NPORT-EX 2 PR15EquityIncome.htm HTML

 

          Payden Equity Income Fund

 

Schedule of Investments - January 31, 2020 (Unaudited)

 

Principal

or Shares

    Security Description  

Value

(000)

  

Stocks (95%)

    

Common Stock (80%)

    

Communication Services (4%)

    

577,800

    AT&T Inc.   $ 21,737  

580,300

    Verizon Communications Inc.     34,493  
    

 

 

  
       56,230  
    

 

 

  

Consumer Discretionary (4%)

    

76,500

    Home Depot Inc.     17,450  

133,200

    McDonald’s Corp.     28,501  

150,100

    Starbucks Corp.     12,733  
    

 

 

  
       58,684  
    

 

 

  

Consumer Staples (10%)

    

1,027,000

    Conagra Brands Inc.     33,809  

103,400

    Costco Wholesale Corp.     31,591  

554,900

    General Mills Inc.     28,977  

126,100

    JM Smucker Co.     13,065  

216,500

    PepsiCo Inc.     30,747  
    

 

 

  
               138,189  

Energy (4%)

    

    1,369,800

    Kinder Morgan Inc.     28,588  

195,100

    ONEOK Inc.     14,607  

231,800

    Phillips 66     21,179  
    

 

 

  
       64,374  
    

 

 

  

Financials (14%)

    

103,700

    Allianz SE     24,825  

852,100

    Bank of America Corp.     27,974  

212,000

    Citigroup Inc.     15,775  

385,100

    Citizens Financial Group Inc.     14,347  

90,200

    Goldman Sachs Group Inc.     21,445  

264,000

    JPMorgan Chase & Co.     34,943  

411,500

    Morgan Stanley     21,505  

253,300

    Truist Financial Corp.     13,063  

517,500

    U.S. Bancorp     27,541  
    

 

 

  
       201,418  

Healthcare (16%)

    

177,900

    AbbVie Inc.     14,414  

455,700

    Bristol-Myers Squibb Co.     28,686  

289,500

    CVS Health Corp.     19,634  

292,300

    Eli Lilly & Co.     40,817  

607,200

    GlaxoSmithKline PLC     14,304  

102,400

    Johnson & Johnson     15,244  

286,400

    Medtronic PLC     33,062  

436,100

    Merck & Co. Inc.     37,260  

773,200

    Pfizer Inc.     28,794  
    

 

 

  
       232,215  
    

 

 

  

Industrials (7%)

    

32,100

    Boeing Co.     10,216  

482,700

    Delta Air Lines Inc.     26,906  

96,400

    Lockheed Martin Corp.     41,271  

179,200

    Waste Management Inc.     21,809  
    

 

 

  
       100,202  

Materials (1%)

    

184,800

    DuPont de Nemours Inc.     9,458  
    

 

 

  

Technology (11%)

    

562,500

    Cisco Systems Inc.     25,858  

262,200

    Intel Corp.     16,762  

149,900

    International Business Machines Corp.     21,532  

235,500

    Maxim Integrated Products Inc.     14,158  
      

 

Principal

or Shares

    Security Description  

Value

(000)

  
 

216,500

    Microsoft Corp.   $ 36,855  

278,400

    Paychex Inc.     23,878  

163,000

    QUALCOMM Inc.     13,906  
    

 

 

  
       152,949  
    

 

 

  

Utilities (9%)

    

333,200

    American Electric Power Co. Inc.     34,726  

303,300

    Consolidated Edison Inc.     28,510  

154,500

    DTE Energy Co.     20,488  

303,600

    Duke Energy Corp.     29,641  

223,700

    Public Service Enterprise Group Inc.     13,243  
    

 

 

  
       126,608  
    

 

 

  

Total Common Stock

             1,140,327  
    

 

 

  

Master Limited Partnership (4%)

    

1,130,500

    Enterprise Products Partners LP     29,133  

379,100

    Magellan Midstream Partners LP     23,269  
    

 

 

  

Total Master Limited Partnership

     52,402  
    

 

 

  

Preferred Stock (2%)

    

123,800

    Air Lease Corp., 6.15%     3,450  

279,800

    Allstate Corp., 5.10%     7,378  

208,000

    Goldman Sachs Group Inc., 5.50%     5,602  

150,400

    Spire Inc., 5.90%     4,080  

255,500

    Synchrony Financial, 5.625%     6,656  

128,000

    Synovus Financial Corp., 5.875%     3,441  

110,900

    US Bancorp, 6.50%     3,052  
    

 

 

  

Total Preferred Stock

     33,659  
    

 

 

  

Real Estate Investment Trust (10%)

    

136,600

    Alexandria Real Estate Equities Inc.     22,293  

162,100

    AvalonBay Communities Inc.     35,125  

148,600

    Crown Castle International Corp.     22,266  

192,800

    Digital Realty Trust Inc.     23,713  

863,800

    Healthcare Trust of America Inc., Class A     27,668  

189,900

    Prologis Inc.     17,638  
    

 

 

  

Total Real Estate Investment Trust

     148,703  
    

 

 

  

Total Stocks (Cost - $1,079,051)

     1,375,091  
    

 

 

  

Corporate Bond (3%)

    

    6,050,000

    CenterPoint Energy Inc., (3 mo. LIBOR USD    
   + 3.270%) 6.13% (a)(b)     6,447  

1,956,000

    CIT Group Inc., (3 mo. LIBOR USD + 3.972%)    
   5.80% (a)(b)(c)     2,005  

6,000,000

    Citigroup Inc., (3 mo. LIBOR USD + 3.423%)    
   6.30% (a)(b)     6,518  

6,100,000

    Citizens Financial Group Inc., (3 mo. LIBOR    
   USD + 3.003%) 6.00% (a)(b)     6,440  

6,000,000

    General Motors Financial Co. Inc., (3 mo. LIBOR USD + 3.436%) 6.50% (a)(b)(c)     6,411  

4,414,000

    Huntington Bancshares Inc., (3 mo. LIBOR USD + 2.880%) 5.70% (a)(b)     4,633  

6,680,000

    JPMorgan Chase & Co., (U.S. Secured Overnight Financing Rate + 3.380%) 5.00% (a)(b)     6,992  

2,800,000

    Land O’ Lakes Inc. 144A, 7.00% (a)(d)     2,581  
    

 

 

  

Total Corporate Bond (Cost - $39,585)

     42,027  
    

 

 

  

Investment Company (1%)

    

8,249,648

    Payden Cash Reserves Money Market Fund *    
   (Cost - $8,250)     8,250  
    

 

 

  
      
 

 

1   Payden Mutual Funds

    

 

Principal

or Shares

    Security Description  

Value

(000)

  
 

Total Investments (Cost - $ 1,126,886) (100%)

   $ 1,425,368  

Other Assets, net of Liabilities (0%)

     7,098  
    

 

 

  

Net Assets (100%)

   $     1,432,466  
    

 

 

  
      
 

*   Affiliated investment

    
(a)

Perpetual security with no stated maturity date.

(b)

Floating rate security. The rate shown reflects the rate in effect at January 31, 2020.

(c)

All or a portion of these securities are on loan. At January 31, 2020, the total market value of the Fund’s securities on loan is $6,089 and the total market value of the collateral held by the Fund is $6,293. Amounts in 000s.

(d)

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.

 

 

Open Forward Currency Contracts to USD

 

Currency

Purchased

  (000s)

   

Currency

Sold

(000s)

          Counterparty    Settlement
Date		    Unrealized
Appreciation
(Depreciation)
(000s)

Assets:

                                        

USD 26,024

      EUR  23,318             Citibank, N.A.        03/23/2020      $ 78

Liabilities:

                         

USD 14,137

      GBP  10,908             HSBC Bank USA, N.A.        03/23/2020        (288 )
                        

 

 

  

Net Unrealized Appreciation (Depreciation)

 

                     $ (210 )
                        

 

 

  

 

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