# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0000940400-26-011805
**Filing Date:** 2026-3
**Character Count:** 37113
**Document Hash:** 757db0d0d61a26bce4eee45836a81499
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-011805.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0000940400-26-011805

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260130

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 26805788

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Equity Income Fund (Series ID: S000011766)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000032191 | Payden Equity Income Fund (Investor Class) | PYVLX           |
| C000110231 | Payden Equity Income Fund (Adviser Class)  | PYVAX           |
| C000146917 | Payden Equity Income Fund (SI Class)       | PYVSX           |

## Nport-Ex

#### Payden

#### Equity

#### Income

#### Fund

#### Schedule

#### of

#### Investments
*-* 

*January* 

*31* 

*,* 

*2026* 

(Unaudited)

Principal

or

Shares

Security

Description

Value

(000) Corporate

Bond

(2%)

10,300,000

Citigroup

Inc.

FF,

(5

yr.

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

2.726%),

6.95% (a)(b)

$

10,616

5,700,000

Corebridge

Financial

Inc.

,

(5

yr.

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.181%),

6.88% (a)(b)

5,926

5,700,000

Huntington

Bancshares

Inc.

K,

(5

yr.

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

2.653%),

6.25% (a)(b)

5,703

2,800,000

Land

O'

Lakes

Inc.

144A,

7.00% (b)(c)

2,506

Total

Corporate

Bond

(Cost

-

$24,782)

24,751

Common

Stock

(91%)

Communication

(9%)

128,700

Alphabet

Inc.,

Class

A

43,501

120,900

Corning

Inc.

12,483

16,900

Meta

Platforms

Inc.,

Class

A

12,109

52,800

T-Mobile

U.S.

Inc.

10,412

265,400

Verizon

Communications

Inc.

11,816

67,000

Walt

Disney

Co.

7,558

97,879

Consumer

Discretionary

(7%)

114,900

Amazon.com

Inc. (d)

27,496

89,000

Hasbro

Inc.

7,949

33,800

McDonald's

Corp.

10,647

122,000

TJX

Cos.

Inc.

18,277

64,369

Consumer

Staple

(4%)

135,600

Mondelez

International

Inc.,

Class

A

7,929

70,300

PepsiCo

Inc.

10,800

167,400

Walmart

Inc.

19,944

38,673

Energy

(3%)

103,100

Chevron

Corp.

18,238

62,500

Valero

Energy

Corp.

11,339

29,577

Financial

(24%)

25,500

American

Express

Co.

8,980

1,434,000

Aviva

PLC (e)

12,501

481,600

Bank

of

America

Corp.

25,621

20,500

Blackrock

Inc.

22,938

234,800

Fifth

Third

Bancorp

11,792

134,100

JPMorgan

Chase

&

Co.

41,020

95,700

MetLife

Inc.

7,549

153,500

Morgan

Stanley

28,060

87,400

Nasdaq

Inc.

8,468

1,973,500

NatWest

Group

PLC (e)

17,988

34,900

PNC

Financial

Services

Group

Inc.

7,758

15,200

S&P

Global

Inc.

8,022

31,500

Visa

Inc.,

Class

A

10,138

299,300

Wells

Fargo

&

Co.

27,084

237,919

Healthcare

(13%)

54,700

AbbVie

Inc.

12,199

178,900

Corteva

Inc.

13,024

248,700

CVS

Health

Corp.

18,533

42,900

Danaher

Corp.

9,390

90,200

Gilead

Sciences

Inc.

12,804

61,400

Johnson

&

Johnson

13,953

18,500

McKesson

Corp.

15,377

Principal

or

Shares

Security

Description

Value

(000) 188,500

Merck

&

Co.

Inc.

$

20,786

294,500

Pfizer

Inc.

7,787

85,900

Quest

Diagnostics

Inc.

16,066

26,700

Stryker

Corp.

9,867

14,900

UnitedHealth

Group

Inc.

4,275

154,061

Industrial

(13%)

72,200

AMETEK

Inc.

16,171

29,700

Cummins

Inc.

17,191

36,900

Eaton

Corp.

PLC

12,967

68,700

General

Electric

Co.

21,076

35,300

Honeywell

International

Inc.

8,031

103,000

ITT

Inc.

18,777

108,700

Johnson

Controls

International

PLC

12,964

90,500

RTX

Corp.

18,184

22,100

Westinghouse

Air

Brake

Technologies

Corp.

5,086

130,447

Material

(3%)

156,300

CRH

PLC

19,133

45,600

Nucor

Corp.

8,104

27,237

Technology

(9%)

63,000

Analog

Devices

Inc.

19,585

25,300

Broadcom

Inc.

8,382

253,900

Cisco

Systems

Inc.

19,885

58,400

International

Business

Machines

Corp.

17,911

29,200

Microsoft

Corp.

12,564

28,300

NVIDIA

Corp.

5,409

43,500

Texas

Instruments

Inc.

9,376

93,112

Utility

(6%)

299,800

Dominion

Energy

Inc.

18,039

171,500

Duke

Energy

Corp.

20,812

231,700

Exelon

Corp.

10,376

470,900

SSE

PLC (e)

15,652

29,300

Vistra

Corp.

4,640

69,519

Total

Common

Stock

942,793

Master

Limited

Partnership

(3%)

845,700

Energy

Transfer

LP

15,603

408,900

Enterprise

Products

Partners

LP

13,572

Total

Master

Limited

Partnership

29,175

Real

Estate

Investment

Trust

(3%)

344,500

Annaly

Capital

Management

Inc.

7,927

93,500

Prologis

Inc.

12,207

71,400

Simon

Property

Group

Inc.

13,660

Total

Real

Estate

Investment

Trust

33,794

Total

Stock

(Cost

-

$778,026)

1,005,762

8,967,894

Payden

Cash

Reserves

Money

Market

Fund

0.01%\*

(Cost - $8,968)

8,968

Total

Investments

(Cost

-

$811,776)

(100%)

1,039,481

Other

Assets,

net

of

Liabilities

(0%)

547

Net

Assets

(100%)

$

1,040,028

#### Payden

#### Mutual

#### Funds

#### Payden

#### Equity

#### Income

#### Fund
*continued*

\*

Affiliated

investment.

(a) Floating

rate

security.

The

rate

shown

reflects

the

rate

in

effect

at

January

31,

2026. (b) Perpetual

security

with

no

stated

maturity

date.

(c) 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.

(d) Non-income

producing

(e) Principal

in

foreign

currency.

#### Open

#### Forward

#### Currency

#### Contracts

#### to

#### USD
Currency

Purchased

(000s)

Currency

Sold

(000s)

Counterparty

Settlement

Date

Unrealized

Appreciation

(Depreciation)

(000s)

Assets:

EUR

21,616

USD 25,369

Morgan

Stanley

03/18/2026

$

GBP

500

USD 659

Morgan

Stanley

03/18/2026

JPY

1,159,334

USD 7,362

Morgan

Stanley

03/18/2026

Liabilities:

USD

26,286

EUR 22,156

Morgan

Stanley

03/18/2026

(37) USD

46,403

GBP 34,338

Morgan

Stanley

03/18/2026

(580) USD

7,621

JPY 1,187,534

Morgan

Stanley

03/18/2026

(83) (700) Net

Unrealized

Appreciation

(Depreciation)

$(204)

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** PAYDEN & RYGEL INVESTMENT GROUP

- **b. Investment Company Act file number:** 811-06625

- **c. CIK number of Registrant:** 0000885709

- **d. LEI of Registrant:** 549300QJNYRKYZS3P282

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 333 South Grand Avenue

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-625-1900

**Item A.2. Information about the Series.**

- **a. Name of Series:** Payden Equity Income Fund

- **b. EDGAR series identifier (if any):** S000011766

- **c. LEI of Series:** 549300L8QNASEIIT7I11

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1041266848.13

**Total Liabilities:** $1430603.20

**Net Assets:** $1039836244.93

**Cash Not Reported:** $2692540.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032191 | 2.05%                | -0.41%               | 2.42%                |
| Class ID C000110231 | 2.00%                | -0.40%               | 2.37%                |
| Class ID C000146917 | 2.04%                | -0.39%               | 2.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $20607165.99             | $-1092046.40                               |
| Month 2  | $8289447.41              | $-12843998.29                              |
| Month 3  | $322618.86               | $23966527.79                               |

**Designated Index Information**

- **Index Name:** Russell 1000 Value Index (Total Return)

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                   | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MORGAN STANLEY & CO. LLC               | USD/JPY FORWARD                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-83067.08    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Walmart Inc                            | Walmart Inc                              | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    167400 | NS      | $19944036.00  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                   | Bank of America Corp                     | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    481600 | NS      | $25621120.00  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                        | TJX Cos Inc/The                          | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    122000 | NS      | $18276820.00  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                     | Energy Transfer LP                       | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |    617900 | NS      | $11400255.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                                    | International Business Machines Corp     | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     58400 | NS      | $17911280.00  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                               | RTX Corp                                 | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     74000 | NS      | $14868820.00  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC               | Corebridge Financial Inc                 | CUSIP: 21871XAU3<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   5700000 | PA      | $5926193.10   | 0.57%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                    | Fifth Third Bancorp                      | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    234800 | NS      | $11791656.00  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                  | Quest Diagnostics Inc                    | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     85900 | NS      | $16065877.00  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                          | Accenture PLC                            | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     27100 | NS      | $7144644.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC               | USD/JPY FORWARD                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $159653.25    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                    | Dominion Energy Inc                      | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    299800 | NS      | $18038966.00  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                           | Chevron Corp                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92300 | NS      | $16327870.00  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                            | Vistra Corp                              | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     29300 | NS      | $4639655.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                         | Eaton Corp PLC                           | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     30200 | NS      | $10612884.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                          | Citigroup Inc                            | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  10300000 | PA      | $10616086.40  | 1.02%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Annaly Capital Management Inc          | Annaly Capital Management Inc            | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |    344500 | NS      | $7926945.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                     | Walt Disney Co/The                       | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     67000 | NS      | $7557600.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                        | Cigna Group/The                          | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     27400 | NS      | $7510614.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc            | Honeywell International Inc              | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     35300 | NS      | $8031456.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                       | Duke Energy Corp                         | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    171500 | NS      | $20811525.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC               | GBP/USD FORWARD                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-581359.63   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Westinghouse Air Brake Technol         | Westinghouse Air Brake Technologies Corp | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     22100 | NS      | $5086094.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                         | Morgan Stanley                           | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    153500 | NS      | $28059800.00  | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                             | Nasdaq Inc                               | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     87400 | NS      | $8468186.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International         | Johnson Controls International plc       | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |     84500 | NS      | $10077470.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                            | Cummins Inc                              | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     29700 | NS      | $17190954.00  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                    | JPMorgan Chase & Co                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    134100 | NS      | $41019849.00  | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                          | Blackrock Inc                            | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |     20500 | NS      | $22938270.00  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                            | MetLife Inc                              | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     95700 | NS      | $7548816.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                        | CVS Health Corp                          | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    248700 | NS      | $18533124.00  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC                      | NatWest Group PLC                        | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |   1973500 | NS      | $17988027.41  | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC               | USD/EUR FORWARD                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-36740.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Visa Inc                               | Visa Inc                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     31500 | NS      | $10137645.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                            | Corning Inc                              | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |    120900 | NS      | $12482925.00  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                            | PepsiCo Inc                              | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     70300 | NS      | $10800189.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                           | Danaher Corp                             | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     42900 | NS      | $9390381.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L         | Enterprise Products Partners LP          | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |    408900 | NS      | $13571391.00  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                         | Amazon.com Inc                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    114900 | NS      | $27495570.00  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                         | Microsoft Corp                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     29200 | NS      | $12564468.00  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Payden Cash Reserves Money Market Fund | Payden Cash Reserves Money Market Fund   | CUSIP: 704329598<br>LEI: 549300SI0EB26HO5RT16 | Long             | STIV             | RF                | US        |   9019707 | NS      | $9019706.57   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                 | UnitedHealth Group Inc                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     14900 | NS      | $4275257.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                             | Nucor Corp                               | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     45600 | NS      | $8104032.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC               | EUR/USD FORWARD                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $312852.72    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc                           | Broadcom Inc                             | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     25300 | NS      | $8381890.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                                | SSE PLC                                  | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |    470900 | NS      | $15651515.86  | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| LAND O'LAKES INC                       | Land O' Lakes Inc                        | CUSIP: 514666AN6<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2506000.00   | 0.24%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc                    | Gilead Sciences Inc                      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     90200 | NS      | $12803890.00  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                | ITT Inc                                  | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |    103000 | NS      | $18776900.00  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                             | Pfizer Inc                               | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    194500 | NS      | $5142580.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                     | Valero Energy Corp                       | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     62500 | NS      | $11339375.00  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                      | Cisco Systems Inc                        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    253900 | NS      | $19885448.00  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                       | Wells Fargo & Co                         | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    299300 | NS      | $27083657.00  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                     | United Rentals Inc                       | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |     13700 | NS      | $10714222.00  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC               | GBP/USD FORWARD                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $25066.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Stryker Corp                           | Stryker Corp                             | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     26700 | NS      | $9867252.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc             | Verizon Communications Inc               | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    265400 | NS      | $11815608.00  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                    | American Express Co                      | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     25500 | NS      | $8980335.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                          | DR Horton Inc                            | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     48300 | NS      | $7188972.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc             | Mondelez International Inc               | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    135600 | NS      | $7928532.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                            | NVIDIA Corp                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     28300 | NS      | $5408979.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc               | Simon Property Group Inc                 | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     71400 | NS      | $13659534.00  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                  | Texas Instruments Inc                    | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     43500 | NS      | $9376425.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                             | Hasbro Inc                               | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     89000 | NS      | $7948590.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                     | Meta Platforms Inc                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     16900 | NS      | $12108850.00  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                     | Analog Devices Inc                       | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     63000 | NS      | $19585440.00  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                      | Johnson & Johnson                        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     61400 | NS      | $13953150.00  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES                  | Huntington Bancshares Inc/OH             | CUSIP: 446150BG8<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   5700000 | PA      | $5702854.56   | 0.55%             | N/A             | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| McKesson Corp                          | McKesson Corp                            | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     18500 | NS      | $15377385.00  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                            | Corteva Inc                              | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    178900 | NS      | $13023920.00  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviva PLC                              | Aviva PLC                                | CUSIP: 000000000<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |   1434000 | NS      | $12501402.11  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| McDonald's Corp                        | McDonald's Corp                          | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     33800 | NS      | $10647000.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                             | AMETEK Inc                               | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     72200 | NS      | $16171356.00  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                             | AbbVie Inc                               | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     54700 | NS      | $12198647.00  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                         | S&P Global Inc                           | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     15200 | NS      | $8022408.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                    | General Electric Co                      | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     68700 | NS      | $21076473.00  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                           | Alphabet Inc                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    128700 | NS      | $43500600.00  | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                           | Prologis Inc                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     93500 | NS      | $12207360.00  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                            | Exelon Corp                              | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    231700 | NS      | $10375526.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                         | Merck & Co Inc                           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    188500 | NS      | $20785895.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                | CRH PLC                                  | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |    156300 | NS      | $19132683.00  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

**Name of Applicant:** PAYDEN & RYGEL INVESTMENT GROUP

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer