NPORT-P false 0000885709 XXXXXXXX S000033934 C000104641 PAYDEN & RYGEL INVESTMENT GROUP 811-06625 0000885709 549300QJNYRKYZS3P282 333 South Grand Avenue 32nd Floor Los Angeles 90071 213-625-1900 Payden Emerging Markets Local Bond Fund S000033934 549300ZRY78UEWJB7K76 2020-10-31 2020-07-31 N 140521996.63 1115127.99 139406868.64 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 2870092.38000000 USD N ROMANIA GOVERNMENT BOND 315700IASY927EDWBK92 000000000 5200000.00000000 PA 1361788.27000000 0.976844457726 Long DBT NUSS RO N 2 2029-02-12 Fixed 5.00000000 N N N N N N Payden Cash Reserves Money Market Fund 549300SI0EB26HO5RT16 704329598 783776.14000000 NS USD 783776.14000000 0.562222039449 Long STIV RF US N 1 N N N TITULOS DE TESORERIA 549300MHDRBVRF6B9117 000000000 2700000000.00000000 PA 758133.17000000 0.543827701888 Long DBT NUSS CO N 2 2028-04-28 Fixed 6.00000000 N N N N N N BONOS TESORERIA PESOS 549300FLZTJM5YJF8D34 000000000 695000000.00000000 PA 1149617.81000000 0.824649331281 Long DBT NUSS CL N 2 2035-03-01 Fixed 5.00000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 10672.41000000 0.007655584049 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -2011260.58000000 USD 45460000.00000000 MXN 2020-10-20 10672.41000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -6125.47000000 -0.00439395135 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1345547.51000000 USD 4737000.00000000 PEN 2020-09-22 -6125.47000000 N N N STANDARD CHARTERED BANK RILFO74KP1CM8P6PCT96 000000000 17200000000.00000000 PA 1278336.99000000 0.916982787484 Long DBT CORP GB N 2 2034-03-17 Fixed 8.37500000 N N N N N N HUNGARY GOVERNMENT BOND 5299008DH62LEB10JK83 000000000 707000000.00000000 PA 2628004.57000000 1.885132774043 Long DBT NUSS HU N 2 2030-08-21 Fixed 3.00000000 N N N N N N CZECH REPUBLIC 3157007EFDLQABN47912 000000000 39400000.00000000 PA 1930066.22000000 1.384484307573 Long DBT NUSS CZ N 2 2025-09-17 Fixed 2.40000000 N N N N N N BANCO DE CREDITO DEL PER 549300EQYQ8SCQZ4BY14 05990GAC9 402000.00000000 PA 114605.26000000 0.082209191783 Long DBT CORP PE N 2 2020-10-30 Fixed 4.85000000 N N N N N N REPUBLIC OF SOUTH AFRICA 378900AAFB4F17004C49 000000000 10460000.00000000 PA 700647.90000000 0.502592093800 Long DBT NUSS ZA N 2 2026-12-21 Fixed 10.50000000 N N N N N N BONOS TESORERIA PESOS 549300FLZTJM5YJF8D34 000000000 410000000.00000000 PA 808131.61000000 0.579692821368 Long DBT NUSS CL N 2 2043-01-01 Fixed 6.00000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 37611.47000000 0.026979639071 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1344906.71000000 USD 404400000.00000000 HUF 2020-10-21 37611.47000000 N N N NOTA DO TESOURO NACIONAL 254900ZFY40OYEADAP90 000000000 5949300.60000000 PA 1425345.00000000 1.022435274463 Long DBT NUSS BR N 2 2028-08-15 Fixed 6.00000000 N N N N N N PT WIJAYA KARYA 549300K1GF7D3VC6TZ97 000000000 21440000000.00000000 PA 1345598.69000000 0.965231270974 Long DBT CORP ID N 2 2021-01-31 Fixed 7.70000000 N N N N N N CZECH REPUBLIC 3157007EFDLQABN47912 000000000 30000000.00000000 PA 1573157.46000000 1.128464813353 Long DBT NUSS CZ N 2 2029-07-23 Fixed 2.75000000 N N N N N N BONOS DE TESORERIA 254900STKLK2DBJJZ530 000000000 4930000.00000000 PA 1523756.62000000 1.093028367156 Long DBT NUSS PE N 2 2034-08-12 Fixed 5.40000000 N N N N N N UKRAINE GOVERNMENT 6354001WLTJXOMEXPY07 000000000 11570000.00000000 PA 411534.98000000 0.295204234923 Long DBT NUSS UA N 2 2023-11-22 Fixed 11.67000000 N N N N N N REPUBLICA ORIENT URUGUAY 549300RDR012H2V82H43 917288BD3 28236754.00000000 PA 722095.11000000 0.517976708783 Long DBT NUSS UY N 2 2028-12-15 Fixed 4.37500000 N N N N N N MEX BONOS DESARR FIX RT 254900EGTWEU67VP6075 000000000 25100000.00000000 PA 1243157.72000000 0.891747825718 Long DBT NUSS MX N 2 2023-12-07 Fixed 8.00000000 N N N N N N MEX BONOS DESARR FIX RT 254900EGTWEU67VP6075 000000000 47300000.00000000 PA 2421959.78000000 1.737331742422 Long DBT NUSS MX N 2 2047-11-07 Fixed 8.00000000 N N N N N N EMGESA SA ESP 2549007VY3IWUVGW7A82 291208AA4 900000000.00000000 PA 246397.00000000 0.176746671382 Long DBT CORP CO N 2 2021-01-25 Fixed 8.75000000 N N N N N N MALAYSIA GOVERNMENT 254900GSIL471JOBYY43 000000000 1700000.00000000 PA 476743.91000000 0.341980215645 Long DBT NUSS MY N 2 2037-04-07 Fixed 4.76200000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 5285.31000000 0.003791283780 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -685948.47000000 USD 2584000000.00000000 COP 2020-08-18 5285.31000000 N N N YPF SOCIEDAD ANONIMA 5493003N7447U18U5U53 984245AP5 8765600.00000000 PA 81134.26000000 0.058199614403 Long DBT CORP AR N 2 2022-05-09 Fixed 16.50000000 N N N N N N EXPORT-IMPORT BANK KOREA 549300APVP4R32PI3Y06 000000000 12000000.00000000 PA 596832.17000000 0.428122499144 Long DBT NUSS KR N 2 2026-07-30 Fixed 7.93000000 N N N N N N TURKEY GOVERNMENT BOND 5493000PCHOG3B6S3Q85 000000000 7200000.00000000 PA 919539.77000000 0.659608654129 Long DBT NUSS TR N 2 2023-03-08 Fixed 7.10000000 N N N N N N TRANSNET SOC LTD 378900B07CD6F01EA796 000000000 11200000.00000000 PA 672520.89000000 0.482415892818 Long DBT CORP ZA N 2 2021-05-13 Fixed 9.50000000 N N N N N N HUNGARY GOVERNMENT BOND 5299008DH62LEB10JK83 000000000 187000000.00000000 PA 772693.44000000 0.554272144219 Long DBT NUSS HU N 2 2025-06-24 Fixed 5.50000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 216688.52000000 0.155436042796 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1675546.14000000 USD 42150000.00000000 CZK 2020-09-14 216688.52000000 N N N NOTA DO TESOURO NACIONAL 254900ZFY40OYEADAP90 000000000 10810000.00000000 PA 2512866.71000000 1.802541535086 Long DBT NUSS BR N 2 2027-01-01 Fixed 10.00000000 N N N N N N CZECH REPUBLIC 3157007EFDLQABN47912 000000000 13400000.00000000 PA 678099.61000000 0.486417646860 Long DBT NUSS CZ N 2 2033-10-13 Fixed 2.00000000 N N N N N N NOTA DO TESOURO NACIONAL 254900ZFY40OYEADAP90 000000000 7267000.00000000 PA 1438381.22000000 1.031786477977 Long DBT NUSS BR N 2 2021-01-01 Fixed 10.00000000 N N N N N N BONOS TESORERIA PESOS 549300FLZTJM5YJF8D34 000000000 1090000000.00000000 PA 1669222.86000000 1.197374904324 Long DBT NUSS CL N 2 2026-03-01 Fixed 4.50000000 N N N N N N BONOS DE TESORERIA 254900STKLK2DBJJZ530 000000000 2085000.00000000 PA 613999.60000000 0.440437121922 Long DBT NUSS PE N 2 2040-08-12 Fixed 5.35000000 N N N N N N BONOS DE TESORERIA 254900STKLK2DBJJZ530 000000000 3810000.00000000 PA 1280562.39000000 0.918579122027 Long DBT NUSS PE N 2 2032-08-12 Fixed 6.15000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -2893.55000000 -0.00207561508 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -328000.00000000 RON 76622.27000000 USD 2020-10-27 -2893.55000000 N N N NOTA DO TESOURO NACIONAL 254900ZFY40OYEADAP90 000000000 955000.00000000 PA 744527.95000000 0.534068340579 Long DBT NUSS BR N 2 2026-08-15 Fixed 6.00000000 N N N N N N TITULOS DE TESORERIA 549300MHDRBVRF6B9117 000000000 2220000000.00000000 PA 676705.60000000 0.485417688957 Long DBT NUSS CO N 2 2030-09-18 Fixed 7.75000000 N N N N N N EMPRESAS PUBLIC MEDELLIN 549300SU25TO8EMXB434 29246BAC2 1245000000.00000000 PA 352802.36000000 0.253073871783 Long DBT CORP CO N 2 2024-09-10 Fixed 7.62500000 N N N N N N TITULOS DE TESORERIA 549300MHDRBVRF6B9117 000000000 8249000000.00000000 PA 2746607.72000000 1.970209751352 Long DBT NUSS CO N 2 2024-07-24 Fixed 10.00000000 N N N N N N THAILAND GOVERNMENT BOND 254900PHJ6MSKT6C7026 000000000 48500000.00000000 PA 1937755.17000000 1.389999781864 Long DBT NUSS TH N 2 2036-06-17 Fixed 3.40000000 N N N N N N DOMINICAN REPUBLIC 254900EHU7Q8FGVPI369 25714PDX3 78400000.00000000 PA 1318378.15000000 0.945705303376 Long DBT NUSS DO N 2 2023-02-15 Fixed 8.90000000 N N N N N N THAILAND GOVERNMENT BOND 254900PHJ6MSKT6C7026 000000000 170000.00000000 PA 5691.73000000 0.004082818913 Long DBT NUSS TH N 2 2021-12-17 Fixed 3.65000000 N N N N N N TITULOS DE TESORERIA 549300MHDRBVRF6B9117 000000000 2888156250.00000000 PA 831834.54000000 0.596695520181 Long DBT NUSS CO N 2 2027-03-17 Fixed 3.30000000 N N N N N N REPUBLIC OF COLOMBIA 549300MHDRBVRF6B9117 000000000 540000000.00000000 PA 148538.26000000 0.106550173208 Long DBT NUSS CO N 2 2021-04-14 Fixed 7.75000000 N N N N N N TITULOS DE TESORERIA 549300MHDRBVRF6B9117 000000000 3600000000.00000000 PA 1116357.13000000 0.800790621646 Long DBT NUSS CO N 2 2026-08-26 Fixed 7.50000000 N N N N N N REPUBLIC OF SOUTH AFRICA 378900AAFB4F17004C49 000000000 32000000.00000000 PA 1601707.31000000 1.148944327941 Long DBT NUSS ZA N 2 2035-02-28 Fixed 8.87500000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 000000000 1.00000000 NC USD 35293.31000000 0.025316765482 N/A DFE CORP US N 2 BARCLAYS PLC 213800LBQA1Y9L22JB70 -1205194.87000000 USD 5265000.00000000 MYR 2020-08-24 35293.31000000 N N N HUNGARY GOVERNMENT BOND 5299008DH62LEB10JK83 000000000 140000000.00000000 PA 514625.78000000 0.369153819335 Long DBT NUSS HU N 2 2024-06-26 Fixed 3.00000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 38678.30000000 0.027744902656 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1023818.62000000 USD 803800000.00000000 CLP 2020-10-19 38678.30000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -63804.03000000 -0.04576821115 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -32550000.00000000 EGP 1920353.98000000 USD 2020-11-09 -63804.03000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -208414.93000000 -0.14950119175 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -13875000000.00000000 COP 3503221.57000000 USD 2020-08-18 -208414.93000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 34392.70000000 0.024670735621 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1952900.71000000 USD 147610000.00000000 RUB 2020-08-07 34392.70000000 N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 000000000 1.00000000 NC USD -35573.70000000 -0.02551789617 N/A DFE CORP US N 2 BARCLAYS PLC 213800LBQA1Y9L22JB70 -16850000.00000000 ZAR 944559.67000000 USD 2020-09-21 -35573.70000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 2349.58000000 0.001685411933 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -672924.38000000 USD 50900000.00000000 INR 2020-10-14 2349.58000000 N N N EMPRESAS PUBLIC MEDELLIN 549300SU25TO8EMXB434 29246BAD0 2003000000.00000000 PA 562814.79000000 0.403720989855 Long DBT CORP CO N 2 2027-11-08 Fixed 8.37500000 N N N N N N UK CLEARING HOUSE LIMITED 213800O8SCO4XJGBU385 000000000 1.00000000 NC -12919.61000000 -0.00926755627 N/A DIR CORP GB N 2 UK CLEARING HOUSE LIMITED 213800O8SCO4XJGBU385 Y 2025-07-28 0.00000000 USD 0.00000000 USD 21710000.00000000 CNY -12919.61000000 N N N BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC -20649.01000000 -0.01481204635 N/A DIR CORP GB N 2 BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 Y 2025-03-05 0.00000000 USD 0.00000000 USD 15750000.00000000 CNY -20649.01000000 N N N RUSSIA GOVT BOND - OFZ 5493004EHVGF71PDBU58 000000000 276770000.00000000 PA 4305186.81000000 3.088217138796 Long DBT NUSS RU N 2 2027-02-03 Fixed 8.15000000 N N N N N N ROMANIA GOVERNMENT BOND 315700IASY927EDWBK92 000000000 5800000.00000000 PA 1337323.94000000 0.959295587833 Long DBT NUSS RO N 2 2031-09-24 Fixed 3.65000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -751.46000000 -0.00053904087 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -320000.00000000 CZK 13614.26000000 USD 2020-09-14 -751.46000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -19000.24000000 -0.01362934279 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -322600000.00000000 CLP 407426.12000000 USD 2020-10-19 -19000.24000000 N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 000000000 1.00000000 NC USD 140886.19000000 0.101061153854 N/A DFE CORP US N 2 BARCLAYS PLC 213800LBQA1Y9L22JB70 -15909000.00000000 PEN 4639274.47000000 USD 2020-09-22 140886.19000000 N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 000000000 1.00000000 NC -45483.93000000 -0.03262674963 N/A DIR CORP FR N 2 BNP PARIBAS R0MUWSFPU8MPRO8K5P83 Y 2025-06-17 0.00000000 USD 0.00000000 USD 19190000.00000000 CNY -45483.93000000 N N N TITULOS DE TESORERIA 549300MHDRBVRF6B9117 000000000 6401000000.00000000 PA 1838378.55000000 1.318714470767 Long DBT NUSS CO N 2 2022-05-04 Fixed 7.00000000 N N N N N N REPUBLIC OF PERU 254900STKLK2DBJJZ530 715638DB5 2660000.00000000 PA 783328.03000000 0.561900599046 Long DBT NUSS PE N 2 2040-08-12 Fixed 5.35000000 N N N N N N DEVELOPMENT BANK OF KAZA 213800LCDPGJ1BI7KX98 000000000 620000000.00000000 PA 1396316.42000000 1.001612354987 Long DBT CORP KZ N 2 2023-05-04 Fixed 8.95000000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 000000000 1.00000000 NC USD -30597.11000000 -0.02194806489 N/A DFE CORP US N 2 BARCLAYS PLC 213800LBQA1Y9L22JB70 -3687000.00000000 BRL 674903.90000000 USD 2020-09-16 -30597.11000000 N N N PETROLEOS MEXICANOS 549300CAZKPF4HKMPX17 71654QBA9 16240000.00000000 PA 723307.89000000 0.518846665918 Long DBT CORP MX N 2 2021-11-24 Fixed 7.65000000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 000000000 1.00000000 NC USD 79912.87000000 0.057323481102 N/A DFE CORP US N 2 BARCLAYS PLC 213800LBQA1Y9L22JB70 -2257865.17000000 USD 40190000.00000000 ZAR 2020-09-21 79912.87000000 N N N STANDARD CHARTERED BANK RILFO74KP1CM8P6PCT96 000000000 59000000000.00000000 PA 4353876.71000000 3.123143610121 Long SN CORP GB N 2 2036-05-19 Fixed 8.25000000 N N N N N N FINDETER 54930036EU95I2CWYJ76 31772MAA0 1585000000.00000000 PA 458187.60000000 0.328669314840 Long DBT NUSS CO N 2 2024-08-12 Fixed 7.87500000 N N N N N N BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC USD -3817.93000000 -0.00273869575 N/A DFE CORP US N 2 BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 -33800000.00000000 PHP 681176.94000000 USD 2020-10-15 -3817.93000000 N N N BONOS DE TESORERIA 254900STKLK2DBJJZ530 000000000 1610000.00000000 PA 547095.53000000 0.392445175289 Long DBT NUSS PE N 2 2029-02-12 Fixed 5.94000000 N N N N N N BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC USD -43196.66000000 -0.03098603420 N/A DFE CORP US N 2 BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 -1927020.21000000 USD 9845000.00000000 BRL 2020-09-16 -43196.66000000 N N N REPUBLIC OF SOUTH AFRICA 378900AAFB4F17004C49 000000000 16200000.00000000 PA 734952.83000000 0.527199869827 Long DBT NUSS ZA N 2 2048-02-28 Fixed 8.75000000 N N N N N N AMERICA MOVIL SAB DE CV 5493000FNR3UCEAONM59 000000000 72300.00000000 PA 330952.40000000 0.237400354249 Long DBT CORP MX N 2 2022-12-05 Fixed 6.45000000 N N N N N N REPUBLIC OF SOUTH AFRICA 378900AAFB4F17004C49 000000000 22000000.00000000 PA 1031829.63000000 0.740156952140 Long DBT NUSS ZA N 2 2037-01-31 Fixed 8.50000000 N N N N N N MEX BONOS DESARR FIX RT 254900EGTWEU67VP6075 000000000 24620000.00000000 PA 1233931.61000000 0.885129708484 Long DBT NUSS MX N 2 2042-11-13 Fixed 7.75000000 N N N N N N REPUBLIC OF SOUTH AFRICA 378900AAFB4F17004C49 000000000 81910000.00000000 PA 3045674.35000000 2.184737652966 Long DBT NUSS ZA N 2 2041-02-28 Fixed 6.50000000 N N N N N N REPUBLIC OF PERU 254900STKLK2DBJJZ530 715638BV3 2055000.00000000 PA 714575.25000000 0.512582526937 Long DBT NUSS PE N 2 2028-08-12 Fixed 6.35000000 N N N N N N POLAND GOVERNMENT BOND 259400R9L8QEP0TPXS31 000000000 900000.00000000 PA 269441.31000000 0.193276925755 Long DBT NUSS PL N 2 2022-09-23 Fixed 5.75000000 N N N N N N PETROLEOS MEXICANOS 549300CAZKPF4HKMPX17 000000000 9200000.00000000 PA 359577.45000000 0.257933811660 Long DBT CORP MX N 2 2024-09-12 Fixed 7.19000000 N N N N N N CITIGROUP GLOBAL MARKETS 82VOJDD5PTRDMVVMGV31 173074DL6 31500000.00000000 PA 1238753.83000000 0.888588806337 Long SN CORP US N 2 2022-10-17 Fixed 13.41000000 N N N N N N GRUPO TELEVISA SAB 549300O4AF0C816ILN62 000000000 7270000.00000000 PA 252280.27000000 0.180966886682 Long DBT CORP MX N 2 2043-05-14 Fixed 7.25000000 N N N N N N CHINA GOVERNMENT BOND 300300CHN201808MOF68 000000000 1000000.00000000 PA 144876.56000000 0.103923545097 Long DBT NUSS CN N 2 2026-12-05 Fixed 3.12000000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 000000000 1.00000000 NC USD -18152.74000000 -0.01302141004 N/A DFE CORP US N 2 BARCLAYS PLC 213800LBQA1Y9L22JB70 -7232000.00000000 MYR 1685780.89000000 USD 2020-08-24 -18152.74000000 N N N CZECH REPUBLIC 3157007EFDLQABN47912 000000000 38320000.00000000 PA 1891521.84000000 1.356835469050 Long DBT NUSS CZ N 2 2022-09-12 Fixed 4.70000000 N N N N N N BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC USD -112601.45000000 -0.08077180923 N/A DFE CORP US N 2 BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 -87820000.00000000 THB 2703609.64000000 USD 2020-08-11 -112601.45000000 N N N JP MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 000000000 31994000000.00000000 PA 2572449.08000000 1.845281444950 Long SN CORP US N 2 2031-07-17 Fixed 9.50000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -78896.22000000 -0.05659421287 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -416000000.00000000 HUF 1343278.76000000 USD 2020-10-21 -78896.22000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -188765.07000000 -0.13540586044 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -45220000.00000000 ZAR 2441598.78000000 USD 2020-09-21 -188765.07000000 N N N BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC USD 154206.86000000 0.110616400400 N/A DFE CORP US N 2 BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 -4541188.59000000 USD 146420000.00000000 THB 2020-08-11 154206.86000000 N N N TURKEY GOVERNMENT BOND 5493000PCHOG3B6S3Q85 000000000 3778278.90000000 PA 562554.55000000 0.403534313257 Long DBT NUSS TR N 2 2022-02-23 Fixed 3.00000000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 000000000 1.00000000 NC USD -50360.72000000 -0.03612499189 N/A DFE CORP US N 2 BARCLAYS PLC 213800LBQA1Y9L22JB70 -1289686.63000000 USD 4383000.00000000 PEN 2020-09-22 -50360.72000000 N N N INDONESIA GOVERNMENT 529900FWX0GRR7WG5W79 000000000 16400000000.00000000 PA 1220789.04000000 0.875702217480 Long DBT NUSS ID N 2 2024-03-15 Fixed 8.37500000 N N N N N N MALAYSIA GOVERNMENT 254900GSIL471JOBYY43 000000000 8500000.00000000 PA 2218559.98000000 1.591428027645 Long DBT NUSS MY N 2 2029-08-15 Fixed 3.88500000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 4862.23000000 0.003487798017 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1167000.00000000 TRY 163411.05000000 USD 2020-10-22 4862.23000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 220.68000000 0.000158299230 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1608000000.00000000 IDR 109911.14000000 USD 2020-09-10 220.68000000 N N N ROMANIA GOVERNMENT BOND 315700IASY927EDWBK92 000000000 2050000.00000000 PA 563297.65000000 0.404067357294 Long DBT NUSS RO N 2 2027-07-26 Fixed 5.80000000 N N N N N N INDONESIA GOVERNMENT 529900FWX0GRR7WG5W79 000000000 8900000000.00000000 PA 671950.00000000 0.482006379280 Long DBT NUSS ID N 2 2026-09-15 Fixed 8.37500000 N N N N N N COMISION FEDERAL DE ELEC 4469000001BFPONMPF32 000000000 10700000.00000000 PA 465448.29000000 0.333877587625 Long DBT CORP MX N 2 2025-11-25 Fixed 7.35000000 N N N N N N RUSSIA GOVT BOND - OFZ 5493004EHVGF71PDBU58 000000000 38000000.00000000 PA 598005.93000000 0.428964466266 Long DBT NUSS RU N 2 2039-03-16 Fixed 7.70000000 N N N N N N TURKEY GOVERNMENT BOND 5493000PCHOG3B6S3Q85 000000000 5640000.00000000 PA 802589.02000000 0.575716984270 Long DBT NUSS TR N 2 2022-03-02 Fixed 11.00000000 N N N N N N POLAND GOVERNMENT BOND 259400R9L8QEP0TPXS31 000000000 6215000.00000000 PA 1858584.27000000 1.333208534221 Long DBT NUSS PL N 2 2023-10-25 Fixed 4.00000000 N N N N N N MALAYSIA GOVERNMENT 254900GSIL471JOBYY43 000000000 7100000.00000000 PA 1853020.39000000 1.329217425279 Long DBT NUSS MY N 2 2027-11-16 Fixed 3.89900000 N N N N N N RUSSIA GOVT BOND - OFZ 5493004EHVGF71PDBU58 000000000 45150000.00000000 PA 655776.07000000 0.470404418661 Long DBT NUSS RU N 2 2029-05-23 Fixed 6.90000000 N N N N N N MEX BONOS DESARR FIX RT 254900EGTWEU67VP6075 000000000 10600000.00000000 PA 575338.76000000 0.412704743756 Long DBT NUSS MX N 2 2038-11-18 Fixed 8.50000000 N N N N N N REPUBLICA ORIENT URUGUAY 549300RDR012H2V82H43 917288BL5 33050000.00000000 PA 843231.75000000 0.604871021224 Long DBT NUSS UY N 2 2040-07-02 Fixed 3.87500000 N N N N N N THAILAND GOVERNMENT BOND 254900PHJ6MSKT6C7026 000000000 8400000.00000000 PA 315407.33000000 0.226249490485 Long DBT NUSS TH N 2 2046-06-17 Fixed 2.87500000 N N N N N N HUNGARY GOVERNMENT BOND 5299008DH62LEB10JK83 000000000 190000000.00000000 PA 689067.52000000 0.494285200379 Long DBT NUSS HU N 2 2024-10-24 Fixed 2.50000000 N N N N N N JP MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 000000000 32200000000.00000000 PA 2399782.19000000 1.721423207774 Long SN CORP US N 2 2034-03-17 Fixed 8.37500000 N N N N N N JP MORGAN CHASE BANK NA 7H6GLXDRUGQFU57RNE97 000000000 10000000000.00000000 PA 767260.27000000 0.550374796798 Long SN CORP US N 2 2031-05-19 Fixed 8.75000000 N N N N N N CZECH REPUBLIC 3157007EFDLQABN47912 000000000 11400000.00000000 PA 515194.36000000 0.369561675852 Long DBT NUSS CZ N 2 2030-05-15 Fixed 0.95000000 N N N N N N RUSSIA GOVT BOND - OFZ 5493004EHVGF71PDBU58 000000000 257375000.00000000 PA 3780946.94000000 2.712166894562 Long DBT NUSS RU N 2 2028-01-19 Fixed 7.05000000 N N N N N N SWISS INSURED BRAZIL 254900OBFHBLNHXH1Z48 870880AA9 6650000.00000000 PA 1481942.09000000 1.063033769036 Long DBT CORP LU N 2 2032-07-16 Fixed 9.85000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 13147.67000000 0.009431149360 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -5451784.14000000 USD 38410000.00000000 CNY 2020-10-29 13147.67000000 N N N BANCO DE CREDITO DEL PER 549300EQYQ8SCQZ4BY14 05971U2B2 3100000.00000000 PA 912719.30000000 0.654716162054 Long DBT CORP PE N 2 2024-09-17 Fixed 4.65000000 N N N N N N REPUBLICA ORIENT URUGUAY 549300RDR012H2V82H43 760942BC5 10970000.00000000 PA 254554.28000000 0.182598090383 Long DBT NUSS UY N 2 2028-03-15 Fixed 8.50000000 N N N N N N REPUBLIC OF PHILIPPINES 529900RAHBALMYIJ3T08 718286BM8 17000000.00000000 PA 448021.34000000 0.321376804723 Long DBT NUSS PH N 2 2036-01-14 Fixed 6.25000000 N N N N N N INDONESIA GOVERNMENT 529900FWX0GRR7WG5W79 000000000 4500000000.00000000 PA 335373.29000000 0.240571568152 Long DBT NUSS ID N 2 2034-03-15 Fixed 8.37500000 N N N N N N MALAYSIA GOVERNMENT 254900GSIL471JOBYY43 000000000 4715000.00000000 PA 1243443.90000000 0.891953109721 Long DBT NUSS MY N 2 2026-04-15 Fixed 4.39200000 N N N N N N THAILAND GOVERNMENT BOND 254900PHJ6MSKT6C7026 000000000 70500000.00000000 PA 2785271.50000000 1.997944238452 Long DBT NUSS TH N 2 2031-06-20 Fixed 3.65000000 N N N N N N REPUBLIC OF PERU 254900STKLK2DBJJZ530 715638BD3 4030000.00000000 PA 1445420.86000000 1.036836186122 Long DBT NUSS PE N 2 2031-08-12 Fixed 6.95000000 N N N N N N THAILAND GOVERNMENT BOND 254900PHJ6MSKT6C7026 000000000 72800000.00000000 PA 3049640.92000000 2.187582971880 Long DBT NUSS TH N 2 2029-06-22 Fixed 4.87500000 N N N N N N MEX BONOS DESARR FIX RT 254900EGTWEU67VP6075 000000000 104200000.00000000 PA 5592901.64000000 4.011926883203 Long DBT NUSS MX N 2 2029-05-31 Fixed 8.50000000 N N N N N N POLAND GOVERNMENT BOND 259400R9L8QEP0TPXS31 000000000 5320000.00000000 PA 1557665.94000000 1.117352362330 Long DBT NUSS PL N 2 2026-07-25 Fixed 2.50000000 N N N N N N MALAYSIA GOVERNMENT 254900GSIL471JOBYY43 000000000 6510000.00000000 PA 1690022.64000000 1.212295101731 Long DBT NUSS MY N 2 2027-03-15 Fixed 3.89200000 N N N N N N THAILAND GOVERNMENT BOND 254900PHJ6MSKT6C7026 000000000 31500000.00000000 PA 1244187.90000000 0.892486799350 Long DBT NUSS TH N 2 2038-06-17 Fixed 3.30000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 380306.83000000 0.272803509403 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -7709441.91000000 USD 30280000.00000000 PLN 2020-10-26 380306.83000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 3961.98000000 0.002842026392 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -505730.95000000 USD 25150000.00000000 PHP 2020-10-15 3961.98000000 N N N NOTA DO TESOURO NACIONAL 254900ZFY40OYEADAP90 000000000 16246000.00000000 PA 3556803.01000000 2.551382901501 Long DBT NUSS BR N 2 2023-01-01 Fixed 10.00000000 N N N N N N REPUBLIC OF SOUTH AFRICA 378900AAFB4F17004C49 000000000 41730000.00000000 PA 2008898.98000000 1.441032999017 Long DBT NUSS ZA N 2 2031-02-28 Fixed 7.00000000 N N N N N N CITIGROUP GLOBAL MARKETS 82VOJDD5PTRDMVVMGV31 173074FG5 19500000.00000000 PA 760447.25000000 0.545487648792 Long SN CORP US N 2 2021-11-19 Fixed 15.92000000 N N N N N N HUNGARY GOVERNMENT BOND 5299008DH62LEB10JK83 000000000 160000000.00000000 PA 608036.77000000 0.436159836263 Long DBT NUSS HU N 2 2031-10-22 Fixed 3.25000000 N N N N N N MEX BONOS DESARR FIX RT 254900EGTWEU67VP6075 000000000 7570000.00000000 PA 390286.14000000 0.279961915655 Long DBT NUSS MX N 2 2034-11-23 Fixed 7.75000000 N N N N N N POLAND GOVERNMENT BOND 259400R9L8QEP0TPXS31 000000000 7120000.00000000 PA 2052052.80000000 1.471988303029 Long DBT NUSS PL N 2 2024-04-25 Fixed 2.50000000 N N N N N N REPUBLIC OF SOUTH AFRICA 378900AAFB4F17004C49 000000000 23000000.00000000 PA 1171219.32000000 0.840144629476 Long DBT NUSS ZA N 2 2032-03-31 Fixed 8.25000000 N N N N N N DOMINICAN REPUBLIC 254900EHU7Q8FGVPI369 25714PEA2 88900000.00000000 PA 1491152.37000000 1.069640531020 Long DBT NUSS DO N 2 2026-06-05 Fixed 9.75000000 N N N N N N RUSSIA GOVT BOND - OFZ 5493004EHVGF71PDBU58 000000000 149000000.00000000 PA 2297715.71000000 1.648208393471 Long DBT NUSS RU N 2 2033-03-23 Fixed 7.70000000 N N N N N N REPUBLIC OF CHILE 549300FLZTJM5YJF8D34 168863AU2 79000000.00000000 PA 104394.87000000 0.074885026124 Long DBT NUSS CL N 2 2020-08-05 Fixed 5.50000000 N N N N N N 2020-09-24 PAYDEN & RYGEL INVESTMENT GROUP Sandi Brents Sandi Brents Compliance Officer XXXX