NPORT-EX 2 PR06PaydenEmMkLocBdFd.htm
Payden
Emerging
Markets
Local
Bond
Fund
1
Schedule
of
Investments
-
July
31,
2021
(Unaudited)
Principal
or
Shares
Security
Description
Value
(000)
Bonds
(95%)
Argentina
(ARS)
(0%
)
8,765,600
YPF
SA
144A,
16.50%,
5/09/22
ARS (a)(b)
$
87‌
Brazil
(BRL)
(2%
)
2,873,339
Brazil
Notas
do
Tesouro
Nacional
Serie
B
,
6.00%,
8/15/24
BRL (b)
594‌
715,000
Brazil
Notas
do
Tesouro
Nacional
Serie
B
,
6.00%,
8/15/26
BRL (b)
541‌
2,388,463
Brazil
Notas
do
Tesouro
Nacional
Serie
B
,
6.00%,
8/15/28
BRL (b)
514‌
1,245,000
Brazil
Notas
do
Tesouro
Nacional
Serie
F
,
10.00%,
1/01/25
BRL (b)
251‌
1,900‌
Chile
(CLP)
(2%
)
755,000,000
Bonos
de
la
Tesoreria
de
la
Republica
en
pesos
,
4.50%,
3/01/26
CLP (b)
1,028‌
170,000,000
Bonos
de
la
Tesoreria
de
la
Republica
en
pesos
,
5.00%,
3/01/35
CLP (b)
227‌
350,000,000
Bonos
de
la
Tesoreria
de
la
Republica
en
pesos
,
6.00%,
1/01/43
CLP (b)
510‌
1,765‌
China
(CNY)
(9%
)
9,250,000
China
Government
Bond
,
1.99%,
4/09/25
CNY (b)
1,398‌
16,550,000
China
Government
Bond
,
2.85%,
6/04/27
CNY (b)
2,574‌
5,100,000
China
Government
Bond
,
3.02%,
10/22/25
CNY (b)
802‌
7,600,000
China
Government
Bond
,
3.12%,
12/05/26
CNY (b)
1,200‌
5,750,000
China
Government
Bond
,
3.29%,
5/23/29
CNY (b)
913‌
6,887‌
Colombia
(COP)
(8%
)
2,988,590,850
Colombian
TES
,
3.30%,
3/17/27
COP (b)
804‌
3,568,000,000
Colombian
TES
,
6.00%,
4/28/28
COP (b)
891‌
2,400,000,000
Colombian
TES
,
7.50%,
8/26/26
COP (b)
659‌
5,481,000,000
Colombian
TES
,
7.75%,
9/18/30
COP (b)
1,489‌
4,399,000,000
Colombian
TES
,
10.00%,
7/24/24
COP (b)
1,292‌
1,245,000,000
Empresas
Publicas
de
Medellin
ESP
144A,
7.63%,
9/10/24
COP (a)(b)
325‌
1,436,000,000
Empresas
Publicas
de
Medellin
ESP
144A,
8.38%,
11/08/27
COP (a)(b)
355‌
1,585,000,000
Financiera
de
Desarrollo
Territorial
SA
Findeter
144A,
7.88%,
8/12/24
COP (a)(b)
419‌
6,234‌
Czech
Republic
(CZK)
(3%
)
16,500,000
Czech
Republic
Government
Bond
,
0.45%,
10/25/23
CZK (b)(c)
753‌
5,300,000
Czech
Republic
Government
Bond
,
2.40%,
9/17/25
CZK (b)(c)
255‌
29,380,000
Czech
Republic
Government
Bond
,
2.75%,
7/23/29
CZK (b)
1,481‌
2,489‌
Dominica
Republic
(DOP)
(0%
)
13,900,000
Dominican
Republic
International
Bond
144A,
9.75%,
6/05/26
DOP (a)(b)
279‌
Principal
or
Shares
Security
Description
Value
(000)
Ghana
(USD)
(0%
)
360,000
Ghana
Government
International
Bond
144A,
7.75%,
4/07/29 (a)
$
363‌
Hungary
(HUF)
(3%
)
127,000,000
Hungary
Government
Bond
,
2.50%,
10/24/24
HUF (b)
429‌
94,000,000
Hungary
Government
Bond
,
3.00%,
6/26/24
HUF (b)
322‌
139,000,000
Hungary
Government
Bond
,
3.00%,
8/21/30
HUF (b)
484‌
271,000,000
Hungary
Government
Bond
,
3.25%,
10/22/31
HUF (b)
958‌
95,000,000
Hungary
Government
Bond
,
5.50%,
6/24/25
HUF (b)
356‌
2,549‌
Indonesia
(IDR)
(3%
)
17,000,000,000
Indonesia
Treasury
Bond
,
6.13%,
5/15/28
IDR (b)
1,193‌
8,900,000,000
Indonesia
Treasury
Bond
,
8.38%,
9/15/26
IDR (b)
700‌
4,500,000,000
Indonesia
Treasury
Bond
,
8.38%,
3/15/34
IDR (b)
352‌
2,245‌
Kazakhstan
(KZT)
(2%
)
620,000,000
Development
Bank
of
Kazakhstan
JSC
144A,
8.95%,
5/04/23
KZT (a)(b)
1,463‌
Luxembourg
(BRL)
(1%
)
5,494,877
Swiss
Insured
Brazil
Power
Finance
Sarl
144A,
9.85%,
7/16/32
BRL (a)(b)
1,097‌
Malaysia
(MYR)
(4%
)
3,750,000
Malaysia
Government
Bond
,
3.89%,
8/15/29
MYR (b)
934‌
1,385,000
Malaysia
Government
Bond
,
3.89%,
3/15/27
MYR (b)
347‌
3,950,000
Malaysia
Government
Bond
,
3.90%,
11/16/27
MYR (b)
990‌
1,805,000
Malaysia
Government
Bond
,
4.39%,
4/15/26
MYR (b)
460‌
1,700,000
Malaysia
Government
Bond
,
4.76%,
4/07/37
MYR (b)
446‌
3,177‌
Mexico
(MXN)
(9%
)
72,300
America
Movil
SAB
de
CV
,
6.45%,
12/05/22
MXN (b)
365‌
10,700,000
Comision
Federal
de
Electricidad
,
7.35%,
11/25/25
MXN (b)
515‌
7,270,000
Grupo
Televisa
SAB
,
7.25%,
5/14/43
MXN (b)
266‌
31,400,000
Mexican
Bonos
,
6.50%,
6/09/22
MXN (b)
1,591‌
7,570,000
Mexican
Bonos
,
7.75%,
11/23/34
MXN (b)
401‌
29,500,000
Mexican
Bonos
,
8.00%,
11/07/47
MXN (b)
1,541‌
10,700,000
Mexican
Bonos
,
8.50%,
5/31/29
MXN (b)
592‌
3,300,000
Mexican
Bonos
,
8.50%,
11/18/38
MXN (b)
181‌
18,688,777
Mexican
Udibonos
,
3.50%,
11/16/23
MXN (b)
975‌
9,200,000
Petroleos
Mexicanos
,
7.19%,
9/12/24
MXN (b)
442‌
6,869‌
Peru
(PEN)
(4%
)
2,520,000
Banco
de
Credito
del
Peru
144A,
4.65%,
9/17/24
PEN (a)(b)
621‌
2,545,000
Fondo
MIVIVIENDA
SA
144A,
7.00%,
2/14/24
PEN (a)(b)
673‌
2
Payden
Mutual
Funds
Payden
Emerging
Markets
Local
Bond
Fund
continued
Principal
or
Shares
Security
Description
Value
(000)
4,930,000
Peru
Government
Bond
,
5.40%,
8/12/34
PEN (b)
$
1,045‌
2,210,000
Peru
Government
Bond
,
6.15%,
8/12/32
PEN (b)
534‌
1,250,000
Peruvian
Government
International
Bond
144A,
6.35%,
8/12/28
PEN (a)(b)
326‌
3,199‌
Philippines
(PHP)
(1%
)
17,000,000
Philippine
Government
International
Bond
,
6.25%,
1/14/36
PHP (b)
403‌
Poland
(PLN)
(3%
)
2,370,000
Republic
of
Poland
Government
Bond
,
2.50%,
4/25/24
PLN (b)
648‌
3,970,000
Republic
of
Poland
Government
Bond
,
2.50%,
7/25/26
PLN (b)
1,105‌
3,215,000
Republic
of
Poland
Government
Bond
,
4.00%,
10/25/23
PLN (b)
902‌
2,655‌
Romania
(RON)
(1%
)
2,455,000
Romania
Government
Bond
,
3.65%,
9/24/31
RON (b)
590‌
695,000
Romania
Government
Bond
,
5.00%,
2/12/29
RON (b)
186‌
1,500,000
Romania
Government
Bond
,
5.80%,
7/26/27
RON (b)
415‌
1,191‌
Russian
Federation
(RUB)
(9%
)
45,150,000
Russian
Federal
Bond
-
OFZ
,
6.90%,
5/23/29
RUB (b)
624‌
45,000,000
Russian
Federal
Bond
-
OFZ
,
7.00%,
8/16/23
RUB (b)
619‌
117,775,000
Russian
Federal
Bond
-
OFZ
,
7.05%,
1/19/28
RUB (b)
1,640‌
106,000,000
Russian
Federal
Bond
-
OFZ
,
7.15%,
11/12/25
RUB (b)
1,479‌
46,900,000
Russian
Federal
Bond
-
OFZ
,
7.65%,
4/10/30
RUB (b)
681‌
23,000,000
Russian
Federal
Bond
-
OFZ
,
7.70%,
3/23/33
RUB (b)
336‌
149,770,000
Russian
Federal
Bond
-
OFZ
,
8.15%,
2/03/27
RUB (b)
2,187‌
7,566‌
South
Africa
(ZAR)
(9%
)
56,700,000
Republic
of
South
Africa
Government
Bond
,
6.50%,
2/28/41
ZAR (b)
2,584‌
27,230,000
Republic
of
South
Africa
Government
Bond
,
8.50%,
1/31/37
ZAR (b)
1,591‌
47,600,000
Republic
of
South
Africa
Government
Bond
,
8.75%,
2/28/48
ZAR (b)
2,736‌
6,911‌
South
Korea
(MXN)
(1%
)
12,000,000
Export-Import
Bank
of
Korea
,
7.93%,
7/30/26
MXN (b)
625‌
Thailand
(THB)
(3%
)
24,100,000
Thailand
Government
Bond
,
3.30%,
6/17/38
THB (b)
856‌
44,300,000
Thailand
Government
Bond
,
3.65%,
6/20/31
THB (b)
1,611‌
2,467‌
Principal
or
Shares
Security
Description
Value
(000)
Turkey
(TRY)
(1%
)
3,300,000
Turkey
Government
Bond
,
7.10%,
3/08/23
TRY (b)
$
335‌
2,320,000
Turkey
Government
Bond
,
11.00%,
3/02/22
TRY (b)
265‌
600‌
Ukraine
(UAH)
(1%
)
11,570,000
Ukraine
Government
International
Bond
144A,
11.67%,
11/22/23
UAH (a)(b)
430‌
United
Kingdom
(EGP)
(2%
)
6,510,000
HSBC
Bank
PLC
144A,
14.35%,
7/16/25
EGP (a)(b)(c)
414‌
7,900,000
HSBC
Bank
PLC
144A,
14.56%,
10/18/27
EGP (a)(b)(c)
504‌
6,840,000
HSBC
Bank
PLC
144A,
14.61%,
9/10/25
EGP (a)(b)(c)
438‌
1,356‌
United
Kingdom
(IDR)
(3%
)
14,600,000,000
Standard
Chartered
Bank
144A,
7.00%,
5/24/27
IDR (a)(b)
1,084‌
5,000,000,000
Standard
Chartered
Bank
144A,
8.25%,
5/19/36
IDR (a)(b)
386‌
17,200,000,000
Standard
Chartered
Bank
144A,
8.38%,
3/17/34
IDR (a)(b)
1,344‌
2,814‌
United
Kingdom
(KES)
(0%
)
41,700,000
Standard
Chartered
Bank
144A,
10.90%,
8/13/31
KES (a)(b)
392‌
United
States
(EGP)
(2%
)
21,800,000
Citigroup
Global
Markets
Holdings
Inc.
144A,
12.47%,
9/02/21
EGP (a)(b)(d)
1,380‌
United
States
(IDR)
(5%
)
27,200,000,000
JPMorgan
Chase
Bank
N.A.
(Indonesia
Treasury
Bond)
144A,
8.38%,
3/17/34
IDR (a)(b)
2,125‌
18,994,000,000
JPMorgan
Chase
Bank
N.A.
(Indonesia
Treasury
Bond)
144A,
9.50%,
7/17/31
IDR (a)(b)
1,599‌
3,724‌
United
States
(KZT)
(0%
)
147,200,000
Citigroup
Global
Markets
Holdings
Inc.
144A,
9.26%,
1/24/22
KZT (a)(b)(d)
333‌
United
States
(UAH)
(2%
)
16,500,000
Citigroup
Global
Markets
Holdings
Inc.
144A,
13.41%,
10/17/22
UAH (a)(b)
647‌
7,500,000
Citigroup
Global
Markets
Holdings
Inc.
144A,
15.92%,
11/19/21
UAH (a)(b)
288‌
7,500,000
Citigroup
Global
Markets
Holdings
Inc.
144A,
16.42%,
11/19/21
UAH (a)(b)
288‌
1,223‌
Uruguay
(UYU)
(2%
)
47,288,967
Uruguay
Government
International
Bond
,
3.88%,
7/02/40
UYU (b)
1,250‌
16,862,383
Uruguay
Government
International
Bond
,
4.38%,
12/15/28
UYU (b)
460‌
1,710‌
Uzbekistan
(UZS)
(0%
)
2,960,000,000
Republic
of
Uzbekistan
International
Bond
144A,
14.00%,
7/19/24
UZS (a)(b)
280‌
Total
Bonds
(Cost
-
$81,629)
76,663‌
3
Principal
or
Shares
Security
Description
Value
(000)
Investment
Company
(1%)
1,207,363
Payden
Cash
Reserves
Money
Market
Fund*
(Cost
-
$1,207) 
$
1,207‌
Total
Investments
(Cost
-
$82,836)  (96%)
77,870‌
Other
Assets,
net
of
Liabilities
(
4%
)
2,681‌
Net
Assets
(100%)
$
80,551‌
*
Affiliated
investment.
(a)
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.
(b)
Principal
in
foreign
currency.
(c)
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.
(d)
Yield
to
maturity
at
time
of
purchase.
Open
Forward
Currency
Contracts
to
USD
Currency
Purchased
(000s)
Currency
Sold
(000s)
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
(000s)
Assets:
CNH
2,829
USD  437
HSBC
Bank
USA,
N.A.
08/17/2021
$
–
HUF
408,800
USD  1,343
Barclays
Bank
PLC
10/27/2021
7
INR
44,780
USD  587
HSBC
Bank
USA,
N.A.
01/13/2022
4
MXN
13,280
USD  648
HSBC
Bank
USA,
N.A.
11/29/2021
8
PLN
14,576
USD  3,749
HSBC
Bank
USA,
N.A.
10/28/2021
36
RON
3,503
USD  830
HSBC
Bank
USA,
N.A.
01/18/2022
8
RUB
53,770
USD  717
HSBC
Bank
USA,
N.A.
08/16/2021
16
TRY
5,256
USD  587
Barclays
Bank
PLC
09/17/2021
21
USD
727
THB  23,880
Barclays
Bank
PLC
08/23/2021
–
USD
3,347
COP  12,146,000
Barclays
Bank
PLC
09/14/2021
222
USD
1,045
PEN  4,056
Barclays
Bank
PLC
10/18/2021
47
USD
888
ZAR  12,490
BNP
PARIBAS
10/18/2021
44
USD
1,518
BRL  8,017
HSBC
Bank
USA,
N.A.
11/16/2021
2
USD
2,330
CLP  1,755,653
HSBC
Bank
USA,
N.A.
12/13/2021
28
443
Liabilities:
BRL
26,206
USD  5,143
HSBC
Bank
USA,
N.A.
11/16/2021
(189)
CLP
338,021
USD  443
HSBC
Bank
USA,
N.A.
12/13/2021
–
CZK
40,600
USD  1,947
BNP
PARIBAS
09/15/2021
(60)
MYR
13,520
USD  3,245
Barclays
Bank
PLC
08/24/2021
(45)
THB
100,960
USD  3,210
Barclays
Bank
PLC
08/23/2021
(139)
USD
333
PEN  1,356
Barclays
Bank
PLC
09/03/2021
(1)
USD
303
PHP  15,410
Barclays
Bank
PLC
01/13/2022
(3)
USD
800
RUB  58,940
HSBC
Bank
USA,
N.A.
08/16/2021
(4)
USD
49
CNH  318
HSBC
Bank
USA,
N.A.
08/17/2021
–
(441)
Net
Unrealized
Appreciation
(Depreciation)
$2
Open
Centrally
Cleared
Credit
Default
Swap
Contracts
Description
Maturity
Date
Notional
Amount
(000s)
Value
(000s)
Upfront
payments/
receipts
(000s)
Unrealized
Appreciation
(000s)
Protection
Bought
(Relevant
Credit:
Republic
of
Peru),
Pay
1%
Quarterly,
Receive
upon
credit
default
06/20/2026
$1,065
$0
$(8)
$8