N N N N N LEVEL 3 FINANCING INC N/A 527298BF9 500000.00000000 PA USD 508125.00000000 0.308640360572 Long DBT CORP US N 2 2023-05-01 Fixed 5.12500000 N N N N N N OCP CLO Ltd 254900NXH68CRC058O44 67102SAS3 400000.00000000 PA USD 360230.80000000 0.218807899633 Long ABS-CBDO CORP KY N 2 2031-04-26 Floating 4.83563000 N N N N N N Starwood Commercial Mortgage T N/A 78485WAC3 370000.00000000 PA USD 370902.06000000 0.225289732910 Long ABS-CBDO CORP KY N 2 2038-07-15 Floating 3.31350000 N N N N N N SM ENERGY CO 84BUTVXV5ODI6BXNMH43 78454LAK6 470000.00000000 PA USD 450025.00000000 0.273349821926 Long DBT CORP US N 2 2022-11-15 Fixed 6.12500000 N N N N N N TEVA PHARMACEUTICALS NE 5493004T21MOAFINJP35 88167AAC5 500000.00000000 PA USD 475885.00000000 0.289057452380 Long DBT CORP NL N 2 2021-07-21 Fixed 2.20000000 N N N N N N Fannie Mae - CAS N/A 20754HCK2 1080715.16000000 PA USD 1082283.28000000 0.657390015803 Long ABS-MBS CORP US N 2 2039-07-25 Floating 2.57275000 N N N N N N SONIC AUTOMOTIVE INC 549300NTLRGJ2JCBZU03 83545GAX0 400000.00000000 PA USD 408000.00000000 0.247823403913 Long DBT CORP US N 2 2023-05-15 Fixed 5.00000000 N N N N N N SMBC AVIATION CAPITAL FI 549300OD7VKRVNWB2J98 78448TAA0 885000.00000000 PA USD 891283.35000000 0.541374690314 Long DBT CORP IE N 2 2021-07-15 Fixed 2.65000000 N N N N N N Countrywide Alternative Loan T N/A 12668APL3 137157.79000000 PA USD 113779.52000000 0.069110852799 Long ABS-MBS CORP US N 2 2035-11-25 Fixed 5.12500000 N N N N N N Countrywide Asset-Backed Certi N/A 12666UAC7 396193.69000000 PA USD 389456.97000000 0.236560176429 Long ABS-MBS CORP US N 2 2046-10-25 Variable 4.62152700 N N N N N N SABINE PASS LIQUEFACTION 549300KJYBG7C6WJYZ11 785592AJ5 350000.00000000 PA USD 390836.56000000 0.237398153610 Long DBT CORP US N 2 2024-05-15 Fixed 5.75000000 N N N N N N VIPER ENERGY PARTNERS LP 5299009LINL232255G03 92763MAA3 580000.00000000 PA USD 587250.00000000 0.356701700853 Long DBT CORP US N 2 2027-11-01 Fixed 5.37500000 N N N N N N WAMU Mortgage Pass-Through Cer N/A 92925VAP5 510560.05000000 PA USD 512657.74000000 0.311393593552 Long ABS-MBS CORP US N 2 2037-02-25 Variable 3.96165800 N N N N N N BNP PARIBAS SA QHSFEYI7HUOXXZ413E03 000000000 21276000.00000000 NC USD 21270.51000000 0.012919926939 N/A DIR CORP FR N 2 BNP PARIBAS SA QHSFEYI7HUOXXZ413E03 Put Purchased BNP PARIBAS SA QHSFEYI7HUOXXZ413E03 BNP PARIBAS SA QHSFEYI7HUOXXZ413E03 000000000 0.00000000 NC USD 0.00000000 0.00000000 DIR CORP FR US 2022-02-05 0.00000000 USD 0.00000000 USD 0.00000000 USD 21276000.00000000 USD 1.6375 USD 2020-02-03 XXXX -50055.41 N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 38148B504 3840.00000000 NS USD 101107.20000000 0.061413555059 Long EP CORP US N 1 N N N Freddie Mac - STACR 549300YG8OJES76WL398 35564ACC3 300000.00000000 PA USD 333593.70000000 0.202628250632 Long ABS-MBS CORP US N 2 2047-02-25 Floating 12.32275000 N N N N N N ANGLO AMERICAN CAPITAL TINT358G1SSHR3L3PW36 034863AM2 400000.00000000 PA USD 408732.00000000 0.248268028255 Long DBT CORP GB N 2 2021-04-15 Fixed 4.12500000 N N N N N N CLNC 2019-FL1, Ltd N/A 12565DAC7 620000.00000000 PA USD 622751.56000000 0.378265714194 Long ABS-O CORP KY N 2 2035-08-20 Floating 3.57700000 N N N N N N NISSAN MOTOR ACCEPTANCE 7D6DIU2QXTUJRFNNJA49 654740AX7 775000.00000000 PA USD 774931.73000000 0.470701517472 Long DBT CORP US N 2 2020-07-13 Fixed 2.15000000 N N N N N N Fannie Mae or Freddie Mac N/A 01F0326B5 1280000.00000000 PA USD 1314300.01000000 0.798319368238 Long ABS-MBS USGSE US N 2 2049-11-01 Fixed 3.50000000 N N N N N N CREDIT SUISSE GROUP AG 549300506SI9CRFV9Z86 225401AM0 335000.00000000 PA USD 334070.17000000 0.202917663419 Long DBT CORP CH N 2 2025-09-11 Floating 2.59300000 N N N N N N ENTERGY LOUISIANA LLC 0V5453U14HDZO63CGH17 29364WAT5 500000.00000000 PA USD 537877.95000000 0.326712608967 Long DBT CORP US N 2 2044-07-15 Fixed 5.00000000 N N N N N N REPUBLIC OF NIGERIA 549300GSBZD84TNEQ285 65412JAC7 380000.00000000 PA USD 382029.20000000 0.232048472397 Long DBT NUSS NG N 2 2027-11-28 Fixed 6.50000000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 06738EAS4 270000.00000000 PA USD 276275.47000000 0.167812567140 Long DBT CORP GB N 2 2023-01-10 Fixed 3.68400000 N N N N N N GSMPS Mortgage Loan Trust N/A 36242DT52 343922.82000000 PA USD 321881.15000000 0.195513927079 Long ABS-MBS CORP US N 2 2035-03-25 Floating 2.17275000 N N N N N N Freddie Mac - STACR N/A 3137G0PS2 248928.12000000 PA USD 311169.06000000 0.189007293239 Long ABS-MBS CORP US N 2 2029-10-25 Floating 13.07275000 N N N N N N JP Morgan Mortgage Trust N/A 46628LAA6 47046.86000000 PA USD 42678.46000000 0.025923336350 Long ABS-MBS CORP US N 2 2036-06-25 Variable 4.50927000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 172967KD2 130000.00000000 PA USD 134017.00000000 0.081403306672 Long DBT CORP US N 2 N/A Floating 6.12500000 N N N N N N UNITED TECHNOLOGIES CORP I07WOS4YJ0N7YRFE7309 913017DB2 805000.00000000 PA USD 852034.02000000 0.517534242858 Long DBT CORP US N 2 2023-08-16 Fixed 3.65000000 N N N N N N EQT CORP 4NT01YGM4X7ZX86ISY52 26884LAE9 615000.00000000 PA USD 587566.18000000 0.356893751842 Long DBT CORP US N 2 2022-10-01 Fixed 3.00000000 N N N N N CDW LLC/CDW FINANCE N/A 12513GBA6 50000.00000000 PA USD 55903.00000000 0.033956058208 Long DBT CORP US N 2 2024-12-01 Fixed 5.50000000 N N N N N N Fannie Mae - CAS N/A 30711XJS4 400546.79000000 PA USD 401259.12000000 0.243728923945 Long ABS-MBS CORP US N 2 2029-10-25 Floating 2.77275000 N N N N N N SYNCHRONY FINANCIAL 549300RS7EWPM9MA6C78 87165BAC7 150000.00000000 PA USD 153680.11000000 0.093346882289 Long DBT CORP US N 2 2021-08-15 Fixed 3.75000000 N N N N N N SHRIRAM TRANSPORT FIN 335800TM2YO24B76XL26 825547AA0 640000.00000000 PA USD 648010.65000000 0.393608345723 Long DBT CORP IN N 2 2022-10-24 Fixed 5.95000000 N N N N N N DIST OF COLUMBIA WTR & SWR AUT 549300OT2FIJQJ5PSH71 254845JZ4 250000.00000000 PA USD 337501.25000000 0.205001736764 Long DBT MUN US N 2 2114-10-01 Fixed 4.81400000 N N N N N N Fannie Mae - CAS N/A 20753QAA7 329477.75000000 PA USD 329540.28000000 0.200166161559 Long ABS-MBS CORP US N 2 2031-04-25 Floating 2.57275000 N N N N N N ABU DHABI GOVT INT'L 213800FER4348CINTA77 29135LAF7 570000.00000000 PA USD 549987.30000000 0.334067952929 Long DBT NUSS AE N 2 2049-09-30 Fixed 3.12500000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 31418BZ33 1589942.90000000 PA USD 1635794.69000000 0.993598549458 Long ABS-MBS USGSE US N 2 2031-03-01 Fixed 3.00000000 N N N N N N Cedar Funding Ltd 254900Q56WTD2BRLBE32 15032TAY2 590000.00000000 PA USD 579662.02000000 0.352092683616 Long ABS-CBDO CORP KY N 2 2030-06-09 Floating 4.45213000 N N N N N N AERCAP IRELAND CAP/GLOBA N/A 00772BAM3 435000.00000000 PA USD 456923.03000000 0.277539756423 Long DBT CORP IE N 2 2021-10-01 Fixed 5.00000000 N N N N N N TENET HEALTHCARE CORP 0W9AIBT6U6ADJ2I8HK17 88033GCE8 300000.00000000 PA USD 325515.00000000 0.197721165011 Long DBT CORP US N 2 2022-04-01 Fixed 8.12500000 N N N N N N AvalonBay Communities Inc K9G90K85RBWD2LAGQX17 053484101 1200.00000000 NS USD 261192.00000000 0.158650712046 Long EC CORP US N 1 N N N LAND O'LAKES INC 4ONCJWH5BBCYSJIJYX61 514666AN6 200000.00000000 PA USD 188375.00000000 0.114420915961 Long DBT CORP US N 2 N/A Fixed 7.00000000 N N N N N N SANTANDER UK PLC PTCQB104N23FMNK2RZ28 80283LAV5 310000.00000000 PA USD 320185.46000000 0.194483947501 Long DBT CORP GB N 2 2021-11-15 Fixed 3.75000000 N N N N N N BAYER US FINANCE II LLC 529900XWNEXYNJ3X6T40 07274NAC7 715000.00000000 PA USD 717086.61000000 0.435565795565 Long DBT CORP US N 2 2021-06-25 Floating 2.73625000 N N N N N N HILL-ROM HOLDINGS INC JLZ01A0E2071OH26RE45 431475AB8 270000.00000000 PA USD 281137.50000000 0.170765814258 Long DBT CORP US N 2 2025-02-15 Fixed 5.00000000 N N N N N N PNC BANK NA AD6GFRVSDT01YPT1CS68 69353RFP8 415000.00000000 PA USD 416809.92000000 0.253174640096 Long DBT CORP US N 2 2022-07-22 Floating 2.23200000 N N N N N N GENERAL MOTORS FINL CO 5493008B6JBRUJ90QL97 37045XBR6 350000.00000000 PA USD 353404.49000000 0.214661528602 Long DBT CORP US N 2 2022-01-14 Floating 3.53613000 N N N N N N Grippen Park CLO LTD 549300P7KR0IARP7PG22 39862EAD6 400000.00000000 PA USD 386658.80000000 0.234860539139 Long ABS-CBDO CORP KY N 2 2030-01-20 Floating 5.26588000 N N N N N N MPLX LP 5493000CZJ19CK4P3G36 55336VBG4 860000.00000000 PA USD 863564.46000000 0.524537950920 Long DBT CORP US N 2 2021-09-09 Floating 3.00213000 N N N N N N Crown Castle International Cor 54930012H97VSM0I2R19 22822V101 1900.00000000 NS USD 263701.00000000 0.160174704498 Long EC CORP US N 1 N N N Countrywide Alternative Loan T N/A 12668APP4 708211.06000000 PA USD 603520.96000000 0.366584849608 Long ABS-MBS CORP US N 2 2035-11-25 Fixed 5.50000000 N N N N N N OCCIDENTAL PETROLEUM COR IM7X0T3ECJW4C1T7ON55 674599CW3 335000.00000000 PA USD 338419.38000000 0.205559418386 Long DBT CORP US N 2 2024-08-15 Fixed 2.90000000 N N N N N N Freddie Mac - STACR N/A 3137G0TF6 600000.00000000 PA USD 647347.92000000 0.393205796692 Long ABS-MBS CORP US N 2 2042-12-25 Floating 6.42275000 N N N N N N Nationstar Mortgage Loan Trust N/A 63861HAA6 86357.02000000 PA USD 88594.46000000 0.053813187855 Long ABS-MBS CORP US N 2 2052-12-25 Variable 3.75000000 N N N N N N Fannie Mae - CAS N/A 30711XCR3 772640.82000000 PA USD 1102252.18000000 0.669519331417 Long ABS-MBS CORP US N 2 2028-10-25 Floating 13.57275000 N N N N N N FHLMC Multifamily Structured P N/A 3137BSPW7 1825000.00000000 PA USD 1851664.71000000 1.124720223868 Long ABS-MBS USGSE US N 2 2023-08-25 Fixed 2.45400000 N N N N N N 2019-11-01 PAYDEN & RYGEL INVESTMENT GROUP Ed Cruz Ed Cruz Compliance Officer