NPORT-EX 2 PR08GlobalFixed.htm
Payden
Global
Fixed
Income
Fund
1
Schedule
of
Investments
-
January
31,
2022
(Unaudited)
Principal
or
Shares
Security
Description
Value
(000)
Bonds
(98%)
Armenia
(USD)
(0%
)
750,000
Republic
of
Armenia
International
Bond
144A,
3.60%,
2/02/31 (a)
$
677‌
Australia
(AUD)
(1%
)
2,450,000
Australia
Government
Bond
Series
145,
2.75%,
6/21/35 (b)(c)
1,875‌
2,700,000
Australia
Government
Bond
Series
139,
3.25%,
4/21/25 (b)(c)
2,025‌
3,900‌
Australia
(USD)
(1%
)
675,000
Commonwealth
Bank
of
Australia
144A,
2.69%,
3/11/31 (a)
644‌
850,000
Macquarie
Bank
Ltd.
144A,
(5
yr.
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
1.700%),
3.05%,
3/03/36 (a)(d)
813‌
1,457‌
Austria
(EUR)
(1%
)
200,000
ams-OSRAM
AG
144A,
6.00%,
7/31/25 (a)(c)
235‌
120,000
Republic
of
Austria
Government
Bond
Series
1
144A,
1.65%,
10/21/24 (a)(b)(c)
143‌
120,000
Republic
of
Austria
Government
Bond
144A,
2.40%,
5/23/34 (a)(b)(c)
168‌
390,000
Republic
of
Austria
Government
Bond
144A,
3.15%,
6/20/44 (a)(b)(c)
678‌
1,224‌
Austria
(USD)
(0%
)
210,000
Klabin
Austria
GmbH
144A,
7.00%,
4/03/49 (a)
230‌
Belgium
(EUR)
(1%
)
100,000
Kingdom
of
Belgium
Government
Bond
Series
74
144A,
0.80%,
6/22/25 (a)(b)(c)
117‌
700,000
Kingdom
of
Belgium
Government
Bond
Series
75
144A,
1.00%,
6/22/31 (a)(b)(c)
839‌
410,000
Kingdom
of
Belgium
Government
Bond
Series
78
144A,
1.60%,
6/22/47 (a)(b)(c)
526‌
1,482‌
Bermuda
(USD)
(1%
)
200,000
Bermuda
Government
International
Bond
144A,
3.38%,
8/20/50 (a)
194‌
1,100,000
Eagle
RE
Ltd.
2021-2
144A,
(U.S.
Secured
Overnight
Financing
Rate
Index
30day
Average
+
2.050%),
2.10%,
4/25/34 (a)(d)
1,104‌
500,000
Home
RE
Ltd.
2021-2
144A,
(U.S.
Secured
Overnight
Financing
Rate
Index
30day
Average
+
1.250%),
1.30%,
1/25/34 (a)(d)
499‌
1,797‌
Canada
(CAD)
(2%
)
1,700,000
Canadian
Government
Bond
,
0.50%,
9/01/25 (c)
1,289‌
1,780,000
Canadian
Government
Bond
,
3.50%,
12/01/45 (c)
1,778‌
1,300,000
Canadian
Government
Bond
,
5.00%,
6/01/37 (c)
1,421‌
900,000
CPPIB
Capital
Inc.
144A,
1.95%,
9/30/29 (a)(c)
692‌
400,000
Municipal
Finance
Authority
of
British
Columbia
,
2.55%,
10/09/29 (c)
319‌
265,000
NuVista
Energy
Ltd.
,
7.88%,
7/23/26 (c)
219‌
500,000
OMERS
Finance
Trust
144A,
2.60%,
5/14/29 (a)
(c)
398‌
Principal
or
Shares
Security
Description
Value
(000)
700,000
Ontario
Teachers'
Finance
Trust
144A,
1.10%,
10/19/27 (a)(c)
$
518‌
6,634‌
Canada
(USD)
(1%
)
212,000
Baytex
Energy
Corp.
144A,
5.63%,
6/01/24 (a)
212‌
525,000
Northriver
Midstream
Finance
LP
144A,
5.63%,
2/15/26 (a)
534‌
1,500,000
Strathcona
Resources
Ltd.
144A,
6.88%,
8/01/26 (a)
1,490‌
2,236‌
Cayman
Islands
(USD)
(5%
)
250,000
Apidos
CLO
XXI
2015-21A
144A,
(3
mo.
LIBOR
USD
+
2.450%),
2.69%,
7/18/27 (a)(d)
250‌
540,000
Atrium
XII
12A
144A,
(3
mo.
LIBOR
USD
+
2.800%),
3.06%,
4/22/27 (a)(d)
537‌
580,489
Barings
CLO
Ltd.
2013-IA
144A,
(3
mo.
LIBOR
USD
+
0.800%),
1.05%,
1/20/28 (a)(d)
581‌
344,346
BDS
Ltd.
2019-FL4
144A,
(1
mo.
LIBOR
USD
+
1.100%),
1.20%,
8/15/36 (a)(d)
345‌
650,000
BDS
Ltd.
2021-FL9
144A,
(1
mo.
LIBOR
USD
+
2.250%),
2.35%,
11/16/38 (a)(d)
652‌
350,000
Benefit
Street
Partners
CLO
XXII
Ltd.
2020-
22A
144A,
(3
mo.
LIBOR
USD
+
2.150%),
2.40%,
1/20/32 (a)(d)
350‌
369,163
CLNC
Ltd.
2019-FL1
144A,
(U.S.
Secured
Overnight
Financing
Rate
Index
30day
Average
+
1.364%),
1.41%,
8/20/35 (a)(d)
370‌
900,000
DP
World
Salaam
,
(5
yr.
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
5.750%),
6.00% (b)(d)(e)
965‌
250,000
FS
Rialto
2021-FL3
144A,
(1
mo.
LIBOR
USD
+
2.500%),
2.61%,
11/16/36 (a)(d)
251‌
1,050,000
Galaxy
XXIII
CLO
Ltd.
2017-23A
144A,
(3
mo.
LIBOR
USD
+
3.400%),
3.66%,
4/24/29 (a)(d)
1,052‌
231,005
GPMT
Ltd.
2019-FL2
144A,
(1
mo.
LIBOR
USD
+
1.300%),
1.41%,
2/22/36 (a)(d)
232‌
400,000
Greystone
CRE
Notes
Ltd.
2021-FL3
144A,
(1
mo.
LIBOR
USD
+
2.200%),
2.30%,
7/15/39 (a)
(d)
396‌
1,350,000
HGI
CRE
CLO
Ltd.
2021-FL2
144A,
(1
mo.
LIBOR
USD
+
1.800%),
1.91%,
9/17/36 (a)(d)
1,338‌
400,000
LoanCore
Issuer
Ltd.
2019-CRE2
144A,
(1
mo.
LIBOR
USD
+
1.500%),
1.61%,
5/15/36 (a)(d)
399‌
900,000
Madison
Park
Funding
XLVIII
Ltd.
2021-48A
144A,
(3
mo.
LIBOR
USD
+
3.000%),
3.25%,
4/19/33 (a)(d)
901‌
620,000
Neuberger
Berman
Loan
Advisers
CLO
Ltd.
2017-25A
144A,
(3
mo.
LIBOR
USD
+
2.850%),
3.09%,
10/18/29 (a)(d)
619‌
900,000
Ocean
Trails
CLO
VII
2019-7A
144A,
(3
mo.
LIBOR
USD
+
2.450%),
2.69%,
4/17/30 (a)(d)
900‌
350,000
OCP
CLO
Ltd.
2014-5A
144A,
(3
mo.
LIBOR
USD
+
2.900%),
3.17%,
4/26/31 (a)(d)
345‌
900,000
Octagon
Investment
Partners
32
Ltd.
2017-1A
144A,
(3
mo.
LIBOR
USD
+
2.050%),
2.29%,
7/15/29 (a)(d)
900‌
300,000
OZLM
XII
Ltd.
2015-12A
144A,
(3
mo.
LIBOR
USD
+
1.600%),
1.90%,
4/30/27 (a)(d)
300‌
300,000
PFP
Ltd.
2019-5
144A,
(1
mo.
LIBOR
USD
+
1.420%),
1.53%,
4/14/36 (a)(d)
300‌
250,000
STWD
Ltd.
2021-FL2
144A,
(1
mo.
LIBOR
USD
+
2.800%),
2.90%,
4/18/38 (a)(d)
249‌
2
Payden
Mutual
Funds
Payden
Global
Fixed
Income
Fund
continued
Principal
or
Shares
Security
Description
Value
(000)
400,000
Symphony
CLO
XXIV
Ltd.
2020-24A
144A,
(3
mo.
LIBOR
USD
+
1.650%),
1.91%,
1/23/32 (a)
(d)
$
400‌
1,100,000
TRTX
Issuer
Ltd.
2021-FL4
144A,
(1
mo.
LIBOR
USD
+
2.400%),
2.50%,
3/15/38 (a)(d)
1,097‌
300,000
Voya
CLO
Ltd.
2015-1A
144A,
(3
mo.
LIBOR
USD
+
2.350%),
2.59%,
1/18/29 (a)(d)
288‌
14,017‌
Colombia
(EUR)
(0%
)
700,000
Colombia
Government
International
Bond
,
3.88%,
3/22/26 (c)
844‌
Denmark
(DKK)
(0%
)
650,000
Denmark
Government
Bond
,
4.50%,
11/15/39 (c)
171‌
Egypt
(USD)
(0%
)
750,000
Egypt
Government
International
Bond
144A,
7.30%,
9/30/33 (a)
657‌
Finland
(EUR)
(1%
)
170,000
Finland
Government
Bond
144A,
2.75%,
7/04/28 (a)(b)(c)
225‌
400,000
Sampo
Oyj
,
(3
mo.
EURIBOR
+
4.050%),
3.38%,
5/23/49 (b)(c)(d)
493‌
650,000
SBB
Treasury
Oyj
,
0.75%,
12/14/28 (b)(c)
681‌
1,399‌
France
(EUR)
(4%
)
500,000
Credit
Mutuel
Arkea
SA
,
1.63%,
4/15/26 (b)(c)
585‌
1,400,000
French
Republic
Government
Bond
OAT
144A,
0.50%,
6/25/44 (a)(b)(c)
1,462‌
3,600,000
French
Republic
Government
Bond
OAT
,
0.75%,
11/25/28 (b)(c)
4,230‌
950,000
French
Republic
Government
Bond
OAT
144A,
1.25%,
5/25/36 (a)(b)(c)
1,160‌
3,820,000
French
Republic
Government
Bond
OAT
,
1.75%,
11/25/24 (b)(c)
4,549‌
11,986‌
France
(USD)
(1%
)
550,000
Altice
France
SA
144A,
5.50%,
10/15/29 (a)
522‌
800,000
BNP
Paribas
SA
144A,
(U.S.
Secured
Overnight
Financing
Rate
+
2.074%),
2.22%,
6/09/26 (a)
(d)
793‌
400,000
BPCE
SA
144A,
2.38%,
1/14/25 (a)
401‌
1,716‌
Germany
(EUR)
(2%
)
2,970,000
Bundesrepublik
Deutschland
Bundesanleihe
,
0.00%,
8/15/26 (b)(c)(f)
3,385‌
950,000
Bundesrepublik
Deutschland
Bundesanleihe
,
1.25%,
8/15/48 (b)(c)
1,353‌
60,000
Bundesrepublik
Deutschland
Bundesanleihe
,
3.25%,
7/04/42 (b)(c)
111‌
900,000
Bundesrepublik
Deutschland
Bundesanleihe
Series
5,
4.00%,
1/04/37 (b)(c)
1,612‌
6,461‌
Guatemala
(USD)
(0%
)
550,000
Guatemala
Government
Bond
144A,
4.65%,
10/07/41 (a)
531‌
Guernsey
(EUR)
(0%
)
1,000,000
Pershing
Square
Holdings
Ltd.
144A,
1.38%,
10/01/27 (a)(c)
1,089‌
Principal
or
Shares
Security
Description
Value
(000)
India
(USD)
(0%
)
665,000
Shriram
Transport
Finance
Co.
Ltd.
144A,
5.95%,
10/24/22 (a)
$
672‌
Indonesia
(EUR)
(0%
)
290,000
Indonesia
Government
International
Bond
144A,
3.75%,
6/14/28 (a)(c)
372‌
Indonesia
(USD)
(0%
)
400,000
Indonesia
Asahan
Aluminium
Persero
PT
144A,
5.45%,
5/15/30 (a)
437‌
200,000
Indonesia
Government
International
Bond
144A,
4.13%,
1/15/25 (a)
213‌
310,000
Perusahaan
Penerbit
SBSN
Indonesia
III
144A,
4.15%,
3/29/27 (a)
335‌
985‌
Ireland
(EUR)
(5%
)
500,000
BBAM
European
CLO
I
DAC
1A
144A,
(3
mo.
EURIBOR
+
2.000%),
2.00%,
7/22/34 (a)(c)(d)
555‌
550,000
Bilbao
CLO
III
DAC
3A
144A,
(3
mo.
EURIBOR
+
3.000%),
3.00%,
5/17/34 (a)(c)(d)
612‌
550,000
BlueMountain
EUR
CLO
DAC
2021-1A
144A,
(3
mo.
EURIBOR
+
3.200%),
3.20%,
4/15/34 (a)(c)(d)
614‌
600,000
Bridgepoint
CLO
DAC
2A
144A,
(3
mo.
EURIBOR
+
2.000%),
2.00%,
4/15/35 (a)(c)(d)
672‌
650,000
Cairn
CLO
XIII
DAC
2021-13A
144A,
(3
mo.
EURIBOR
+
3.400%),
3.40%,
10/20/33 (a)(c)(d)
734‌
800,000
CIFC
European
Funding
CLO
IV
DAC
4A
144A,
(3
mo.
EURIBOR
+
2.100%),
2.10%,
8/18/35 (a)(c)(d)
890‌
700,000
Hayfin
Emerald
CLO
VI
DAC
6A
144A,
(3
mo.
EURIBOR
+
3.500%),
3.50%,
4/15/34 (a)(c)(d)
781‌
250,000
Ireland
Government
Bond
,
1.10%,
5/15/29 (b)(c)
300‌
100,000
Ireland
Government
Bond
,
3.40%,
3/18/24 (b)(c)
122‌
219,019
Last
Mile
Logistics
Pan
Euro
Finance
DAC
1A
144A,
(3
mo.
EURIBOR
+
1.900%),
1.90%,
8/17/33 (a)(c)(d)
247‌
915,896
Last
Mile
Logistics
Pan
Euro
Finance
DAC
1X,
(3
mo.
EURIBOR
+
2.700%),
2.70%,
8/17/33 (b)(c)(d)
1,036‌
239,951
Last
Mile
Securities
PE
DAC
2021-1A
144A,
(3
mo.
EURIBOR
+
2.350%),
2.35%,
8/17/31 (a)
(c)(d)
271‌
350,000
North
Westerly
VII
ESG
CLO
DAC
VII-A
144A,
(3
mo.
EURIBOR
+
0.840%),
0.84%,
5/15/34 (a)(c)(d)
392‌
900,000
Palmer
Square
European
CLO
DAC
2021-1A
144A,
(3
mo.
EURIBOR
+
0.870%),
0.87%,
4/15/34 (a)(c)(d)
1,009‌
800,000
Palmer
Square
European
CLO
DAC
2021-2A
144A,
(3
mo.
EURIBOR
+
2.070%),
2.07%,
4/15/35 (a)(c)(d)
896‌
400,000
Palmer
Square
European
CLO
DAC
2021-2A
144A,
(3
mo.
EURIBOR
+
3.000%),
3.00%,
4/15/35 (a)(c)(d)
446‌
900,000
Providus
CLO
IV
DAC
4A
144A,
(3
mo.
EURIBOR
+
3.250%),
3.25%,
4/20/34 (a)(c)(d)
1,012‌
750,000
Sculptor
European
CLO
V
DAC
5A
144A,
(3
mo.
EURIBOR
+
1.750%),
1.75%,
1/14/32 (a)
(c)(d)
843‌
700,000
Sound
Point
Euro
CLO
V
Funding
DAC
5A
144A,
(3
mo.
EURIBOR
+
3.300%),
3.30%,
7/25/35 (a)(c)(d)
780‌
3
Principal
or
Shares
Security
Description
Value
(000)
550,000
St
Paul's
CLO
XII
DAC
12A
144A,
(3
mo.
EURIBOR
+
3.200%),
3.20%,
4/15/33 (a)(c)(d)
$
616‌
12,828‌
Ireland
(USD)
(0%
)
400,000
AerCap
Ireland
Capital
DAC/AerCap
Global
Aviation
Trust
,
3.30%,
1/30/32 
391‌
Israel
(USD)
(1%
)
900,000
Bank
Leumi
Le-Israel
BM
144A,
(5
yr.
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
1.631%),
3.28%,
1/29/31 (a)(b)(d)
887‌
425,000
Energean
Israel
Finance
Ltd.
144A,
4.88%,
3/30/26 (a)(b)
419‌
310,000
Leviathan
Bond
Ltd.
144A,
6.75%,
6/30/30 (a)
(b)
332‌
1,638‌
Italy
(EUR)
(6%
)
650,000
Almaviva-The
Italian
Innovation
Co.
SpA
144A,
4.88%,
10/30/26 (a)(c)
717‌
350,000
doValue
SpA
144A,
3.38%,
7/31/26 (a)(c)
393‌
800,000
ERG
SpA
,
0.50%,
9/11/27 (b)(c)
880‌
5,000,000
Italy
Buoni
Ordinari
del
Tesoro
BOT
,
0.00%,
2/28/22 (b)(c)(f)
5,619‌
2,660,000
Italy
Buoni
Poliennali
Del
Tesoro
144A,
0.60%,
8/01/31 (a)(b)(c)
2,817‌
1,100,000
Italy
Buoni
Poliennali
Del
Tesoro
144A,
1.50%,
4/30/45 (a)(b)(c)
1,136‌
3,600,000
Italy
Buoni
Poliennali
Del
Tesoro
144A,
1.85%,
7/01/25 (a)(b)(c)
4,267‌
15,829‌
Japan
(JPY)
(13%
)
877,400,000
Japan
Government
Ten
Year
Bond
Series
341,
0.30%,
12/20/25 (c)
7,725‌
670,000,000
Japan
Government
Ten
Year
Bond
Series
330,
0.80%,
9/20/23 (c)
5,903‌
275,000,000
Japan
Government
Thirty
Year
Bond
Series
58,
0.80%,
3/20/48 (c)
2,445‌
333,200,000
Japan
Government
Thirty
Year
Bond
Series
49,
1.40%,
12/20/45 (c)
3,375‌
133,000,000
Japan
Government
Thirty
Year
Bond
Series
33,
2.00%,
9/20/40 (c)
1,457‌
80,000,000
Japan
Government
Thirty
Year
Bond
Series
31,
2.20%,
9/20/39 (c)
895‌
190,000,000
Japan
Government
Thirty
Year
Bond
Series
30,
2.30%,
3/20/39 (c)
2,145‌
782,500,000
Japan
Government
Twenty
Year
Bond
Series
146,
1.70%,
9/20/33 (c)
7,921‌
675,000,000
Japan
Government
Twenty
Year
Bond
Series
104,
2.10%,
6/20/28 (c)
6,645‌
38,511‌
Japan
(USD)
(0%
)
690,000
Nissan
Motor
Co.
Ltd.
144A,
4.81%,
9/17/30 (a)
748‌
Kazakhstan
(USD)
(0%
)
650,000
KazMunayGas
National
Co.
JSC
,
5.75%,
4/19/47 (b)
730‌
Luxembourg
(EUR)
(1%
)
800,000
ADLER
Group
SA
,
1.88%,
1/14/26 (b)(c)
728‌
300,000
Albion
Financing
1
Sarl/Aggreko
Holdings
Inc.
144A,
5.25%,
10/15/26 (a)(c)
332‌
Principal
or
Shares
Security
Description
Value
(000)
600,000
ContourGlobal
Power
Holdings
SA
144A,
3.13%,
1/01/28 (a)(c)
$
637‌
450,000
Logicor
Financing
Sarl
,
1.63%,
7/15/27 (b)(c)
514‌
2,211‌
Luxembourg
(USD)
(1%
)
500,000
Albion
Financing
1
Sarl/Aggreko
Holdings
Inc.
144A,
6.13%,
10/15/26 (a)
500‌
656,073
FEL
Energy
VI
Sarl
144A,
5.75%,
12/01/40 (a)
643‌
1,143‌
Malaysia
(MYR)
(0%
)
1,700,000
Malaysia
Government
Bond
Series
307,
3.50%,
5/31/27 (c)
409‌
Mexico
(MXN)
(0%
)
11,660,000
Mexican
Bonos
Series
M,
5.75%,
3/05/26 (c)
530‌
7,760,000
Mexican
Bonos
Series
M
20,
8.50%,
5/31/29 (c)
395‌
925‌
Mexico
(USD)
(1%
)
750,000
Cibanco
SA
Institucion
de
Banca
Multiple
Trust
CIB/3332
144A,
4.38%,
7/22/31 (a)
702‌
725,000
Corp.
Inmobiliaria
Vesta
SAB
de
CV
144A,
3.63%,
5/13/31 (a)
706‌
900,000
Mexico
City
Airport
Trust
,
3.88%,
4/30/28 (b)
911‌
400,000
Petroleos
Mexicanos
,
5.95%,
1/28/31 
381‌
430,000
Total
Play
Telecomunicaciones
SA
de
CV
144A,
6.38%,
9/20/28 (a)
402‌
3,102‌
Mongolia
(USD)
(0%
)
700,000
Mongolia
Government
International
Bond
144A,
4.45%,
7/07/31 (a)
659‌
Morocco
(EUR)
(0%
)
500,000
Morocco
Government
International
Bond
144A,
2.00%,
9/30/30 (a)(c)
533‌
Netherlands
(EUR)
(2%
)
700,000
easyJet
FinCo
BV
,
1.88%,
3/03/28 (b)(c)
789‌
300,000
Netherlands
Government
Bond
144A,
0.50%,
7/15/26 (a)(b)(c)
348‌
130,000
Netherlands
Government
Bond
144A,
2.25%,
7/15/22 (a)(b)(c)
148‌
530,000
Netherlands
Government
Bond
144A,
4.00%,
1/15/37 (a)(b)(c)
923‌
1,000,000
Prosus
NV
144A,
2.03%,
8/03/32 (a)(c)
1,065‌
900,000
Stellantis
NV
,
3.88%,
1/05/26 (b)(c)
1,126‌
650,000
Teva
Pharmaceutical
Finance
Netherlands
II
BV
,
3.75%,
5/09/27 (c)
708‌
5,107‌
Netherlands
(GBP)
(0%
)
500,000
NIBC
Bank
NV
,
3.13%,
11/15/23 (b)(c)
687‌
Netherlands
(USD)
(0%
)
400,000
Teva
Pharmaceutical
Finance
Netherlands
III
BV
,
4.75%,
5/09/27 
387‌
Poland
(EUR)
(0%
)
450,000
Ardagh
Metal
Packaging
Finance
USA
LLC/
Ardagh
Metal
Packaging
Finance
PLC
144A,
3.00%,
9/01/29 (a)(c)
476‌
Poland
(PLN)
(0%
)
410,000
Republic
of
Poland
Government
Bond
Series
1029,
2.75%,
10/25/29 (c)
92‌
4
Payden
Mutual
Funds
Payden
Global
Fixed
Income
Fund
continued
Principal
or
Shares
Security
Description
Value
(000)
Romania
(EUR)
(0%
)
380,000
Romanian
Government
International
Bond
144A,
2.63%,
12/02/40 (a)(c)
$
356‌
Russian
Federation
(RUB)
(0%
)
14,880,000
Russian
Federal
Bond
-
OFZ
Series
6207,
8.15%,
2/03/27 (c)
184‌
Singapore
(SGD)
(0%
)
280,000
Singapore
Government
Bond
,
3.50%,
3/01/27 (c)
227‌
South
Africa
(ZAR)
(1%
)
45,000,000
Republic
of
South
Africa
Government
Bond
Series
2030,
8.00%,
1/31/30 (c)
2,705‌
Spain
(EUR)
(3%
)
600,000
Banco
de
Sabadell
SA
,
(5
yr.
Euro
Swap
+
6.414%),
6.50% (b)(c)(d)(e)
684‌
375,000
Food
Service
Project
SA
144A,
5.50%,
1/21/27 (a)(c)
419‌
750,000
Grifols
Escrow
Issuer
SA
144A,
3.88%,
10/15/28 (a)(c)
818‌
250,000
Neinor
Homes
SA
144A,
4.50%,
10/15/26 (a)(c)
284‌
3,200,000
Spain
Government
Bond
,
0.03%,
1/31/26 (c)(f)
3,591‌
1,150,000
Spain
Government
Bond
144A,
1.25%,
10/31/30 (a)(b)(c)
1,365‌
660,000
Spain
Government
Bond
144A,
2.90%,
10/31/46 (a)(b)(c)
977‌
8,138‌
Spain
(USD)
(0%
)
600,000
Banco
Santander
SA
,
(1
yr.
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
0.900%),
1.72%,
9/14/27 (d)
576‌
Sri
Lanka
(USD)
(0%
)
350,000
Sri
Lanka
Government
International
Bond
,
6.85%,
11/03/25 (b)
184‌
Sweden
(SEK)
(0%
)
2,900,000
Sweden
Government
Bond
Series
1059,
1.00%,
11/12/26 (b)(c)
322‌
Switzerland
(CHF)
(1%
)
1,050,000
Swiss
Confederation
Government
Bond
,
0.50%,
5/27/30 (b)(c)
1,181‌
Switzerland
(USD)
(0%
)
950,000
Credit
Suisse
Group
AG
144A,
(U.S.
Secured
Overnight
Financing
Rate
+
1.730%),
3.09%,
5/14/32 (a)(d)
924‌
Thailand
(THB)
(0%
)
15,100,000
Thailand
Government
Bond
,
1.60%,
12/17/29 (c)
443‌
United
Arab
Emirates
(USD)
(0%
)
299,430
Acwa
Power
Management
And
Investments
One
Ltd.
144A,
5.95%,
12/15/39 (a)
345‌
United
Kingdom
(GBP)
(4%
)
350,000
Barclays
PLC
,
3.00%,
5/08/26 (b)(c)
481‌
400,000
Bellis
Acquisition
Co.
PLC
144A,
4.50%,
2/16/26 (a)(c)
524‌
350,000
Lloyds
Banking
Group
PLC
,
(5
yr.
UK
Government
Bonds
Note
Generic
Bid
Yield
+
4.607%),
5.13% (c)(d)(e)
481‌
300,000
NatWest
Group
PLC
,
(1
yr.
GBP
interest
rate
swap
+
1.490%),
2.88%,
9/19/26 (b)(c)(d)
411‌
Principal
or
Shares
Security
Description
Value
(000)
130,000
Sage
AR
Funding
No
1
PLC
1A
144A,
(Sterling
Overnight
Index
Average
+
3.000%),
3.05%,
11/17/30 (a)(c)(d)
$
175‌
260,000
United
Kingdom
Gilt
,
4.25%,
12/07/55 (b)(c)
615‌
1,410,000
United
Kingdom
Gilt
,
4.25%,
12/07/55 (b)(c)
3,334‌
1,560,000
United
Kingdom
Gilt
,
4.75%,
12/07/38 (b)(c)
3,131‌
1,420,000
United
Kingdom
Gilt
,
5.00%,
3/07/25 (b)(c)
2,138‌
11,290‌
United
Kingdom
(USD)
(0%
)
520,000
Fresnillo
PLC
144A,
4.25%,
10/02/50 (a)
505‌
United
States
(EUR)
(2%
)
700,000
BorgWarner
Inc.
,
1.00%,
5/19/31 (c)
750‌
550,000
Capital
One
Financial
Corp.
,
1.65%,
6/12/29 (c)
631‌
850,000
Discovery
Communications
LLC
,
1.90%,
3/19/27 (c)
991‌
550,000
International
Flavors
&
Fragrances
Inc.
,
1.80%,
9/25/26 (c)
647‌
700,000
Morgan
Stanley
,
(3
mo.
EURIBOR
+
0.833%),
1.10%,
4/29/33 (c)(d)
766‌
550,000
MPT
Operating
Partnership
LP/MPT
Finance
Corp.
,
0.99%,
10/15/26 (c)
606‌
650,000
Southern
Co.
,
(5
yr.
Euro
Swap
+
2.108%),
1.88%,
9/15/81 (c)(d)
699‌
5,090‌
United
States
(GBP)
(0%
)
350,000
General
Motors
Financial
Co.
Inc.
,
2.35%,
9/03/25 (b)(c)
471‌
United
States
(USD)
(33%
)
400,000
American
Campus
Communities
Operating
Partnership
LP
,
2.25%,
1/15/29 
383‌
390,000
American
Equity
Investment
Life
Holding
Co.
,
5.00%,
6/15/27 
435‌
1,000,000
American
Homes
4
Rent
LP
,
2.38%,
7/15/31 
950‌
1,025,000
American
Tower
Corp.
,
2.30%,
9/15/31 
960‌
470,000
Antero
Resources
Corp.
,
5.00%,
3/01/25 
476‌
256,750
Arbys
Funding
LLC
2020-1A
144A,
3.24%,
7/30/50 (a)
260‌
800,000
AT&T
Inc.
,
4.35%,
3/01/29 
880‌
875,000
Bank
of
America
Corp.
,
(U.S.
Secured
Overnight
Financing
Rate
+
1.010%),
1.20%,
10/24/26 (d)
842‌
350,000
Bank
of
America
Corp.
,
(3
mo.
LIBOR
USD
+
1.210%),
3.97%,
2/07/30 (d)
375‌
1,000,000
Blackstone
Secured
Lending
Fund
,
2.75%,
9/16/26 
983‌
825,000
Boeing
Co.
,
2.20%,
2/04/26 
811‌
400,000
Boston
Properties
LP
,
2.90%,
3/15/30 
399‌
750,000
Broadcom
Inc.
144A,
3.50%,
2/15/41 (a)
714‌
42,688
BX
Commercial
Mortgage
Trust
2018-IND
144A,
(1
mo.
LIBOR
USD
+
1.700%),
1.81%,
11/15/35 (a)(d)
43‌
280,000
BX
Commercial
Mortgage
Trust
2018-IND
144A,
(1
mo.
LIBOR
USD
+
1.800%),
1.91%,
11/15/35 (a)(d)
280‌
225,000
BX
Commercial
Mortgage
Trust
2021-SOAR
144A,
(1
mo.
LIBOR
USD
+
1.800%),
1.91%,
6/15/38 (a)(d)
223‌
164,428
BX
Commercial
Mortgage
Trust
2020-BXLP
144A,
(1
mo.
LIBOR
USD
+
2.000%),
2.11%,
12/15/36 (a)(d)
163‌
637,500
BX
Commercial
Mortgage
Trust
2019-XL
144A,
(1
mo.
LIBOR
USD
+
2.300%),
2.41%,
10/15/36 (a)(d)
631‌
5
Principal
or
Shares
Security
Description
Value
(000)
950,000
BX
Commercial
Mortgage
Trust
2021-VOLT
144A,
(1
mo.
LIBOR
USD
+
2.400%),
2.51%,
9/15/36 (a)(d)
$
943‌
2,296,655
Cantor
Commercial
Real
Estate
Lending
2019-
CF1,
1.11%,
5/15/52 (g)
140‌
269,249
CARS-DB4
LP
2020-1A
144A,
3.25%,
2/15/50 (a)
275‌
350,000
CARS-DB4
LP
2020-1A
144A,
4.17%,
2/15/50 (a)
356‌
220,000
Centene
Corp.
,
4.25%,
12/15/27 
226‌
750,000
Charter
Communications
Operating
LLC/Charter
Communications
Operating
Capital
,
4.80%,
3/01/50 
768‌
297,826
CHC
Commercial
Mortgage
Trust
2019-CHC
144A,
(1
mo.
LIBOR
USD
+
2.050%),
2.16%,
6/15/34 (a)(d)
292‌
91,287
Connecticut
Avenue
Securities
Trust
2020-R01
144A,
(1
mo.
LIBOR
USD
+
2.050%),
2.16%,
1/25/40 (a)(d)
92‌
547,890
Connecticut
Avenue
Securities
Trust
2019-HRP1
144A,
(1
mo.
LIBOR
USD
+
2.150%),
2.26%,
11/25/39 (a)(d)
547‌
150,000
Connecticut
Avenue
Securities
Trust
2020-R02
144A,
(1
mo.
LIBOR
USD
+
3.000%),
3.11%,
1/25/40 (a)(d)
151‌
710,000
Consolidated
Communications
Inc.
144A,
5.00%,
10/01/28 (a)
689‌
900,000
Crescent
Energy
Finance
LLC
144A,
7.25%,
5/01/26 (a)
925‌
825,000
DataBank
Issuer
2021-1A
144A,
2.06%,
2/27/51 (a)
798‌
1,300,000
DB
Master
Finance
LLC
2021-1A
144A,
2.49%,
11/20/51 (a)
1,277‌
479,325
DB
Master
Finance
LLC
2017-1A
144A,
4.03%,
11/20/47 (a)
497‌
400,000
Dell
International
LLC/EMC
Corp.
,
6.10%,
7/15/27 
469‌
1,050,000
Directv
Financing
LLC/Directv
Financing
Co.-
Obligor
Inc.
144A,
5.88%,
8/15/27 (a)
1,056‌
1,100,000
Duquesne
Light
Holdings
Inc.
144A,
2.78%,
1/07/32 (a)
1,050‌
800,000
Equinix
Inc.
,
2.50%,
5/15/31 
767‌
785,000
Evergy
Inc.
,
2.90%,
9/15/29 
786‌
249,499
Fannie
Mae
Connecticut
Avenue
Securities
2018-
C03,
(1
mo.
LIBOR
USD
+
2.150%),
2.26%,
10/25/30 (d)
253‌
199,128
Fannie
Mae
Connecticut
Avenue
Securities
2016-
C07,
(1
mo.
LIBOR
USD
+
9.500%),
9.61%,
5/25/29 (d)
216‌
494,952
Fannie
Mae
Connecticut
Avenue
Securities
2016-
C04,
(1
mo.
LIBOR
USD
+
10.250%),
10.36%,
1/25/29 (d)
548‌
498,273
Fannie
Mae
Connecticut
Avenue
Securities
2016-
C05,
(1
mo.
LIBOR
USD
+
10.750%),
10.86%,
1/25/29 (d)
543‌
457,098
Fannie
Mae-Aces
2018-M13,
3.71%,
9/25/30 (g)
512‌
1,050,000
Flexential
Issuer
2021-1A
144A,
3.25%,
11/27/51 (a)
1,048‌
168,963
FN
AL3577
30YR
,
3.50%,
4/01/43 
180‌
532,511
FN
AS4168
30YR
,
4.00%,
12/01/44 
575‌
1,004,624
FN
BP6345
30YR
,
3.00%,
6/01/50 
1,031‌
1,341,188
FN
BP6626
30YR
,
2.00%,
8/01/50 
1,311‌
619,896
FN
FM1717
30YR
,
3.50%,
12/01/45 
659‌
Principal
or
Shares
Security
Description
Value
(000)
1,128,931
FN
FM3162
30YR
,
3.00%,
11/01/46 
$
1,174‌
1,852,495
FN
FM7194
30YR
,
2.50%,
3/01/51 
1,853‌
1,479,992
FN
FM9195
30YR
,
2.50%,
10/01/51 
1,484‌
1,465,421
FN
FS0007
30YR
,
3.00%,
8/01/50 
1,503‌
1,140,000
FNCL
,
2.50%,
30YR
TBA (h)
1,138‌
1,461,497
FR
RA3728
30YR
,
2.00%,
10/01/50 
1,429‌
2,392,390
FR
SB8509
15YR
,
2.00%,
1/01/36 
2,407‌
522,447
FR
SD0674
30YR
,
2.50%,
9/01/51 
523‌
1,251,047
FR
SD0729
30YR
,
2.00%,
10/01/51 
1,222‌
1,078,067
FR
ZT0534
30YR
,
3.50%,
12/01/47 
1,141‌
425,000
Freddie
Mac
STACR
REMIC
Trust
2021-DNA5
144A,
(U.S.
Secured
Overnight
Financing
Rate
Index
30day
Average
+
1.650%),
1.70%,
1/25/34 (a)(d)
427‌
400,000
Freddie
Mac
STACR
REMIC
Trust
2020-DNA2
144A,
(1
mo.
LIBOR
USD
+
2.500%),
2.61%,
2/25/50 (a)(d)
400‌
114,264
Freddie
Mac
STACR
Trust
2019-HQA2
144A,
(1
mo.
LIBOR
USD
+
2.050%),
2.16%,
4/25/49 (a)(d)
115‌
166,848
Freddie
Mac
STACR
Trust
2019-DNA3
144A,
(1
mo.
LIBOR
USD
+
2.050%),
2.16%,
7/25/49 (a)(d)
168‌
600,000
Freddie
Mac
STACR
Trust
2018-HQA2
144A,
(1
mo.
LIBOR
USD
+
2.300%),
2.41%,
10/25/48 (a)(d)
609‌
266,008
Freddie
Mac
STACR
Trust
2019-DNA1
144A,
(1
mo.
LIBOR
USD
+
2.650%),
2.76%,
1/25/49 (a)(d)
270‌
200,000
Freddie
Mac
STACR
Trust
2019-DNA4
144A,
(1
mo.
LIBOR
USD
+
2.700%),
2.81%,
10/25/49 (a)(d)
200‌
800,000
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes
2021-DNA2
144A,
(U.S.
Secured
Overnight
Financing
Rate
Index
30day
Average
+
3.400%),
3.45%,
8/25/33 (a)(d)
818‌
350,000
FS
KKR
Capital
Corp.
144A,
4.25%,
2/14/25 (a)
(i)
360‌
218,284
G2
MA3663
30YR
,
3.50%,
5/20/46 
229‌
779,490
G2
MA4195
30YR
,
3.00%,
1/20/47 
806‌
2,413,492
G2
MA7472
30YR
,
2.50%,
7/20/51 
2,433‌
350,000
General
Motors
Co.
,
6.25%,
10/02/43 
448‌
575,000
GLP
Capital
LP/GLP
Financing
II
Inc.
,
4.00%,
1/15/31 
592‌
500,000
Goldman
Sachs
Group
Inc.
,
2.60%,
2/07/30 
490‌
425,000
Hyundai
Capital
America
144A,
1.80%,
1/10/28 (a)
402‌
350,000
ITC
Holdings
Corp.
144A,
2.95%,
5/14/30 (a)
350‌
350,000
JPMorgan
Chase
&
Co.
,
(U.S.
Secured
Overnight
Financing
Rate
+
1.510%),
2.74%,
10/15/30 (d)
349‌
488,256
JPMorgan
Chase
Bank
N.A.-CACLN
2021-2
144A,
2.28%,
12/26/28 (a)
485‌
850,000
Kosmos
Energy
Ltd.
144A,
7.13%,
4/04/26 (a)
830‌
860,000
Lennar
Corp.
,
4.50%,
4/30/24 
905‌
680,000
Life
Storage
LP
,
2.20%,
10/15/30 
649‌
290,000
National
Fuel
Gas
Co.
,
5.50%,
1/15/26 
318‌
470,000
Nationwide
Mutual
Insurance
Co.
144A,
9.38%,
8/15/39 (a)
786‌
850,000
Owl
Rock
Capital
Corp.
,
3.75%,
7/22/25 
865‌
63,000
Pacific
Life
Insurance
Co.
144A,
9.25%,
6/15/39 (a)
105‌
600,000
Phillips
Edison
Grocery
Center
Operating
Partnership
I
LP
,
2.63%,
11/15/31 
575‌
6
Payden
Mutual
Funds
Payden
Global
Fixed
Income
Fund
continued
Principal
or
Shares
Security
Description
Value
(000)
750,000
Plains
All
American
Pipeline
LP
B,
(3
mo.
LIBOR
USD
+
4.110%),
6.13% (d)(e)
$
634‌
294,000
Planet
Fitness
Master
Issuer
LLC
2019-1A
144A,
3.86%,
12/05/49 (a)
298‌
700,000
Progress
Residential
Trust
2019-SFR4
144A,
2.69%,
10/17/36 (a)
704‌
400,000
Sabine
Pass
Liquefaction
LLC
,
5.63%,
3/01/25 
437‌
500,000
SBA
Tower
Trust
144A,
2.84%,
1/15/25 (a)
510‌
900,000
Simon
Property
Group
LP
,
2.45%,
9/13/29 
889‌
312,000
Southwestern
Energy
Co.
,
8.38%,
9/15/28 
343‌
700,000
Spirit
Realty
LP
,
2.10%,
3/15/28 
671‌
213,882
STACR
Trust
2018-HRP1
144A,
(1
mo.
LIBOR
USD
+
1.650%),
1.76%,
4/25/43 (a)(d)
214‌
850,000
Stellantis
Finance
U.S.
Inc.
144A,
2.69%,
9/15/31 (a)
806‌
1,050,000
Stillwater
Mining
Co.
144A,
4.00%,
11/16/26 (a)
1,007‌
825,000
Taco
Bell
Funding
LLC
2021-1A
144A,
1.95%,
8/25/51 (a)
798‌
640,000
Toledo
Hospital
B,
5.33%,
11/15/28 
713‌
375,000
TSMC
Arizona
Corp.
,
2.50%,
10/25/31 
370‌
4,030,000
U.S.
Treasury
Bond
,
1.88%,
2/15/51 
3,818‌
3,610,000
U.S.
Treasury
Bond
,
2.25%,
8/15/46 (j)(k)
3,659‌
5,130,000
U.S.
Treasury
Bond
,
4.50%,
5/15/38 
6,940‌
130,000
U.S.
Treasury
Note
,
1.25%,
11/30/26 
128‌
14,769,000
U.S.
Treasury
Note
,
1.25%,
8/15/31 
14,096‌
700,000
United
Natural
Foods
Inc.
144A,
6.75%,
10/15/28 (a)
744‌
250,000
Venture
Global
Calcasieu
Pass
LLC
144A,
3.88%,
11/01/33 (a)
248‌
800,000
VMware
Inc.
,
2.20%,
8/15/31 
748‌
96,421‌
Uzbekistan
(USD)
(0%
)
650,000
Republic
of
Uzbekistan
International
Bond
144A,
3.90%,
10/19/31 (a)
608‌
Virgin
Islands
(British)
(USD)
(1%
)
1,000,000
1MDB
Global
Investments
Ltd.
,
4.40%,
3/09/23 (b)
1,001‌
550,000
Central
American
Bottling
Corp./CBC
Bottling
Holdco
SL/Beliv
Holdco
SL
144A,
5.25%,
4/27/29 (a)
559‌
1,560‌
Total
Bonds
(Cost
-
$289,899)
278,473‌
Bank
Loans(l)
(2%
)
507,000
Ascent
Resources
Utica
Holdings
LLC
Term
Loan
2L,
(LIBOR
USD
3-Month
+
9.000%),
10.00%,
11/01/25 
549‌
192,500
Avast
Software
sro
Term
Loan
B
1L,
(3
mo.
EURIBOR
+
2.000%),
2.00%,
3/22/28
EUR (c)
216‌
500,000
CAB
Selas
Term
Loan
B
1L,
(6
mo.
EURIBOR
+
3.000%),
3.50%,
2/09/28
EUR (c)
554‌
1,075,250
DirectV
Financing
LLC
Closing
Date
Term
Loan
1L,
(LIBOR
USD
3-Month
+
5.000%),
5.75%,
8/02/27 
1,078‌
Principal
or
Shares
Security
Description
Value
(000)
315,089
IRB
Holding
Corp.
Term
Loan
B
1L,
(LIBOR
USD
3-Month
+
2.750%),
3.75%,
2/05/25 
$
315‌
500,000
KP
Germany
Erste
GmbH
Term
Loan
B
1L,
(6
mo.
EURIBOR
+
4.750%),
4.75%,
2/09/26
EUR (c)
541‌
350,000
Southwestern
Energy
Co.
Term
Loan
B
1L,
(LIBOR
USD
3-Month
+
1.500%),
3.00%,
6/22/27 
351‌
1,084,155
Standard
Industries
Inc.
Term
Loan
B
1L,
(LIBOR
USD
3-Month
+
2.500%),
3.00%,
9/22/28 
1,086‌
482,481
Tacala
Investment
Corp.
Term
Loan
B
1L,
(LIBOR
USD
1-Month
+
3.500%),
4.25%,
2/05/27
483‌
500,307
United
Natural
Foods
Inc.
Term
Loan
B
1L,
(LIBOR
USD
1-Month
+
3.250%),
3.36%,
10/22/25 
501‌
1,100,000
Whatabrands
LLC
Term
Loan
B
1L,
(LIBOR
USD
1-Month
+
3.250%),
3.75%,
8/03/28
1,099‌
Total
Bank
Loans
(Cost
-
$6,834)
6,773‌
Investment
Company
(1%)
1,328,990
Payden
Cash
Reserves
Money
Market
Fund
 *
1,543‌
146,702
Payden
Floating
Rate
Fund,
SI
Class
 *
1,449‌
Total
Investment
Company
(Cost
-
$3,011)
2,992‌
Total
Investments
(Cost
-
$299,744)  (99%)
288,238‌
Other
Assets,
net
of
Liabilities
(
1%
)
2,383‌
Net
Assets
(100%)
$
290,621‌
*
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)
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.
(c)
Principal
in
foreign
currency.
(d)
Floating
rate
security.
The
rate
shown
reflects
the
rate
in
effect
at
January
31,
2022.
(e)
Perpetual
security
with
no
stated
maturity
date.
(f)
Yield
to
maturity
at
time
of
purchase.
(g)
Variable
rate
security.
Interest
rate
disclosed
is
as
of
the
most
recent
information
available.
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions.
These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description
above.
(h)
Security
was
purchased
on
a
delayed
delivery
basis.
(i)
All
or
a
portion
of
these
securities
are
on
loan.
At
January
31,
2022,
the
total
market
value
of
the
Fund’s
securities
on
loan
is
$206
and
the
total
market
value
of
the
collateral
held
by
the
Fund
is
$214.
Amounts
in
000s.
(j)
All
or
a
portion
of
the
security
is
pledged
to
cover
futures
contract
margin
requirements.
(k)
All
or
a
portion
of
security
has
been
pledged
in
connection
with
outstanding
centrally
cleared
swaps.
(l)
Floating
rate
security.
The
rate
shown
reflects
the
rate
in
effect
at
January
31,
2022.
The
stated
maturity
is
subject
to
prepayments.
7
Open
Forward
Currency
Contracts
to
USD
Currency
Purchased
(000s)
Currency
Sold
(000s)
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
(000s)
Assets:
IDR
20,530,000
USD  1,418
Citibank,
N.A.
03/15/2022
$
5
JPY
525,600
USD  4,563
State
Street
Bank
&
Trust
Co.
04/14/2022
8
SGD
1,912
USD  1,412
Citibank,
N.A.
03/15/2022
3
USD
692
RUB  51,840
Citibank,
N.A.
03/15/2022
29
USD
1,058
EUR  922
Citibank,
N.A.
03/17/2022
20
USD
1,268
CHF  1,151
Citibank,
N.A.
04/19/2022
23
USD
227
PLN  906
Citibank,
N.A.
04/19/2022
7
USD
13,814
GBP  10,198
HSBC
Bank
USA,
N.A.
02/10/2022
99
USD
190
DKK  1,235
HSBC
Bank
USA,
N.A.
04/19/2022
4
USD
1,349
MXN  27,980
HSBC
Bank
USA,
N.A.
04/19/2022
11
USD
357
SEK  3,182
HSBC
Bank
USA,
N.A.
04/19/2022
15
USD
250
SGD  336
HSBC
Bank
USA,
N.A.
04/19/2022
1
USD
3,046
EUR  2,680
HSBC
Bank
USA,
N.A.
04/20/2022
30
USD
232
RUB  17,890
HSBC
Bank
USA,
N.A.
05/18/2022
7
USD
98
CNH  625
HSBC
Bank
USA,
N.A.
05/23/2022
–
USD
79,038
EUR  69,945
State
Street
Bank
&
Trust
Co.
02/10/2022
443
USD
204
GBP  150
State
Street
Bank
&
Trust
Co.
02/10/2022
3
USD
4,556
GBP  3,350
State
Street
Bank
&
Trust
Co.
04/14/2022
52
USD
4,234
AUD  5,799
State
Street
Bank
&
Trust
Co.
04/19/2022
132
USD
7,349
CAD  9,177
State
Street
Bank
&
Trust
Co.
04/19/2022
131
1,023
Liabilities:
EUR
800
USD  904
HSBC
Bank
USA,
N.A.
02/10/2022
(5)
GBP
600
USD  818
HSBC
Bank
USA,
N.A.
02/10/2022
(11)
JPY
80,000
USD  698
Citibank,
N.A.
02/10/2022
(3)
RUB
51,840
USD  710
Citibank,
N.A.
03/15/2022
(46)
SEK
27,587
USD  3,044
HSBC
Bank
USA,
N.A.
04/20/2022
(82)
USD
456
THB  15,270
Barclays
Bank
PLC
02/10/2022
(3)
USD
434
MYR  1,856
Barclays
Bank
PLC
02/11/2022
(9)
USD
39,738
JPY  4,610,700
Citibank,
N.A.
02/10/2022
(331)
USD
2,786
ZAR  43,500
Citibank,
N.A.
04/19/2022
(13)
(503)
Net
Unrealized
Appreciation
(Depreciation)
$
520
Open
Futures
Contracts
Contract
Type
Number
of
Contracts
Expiration
Date
Notional
Amount
(000s)
Current
Value
(000s)
Unrealized
Appreciation
(Depreciation)
(000s)
Long
Contracts:
Euro-Bund
Future
47
Mar-22
$
8,929
$
(267)
$
(267)
Euro-Buxl
Future
9
Mar-22
2,056
(131)
(131)
Euro-Schatz
Future
46
Mar-22
5,781
(14)
(14)
Long
Gilt
Future
13
Mar-22
2,132
(50)
(50)
U.S.
Long
Bond
Future
17
Mar-22
2,646
(80)
(80)
U.S.
Treasury
10-Year
Note
Future
4
Mar-22
512
(10)
(10)
U.S.
Treasury
2-Year
Note
Future
55
Mar-22
11,916
(96)
(96)
U.S.
Treasury
5-Year
Note
Future
78
Mar-22
9,298
(8)
(8)
U.S.
Ultra
Bond
Future
17
Mar-22
3,212
(110)
(110)
a
a
(766)
Short
Contracts:
Euro-Bobl
Future
33
Mar-22
(4,903)
36
36
8
Payden
Mutual
Funds
Payden
Global
Fixed
Income
Fund
continued
Open
Futures
Contracts
Contract
Type
Number
of
Contracts
Expiration
Date
Notional
Amount
(000s)
Current
Value
(000s)
Unrealized
Appreciation
(Depreciation)
(000s)
Euro-Oat
Future
29
Mar-22
$
(5,246)
$
176
$
176
U.S.
10-Year
Ultra
Future
153
Mar-22
(21,852)
463
463
a
a
675
Total
Futures
$(91)
Open
Centrally
Cleared
Interest
Rate
Swap
Contracts
Description
Maturity
Date
Notional
Amount
(000s)
Value
(000s)
Upfront
payments/
receipts
(000s)
Unrealized
Appreciation/
(Depreciation)
(000s)
10-Year
Interest
Rate
Swap,
Pay
Fixed
0.2990%
Semi-
Annually,
Receive
Variable
1.2673%
(3-Month
USD
LIBOR)
Quarterly
07/30/2031
USD
4,681
$
236
$
–
$
236
10-Year
Interest
Rate
Swap,
Receive
Fixed
1.125%
Quarterly,
Pay
Variable
1.300%
(3M
KWCDC)
Quarterly
10/07/2029
KRW
1,584,200
(108)
–
(108)
10-Year
Interest
Rate
Swap,
Receive
Fixed
1.800%
Quarterly,
Pay
Variable
1.270%
(3M
KWCDC)
Quarterly
09/23/2031
KRW
2,288,000
(73)
–
(73)
5-Year
Interest
Rate
Swap,
Receive
Fixed
2.580%
Quarterly,
Pay
Variable
2.580%
(CNRR007)
Quarterly
02/05/2025
CNY
2,350
5
–
5
5-Year
Interest
Rate
Swap,
Receive
Fixed
2.635%
Quarterly,
Pay
Variable
2.580%
(CNRR007)
Quarterly
01/08/2026
CNY
38,600
100
–
100
5-Year
Interest
Rate
Swap,
Receive
Fixed
2.715%
Quarterly,
Pay
Variable
2.5800%
(CNRR007)
Quarterly
09/16/2025
CNY
12,200
36
–
36
5-Year
Interest
Rate
Swap,
Receive
Fixed
2.720%
Quarterly,
Pay
Variable
2.040%
(CNRR007)
Quarterly
10/14/2025
CNY
10,000
30
–
30
5-Year
Interest
Rate
Swap,
Receive
Fixed
2.825%
Quarterly,
Pay
Variable
2.580%
(CNRR007)
Quarterly
04/08/2026
CNY
35,000
134
–
134
5-Year
Interest
Rate
Swap,
Receive
Fixed
2.920%
Quarterly,
Pay
Variable
2.550%
(CNRR007)
Quarterly
01/17/2025
CNY
11,580
41
–
41
5-Year
Interest
Rate
Swap,
Receive
Fixed
2.960%
Quarterly,
Pay
Variable
2.580%
(CNRR007)
Quarterly
12/09/2024
CNY
28,890
107
–
107
5-Year Interest
Rate
Swap,
Receive
Fixed
2.350%
Quarterly,
Pay
Variable
2.550%
(CNRR007)
Quarterly
07/03/2025
CNY
11,800
11
–
11
5-Year Interest
Rate
Swap,
Receive
Fixed
2.4810%
Quarterly,
Pay
Variable
2.0800%
(CNRR007)
Quarterly
09/22/2026
CNY
33,000
58
–
58
$577
$–
$577
Open
Centrally
Cleared
Zero-Coupon
Inflation
Swap
Contracts
Description
Maturity
Date
Notional
Amount
(000s)
Value
(000s)
Upfront
payments/
receipts
(000s)
Unrealized
Depreciation
(000s)
10
Year
Zero-Coupon
Inflation
Swap,
Receive
Fixed
2.5625%
at
Maturity,
Pay
Variable
(Change
in
CPI)
at
Maturity
07/30/2031
USD
4,066
$(182)
$–
$(182)
9
Open
OTC
Interest
Rate
Swap
Contracts
Description
Maturity
Date
Notional
Amount
(000s)
Value
(000s)
Upfront
payments/
receipts
(000s)
Unrealized
Depreciation
(000s)
5-Year
Interest
Rate
Swap,
Receive
Fixed
1.850%
Quarterly,
Pay
Variable
2.55%
(CNRR007)
Quarterly,
Counterparty:
Goldman
Sachs
&
Co.
05/08/2025
CNY
16,000
$(26)
$–
$(26)